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Saturday, December 24, 2011

Brevard County, Florida Residential Sales - 2010 vs. 2011 By Type of Sale (Short Sale, Foreclosure, Standard)

Contrary to perception, not all residential home sales are distressed sellers selling distressed properties (short sales, foreclosures/bank owned).  Everyone knows the Brevard County Florida real estate market is not healthy as 2011 ends.

But, based on the type of residential sales, how do we compare to 2010?  [The below data for 2011 was extracted from the Brevard MLS system on Dec 24, 2011 so the final numbers will change but not significantly I am sure.]

             Standard                Foreclosure              Short Sale

2010 RESIDENTIAL SALES



             Standard                Foreclosure              Short Sale

2011 RESIDENTIAL SALES


 
Where will 2012 lead?

No one knows for sure but with almost 1,600 residential properties under contract (contingent or pending), I believe the number of closings will be greater than this year.  Of these 1,600 properties there are almost 1,300 distressed properties – not a good sign for price.  And the unknown is how many more foreclosures will hit the market?

The bottom line - These pies probably will not shift much in 2012.

If you are considering buying or selling a home in Brevard County, Florida, please contact me to discuss how I can help.






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