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Friday, February 03, 2012

Brevard County Florida Condo Sales January 2012 (including short sales)

About 80% of Brevard County condo closings in January 2012 were cash transactions.  There are possibly several explanations for this including the inability to obtain financing in condo complexes where the ratio of investors is high, lower prices, etc.

Similar to residential sales there is a big difference between selling price of standard sales distressed properties (foreclosure and short sale transactions).  Many buyers are surprised when they realize there are two different condo markets in the area (the short sale prices are not the "everything prices.") 

All Condo properties sold includes short sale and foreclosure units

  • Condo Properties Sold - 82 
  • Average List Price - $161,279  
  • Average Sell Price - $150,109 
  • List/Sell Ratio - 93% 
  • Cash transactions - 66 
  • Conventional Loans - 12 
  • FHA Loans - 0 
  • Median List - $107,450 
  • Median Sell - $103,750
Condo properties Short Sale only
  • Condo Properties Sold - 15 
  • Average List Price - $87,487  
  • Average Sell Price - $81,100 
  • List/Sell Ratio - 93% 
  • Cash transactions - 12 
  • Conventional Loans - 3 
  • FHA Loans - 0 
  • Median List - $57,000 
  • Median Sell – $56,000



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