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Friday, February 03, 2012

Brevard County Florida Residential Sales (including short sales) for January 2012

A few observations about the January 2012 residential market in Brevard County, Florida
  • About one in four residential closings in January 2012 was a short sale.  
  • About half of all residential transactions were cash deals.
  • There are two markets  - distressed and "regular" markets.
  • The average selling price of non-short sale and non-foreclosure properties was $173,000 vs. $105,505.
All (includes regular and distressed) Brevard County Florida Residential Sales January 2012 (Single Family)
  • Residential Properties Sold - 400 
  • Average List Price - $149,565 
  • Average Sell Price - $141,279 
  • List/Sell Ratio 94% 
  • Cash transactions - 200 
  • Conventional Loans - 103 
  • FHA Loans - 67 
  • Median List Price - $99,000 
  • Median Sell Price -  $95,000
Only Residential Short Sales
  • Residential Properties Sold - 102
  • Average List Price - $109993 
  • Average Sell Price - $105505 
  • List/Sell Ratio - 96% 
  • Cash transactions - 45 
  • Conventional Loans - 23 
  • FHA Loans - 27 
  • Median List Price - $92,000 
  • Median Sell Price - $89,450
Data extracted from Brevard MLS system on February 5, 2012.

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