A report I read stated that 34% of homes sold in January were cash transactions. In Brevard County the number of cash buyers in January was greater - closer to 50%.
So is the trend in Brevard County real estate leaning more heavily on the cash side?
In Brevard County, Florida during February 2012
- There were 582 units sold (residential, condo and town home). Of these 582 properties there were 335 cash purchases – about 57.5% of the total.
- Of the total 135 short sales in February there were 78 cash transactions (57.8%).
- Of the 94 foreclosures sold in February slightly more than 73% (68) were cash deals.
Cash buyers are out there, folks, and they are not just buying up the distressed properties…. I guess cash does talk in Brevard County, Florida real estate.