Brevard County Florida Real Estate Market– Residential Real Estate Sales March 2012

As April 2012 begins here is a quick summary of the residential properties sold in Brevard County, Florida during March 2012 as reported in the Brevard MLS system as of today.

• Residential Units Sold – 571
• Average Days on Market – 111
• Average Sell price – $145,361
• Average List Price - $155,347
• List/Sell Ratio – 94%
• Median List Price – $110,880
• Median Sell Price – $107,000
• Rate of Sales – 133.5 per week
• Cash Transactions –276
• Conventional Loans – 149
• VA Loans – 40
• FHA Loans – 90

Of the 571 transactions reported above there were 148 short sales sold with an average selling price of $102,779.

Also included in the 571 total are 85 foreclosures sold for an average selling price of $111,445.   Interesting, yet not surprising, 3 of 4 foreclosures purchased were cash transactions.

For information on buying and selling real estate in Brevard County, Florida, please contact me at 321-693-3850 or email me.