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Tuesday, January 20, 2015

Brevard County, Florida Townhouse/Condo Activity December 2014 vs. December 2013

The below recap of the Brevard County Townhouse and condo activity for December 2014 compared to December 2013 as provided by the Space Coast Association of Realtors®. 

  • Closed Sales were up 57.2% for December 2014 with an increase in cash sales of 41.3% compared to December 2013. 
  • New Pending Sales are down -5.1%.
  • New Listings are down -3.7%.
  • Median Sales Price for Townhouses/Condos remained the same at $120,000.
  • Median Days on the Market was down -21.2% to  41 days compared to December 2013, 52 days.
  • Months Supply of Inventory is down -27.4%, to 4.2 months compared to a year ago which was 5.8 months supply.  
  • Traditional Sales are up 68.6% with a median sales price of $129,838.
  • Foreclosure/REO Sales are up 48.0%, with a median sales price of $84,325.
  • Short Sale closings are down -27.3%, with a median sale price of $102,000.
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