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Wednesday, February 11, 2015

Brevard County, Florida Real Estate Market - Standard Sales Control Market in 2015

As of today the inventory of properties for sale in Brevard County, Florida (currently active in the Brevard MLS) shows the standard sale (fair market sale) as the major shareholder of market listings.
  • About 82% of all single family homes for sale today are standard sales.  
  • The condo market shows about 92% of listings are regular sales.  
  • Similarly the town homes for sale have about 85% standard sales.
If you look at the closings in January 2015 by the type of sale the statistics may be a little different.  That could be a reflection of the time it takes to close (contracts were probably agreed on as far back as November).

It will be interesting to see if there is a noticeable change in the percentage of  standard sales in February 2015.   The types of residential sales in Brevard County for January 2015 are broken down here
  • Single family home sales were about 66% standard closings.  
  • About 84% of condos sold  were standard sales.
  • The share of standard sales in the town house category was about 74% of all sales.
The above results extracted from Brevard MLS system by author on February 11, 2015 and are believed to be accurate although not audited.

For information on buying or selling a home in Brevard County, Florida, please give me a call at 321-693-3850 or send me an email.

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