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Wednesday, September 23, 2015

Brevard County, Florida Townhouse and Condo Market Report August 2015


Presented below is a summary of the Brevard County, Florida townhouse and condominium market for August 2015 compared to August 2014.
  • Closed Sales were up 14.7% for August 2015.  The number of units closed 234 compared to 204 in August 2014.  There was an increase in cash sales of 12.5% over August 2014. 
  • New Pending Sales climbed 12.0%.
  • New Listings decreased 10.9%.
  • Median Sales Price for townhouses/condos increased 5.2% to $131,500 compared to a year ago ($125,0000).
  • Median Days on the Market are down -2.4% to 41 days compared to August 2014 (42 days).
  • Inventory is down 33.0% to 3.2 months vs. August 2014 (4.8 months).
  • Standard (Fair Market) Sales are up 15.3% (with a median sales price of $138,700).
  • Foreclosure/REO Sales are up 23.1% (with a median sales price of $66,500).
  • Short Sale Closings decreased 25.0% (a median sale price of $108,800). 

agent@moving2brevard.com

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