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Wednesday, February 10, 2016

Brevard County, Florida Real Estate Market: 2015 compared to 2014 (Single Family Home and Condo)

If one is wants to know the direction Brevard County, Florida real estate is headed in 2016 then a look at 2015 performance against 2014 should provide the answer. 

The single family detached comparison reveals...
  • Closed Sales went up 7.8% in 2015.  The number of units closed were 10,113 compared to 9,382 in 2014.
  • Cash Sales saw a decrease by -9.6% compared to 2014.
  • New Pending Sales went up 10.6%.
  • New Listings increased 2.5% in 2015.
  • Median Sales Price for Single Family homes climbeed18.6% to $162,500 compared to 2014 which was $137,000.
  • Months Supply of Inventory is down -12.1% to 2.9 months compared to 3.3 months in 2014
  • Traditional Sales increased 23.4% with a median sales price of $176,625.
  • Foreclosure/REO Sales declined -28.7% with a median sales price of $99,950.
  • Short Sale Closing went down -36.8% with a median sales price of $120,000.
The Townhouse/condo market comparison looks like this....

  • Closed Sales increased 12.6% for 2015.  The number of units closed were 2,752 compared to 2,443 in 2014.
  • Cash Sales increased by 9.2% compared to 2014.
  • New Pending Sales climbed 20.0% in 2015.
  • New Listings are up 1.3%.
  • Median Sales Price for Townhomes/Condos is up 9.9% to $133,000 compared to 2014 which was $121,000.
  • Months Supply of Inventory is down -16.9% to 3.5 months compared to 4.2 months in 2014
  • Traditional Sales increased 24.8% with a median sales price of $141,500.
  • Foreclosure/REO Sales are down -28.3% with a median sales price of $75,375.
  • Short Sale Closing decreased -46.1% with a median sales price of $105,250.
Considering buying a house in Brevard County, Florida, we can help.  
Contact Waters Realty of Brevard at 321-693-3850 or send us an email.
*Statistics provided by the Space Coast Realtors. 

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