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Tuesday, September 27, 2016

Brevard County, Florida Townhouse and Condo Market Update August 2016

Presented below is a recap of the Brevard County Townhouse and Condominium market for August 2016 compared to August 2015 as provided by the Florida Realtors/Space Coast Association of Realtors.
  • Closed Sales - Up 10.7%  in August 2016 with 258 units closed compared to 233 in August 2015, with an increase in cash sales of 4.9% compared to August 2015.
  • New Pending Sales - Up 7.6%.
  • New Listings - Up 3.4%.
  • Median Sales Price for Townhomes/Condos - Up 16.7% to $154,000 compared to a year ago ($132,000).
  • Months Supply of Inventory - Up 6.2% to 3.4 months compared to 3.2 months in August 2015.
  • Traditional Sales - Up 24.1%  with a median sales price of $158,500.
  • Foreclosure/REO Sales - Down -56.3% with a median sales price of $63,000.
  • Short Sale Closings - Down -66.7% with a median sales price of $112,450.
 
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