How was the 2016 Brevard County, Florida real estate market for buyers and sellers last year?
The condensed version: Median selling prices were up....single family home selling prices 15% to $185,000 and condo selling prices about 8% to $144,000.
The long version: A quick recap of the Brevard County Residential Report for 2016 compared to 2015:
The condensed version: Median selling prices were up....single family home selling prices 15% to $185,000 and condo selling prices about 8% to $144,000.
The long version: A quick recap of the Brevard County Residential Report for 2016 compared to 2015:
- Closed Sales are up 0.7% for 2016 in which the number of units closed was 9,925 compared to 9,856 in 2015 with a decrease in cash sales by -19.1% compared to 2015.
- New Pending Sales are down -4.9% and
- New Listings are up 0.2%.
- The Median Sales Price for Brevard Single Family homes is up 14.5% to $185,500 compared to a year ago, which was $162,000.
- Months Supply of Inventory is down -14.3% to 2.4 months compared to 2.8 months in 2015.
- Traditional Sales are up 13.1%, with a median sales price of $193,000.
- Foreclosure/REO Sales are down -52.5%, with a median sales price of $116,200.
- Short Sale Closings are down -50.4%, with a median sales price of $120,000.
A quick recap of the Brevard County Townhouses/Condos for 2016 compared to 2015:
- Closed Sales are down -2.4% for 2016 in which the number of units closed was 2,646 compared to 2,712 in 2015, with a decrease in cash sales by -11.7% compared to 2015.
- New Pending Sales are down -4.7% and New Listings are up 3.1%.
- Median Sales Price for Townhomes/Condos is up 8.3% to $144,000 compared to a year ago, which was $132,950.
- Months Supply of Inventory is up 5.9% to 3.6 months compared to 3.4 months in 2015.
- Traditional Sales are up 5.1%, with a median sales price of $148,000.
- Foreclosure/REO Sales are down -54.4%, with a median sales price of $80,000.
- Short Sale Closings are down -31.7%, with a median sales price of $79,500.
