Brevard County 2nd Quarter Residential Housing Report
Space Coast Residential 2nd Quarterly Report
The data is in! Almost every measurable category has improved for 2nd Quarter statistics. Residential sales in and around the towns of Satellite Beach,Indian Harbor Beach,Indialantic,Melbourne Beach,Viera, Suntree and beyond continue to outperform last years comparables.
A quick recap of the Brevard County Residential Report for Q2 2017:
- Closed Sales are down -1.6% for Q2 2017 in which the number of units closed was 2,825 compared to 2,872 in Q2 2016, with a decrease in cash sales of -20.6% compared to Q2 2016.
- New Pending Sales are up 8.7% and New Listings are up 5%.
- The Median Sales Price for Brevard Single Family homes is up 14.1% to $211,000 compared to a year ago, which was $185,000.
- Months Supply of Inventory stayed the same at 2.7 months.
- Traditonal Sales are up 2.4%, with a median sales price of $215,000
- Foreclosure/REO Sales are down -46.9%, with a median sales price of $123,000.
- Short Sale Closings are down -26.3%, with a median sales price of $132,500.
For a detailed report on Single Family homes,please click HERE
A quick recap of the Brevard County Townhouses/Condos for Q2 2017:
- Closed Sales are down -3.1% for Q2 2017 in which the number of units closed was 762 compared to 786 in Q2 2016, with a decrease in cash sales of -6.9% compared to Q2 2016.
- New Pending Sales are up 9.4% and New Listings are up 2.5%.
- Median Sales Price for Townhomes/Condos is up 9.6% to $160,000 compared to a year ago, which was $146,000.
- Months Supply of Inventory is down -10.5% to 3.4 months compared to 3.8 months in Q2 2016.
- Traditional Sales are up 0.1%, with a median sales price of $160,000.
- Foreclosure/REO Sales are down -51.4% with a median sales price of $127,000.
- Short Sale Closings are down -85.7%, with a median sales price of 39,000 for Q2 2017.
For a detailed report of Townhomes/Condos,please click HERE
Source: Florida Realtors
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