Brevard County Florida Housing Statistics for December 2016
Wrapping up this exciting year strong, we look forward to the continued steady residential growth throughout Brevard County. Single Family inventory is at historic lows which translates into prevalent multiple offers within a shorter amount of days on market. Condominium and Townhome sell through continues to perform above LY with new luxury oceanfront construction in Satellite Beach and Indialantic coming on line in 2017.
A quick recap of the Brevard County Residential Report for December 2016 compared to December 2015:
- Closed Sales are up 3.1% for December 2016 in which the number of units closed was 833 compared to 808 in December 2015, with a decrease in cash sales of -15% compared to December 2015.
- New Pending Sales are down -6.4% and New Listings are down -3.6%.
- The Median Sales Price for Brevard Single Family homes is up 15.2% to $191,000 compared to a year ago, which was $165,750.
- Months Supply of Inventory is down -14.3% at 2.4 months compared to 2.8 months in December 2015.
- Traditional Sales are up 11.8%, with a median sales price of $195,000.
- Foreclosure/REO Sales are down -47.4%, with a median sales price of $137,500.
- Short Sale Closings are down -57.9%, with a median sales price of $113,875.
For detailed,easy to read, Single Family sell through data please click HERE
A quick recap of the Brevard County Townhouses/Condos for December 2016 compared to December 2015:
- Closed Sales are up 7.7% for December 2016 in which the number of units closed was 223 compared to 207 in December 2015, with a increase in cash sales of 9% compared to December 2015.
- New Pending Sales are up 14.5% and New Listings are down -5.5%.
- Median Sales Price for Townhomes/Condos is up .5% to $145,000 compared to a year ago, which was $144,250.
- Months Supply of Inventory is up 5.9% to 3.6 months compared to 3.4 months in December 2015.
- Traditional Sales are up 9.8%, with a median sales price of $147,000.
- Foreclosure/REO Sales are down -38.5%, with a median sales price of $62,000.
- Short Sale Closings year-over-year data is not available as there were no sales in December 2015. The December 2016 median short sale sales price was $76,750.
For detailed,easy to read, Townhome/Condo sell through data please click HERE
*Data courtesy of Florida Realtors