Brevard County Residential Statistics for August 2016
A quick recap of the Brevard County Residential Report for August 2016 compared to August 2015:
- Closed Sales are up 1.5% for August 2016 in which the number of units closed was 879 compared to 866 in August 2015, with a decrease in cash sales by -26.1% compared to August 2015.
- New Pending Sales are up 1.8% and New Listings are up 7.4%.
- The Median Sales Price for Brevard Single Family homes is up 14.7% to $195,000 compared to a year ago, which was $170,000.
- Months Supply of Inventory is down -7.4% at 2.5 months compared to 2.7 months in August 2015.
- Traditional Sales are up 15.1%, with a median sales price of $200,000.
- Foreclosure/REO Sales are down -64%, with a median sales price of $109,450.
- Short Sale Closings are down -29.4%, with a median sales price of $127,500.
A quick recap of the Brevard County Townhouses/Condos for August 2016 compared to August 2015:
- Closed Sales are up 10.7% for August 2016 in which the number of units closed was 258 compared to 233 in August 2015, with an increasein cash sales of 4.9% compared to August 2015.
- New Pending Sales are up 7.6% and New Listings are up 3.4%.
- Median Sales Price for Townhomes/Condos is up 16.7% to $154,000 compared to a year ago, which was $132,000.
- Months Supply of Inventory is up 6.2% to 3.4 months compared to 3.2 months in August 2015.
- Traditional Sales are up 24.1%, with a median sales price of $158,500.
- Foreclosure/REO Sales are down -56.3%, with a median sales price of $63,000.
- Short Sale Closings are down -66.7%, with a median sales price of $112,450.
As we start to finish off the month of September, residential inventory levels continue to be a hot topic as days on the market continue to dwindle and appraisal values continue to rise at a healthy rate.Viera,Suntree,Indialantic,Melbourne Beach areas round the top sell through areas.
For an in-depth statistics report,please contact us and we would be glad to provide.