Brevard Florida Residential Statistics September 2016
Please enjoy the current Brevard Florida Residential Statistics September 2016. As we so thankfully were not drastically impacted by Hurricane Matthew, days on the market of new listings continues to dwindle. Median prices from single family through townhomes and condos continue to rise at a healthy sustainable rate. It is exciting to see new direct oceanfront condominiums from Satellite Beach to Cocoa Beach begin preconstruction selling along with new single family construction from Indialantic to Viera.October 2016 has started strong as eager qualified buyers are waiting in the wings to make competitive offers on updated homes in terrific schools districts.
A quick recap of the Brevard County Residential Report for September 2016 compared to September 2015:
- Closed Sales are down -0.7% for September 2016 in which the number of units closed was 849 compared to 855 in September 2015, with a decrease in cash sales by -23.7% compared to September 2015.
- New Pending Sales are up 4.3% and New Listings are up 5.6%.
- The Median Sales Price for Brevard Single Family homes is up 15.9% to $197,100 compared to a year ago, which was $170,000.
- Months Supply of Inventory is down -3.8% at 2.5 months compared to 2.6 months in September 2015.
- Traditional Sales are up 8.2%, with a median sales price of $200,000.
- Foreclosure/REO Sales are down -60.2%, with a median sales price of $141,000.
- Short Sale Closings are down -6.7%, with a median sales price of $123,500.
A quick recap of the Brevard County Townhouses/Condos for September 2016 compared to September 2015:
- Closed Sales are down -7.9% for September 2016 in which the number of units closed was 220 compared to 239 in September 2015, with a decrease in cash sales of -2.2% compared to September 2015.
- New Pending Sales are up 13.4% and New Listings are down -4.4%.
- Median Sales Price for Townhomes/Condos is up 15.6% to $138,700 compared to a year ago, which was $120,000.
- Months Supply of Inventory is up 6.2% to 3.4 months compared to 3.2 months in September 2015.
- Traditional Sales are down -4.1%, with a median sales price of $141,500.
- Foreclosure/REO Sales are down -47.4%, with a median sales price of $81,650.
- Short Sale Closings are down -33.3%, with a median sales price of $135,000.
For further analysis,please click Detailed Analysis
Source: Florida Realtors