Market Report–Brevard County Real Estate–November 2011

 

Market Report - Brevard County Real Estate - November 2011

Statistics for Brevard County FL Real Estate, November 2011…

Currently there are:

3226 residential listings for sale

1264 rental listings available

897 condos for sale

221 townhouses for sale

90 income producing properties

2292 vacant parcels for sale

Brevard County FL Real Estate, including single family residential, condo, townhouse and vacant lots:

There were 696 new listings.

There were 354 sold listings.

Average sales price was $154,202.

Average days on the market were 121.

For single family residential units only:

There were 500 new listings.

This is a decrease of 4.17% from November 2010 of 480 listings.

There were 292 sold listings.

This is an increase of 6.18% from November 2010 of 275 sold listings.

The average sale price in November 2011 was $136,820.

This is a decrease of 1.30% from November 2010 of $138,626.

Average days on the market were 120, a 1.64% decrease from November 2010 of 122 days.

Source: Melbourne Association of Realtors

Brevard County showed a 6.18% increase in the number of properties sold from November 2010 to 2011. And, we noticed an increase of just 1.30% in average sales price from last year. It appears that we are experiencing a bit of stability in our market. Prices are not dropping drastically as in years past. And we ar finding that properties are steadily moving off the market.

We currently have a large number of investors and some second/vacation home buyers in the market. Buyers still have an interest in relocating to our area because of the Florida sunshine, the Indian and Banana rivers and the beautiful sandy beaches. There are also some nice tax incentives here in Florida. (Please consult a CPA or tax accountant for more info on taxes.)

Today, Brevard County prices are relatively inexpensive compared to neighboring cities in Florida.

Search Brevard County Real Estate

Sandy Shores, Melbourne FL REALTOR®

M & M Real Estate, Inc.

Residential, Investment and Relocations

We have a team of professionals to facilitate your Short Sale.

Melbourne Real Estate / Palm Bay Real Estate

321-253-4545

SandyShoresMelbourne@hotmail.com

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Serving Brevard County Florida for 15 Years

Brevard County Resident for 36 Years

Melbourne, Palm Bay, Suntree, Viera, Rockledge,

Cocoa, Canaveral Groves, Titusville, Mims, Melbourne Beach,

Indialantic, Indian Harbour Beach, Satellite Beach,

Cocoa Beach, Cape Canaveral

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I buy, sell, rent, own and manage Investment Property.

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