Market Report–Brevard County FL Real Estate–March 2012

Market Report - Brevard County FL Real Estate - March 2012

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

There were 890 new listings.

There were 468 sold listings.

Average sales price was $147,023.

Average days on the market were 121.

For single family residential units only:

There were 610 new listings.

This is an increase of 8.93% from March 2011 of 560 listings.

There were 376 sold listings.

This is a decrease of 1.83% from March 2011 of 383 sold listings.

The average sale price in March 2012 was $152,159.

This is a whopping increase of 26.64% from March 2011 of $120,143.

Average days on the market were 108, an 18.18% decrease from March 2011 of 132 days.

Source: Melbourne Association of Realtors

Brevard County showed an 8.59% decrease in the number of total properties (single family, condo & townhouses) sold in March 2012 compared to March 2011. And, we noticed an impressive increase of 27.96% in average sales price from last year to now. We are still experiencing a slight uptick in our market. Prices are currently heading up right now. And, we are finding that clean, well priced properties are moving off the market quickly. Our inventory of homes for sale is still dwindling. We have move buyers than we have houses for them to buy.

We still have a large number of investors and many 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.) Over the past few months, snowbirds were coming out of their rentals to buy a property for next year. Many of them are heading or have already headed home as the last week we have seen our temperatures slowly inching their way up. Many snowbirds do not want to continue renting, so we have been helping them find a condo or townhouse to buy. And they will head back home, until the winter gets too cold up North for them next Fall.

Today, Brevard County prices are still proving to be quite affordable compared to neighboring cities in Florida.

Search Brevard County Real Estate

Sandy Shores, Melbourne FL Broker-Associate

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

____________________________________________

Serving Brevard County Florida for 16 Years

Brevard County Resident for 37 Years

Melbourne, Palm Bay, Suntree, Viera, Rockledge,

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

Indialantic, Indian Harbour Beach, Satellite Beach,

Cocoa Beach, Cape Canaveral

______________________________________________

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

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