Market Report - Brevard County Residential Sales - September 2011

Statistics for Brevard County FL Real Estate, September 2011...

Currently there are:

3271 residential listings for sale

1210 rental listings available

888 condos for sale

237 townhouses for sale

94 income producing properties

2269 vacant parcels for sale

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

There were 731 new listings.

There were 357 sold listings.

Average sales price was $130,319.

Highest price sold was $773,000.

Lowest price sold was $ 600.

Average days on the market were 132.

For single family residential units only:

There were 521 new listings.

This is a decrease of 7.13% from September 2010 of 561 new listings.

There were 295 sold listings.

This is a decrease of 6.05% from September 2010 of 314 sold listings.

The average sale price in September 2011 was $137,301.

This is an increase of 2.04% from September 2010 of $134,561.

Average days on the market were 123, a 6.03% increase from September 2010 of 116 days.

Source: Melbourne Association of Realtors

Brevard County only saw a 6.05% decrease in properties sold from September 2010 to 2011. And, we noticed a 2.04% increase in average sales price from last year. It appears that we are experiencing a bit of stability in our market. Prices are not dropping like they previously had been and 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 have an interest in relocating to our area because of the Florida sunshine, the Indian and Banana rivers and the beautiful sandy beaches. Today, Brevard prices are relatively inexpensive compared to neighboring cities in Florida.

Sandy Shores, Melbourne FL REALTOR®

Specializing in Residential, Investment and Relocation Real Estate

We have a team to facilitate your Short Sale.

Melbourne Real Estate / Palm Bay Real Estate

321-253-4545

SandyShoresMelbourne@hotmail.com

____________________________________________

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

______________________________________________

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

Visit Melbourne FL Real Estate Talk on Facebook and "Like" Us There