This comparison list shows that the market is up and the median sales price for homes jumped 8.1%! That’s great news for the Space Coast and a good indicator of things to come!

What did the real estate market look like for the Space Coast/ Brevard County area of Florida for the past year? This comparison list shows that the market is up and the median sales price for homes jumped 8.1%! That’s great news for the Space Coast and a good indicator of things to come!

A quick recap of the Brevard County Residential Report for December 2014 compared to December 2013:

  • Closed Sales are up 12.0% for December 2014 in which the number of units closed were 811 compared to 724 in December 2013, with an increase in cash sales by 2.6% compared to December 2013.
  • New Pending Sales are up 4.1% and New Listings are down -1.3%.
  • Median Sales Price for Brevard County Single Family Homes are up 8.1% to $139,900 compared to a year ago, which was $129,450.
  • Median Days on the Market are down -12.5%, which is 35 days compared to 40 in December 2013.
  • Months Supply of Inventory is down -25.4% to 3.3 months compared to 4.4 months in December 2013.
  • Traditional Sales are up 25.9%, with a median sales price of $157,200.
  • Foreclosure/REO Sales are up 6.5%, with a median sales price of $104,001.
  • Short Sale Closings are down -63.0%, with a median sale price of $125,000.

A quick recap of the Brevard County Townhouses/Condos Report for December 2014  compared to December 2013:

  • Closed Sales are up 57.2% for December 2014, with a increase in cash sales of 41.3% compared to December 2013.
  • New Pending Sales are down -5.1% and New Listings are down -3.7%.
  • The Median Sales Price for Townhouses/Condos are the same at $120,000.
  • Median Days on the Market are down -21.2%, which is 41 days compared to December 2013, which was 52 days.
  • Months Supply of Inventory is down -27.4%, which is 4.2 months compared to December 2013, which was 5.8 months.
  • Traditional Sales are up 68.6%, with a median sales price of $129,838.
  • Foreclosure/REO Sales are up 48.0%, with a median sales price of $84,325.
  • Short Sale Closings are down -27.3%, with a median sale price of $102,000.

*INFORMATION PROVIDED BY SPACE COAST ASSOCIATION OF REALTORS