The slow down over the last couple months may have spurred the step up in business for September. The annual trend is showing that listings are up a little more than 4% from last year while sold listings are just under flat from last year in Brevard County. The volume sold is down from last year but that is because the average home sales price has been in decline. The volume is down 6.98%. The average price is down from last year by 6.92%.
*New Listings are up from September 2009- +5.92%
*Sold Listings are up from September 2009- +.84%
*Volume Sold is down from September 2009- (10.13%)
*Average Sale Price is down from September 2009- (10.88%)
Here is what is selling in Brevard County, Florida in average sales price:
$0-$49,999 – 152 units sold (21.5%)
$50K-$79,999 – 144 units sold (20.4%)
$80K-$99,999 – 78 units sold (11.0%)
$100K-$159,999 – 150 units sold (21.2%)
$160K-$199,999 – 59 units sold (8.3%)
$200K-$249,999 – 49 units sold (6.9%)
$250K-$299,999 – 23 units sold (3.3%)
$300K-$399,999 – 25 units sold (3.5%)
$400K-$499,999 – 11 units sold (1.6%)
$500K+ – 16 units sold (2.3%)
52.9% of all homes sold in Brevard County were priced between $0 and $99,999. The average median sales price in Brevard County for September 2010 was $130,912. 55.3% of all homes sold in September 2010 were paid for with cash.
Current inventory on the market is broken down like this:
Residential Homes 4,798 on the market – 1,244 are short sales – 618 are bank owned
Condos 1,219 on the market – 214 are short sales – 122 are bank owned
Townhomes 348 on the market – 75 are short sales – 71 are bank owned
Total 6,364 homes on the market – 1,533 are short sales – 689 are bank owned