Home Sales are Strong in Brevard County

Posted on: July 22, 2011

According to a recent Florida Today article, more than 600 single-family homes have been sold in our county in each of the past four months. Sounds reasonable, right? Well here’s the surprising part… the last time that happened was at the peak of the housing boom, between June and September 2005. Wow. To put this in perspective, for the past three years, Brevard County has averaged 475 home sales per month, with home sales in our county bottoming out in January 2008, when 258 single-family homes were sold. Further, although June’s median sales price was down from just a month earlier, it was the third consecutive month it was above $100,000. This comes after dropping down to $87,700 in February, a price level last seen before that in the 1990’s. According to the Florida Today article, home sales have been particularly strong in the Suntree/Viera area, as well as beachside and in certain parts of Melbourne. It seems that there has been an increase in interest from out-of-state buyers, who are considering purchasing homes in our area in anticipation of retiring.

Looking at this data, it seems that the Brevard County real estate market is continuing to recover across the entire area, from the South Beaches of Melbourne Beach to the northern part of our county including Suntree/Viera. The sales volume of the past four months indicates a high level of buyer interest. So, if you have been thinking about buying a home anywhere in Brevard County, whether it be a primary home or a secondary home, you would be smart to start looking now, while home and condo prices are still very attractive, even more so than they have been in the past or are likely to be for much longer.

Source: John McCarthy for Florida Today

Whether you are buying or selling, it would be my pleasure to represent you!  Please call or email me today to review your real estate needs!

Contact me, Carolyn Smith at:

Phone: 321.271.0870


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