LifeByTheBeach

More Good News for the Brevard County Real Estate Market

Posted on: August 18, 2011

Hey, who doesn’t enjoy some good news on a Thursday night?! Until the summer TV reruns are over and new episodes of The Office start again, this will have to do 🙂

According to the latest housing data released by Florida Realtors, our state’s existing home and existing condo sales rose in July. Compared to the year-ago sales figures, existing home sales were up 12 percent last month, while existing condo sales were also up by the same percentage, 12 percent. So 12 percent for both homes and condos… not too shabby!

Florida’s median sales price for existing homes last month was $136,500, down by 1 percent from a year ago. Analysts note that the sales of foreclosures and other distressed properties downwardly distort the median price because they generally sell at a discount relative to traditional homes. On the other hand, Florida’s median sales price for existing condos was up by 4 percent from a year ago, from $87,800 in July 2010 to $90,900 in July 2011.

Fifteen of Florida’s metropolitan statistical areas (MSAs) reported higher existing home sales for the month of July, and 13 MSAs had higher existing condo sales for the same month. Patricia Fitzgerald, Florida Realtors President, explains that “Realtors in markets across the state are reporting increased activity from potential homebuyers who are ready to take advantage of historically low mortgage rates and current availability of affordable housing options.”

According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged around 4.55 percent in July.

You know the equation… Low Interest Rates + Low Home Prices = Perfect Time to Buy!

Call me to discuss your real estate needs!

Source of info:www.FloridaRealtors.org

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

Email: CarolynSmithRealtor@gmail.com

http://www.CarolynSmithRealtor.com

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Visit Our Website: www.CoastalEstateTeam.com

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Your Coastal Estate Team: Carolyn Smith, Realtor & Bridget Sentz, Realtor

"Your Coastal Estate Team"

Contact Carolyn at:

RE/MAX Olympic Realty
445 Fifth Avenue
Indialantic, FL 32903

Direct: 321.271.0870
Fax: 321.574.3044

Email: CarolynSmithRealtor@gmail.com

Contact Bridget at:

RE/MAX Olympic Realty
445 Fifth Avenue
Indialantic, FL 32903

Cell: 321.537.5720
Office: 321.952.4000

Email: BridgetSentz@gmail.com

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