Brevard County Real Estate… Overview for August 2011

Posted on: September 28, 2011

Sales of existing homes in Brevard County improved in August, up from just one month ago, and also up from one year ago. Last month’s sales of single-family homes totaled 593, up from 588 in July, and way up from August 2010’s 484. Furthermore, the folks who bought last month most likely got a pretty good bargain, since the median sale price was at a four-month low.

Sales of condominiums in Brevard County were also up for August, compared with a year ago. This past August’s sales were 18 percent higher than last August’s sales, 176 vs. 149 a year earlier. August 2011’s median sales price was $101,100; back in August 2010 the median sales price was $85,000.

In Florida as a whole, existing-home sales rose 15% last month, with 16,206 homes sold compared with 14, 131 homes sold in August 2010. The median sales price for the state was up 2 percent from a year earlier. And nationally, total existing-home sales rose 7.7 percent in August from the previous month, and are 18.6 percent higher than a year earlier.

President of the Melbourne Area Association of Realtors, Raymond Craig, explains that, “We’ve seen a slow and steady improvement in our market. We have a saying in our business that one sale doesn’t make a market. Neither does one month. You have to look at the yearly or quarterly trend, and the yearlies and quarterlies are all positive.” Craig also said that reports from members are showing multiple offers on properties, which is a great sign for the local real estate market.

Brevard County is a wonderful place to live or vacation, and there is no better time than now to purchase a home or a condo. I have plenty of properties to show you in Melbourne Beach, Indialantic, Satellite Beach, Suntree and Viera. Call or email me and we can set up a time to talk about what type of property will work for you.

Source of info: Florida Today article by Wayne T. Price

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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RE/MAX Olympic Realty
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Indialantic, FL 32903

Direct: 321.271.0870
Fax: 321.574.3044


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Indialantic, FL 32903

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