LifeByTheBeach

Brevard County Real Estate Market is on the Upswing! | Carolyn Smith, Realtor

Posted on: January 23, 2012

Melbourne Beach real estate market

Brevard County, FL Real Estate Market is on the Upswing! According to a recent article by Florida Realtors, Florida’s existing home and condominium markets reported higher sales for 2011, as compared to sales in 2010. This past year was the third consecutive year for Florida’s home and condo sales to end the year on a positive upswing; records show that higher year-over-year sales were also reported at the close of 2010 and 2009.

Here are some more Florida real estate market statistics for the past year:

Home Sales: In 2011, Florida’s existing home sales rose 8% for the year, while in the condo market, sales rose 15% compared to 2010. Sixteen of Florida’s metropolitan statistical areas reported higher existing home sales and existing condo sales at the end of 2011 compared to 2010.

Home Prices: The statewide existing home median sales price for December 2011 was up 1% from December 2010. The statewide existing condo sales price was up 4% from a year earlier.

Mortgage Rates: In December 2011, the interest rate for a 30-year fixed-rate mortgage averaged 3.96 percent, down from 4.71 during the same month a year earlier. Overall, the average annual rate for a 30-year fixed-rate mortgage in 2011 was 4.45%.

According to Florida Realtors President Summer Greene, “Florida’s economy is continuing to strengthen, which is good news. Many people are hoping to take advantage of the current record low mortgage rates and affordable conditions to find their Florida dream home.” Florida Realtors Chief Ecomomist Dr. John Tuccillo explains that overall for 2011, Florida’s home sales were up strongly, “which reinforces the reality that Florida is in a slow real estate recovery. Our expectation is that recovery will continue through 2012.”

This is all great news for the Brevard County real estate market! If you are ready to start searching for your Florida dream home, please contact me, Carolyn Smith, Realtor by phone or email so we can discuss your real estate needs! I serve the areas of Melbourne Beach, Indialantic, Indian Harbour Beach, Satellite Beach, Melbourne, West Melbourne, Suntree, Viera, Cocoa Beach and Merritt Island. 

Start your dream home search right here: Carolyn Smith Realtor Website

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

www.CarolynSmithRealtor.com

SRES – Accredited Seniors Real Estate Specialist

CDPE – Certified Distressed Property Expert

Source of info: Florida Realtors.org

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Visit Our Website: www.CoastalEstateTeam.com

Email Us: info@CoastalEstateTeam.com

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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