According to the Melbourne Association of REALTORS here in Brevard County Florida Real Estate Statistics for October 2009 are as follows:
For single family residential units:
There were 623 new listings.
This is an increase of 11.05% from October 2008 of 561 new listings.
Year to date in 2009 there have been 5909 listings.
Year to date in 2008 there were 7516 new listings.
There were 323 sold listings.
This is a 34.02% increase from October 2008 of 241 sold listings.
Year to date in 2009 there are 3110 listings sold.
Year to date in 2008 there were 2694 listings sold.
The average sale price in October 2009 was $148,791.
This is a decrease from October 2008 of $190,937.
Average days on the market were 107 days.
This is a 24.11% decrease from October 2008 of 141 days.
For all properties, including single family residential, condo and townhouse:
There were 868 new listings.
There were 393 sold listings.
Average sales price was $147,236.
Average days on the market = 122
Types of financing used:
121 conventional financing
152 cash
98 FHA
28 VA
0 Exchanges
3 Owner financing
Sandy Shores REALTOR®, Melbourne/Palm Bay FL Real Estate
Brevard County Real Estate & Investing
I also buy, sell, rent, own and manage Investment Property.
that for you
Hi Sandy:
WOW...it's amazes me how many cash purchases there were!
Hi Toula, I agree. When we're out showing houses, working with buyers, it seems that there are so many FHA buyers. But I always like to review the market reports to get a true picture of where the buyers are coming from. Over the past couple of years we have seen about 1/4 of buyers coming to closing with cash. It amazes me too, when we hear about the economy.
What I love most about your market reports Sandy, is how the home that sold was financed section. That gives Buyers a real insight on where to get a loan program or in your case, how cash is the program of choice, Thank-you!
Sandy, the first thing I noticed was the gorgeous butterfly, how pretty it is! Looks like your market is really picking up Sandy....(and cash is still king :-) )
Sandy,
Okay your picture is gorgeous... Great mind do think alike..
Ann Hayden in rainy Wildwood, MO
Sandy - Nice butterfly picture! A nice transition symbol to showcase your improved sales numbers. Hopefully we are transitioning to better times!
Paul, It helps so much to see how the buyers in our area are paying for their purchases. A bit surprising today, isn't it - all the cash and conventional purchasers?
Mary, The market is picking up- and we absolutely LOVE that. It is a beautiful butterfly, isn't it? I followed this little guy for about 10 minutes to get the right picture.
Hey Ann, I'm with you - great minds think alike. Loved your picture!
Myrl, We are seeing better sales numbers in the under $200,000 price ranges. We love the fact that the market has been brisk.
Yes, Sandy,
Great minds do think alike....
Ann Hayden in Wildwood, MO