Statewide Florida’s housing market once again produced higher pending sales, higher median prices and lower inventory levels of homes for sale in September. “The onward march of Florida's housing market continues,” said Florida Realtors Chief Economist Dr. John Tuccillo. “Inventories have now tilted to the point where we truly have a sellers’ market forming. Prices [...]
The Florida real estate market is changing as I have said too many times before. There are more closed sales, pending sales are up and in general inventory is down across Florida according to the latest housing data released by Florida Realtors. The statewide median for townhome-condo properties was $102,980, up 13.2 percent over the [...]
Here are the facts according to the MLS. In general available properties for sale have decreased over 20% from this time last year. The number of closed residential sales increased 7.93% and closed condo sales increased 19.45% over last year. This increase in closed sales and low inventory is now affecting sales prices. The average [...]
In general, sales are still up while listing inventory is down. According to Brevard MLS, single-family homes sold in Cape Canaveral and Cocoa Beach increased 45% over last year. Condo sales were up over 12% while condos listed over $250,000 were down 13.6%. Looking at these numbers indicated things are not so bad beach side. [...]
The Cocoa Beach Luxury Market continues to improve in the popular Meridian. The last three sales were all on the 2nd living floor in the 6131 Building and all three were furnished nice. Unit 102 Sold 3/5/10 for $550,000, Unit 104 Sold 5/27/10 for $552,500 and Unit 105 Sold 9/10/10 for $554,000 which we represented [...]
Florida Realtors have reported a 63 percent increase of statewide existing condo sales in March compared to the previous year's sales figure. Statewide year-to-year comparison shows 7,148 units sold in March 2010 compared to 4,387 sold the same time last year. Even though the statewide median sales price was $96,000, down from the year-ago figure, [...]
With the overall inventory down and closed sales on the rise, I wanted to take a closer look at the luxury condo market above $500,000 in Cocoa Beach & Cape Canaveral Florida. This sector is doing well with inventory that continues to decline and closed sales that continue to increase. 90 - Available condos for [...]
