Brevard County Market Update as of March 23, 2020

Dated: March 27 2020

Views: 572

While the stock market has made a strong rally in the wake of the uncertainty of the impact of the coronavirus and oil taking a hit as millions are ordered to stay home and practice Social Distancing, real estate seems to be a safe haven for parking your money during these turbulent times. 

 

Interest rates for mortgages are at an all-time low, and people still need a place to call home. We are seeing a fair amount of activity in our marketplace and multiple offers on homes priced right and fully remodeled in good school districts.

 

Here are the numbers for homes in the Space Coast MLS from

March 1, 2020, to March 23, 2020

 

Homes in Brevard County that are ACTIVE as of March 1, 2020:

 

Single Family Detached Homes:      2018

 

Townhomes:                                        188

 

Condominiums:                                   572

 

Half Duplex:                                           42

 

Total Homes Active:                          2820

 

Homes that are “Coming Soon”: Defined as homes listed and being prepared for showing and will hit the market within 21 days of listing.

 

Single Family Detached Home:        42

 

Townhomes:                                           1

 

Condominums:                                       8

 

Half Duplex:                                            0

 

Total Coming Soon:                            51

 

Homes in Brevard County that have gone under contract: 

Single Family Detached Homes:      1686

Townhomes:                                            142

Condominiums:                                      270

Half Duplex:                                               22

Total under contract:                        2121

 

Homes that have closed in Brevard County

These numbers are from March 1, 2020,  the average closing is 30 days

 

Single Family Detached Homes:      578

 

Townhomes:                                            53

 

Condominium:                                     134

 

Half Duplex:                                            10

 

Total Closed:                                        775    

 

We are actively helping our clients find and secure their new homes and new home investments by providing up to date, accurate listing information, and school information. 

 

If you would like a free relocation report please text/talk to me at 321.412.5658.

 

Looking for a new home? Search the MLS directly at www.BeachsideDreamTeam.com

 

Home values are up, for a quick instant home value click www.BeachsideDreamTeam.com

then click on SELL and a window will open for a quick no hassle home valuation.

 

My new book is out, "Secrets Every Home Seller Needs to Know" by Terry Theodorou, they are going fast and supply is limited, please call me to secure a copy.

 

Thank you and we wish you good health.

 

Terry Theodorou

Florida Coastal Homes by Terry Theodorou & the Beachside Dream Team at eXp Realty

Direct 321.412.5658

Terry.Theodorou@gmail.com

Looking for a new home? Search the MLS directly at www.BeachsideDreamTeam.com

Home values are up, for a quick instant home value click www.BeachsideDreamTeam.com

then click on SELL and a window will open for a quick no hassle home valuation.

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Team Theodorou Home Selling System and the Team Theodorou VIP Homebuyers System proudly serve the Cocoa Beach, Satellite Beach, Indian Harbour Beach, Indialantic, Melbourne, Melbourne Beach, Suntree, Rockledge, Viera, Palm Bay & Titusville areas. You're just a phone call away from finding your new home! 

Call Terry and start packing today at 321-412-5658

 

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Terry Theodorou

Team Theodorou provides personalized service & professional results. You are the reason we are in business and we are your boots on the ground to make the process of selling or buying a home as stres....

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