Housing Market Update November 2021

Housing Market Update November 2021 Brevard County and Cocoa Beach Florida

How’s the market? Usually, November through January things slow down some and inventory grows just a little. We aren’t seeing that yet. Year-to-date sales in the county are ahead of all of 2020 (which was our best year for real estate sales). Inventory is trending down again. This is an indicator that the low inventory levels and high demand will be here after the new year.

Sales Activity for Brevard County 2019-2021

Here is a breakdown of the sales for Brevard County

Active inventory 1216

Sold property 1287

Months Supply 0.94 (less than 1 month)

Average Price $360,371

Median Price $305,000

List/Sale ratio 96%

Days On Market 20.67 DOM

Property selling in less than 7 days 684

Property selling in less than 30 days 1017

Property selling over $1M 36

Highest price sale $3M Melbourne Beach Ocean Front Home

Home sales under $200K 73

Most Sales Palm Bay 291

Best Selling Zip 32940 104

Average age/year built 31 years or 1990

Average size 1722

Average price per SqFt $ 204.66

Cocoa Beach & Cape Canaveral

Condos

Active inventory 66

Sold condos 44

Months supply 1.5 months

Average Price $371,724

Median Price $330,000

Average price per square foot $277.17 SqFt

Days On Market 27.52

Condos selling under $200K 9

Best selling complex 3 way tie with 3 sales each

Royal Mansion $310K-$435K

Villages of Seaport $195K-$330K

Xanadu $480K-$1.6M

Best Selling Condo Complex November 2021

Single Family Homes

Active inventory 26

Sold homes 12

Months supply 1.33 months

Average Price $882,033

Median Price $600,000

Average price per square foot $371.71SqFt

Days On Market 39.67

Homes selling under $500K 1

Homes selling over $1M 4

Home sales in Cocoa Beach over $1M November 2021

Questions about our real estate market? Planning a move in the near future? I am certain you have questions & I am happy to help. You can call or text Eric Larkin with Real Brokers at 321-795-1854 or leave a message below.

Eric Larkin is a Broker Associate with Real Broker, LLC. He lives, works, and plays in the Cocoa Beach area. If you have questions about moving or relocating to Cocoa Beach and the Space Coast, let me know! I get calls, texts, direct messages & comments on my posts every day about the real estate market and things that are happening in Cocoa Beach and the Space Coast that I love answering. Ask me your questions on moving, relocating here, or anything about the community. I am here to help. I have been helping buyers and sellers with their real estate needs since becoming a real estate agent in 2003. My focus is always on helping, answering your questions, and doing everything possible to make certain you have a smooth transaction from beginning to end.

What questions do you have about buying or selling a home? Contact Me

Call/Text 321-795-1854

Email Eric@EricLarkin.com

Social links are below if you want to send a DM or connect there

Cocoa Beach Insider

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