Housing Market Update January 2022 Brevard County and Cocoa Beach Florida

Housing market update January 2022 Brevard County and Cocoa Beach Florida

How’s the market??? 2022 is starting out with all indications it will be another record year with real estate sales here in Brevard County. Inventory is low. New property coming on the market is still trailing the numbers we saw in 2018 & 2019. Closings/sales are starting out similar to what we experienced in January 2021. You absolutely love this market if you are planning to sell a property and you are probably frustrated, tired, and angry if you are trying to buy a property in 2022.

Brevard County Market Stats January 2022

Active Inventory 914

Sold Property 1045

Month’s supply 0.87 months

Average sales price $360,179

Median sales price $308,430

List/Sale ratio 98%

Average price per square foot $205.71

Average days on market 22 DOM

Property selling in 7 days or less 539

Property selling over $1M 21

Highest sale price $3.7M river to river estate in South Merritt Island

Cocoa Beach and Cape Canaveral Florida

Condo Update January 2022

Active condos 40

Active price range $139K to $1.995M

Sold condos 54

Sold condo price range $115K to $850K

Month’s supply .81 months

Average sales price $345,845

Median sales price $305,000

Average price per SqFt $271.97

Average days on market 33 DOM

Condos selling under $200K 10

Best Selling complex The Villages of Seaport with 4 sales & Xanadu with 3 sales

Single Family Homes

Active homes 22

Price range of the active homes $449K to $3.2M

Sold homes 10

Sold home price range $405K to $1.799M

Months supply 2 months

Average sales price $699,690

Median sales price $525,000

Average price per SqFt $317.28

Average days on market 42 DOM

Homes selling under $500K 4

Homes selling over $1M 1

Since the active inventory for Brevard County has started out so low in 2022, it is a strong indicator that this will be a very hectic market. Homes are getting multiple offers on the first day on the market. Offers that are removing the inspection contingency or removing the finance clauses. If you are looking to move and are buying a property, we should talk to discuss a good strategy to help your offer get accepted. You can call or text Eric Larkin with Real Brokers at 321.795.1854 or contact me here https://cocoabeachinsider.com/contact/

If you are considering selling a property, you can get an idea of what the property can sell for here https://ericlarkin.chime.me/evaluation You can also call/text me directly at 321.795.1854

Questions about our real estate market or the area? Simply fill out the form 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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