We have been in a Sellers market for some time here in Brevard County, so low inventory isn’t really a new topic. Our inventory has been around 3 months supply for the last 5 years and we just dropped below a 2 month supply. You need to have a good plan in order to compete in this kind of Sellers market. Here are 5 things you need to do to have better success buying. … More Real Estate Market Update Q2 2020
Our local real estate market is doing really well in spite of all the things happening in our country and the world. Here is a look at our real estate market during the month of May 2020. … More Real Estate Update May 2020
Condo sales are what dominate the real estate market in the Cocoa Beach area. In May, however; the single-family home sales were something to talk about. The last few years, we have not sold more than 20 homes in any given month. … More Cocoa Beach Market Update May 2019
The active inventory for a single-family home in the Cocoa Beach area is also pretty close to last years inventory selection. We have 62 homes for sale ranging from $198,500 for a 3 bedroom handyman special in Cocoa Beach to a $4,500,000 oceanfront home … More Cocoa Beach Market Update April 2019
Since most of the sales in our beachside community are condos, let’s start there. As of April 1st, we have 266 active condos for sale. The inventory is up 15% from the same time last year. Sales for the first quarter are… … More Cocoa Beach Real Estate Sales 2019 1st Quarter
2018.5 We are halfway through the year…what trends are popping up in the real estate market? A picture is worth a thousand words and these graphs say a lot. … More 2018.5 Mid Year Market Update
However, inventory is still accumulating, new listings coming on the market are up over 7% compared to last year (9,132 in 2018 vs 8,529 in 2017). The selection of properties on the market is on the rise. … More What is starting to take off in real estate? May 2018 market update
I believe the activity we are having in the Brevard County real estate market is good but there are 2 numbers I am a little concerned with. The first is our inventory. The inventory jumped from the 3100 level from 2017 to almost 3400 in the first few months of 2018. Our new homes on the market are also increasing. … More Real Estate Market Update April 2018
If you think real estate sales is a hot market now…you should see what is happening with the rental market in the Cocoa Beach area and throughout Brevard County. Low or no inventory. Multiple applications being submitted on homes. The laws of supply and demand are taking effect. Rent prices are taking off. … More Why are rent prices so high?
You have heard me say it before, the most asked question any realtor hears is “How’s the market?” What I have been hearing lately isn’t really a question, but more of a statement “I hear the market is going to crash.” … More You heard the market is going to crash?