End of the year market trends for Brevard County 2009

I am pleased to provide you with our updated Brevard County Market Trends through November 2009.

• Our most recent market statistics are showing a seasonal softening of the market, which we anticipate will begin firming up in the first quarter of 2010.

• Single family home sales have remained fairly consistent for the past four months.

• Condominium sales are down for the first time since February 2009, which may be a result of the increased number of distressed condominiums that have been sold in recent months.

• New single family listings entering the market are at their lowest number (921) of the year.

• Distressed sales increased 7% over October with a dramatic increase in bank-owned properties from 14% to 20%.

• One of the most positive trends that has been consistent through the year is the number of $1 million plus sales.

• Overall, Brevard County is remaining consistent with Orange and Seminole Counties with a 60 month inventory supply.

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About the author:

Kyle Hogan is full time Realtor, Broker Associate and Sales Executive at Keller Williams Realty of Brevard. Kyle has used his knowledge of customer relations, excellent sales skills and phenomenal marketing abilities to become a respected and recognized name in the competitive Brevard Real Estate market.


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