Monday, July 7, 2014

Distressed sales still happen but not as often in Brevard County, Florida

There are still some distressed sales in Brevard County, Florida.  In June 2014 about 70% of all single family homes sold were standard sales (approximately 550 of 800 sales).  But the 30% of distressed sales is different than years gone by as about 25% were foreclosures.  This is consistent with May 2014 when standard sales were about 75% of single family home sales and foreclosures were about 23% of the sales.

The below graphic shows the trend since 2008 in Brevard County, Florida.

For information on homes for sale in Melbourne, Florida call me at 321-693-3850 or send me an email.