Here are the facts according to the MLS. In general available properties for sale have decreased over 20% from this time last year. The number of closed residential sales increased 7.93% and closed condo sales increased 19.45% over last year.
This increase in closed sales and low inventory is now affecting sales prices. The average residential sales price increased 4.97% and 11.35% for condos.
We are seeing much more demand for condos along the beach especially in Cocoa Beach and Cape Canaveral. 2nd homeowners are finding good deals that allow them to rent their condo weekly/monthly and receive a good return on their investment. The best part is they now own a piece of Florida paradise!
If you are looking for a Realtor contact the McCoy-Freeman Group RE/MAX Elite, we have closed over $150 Million and have the experience/market knowledge to assist anyone.
