DECEMBER Home of the CLHMS
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BREVARD COUNTY F LO RI D A www.LuxuryHomeMarketing.com
2023
BREVARD COUNTY
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | NOVEMBER 2023 Inventory
Sales
Luxury Benchmark Price 1: $610,000 $1,790,000+
60
6
$1,590,000 - $1,789,999 $1,390,000 - $1,589,999
17
2
24
5
26
2
$790,000 - $839,999
21
4
23
11
52
8 41
11
$610,000 - $639,999
1
28
11
$700,000 - $729,999
$640,000 - $669,999
39
9
$730,000 - $759,999
$670,000 - $699,999
Total Sales Ratio2: 25%
35
11
$890,000 - $939,999
$760,000 - $789,999
Seller's Market
20
6
$990,000 - $1,189,999
$840,000 - $889,999
Total Sales: 113
21
4
$1,190,000 - $1,389,999
$940,000 - $989,999
Total Inventory: 455
12
3
36
20
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,999
$696,250
3
2
20
75
27%
2,000 - 2,499
$715,000
4
3
37
103
36%
2,500 - 2,999
$739,000
4
3
25
115
22%
3,000 - 3,499
$812,720
4
4
13
73
18%
3,500 - 3,999
$1,135,132
5
5
12
38
32%
4,000+
$1,773,000
5
5
6
51
12%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
BREVARD COUNTY
SINGLE - FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4 Median Sales Price
$755,000
331
$725,000
$735,138
342
329
$776,250
$735,000
287
283
59
87
56
80
Nov-22
Dec-22
Jan-23
Feb-23
Inventory
Solds
$777,900
$775,000
$760,000
$768,000
281
313
325
316
$800,000
419
406
113
141
134
143
Mar-23
Apr-23
May-23
Jun-23
122
Jul-23
$753,889
$750,000
$750,000
463
455
121
112
101
113
Aug-23
Sep-23
Oct-23
Nov-23
MEDIAN DATA REVIEW | NOVEMBER TOTAL INVENTORY Nov. 2022
Nov. 2023
331
TOTAL SOLDS Nov. 2022
Nov. 2023
455 VARIANCE: 37 %
113 VARIANCE: 92 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
Nov. 2022
$
Nov. 2023
291
312 VARIANCE: 7 % $
59
Nov. 2022
Nov. 2023
98.07% 98.08% VARIANCE: 0 %
SALES PRICE Nov. 2022
$
755k
Nov. 2023
750k VARIANCE: -1 % $
DAYS ON MARKET Nov. 2022
Nov. 2023
24
23 VARIANCE: -4 %
BREVARD COUNTY MARKET SUMMARY | NOVEMBER 2023 • The Brevard County single-family luxury market is a Seller's Market with a 25% Sales Ratio. • Homes sold for a median of 98.08% of list price in November 2023. • The most active price band is $610,000-$639,999, where the sales ratio is 56%. • The median luxury sales price for single-family homes is $750,000. • The median days on market for November 2023 was 23 days, down from 24 in November 2022.
Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3
BREVARD COUNTY
ATTACHED HOMES
LUXURY INVENTORY VS. SALES | NOVEMBER 2023 Inventory
Sales
Luxury Benchmark Price 1: $535,000 $1,700,000+ $1,500,000 - $1,699,999 $1,300,000 - $1,499,999
7
0
$850,000 - $899,999
6
0 1
1
2 10
0 2
3 19
2
$700,000 - $749,999
$535,000 - $599,999
12
1
$750,000 - $799,999
$600,000 - $649,999
Total Sales Ratio2: 11%
5
$800,000 - $849,999
$650,000 - $699,999
Buyer's Market
8
0
$900,000 - $949,999
Total Sales: 24
18
2
$1,000,000 - $1,099,999 $950,000 - $999,999
Total Inventory: 218
0
$1,200,000 - $1,299,999 $1,100,000 - $1,199,999
9
1
11
1
27
0 21
3
61
10
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,499
$605,000
2
2
6
54
11%
1,500 - 1,999
$580,000
3
2
8
55
15%
2,000 - 2,499
$785,000
3
3
7
74
9%
2,500 - 2,999
$898,750
3
4
2
20
10%
3,000 - 3,499
NA
NA
NA
0
6
0%
3,500+
$2,000,000
5
5
1
9
11%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
BREVARD COUNTY
ATTACHED HOMES
13 - MONTH LUXURY MARKET TREND 4 Sale Price
$844,900
169
162
41
24
Nov-22
Dec-22
Solds
$824,950
$697,000
150
Inventory
$675,000
$691,175
$694,000
173
167
158
$655,000
167
$696,750
167
$649,950
$670,000
188
167
$723,000
$693,000
197
211
$640,000
218
24
34
29
30
38
38
28
32
30
33
24
Jan-23
Feb-23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
MEDIAN DATA REVIEW | NOVEMBER TOTAL INVENTORY Nov. 2022
Nov. 2023
150
218 VARIANCE: 45 %
SALE PRICE PER SQFT. Nov. 2022
Nov. 2023
421
$
418 VARIANCE: -1 % $
TOTAL SOLDS Nov. 2022
Nov. 2023
24
24 VARIANCE: 0 %
SALE TO LIST PRICE RATIO Nov. 2022
Nov. 2023
95.77% 95.95% VARIANCE: 0 %
SALES PRICE Nov. 2022
Nov. 2023
697k
$
$
640k VARIANCE: -8 %
DAYS ON MARKET Nov. 2022
Nov. 2023
21
40 VARIANCE: 90 %
BREVARD COUNTY MARKET SUMMARY | NOVEMBER 2023 • The Brevard County attached luxury market is a Buyer's Market with a 11% Sales Ratio. • Homes sold for a median of 95.95% of list price in November 2023. • The most active price band is $900,000-$949,999, where the sales ratio is 200%. • The median luxury sales price for attached homes is $640,000. • The median days on market for November 2023 was 40 days, up from 21 in November 2022.
Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3