We are on the tail end of a pandemic that rattled the real estate market around the world. Thankfully Florida’s market, while slowed down, still saw impressive sales and listings numbers even with a more remote and hands-off approach to showings and tours. One of the most popular real estate markets in Florida during this time, and still going strong, is Brevard County.
What Makes the Brevard County Market So Hot?
When the initial lockdown hit, no one was sure how selling and buying homes would go. As such, listings for homes from single-family to luxury started to dwindle for the first few months of the pandemic. As safety measures were put in place and a better understanding of the situation came to light, more properties were able to be safely placed back on the market!
Even as new homes started being listed in Brevard County, getting back to normal wasn’t an option for the market. Construction cost increases made it a true seller’s market as the estimated 835 people coming into Florida each day were needing housing. With such crazy demand for each listing that popped up, prices in Brevard Country for single-family homes rose to over 35% compared to this time in 2019. Condos and some luxury homes saw increases as high as 70% over the same time period.
What This Means Going Forward
Lucrative areas such as the Space Coast are slowly seeing a rise in listings but the demand calls for a much more significant boost. Right now housing prices are getting higher and higher, creating one of the hottest real estate markets in Florida right here in Brevard County. Even narrowing the scope to current year-over-year prices, single-family homes are up 21.5%. Detailing this number shows that even amidst the pandemic, the market was steadily rising.
If you haven’t made the decision to get your slice of Florida’s hottest real estate, we encourage to do so before it’s too late. The winter months are coming which typically means a lull in real estate but Florida has been staying strong throughout the year so don’t hesitate to get started with Florida’s premier team of real estate experts.
The David Curri Team Serving Brevard County
The realtors at David Curri is what makes buying a home in Florida one of the simplest experiences possible. Created by local real estate veteran Dave Curri, each member of the company is committed to taking the time to know each and every client to find out their housing needs and preferred budget. Using this, they find the top listings around and sometimes even hidden gems that are ripe to be swept up by a lucky buyer.
We work with all styles of real estate, from cozy single-family homes perfect to raise the little ones to luxury property right in the heart of Space Coast to live the lavish life you’ve always wanted. Don’t hesitate to give us a call today as our real estate professionals are waiting to find you your forever home.