Keith Carroll
Coldwell Banker Realty

About Brevard County - Florida's Space Coast

Located on Central Florida's east coast, Brevard County, features 72 miles of beautiful beaches, and just as many miles of Intracoastal waterways. It is home to more than a half a million residents who enjoy living in a community perfectly suited for their varied lifestyles. Brevard is a great place to live, work, and play.

Real Estate Market:

         Brevard County Single-Family Report for June 2021:
 
  • Closed Sales are up +11.2% for June 2021 in which the number of units closed was 1,168 compared to 1,050 in June 2020, with an increase in cash sales of +68%.
  • New Pending Sales are down -19.3% and New Listings are up +23.7%.
  • The Median Sales Price for Brevard Single Family homes is up +20.9% to $314,250 compared to a year ago, which was $260,000.
  • Months Supply of Inventory is down -57.1% to 0.9 months, a decrease from 2.1 months in June 2020.
  • Traditional Sales are up +12.8%, with a median sales price of $315,000.
  • Foreclosure/REO Sales are down -58.8%, with 7 closed sales and a median sales price of $201,000.
  • Short Sale Closings are down -100% with 0 closed sales in June 2021 and 4 Closed sales in June 2020.

 Brevard County's Low inventory of homes and low interest rates, continue to drive market prices up. Multiple offers on properties are common, and many buyers are going over asking price to secure properties.

Shopping, Entertainment, and Leisure: 

Brevard features premier entertainment and shopping destinations like Historic Downtown areas in Melbourne, Cocoa Village, and Titusville; Eau Gallie Arts District; King Center for the Performing Arts; 2 open-air shopping and dining venues: Hammock Landing in Palm Bay and the Avenues of Viera.  US192 and SR520 stretch from 1-95 to the beaches, and are populated with numerous restaurants and retailers, including two indoor shopping malls - Melbourne Square Mall and Merritt Square Mall.

In addition to 72 miles of beach and miles of waterways, Brevard has 30 golf courses, 108 parks, numerous sports and boating facilities, 17,000+ acres of environmentally endangered lands, sanctuaries, and conservation areas to enjoy. With the average temperature in the mid-70's, outdoor activities can be enjoyed year-round.

 

Business Community:

Brevard County is home to many global high tech companies such as Harris Corporation, Northrup Grumman, and Rockwell Collins. The aerospace industry is a key component of the local economy both within the space program and elsewhere. Although NASA retired the space shuttle, there continues to be a busy schedule of unmanned Atlas and Delta rocket launches.

Officials are touting that Northrup Grumman’s newest multi-billion-dollar bomber contract in Melbourne is one of the Space Coast's biggest-ever economic development projects. The project is estimated to bring in 1,900 jobs.

Source: Rick Neale, Florida Today, May, 11, 2016

Brevard is also recognized for its other business sectors, including clean air manufacturing, transportation, defense, retail, sports and leisure, hospitality, construction, education, real estate, health care and financial services. One example is Port Canaveral, the 2nd busiest cruise port in the world. It features seven cruise lines, and six major cruise terminals, as well as, being a deep-water seaport, with cargo services.  

 Education:

K -12:  Award-winning Brevard Public Schools and a variety of private schools. Post-secondary:  Florida Institute of Technology, Eastern Florida State College, University of Central Florida (satellite campuses in Brevard), Keiser College, Everest University, Webster University, and others.