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Yes, it's true what you are reading in the news. It is currently a Seller's market, and we've been very busy here at CENTURY 21 Ocean listing new properties and putting them under contract quickly. See below for more updates on some of the trends we are seeing. We aren't sure what the real estate market will look like for the long term and if the growth of aerospace industries and population growth in a coastal, mountain, and rural areas will offset a downturn when we do eventually see one. Of note from economist Lawrence Yun whom I respect: "New listings and new-home construction are urgently needed. Home-buyers want to lock in record-low mortgage rates. They know that in five years or so, consumer prices could accelerate due to the government's massive "printing" of money. Higher prices for food, tuition, heal care, rents, and real estate are inevitable. The only significant expenses holding steady are fixed-rate mortgage payments."

-Barbara Schluraff, Owner/Broker

pent-up demand for homes
 
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Defying Mediocrity &

Delivering Extraordinary Experiences

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Did you know that there are more human slaves now than at any time in recorded history? I will be doing a 3-day 39-mile hike at the beginning of August in the in the Chugach State Park of Alaska, outside of Anchorage. We will pack in all supplies (including bear spray ~ eeeeek!), staying in cabins at night along the trail. Chugach State Park covers nearly a half-million acres and has multiple access points from Girdwood to Chugiak. Human trafficking is the fastest-growing criminal enterprise in the world, and we are determined to do something about it! I hope you will consider supporting us as we come together and hike for FREEDOM! We are partnering with Rescue Freedom International because we love the work they are doing around the world to bring hope and healing to those in slavery. We have the gift of living free and want to use that gift to set people free! We are doing what we love, to fight what we hate.

-Barbara Schluraff

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What Will Homes Look Like In A Post-pandemic World?

A lot has changed in just a few months, and for many that includes the idea of what a 'dream home' looks like. Not long ago, buyers were showing preference toward smaller homes and open concept spaces conducive to gathering. After a few months cooped up inside, those features don't seem so appealing - and developers have taken note. "While the coronavirus still rages on, it's hard to predict what post-pandemic abodes might look like," according to Barrons.

"Yet, developers around the U.S. are already rethinking projects, anticipating residents' needs and preferences that Covid-19 would spur. In doing so, they are re-evaluating current in-unit aesthetics and in-demand amenities."

 

Here are just a few areas of home design where trends may shift in the coming years:

Home size:

Homes had been trending smaller, but that may be over. With so many families spending (way) more time around the home lately, there's never been more need for personal space. Expect homes to grow in size accordingly.

Prioritizing the home office:

As more and more businesses relax work-from-home policies, or shift to full-time remote work entirely, the home office will become a near-essential for many buyers. A space that was once an after-thought now will need to offer privacy, good lighting and be pre-wired for telecommuting.

Return to the closed-floor plan:

For some buyers, the appeal of the open-floor plan was already trending down prior to 2020, and the past few months have only made the reasons why more evident. Sharing more time and space at home demands privacy for school work, hobbies, and entertainment. With more meals being cooked at home, an open concept kitchen becomes noisy epicenter practically all day long. Builders expect a rise in demand for closed floor plans, where rooms are partitioned for purpose.

Smart technology:

This is already one of the fastest growing trends in home design, but smart home technology will soon move from a 'plus' to a 'must'. Temperature and lighting control can now be voice or motion-activated. Touch-less faucets, once thought superfluous, are now an inexpensive and health-conscious upgrade. Systems that filter air and monitor air quality will become more common and affordable.

 
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CENTURY 21 Ocean is proud to announce that Barbara Schluraff is one of Dave Ramsey's Endorsed Local Providers!

 
 
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Click the

photos below

for more info!

 
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A quick recap of the Brevard County Residential Report for

June 2020:

  • Closed Sales are up +13.6% for June 2020 in which the number of units closed was 1,050 compared to 924 in June 2019, with a decrease in cash sales of -1.7% compared to June 2019.
  • New Pending Sales are up +30.6% and New Listings are down -2.8%.
  • The Median Sales Price for Brevard Single Family homes is up +4.8% to $260,000 compared to a year ago, which was $248,000.
  • Months Supply of Inventory is down -27.6% to 2.1 months, a decrease from 2.9 months in June 2019.
  • Traditional Sales are up +12.6%, with a median sales price of $262,750.
  • Foreclosure/REO Sales are up +88.9%, with 17 sales and a median sales price of $157,500.
  • Short Sale Closings are up +300.0% with 4 closed sales in June 2020 compared to 1 closed sale in June 2019.
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A quick recap of the Brevard County Townhouses/Condos for

June 2020:

  • Closed Sales are down -3.3% for June 2020 in which the number of units closed was 231 compared to 239 in June 2019, with a increase in cash sales of +15.0% compared to June 2019.
  • New Pending Sales are up +11.1% and New Listings are down -22.8%.
  • Median Sales Price for Townhomes/Condos is up +8.8% to $217,500 compared to a year ago, which was $200,000.
  • Months Supply of Inventory is down -20.5% to 3.1 months in June 2020 from 3.9 months in June 2019.
  • Traditional Sales are down -1.7%, with a median sales price of $217,500.
  • Foreclosure/REO Sales are down -100.0%, with 0 sales and a median sales price of $0.
  • Short Sale Closings are down -100.0% with 0 closed sales in June 2020 compared to 1 closed sale in June 2019.
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We're taking a different approach to buying and selling Real Estate in Brevard County …….and people are noticing!!!!

CLICK TO READ MORE ABOUT Building & Supporting an All-Star Real Estate Team

 
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As trained real estate professionals, we can help you get the results you want. From the very beginning, we will work together to define your needs and develop a plan for achieving your real estate goals. Throughout the process, we’ll keep those goals and your best interests in mind, and we’ll work hard to make sure all of your expectations are met. We won’t give up until the job is done to your satisfaction. When we work together, you can expect nothing less than the best. We have a history of satisfied customers, and I hope you’ll be next.

Give us a call today if you’re ready to get started.

 
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Our wide range of Brevard homes for sale go from beachfront, to riverfront, to condos, and more. Search our featured properties below for detailed listings in each Brevard County Community.

F E A T U R E D
 

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Profile Image Barbara Schluraff
Brevard By The Sea Group | CENTURY 21 Ocean
Barbara Schluraff | Broker
barbara@c21ocean.com
(321) 323-1212 - Work
www.century21ocean.com

Please feel free to call us at 321.323.1212 or email us at sales@c21ocean.com if you have any questions or are looking for a specific market report.

We have years of experience, and are here to assist you.

We look forward to hearing from you!

 

© 2020 Century 21 Real Estate LLC. CENTURY 21® and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. Equal Housing Opportunity. Each office is independently owned and operated.