Brevard, North Carolina
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General Information

Population:
  • City = 6,789
  • County = 29,334
  • 2000 2001 2002
    Homes Sold 323 370 370
    Total Sales $ 53.6 M 61.8 M 69.5 M
    Avg. Sale Price $166,092 $169,281 $187,986
    Total Listings
    (Mid-Year)
    282 251 270
    Lots/Land Sales 300 251 223
    Avg. Sale Price $68,089 $90,838 $80,820

    Average List vs. Sale Price

    around 95%
    Average Days on Market around 205 days


    Profile Of 324 Homes Sold During 1997

    54% are single-level 8% are condominiums
    30% are under 10 yrs. old 3% are new construction
    15% come with over 2 acres 16% are in Connestee Falls
    28% are priced under $100,000 32% sold above $150,000


    “Most Popular Home”


    “Split Plan Layout”


    Typical Buyer Closing Costs (Assumes $100,000 purchase price)

    Attorney Title Search $500-$1,000
    Title Insurance Policy $200 ($2 per $1000)
    General Home Inspection $200-$300 (optional)
    Survey (assume 1 acre) $250-$350 (optional)
    Pest Inspection $60
    Deed Registration $10
    Mortgage/Interest Rates 5 banks (competitive)


    New Home Construction (County-wide)

    1996 212 New Homes (26 in City)
    1994-1995 170-191 New Homes
    1990-1993 115-118 New Homes
    Avg. Value (reported by builders) of all (157) 1991 homes... $128,978. 1996 est.=$150,000
    Present custom building cost Modular: $85-95 per sq. ft. plus land/lot
    Custom: $100-120 per sq. ft. plus land/lot


    Note: This representation is based in whole or in part on data supplied by the Brevard Board of REALTORS or its Multiple Listing Service. Neither the Board nor its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market.


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