The taxable value of property went from $20 billion in 2002 to $40 billion in 2007. In 2009 the bubble burst and a rapid descent to $24 billion was experienced. in 2017, the value rose to $35 billion. The last figure includes new construction.
Inc. magazine selected two local small companies as among the fastest growing in the country over the past three years – Applied Global Technology (nearly 100% annually) and Stops (nearly 200% annually).
Real estate in the county also resides on what is called the Space Coast. In fact, homes put residents in close proximity to inspiring and renowned Cape Canaveral, with Kennedy Space Center as the centerpiece. The County also encompasses a focus on high-tech research and vacationing interests.
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According to 2007 health risk data from the Centers for Disease Control and Prevention, Brevard County (Palm Bay-Melbourne-Titusville MSA) is tied for fourth highest among all Micro- and Metropolitan Statistical Areas in percentage of heavy drinkers.
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The National Association of Realtors (NAR) has set policies that permit brokers to show limited MLS information on their websites under a system known as IDX or Internet Data Exchange. NAR has an ownership interest in Move Inc., the company which operates a website that has been given exclusive rights to display significant MLS information.
Brevard County is a county in the U.S. state of Florida. As of the 2010 census, the population was 543,376, making it the 10th largest county in Florida. The official county seat has been located in Titusville since 1894. Brevard County comprises the Palm Bay–Melbourne–Titusville, FL Metropolitan Statistical Area. It is located along the east Florida coast along the Atlantic Ocean.
In North America, the MLS systems are governed by private entities, and the rules are set by those entities with no state or federal oversight, beyond any individual state rules regarding real estate. MLS systems set their own rules for membership, access, and sharing of information, but are subject to nationwide rules laid down by NAR or CREA. An MLS may be owned and operated by a real estate company, a county or regional real estate board of realtors or association of realtors, or by a trade association. Membership in the MLS is not required for the practice of real estate brokerage.
Brevard has five judged art festivals annually attracting tens of thousands of people to art displays. Most festivals are held in the spring or fall when many tourists can attend. Many other annual festivals are held in parks and public sites throughout the year. The Brevard Cultural Alliance (BCA) maintains an event calendar and a map of sites of historic, cultural, and ecological interest.
The United States Office of Management and Budget has designated Brevard County as the Palm Bay-Melbourne-Titusville, FL Metropolitan Statistical Area. The United States Census Bureau ranked the Palm Bay-Melbourne-Titusville, FL Metropolitan Statistical Area as the 98th most populous metropolitan statistical area and the 96th most populous primary statistical area of the United States as of 1 July 2012.
The county has centralized most county and circuit courts in Viera which try a variety of cases including felonies, misdemeanors, traffic, and domestic. The courthouse in Titusville provides the venue for circuit and county cases arising in the north part of the county while the courthouse in Melbourne is the venue for county cases arising in the southern portion of the county. An elected State Attorney prosecutes criminal cases for the State of Florida. Indigent defendants can be represented by the office of the elected Public Defender. The 18th Circuit Court includes Seminole County as well as Brevard and covers not only the court itself but the State Attorney and the Public Defender. In 2008, the public defender had a staff of 45 lawyers in Brevard who handled about 24,000 cases annually.
Subscribing to your favorite Homes & Land eMagazine has also never been easier! You can now subscribe to the Homes & Land magazine available in your preferred area and be the first to browse the newest issue. From within the magazine, you can also click to contact top real estate agents in the area that will answer your questions about the listings or the local housing market.
On the east coast of the state, mangroves have normally dominated the coast from Cocoa Beach southward. Northward these may compete with salt marshes moving in from the north, depending on the annual weather conditions.
Err on the side of being pushy and tenacious, even if that isn’t your normal style. That way if the initial sale does fall through, you’ll be the obvious next bid. Be available for phone calls, check your email, and follow up with your agent often.
The United States Board on Geographic Names is considering two proposals to officially name the barrier island extending from Port Canaveral to Sebastian Inlet. The 45-mile-long (72 km) island includes the cities of Cape Canaveral, Cocoa Beach, Indialantic, Melbourne Beach, Patrick Air Force Base, Indian Harbour Beach, and Satellite Beach. The American Indian Association of Florida submitted in October 2011 a proposal to name the island after the Ais people. The United Third Bridge and the Florida Puerto Rican/Hispanic Chamber of Commerce in Melbourne submitted in January 2012 a proposal to name the island after Juan Ponce de León. The Board of Geographic Names usually takes at least eight months to decide on a new name for a geographical feature.
In 2007, Space Coast Credit Union was the largest locally based financial institution in Brevard County and the third largest credit union in the state of Florida, with assets of over $3 billion.
In 2008, there were 1,550 permits for residential projects valued at $355.45 million. That is the lowest number of filings since 1975. The lowest number of building permits was in 2009, 937. The highest was in 2005, 8,663.
Real estate appears in several delightful markets. These include Melbourne FL homes, West Melbourne homes, Viera homes, and Rockledge homes. Brevard County FL homes for sale in these communities come beautifully wrapped in great values, styles and floor plans. They offer especially pleasant surprises in relaxed coastal living. Homes for sale in the county attract young and old, singles and families of every size.
The Space Coast has a number of museums from the rocket exhibitions at the Kennedy Space Center Visitor Complex and the Air Force Space & Missile Museum, to local museums and others of unique character, such as the American Police Hall of Fame & Museum.
In 2007, the real estate brokerage Realtysellers shut down after alleging that the CREA and Toronto Real Estate Board (TREB) had modified their rules to hinder flat-fee MLS services on behalf of those selling houses themselves. In 2010, the CREA settled with the Competition Bureau, and agreed to allow flat-fee listings. However, some real estate boards continued to bar the practice, citing interpretations of provincial laws requiring those trading in real estate to be licensed. Flat-free providers disputed the argument, claiming that their services were no different than posting listings on classifieds, and that they were not necessarily trading. In 2015, the Competition Bureau began a federal case against the TREB by Realitysellers
Monthly foreclosures exceeded 746 from January 2009 through October. Maximum monthly home sales were less than 584 during that time frame, creating an accumulating backlog of unsold homes. In 2010, there were 15,000 more vacant homes than the economy could absorb; the population was not growing.
The county had 1,050 restaurants in 2007 and nearly that many (1,040) in 2010. There were 22,600 leisure and hospitality workers in the county in 2006. This figure includes hotel workers. That figure had dropped 8.5% to 20,700 in 2010.