2018 Indian River County & Brevard Mid-Year Real Estate
M arket R eport
PA R A D I S E
Waterfront Homes in Sebastian Proving Alluring to Luxury Buyers
Sebastian Mid-Year M arket R eport The housing market in Sebastian, while increasing in price by 7%, is still a very affordable community for growing families and those looking to purchase their own piece of paradise. Buyers love Sebastian for its friendly small town feeling and great community values. While the average home price is still only $224,042, buyers that used to be able to find homes under $200K are having a harder time with sales down 11% under $100k and 6.3% under $250k. Equity and value are driving factors in the Sebastian housing market with the biggest movement in overall sales, inventory, and price in the $250k-$500k market segment. Sellers are regaining enough equity to make it attractive to think about upsizing to luxury waterfront or downsizing to fit their new life needs. Sellers trying to price too aggressively at the higher
end of the market (over $500k) might want to be cautious due to a slight price adjustment of -5.0%. So the mixed message is, buyers in the lower end market need to act quickly and bid aggressively or risk missing out. In the mid and upper end markets, there is a selection for buyers, and while prices are slowly increasing, sellers need to look closely at the competition and price their homes appropriately. If you would like to find the right price for your home in today’s changing maket, contact Susan Maitner at 772-9130222.With eleven offices covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise is the largest full service real estate company in the area.
Price Point
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
Under
2018
10
2
1.2
$77,730
$100,000
2017
18
1
0.3
$73,438
Change
-44.4%
100%
300%
+6.0%
$100,000 to
2018
291
94
1.9
$190,314
$250,000
2017
323
100
1.9
$185,218
Change
-9.9%
-6.0%
+4.3%
+3.0%
$250,000-
2018
100
86
5.2
$303,349
$500,000
2017
77
47
3.7
$293,761
Change
+29.9%
+83%
+40.9%
+3.0%
Over
2018
8
21
15.8
$642,500
$500,000
2017
5
20
24.0
$885,500
Change
+60.0%
+5.0%
-34.2%
-27.0%
2018
409
203
3.0
$224,042.97
2017
423
168
2.4
$208,497.39
Change
-3.3%
+20.8%
+25%
+7.0%
Total
Susan Maitner Is the #1 Real Estate Agent in Sebastian River | Micco | Grant for having the most sales of waterfront properties - $11M+ since 2012
Susan’s SOLDListings
$340,000 12985 83RD AVE, SEBASTIAN 32958
$340,000 LITTLE HOLLYWOOD 9828 RIVERVIEW DRIVE, MICCO 32976
$502,500 LITTLE HOLLYWOOD 9824 RIVERVIEW DRIVE, MICCO 32976
$550,000 SAN SEBASTIAN SPRINGS 625 FISCHER HAMMOCK RD, SEBASTIAN 32958
$326,000 COLLIER CREEK 726 EASY ST, SEBASTIAN 32958
$419,500 9981 SEBASTIAN RIVER DR, MICCO 32976
Susan’s SOLD Listings
$255,000 RIVER RUN 6025 RIVER RUN DR, #6025, SEBASTIAN 32958
$650,000 13380 OLD DIXIE HIGHWAY, SEBASTIAN 32958
$625,000 9582 TORTOISE LN, MICCO 32976
$665,000 9590 TORTOISE LN, MICCO 32976
$306,000 RIVERVIEW TERRACE 4545 CELESTIAL DR, MICCO 32949
$235,000 722 BROOKEDGE TER, SEBASTIAN 32958
Susan’s SOLD Listings
$280,000 925 GREENBRIER AVE, SEBASTIAN 32958
$332,500 13920 RUFFNER LN, SEBASTIAN 32958
$228,000 5400 HIGHWAY A1A, #A1, INDIAN RIVER SHORES 32963
$175,000 498 CROTON AVE, SEBASTIAN 32958
$535,000 9554 RIVERVIEW DR, MICCO 32976
$515,000 5270 FISHERMAN LN, GRANT VALKARIA 32949
Susan’s SOLD Listings
$370,000 9507 FLEMING GRANT RD, MICCO 32976
$222,000 COLLIER CLUB 691 COLLIER LAKE CIR, SEBASTIAN 32958
$340,000 9673 FLEMING GRANT RD, MICCO 32976
$340,000 1568 EAGLES CIR, SEBASTIAN 32958
$345,000 5285 94TH LN, SEBASTIAN 32958
$420,000 3565 LUCIA DR, VERO BEACH 32967
Susan’s SOLD Listings
$650,000 3575 HEATHER LN, MICCO 32976
$400,000 7315 65TH STREET, VERO BEACH 32967
$295,000 100 SNOWY EGRET, SEBASTIAN 32958
$340,000 6900 CREPE MYRTLE DRIVE, GRANT 32949
$320,000 9625 FLEMING GRANT ROAD, MICCO 32976
$217,500 688 COLLIER LAKE CIRCLE, SEBASTIAN 32958
Susan’s SOLD Listings
$430,000 1572 EAGLES CIR, SEBASTIAN 32958
$427,000 103 HARBOR POINT DR, SEBASTIAN 32958
$712,500 7805 HOMESTEAD DR, VERO BEACH 32967
$280,000 315 PINTO LANE, PALM BAY 32909
$305,000 328 DEER RUN ROAD, PALM BAY 32909
$390,000 5225 94TH PL, SEBASTIAN 32958
Susan’s SOLD Listings
$285,000 3083 FOREST CREEK DR, MELBOURNE 32901
$385,000 4760 PAWPAW LN, GRANT VALKARIA 32949
$257,500 102 BARBARA CT, SEBASTIAN 32958
$207,200 102 CONCHA DR, SEBASTIAN 32958
$150,000 619 SEMBLER ST, SEBASTIAN 32958
$150,000 127 ALDEA DR, SEBASTIAN 32958
Susan’s SOLD Listings
$170,000 402 TULIP DR, SEBASTIAN 32958
$281,900 3803 RENALD PL, MICCO 32976
$233,000 280 CONCHA DR, SEBASTIAN 32958
$172,000 1416 35TH AVE, VERO BEACH 32960
$180,000 297 WATERCREST ST, SEBASTIAN 32958
$76,000 728 S EASY ST, SEBASTIAN 32958
Susan’s SOLD Listings
$387,000 13895 RUFFNER LN, SEBASTIAN 32958
$75,000 6780 S US HIGHWAY 1, GRANT VALKARIA 32949
$37,500 88 CROOKED TREE LN, #105, VERO BEACH 32962
$162,000 5400 HIGHWAY A1A, #D4, INDIAN RIVER SHORES 32963
$33,750 1531 ERICA’S WAY, SEBASTIAN 32958
$33,750 1529 EAGLES CIR, SEBASTIAN 32958
Susan’s SOLD Listings
$194,000 470 BYWOOD AVE, SEBASTIAN 32958
$195,000 302 MIDVALE TER, SEBASTIAN 32958
$210,000 598 ROLLING HILL DR, SEBASTIAN 32958
$216,500 966 FLAMINGO AVE, SEBASTIAN 32958
$220,000 407 AZINE TER, SEBASTIAN 32958
$249,100 114 STONY POINT DR, SEBASTIAN 32958
Susan’s SOLD Listings
$255,000 1520 GLENTRY LN, SEBASTIAN 32958
$126,000 8735 94TH AVE, VERO BEACH 32967
$127,000 8776 105TH CT, VERO BEACH 32967
$95,000 3775 FOOSHE AVE, MICCO 32976
$127,650 9633 HONEYSUCKLE DR, MICCO 32976
$147,500 7670 US HIGHWAY 1, MICCO 32976
Susan’s Listings
Custom Turnkey Home G R A N T VA L K A R I A
Built on a block and concrete stem wall, this home is solid block and poured concrete from top to bottom. Designed with your safety in mind, when you leave all you have to do is flip a switch and the windows and doors are enclosed with roll down shutters and the property is secured.You will enjoy a million dollar top level view of dolphins, manatees, wild game and a wide variety of birds. The downstairs has a 966 sf flex room with a full bath. This home is easy to show - call Susan at 772-913-0222. Offered at $599,000
G R A N T VA L K A R I A
Intracoastal
A casual coastal retreat awaits you. An open floor plan frames a panoramic Intracoastal view. Dock, impact glass, newer roof, huge garage, oversized yard & seawall. Tile throughout & a real fireplace offers ambiance. Call Susan Maitner at 772-913-0222 for a private showing. Offered at $565,000
Susan’s Listings
Sparkling Pool Home HARBOR POINT
Sparkling and impeccable pool home in desirable Harbor Point. A beautiful street in a garden setting of well maintained homes. CBS, 3/2/2 split plan on .65 acres. This glorious estate has eastern exposure and is situated with a lovely canal in the back yard offering you a Preserve View. This home is light, spacious and move in ready. Previous owners installed a new roof in 2017 and the drive is designed to comfortably fit a small LMA. Call Susan Maitner at 772-913-0222 to see today. Just Sold at $385,000
<Move in Ready....
VERO BEACH Sit on your balcony w/coffee & watch the sun rise over the ocean and at night let the ocean waves lull you to sleep. This 3rd floor unit with spectacular views of the Atlantic in Ocean Club II is centrally located. Call Susan Maitner at 772-913-0222 to see today. Offered at $249,500
SEBASTIAN Experience a key west theme in sebastian with this bright, tropical home. Built in 2016 to the latest building codes, provides the benefit of lower costs. Fenced backyard enhances your privacy. Call Susan Maitner at 772-913-0222 to see today. Offered at $228,000
Vero Beach Island
RECENTLY SOLD
SOLD $3,053,500
420 Coconut Palm Road
SOLD $635,000 376 Eugenia Road
SOLD $461,000
1155 Leeward Lane
SOLD $1,050,000
1202 Isla Verde Square
SOLD $600,000
2041 Indian Summer Lane
SOLD $469,000
5680 Hwy A1A #113
www.FLColdwellBanker.com
SOLD $800,000
370 Riverway Court
SOLD $470,000
9655 E Maiden Court
SOLD $385,000
224 N Carmel Court
R.E. Hill:
SOLD $380,000 796 Dahlia Lane
SOLD $365,000 556 Dahlia Lane
“I recently sold my 2 lots here in Sebastian, Florida. I used your agency and the services of your sales person Susan Maitner. She was very professional in her handling of the sale.”
2018 Vero Beach Island Mid-Year
MARKET REPORT
Price Point
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
Condos Sold
Current Listings
Month’s Supply
Average Price
Under
2018
60
39
3.9
$412,285
86
108
7.5
$313,428
$500,000
2017
77
34
2.6
$402,895
74
90
7.3
$297,574
Change
-22.1%
14.7%
50%
+2%
+16.2%
+20%
+3.3%
+5%
2018
105
141
8.1
$685,347
40
49
7.4
$649,280
2017
90
137
9.1
$707,154
40
35
5.3
$649,375
Change
+16.7%
+2.9%
-11.8%
-3%
0%
+40%
+40%
0%
Over
2018
82
165
12.1
$2,164,384
8
27
12.8
$1,830,250
$1,000,000
2017
63
185
17.6
$2,059,915
13
27
12.5
$1,664,615
Change
+30.2%
-10.8%
-31.5%
+5%
-38.5%
0%
+2.3%
+10%
2018
247
345
8.4
$1,110,032.48
134
174
7.8
$504.238.87
2017
230
356
9.3
$975,832.26
127
152
7.2
$548,310.80
Change
+7.4%
-3.1%
-9.8%
+14%
+5.5%
+14.5%
+8.5%
-8%
$500,001 to $1,000,000
Total
The Vero Beach Island single family market has been the tax law changes were announced last year, we expected extremely strong this year. Prices are up 14% and the an increase in buyers from high tax states. However, many number of sales are up 7.4% . The month’s supply of homes of those areas have experienced decline in home prices and has decreased by almost 10%.
although we think it will be beneficial in the future for our
The condominium market has also experienced a 5.5% area it has not impacted the market at this point. rise in sales, but prices have averaged an 8% decrease.
If you would like to find the right price for your home in today’s
Now is a good time for sellers to contemplate selling. changing market, contact Susan Maitner, Global Luxury Specialist With the recent interest rate increases and the anticipation at 772-913-0222. With eleven offices covering 135 miles of of further hikes we anticipate some pricing pressure. Selling Florida’s East Coast, Coldwell Banker Paradise is the largest full now while inventory’s are low could be beneficial. When service real estate company in the area.
Vero Beach Mainland
RECENTLY SOLD
SOLD $615,000
260 Sea Gull Avenue
SOLD $360,000
SOLD $390,000
5728 Riverboat Circle
SOLD $335,000
www.FLColdwellBanker.com
SOLD $375,000
220 32nd Court SW
SOLD $305,000
460 40th Court SW
5441 Barbados Square
2009 Grey Falcon Circle, SW
SOLD $295,000
SOLD $295,000
SOLD $290,000
1358 Lexington Square
925 32nd Avenue
534 53rd Square
P. & D. Kessel: “One would think selling a vacant lot would not take much effort. We soon learned SOLD $290,000 5251 4th Place
SOLD $287,000 3256 59th Avenue
that was not the case!”
2018 Vero Beach Mid-Year
MARKET REPORT
Price Point
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
Condos Sold
Under
2018
566
217
2.3
$172,009
$250,000
2017
621
202
2.0
$166,155
Change
-8.9%
7.4%
17.9%
+4%
$250,001 to
2018
372
290
4.7
$500,000
2017
312
274
5.3
Change
+19.2%
+5.8%
2018
42
2017
52
Change
Over $500,000
Total
Current Listings
Month’s Supply
Average Price
234
89
2.3
$108,648
236
109
2.8
$101,250
-0.8%
-18.3%
-17.7%
+7%
$326,281
6
15
15.0
$340,833
$323,841
15
5
2.0
$311,160
-11.2%
+1%
-60%
+200%
+650%
+10%
92
13.1
$706,502
3
3
6.0
$1,061,667
89
10.3
$641,760
10
4
2.4
$620,200
-19.2%
+3.4%
+28.0%
+10%
-70%
-25%
+150%
+71%
2018
980
599
3.7
$253,476.23
243
107
2.6
$126,146.63
2017
985
565
3.4
$241,210.32
261
118
2.7
$133,196.93
Change
-0.5%
+6%
+6.6%
+5%
-6.9%
-9.3%
-2.6%
-5%
The Vero Beach mainland market had healthy and safe
If the macro-economic market continues to expand, more
growth in the first half of 2018. The number of homes rate increases can be expected. First time buyers and buyers sold was stable. The inventory of homes sold rose slightly. moving into larger family homes should consider buying The average price of homes sold rose by a sustainable 5%. soon to lock in these lower rates. The statistics indicate a market that is stable and not overheated.
Inventory should keep growing since the increased rates will slow price increases. Now is a good time to get a home
Even though the inventory remains tight, with a 3.7 month on the market. supply, rising interest rates will continue to hold prices down. If you would like to find the right price for your home in today’s changing While the increase in interest rates has lowered buying market, contact Susan Maitner, Global Luxury Certified Agent 772-913-0222. power for those purchasing with loans by 30%, today’s With eleven offices covering 135 miles of Florida’s East Coast, Coldwell Banker interest rates are still low in comparison to historical rates. Paradise is the largest full service real estate company in the area.
Brevard Beachside
RECENTLY SOLD
SOLD $1,200,000
SOLD $950,000
www.FLColdwellBanker.com
SOLD $585,000
847 Malibu Lane
400 Riverside Drive
468 Bridgetown Court
SOLD $580,000
SOLD $524,000 207 Ivory Drive
SOLD $480,800
14 Claymont Court
SOLD $470,000
SOLD $460,000
SOLD $440,000
302 Sanibel Way
581 Hwy A1a #302
210 Ivory Drive
472 Cardinal Drive
C Pettorsson: “...I think Susan Maitner is rewriting the description of what it means to be a real estate agent, and we sure are SOLD $415,000
5165 Palmetto Drive
SOLD $385,000
5582 Beach Elder Way
grateful beneficiaries.”
2018 Brevard Beachside Mid-Year
MARKET REPORT
Price Point
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
Condos Sold
Current Listings
Month’s Supply
Average Price
Under
2018
194
44
1.4
$195,719
321
82
1.5
$154,852
2017
254
36
0.9
$191,185
327
96
1.8
$145,236
Change
-23.6%
22.2%
60.0%
2.0%
-1.8%
-14.6%
-16.19%
7%
$250,001 to
2018
538
255
2.8
$363,143
208
222
6.4
$356,611
$500,000
2017
463
223
2.9
$368,693
185
159
5.2
$345,300
Change
16.2%
14.3%
-1.6%
-2%
12.4%
39.6%
23.1%
3%
$500,001 to
2018
133
177
8.0
$654,920
62
89
8.6
$631,553
$1,000,000
2017
139
139
6.0
$662,853
46
101
13.2
$629,098
Change
-4.3%
27.3%
33.1%
-1%
34.8%
-11.9%
-34.8%
0%
Over
2018
34
85
15.0
$1,875,413
3
4
8.0
$1,500,033
$1,000,000
2017
26
74
17.1
$1,391,781
1
10
60.0
$1,970,000
Change
30.8%
14.9%
-12.2%
35%
200%
-60%
-86.7%
-24%
2018
899
561
3.7
$427,373.55
594
397
4.0
$282,052.13
2017
882
472
3.2
$394,091.52
559
366
3.9
$254,528.05
Change
1.9%
18.9%
15.6%
8%
6.3%
8.5%
2.6%
11%
$250,000
Total
Job growth and a robust economy is keeping the Brevard housing market healthy. Inventory continues to be tight with only 3.7 months supply on hand and prices are seeing a healthy and steady climb. Prices are stabilizing across most segments, a trend that continues into the markets south as well. The only segment that saw movement in both price and sales was in the luxury waterfront market, with sales of over $1m properties up 30.8% and average price up 35%.
is keeping pace, with sellers regaining equity and feeling confident and buyers having enough choice to make it competitive. Its an excellent time for sellers to consider putting their house on the market while activity remains strong – especially as interest rates only likely to climb, which may put the brakes on an otherwise healthy and steady housing market.
If you would like to find the right price for your home in today’s changing market, contact Susan Maitner your Global Luxury With significant planned expansions in both tourism and Certified Agent. With eleven offices covering 135 miles of Florida’s technology, the Space Coast is once again rebuilding itself as a East Coast, Coldwell Banker Paradise is the largest full service real destination for the boldest and brightest.The housing market estate company in the area.
Brevard Mainland
RECENTLY SOLD
SOLD $715,000
SOLD $540,000
340 Bay Point Drive
67 Hill Top Land
SOLD $513,000
SOLD $505,000
1437 N. Jennings Lane
SOLD $439,000 1045 Shiloh Drive
708 Nicklaus Drive
SOLD $425,000
4409 Heaton Park Trail
www.FLColdwellBanker.com
SOLD $530,000 697 Nicklaus Drive
SOLD $425,000
545 Spring Lake Drive
SOLD $392,000
3862 Peacock Drive
L. McKee: “Thanks for the info and thinking of us. Working with you and Jack was one of the best real estate experiences SOLD $380,000
3811 Funston Circle
SOLD $373,000
5239 Wexford Drive
we’ve ever had.”
2018 Brevard Mainland Mid-Year
MARKET REPORT
Price Point
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
Condos Sold
Current Listings
Month’s Supply
Average Price
Under
2018
2032
578
1.7
$176,402
305
103
2.0
$113,818
$250,000
2017
2230
524
1.4
$166,576
293
113
2.3
$103,274
Change
-8.9%
10.3%
21.1%
6%
4.1%
-8.8%
-13%
10%
$250,001 to
2018
1041
642
3.8
$330,569
16
7
2.6
$363,938
$500,000
2017
906
480
3.2
$328,925
12
7
3.5
$361,458
Change
14.9%
33.8%
18.5%
0%
33.3%
0.0%
-25%
1%
$500,001 to
2018
135
180
8.0
$623,240
5
5
6.0
$648,593
$1,000,000
2017
105
152
8.7
$630,634
2
1
3.0
$556,250
Change
28.6%
18.4%
-8%
-1%
150%
400.0%
100.0%
17%
Over
2018
12
27
13.5
$1,236,667
0
1
#DIV/0!
-
$1,000,000
2017
14
30
12.9
$1,243,974
0
1
#DIV/0!
-
Change
-14.3%
-10.0%
5%
-1%
#DIV/0!
0.0%
#DIV/0!
#DIV/0!
2018
3193
1427
2.7
$248,237.78
326
116
2.1
$134,295.90
2017
3255
1186
2.2
$231,367.97
307
122
2.4
$116,316.87
Change
-1.9%
20.3%
22.7%
7%
6.2%
-4.9%
-12.5%
15%
Total
As the job sector continues to expand in Brevard, especially higher paying tech jobs, the housing market is tightening. Sales have increased in the mid to high level from $250k-$1mil by 11.9% and 28.6% respectively. Prices are stabilizing across most segments, a trend that continues into the markets south as well.There’s a slight adjustment in sales in both the lower end of the market and at the over $1mil segment, contributing to an overall slight drop in sales -1.9%. With prices stabilizing and inventory levels low, those buyers looking for opportunities under $500k will have to be positioned to move quick. With significant planned expansions in both tourism and technology, the Space Coast is once again rebuilding itself as a
destination for the boldest and brightest.The housing market is keeping pace, with sellers regaining equity and feeling confident and buyers having enough choice to make it competitive. It’s an excellent time for sellers to consider putting their house on the market while activity remains strong – especially as interest rates are only likely to climb, which may put the brakes on an otherwise healthy and steady housing market. If you would like to find the right price for your home in today’s changing market, contact Susan Maitner, Global Luxury Specialist at 772-913-0222. With eleven offices covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise is the largest full service real estate company in the area.
WHER E EXCELLENCE LI VES PA R A D I S E
Listed and Sold by Susan
5315 S US HIGHWAY 1, GRANT VALKARIA 32949 Sold for $675,000 This beautiful custom riverfront home offers the best of intracoastal living. Spirited nautical view sprinkled with sea life. Downstairs master bedroom, upstairs has flex room for extra storage, recreation or fitness. Pool, spa and cabana bath complete the lifestyle. Three car garage with back door exit & fenced back yard. This is a quality home, original owners, impeccably maintained.
SUSAN MAITNER - GLOBAL LUXURY CERTIFIED AGENT - 772-913-0222 - smaitner@bellsouth.net