2018 Indian River County & Brevard 3rd Quarter 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 Sebastian market continues to climb in a gradual, healthy manner. While the inventory has room for growth, with only a 3.2 month supply, the overall inventory is stronger and has a better selection than a year ago in every market segment. Prices continued to climb in pace with inflation at 2% overall. All of this is great news for both buyers and sellers. Steady growth that is not overheated should give buyers better peace of mind. 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.
Price Point
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
$100,000 to
2018
432
115
2.4
$191,380
$250,000
2017
484
85
1.6
$191,455
Change
-10.7%
+35.3%
+51.6%
0%
$250,001 to
2018
174
83
4.3
$302,536
$500,000
2017
124
57
4.1
$310,667
Change
+40.3%
+45.6%
+3.8%
-3.0%
Over
2018
8
26
29.3
$642,500
$500,000
2017
9
24
24.0
$913,444
Change
-11.1%
+8.3%
+21.9%
-30.0%
2018
630
225
3.2
$224,827
2017
640
172
2.4
$220,484
Change
-1.6%
+30.8%
+32.9%
+2.0%
Total
Page 2
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
Page 3
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, SEBASTIAN RIVERFRONT MICCO 32976
$665,000 9590 TORTOISE LN, SEBASTIAN RIVERFRONT MICCO 32976
$306,000 RIVERVIEW TERRACE 4545 CELESTIAL DR, MICCO 32949
$235,000 722 BROOKEDGE TER, SEBASTIAN 32958
Page 4
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 RIVERFRONT - 5270 FISHERMAN LN, Page 5 GRANT VALKARIA 32949
Susan’s SOLD Listings
Page 6
$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,, FISCHER LAKE ISLAND SEBASTIAN 32958
$345,000 5285 94TH LN, SEBASTIAN 32958
$420,000 HOBART LANDING - 3565 LUCIA DR, VERO BEACH 32967
Susan’s SOLD Listings
$650,000 RIVERFRONT - 3575 HEATHER LN, MICCO 32976
$400,000 7315 65TH STREET, VERO BEACH 32967
$295,000 100 SNOWY EGRET, LAUREL RESERVE 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
Page 7
Susan’s SOLD Listings
$430,000 1572 EAGLES CIR, FISCHER LAKE ISLAND SEBASTIAN 32958
Page 8
$427,000 103 HARBOR POINT DR, SEBASTIAN 32958
$712,500 7805 HOMESTEAD DR, VERO BEACH 32967
$280,000 315 PINTO LANE, DEER RUN 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,, RIVERVIEW TERRACE GRANT VALKARIA 32949
$257,500 102 BARBARA CT, SEBASTIAN 32958
$207,200 102 CONCHA DR, SEBASTIAN 32958
$220,000 737 TULIP DRIVE SEBASTIAN 32958
$121,000 1513 EAGLES CIR, FISCHER LAKE ISL Page 9 SEBASTIAN 32958
Susan’s SOLD Listings
$170,000 402 TULIP DR, SEBASTIAN 32958
Page 10
$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
$385,000 HARBOR POINT -108 HARBOR POINT DR. SEBASTIAN 32958
$37,500 88 CROOKED TREE LN, #105, VERO BEACH 32962
$162,000 5400 HIGHWAY A1A, #D4, INDIAN RIVER SHORES 32963
$75,000 6780 S US HIGHWAY 1, GRANT VALKARIA 32949
$33,750 EACH 1529 EAGLES CIR, & 1531 ERICA’S WAY FISCHER LAKE ISL - SEBASTIAN 32958 Page 11
Susan’s SOLD Listings
$194,000 470 BYWOOD AVE, SEBASTIAN 32958
Page 12
$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
Page 13
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 $595,000 (208755)
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 $539,000 (204904)
Susan’s Listings
Fischer Lake Island
Location with a beautiful view. Exquisite lakefront home situated on .61 acres in desirable Fischer Lake Island. 4 years young and ready for new owners. Upgrades include: tile, kitchen cabinetry and large caged/screened pool and has a 3 car garage. Watch the sun set from the screened patio overlooking the 9+ acre lake. Community offers gated access, tennis, clubhouse and pool. Call Susan Maitner at 772-913-0222 to see today. Offered at $485,000 (206783)
SEBASTIAN
Historic Farmhouse....
SEBASTIAN Let nostalgia sweep you away in this lovely historic home built in 1910. Nestled on 2.6 Acres of the picturesque sebastian river, this 'Florida cracker era farmhouse' welcomes you with a plantation-style entrance delivering an expansive divide between the house and road. Sitting on a bluff, wrap around porch, maple floors, guest cottage, laundry room, CBS garage & so much more. Offered at $749,000 (209110)
Vero Beach Island
RECENTLY SOLD
SOLD $1,150,000 835 Starboard Drive
SOLD $830,000 604 Eugenia Road
SOLD $560,000
1026 Flamevine Lane #401
SOLD $995,000
12968 Highway A1A
SOLD $774,000
1515 Ocean Drive #9
SOLD $555,000
655 Bougainvillea Lane
www.FLColdwellBanker.com
SOLD $899,000 530 Acacia Road
SOLD $649,000
1995 Surfside Terrace
SOLD $533,633
2140 Sanford Court
R.E. Hill:
SOLD $481,000
1530 Smugglers Cove
Page 16
SOLD $450,000 416 Holly Road
“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 3rd Quarter
MARKET REPORT
Homes Sold
Current Listings
Month’s Supply
Average Price
Condos Sold
Current Listings
Month’s Supply
Average Price
2018
81
43
4.8
$412,780
121
86
6.4
$309,510
2017
102
30
2.6
$428,425
103
75
6.6
$322,961
Change
-20.6%
+43.3%
+80.5%
-4.0%
+17.5%
+14.7%
-2.4%
-4.0%
$500,000 to
2018
153
128
7.5
$690,116
49
54
9.9
$636,902
$1,000,000
2017
126
113
8.1
$756,830
50
33
5.9
$693,672
Change
+21.4%
+13.3%
-6.7%
-9.0%
-2.0%
+63.6%
+67.0%
-8.0%
Over
2018
108
170
14.2
$2,022,518
11
18
14.7
$1,728,364
$1,000,001
2017
104
170
14.7
$2,652,365
16
24
13.5
$1,908,375
Change
+3.8%
0.0%
-3.7%
-24.0%
-31.3%
-25.0%
+9.1%
-9.0%
2018
342
341
9.0
$1,045,189
181
158
7.9
$484,369
2017
332
313
8.5
$1,249,716
169
132
7.0
$582,737
Change
+3.0%
+8.9%
+5.8%
-16.0%
+7.1%
+19.7%
+11.8%
-17.0%
Price Point
Year
Under $500,000
Total
The Vero Beach Island market experienced a shift this year with a decline in all price categories. The number of homes and amount of time on the market has increased.This change has been in both the single family and the condominium market. This was anticipated as part of the normal market corrections after a number of years of increased prices and the recent interest rate increases. It is anticipated that these market conditions will continue through 2019. If you are considering buying or selling, sit down with your real estate agent to find out the value of your current home. Call 772913-0222 to contact Susan Maitner, Global Luxury Specialist
today. With 11 offices covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise is the area’s largest full service real estate company.
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.
Page 17
Vero Beach Mainland
RECENTLY SOLD
www.FLColdwellBanker.com
215 Sea Gull Avenue
1059 W Polo Grounds Drive
SOLD $717,000
SOLD $650,000
SOLD $629,000
SOLD $520,000
SOLD $500,000
SOLD $450,000
SOLD $390.000
SOLD $365,000
SOLD $870,000
1620 E Rosewood Court
3017 Golfview Drive
3546 Marthas Lane
6128 56th Avenue
1800 Cobia Drive
29 Seahorse Lane
6195 55th Avenue
P. & D. Kessel: “One would think selling a vacant lot would not take much effort. We soon learned SOLD $355,000 950 Quail Court
Page 18
SOLD $290,000
1558 Lexington Square SW
that was not the case!”
2018 Vero Beach 3rd Quarter
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
838
200
2.1
$175,176
332
90
2.4
$108,466
$250,000
2017
869
204
2.1
$173,000
330
98
2.7
$107,543
Change
-3.6%
-2.0%
+1.7%
+1.0%
0.6%
-8.2%
-8.7%
+1.0%
$250,001 to
2018
542
299
5.0
$326,830
10
12
10.8
$320,800
$500,000
2017
478
248
4.7
$335,222
22
10
4.1
$326,886
Change
+13.4%
+20.6%
+6.3%
-3.0%
-54.5%
+20.0%
+164.0%
-2.0%
Over
2018
60
85
12.8
$699,036
8
3
3.4
$1,014,375
$500,001
2017
68
98
13.0
$683,745
10
3
2.7
$645,590
Change
-11.8%
-13.3%
-1.7%
+2.0%
-20.0%
0.0%
+25.0%
+57%
2018
1440
584
3.7
$254,084
350
105
2.7
$135,239
2017
1415
550
3.5
$252,344
362
111
2.8
$135,736
Change
+1.8%
+6.2%
+4.3%
+1.0%
-3.3%
-5.4%
-2.2%
0.0%
Total
The Vero Beach mainland housing market has seen a shift strong, dominated primarily by national builders. If you are in recent months with single family homes as interest rates considering buying or selling, sit down with your real estate have increased. In addition, time on the market has increased agent to find out the value of your current home. as more and more listings have come on the market.
If you would like to find the right price for your home in today’s changing market, contact Susan Maitner, Global Luxury Certified are unchanged from the prior year. This was anticipated Agent 772-913-0222. With eleven offices covering 135 miles of as part of the normal market cycles and the trend will Florida’s East Coast, Coldwell Banker Paradise is the largest full continue through 2019. The new home market remains service real estate company in the area. Prices for both single family homes and condominiums
Page 19
Brevard Beachside
RECENTLY SOLD
SOLD $1,100,000
7595 Highway A1A, Melbourne Beach
SOLD $549,000
215 Clyde Street, Melbourne Beach
SOLD $454,000
223 Via Havarre, Merritt Island
SOLD $980,000
1101 Atlantic St, Melbourne Beach
SOLD $495,000
689 Mandalay Grove Court, Merrit Island
SOLD $440,000
209 Elm Ave, Melbourne Beach
www.FLColdwellBanker.com
SOLD $700,000
633 Franklyn Ave, Indialantic
SOLD $475,000
578 Veracruz Blvd, Indialantic
SOLD $351,000
864 Brookstone Drive, Merritt Island
C Pettorsson: “...I think Susan Maitner is rewriting the description of what it means to be a real SOLD $349,900
1450 Glen Have Drive, Merritt Island
Page 20
SOLD $340,000
290 Harwood Ave, Satellite Beach
estate agent, and we sure are grateful beneficiaries.”
2018 Brevard Beachside 3rd Quarter
MARKET REPORT
Homes Sold
Current Listings
Month’s Supply
Average Price
Condos Sold
Current Listings
Month’s Supply
Average Price
2018
258
72
2.5
$191,383
462
105
2.0
$149,714
2017
3356
44
1.1
$185,627
477
76
1.4
$151,489
Change
-27.5%
+63.6%
+125.8%
+3.0%
-3.1%
+38.2%
+42.6%
-1.0%
$250,001 to
2018
813
282
3.1
$357,649
328
212
5.8
$342,818
$500,000
2017
709
263
3.3
$368,126
277
180
5.8
$356,271
Change
+14.7%
+7.2%
-6.5%
-3.0%
+18.4%
+17.8%
-0.5%
-4.0%
$500,001 to
2018
218
195
8.1
$639,634
99
87
7.9
$612,508
$1,000,000
2017
207
102
4.4
$685,832
60
64
9.6
$655,097
Change
+5.3%
+91.2%
+81.5%
-7.0%
+65.0%
+35.9%
-17.6
-7.0%
Over
2018
58
88
13.7
$1,596,713
5
8
14.4
$1,307,020
$1,000,000
2017
49
72
13.2
$1,516,851
1
9
81.0
$1,970,000
Change
+18.4%
+22.2%
+3.3%
+5.0%
+400.0%
-11.1%
-82.2%
-34.0%
2018
1347
637
4.3
$424,792
894
412
4.1
$278,283
2017
1321
481
3.3
$411,337
4815
329
3.6
$260,396
Change
+2.0%
+32.4%
+29.9%
+3.0%
+9.7%
+25.2%
+14.2%
+7.0%
Price Point
Year
Under $250,000
Total
The Brevard housing market remains healthy thanks to
home will find an outstanding selection.
an increase in jobs and new home construction. Strong
If you are considering buying or selling your property, sit
growth in the job market is generating buyers in need of
down with your real estate agent to find out the value of your
homes despite the slow rise in interest rates. New home
current home.
construction fills some of the demand keeping the growth in prices in a moderate 3-7% range. The next 12 months will see more of the same trend. Sellers who price their homes appropriately will see sales within a few weeks to months. Buyers looking for the perfect
If you would like to find the right price for your home in today’s changing market, contact Susan Maitner your Global Luxury Certified Agent. 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.
Page 21
Brevard Mainland
RECENTLY SOLD
SOLD $715,000 950 Stratford Place
SOLD $370,000
3075 Constellation Drive
SOLD $354,000
3475 Shady Run Road
SOLD $455,000
3728 Peacock Drive
SOLD $369,500
4247 Montreaux Avenue
SOLD $349,000
2745 Tuscarora Court
www.FLColdwellBanker.com
SOLD $410,000
555 Chestnut Street
SOLD $355,000
1401 Whitman Drive
SOLD $342,000
325 Barrymore Drive, Rockledge
L. McKee: “Thanks for the info and thinking of us. Working with you and Jack was one of the SOLD $335,000
560 Lake Ashley Circle
Page 22
SOLD $318,200 960 Shaw Circle
best real estate experiences we’ve ever had.”
2018 Brevard Mainland 3rd Quarter
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
3076
648
1.9
$174,937
451
89
2.6
$115,281
$250,000
2017
3284
538
1.5
$172,015
423
107
2.0
$110,520
Change
-6.3%
+20.4%
+28.6%
+2.0%
6.6%
-16.8%
+27.5%
+4%
$250,001 to
2018
1750
583
3.0
$325,969
21
12
3.0
$363,845
$500,000
2017
1406
531
3.4
$339,133
15
8
12.0
$382,160
Change
+24.6%
+9.8%
-11.8%
-4.0%
+40.0%
+50.0%
-75.0%
-5.0%
$500,001 to
2018
219
160
6.6
$603,155
8
5
0
$618,496
$1,000,000
2017
164
159
8.7
$646,715
2
1
18.0
$599,900
Change
+33.5%
+0.6%
-24.6%
-7.0%
+300.0%
+400.0%
0
+3.0%
Over
2018
20
26
11.7
$1,235,512
0
1
0
$1,000,000
2017
18
22
11.0
$1,293,497
0
1
0
$1,449,999
Change
+120.0%
+18.2%
+6.4%
-4.0%
0.0%
0.0%
0
-100.0%
2018
5065
1417
2.5
$249,822
480
107
2.7
$134,542
2017
4872
1250
2.3
$240,365
440
117
2.3
$122,004
Change
+4.0%
+13.4%
+9.0%
+4.0%
+9.1%
-16.2%
+21.0%
+10.0%
Total
While buying and selling a home can be stressful, the current housing market conditions should give peace of mind to both sides of the deal. The slow rise in interest rates is being offset by strong job and income growth in Brevard. New home construction is helping to fill some of the demand keeping price increases to slightly above the rate of inflation at 4-10%. Both buyers and sellers working with their realtor to set appropriate expectations should find
this an outstanding market to make their move. If you are considering buying or selling, sit down with your real estate agent to find out the value of your current home. 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.
Page 23
WHER E EXCELLENCE LI VES PA R A D I S E
Listed and Sold by Susan
FLEMING GRANT, MICCO 32976 SOLD for $650,000 Go back in time to find this type of riverfront acreage. Twenty acres on the sebastian river, truly old florida waterfront. Zoned residential.
SUSAN MAITNER - GLOBAL LUXURY CERTIFIED AGENT - 772-913-0222 - smaitner@bellsouth.net