Brevard Beachside Years End Market Report for 2018

2018 End of Year Brevard Beachside

RECENTLY SOLD

SOLD $625,000

SOLD $462,000

SOLD $700,000

685 Barcelona Court, Satellite Beach

302 Salida Drive, Indian Harbor Beach

435 Tipperary Drive, Melbourne

SOLD $415,000

SOLD $405,000

SOLD $400,000

400 Port Royal Blvd, Satellite Beach

1680 Country Cove, Malabar

2442 Okalani Street, Palm Shores

SOLD $349,900

SOLD $340,000

1450 Glen Have Drive, Merritt Island

290 Harwood Ave, Satellite Beach

SOLD $325,000 3820 Sunward Drive, Merritt Island

Call to see how much your home is worth!

321-222-9449 SOLD $255,000 190 Eden Avenue, Satellite Beach

SOLD $227,000 308 Lee Ave, Satellite Beach

SATELLITE BEACH OFFICE 1550 Highway A1A Satellite Beach FL, 32937 321-222-9449 SEBASTIAN 1209 US-1 Sebastian FL, 32958 772-589-7777

INDIALANTIC OFFICE 232 5th Ave Indialantic FL, 32903 321-951-3300

www.FLColdwellBanker.com

2018 Brevard Beachside End of Year Real Estate

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

336

80

2.9

$192,748

587

126

2.6

$147,667

$250,000

2017

455

36

0.9

$185,960

599

100

2.0

$146,968

Change

-26.2%

+122.2%

+200.9%

+4.0%

-2.1%

+26.0%

+28.6%

0.0%

$250,001 to

2018

1035

283

3.3

$357,292

431

219

6.1

$342,283

$500,000

2017

925

216

2.8

$357,814

347

139

4.8

$345,561

Change

+11.9%

+31.0%

+17.1%

0.0%

+24.2%

+57.6%

+26.8%

-1.0%

$500,001 to

2018

283

191

8.1

$648,550

121

82

8.1

$615,846

$1,000,000

2017

259

131

6.1

$669,357

87

74

10.2

$653,841

Change

+9.3%

+45.8%

+33.4%

-3.0%

+39.1%

+10.8%

-20.3%

-6.0%

Over

2018

72

101

16.8

$1,579,799

6

12

24.0

$1,250,850

$1,000,000

2017

62

56

10.8

$1,382,599

1

7

84.0

$1,970,000

Change

+16.1%

+80.4%

+55.3%

+14.0%

+500.0%

+71.4%

-71.4%

-37.0%

2018

1726

655

4.6

$424,012

1145

439

4.6

$276,180

2017

1701

439

3.1

$396,633

1034

320

3.7

$258,024

Change

+1.5%

+49.2%

+47.0%

+7.0%

+10.7%

+37.2%

+23.9%

+7.0%

Total

Outlook Positive for Brevard Housing Market The Brevard real estate market stands out as one of the strongest markets on the Treasure and Space Coasts.

While the available supply of homes on the market is increasing, there is still only a 4.6 months supply. Prices rose 7% in 2018 overall. The outlook for 2019 is for continued strong sales driving up prices in the 4%-6% range. Job growth in companies like L7/Harris Corp, etc should more than offset any layoffs at Space X. Having a savvy real estate agent at your side in this type of competitive market will help you navigate. If you are considering buying or selling, call 321-222-9449 to speak with an agent right away. Coldwell Banker Paradise is a proud member of the Schmidt Family of Companies, making us part of the 20th largest brokerage in the country. Specializing in luxury and resort markets, we have offices on the East Coast and West Coast of Florida, throughout North America, and in the Virgin Islands.

FLColdwellBanker.com