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