2018 End of Year Brevard County Mainland
RECENTLY SOLD
SOLD $649,000
SOLD $849,000
SOLD $715,000
4235 Hield Road NW
918 Nelson Drive
1620 Henley Road NW
SOLD $460,000
SOLD $454,000
SOLD $565,000 3790 Ramblewood Court
4720 Sugar Creek Drive
223 Via Havarre
SOLD $425,000
SOLD $315,000
SOLD $299,900
1014 Fieldstone Drive
895 Sunswept Road NE
291 Altman Ave SE
Call to see how much your home is worth! 321-951-3300 SOLD $246,000 2624 Senator Way
SOLD $214,000 230 Falls Church St SW
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 County 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
3948
772
2.3
$175,349
564
102
2.2
$117,951
$250,000
2017
4288
545
1.5
$168,619
571
92
1.9
$107,778
Change
-7.9%
+41.7%
+53.9%
+4.0%
-1.2%
+10.9%
+12.2%
+9%
$250,001 to
2018
2222
659
3.6
$326,868
23
12
6.3
$359,380
$500,000
2017
1841
494
3.2
$329,763
24
7
3.5
$362,538
Change
+20.7%
+33.4%
+10.5%
-1.0%
-4.2%
+71.4%
+78.9%
-1.0%
$500,001 to
2018
293
172
7.0
$606,621
9
9
12
$627,441
$1,000,000
2017
236
136
6.9
$633,401
3
5
20
$545,833
Change
+24.2%
+26.5%
+1.9%
-4.0%
+200.0%
+80.0%
-40.0%
+15.0%
Over
2018
24
31
15.5
$1,267,022
0
0
0
0
$1,000,000
2017
24
20
10.0
$1,191,240
0
1
0
0
Change
0.0%
+55.0%
+55.0%
+6.0%
0.0%
-100.0%
0
0
2018
6487
1634
3.0
$250,767
596
123
2.5
$134,961
2017
6389
1195
2.2
$236,062
598
105
2.1
$120,200
Change
+1.5%
+36.7%
+34.7%
+6.0%
-0.3%
+17.1%
+17.5%
+12.0%
Total
Outlook Positive for Brevard Housing Market New home construction has kept real estate prices for single homes in the 6% range. However supply is still tight with less than a 3 month supply. So while there is a larger selection of homes to choose from, it is still a balanced market and is not tilting towards buyers or sellers. The Brevard real estate market stands out as one of the strongest markets on the Treasure and Space Coasts. 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, 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 321-951-3300 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