Brevard Mainland End of Year Market Report 2018

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