2014 Brevard Island Third Quarter Real Estate
MARKET REPORT
340 Bay Point Dr. Offered at $990,500
Aline Daniels
Cell: 321.427.5117 Office: 321.951.3300 Aline.Daniels@ColdwellBanker.com FLColdwellBanker.com/AlineDaniels
Indialantic Office 232 Fifth Avenue, Indialantic, FL 32903
2014 Brevard Island Third Quarter Real Estate Report As trusted real estate advisors in our area, we are pleased to present our Third Quarter Real Estate Report. We have identified key indicators that impact home values and use this information to forecast local market trends that help our clients make informed decisions about buying and selling real estate. The real estate market recovery for both single family homes and condominiums has really taken hold during the first three quarters of 2014. The single family home market experienced a double-digit increase in the number of sales and a nearly 40% drop in the number of properties available for sale. Although prices have remained flat, with little inventory and higher demand, homeowners can expect price appreciation in 2015. The condominium market has also experienced a dramatic drop in the number of units for sale. Price appreciation has already begun in this sector and is likely to continue in 2015. Call us today for information about your home’s value. We understand the market, list with us. Contact us at our Indialantic/Melbourne office 321-951-3300. If you would like to continue getting our quarterly updates, just let us know. Email us at Schlitt@ColdwellBanker.com. We will make sure that a copy is delivered to you quarterly. All the best, Linda Schlitt Gonzalez and Steven Schlitt, Owners
BREVARD ISLAND SINGLE FAMILY HOMES THIRD QUARTER 2014 COMPARISON TO THIRD QUARTER 2013 Price Point Under $250,000
$250,000 to $500,000
$500,001 to $1,000,000
Over $1,000,000
Total
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
2014
636
139
1.8
$163,345
2013
699
344
4.4
$159,059
Change
+10%
-60%
-59%
+3%
2014
489
222
4.1
$338,156
2013
426
290
6.1
$341,365
Change
+15%
-23%
-33%
-1%
2014
110
109
8.9
$663,025
2013
87
141
14.6
$680,620
Change
+26%
-23%
-39%
-3%
2014
21
61
26.1
$1,454,019
2013
21
75
32.1
$1,400,983
Change
0%
-19%
-19%
0%
2014
1,319
531
3.6
$290,374
2013
1,170
850
6.5
$286,511
Change
+13%
-38%
-45%
+1%
BREVARD ISLAND CONDOS THIRD QUARTER 2014 COMPARISON TO THIRD QUARTER 2013 Price Point Under $250,000
$250,000 to $500,000
$500,001 to $1,000,000
Over $1,000,000
Total
Year
Condos Sold
Current Listings
Month’s Supply
Average Price
2014
729
257
3.2
$138,243
2013
743
334
4
$126,108
Change
-2%
-23%
-21%
+10%
2014
238
163
6.2
$334,309
2013
224
247
9.9
$342,223
Change
+6%
-34%
-38%
-2%
2014
34
60
15.9
$669,221
2013
32
47
13.2
$645,398
Change
+6%
+28%
+20%
+4%
2014
0
3
0
0
2013
0
4
0
0
Change
0%
-25%
0%
0%
2014
1,001
483
4.3
$202,895
2013
999
632
5.7
$191,202
Change
0%
-24%
-24%
+6%
EXCLUSIVELY PRESENTING:
$2,499,000
$995,000
$520,900
7797 Highway A1A
5443 The Willows Drive
380 Nikomas Way
OCEANFRONT • MELBOURNE BEACH
5 ACRE ESTATE • MELBOURNE
WATERFRONT • MELBOURNE BEACH
$449,000
$389,000
$375,000
1915 Caterbury Drive
393 Portland Drive
1831 Highway A1A #3204
POOL HOME • INDIALANTIC
CANAL FRONT • MELBOURNE BEACH
LANTANA CONDOS • INDIAN HARBOUR BEACH
WE INVITE YOU TO VIEW OUR ENTIRE COLLECTION AT:
FLColdwellBanker.com
PRSRT SSTD ECRWSS U.S. POSTAGE PAID EDDMRETAIL
A SELECTION OF RECENT SOLDS:
$2,600,000
OCEANFRONT • MELBOURNE BEACH
SOLD for $2,250,000 $460,000
MILLION DOLLAR VIEWS • MELBOURNE BEACH
130 Warsteiner Way #603
313 Oak Street
$465,000
SOLD for $435,000 $429,900
OCEANFRONT • MELBOURNE BEACH
1941 Highway A1A, #406
SOLD for $439,000
SOLD for $412,000
RIVERFRONT • MELBOURNE BEACH
363 Marlin Place
$394,900
SOLD for $370,000
ESTATE HOME • MELBOURNE
4254 Turtle Mound
TRUST THE REALTOR WITH PROVEN RESULTS I want to personally thank you for all your assistance in the locating and purchasing of our new home. It is certainly a pleasure to deal with a person with such a high degree of professionalism. I would like to thank you for your sincere concern for Terri and I in the search of our new house. It is not every day that I deal with people who are so efficient and caring. When it comes to meeting the customers needs and moving quickly for your client you are in another league. You are definately an asset to your company. You came to me highly recommended and you can be sure I will continue to recommend you and your company to the highest degree. - Matthew Shaw, The Purdue Frederick Company
Aline Daniels Cell: 321-427-5117 Office: 321-951-3300 Aline.Daniels@ColdwellBanker.com FLColdwellBanker.com/AlineDaniels