2016 Brevard County Beachside Mid-Year Real Estate
M A R KET R EP ORT 1550 Highway A1A Satellite Beach, FL 32937 321-222-9449 232 5th Avenue Indialantic, FL 32903 321-951-3300
Brevard County Beachside
Mid-Year Comparison 2016 to 2015 Tight Inventory Will Need Price Adjustments
884
Single family home numbers on the market are dimming at -29.6%. This tight inventory has begun
+3.3% Homes Sold
to create a competitive price increase starting at a 4.6% increase. Pricing will continue to be competitive in order to help with the slow down rate of sales at -8.6%. Sellers take note, buyers will be waiting for the perfect priced opportunity.
Average Price +4.6%
$349K
SINGLE FAMILY HOMES Price Point Under $250,000
$250,001 to $500,000
$500,001 to $1,000,000
Over $1,000,000
Total
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
2016
314
43
0.8
$181,249
2015
427
98
1.9
$174,765
Change
-26.5%
-56.1%
-56.8%
+3.7%
2016
443
209
2.8
$341,579
2015
417
225
4.1
$345,743
Change
+6.2%
-7.1%
-31.0%
-1.2%
2016
105
107
6.1
$655,354
2015
103
127
8.1
$699,776
Change
+1.9%
-15.7%
-24.5%
-6.3%
2016
22
35
9.5
$1,433,795
2015
20
53
12.5
$1,591,400
Change
+10.0%
-34.0%
-23.6%
-9.9%
2016
884
394
2.7
$349,080
2015
967
503
3.8
$333,717
Change
-8.6%
-21.7%
-29.6%
+4.6%
Your Housing Forecast!
Low Inventory Demands A Slight Increase In Pricing. This quarters inventory is down -38% in the
FOR SELLERS:
condo market pushing prices to increase
Very Bright! Key pricing will be necessary to stay on top in this competitive market.
slightly 14%. This has just begun to effect the amount of total sales of condos however at a mere -2.5%. The lack of inventory will
FOR BUYERS & INVESTORS:
continue to increase prices at a healthy rate
Chance of Clouds! Tight inventory and smart pricing will require a market savvy guide!
for this market. Knowing just the right price point is key for sellers right now. Buyers will be on the hunt for the perfect mixture of quality and price, and will spot anything new very fast.
CONDOS Price Point
Under $250,000
$250,001 to $500,000
$500,001 to $1,000,000
Over $1,000,000
Total
Year
Condos Sold
Current Listings
Month’s Supply
Average Price
2016
343
133
2.3
$136,420
2015
382
143
3.9
$131,305
Change
-10.2%
-7.0%
-40.3%
+3.9%
2016
194
126
3.9
$353,605
2015
189
129
5.7
$343,414
Change
+2.6%
-2.3%
-31.6%
+3.0%
2016
52
54
6.2
$665,863
2015
36
62
16.8
$608,208
Change
+44.4%
-12.9%
0.0%
+9.5%
2016
3
5
10
$1,083,333
2015
0
4
0
$0
Change
0%
25.0%
0.0%
+100%
2016
592
318
3.2
$258,895
2015
607
338
5.2
$225,633
Change
-2.5%
-5.9%
-38.0%
+14.7%
R E C E N T LY S O L D B E A C H S I D E P R O P E R T I E S :
$420,000
407 Hwy A1A # 422
$370,000
630 Florence Court
$315,000
120 Duval Street
E X C L U S I V E LY P R E S E N T I N G :
$750,000
2344 Brookside Drive
$699,000
265 Arrowhead Lane
$369,000
2310 S Atlantic Avenue
A B O U T C O L DW E L L B A N K E R PA R A D I S E : Voted BEST Indian River County brokerage by the readers of Treasure Coast Newspapers,Coldwell Banker Paradise is the oldest and largest, full service real estate company on the Space and Treasure Coast. Originally established by Ed and Marguerite Schlitt over 63 years ago in Vero Beach, the company is now owned by sister and brother team Linda Schlitt Gonzalez and Steven Schlitt. We are proud to boast that we have over 270 savvy real estate agents and 48 full time staff, including an exceptional fully staffed marketing department.We represent luxury, residential and commercial properties, along with having a property management division in each of our ten offices.
C O L D W E L L
B A N K E R
P A R A D I S E
W W W. F L C O L D W E L L B A N K E R . C O M