2016 Brevard County Mainland Mid-Year Real Estate
MA RK ET R EP ORT 1550 Highway A1A Satellite Beach, FL 32937 321-222-9449
232 5th Avenue Indialantic, FL 32903 321-951-3300
1209 US-1 Sebastian, FL 32958 772-589-7777
Brevard County Mainland
Mid-Year Comparison 2016 to 2015 Healthy Prices Encourage Healthy Sales Sales of single family houses are slightly up at 3.3% with healthy gains of 15.2%. The inventory is
3,241
+3.3% Homes Sold
slightly low in this market at -28.4% As the supply of homes continues to decrease the prices will continue to rise slightly. Keeping the price increase at a steady but low rate will help keep the sales numbers on the rise.
Average Price +15.2%
$201K
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
2445
566
1.4
$149,662
2015
2591
741
2.1
$134,987
Change
-5.6%
-23.6%
-33.9%
+10.9%
2016
708
385
3.3
$323,642
2015
485
362
5.2
$326,208
Change
+46.0%
+6.4%
-37.3%
-0.8%
2016
82
113
14.1
$615,126
2015
57
133
24.3
$653,652
Change
+43.9%
-15.0%
-41.4
-5.9%
2016
6
19
19.0
$1,299,243
2015
4
12
57.0
$1,258,450
Change
+50.0%
+58.3%
-66.7%
+3.2%
2016
3241
1083
2.0
201,573
2015
3137
1248
2.8
$174,993
Change
+3.3%
-13.2%
-28.4%
+15.2%
Your Housing Forecast! The Right Pricing Will Keep Sales On Pace
FOR SELLERS:
Bright and HOT but Pricing is key. Keeping the pricing competitive and accurate with take the experience of a stellar Realtor.
Condo sales on the mainland of Brevard county are up a healthy 12.4% even though the available inventory has taken a sizable decrease of -39.2%. Having the right priced condo is key to keeping sales up. This quarter the
FOR BUYERS & INVESTORS:
overall price increase is up .7%, even though
Slightly Cloudy, with inventory tight and prices on the steady rise, you will need someone market savvy to guide you.
the inventory is low, making for smart price adjustments on the sellers part. The health of this market will depend upon the right price with this amount of inventory.
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
288
89
1.9
$92,630
2015
245
108
2.6
$82,683
Change
+17.6%
-17.6%
-28.7%
+12.0%
2016
9
6
4.0
$361,822
2015
20
23
10.5
$327,326
Change
-55.0%
-73.9%
-61.9%
+10.5%
2016
2
2
6.0
$581,500
2015
1
6
18.0
$809,000
Change
+100%
-66.7%
-66.7%
-28.1%
2016
0
0
0
$0
2015
0
0
0
$0
Change
0%
0%
0%
0%
2016
299
97
1.9
$104,003
2015
266
137
3.2
$103,308
Change
+12.4%
-29.2%
-39.2%
+0.7%
R E C E N T LY S O L D M A I N L A N D P R O P E R T I E S :
$600,000
5506 Ambersand Place
$495,000
705 Palmer Way
$382,500
1136 Shiloh Drive
E X C L U S I V E LY P R E S E N T I N G : On the Cover!!!
$826,500
340 Bay Point Drive
$574,900
3459 Poseidon Way
$330,000
1390 Walton Court
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