Brevard Island Third Quarter Market Report

2014 Brevard Island Third Quarter Real Estate

MARKET REPORT

340 Bay Point Dr. Offered at $990,500

Indialantic Office 232 Fifth Avenue, Indialantic, FL 32903

321.951.3300

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

$449,000

$389,000

$375,000

1915 Caterbury Drive

939 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

C

oldwell Banker Paradise is the largest real estate brokerage firm in the area, with 9 offices serving St. Lucie, Indian River and Brevard Counties. We are commited to providing the highest level of real estate services to our clients.

For over 60 years our family-owned and operated company has assembled a highly trained and professional sales organization. We have specialists in residential and commercial sales, leasing services for both, as well as a property management division.

Whether you are considering buying, selling, leasing or professional management of your property, give us a call. We are open 7 days a week for your convenience.

INDIALANTIC 321-951-3300