2017 Brevard Beachside 3rd Quarter Real Estate
MARKET REPORT
$1,450,000 847 Malibu Lane, Indialantic
SATELLITE BEACH
1550 FLORIDA A1A 321-222-9449
INDIALANTIC
232 FIFTH AVE 321-951-3300
SEBASTIAN
1209 US-1 772-589-7777
Brevard Beachside 3rd Quarter Comparison 2017 to 2016 Strong Job Market Continues to Boost Island Housing Market Strong sales at the upper end of the market and stable inventory lead to an overall healthy and brisk housing market for both single family homes and condos during 3rd quarter of 2017, reports Coldwell Banker Paradise in their recently released Market Report. Inventory levels have remained stable, and growing slightly, leading to price stabilization across all the price points.
buoy local markets as well. With the US job market on a historic streak of over 80 months consecutive job growth, it is a good time to be buying or selling homes. As has been the case in recent years, interest rates are likely to remain low in the near future, with only gradual increases to come down the road. Buyer resistance, wage stagnation, and financing are all factors that are likely holding prices stable.
The largest full service real estate company on the Space and Treasure Coast, Coldwell Banker Paradise prides itself on its up to date and thorough market statistics. “It’s vital for our customers to keep a pulse on what is happening in the market, our agents are the best trained and most informed to help them make critical decisions at the right time,” stated CoOwner and Broker Linda Schlitt Gonzalez.
With eleven offices covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise recently celebrated 64 years of continued service to its clients and communities. Proud of its history, grounded in tradition, and growing thanks to its values, Coldwell Banker Paradise is the area’s only full service real estate company with six divisions including: residential sales and rentals, commercial sales and leases, property management, and concierge services. To speak with one of our agents, call one of our Brevard Beachside offices at: Indialantic, 321951-3300; or Satellite Beach, 321-222-9449.
With the local job market continuing its own robust pace, sales are likely to remain strong. However, due to the current healthy inventory levels, price increases are unlikely. National trends continue to
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
2017
356
44
1.1
$185,627
2016
464
46
0.9
$199,189
Change
-23.3%
-4.3%
+24.7%
-7.0%
2017
709
263
3.3
$368.126
2016
692
196
2.5
$375.503
Change
+2.5%
+34.2%
+31.0%
+8.0%
2017
207
102
4.4
$685,832
2016
181
129
6.4
$695,066
Change
+14.4%
-20.9%
-30.9%
-1.0%
2017
49
72
13.2
$1,516,851
2016
35
52
13.4
$2,225,123
Change
+40.0%
+38.5%
-1.1%
-32.0%
2017
1321
481
3.3
$411,338
2016
1372
423
2.8
$405,219
Change
-2.2%
+27.9%
+30.8%
+24.0%
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
2017
477
76
1.4
$151,489
2016
494
111
2.0
$179,231
Change
-3.4%
-31.5%
-29.1%
-15.0%
2017
277
180
5.8
$3456,271
2016
291
143
4.4
$354,715
Change
-4.8%
+25.9%
+32.2%
0.0%
2017
60
64
9.6
$655,097
2016
73
76
9.4
$671,382
Change
-17.8%
+15.8%
+2.5%
-2.0%
2017
1
9
81.0
$1,970,000
2016
5
4
7.2
$1,329,700
Change
-80.0%
+125.0%
+1025.0%
+48.0%
2017
815
329
3.6
$260,396
2016
863
334
3.5
$288,699
Change
-5.6%
+1.5%
+4.3%
-9%
New to the Market
$464,900
472 Cardinal Drive, Satellite Beach
$269,900
708 Marbrisa Court, Satellite beach
Our Agents Have the Competitive Edge! Using proprietary technology, our agents BRING THE BUYERS to each and every transaction. Using targeted software applications, and the latest in lead development and capture, our agents can not only target likely buyers, but have the technology in their hands, to put YOUR home in front of the most likely buyers. We don’t just work locally, but regionally, nationally and internationally to put your home front and center. With eleven offices covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise recently celebrated 64 years of continued service to its clients and communities. Proud of its history, grounded in tradition, and growing thanks to its values, Coldwell Banker Paradise is the area’s only full service real estate company with six divisions including: residential sales and rentals, commercial sales and leases, property management, and concierge services. To speak with one of our agents, call one of our Brevard Beachside offices at: Indialantic, 321-951-3300; or Satellite Beach, 321-222-9449.
A Selection of Recently Sold Properties
$859,000
859 Loggerhead Island Dr.
$454,000
815 S. Shannon Avenue
$254,500
191 Skyline Court