2017 Brevard Beachside 3rd Quarter Real Estate

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