Brevard Beachside Mid-Year Market Report
RECENTLY SOLD
SOLD $1,200,000
SOLD $950,000
www.FLColdwellBanker.com
SOLD $585,000
847 Malibu Lane
400 Riverside Drive
468 Bridgetown Court
SOLD $580,000
SOLD $524,000 207 Ivory Drive
SOLD $480,800
14 Claymont Court
SOLD $470,000
SOLD $460,000
SOLD $440,000
302 Sanibel Way
581 Hwy A1a #302
210 Ivory Drive
472 Cardinal Drive
Homes are selling fast! Call to see how much your home is worth! 321-222-9449 SOLD $415,000
5165 Palmetto Drive
SOLD $385,000
5582 Beach Elder Way
SATELLITE BEACH OFFICE 1550 Highway A1A Satellite Beach, FL 32937 INDIALANTIC OFFICE 232 5th Avenue Indialantic, FL 32903
www.FLColdwellBanker.com 2018 Brevard Beachside Mid-Year
MARKET REPORT
Price Point
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
Condos Sold
Current Listings
Month’s Supply
Average Price
Under
2018
194
44
1.4
$195,719
321
82
1.5
$154,852
$250,000
2017
254
36
0.9
$191,185
327
96
1.8
$145,236
Change
-23.6%
22.2%
60.0%
2.0%
-1.8%
-14.6%
-16.19%
7%
$250,001 to
2018
538
255
2.8
$363,143
208
222
6.4
$356,611
$500,000
2017
463
223
2.9
$368,693
185
159
5.2
$345,300
Change
16.2%
14.3%
-1.6%
-2%
12.4%
39.6%
23.1%
3%
$500,001 to
2018
133
177
8.0
$654,920
62
89
8.6
$631,553
$1,000,000
2017
139
139
6.0
$662,853
46
101
13.2
$629,098
Change
-4.3%
27.3%
33.1%
-1%
34.8%
-11.9%
-34.8%
0%
Over
2018
34
85
15.0
$1,875,413
3
4
8.0
$1,500,033
$1,000,000
2017
26
74
17.1
$1,391,781
1
10
60.0
$1,970,000
Change
30.8%
14.9%
-12.2%
35%
200%
-60%
-86.7%
-24%
2018
899
561
3.7
$427,373.55
594
397
4.0
$282,052.13
2017
882
472
3.2
$394,091.52
559
366
3.9
$254,528.05
Change
1.9%
18.9%
15.6%
8%
6.3%
8.5%
2.6%
11%
Total
Job growth and a robust economy is keeping the Brevard housing market healthy. Inventory continues to be tight with only 3.7 months supply on hand and prices are seeing a healthy and steady climb. Prices are stabilizing across most segments, a trend that continues into the markets south as well. The only segment that saw movement in both price and sales was in the luxury waterfront market, with sales of over $1m properties up 30.8% and average price up 35%.
is keeping pace, with sellers regaining equity and feeling confident and buyers having enough choice to make it competitive. Its an excellent time for sellers to consider putting their house on the market while activity remains strong – especially as interest rates only likely to climb, which may put the brakes on an otherwise healthy and steady housing market.
If you would like to find the right price for your home in today’s changing market, contact us at 321-951-3300 or in Satellite Beach at With significant planned expansions in both tourism and 321-222-9449. With eleven offices covering 135 miles of Florida’s East technology, the Space Coast is once again rebuilding itself as a Coast, Coldwell Banker Paradise is the largest full service real estate destination for the boldest and brightest.The housing market company in the area.