2015 Brevard Island First Quarter Real Estate
MARKET REPORT
Just Reduced to $539,000 5247 Solway Drive Melbourne Beach
Indialantic Office 232 Fifth Avenue, Indialantic, FL 32903
321.951.3300
Coldwell Banker Paradise Reports Positive Housing Market Trends for 1st Quarter of 2015 on the Island in Brevard County Shrinking inventory, steady economic improvement and consumer confidence led to overall gains in the local housing market, reported Coldwell Banker Paradise, the trusted leader in local real estate from Jensen to Cocoa Beach in its just released 2015 1st Quarter market analysis available to its agents and their clients. “Just as 2014 was a transition year from recovery to stabilization, so has 2015 started out, steady but overall positive across the board, it is just the kind of steady and slow rate of growth we like to see,” stated Co-Owner and Broker Steven Schlitt.
If the inventory remains at such a low level price increases will continue to increase into second quarter of 2015. Under $500k market supply of inventory dipped from a balanced market to a shortage of supply creating strong price increases in homes under $250k, with an $171k average price. If the inventory remains at such a low level price increases will continue to increase into second quarter of 2015. In the over $500k market inventory improved to a more balanced market between buyers and sellers and prices stabilized as well with only small changes up and down.
What’s my home or condo worth in today’s market? Coldwell Banker Paradise agents are experts in the local housing market and can help you assess your property. Call us today at our Indialantic Office 321-951-3300. All discussions are strictly confidential. Serving all four counties on the Treasure and Space Coast (Brevard, Indian River, St. Lucie and Martin Counties) Coldwell Banker Paradise has nine offices and over 210 agents. 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 FIRST QUARTER 2015 COMPARISON TO FIRST QUARTER 2014 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
2015
185
118
1.9
$171,487
2014
208
195
2.8
$152,112
Change
-11.1%
-39.5%
-32%
12.7%
2015
168
229
4.1
$344,651
2014
122
269
6.6
$333,101
Change
37.7%
-14.9%
-38.2%
3.5%
2015
42
114
8.1
$694,339
2014
34
114
10.1
$697,964
Change
23.5%
0%
-19%
-0.5%
2015
13
54
12.5
$1,772,154
2014
3
74
74
$1,263,333
Change
333.3%
-27%
-83.2%
40.3%
2015
408
515
3.8
$347,614
2014
367
652
5.3
$271,930
Change
11.2%
-21%
-28.9%
27.8%
BREVARD ISLAND CONDOS FIRST QUARTER 2015 COMPARISON TO FIRST QUARTER 2014 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
2015
168
219
3.9
$126,348
2014
178
260
4.4
$125,622
Change
-5.6%
-15.8%
-10.8%
0.6%
2015
75
142
5.7
$342,250
2014
58
255
13.2
$347,914
Change
29.3%
-44.3%
-56.9%
-1.6%
2015
15
84
16.8
$622,167
2014
11
48
13.1
$644,227
Change
36.4%
75%
28.3%
-3.4%
2015
0
4
0
0
2014
0
0
0
0
Change
0%
400%
0%
0%
2015
258
449
5.2
$217,937
2014
247
563
6.8
$200,916
Change
4.5%
-20.2%
-23.6%
8.5%
EXCLUSIVELY PRESENTING:
$1,180,000
$875,000
$615,000
5443 The Willows Drive
10016 Tropical Trail
2085 Highway A1A
MELBOURNE
MERRIT ISLAND WATERFRONT
INDIAN HARBOUR BEACH
$549,900
$460,000
$457,900
5247 Solway Drive
284 Clyde Street
3770 Raney Road
MELBOURNE BEACH
MELBOURNE BEACH
TITUSVILLE
WE INVITE YOU TO VIEW OUR ENTIRE COLLECTION AT:
FLColdwellBanker.com
PRSRT SSTD ECRWSS U.S. POSTAGE PAID EDDMRETAIL
A SELECTION OF RECENT SOLDS: S O LD IN 1 0 DAYS
$639,000
SATELLITE BEACH
CONTINGENT $498,900
SOLD for $470,000
MELBOURNE BEACH
380 Nikomas Way
1610 Sun Pointe
SOLD IN 4 DAYS
SOLD IN 6 DAYS
$389,900
SATELLITE BEACH
409 Nautilus Drive
SOLD for $370,000 $325,900
MELBOURNE BEACH
250 Sea Dunes Drive
CONTINGENT $279,000
WEST MELBOURNE
SOLD for $279,000
7968 Timberlake Drive
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