Brevard Year End Market Report for 2017

END OF THE YEAR

Br

e va r d

Market Report

Satellite Beach Office 1550 Highway A1A Satellite Beach, FL 32937

Indialantic Office 232 5th Avenue Indialantic, FL 32903

MARKET REPORT 2017 Brevard Beachside Year End Real Estate

Steady Sales Leads to Healthy Beachside Market If your dream was to buy an affordable home beachside in Brevard, sorry to say it but gone are the days when the Brevard Beachside housing market was the best kept secret on the Space and Treasure Coast. Inventory under $250K is scarce and when it is available it flies off the shelf, being on the market less than 3-4 weeks. If you find a property under $250k that you like, offer high and cross your fingers that you don’t get outbid. Cash is king especially as we are finding appropriate appraisals can be tough when securing a loan. However the market above $500k is very stable.

While homes in this segment are also selling briskly there’s a comfortable balance in negotiating power between buyers and sellers. With inventory just over 6 months, we are likely to see prices continuing to stay stable.While overall prices increased for beachside single family homes, 2

the 11% increase had more to do with a high number of units sold at the higher price point over $1mil rather than an overall price appreciation. 2018 should see similar, modest overall growth in prices with an expected increase of 4-6%, however, with similar sales for higher priced units expected, the average price increases will continue to be artificially inflated in the double digit range. Pricing a home correctly remains one of the determining factors on if your Beachside home will sell quickly.

Call your favorite Coldwell Banker Paradise agent for your free home evaluation today. Or call our offices at 321-951-3300 or in Satellite Beach at 321-222-9449. With eleven offices covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise is the largest full service real estate company in the area.

www.FLColdwellBanker.com

Brevard Beachside

RECENTLY SOLD

SOLD $1,175,000

754 Loggerhead Island Drive

SOLD $859,000

www.FLColdwellBanker.com

SOLD $685,000

859 Loggerhead Island Drive

499 Lighthouse Landing

SOLD $600,000

1426 Florida A1A #201

SOLD $525,000

745 Verbenia Drive

SOLD $490,000

SOLD $489,000

SOLD $468,000

SOLD $615,000

417 Tortoise View Circle

SOLD $466,000

301 Dunmore Court

436 Eagle Drive

SOLD $400,000

485 Cardinal Drive

416 Red Sail Way

Homes selling fast!

Call to see how much your home is worth!

321-222-9449 or 321-951-3300

711 Palm Drive

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WHERE EXCELLENCE LIVES

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8333 S HIGHWAY A1A S, MELBOURNE BEACH, FL 32951

200 SUNDANCE LANE, MERRITT ISLAND, FL 32952

This beautiful oceanfront home has 6 bedrooms and 6 bathrooms.

Built as a condominium/duplex. Amazing possibilities for this beachfront property. There are so many options! $2,198,000

Private 1200’ driveway leads to this beautifully detailed 2+ acre direct Indian River estate. A tropical retreat overlooking a deep water dock and two covered boat slips and lift. $2,100,000

Represented by: Sarah Munkacsy 321-890-2382 | sarah@sarahmunkacsy.com

Represented by: Bea Linda Jaffe and Michael Jaffe Mike: 321-258-3443 | bea.jaffe@coldwellbanker.com

847 MALIBU LN, INDIALANTIC, FL 32903

9235 SE BABCOCK ST SE, PALM BAY, FL 32909

One of the most Spectacular Vistas of the Indian River Lagoon.

Home and the Deck on the Outermost Point of the Lot Located at the Mouth of a deep water canal and the Lagoon. $1,399,000

Equestrian Palace, fully fenced with grand entrance gate, and a pond on 7.53 acres. Twin oval staircase with marble steps. Chef’s kitchen, butlers pantry and top of the line appliances. $949,000

Represented by: Anthony Scaramouche 321.536.2775 | anthonyscaramouche@cfl.rr.com

Represented by: Robenson Juste and Debbie Fitzgerald Robenson 772.971.2431 | Debbie 772.812.3300

www.FLColdwellBanker.com

395 ATZ RD, MALABAR, FL 32950

113 SEAGRAPE RD, MELBOURNE BEACH, FL 32951

RARE FIND on 19.70 acres in the beautiful town of Malabar in a quiet country setting, centrally located, minutes to I-95, hospital, shops, ocean, beach, Embraer, Harris & mall. $750,000

Country living at the beach!! Mother/Daughter home near Ocean and River and Vero Beach. Top of the line everything!

Complete renovation 2005 w/ gourmet kitchen. $739,000

Represented by: Lori A. Jelley 321.536.9133 | catchinhook@aol.com

Represented by: James Warburton 321.795.1885 | jimrealty2@gmail.com

340 BAY POINT DR, MELBOURNE, FL 32935

5315 HIGHWAY 1, GRANT VALKARIA, FL 32949

Breathtaking view of the Cove. Entranct to Eau Gallie Harbour & Eau Gallie Causeway. Pavered circular drive leads to this jewel of waterfront homes. Overlooks unsurpassed view. $725,000

Impeccable Riverfront home. Resort style Intracoastal living. Expansive views of wildlife in its natural habitat. Perfect for bird watchers and water enthusiasts. Watch the manatees and dolphins! $719,000

Represented by: Linda Coleman 321.543.6033

Represented by: Susan Maitner Susan 772.913.0222 | SMaitner@bellsouth.net

Indialantic Office 321.951.3300

5

WHERE EXCELLENCE LIVES

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2140 SYKES CREEK DR, MERRITT ISLAND, FL 32953

4955 S HIGHWAY 1, GRANT VALKARIA, FL 32949

Situated on Sykes Cove large 4B 2.5BA private pool home with plantation shutters throughout. Private 30Ft. boat dock just minutes’ boat ride to the ocean. Split bedroom floorplan. $699,900

Custom, turn-key home built on a block and concrete stem wall. Solid block and poured concrete from top to bottom. Many unique safety features. When you are ready to leave, just flip a switch. $645,000

Represented by: Robenson Juste and Debbie Fitzgerald Robenson 772.971.2431 | Debbie 772.812.3300

Represented by: Susan Maitner 772.913.0222 | SMaitner@bellsouth.net

689 MANDALAY GROVE CT, MERRITT ISLAND, FL 32953

5430 CALDER DR, MELBOURNE, FL 32940

Executive home in a gated community. Beautifully landscaped yard and inviting front porch. This is a home for a large family or entertaining. Expansive entryway opens to formal seating area. $622,000

New to-be-built home in prestigious St. Andrews Manor will exceed your expectations! Open concept design flows beautifully for daily living and entertaining! Spacious gourmet kitchen. $581,770

Represented by: The Munkacsy Team Alan 321.704.3735 | Sarah 321.890.2382

Represented by: Cristina Maria Quintana & Bea Linda Jaffe Cristina: 407.947.8620 | Bea Linda 321.951.3300

www.FLColdwellBanker.com

18259 SW 54TH ST, MIRAMAR, FL 33029

9448 52ND CT, SEBASTIAN, FL 32958

Single Story 4/3, on one of Sunset Falls Premium Lake Front Lots, (Only 2) that has barely been lived in since it was built and has been finished inside and outside by Designers and Professionals. $549,000

Direct Riverfront. Unobstructed views from this 3/3/1 fully furnished townhome located minutes to Sebastian Inlet. 1st & 2nd floor balconies overlook the intercostal, incl private dock w/boat lift. $525,000

Represented by: Michael Belcher 305.798.1564 | michael.belcher@coldwellbanker.com

Represented by: Dustin Haynes 772.205.1931 | Dustin@VeroBeachProperty.com

489 12TH SE PLACE,VERO BEACH 32962

270 SEAGLASS DR, MELBOURNE BEACH, FL 32951

Gated community of Ocean Ridge in Melbourne Beach.Very unique lot being .30 acre, on a quiet cul-de-sac. Beautiful views of the Indian River in front and beautiful lake views in your back yard. $498,900

In Wingate, on a Cul de Sac. near community pier overlooking the beautiful Indian River. Enjoy spectacular sunsets. It is a short walk to communities private access to the pristine beaches. $485,000

Represented by: Elizabeth Dore 321.536.0645 | erdyoga@bellsouth.net

Represented by: Sylvia Cooney, P.A. 321.604.6510 | sylviecoonie@outlook.com

Satellite Beach Office 321.222.9449

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Serving Over 130 Miles on the Space & Treasure Coast

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472 CARDINAL DR, SATELLITE BEACH, FL 32937

1811 HWY A1A 2404, INDIAN HARBOUR BCH, FL 32937

Live the Florida dream in deep water canal home with private free-form pool in Waterway Estates. $464,900 Represented by:Teresa Ferrara and Joseph Ferrara Teresa: 321.626.4192 | Joseph: 321.258.1361

Top floor 3/2 with a stunning, unobstructed, panoramic view of the Atlantic Ocean $459,000 Represented by: Marcella Goff 859.437.0417 | marcella.goff@coldwellbanker.com

170 OCEAN RIDGE DR, MELBOURNE BCH, FL 32951

3182 RICKS WAY, MELBOURNE BEACH, FL 32951

3/2 with some very desirable features including a heated salt water pool, outdoor kitchen and more. $449,000 Represented by: Sarah Munkascsy 321.890.2382 | sarah@sarahmunkacsy.com

Townhome in desirable Beachwoods. Stainless steel appl, solid surface countertops, open concept. $389,000 Represented by: Alan Munkacsy and Peter Hopkins Alan: 321.704.3735 | Peter 772.299.8240

4304 LONG LAKE RD, MELBOURNE, FL 32934

870 NE VIGNOLES AVE NE 5, PALM BAY, FL 32905

On .86 of an acre of land on corner lot located in the quiet neighborhood of Windover Farms. $379,900 Represented by: Elizabeth Dore 321.536.0645 | erdyoga@bellsouth.net

3 level end unit KEY WEST style 3 BD 31/2 BA is in a GATED COMMUNITY in a park-like setting! $349,000 Represented by: Bill Czechowski 321.651.5570 | wlczech@hotmail.com

www.FLColdwellBanker.com

We Have Over 280 Full time, Licensed REALTORSÂŽ

328 DEER RUN RD, PALM BAY, FL 32909

315 PINTO LN, PALM BAY, FL 32909

Charming & well maintained home on almost 3 acres of beautiful property zoned for horses. $330,000 Represented by: Susan Maitner 772.913.0222 | SMaitner@bellsouth.net

Pool home in coveted Equestrian Deer Park Community. Warm, welcoming home full of light. $290,000 Represented by: Susan Maitner 772.913.0222 | SMaitner@bellsouth.net

1616 21ST ST SW,VERO BEACH, FL 32962

3663 WHISPERWOOD CIR, MELBOURNE, FL 32901

City Water corner lot POOL Home with 2,000+ square feet, 4 bedroom, 3 full bath, deep 2 car garage. $284,500 Represented by: Lori Jelley 321.536.9133 | catchinhook@aol.com

City water, 2588 sf, open and spacious concrete home with lots of natural light seeping inside. $264,900 Represented by: Lori Jelley 321.536.9133 | catchinhook@aol.com

9845 HONEYSUCKLE DR, MICCO, FL 32976

59 BERKELEY ST, SATELLITE BEACH, FL 32937

Cozy home with huge oversized fenced yard, pool and hot tub. Plenty of additional parking. $252,000 Represented by: Susan Maitner 772.913.0222 | SMaitner@bellsouth.net

Unique property! 2 bedroom, 2 bath end unit townhome includes half vacant lot to the east. Location! $249,900 Represented by: Sandy Legere 321.626.0041 | sandylegere@gmail.com

Indialantic Office 321.951.3300

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MARKET REPORT 2017 Brevard Mainland Year End Real Estate

Vibrant and Robust Brevard Housing Market Outpaces all Others

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The Brevard housing market has become the most

year over year. With announced expansions from

vibrant along the Central Florida eastern coast. Jobs,

various companies we consider both trends likely to

jobs and more jobs with good incomes continue to

continue. New home construction is the bright spot

be added in various tech fields. For

of home for affordable housing

starter homes and those looking

options. Pricing a home correctly

for deals under $250k, this isn’t

remains one of the determining

necessarily good news as inventory

factors on if your Brevard

continues to be very scarce with

County home will sell quickly.

less than 1.5 months inventory and

Call your favorite Coldwell

barely three months supply in the

Banker Paradise agent for your

$250k-500K market. Prices however

free home evaluation today. Or

remained stable, most likely being held down by

call our offices at 321-951-3300. With eleven offices

the buyers ability to pay more with all the tech

covering 135 miles of Florida’s East Coast, Coldwell

employment happening locally. The $500k+ market

Banker Paradise is the largest full service real estate

continues to grow with sales up well over 30% in units

company in the area.

www.FLColdwellBanker.com

Brevard Mainland

RECENTLY SOLD

www.FLColdwellBanker.com

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Buying? Selling?

Renting? Investing?

Discover the Coldwell Banker Real Estate Difference

Trust the Company that dominates the Industry

321.951.3300

321.222.9449

232 5th Ave., Indialantic

1500 Hwy. A1A, Satellite Beach