2017 Brevard Mainland 3rd Quarter Real Estate
MARKET REPORT
$949,000 9235 S.E. Babcock Street
SATELLITE BEACH
1550 FLORIDA A1A 321-222-9449
INDIALANTIC
232 FIFTH AVE 321-951-3300
SEBASTIAN
1209 US-1 772-589-7777
Brevard Mainland 3rd Quarter Comparison 2017 to 2016 Low Inventory and Price Stabilization Lead the Charge in the Brevard Mainland Housing Market The housing market on the mainland in Brevard County is wages have not kept pace. It remains a good time to be a remarkable for having the lowest inventory levels across the buyer as interest rates are likely to remain low in the near Space and Treasure Coast, reports Coldwell Banker Paradise future, with only gradual increases to come down the road. in their recently released 3rd Quarter Market Report for Overall, it’s a good sign, as stabilization in pricing is a strong 2017. The largest full service real estate company on the indicator of long term housing market health. Space and Treasure Coast, Coldwell Banker Paradise prides itself on its up to date and thorough market With eleven offices covering 135 miles of statistics. “It’s vital for our customers to Florida’s East Coast, Coldwell Banker Paradise Sales $250K+ Up keep a pulse on what is happening in the recently celebrated 64 years of continued market, our agents are the best trained and service to its clients and communities. Proud most informed to help them make critical of its history, grounded in tradition, and decisions at the right time,” stated Co-Owner growing thanks to its values, Coldwell Banker and Broker Linda Schlitt Gonzalez. Paradise is the area’s only full service real
22%
In general, low inventory levels might lead to price increases, however, wage stagnation is likely a factor leading to price stabilization. That, in combination with buyer resistance and financing are all holding prices stable. While the local job market reflects the robust pace of the national streak of over 80 months consecutive job growth,
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 offices in Brevard County: Indialantic, 321-951-3300; or Satellite Beach, 321-222-9449.
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
3284
538
1.5
$172,015
2016
3664
56670
1.4
$175,850
Change
-10.4%
-5.6%
+5.3%
-2.0%
2017
1406
531
3.4
$339,133
2016
1151
402
3.1
$347,104
Change
+22.2%
+32.1%
+8.1%
-2.0%
2017
164
159
8.7
$646,715
2016
137
138
9.1
$665,851
Change
+19.7%
+15.2%
-3.8%
-3.0%
2017
18
22
11.0
$1,293,497
2016
6
21
31.5
$1,404,798
Change
+200.0%
+4.8%
-65.1%
-8.0%
2017
4872
1250
2.3
$240,366
2016
4958
1131
2.1
$230,634
Change
-1.7%
+10.5%
+12.5%
+4.0%
CONDOS Price Point Under $250,000
$250,001 to $500,000
$500,001 to $1,000,000
Total
Year
Condos Sold
Current Listings
Month’s Supply
Average Price
2017
423
107
2.3
$110,520
2016
418
75
1.6
$102,001
Change
+1.2%
+42.7%
+41.0%
+8.0%
2017
15
8
4.8
$382,160
2016
13
16
11.1
$422,281
Change
+15.4%
+50.0%
-55.7%
-10%
2017
2
1
4.5
$599,900
2016
2
4
18.0
$584,950
Change
0.0%
-75.0%
-75.0%
-4.0%
2017
440
117
2.4
$122,005
2016
433
96
2.0
$113,848
Change
+1.6%
+21.9%
+19.9%
+7.0%
New to the Market
$385,000
1422 Victoria Boulevard, Malabar
$239,900
905 Holloway Trail, Indialantic
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 offices in Brevard County,:Indialantic, 321-951-3300; or Satellite Beach, 321-222-9449.
A Selection of Recently Sold Properties
$235,000
814 Pembroke Avenue
$220,000
5295 Brillance Circle
$103,500
2700 N. Highway A1A