2015 Brevard Mainland First Quarter Real Estate
MARKET REPORT
Offered at $825,000 The Willows Melbourne
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 Mainland 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. For single family homes priced under $500k, the market supply of inventory dipped from a balanced market to a shortage of supply creating strong price increases. For single family homes in Brevard County priced under $500k, the market supply of inventory dipped from a balanced market to a shortage of supply creating strong price increases in homes under $250k of $129k average price. Average prices for single family homes increased by almost 11% and average prices for condos improved by 26%. In the over $250k 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 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 Brevard 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 MAINLAND 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
1,156
803
2.1
$129,156
2014
1,135
1,069
2.8
$116,491
Change
1.9%
-24.9%
-26.2%
10.9%
2015
196
342
5.2
$318,772
2014
155
299
5.8
$326,665
Change
26.5%
14.4%
-9.5%
-2.4%
2015
26
122
14.1
$649,104
2014
7
108
46.3
$660,097
Change
271.4%
13%
-69.6%
-1.7%
2015
1
19
57
$1,166,800
2014
0
18
N/A
N/A
Change
100%
5.6%
N/A
N/A
2015
1,379
1,286
2.8
$166,662
2014
1,297
1,494
3.5
$144,542
Change
6.3%
-13.9%
-19%
15.3%
BREVARD MAINLAND 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
125
108
2.6
$83,497
2014
127
148
3.5
$65,915
Change
-1.6%
-27%
-25.9%
26.7%
2015
8
28
10.5
$349,188
2014
7
21
9
$353,000
Change
14.3%
33.3%
16.7%
-1.1%
2015
1
6
18
$809,000
2014
0
3
N/A
N/A
Change
100%
100%
N/A
N/A
2015
0
1
N/A
N/A
2014
0
0
N/A
N/A
Change
0%
100%
N/A
N/A
2015
134
143
3.2
$104,774
2014
134
172
3.9
$80,912
Change
0%
-16.9%
-16.9%
29.5%
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