Brevard Mainland 2015 First Quarter Real Estate Market Report

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