Brevard Mainland
RECENTLY SOLD
SOLD $715,000
SOLD $540,000
340 Bay Point Drive
67 Hill Top Land
SOLD $513,000
SOLD $505,000
1437 N. Jennings Lane
SOLD $439,000 1045 Shiloh Drive
708 Nicklaus Drive
SOLD $425,000
4409 Heaton Park Trail
www.FLColdwellBanker.com
SOLD $530,000 697 Nicklaus Drive
SOLD $425,000
545 Spring Lake Drive
SOLD $392,000
3862 Peacock Drive
Homes are selling fast! Call to see how much your home is worth! 321-951-3300 SOLD $380,000
3811 Funston Circle
SOLD $373,000
5239 Wexford Drive
INDIALANTIC OFFICE 232 5th Avenue Indialantic, FL 32903 SATELLITE BEACHOFFICE 1550 Highway A1A Satellite Beach, FL 32937
www.FLColdwellBanker.com
2018 Brevard Mainland Mid-Year
MARKET REPORT
Price Point
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
Condos Sold
Current Listings
Month’s Supply
Average Price
Under
2018
2032
578
1.7
$176,402
305
103
2.0
$113,818
$250,000
2017
2230
524
1.4
$166,576
293
113
2.3
$103,274
Change
-8.9%
10.3%
21.1%
6%
4.1%
-8.8%
-13%
10%
$250,001 to
2018
1041
642
3.8
$330,569
16
7
2.6
$363,938
$500,000
2017
906
480
3.2
$328,925
12
7
3.5
$361,458
Change
14.9%
33.8%
18.5%
0%
33.3%
0.0%
-25%
1%
$500,001 to
2018
135
180
8.0
$623,240
5
5
6.0
$648,593
$1,000,000
2017
105
152
8.7
$630,634
2
1
3.0
$556,250
Change
28.6%
18.4%
-8%
-1%
150%
400.0%
100.0%
17%
Over
2018
12
27
13.5
$1,236,667
0
1
#DIV/0!
-
$1,000,000
2017
14
30
12.9
$1,243,974
0
1
#DIV/0!
-
Change
-14.3%
-10.0%
5%
-1%
#DIV/0!
0.0%
#DIV/0!
#DIV/0!
2018
3193
1427
2.7
$248,237.78
326
116
2.1
$134,295.90
2017
3255
1186
2.2
$231,367.97
307
122
2.4
$116,316.87
Change
-1.9%
20.3%
22.7%
7%
6.2%
-4.9%
-12.5%
15%
Total
As the job sector continues to expand in Brevard, especially higher paying tech jobs, the housing market is tightening. Sales have increased in the mid to high level from $250k-$1mil by 11.9% and 28.6% respectively. Prices are stabilizing across most segments, a trend that continues into the markets south as well.There’s a slight adjustment in sales in both the lower end of the market and at the over $1mil segment, contributing to an overall slight drop in sales -1.9%. With prices stabilizing and inventory levels low, those buyers looking for opportunities under $500k will have to be positioned to move quick. With significant planned expansions in both tourism and technology, the Space Coast is once again rebuilding itself as a
destination for the boldest and brightest.The housing market is keeping pace, with sellers regaining equity and feeling confident and buyers having enough choice to make it competitive. It’s an excellent time for sellers to consider putting their house on the market while activity remains strong – especially as interest rates are only likely to climb, which may put the brakes on an otherwise healthy and steady housing market. If you would like to find the right price for your home in today’s changing market, contact us 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.