Brevard Mainland Mid-Year Market Report
RECENTLY SOLD Aline Daniels, REALTOR® 321-427-5117 • Aline.Daniels@gmail.com
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! Aline Daniels,REALTOR® SOLD $380,000
3811 Funston Circle
SOLD $373,000
5239 Wexford Drive
321.427.5117
Aline Daniels, REALTOR® • I have been a professional real estate specialist since 1975 • Selling real estate in Melbourne since 1997 • Life member of Multi Dollar Club of Memphis Tennessee • PROVEN...Track record Aline Daniels • Advanced education Satellite Beach Office Coldwell Banker Paradise • Expertise in financing, technology & marketing 1550 A1A Satellite Beach, FL 32937 • Ability To Maximize Profits/Minimize Costs • Screen prospective buyers and sellers • Negotiate your best interest and Assist you in a successful sale
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.
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.
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.
If you would like to find the right price for your home in today’s changing market, contact Aline Daniels, REALTOR® 321.427.5117.