Brevard Island 2014 Year End Real Estate Market Report

2014 Brevard Island Year End Real Estate

MARKET REPORT

SOLD $3,750,000 Melbourne Beach Highest sold price in Brevard County 1,200 sf Oceanfront

Indialantic Office 232 Fifth Avenue, Indialantic, FL 32903

321.951.3300

2014 Brevard Island Year End Real Estate Report Whether you’re thinking about buying a home, selling your home, or you’re just curious about your home’s value, it’s important to know about trends in the real estate market that could impact your home’s value and your financial security. Unfortunately, information about price appreciation and sales activity that is published by traditional media forums is very general and may not be consistent with what’s happening in your neighborhood or price point. Information contained in this report is designed to give you greater insight into trends that are occurring in your neighborhood, by price point.

In general, real estate activity on the island remained strong in 2014. For example, Single-family home sales were up and inventory was down for properties sold under $1 million. Condominium sales also posted solid gains, with inventory dropping. It’s interesting to note the average price changes were mixed, depending on the price point.

With inventory levels below 6 months for properties listed for under $500,000, prices should increase for both single-family and condominium sales in 2015. Higher priced properties could experience minimal price appreciation because inventory levels have remained stubbornly high.

Call us today for information about your home’s value. We understand the market, list with us. Contact us at our Indialantic/Melbourne office 321-951-3300. All discussions will remain strictly confidential.

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 ISLAND SINGLE FAMILY HOMES YEAR END 2014 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

2014

939

130

1.7

$164,326

2013

828

195

2.8

$159,854

Change

+13%

-33%

-39%

+3%

2014

661

219

4

$338,732

2013

571

269

5.7

$341,974

Change

+16%

-19%

-29.8%

-1%

2014

148

115

9.3

$668,861

2013

107

114

12.8

$682,462

Change

+38%

+1%

-27%

-2%

2014

30

60

24

$1,414,313

2013

31

74

28.6

$1,387,440

Change

-3%

-19%

-16%

+2%

2014

1,778

524

3.5

$292,252

2013

1,537

652

5.1

$288,654

Change

+16%

-20%

-31%

+1%

BREVARD ISLAND CONDOS YEAR END 2014 COMPARISON TO FIRST QUARTER 2014 Price Point

Year

Condos Sold

Current Listings

Month’s Supply

Average Price

2014

971

286

3.5

$138,376

2013

957

260

3.3

$126,870

Change

+1%

+10%

+6%

+9%

2014

323

158

5.9

$334,791

2013

290

255

10.6

$343,844

Change

+11%

-38%

-44%

-3%

2014

45

70

18.7

$660,411

2013

34

48

16.9

$640,522

Change

+32%

+46%

+11%

+3%

2014

0

3

0

0

2013

0

0

0

0

Change

0%

300%

0%

0%

2014

1,339

517

4.6

$203,301

2013

1,281

563

5.3

$189,623

Change

+5%

-8%

-13%

+7%

Under $250,000

$250,000 to $500,000

$500,001 to $1,000,000

Over $1,000,000

Total

EXCLUSIVELY PRESENTING:

$494,000

$414,900

$389,000

284 Clyde Street

314 Cocoa Avenue

409 Nautilus Drive

MELBOURNE BEACH

EXECUTIVE POOL HOME • INDIALANTIC

WATERFRONT • SATELLITE BEACH

$235,000

$229,900

$229,000

4000 Ocean Beach Boulevard

929 Bluewater Drive

431 Stonehenge Circle

OCEANFRONT • COCOA BEACH

1 BLOCK FROM BEACH • SATELLITE BEACH

WATERFRONT • ROCKLEDGE

WE INVITE YOU TO VIEW OUR ENTIRE COLLECTION AT:

FLColdwellBanker.com

PRSRT SSTD ECRWSS U.S. POSTAGE PAID EDDMRETAIL

A SELECTION OF RECENT SOLDS: SO LD IN 5 DAYS

$549,900

SOLD for $509,000

SATELLITE BEACH

$459,000

SOLD for $410,000

COCOA

93 Delannoy Avenue

477 Laternback Island Drive

SOLD IN 16 DAYS

$409,900

MELBOURNE BEACH

389 Pentland Drive

SOLD IN 7 DAYS

SOLD for $400,000 $339,900

MELBOURNE

1269 Tipperary Drive

SOLD for $320,000

$279,900

MERRITT ISLAND

SOLD for $258,000

1242 Curry Dell Lane

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