2014 Brevard Island Mid-Year Real Estate
MARKET REPORT
7797 Highway A1A Offered at $2,495,000
Indialantic Office 232 Fifth Avenue, Indialantic, FL 32903
321.951.3300
2014 Brevard Island Mid-Year Real Estate Report As specialists in our area, we are pleased to present mid-year key market indicators impacting local real estate values this year. We use this information to forecast market trends that are likely to occur throughout the year. Buyers, sellers and homeowners can make informed decisions based on current and comprehensive information specific to our area. Historically, both the housing market and economy have been cyclical. After years of declining real estate values, stabilization is finally at hand. The indicators reflect mixed results for mid-year 2014 compared to the same time period a year earlier. Sales activity in most categories increased, and inventory levels remained close to stable, or decreased. However changes in the average sales prices varied in different market segments. The overall data suggests that a positive change in our local real estate market is well underway. We invite your inquiries and welcome the opportunity to be of service to you. Please contact us directly at 321-951-3300. 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 MID-YEAR 2014 COMPARISON TO MID-YEAR 2013 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
428
180
2.5
$157,053
2013
396
320
4.8
$158,422
Change
+8%
-44%
-48%
-1%
2014
271
234
5.2
$333,509
2013
246
270
7
$343,899
Change
+10%
-13%
-26%
-3%
2014
68
130
11.5
$675,758
2013
46
125
16.3
$682,209
Change
+48%
+4%
-29%
-1%
2014
12
77
38.5
$1,430,575
2013
11
67
12.2
$1,452,273
Change
+9%
+15%
+216%
-1%
2014
834
650
4.7
$292,109
2013
760
751
5.9
$293,336
Change +10% -13% -20% 0% *2014 Current listing data as of 6/30/14 and 2013 current listing data as of 12/31/13. Based on number of homes listed and sold as reported by the MLS systems taken from Terradatum in Brevard County.
BREVARD ISLAND CONDOS MID-YEAR 2014 COMPARISON TO MID-YEAR 2013 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
2014
363
209
3.5
$128,306
2013
393
289
4.4
$118,775
Change
-8%
-28%
-20%
+8%
2014
136
169
7.5
$336,802
2013
136
284
12.5
$339,630
Change
0%
-40%
-40%
-1%
2014
22
45
12.3
$665,023
2013
14
60
25.7
$633,536
Change
+57%
-25%
-52%
+5%
2014
0
1
-
-
2013
0
1
-
-
Change
0%
0%
-
-
2014
521
424
4.9
$205,395
2013
543
634
7
$187,348
Change
-4%
-33%
-30%
+10%
*2014 Current listing data as of 6/30/14 and 2013 current listing data as of 12/31/13. Based on number of homes listed and sold as reported by the MLS systems taken from Terradatum in Brevard County.
G
EXCLUSIVELY PRESENTING:
N DI
N
PE
$2,600,000
$799,950
$1,299,000
313 Oak Street
10016 S. Tropical Trail
195 May Drive
$998,000
$695,000
$879,000
340 Bay Point Drive
6000 Highway A1A
1001 Riverside Drive
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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