2018 Mid-Year Market Report BREVARD COUNTY
SARAH MUNKACSY TEAM 321-890-2382
7797
S. Highway A1A 4 BEDROOMS • 4 FULL BATHS MELBOURNE BEACH • $1,895,000 COLDWELL BANKER PARADISE THE SARAH MUNKACSY TEAM 321-890-2382
Brevard Beachside Mid-Year Market Report
RECENTLY SOLD
SOLD $950,000
SOLD $1,200,000
SOLD $585,000
400 Riverside Drive
847 Malibu Lane
SOLD by SARAH
www.FLColdwellBanker.com
SOLD by SARAH
468 Bridgetown Court SOLD by SARAH
SOLD $580,000
SOLD $524,000 207 Ivory Drive
SOLD $480,800
14 Claymont Court
SOLD $470,000
SOLD $460,000
SOLD $440,000
581 Hwy A1a #302
302 Sanibel Way
SOLD by SARAH
SOLD by SARAH
SOLD $415,000
5165 Palmetto Drive
SOLD $385,000
5582 Beach Elder Way
210 Ivory Drive
472 Cardinal Drive
Homes are selling fast! Call to see how much your home is worth! The Sarah Munkacsy Team 321-890-2382
2018 Brevard Beachside 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
194
44
1.4
$195,719
321
82
1.5
$154,852
$250,000
2017
254
36
0.9
$191,185
327
96
1.8
$145,236
Change
-23.6%
22.2%
60.0%
2.0%
-1.8%
-14.6%
-16.19%
7%
$250,001 to
2018
538
255
2.8
$363,143
208
222
6.4
$356,611
$500,000
2017
463
223
2.9
$368,693
185
159
5.2
$345,300
Change
16.2%
14.3%
-1.6%
-2%
12.4%
39.6%
23.1%
3%
$500,001 to
2018
133
177
8.0
$654,920
62
89
8.6
$631,553
$1,000,000
2017
139
139
6.0
$662,853
46
101
13.2
$629,098
Change
-4.3%
27.3%
33.1%
-1%
34.8%
-11.9%
-34.8%
0%
Over
2018
34
85
15.0
$1,875,413
3
4
8.0
$1,500,033
$1,000,000
2017
26
74
17.1
$1,391,781
1
10
60.0
$1,970,000
Change
30.8%
14.9%
-12.2%
35%
200%
-60%
-86.7%
-24%
2018
899
561
3.7
$427,373.55
594
397
4.0
$282,052.13
2017
882
472
3.2
$394,091.52
559
366
3.9
$254,528.05
Change
1.9%
18.9%
15.6%
8%
6.3%
8.5%
2.6%
11%
Total
Job growth and a robust economy is keeping the Brevard housing market healthy. Inventory continues to be tight with only 3.7 months supply on hand and prices are seeing a healthy and steady climb. Prices are stabilizing across most segments, a trend that continues into the markets south as well. The only segment that saw movement in both price and sales was in the luxury waterfront market, with sales of over $1m properties up 30.8% and average price up 35%.
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. Its an excellent time for sellers to consider putting their house on the market while activity remains strong – especially as interest rates only likely to climb, which may put the brakes on an otherwise healthy and steady housing market.
“Sarah is an outstanding agent whose knowledge of the local market is extraordinary. She was able to show us several properties in a few days and helped us understand the pros and cons of each property such as what the HOA fees covered and rental restrictions . She also helped us understand the mortgage process and was able to recommend several possibilities for loans. Although we didn’t find a suitable property during this trip, she has continued to send us updates of available properties. We look forward to meeting with her again to review our options in the future.” - Ed B. “We found Sarah to be highly responsive, professional and knowledgeable of the local area. She provided my husband and I a very positive buyers experience through every phase of the purchase. We were relocating so Sarah made us feel very welcomed with some tips for a successful transition. We highly recommend Sarah for all your real estate needs!” - Sarah D.
Brevard Mainland Mid-Year Market Report
RECENTLY SOLD
www.FLColdwellBanker.com
SOLD by SARAH
SOLD $715,000
SOLD $540,000
340 Bay Point Drive
67 Hill Top Land
SOLD $513,000
SOLD $505,000
SOLD $530,000 697 Nicklaus Drive
SOLD by SARAH
1437 N. Jennings Lane
SOLD $439,000 1045 Shiloh Drive
708 Nicklaus Drive
SOLD $425,000
4409 Heaton Park Trail
SOLD by SARAH
SOLD $380,000
3811 Funston Circle
SOLD $373,000
5239 Wexford 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! The Sarah Munkacsy Team 321-890-2382
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
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%
$250,000
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.
SARAH MUNKACSY TEAM
Staging Homes TO SELL A home that looks its best is more likely to sell faster and for a better price. Here are a few tips from the experts for preparing your home for market and staging it for showings. Outside Repaint or touch up trim Make needed repairs Wash windows and screens Trim trees, hedges and shrubs Weed and feed lawn and maintain mowing Entrance Check doorbell and replace light bulbs Put out new welcome mat Clean/repair/repaint front door Sweep walkway General Replace burned-out light bulbs Clear out closets Eliminate clutter Neutralize and depersonalize
Call us at 321-890-2382 for how we can help you earn more money on the sale of your home with the right staging
Rooms Touch up or repaint walls, trim and ceilings Clean or replace carpeting Clean curtains, shutters and blinds Clean fireplace, mantle and surrounding areas Update décor: throw pillows, bedspreads, towels Kitchen & Bath Clean appliances inside and out Clear out and clean cabinets, drawers and pantry Clean, repair or replace faucets and fixtures Declutter counters Regrout sinks, tubs and showers Before Each Showing Pick up toys and clutter Clear off counters and tabletops Turn on lights Make beds Make sure home smells inviting
SARAH MUNKACSY TEAM
Elder and Estate Specialized Listing Program WE UNDERSTAND TRANSITIONS We have personally travelled this road, as baby boomer children of aging parents. On the one hand we had parents in their late 80’s living in the house they built together in 1952 with 54 years of memories and accumulation. Our father was a tireless caretaker of the love of his life as she slipped into Alzheimer’s. On the other hand, we had our mother in her early 80’s recovering from 2 broken hips, suffering with severe COPD and the beginning stages of dementia. Both parents were having an awful time accepting that they were entering a new stage of life and it was time to move on.
Call us at 321-890-2382 for our complete list of elder care services
THE SARAH MUNKACSY TEAM PROVIDES COMPASSION We understand the emotions of the journey and provide our services with the same compassion, caring and empathy that we needed to move our parents through their transitions. Here is an excerpt from a testimonial by Jim Warburton, a Realtor® with Coldwell Banker Paradise, who asked us to consult with him on a new listing from an 85 year old widow who has lived a remarkable life. She recognized that it was time to move out of her house and into a retirement community:
“At this point, I was a little concerned due to my client’s emotional fragility toward removing her life from the walls. It was an area that needed to be handled gently. Sarah and her husband, Al, at our first meeting confirmed to her everything I said, and started to help by the removing and storing of her treasures. They handled the situation with the firmness but gentleness and the understanding that the situation called for. They understood her frailty and treated her as if she were family. I am extremely pleased with their professionalism and help, and highly recommend them as an important step in the sales process. Nothing but good can result from their consultation.” - Jim Warburton
The Sarah Munkacsy Team
Sarah Munkacsy, REALTOR® - Team Leader, specializing in Elder and Estate Service, Staging, Global Luxury Listings and Residential. Direct Line: 321-890-2382 Email: Sarah.Munkacsy@cbparadise.com Alan Munkacsy, REALTOR® - With a background in engineering, Al specializes in Commercial and Residential and helps managet the Elder and Estate Services as well as Staging Assignments Direct Line: 321-704-3735 Email: Alan.Munkacsy@cbparadise.com Samantha Howe, REALTOR® - Specializes as a Buyer’s Agent with a passion for working with families who have children and animals. Direct Line: 517-488-2722 Email: Samantha.Howe@cbparadise.com Joel Danforth, REALTOR® - A Fitness expert and former business owner, Joel brings compassion and wonderful customer service skills to the table. Direct Line: 321-591-5061 Email: Joel.Danforth@cbparadise. com Jason Geiger, REALTOR® - Formerly employed with Harris, Jason is a former client of The Sarah Munkacsy Team. He became a realtor and joined the team after downsizing his own home and seeing how rewarding being a Realtor is. Direct Line: 321-586-7668 Email: Jason.Geiger@cbparadise.com Barb Jones, REALTOR® - Barbara got her introduction to real estate through selling her home with The Sarah Munkacsy Team. Representing the team in Indian River County, Barbara is a former Paralegal. Direct Line: 720-261-4183 Email: Barbara.Jones@cbparadise.com