2017 Sebastian 3rd Quarter Real Estate
MARKET REPORT
$525,000 each side
9440 and 9448 52nd Court
SEBASTIAN
1209 US-1 772-589-7777
Sebastian 3rd Quarter Comparison 2017 to 2016 Short Inventory Leading to Maturing of Sebastian Housing Market The Sebastian housing market is undergoing a down the road. And although the economy is enjoying transition from an affordable place to buy to a higher robust growth, wages have not kept pace. A factor price point in home sales reports Coldwell Banker that is likely contributing to the price stabilization Paradise in their recently released 3rd Quarter Market we are seeing across markets. That, in combination Report for 2017. Formerly a housing market where with buyer resistance and financing are all holding buyers could purchase more affordable units under prices stable. $250K, much of the inventory at that price point for single family homes has With eleven offices covering disappeared. With one months supply Sales $250K+ Up 135 miles of Florida’s East and an -32% decline in sales, single family Coast, Coldwell Banker Paradise homes for sale under $250k are few and recently celebrated 64 years of far between. Strong sales at the mid-tocontinued service to its clients and higher level of the market dominated the communities. Proud of its history, 3rd Quarter. New construction is likely to grounded in tradition, and growing boost both inventory and average price thanks to its values, Coldwell Banker in coming months, with most new homes Paradise is the area’s only full coming onto the market at over $250k. service real estate company with six divisions including: residential National trends continue to buoy local markets as well. sales and rentals, commercial sales and leases, With the US job market on a historic streak of over 80 property management, and concierge services. months consecutive job growth, it is a good time to be buying or selling homes. As has been the case in To speak with one of our agents, call our Sebastian recent years, interest rates are likely to remain low in office at 772-589-7777. the near future, with only gradual increases to come
61%
SINGLE FAMILY HOMES Price Point Under $100,000
$100,001 to $250,000
$250,001 to $500,000
Over $500,000
Total
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
2017
23
6
2.3
$74,016
2016
34
2
0.5
$79,900
Change
-32.4%
+200.0%
+343.5%
-7.0%
2017
484
85
1.6
$191,455
2016
481
68
1.3
$187,418
Change
+0.6%
+25.0%
+24.2%
+2.0%
2017
124
57
4.1
$310,667
2016
77
51
6.0
$348,550
Change
+61.0%
+11.8%
-30.6%
-11.0%
2017
9
24
24.0
$913,444
2016
6
21
31.5
$940,443
Change
+61.0%
+14.3%
-23.8%
-3.0%
2017
640
172
2.4
$220,485
2016
598
142
2.1
$209,608
Change
+7.0%
+21.1%
+13.2%
+5.0%
New to the Market
$785,000
$290,000
$229,000
$224,900
11188 US Highway 1
587 Willow court
115 Curtis Circle
286 Columbus Court
Our Agents Have the Competitive Edge! Using proprietary technology, our agents BRING THE BUYERS to each and every transaction. Using targeted software applications, and the latest in lead development and capture, our agents can not only target likely buyers, but have the technology in their hands, to put YOUR home in front of the most likely buyers. We don’t just work locally, but regionally, nationally and internationally to put your home front and center.
With eleven offices covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise recently celebrated 64 years of continued service to its clients and communities. Proud of its history, grounded in tradition, and growing thanks to its values, Coldwell Banker Paradise is the area’s only full service real estate company with six divisions including: residential sales and rentals, commercial sales and leases, property management, and concierge services. To speak with one of our agents, call our Sebastian office at 772-589-7777.
A Selection of Recently Sold Properties
$239,900
663 Gossamer Wing Way
$150,000
6112 Riverrun Drive
$139,000
513 Carnival Terrace