2017 Sebastian 3rd Quarter Real Estate
MARKET REPORT
Coastal Dreams Offered at $1,375,000 13155 N. Indian River Dr. (176134)
Susan Maitner
Global Luxury Certified Agent 772-913-0222 smaitner@bellsouth.net
Sebastian 3rd Quarter Comparison 2017 to 2016
Short Inventory Leading to Maturing of Sebastian Housing Market The Sebastian housing market is undergoing a remain low in the near future, with only gradual transition from an affordable place to buy to a higher increases to come down the road. And although the price point in home sales reports Coldwell Banker economy is enjoying robust growth, wages have not Paradise in their recently released 3rd Quarter Market kept pace. A factor that is likely contributing to the Report for 2017. Formally a housing market where price stabilization we are seeing across markets. That, buyers could purchase more affordable units under in combination with buyer resistance and financing $250K, much of the inventory at that are all holding prices stable. price point for single family homes has disappeared. With one months supply Sales $250K+ Up With eleven offices covering 135 and an -32% decline in sales, single family miles of Florida’s East Coast, Coldwell homes for sale under $250k are few and Banker Paradise recently celebrated far between. Strong sales at the mid-to64 years of continued service to its higher level of the market dominated the clients and communities. Proud of 3rd Quarter. New construction is likely to its history, grounded in tradition, boost both inventory and average price and growing thanks to its values, in coming months, with most new homes Coldwell Banker Paradise is the coming onto the market at over $250k. area’s only full service real estate company with six divisions including: National trends continue to buoy local markets as well. residential sales and rentals, commercial sales and With the US job market on a historic streak of over 80 leases, property management, and concierge services. months consecutive job growth, it is a good time to To speak with Susan Maitner, Global Luxury Certified be buying or selling homes. As has been the case in Agent, call 772-913-0222 today, or email smaitner@ recent years, interest rates are likely to bellsouth.net.
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%
A Sample of Susan’s Listings
$785,000
$780,000
$645,000
$599,000
11188 US Highway 1
4955 S US Highway 1
13380 Old Dixie Highway
12545 Roseland RD
A Selection of Recently Sold Properties
$340,000
$340,000
$345,000
$535,000
9673 Fleming Grant Road
5285 94th Lane
1568 Eagles Circle
9554 Riverview Drive