Sebastian Mid-Year Market Report
RECENTLY SOLD
SOLD $675,000
SOLD $372,500
5315 S. US Highway 1
615 Mallow Scrub Way
SOLD $265,500
SOLD $310,000
381 Joy Haven Drive
474 Lanfair Avenue
SOLD $240,000
SOLD $219,150
110 Amherst Lane
511 Concha Drive
www.FLColdwellBanker.com
SOLD $308,000
648 Brush Foot Drive
SOLD $290,000
6265 N Mirror Lake Drive
SOLD $209,000
973 Gardenia Street
Homes are selling fast! Call to see how much your home is worth! 772-589-7777 SOLD $182,000 738 George Street
SOLD $175,000
1512 Clearbrook Street
SEBASTIAN OFFICE 1209 US-1 Sebastian, FL 32958 772-589-7777
www.FLColdwellBanker.com
MARKET REPORT
2018 Sebastian Mid-Year Price Point
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
Under
2018
10
2
1.2
$77,730
$100,000
2017
18
1
0.3
$73,438
Change
-44.4%
100%
300%
+6.0%
$100,000 to
2018
291
94
1.9
$190,314
$250,000
2017
323
100
1.9
$185,218
Change
-9.9%
-6.0%
+4.3%
+3.0%
$250,000-
2018
100
86
5.2
$303,349
$500,000
2017
77
47
3.7
$293,761
Change
+29.9%
+83%
+40.9%
+3.0%
2018
8
21
15.8
$642,500
Over $500,000 Total
2017
5
20
24.0
$885,500
Change
+60.0%
+5.0%
-34.2%
-27.0%
2018
409
203
3.0
$224,042.97
2017
423
168
2.4
$208,497.39
Change
-3.3%
+20.8%
+25%
+7.0%
The housing market in Sebastian, while increasing in price by 7%, is still a very affordable community for growing families and those looking to purchase their own piece of paradise. Buyers love Sebastian for its friendly small town feeling and great community values. While the average home price is still only $224,042, buyers that used to be able to find homes under $200K are having a harder time with sales down 11% under $100k and 6.3% under $250k. Equity and value are driving factors in the Sebastian housing market with the biggest movement in overall sales, inventory, and price in the $250k-$500k market segment. Sellers are regaining enough equity to make it attractive to think about upsizing to luxury waterfront or downsizing to fit their new life needs. Sellers trying to price too aggressively at
the higher end of the market (over $500k) might want to be cautious due to a slight price adjustment of -5.0%. So the mixed message is, buyers in the lower end market need to act quickly and bid aggressively or risk missing out. In the mid and upper end markets, there is a selection for buyers, and while prices are slowly increasing, sellers need to look closely at the competition and price their homes appropriately. If you would like to find the right price for your home in today’s changing market, contact us at 772-589-7777. With eleven offices covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise is the largest full service real estate company in the area.