Brevard Beachside
RECENTLY SOLD
SOLD $1,175,000 754 Loggerhead Island Drive
www.FLColdwellBanker.com
SOLD $859,000
SOLD $685,000
859 Loggerhead Island Drive
499 Lighthouse Landing
SOLD $600,000
SOLD $525,000
745 Verbenia Drive
1426 Florida A1A #201
485 Cardinal Drive
SOLD $490,000
SOLD $489,000
SOLD $468,000
SOLD $615,000
417 Tortoise View Circle
436 Eagle Drive
416 Red Sail Way
Homes selling fast! Call to see how much your home is worth! 321-222-9449 SOLD $466,000 301 Dunmore Court
SOLD $400,000 711 Palm Drive
INDIALANTIC OFFICE 232 5th Avenue Indialantic, FL 32903 321-951-3300
SATELLITE BEACH OFFICE 1550 Highway A1A Satellite Beach, FL 32937 321-222-9449
SEBASTIAN OFFICE 1209 US-1 Sebastian, FL 32958 772-589-7777
www.FLColdwellBanker.com
MARKET REPORT
2017 Brevard Beachside Year End Real Estate Price Point
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
Condos Sold
Current Listings
Month’s Supply
Average Price
Under
2017
455
36
.09
$185,960
599
100
2.0
$146,968
$250,000
2016
601
56
1.1
$183,069
626
123
2.4
$138,749
Change
-24.3%
-35.7%
-15.1%
2.0%
-4.3%
-18.7%
-16.7%
+6.0%
$250,001 to
2017
925
216
2.8
$357,814
347
139
4.8
$345,561
$500,000
2016
921
190
2.5
$346,939
376
146
4.7
$357,623
Change
+0.4%
+13.7%
+12.0%
+3.0%
-7.7%
-4.8%
+2.1%
-3.0%
$500,001 to
2017
259
131
6.1
$669,357
87
74
10.2
$653,841
$1,000,000
2016
229
108
5.7
$659,037
83
78
11.3
$675,061
Change
+13.1%
+21.3%
+7.0%
+2.0%
+4.8%
-5.1%
-9.7%
-3.0%
Over
2017
62
56
10.8
$1,382,599
1
7
84.0
$1,970,000
$1,000,000
2016
40
60
18.0
$1,450,662
5
8
19.2
$1,319,000
Change
+55.0%
-6.7%
-40.0%
-5.0%
-80.0%
-12.5%
+337.5%
+49.0%
2017
1701
439
3.1
$396,634
1034
320
3.7
$258,025
2016
1791
414
2.8
$356,505
1090
355
3.9
$260,503
Change
-5.0%
+6.0%
+10.7%
+11.0%
-5.1%
-9.9%
-5.1%
-1.0%
Total
Steady Sales Leads to Healthy Beachside Market If your dream was to buy an affordable home beachside in Brevard, sorry to say it but gone are the days when the Brevard Beachside housing market was the best kept secret on the Space and Treasure Coast. Inventory under $250K is scarce and when it is available it flies off the shelf, being on the market less than 3-4 weeks. If you find a property under $250k that you like, offer high and cross your fingers that you don’t get outbid. Cash is king especially as we are finding appropriate appraisals can be tough when securing a loan. However the market above $500k is very stable. While homes in this segment are also selling briskly there’s a comfortable balance in negotiating power between buyers and sellers. With inventory just over 6 months, we are likely to see prices continuing to stay stable. While overall prices increased for beachside single family
homes, the 11% increase had more to do with a high number of units sold at the higher price point over $1mil rather than an overall price appreciation. 2018 should see similar, modest overall growth in prices with an expected increase of 4-6%, however, with similar sales for higher priced units expected, the average price increases will continue to be artificially inflated in the double digit range. Pricing a home correctly remains one of the determining factors on if your Beachside home will sell quickly. Call your favorite Coldwell Banker Paradise agent for your free home evaluation today. Or call our offices at 321-951-3300 or in Satellite Beach at 321-222-9449. 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.