Brevard Beachside
RECENTLY SOLD
www.FLColdwellBanker.com
SOLD $950,000
SOLD $549,900
847 Malibu Lane
400 Riverside Drive
2875 N Hwy A1a #203
SOLD $524,000
SOLD $480,800
SOLD $480,000
210 Ivory Drive
323 Banyan Way
SOLD $460,000
SOLD $440,000
SOLD $1,200,000
207 Ivory Drive
SOLD $470,000 302 Sanibel Way
581 Hwy A1a #302
472 Cardinal Drive
Homes selling fast! Call to see how much your home is worth! 321-222-9449 SOLD $389,900 210 Lynn Avenue
SOLD $385,000 607 Hibiscus Trail
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
2018 Brevard Beachside 1st Quarter Real Estate Price Point
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
Condos Sold
Current Listings
Month’s Supply
Average Price
Under
2018
82
43
1.6
$194,306
175
120
2.1
$148,678
$250,000
2017
118
45
1.1
$184,708
170
126
2.2
$140,381
Change
-30.5%
-4.4%
37.5%
5.0%
+2.9%
-4.8%
-7.5%
+6.0%
$250,001 to
2018
255
241
2.8
$363,113
80
256
9.6
$352,055
$500,000
2017
185
206
3.3
$351,034
73
177
7.3
$345,066
Change
+37.8%
+17.0%
-15.1%
+3.0%
+9.6%
+44.6%
+32.0%
+2.0%
$500,001 to
2018
59
161
8.2
$653,426
31
101
9.8
$662,255
$1,000,000
2017
53
128
7.2
$671,306
19
94
14.8
$649,132
Change
+11.3%
+25.8%
+13.0%
-3.0%
+63.2%
+7.4%
-34.1%
+2.0%
Over
2018
13
71
16.4
$2,079,423
1
7
21.0
$1,200,100
$1,000,000
2017
15
71
14.2
$1535,587
1
8
24.0
$1,970,000
Change
-13.3%
0.0%
+15.4%
+35.0%
0.0%
-12.5%
-12.5%
-39.0%
2018
409
516
3.8
$425,701
287
484
5.1
$264,505
2017
371
450
3.6
$391,779
263
405
4.6
$240,905
Change
+10.2%
+14.7%
+4.0%
+9.0%
+9.1%
+19.5%
+9.5%
+10.0%
Total
The beachside market in Brevard is a healthy growing real estate market. Sales for the 1st quarter are up 10% and prices overall are up over 8% from the numbers from a year ago. The under $500,000 market remains strong for sellers. However with inventory staying close to a 3 month supply, buyers still have some selection unless they are hoping to buy under $250,000. Price increases in the first quarter in this market have been moderate, staying in the 3% to 5% range. This trend of moderate price increases should continue into the 2nd quarter and probably through the end of the year. The $500,000 to million dollar market is a more balance market. With an 8 month supply of inventory, buyers are negotiating more aggressively and sellers unwilling to price tightly to past sales are finding their homes on
the market for longer periods. As always, quality homes are hotter on the market. The luxury market in Brevard is the bigger news. While still a very small slice of the number of units sold, sales topping $2 million and even $3 million are becoming more common. Buyers are seeing the value in Brevard over the markets in Indian River, South Florida and Central Florida where prices of luxury homes can be much higher. Buyers seeing the value of the Brevard waterfront will create big potential for the future. If you would like to find the right price for your home in today’s changing maket, contact us 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.