Brevard Mainland
RECENTLY SOLD
www.FLColdwellBanker.com
SOLD $640,000
SOLD $600,000
2660 Rocky Point Road
2700 Smith Lane
6445 US 1
SOLD $550,000
SOLD $515,000
SOLD $475,000
9035 Highway 1
6865 Indian River Blvd.
SOLD $453,000
SOLD $440,000
SOLD $680,000
4060 Snowy Egret Drive
SOLD $455,000 5662 Cypress Creek Drive
1700 Country Cove Circle
242 Cavalier Street
Homes selling fast! Call to see how much your home is worth! 321-951-3300 SOLD $420,000 2660 Vermont Street
SOLD $390,000 4124 Anlow Road
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
2017 Brevard Mainland Year End Real Estate
MARKET REPORT
Price Point
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
Condos Sold
Current Listings
Month’s Supply
Average Price
Under
2017
4288
545
1.5
$168,619
571
92
1.9
$107,778
$250,000
2016
4831
596
1.5
$155,415
578
69
1.4
$93,386
Change
-11.2%
-8.6%
+0%
+8.0%
-1.2%
+33.3%
+35.7%
+15.0%
$250,001 to
2017
1841
494
3.2
$329,763
24
7
3.5
$362,538
$500,000
2016
1464
377
3.1
$330,110
19
19
12.0
$355,621
Change
+25.8%
+31.0%
+3.2%
0%
+26.3%
-63.2%
-70.8%
+2.0%
$500,001 to
2017
236
136
6.9
$633,401
3
5
20.0
$545,833
$1,000,000
2016
178
130
8.8
$613,988
3
6
24.0
$567,333
Change
+32.6%
+4.6%
-21.6%
+3.0%
0.0%
-16.7%
-16.7%
-4.0%
Over
2017
24
20
10.0
$1,191,240
0
1
-
-
$1,000,000
2016
12
25
25.0
$1,268,538
0
1
-
-
Change
+100.0%
-20.0%
-60.0%
-6.0%
-
0.0%
-
-
2017
6389
1195
2.2
$236,063
598
105
2.1
$120,200
2016
6485
1128
2.1
$209,499
600
95
1.9
$104,060
Change
-1.5%
+5.9%
+4.8%
+13.0%
-0.3%
+10.5%
+10.5%
+16.0%
Total
Vibrant and Robust Brevard Housing Market Outpaces all Others The Brevard housing market has become the most vibrant along the Central Florida eastern coast. Jobs, jobs and more jobs with good incomes continue to be added in various tech fields. For starter homes and those looking for deals under $250k, this isn’t necessarily good news as inventory continues to be very scarce with less than 1.5 months inventory and barely three months supply in the $250k-500K market. Prices however remained stable, most likely being held down by the buyers ability to pay more with all the tech employment happening locally. The $500k+ market continues to grow with sales up well over 30% in units year over year. With
announced expansions from various companies we consider both trends likely to continue. New home construction is the bright spot of home for affordable housing options. Pricing a home correctly remains one of the determining factors on if your Brevard County 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. 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.