Brevard Mainland EDDM - Feb 2018

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.