Brevard Mainland
RECENTLY SOLD
SOLD $715,000 340 Bay Point Drive
SOLD $425,000 545 Spring Lake Drive
SOLD $380,000 3811 Funston Circle
www.FLColdwellBanker.com
SOLD $530,000
SOLD $505,000
697 Nicklaus Drive
708 Nicklaus Drive
SOLD $425,000
SOLD $392,000
4409 Heaton Park Trail
3862 Peacock Drive
SOLD $373,000 5239 Wexford Drive
SOLD $305,000 1735 Curlew Court
Homes selling fast! Call to see how much your home is worth! 321-951-3300 SOLD $305,000 328 Deer Run Road
SOLD $280,000 315 Pinto Lane
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
2018 Brevard Mainland 1st Quarter 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
2018
883
595
2.0
$174,286
158
125
2.4
$111,259
$250,000
2017
964
506
1.6
$162,811
123
83
2.0
$102,838
Change
-8.4%
+17.6%
+28.4%
+7.0%
+28.5%
+50.6%
+17.2%
+8.0%
$250,001 to
2018
431
554
3.9
$329,230
9
29
9.7
$366,111
$500,000
2017
376
421
3.4
$326,339
5
12
7.2
$384,500
Change
+14.6%
+31.6%
+14.8%
+1.0%
+80.0%
+141.7%
+34.3%
-5.0%
$500,001 to
2018
57
176
9.3
$630,908
2
4
6.0
$625,000
$1,000,000
2017
39
141
10.8
$636,169
2
6
9.0
$556,250
Change
+46.2%
+24.8%
-14.6%
-1.0%
0.0%
-33.3%
-33.3%
+12.0%
Over
2018
7
22
9.4
$1,224,286
0
1
-
-
$1,000,000
2017
6
24
12.0
$1,114,500
0
1
-
-
Change
+16.7%
-8.3%
-21.4%
+10.0%
-
0.0%
-
-
2018
1378
1347
2.9
$246,970
169
159
2.8
$130,911
2017
1385
1092
2.4
$224,657
130
102
2.4
$120,647
Change
-0.5%
+23.4%
+24.0%
+10.0%
-0.5%
+23.4%
+24.0%
+10.0%
Total
With a healthy and rapidly growing jobs market, Brevard is a very strong
of potential buyers ability to pay more. Prices probably will slow to single
housing market. The average sale price has increased to about $250,000,
digit increases, while buyers payments will still see double digit increases.
up 10% from a year ago.
Oddly enough, the rising interest rates have put time pressure on buyers and sellers to act quickly. With each increase in the interest rates, sellers will
Homes under $250,000 are in a sellers market. Buyers need to act quickly
see more of their potential sale price going to the mortgage increase, and
to find deals in this market segment. The inventory is currently about a 9
buyer will still be dealing with a tight inventory and demand pressure from
week supply of homes. Homes priced between $250,000 and $500,00 also
sellers and the lenders.
are in under supply, however with a 3.9 month inventory of homes on the market buyers have a good selection.
If you would like to find the best value for a home you are buying or selling in today’s changing maket, contact us at 321-951-3300. With eleven offices
In all market segments, sellers would seem to be in control with inventory
covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise is the
stretched thin. However, increasing interest rates will eat up a big chunk
largest full service real estate company in the area.