Susan Maitner, 2018 Mid-Year Market Report

2018 Indian River County & Brevard Mid-Year Real Estate

M arket R eport

PA R A D I S E

Waterfront Homes in Sebastian Proving Alluring to Luxury Buyers

Sebastian Mid-Year M arket R eport The housing market in Sebastian, while increasing in price by 7%, is still a very affordable community for growing families and those looking to purchase their own piece of paradise.

Buyers love Sebastian for its friendly small town feeling and great community values. While the average home price is still only $224,042, buyers that used to be able to find homes under $200K are having a harder time with sales down 11% under $100k and 6.3% under $250k.

Equity and value are driving factors in the Sebastian housing market with the biggest movement in overall sales, inventory, and price in the $250k-$500k market segment. Sellers are regaining enough equity to make it attractive to think about upsizing to luxury waterfront or downsizing to fit their new life needs. Sellers trying to price too aggressively at the higher

end of the market (over $500k) might want to be cautious due to a slight price adjustment of -5.0%.

So the mixed message is, buyers in the lower end market need to act quickly and bid aggressively or risk missing out.

In the mid and upper end markets, there is a selection for buyers, and while prices are slowly increasing, sellers need to look closely at the competition and price their homes appropriately.

If you would like to find the right price for your home in today’s changing maket, contact Susan Maitner at 772-9130222.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.

Price Point

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

Under

2018

10

2

1.2

$77,730

$100,000

2017

18

1

0.3

$73,438

Change

-44.4%

100%

300%

+6.0%

$100,000 to

2018

291

94

1.9

$190,314

$250,000

2017

323

100

1.9

$185,218

Change

-9.9%

-6.0%

+4.3%

+3.0%

$250,000-

2018

100

86

5.2

$303,349

$500,000

2017

77

47

3.7

$293,761

Change

+29.9%

+83%

+40.9%

+3.0%

Over

2018

8

21

15.8

$642,500

$500,000

2017

5

20

24.0

$885,500

Change

+60.0%

+5.0%

-34.2%

-27.0%

2018

409

203

3.0

$224,042.97

2017

423

168

2.4

$208,497.39

Change

-3.3%

+20.8%

+25%

+7.0%

Total

Susan Maitner Is the #1 Real Estate Agent in Sebastian River | Micco | Grant for having the most sales of waterfront properties - $11M+ since 2012

Susan’s SOLDListings

$340,000 12985 83RD AVE, SEBASTIAN 32958

$340,000 LITTLE HOLLYWOOD 9828 RIVERVIEW DRIVE, MICCO 32976

$502,500 LITTLE HOLLYWOOD 9824 RIVERVIEW DRIVE, MICCO 32976

$550,000 SAN SEBASTIAN SPRINGS 625 FISCHER HAMMOCK RD, SEBASTIAN 32958

$326,000 COLLIER CREEK 726 EASY ST, SEBASTIAN 32958

$419,500 9981 SEBASTIAN RIVER DR, MICCO 32976

Susan’s SOLD Listings

$255,000 RIVER RUN 6025 RIVER RUN DR, #6025, SEBASTIAN 32958

$650,000 13380 OLD DIXIE HIGHWAY, SEBASTIAN 32958

$625,000 9582 TORTOISE LN, MICCO 32976

$665,000 9590 TORTOISE LN, MICCO 32976

$306,000 RIVERVIEW TERRACE 4545 CELESTIAL DR, MICCO 32949

$235,000 722 BROOKEDGE TER, SEBASTIAN 32958

Susan’s SOLD Listings

$280,000 925 GREENBRIER AVE, SEBASTIAN 32958

$332,500 13920 RUFFNER LN, SEBASTIAN 32958

$228,000 5400 HIGHWAY A1A, #A1, INDIAN RIVER SHORES 32963

$175,000 498 CROTON AVE, SEBASTIAN 32958

$535,000 9554 RIVERVIEW DR, MICCO 32976

$515,000 5270 FISHERMAN LN, GRANT VALKARIA 32949

Susan’s SOLD Listings

$370,000 9507 FLEMING GRANT RD, MICCO 32976

$222,000 COLLIER CLUB 691 COLLIER LAKE CIR, SEBASTIAN 32958

$340,000 9673 FLEMING GRANT RD, MICCO 32976

$340,000 1568 EAGLES CIR, SEBASTIAN 32958

$345,000 5285 94TH LN, SEBASTIAN 32958

$420,000 3565 LUCIA DR, VERO BEACH 32967

Susan’s SOLD Listings

$650,000 3575 HEATHER LN, MICCO 32976

$400,000 7315 65TH STREET, VERO BEACH 32967

$295,000 100 SNOWY EGRET, SEBASTIAN 32958

$340,000 6900 CREPE MYRTLE DRIVE, GRANT 32949

$320,000 9625 FLEMING GRANT ROAD, MICCO 32976

$217,500 688 COLLIER LAKE CIRCLE, SEBASTIAN 32958

Susan’s SOLD Listings

$430,000 1572 EAGLES CIR, SEBASTIAN 32958

$427,000 103 HARBOR POINT DR, SEBASTIAN 32958

$712,500 7805 HOMESTEAD DR, VERO BEACH 32967

$280,000 315 PINTO LANE, PALM BAY 32909

$305,000 328 DEER RUN ROAD, PALM BAY 32909

$390,000 5225 94TH PL, SEBASTIAN 32958

Susan’s SOLD Listings

$285,000 3083 FOREST CREEK DR, MELBOURNE 32901

$385,000 4760 PAWPAW LN, GRANT VALKARIA 32949

$257,500 102 BARBARA CT, SEBASTIAN 32958

$207,200 102 CONCHA DR, SEBASTIAN 32958

$150,000 619 SEMBLER ST, SEBASTIAN 32958

$150,000 127 ALDEA DR, SEBASTIAN 32958

Susan’s SOLD Listings

$170,000 402 TULIP DR, SEBASTIAN 32958

$281,900 3803 RENALD PL, MICCO 32976

$233,000 280 CONCHA DR, SEBASTIAN 32958

$172,000 1416 35TH AVE, VERO BEACH 32960

$180,000 297 WATERCREST ST, SEBASTIAN 32958

$76,000 728 S EASY ST, SEBASTIAN 32958

Susan’s SOLD Listings

$387,000 13895 RUFFNER LN, SEBASTIAN 32958

$75,000 6780 S US HIGHWAY 1, GRANT VALKARIA 32949

$37,500 88 CROOKED TREE LN, #105, VERO BEACH 32962

$162,000 5400 HIGHWAY A1A, #D4, INDIAN RIVER SHORES 32963

$33,750 1531 ERICA’S WAY, SEBASTIAN 32958

$33,750 1529 EAGLES CIR, SEBASTIAN 32958

Susan’s SOLD Listings

$194,000 470 BYWOOD AVE, SEBASTIAN 32958

$195,000 302 MIDVALE TER, SEBASTIAN 32958

$210,000 598 ROLLING HILL DR, SEBASTIAN 32958

$216,500 966 FLAMINGO AVE, SEBASTIAN 32958

$220,000 407 AZINE TER, SEBASTIAN 32958

$249,100 114 STONY POINT DR, SEBASTIAN 32958

Susan’s SOLD Listings

$255,000 1520 GLENTRY LN, SEBASTIAN 32958

$126,000 8735 94TH AVE, VERO BEACH 32967

$127,000 8776 105TH CT, VERO BEACH 32967

$95,000 3775 FOOSHE AVE, MICCO 32976

$127,650 9633 HONEYSUCKLE DR, MICCO 32976

$147,500 7670 US HIGHWAY 1, MICCO 32976

Susan’s Listings

Custom Turnkey Home G R A N T VA L K A R I A

Built on a block and concrete stem wall, this home is solid block and poured concrete from top to bottom. Designed with your safety in mind, when you leave all you have to do is flip a switch and the windows and doors are enclosed with roll down shutters and the property is secured.You will enjoy a million dollar top level view of dolphins, manatees, wild game and a wide variety of birds. The downstairs has a 966 sf flex room with a full bath. This home is easy to show - call Susan at 772-913-0222. Offered at $599,000

G R A N T VA L K A R I A

Intracoastal

A casual coastal retreat awaits you. An open floor plan frames a panoramic Intracoastal view. Dock, impact glass, newer roof, huge garage, oversized yard & seawall. Tile throughout & a real fireplace offers ambiance. Call Susan Maitner at 772-913-0222 for a private showing. Offered at $565,000

Susan’s Listings

Sparkling Pool Home HARBOR POINT

Sparkling and impeccable pool home in desirable Harbor Point. A beautiful street in a garden setting of well maintained homes.

CBS, 3/2/2 split plan on .65 acres. This glorious estate has eastern exposure and is situated with a lovely canal in the back yard offering you a Preserve View. This home is light, spacious and move in ready. Previous owners installed a new roof in 2017 and the drive is designed to comfortably fit a small LMA. Call Susan Maitner at 772-913-0222 to see today. Just Sold at $385,000

<Move in Ready....

VERO BEACH Sit on your balcony w/coffee & watch the sun rise over the ocean and at night let the ocean waves lull you to sleep.

This 3rd floor unit with spectacular views of the Atlantic in Ocean Club II is centrally located. Call Susan Maitner at 772-913-0222 to see today. Offered at $249,500

SEBASTIAN Experience a key west theme in sebastian with this bright, tropical home. Built in 2016 to the latest building codes, provides the benefit of lower costs. Fenced backyard enhances your privacy. Call Susan Maitner at 772-913-0222 to see today. Offered at $228,000

Vero Beach Island

RECENTLY SOLD

SOLD $3,053,500

420 Coconut Palm Road

SOLD $635,000 376 Eugenia Road

SOLD $461,000

1155 Leeward Lane

SOLD $1,050,000

1202 Isla Verde Square

SOLD $600,000

2041 Indian Summer Lane

SOLD $469,000

5680 Hwy A1A #113

www.FLColdwellBanker.com

SOLD $800,000

370 Riverway Court

SOLD $470,000

9655 E Maiden Court

SOLD $385,000

224 N Carmel Court

R.E. Hill:

SOLD $380,000 796 Dahlia Lane

SOLD $365,000 556 Dahlia Lane

“I recently sold my 2 lots here in Sebastian, Florida. I used your agency and the services of your sales person Susan Maitner.

She was very professional in her handling of the sale.”

2018 Vero Beach Island Mid-Year

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

60

39

3.9

$412,285

86

108

7.5

$313,428

$500,000

2017

77

34

2.6

$402,895

74

90

7.3

$297,574

Change

-22.1%

14.7%

50%

+2%

+16.2%

+20%

+3.3%

+5%

2018

105

141

8.1

$685,347

40

49

7.4

$649,280

2017

90

137

9.1

$707,154

40

35

5.3

$649,375

Change

+16.7%

+2.9%

-11.8%

-3%

0%

+40%

+40%

0%

Over

2018

82

165

12.1

$2,164,384

8

27

12.8

$1,830,250

$1,000,000

2017

63

185

17.6

$2,059,915

13

27

12.5

$1,664,615

Change

+30.2%

-10.8%

-31.5%

+5%

-38.5%

0%

+2.3%

+10%

2018

247

345

8.4

$1,110,032.48

134

174

7.8

$504.238.87

2017

230

356

9.3

$975,832.26

127

152

7.2

$548,310.80

Change

+7.4%

-3.1%

-9.8%

+14%

+5.5%

+14.5%

+8.5%

-8%

$500,001 to $1,000,000

Total

The Vero Beach Island single family market has been the tax law changes were announced last year, we expected extremely strong this year. Prices are up 14% and the an increase in buyers from high tax states. However, many number of sales are up 7.4% . The month’s supply of homes of those areas have experienced decline in home prices and has decreased by almost 10%.

although we think it will be beneficial in the future for our

The condominium market has also experienced a 5.5% area it has not impacted the market at this point. rise in sales, but prices have averaged an 8% decrease.

If you would like to find the right price for your home in today’s

Now is a good time for sellers to contemplate selling. changing market, contact Susan Maitner, Global Luxury Specialist With the recent interest rate increases and the anticipation at 772-913-0222. With eleven offices covering 135 miles of of further hikes we anticipate some pricing pressure. Selling Florida’s East Coast, Coldwell Banker Paradise is the largest full now while inventory’s are low could be beneficial. When service real estate company in the area.

Vero Beach Mainland

RECENTLY SOLD

SOLD $615,000

260 Sea Gull Avenue

SOLD $360,000

SOLD $390,000

5728 Riverboat Circle

SOLD $335,000

www.FLColdwellBanker.com

SOLD $375,000

220 32nd Court SW

SOLD $305,000

460 40th Court SW

5441 Barbados Square

2009 Grey Falcon Circle, SW

SOLD $295,000

SOLD $295,000

SOLD $290,000

1358 Lexington Square

925 32nd Avenue

534 53rd Square

P. & D. Kessel: “One would think selling a vacant lot would not take much effort. We soon learned SOLD $290,000 5251 4th Place

SOLD $287,000 3256 59th Avenue

that was not the case!”

2018 Vero Beach Mid-Year

MARKET REPORT

Price Point

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

Condos Sold

Under

2018

566

217

2.3

$172,009

$250,000

2017

621

202

2.0

$166,155

Change

-8.9%

7.4%

17.9%

+4%

$250,001 to

2018

372

290

4.7

$500,000

2017

312

274

5.3

Change

+19.2%

+5.8%

2018

42

2017

52

Change

Over $500,000

Total

Current Listings

Month’s Supply

Average Price

234

89

2.3

$108,648

236

109

2.8

$101,250

-0.8%

-18.3%

-17.7%

+7%

$326,281

6

15

15.0

$340,833

$323,841

15

5

2.0

$311,160

-11.2%

+1%

-60%

+200%

+650%

+10%

92

13.1

$706,502

3

3

6.0

$1,061,667

89

10.3

$641,760

10

4

2.4

$620,200

-19.2%

+3.4%

+28.0%

+10%

-70%

-25%

+150%

+71%

2018

980

599

3.7

$253,476.23

243

107

2.6

$126,146.63

2017

985

565

3.4

$241,210.32

261

118

2.7

$133,196.93

Change

-0.5%

+6%

+6.6%

+5%

-6.9%

-9.3%

-2.6%

-5%

The Vero Beach mainland market had healthy and safe

If the macro-economic market continues to expand, more

growth in the first half of 2018. The number of homes rate increases can be expected. First time buyers and buyers sold was stable. The inventory of homes sold rose slightly. moving into larger family homes should consider buying The average price of homes sold rose by a sustainable 5%. soon to lock in these lower rates.

The statistics indicate a market that is stable and not overheated.

Inventory should keep growing since the increased rates will slow price increases. Now is a good time to get a home

Even though the inventory remains tight, with a 3.7 month on the market. supply, rising interest rates will continue to hold prices down. If you would like to find the right price for your home in today’s changing While the increase in interest rates has lowered buying market, contact Susan Maitner, Global Luxury Certified Agent 772-913-0222. power for those purchasing with loans by 30%, today’s With eleven offices covering 135 miles of Florida’s East Coast, Coldwell Banker interest rates are still low in comparison to historical rates. Paradise is the largest full service real estate company in the area.

Brevard Beachside

RECENTLY SOLD

SOLD $1,200,000

SOLD $950,000

www.FLColdwellBanker.com

SOLD $585,000

847 Malibu Lane

400 Riverside Drive

468 Bridgetown Court

SOLD $580,000

SOLD $524,000 207 Ivory Drive

SOLD $480,800

14 Claymont Court

SOLD $470,000

SOLD $460,000

SOLD $440,000

302 Sanibel Way

581 Hwy A1a #302

210 Ivory Drive

472 Cardinal Drive

C Pettorsson: “...I think Susan Maitner is rewriting the description of what it means to be a real estate agent, and we sure are SOLD $415,000

5165 Palmetto Drive

SOLD $385,000

5582 Beach Elder Way

grateful beneficiaries.”

2018 Brevard Beachside Mid-Year

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

194

44

1.4

$195,719

321

82

1.5

$154,852

2017

254

36

0.9

$191,185

327

96

1.8

$145,236

Change

-23.6%

22.2%

60.0%

2.0%

-1.8%

-14.6%

-16.19%

7%

$250,001 to

2018

538

255

2.8

$363,143

208

222

6.4

$356,611

$500,000

2017

463

223

2.9

$368,693

185

159

5.2

$345,300

Change

16.2%

14.3%

-1.6%

-2%

12.4%

39.6%

23.1%

3%

$500,001 to

2018

133

177

8.0

$654,920

62

89

8.6

$631,553

$1,000,000

2017

139

139

6.0

$662,853

46

101

13.2

$629,098

Change

-4.3%

27.3%

33.1%

-1%

34.8%

-11.9%

-34.8%

0%

Over

2018

34

85

15.0

$1,875,413

3

4

8.0

$1,500,033

$1,000,000

2017

26

74

17.1

$1,391,781

1

10

60.0

$1,970,000

Change

30.8%

14.9%

-12.2%

35%

200%

-60%

-86.7%

-24%

2018

899

561

3.7

$427,373.55

594

397

4.0

$282,052.13

2017

882

472

3.2

$394,091.52

559

366

3.9

$254,528.05

Change

1.9%

18.9%

15.6%

8%

6.3%

8.5%

2.6%

11%

$250,000

Total

Job growth and a robust economy is keeping the Brevard housing market healthy. Inventory continues to be tight with only 3.7 months supply on hand and prices are seeing a healthy and steady climb. Prices are stabilizing across most segments, a trend that continues into the markets south as well. The only segment that saw movement in both price and sales was in the luxury waterfront market, with sales of over $1m properties up 30.8% and average price up 35%.

is keeping pace, with sellers regaining equity and feeling confident and buyers having enough choice to make it competitive.

Its an excellent time for sellers to consider putting their house on the market while activity remains strong – especially as interest rates only likely to climb, which may put the brakes on an otherwise healthy and steady housing market.

If you would like to find the right price for your home in today’s changing market, contact Susan Maitner your Global Luxury With significant planned expansions in both tourism and Certified Agent. With eleven offices covering 135 miles of Florida’s technology, the Space Coast is once again rebuilding itself as a East Coast, Coldwell Banker Paradise is the largest full service real destination for the boldest and brightest.The housing market estate company in the area.

Brevard Mainland

RECENTLY SOLD

SOLD $715,000

SOLD $540,000

340 Bay Point Drive

67 Hill Top Land

SOLD $513,000

SOLD $505,000

1437 N. Jennings Lane

SOLD $439,000 1045 Shiloh Drive

708 Nicklaus Drive

SOLD $425,000

4409 Heaton Park Trail

www.FLColdwellBanker.com

SOLD $530,000 697 Nicklaus Drive

SOLD $425,000

545 Spring Lake Drive

SOLD $392,000

3862 Peacock Drive

L. McKee: “Thanks for the info and thinking of us. Working with you and Jack was one of the best real estate experiences SOLD $380,000

3811 Funston Circle

SOLD $373,000

5239 Wexford Drive

we’ve ever had.”

2018 Brevard Mainland Mid-Year

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

2032

578

1.7

$176,402

305

103

2.0

$113,818

$250,000

2017

2230

524

1.4

$166,576

293

113

2.3

$103,274

Change

-8.9%

10.3%

21.1%

6%

4.1%

-8.8%

-13%

10%

$250,001 to

2018

1041

642

3.8

$330,569

16

7

2.6

$363,938

$500,000

2017

906

480

3.2

$328,925

12

7

3.5

$361,458

Change

14.9%

33.8%

18.5%

0%

33.3%

0.0%

-25%

1%

$500,001 to

2018

135

180

8.0

$623,240

5

5

6.0

$648,593

$1,000,000

2017

105

152

8.7

$630,634

2

1

3.0

$556,250

Change

28.6%

18.4%

-8%

-1%

150%

400.0%

100.0%

17%

Over

2018

12

27

13.5

$1,236,667

0

1

#DIV/0!

-

$1,000,000

2017

14

30

12.9

$1,243,974

0

1

#DIV/0!

-

Change

-14.3%

-10.0%

5%

-1%

#DIV/0!

0.0%

#DIV/0!

#DIV/0!

2018

3193

1427

2.7

$248,237.78

326

116

2.1

$134,295.90

2017

3255

1186

2.2

$231,367.97

307

122

2.4

$116,316.87

Change

-1.9%

20.3%

22.7%

7%

6.2%

-4.9%

-12.5%

15%

Total

As the job sector continues to expand in Brevard, especially higher paying tech jobs, the housing market is tightening. Sales have increased in the mid to high level from $250k-$1mil by 11.9% and 28.6% respectively. Prices are stabilizing across most segments, a trend that continues into the markets south as well.There’s a slight adjustment in sales in both the lower end of the market and at the over $1mil segment, contributing to an overall slight drop in sales -1.9%. With prices stabilizing and inventory levels low, those buyers looking for opportunities under $500k will have to be positioned to move quick.

With significant planned expansions in both tourism and technology, the Space Coast is once again rebuilding itself as a

destination for the boldest and brightest.The housing market is keeping pace, with sellers regaining equity and feeling confident and buyers having enough choice to make it competitive.

It’s an excellent time for sellers to consider putting their house on the market while activity remains strong – especially as interest rates are only likely to climb, which may put the brakes on an otherwise healthy and steady housing market.

If you would like to find the right price for your home in today’s changing market, contact Susan Maitner, Global Luxury Specialist at 772-913-0222. 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.

WHER E EXCELLENCE LI VES PA R A D I S E

Listed and Sold by Susan

5315 S US HIGHWAY 1, GRANT VALKARIA 32949 Sold for $675,000 This beautiful custom riverfront home offers the best of intracoastal living. Spirited nautical view sprinkled with sea life.

Downstairs master bedroom, upstairs has flex room for extra storage, recreation or fitness. Pool, spa and cabana bath complete the lifestyle. Three car garage with back door exit & fenced back yard. This is a quality home, original owners, impeccably maintained.

SUSAN MAITNER - GLOBAL LUXURY CERTIFIED AGENT - 772-913-0222 - smaitner@bellsouth.net