Susan Maitner 3rd Quarter Market Report 2018

2018 Indian River County & Brevard 3rd Quarter 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 Sebastian market continues to climb in a gradual, healthy manner. While the inventory has room for growth, with only a 3.2 month supply, the overall inventory is stronger and has a better selection than a year ago in every market segment. Prices continued to climb in pace with inflation at 2% overall. All of this is great news for both buyers and sellers. Steady growth that is not overheated should give buyers better peace of mind. 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.

Price Point

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

$100,000 to

2018

432

115

2.4

$191,380

$250,000

2017

484

85

1.6

$191,455

Change

-10.7%

+35.3%

+51.6%

0%

$250,001 to

2018

174

83

4.3

$302,536

$500,000

2017

124

57

4.1

$310,667

Change

+40.3%

+45.6%

+3.8%

-3.0%

Over

2018

8

26

29.3

$642,500

$500,000

2017

9

24

24.0

$913,444

Change

-11.1%

+8.3%

+21.9%

-30.0%

2018

630

225

3.2

$224,827

2017

640

172

2.4

$220,484

Change

-1.6%

+30.8%

+32.9%

+2.0%

Total

Page 2

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

Page 3

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, SEBASTIAN RIVERFRONT MICCO 32976

$665,000 9590 TORTOISE LN, SEBASTIAN RIVERFRONT MICCO 32976

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

$235,000 722 BROOKEDGE TER, SEBASTIAN 32958

Page 4

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 RIVERFRONT - 5270 FISHERMAN LN, Page 5 GRANT VALKARIA 32949

Susan’s SOLD Listings

Page 6

$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,, FISCHER LAKE ISLAND SEBASTIAN 32958

$345,000 5285 94TH LN, SEBASTIAN 32958

$420,000 HOBART LANDING - 3565 LUCIA DR, VERO BEACH 32967

Susan’s SOLD Listings

$650,000 RIVERFRONT - 3575 HEATHER LN, MICCO 32976

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

$295,000 100 SNOWY EGRET, LAUREL RESERVE 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

Page 7

Susan’s SOLD Listings

$430,000 1572 EAGLES CIR, FISCHER LAKE ISLAND SEBASTIAN 32958

Page 8

$427,000 103 HARBOR POINT DR, SEBASTIAN 32958

$712,500 7805 HOMESTEAD DR, VERO BEACH 32967

$280,000 315 PINTO LANE, DEER RUN 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,, RIVERVIEW TERRACE GRANT VALKARIA 32949

$257,500 102 BARBARA CT, SEBASTIAN 32958

$207,200 102 CONCHA DR, SEBASTIAN 32958

$220,000 737 TULIP DRIVE SEBASTIAN 32958

$121,000 1513 EAGLES CIR, FISCHER LAKE ISL Page 9 SEBASTIAN 32958

Susan’s SOLD Listings

$170,000 402 TULIP DR, SEBASTIAN 32958

Page 10

$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

$385,000 HARBOR POINT -108 HARBOR POINT DR. SEBASTIAN 32958

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

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

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

$33,750 EACH 1529 EAGLES CIR, & 1531 ERICA’S WAY FISCHER LAKE ISL - SEBASTIAN 32958 Page 11

Susan’s SOLD Listings

$194,000 470 BYWOOD AVE, SEBASTIAN 32958

Page 12

$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

Page 13

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 $595,000 (208755)

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 $539,000 (204904)

Susan’s Listings

Fischer Lake Island

Location with a beautiful view. Exquisite lakefront home situated on .61 acres in desirable Fischer Lake Island. 4 years young and ready for new owners. Upgrades include: tile, kitchen cabinetry and large caged/screened pool and has a 3 car garage.

Watch the sun set from the screened patio overlooking the 9+ acre lake. Community offers gated access, tennis, clubhouse and pool. Call Susan Maitner at 772-913-0222 to see today. Offered at $485,000 (206783)

SEBASTIAN

Historic Farmhouse....

SEBASTIAN Let nostalgia sweep you away in this lovely historic home built in 1910. Nestled on 2.6 Acres of the picturesque sebastian river, this 'Florida cracker era farmhouse' welcomes you with a plantation-style entrance delivering an expansive divide between the house and road. Sitting on a bluff, wrap around porch, maple floors, guest cottage, laundry room, CBS garage & so much more. Offered at $749,000 (209110)

Vero Beach Island

RECENTLY SOLD

SOLD $1,150,000 835 Starboard Drive

SOLD $830,000 604 Eugenia Road

SOLD $560,000

1026 Flamevine Lane #401

SOLD $995,000

12968 Highway A1A

SOLD $774,000

1515 Ocean Drive #9

SOLD $555,000

655 Bougainvillea Lane

www.FLColdwellBanker.com

SOLD $899,000 530 Acacia Road

SOLD $649,000

1995 Surfside Terrace

SOLD $533,633

2140 Sanford Court

R.E. Hill:

SOLD $481,000

1530 Smugglers Cove

Page 16

SOLD $450,000 416 Holly Road

“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 3rd Quarter

MARKET REPORT

Homes Sold

Current Listings

Month’s Supply

Average Price

Condos Sold

Current Listings

Month’s Supply

Average Price

2018

81

43

4.8

$412,780

121

86

6.4

$309,510

2017

102

30

2.6

$428,425

103

75

6.6

$322,961

Change

-20.6%

+43.3%

+80.5%

-4.0%

+17.5%

+14.7%

-2.4%

-4.0%

$500,000 to

2018

153

128

7.5

$690,116

49

54

9.9

$636,902

$1,000,000

2017

126

113

8.1

$756,830

50

33

5.9

$693,672

Change

+21.4%

+13.3%

-6.7%

-9.0%

-2.0%

+63.6%

+67.0%

-8.0%

Over

2018

108

170

14.2

$2,022,518

11

18

14.7

$1,728,364

$1,000,001

2017

104

170

14.7

$2,652,365

16

24

13.5

$1,908,375

Change

+3.8%

0.0%

-3.7%

-24.0%

-31.3%

-25.0%

+9.1%

-9.0%

2018

342

341

9.0

$1,045,189

181

158

7.9

$484,369

2017

332

313

8.5

$1,249,716

169

132

7.0

$582,737

Change

+3.0%

+8.9%

+5.8%

-16.0%

+7.1%

+19.7%

+11.8%

-17.0%

Price Point

Year

Under $500,000

Total

The Vero Beach Island market experienced a shift this year with a decline in all price categories. The number of homes and amount of time on the market has increased.This change has been in both the single family and the condominium market. This was anticipated as part of the normal market corrections after a number of years of increased prices and the recent interest rate increases. It is anticipated that these market conditions will continue through 2019. If you are considering buying or selling, sit down with your real estate agent to find out the value of your current home. Call 772913-0222 to contact Susan Maitner, Global Luxury Specialist

today. With 11 offices covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise is the area’s largest full service real estate company.

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.

Page 17

Vero Beach Mainland

RECENTLY SOLD

www.FLColdwellBanker.com

215 Sea Gull Avenue

1059 W Polo Grounds Drive

SOLD $717,000

SOLD $650,000

SOLD $629,000

SOLD $520,000

SOLD $500,000

SOLD $450,000

SOLD $390.000

SOLD $365,000

SOLD $870,000

1620 E Rosewood Court

3017 Golfview Drive

3546 Marthas Lane

6128 56th Avenue

1800 Cobia Drive

29 Seahorse Lane

6195 55th Avenue

P. & D. Kessel: “One would think selling a vacant lot would not take much effort. We soon learned SOLD $355,000 950 Quail Court

Page 18

SOLD $290,000

1558 Lexington Square SW

that was not the case!”

2018 Vero Beach 3rd Quarter

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

838

200

2.1

$175,176

332

90

2.4

$108,466

$250,000

2017

869

204

2.1

$173,000

330

98

2.7

$107,543

Change

-3.6%

-2.0%

+1.7%

+1.0%

0.6%

-8.2%

-8.7%

+1.0%

$250,001 to

2018

542

299

5.0

$326,830

10

12

10.8

$320,800

$500,000

2017

478

248

4.7

$335,222

22

10

4.1

$326,886

Change

+13.4%

+20.6%

+6.3%

-3.0%

-54.5%

+20.0%

+164.0%

-2.0%

Over

2018

60

85

12.8

$699,036

8

3

3.4

$1,014,375

$500,001

2017

68

98

13.0

$683,745

10

3

2.7

$645,590

Change

-11.8%

-13.3%

-1.7%

+2.0%

-20.0%

0.0%

+25.0%

+57%

2018

1440

584

3.7

$254,084

350

105

2.7

$135,239

2017

1415

550

3.5

$252,344

362

111

2.8

$135,736

Change

+1.8%

+6.2%

+4.3%

+1.0%

-3.3%

-5.4%

-2.2%

0.0%

Total

The Vero Beach mainland housing market has seen a shift strong, dominated primarily by national builders. If you are in recent months with single family homes as interest rates considering buying or selling, sit down with your real estate have increased. In addition, time on the market has increased agent to find out the value of your current home. as more and more listings have come on the market.

If you would like to find the right price for your home in today’s changing market, contact Susan Maitner, Global Luxury Certified are unchanged from the prior year. This was anticipated Agent 772-913-0222. With eleven offices covering 135 miles of as part of the normal market cycles and the trend will Florida’s East Coast, Coldwell Banker Paradise is the largest full continue through 2019. The new home market remains service real estate company in the area.

Prices for both single family homes and condominiums

Page 19

Brevard Beachside

RECENTLY SOLD

SOLD $1,100,000

7595 Highway A1A, Melbourne Beach

SOLD $549,000

215 Clyde Street, Melbourne Beach

SOLD $454,000

223 Via Havarre, Merritt Island

SOLD $980,000

1101 Atlantic St, Melbourne Beach

SOLD $495,000

689 Mandalay Grove Court, Merrit Island

SOLD $440,000

209 Elm Ave, Melbourne Beach

www.FLColdwellBanker.com

SOLD $700,000

633 Franklyn Ave, Indialantic

SOLD $475,000

578 Veracruz Blvd, Indialantic

SOLD $351,000

864 Brookstone Drive, Merritt Island

C Pettorsson: “...I think Susan Maitner is rewriting the description of what it means to be a real SOLD $349,900

1450 Glen Have Drive, Merritt Island

Page 20

SOLD $340,000

290 Harwood Ave, Satellite Beach

estate agent, and we sure are grateful beneficiaries.”

2018 Brevard Beachside 3rd Quarter

MARKET REPORT

Homes Sold

Current Listings

Month’s Supply

Average Price

Condos Sold

Current Listings

Month’s Supply

Average Price

2018

258

72

2.5

$191,383

462

105

2.0

$149,714

2017

3356

44

1.1

$185,627

477

76

1.4

$151,489

Change

-27.5%

+63.6%

+125.8%

+3.0%

-3.1%

+38.2%

+42.6%

-1.0%

$250,001 to

2018

813

282

3.1

$357,649

328

212

5.8

$342,818

$500,000

2017

709

263

3.3

$368,126

277

180

5.8

$356,271

Change

+14.7%

+7.2%

-6.5%

-3.0%

+18.4%

+17.8%

-0.5%

-4.0%

$500,001 to

2018

218

195

8.1

$639,634

99

87

7.9

$612,508

$1,000,000

2017

207

102

4.4

$685,832

60

64

9.6

$655,097

Change

+5.3%

+91.2%

+81.5%

-7.0%

+65.0%

+35.9%

-17.6

-7.0%

Over

2018

58

88

13.7

$1,596,713

5

8

14.4

$1,307,020

$1,000,000

2017

49

72

13.2

$1,516,851

1

9

81.0

$1,970,000

Change

+18.4%

+22.2%

+3.3%

+5.0%

+400.0%

-11.1%

-82.2%

-34.0%

2018

1347

637

4.3

$424,792

894

412

4.1

$278,283

2017

1321

481

3.3

$411,337

4815

329

3.6

$260,396

Change

+2.0%

+32.4%

+29.9%

+3.0%

+9.7%

+25.2%

+14.2%

+7.0%

Price Point

Year

Under $250,000

Total

The Brevard housing market remains healthy thanks to

home will find an outstanding selection.

an increase in jobs and new home construction. Strong

If you are considering buying or selling your property, sit

growth in the job market is generating buyers in need of

down with your real estate agent to find out the value of your

homes despite the slow rise in interest rates. New home

current home.

construction fills some of the demand keeping the growth in prices in a moderate 3-7% range.

The next 12 months will see more of the same trend.

Sellers who price their homes appropriately will see sales within a few weeks to months. Buyers looking for the perfect

If you would like to find the right price for your home in today’s changing market, contact Susan Maitner your Global Luxury Certified Agent. 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.

Page 21

Brevard Mainland

RECENTLY SOLD

SOLD $715,000 950 Stratford Place

SOLD $370,000

3075 Constellation Drive

SOLD $354,000

3475 Shady Run Road

SOLD $455,000

3728 Peacock Drive

SOLD $369,500

4247 Montreaux Avenue

SOLD $349,000

2745 Tuscarora Court

www.FLColdwellBanker.com

SOLD $410,000

555 Chestnut Street

SOLD $355,000

1401 Whitman Drive

SOLD $342,000

325 Barrymore Drive, Rockledge

L. McKee: “Thanks for the info and thinking of us. Working with you and Jack was one of the SOLD $335,000

560 Lake Ashley Circle

Page 22

SOLD $318,200 960 Shaw Circle

best real estate experiences we’ve ever had.”

2018 Brevard Mainland 3rd Quarter

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

3076

648

1.9

$174,937

451

89

2.6

$115,281

$250,000

2017

3284

538

1.5

$172,015

423

107

2.0

$110,520

Change

-6.3%

+20.4%

+28.6%

+2.0%

6.6%

-16.8%

+27.5%

+4%

$250,001 to

2018

1750

583

3.0

$325,969

21

12

3.0

$363,845

$500,000

2017

1406

531

3.4

$339,133

15

8

12.0

$382,160

Change

+24.6%

+9.8%

-11.8%

-4.0%

+40.0%

+50.0%

-75.0%

-5.0%

$500,001 to

2018

219

160

6.6

$603,155

8

5

0

$618,496

$1,000,000

2017

164

159

8.7

$646,715

2

1

18.0

$599,900

Change

+33.5%

+0.6%

-24.6%

-7.0%

+300.0%

+400.0%

0

+3.0%

Over

2018

20

26

11.7

$1,235,512

0

1

0

$1,000,000

2017

18

22

11.0

$1,293,497

0

1

0

$1,449,999

Change

+120.0%

+18.2%

+6.4%

-4.0%

0.0%

0.0%

0

-100.0%

2018

5065

1417

2.5

$249,822

480

107

2.7

$134,542

2017

4872

1250

2.3

$240,365

440

117

2.3

$122,004

Change

+4.0%

+13.4%

+9.0%

+4.0%

+9.1%

-16.2%

+21.0%

+10.0%

Total

While buying and selling a home can be stressful, the current housing market conditions should give peace of mind to both sides of the deal. The slow rise in interest rates is being offset by strong job and income growth in Brevard. New home construction is helping to fill some of the demand keeping price increases to slightly above the rate of inflation at 4-10%. Both buyers and sellers working with their realtor to set appropriate expectations should find

this an outstanding market to make their move. If you are considering buying or selling, sit down with your real estate agent to find out the value of your current home.

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.

Page 23

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

Listed and Sold by Susan

FLEMING GRANT, MICCO 32976 SOLD for $650,000 Go back in time to find this type of riverfront acreage. Twenty acres on the sebastian river, truly old florida waterfront.

Zoned residential.

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