3rd Quarter Brevard Beachside Market Report

2018 3rd Quarter Brevard Beachside

RECENTLY SOLD

www.FLColdwellBanker.com

SOLD $1,100,000

SOLD $980,000

SOLD $700,000

7595 Highway A1A, Melbourne Beach

1101 Atlantic St, Melbourne Beach

633 Franklyn Ave, Indialantic

SOLD $549,000

SOLD $495,000

SOLD $475,000

215 Clyde Street, Melbourne Beach

689 Mandalay Grove Court, Merrit Island

578 Veracruz Blvd, Indialantic

SOLD $454,000

SOLD $440,000

SOLD $351,000

223 Via Havarre, Merritt Island

209 Elm Ave, Melbourne Beach

864 Brookstone Drive, Merritt Island

SOLD $349,900

SOLD $340,000

1450 Glen Have Drive, Merritt Island

290 Harwood Ave, Satellite Beach

Homes are selling fast!

Call now to see how much your home is worth!

321-222-9449

SATELLITE BEACH OFFICE 1550 Highway A1A Satellite Beach FL, 32937 321-222-9449 INDIALANTIC OFFICE 232 5th Ave Indialantic FL, 32903 321-951-3300

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SEBASTIAN 1209 US-1 Sebastian FL, 32958 772-589-7777

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www.FLColdwellBanker.com

POSTAL CUSTOMER

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

2018 Brevard Beachside 3rd Quarter Real Estate

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

Healthy Market: Good News for Both Buyers and Sellers The Brevard housing market remains growth in prices in a moderate 3-7% outstanding selection. healthy thanks to an increase in jobs and range. new home construction. Strong growth

If you are considering buying or selling

The next 12 months will see more your property, sit down with your real

in the job market is generating buyers in of the same trend. Sellers who price estate agent to find out the value of need of homes despite the slow rise in their homes appropriately will see sales your current home. Call 321-222-9449 interest rates. New home construction within a few weeks to months. Buyers to contact your preferred real estate fills some of the demand keeping the looking for the perfect home will find an agent today.