3rd Quarter Brevard Mainland Market Report

2018 3rd Quarter Brevard County Mainland

RECENTLY SOLD

SOLD $715,000 950 Stratford Place

SOLD $370,000

3075 Constellation Drive

SOLD $354,000

3475 Shady Run Road

SOLD $335,000

560 Lake Ashley Circle

SOLD $455,000

3728 Peacock Drive

SOLD $369,500

4247 Montreaux Avenue

SOLD $349,000

2745 Tuscarora Court

SOLD $318,200 960 Shaw Circle

www.FLColdwellBanker.com

SOLD $410,000

555 Chestnut Street

SOLD $355,000

1401 Whitman Drive

SOLD $342,000

325 Barrymore Drive, Rockledge

Homes are are selling fast! Call now to see how much your home is worth!

321-951-3300

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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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 County 3rd 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

3076

648

1.9

$174,937

$250,000

2017

3284

538

1.5

$172,015

451

89

2.6

$115,281

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

$500,000

2017

1406

531

3.0

$325,969

21

12

3.0

$363,845

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

Healthy Market: Great News for Both Buyers and Sellers 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. Call 321-951-3300 to contact your preferred real estate agent today.