Bb flipbook 2nd qtr

2016 Brevard County Beachside Mid-Year Real Estate

M A R KET R EP ORT 1550 Highway A1A Satellite Beach, FL 32937 321-222-9449 232 5th Avenue Indialantic, FL 32903 321-951-3300

Brevard County Beachside

Mid-Year Comparison 2016 to 2015 Tight Inventory Will Need Price Adjustments

884

Single family home numbers on the market are dimming at -29.6%. This tight inventory has begun



+3.3% Homes Sold

to create a competitive price increase starting at a 4.6% increase. Pricing will continue to be competitive in order to help with the slow down rate of sales at -8.6%. Sellers take note, buyers will be waiting for the perfect priced opportunity.

Average Price +4.6%

$349K

SINGLE FAMILY HOMES Price Point Under $250,000

$250,001 to $500,000

$500,001 to $1,000,000

Over $1,000,000

Total

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

2016

314

43

0.8

$181,249

2015

427

98

1.9

$174,765

Change

-26.5%

-56.1%

-56.8%

+3.7%

2016

443

209

2.8

$341,579

2015

417

225

4.1

$345,743

Change

+6.2%

-7.1%

-31.0%

-1.2%

2016

105

107

6.1

$655,354

2015

103

127

8.1

$699,776

Change

+1.9%

-15.7%

-24.5%

-6.3%

2016

22

35

9.5

$1,433,795

2015

20

53

12.5

$1,591,400

Change

+10.0%

-34.0%

-23.6%

-9.9%

2016

884

394

2.7

$349,080

2015

967

503

3.8

$333,717

Change

-8.6%

-21.7%

-29.6%

+4.6%

Your Housing Forecast!

Low Inventory Demands A Slight Increase In Pricing.

This quarters inventory is down -38% in the

FOR SELLERS:

condo market pushing prices to increase

Very Bright! Key pricing will be necessary to stay on top in this competitive market.

slightly 14%. This has just begun to effect the amount of total sales of condos however at a mere -2.5%. The lack of inventory will

FOR BUYERS & INVESTORS:

continue to increase prices at a healthy rate

Chance of Clouds! Tight inventory and smart pricing will require a market savvy guide!

for this market. Knowing just the right price point is key for sellers right now. Buyers will be on the hunt for the perfect mixture of quality and price, and will spot anything new very fast.

CONDOS Price Point

Under $250,000

$250,001 to $500,000

$500,001 to $1,000,000

Over $1,000,000

Total

Year

Condos Sold

Current Listings

Month’s Supply

Average Price

2016

343

133

2.3

$136,420

2015

382

143

3.9

$131,305

Change

-10.2%

-7.0%

-40.3%

+3.9%

2016

194

126

3.9

$353,605

2015

189

129

5.7

$343,414

Change

+2.6%

-2.3%

-31.6%

+3.0%

2016

52

54

6.2

$665,863

2015

36

62

16.8

$608,208

Change

+44.4%

-12.9%

0.0%

+9.5%

2016

3

5

10

$1,083,333

2015

0

4

0

$0

Change

0%

25.0%

0.0%

+100%

2016

592

318

3.2

$258,895

2015

607

338

5.2

$225,633

Change

-2.5%

-5.9%

-38.0%

+14.7%

R E C E N T LY S O L D B E A C H S I D E P R O P E R T I E S :

$420,000

407 Hwy A1A # 422

$370,000

630 Florence Court

$315,000

120 Duval Street

E X C L U S I V E LY P R E S E N T I N G :

$750,000

2344 Brookside Drive

$699,000

265 Arrowhead Lane

$369,000

2310 S Atlantic Avenue

A B O U T C O L DW E L L B A N K E R PA R A D I S E : Voted BEST Indian River County brokerage by the readers of Treasure Coast Newspapers,Coldwell Banker Paradise is the oldest and largest, full service real estate company on the Space and Treasure Coast. Originally established by Ed and Marguerite Schlitt over 63 years ago in Vero Beach, the company is now owned by sister and brother team Linda Schlitt Gonzalez and Steven Schlitt. We are proud to boast that we have over 270 savvy real estate agents and 48 full time staff, including an exceptional fully staffed marketing department.We represent luxury, residential and commercial properties, along with having a property management division in each of our ten offices.

C O L D W E L L

B A N K E R

P A R A D I S E

W W W. F L C O L D W E L L B A N K E R . C O M