Bm flipbook 2nd qtr

2016 Brevard County Mainland Mid-Year Real Estate

MA RK ET R EP ORT 1550 Highway A1A Satellite Beach, FL 32937 321-222-9449

232 5th Avenue Indialantic, FL 32903 321-951-3300

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

Brevard County Mainland

Mid-Year Comparison 2016 to 2015 Healthy Prices Encourage Healthy Sales Sales of single family houses are slightly up at 3.3% with healthy gains of 15.2%. The inventory is

3,241

+3.3% Homes Sold

slightly low in this market at -28.4% As the supply of homes continues to decrease the prices will continue to rise slightly. Keeping the price increase at a steady but low rate will help keep the sales numbers on the rise.

Average Price +15.2%

$201K

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

2445

566

1.4

$149,662

2015

2591

741

2.1

$134,987

Change

-5.6%

-23.6%

-33.9%

+10.9%

2016

708

385

3.3

$323,642

2015

485

362

5.2

$326,208

Change

+46.0%

+6.4%

-37.3%

-0.8%

2016

82

113

14.1

$615,126

2015

57

133

24.3

$653,652

Change

+43.9%

-15.0%

-41.4

-5.9%

2016

6

19

19.0

$1,299,243

2015

4

12

57.0

$1,258,450

Change

+50.0%

+58.3%

-66.7%

+3.2%

2016

3241

1083

2.0

201,573

2015

3137

1248

2.8

$174,993

Change

+3.3%

-13.2%

-28.4%

+15.2%

Your Housing Forecast!

The Right Pricing Will Keep Sales On Pace

FOR SELLERS:

Bright and HOT but Pricing is key.

Keeping the pricing competitive and accurate with take the experience of a stellar Realtor.

Condo sales on the mainland of Brevard county are up a healthy 12.4% even though the available inventory has taken a sizable decrease of -39.2%. Having the right priced condo is key to keeping sales up. This quarter the

FOR BUYERS & INVESTORS:

overall price increase is up .7%, even though

Slightly Cloudy, with inventory tight and prices on the steady rise, you will need someone market savvy to guide you.

the inventory is low, making for smart price adjustments on the sellers part. The health of this market will depend upon the right price with this amount of inventory.

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

288

89

1.9

$92,630

2015

245

108

2.6

$82,683

Change

+17.6%

-17.6%

-28.7%

+12.0%

2016

9

6

4.0

$361,822

2015

20

23

10.5

$327,326

Change

-55.0%

-73.9%

-61.9%

+10.5%

2016

2

2

6.0

$581,500

2015

1

6

18.0

$809,000

Change

+100%

-66.7%

-66.7%

-28.1%

2016

0

0

0

$0

2015

0

0

0

$0

Change

0%

0%

0%

0%

2016

299

97

1.9

$104,003

2015

266

137

3.2

$103,308

Change

+12.4%

-29.2%

-39.2%

+0.7%

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

$600,000

5506 Ambersand Place

$495,000

705 Palmer Way

$382,500

1136 Shiloh Drive

E X C L U S I V E LY P R E S E N T I N G : On the Cover!!!

$826,500

340 Bay Point Drive

$574,900

3459 Poseidon Way

$330,000

1390 Walton Court

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