2018 Brevard Beach Mid-Year Market Report

Brevard Beachside Mid-Year Market Report

RECENTLY SOLD

SOLD $1,200,000

SOLD $950,000

www.FLColdwellBanker.com

SOLD $585,000

847 Malibu Lane

400 Riverside Drive

468 Bridgetown Court

SOLD $580,000

SOLD $524,000 207 Ivory Drive

SOLD $480,800

14 Claymont Court

SOLD $470,000

SOLD $460,000

SOLD $440,000

302 Sanibel Way

581 Hwy A1a #302

210 Ivory Drive

472 Cardinal Drive

Homes are selling fast!

Call to see how much your home is worth!

321-222-9449 SOLD $415,000

5165 Palmetto Drive

SOLD $385,000

5582 Beach Elder Way

SATELLITE BEACH OFFICE 1550 Highway A1A Satellite Beach, FL 32937 INDIALANTIC OFFICE 232 5th Avenue Indialantic, FL 32903

www.FLColdwellBanker.com 2018 Brevard Beachside Mid-Year

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

194

44

1.4

$195,719

321

82

1.5

$154,852

$250,000

2017

254

36

0.9

$191,185

327

96

1.8

$145,236

Change

-23.6%

22.2%

60.0%

2.0%

-1.8%

-14.6%

-16.19%

7%

$250,001 to

2018

538

255

2.8

$363,143

208

222

6.4

$356,611

$500,000

2017

463

223

2.9

$368,693

185

159

5.2

$345,300

Change

16.2%

14.3%

-1.6%

-2%

12.4%

39.6%

23.1%

3%

$500,001 to

2018

133

177

8.0

$654,920

62

89

8.6

$631,553

$1,000,000

2017

139

139

6.0

$662,853

46

101

13.2

$629,098

Change

-4.3%

27.3%

33.1%

-1%

34.8%

-11.9%

-34.8%

0%

Over

2018

34

85

15.0

$1,875,413

3

4

8.0

$1,500,033

$1,000,000

2017

26

74

17.1

$1,391,781

1

10

60.0

$1,970,000

Change

30.8%

14.9%

-12.2%

35%

200%

-60%

-86.7%

-24%

2018

899

561

3.7

$427,373.55

594

397

4.0

$282,052.13

2017

882

472

3.2

$394,091.52

559

366

3.9

$254,528.05

Change

1.9%

18.9%

15.6%

8%

6.3%

8.5%

2.6%

11%

Total

Job growth and a robust economy is keeping the Brevard housing market healthy. Inventory continues to be tight with only 3.7 months supply on hand and prices are seeing a healthy and steady climb. Prices are stabilizing across most segments, a trend that continues into the markets south as well. The only segment that saw movement in both price and sales was in the luxury waterfront market, with sales of over $1m properties up 30.8% and average price up 35%.

is keeping pace, with sellers regaining equity and feeling confident and buyers having enough choice to make it competitive.

Its an excellent time for sellers to consider putting their house on the market while activity remains strong – especially as interest rates only likely to climb, which may put the brakes on an otherwise healthy and steady housing market.

If you would like to find the right price for your home in today’s changing market, contact us at 321-951-3300 or in Satellite Beach at With significant planned expansions in both tourism and 321-222-9449. With eleven offices covering 135 miles of Florida’s East technology, the Space Coast is once again rebuilding itself as a Coast, Coldwell Banker Paradise is the largest full service real estate destination for the boldest and brightest.The housing market company in the area.