Brevard Island 2015 First Quarter Real Estate Market Report

2015 Brevard Island First Quarter Real Estate

MARKET REPORT

Just Reduced to $539,000 5247 Solway Drive Melbourne Beach

Indialantic Office 232 Fifth Avenue, Indialantic, FL 32903

321.951.3300

Coldwell Banker Paradise Reports Positive Housing Market Trends for 1st Quarter of 2015 on the Island in Brevard County Shrinking inventory, steady economic improvement and consumer confidence led to overall gains in the local housing market, reported Coldwell Banker Paradise, the trusted leader in local real estate from Jensen to Cocoa Beach in its just released 2015 1st Quarter market analysis available to its agents and their clients. “Just as 2014 was a transition year from recovery to stabilization, so has 2015 started out, steady but overall positive across the board, it is just the kind of steady and slow rate of growth we like to see,” stated Co-Owner and Broker Steven Schlitt.

If the inventory remains at such a low level price increases will continue to increase into second quarter of 2015.

Under $500k market supply of inventory dipped from a balanced market to a shortage of supply creating strong price increases in homes under $250k, with an $171k average price. If the inventory remains at such a low level price increases will continue to increase into second quarter of 2015. In the over $500k market inventory improved to a more balanced market between buyers and sellers and prices stabilized as well with only small changes up and down.

What’s my home or condo worth in today’s market?

Coldwell Banker Paradise agents are experts in the local housing market and can help you assess your property. Call us today at our Indialantic Office 321-951-3300. All discussions are strictly confidential. Serving all four counties on the Treasure and Space Coast (Brevard, Indian River, St. Lucie and Martin Counties) Coldwell Banker Paradise has nine offices and over 210 agents.

If you would like to continue getting our quarterly updates, just let us know. Email us at Schlitt@ColdwellBanker.com.

We will make sure that a copy is delivered to you quarterly.

All the best,

Linda Schlitt Gonzalez and Steven Schlitt, Owners

BREVARD ISLAND SINGLE FAMILY HOMES FIRST QUARTER 2015 COMPARISON TO FIRST QUARTER 2014 Price Point Under $250,000

$250,000 to $500,000

$500,001 to $1,000,000

Over $1,000,000

Total

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

2015

185

118

1.9

$171,487

2014

208

195

2.8

$152,112

Change

-11.1%

-39.5%

-32%

12.7%

2015

168

229

4.1

$344,651

2014

122

269

6.6

$333,101

Change

37.7%

-14.9%

-38.2%

3.5%

2015

42

114

8.1

$694,339

2014

34

114

10.1

$697,964

Change

23.5%

0%

-19%

-0.5%

2015

13

54

12.5

$1,772,154

2014

3

74

74

$1,263,333

Change

333.3%

-27%

-83.2%

40.3%

2015

408

515

3.8

$347,614

2014

367

652

5.3

$271,930

Change

11.2%

-21%

-28.9%

27.8%

BREVARD ISLAND CONDOS FIRST QUARTER 2015 COMPARISON TO FIRST QUARTER 2014 Price Point Under $250,000

$250,000 to $500,000

$500,001 to $1,000,000

Over $1,000,000

Total

Year

Condos Sold

Current Listings

Month’s Supply

Average Price

2015

168

219

3.9

$126,348

2014

178

260

4.4

$125,622

Change

-5.6%

-15.8%

-10.8%

0.6%

2015

75

142

5.7

$342,250

2014

58

255

13.2

$347,914

Change

29.3%

-44.3%

-56.9%

-1.6%

2015

15

84

16.8

$622,167

2014

11

48

13.1

$644,227

Change

36.4%

75%

28.3%

-3.4%

2015

0

4

0

0

2014

0

0

0

0

Change

0%

400%

0%

0%

2015

258

449

5.2

$217,937

2014

247

563

6.8

$200,916

Change

4.5%

-20.2%

-23.6%

8.5%

EXCLUSIVELY PRESENTING:

$1,180,000

$875,000

$615,000

5443 The Willows Drive

10016 Tropical Trail

2085 Highway A1A

MELBOURNE

MERRIT ISLAND WATERFRONT

INDIAN HARBOUR BEACH

$549,900

$460,000

$457,900

5247 Solway Drive

284 Clyde Street

3770 Raney Road

MELBOURNE BEACH

MELBOURNE BEACH

TITUSVILLE

WE INVITE YOU TO VIEW OUR ENTIRE COLLECTION AT:

FLColdwellBanker.com

PRSRT SSTD ECRWSS U.S. POSTAGE PAID EDDMRETAIL

A SELECTION OF RECENT SOLDS: S O LD IN 1 0 DAYS

$639,000

SATELLITE BEACH

CONTINGENT $498,900

SOLD for $470,000

MELBOURNE BEACH

380 Nikomas Way

1610 Sun Pointe

SOLD IN 4 DAYS

SOLD IN 6 DAYS

$389,900

SATELLITE BEACH

409 Nautilus Drive

SOLD for $370,000 $325,900

MELBOURNE BEACH

250 Sea Dunes Drive

CONTINGENT $279,000

WEST MELBOURNE

SOLD for $279,000

7968 Timberlake Drive

TRUST THE REALTOR WITH PROVEN RESULTS

C

oldwell Banker Paradise is the largest real estate brokerage firm in the area, with 9 offices serving St. Lucie, Indian River and Brevard Counties. We are commited to providing the highest level of real estate services to our clients.

For over 60 years our family-owned and operated company has assembled a highly trained and professional sales organization. We have specialists in residential and commercial sales, leasing services for both, as well as a property management division.

Whether you are considering buying, selling, leasing or professional management of your property, give us a call. We are open 7 days a week for your convenience.

INDIALANTIC 321-951-3300