2017 Brevard Mainland 3rd Quarter Real Estate

2017 Brevard Mainland 3rd Quarter Real Estate

MARKET REPORT

$949,000 9235 S.E. Babcock Street

SATELLITE BEACH

1550 FLORIDA A1A 321-222-9449

INDIALANTIC

232 FIFTH AVE 321-951-3300

SEBASTIAN

1209 US-1 772-589-7777

Brevard Mainland 3rd Quarter Comparison 2017 to 2016 Low Inventory and Price Stabilization Lead the Charge in the Brevard Mainland Housing Market The housing market on the mainland in Brevard County is wages have not kept pace. It remains a good time to be a remarkable for having the lowest inventory levels across the buyer as interest rates are likely to remain low in the near Space and Treasure Coast, reports Coldwell Banker Paradise future, with only gradual increases to come down the road. in their recently released 3rd Quarter Market Report for Overall, it’s a good sign, as stabilization in pricing is a strong 2017. The largest full service real estate company on the indicator of long term housing market health.

Space and Treasure Coast, Coldwell Banker Paradise prides itself on its up to date and thorough market With eleven offices covering 135 miles of statistics. “It’s vital for our customers to Florida’s East Coast, Coldwell Banker Paradise Sales $250K+ Up keep a pulse on what is happening in the recently celebrated 64 years of continued market, our agents are the best trained and service to its clients and communities. Proud most informed to help them make critical of its history, grounded in tradition, and decisions at the right time,” stated Co-Owner growing thanks to its values, Coldwell Banker and Broker Linda Schlitt Gonzalez.

Paradise is the area’s only full service real

22%

In general, low inventory levels might lead to price increases, however, wage stagnation is likely a factor leading to price stabilization. That, in combination with buyer resistance and financing are all holding prices stable.

While the local job market reflects the robust pace of the national streak of over 80 months consecutive job growth,

estate company with six divisions including: residential sales and rentals, commercial sales and leases, property management, and concierge services.

To speak with one of our agents, call one of our offices in Brevard County: Indialantic, 321-951-3300; or Satellite Beach, 321-222-9449.

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

2017

3284

538

1.5

$172,015

2016

3664

56670

1.4

$175,850

Change

-10.4%

-5.6%

+5.3%

-2.0%

2017

1406

531

3.4

$339,133

2016

1151

402

3.1

$347,104

Change

+22.2%

+32.1%

+8.1%

-2.0%

2017

164

159

8.7

$646,715

2016

137

138

9.1

$665,851

Change

+19.7%

+15.2%

-3.8%

-3.0%

2017

18

22

11.0

$1,293,497

2016

6

21

31.5

$1,404,798

Change

+200.0%

+4.8%

-65.1%

-8.0%

2017

4872

1250

2.3

$240,366

2016

4958

1131

2.1

$230,634

Change

-1.7%

+10.5%

+12.5%

+4.0%

CONDOS Price Point Under $250,000

$250,001 to $500,000

$500,001 to $1,000,000

Total

Year

Condos Sold

Current Listings

Month’s Supply

Average Price

2017

423

107

2.3

$110,520

2016

418

75

1.6

$102,001

Change

+1.2%

+42.7%

+41.0%

+8.0%

2017

15

8

4.8

$382,160

2016

13

16

11.1

$422,281

Change

+15.4%

+50.0%

-55.7%

-10%

2017

2

1

4.5

$599,900

2016

2

4

18.0

$584,950

Change

0.0%

-75.0%

-75.0%

-4.0%

2017

440

117

2.4

$122,005

2016

433

96

2.0

$113,848

Change

+1.6%

+21.9%

+19.9%

+7.0%

New to the Market

$385,000

1422 Victoria Boulevard, Malabar

$239,900

905 Holloway Trail, Indialantic

Our Agents Have the Competitive Edge!

Using proprietary technology, our agents BRING THE BUYERS to each and every transaction. Using targeted software applications, and the latest in lead development and capture, our agents can not only target likely buyers, but have the technology in their hands, to put YOUR home in front of the most likely buyers. We don’t just work locally, but regionally, nationally and internationally to put your home front and center.

With eleven offices covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise recently celebrated 64 years of continued service to its clients and communities. Proud of its history, grounded in tradition, and growing thanks to its values, Coldwell Banker Paradise is the area’s only full service real estate company with six divisions including: residential sales and rentals, commercial sales and leases, property management, and concierge services. To speak with one of our agents, call one of our offices in Brevard County,:Indialantic, 321-951-3300; or Satellite Beach, 321-222-9449.

A Selection of Recently Sold Properties

$235,000

814 Pembroke Avenue

$220,000

5295 Brillance Circle

$103,500

2700 N. Highway A1A