2018 Brevard Mainland Mid-Year Market Report

Brevard Mainland

RECENTLY SOLD

SOLD $715,000

SOLD $540,000

340 Bay Point Drive

67 Hill Top Land

SOLD $513,000

SOLD $505,000

1437 N. Jennings Lane

SOLD $439,000 1045 Shiloh Drive

708 Nicklaus Drive

SOLD $425,000

4409 Heaton Park Trail

www.FLColdwellBanker.com

SOLD $530,000 697 Nicklaus Drive

SOLD $425,000

545 Spring Lake Drive

SOLD $392,000

3862 Peacock Drive

Homes are selling fast!

Call to see how much your home is worth!

321-951-3300 SOLD $380,000

3811 Funston Circle

SOLD $373,000

5239 Wexford Drive

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

www.FLColdwellBanker.com

2018 Brevard Mainland 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

2032

578

1.7

$176,402

305

103

2.0

$113,818

$250,000

2017

2230

524

1.4

$166,576

293

113

2.3

$103,274

Change

-8.9%

10.3%

21.1%

6%

4.1%

-8.8%

-13%

10%

$250,001 to

2018

1041

642

3.8

$330,569

16

7

2.6

$363,938

$500,000

2017

906

480

3.2

$328,925

12

7

3.5

$361,458

Change

14.9%

33.8%

18.5%

0%

33.3%

0.0%

-25%

1%

$500,001 to

2018

135

180

8.0

$623,240

5

5

6.0

$648,593

$1,000,000

2017

105

152

8.7

$630,634

2

1

3.0

$556,250

Change

28.6%

18.4%

-8%

-1%

150%

400.0%

100.0%

17%

Over

2018

12

27

13.5

$1,236,667

0

1

#DIV/0!

-

$1,000,000

2017

14

30

12.9

$1,243,974

0

1

#DIV/0!

-

Change

-14.3%

-10.0%

5%

-1%

#DIV/0!

0.0%

#DIV/0!

#DIV/0!

2018

3193

1427

2.7

$248,237.78

326

116

2.1

$134,295.90

2017

3255

1186

2.2

$231,367.97

307

122

2.4

$116,316.87

Change

-1.9%

20.3%

22.7%

7%

6.2%

-4.9%

-12.5%

15%

Total

As the job sector continues to expand in Brevard, especially higher paying tech jobs, the housing market is tightening. Sales have increased in the mid to high level from $250k-$1mil by 11.9% and 28.6% respectively. Prices are stabilizing across most segments, a trend that continues into the markets south as well.There’s a slight adjustment in sales in both the lower end of the market and at the over $1mil segment, contributing to an overall slight drop in sales -1.9%. With prices stabilizing and inventory levels low, those buyers looking for opportunities under $500k will have to be positioned to move quick.

With significant planned expansions in both tourism and technology, the Space Coast is once again rebuilding itself as a

destination for the boldest and brightest.The housing market is keeping pace, with sellers regaining equity and feeling confident and buyers having enough choice to make it competitive.

It’s an excellent time for sellers to consider putting their house on the market while activity remains strong – especially as interest rates are 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 321-222-9449. With eleven offices covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise is the largest full service real estate company in the area.