2014 Brevard Island Mid-Year Market Report

2014 Brevard Island Mid-Year Real Estate

MARKET REPORT

7797 Highway A1A Offered at $2,495,000

Indialantic Office 232 Fifth Avenue, Indialantic, FL 32903

321.951.3300

2014 Brevard Island Mid-Year Real Estate Report As specialists in our area, we are pleased to present mid-year key market indicators impacting local real estate values this year. We use this information to forecast market trends that are likely to occur throughout the year. Buyers, sellers and homeowners can make informed decisions based on current and comprehensive information specific to our area.

Historically, both the housing market and economy have been cyclical. After years of declining real estate values, stabilization is finally at hand. The indicators reflect mixed results for mid-year 2014 compared to the same time period a year earlier. Sales activity in most categories increased, and inventory levels remained close to stable, or decreased. However changes in the average sales prices varied in different market segments. The overall data suggests that a positive change in our local real estate market is well underway.

We invite your inquiries and welcome the opportunity to be of service to you. Please contact us directly at 321-951-3300.

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 MID-YEAR 2014 COMPARISON TO MID-YEAR 2013 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

2014

428

180

2.5

$157,053

2013

396

320

4.8

$158,422

Change

+8%

-44%

-48%

-1%

2014

271

234

5.2

$333,509

2013

246

270

7

$343,899

Change

+10%

-13%

-26%

-3%

2014

68

130

11.5

$675,758

2013

46

125

16.3

$682,209

Change

+48%

+4%

-29%

-1%

2014

12

77

38.5

$1,430,575

2013

11

67

12.2

$1,452,273

Change

+9%

+15%

+216%

-1%

2014

834

650

4.7

$292,109

2013

760

751

5.9

$293,336

Change +10% -13% -20% 0% *2014 Current listing data as of 6/30/14 and 2013 current listing data as of 12/31/13. Based on number of homes listed and sold as reported by the MLS systems taken from Terradatum in Brevard County.

BREVARD ISLAND CONDOS MID-YEAR 2014 COMPARISON TO MID-YEAR 2013 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

2014

363

209

3.5

$128,306

2013

393

289

4.4

$118,775

Change

-8%

-28%

-20%

+8%

2014

136

169

7.5

$336,802

2013

136

284

12.5

$339,630

Change

0%

-40%

-40%

-1%

2014

22

45

12.3

$665,023

2013

14

60

25.7

$633,536

Change

+57%

-25%

-52%

+5%

2014

0

1

-

-

2013

0

1

-

-

Change

0%

0%

-

-

2014

521

424

4.9

$205,395

2013

543

634

7

$187,348

Change

-4%

-33%

-30%

+10%

*2014 Current listing data as of 6/30/14 and 2013 current listing data as of 12/31/13. Based on number of homes listed and sold as reported by the MLS systems taken from Terradatum in Brevard County.

G

EXCLUSIVELY PRESENTING:

N DI

N

PE

$2,600,000

$799,950

$1,299,000

313 Oak Street

10016 S. Tropical Trail

195 May Drive

$998,000

$695,000

$879,000

340 Bay Point Drive

6000 Highway A1A

1001 Riverside Drive

OCEANFRONT • INDIALANTIC

RIVERFRONT ESTATE • MELBOURNE

VIEW OF THE COVE • MELBOURNE

SOUTH BEACH • MELBOURNE SHORES

INDIAN RIVER FRONT • TITUSVILLE

EURO-STYLE ESTATE • INDIALANTIC

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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