Mid-year market report_Sarah Munkacsy Team

2018 Mid-Year Market Report BREVARD COUNTY

SARAH MUNKACSY TEAM 321-890-2382

7797

S. Highway A1A 4 BEDROOMS • 4 FULL BATHS MELBOURNE BEACH • $1,895,000 COLDWELL BANKER PARADISE THE SARAH MUNKACSY TEAM 321-890-2382

Brevard Beachside Mid-Year Market Report

RECENTLY SOLD

SOLD $950,000

SOLD $1,200,000

SOLD $585,000

400 Riverside Drive

847 Malibu Lane

SOLD by SARAH

www.FLColdwellBanker.com

SOLD by SARAH

468 Bridgetown Court SOLD by SARAH

SOLD $580,000

SOLD $524,000 207 Ivory Drive

SOLD $480,800

14 Claymont Court

SOLD $470,000

SOLD $460,000

SOLD $440,000

581 Hwy A1a #302

302 Sanibel Way

SOLD by SARAH

SOLD by SARAH

SOLD $415,000

5165 Palmetto Drive

SOLD $385,000

5582 Beach Elder Way

210 Ivory Drive

472 Cardinal Drive

Homes are selling fast!

Call to see how much your home is worth!

The Sarah Munkacsy Team 321-890-2382

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%.

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.

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.

“Sarah is an outstanding agent whose knowledge of the local market is extraordinary. She was able to show us several properties in a few days and helped us understand the pros and cons of each property such as what the HOA fees covered and rental restrictions . She also helped us understand the mortgage process and was able to recommend several possibilities for loans. Although we didn’t find a suitable property during this trip, she has continued to send us updates of available properties. We look forward to meeting with her again to review our options in the future.”

- Ed B. “We found Sarah to be highly responsive, professional and knowledgeable of the local area. She provided my husband and I a very positive buyers experience through every phase of the purchase.

We were relocating so Sarah made us feel very welcomed with some tips for a successful transition. We highly recommend Sarah for all your real estate needs!”

- Sarah D.

Brevard Mainland Mid-Year Market Report

RECENTLY SOLD

www.FLColdwellBanker.com

SOLD by SARAH

SOLD $715,000

SOLD $540,000

340 Bay Point Drive

67 Hill Top Land

SOLD $513,000

SOLD $505,000

SOLD $530,000 697 Nicklaus Drive

SOLD by SARAH

1437 N. Jennings Lane

SOLD $439,000 1045 Shiloh Drive

708 Nicklaus Drive

SOLD $425,000

4409 Heaton Park Trail

SOLD by SARAH

SOLD $380,000

3811 Funston Circle

SOLD $373,000

5239 Wexford 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!

The Sarah Munkacsy Team 321-890-2382

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

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%

$250,000

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.

SARAH MUNKACSY TEAM

Staging Homes TO SELL A home that looks its best is more likely to sell faster and for a better price. Here are a few tips from the experts for preparing your home for market and staging it for showings.

Outside Repaint or touch up trim Make needed repairs Wash windows and screens Trim trees, hedges and shrubs Weed and feed lawn and maintain mowing

Entrance Check doorbell and replace light bulbs Put out new welcome mat Clean/repair/repaint front door Sweep walkway General Replace burned-out light bulbs Clear out closets Eliminate clutter Neutralize and depersonalize

Call us at 321-890-2382 for how we can help you earn more money on the sale of your home with the right staging

Rooms Touch up or repaint walls, trim and ceilings Clean or replace carpeting Clean curtains, shutters and blinds Clean fireplace, mantle and surrounding areas Update décor: throw pillows, bedspreads, towels Kitchen & Bath Clean appliances inside and out Clear out and clean cabinets, drawers and pantry Clean, repair or replace faucets and fixtures Declutter counters Regrout sinks, tubs and showers Before Each Showing Pick up toys and clutter Clear off counters and tabletops Turn on lights Make beds Make sure home smells inviting

SARAH MUNKACSY TEAM

Elder and Estate Specialized Listing Program WE UNDERSTAND TRANSITIONS We have personally travelled this road, as baby boomer children of aging parents. On the one hand we had parents in their late 80’s living in the house they built together in 1952 with 54 years of memories and accumulation. Our father was a tireless caretaker of the love of his life as she slipped into Alzheimer’s. On the other hand, we had our mother in her early 80’s recovering from 2 broken hips, suffering with severe COPD and the beginning stages of dementia.

Both parents were having an awful time accepting that they were entering a new stage of life and it was time to move on.

Call us at 321-890-2382 for our complete list of elder care services

THE SARAH MUNKACSY TEAM PROVIDES COMPASSION We understand the emotions of the journey and provide our services with the same compassion, caring and empathy that we needed to move our parents through their transitions.

Here is an excerpt from a testimonial by Jim Warburton, a Realtor® with Coldwell Banker Paradise, who asked us to consult with him on a new listing from an 85 year old widow who has lived a remarkable life. She recognized that it was time to move out of her house and into a retirement community:

“At this point, I was a little concerned due to my client’s emotional fragility toward removing her life from the walls. It was an area that needed to be handled gently.

Sarah and her husband, Al, at our first meeting confirmed to her everything I said, and started to help by the removing and storing of her treasures. They handled the situation with the firmness but gentleness and the understanding that the situation called for. They understood her frailty and treated her as if she were family.

I am extremely pleased with their professionalism and help, and highly recommend them as an important step in the sales process. Nothing but good can result from their consultation.” - Jim Warburton

The Sarah Munkacsy Team

Sarah Munkacsy, REALTOR® - Team Leader, specializing in Elder and Estate Service, Staging, Global Luxury Listings and Residential.

Direct Line: 321-890-2382 Email: Sarah.Munkacsy@cbparadise.com Alan Munkacsy, REALTOR® - With a background in engineering, Al specializes in Commercial and Residential and helps managet the Elder and Estate Services as well as Staging Assignments Direct Line: 321-704-3735 Email: Alan.Munkacsy@cbparadise.com Samantha Howe, REALTOR® - Specializes as a Buyer’s Agent with a passion for working with families who have children and animals. Direct Line: 517-488-2722 Email: Samantha.Howe@cbparadise.com Joel Danforth, REALTOR® - A Fitness expert and former business owner, Joel brings compassion and wonderful customer service skills to the table. Direct Line: 321-591-5061 Email: Joel.Danforth@cbparadise. com Jason Geiger, REALTOR® - Formerly employed with Harris, Jason is a former client of The Sarah Munkacsy Team. He became a realtor and joined the team after downsizing his own home and seeing how rewarding being a Realtor is.

Direct Line: 321-586-7668 Email: Jason.Geiger@cbparadise.com Barb Jones, REALTOR® - Barbara got her introduction to real estate through selling her home with The Sarah Munkacsy Team. Representing the team in Indian River County, Barbara is a former Paralegal.

Direct Line: 720-261-4183 Email: Barbara.Jones@cbparadise.com