2017 Sebastian 3rd Quarter Real Estate

2017 Sebastian 3rd Quarter Real Estate

MARKET REPORT

$525,000 each side

9440 and 9448 52nd Court

SEBASTIAN

1209 US-1 772-589-7777

Sebastian 3rd Quarter Comparison 2017 to 2016 Short Inventory Leading to Maturing of Sebastian Housing Market The Sebastian housing market is undergoing a down the road. And although the economy is enjoying transition from an affordable place to buy to a higher robust growth, wages have not kept pace. A factor price point in home sales reports Coldwell Banker that is likely contributing to the price stabilization Paradise in their recently released 3rd Quarter Market we are seeing across markets. That, in combination Report for 2017. Formerly a housing market where with buyer resistance and financing are all holding buyers could purchase more affordable units under prices stable. $250K, much of the inventory at that price point for single family homes has With eleven offices covering disappeared. With one months supply Sales $250K+ Up 135 miles of Florida’s East and an -32% decline in sales, single family Coast, Coldwell Banker Paradise homes for sale under $250k are few and recently celebrated 64 years of far between. Strong sales at the mid-tocontinued service to its clients and higher level of the market dominated the communities. Proud of its history, 3rd Quarter. New construction is likely to grounded in tradition, and growing boost both inventory and average price thanks to its values, Coldwell Banker in coming months, with most new homes Paradise is the area’s only full coming onto the market at over $250k. service real estate company with six divisions including: residential National trends continue to buoy local markets as well. sales and rentals, commercial sales and leases, With the US job market on a historic streak of over 80 property management, and concierge services. months consecutive job growth, it is a good time to be buying or selling homes. As has been the case in To speak with one of our agents, call our Sebastian recent years, interest rates are likely to remain low in office at 772-589-7777. the near future, with only gradual increases to come

61%

SINGLE FAMILY HOMES Price Point Under $100,000

$100,001 to $250,000

$250,001 to $500,000

Over $500,000

Total

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

2017

23

6

2.3

$74,016

2016

34

2

0.5

$79,900

Change

-32.4%

+200.0%

+343.5%

-7.0%

2017

484

85

1.6

$191,455

2016

481

68

1.3

$187,418

Change

+0.6%

+25.0%

+24.2%

+2.0%

2017

124

57

4.1

$310,667

2016

77

51

6.0

$348,550

Change

+61.0%

+11.8%

-30.6%

-11.0%

2017

9

24

24.0

$913,444

2016

6

21

31.5

$940,443

Change

+61.0%

+14.3%

-23.8%

-3.0%

2017

640

172

2.4

$220,485

2016

598

142

2.1

$209,608

Change

+7.0%

+21.1%

+13.2%

+5.0%

New to the Market

$785,000

$290,000

$229,000

$224,900

11188 US Highway 1

587 Willow court

115 Curtis Circle

286 Columbus Court

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 our Sebastian office at 772-589-7777.

A Selection of Recently Sold Properties

$239,900

663 Gossamer Wing Way

$150,000

6112 Riverrun Drive

$139,000

513 Carnival Terrace