Indialantic Office232 Fifth Avenue, Indialantic, FL 32903321.951.3300

2014 Brevard Island Third Quarter Real Estate

MARKET REPORT

340 Bay Point Dr.Offered at $990,500

2014 Brevard Island Third Quarter Real Estate Report

BREVARD ISLAND SINGLE FAMILY HOMES THIRD QUARTER 2014 COMPARISON TO THIRD QUARTER 2013

Price Point Homes Sold Current Listings Month’s Supply Average Price

Under$250,000

$250,000 to$500,000

$500,001 to$1,000,000

Over$1,000,000

Total

2014 636 139 1.8 $163,345

2013 699 344 4.4 $159,059

Change +10% -60% -59% +3%

2014 489 222 4.1 $338,156

2013 426 290 6.1 $341,365

Change +15% -23% -33% -1%

2014 110 109 8.9 $663,025

2013 87 141 14.6 $680,620

Change +26% -23% -39% -3%

2014

2014

21

1,319

61

531

26.1

3.6

$1,454,019

$290,374

2013

2013

21

1,170

75

850

32.1

6.5

$1,400,983

$286,511

Change

Change

0%

+13%

-19%

-38%

-19%

-45%

0%

+1%

Year

As trusted real estate advisors in our area, we are pleased to present our Third Quarter Real Estate Report. We have identified key indicators that impact home values and use this information to forecast local market trends that help our clients make informed decisions about buying and selling real estate.

The real estate market recovery for both single family homes and condominiums has really taken hold during the first three quarters of 2014. The single family home market experienced a double-digit increase in the number of sales and a nearly 40% drop in the number of properties available for sale. Although prices have remained flat, with little inventory and higher demand, homeowners can expect price appreciation in 2015.

The condominium market has also experienced a dramatic drop in the number of units for sale. Price appreciation has already begun in this sector and is likely to continue in 2015. Call us today for information about your home’s value. We understand the market, list with us. Contact us at our Indialantic/Melbourne office 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

EXCLUSIVELY PRESENTING:

WE INVITE YOU TO VIEW OUR ENTIRE COLLECTION AT:FLColdwellBanker.com

$2,499,000OCEANFRONT • MELBOURNE BEACH7797 Highway A1A

$375,000LANTANA CONDOS • INDIAN HARBOUR BEACH1831 Highway A1A #3204

$995,0005 ACRE ESTATE • MELBOURNE5443 The Willows Drive

$389,000CANAL FRONT • MELBOURNE BEACH939 Portland Drive

$520,900WATERFRONT • MELBOURNE380 Nikomas Way

$449,000POOL HOME • INDIALANTIC1915 Caterbury Drive

Price Point Year Condos Sold Current Listings Month’s Supply Average Price

Under$250,000

$250,000 to$500,000

$500,001 to$1,000,000

Over$1,000,000

Total

2014 729 257 3.2 $138,243

2013 743 334 4 $126,108

Change -2% -23% -21% +10%

2014 238 163 6.2 $334,309

2013 224 247 9.9 $342,223

Change +6% -34% -38% -2%

2014 34 60 15.9 $669,221

2013 32 47 13.2 $645,398

Change +6% +28% +20% +4%

2014

2014

0

1,001

3

483

0

4.3

0

$202,895

2013

2013

0

999

4

632

0

5.7

0

$191,202

Change

Change

0%

0%

-25%

-24%

0%

-24%

0%

+6%

BREVARD ISLAND CONDOSTHIRD QUARTER 2014 COMPARISON TO THIRD QUARTER 2013

PRSRT SSTDECRWSS

U.S. POSTAGEPAID

EDDMRETAIL

A SELECTION OF RECENT SOLDS:

TRUST THE REALTOR WITH PROVEN RESULTS

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 andcommercial 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.

INDIALANTIC321-951-3300

$2,600,000 SOLD for $2,250,000OCEANFRONT • MELBOURNE BEACH313 Oak Street

$465,000 SOLD for $435,000OCEANFRONT • MELBOURNE BEACH1941 Highway A1A, #406

$429,900 SOLD for $412,000RIVERFRONT • MELBOURNE BEACH363 Marlin Place

$394,900 SOLD for $370,000ESTATE HOME • MELBOURNE4254 Turtle Mound

$460,000 SOLD for $439,000MILLION DOLLAR VIEWS • MELBOURNE BEACH130 Warsteiner Way #603