Is the Property Market Going up in Indialantic, FL?

View of the ocean in FL

Like much of the Space Coast, Indialantic is still a hot market and only rising more. The area has seen substantial growth over the last couple of years and 2021 is no exception. With a current 8 percent increase in median sales prices year over year, Indialantic is still a hot spot for investors and families alike.

Right now you’ll find that most Indialantic homes come in around $605,000 but luxury properties have started pushing over $1 million. Higher prices are currently being offset by low mortgage rates so be sure to lock it in while you can!

Indialantic’s Market Isn’t Slowing Down Anytime Soon

The rush to buy homes mixed with lower inventory means that it’s a sellers market but buyers don’t mind paying more premium because they can snag a historically low fixed-interest loan. Budgets aren’t impacted as much as standard price increases thanks to this and families ready for a change of pace after the pandemic are taking advantage of it.

Indialantic brings an idyllic view of the coast and creates the ideal environment for residents all year long. Go farther up the East Coast and you’ll watch prices shoot up even higher in places like Boston, even though the weather and amenities can’t compete with the Space Coast. It’s a slice of paradise right here in our own backyard which will always keep the market fresh and exciting.

Luxury Living at a Price You Can Afford

Even with higher listing prices, sellers are happy to drop below them a bit as they already realize heavy gains from their property. Property managers are turning homes and condos into short-term rentals to accommodate the flood of remote workers and traveling couples coming into the area. The flexibility allows them to feel as though they’re on vacation 24/7, meaning owners are able to charge more for an Airbnb without becoming less appealing than a traditional rental.

The Space Coast has a bevvy of options when it comes to getting out and having fun. Cape Canaveral is home to rocket and satellite launches to show just how the region got its name. The outdoors scene is also something to behold with a variety of biomes all within a short drive. Enjoy walks through protected wetlands, marshes, forests and along the many inlets scattered about. When it’s time to get away, Orlando Studios and Walt Disney World provide you with the dream vacation within driving distance.

Workers have taken to Indialantic for the high-quality living quarters as they find jobs with many of the space, security and engineering companies making their home nearby. If you’re ready to reserve your place where every from children to retirees is happy to call home, then don’t waste another moment. Reach out to the David Curri team and find your dream home or property today.