Why Live in Downtown Melbourne
Melbourne's coastal, cultural and commercial center is undergoing a transition. Streetscape improvements, luxury condominiums and businesses are injecting new life into Downtown Melbourne after some mainstays recently closed. Even as it grows, it's already marked by a busy shopping, dining and events scene. "You can easily walk to enjoy a great night downtown and come back to your oasis without having to drive," according to Anthony Romero, Realtor with Dale Sorensen Real Estate. "That's the lifestyle that everyone lives down there. It's a magical spot that's really just being noticed and still on the forefront of growth." The downtown landscape includes secluded, tree-lined streets and waterfront condos and townhouses. Residential streets branch off of New Haven Avenue, the main commercial road. Single-family homes include Spanish Revival, Minimal Traditional, ranch and bungalow-style properties ranging from around $300,000 to $900,000. Mature palms, pines and Spanish moss-draped oak trees help to buffer sound from the busy road. According to Romero, there is a high demand and a low supply in this sought-after area, but waterfront condos are adding to the luxury market. Condos
Home Trends in Downtown Melbourne, FL
On average, homes in Downtown Melbourne, Melbourne sell after 78 days on the market compared to the national average of 70 days. The median sale price for homes in Downtown Melbourne, Melbourne over the last 12 months is $570,000, up 50% from the median home sale price over the previous 12 months.
Median Sale Price
$570,000
Median Single Family Sale Price
$570,000
Median Townhouse Sale Price
$416,200
Average Price Per Sq Ft
$233
Number of Homes for Sale
1
Last 12 months Home Sales
41
Median List Price
$570,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
50%