3rd Quarter Vero Beach Island Market Report

2018 3rd Quarter Vero Beach Island

RECENTLY SOLD

SOLD $1,150,000

SOLD $995,000

835 Starboard Drive

12968 Highway A1A

SOLD $830,000 604 Eugenia Road

www.FLColdwellBanker.com

SOLD $899,000 530 Acacia Road

SOLD $774,000

SOLD $649,000

1515 Ocean Drive #9

1995 Surfside Terrace

SOLD $560,000

SOLD $555,000

SOLD $533,633

1026 Flamevine Lane #401

655 Bougainvillea Lane

2140 Sanford Court

SOLD $481,000 1530 Smugglers Cove

SOLD $450,000 416 Holly Road

Homes are selling fast!

Call now to see how much your home is worth!

772-231-4880

PRSRT STD US POSTAGE PAID West Palm Bch, FL Permit #611

Vero Beach Island Global Luxury 4625 Florida A1A Vero Beach FL, 32963 772-231-4880 Vero Beach Office 1950 US-1 Vero Beach FL, 32960 772-778-2029

North Hutchinson Island 4007 Florida A1A Fort Pierce FL, 34949 772-464-7007

ECRWSS

*********ECRWSSEDDM********

www.FLColdwellBanker.com

POSTAL CUSTOMER

With 11 offices covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise is the area’s largest full service real estate company.

2018 Vero Beach Island 3rd Quarter Real Estate

MARKET REPORT

Homes Sold

Current Listings

Month’s Supply

Average Price

Condos Sold

Current Listings

Month’s Supply

Average Price

2018

81

43

4.8

$412,780

121

86

6.4

$309,510

2017

102

30

2.6

$428,425

103

75

6.6

$322,961

Change

-20.6%

+43.3%

+80.5%

-4.0%

+17.5%

+14.7%

-2.4%

-4.0%

$500,000 to

2018

153

128

7.5

$690,116

49

54

9.9

$636,902

$1,000,000

2017

126

113

8.1

$756,830

50

33

5.9

$693,672

Change

+21.4%

+13.3%

-6.7%

-9.0%

-2.0%

+63.6%

+67.0%

-8.0%

Over

2018

108

170

14.2

$2,022,518

11

18

14.7

$1,728,364

$1,000,001

2017

104

170

14.7

$2,652,365

16

24

13.5

$1,908,375

Change

+3.8%

0.0%

-3.7%

-24.0%

-31.3%

-25.0%

+9.1%

-9.0%

2018

342

341

9.0

$1,045,189

181

158

7.9

$484,369

2017

332

313

8.5

$1,249,716

169

132

7.0

$582,737

Change

+3.0%

+8.9%

+5.8%

-16.0%

+7.1%

+19.7%

+11.8%

-17.0%

Price Point

Year

Under $500,000

Total

Shift In Island Market Likely to Continue The Vero Beach Island market experienced a shift this year with a decline in all price categories.The number of homes and amount of time on the market has increased. This change has been in both the single family and the condominium market.

This was anticipated as part of the normal market corrections after a number of years of increased prices and the recent interest rate increases. It is anticipated that these market conditions will continue through 2019. If you are considering buying or selling, sit down with your real estate agent to find out the value of your current home. Call 772-231-4880 to contact your preferred real estate agent today. With 11 offices covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise is the area’s largest full service real estate company.