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
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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.