2016 Vero Beach Island Third Quarter Market Report

PRST STD ECRWSS U.S. POSTAGE

PAID

STUART, FL PERMIT NO. 274

RESIDENTIAL CUSTOMER

R E C E N T LY S O L D I S L A N D P R O P E R T I E S :

$615,000

2160 Waltons Court

$585,600

905 Starboard Drive

$480,000

1160 Driftwood Drive

E X C L U S I V E LY P R E S E N T I N G : ON THE COVER

$430,000

9530 Frangipani Drive

$250,000

4143 Silver Palm DR, #5

Call Us For Newly Listed Homes On Vero Beach Island

A B O U T C O L DW E L L B A N K E R PA R A D I S E : With so much of the market changing so quickly, it takes a savvy and experienced agent to help guide you. Coldwell Banker Paradise prides itself in providing our agents with the technology, and tools to provide the best customer service in the industry. Combined with our agents’ intimate knowledge of the local market, Coldwell Banker Paradise agents are uniquely positioned to provide you with the sales history of a particular neighborhood. For your free market assessment, call our Vero Beach office at 772-231-4880.

C O L D W E L L

B A N K E R

P A R A D I S E

www.flcoldwellbanker.com

2016 Vero Beach Island Third Quarter Real Estate

MARKET REPORT 4625 Highway A1A Vero Beach, FL 32963

772-231-4880

1950 US-1 Vero Beach, FL 32960

1209 US-1 Sebastian, FL 32958

772-778-2029

772-589-7777

Vero Beach Island

Third Quarter Comparison 2016 to 2015 Investors and home owners continue to seek the mid-to-lower end of the market with prices rising 10%-20%.

Price Adjustments Help Ease Slowing of Condo Sales

Inventory continues to be tight at most levels of the

demand meeting prices, leading to a healthy gain in average price as well as a stabilization of inventory levels.

HOT & SUNNY! Your home could be the one that buyers are waiting for!

Let’s work together to price your home to sell in this HOT market!

down -10.2% compared to this time last

at the higher end of the market, where there is currently a Condominium prices and inventory has leveled off, with

FOR SELLERS:

Sales of Vero Beach Island condos are

market, causing healthy but steady price increases except generous supply of inventory, which is keeping prices flat.

Your Housing Forecast!

283 -10% 

Homes Sold

year but have slowed overall from the larger decrease in sales during the first

FOR BUYERS & INVESTORS:

quarter of this year of -16.7%. Prices

Skies not so clear...With inventory tight, it takes an experienced and savvy realtor to navigate! Let us be your GUIDE!

continue to stay even, with only a slight increase of +4.2% , a decrease from first

CALL US TO FIND OUT HOW MUCH YOUR HOME IS WORTH IN THIS TIGHT MARKET! 772-231-4880

quarter numbers. Inventory is tightening,

Average Price +93%

$1.8m

which is good news for sellers, as buyers will be hunting for just the right property appropriately priced.

SINGLE FAMILY HOMES Price Point Under $500,000

$500,000 to $1,00,000

Over $1,000,000

Total

CONDOS

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

2016

90

46

4.6

$434,343

2015

113

44

3.5

$383,426

Change

-20.4%

4.5%

31.3%

+13.3%

2016

105

115

9.9

$739,424

2015

115

89

7.0

$675,495

Change

-8.7%

29.2%

41.5%

9.5%

2016

88

179

18.3

$3.000,598

2015

87

123

12.7

$2,149,491

Change

-1.1%

45.5%

43.9%

+39.6%

2016

283

340

10.8

$1,888,590

2015

315

256

7.3

$977,824

Change

-10.2%

32.8%

47.8

93.1%

Price Point Under $500,000

$500,000 to $1,00,000

Over $1,000,000

Total

Year

Condos Sold

Current Listings

Month’s Supply

Average Price

2016

90

46

4.6

$434,343

2015

113

44

3.5

$383,426

Change

-20.4%

4.5%

31.3%

13.3%

2016

105

115

9.9

$739,424

2015

115

89

7.0

$675,495

Change

-8.7%

29.2%

41.5%

9.5%

2016

88

179

18.3

$3,000,598

2015

87

123

12.7

$2,149,491

Change

1.1%

45.5%

43.9%

39.6%

2016

283

340

10.8

$1,888,590

2015

315

256

7.3

$977,824

Change

-10.2%

32.8%

47.8%

93.1%

Vero Beach Island

Third Quarter Comparison 2016 to 2015 Investors and home owners continue to seek the mid-to-lower end of the market with prices rising 10%-20%.

Price Adjustments Help Ease Slowing of Condo Sales

Inventory continues to be tight at most levels of the

demand meeting prices, leading to a healthy gain in average price as well as a stabilization of inventory levels.

HOT & SUNNY! Your home could be the one that buyers are waiting for!

Let’s work together to price your home to sell in this HOT market!

down -10.2% compared to this time last

at the higher end of the market, where there is currently a Condominium prices and inventory has leveled off, with

FOR SELLERS:

Sales of Vero Beach Island condos are

market, causing healthy but steady price increases except generous supply of inventory, which is keeping prices flat.

Your Housing Forecast!

283 -10% 

Homes Sold

year but have slowed overall from the larger decrease in sales during the first

FOR BUYERS & INVESTORS:

quarter of this year of -16.7%. Prices

Skies not so clear...With inventory tight, it takes an experienced and savvy realtor to navigate! Let us be your GUIDE!

continue to stay even, with only a slight increase of +4.2% , a decrease from first

CALL US TO FIND OUT HOW MUCH YOUR HOME IS WORTH IN THIS TIGHT MARKET! 772-231-4880

quarter numbers. Inventory is tightening,

Average Price +93%

$1.8m

which is good news for sellers, as buyers will be hunting for just the right property appropriately priced.

SINGLE FAMILY HOMES Price Point Under $500,000

$500,000 to $1,00,000

Over $1,000,000

Total

CONDOS

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

2016

90

46

4.6

$434,343

2015

113

44

3.5

$383,426

Change

-20.4%

4.5%

31.3%

+13.3%

2016

105

115

9.9

$739,424

2015

115

89

7.0

$675,495

Change

-8.7%

29.2%

41.5%

9.5%

2016

88

179

18.3

$3.000,598

2015

87

123

12.7

$2,149,491

Change

-1.1%

45.5%

43.9%

+39.6%

2016

283

340

10.8

$1,888,590

2015

315

256

7.3

$977,824

Change

-10.2%

32.8%

47.8

93.1%

Price Point Under $500,000

$500,000 to $1,00,000

Over $1,000,000

Total

Year

Condos Sold

Current Listings

Month’s Supply

Average Price

2016

90

46

4.6

$434,343

2015

113

44

3.5

$383,426

Change

-20.4%

4.5%

31.3%

13.3%

2016

105

115

9.9

$739,424

2015

115

89

7.0

$675,495

Change

-8.7%

29.2%

41.5%

9.5%

2016

88

179

18.3

$3,000,598

2015

87

123

12.7

$2,149,491

Change

1.1%

45.5%

43.9%

39.6%

2016

283

340

10.8

$1,888,590

2015

315

256

7.3

$977,824

Change

-10.2%

32.8%

47.8%

93.1%

PRST STD ECRWSS U.S. POSTAGE

PAID

STUART, FL PERMIT NO. 274

RESIDENTIAL CUSTOMER

R E C E N T LY S O L D I S L A N D P R O P E R T I E S :

$615,000

2160 Waltons Court

$585,600

905 Starboard Drive

$480,000

1160 Driftwood Drive

E X C L U S I V E LY P R E S E N T I N G : ON THE COVER

$430,000

9530 Frangipani Drive

$250,000

4143 Silver Palm DR, #5

Call Us For Newly Listed Homes On Vero Beach Island

A B O U T C O L DW E L L B A N K E R PA R A D I S E : With so much of the market changing so quickly, it takes a savvy and experienced agent to help guide you. Coldwell Banker Paradise prides itself in providing our agents with the technology, and tools to provide the best customer service in the industry. Combined with our agents’ intimate knowledge of the local market, Coldwell Banker Paradise agents are uniquely positioned to provide you with the sales history of a particular neighborhood. For your free market assessment, call our Vero Beach office at 772-231-4880.

C O L D W E L L

B A N K E R

P A R A D I S E

www.flcoldwellbanker.com

2016 Vero Beach Island Third Quarter Real Estate

MARKET REPORT 4625 Highway A1A Vero Beach, FL 32963

772-231-4880

1950 US-1 Vero Beach, FL 32960

1209 US-1 Sebastian, FL 32958

772-778-2029

772-589-7777