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