2014 Vero Beach Island Mid-Year Real Estate
MARKET REPORT
940 Turtle Cove Lane #306 TURTLE COVE.VERO BEACH Offered at $439,000
Ron Cochran
772.321.4220 Ron@RonCochran.com www.FLColdwellBanker.com/RonCochran
VERO BEACH 1950 US Hwy. 1 772.778.2029
2014 Vero Beach Island Mid-Year Real Estate Report As specialists in our area, we are pleased to present mid-year key market indicators impacting local real estate values this year. We use this information to forecast market trends that are likely to occur throughout the year. Buyers, sellers and homeowners can make informed decisions based on current and comprehensive information specific to our area. Historically, both the housing market and economy have been cyclical. After years of declining real estate values, stabilization is finally at hand. The indicators reflect mixed results for mid-year 2014 compared to the same time period a year earlier. Sales activity in most categories increased, and inventory levels remained close to stable, or decreased. However changes in the average sales prices varied in different market segments. The overall data suggests that a positive change in our local real estate market is well underway. We invite your inquiries and welcome the opportunity to be of service to you. Please contact us directly at our Vero Beach US 1 office 772-778-2029, Island Previews office 772-231-4880, our Sebastian office 772-589-7777, or our North Hutchinson office 772-464-7007. If you would like to continue getting our quarterly updates, just let us know. Email us at Schlitt@ColdwellBanker.com. We will make sure that a copy is delivered to you quarterly. All the best, Linda Schlitt Gonzalez and Steven Schlitt, Owners
VERO BEACH ISLAND SINGLE FAMILY HOMES MID-YEAR 2014 COMPARISON TO MID-YEAR 2013 Price Point Under $500,000
$500,001 to $1,000,000
Over $1,000,000
Total
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
2014
99
96
5.8
$350,125
2013
101
128
7.6
$361,213
Change
-2%
-25%
-24%
-3%
2014
84
98
7
$707,478
2013
91
158
10.4
$690,748
Change
-8%
-38%
-33%
+2%
2014
61
136
13.4
$2,162,597
2013
44
206
28.1
$1,595,954
Change
+39%
-34%
-52%
+36%
2014
244
330
8.1
$926,266
2013
236
492
12.5
$718,485
Change
+3%
-33%
-35%
+29%
VERO BEACH ISLAND CONDOS MID-YEAR 2014 COMPARISON TO MID-YEAR 2013 Price Point Under $500,000
$500,001 to $1,000,000
Over $1,000,000
Total
Year
Condos Sold
Current Listings
Month’s Supply
Average Price
2014
149
107
4.3
$262,869
2013
128
205
9.6
$254,517
Change
+16%
-48%
-55%
+3%
2014
33
36
6.5
$705,810
2013
17
63
22.2
$651,241
Change
+94%
-43%
-71%
+8%
2014
6
19
19
$1,594,166
2013
3
27
54
$1,366,666
Change
100%
-30%
-65%
+17%
2014
188
162
5.2
$383,108
2013
148
295
12
$322,630
Change
+27%
-45%
-56%
+19%
EXCLUSIVELY PRESENTING:
$675,000
$595,000
$579,900
2245 Beachside Lane
3554 Ocean Drive Unit 303
2077 Indian Summer Lane
$495,000
$429,000
$375,000
1760 Coral Way North
576 Date Palm
1480 Ocean Drive Unit #1D
BEACHSIDE • VERO BEACH
SEA GROVE • VERO BEACH
VILLAGE SPIRES • VERO BEACH
STEPS TO BEACH • VERO BEACH
SEASONS • VERO BEACH
OCEANFRONT • VERO BEACH
WE INVITE YOU TO VIEW OUR ENTIRE COLLECTION AT: FLColdwellBanker.com
PRSRT SSTD ECRWSS U.S. POSTAGE PAID EDDMRETAIL
A SELECTION OF RECENT SOLDS: S OL D IN 1 3 DAYS!
Asking Price $679,000
SILVER SHORES • VERO BEACH
SOLD for $650,000 Asking Price $429,000
713 Shore Drive
Asking Price $680,000
RIOMAR • VERO BEACH
SOLD for $660,000
1956 Club Drive
Ron Cochran
4800 Highway A1A
Asking Price $550,000
SOLD for $500,000 Asking Price $299,999
SHORELANDS • VERO BEACH
1561 Shorelands Drive
SOLD for $280,000
CALEDON SHORES • VERO BEACH
4600 Highway A1A
Ron, Thank you so much for handling the listing and sale of my mom’s house after her passing. It was a difficult time for the family. You provided great guidance to us through the entire transaction from the moment we first talked with you all the way through to the final closing of the sale. Without your help I am sure it would have taken much longer and we appreciate the way the sale was expedited. Coldwell Banker Paradise was magnificent and their marketing program was unbelievably efficient and has to be unmatched. Our entire family thank you for all you did in helping us in the first step in continuing our lives after our loss. We all wish you continued success in all your future endeavors. -Kathy and Frank Harber
772.321.4220 Ron.Cochran@ColdwellBanker.com www.FLColdwellBanker.com/RonCochran
SOLD for $425,000
SEAQUAY • VERO BEACH
VERO BEACH 772.778.2029