Sebastian 2015 First Quarter Real Estate Market Report

2015 Sebastian River Area First Quarter Real Estate

MARKET REPORT

12825 83rd Avenue, Sebastian Roseland Offered at $595,000

VERO BEACH ISLAND PREVIEWS SEBASTIAN N. HUTCHINSON 1950 US Hwy. 1 772.778.2029

4625 Hwy. A1A 772.231.4880

1209 US Hwy. 1 772.589.7777

4007 N. Hwy. A1A 772.464.7007

Coldwell Banker Paradise Reports Positive Housing Market Trends for 1st Quarter of 2015 in Sebastian Shrinking inventory, steady economic improvement and consumer confidence led to overall gains in the local housing market, reported Coldwell Banker Paradise, the trusted leader in local real estate from Jensen to Cocoa Beach in its just released 2015 1st Quarter market analysis available to its agents and their clients. “Just as 2014 was a transition year from recovery to stabilization, so has 2015 started out, steady but overall positive across the board, it is just the kind of steady and slow rate of growth we like to see,” stated Co-Owner and Broker Steven Schlitt.

If the inventory shortage continues prices may rise later in the year.

Despite a tight supply in inventory for single family homes with under a six month supply in most of the market, prices did not show a large increase in average sale price. If the inventory shortage continues prices may rise later in the year.

What’s my home worth in today’s market?

Coldwell Banker Paradise agents are experts in the local housing market and can help you assess your property. Call us today at our Sebastian office: 772-589-7777, at our Vero Beach office: 772-778-2029, at our Vero Beach Island Previews office: 772-231-4880 or at our N. Hutchinson Island office: 772-464-7007. All discussions are strictly confidential. Serving all four counties on the Treasure and Space Coast (Brevard, Indian River, St. Lucie and Martin Counties) Coldwell Banker Paradise has nine offices and over 210 agents.

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

SEBASTIAN RIVER AREA SINGLE FAMILY HOMES 1st QUARTER 2015 COMPARISON TO 1st QUARTER 2014 Price Point Under $100,000

$100,000 to $250,000

$250,000 to $500,000

Over $500,000

Total

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

2015

50

15

0.9

$71,250

2014

44

55

3.8

$76,889

Change

13.6%

-72.7%

-76%

-7.3%

2015

111

163

4.4

$156,855

2014

106

213

6

$154,820

Change

4.7%

-23.5%

-26.9%

1.3%

2015

15

42

8.4

$313,103

2014

6

39

19.5

$326,667

Change

150%

7.7%

-56.9%

-4.2%

2015

0

18

N/A

N/A

2014

2

18

27

$725,000

Change

-200%

0%

N/A

N/A

2015

176

238

4.1

$149,852

2014

158

325

6.2

$148,861

Change

11.4%

-26.8%

-34.3%

0.7%

Market Share *Based on number of homes listed and sold as reported by the MLS systems as taken from Terradatum in Indian River, St Lucie and Brevard Counties from 4/8/1995-4/8/2015.

6.52%

6.33%

#1 in Properties Listed & Sold For over 20 years.

3.70% 2.82%

Coldwell Banker Paradise

Dale Sorensen Real Estate Inc.

2.44%

RE/MAX Masterpiece RE/MAX Crown Realty Alex Macwilliam, Inc. Realty

EXCLUSIVELY PRESENTING:

$995,000

$650,000

$449,000

12430 Roseland Road

9582 Tortoise Lane

13620 Old Dixie Highway

$329,000

$315,500

$297,000

18 VIP Vacation Island Playground

172 Academy Terrace

771 Easy Street

FLEMING GRANT

GRANT/VALKARIA

GRANT • RIVERFRONT

SEBASTIAN HIGHLANDS

SEBASTIAN

COLLIER CREEK • SEBASTIAN

WE INVITE YOU TO VIEW OUR ENTIRE COLLECTION AT:

FLColdwellBanker.com

PRSRT SSTD ECRWSS U.S. POSTAGE PAID EDDMRETAIL

A SELECTION OF RECENT SOLDS:

Asking Price $675,000

SOLD for $665,000 Asking Price $650,000

MICCO

9590 Tortoise Lane

9582 Tortoise Lane

S O L D IN 1 1 DAYS !

Asking Price $230,900

SEBASTIAN HIGHLANDS

SOLD for $230,000

1678 Addie Street

C

CONTINGENT

MICCO

S O LD IN 10 DAYS!

SO LD IN 16 DAYS !

Asking Price $219,995 SOLD for $216,000 Asking Price $148,500 ASHBURY • SEBASTIAN

311 Briarcliff Circle

SEBASTIAN HIGHLANDS

452 Candle Avenue

oldwell Banker Paradise is the largest real estate brokerage firm in the area, with 9 offices serving St. Lucie, Indian River and Brevard Counties. We are commited to providing the highest level of real estate services to our clients.

For over 60 years our family-owned and operated company has assembled a highly trained and professional sales organization. We have specialists in residential and commercial sales, leasing services for both, as well as a property management division.

Whether you are considering buying, selling, leasing or professional management of your property, give us a call. We are open 7 days a week for your convenience.

VERO BEACH ISLAND PREVIEWS 772.778.2029

772.231.4880

SEBASTIAN 772.589.7777

N. HUTCHINSON 772.464.7007

SOLD for $141,500