2016 Sebastian River Area 1st Quarter Real Estate
M A R K E T R E P O RT
SEBASTIAN
1209 US Hwy. 1 772.589.7777
VERO BEACH 1950 US Hwy. 1 772.778.2029
ISLAND PREVIEWS 4625 Hwy. A1A 772.231.4880
Sebastian River Area
2016 1st Quarter Market Analysis Sales Robust for Mid-Level Priced Homes in Sebastian Market Indicates it is a Great Time To Sell The Sebastian housing market is exciting for sellers with homes valued $250,001 to $500,000, as sales are up +53.3% from this time a year ago, according to the Coldwell Banker Paradise First Quarter Market Report for 2016. “It is very likely that home sales have increased so significantly because buyers are venturing up from South Indian River County in an attempt to get more value for their dollar, buying larger homes in Sebastian than what they would get in Vero Beach for the same amount of money,” said Steven Schlitt, co-owner and broker with Coldwell Banker Paradise. Inventory levels remain low across the Treasure and Space Coast, and that is true for Sebastian mid-priced homes as well with the month’s supply down -0.3%.
With inventory continuing to be tight, now is precisely the right time for homeowners to explore just what their home is worth. It bodes well for sellers who want to list and sell their property quickly to work with a savvy real estate agent. “We have over 20 experienced, trained, real estate professionals serving buyers and sellers in the Sebastian River Area,” said Burke. “Our agents live here in these communities and send their kids to school here, pay taxes, vote and participate in activities. There’s nobody better qualified to represent your property or price your home than a Coldwell Banker Paradise Sebastian agent. Coldwell Banker Paradise has ten offices spread over 100 miles of Florida’s coastline. In addition, Coldwell Banker Paradise prides itself on With strong sales in 2015 of lower “Buyers are finding providing the best market analysis priced units (those under $100,000) those properties are proving elusive for that in Sebastian, you available to home buyers and buyers and investors in 2016. “There can simply get more sellers through its cutting edge technology, Quarterly Market are simply very few opportunies left,” value for your dollar.” Reports and its knowledgeable added Schlitt. Inventory of homes agents. “Our agents are the priced under $100,000 have dropped experts. They are in the neighborhoods, seeing what -70%. The average price of homes in that same price is selling and why. Ask your agents today what the true range has dropped -6.2%. “Any homes bought that are value of your home is worth,” urged Schlitt. Also, don’t valued under $100,000 are usually investment-type get tricked into using one of those online websites properties,” said Stephen Burke, sales manager for the that will give you an estimation of your home’s worth. Sebastian area office. “Those kinds of properties have Nationwide studies have shown that those calculations almost dried up completely in N. Indian River County. Even opportunities in the range of $100,001 to $250,000 can be off by as much as 21%,” added Burke. are getting significantly more difficult to find,” said Burke.
You can reach our Sebastian office at 772-589-7777 today!
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SINGLE FAMILY HOMES Price Point
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
2016
15
8
1.6
$66,859
2015
50
15
0.9
$71,250
Change
-70.0%
-46.7%
+77.8%
-6.2%
2016
110
126
3.4
$158,060
2015
111
163
4.4
$156,855
Change
-0.9%
-22.7%
-21.9%
+0.8%
2016
23
46
6.0
$302,013
2015
15
42
8.4
$313,103
Change
+53.3%
+9.5%
-28.6%
-3.5%
2016
0
23
0.0
$0
2015
0
18
0.0
$0
Change
NA
+27.8%
NA
NA
2016
149
203
4.1
$170,878
2015
176
238
4.1
$149,852
Change
-15.3%
-14.7%
-0.3%
+14.0%
Under $100,000
$100,001 to $250,000
$250,001 to $500,000
Over $500,000
Total
E X C L U S I V E LY P R E S E N T I N G :
$539,995 Sebastian As Seen on Cover
$296,500 Sebastian
$339,000 Sebastian
$264,995 Sebastian
A SELECTION OF RECENT SOLDS:
Sebastian 106 Woodstork Way $423,500
Sebastian 833 George Street $250,000
Sebastian 502 Browning Terrace $250,000
C O L D W E L L
B A N K E R
P A R A D I S E