Sebastian Area Year End 2015 Market Report

2015 Sebastian River Area Year End 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

2015 Year End Market Analysis 2016 Likely to See Steep Increases for Sebastian Area Properties With the tightest inventory levels across the Treasure However, with available inventory down 47%, Coast, Sebastian area homes are poised for price prices have only increased 8% – “this area is poised increases in 2016 reports Coldwell Banker Paradise for double digit price appreciation,” added Schlitt in their just released Year End Market Report for Gonzalez.

2015. Usually known for a steady supply of affordable, With a lack of available homes, now is precisely the quality housing, price points on Sebastian area single right time for homeowners to explore just what family homes are on the rise, up from $150K last year their house might be worth. How can someone to over $163K at the start of 2016. “With interest find out what their house might be worth? You rates likely to rise, it means that can go online, but studies have shown that the time to buy is now,” stated “This area is poised estimates from national online sources can Coldwell Banker Paradise Cobe as much as 21% off – the only real number for double digit owner and Broker Linda Schlitt a homeowner can trust is from a reputable, Gonzalez. “And the old axiom price appreciation.” professional Realtor who specializes in continues to bode well for sellers, their neighborhood. Want to know what is that the best time to sell is when happening in your neighborhood, as compared everyone is buying.” to your surrounding county and the region? Ask our In general, 2015 was a healthy year for the housing agents today,” urged Schlitt. Call our Sebastian office market: many homeowners regained essential equity, at: 772-589-7777. and housing prices across the board steadily increased.

SINGLE FAMILY HOMES Price Point Under $100,000

$100,001 to $250,000

$250,001 to $500,000

Over $500,000

Total

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

2015

131

8

0.7

$76,668

2014

181

22

1.5

$73,189

Change

-27.6%

-63.6%

-51.1%

+4.8%

2015

570

100

2.1

$159,822

2014

512

156

3.7

$156,288

Change

+11.3%

-35.9%

-43.1%

+2.3%

2015

76

43

6.8

$316,077

2014

43

40

11.2

$311,882

Change

+76.7%

+7.5%

-39.4%

-1.3%

2015

4

21

63.0

$546,250

2014

6

18

36.0

$847,500

Change

-33.3%

+16.7%

+75%

-35.5%

2015

781

172

2.6

$163,059

2014

742

236

3.8

$150,623

Change

+5.3%

-27.1%

-30.5%

+8.3%

How much have prices in your neighborhood risen?

How much equity have you recovered?

ASK THE EXPERTS

YOUR REAL ESTATE PARTNER YOUR COMMUNITY PARTNER Join Us at One of these Upcoming Community Events Go Back to College for Just One Day!

This past fall, 759,000 property owners regained essential equity*--are you one of them? Knowing what your house is worth can give you peace of mind as you look towards planning for 2016. Call us today at 772-589-7777 to request a personal home equity assessment. With offices covering 100 miles of coastline in Florida, Coldwell Banker Paradise remains the brokerage of choice for buyers and sellers from Jensen Beach to Satellite Beach.

One Day University in Vero Beach February 20, 2016, 9:30-1: 00 p.m.

Emerson Center,Vero Beach, FL www.onedayu.com

Shrimpfest 2016 February 27th-28th Fellsmere, FL www.shrimpfestfl.com

Concerts in the Park: Wits End (Classic Rock) February 19, 2016, 5:30-8p.m.

Riverview Park, Sebastian, Fl www.sebastianchamber.com

A SELECTION OF RECENT SOLDS:

Sebastian 558 Gossamer Wing Way $305,000

Grant 3820 Weber Road $200,000

Sebastian 126 Port Royal Court $182,995

PRST STD ECRWSS U.S. POSTAGE

PAID

STUART, FL PERMIT NO. 274

RESIDENTIAL CUSTOMER

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

$730,000 Grant Valkaria

$599,999 Micco As seen on cover.

$699,999 Sebastian

$649,999 Sebastian

w w w. f l c o l d w e l l b a n k e r . c o m C O L D W E L L

B A N K E R

VERO BEACH MAINLAND

VERO BEACH ISLAND

772-778-2029

772-231-4880

SEBASTIAN MAINLAND

772-589-7777

INDIALANTIC BREVARD 321-951-3300

P A R A D I S E NORTH HUTCHINSON 772-464-7007