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