2015 Sebastian River Area Third Quarter Market Report

2015 Sebastian River Area Third Quarter Real Estate

M A R K E T R E P O RT

ISLAND PREVIEWS 4625 Hwy. A1A 772.231.4880

SEBASTIAN

1209 US Hwy. 1 772.589.7777

VERO BEACH 1950 US Hwy. 1 772.778.2029

MELBOURNE

232 Fifth Ave, Indialantic 321.951.3300

Sebastian River Area

3rd-Quarter 2015 Comparison to 2014 Inventory Declining for Sebastian Properties Driving both Prices and Value Up For Sebastian homeowners who have been waiting for the market to recover, for both prices and equity to increase, the timing is right to consider putting your property on the market, reports Coldwell Banker Paradise in their just released 3rd Quarter Market Report for 2015.With tightening inventory at all levels of the market, Sebastian property is selling well with an 9.3% increase over last year in homes sold in the $100k-$250K segment.

With the steepest decline in inventory along the Eastern I-95 corridor from St. Lucie County to Brevard County, Sebastian property owners are seeing a resulting increase in price, with a gain over last year of 10.9% in average price. Compared to a statewide average inventory of 5.4 this time last year, Sebastian’s current 2.3 months supply of single family homes stands as significant marker in how far the housing market has come in the last five years. In fact, properties under $100K are becoming scarce, with only .8 months supply and those homes priced under $250K at 2.1 months supply. “There is no doubt that buyers will be paying more across the spectrum over the next few months,” added Schlitt.

With prices rising and inventory tightening, homeowners have regained essential equity.“Sellers can be confident that now is the time to explore putting their house on the market. If a homeowner hasn’t looked into how much their house might be worth, they will be pleasantly surprised,” stated Coldwell Banker Paradise Co-Owner and Broker Steven Schlitt.

As a market leader, with cutting edge tools, and information available to them, Coldwell Banker Paradise agents are uniquely positioned to offer customized market analysis to their clients, on a one-on-one basis.

Voted favorite Indian River brokerage by the readers of Treasure Coast Newspapers, Coldwell Banker Paradise prides itself on providing the best market knowledge available to home buyers and sellers through its Quarterly Market Reports and it’s knowledgeable agents.“Our agents are the experts, they are in the neighborhoods, seeing what is selling and why.Want to know what is happening in your neighborhood, as compared to your surrounding county and the region? Ask our agents today,” urged Schlitt. Call our Sebastian office at: 772-589-7777.

SINGLE FAMILY HOMES Price Point Under $100,000

$100,001 to $250,000

$250,001 to $500,000

Over $500,000

Total -38.8%

-44.5%

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

2015

106

10

0.8

$75,985

2014

141

36

2.3

$74,869

Change

-24.8%

-72.2%

-63.1%

+1.5%

2015

432

102

2.1

$160,233

2014

374

162

3.9

$155,672

Change

+15.5%

-37.0%

-45.5%

+2.9%

2015

60

31

4.7

$315,446

2014

33

41

11.2

$319,862

Change

+81.8%

-24.4%

-58.5%

-1.4%

2015

4

13

29.3

$546,250

2014

3

16

48

$665,000

Change

+33.3%

-18.8%

-39.1%

-17.9%

2015

602

156

2.3

$163,433

2014

551

255

4.2

$147,601

+10.7%

E XC LU S I V E LY P R E S E N T I N G :

SEBASTIAN -$419,900 3/3.5, All bedrooms on 1st floor, library/loft on the 2nd floor

SEBASTIAN -$230,000 SHORT SALE, gated community with a lake view. 5/3 with plenty of closet space

SEBASTIAN -$232,500 Beautiful 3/2/2 pool home built by Holiday Builders, Mint Condition

SEBASTIAN -$187,995 Mint 4/2 CBS that backs up to Preserve. Open floor plan with many upgrades throughout

flcoldwellbanker.com

PRSRT SSTD ECRWSS U.S. POSTAGE PAID EDDMRETAIL

A SELECTION OF RECENT SOLDS:

Sebastian 189 Joy Haven Lane $232,000

Sebastian 313 Briarcliff Circle $230,000

Sebastian 566 Belfast Terrace $215,000

THE RIGHT REPRESENTATION MAKES ALL THE DIFFERENCE Coldwell 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 with comprehensive regional marketing.

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.

C O L D W E L L VERO BEACH MAINLAND 772-778-2029

B A N K E R

VERO BEACH ISLAND 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