Sebastian EDDM - Feb 2018

Sebastian

RECENTLY SOLD

www.FLColdwellBanker.com

SOLD $633,600

SOLD $440,000

13340 N. Indian River Drive

14019 N. Indian River Drive

801 Holden Court

SOLD $435,000

SOLD $390,000

SOLD $340,000

105 Becker Avenue

13700 Ruffner Lane

SOLD $332,500

SOLD $329,000

SOLD $1,110,000

105 Wood Stork Way

SOLD $333,000 1520 Clearbrook Street

1570 Ocean Cove Street

449 Englar Drive

Homes selling fast!

Call to see how much your home is worth!

772-589-7777 SOLD $305,880 1366 Starboard Street

SOLD $292,000 243 Englar Drive

VERO BEACH OFFICE 1950 US-1 Vero Beach, FL 32960 772-778-2029 VERO BEACH ISLAND OFFICE 4625 Florida A1A Vero Beach, FL 32963 772-231-4880

SEBASTIAN OFFICE 1209 US-1 Sebastian, FL 32958 772-589-7777

www.FLColdwellBanker.com

2017 Sebastian Year End Real Estate

MARKET REPORT

Price Point

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

Under

2017

21

3

1.7

$74,662

$100,000

2016

45

4

1.1

$79,512

Change

-53.3%

-25.0%

+54.5%

-6.0%

2017

628

101

1.9

$186,772

2016

630

114

2.2

$171,277

Change

-0.3%

-11.4%

-13.6%

+9.0%

$250,000-

2017

165

59

4.3

$304,353

$500,000

2016

105

64

7.3

$308,518

Change

+57.1%

-7.8%

-41.1%

-2.0%

Over

2017

9

25

33.3

$846,789

$500,000

2016

7

17

29.1

$657,286

Change

+28.6%

+47.1%

+14.4%

+29.0%

2017

823

188

2.7

$214,702

2016

787

199

3.0

$188,663

Change

+4.6%

-5.5%

-10%

+14.0%

$100,000 to $250,000

Total

Waterfront Homes in Sebastian Proving Alluring to Luxury Buyers Often cited as a refuge for buyers seeking affordable housing, Sebastian no longer easily carries that distinction. Buyers looking for homes priced under $250K can still find their needs met, but possibly not for long. Inventory at this level of the market is down below 2 months supply and prices grew by nearly 9%. With the tight inventory levels those price increases are likely to continue into 2018. The midrange market (homes priced $250k+) remains stable and comfortable with greater than 4 months supply of inventory.

This puts buyers and sellers are fairly equal footing and as

such the prices remain unchanged. What is exciting is the growth in sales of those homes over $500k. Buyers are finding great values in waterfront living in this quiet fishing village.

Pricing a home correctly remains one of the determining factors on if your Sebastian home will sell quickly. Call your favorite Coldwell Banker Paradise agent for your free home evaluation today. Or call our offices at 772-589-7777. With eleven offices covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise is the largest full service real estate company in the area.