Vero Beach Island
RECENTLY SOLD
SOLD $2,550,000 12770 Highway A1A
www.FLColdwellBanker.com
SOLD $2,350,000
SOLD $1,995,000
13000 Highway A1A
1811 E Barefoot Place
SOLD $1,111,000
SOLD $770,000
2316 Tamarind Drive
735 Painted Bunting Lane
1714 Coconut Drive
SOLD $715,000
SOLD $625,000
SOLD $569,000
SOLD $1,125,000
770 Greytwig Road
446 Holly Road
925 Reef Lane
Homes selling fast! Call to see how much your home is worth! 772-464-7007 SOLD $687,500 3702 N A1A #601
SOLD $660,000 4400 N A1A #10S
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
N HUTCHINSON ISLAND OFFICE 4007 Florida A1A Fort Pierce, FL 34949 772-464-7007
www.FLColdwellBanker.com
2017 Vero Beach Island Year End Real Estate
MARKET REPORT
Price Point
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
Condos Sold
Current Listings
Month’s Supply
Average Price
Under
2017
124
34
3.3
$406,535
130
95
8.8
$303,719
$500,000
2016
121
57
5.7
$388,892
155
81
6.3
$285,437
Change
+2.5%
-40.4%
-42.1%
+4.5%
-16.1%
+17.3%
+39.7%
+6.4%
$500,001 to
2017
163
138
10.2
$712,163
59
43
8.7
$657,935
$1,000,000
2016
144
128
10.7
$686,035
65
41
7.6
$681,498
Change
+13.2%
+7.8%
-4.7%
+3.8%
-9.2%
+4.9%
+14.5%
-3.5%
Over
2017
4
191
18.5
$2,262,434
16
23
17.3
$1,742,344
$1,000,000
2016
107
195
21.9
$2,146,264
5
21
50.4
$1,472,000
Change
-96.3%
-2.1%
-15.5%
+5.4%
+220.0%
+9.5%
-65.7%
+18.4%
2017
411
363
10.6
$1,087,675
205
161
9.4
$517,947
2016
372
380
12.3
$1,009,395
225
143
7.6
$426,222
Change
+10.5%
-4.5%
-13.8%
+7.8%
-8.9%
+12.6%
+23.7%
+21.5%
Total
Island Market Quickens Pace The Vero Beach Island housing market, which is always highly sought after, became an even hotter commodity in 2017. After a few sluggish quarters in 2016 held down sales numbers for last year, 2017 saw no such lull in activity. Inventory dropped in most housing segments but two market segments showed significant decreases. Homes priced under $500k are becoming a thing of the past with inventory at only a three month supply. Overall sales and units were up over 10% and average prices increased 8%. It would seem likely that a 6-9% increase is again likely in 2018. The condo market brightened in 2017 and was also relatively strong but buyers continue
to have their choice with healthy inventory levels at all levels of the condo market. Pricing a home correctly remains one of the determining factors on if your Island home will sell quickly. Call your favorite Coldwell Banker Paradise agent for your free home evaluation today. Or call our offices at 772-231-4880. 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.