Vero Beach Island
RECENTLY SOLD
SOLD $3,053,500 420 Coconut Palm Road
www.FLColdwellBanker.com
SOLD $935,000
SOLD $800,000
2100 Seminole Shores Lane
370 Riverway Court
SOLD $469,000
SOLD $517,500
SOLD $470,000
2265 Sea Turtle Lane
9655 E Maiden Court
5680 Hwy A1a #113
SOLD $385,000
SOLD $380,000
SOLD $365,000
796 Dahlia Lane
556 Dahlia Lane
224 N Carmel Court
Homes selling fast! Call to see how much your home is worth! 772-464-7007 SOLD $362,000 1556 Smugglers Cove
SOLD $215,000 4410 Hwy A1a #308
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
2018 Vero Beach Island 1st Quarter Real Estate
MARKET REPORT
Price Point
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
Condos Sold
Current Listings
Under
2018
17
46
8.1
$403,147
33
108
9.8
$32,009
$500,000
2017
26
50
5.8
$400,453
27
95
10.6
$299,407
Change
-34.6%
-8.0%
-40.7%
+1.0%
+22.2%
+13.7%
-7.0%
+8.0%
$500,001 to
2018
48
169
10.6
$671,563
17
52
9.2
$631,606
$1,000,000
2017
36
143
11.9
$705,493
14
30
6.4
$654,393
Change
+33.3%
+18.2%
-11.4%
-5.0%
+21.4%
+73.3%
+42.7%
-3.0%
Over
2018
26
214
24.7
$2,647,910
1
21
63.0
$2,300,000
$1,000,000
2017
22
199
27.1
$2,178,234
6
23
11.5
$1,754,167
Change
+18.2%
+7.5%
-9.0%
+22.0%
-83.3%
-8.7%
+447.8%
+31.0%
2018
91
429
14.1
$1,186,090
51
181
10.6
$463,992
2017
84
392
14.0
$996,794
47
148
9.4
$590,862
Change
+8.3%
+9.4%
+1.0%
+19.0%
+8.5%
+22.3%
+12.7%
-21.0%
Total
Home sales in the 32963 island market continue to be robust. While the number of homes selling under $500,000 declined, this was only because many homes that used to be in that market segment have moved into the next price tier higher. Sale of homes between $500,000 and a million rose by 33% in the first quarter. Buyers have been plentiful so far this year and the number of homes sold has increased 8%. At the same time, prices have risen and motivated sellers to action The inventory of homes on the market has increased by over 9% Inventory in all market segments has grown with over a 12 month supply now available. Buyers have a good selection in most
Month’s Supply
Average Price
market segments over $500,000. Increasingly sellers unwilling to compromise on their price are staying on the market for longer periods. With the tax cut and worries about equity markets, the market should remain strong this year. However, with the increasing supply of inventory price increases will probably slow. If you would like to find the right price for your home in today’s changing maket, contact us 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.