1st Quarter Vero Beach Island Market Report

Vero Beach Island

RECENTLY SOLD Dustin Haynes, Broker Associate 772-205-1931

SOLD $3,053,500

420 Coconut Palm Road

SOLD $517,500

SOLD $935,000

2100 Seminole Shores Lane

SOLD $470,000

SOLD $800,000

370 Riverway Court

SOLD $469,000

2265 Sea Turtle Lane

9655 E Maiden Court

5680 Hwy A1a #113

SOLD $385,000

SOLD $380,000

SOLD $365,000

SOLD $215,000

Homes are selling fast!

Call to see how much your home is worth!

DUSTIN HAYNES Broker Associate 772-205-1931

224 N Carmel Court

SOLD $362,000

1556 Smugglers Cove

796 Dahlia Lane

4410 Hwy A1a #308

556 Dahlia Lane

Dustin Haynes has been a Realtor with Coldwell Banker for the last 8 years. At just 35 years old, he has rapidly ascended through the Coldwell Banker organization, making a name for himself in luxury real estate. A barrier island resident himself, Dustin specializes in listing and selling barrier island properties.

Always enthusiastic, always determined, and always focused on his client’s goals, he gives his all to help people achieve their dreams. Dustin realizes and embraces new technology.

He understands sophisticated buyers and sellers require real estate practitioners to perform with an ever-increasing level of professionalism. Dustin brings a distinct high energy style to his career.

From the moment you start working with Dustin, it’s clear he’s “energized for your success.” Dustin is passionate about Vero Beach real estate, and he takes the time to understand your specific needs. Active within our beach-side community, Dustin has chaired the Samaritan Center Soup Bowl for the past 5 years. Dustin also supports the Homeless Family Center of Vero Beach, Habitat for Humanity, and Relay for Life.

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 market

Month’s Supply

Average Price

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 market, contact Dustin at 772-205-1931.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.

www.FLColdwellBanker.com