Vero Beach
RECENTLY SOLD
SOLD $684,750
SOLD $675,000
www.FLColdwellBanker.com
SOLD $615,000
11 Dolphin Drive
3 Seagull Avenue
SOLD $500,000
SOLD $450,000
SOLD $440,000
2401 Victory Blvd.
900 Royal Palms Drive
2525 Fairway Drive
SOLD $380,000
SOLD $374,000
SOLD $369,000
3390 Buckinghammock Trail
685 Catalina Street
23 Seahorse Lane
1765 34th Avenue
Homes selling fast! Call to see how much your home is worth! 772-778-2029 SOLD $350,000
SOLD $319,000
2505 Fairway Drive
2232 Bonita Avenue
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
VERO BEACH OFFICE 19 50 US-1 Vero Beach, FL 32960 772-778-2029
www.FLColdwellBanker.com
MARKET REPORT
2017 Vero Beach Year End Real Estate Price Point
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
Condos Sold
Current Listings
Month’s Supply
Average Price
Under
2017
1146
187
2.0
$166,069
424
83
2.3
$103,752
$250,000
2016
1164
177
1.8
$159,153
413
91
2.6
$94,405
Change
-1.5%
+5.6%
+11.1%
+4.3%
+2.7%
-8.8%
-11.5%
+9.9%
$250,001 to
2017
644
247
4.6
$322,717
28
92
3.9
$313,461
$500,000
2016
437
250
6.9
$330,076
13
10
9.2
$354,077
Change
+47.4%
-1.2%
-33.3%
-2.0%
+115.4%
+820.0%
-57.6%
-11.5%
Over
2017
93
94
12.1
$666,453
12
5
5.0
$618,667
$500,000
2016
62
100
19.4
$673,224
8
8
12.0
$817,563
Change
+50.0%
-6.0%
-37.6%
-1.0%
50.0%
-37.5%
-58.3%
-24.3%
2017
1883
528
3.4
$244,966
464
180
4.7
$129,724
2016
1663
527
3.8
$223,233
434
109
3.0
$115,513
Change
+13.2%
+0.2%
-10.5%
+9.7%
+6.9%
+65.1%
+56.7%
+12.3%
Total
Vero Beach Still Idyllic Destination for Many Vero Beach is still the lifestyle destination of choice for many on the Space and Treasure Coast, and the 2017 housing market verified this as units sold rose by over 13% and prices grew by over 10% while inventory levels slipped to barely over a three months supply. In the starter housing market, for those homes priced under $250k, there are still homes available but they sell on average in under two months. In this kind of high activity market, buyers have to act quickly and offer high. With inventory continuing to be tight in this
price point, price appreciation should be close to double digits unless significant numbers of new construction is added. Pricing a home correctly remains one of the determining factors on if your Vero Beach home will sell quickly. Call your favorite Coldwell Banker Paradise agent for your free home evaluation today. Or call our offices at 772-778-2029. 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.