2014 Vero Beach Mainland Mid-Year Real Estate
MARKET REPORT
1825 44th Avenue Vero Beach Offered at $599,900
VERO BEACH 1950 US Hwy. 1 772.778.2029
ISLAND PREVIEWS 4625 Hwy. A1A 772.231.4880
SEBASTIAN 1209 US Hwy. 1 772.589.7777
N. HUTCHINSON 4007 N. Hwy. A1A 772.464.7007
2014 Vero Beach Mainland Mid-Year Real Estate Report As specialists in our area, we are pleased to present mid-year key market indicators impacting local real estate values this year. We use this information to forecast market trends that are likely to occur throughout the year. Buyers, sellers and homeowners can make informed decisions based on current and comprehensive information specific to our area. Historically, both the housing market and economy have been cyclical. After years of declining real estate values, stabilization is finally at hand. The indicators reflect mixed results for mid-year 2014 compared to the same time period a year earlier. Sales activity in most categories increased, and inventory levels remained close to stable, or decreased. However changes in the average sales prices varied in different market segments. The overall data suggests that a positive change in our local real estate market is well underway. We invite your inquiries and welcome the opportunity to be of service to you. Please contact us directly at our Vero Beach US 1 office 772-778-2029, our Island Previews office 772-231-4880, our Sebastian office 772-589-7777, or our North Hutchinson office 772-464-7007. If you would like to continue getting our quarterly updates, just let us know. Email us at Schlitt@ColdwellBanker.com. We will make sure that a copy is delivered to you quarterly. All the best, Linda Schlitt Gonzalez and Steven Schlitt, Owners
VERO BEACH MAINLAND SINGLE FAMILY HOMES MID-YEAR 2014 COMPARISON TO MID-YEAR 2013 Price Point Under $250,000
$250,001 to $500,000
Over $500,000
Total
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
2014
676
373
3.3
$125,576
2013
604
573
5.7
$125,441
Change
+12%
-35%
-42%
0%
2014
136
220
9.7
$325,695
2013
133
226
10.2
$328,030
Change
+2%
-3%
-5%
-1%
2014
18
60
20
$677,211
2013
18
63
21
$629,472
Change
0%
-5%
-5%
+8%
2014
830
653
4.7
$170,330
2013
755
862
6.9
$173,143
Change
+10%
-24%
-32%
-2%
VERO BEACH MAINLAND CONDOS MID-YEAR 2014 COMPARISON TO MID-YEAR 2013 Price Point
Year
Condos Sold
Current Listings
Month’s Supply
Average Price
2014
262
156
3.6
$73,794
2013
239
217
5.4
$68,333
Change
+10%
-28%
-33%
+8%
2014
2
6
18
$425,000
2013
2
8
24
$375,000
Change
0%
-25%
-25%
+13%
2014
1
3
18
$725,000
2013
6
3
3
$608,583
Change
-83%
0%
+500%
+19%
2014
265
165
3.7
$78,891
2013
247
228
5.5
$83,803
Change
+7%
-28%
-33%
-6%
Under $250,000
$250,001 to $500,000
Over $1,000,000
Total
EXCLUSIVELY PRESENTING:
$520,000
$460,000
$399,900
4800 16th Street
4336 Summer Breeze Terrace
7025 57th Street
DOCTOR’S ROW • VERO BEACH
VERO BEACH
VERO BEACH
$389,500
$389,000
$227,000
2254 5TH Court, SE
242 Oak Hammock Circle
210 Champagne Court, SW
VERO BEACH
VERO BEACH
VERO BEACH
WE INVITE YOU TO VIEW OUR ENTIRE COLLECTION AT: FLColdwellBanker.com
PRSRT SSTD ECRWSS U.S. POSTAGE PAID EDDMRETAIL
A SELECTION OF RECENT SOLDS:
Listing Price $260,000
SYLVAN LAKES • VERO BEACH
SOLD for $235,000 Listing Price $349,000
DIAMOND LAKE • VERO BEACH
5180 Sapphire Lane
3944 58th Circle
Listing Price $195,000
SOL D I N 3 0 DAYS !
SOLD for $175,000 Listing Price $198,500 SOLD for $198,500 Listing Price $337,900 SOLD for $329,000 FALCON TRACE • VERO BEACH
POINTE WEST • VERO BEACH
1875 Grey Falcon Circle, SW
7598 14th Lane
C
WATERWAY VILLAGE • VERO BEACH
5274 Eleuthra Circle
oldwell Banker Paradise is the largest real estate brokerage firm in the area, with 9 offices serving St. Lucie, Indian River and Brevard Counties. We are commited to providing the highest level of real estate services to our clients.
For over 60 years our family-owned and operated company has assembled a highly trained and professional sales organization. We have specialists in residential and commercial sales, leasing services for both, as well as a property management division. Whether you are considering buying, selling, leasing or professional management of your property, give us a call. We are open 7 days a week for your convenience.
VERO BEACH ISLAND PREVIEWS 772.778.2029
SOLD for $340,000
772.231.4880
SEBASTIAN 772.589.7777
N. HUTCHINSON 772.464.7007