2015 Vero Beach Island Third Quarter Real Estate
M A R K E T R E P O RT
ISLAND PREVIEWS 4625 Hwy. A1A 772.231.4880
SEBASTIAN
1209 US Hwy. 1 772.589.7777
VERO BEACH N. HUTCHINSON 1950 US Hwy. 1 772.778.2029
4007 N. Hwy. A1A 772.464.7007
Vero Beach Island 3rd-Quarter Comparison 2015 to 2014 Island Properties Hard to Come By as Sales Slow and Inventory Tightens Portending good news for homeowner’s seeking to regain essential
All signs bode well for current Vero Beach Island
equity, island properties, both single family homes and condos,
homeowner’s:
remain at a premium with inventory low, and prices steadily
“Sellers can be confident that they have regained essential
increasing reports Coldwell Banker Paradise in their just released
equity. If a homeowner hasn’t looked into how much their
3rd Quarter Market Report for 2015. While single family homes
house or condo might be worth, they will be pleasantly
priced under $500k remain elusive, inventory at the higher end
surprised,” added Schlitt. With winter looming, and
of the market +$500K remains healthy. In fact, the biggest gain in
inventory continuing to decline, those living on the Treasure
sales came from luxury properties priced over $1m with a 19.2%
and Space coast might want to urge their northern family and
increase in sales over last year. With an overall price gain of 11%
friends to start looking now. “As far as investment property
for single family homes and nearly 8% for condominiums, consumers
is concerned, the window to buy at investment prices is
are benefitting from the steady recovery
closing,” urged Schlitt. Voted favorite Indian River
of 2015.
Sales have slowed overall,
As for condominiums, smart
but inventory continues to Newspapers, Coldwell Banker Paradise prides itself
investors continue to take advantage
decrease, making condos a
of low interest rates and stable price by buying up any remaining inventory.
contuing solid investment.
“Sales have slowed overall, but inventory
County brokerage by the readers of Treasure Coast on providing the best market knowledge available to home buyers and sellers through its Quarterly Market Reports and it’s knowledgeable agents. “Our agents are the experts, they are in the
continues to decrease, making condos a continuing solid
neighborhoods, seeing what is selling and why. Want to know
investment,” added Coldwell Banker Paradise Co-Owner and
what is happening in your neighborhood? Ask our agents
Broker Steven Schlitt. “This segment of the market, beachside con-
today,” stated Schlitt. You can reach our Island Previews office
dos, is uniquely poised for price increases over the winter months,”
at 772-231-4880.
added Schlitt.
SINGLE FAMILY HOMES Price Point Under $500,000
$500,000 to $1,00,000
Over $1,000,000
Total
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
2015
113
44
3.5
$383,426
2014
139
83
5.4
$357,314
Change
-18.7%
-47.0%
-35.1%
+7.3%
2015
115
89
7.0
$675,495
2014
123
86
6.3
$696,841
Change
-6.5%
+3.5%
+10.6%
-3.1%
2015
87
123
12.7
$2,149,491
2014
73
132
16.3
$2,187,033
Change
+19.2%
-6.8%
-21.9%
-1.7%
2015
315
256
7.3
$997,824
2014
335
301
8.1
$880,691
Change
-6.0%
-15.0%
-9.7%
+11.0%
CONDOS Price Point Under $500,000
$500,000 to $1,00,000
Over $1,000,000
Total
Year
Condos Sold
Current Listings
Month’s Supply
Average Price
2015
164
72
4.0
$269,417
2014
200
103
4.6
$268,114
Change
-18.0%
-30.1%
-14.1%
+0.5%
2015
37
26
6.3
$671,095
2014
38
27
6.4
$706,546
Change
-2.6%
-3.7%
-1.2%
-5.0%
2015
9
17
17.0
$1,742,722
2014
7
19
24.4
$1,612,857
Change
+28.6%
-10.5%
-30.3%
+8.1%
2015
210
115
4.9
$403,331
2014
245
149
5.5
$374,537
Change
-14.3%
-22.8%
-10.4%
+7.7%
What is my home or condo worth in today’s market? Did you know that some online comparative analysis tools can be more than 10% off? Only an expert in the local market can offer truly accurate local market analysis. As deep-rooted community members and leaders, Coldwell Banker Paradise agents have the big picture view, they know what sells and why, for what price, and how to get the most out of the market, both for buyers and a sellers. With Coldwell Banker Paradise agents you can trust that they are giving you the best information, the best service and the best experience available. Call today to find out what your home is really worth. On the island in Vero Beach, call us at 772-231-4880.
E X C L U S I V E LY P R E S E N T I N G :
VERO BEACH $770,000 -3 BR/4BA/2CG +Den, renovated kitchen, private pool and large deck
INDIAN RIVER SHORES $634,900 -Totally updated 3/2 just steps to private beach access, with pool & spa
INDIAN RIVER SHORES $299,00 -Lovely beachfront corner unit, located next to the pool and steps from the shore
flcoldwellbanker.com
PRSRT SSTD ECRWSS U.S. POSTAGE PAID EDDMRETAIL
A SELECTION OF RECENT SOLDS:
Vero Beach Island, 2245 Beachside Lane $649,000
Vero Beach Island, 1005 Isla Verde Sq $860,000
THE RIGHT REPRESENTATION MAKES ALL THE DIFFERENCE Coldwell 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 with comprehensive regional marketing. 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.
C O L D W E L L
B A N K E R
VERO BEACH MAINLAND
VERO BEACH ISLAND
772-778-2029
772-231-4880
SEBASTIAN MAINLAND
772-589-7777
INDIALANTIC BREVARD 321-951-3300
P A R A D I S E NORTH HUTCHINSON 772-464-7007