PRST STD ECRWSS U.S. POSTAGE
PAID
STUART, FL PERMIT NO. 274
RESIDENTIAL CUSTOMER
$500,000
2805 Tropical Ave
$495,000
601 Bridgewater LN SW
$325,000
2603 19th Place
E X C L U S I V E LY P R E S E N T I N G :
$795,000
2234 5th CT SE
$525,000
6640 Martinique Way
$434,900
6128 56th Ave
A B O U T C O L DW E L L B A N K E R PA R A D I S E : With so much of the market changing so quickly, it takes a savvy and experienced agent to help guide you. Coldwell Banker Paradise prides itself in providing our agents with the technology, and tools to provide the best customer service in the industry. Combined with our agents’ intimate knowledge of the local market, Coldwell Banker Paradise agents are uniquely positioned to provide you with the sales history of a particular neighborhood. For your free market assessment, call our Vero Beach office at 772-778-2029.
C O L D W E L L
B A N K E R
P A R A D I S E
www.flcoldwellbanker.com
2016 Vero Beach Third Quarter Real Estate
MARKET REPORT 1950 US-1 Vero Beach, FL 32960
4625 Highway A1A Vero Beach, FL 32963
772-778-2029
772-231-4880
1209 US-1 Sebastian, FL 32958
772-589-7777
Vero Beach
Third Quarter Comparison 2016 to 2015
Your Housing Forecast!
Investors and home owners continue to seek the mid-to-lower end of the market with prices rising 10%-20%.
Inventory Driving Sales Pace and Pricing for Condos
Inventory continues to be tight at most levels of the
With inventory levels dipping
market, causing healthy but steady price increases
-13.1% this quarter for Vero Beach
except at the higher end of the market, where there is currently a generous supply of inventory, which is keeping prices flat. Condominium prices and inventory has leveled off, with demand meeting prices, leading to
1278+5.0%
Homes Sold
FOR SELLERS:
SUNNY WITH POSSIBLE RAIN! Your home could be the one that buyers are waiting for! Let’s work together while the market is STILL HOT !
FOR BUYERS & INVESTORS:
condos, sales are down -19.3%
Skies not so clear...With inventory tight, it takes an experienced and savvy realtor to navigate! Let us be your GUIDE!
compared to this time last year. As a result of the tight inventory, prices are increasing at most levels
a healthy gain in average price as well as a stabilization
with an overall 112% increase
of inventory levels.
leading to a healthy yet competitive
CALL US TO FIND OUT HOW MUCH YOUR HOME IS WORTH IN THIS TIGHT MARKET! 772-778-2029
market, resulting in good news for
Average Price +79.9%
sellers, as buyers will be hungry for
$360K
appropriately priced properties.
SINGLE FAMILY HOMES Price Point Under $250,000
$250,001 to $500,000
Over $500,000
Total
CONDOS
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
2016
885
209
2.1
$171,383
2015
884
272
2.8
$139,967
Change
0.1%
-23.2%
-23.2%
22.4%
2016
340
213
5.6
$356,749
2015
296
235
7.1
$324,390
Change
14.9%
-9.4%
-21.1%
10.0%
2016
53
84
14.3
$669,036
2015
37
73
13.8
$649,022
Change
43.2%
15.1%
3.4%
3.1%
2016
1278
506
3.6
$360,431
2015
1217
580
4.7
$200,299
Change
5.0%
-12.8%
-24.2%
+79.9%
Price Point Under $250,000
$250,001 to $500,000
Over $500,000
Total
Year
Condos Sold
Current Listings
Month’s Supply
Average Price
2016
311
96
2.8
$117,781
2015
392
117
4.1
$81,186
Change
-20.7%
-17.9%
-32.2%
45.1%
2016
9
9
27.0
$359,643
2015
7
10
-66.7%
$367,083
Change
28.6%
-10.0%
0.0%
-18.0%
2016
7
8
10.3
$1,108,488
2015
6
3
0.0
$709,900
Change
100%
+166.7%
100%
100%
2016
327
113
3.1
$202,023
2015
405
130
4.1
$95,300
Change
-19.3%
-13.1%
-24.1%
112.0%
Vero Beach
Third Quarter Comparison 2016 to 2015
Your Housing Forecast!
Investors and home owners continue to seek the mid-to-lower end of the market with prices rising 10%-20%.
Inventory Driving Sales Pace and Pricing for Condos
Inventory continues to be tight at most levels of the
With inventory levels dipping
market, causing healthy but steady price increases
-13.1% this quarter for Vero Beach
except at the higher end of the market, where there is currently a generous supply of inventory, which is keeping prices flat. Condominium prices and inventory has leveled off, with demand meeting prices, leading to
1278+5.0%
Homes Sold
FOR SELLERS:
SUNNY WITH POSSIBLE RAIN! Your home could be the one that buyers are waiting for! Let’s work together while the market is STILL HOT !
FOR BUYERS & INVESTORS:
condos, sales are down -19.3%
Skies not so clear...With inventory tight, it takes an experienced and savvy realtor to navigate! Let us be your GUIDE!
compared to this time last year. As a result of the tight inventory, prices are increasing at most levels
a healthy gain in average price as well as a stabilization
with an overall 112% increase
of inventory levels.
leading to a healthy yet competitive
CALL US TO FIND OUT HOW MUCH YOUR HOME IS WORTH IN THIS TIGHT MARKET! 772-778-2029
market, resulting in good news for
Average Price +79.9%
sellers, as buyers will be hungry for
$360K
appropriately priced properties.
SINGLE FAMILY HOMES Price Point Under $250,000
$250,001 to $500,000
Over $500,000
Total
CONDOS
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
2016
885
209
2.1
$171,383
2015
884
272
2.8
$139,967
Change
0.1%
-23.2%
-23.2%
22.4%
2016
340
213
5.6
$356,749
2015
296
235
7.1
$324,390
Change
14.9%
-9.4%
-21.1%
10.0%
2016
53
84
14.3
$669,036
2015
37
73
13.8
$649,022
Change
43.2%
15.1%
3.4%
3.1%
2016
1278
506
3.6
$360,431
2015
1217
580
4.7
$200,299
Change
5.0%
-12.8%
-24.2%
+79.9%
Price Point Under $250,000
$250,001 to $500,000
Over $500,000
Total
Year
Condos Sold
Current Listings
Month’s Supply
Average Price
2016
311
96
2.8
$117,781
2015
392
117
4.1
$81,186
Change
-20.7%
-17.9%
-32.2%
45.1%
2016
9
9
27.0
$359,643
2015
7
10
-66.7%
$367,083
Change
28.6%
-10.0%
0.0%
-18.0%
2016
7
8
10.3
$1,108,488
2015
6
3
0.0
$709,900
Change
100%
+166.7%
100%
100%
2016
327
113
3.1
$202,023
2015
405
130
4.1
$95,300
Change
-19.3%
-13.1%
-24.1%
112.0%
PRST STD ECRWSS U.S. POSTAGE
PAID
STUART, FL PERMIT NO. 274
RESIDENTIAL CUSTOMER
$500,000
2805 Tropical Ave
$495,000
601 Bridgewater LN SW
$325,000
2603 19th Place
E X C L U S I V E LY P R E S E N T I N G :
$795,000
2234 5th CT SE
$525,000
6640 Martinique Way
$434,900
6128 56th Ave
A B O U T C O L DW E L L B A N K E R PA R A D I S E : With so much of the market changing so quickly, it takes a savvy and experienced agent to help guide you. Coldwell Banker Paradise prides itself in providing our agents with the technology, and tools to provide the best customer service in the industry. Combined with our agents’ intimate knowledge of the local market, Coldwell Banker Paradise agents are uniquely positioned to provide you with the sales history of a particular neighborhood. For your free market assessment, call our Vero Beach office at 772-778-2029.
C O L D W E L L
B A N K E R
P A R A D I S E
www.flcoldwellbanker.com
2016 Vero Beach Third Quarter Real Estate
MARKET REPORT 1950 US-1 Vero Beach, FL 32960
4625 Highway A1A Vero Beach, FL 32963
772-778-2029
772-231-4880
1209 US-1 Sebastian, FL 32958
772-589-7777