2015 Vero Beach Mainland Third Quarter Market Report

2015 Vero Beach Mainland Third Quarter Real Estate

M A R K E T R E P O RT

VERO BEACH 1950 US Hwy. 1 772.778.2029

SEBASTIAN

1209 US Hwy. 1 772.589.7777

ISLAND PREVIEWS N. HUTCHINSON 4625 Hwy. A1A 772.231.4880

4007 N. Hwy. A1A 772.464.7007

Vero Beach Mainland 3rd-Quarter 2015 Comparison to 2014 Higher Prices and Higher Home Values Dominate the Vero Beach Housing Market With inventory down 10.2% and prices up 12.2%,Vero Beach’s 22% over this time last year, “condo owners will be housing market continues to bode well for seller’s looking to pleased to see their appreciation rising,” stated Schlitt. time the market just right, reports Coldwell Banker Paradise As the Consumer Price Index continues to fall and in their just released 3rd Quarter Market Report for 2015. with the state unemployment rate at 5.3%, consumer “The great news for homeowners in Vero Beach is that they perceptions “as to whether it is a good time to buy a have seen gains in their equity. Sellers can be confident that big ticket item rose 3.5 points to 96.7,” so reported the now is the time to explore putting their house on the market.

University of Florida’s Bureau of Economic and Business If a homeowner hasn’t looked into Research. “If the trends continue, we will how much their house might be worth, Now is the time for see both home prices and home values they will be pleasantly surprised,” continue their slow increase, but we also sellers to explore stated Coldwell Banker Paradise Comay see new construction on the horizon,” putting their house Owner and Broker Steven Schlitt. stated Schlitt.

Sales and inventory decreased the Voted favorite Indian River County on the market. most for single family homes in the brokerage by the readers of Treasure under $250K market while prices for Coast Newspapers, Coldwell Banker that segment increased the most, with a 9.1% boost over last Paradise prides itself on providing the best market year. In contrast, both sales and inventory increased in Vero knowledge available to home buyers and sellers through Beach for those properties over $250K and $500K. “The its Quarterly Market Reports and it’s knowledgeable good news is that consumers can get more house for their agents. “Our agents are the experts, they are in the dollar at this level of the market,” added Schlitt. neighborhoods, seeing what is selling and why. Want With both investors and newly retired baby boomers vying to know what is happening in your neighborhood, as for condos priced under $250k, sales and average price were compared to your surrounding county and the region? up, while inventory was down reflecting the continued thirst Ask our agents today,” urged Schlitt. You can reach our for the more affordable units. With an overall price gain of Vero Beach office at 772-778-2029.

SINGLE FAMILY HOMES Price Point Under $250,000

$250,001 to $500,000

Over $500,000

Total

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

2015

884

272

2.8

$139,967

2014

980

379

3.5

$128,293

Change

-9.8%

-28.2%

-20.9%

+9.1%

2015

296

235

7.1

$324,390

2014

221

210

8.6

$325,233

Change

+33.9%

+11.9%

-16.9%

-0.3%

2015

37

73

17.8

$649,022

2014

30

46

13.8

$667,435

Change

+23.3%

+58.7%

+28.7%

-2.8%

2015

1217

580

4.3

$200,299

2014

1233

646

4.7

$178,473

Change

-1.3%

-10.2%

-8.7%

+12.2%

CONDOS Price Point Under $250,000

$250,001 to $500,000

Over $500,000

Total

Year

Condos Sold

Current Listings

Month’s Supply

Average Price

2015

392

117

2.7

$81,186

2014

356

163

4.1

$77,895

Change

+10.1%

-28.2%

-34.5%

+4.2%

2015

7

10

12.9

$359,643

2014

2

6

27.0

$425,000

Change

+250.0%

+66.7%

-52.4%

-15.4%

2015

6

3

4.5

$709,000

2014

0

5

0.0

$0

Change

+100%

-40.0%

+100%

+100%

2015

405

130

2.9

$95,300

2014

358

163

4.1

$77,895

Change

+13.1%

-20.2%

-29.5%

+22.3%

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? With Vero Beach houses now averaging $200K,that could mean your home could be worth $20,000 more than that website you just visited estimated. When was the last time you walked away from $20K? 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 as a buyer and a seller. 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. In Vero Beach, call us at 772-778-2029.

E X C L U S I V E LY P R E S E N T I N G :

VERO BEACH $385,000- 4/3 located five minutes from the beach, gourmet kitchen, 3 car garage, volume ceilings and more

VERO BEACH $325,000-This gorgeous 4/3/3 has over $40,000 in upgrades and sits on .49 acre with fenced in backyard and plenty of room for a pool

VERO BEACH $375,000-Spacious 4/2.5 with den and 3 car garage sits on .70 acres that is landscaped and fenced in. Gourmet kitchen, great room & fireplace

VERO BEACH $324,900-2/2/2 beauty in Grand Harbor which boasts fountains, wide sidewalks, preserve areas and abundant wildlife

VERO BEACH $269,900-This 3/2 home has it all including custom outdoor kitchen & firepit, gourmet kitchen, spacious yard with pool & spa and more.

flcoldwellbanker.com

PRSRT SSTD ECRWSS U.S. POSTAGE PAID EDDMRETAIL

A SELECTION OF RECENT SOLDS:

Vero Beach 4590 Kodiak Drive

Vero Beach 1545 56th Square

$410,000

$318,000

Vero Beach 190 56th Drive SW

Vero Beach 653 Tangelo Circle SW

$301,000

$284,900

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 VERO BEACH MAINLAND 772-778-2029

B A N K E R VERO BEACH ISLAND 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