2015 Vero Beach Mainland Mid-Year Real Estate
M A R K E T R E P O RT
601 Bridgewater Lane SW, Vero Beach Offered at $569,900
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 Mid-Year 2015 Comparison to 2014 Vero Beach Housing Market Continues its Upward Tick Prices on single family homes on the mainland in Vero Beach we will see prices continue their slow increase, but we will continue their steady pace upwards, reports Coldwell also may see new construction on the horizon,” stated Banker Paradise in their just released 2nd Quarter Market Gonzalez. Report for 2015. The under $250k market saw the most As for condominiums, the market reflects a thirst growth in sales, with sales up 11% over this time last year. for those units priced under $250k while those over But, cautions Co-Owner and Broker $250k are seeing a slight decrease in price. Linda Gonzalez, “with inventory so Voted favorite Indian River County Competition for tight on this lower end, it inevitably brokerage by the readers of Treasure Coast quality, affordable will result in price increases.” Investors Newspapers, Coldwell Banker Paradise continue to look for opportunities homes continues to prides itself on providing the best market at this end of the market, add to knowledge available to home buyers and drive the market. that former home-owners who are sellers through its Quarterly Market returning to the market after having Reports and it’s knowledgeable agents. recovered from the foreclosure “Our agents are the experts, they are in downturn. Coupled with millennials who are coming into the the neighborhoods, seeing what is selling and why. Want market for the first time, lower priced homes continue to be to know what is happening in your neighborhood, as at a premium. “With three segments vying for the same piece compared to your surrounding county and the region? of the puzzle, there is bound to be inventory issues,” added Ask our agents today,” urged Gonzalez. You can reach Gonzalez. With unemployment in Indian River down 1.1% our Vero Beach office at 772-778-2029. and Florida’s job growth rate at 3.4%, consumer confidence continues its steady rise upwards. “If the trends continue,
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
683
362
3.2
$139,572
2014
676
373
3.3
$125,576
Change
+1%
-2.9%
--3.9%
+11.1%
2015
203
244
7.2
$330,987
2014
136
220
9.7
$325,695
Change
+49.3%
+10.9%
-25.7%
+1.6%
2015
36
68
11.3
$632,663
2014
18
60
20
$677,211
Change
+100%
+13.3%
-43.3%
+6.6%
2015
922
674
4.4
$200,970
2014
830
653
4.7
$170,330
Change
+11.1%
+3.2%
-7.1%
+18%
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
280
114
2.4
$80,702
2014
262
156
3.6
$73,794
Change
+6.9%
-26.9%
--31.6%
+9.4%
2015
6
9
9.0
$367,083
2014
2
6
18.0
$425,000
Change
+200%
+50.9%
-50%
-13.6%
2015
4
3
4.5
$589,750
2014
1
3
18
$725,000
Change
+300%
0%
-75%
-18,7%
2015
290
126
2.6
$93,648
2014
265
165
3.7
$78,891
Change
+9.4%
-23.6%
-30.2%
+18.7%
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? 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 $699,000 Spacious 6 BR home that is situated on 5+ acres of land that could accommodate equestrian use.
VERO BEACH $569,900 - The Spirit of golf & tradition surround you in this pristine home. Gourmet kitchen, steam shower and sauna.
VERO BEACH $524,900-A gorgeous home in Rosewood Court. 4/3/2.5 Pool and patio in center courtyard. Outdoor kitchen and spa.
VERO BEACH $473,800-SAVANNAH OAKS - Beautiful custom built 2 story 4/3/2 pool home on 1/2 acre. Gourmet kit, wood flooring & more!
VERO BEACH $425,000-5/3/2 Fantastic family home within walking distance to the beach.
VERO BEACH $413,900-Excellent condition custom 4/3, Solar heated pool & Spa plus 1/2 acre lot.
flcoldwellbanker.com
PRSRT SSTD ECRWSS U.S. POSTAGE PAID EDDMRETAIL
A SELECTION OF RECENT SOLDS:
Vero Beach 2265 7th Ave SE
Vero Beach 700 35th Ave
$529,900
$229,000
Vero Beach 4715 Stephanie Lane
$179,900
Vero Beach 5967 Ridge Lake Cir
Vero Beach 6312 Drawdy Parkway
$165,000
$172,500
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