Vero Beach
RECENTLY SOLD Ben Bryk, REALTOR 772-713-9455
SOLD $674,000 2265 6th Court SE
SOLD $369,000
5149 Formosa Circle
SOLD $345,000
4575 Ashley Lake Circle
SOLD $284,,000 1271 Veranda Way
bentherealestateguy@gmail.com
SOLD $380,000
SOLD $375,000
SOLD $364,000
SOLD $350,000
1220 Ansley Avenue SW
1010 Quail Court SW
6150 37th Street
6550 35th Lane
SOLD $335,000
SOLD $290,000
5347 Antigua Circle
113 12th Street SE
SOLD $279,000
Homes are selling fast! Call to see how much your home is worth! Ben Bryk, REALTOR® 772-713-9455
2640 Heron Bay Lane SW
ABOUT BEN BRYK, REALTOR® I have lived in Vero Beach for over 15 years. I was born and raised in Connecticut. I have a Bachelor of Science in Management and have spent the majority of my career in advertising. I am skilled at negotiating, developing and executing successful business plans. I know the community well and I am proud to call it my home. I would be honored to assist you with buying or selling your home. I sell over 125 homes per year with my partner. I specialize in the Vero Beach area, but also sell homes on the barrier island as well as condos. Once I list a home, I always get wonderful results. I am a proud recipient of the Coldwell Banker Sterling Society Designation in 2018. I have 25 years in Sales, Marketing and Customer Service. I am a member of the Knights of Columbus and involved with St. Helen’s Church. I volunteer for the Samaritan Soup Bowl which raises money to provide homes for the needy. I manage a food booth for St. Helen’s Harvest festival every year and volunteer as Santa Claus for the Senior Resource Center.
For the best in full-service Realtor call Ben Bryk at Coldwell Banker Paradise at 772-713-9455 or by email him at ben.bryk@coldwellbanker.com.
2018 Vero Beach 1st Quarter Real Estate
MARKET REPORT
Price Point
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
Condos Sold
Current Listings
Month’s Supply
Average Price
Under
2018
223
154
2.1
$167,633
104
106
3.1
$103,952
$250,000
2017
270
198
2.2
$161,175
109
109
3.0
$97,800
Change
-17.4%
-22.2%
-5.8%
+4.0%
-4.6%
-2.8%
+1.9%
+6.0%
$250,001 to
2018
158
295
5.6
$325,512
1
16
48.0
$275,000
$500,000
2017
115
280
7.3
$322,471
7
9
3.9
$342,643
Change
+37.4%
+5.4%
-23.3%
+1.0%
-85.7%
+77.8%
+1144.4%
-20.0%
Over
2018
18
106
17.7
$768,395
1
5
15.0
$672,500
$500,000
2017
25
113
13.6
$649,907
6
3
1.5
$603,000
Change
-28.0%
-6.2%
+30.3%
+18.0%
-83.3%
+66.7%
+900.0%
+12.0%
2018
399
555
4.2
$257,254
106
127
3.6
$110,929
2017
410
591
4.3
$236,217
122
121
3.0
$136,694
Change
-2.7%
-6.1%
-3.5%
+9.0%
-13.1%
+5.0%
+20.8%
-19.0%
Total
While the majority of housing on the Vero Beach mainland still sells below $250,000, this bastian of affordable housing is quickly slipping away. The number of sales in this lower market has declined by 17% due strictly to the limited inventory. With only a 9 week supply of inventory, the sales under $250,000 are being captured by buyers who act fast.
So the mixed message is, buyers in the lower end market need to act quickly and bid aggressively or risk missing out. In the mid and upper end markets, there is a selection for buyers, and while prices are slowly increasing, sellers need to look closely at the competition and price their homes appropriately.
At the same time the market for mid-priced and luxury real estate on the mainland has grown by 30% this year. In the $250,000 to $500,000 market sales were up 37%, but a lot of new construction activity in this price range has helped keep the market better stocked with inventory and held prices flat. Over $500,000 new construction and price increases has created a growing market, but inventory is now approaching an 18 month supply. In this mid-priced and luxury market, there is an increasing number of homes that expire without selling if they are priced too aggressively.
If you would like to find out the value of your home in today’s changing market, contact Ben Bryk, REALTOR® at 772-713-9455 or email him at Ben.Bryk@ColdwellBanker.com. With eleven offices covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise is the largest full service real estate company in the area. To see all of our listings go to: FLColdwellBanker.com