2014 Vero Beach Island Third Quarter Real Estate
MARKET REPORT
1005 Isle Verde Square, River Club NEW ST. CROIX MODEL • VERO BEACH Offered at $899,000
VERO BEACH 1950 US Hwy. 1 772.778.2029
ISLAND PREVIEWS 4625 Hwy. A1A 772.231.4880
SEBASTIAN 1209 US Hwy. 1 772.589.7777
N. HUTCHINSON 4007 N. Hwy. A1A 772.464.7007
2014 Vero Beach Island Third Quarter Real Estate Report As trusted real estate advisors in our area, we are pleased to present our Third Quarter Real Estate Report. We have identified key indicators that impact home values and use this information to forecast local market trends that help our clients make informed decisions about buying and selling real estate. Single Family Homes – During the first three quarters of this year, the number of home sales have dropped slightly as a result of fewer properties available under $500,000. Housing inventory levels are down sharply across all price points. Price appreciation has been significant so far this year and further appreciation is expected during the first half of 2015. Condominiums – Condominium sales were another bright spot with sales up dramatically and a 30% drop in the number of units available for sale. If inventory levels continue to decline, appreciation is likely to continue in the first half of 2015. Call us today for detailed information about your home’s value in today’s market. Contact us directly at our Vero Beach US 1 office 772-778-2029, our Island Previews office 772-231-4880, our Sebastian office 772-589-7777, or our North Hutchinson office 772-464-7007. If you would like to continue getting our quarterly updates, just let us know. Email us at Schlitt@ColdwellBanker.com. We will make sure that a copy is delivered to you quarterly. All the best, Linda Schlitt Gonzalez and Steven Schlitt, Owners
VERO BEACH ISLAND SINGLE FAMILY HOMES THIRD QUARTER 2014 COMPARISON TO THIRD QUARTER 2013 Price Point Under $500,000
$500,001 to $1,000,000
Over $1,000,000
Total
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
2014
139
83
5.4
$357,314
2013
160
98
6
$360,052
Change
-13%
-15%
-10%
-1%
2014
123
86
6.3
$696,841
2013
117
118
9.1
$689,854
Change
+5%
-27%
-31%
+1%
2014
73
132
16.3
$2,187,033
2013
69
163
21
$1,718,630
Change
+6%
-19%
-22.3%
+27%
2014
335
301
8.1
$880,691
2013
346
379
10
$742,505
Change
-3%
-21%
-19%
+19%
VERO BEACH ISLAND CONDOS THIRD QUARTER 2014 COMPARISON TO THIRD QUARTER 2013 Price Point
Year
Condos Sold
Current Listings
Month’s Supply
Average Price
2014
200
103
4.6
$268,114
2013
185
136
7
$242,010
Change
+8%
-24%
-34%
+11%
2014
38
27
6.4
$706,546
2013
25
51
18
$658,244
Change
+52%
-47%
-64%
+7%
2014
7
19
24.4
$1,612,857
2013
5
26
47
$1,335,000
Change
+40%
-27%
-48%
+21%
2014
245
149
5.5
$374,537
2013
215
212
9
$315,828
Change
+14%
-30%
-39%
+19%
Under $500,000
$500,001 to $1,000,000
Over $1,000,000
Total
EXCLUSIVELY PRESENTING:
$895,000
$480,000
$450,000
2035 Regatta Drive
663 Eugenia Road
2170 Seminole Shores Lane
$425,000
$350,000
$299,000
4141 Ocean Drive
4450 N. Highway A1A #506
1370 White Heron Lane
THE MOORINGS • VERO BEACH
BAY ISLAND CLUB • VERO BEACH
VEROMAR • VERO BEACH
OCEAN CLUB 3 • VERO BEACH
SEMINOLE SHORES • VERO BEACH
DUNES LOT • VERO BEACH
WE INVITE YOU TO VIEW OUR ENTIRE COLLECTION AT: FLColdwellBanker.com
PRSRT SSTD ECRWSS U.S. POSTAGE PAID EDDMRETAIL
A SELECTION OF RECENT SOLDS:
Asking Price $995,000
JOHNS ISLAND • VERO BEACH
SOLD for $995,000 Asking Price $550,000
SHORELANDS • VERO BEACH
210 Coconut Palm Road
Asking Price $500,000
DUNES • VERO BEACH
SOLD for $460,000
1321 Sea Hawk Lane
C
1561 Shorelands Drive
Asking Price $439,000
SOLD for $420,000 Asking Price $299,999
BEACHWALK • VERO BEACH
940 Turtle Cove Lane #305
4600 Highway A1A
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.
VERO BEACH ISLAND PREVIEWS 772.231.4880
SEBASTIAN 772.589.7777
SOLD for $280,000
CALEDON SHORES • VERO BEACH
oldwell 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.
772.778.2029
SOLD for $500,000
N. HUTCHINSON 772.464.7007