2017 Vero Beach Island 3rd Quarter Real Estate
MARKET
REPORT
Dustin Haynes
Broker Associate
772.205.1931
Dustin@VeroBeachProperty.com
PARADISE 4625 Florida A1A, Vero Beach, 32963
Vero Beach Island 3rd Quarter Comparison 2017 to 2016
Strong Sales Lead to Healthy, Brisk Market on Island Strong sales at all levels of the Vero Beach Island
National trends continue to buoy local markets as
market and decreasing inventory led to an overall
well. With the US job market on a historic streak of
healthy and brisk housing market for both single
over 80 months consecutive job growth, it is a good
family homes and condos during 3rd quarter
time to be buying or selling homes. As has been
of 2017, reports Coldwell Banker Paradise in
the case in recent years, interest rates are likely
their recently released Market Report.
to remain low in the near future, with only gradual
Unlike
other markets on the Space and Treasure Coast,
increases to come down the road.
the Island market is unique in that decreasing inventory and continued buyer demand is likely to
With eleven offices covering 135 miles of Florida’s
keep prices increasing at a steady pace. Even with
East Coast, Coldwell Banker Paradise recently
the -21.5% dip in inventory, levels are still healthy
celebrated 64 years of continued service to its clients
overall with eight months supply on hand. “Buyers
and communities. Proud of its history, grounded in
have a choice when looking to purchase on the
tradition, and growing thanks to its values, Coldwell
Island,” added Schlitt Gonzalez.
Banker Paradise is the area’s only full service real estate company with six divisions including:
The Vero Beach Island condominium market is
residential sales and rentals, commercial sales
well positioned heading into season, with a good
and leases, property management, and concierge
supply of inventory on hand. Price increases have
services.
remained stable with a slight bump in average
Associate today call him directly at 772-205-1931 or
price due to new construction.
email him at Dustin@VeroBeachProperty.com.
Price Point Under $500,000
$500,001 to $1,000,000
Over $1,000,000
Total
Year
To speak with Dustin Haynes, Broker
SINGLE FAMILY HOMES Homes Sold
Current Listings
Month’s Supply
Average Price
2017
102
30
2.6
$428,425
2016
90
46
4.6
$434,343
Change
+13.3%
-34.8%
-42.5%
+8.0%
2017
126
113
8.1
$756,830
2016
105
115
9.9
$739,424
Change
+20.0%
-1.7%
-18.1%
+2%
2017
104
170
14.7
$2,652,365
2016
88
179
18.3
$3,000,598
Change
+18.2%
+5.0%
+19.6%
-12%
2017
332
313
8.5
$1,249,717
2016
283
340
10.8
$1,345,523
Change
+17.3%
-7.9%
-21.5%
-7%
Price Point
CONDOS
Year
Condos Sold
Current Listings
Month’s Supply
Average Price
2017
102
30
2.6
$428,425
2016
90
46
4.6
$434,343
Change
+13.3%
-34.8%
-42.5%
-1.0%
2017
126
113
8.1
$756,830
2016
105
115
9.9
$739,424
Change
+20.0%
-1.7%
-18.1%
+2.0%
2017
104
170
14.7
$2,652,365
2016
88
179
18.3
$3,000,598
Change
+18.2%
-5.0%
-19.6%
-12.0%
2017
332
313
8.5
$1,249,717
2016
283
340
10.8
$1,345,523
Change
+17.3%
-7.9%
-21.5%
-7.0%
Under $500,000
$500,001 to $1,000,000
Over $1,000,000
Total
Vero Beach Island Condominiums - Hot Deals
$259,000
5601 Hwy A1A, #S304
$360,000
1700 Ocean Drive, #304V
Oceanfront Estates - Newly Listed
$1,125,000 1202 Isla Verde
$990,000
846 Banyon Road
I Have the Competitive Edge! Using proprietary technology, I BRING THE BUYERS to each and every transaction. Using targeted software applications, and the latest in lead development and capture, I can not only target likely buyers, but have the technology in my hands to put YOUR home in front of the most likely buyers. I don’t just work locally, but regionally, nationally and internationally to put your home front and center.
With eleven offices covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise recently celebrated 64 years of continued service to its clients and communities. Proud of its history, grounded in tradition, and growing thanks to its values, Coldwell Banker Paradise is the area’s only full service real estate company with six divisions including: residential sales and rentals, commercial sales and leases, property management, and concierge services. To speak with me today about what I can do to market your property not just locally... but GLOBALLY...give me a call at 772-205-1931 or email me at Dustin@ VeroBeachProperty.com.
A Selection of Recently Sold Properties
$1,295,000
70 Beachside Drive
$515,000
2150 Seminole Shores Lane
$399,000
1556 Smugglers Cove