Vero Beach Island 2nd Quarter Market Reort 2017

2017 Vero Beach Island Mid-Year Real Estate

MARKET REPORT

$1,950,000

9160 Marsh Island Drive Offered by Mary Lou Ciambriello W H E R E E XC E L L E NC E L I V E S

PARADISE 4625 Florida A1A, Vero Beach, 32963 772-231-4880

Vero Beach Island Mid-Year Comparison 2017 to 2016 Higher Inventory on Island Market Gives Buyers Choices Significant inventory gains for Vero Beach Island properties leads to a favorable market for buyers, reports Coldwell Banker Paradise in its recently released 2017 Mid-Year Market Report. Due to increased appreciation, many homeowners, especially for those over the $500K price point, have recovered enough equity to start exploring their options. This has led to significant increases in inventory, providing a real upturn in listing activity on the Island.

With triple digit increases in inventory in the over $1M price point, buyers are in a good position to shop around. “To keep buyer interest high, sellers will need to work with an experienced agent who can respond quickly to reflect changes in the market,” stated Co-Owner and Broker Linda Schlitt Gonzalez.

Well-priced, well-placed homes will attract the right buyers. “Buyer enthusiasm and response will set the Island market in the months to come,” added Gonzalez.

The leader in full service local real estate, Coldwell Banker Paradise agents closed over 2,234 transactions in the last year, placing the company as the 350th

largest broker in the country in units sold, according to the Real Trends 500 survey. Nationally, Coldwell Banker out-produced every other national brand, ranking #1 for dollar volume. Service, dedication, and an unwavering commitment to the highest ideals of their profession, Co-Owners and Brokers Steven Schlitt and Linda Schlitt Gonzalez have grown their business exponentially, becoming one of the Top Three Coldwell Banker Franchise’s in the state of Florida. In addition, for nearly 15 years, they have been honored annually with the Chairman’s Circle from Coldwell Banker national. The Chairman’s Circle award is the most prestigious designation a Coldwell Banker affiliated company can achieve signifying the top six percent of Coldwell Banker affiliated residential real estate brokerage companies in the world.

With eleven offices from Stuart to Satellite Beach, Coldwell Banker Paradise prides itself on providing the best market analysis available to home buyers and sellers through its Quarterly Market Reports and its knowledgeable agents.To find out what your home may be worth in this market, call our Global Luxury office at 772-231-4880.

A Selection of Recently Sold Properties

$1,795,000

132 Anchor Drive

$615,000

2160 Waltons Court

$585,000

905 Starboard Drive

Price Point Under $500,000

$500,001 to $1,000,000

Over $1,000,000

Total

Price Point Under $500,000

$500,001 to $1,000,000

Over $1,000,000

Total

Year

SINGLE FAMILY HOMES Homes Sold

Current Listings

Month’s Supply

Average Price

2017

77

34

2.6

$402,895

2016

55

38

4.1

$372,366

Change

+40.0%

-10.5%

-36.1%

+8.0%

2017

90

137

9.1

$707,154

2016

73

86

7.1

$688,251

Change

+23.3%

+59.3%

+29.2%

+3%

2017

63

185

17.6

$2,059,915

2016

64

91

8.5

$2,271,434

Change

-1.6%

+103.3%

+106.5%

-9.0%

2017

230

356

9.3

$975,832

2016

192

215

6.7

$1,125,490

Change

+19.8%

+65.6%

+38.2%

-13%

Year

Condos Sold

Current Listings

Month’s Supply

Average Price

2017

74

90

7.3

$297,574

2016

89

61

4.1

$285,628

Change

-16.9%

+47.5%

+77.4%

+4.0%

2017

40

35

5.3

$649,375

2016

42

27

3.9

$662,726

Change

-4.8%

+29.6%

+36.1%

-2.0%

2017

13

27

12.5

$1,664,615

2016

3

11

22.0

$1,083,333

Change

+333.3%

145.5%

-43.4%

+54.0%

2017

127

152

7.2

$548,310

2016

134

99

4.4

$421,681

Change

-5.2%

+53.5%

+62.0%

+30.0%

CONDOS

New to the Market

$990,000

846 Banyan Road

$789,000

2085 Cavalla Road

$700,000

546 Indian Lilac Road

Introducing

Lifestyle Management Services.

Property Watch. Concierge.

Personal Assistance.

We are pleased to introduce to our elite clients: Coldwell Banker Paradise Premier Services. Premier Services Is Lifestyle Concierge for the Treasure Coast. You can select the services that make the most sense for you: • Dining Arrangements (At Home, Reservations, Event Planning) • Transportation • Home Services (Home Maintenance, Repairs, Property Watch) • Pet Care • Personal Shopping & Delivery (Gifts, Decor, Attire, Flowers) • Event Tickets • Boat & Yacht Care • In-home or site-based well being care (yoga, massage, beauty) All packages are created to give you 12-months of coverage per an annual contract. We strive to ensure yearround that even if you are away on business or leisure, that your luxury lifestyle is managed for you.

premiere services

Call (772) 231-7019 for your custom quote today!