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!