2015 Vero Beach Island Year End Real Estate
M A R K E T R E P O RT
ISLAND PREVIEWS 4625 Hwy. A1A 772.231.4880
SEBASTIAN
1209 US Hwy. 1 772.589.7777
VERO BEACH N. HUTCHINSON 1950 US Hwy. 1 772.778.2029
4007 N. Hwy. A1A 772.464.7007
Vero Beach Island Year End Comparison 2015 to 2014 How Much Will Prices Increase for Vero Beach Island Properties in 2016? A decrease in available homes for sale generally leads to
those properties, both single family homes and condos,
a subsequent rise in prices, but not for Vero Beach Island
priced under $500K on the Island. “The million dollar
properties last year reports Coldwell Banker Paradise in
question is, how much will prices increase on the Island
their just released Year End Market Report for 2015. “We
for 2016?,” posited Schlitt Gonzalez, “Many buyers are
have not seen the kind of appreciation one usually gets with
comparing more than one city which has held price
a tightening of inventory,” stated Coldwell Banker Paradise
increases to single digits in 2015. We need to highlight
Co-owner and Broker Linda Schlitt Gonzalez. “The housing
the amazing amenities only available in our community:
market for Vero Beach Island properties seems to be in
the safety, the hometown feel, the exclusivity – these are
a holding pattern. Overall sales have actually slowed 11%
the qualities that will continue to attract buyers from all
compared to two years ago, however prices are holding steady,” added Schlitt Gonzalez.
“We need to highlight
over.”
Voted favorite Indian River County In general, 2015 was a healthy year for the amazing amenities brokerage by the readers of Treasure Coast Newspapers, Coldwell Banker Paradise the housing market: many homeowners only available in our prides itself on providing the best market regained essential equity, and housing community!” knowledge available to home buyers and prices across the board steadily increased. sellers through its Quarterly Market Reports and it’s However, a solidifying trend slowly emerged during the knowledgeable agents. “Our agents are the experts, they summer and fall of 2015, and that was a slowing or decrease are in the neighborhoods, seeing what is selling and why. of available homes and condos for sale in the marketplace. In Want to know what is happening in your neighborhood? fact, during November and into December the shortage of Ask our agents today,” stated Schlitt. You can reach our inventory resulted in a decrease in sales – there simply were Island Previews office at 772-231-4880. not enough homes for buyers to purchase. Such was true for
SINGLE FAMILY HOMES Price Point Under $500,000
$500,000 to $1,00,000
Over $1,000,000
Total
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
2015
141
40
3.4
$382,550
2014
183
70
4.6
$364,834
Change
-33.0%
-42.9%
-26.0%
+4.9%
2015
148
104
8.4
$678,502
2014
148
117
9.5
$690,427
Change
0%
-11.1%
-11.2%
-1.7%
2015
102
151
17.8
$2,264,022
2014
98
151
18.5
$2,173,356
Change
+4.1%
+5.9%
-4.0%
+4.2%
2015
391
295
9.1
$985,392
2014
429
338
9.5
$890,296
Change
-8.9%
-12.7%
-9.8%
+10.7%
CONDOS Price Point Under $500,000
$500,000 to $1,00,000
Over $1,000,000
Total
Year
Condos Sold
Current Listings
Month’s Supply
Average Price
2015
193
92
5.7
$269,773
2014
242
112
5.6
$272,904
Change
-20.2%
-17.9%
+2.1%
-1.1%
2015
43
33
9.2
$667,628
2014
50
30
7.2
$706,075
Change
-14.0%
+10.0%
+27.9%
-5.4%
2015
16
18
13.5
$1,634,896
2014
10
17
20.4
$1,548,000
Change
+60.0%
+5.9%
-33.8%
+5.6%
2015
252
143
6.8
$424,336
2014
302
159
6.3
$386,842
Change
-16.6%
-10.1%
+8.1%
+9.7%
E X C L U S I V E LY P R E S E N T I N G :
THE MOORINGS - $2,455,000
VERO BEACH
$899,000
VERO BEACH - $1,195,000
As seen on cover!
VERO BEACH - $725,000
flcoldwellbanker.com
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RESIDENTIAL CUSTOMER
A SELECTION OF RECENT SOLDS:
Vero Beach Island, 915 Sea Watch Lane $860,000
Vero Beach Island, 531 Marbrisa Drive $610,000
THE RIGHT REPRESENTATION MAKES ALL THE DIFFERENCE Coldwell Banker Paradise is the largest real estate brokerage firm in the area, with 10 offices serving St. Lucie, Indian River and Brevard Counties. We are commited to providing the highest level of real estate services to our clients with comprehensive regional marketing. 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.
C O L D W E L L
B A N K E R
VERO BEACH MAINLAND
VERO BEACH ISLAND
772-778-2029
772-231-4880
SEBASTIAN MAINLAND
772-589-7777
INDIALANTIC BREVARD 321-951-3300
P A R A D I S E NORTH HUTCHINSON 772-464-7007