2018 Vero Beach Island Mid Year Market Report

Vero Beach Island Mid-Year Market Report

RECENTLY SOLD

SOLD $3,053,500

420 Coconut Palm Road

SOLD $635,000 376 Eugenia Road

SOLD $461,000

1155 Leeward Lane

SOLD $1,050,000

1202 Isla Verde Square

SOLD $600,000

2041 Indian Summer Lane

SOLD $469,000

5680 Hwy A1A #113

www.FLColdwellBanker.com

SOLD $800,000

370 Riverway Court

SOLD $470,000

9655 E Maiden Court

SOLD $385,000

224 N Carmel Court

Homes are selling fast!

Call to see how much your home is worth!

772-231-4880 SOLD $380,000 796 Dahlia Lane

SOLD $365,000 556 Dahlia Lane

VERO BEACH ISLAND OFFICE 4625 Florida A1A Vero Beach, FL 32963 772-231-4880

www.FLColdwellBanker.com 2018 Vero Beach Island Mid-Year

MARKET REPORT

Price Point

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

Condos Sold

Current Listings

Month’s Supply

Average Price

Under

2018

60

39

3.9

$412,285

86

108

7.5

$313,428

$500,000

2017

77

34

2.6

$402,895

74

90

7.3

$297,574

Change

-22.1%

14.7%

50%

+2%

+16.2%

+20%

+3.3%

+5%

$500,001 to

2018

105

141

8.1

$685,347

40

49

7.4

$649,280

$1,000,000

2017

90

137

9.1

$707,154

40

35

5.3

$649,375

Change

+16.7%

+2.9%

-11.8%

-3%

0%

+40%

+40%

0%

Over

2018

82

165

12.1

$2,164,384

8

27

12.8

$1,830,250

$1,000,000

2017

63

185

17.6

$2,059,915

13

27

12.5

$1,664,615

Change

+30.2%

-10.8%

-31.5%

+5%

-38.5%

0%

+2.3%

+10%

2018

247

345

8.4

$1,110,032.48

134

174

7.8

$504.238.87

2017

230

356

9.3

$975,832.26

127

152

7.2

$548,310.80

Change

+7.4%

-3.1%

-9.8%

+14%

+5.5%

+14.5%

+8.5%

-8%

Total

The Vero Beach Island single family market has been the tax law changes were announced last year, we expected extremely strong this year. Prices are up 14% and the an increase in buyers from high tax states. However, many number of sales are up 7.4% . The month’s supply of homes of those areas have experienced decline in home prices and has decreased by almost 10%.

although we think it will be beneficial in the future for our

The condominium market has also experienced a 5.5% area it has not impacted the market at this point. rise in sales, but prices have averaged an 8% decrease.

Now is a good time for sellers to contemplate selling. If you would like to find the right price for your home in today’s With the recent interest rate increases and the anticipation changing market, contact us at 772-231-4880. With eleven offices of further hikes we anticipate some pricing pressure. Selling covering 135 miles of Florida’s East Coast, Coldwell Banker now while inventory’s are low could be beneficial. When Paradise is the largest full service real estate company in the area.