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.