2015 Vero Beach Mainland First Quarter Real Estate
MARKET REPORT
1545 56th Court Kingswood Estates • Vero Beach Offered at $413,900
VERO BEACH 1950 US Hwy. 1 772.778.2029
ISLAND PREVIEWS 4625 Hwy. A1A 772.231.4880
SEBASTIAN 1209 US Hwy. 1 772.589.7777
N. HUTCHINSON 4007 N. Hwy. A1A 772.464.7007
Coldwell Banker Paradise Reports Positive Housing Market Trends for 1st Quarter of 2015 on the Mainland in Vero Beach Shrinking inventory, steady economic improvement and consumer confidence led to overall gains in the local housing market, reported Coldwell Banker Paradise, the trusted leader in local real estate from Jensen to Cocoa Beach in its just released 2015 1st Quarter market analysis available to its agents and their clients. “Just as 2014 was a transition year from recovery to stabilization, so has 2015 started out, steady but overall positive across the board, it is just the kind of steady and slow rate of growth we like to see,” stated Co-Owner and Broker Steven Schlitt. Look for continued steady increases in average prices, especially in the over $250k market. On the Vero Beach mainland, single family homes saw the greatest increase in average price in those properties $250k-$600k range which resulted in a tripling in the number of homes sold over $500k from the previous year. There were small decreases in inventory in Vero Beach mainland leading to sustainable price increases in the 6-8% market range in almost all categories. Look for continued steady increases in average prices, especially in the over $250k market. What’s my home worth in today’s market? Coldwell Banker Paradise agents are experts in the local housing market and can help you assess your property. Call us today, at our Vero Beach office at 772-778-2029, at our Vero Beach Island Previews office at 772-231-4880, at our North Hutchinson Island office: 772-464-7007, or at our Sebastian office: 772-589-7777. All discussions are strictly confidential. Serving all four counties on the Treasure and Space Coast (Brevard, Indian River, St. Lucie and Martin Counties) Coldwell Banker Paradise has nine offices and over 210 agents. If you would like to continue getting our quarterly updates, just let us know. Email us at Schlitt@ColdwellBanker.com. We will make sure that a copy is delivered to you quarterly.
All the best,
Linda Schlitt Gonzalez and Steven Schlitt, Owners
VERO BEACH MAINLAND SINGLE FAMILY HOMES FIRST QUARTER 2015 COMPARISON TO FIRST QUARTER 2014 Price Point Under $250,000
$250,001 to $500,000
Over $500,000
Total
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
2015
309
358
3.5
$135,857
2014
299
424
4.3
$126,615
Change
3.34%
-15.57%
-18.3%
7.3%
2015
73
244
10
$331,803
2014
56
207
11.1
$311,537
Change
30.36%
17.87%
-9.58%
6.51%
2015
18
63
10.5
$505,000
2014
6
69
34.5
$616,666
Change
200%
-8.70%
-69.57%
-18.11%
2015
400
665
5
$193,269
2014
361
700
5.8
$160,961
Change
10.8%
-5%
-14.26%
20.07%
VERO BEACH MAINLAND CONDOS FIRST QUARTER 2015 COMPARISON TO FIRST QUARTER 2014 Price Point Under $250,000
$250,001 to $500,000
Over $500,000
Total
Year
Condos Sold
Current Listings
Month’s Supply
Average Price
2015
113
145
3.8
$76,555
2014
124
181
4.4
$70,707
Change
-8.9%
-19.9%
-12.1%
8.3%
2015
4
8
6
$374,375
2014
2
5
7.5
$425,000
Change
100%
60%
-20%
-11.9%
2015
2
5
7.5
$635,000
2014
0
4
N/A
N/A
Change
200%
25%
N/A
N/A
2015
119
158
4.0
$95,951
2014
126
190
4.5
$76,331
Change
5.6%
-16.8%
-12%
25.7%
EXCLUSIVELY PRESENTING:
$599,900
$549,900
2873 St. Barts Square
5160 Rosewood Lane
ANTILLES • VERO BEACH
ROSEWOOD COURT • VERO BEACH
$400,000
BLACK BEAR RESERVE • VERO BEACH
4590 Kodiak Drive
$369,999
$350,000
$340,000
6545 36TH PLACE
886 44th Court
6120 56th Avenue
OAK CHASE • VERO BEACH
GLENDALE LAKES • VERO BEACH
EAGLE TRACE • VERO BEACH
WE INVITE YOU TO VIEW OUR ENTIRE COLLECTION AT: FLColdwellBanker.com
PRSRT SSTD ECRWSS U.S. POSTAGE PAID EDDMRETAIL
A SELECTION OF RECENT SOLDS:
Listing Price $399,900
SEMINOLE SHORES • VERO BEACH
SOLD for $375,000 Listing Price $375,000
DIAMOND COURT VILLAGE • VERO BEACH
4207 Diamond Square
2170 Seminole Shores Lane
Listing Price $375,000
SOLD for $350,000 Listing Price $359,000 SOLD for $348,000 Listing Price $249,000 SOLD for $245,000
PEBBLE BAY ESTATES • VERO BEACH
4636 Pebble Bay Estates
C
ASHLEY LAKES • VERO BEACH
4455 65th Drive
VERO PARK • VERO BEACH
1305 34th Avenue
oldwell Banker Paradise is the largest real estate brokerage firm in the area, with 9 offices serving St. Lucie, Indian River and Brevard Counties. We are commited to providing the highest level of real estate services to our clients.
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.
VERO BEACH ISLAND PREVIEWS 772.778.2029
SOLD for $375,000
772.231.4880
SEBASTIAN 772.589.7777
N. HUTCHINSON 772.464.7007