Vero Beach Mainland 2015 First Quarter Real Estate Market Report

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