2015 Vero Beach Mainland End of Year Real Estate
M A R K E T R E P O RT
VERO BEACH 1950 US Hwy. 1 772.778.2029
SEBASTIAN
1209 US Hwy. 1 772.589.7777
ISLAND PREVIEWS N. HUTCHINSON 4625 Hwy. A1A 772.231.4880
4007 N. Hwy. A1A 772.464.7007
Vero Beach Mainland 2015 Year End Report Higher Prices and Higher Home Values Dominate the Vero Beach Housing Market With inventory down 29% and prices up 11.3%,Vero Beach’s gain of 32% over this time last year, “condo owners housing market continues to bode well for seller’s looking to will be pleased to see their appreciation rising,” stated time the market just right, reports Coldwell Banker Paradise Schlitt Gonzalez. With a lack of available homes, now is in their just released Year End Market Report for 2015. precisely the right time for homeowners to explore just In general, 2015 was a healthy year for the housing market: what their house might be worth. How can someone many homeowners regained essential equity, and housing find out what their house might be worth? You can prices across the board steadily go online, but studies have shown that With a lack of available homes, estimates from national online sources increased. Sales and inventory decreased the now is precisely the right time for can be as much as 21% off – the only real most for single family homes in the number a homeowner can trust is from homeowners to explore just what under $250K market while prices a reputable, professional Realtor who their house might be worth. for that segment increased the most, specializes in their neighborhood. with a 10% boost over last year. In Voted favorite Indian River County contrast, both sales and inventory brokerage by the readers of Treasure increased in Vero Beach for those Coast Newspapers, Coldwell Banker properties over $250K and $500K. “The good news is that Paradise prides itself on providing the best market consumers can get more house for their dollar at this level of knowledge available to home buyers and sellers through the market,” added Schlitt Gonzalez. its Quarterly Market Reports and it’s knowledgeable With both investors and newly retired baby boomers agents. “Our agents are the experts, they are in the vying for condos priced under $250k, sales and average price neighborhoods, seeing what is selling and why. Ask our were up, while inventory was down reflecting the continued agents today,” urged Schlitt. You can reach our Vero thirst for the more affordable units. With an overall price Beach office at 772-778-2029.
SINGLE FAMILY HOMES 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
1291
215
2.9
$142,792
2014
1304
393
3.6
$129,803
Change
-1.0%
-45.3%
-44.5%
+10%
2015
401
241
7.2
$325,848
2014
295
234
9.5
$328,865
Change
+35.9%
+3.0%
-24.1%
-0.9%
2015
55
72
15.7
$648,870
2014
37
53
17.2
$662,060
Change
+48.6%
+35.8%
-8.7%
-2.0%
2015
1747
528
3.6
$200,743
2014
1639
691
5.1
$180,418
Change
+6.6%
-23.6%
-28.9%
+11.3%
CONDOS Price Point
Year
Condos Sold
Current Listings
Month’s Supply
Average Price
2015
480
116
2.9
$82,820
2014
356
163
4.1
$77,895
Change
+34.8%
-28.8%
-29.3%
+6.3%
2015
14
8
6.9
$325,714
2014
2
6
27.0
$425,000
Change
+600%
+33.3%
74.6%
-23.4%
2015
9
5
6.7
$851,556
2014
0
5
0
$0
Change
+100%
0%
+100%
+100
2015
503
129
3.1
$103,335
2014
358
163
4.1
$77,895
Change
+40.5%
-20.9%
-24.9%
+32.7%
Under $250,000
$250,001 to $500,000
Over $500,000
Total
E X C L U S I V E LY P R E S E N T I N G :
VERO BEACH - $699,000
VERO BEACH - $650,000 As seen on cover!
VERO BEACH - $1,100,000
VERO BEACH - $795,000
www.flcoldwellbanker.com
PRST STD ECRWSS U.S. POSTAGE
PAID
STUART, FL PERMIT NO. 274
RESIDENTIAL CUSTOMER
A SELECTION OF RECENT SOLDS:
Vero Beach 1025 Ansley Ave $355,000
Vero Beach 1415 50th Court $525,000
Vero Beach 5730 23rd St
Vero Beach 7035 29th Court
Vero Beach 340 W Forest Trail
$442,750
$290,000
$190,000
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 63 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