Vero Beach Mainland Mid-Year Market Report
RECENTLY SOLD
Laurie Blakelock, Broker Associate - Equestrian Specialist 772-532-2706 • LBlakelock@msn.com
SOLD $615,000
260 Sea Gull Avenue
SOLD $360,000
SOLD $390,000
5728 Riverboat Circle
SOLD $335,000
www.FLColdwellBanker.com
SOLD $375,000
220 32nd Court SW
SOLD $305,000
460 40th Court SW
5441 Barbados Square
2009 Grey Falcon Circle, SW
SOLD $295,000
SOLD $295,000
SOLD $290,000
1358 Lexington Square
925 32nd Avenue
534 53rd Square
Homes are selling fast! Call to see how much your home is worth!
SOLD $290,000 5251 4th Place
SOLD $287,000 3256 59th Avenue
Laurie Blakelock Broker Associate 772-532-2706
ABOUT LAURIE: Laurie Blakelock has been an Indian River County resident for over 30 years. Originally from Dayton, Ohio, she attended the University of Kentucky because of her “love for horses.” She was as a former hunter/ jumper rider in high school. She began her professional life as a registered nurse, but started her career in real estate with Coldwell Banker Ed Schlitt in 2001 earning the GRI and ABR accreditations. After obtaining her Brokers license in 2009 she left the industry to help manage the cardiology practice of her husband Dr. Victor Rodriguez Viera. During that time she segued back into the riding scene with the rescue of her off the-track thoroughbred, New Fandan. Laurie is a big believer in equine therapy, being a founding member of Give A Buck charity organization, and a supporter of Special Equestrians of the Treasure Coast.
2018 Vero Beach Mid-Year
MARKET REPORT
Price Point
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
Condos Sold
Under
2018
566
217
2.3
$172,009
$250,000
2017
621
202
2.0
$166,155
Change
-8.9%
7.4%
17.9%
$250,001 to
2018
372
290
$500,000
2017
312
Change Over $500,000
Total
Current Listings
Month’s Supply
Average Price
234
89
2.3
$108,648
236
109
2.8
$101,250
+4%
-0.8%
-18.3%
-17.7%
+7%
4.7
$326,281
6
15
15.0
$340,833
274
5.3
$323,841
15
5
2.0
$311,160
+19.2%
+5.8%
-11.2%
+1%
-60%
+200%
+650%
+10%
2018
42
92
13.1
$706,502
3
3
6.0
$1,061,667
2017
52
89
10.3
$641,760
10
4
2.4
$620,200
Change
-19.2%
+3.4%
+28.0%
+10%
-70%
-25%
+150%
+71%
2018
980
599
3.7
$253,476.23
243
107
2.6
$126,146.63
2017
985
565
3.4
$241,210.32
261
118
2.7
$133,196.93
Change
-0.5%
+6%
+6.6%
+5%
-6.9%
-9.3%
-2.6%
-5%
The Vero Beach mainland market had healthy and safe
If the macro-economic market continues to expand, more
growth in the first half of 2018. The number of homes rate increases can be expected. First time buyers and buyers sold was stable. The inventory of homes sold rose slightly. moving into larger family homes should consider buying The average price of homes sold rose by a sustainable 5%. soon to lock in these lower rates. The statistics indicate a market that is stable and not overheated.
Inventory should keep growing since the increased rates will slow price increases. Now is a good time to get a home
Even though the inventory remains tight, with a 3.7 month on the market. supply, rising interest rates will continue to hold prices down. If you would like to find the right price for your home in today’s While the increase in interest rates has lowered buying changing market, contact Laurie at 772-532-2706. With eleven offices covering 135 miles of Florida’s East Coast, Coldwell power for those purchasing with loans by 30%, today’s Banker Paradise is the largest full service real estate company interest rates are still low in comparison to historical rates. in the area.