Vero Beach Mainland Mid-Year Market Report
RECENTLY SOLD
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! 772-778-2029 SOLD $290,000 5251 4th Place
SOLD $287,000 3256 59th Avenue
VERO BEACH OFFICE 1950 US-1 Vero Beach, FL 32960 772-778-2029
www.FLColdwellBanker.com 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 us at 772-778-2029. With eleven offices power for those purchasing with loans by 30%, today’s covering 135 miles of Florida’s East Coast, Coldwell Banker interest rates are still low in comparison to historical rates. Paradise is the largest full service real estate company in the area.