Vero Beach Mainland Mid-Year Market Report
RECENTLY SOLD J.Vance Brinkerhoff, REALTOR® 772-913-3426 • Vanco2@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
925 32nd Avenue
534 53rd Square
SOLD $287,000
Homes are selling fast! Call to see how much your home is worth! Call Vance Brinkerhoff Today at 772-913-3426
1358 Lexington Square
SOLD $290,000 5251 4th Place
3256 59th Avenue
Vance Brinkerhoff has claimed absolute Top 5% Producer status since his start with Coldwell Banker Paradise Realtors 18 years ago He has sold over $100 Million in properties throughout his career, yet, his demeanor is understated and his character so hugely generous that long time colleagues and newcomers alike feel comfortable seeking his advice. His Coldwell Banker Paradise co-workers repeatedly vote him Best Team Player. With experience in residential, condominium and commercial sales, Vance is unrivaled in his negotiation skills and remains dedicated to excellent service for his customers.Vance Brinkerhoff’s list of professional certifications include: Relocation Specialist; Seniors Real Estate Specialist; Cartus Network Affinity Specialist; Coldwell Banker Global Luxury Specialist; New Home Sales Professional; e-Marketing Specialist; Negotiation Specialist; Residential Construction; 203K Specialist and he holds the designation as an Accredited Buyer’s Representative. Affiliated with the National, Florida and Indian River Associations of Realtors, Vance also has been inducted into the prestigious Coldwell Banker International Diamond Society, the International President’s Circle, and the International President’s Elite.
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 Vance Brinkerhoff, REALTOR at 772913-3426. With eleven offices covering 135 miles of Florida’s East power for those purchasing with loans by 30%, today’s Coast, Coldwell Banker Paradise is the largest full service real interest rates are still low in comparison to historical rates. estate company in the area.