2015 Vero Beach Island First Quarter Real Estate
MARKET REPORT
THE MOORINGS VERO BEACH Offered at $2,590,000
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 Vero Beach Island 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.
Realistic gains of 2-7% in the average price provide assurance of steady growth. While inventory at the lower end of the price range, under $500k sees the most movement. For single family homes and condos on Vero Beach Island average prices continued to increase, especially at the lower end of the price range. Inventory remains healthy for homes and condos priced over $500k, while inventory at the lower end of the price range, under $500k sees the most movement. Sales of properties over $1m skewed the average price increases, resulting in more realistic gains of 2-7% in the average price.
What’s my home or condo 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 Island Previews office: 772-231-4880, at our Vero Beach office: 772-772-2029, at our North Hutchinson Island office: 772-464-7007, 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 ISLAND SINGLE FAMILY HOMES YEAR END 2015 COMPARISON TO YEAR END 2014 Price Point Under $500,000
$500,001 to $1,000,000
Over $1,000,000
Total
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
2015
43
65
4.5
$355,476
2014
43
113
7.9
$348,300
Change
0%
-42.5%
-42.5%
2.1%
2015
21
130
18.6
$743,261
2014
36
141
11.8
$710,527
Change
-41.7%
-7.8%
58.1%
4.6%
2015
26
161
18.6
$2,243,961
2014
19
168
26.5
$2,379,470
Change
36.8%
-4.2%
-30%
-5.7%
2015
90
356
11.9
$991,522
2014
98
422
12.9
$875,161
Change
-8.2%
-15.6%
-8.1%
13.3%
VERO BEACH ISLAND CONDOS YEAR END 2015 COMPARISON TO YEAR END 2014 Price Point Under $500,000
$500,001 to $1,000,000
Over $1,000,000
Total
Year
Condos Sold
Current Listings
Month’s Supply
Average Price
2015
42
94
6.7
$271,473
2014
61
149
7.3
$251,956
Change
-31.1%
-36.9%
-8.4%
7.7%
2015
9
24
8
$664,722
2014
11
40
10.9
$679,159
Change
-18.2%
-40%
-26.7%
-2.1%
2015
3
19
19
$1,823,333
2014
2
24
36
$1,262,500
Change
50%
-20.8%
-47.2%
44.4%
2015
54
137
7.6
$423,229
2014
74
213
8.6
$342,771
Change
-27%
-35.7%
-11.9%
23.5%
EXCLUSIVELY PRESENTING:
$999,000
$895,000
$749,000
411 Live Oake Road
2035 Regatta Drive
1570 Smugglers Cove
$675,000
$569,000
$450,000
531 Marbrisa Drive
9165 Seasons Terrace
5536 Highway A1A
BETHEL BY THE SEA • VERO BEACH
INDIAN RIVER SHORES • VERO BEACH
THE MOORINGS • VERO BEACH
SEASONS • VERO BEACH
SMUGGLER’S COVE • VERO BEACH
LA MER CONDOMINIUMS • 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:
Asking Price $899,000
SOLD for $860,000 Asking Price $649,000
RIVER CLUB • VERO BEACH
BEACHSIDE • VERO BEACH
1005 Isla Verde Square
Asking Price $549,000
DUNMORE • VERO BEACH
2245 Beachside Lane
CONTINGENT Asking Price $525,000
CONTINGENT
OCEAN SHORES CONDO • VERO BEACH
2145 Dunmore Lane
C
4101 Ocean Drive, Unit 4A
Asking Price $365,000
1480 Ocean Drive, Unit 1D
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 772.231.4880
SEBASTIAN 772.589.7777
CONTINGENT
SOUTH COVE CONDO • VERO BEACH
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.
772.778.2029
SOLD for $649,000
N. HUTCHINSON 772.464.7007