Vm flipbook 2nd qtr

2016 Vero Beach Mid-Year Real Estate

MARKET REPORT 1950 US-1 Vero Beach, FL 32960

4625 Highway A1A Vero Beach, FL 32963

772-778-2029

772-231-4880

1209 US-1 Sebastian, FL 32958

772-589-7777

Vero Beach

Mid-Year Comparison 2016 to 2015 Price Determines Movement of Vero Beach Homes in 2016 Supply of available single family homes for sale is significantly decreasing in the Vero Beach Housing Market, with overall inventory declining -39.2% over last year’s numbers. With fewer homes for sale, prices are slowly but steadily increasing, with modest gaines leading to a 10.1% overall increase in average price. However, the lack of inventory has also started



812 -11.9% Homes Sold

impacting sales, which have slowed -11.9% over last year. Pricing a home to sell is key in this market.

Average Price +10.1%

$221K

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

2016

567

190

2.0

$155,240

2015

683

362

3.5

$139,572

Change

-17.0%

-47.5%

-46.2%

+11.2%

2016

215

166

4.6

$324,958

2015

203

244

10

$330,987

Change

+5.9%

-32.0%

-53.7%

-1.8%

2016

30

54

10.8

$727,384

2015

36

68

10.5

$632,663

Change

-16.7%

-20.6%

+2.9%

+15.0%

2016

812

410

3.0

$221,363

2015

922

674

5.0

$200,970

Change

-11.9%

-39.2%

-39.4%

+10.1%

Your Housing Forecast!

Inventory Driving Sales Pace and Pricing for Condos

FOR SELLERS:

SUNNY WITH POSSIBLE RAIN! Your home could be the one that buyers are waiting for!

Let’s work together while the market is STILL HOT !

With inventory levels dipping -18.3% this quarter for Vero Beach

FOR BUYERS & INVESTORS:

condos, sales are down -17.6%

Skies not so clear...With inventory tight, it takes an experienced and savvy realtor to navigate! Let us be your GUIDE!

compared to this time last year.

As a result of the tight inventory, prices are increasing at most

CALL US TO FIND OUT HOW MUCH YOUR HOME IS WORTH IN THIS TIGHT MARKET! 772-778-2029

levels with an overall 25% increase leading to a healthy yet competitive market, resulting in good news for sellers, as buyers will be hungry for appropriately priced properties.

CONDOS Price Point Under $250,000

$250,001 to $500,000

Over $500,000

Total

Year

Condos Sold

Current Listings

Month’s Supply

Average Price

2016

227

92

2.4

$91,917

2015

280

114

3.8

$80,702

Change

-18.9%

-19.3%

-36.0%

+13.9%

2016

5

5

6.0

$307,400

2015

6

9

6.0

$367,083

Change

16.7%

-44.4%

0.0%

-16.3%

2016

7

6

5.1

$795,071

2015

4

3

7.5

$589,750

Change

+75.0%

+100.0%

-31.4%

+34.8%

2016

239

103

2.6

$117,019

2015

290

126

4.0

$93,648

Change

-17.6%

-18.3%

-35.4%

+25.0%

R E C E N T LY S O L D P R O P E R T I E S :

$425,000

7835 SW 1st Street

$360,000

2780 Grand Isle Way

$339,500

5474 Barbados Square

E X C L U S I V E LY P R E S E N T I N G :

$840,000

2234 5th Court

$599,000

471 28th Court

$450,000

5605 69th Street

A B O U T C O L DW E L L B A N K E R PA R A D I S E : Voted BEST Indian River County brokerage by the readers of Treasure Coast Newspapers,Coldwell Banker Paradise is the oldest and largest, full service real estate company on the Space and Treasure Coast. Originally established by Ed and Marguerite Schlitt over 63 years ago in Vero Beach, the company is now owned by sister and brother team Linda Schlitt Gonzalez and Steven Schlitt. We are proud to boast that we have over 270 savvy real estate agents and 48 full time staff, including an exceptional fully staffed marketing department.We represent luxury, residential and commercial properties, along with having a property management division in each of our ten offices.

C O L D W E L L

B A N K E R

P A R A D I S E

www.flcoldwellbanker.com