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