2014 Sebastian Mid-Year Market Report

2014 Sebastian River Area Mid-Year Real Estate

MARKET REPORT

11140 US Highway 1 Floravon Shores • Sebastian Offered at $1,695,000

VERO BEACH ISLAND PREVIEWS SEBASTIAN N. HUTCHINSON 1950 US Hwy. 1 772.778.2029

4625 Hwy. A1A 772.231.4880

1209 US Hwy. 1 772.589.7777

4007 N. Hwy. A1A 772.464.7007

2014 Sebastian River Area Mid-Year Real Estate Report As specialists in our area, we are pleased to present mid-year key market indicators impacting local real estate values this year. We use this information to forecast market trends that are likely to occur throughout the year. Buyers, sellers and homeowners can make informed decisions based on current and comprehensive information specific to our area.

Historically, both the housing market and economy have been cyclical. After years of declining real estate values, stabilization is finally at hand. The indicators reflect mixed results for mid-year 2014 compared to the same time period a year earlier. Sales activity in most categories increased, and inventory levels remained close to stable, or decreased. However changes in the average sales prices varied in different market segments. The overall data suggests that a positive change in our local real estate market is well underway.

We invite your inquiries and welcome the opportunity to be of service to you. Please contact us directly at our Vero Beach US 1 office 772-778-2029, our Island Previews office 772-231-4880, Sebastian office 772-589-7777 or our North Hutchinson office 772-464-7007.

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

SEBASTIAN RIVER AREA SINGLE FAMILY HOMES MID-YEAR 2014 COMPARISON TO MID-YEAR 2013 Price Point Under $100,000

$100,001 to $250,000

$250,001 to $500,000

Over $500,001

Total

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

2014

97

43

2.7

$76,379

2013

145

103

4.3

$73,466

Change

-33%

-58%

-37%

+4%

2014

281

169

3.6

$156,393

2013

211

207

5.9

$151,194

Change

+33%

-18%

-39%

+3%

2014

17

38

13.4

$344,332

2013

10

45

27

$330,750

Change

+70%

-16%

-50%

+4%

2014

3

15

30

$665,000

2013

3

22

44

$530,000

Change

0%

-32%

-32%

+25%

2014

398

265

4

$148,753

2013

369

377

6.1

$128,603

Change

+8%

-30%

-34%

+16%

* Sold

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For over 25 years we have listed and sold more properties than any other brokerage in Indian River, St. Lucie and Brevard Counties

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*Based on number of homes listed and sold as reported by the MLS systems as taken from Terradatum in Indian River, St. Lucie and Brevard Counties from January 1 - December 31, 2013

EXCLUSIVELY PRESENTING:

$595,000

$449,000

$393,000

12825 83rd Avenue

13620 Old Dixie Highway

1835 VIP Vacation Island Playground

$369,000

$350,000

$304,000

104 King Fisher Way

7240 US Highway 1

5681 US Highway 1

RIVERFRONT • SEBASTIAN

LAKEFRONT • SEBASTIAN

RIVERFRONT • SEBASTIAN

RIVERFRONT • GRANT

RIVERFRONT • GRANT

RIVERFRONT • GRANT

WE INVITE YOU TO VIEW OUR ENTIRE COLLECTION AT:

FLColdwellBanker.com

PRSRT SSTD ECRWSS U.S. POSTAGE PAID EDDMRETAIL

A SELECTION OF RECENT SOLDS: S O LD IN 2 1 DAYS!

Asking Price $379,000

LAUREL PRESERVE • SEBASTIAN

SOLD for $370,000 Asking Price $449,000

RIVER ISLAND • SEBASTIAN

SOLD for $408,000

9426 52nd Court

102 Wood Stork Way

SO LD I N 1 8 DAYS!

Asking Price $249,000

SOLD for $249,100

SEBASTIAN RIVER LANDING • SEBASTIAN

114 Stony Point Drive

C

Asking Price $239,000 SOLD for $230,000 Asking Price $219,995 SEBASTIAN HIGHLANDS • SEBASTIAN

444 Rolling Hill Drive

1306 Teaberry Lane

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.

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 772.778.2029

772.231.4880

SEBASTIAN 772.589.7777

SOLD for $215,000

SEBASTIAN HIGHLANDS • SEBASTIAN

N. HUTCHINSON 772.464.7007