Marc Gingras - 2014 Mid-Year Market Report - Sebastian

2014 Sebastian River Area Mid-Year Real Estate

MARKET REPORT

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

Marc Gingras

Cellular: 772-321-3916 Marc.Gingras@ColdwellBanker.com www.FLColdwellBanker.com/MarcGingras

Sebastian River Office 1209 US Hwy. 1 772.589.7777

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%

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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

1,600

*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

$394,000

12825 83rd Avenue

13620 Old Dixie Highway

1835 VIP Vacation Island Playground

$369,000

$350,000

$309,000

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

A SELECTION OF RECENT SOLDS: S OL D IN 2 1 DAYS!

Asking Price $379,000

LAUREL PRESERVE • SEBASTIAN

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

SOLD for $408,000

RIVER ISLAND • SEBASTIAN

9426 52nd Court

102 Wood Stork Way

S O LD I N 1 8 DAYS!

Asking Price $249,000

SOLD for $249,100

SEBASTIAN RIVER LANDING • SEBASTIAN

114 Stony Point Drive

Marc Gingras

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

444 Rolling Hill Drive

1306 Teaberry Lane

I BELIEVE HOMES ARE LIKE PEOPLE, UNIQUE IN THEIR OWN WAY, WITH A DISTINCTIVE STYLE AND PERSONALITY.

Cellular: 772-321-3916 Marc.Gingras@ColdwellBanker.com www.FLColdwellBanker.com/MarcGingras

SOLD for $215,000

SEBASTIAN HIGHLANDS • SEBASTIAN

SEBASTIAN 772.589.7777