Vero Beach Mainland EDDM - Feb 2018

Vero Beach

RECENTLY SOLD

SOLD $684,750

SOLD $675,000

www.FLColdwellBanker.com

SOLD $615,000

11 Dolphin Drive

3 Seagull Avenue

SOLD $500,000

SOLD $450,000

SOLD $440,000

2401 Victory Blvd.

900 Royal Palms Drive

2525 Fairway Drive

SOLD $380,000

SOLD $374,000

SOLD $369,000

3390 Buckinghammock Trail

685 Catalina Street

23 Seahorse Lane

1765 34th Avenue

Homes selling fast!

Call to see how much your home is worth!

772-778-2029 SOLD $350,000

SOLD $319,000

2505 Fairway Drive

2232 Bonita Avenue

VERO BEACH ISLAND OFFICE 4625 Florida A1A Vero Beach, FL 32963 772-231-4880 SEBASTIAN OFFICE 1209 US-1 Sebastian, FL 32958 772-589-7777

VERO BEACH OFFICE 19 50 US-1 Vero Beach, FL 32960 772-778-2029

www.FLColdwellBanker.com

MARKET REPORT

2017 Vero Beach Year End Real Estate Price Point

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

Condos Sold

Current Listings

Month’s Supply

Average Price

Under

2017

1146

187

2.0

$166,069

424

83

2.3

$103,752

$250,000

2016

1164

177

1.8

$159,153

413

91

2.6

$94,405

Change

-1.5%

+5.6%

+11.1%

+4.3%

+2.7%

-8.8%

-11.5%

+9.9%

$250,001 to

2017

644

247

4.6

$322,717

28

92

3.9

$313,461

$500,000

2016

437

250

6.9

$330,076

13

10

9.2

$354,077

Change

+47.4%

-1.2%

-33.3%

-2.0%

+115.4%

+820.0%

-57.6%

-11.5%

Over

2017

93

94

12.1

$666,453

12

5

5.0

$618,667

$500,000

2016

62

100

19.4

$673,224

8

8

12.0

$817,563

Change

+50.0%

-6.0%

-37.6%

-1.0%

50.0%

-37.5%

-58.3%

-24.3%

2017

1883

528

3.4

$244,966

464

180

4.7

$129,724

2016

1663

527

3.8

$223,233

434

109

3.0

$115,513

Change

+13.2%

+0.2%

-10.5%

+9.7%

+6.9%

+65.1%

+56.7%

+12.3%

Total

Vero Beach Still Idyllic Destination for Many Vero Beach is still the lifestyle destination of choice for many on the Space and Treasure Coast, and the 2017 housing market verified this as units sold rose by over 13% and prices grew by over 10% while inventory levels slipped to barely over a three months supply. In the starter housing market, for those homes priced under $250k, there are still homes available but they sell on average in under two months. In this kind of high activity market, buyers have to act quickly and offer high. With inventory continuing to be tight in this

price point, price appreciation should be close to double digits unless significant numbers of new construction is added.

Pricing a home correctly remains one of the determining factors on if your Vero Beach home will sell quickly. Call your favorite Coldwell Banker Paradise agent for your free home evaluation today. Or call our offices at 772-778-2029.

With eleven offices covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise is the largest full service real estate company in the area.