2014 Vero Beach Mainland Mid-Year Market Report

2014 Vero Beach Mainland Mid-Year Real Estate

MARKET REPORT

1825 44th Avenue Vero Beach Offered at $599,900

VERO BEACH 1950 US Hwy. 1 772.778.2029

ISLAND PREVIEWS 4625 Hwy. A1A 772.231.4880

SEBASTIAN 1209 US Hwy. 1 772.589.7777

N. HUTCHINSON 4007 N. Hwy. A1A 772.464.7007

2014 Vero Beach Mainland 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, our 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

VERO BEACH MAINLAND SINGLE FAMILY HOMES MID-YEAR 2014 COMPARISON TO MID-YEAR 2013 Price Point Under $250,000

$250,001 to $500,000

Over $500,000

Total

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

2014

676

373

3.3

$125,576

2013

604

573

5.7

$125,441

Change

+12%

-35%

-42%

0%

2014

136

220

9.7

$325,695

2013

133

226

10.2

$328,030

Change

+2%

-3%

-5%

-1%

2014

18

60

20

$677,211

2013

18

63

21

$629,472

Change

0%

-5%

-5%

+8%

2014

830

653

4.7

$170,330

2013

755

862

6.9

$173,143

Change

+10%

-24%

-32%

-2%

VERO BEACH MAINLAND CONDOS MID-YEAR 2014 COMPARISON TO MID-YEAR 2013 Price Point

Year

Condos Sold

Current Listings

Month’s Supply

Average Price

2014

262

156

3.6

$73,794

2013

239

217

5.4

$68,333

Change

+10%

-28%

-33%

+8%

2014

2

6

18

$425,000

2013

2

8

24

$375,000

Change

0%

-25%

-25%

+13%

2014

1

3

18

$725,000

2013

6

3

3

$608,583

Change

-83%

0%

+500%

+19%

2014

265

165

3.7

$78,891

2013

247

228

5.5

$83,803

Change

+7%

-28%

-33%

-6%

Under $250,000

$250,001 to $500,000

Over $1,000,000

Total

EXCLUSIVELY PRESENTING:

$520,000

$460,000

$399,900

4800 16th Street

4336 Summer Breeze Terrace

7025 57th Street

DOCTOR’S ROW • VERO BEACH

VERO BEACH

VERO BEACH

$389,500

$389,000

$227,000

2254 5TH Court, SE

242 Oak Hammock Circle

210 Champagne Court, SW

VERO BEACH

VERO BEACH

VERO BEACH

WE INVITE YOU TO VIEW OUR ENTIRE COLLECTION AT: FLColdwellBanker.com

PRSRT SSTD ECRWSS U.S. POSTAGE PAID EDDMRETAIL

A SELECTION OF RECENT SOLDS:

Listing Price $260,000

SYLVAN LAKES • VERO BEACH

SOLD for $235,000 Listing Price $349,000

DIAMOND LAKE • VERO BEACH

5180 Sapphire Lane

3944 58th Circle

Listing Price $195,000

SOL D I N 3 0 DAYS !

SOLD for $175,000 Listing Price $198,500 SOLD for $198,500 Listing Price $337,900 SOLD for $329,000 FALCON TRACE • VERO BEACH

POINTE WEST • VERO BEACH

1875 Grey Falcon Circle, SW

7598 14th Lane

C

WATERWAY VILLAGE • VERO BEACH

5274 Eleuthra Circle

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

SOLD for $340,000

772.231.4880

SEBASTIAN 772.589.7777

N. HUTCHINSON 772.464.7007