Vb island flip book

2016Vero Vero Beach Beach Island Island 1st 1st Quarter Quarter Real Real Estate Estate 2016

M A R K E T R E P O RT

ISLAND PREVIEWS 4625 Hwy. A1A 772.231.4880

SEBASTIAN

1209 US Hwy. 1 772.589.7777

VERO BEACH N. HUTCHINSON 1950 US Hwy. 1 772.778.2029

4007 N. Hwy. A1A 772.464.7007

Vero Beach Island Comparison 2016 to 2015 The Key to Selling Your Home Quickly on Vero’s Island?

Work with a Savvy Realtor and Price It Right!

Inventory is on the rise for Vero Beach Island your home or condo, you do not have to go it alone.

Properties, reports Coldwell Banker Paradise in the This is when a relationship with a savvy real estate First Quarter Market Report for 2016. In fact,Vero agent would most benefit any homeowner. At Coldwell Beach Island has the highest inventory levels of any of Banker Paradise we have professional real estate agents the local markets on the Treasure and Space Coasts. who specialize in Vero Beach Island Properties. They are “We have a healthy month’s supply of homes and the experts because they live on the island, do business condos on the Vero Beach Island right now,” said Sharon there, send their children to school there, and have Murbarger, sales manager of the Island Previews and been studying this market for many years. “Whatever Vero US 1 office. In general the trend for homes in the you do, don’t be tricked into going onto one of those higher end of the pricing spectrum shows an increase online websites where they try to help you find out of inventory as well as a decrease in price indicating what your home is worth,” warns Murbarger, “National that buyers are not rushing studies have shown that those websites into decisions. “Buyers looking Buyers looking at higher priced can be off by as much as 21%.” at higher priced homes are Coldwell Banker Paradise prides homes are looking for value looking for value and not rushing and not rushing into decisions. itself on providing the best market into decisions. Pricing is key knowledge available to home buyers Pricing is key for sellers at this and sellers through its Quarterly for sellers at this level of the market,” added Murbarger. level of the market.

Market Reports and its experienced, “Homeowners need to evaluate how motivated they are to sell. Right now, most properties in this market are taking a year or more to sell and pricing is fundamental,” said Steven Schlitt, co-owner and broker of Coldwell Banker Paradise. When trying to determine the true value of

well-trained agents. “Our agents are the experts. They are in the neighborhoods, seeing what is selling and why. Want to know what is happening in your neighborhood? Ask our agents today,” stated Schlitt. You can reach our Island Previews office at 772231-4880.

SINGLE FAMILY HOMES Price Point Under $500,000

$500,000 to $1,00,000

Over $1,000,000

Total

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

2016

26

50

5.8

$374,542

2015

43

65

4.5

$355,476

Change

-39.5%

-23.1%

+28.2%

+5.4%

2016

29

140

14.5

$705,280

2015

21

130

18.6

$743,261

Change

+38.1%

+7.7%

-22.1%

-5.1%

2016

25

193

23.2

$1,974,560

2015

26

161

18.6

$2,243,961

Change

-3.8%

+19.9%

+24.5%

-12.0%

2016

80

383

14.4

$994,440

2015

90

356

11.9

$991,522

Change

-11.1%

+7.6%

+20.7%

+0.3%

CONDOS Price Point Under $500,000

$500,000 to $1,00,000

Over $1,000,000

Total

Year

Condos Sold

Current Listings

Month’s Supply

Average Price

2016

27

99

11.0

$303,398

2015

42

94

6.7

$271,473

Change

-35.7%

+5.3%

+64.2%

+13.6%

2016

17

41

7.2

$642,971

2015

9

24

8.0

$664,722

Change

+88.9%

+70.8%

-9.6%

-3.3%

2016

1

20

60.0

$1,025,000

2015

3

19

19.0

$1,823,333

Change

-66.7%

+5.3%

+215.8%

-43.8%

2016

45

160

10.7

$450,717

2015

54

137

7.6

$423,229

Change

-16.7%

+16.8%

+40.4%

+6.5%

E X C L U S I V E LY P R E S E N T I N G :

THE MOORINGS - $2,455,000- As Seen On Cover

VERO BEACH

$679,000 As Seen on Cover

VERO BEACH - $795,000

VERO BEACH - $650,000

flcoldwellbanker.com

A SELECTION OF RECENT SOLDS:

Smugglers Cove 1570 Smugglers Cove $578,000

C O L D W E L L

Indian River Shores, 935 Sunrise Terr $538,000

B A N K E R

VERO BEACH MAINLAND

VERO BEACH ISLAND

772-778-2029

772-231-4880

SEBASTIAN MAINLAND

772-589-7777

INDIALANTIC BREVARD 321-951-3300

P A R A D I S E NORTH HUTCHINSON 772-464-7007