Vero Beach Island Mid-Year Market Report 2015

2015 Vero Beach Island Mid-Year Real Estate

M A R K E T R E P O RT

132 Anchor Drive,The Moorings Offered at $2,590,000

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 Mid-Year Comparison 2015 to 2014 Island Properties Remain Quality Investment with Steady Increases Across the Treasure and Space Coast, island properties,

As for condominiums, the market is moving both condominiums and single family homes, are a solid consistently upwards, with average prices increasing investment, with steady price increases, reports Coldwell almost 6% and inventory levels down almost 17% Banker Paradise in their just released Mid-Year Market on average.

Report for 2015. With inventory levels dropping again

With nine offices from Jensen to Cocoa across most segments, “we are likely to see prices (and Beach and an agent base of 240, Coldwell Banker therefore owner’s equity) steadily increase,” stated Paradise prides itself on providing the best market Co-Owner and Broker Linda analysis available to home buyers and Gonzalez. Gonzalez reports, “you Steady price increases and sellers through its Quarterly Market can see that with the overall 7% Reports and it’s knowledgeable agents. tight inventory keeps the gain in the average price.”

“Our agents are the experts, they are in Island market improving “The good news is that the neighborhoods, seeing what is selling month over month. homeowners have regained and why. Want to know what is happening essential equity, and new owner’s in your neighborhood, as compared to continue to take advantage of the lower interest rates,” your surrounding county and the region? Ask our added Gonzalez, “with the likelihood that interest rates agents today,” urged Gonzalez. You can reach our will increase, now is the time to act.”

Island Previews office at 772-231-4880.

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

2015

87

57

3.9

$365,283

2014

99

96

5.8

$350,125

Change

-12.1%

-40.6%

-32.4%

+4.3%

2015

90

99

6.6

$672,897

2014

84

98

7.0

$707,478

Change

+7.1%

+1%

-5.7%

-4.9%

2015

69

144

12.5

$2,196,540

2014

61

136

13.4

$2,162,197

Change

+13.1%

+5.9%

-6.4%

+1.6%

2015

246

300

7.3

$991,470

2014

244

330

8.1

$926,266

Change

+.8%

-9.1%

-9.8%

+7%

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

2015

120

68

3.4

$273,852

2014

149

107

4.3

$262,869

Change

-19.5%

--36.4%

-21.1%

+4.2%

2015

21

25

7.1

$648,738

2014

33

36

6.5

$705,810

Change

-36.4%

-30.6%

+9.1%

-8.1%

2015

8

14

10.5

$1,723,063

2014

6

19

19

$1,594,166

Change

+33.3%

-26.3%

-44.7%

+8.1%

2015

149

107

4.3

$404,498

2014

188

162

5.2

$383.108

Change

-20.7%

-34%

-16.7%

+5.6%

What is my home or condo worth in today’s market?

Did you know that some online comparative analysis tools can be more than 10% off? Only an expert in the local market can offer truly accurate local market analysis. As deep-rooted community members and leaders, Coldwell Banker Paradise agents have the big picture view, they know what sells and why, for what price, and how to get the most out of the market, both for buyers and a sellers. With Coldwell Banker Paradise agents you can trust that they are giving you the best information, the best service and the best experience available.

Call today to find out what your home is really worth at 772-231-4880.

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

VERO BEACH ISLAND $2,590,000 Swank remodel completed in 2014. $749,900 Gourmet kitchen, wood floors and custom finishes highlight this perfect pool home.

Over 5,000 sf +/-. Well protected deep water dockage.

THE MOORINGS

INDIAN RIVER SHORES $675,000 3/3 Renovated home. 2 Beautiful Club houses with deeded beach access, river access and clay tennis courts.

flcoldwellbanker.com

PRSRT SSTD ECRWSS U.S. POSTAGE PAID EDDMRETAIL

A SELECTION OF RECENT SOLDS:

Vero Beach Island, 2245 Beachside Lane $649,000

Vero Beach Island, 1005 Isla Verde Sq $860,000

THE RIGHT REPRESENTATION MAKES ALL THE DIFFERENCE Coldwell 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 with comprehensive regional marketing.

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.

C O L D W E L L

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