Mid Year Market Report

Vero Beach Mainland Mid-Year Market Report

RECENTLY SOLD J.Vance Brinkerhoff, REALTOR® 772-913-3426 • Vanco2@msn.com

SOLD $615,000

260 Sea Gull Avenue

SOLD $360,000

SOLD $390,000

5728 Riverboat Circle

SOLD $335,000

www.FLColdwellBanker.com

SOLD $375,000

220 32nd Court SW

SOLD $305,000

460 40th Court SW

5441 Barbados Square

2009 Grey Falcon Circle, SW

SOLD $295,000

SOLD $295,000

SOLD $290,000

925 32nd Avenue

534 53rd Square

SOLD $287,000

Homes are selling fast!

Call to see how much your home is worth!

Call Vance Brinkerhoff Today at 772-913-3426

1358 Lexington Square

SOLD $290,000 5251 4th Place

3256 59th Avenue

Vance Brinkerhoff has claimed absolute Top 5% Producer status since his start with Coldwell Banker Paradise Realtors 18 years ago He has sold over $100 Million in properties throughout his career, yet, his demeanor is understated and his character so hugely generous that long time colleagues and newcomers alike feel comfortable seeking his advice. His Coldwell Banker Paradise co-workers repeatedly vote him Best Team Player. With experience in residential, condominium and commercial sales, Vance is unrivaled in his negotiation skills and remains dedicated to excellent service for his customers.Vance Brinkerhoff’s list of professional certifications include: Relocation Specialist; Seniors Real Estate Specialist; Cartus Network Affinity Specialist; Coldwell Banker Global Luxury Specialist; New Home Sales Professional; e-Marketing Specialist; Negotiation Specialist; Residential Construction; 203K Specialist and he holds the designation as an Accredited Buyer’s Representative.

Affiliated with the National, Florida and Indian River Associations of Realtors, Vance also has been inducted into the prestigious Coldwell Banker International Diamond Society, the International President’s Circle, and the International President’s Elite.

2018 Vero Beach Mid-Year

MARKET REPORT

Price Point

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

Condos Sold

Under

2018

566

217

2.3

$172,009

$250,000

2017

621

202

2.0

$166,155

Change

-8.9%

7.4%

17.9%

$250,001 to

2018

372

290

$500,000

2017

312

Change Over $500,000

Total

Current Listings

Month’s Supply

Average Price

234

89

2.3

$108,648

236

109

2.8

$101,250

+4%

-0.8%

-18.3%

-17.7%

+7%

4.7

$326,281

6

15

15.0

$340,833

274

5.3

$323,841

15

5

2.0

$311,160

+19.2%

+5.8%

-11.2%

+1%

-60%

+200%

+650%

+10%

2018

42

92

13.1

$706,502

3

3

6.0

$1,061,667

2017

52

89

10.3

$641,760

10

4

2.4

$620,200

Change

-19.2%

+3.4%

+28.0%

+10%

-70%

-25%

+150%

+71%

2018

980

599

3.7

$253,476.23

243

107

2.6

$126,146.63

2017

985

565

3.4

$241,210.32

261

118

2.7

$133,196.93

Change

-0.5%

+6%

+6.6%

+5%

-6.9%

-9.3%

-2.6%

-5%

The Vero Beach mainland market had healthy and safe

If the macro-economic market continues to expand, more

growth in the first half of 2018. The number of homes rate increases can be expected. First time buyers and buyers sold was stable. The inventory of homes sold rose slightly. moving into larger family homes should consider buying The average price of homes sold rose by a sustainable 5%. soon to lock in these lower rates.

The statistics indicate a market that is stable and not overheated.

Inventory should keep growing since the increased rates will slow price increases. Now is a good time to get a home

Even though the inventory remains tight, with a 3.7 month on the market. supply, rising interest rates will continue to hold prices down. If you would like to find the right price for your home in today’s While the increase in interest rates has lowered buying changing market, contact Vance Brinkerhoff, REALTOR at 772913-3426. With eleven offices covering 135 miles of Florida’s East power for those purchasing with loans by 30%, today’s Coast, Coldwell Banker Paradise is the largest full service real interest rates are still low in comparison to historical rates. estate company in the area.