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2015 Sebastian River Area Third Quarter Real Estate
M A R K E T R E P O RT
A SELECTION OF RECENT SOLDS:
Sebastian 189 Joy Haven Lane
$232,000
Sebastian 313 Briarcliff Circle
$230,000
Sebastian 566 Belfast Terrace
$215,000
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.
ISLAND PREVIEWS
4625 Hwy. A1A
772.231.4880
C O L D W E L L
VERO BEACH
MAINLAND
772-778-2029
B A N K E R
VERO BEACH
ISLAND
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
SEBASTIAN
1209 US Hwy. 1
772.589.7777
VERO BEACH
1950 US Hwy. 1
772.778.2029
MELBOURNE
232 Fifth Ave, Indialantic
321.951.3300
Sebastian River Area
3rd-Quarter 2015 Comparison to 2014
Inventory Declining for Sebastian Properties
Driving both Prices and Value Up
For Sebastian homeowners who have been waiting for the
market to recover, for both prices and equity to increase, the
timing is right to consider putting your property on the market,
reports Coldwell Banker Paradise in their just released 3rd
Quarter Market Report for 2015.With tightening inventory at
all levels of the market, Sebastian property is selling well with an
9.3% increase over last year in homes sold in the $100k-$250K
segment.
With the steepest decline in inventory along the Eastern
I-95 corridor from St. Lucie County to Brevard County, Sebastian
property owners are seeing a resulting increase in price, with
a gain over last year of 10.9% in average price. Compared to a
statewide average inventory of 5.4 this time last year, Sebastian’s
current 2.3 months supply of single family homes stands as
significant marker in how far the housing market has come in
the last five years. In fact, properties under $100K are becoming
scarce, with only .8 months supply and those homes priced under
$250K at 2.1 months supply. “There is no doubt that buyers will
be paying more across the spectrum over the next few months,”
added Schlitt.
With prices rising and inventory tightening, homeowners have
regained essential equity.“Sellers can be confident that now is the
time to explore putting their house on the market. If a homeowner
hasn’t looked into how much their house might be worth, they will be
pleasantly surprised,” stated Coldwell Banker Paradise Co-Owner and
Broker Steven Schlitt.
As a market leader, with cutting edge tools, and information available
to them, Coldwell Banker Paradise agents are uniquely positioned to
offer customized market analysis to their clients, on a one-on-one basis.
Voted favorite Indian River brokerage by the readers of Treasure Coast
Newspapers, Coldwell Banker Paradise prides itself on providing the
best market knowledge available to home buyers and sellers through its
Quarterly Market Reports and it’s knowledgeable 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, as
compared to your surrounding county and the region? Ask our agents
today,” urged Schlitt. Call our Sebastian office at: 772-589-7777.
E XC LU S I V E LY P R E S E N T I N G :
SINGLE FAMILY HOMES
Price Point
Under
$100,000
$100,001 to
$250,000
$250,001 to
$500,000
Over
$500,000
Total
W
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
2015
106
10
0.8
$75,985
2014
141
36
2.3
$74,869
Change
-24.8%
-72.2%
-63.1%
+1.5%
2015
432
102
2.1
$160,233
2014
374
162
3.9
$155,672
Change
+15.5%
-37.0%
-45.5%
+2.9%
2015
60
31
4.7
$315,446
2014
33
41
11.2
$319,862
Change
+81.8%
-24.4%
-58.5%
-1.4%
2015
4
13
29.3
$546,250
2014
3
16
48
$665,000
Change
+33.3%
-18.8%
-39.1%
-17.9%
2015
602
156
2.3
$163,433
2014
551
255
4.2
$147,601
Change
+9.3%
-38.8%
-44.5%
+10.7%
SEBASTIAN -$419,900 3/3.5, All bedrooms on 1st floor, library/loft
on the 2nd floor
SEBASTIAN -$230,000 SHORT SALE, gated community with a lake
view. 5/3 with plenty of closet space
SEBASTIAN -$232,500 Beautiful 3/2/2 pool home built by Holiday
Builders, Mint Condition
SEBASTIAN -$187,995 Mint 4/2 CBS that backs up to Preserve. Open
floor plan with many upgrades throughout
flcoldwellbanker.com