Florida's East Coast Housing Market Making Steady Strides

Vero Beach, FL, May 5, 2015 (Newswire.com) - Shrinking inventory, steady economic improvement and consumer confidence led to overall gains in the local housing market, reported Coldwell Banker Paradise, the trusted leader in Florida East Coast real estate from Jensen Beach to Cocoa Beach in its just released 2015 1st Quarter market analysis available to its agents and their clients. “Just as 2014 was a transition year from recovery to stabilization, so has 2015 started out, steady but overall positive across the board, it is just the kind of steady and slow rate of growth we like to see,” stated Co-Owner and Broker Steven Schlitt.

With nine offices serving your real estate needs from Jensen Beach to Cocoa Beach, Coldwell Banker Paradise has been family owned and operated for more than 63 years. (www.FLColdwellBanker.com). Coldwell Banker Paradise is a trusted local leader in residential and commercial real estate sales, property management and sales in niche markets such as oceanfront, riverfront, resort, new home and luxury properties. Every quarter Coldwell Banker Paradise releases market data for its agents and their clients.

"Just as 2014 was a transition year from recovery to stabilization in the housing market, so has 2015 started out, steady but overall positive across the board, it is just the kind of steady and slow rate of growth we like to see."

Steven Schlitt, Co-Owner and Broker, Coldwell Banker Paradise

Highlights from the report include: (or download a full copy of the summary.)

• On the Vero Beach mainland, single family homes saw the greatest increase in average price in those properties $250k-$600k range which resulted in a tripling in the number of homes sold over $500k from the previous year.
• On Hutchinson Island: With half as much inventory as this time last year, prices are expected to continue to increase at a stronger level for those at the lower end of the price range, but only modestly for those houses and units priced over $500k.
• For single family homes in Brevard County priced under $500k, the market supply of inventory dipped from a balanced market to a shortage of supply creating strong price increases in homes under $250k of $129k average price.

For more information, or to obtain in-depth data from any of the markets served by Coldwell Banker Paradise, please visit the Press Release section of our website or email [email protected].