| SEBASTIAN AREA REAL ESTATE MARKET REPORT | |||||
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Presented by; Ed Junker, CPA, GRI, TRC, Broker Associate, RE/MAX Riverside |
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| UNITS SOLD | SELLING | PRICE | INVENTORY | MONTHS | |
| (Last 6 Mos.) | HIGH | LOW | (8/26/2009) | SUPPLY | |
| ------------(Per Indian River County MLS)-------------- | |||||
| HOMES | |||||
| RIVERFRONT | 2 | 725,000 | 710,000 |
35 |
105 |
| COLLIER CLUB | 10 | 250,000 | 169,000 | 9 | 5 |
| SEBASTIAN HIGHLANDS | 135 | 248,500 | 33,900 | 166 | 7 |
| VERO LAKE ESTATES | 65 | 215,000 | 36,750 | 62 | 6 |
| OTHER | 38 | 83 | 13 | ||
| TOTAL HOMES | 250 | 725,000 | 17,000 | 355 | 9 |
| CONDOS | |||||
| RIVER RUN | 2 | 225,000 | 150,000 | 8 | 24 |
| REFLECTIONS | 7 | 162,000 | 107,000 | 16 | 14 |
| PELICAN POINTE | 5 | 165,000 | 89,500 | 9 | 11 |
| INLET AT SEBASTIAN | 11 | 169,000 | 116,000 | 15 | 8 |
| OTHER | 5 | 10 | 12 | ||
| TOTAL CONDOS | 30 | 225,000 | 48,000 | 58 | 12 |
| Still many great investments to choose from at great low prices. Now is the time to make money by buying low. | |||||
| Interest rates are still relatively low and the first time home buyer tax credit is available till December 1, 2009. | |||||
| A high percentage of the inventory of homes are "short sales", many of which I expect to become foreclosures. | |||||
| I expect home prices to stabilize now, then begin to rise next year as we sell off the foreclosures. | |||||
| Condos and riverfront homes have not yet begun to move as quickly, but the psychology of the market is changing | |||||
| and I expect them to start to move by next spring and their prices to begin rising about a year from now. | |||||
| How is your slice of paradise? | |||||
| Call or email me for your free comparative market analysis today! |
For your slice of paradise in the Sebastian area call on Ed Junker, CPA, TRC, GRI, Broker Associate at RE/MAX Riverside. For personalized professional real estate service you can trust.
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