Snap Shot of Our Local Real Estate

  • By 7030892466
  • 08 May, 2017

March Statistic for Indian River County

Prices are up, More properties were sold and Inventory is down.  This is a Seller's Market!

March of 2017 Closed Sales - 305 Single Family Homes   Median Price -  $222,900
March of 2016       "           "         236       "            "              "                 "           "        $189,375
Inventory 2017    1333
Inventory 2016    1414

March of 2017 Closed Sales -  77  Condominiums    Median Price -  $130,000
March of 2016       "           "          63        "           "                   "            "         $108,000
Inventory 2017   358
Inventory 2016   399

Source:  Realtors Association of Indian River County





The Live Now Team Blog

By 7030892466 23 May, 2017

Florida’s housing market reported more closed sales, higher median prices and more pending sales during the first quarter of 2017, according to the latest housing data released by Florida Realtors® . Closed sales of single-family homes statewide totaled 60,733 in 1Q 2017, up 5.1 percent over the 1Q 2016 figure.

Buyer Demand is continuing to increase, yet inventory of homes remains tight in local markets.  This is putting prices higher and in some cases resulting in multiple offers on properties.  By working closely with a Realtor®  who knows local market conditions and trends, consumers have an expert in their corner whether selling or looking to find their dream home.”   The Live Now Team sells 100's of home per year and know the Sebastian and Vero Beach Markets very well.  We can guide through the entire process of buying or selling your home.

“A shortage of both new and existing homes for sale throughout much of the state continues to drive the Florida housing market narrative in 2017,” said Florida Realtors Chief Economist Dr. Brad O’Connor. “New listings of existing single-family homes in the first quarter were only up one percent relative to the same quarter last year, while the number of closed sales increased by over five percent, thanks in large part to a record-breaking March.   The Live Now Team closed 18 homes in March and 14 homes in April.

“Homes are also selling faster this year. In our local market we are seeing homes go under contract within one to two weeks, with some in a matter of 1-4 days .   Based on these figures, it’s not altogether surprising that the current supply of single-family homes for resale is down by about 5 percent, year-over-year. The rate of new construction in Florida, meanwhile, is increasing but is still well below its historical norms, so relief is not on the immediate horizon.”

According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 4.17 percent for 1Q 2017, compared to 3.74 percent average recorded during the same quarter a year earlier.



By 7030892466 08 May, 2017
Prices are up, More properties were sold and Inventory is down.  This is a Seller's Market!

March of 2017 Closed Sales - 305 Single Family Homes   Median Price -  $222,900
March of 2016       "           "         236       "            "              "                 "           "        $189,375
Inventory 2017    1333
Inventory 2016    1414

March of 2017 Closed Sales -  77  Condominiums    Median Price -  $130,000
March of 2016       "           "          63        "           "                   "            "         $108,000
Inventory 2017   358
Inventory 2016   399

Source:  Realtors Association of Indian River County





By preston.filbert 22 Mar, 2017
I have finally decided to take the plunge and add a blog to my site. I always wanted an easy way to share information with visitors and I’m super excited to start this journey. Keep coming back to my site and check for updates right here on the blog.
By preston.filbert 22 Mar, 2017
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