SEBASTIAN FLORIDA HOME AND CONDO MARKET REPORT

By Ed Junker

Real Estate Agent with Re/Max Crown Realty BK3013547

August 26, 2009 04:58 AM

SEBASTIAN AREA REAL ESTATE MARKET REPORT
Presented by; Ed Junker, CPA, GRI, TRC, Broker Associate, RE/MAX Riverside
	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!