Ft. Pierce Sunset, Photo by James DeHaven, Mac Evoy Real Estate Co. Licensed Realtor
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Greetings!
This month we are thinking about those on the West Coast of Florida and hoping they are soon recovered from Ian. We anticipate an increase in visitors to the East Coast for this coming season, and welcome those seeking rentals and housing for the upcoming months. So much is going on in the real estate market--and buyers are jumping into investment properties due to a tumultuous stock market.
We like to break the market conditions into "macro" and "micro" environments. We know that an increase in mortgage rates and increase in inventory simultaneously, is actually keeping the "micro" local real estate market conditions positive. More inventory gives buyers a greater chance at negotiating a better price, and that means that an increase in mortgage rate is less concerning. By more inventory, we are seeing literally a doubling or quadrupling of choices per price category versus 12-16 months ago at this time. We are slowly but surely moving from a robust seller’s market to a buyer’s market.
On the "macro" side of things--or looking at the broader real estate picture beyond the Treasure Coast area of Florida, we are still seeing a continuous flow of people to our market area, and this trend is not abating. Beyond that, Florida real estate is still a price value versus other states, and with more people working remotely --that trend is fueling the ability of people to move ahead of schedule to what was once only thought of by many as the retirement capital of the USA. New housing communities and land abound, and these factors also mean that housing needs for future generations can be met in the sunshine state. Our goal is making sure the environment stays green, and that wildlife and nature remains clean and flourishing while development occurs.
If we can be of service to you or anyone you know, please contact us. We love what we do and look forward to serving you and your friends and family.
BUYING & SELLING IS A JOY! CALL OUR TOLL FREE NUMBER
1-844-MAC-EVOY (622-3869).
Enjoy a wonderful October,
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Carolyn Mac Evoy
Licensed Real Estate Broker
Mac Evoy Real Estate Co.
844-Mac-Evoy (622-3869) Ext. 1
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We are wishing Happy October Birthdays to Mac Evoy Licensed Realtors:
- Paula Sue Barker on 10/13
- Neil T. Flynn on 10/15
- Michell Sparks on 10/16
- Carol A Franchini on 10/28
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Mac Evoy Real Estate Co. is very pleased to welcome
the following New Associate!
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Alycia Zalewski
Licensed Sales Associate & Mac Evoy Realtor
Cell: 860-989-7271
Office: 844-622-3869 Ext: 713
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Commercial Businesses & Properties
For Sale!
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Wonderful Retail Furniture and Collectibles Shop For Sale!
MLS# RX-10837406
1642 Old Dixie Highway Vero Beach, FL 32960
3 baths | 4000 sq. feet
ONLY $99,500
Well established vintage, antique and modern decor shop in Vero Beach. Fantastic lease in over 4000 sq. feet of first floor retail space with garage, workshop, storage, 3 baths, kitchen area, and more. 7 consignors who add income, and $30K of inventory conveys with sale. Best location! Read more.
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Kitchen & Bath Remodeling Company For Sale!
MLS# RX-259264
494 4th Place SW Vero Beach, FL 32962
Price: $2,900,000
Amazing opportunity to own a 30+ year business with consistently high and increasing earnings. Step into a full-scale, high-end operation with the #1 DISTRIBUTOR IN THE USA of high-end cabinetry. Extremely profitable - grossing 7 digits each year. 5,000 square foot building, equipment, everything included.
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Building & Turnkey Confectionary/Ice Cream Business For Sale!
MLS# RX-10818476
8905 S Us Highway 1, Sebastian, FL 32958
1 bath | 1515 sqft.
$75,000 - A turnkey Candy/Ice Cream Business FOR SALE, Sebastian Fl
$575,000 - Building, Business & Land FOR SALE, Sebastian Fl
Building ($499,000) and turnkey Confectionary/ice cream business for sale ($75,000), in a wonderful building directly on US 1 in Sebastian Florida. Property offers nearly 163 feet of US 1 frontage, with .55-acre square feet of land.
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Desirable Kitchen & Bath Remodeling business For Sale!
MLS# RX-10804629
620 Old Dixie Highway Vero Beach
$179,000
Desirable kitchen and bath remodeling co available NOW, owner retiring after 30+ years in business. Fantastic opportunity to step in to a thriving, large and profitable book of business and client list. 3000 sq ft of showroom equipped with name brand showers, tub, countertops, flooring. Turnkey operation, including fabrication, equipment, tools, materials, large Ford box truck. Owner will stay to mentor and train, as needed. Read more. Watch YouTube Video.
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Residential Properties For Sale!
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MLS# RX-10820890
8576 105th Ave., Vero Beach, FL 32967
3 beds | 2 baths | 1750 sqft
$379,900
Great home in Vero Lake Estates, great location, newer roof, and more! A MUST SEE immaculate, one owner, move-in ready home! Relax on the covered front porch. Fresh paint in and out, newer A/C. Read more.
Kristen Remling is working hard this Fall! Call her for an Updated Market Analysis on your home!
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MLS# RX-10828002
445 11th Avenue, Vero Beach, FL 32962
3 beds | 2.1 baths | 1599 sqft
$410,000
Hidden gem in desirable Malaluka Gardens. Pool home w/metal roof. Bonus room can be used as large pantry/small office. Hardieplank siding & soffits. 2022 drain field. Updated master bath w/custom cabinetry, shower and marble. Updated windows w/partial shutters/storm panels. Newer LVP, AC, gutters & appliances. Updated plumbing. Large fenced yard. Minutes to beaches and shopping and no HOA fees! Call Kristen Remling!
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105 S. Cardinal Place, Fort Pierce, FL
Reduced $569,000
Large home, country living in quiet neighborhood - no thru streets!
6 Bedrooms, 3 Bathrooms, 2,820 sq. ft. Entire property fenced. No HOA, bring your RVs, room for pool and boat storage too, yard has basketball court with light, close to I-95 and Turnpike, and yet far away. Contact Michell R. Sparks.
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MLS# RX-10796214
400 18th Street, 4 Vero Beach
2 beds | 2 baths | 1130 sqft.
$164,900
First Floor Condominium 1100 sq. ft. 2 BR in Oak Park Terrace. Hardwood floors, modern kitchen w/SS appliances, jacuzzi tub in master BR, spacious LR/DR, second BR w/walk in closet and bath, screened back porch. Complex has pool, tennis and is minutes to the beach. Read more.
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1809 42nd Ave., Vero Beach
2 beds | 1 baths | 1187 sqft.
$249,000
A Florida Style Ranch in a great location! Cozy enclosed front porch, large LR, EIK, above ground pool in very large back yard. Near to everything. Call Dante Deritis for details. Read more
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MLS# RX-10781693
2800 Indian River Boulevard, 2, Vero Beach, FL 32960
1 beds | 1.1 baths | 695 sqft.
$209,000
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Spectacular water views!
Serene water setting with manatees and wild birds, fishing out back. First floor tastefully decorated. Walk to Royal Palm Pointe (restaurants, fitness, doctors, spa), walk to bridge to Riverside Theatre, and less than 1.5 miles to the beach! A 55+ community, newer flooring and newer appliances, laundry in hallway (coin op). Contact Neil T. Flynn for details.
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7705 Grand Oak Circle, Sebastian, Florida
MLS# RX-10837411
ONLY $245,000
Largest lot located in the new subdivision of Grand Oak Estates and within a short walk to the gorgeous Indian River Lagoon, this .70 lot is ready to build on! Underground wires and cable--curbing in already, water and sewer are available. There is an HOA and it does have an architectural review board.
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MLS# RX-10804629
7250 US Highway 1, Vero Beach, FL 32967
REDUCED TO ONLY $1,250,000
The time is NOW! What a golden opportunity this commercially zoned parcel represents for you or someone you know wishing to have a retail, strip, or mixed-use center. 8 acres on US Highway 1, Vero Beach, Florida. Located on a corner, with nearly 27,000 cars a day passing by (DOT data), this offers 588 ft of highway frontage! Owner says, "Let's Make a Deal!"
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1798 Lagoon Lane Sebastian, FL 32958
REDUCED $80,000
A Great Opportunity! A 97 X 135 lot on Lagoon Lane in Sebastian. Build your dream home!!! Read more. Call Cynthia Fitzpatrick for details. |
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WATERFORD LAKES, Vero Beach
This immaculate lakefront home, is an unfurnished 4BR, and has gleaming hardwood floors throughout. Enjoy volume ceilings and freshly painted interior. All appliances and washer and dryer included. Oversized, squeaky clean 2 car garage for extra storage is a bonus! Located minutes to retail shops and restaurants, and less than 4 miles to the beach. Vacant, ready for immediate occupancy. Offered at: $2800/month. Owners FREC related. No smoking, No pets. Contact Paul Gobel at 330-651-5833 to view.
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Vista Plantation, Vero Beach
Priscilla Warren knows the 55+ Condo Market and is Making Deals!
Do you need a new home? Thinking of Selling? Contact Priscilla Warren!
Priscilla Warren | Rental & Leasing Division Manager & Licensed Sales Associate
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544 Paurotis Lane, Fort Pierce
Just Sold! We LOVE finding you and your loved ones perfect homes!
Priscilla Warren, Rental & Leasing Division Manager & Licensed Sales Associate
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2636 50th Avenue, Vero Beach, FL 32966
Spacious 3 beds | 2.1 baths | 2512 sqft tucked away in a 1.28 acre lot garden oasis
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5 Vista Garden #104, Vero Beach
We will help you and your loved ones find the perfect homes!
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Statistics developed by the REALTORS® Association of Indian River County through its Multiple Listing Service and in conjunction with Florida REALTORS® reflect the following for August 2022 /2021.
The Residential closed sales of single-family detached homes totaled 278 units for August 2022. This compares to a total of 309 units in August 2021. The median price of single-family detached homes sold by members of the REALTORS® Association of Indian River County MLS for August 2022 was $379,000. This compares to a median price of $345,000 for August 2021. Current active inventory of residential single-family detached homes totals 758 for August 2022. This compares to the active inventory of 420 for August 2021.
The Residential closed sales of condominium homes totaled 71 units for August 2022. This compares to a total of 77 units in August 2021. The median price of condominium homes sold by members of the REALTORS® Association of Indian River County MLS for August 2022 was $225,000. This compares to a median price of $210,000 for August 2021. Current active inventory of condominium homes totals 185 for August 2022. This compares to the active inventory of 123 for August 2021. Report Prepared on September 19, 2022
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$6 million St. Lucie County home was most expensive sold in August
Treasure Coast real estate: Dozens of homes have sold for millions amid the area’s booming market, catapulting sales prices this year. Article Source: Catie Wegman, Treasure Coast Newspapers. Read more. |
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Vero Beach Island 3Q Real Estate Results
In a nutshell, 3rd quarter Island real estate results can be summarized as follows:
- I have chosen not to publish median sales prices. The statistical samples are too small (e.g., # of Central Beach homes sold in 3rd Quarter is only 8). Two or three sales would tip the scales upwards or downwards. Subsequent reports would invariably show wild swings, and invalidate the integrity of my reports, so you will see "NSS" Not Statistically Sound".
- The number of properties sold is down significantly. All things being equal, when sales slow, the Month’s Supply of Inventory will increase. (If you're selling less properties per month and inventory levels stay constant, then MSI increases.) Typically inventory levels increase in the 4th quarter as sellers get ready for snowbirds flocking to Vero Beach.
- Full disclosure - I did not expect the significant drop in condo sales that occurred, as 70% of all Island condo purchases are paid in cash, so let "Powell's rate increase be damned". Gartner Group, a high-tech consultancy has coined a phrase "Fear, Uncertainty, and Doubt - FUD".
- The median days to sell is also increasing, but it still takes only 41 days to sell an Island condo. (It takes me longer to get an appointment with my psychiatrist and I'm doubling-up on visits.)
The FOMC is meeting in November and December. I expect the Fed will again raise interest rates at both of these meetings and continue with a restrictive monetary policy. Read details. |
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3rd Quarter Real Estate Results For Vero Mainland & Sebastian
If you read both charts, the thought that should come to mind is "What the heck is all this junk I'm reading in the news media?" Months’ supply of inventory favors sellers. Prices are up and inventory prices suggest more price increases to come. Just steady year-over-year increase in prices.
The FOMC is meeting in November and December. I expect the Fed will again raise interest rates at both of these meetings and continue with a restrictive monetary policy. Here's my logic - the last 3 rate increases of 75 basis points is unprecedented - there’s no way the Fed will sing the following song: https://youtu.be/OD3F7J2PeYU
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Make the Change to Good Drinking Water
& Help the Planet with Ohana Water System!
Mikey Schmitz is Co-Founder of Ohana Water Systems, a family-owned company that believes water is life. Ohana Water Systems has created a technology that takes the city's tap water or well water and turns it into drinkable PH balanced alkaline water through the entire home/business. Not only can the food you eat be medicine but the importance of hydration is crucial. We are made up of roughly 70% water and for that reason how much water you intake and what type of water you drink is extremely important. At Ohana, they believe in creating water that returns to source and bring you water as nature intended. They give water quality control back to clients to create security for their home, health, saving the environment and saving them money in the long run. Contact Mickey Schmitz for more information!
Mikey Schmitz
Co-Founder | Ohana Water Systems
M: 760.520.5204
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Coffee filters have many uses. Did you know this about coffee filters? Click below to find out some of the many uses. Who knew? (Source: Article from AmirasPantry.com Facebook post 9/29/22). Read more. |
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Shared by: Priscilla Warren, Rental & Leasing Division Manager & Licensed Sales Associate | 772.643.0266 | Priscilla@macevoy.org
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How to create good Feng Shui in your home - 10 tips for...
Benefit from the harmony and balance it brings. This is how to create good feng shui in your home
Read more
www.homesandgardens.com
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We're Hiring Real Estate Agents!
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Mac Evoy Real Estate is hiring licensed Real Estate Agents to service our buyers and sellers along Florida's Treasure Coast.
- Our agents receive 1-on-1 personalized coaching & mentoring
- Available positions for full time or part time agents
- *Unlimited potential for growth
- *Friendly and professional team
- *Leads provided to get you started and grow your sales
- *Great compensation package
All inquiries are confidential. Contact Carolyn Mac Evoy, Mac Evoy Real Estate Co. at 1-844-MAC-EVOY (622-3869), ext. #1 or via email at macevoy.realestate@gmail.com.
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Ft. Pierce Farmer's Market, Photo by James DeHaven,
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Carolyn Mac Evoy,
Mac Evoy Real Estate Co. Broker
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MacEvoy Real Estate Co.
800 20th Place, St Rd 60, Suite #1
Vero Beach , FL 32960
844-Mac-Evoy (622-3869) Ext. 1
Hours: 9-5 Monday through Friday
Saturday & Sunday by Appointment.
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