May 2022

Greetings!

We are helping many people to buy or sell -- and our team continues to grow. Thank you again, for considering us your Treasure Coast Florida real estate team.
 
At Mac Evoy™ Real Estate Co., we sell and negotiate for you with proven results! We will sell your property with seamless transactions. Our agents are area experts who are reliable with proven results to sell your property for the absolute best price! Our office is located on 800 20th Place (St Rd 60), Suite 1, Vero Beach. Office hours are 9 AM - 5 PM Monday - Friday, and Saturday & Sunday by appointment. CALL OUR TOLL FREE NUMBER ~ 1-844-MAC-EVOY (622-3869), ext. #1.

Here's wishing you and your family a wonderful month of May!
Sincerely,


Carolyn Mac Evoy
Licensed Real Estate Broker
Mac Evoy Real Estate Co.
844-Mac-Evoy (622-3869) Ext. 1
LOCAL Real Estate Trends
March real estate: Treasure Coast home sales, prices soaring after small dip at start of year

Record-low housing inventory on the Treasure Coast stunted the booming real estate market entering into 2022, as the tri-county region saw its largest sales dip in January. But that's not holding buyers back anymore.

City of Sebastian Receives Third Consecutive...

The City of Sebastian received its third consecutive Tree City USA Growth Award. Sebastian is the only municipality receiving this distinctive award in Indian River County. "The trees being planted and cared for by Sebastian are ensuring that...

Read more
www.sebastiandaily.com
The Best Beaches in Florida

Updated on 4/11/2022 at 1:57 PM ‌ With more 2,100 miles of coastline, Florida's beaches aren't just a bunch of spring breaker-thronged, Florida Man-dominated circuses. (Those are bountiful, too, if that's your bag.) But from the Panhandle to the...

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www.thrillist.com
Is FOMO Fueling the Real Estate Market?

FORT LAUDERDALE, Fla. - Rising interest rates and higher home prices would normally cool a hot housing market, yet the national and local real estate scenes continue to run red hot. Researchers at the Federal Reserve Bank of Dallas are concerned...

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www.floridarealtors.org
National Real Estate Trends
Should you rent or buy? Ask yourself these four questions

Anyone looking for a place to live right now is navigating one of the toughest and most expensive housing markets in recent history.

Read more
www.cnn.com
Instant Reaction: Mortgage Rates, March 24, 2022

The 30-year fixed mortgage rate surged to 4.42% from 4.16% the previous week. With rates having increased by 1.2% since the beginning of the year, the typical homebuyer needs to spend $250 more every month to be able to purchase a home.

Read more
www.nar.realtor
Competition Heats Up With 5 Offers Per Home Sold

Buyers typically lose out on two homes before succeeding on the third try, according to a new NAR analysis.

Read more
magazine.realtor
Click here to view the graph for the National Existing Home Sales & National Sales Price of Existing Homes from 2019-2021, showing a consistent trend into 1st quarter 2022, as well (Stats from NAR, April 2022 Magazine).
Properties For Sale!
7250 US Hwy 1, Vero Beach, FL 32967
Great Commercial Opportunity!

Beautiful land on US 1 in Vero Beach. Zoned for commercial usage. Corner or 73rd Avenue. 8 Acres surrounded by new GHO - Orchid Landing and existing Oak Harbor and Grand Harbor housing developments. Near to beaches, and shops. Call Carolyn Mac Evoy for more information or to view at 772.925.4791 or email MacEvoy.RealEstate@gmail.com. Read more
For Sale!
2800 Indian River Boulevard, 2, Vero Beach, FL 32960

$199,000

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). To view, call Neil T. Flynn at 772-643-2506 or email NeilTFlynn@macevoy.org.
For Sale!
400 18th Street, 7, Vero Beach, FL 32960

$169,000

Charming 2/2 Oak Park Terrace!
This 2BR, 2BA in 55+ community is located on the 2nd floor and is beautifully put together. Large LR, great sized back porch overlooking private park area. Both bedrooms are larger, and this community has a beautiful pool and is minutes to beaches! Read details
Call Kristen Remling at 772.633.3496 or email KristenRemling@macevoy.org to view.
For Sale!
Barefoot Bay

$179,000

Barefoot Bay is a manufactured home community between north IR county and Brevard. It offers several pools, a clubhouse, group activities and more. This one is a 2BR, 2BA, ranch style home with front and side porches. Call Carolyn Mac Evoy for more information at 772.925.4791 or email MacEvoy.RealEstate@gmail.com
400 18th Street, 4 Vero Beach, FL 32960

$179,000

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. Call Carolyn Mac Evoy for more information at 772.925.4791 or email MacEvoy.RealEstate@gmail.com
Under Contract
10162 W Villa Circle, Vero Beach, FL 32966

$339,000

Verona Trace Townhouse!
Take advantage of this gorgeous (2020) newer townhome with 3 BRs, 2.5 BTH, one car garage and lake view. Large rooms, kitchen with granite and SS appliances, and brand-new master bath going in right now! Call Carolyn Mac Evoy for more information at 772.925.4791 or email MacEvoy.RealEstate@gmail.com
Sold!
Pinetree Village is a vibrant 55+ community with pool, that offers proximity to shops and restaurants.
One of a kind home located on 1170 6th Avenue, 32D, Vero Beach, FL - SOLD!
Under Contract
330 38th Sq SW, Vero Beach, FL

$425,000

In Courtside Community, a 4BR, 3BA, 2500 sq ft of living space in this Vero Beach home with den. To view, call Carol A. Franchini at 772.559.7447 or email AgentCarolFran@gmail.com.
296 13th Avenue Vero Beach, FL

$369,000

Lovely custom home priced to sell! A 3/2 ranch home w/features that must be seen. On great street, near to shops, and within 5 miles to beaches. To view, call Carol A. Franchini at 772.559.7447 or email AgentCarolFran@gmail.com.
MLS Stats - March 2022
INDIAN RIVER COUNTY
REALTORS® Association of Indian River County, Inc. MLS 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 March 2022 /2021.

The Residential closed sales of single-family detached homes totaled 338 units for March 2022. This compares to a total of 419 units in March 2021. The median price of single-family detached homes sold by members of the REALTORS® Association of Indian River County MLS for March 2022 was $375,000. This compares to a median price of $330,123 for March 2021. Current active inventory of residential single-family detached homes total 336 for March 2022. This compares to the active inventory of 489 for March 2021.

The Residential closed sales of condominium homes totaled 89 units for March 2022. This compares to a total of 171 units in March 2021. The median price of condominium homes sold by members of the REALTORS® Association of Indian River County MLS for March 2022 was $228,000. This compares to a median price of $175,000 for March 2021. Current active inventory of condominium homes total 106 for March 2022. This compares to the active inventory of 216 for March 2021. Report Prepared on April 19, 2022.
BREVARD COUNTY
This update is brought to you by the
Space Coast Association of REALTORS®.
Within this email is a recap of the housing statistics for March 2022 in Brevard County. Current and archived MLS Statistical reports are also available on the Association's website. You will find monthly, quarterly, and yearly reports of Brevard County Sales, detailed by Single Family Homes and Townhouses/Condos, on our website. In addition, there are Yearly Distressed Market Summaries for both types of properties.
A quick recap of the Brevard County Residential Report for March 2022:

Closed Sales are down -7.5% for March 2022 in which the number of units closed was 1,091 compared to 1,179 in March 2021, with an increase in cash sales of +9.3%.
New Pending Sales are down -0.2% and New Listings are up 9.6%.
The Median Sales Price for Brevard Single Family homes is up +22.9% to $350,000 compared to a year ago, which was $284,900.
Months' Supply of Inventory is down -22.2% to 0.7 months, a decrease from 0.9 months in March 2021.
Traditional Sales are down -7.6% with a median sales price of $350,000.
Foreclosure/REO Sales are +25.0% with 5 closed sales and a median sales price of $246,500.
Short Sale Closings are 0.0% with 1 closed sale and a median sales price of $827,500.
A quick recap of the Brevard County Townhouses/Condos for March 2022:

Closed Sales are down -27.4% for March 2022 in which the number of units closed was 292 compared to 402 in March 2021, with a decrease in cash sales of -23.5%.
New Pending Sales are down -25.1% and New Listings are down -8.9%.
Median Sales Price for Townhomes/Condos is up +29.3% to $291,000 compared to a year ago, which was $225,000.
Months' Supply of Inventory is down -28.6% to 1.0 months in March 2022 from 1.4 months in March 2021.
Traditional Sales are down -27.6% with a median sales price of $292,000.
Foreclosure/REO Sales are N/A with a median sales price of $111,125 and 1 closed sale.
Short Sale Closings are N/A with 0 closed sales in March 2022 and 0 closed sales in March 2021.
We're Hiring Real Estate Agents!
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.
Team Corners
NEIL T. FLYNN
Now that 1st quarter Island real estate statistics have been posted, you really have to step back and say "what year should you compare 2022 results? Is it statistically appropriate to compare this year's results to a period of time when interest rates were at their all-time lows? What about comparing 2022 results to when the pandemic hit? A more rational approach (and statistically-correct) may be to compare this years' results to 2019. Ellen Chang of Yahoo Finance thinks we should compare 2022 results to 2019 (see article shown below).
Housing Market Seems 'Very 2019,' Signaling a Return to...

As the housing market enters the spring months when the bulk of transactions typically occur, it's looking a lot like 2019, said Mark Fleming, chief economist at First American. The economy is growing, household formation is high, and there's a...

Read more
finance.yahoo.com
Below you will find the 2022 results compared to the previous four years
(Data collected from RAIRC MLS)
PRISCILLA WARREN
Leadership Certificate

Priscilla Warren is a member of the Rotary Club Vero Beach Oceanside Chapter. She received a "graduate" certificate for attending Part 1 of the Rotary Leadership Institute program on Saturday, 4/23/22 at IRSC, Vero Beach campus. The lady presenting the certificate is former Rotary International District 6930 Governor Betsy Owen, RC of Delray Beach, one of the instructors. There were 21 Rotarians in this group, including several from the Vero Beach clubs.
Mingling at Mulligan's

Priscilla Warren, shown here attending Mingling at Mulligan’s breakfast on 4/5/22, addressing a group of fellow business people, on the merits of listing your home, land, building or business with Mac Evoy Real Estate Co. At your service!
Local Business SPOTLIGHT
City Masters Restoration can help a homeowner live in a mold free environment. It is a family owned, operated local business specializing in restoring your home to its original beauty. We not only offer complimentary visual inspections for water damage and mold but also mold removal. Their team is fully licensed and insured in the State of Florida. They use the most advanced technology to handle the worst damage from flooding, sewage backups, pipe, and hose breaks or temporary roof protection using synthetic roof wrap.

At City Masters Restoration your family’s health is our #1 priority. Mold can be prevented by effectively targeting, drying, and disinfecting the affected areas, eliminating microbial growth concerns.

City Masters Restoration offers an end-to-end client experience that includes seamless communication, staffing, on-site organization, and solid quality handiwork every time.

Rorianna Viloria
Claims Manager
1901 Sw. South Macedo Blvd.
Port St Lucie, Florida. 34984
Office: 772.773.0110
Direct: 772.497.4986
Local Tidbits
Why are Oyster Mats so important for the Indian River...

For a while now, the City of Sebastian has placed oyster mats around the docks near Riverview Park and the Working Waterfront area near Crab E Bills. Last weekend, during the Earth Day Celebration in Sebastian, Florida, Vice Mayor Fred Jones...

Read more
www.sebastiandaily.com
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.