If your FL home is for sale – whether in Vero Beach, Hutchinson Island, Indian River Shores or surrounding areas – there’s a good chance your real estate agent will discuss the benefits of an open house with you. Open houses have long been a part of the home sale experience, since it allows prospective buyers to take a “low-key” approach while they browse the merchandise. It also gives your real estate agent the chance to network with a large number of potential buyers all at one time. In some cases, it also means you’ll finally sell that home!
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Vero Beach Florida Real Estate
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Indian River County Real Estate
(772) 321-3355
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St. Lucie County Real Estate
(772) 359-9335
Indian River Shores Real Estate
Indian River County Real Estate
(772) 321-3355
Hutchinson Island FL Real Estate
Fort Pierce FL Real Estate
St. Lucie County Real Estate
(772) 359-9335
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Archive for October 2009
By Ginny Mitchell · Comments (0)
Thursday,
October
22nd,
2009
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Categories : Florida Real Estate Market, Vero Beach FL Homes
A party in the park at the Heritage Center in mid-town Vero Beach complete with an opening speech by Mayor Sabin Abell and a grand birthday cake opened the festivities. Family members of pioneer families were honored as well.
The Heritage Center Historical Museum welcomed visitors from Vero Beach and national and international guests. Old farming implements, photos and documents were on display as well as slide show presentations around the hall. Visitors purchased commemerative posters, booklets, and myriad items such as Vero Beach Historical Christmas Tree decorations.
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Categories : Florida Real Estate Market
By ginnymitchell · Comments (0)
Saturday,
October
10th,
2009
Countywide the median home price was $129,000. This is the 3rd consecutive month we have seen a decline since a high for this year close to $160,000. Of the 142 home sales, there were 20 short sales (14%) and 35 were foreclosed homes (24%). In the last 21 months, the median price has dropped 34%. This number does not reflect an overall drop in prices this dramatic but rather a preponderance of sales in lower price ranges.
Vero Beach Median 5 Year Home Prices Graph October 2009
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Categories : Florida Real Estate Market
By ginnymitchell · Comments (0)
Saturday,
October
10th,
2009
Island Home Sales
dropped by 50% from the previous month and were down 40% from September 2009. Days on the market averaged 167, which is still a long time, but this statistic continues to move in the right direction. Prices still continue to fall and are close to the 2004 values. Sale prices ranged from under $350,000 for 3 older smaller homes in Central Beach to $1,600,000 in Riomar Bay and an Oceanfront home in Castaway Cove for $1,825,000. Slow sales will probably continue in this category for the rest of the year as many part time residents are staying up north until after the holidays.
By ginnymitchell · Comments (0)
Saturday,
October
10th,
2009
Condo sales on the Island are slow, which is typical for this time of the year. However, sales are up compared previous months, and it was the best September in 4 years. Prices ranged from under $120,000 for 2 units in Del Mar and 1 in Ocean Club to one that sold for $1,750,000 in Orchid island. Sales in this category are also primarily part time residents and are expected to be slow the rest of the year.
Vero Beach Island Condo Sales 5 Year Graph October 2009
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Categories : Florida Real Estate Market
By ginnymitchell · Comments (0)
Saturday,
October
10th,
2009
Countywide home sales continued to increase. This was the highest number of sales in September in the last 4 years. Time on the market continued to decline, which is good, but prices also continued to drop. However, we are seeing fewer very low priced homes selling. The median sale price was near $130,000 (see separate chart). On the MAINLAND, there were 132 sales ranging from only 7 sales under $50,000 to 2 homes over $700,000 in Grand Harbor and Hobart Landing. Many of the sales are triggered by the $8,000 tax credit, which will expire at the end of November and the Rural Development Loans which allow qualified buyers 0% down payment.
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By ginnymitchell · Comments (0)
Saturday,
October
10th,
2009
Condo sales rebounded in September back up to a level that achieves the best September in 4 years . This is the 3rd month in a row that sales levels were the best in 4 years. On the mainland there were 22 sales ranging from 11 sales under $100,000 mostly in Vista Royale, Laguna, and Breakwater Pointe to 1 in Bent Pine for $300,000. Time on the market was down, and prices were also down. 4 sold at the Inlet of Sebastian for less than 1/2 half of their values in 2004. The same situation exists at Breakwater Pointe on Indian River Blvd where a number of units have sold in the last 2 to 4 months.
By ginnymitchell · Comments (0)
Saturday,
October
10th,
2009
Hutchinson Island
North
sales fell to 4 units in September from 15 sold in August. However, this September was still the best September in 4 years and more or less typical for this time of year. There was a canal home that sold on Marina Drive for $279,000 that was livable but still had hurricane damage. One bank owned town house sold in the Galleons for $67,900. A corner penthouse in the Sands sold for $275,000 and 4th floor corner unit in Seabreeze for $251,000. Again, sales are typically slow the rest of the year and possibly the first couple of months of next year. Closings usually take at least 30 days after the contract is signed.
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Categories : Vero Beach FL Homes