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Archive for December 2009

Benefits of a Home Inspection

By Ginny Mitchell · Comments (0)
Wednesday, December 9th, 2009

Although new tax breaks and great housing prices in Vero Beach, Hutchinson Island and Indian River Shores make buying a home easier and more cost-effective than ever before, it can still be a daunting task to undertake the path to home ownership. In addition to the stress of moving, you’re probably worrying about things like loan processing fees, down payments, mortgage options, and closing costs. Even with a financial advisor and a realtor at your side, these can add up to quite a bit of hard work!

 

This is a preview of Benefits of a Home Inspection. Read the full post (558 words, estimated 2:14 mins reading time)
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Categories : Florida Real Estate Market, Vero Beach FL Homes
Tags : FL, Florida, Home Inspection, Hutchinson Island, Indian River Shores, Real Estate, Vero Beach

2009 December Hutchinson Island Sales 5 Year Graph Update

By ginnymitchell · Comments (0)
Saturday, December 5th, 2009

Again a good month on North Hutchinson Island. November 2009 was the highest November in 6 years and 30% higher than October. However, the higher sales volume was spurred by 4 foreclosures.  Four houses sold ranging from a foreclosure not on the water in Coral Cove for $140,000 to a canal front home on Jackson Way that went for $320,000. There was also a foreclosure house that sold in Queens Cove for $236,000. The 4th house sale was in Waters Edge for $250,000. Condo sales ranged from $161,000 for a foreclosure in the Sands Oceanside to $575,000 for a partially finished unit in the Visions and $575,000 for a 3rd floor corner unit in Grand Isle. Average time on the market was 223 days. 

This is a preview of 2009 December Hutchinson Island Sales 5 Year Graph Update. Read the full post (130 words, 1 image, estimated 31 secs reading time)
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Categories : Florida Real Estate Market
Tags : 2009 December Vero Beach Area Hutchinson Island Sales 5 Year Graph Update

2009 December Vero Beach Area Condo Sales 5 Year Graph Update

By ginnymitchell · Comments (0)
Saturday, December 5th, 2009

Condominium Sales:  Condo sales dropped of from the previous month, but it still was the highest number of sales for November in 4 years. On the mainland at the low end, there were 6 sales in Vista Royale for under $50,000. At the high end, there were 2 sales at Grand Harbor for $850,000 and $900,000. Time on the market averaged 209 days.

2009 December Vero Beach Area Condo Sales 5 Year Graph Update

2009 December Vero Beach Area Condo Sales 5 Year Graph Update

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2009 December Vero Beach Area Home Sales 5 Year Sales Graph Update

By ginnymitchell · Comments (0)
Saturday, December 5th, 2009

County wide home sales continue at a brisk pace in November most likely because of the tax credit for buyers as there were a high amount of smaller homes sold. It was the best November in 6 years and the best month since July of 2009.  Of the 145 houses sold, there were 41 bank-owned and 12 were short sales. 36% of all the houses sold were foreclosures.  On the mainland, prices ranged from 17 homes in the south county selling for under $50,000, and only 3 homes sold above $350,000 with a high of $1,650,000 in St Andrews Island at Grand Harbor.

This is a preview of 2009 December Vero Beach Area Home Sales 5 Year Sales Graph Update. Read the full post (113 words, 1 image, estimated 27 secs reading time)
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2009 December Vero Beach Area Island Condo Sales 5 Year Sales Graph Update

By ginnymitchell · Comments (0)
Saturday, December 5th, 2009

Sales of condos on the island were slow as expected for this type of property this time of year. However, sales were higher than last month and double what they were in 2008. Prices ranged from $125,000 in Vista Del Mar to $1,150,000 in Sea Colony. 2 oceanfront units were sold in Baytree for $760,000 and $785,000. Average time on the market was 395 days. 

2009 December Vero Beach Area Island Condo Sales 5 Year Sales Graph Update

2009 December Vero Beach Area Island Condo Sales 5 Year Sales Graph Update

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Vero Beach Area 2009 Real Estate Market Update – Island Homes

By ginnymitchell · Comments (0)
Saturday, December 5th, 2009

Sales of homes on the barrier island in Vero Beach were also slow but again were 50% higher than November of 2008. Prices ranged from 4 houses in central beach that sold for under $300,000 to $5,000,000 for an oceanfront home in Ocean Oaks East at the South end of the island. This home was on the market for 743 days and sold for 38% of the asking price. Average time on the market for homes on the island was 194 days.

2009 December Vero Beach Area Island Home Sales 5 Year Sales Graph Update

2009 December Vero Beach Area Island Home Sales 5 Year Sales Graph Update

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Vero Beach Area 2009 Real Estate Market Update – Median Price

By ginnymitchell · Comments (0)
Saturday, December 5th, 2009

Median Price: The median home price in the Vero Beach Florida area dropped to $123,000 in November from the October median of just over $150,000. This was primarily because of the high number of lower priced homes purchased by first time buyers attempting to beat the original tax credit deadline of 11-30-2009 and few sales of higher priced island homes, which is normal for this time of year. 

 

The tax credit program has now been extended into the spring of 2010 which will fuel the continued sales of homes.

 

 Highlights of the extended bill:

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