Barrier island sales of 22 houses matched sales from the previous month but were 29% lower priced than June 2009. A distressed house sold in the Dunes for $185,000 and there were 8 more sales under $500,000. The big surprise was that there 6 houses that sold for over $1,000,000 in June. One in the Moorings, one in Johns Island, 3 in Orchid Island, and one for $2,600,000 on Little Harbour Lane. This magnificent 4800 sq ft riverfront house had been on the market since July 2007 when it was priced at $4,950,000. Our advice is that in this declining market, if you want to sell, price it properly at the beginning rather than following the market down.
2010 July Vero Beach Island Home Sales Update