Good news for sales of condos county wide. Sales increased 20% from the previous month and 38% from June 2009. This increase was driven by low priced sales on the Vero Beach mainland. There were 35 condos that sold for under $100,000 including a couple of very nice units in Grand Harbor. Again on the mainland, a unit at Royal Palm Pointe sold for $750,000, which sold for $1,200,000 in August of 2005. It had been on the market for 15 months and sold for 53% of original asking price, and 32% less than listing price at the time of the sale. The deals are out there for buyers and like this sale, the listing price is sometimes just a Sellers wish, not the realistic value.
2010 July Vero Beach FL Real Estate Condo Sale Update