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.
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Vero Beach Florida Real Estate
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
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 July 2010
By ginnymitchell · Comments (0)
Monday,
July
12th,
2010
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Categories : Florida Real Estate Market
By ginnymitchell · Comments (0)
Monday,
July
12th,
2010
Barrier island condo sales of 13 units held their own in June compared to the previous month and June of 2009. There were 4 units that sold for under $200,000, one in Park Shores, 2 in Sea Oaks, and one in the Racquet Club. One unit sold in Palm Island Plantation for $625,000.
2010 July Vero Beach FL Island Condo Sales
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By ginnymitchell · Comments (0)
Monday,
July
12th,
2010
June was another strong sales month for houses in Vero Beach, Indian River County. Sales were even with the previous month and just a tad higher than June 2009. Of the 163 houses that sold in June, 39 were bank owned and 28 were short sales, which is 41%, similar to the proceeding months.
On the mainland there were 113 houses that sold for under $200,000. Many were very nice homes that sold for over $300,000 from 4 to 6 years ago and 2 homes that sold for over $400,000 in old Sugar Mill Estates and the Polo Grounds.
2010 July Vero Beach FL Real Estate Market Update - Home Sales
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Categories : Vero Beach FL Homes
By ginnymitchell · Comments (0)
Monday,
July
12th,
2010
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.
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Categories : Florida Real Estate Market
By ginnymitchell · Comments (0)
Sunday,
July
11th,
2010
Happy days are here again la la la la, la la la. June sales at 16 units was the best month since July 2004—more than twice as many as the previous month and twice as many as June 2009. There was one short sale and one Bank owned property. Deals galore.
· Paragon 5 North sold for $600,000
· Seaward 2200 sqft top floor for $375,000
· Bryn Mawr 5th floor corner in building A for $130,000 (needed work)
· Atrium 4th floor for $421,000
There are quite a few properties under contract at this time, which indicates that higher sales will hold for a while.
By ginnymitchell · Comments (0)
Sunday,
July
11th,
2010
There was as increase of about 15% in the median price of houses sold in Indian River Count in June. However, this was still about 15% lower June of last year. The number of house sold during the month stayed consistent at 163 which was about the same as June 2009. The units sold this month are still being artificially propped up by the tax rebate which was due to expire at the end of June but was extended. The contract date was not extended, however, which mean that no new sales are eligible for the tax rebate.
There are still other factors which will continue to fuel real estate sales.
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Categories : Vero Beach FL Homes
One of the first things homebuyers look for when shopping for Florida real estate is the layout of the house. Like the location of the house and its overall size, layout is one of the things about a home that cannot be changed without a very large time and money investment.
In the current Vero Beach real estate market, many of the things that make a house unique – its paint color, flooring, the kitchen counters, and even the size or type of the windows – are being upgraded to entice buyers. But if your home has a restricting layout, which makes the house look smaller, darker, or inaccessible, you might have a difficult time making a “quick fix” to increase your chances of a fast sale.
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Categories : Florida Real Estate Market, Vero Beach FL Homes