Vero Beach Florida Homes

On North Hutchinson Island 2008 sales increased in both homes sold and condos sold compared to 2007. However, the median sales price went down dramatically.

There were 6 single family homes sold in 2008 at a median price of $400,000 compared to 3 sold in 2007 with a median of $708,000 (down 77%).

There were 54 condos sold at a median price of $285,000 compared to 37 sold in 2007 at a median of $352,000 (down 23%).

 North Hutchinson Island sales were again very slow at 5 properties for the month, which was just a little higher than November and the same as December 2007. Time on the market averaged 15.4 months, and sale prices were 22% lower than original list price.  Prices ranged from a low of $131,500 for a first floor condo in Ocean Harbour North  to a high of $305,000 on the 3rd floor back building with a decent ocean view.  Also selling were the 4th floor of Hibiscus Bldg 1 for $244,900 and $295,000 on the 14th floor in Seaward. The 5th sale was a townhouse in Harbour Cove for $320,000. This was also a bargain price considering a boat slip was included in the sale.

The following sales graph compares month-by-month sales for the past 5 years.

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