House sales on the island in Vero Beach were 12% lower than last month and 29% lower than December of last year. However, remember that November sales of barrier island houses was the best in 8 years.
Year-to-date single family home sales on the island have increased 31.8% over last year. At the low end there was a 2 bedroom house on Coco Plum Lane that sold for $121,000, one on Sabal Palm Court that sold for $180,000, and one on Date Palm the sold for $280,000. At the high end, only one sale was over $1,000,000, down from 4 last month. This was a 5000+ sq ft house in the Anchor at the Moorings that sold for $1,050,000. Next in line was a 3500+ sq ft house inBermudaBay that sold for $895,000. We expect a good selling season this winter and believe prices will hold for Island Houses, especially at the mid and high end.
Barrier Island single family home inventory was down 2% over the previous month and should continue to fall during the season.
