Single family home sales in Vero Beach – Indian River County-wide were up 2.3% compared to the previous month and up 17% compared to September last year. Year-to-date sales were up 16.2%. On the mainland, there were 29 houses that sold for under $50,000. There was one sale over $500,000, a house in St AndrewsIsland at Grand Harbor that sold for $1,000,000. The next highest sale was a 5 bedroom house on 10 acres in Fellsmere that sold for $470,000.
There is a 9.6 month supply of houses for sale on the mainland. This is lower that the overall county absorption rate which again is an indicator that lower priced and smaller properties are more in demand than usual in the Vero Beach – Indian River County area.
