Oct 10 2009
Vero Beach Island Home 5 Year Sales Graph October 2009
Island Home Sales
dropped by 50% from the previous month and were down 40% from September 2009. Days on the market averaged 167, which is still a long time, but this statistic continues to move in the right direction. Prices still continue to fall and are close to the 2004 values. Sale prices ranged from under $350,000 for 3 older smaller homes in Central Beach to $1,600,000 in Riomar Bay and an Oceanfront home in Castaway Cove for $1,825,000. Slow sales will probably continue in this category for the rest of the year as many part time residents are staying up north until after the holidays.
