House sales on the Vero Beach Florida island were 37% lower than last month and 43% lower than last October, about average for October over the last 8 years. Year-to-date single family home sales on the island have increased 30% over last year. At the low end there was a 2 bedroom house onHoneysuckle Lane that sold for $240,000 and the real deal was a 2400 sq ft 3 bedroom home in Island Club that sold for $240,199. At the high end, sales moved back on track with 5 sales close to or over $1,000,000. The high sales were a 6000+ sq ft oceanfront home in Seaview that sold for $3,075,000 and a 5000+ sq ft house inWindsor that sold for $2,675,000. Another deal was a 3500+ sq ft riverfront house in Cache Cay that went for $995,000. We expect a good selling season and believe prices will hold for Island Houses, especially at the mid and high end.
Barrier Island single family home inventory was up 5.5% over the previous month.
