According to real estate market research company RealtyTrac, Vero Beach foreclosures and short sales are the best deals in the beach towns distressed property markets. Vero Beach foreclosures offer a 45% discount over the traditional sales in the same area.
The Vero Beach foreclosure and short sales market is shrinking with fewer available units than were available a year or so ago. Many investors and people from the North East and abroad have already taken advantage of this opportunity, but there are still units available for sale for those that are interested.
Vero Beach is one of the best spot in Florida to live in, especially for people that want to get away from the hassle and bustle of the big city and live close to the beach. Vero Beach offers great healthcare facilities, golf courses, marinas, beautiful sandy beaches, art museum, theater, and a lifestyle that many would envy.
The last 12 months, there were 273 foreclosures and 300 short sales transactions in Vero Beach area. Currently there are 92 foreclosures and 339 short sales in active and pending status in Vero Beach. Use the following interactive map from RealtyTrac to view the number of foreclosures in each of Vero Beach zip codes.