October 2015 was a good month for the real estate market on the mainland in Vero Beach with more price appreciation but fewer sales. Sale prices are still appreciating and increased by 12% compared to the same period in 2014. The market action in October is encouraging as we are heading for the 2016 season…. [Read more…]
Vero Beach real estate activity in September suggests a strong season
The Vero Beach real estate market was very active in September 2015 with increases in sales and sale prices suggesting a strong upcoming winter season. We saw price increases for homes on the mainland and single family homes on the island, but not for island condos. Overall we saw a slight increase in median of… [Read more…]
Vero Beach Barrier Island Single Family Real Estate Market Report September 2015
In September 2015 the Vero Beach real estate market for single family homes on the barrier island showed continued strength with increases in sale prices but slightly fewer sales than the same period last year. Price appreciation continued for a third month in a row, which is good news for the sellers. Demand for Vero… [Read more…]
Vero Beach Barrier Island Condos Real Estate Market Report September 2015
The real estate market for Vero Beach condos on the Barrier Island in September 2015 was very active with a jump in sales but not in sale prices. Sales increased by 22% in September 2015 compared to the same time last year and to last month. The following sections provide a detail view of the… [Read more…]
Vero Beach Mainland Real Estate Market Report September 2015
In September 2015, the real estate market on the mainland in Vero Beach was active with more sales than last year and more price appreciation. Sale prices are still appreciating and increased by 6% compared to the same period last year. The market action in September is encouraging as we are getting ready for the… [Read more…]
The Economic Impact of Home Sales
Every home that is sold has an economic impact to the local market. The infographic above shows the economic impact of home sales in each state. Home sales in Vero Beach real estate market in Florida contribute on the average $41,000 to $50,000 to the local economy as illustrated in the above infographic. The data… [Read more…]
Where are Vero Beach real estate prices headed?
Vero Beach real estate market was active in August 2015 but sale prices are not appreciating in all areas. There are mixed signals that the current Vero Beach real estate market is giving us as we are headed into the fall season. Overall we saw a slight decrease in average of sale prices by 2.3%… [Read more…]
Vero Beach Barrier Island Single Family Real Estate Market Report August 2015
The Vero Beach real estate market for single family homes on the barrier island in August 2015 was active with increases in sale prices but the lack of inventory in some areas and price ranges has affected sales. Sale prices have started to appreciate gain and increased by 5.3% compared to the same time last… [Read more…]
Vero Beach Barrier Island Condos Real Estate Market Report August 2015
In August 2015, the real estate market for Vero Beach condos on the Barrier Island took a little break as sales and sale prices are declining. Sales decreased by 21% in August 2015 compared to July but slightly increased compared to the same time last year. The low inventory levels in some price ranges has… [Read more…]
Vero Beach Mainland Real Estate Market Report August 2015
The real estate market on the mainland in Vero Beach was active in August 2015 with slightly more sales than last year and further price appreciation. Sale prices are still appreciating and increased by 8% compared to the same period in 2014. The market action in August is encouraging despite the low inventory level. Vero… [Read more…]