Vero Coastal Homes LLC
   Vero Beach Buyer's Agent

  
Vero Beach Ocean Drive Redevelopment
Vero Beach Home Values to Rise

The ongoing redevelopment of the beachside retail and commercial district will have a great positive impact for the value of residential areas on “Central Beach”. The recent rebuild of Sexton Plaza, the addition of several upscale hotels, and the planned improvements at Humiston Park will increase the appeal of a central beach address. There is still a large inventory of homes for sale in Vero Beach Fl. in the central beach district.

Income property owners and residents alike will benefit from the great selection of retail on Ocean Drive and many fine restaurants. With easy walking access to the beach and many opportunities for shopping and dining, central beach will once again be the place to stay. The recent addition of a weekly farmers market is attracting locals as well as visitors on Saturday mornings.

The opportunity for investors and prospective homeowners is the recent decline in the price of property listings. The are several current listing for single family homes under $300,000 and condos under $200,000. Although these listing may need updating and or renovation, these prices haven’t been seen since 2003.

Buyers are returning to the Vero Beach Real Estate market, to take advantage of a great selection of homes for sale and historically low interest rates.

by Alfred Koenig - March 2009

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