Vero Beach Barrier Island Condo Sales Rise 48.5% as Completed Reserve Studies Give Buyers Certainty

Condominium associations on Vero Beach's barrier island spent four years funding the structural reserves Florida began requiring after the 2021 Surfside collapse. The transaction record suggests it paid off. Comparing the first six months year over year, condo sales in the 32963 segment rose 48.5%, from 99 to 147. Median sale prices are up 19% since 2021, according to The Reynolds Team's analysis of 981 closed sales from Realtor Association of Indian River County MLS data. [1]