The Vero Beach Real Estate Market Report for zip code 32963 in October 2024 shows that the real estate market remains a Buyers Market for Single Family homes and a Strong Buyers Market for condos on the barrier island with fewer sales than last month. Sales for both single family homes and condos declined in October as demand for Vero Beach homes on the barrier island is still weak. Vero Beach real estate sale prices increased for single family homes but dropped for condos on the barrier island in October. Following are some statistics for this month. Vero Beach Market for Single Family homes in 32963   In October 2024, the Vero Beach single-family homes market in 32963 was again a Buyers Market with 10% Sales Ratio. There were 158 single family homes for sale on the island and only 16 were sold in October 2024. The inventory (homes available for sale) in October 2024 slightly decreased compared to September of 2024. If inventory remains at this level and as the winter season approaches with more buyers looking for a place in Vero Beach, we may see an uptick in prices. Homes sold for a median of 94.52% of list price with an average of 104 Days on the Market (DOM) in October 2024, an indication that the buyers were still hesitant to commit to a purchase. The most active price band for single family homes on the barrier island was again for homes between $1,500,000 and $2,000,000, with 5 sales and sales ratio of 22%. In October 2024 the median sales price for single-family homes slightly jumped by 61% to $1,500,000 compared to September, mainly due to more sales of higher priced homes indicating that buyers may still look for high-end single family homes on the barrier island in Vero Beach . The most active market for single family homes on the island in October 2024 was the Central Beach area with 76 homes for sale, 17 Pending Sales, but only 4 sales, 19 months of remaining inventory (absorption rate) and a Strong Buyers Market.. Vero Beach Market for Attached Homes/Condominiums in 32963   There were 149 condos for sale on the island and only 10 were sold in October 2024. The Vero Beach condominium market in 32963 was again a Strong Buyers Market with only 7% Sales Ratio as buyers’ appetite for condos on the island was again very weak. The inventory (condos available for sale) in October 2024 slightly increased compared to September as some sellers were looking to unload of their condos amid increases in assessment fees due to latest legislation. Condos sold for a median of 96.12% of list price as the average of the Days on the Market (DOM) of 133 days as buyers were again more hesitant to purchase condos. The most active price band was for condos priced between 550,000 and $600,000 , with only 2 sales and a sales ratio of 33% The median sales price for attached homes (condominiums) in October 2024 decreased by 14% to $610,000 compared to September as more lower priced condos were purchased by the buyers this month and more priced adjustment were made to listing prices. The most active market for condos in October 2024 on the barrier island was the Central Beach area with 75 condos for sale, 16 Pending Sales, 6 sales and 12.5 months of remaining inventory (absorption rate) and a Buyers Market . For a more comprehensive market analysis for a specific Vero Beach area or neighborhood in 32963 or any other zip code use the request form below.

The October 2024 Real Estate Market Report for Vero Beach Mainland shows that the market remains a Balanced Market with fewer sales and steady inventory as sellers are preparing for the winter season and hoping for strong buyer demand. Amid steady listing and sale prices in October, buyers’ appetite for Vero Beach homes on the mainland remains intact. Sale prices have stabilized but slightly retreated this month from September, as the elevated prices have affected and may continue to impact sales. We need to see a stronger action the next few months in anticipation for the winter season, which will determine how the market will adjust in 2025. Following are some statistics for this month. Vero Beach Mainland Real Estate Market Insights   In October 2024, the Vero Beach Mainland was again a Balanced Market with a 15% Sales Ratio. There were 856 homes for sale on the mainland and 132 were sold in October 2024. The inventory (homes available for sale) in October 2024 slightly increased from September as sellers seek the opportunity to list their homes amid steady buyers’ demand for homes on the mainland. We should expect a steady flow of new inventory coming to market in the coming months in preparation for the traditionally strong winter season. In October 2024, homes sold for a median of 96.79% of list price, at slightly higher level than last month as buyers are still active. The most active price band for Vero Beach Mainland homes was again homes priced from $500,000 to $1,000,000, with 30 sales but with sales ratio of only 11%, as buyers are still targeting higher priced homes in Vero Beach mainland. In October 2024 the median sales price slightly decreased by 1% compared to September with median sale price of $350,000. The most active market in October 2024 was the Southeast County area with 279 homes for sale, 68 Pending Sales, 54 sales, 5.2 months of remaining inventory (absorption rate) and a Sellers Market. For a more comprehensive market analysis for a specific Vero Beach area or neighborhood on the Mainland or any other zip code use the request form below.

The Vero Beach Real Estate Market Report for zip code 32963 in September 2024 shows that the real estate market was again a Buyers Market for Single Family homes and a Strong Buyers Market for condos on the barrier island despite an increase in market activity. Sales for both single family homes and condos jumped this month as demand for Vero Beach homes on the barrier island, however demand is still weak. Vero Beach real estate sale prices increased for condos but dropped dramatically for single family homes on the barrier island in September. Following are some statistics for this month. Vero Beach Market for Single Family homes in 32963   In September 2024, the Vero Beach single-family homes market in 32963 was again a Buyers Market with 13% Sales Ratio. There were 159 single family homes for sale on the island and only 20 were sold in September 2024. The inventory (homes available for sale) in September 2024 increased by 6% versus August of 2024. If we see an continued increase in inventory while demand is weak, it is likely that will see that sale prices will keep adjusting downwards. Homes sold for a median of 92.17% of list price with an average of 132 Days on the Market (DOM) in September 2024, an indication that the buyers were still hesitant to pull the trigger. The most active price band for single family homes on the barrier island was again for homes between $500,000 and $1,000,000, with 11 sales and sales ratio of 39%. In September 2024 the median sales price for single-family homes slightly dropped by 29% to $929,500 compared to August, mainly due to more sales of lower priced homes indicating that the prices have stabilized for single family homes in Vero Beach. The most active market for single family homes on the island in September 2024 was the Central Beach area with 81 homes for sale, 15 Pending Sales, but only 3 sales, 27 months of remaining inventory (absorption rate) and a Strong Buyers Market.. Vero Beach Market for Attached Homes/Condominiums in 32963   There were 138 condos for sale on the island and only 10 were sold in September 2024. The Vero Beach condominium market in 32963 was again a Strong Buyers Market with only 7% Sales Ratio as buyers’ appetite for condos on the island was again weak. The inventory (condos available for sale) in September 2024 slightly decreased again compared to August as some sellers were hesitant to list their condos while waiting to see a better market environment. Condos sold for a median of 93.73% of list price as the average of the Days on the Market (DOM) of 97 days as buyers were again more hesitant to commit to a purchase. The most active price band was for condos priced between 800,000 and $1,000,000 , with only 3 sales and a sales ratio of 19% The median sales price for attached homes (condominiums) in September 2024 jumped by 83% to $710,000 compared to August as more higher priced condos were purchased by the buyers this month. The most active market for condos in September 2024 on the barrier island was the Central Beach area with 67 condos for sale, 27 Pending Sales, 7 sales and 9.6 months of remaining inventory (absorption rate) and a Balanced Market . For a more comprehensive market analysis for a specific Vero Beach area or neighborhood in 32963 or any other zip code use the request form below.

The September 2024 Real Estate Market Report for Vero Beach Mainland shows that the market was a Balanced Market as sales increased slightly amid steady inventory as the summer season is coming to an end. However, sales prices declined this month but buyers’ appetite for Vero Beach homes on the mainland is still intact. Sale prices has stabilized but slightly retreated this month from August, and we are seeing that the elevated prices have affected and may continue to impact sales. We need to see a stronger action the next few months in anticipation for the winter season, which determine how the market will adjust moving forward. Following are some statistics for this month. Vero Beach Mainland Real Estate Market Insights   In September 2024, the Vero Beach Mainland was again a Balanced Market with a 18% Sales Ratio. There were 808 homes for sale on the mainland and 147 were sold in September 2024. The inventory (homes available for sale) in September 2024 slightly increased from August but sellers still seek the opportunity to list their homes amid steady buyers’ demand for homes on the mainland. As we expect a steady flow of new inventory coming to market in the fall, we may see an impact on the listing and sale prices. In September 2024, homes sold for a median of 96.17% of list price, at slightly higher level than last month as buyers are still active. The most active price band for Vero Beach Mainland homes was again homes priced from $500,000 to $1,000,000, with 28 sales but with sales ratio of only 11%, as buyers are still targeting higher priced homes in Vero Beach mainland. In September 2024 the median sales price slightly decreased by 5% compared to August with median sale price of $355,000. The most active market in September 2024 was the Southeast County area with 275 homes for sale, 80 Pending Sales, 61 sales, 4.5 months of remaining inventory (absorption rate) and a Sellers Market. For a more comprehensive market analysis for a specific Vero Beach area or neighborhood on the Mainland or any other zip code use the request form below.

The Vero Beach Real Estate Market Report for zip code 32963 in Ju;y2024 shows that the real estate market became a Buyers Market for Single Family homes and a Strong Buyers Market for condos on the barrier island as sales took a dive for both. Sales for single family homes were anemic this month as demand for Vero Beach homes on the barrier island has waned. Vero Beach real estate sale prices increased slightly single family homes but dropped dramatically for cor Condos on the barrier island in August of 2024. Following are some statistics for this month. Vero Beach Market for Single Family homes in 32963   In August 2024, the Vero Beach single-family homes market in 32963 became a Buyers Market with 11% Sales Ratio. There were 150 single family homes for sale on the island and only 16 were sold in August 2024. The inventory (homes available for sale) in August 2024 decreased by 13% versus July of 2024. If inventory continues to decline while demand is waning, it is likely that will see that sale prices will keep adjusting downwards. Homes sold for a median of 92.78% of list price with an average of 101 Days on the Market (DOM) in August 2024, at almost the same levels as last month as buyers were more hesitant to pull the trigger. The most active price band for single family homes on the barrier island was again for homes between $500,000 and $1,000,000, with only 3 sales and sales ratio of only 13%. In August 2024 the median sales price for single-family homes slightly increased by 6% to $1,309,000 compared to July, as home prices have stabilized for single family homes in Vero Beach. The most active market for single family homes on the island in August 2024 was the Central Beach area with 76 homes for sale, 15 Pending Sales, 6 sales, 12.7 months of remaining inventory (absorption rate) and a Buyers Market.. Vero Beach Market for Attached Homes/Condominiums in 32963   There were 139 condos for sale on the island and only 4 were sold in August 2024. The Vero Beach condominium market in 32963 became a Strong Buyers Market with only 3% Sales Ratio as buyers’ demand for condos on the island has waned. The inventory (condos available for sale) in August 2024 slightly decreased again compared to July as some sellers were hesitant to list their condos and still waiting to see a better market environment. Condos sold for a median of 89.08% of list price as the average of the Days on the Market (DOM) of 121 days as buyers were again more hesitant to commit to a purchase. The most active price band was for condos priced between 450,000 and $500,000 , with only 1 sale and a sales ratio of only 6% The median sales price for attached homes (condominiums) in August 2024 dropped by 56% to $387,500 compared to July as lower priced condos appeared to be favored by the buyers this month. The most active market for condos in August 2024 on the barrier island was the Central Beach area with 66 condos for sale, 20 Pending Sales but only 1 and 66 months of remaining inventory (absorption rate) and a Strong Buyers Market . For a more comprehensive market analysis for a specific Vero Beach area or neighborhood in 32963 or any other zip code use the request form below.

The August 2024 Real Estate Market Report for Vero Beach Mainland shows that the market became a Balanced Market as sales declined amid steady inventory during a typically slow summer season. However, sales prices have remained steady as buyers’ appetite for Vero Beach homes on the mainland is still intact. Sale prices continue to stabilize and increased slightly from July, but we are seeing that the elevated prices have affected and may continue to impact sales. We still need to observe the action the rest of the summer season to determine how the market will behave moving forward. Following are some statistics for this month. Vero Beach Mainland Real Estate Market Insights   In August 2024, the Vero Beach Mainland became a Balanced Market with a 18% Sales Ratio. There were 763 homes for sale on the mainland and 136 were sold in August 2024. The inventory (homes available for sale) in August 2024 slightly decreased from July but sellers still seek the opportunity to list their homes as buyers’ demand for homes on the mainland remains intact. . As we expect a steady flow of new inventory coming to market in the fall, it will eventually affect keep listing and sale prices. In August 2024, homes sold for a median of 95.35% of list price, at slightly lower level than last month as buyers are still active. The most active price band for Vero Beach Mainland homes was again homes priced from $500,000 to $1,000,000, with 30 sales but with sales ratio of only 13%, as buyers are still targeting higher priced homes in Vero Beach mainland. In August 2024 the median sales price slightly increased by 2% compared to July with median sale price of $370,000. The most active market in August 2024 was the Southeast County area with 258 homes for sale, 87 Pending Sales, 53 sales, 4.9 months of remaining inventory (absorption rate) and a Sellers Market. For a more comprehensive market analysis for a specific Vero Beach area or neighborhood on the Mainland or any other zip code use the request form below.

The Vero Beach Real Estate Market Report for zip code 32963 in Ju;y2024 shows that the real estate market became a Balanced Market for Single Family homes as sales rebounded, but remained a Balanced Market for condos on the barrier island. Sales for single family homes increased dramatically this month as demand for Vero Beach homes on the barrier island continues. Vero Beach real estate sale prices increased for Condos on the barrier island but decreased for single family homes in June of 2024. Following are some statistics for this month. Vero Beach Market for Single Family homes in 32963   In July 2024, the Vero Beach single-family homes market in 32963 became a Balanced Market with 18% Sales Ratio. There were 173 single family homes for sale on the island and 32 were sold in July 2024. The inventory (homes available for sale) in July 2024 decreased by 5% versus June of 2024. If inventory remains at these levels relative to demand, it is likely that will see that sale prices will keep adjusting. Homes sold for a median of 92.94% of list price with an average of 88 Days on the Market (DOM) in July 2024, a slight increase from last month as buyers’ were still active in Vero Beach. The most active price band for single family homes on the barrier island was again for homes between $500,000 and $1,000,000, with 9 sales and sales ratio of 30%. In July 2024 the median sales price for single-family homes decreased by 4% to $1,232,000 compared to June, as some buyers targeted lower priced single family homes on the barrier island. The most active market for single family homes on the island in July 2024 was the Central Beach area with 74 homes for sale, 14 Pending Sales, 14 sales, 5.4 months of remaining inventory (absorption rate) and a Sellers Market. The decrease in pending sales in July is an indicator that the summer could be slower for sales of single family homes on the island. Vero Beach Market for Attached Homes/Condominiums in 32963   There were 148 condos for sale on the island and only 10 were sold in July 2024. The Vero Beach condominium market in 32963 was a Buyers Market with only 7% Sales Ratio as buyers’ demand for condos on the island was muted again in June. The inventory (condos available for sale) in July 2024 slightly decreased compared to June as some sellers were hesitant to list their condos and still waiting to see a better market environment. Condos sold for a median of 92.34% of list price as the average of the Days on the Market (DOM) jumped by 20% to 125 DOM as buyers were again more hesitant to commit to a purchase. The most active price band was for condos priced over $2M, with only 3 sales and a sales ratio of 30% The median sales price for attached homes (condominiums) in July 2024 jumped by 76% to $887,500 compared to June as higher priced condos appeared to be favored by the buyers. The most active market for condos in Ju;y2024 on the barrier island was the Central Beach area with 68 condos for sale, 15 Pending Sales, 3 sales, 22.7 months of remaining inventory (absorption rate) and a Strong Buyers Market . For a more comprehensive market analysis for a specific Vero Beach area or neighborhood in 32963 or any other zip code use the request form below.

The July 2024 Real Estate Market Report for Vero Beach Mainland shows that the market became a Sellers Market as sales increased amid steady inventory despite the typically slow summer season. On the other hand, sales prices have remained steady as buyers’ appetite for Vero Beach homes on the mainland is still intact. We’ll keep an eye on the market for the remainder of the summer to determine the market’s strength moving forward. Sale prices continue to stabilize and slightly declined from last month, but we are seeing that the elevated prices have affected and may continue to impact sales. We still need to observe the action the rest of the summer to determine how the market will behave moving forward. Following are some statistics for this month. Vero Beach Mainland Real Estate Market Insights   In July 2024, the Vero Beach Mainland became again a Sellers Market with a 24% Sales Ratio. There were 804 homes for sale on the mainland and 193 were sold in July 2024. The inventory (homes available for sale) in July 2024 slightly decreased from June but sellers still seek the opportunity to list their homes as buyers’ demand for homes on the mainland remains intact. . As we expect a steady flow of new inventory, it will eventually keep listing and sale prices steady for a while. In July 2024, homes sold for a median of 97.29% of list price, at slightly higher level than last month as buyers were still active this month. The most active price band for Vero Beach Mainland homes was again homes priced from $500,000 to $1,000,000, with 41 sales but with sales ratio of only 17%, as buyers are still targeting higher priced homes in Vero Beach mainland. In July 2024 the median sales price slightly decrease by 4% compared to June with median price of $361,000. The most active market in July 2024 was the Southeast County area with 288 homes for sale, 86 Pending Sales, 80 sales, 3.6 months of remaining inventory (absorption rate) and a Sellers Market. For a more comprehensive market analysis for a specific Vero Beach area or neighborhood on the Mainland or any other zip code use the request form below.

The Vero Beach Real Estate Market Report for zip code 32963 in June 2024 shows that the real estate market became a Buyers Market for both Condos and Single Family homes on the barrier island amid slowing sales. Sales for condos and single family homes slightly decreased dramatically this month as demand for Vero Beach homes on the barrier island declined post strong winter season. Vero Beach real estate sale prices also decreased for both single family homes and Condos ion the barrier island in June of 2024. Following are some statistics for this month. Vero Beach Market for Single Family homes in 32963   In June 2024, the Vero Beach single-family homes market in 32963 became a Buyers Market with 13% Sales Ratio. There were 183 single family homes for sale on the island and 23 were sold in June 2024. The inventory (homes available for sale) in June 2024 decreased by 12% versus May of 2024. If inventory remains at these levels relative to demand, it is likely that will see that sale prices will adjust accordingly. Homes sold for a median of 95.48% of list price with an average of 82 Days on the Market (DOM) in June 2024, a slight decrease from last month as buyers’ were still looking for a place in Vero Beach. The most active price band for single family homes on the barrier island was again for homes between $500,000 and $1,000,000, with 7 sales and sales ratio of 22%. In June 2024 the median sales price for single-family homes decreased by 13% to $1,285,000 compared to May, as some buyers targeted lower priced single family homes on the barrier island. The most active market for single family homes on the island in June 2024 was the Central Beach area with 76 homes for sale, 25 Pending Sales, 11 sales, 6.9 months of remaining inventory (absorption rate) and a Balanced Market. The decrease in pending sales in June is an indicator that Summer could be slower for sales of single family homes on the island. Vero Beach Market for Attached Homes/Condominiums in 32963   There were 159 condos for sale on the island and only 11 were sold in June 2024. The Vero Beach condominium market in 32963 became a Buyers Market with only 7% Sales Ratio as buyers’ demand for condos on the island was muted this month. The inventory (condos available for sale) in June 2024 slightly decreased compared to May as some sellers were hesitant to lost their condos and still waiting to see a better market environment. Condos sold for a median of 96.99% of list price as the average of the Days on the Market (DOM) jumped by 82% to 104 DOM as buyers were a little more hesitant to commit to a purchase. The most active price band was for condos priced from $500,000 to $550,000, with only 2 sales and a sales ratio of 15% The median sales price for attached homes (condominiums) in June 2024 slightly decreased by 32% to $505,000 compared to May as lower priced condos appeared to be favored by the buyers. The most active market for condos in June 2024 on the barrier island was the Central Beach area with 67 condos for sale, 16 Pending Sales, 3 sales, 22.3 months of remaining inventory (absorption rate) and a Strong Buyers Market . For a more comprehensive market analysis for a specific Vero Beach area or neighborhood in 32963 or any other zip code use the request form below.

The June 2024 Real Estate Market Report for Vero Beach Mainland shows that the market became a Balanced Market as sales declined amid ample inventory and we have entered the slow summer time. However, sales prices have remained steady as buyers’ appetite for Vero Beach homes on the mainland is still intact. We’ll assess the market in the next couple of months to determine the market’s strength moving forward. Sale prices continue to stabilize and remained almost at the same level as last month, but we are seeing that the elevated prices have affected and may continue to affect sales. We still need to observe the action this summer to determine how the market will behave moving forward. Following are some statistics for this month. Vero Beach Mainland Real Estate Market Insights   In June 2024, the Vero Beach Mainland became a Balanced Market with a 19% Sales Ratio. There were 833 homes for sale on the mainland and 155 were sold in June 2024. The inventory (homes available for sale) in June 2024 slightly decreased from May but sellers still seek the opportunity to list their homes as buyers’ demand for homes on the mainland remains intact. . However, we expect that the steady flow of new inventory will keep listing and sale prices steady for a while. In June 2024, homes sold for a median of 96.94% of list price, at slightly lower level than last month as buyers were active this month. The most active price band for Vero Beach Mainland homes was again homes priced from $500,000 to $1,000,000, with 34 sales but with sales ratio of only 14%, as buyers are still targeting higher priced homes in Vero Beach mainland. In June 2024 the median sales price slightly increase by 2% compared to May with median price of $380,000. The most active market in June 2024 was the Southeast County area with 291 homes for sale, 92 Pending Sales, 55 sales, 5.3 months of remaining inventory (absorption rate) and a Sellers Market. For a more comprehensive market analysis for a specific Vero Beach area or neighborhood on the Mainland or any other zip code use the request form below.

The Vero Beach Real Estate Market Report for zip code 32963 in May 2024 shows that the real estate market was still a Balanced Market for both Condos and Single Family homes on the barrier island amid improving inventory. Sales for condos and single family homes slightly increased again this month after the strong winter season as buyers’ demand for Vero Beach homes on the barrier island remained steady. Vero Beach real estate sale prices also increased for both single family homes and Condos ion the barrier island in March of 2024. Following are some statistics for this month. Vero Beach Market for Single Family homes in 32963   In May 2024, the Vero Beach single-family homes market in 32963 was again a Balanced Market with 20% Sales Ratio. There were 208 single family homes for sale on the island and 41 were sold in May 2024. The inventory (homes available for sale) in May 2024 increased slightly by 1% versus April of 2024. If inventory remains steady relative to demand, it is likely that will see that sale prices will also stabilize. Homes sold for a median of 93.85% of list price with an average of 84 Days on the Market (DOM) in May 2024, a slight decrease from last month as buyers’ were still active post winter season. The most active price band for single family homes on the barrier island was again for homes between $500,000 and $1,000,000, with 10 sales and sales ratio of 26%. In May 2024 the median sales price for single-family homes increased by 11% to $1,475,000 compared to April, as some buyers targeted higher priced single family homes on the barrier island. The most active market for single family homes on the island in May 2024 was the Central Beach area with 82 homes for sale, 26 Pending Sales, 20 sales, and 4.1 months of remaining inventory (absorption rate) and a slight Sellers Market. The decrease in pending sales in May is an indicator that June could be a slower month for sales of single family homes on the island. Vero Beach Market for Attached Homes/Condominiums in 32963   There were 168 condos for sale on the island and 29 were sold in May 2024. The Vero Beach condominium market in 32963 was a Balanced Market with 17% Sales Ratio as buyers were active for condos on the island this month. The inventory (condos available for sale) in May 2024 remained at the same level compared to April as some sellers are still waiting to see a better economic environment to list their condos. Condos sold for a median of 94.72% of list price as the average of the Days on the Market (DOM) declined by 42% to 57 DOM as buyers were a little more eager to commit to a purchase before season’s end. The most active price band was for condos priced from $1M to $2M, with 9 sales but with a sales ratio of 29% The median sales price for attached homes (condominiums) in May 2024 slightly increased by 4% to $748,000 compared to April as higher priced condos appeared to be favored by the buyers. The most active market for condos in May 2024 on the barrier island was the Central Beach area with 73 condos for sale, 17 Pending Sales, 14 sales, 5.2 months of remaining inventory (absorption rate) and a slight Sellers Market . For a more comprehensive market analysis for a specific Vero Beach area or neighborhood in 32963 or any other zip code use the request form below.

The May 2024 Real Estate Market Report for Vero Beach Mainland shows that the market is again a Slight Sellers Market as buyers were again active this month as the winter season ended and interest rates have stabilized and more inventory became available. However, sales slightly decreased as home prices continue to increase despite buyers’ appetite for Vero Beach homes on the mainland is still intact. We’ll assess the market next month to determine the market’s strength moving forward. Sale prices continue to stabilize and remained almost at the same level as last month, but we are seeing that the elevated prices have affected and may continue to affect sales. We still need to observe the action post winter season as it will determine the market moving forward. Following are some statistics for this month. Vero Beach Mainland Real Estate Market Insights   In May 2024, the Vero Beach Mainland was again a Slight Sellers Market with a 22% Sales Ratio. There were 855 homes for sale on the mainland and 187 were sold in May 2024. The inventory (homes available for sale) in May 2024 slightly increased from April as sellers still seek the opportunity to list their homes as buyers’ demand for homes on the mainland remains intact. . However, we expect that the steady flow of new inventory will keep listing and sale prices steady for a while. In May 2024, homes sold for a median of 98.33% of list price, at slightly higher level than last month as buyers were active this month. The most active price band for Vero Beach Mainland homes was again homes priced from $500,000 to $1,000,000, with 44 sales but with sales ratio of only 18%, as buyers are still targeting higher priced homes in Vero Beach mainland. In May 2024 the median sales price slightly decrease by 2% compared to April with median price of $376,700. The most active market in May 2024 was the Central County area with 313 homes for sale, 88 Pending Sales, 74 sales, 4.2 months of remaining inventory (absorption rate) and a Sellers Market. For a more comprehensive market analysis for a specific Vero Beach area or neighborhood on the Mainland or any other zip code use the request form below.

The Vero Beach Real Estate Market Report for zip code 32963 in April 2024 shows that the real estate market became a Balanced Market for both Condos and Single Family homes on the barrier island as inventory and sales improved . The inventory for condos and single family homes slightly increased again this month as we are now at the tail end of the winter season and buyers’ demand for Vero Beach homes on the barrier island remains steady. Vero Beach real estate sales increased for both single family homes and Condos ion the barrier island in March of 2024. Following are some statistics for this month. Vero Beach Market for Single Family homes in 32963   In April 2024, the Vero Beach single-family homes market in 32963 became a Balanced Market with 20% Sales Ratio. There were 205 single family homes for sale on the island and 40 were sold in April 2024. The inventory (homes available for sale) in April 2024 decreased slightly by 6% versus March of 2024. If inventory remains steady relative to demand, it is likely that will see that sale prices will stabilize. Homes sold for a median of 93.94% of list price with an average of 95 Days on the Market (DOM) in April 2024, a slight decrease from last month as buyers’ were still active as the winter season came to an end. The most active price band for single family homes on the barrier island was again for homes between $500,000 and $1,000,000, with 12 sales and sales ratio of 36%. In April 2024 the median sales price for single-family homes decreased by 11% to $1,325,000 compared to March, as some buyers were still targeting lower priced single family homes on the island. The most active market for single family homes on the island in April 2024 was the Central Beach area with 89 homes for sale, 35 Pending Sales, 16 sales, and 5.6 months of remaining inventory (absorption rate) and a slight Buyers’ Market. The increase in pending sales is also a good indicator that May could be a good month for sales of single family homes on the island. Vero Beach Market for Attached Homes/Condominiums in 32963   There were 168 condos for sale on the island and 26 were sold in April 2024. The Vero Beach condominium market in 32963 became a Balanced Market with 15% Sales Ratio as buyers were again targeted condos on the island this month. The inventory (condos available for sale) in April 2024 decreased by 6% compared to March as some sellers are still waiting to see a better economic environment to list their condos. Condos sold for a median of 93.90% of list price but the average of the Days on the Market (DOM) jumped by 63% to 98 DOM as buyers were a little hesitant to commit to a purchase. The most active price band was for condos priced from $1M to $2M, with 4 sales but with a sales ratio of only 15% The median sales price for attached homes (condominiums) in April 2024 slightly increased by 2% to $722,500 compared to March as lower priced condos continued to be in favor for the buyers. The most active market for condos in April 2024 on the barrier island was the Central Beach area with 72 condos for sale, 30 Pending Sales, 14 sales, 5.1 months of remaining inventory (absorption rate) and a slight Sellers Market . For a more comprehensive market analysis for a specific Vero Beach area or neighborhood in 32963 or any other zip code use the request form below.

The April 2024 Real Estate Market Report for Vero Beach Mainland shows that the market is again a Slight Sellers Market and buyers were again active this month as the interest rates have stabilized, more inventory became available, and the 2024 winter season came to an end. As slightly more inventory came into the market the buyers’ appetite for Vero Beach homes on the mainland remained intact. We’ll assess the market next month to determine the market’s strength moving forward. Sale prices continue to stabilize and remained at the same level as last and the elevated prices may continue to affect sales. We still need to see whether the end of the winter season will play a role in demand and sale prices. Following are some statistics for this month. Vero Beach Mainland Real Estate Market Insights   In April 2024, the Vero Beach Mainland was again a Slight Sellers Market with a 24% Sales Ratio. There were 832 homes for sale on the mainland and 203 were sold in April 2024. The inventory (homes available for sale) in April 2024 slightly increased from March as sellers still see the opportunity amid buyers’ demand for Homes on the mainland. . The steady flow of new inventory may keep listing and sale prices steady for a while. In April 2024, homes sold for a median of 97.32% of list price, at slightly higher level than last month as buyers were active this month. The most active price band for Vero Beach Mainland homes was again homes priced from $500,000 to $1,000,000, with 47 sales but with sales ratio of only 20%, as buyers are still targeting higher priced homes in Vero Beach mainland. In April 2024 the median sales price remained at the same compared to March with median price of $385,000. The most active market in April 2024 was the Central County area with 303 homes for sale, 112 Pending Sales, 71 sales, 4.3 months of remaining inventory (absorption rate) and a Sellers Market. For a more comprehensive market analysis for a specific Vero Beach area or neighborhood on the Mainland or any other zip code use the request form below.

The Vero Beach Real Estate Market Report for zip code 32963 in March 2024 shows that the real estate market is still a Buyer’s Market for Condos but became a Balanced Market for Single Family homes on the barrier island as inventory improved . The inventory for condos and single family homes slightly increased again this month as we are now into the end of the winter season and buyers’ demand for Vero Beach homes on the barrier island remains steady. Vero Beach real estate sales increased for single family homes in March of 2024, but decreased for condos. Following are some statistics for this month. Vero Beach Market for Single Family homes in 32963   In March 2024, the Vero Beach single-family homes market in 32963 became a Balanced Market with 15% Sales Ratio. There were 219 single family homes for sale on the island and 33 were sold in March 2024. The inventory (homes available for sale) in March 2024 decreased slightly by 4% versus February of 2024. If inventory remains steady relative to demand, it is likely that will see that sale prices will stabilize. Homes sold for a median of 93.22% of list price with an average of 97 Days on the Market (DOM) in March 2024, a slight increase from last month as buyers’ were still active amid some price adjustments. The most active price band for single family homes on the barrier island was again for homes between $500,000 and $1,000,000, with 8 sales and sales ratio of only 22%. In March 2024 the median sales price for single-family homes jumped by 44% to $1,485,000 compared to February, but some buyers were still targeting lower priced single family homes on the island. The most active market for single family homes on the island in March 2024 was the Central Beach area with 95 homes for sale, 34 Pending Sales, 13 sales, and 7.3 months of remaining inventory (absorption rate) and a Balanced Market. The increase in pending sales is a good indicator that April may be a good month for sales of single family homes on the island. Vero Beach Market for Attached Homes/Condominiums in 32963   There were 179 condos for sale on the island and 24 were sold in March 2024. The Vero Beach condominium market in 32963 favored slightly the buyers and became a Buyers Market with 13% Sales Ratio as some buyers were focus on single family homes on the island this month. The inventory (condos available for sale) in March 2024 increased by 14% compared to February but some sellers are still waiting to see a better economic environment to make their move. Condos sold for a median of 96.62% of list price but the average of the Days on the Market (DOM) dropped by 38% to 60 DOM as buyers were more active as the winter season is coming to an end. The most active price band was for condos priced from $1M to $2M, with 5 sales but with a sales ratio of only 17% The median sales price for attached homes (condominiums) in March 2024 dropped by 49% to $711,500 compared to February as more lower priced condos were sold. The most active market for condos in March 2024 on the barrier island was the Central Beach area with 68 condos for sale, 33 Pending Sales, 14 sales, 4.9 months of remaining inventory (absorption rate) and a Sellers Market . For a more comprehensive market analysis for a specific Vero Beach area or neighborhood in 32963 or any other zip code use the request form below.

The March 2024 Real Estate Market Report for Vero Beach Mainland shows that the market became a Slight Sellers Market as buyers were more active this month despite the increase in interest rates and more inventory became available as we are at the end of the 2024 winter season. As more inventory is coming into the market we need to see buyers’ appetite for Vero beach homes on the mainland to assess the strength of the market moving forward. Sale prices continue to stabilize and slightly increased amid continued demand, but the elevated prices may continue to affect sales. We still need to see whether the end of the winter season will play a role in demand and sale prices. Following are some statistics for this month. Vero Beach Mainland Real Estate Market Insights   In March 2024, the Vero Beach Mainland moved to a Slight Sellers Market with a 21% Sales Ratio. There were 825 homes for sale on the mainland and 174 were sold in March 2024. The inventory (homes available for sale) in March 2024 slightly increased from February as sellers still see the opportunity amid the influx of buyers during the winter season. The steady flow of new inventory may keep listing and sale prices steady for a while. In March 2024, homes sold for a median of 96.84% of list price, at slightly lower level than last month as buyers have more choices amid increased inventory. The most active price band for Vero Beach Mainland homes was again homes priced from $500,000 to $1,000,000, with 47 sales but with sales ratio of only 20%, as buyers are still targeting higher priced homes in Vero Beach mainland which are lower than the high prices of homes on the barrier island. In March 2024 the median sales price slightly increased by 3% compared to February with median price at $385,000. The most active market in March 2024 was the Central County area with 288 homes for sale, 116 Pending Sales, 64 sales, 4.5 months of remaining inventory (absorption rate) and a Sellers Market. For a more comprehensive market analysis for a specific Vero Beach area or neighborhood on the Mainland or any other zip code use the request form below.

The Vero Beach Real Estate Market Report for zip code 32963 in February 2024 shows that the real estate market is still a Buyer’s Market for Single Family homes but sales of condos on the Vero Beach barrier island were improved we ate now in a Balanced Market for condos on the island. . The inventory for both condos and single family homes was increased again this month as we are now officially in the middle of the winter season as buyers’ demand for Vero Beach homes on the barrier island remains steady. Vero Beach real estate sales increased for condos but decreased for single family homes in February of 2024. Following are some statistics for this month. Vero Beach Market for Single Family homes in 32963   In February 2024, the Vero Beach single-family homes market in 32963 was again a Buyer’s Market with only 7% Sales Ratio. There were 228 single family homes for sale on the island but only 15 were sold in February 2024. The inventory (homes available for sale) in February 2024 increased by 213% versus January of 2024. If inventory continues to increase relative to demand, it is likely that will continue to see more price adjustments. Homes sold for a median of 88.89% of list price with an average of 101 Days on the Market (DOM) in February 2024, a slight decrease from last month as buyers’ were still bidding down list prices. The most active price band for single family homes on the barrier island was again for homes between $500,000 and $1,000,000, with 7 sales and sales ratio of only 18%. In February 2024 the median sales price for single-family homes decreased by 19% to $1,050,000 compared to January, as some buyers were targeting lower priced single family homes on the island. The most active market for single family homes on the island in February 2024 was the Central Beach area with 95 homes for sale, 30 Pending Sales, but only 2 sales, and 47.5 months of remaining inventory (absorption rate) and a Strong Buyers Market. The increase in pending sales will determine next month’s market status. Vero Beach Market for Attached Homes/Condominiums in 32963   There were 157 condos for sale on the island and 30 were sold in February 2024. The Vero Beach condominium market in 32963 became a Balanced Market with 19% Sales Ratio as some buyers were actively pursued condos on the island. The inventory (condos available for sale) in February 2024 increased by 10% compared to January as some sellers are waiting to see a better economic environment as we are now in the middle of the traditionally strong winter season. Condos sold for a median of 98.06% of list price but the average of the Days on the Market (DOM) jumped to 96 as buyers were somewhat hesitant to commit to a purchase. The most active price band was for condos priced over $2,000,000, with 13 sales and an impressive sales ratio of 93%! The median sales price for attached homes (condominiums) in February 2024 jumped by 45% to $1,399,500 compared to January. The most active market for condos in February 2024 on the barrier island was the Central Beach area with 59 condos for sale, 30 Pending Sales, 17 sales, 3.5 months of remaining inventory (absorption rate) and a Sellers Market . For a more comprehensive market analysis for a specific Vero Beach area or neighborhood in 32963 or any other zip code use the request form below.

The February 2024 Real Estate Market Report for Vero Beach Mainland shows that the market became a Balanced Market as buyers were again hesitant to make a move even as interest rates have stabilized and more inventory became available as we are now in the middle of the 2024 winter season. As more inventory is coming into the market while buyers’ demand has slightly subsided, we are expecting to see some price adjustments moving forward. Sale prices continue to stabilize and slightly increase amid slowing activity as the price adjustments are indicating that the elevated prices continue to affect sales. We still need to see whether the rest of the winter season will play a role in demand and sale prices. Following are some statistics for this month. Vero Beach Mainland Real Estate Market Insights   In February 2024, the Vero Beach Mainland moved to a Balanced Market with a 14% Sales Ratio. There were 790 homes for sale on the mainland but only 125 were sold in February 2024. The inventory (homes available for sale) in February 2024 slightly increased from January as sellers still see the opportunity amid the influx of buyers during the traditionally strong winter season. The steady flow of new inventory may keep listing and sale prices steady for a while. In February 2024, homes sold for a median of 97.56% of list price, at slightly higher level than last month as buyers have more choices amid stabilizing prices. The most active price band for Vero Beach Mainland homes was again homes priced from $500,000 to $1,000,000, with 32 sales but with sales ratio of only 15%, as buyers are still targeting higher priced homes in Vero Beach mainland but still lower than the high prices of homes on the barrier island. In February 2024 the median sales price slightly increased by 4% compared to January with median price at $375,000. The most active market in February 2024 was again the Southeast County area with 292 homes for sale, 93 Pending Sales, 57 sales, 5.1 months of remaining inventory (absorption rate) and a Sellers Market. For a more comprehensive market analysis for a specific Vero Beach area or neighborhood on the Mainland or any other zip code use the request form below.

The Vero Beach Real Estate Market Report for zip code 32963 in January 2024 shows that the real estate market is still a Buyer’s Market for both Single Family homes and condos on the Vero Beach barrier island. . The inventory for both condos and single family homes was increased again this month as we are now officially in the winter season and buyers’ demand for Vero Beach homes on the barrier island remains steady. Vero Beach real estate sales decreased for condos bur increased for single family homes in January 2024 and slightly higher than the same period in 2023. Following are some statistics for this month. Vero Beach Market for Single Family homes in 32963   In January 2024, the Vero Beach single-family homes market in 32963 was a Buyer’s Market with only 10% Sales Ratio. There were 202 single family homes for sale on the island and 21 were sold in January 2024. The inventory (homes available for sale) in January 2024 increased by 22% versus December of 2023. If inventory continues to increase relative to demand, it is likely that will see some more price adjustments, but that could change as we get more into the traditionally strong winter season. Homes sold for a median of 94.14% of list price with an average of 98 Days on the Market (DOM) in January 2024, a slight increase from last month as buyers’ were still bidding down listing prices. The most active price band for single family homes on the barrier island was again for homes between $500,000 and $1,000,000, with 7 sales and sales ratio of only 19%. In January 2024 the median sales price for single-family homes jumped by 49% to $1,300,000 compared to December, as some buyers were targeting higher priced homes on the island. The most active market for single family homes on the island in January 2024 was the South Beach area with 46 homes for sale, 10 Pending Sales, 6 sales, and 7.7 months of remaining inventory (absorption rate) and a Balanced Market. Vero Beach Market for Attached Homes/Condominiums in 32963   There were 139 condos for sale on the island and 14 were sold in January 2024. The Vero Beach condominium market in 32963 was a Buyer’s Market with only 10% Sales Ratio as some buyers were sitting on the sidelines possibly waiting for an increase in inventory and possibly lower interest rates. The inventory (condos available for sale) in January 2024 increased by 10% compared to December but more sellers are waiting to see a better economic environment as we are now in the winter season. Condos sold for a median of 97.27% of list price with an average of only 21 Days on the Market (DOM) as those buyers were quick to grab a condo on the island. The most active price band was for condos priced from $1,000,000 to $2,000,000, with 4 sales but with a sales ratio of only 19% The median sales price for attached homes (condominiums) in January 2024 jumped by 45% to $995,000 compared to December. The most active market for condos in January 2024 on the barrier island was the Central Beach area with 54 condos for sale, 33 Pending Sales, 4 sales, but 13.5 months of remaining inventory (absorption rate) and a Buyer’s Market . For a more comprehensive market analysis for a specific Vero Beach area or neighborhood in 32963 or any other zip code use the request form below.

The January 2024 Real Estate Market Report for Vero Beach Mainland shows that we are now in a slight Buyer’s Market as buyers were more hesitant to make a move even as interest rates slightly decreased but more inventory as we got into the 2024 winter season. We continue to see more inventory coming into the market while buyers’ demand has slightly subsided. Sale prices continue to stabilize amid slowing activity with more price adjustments showing that the elevated prices continue to affect sales. We still need to see whether the winter season will play a role in demand and sale prices. Following are some statistics for this month. Vero Beach Mainland Real Estate Market Insights   In January 2024, the Vero Beach Mainland moved to a slight Buyer’s Market with a 14% Sales Ratio. There were 779 homes for sale on the mainland and only 109 were sold in January 2024. The inventory (homes available for sale) in January 2024 increased by 20% from December as sellers see the influx of buyers as we entered the traditionally strong winter season. The steady flow of new inventory may keep listing and sale prices steady for a while. In January 2024, homes sold for a median of 96.48% of list price, at slightly lower level than last month as buyers have more choices amid stabilizing prices. The most active price band for Vero Beach Mainland homes was again homes priced from $500,000 to $1,000,000, with 29 sales but with sales ratio of only 12%, as buyers are still targeting higher priced homes in Vero Beach mainland but still lower than the high prices on the barrier island. In January 2024 the median sales price slightly increased by 3% compared to December with median price at $361,000. The most active market in January 2024 was again the Southeast County area with 274 homes for sale, 87 Pending Sales, 48 sales, 5.7 months of remaining inventory (absorption rate) and a Sellers Market. For a more comprehensive market analysis for a specific Vero Beach area or neighborhood on the Mainland or any other zip code use the request form below.