The Vero Beach Real Estate Market Report for zip code 32963 in December 2023 shows that the real estate market status has changed for both Single Family homes and condos on the island as we now are in a Buyer’s Market on the Vero Beach barrier island. . The inventory of condos was increased again this month as we are entering the winter season as buyers’ demand for Vero Beach homes on the barrier island remains steady. Vero Beach real estate sales decreased in December 2023 and slightly higher than the same period in 2022. Following are some statistics for this month. Vero Beach Market for Single Family homes in 32963   In December 2023, the Vero Beach single-family market in 32963 was a Buyer’s Market with only 11% Sales Ratio. There were 169 single family homes for sale on the island and 19 were sold in December 2023. The inventory (homes available for sale) in December 2023 decreased slightly by 4% versus last month. If inventory starts to increase relative to demand, it is likely that will see some price adjustments, but that could change as we enter the traditionally strong winter season. Homes sold for a median of 91.21% of list price with an average of 88 Days on the Market (DOM) in December 2023, a decrease from last month as buyers’ were reluctant to accept the 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 only 5 sales and sales ratio of 42%. In December 2023 the median sales price for single-family homes dropped by 38% to $870,000 compared to November, as some buyers gravitated towards lower priced homes on the island. The most active market for single family homes on the island in December 2023 was the Central Beach area with 70 homes for sale, 15 Pending Sales, 9 sales, and 7.8 months of remaining inventory (absorption rate) and a Balanced Market. Vero Beach Market for Attached Homes/Condominiums in 32963   There were 126 condos for sale on the island and 16 were sold in December 2023. The Vero Beach condominium market in 32963 was a Buyer’s Market with 13% 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 December 2023 increased by 18% compared to November but more sellers are waiting to see a better economic environment in anticipation for the upcoming season. Condos sold for a median of 94.47% of list price with an average of 58 Days on the Market (DOM) in December 2023. The most active price band was for condos priced from $800,000 to $1,000,000, with 4 sales and a sales ratio of 27% The median sales price for attached homes (condominiums) in December 2023 dropped by 27% to $687,500 compared to November. The most active market for condos in December 2023 on the barrier island was the Central Beach area with 52 condos for sale, 26 Pending Sales, 10 sales, 5.2 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 December 2023 Real Estate Market Report for Vero Beach Mainland shows that we are in a Balanced Market as buyers were more hesitant to make a move possibly anticipating an increase in inventory as we enter the winter season, and possibly lower interest and mortgage rates. We continue to see healthy inventory while buyers’ demand 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 December 2023, the Vero Beach Mainland was a Balanced Market with a 18% Sales Ratio. There were 651 homes for sale on the mainland and 117 were sold in December 2023. The inventory (homes available for sale) in December 2023 slightly decreased by 4% from November as sellers are anticipating an influx of buyers and a strong winter season. The steady flow of new inventory may keep listing and sale prices steady for a while. In December 2023, homes sold for a median of 97.82% of list price, at slightly higher level than last month 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 25 sales but with sales ratio of only 13%, and buyers are still targeting higher priced homes in Vero Beach mainland moving away from the high prices on the barrier island. In December 2023 the median sales price slightly increased by only 1% compared to November with median price at $350,000. The most active market in December 2023 was again the Southeast County area with 243 homes for sale, 67 Pending Sales, 44 sales, 5.5 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 November 2023 shows that the real estate market status has changed also for condos on the island as we now are in a Buyers Market along with the single family homes. The inventory was increased again this month in anticipation for the winter season but buyers’ demand for Vero Beach homes on the barrier island hasn’t increased yet.Vero Beach real estate sales decreased in November 2023 and slightly higher than the same period in 2022. Following are some statistics for this month.Vero Beach Market for Single Family homes in 32963In November 2023, the Vero Beach single-family market in 32963 was a Buyers Market with only 11% Sales Ratio.There were 173 single family homes for sale on the island and only 19 were sold in November 2023.The inventory (homes available for sale) in November 2023 increased by 5% versus last month. If inventory starts to increase relative to demand, it is likely that will see some more price adjustments, at least until the traditionally strong winter season.Homes sold for a median of 95.73% of list price with an average of 114 Days on the Market (DOM) in November 2023, a slight decrease from last month but buyers’ demand is still subsiding. 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 5 sales and sales ratio of 14%.In November 2023 the median sales price for single-family homes increased by 18% to $1,395,000 compared to October, as some buyers grabbed higher priced homes on the island.The most active market for single family homes on the island in November 2023 was the Central Beach area with 71 homes for sale, 19 Pending Sales, 9 sales, and 7.9 months of remaining inventory (absorption rate) and a Balanced Market.Vero Beach Market for Attached Homes/Condominiums in 32963There were 107 condos for sale on the island and only 14 were sold in November 2023.The Vero Beach condominium market in 32963 became a Buyers Market with 13% Sales Ratio as some buyers were siting on the sidelines possibly anticipating lower interest rates.The inventory (condos available for sale) in November 2023 increased by 18% compared to October but more sellers are waiting to see a better economic environment in anticipation for the upcoming season.Condos sold for a median of 94.84% of list price with an average of 120 Days on the Market (DOM) in November 2023.The most active price band was for condos priced from $800,000 to $1,000,000, with 4 sales and a sales ratio of 27%The median sales price for attached homes (condominiums) in November 2023 decreased by 18% to $945,000 compared to October.The most active market for condos in November 2023 on the barrier island was the Central Beach area with 46 condos for sale, 32 Pending Sales, 7 sales, 6.6 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.var gform;gform||(document.addEventListener("gform_main_scripts_loaded",function(){gform.scriptsLoaded=!0}),window.addEventListener("DOMContentLoaded",function(){gform.domLoaded=!0}),gform={domLoaded:!1,scriptsLoaded:!1,initializeOnLoaded:function(o){gform.domLoaded&&gform.scriptsLoaded?o():!gform.domLoaded&&gform.scriptsLoaded?window.addEventListener("DOMContentLoaded",o):document.addEventListener("gform_main_scripts_loaded",o)},hooks:{action:{},filter:{}},addAction:function(o,n,r,t){gform.addHook("action",o,n,r,t)},addFilter:function(o,n,r,t){gform.addHook("filter",o,n,r,t)},doAction:function(o){gform.doHook("action",o,arguments)},applyFilters:function(o){return gform.doHook("filter",o,arguments)},removeAction:function(o,n){gform.removeHook("action",o,n)},removeFilter:function(o,n,r){gform.removeHook("filter",o,n,r)},addHook:function(o,n,r,t,i){null==gform.hooks[o][n]&&(gform.hooks[o][n]=[]);var e=gform.hooks[o][n];null==i&&(i=n+"_"+e.length),gform.hooks[o][n].push({tag:i,callable:r,priority:t=null==t?10:t})},doHook:function(n,o,r){var t;if(r=Array.prototype.slice.call(r,1),null!=gform.hooks[n][o]&&((o=gform.hooks[n][o]).sort(function(o,n){return o.priority-n.priority}),o.forEach(function(o){"function"!=typeof(t=o.callable)&&(t=window[t]),"action"==n?t.apply(null,r):r[0]=t.apply(null,r)})),"filter"==n)return r[0]},removeHook:function(o,n,t,i){var r;null!=gform.hooks[o][n]&&(r=(r=gform.hooks[o][n]).filter(function(o,n,r){return!!(null!=i&&i!=o.tag||null!=t&&t!=o.priority)}),gform.hooks[o][n]=r)}}); Neighborhood Market Insights Name:* First Last Email:* Phone:Message:I am interested in getting information about the market in my neighborhood. Type neighborhood here =>

The November 2023 Real Estate Market Report for Vero Beach Mainland shows that we have moved to a Balanced Market as buyers were hesitant to make a move possibly anticipating lower interest and mortgage rates. We continue to see increase in the inventory while buyers’ demand has subsided. Sale prices continue to stabilize amid slowing activity with more price adjustments showing that the elevated prices are affecting sales. We still need to see whether the upcoming 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 November 2023, the Vero Beach Mainland moved to a more Balanced Market with a 17% Sales Ratio. There were 679 homes for sale on the mainland but only 114 were sold in November 2023. The inventory (homes available for sale) in November 2023 increased by 16% from October as more sellers are anticipating a strong winter season when snowbirds arrive. The steady flow of new inventory may keep listing and sale prices steady for a while. In November 2023, homes sold for a median of 97.39% of list price, at slightly higher level than last month 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 25 sales but with sales ratio of only 12%, and buyers are still targeting higher priced homes in Vero Beach mainland. In November 2023 the median sales price slightly increased by 3% compared to October with median price at $352,500. The most active market in November 2023 was again the Southeast County area with 264 homes for sale, 67 Pending Sales, 44 sales, 6 months of remaining inventory (absorption rate) and barely 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 October 2023 shows that the real estate market status remains the same with condos in balanced market and single family homes in a buyers market. The inventory was slightly increased again this month in anticipation for the winter season but buyers’ demand for Vero Beach homes on the barrier island continues to subside.Vero Beach real estate sales increased in October 2023 and slightly higher than the same period in 2022. Following are some statistics for this month.Vero Beach Market for Single Family homes in 32963In October 2023, the Vero Beach single-family market in 32963 was a Buyers Market with only 11% Sales Ratio.There were 164 single family homes for sale on the island and only 18 were sold in October 2023.The inventory (homes available for sale) in October 2023 increased by 20% versus last month. If inventory starts to increase relative to demand, it is likely that will see some more price adjustments, at least until the winter season arives.Homes sold for a median of 93.04% of list price with an average of 118 Days on the Market (DOM) in October 2023, a big jump from last month and an evidence of buyers demand is subsiding. 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 4 sales and sales ratio of 12%.In October 2023 the median sales price for single-family homes jumped by 38% to $1,180,000 compared to September, as some buyers grabbed higher priced homes on the island.The most active market for single family homes on the island in October 2023 was the Central Beach area with 63 homes for sale, 17 Pending Sales, 7 sales, and 9.0 months of remaining inventory (absorption rate) and a Buyers Market. However, South Beach area slightly favored the sellers.Vero Beach Market for Attached Homes/Condominiums in 32963There were 91 condos for sale on the island and only 16 were sold in October 2023.The Vero Beach condominium market in 32963 remained in a Balanced Market with 18% Sales Ratio as buyers are still interested in condos on the island and the higher priced ones.The inventory (condos available for sale) in October 2023 increased by 18% compared to September but more sellers are waiting to see a better economic environment in anticipation for the upcoming season.Condos sold for a median of 97.55% of list price with an average of 55 Days on the Market (DOM) in October 2023.The most active price band was for condos priced from $800,000 to $1,000,000, with 4 sales and a sales ratio of 25%The median sales price for attached homes (condominiums) in October 2023 jumped by 38% to $1,147,500 compared to September as more higher priced condos were sold on the island.The most active market for condos in October 2023 on the barrier island was the Central Beach area with 42 condos for sale, 29 Pending Sales, 9 sales, 4.7 months of remaining inventory (absorption rate) and a Sellers Market.For a more comprehensive market analysis for a specific Vero Beach area or neighborhood in 32963 or any other zip code use the request form below.var gform;gform||(document.addEventListener("gform_main_scripts_loaded",function(){gform.scriptsLoaded=!0}),window.addEventListener("DOMContentLoaded",function(){gform.domLoaded=!0}),gform={domLoaded:!1,scriptsLoaded:!1,initializeOnLoaded:function(o){gform.domLoaded&&gform.scriptsLoaded?o():!gform.domLoaded&&gform.scriptsLoaded?window.addEventListener("DOMContentLoaded",o):document.addEventListener("gform_main_scripts_loaded",o)},hooks:{action:{},filter:{}},addAction:function(o,n,r,t){gform.addHook("action",o,n,r,t)},addFilter:function(o,n,r,t){gform.addHook("filter",o,n,r,t)},doAction:function(o){gform.doHook("action",o,arguments)},applyFilters:function(o){return gform.doHook("filter",o,arguments)},removeAction:function(o,n){gform.removeHook("action",o,n)},removeFilter:function(o,n,r){gform.removeHook("filter",o,n,r)},addHook:function(o,n,r,t,i){null==gform.hooks[o][n]&&(gform.hooks[o][n]=[]);var e=gform.hooks[o][n];null==i&&(i=n+"_"+e.length),gform.hooks[o][n].push({tag:i,callable:r,priority:t=null==t?10:t})},doHook:function(n,o,r){var t;if(r=Array.prototype.slice.call(r,1),null!=gform.hooks[n][o]&&((o=gform.hooks[n][o]).sort(function(o,n){return o.priority-n.priority}),o.forEach(function(o){"function"!=typeof(t=o.callable)&&(t=window[t]),"action"==n?t.apply(null,r):r[0]=t.apply(null,r)})),"filter"==n)return r[0]},removeHook:function(o,n,t,i){var r;null!=gform.hooks[o][n]&&(r=(r=gform.hooks[o][n]).filter(function(o,n,r){return!!(null!=i&&i!=o.tag||null!=t&&t!=o.priority)}),gform.hooks[o][n]=r)}}); Neighborhood Market Insights Name:* First Last Email:* Phone:Message:I am interested in getting information about the market in my neighborhood. Type neighborhood here =>

The October 2023 Real Estate Market Report for Vero Beach Mainland shows that we continue to be in a Sellers Market with buyers still looking for homes on the mainland while we have started seeing an increase in the inventory. Sales were again slightly decreased as the increase in sale prices took a break. Sale prices are stabilizing amid slowing activity with some more price adjustments indicating that the elevated prices continue to affect sales. We still need to see whether the upcoming 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 October 2023, the Vero Beach Mainland remained a Sellers Market with a 23% Sales Ratio. There were 585 homes for sale on the mainland but only 134 were sold in October 2023. The inventory (homes available for sale) in October 2023 increased slightly from September but sellers are still hesitating to list their homes amid ongoing increases in interest rates. The steady flow of new inventory may keep listing and sale prices steady for a while. In October 2023, homes sold for a median of 96.43% of list price, at slightly lower level than last month as prices are stabilizing. The most active price band for Vero Beach Mainland homes was again homes priced from $500,000 to $1,000,000, with 22 sales but with sales ratio of only 13%, and buyers are still targeting higher priced homes in Vero Beach mainland. In October 2023 the median sales price slightly decreased by 5% compared to September with median price at $347,500. The most active market in October 2023 was again the Southeast County area with 236 homes for sale, 73 Pending Sales, 53 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 September 2023 shows that we are in a holding pattern with condos in balanced market and single family homes in a buyers market. The inventory was slightly increased this month in anticipation for the winter season but buyers’ demand for Vero Beach homes on the barrier island continues to wane. Vero Beach real estate sales decreased again in September 2023 and almost at the same levels as the same period in 2022. Following are some statistics for this month. Vero Beach Market for Single Family homes in 32963   In September 2023, the Vero Beach single-family market in 32963 was a Buyers Market with only 11% Sales Ratio. There were 139 single family homes for sale on the island and only 15 were sold in September 2023. The inventory (homes available for sale) in September 2023 increased slightly versus last month. If inventory continues to remain steady relative to demand, it is likely that will see some price adjustments moving forward, at least until the winter season. Homes sold for a median of 93% of list price with an average of 57 Days on the Market (DOM) in September 2023, an evidence of buyers demand is waning. 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 31%. In September 2023 the median sales price for single-family homes dropped by 40% to $870,000 compared to August, as buyers were focusing on lower priced homes on the island. The most active market for single family homes on the island in September 2023 was the Central Beach area with 58 homes for sale, 17 Pending Sales, 5 sales, and 11.6 months of remaining inventory (absorption rate) and a Buyers Market. Vero Beach Market for Attached Homes/Condominiums in 32963   There were 77 condos for sale on the island and only 14 were sold in September 2023. The Vero Beach condominium market in 32963 moved to a Balanced Market with 18% Sales Ratio as buyers are still interested in condos on the island but assessing the higher list prices and higher interest rates. The inventory (condos available for sale) in September 2023 increased by 15% compared to August but more sellers are waiting to see whether better economic environment in anticipation for the upcoming season. Condos sold for a median of 95.90% of list price with an average of 73 Days on the Market (DOM) in September 2023. The most active price band was for condos priced from $800,000 to $1,000,000, with 4 sales and a sales ratio of 25% The median sales price for attached homes (condominiums) in September 2023 almost doubled and increased by 93% to $830,000 compared to August as more higher priced condos were sold on the island. The most active market for condos in September 2023 on the barrier island was the Central Beach area with 33 condos for sale, 33 Pending Sales, 4 sales, 8.3 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 2023 Real Estate Market Report for Vero Beach Mainland shows that we continue to have a Sellers Market with buyers continue to actively looking for homes on the mainland trying to find good value amid low inventory. Sales were again slightly decreased but sale prices edged higher. Sale prices are stabilizing amid slowing activity with some price adjustments indicating that the elevated prices continue to affect sales. We wait to see whether the upcoming winter season play a role in demand and sale prices. Following are some statistics for this month. Vero Beach Mainland Real Estate Market Insights   In September 2023, the Vero Beach Mainland was again a Sellers Market with a 29% Sales Ratio. There were 535 homes for sale on the mainland but only 154 were sold in September 2023. The inventory (homes available for sale) in September 2023 increased slightly from August as sellers are still hesitating to list their homes amid ongoing increases in interest rates. The steady flow of new inventory may keep listing and sale prices steady. In September 2023, homes sold for a median of 97.84% of list price, at slightly lower level than last month as prices are still rising. 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 23%, as buyers are still targeting higher priced homes in Vero Beach mainland. In September 2023 the median sales price slightly increased by 4% compared to August with median price at $367,500. The most active market in September 2023 was again the Southeast County area with 204 homes for sale, 74 Pending Sales, 62 sales, 3.3 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 August 2023 shows that we have shifted to a more balanced market with condos moving to a buyers market. The inventory was slightly decreased again this month with buyers’ demand for Vero Beach homes on the barrier island continues to wane amid low inventory and higher interest rates. Vero Beach real estate sales decreased dramatically in August 2023 and almost at par with the same period in 2022. Following are some statistics for this month. Vero Beach Market for Single Family homes in 32963   In August 2023, the Vero Beach single-family market in 32963 was a Balanced Market with 15% Sales Ratio. There were 130 single family homes for sale on the island and only 19 were sold in August 2023. The inventory (homes available for sale) in August 2023 remained almost at the same level as last month. If inventory continues to remain steady relative to demand, it is likely that will be affecting sale prices, as we continue to see more price reductions. Homes sold for a median of 94.74% of list price in August 2023, an evidence of buyers demand is waning. 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 6 sales and sales ratio of 27%. In August 2023 the median sales price for single-family homes decreased by 8% to $1,442,500 compared to July. The most active market for single family homes on the island in August 2023 was the South Beach area with 29 homes for sale, 9 Pending Sales, 7 sales, and 4.1 months of remaining inventory (absorption rate) and a Sellers Market. Vero Beach Market for Attached Homes/Condominiums in 32963   There were 67 condos for sale on the island and only 8 were sold in August 2023. The Vero Beach condominium market in 32963 moved to a buyers market with only 12% Sales Ratio as buyers are assessing the higher list prices amid higher interest rates. The inventory (condos available for sale) in August 2023 decreased by 6% compared to July as sellers are reluctant to list their condos amid higher interest rates and economic slow down. Condos sold for a median of 96.94% of list price with an average of 64 Days on the Market (DOM) in August 2023, as buyers’ demand for condos on the island (area code 32963) appears to be waning. The most active price band was for condos priced from $400,000 to $450,000, with only 3 sales and a sales ratio of 50% The median sales price for attached homes (condominiums) in August 2023 dropped by 20% to $430,000 compared to July as more lower priced condos were sold on the island. The most active market for condos in August 2023 on the barrier island was the Beach City area with 28 condos for sale, 6 Pending Sales, 4 sales, 7.0 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 August 2023 Real Estate Market Report for Vero Beach Mainland shows that we are still in a Sellers Market with buyers continue to actively searching for homes on the mainland looking for value amid higher interest rates and low inventory. Sales were slightly decreased but sale prices remain steady. Sale prices are stabilizing amid slowing activity and some price reductions indicating that the elevated prices continue to affect sales. Following are some statistics for this month. Vero Beach Mainland Real Estate Market Insights   In August 2023, the Vero Beach Mainland was again a Sellers Market with a 33% Sales Ratio. There were 480 homes for sale on the mainland but only 157 were sold in August 2023. The inventory (homes available for sale) in August 2023 remained steady from July as sellers are hesitating to list their homes amid increasing interest rates. The steady flow of new inventory may keep listing and sale prices steady. In August 2023, homes sold for a median of 98.36% of list price, at slightly higher level as last month as prices are stabilizing. 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 20%, with buyers still targeting higher priced homes in Vero Beach mainland. In August 2023 the median sales price slightly increased by 3% compared to July with median price at $350,000. The most active market in August 2023 was again the Southeast County area with 181 homes for sale, 93 Pending Sales, 65 sales, 2.8 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 July 2023 shows that we experienced some divergence between the condo market which is still a sellers market and the single family homes market is now a balanced market. The inventory was slightly decreased while buyers’ demand for Vero Beach homes on the barrier island has waned a bit as we had fewer sales. Vero Beach real estate sales slightly decreased again in July 2023 but surpassed the sales during the same period in 2022. Following are some statistics for this month. Vero Beach Market for Single Family homes in 32963   In July 2023, the Vero Beach single-family market in 32963 was a Balanced Market with 19% Sales Ratio. There were 128 single family homes for sale on the island and only 24 were sold in July 2023. The inventory (homes available for sale) slightly decreased in July 2023 but still 148% higher than the same period in 2022. If inventory continues to remain steady relative to demand, it is likely that will be affecting pricies, as we continue to see more price reductions. Homes sold for a median of 95.26% of list price in July 2023, an evidence of buyers are negotiating on list prices. The most active price band for single family homes on the barrier island was for homes between $500,000 and $1,000,000, with 8 sales and sales ratio of 33%. In July 2023 the median sales price for single-family homes increased by 7% to $1,562,500 compared to June. The most active market for single family homes on the island in July 2023 was again the Central Beach area with 48 homes for sale, 14 Pending Sales, 8 sales, and 6.0 months of remaining inventory (absorption rate) and barely a Sellers Market. Vero Beach Market for Attached Homes/Condominiums in 32963   There were 71 condos for sale on the island and 19 were sold in July 2023. The Vero Beach condominium market in 32963 continues to be a favorite with buyers and it is still a Sellers Market with an 27% Sales Ratio amid steady inventory. The inventory (condos available for sale) in July 2023 slightly increased by 1% compared to June and still 125% higher than the same period last year. Condos sold for a median of 95.92% of list price with an average of 70 Days on the Market (DOM) in July 2023, as buyers’ demand for condos on the island (area code 32963) is still intact. The most active price band was for condos priced from $1,000,000 to $2,000,000, with 4 sales and a sales ratio of 31% The median sales price for attached homes (condominiums) in July 2023 dropped by 46% to $536,000 compared to June as more lower priced condos were sold on the island. The most active market for condos in July 2023 on the barrier island was again the Central Beach area with 21 condos for sale, 32 Pending Sales, 13 sales, 1.6 months of remaining inventory (absorption rate) and a Sellers Market. For a more comprehensive market analysis for a specific Vero Beach area or neighborhood in 32963 or any other zip code use the request form below.  

The July 2023 Real Estate Market Report for Vero Beach Mainland shows that we are still in a Sellers Market with buyers continue to actively look for homes on the mainland even in the heart of the summer season. However, sales and sale prices slightly decreased amid steady inventory. Sale prices are stabilizing as we continue to see some price reductions indicating that the elevated prices have affected sales. Following are some statistics for this month. Vero Beach Mainland Real Estate Market Insights   In July 2023, the Vero Beach Mainland was again a Sellers Market with a 37% Sales Ratio. There were 479 homes for sale on the mainland but only 175 were sold in July 2023. The inventory (homes available for sale) in July 2023 slightly decreased by 2% from June but still 153% higher compared to the same month in 2022. The decrease in inventory is certainly a welcoming sign for the sellers keeping listing and sale prices steady. In July 2023, homes sold for a median of 96.77% of list price, at almost the same level as last month as prices are stabilizing. The most active price band for Vero Beach Mainland homes was again homes priced from $500,000 to $1,000,000, with 34sales and sales ratio of only 26%, as buyers are targeting higher priced homes in Vero Beach mainland. In July 2023 the median sales price slightly decreased by 3% compared to June with median price at $342,500. The most active market in July 2023 was again the Southeast County area with 173 homes for sale, 107 Pending Sales, 67 sales, 2.6 months of remaining inventory (absorption rate) and a Strong 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 2023 shows that we continue to be in a sellers market for both single family homes and condos on the island as buyers were very active even as we entered the summer season. The inventory was slightly increased while buyers’ demand for Vero Beach homes on the barrier island is still intact resulting in more slaes and higher sale prices. Vero Beach real estate sales slightly increased again in June 2023 and also surpassed the sales during the same period in 2022. Following are some statistics for this month. Vero Beach Market for Single Family homes in 32963   In June 2023, the Vero Beach single-family market in 32963 was still a Sellers Market with 35% Sales Ratio. There were 136 single family homes for sale on the island and 48 were sold in June 2023. The inventory (homes available for sale) slightly increased in June 2023 and still 175% higher than the same period in 2022. If inventory continues to remain steady relative to demand, it is likely that will affect pricing, as we continue to see more price reductions. Homes sold for a median of 94.70% of list price in June 2023, an evidence of buyers bidding down list prices. The most active price band for single family homes on the barrier island was was for homes between $1,500,000 and $2,000,000, with 8 sales and sales ratio of 38%. In June 2023 the median sales price for single-family homes increased by 12% to $1,455,000 compared to May. The most active market for single family homes on the island in June 2023 was again the Central Beach area with 43 homes for sale, 16 Pending Sales, 17 sales, and 2.5 months of remaining inventory (absorption rate) and a Strong Sellers Market. Vero Beach Market for Attached Homes/Condominiums in 32963   There were 70 condos for sale on the island and 219 were sold in June 2023. The Vero Beach condominium market in 32963 continues to be a favorite with buyers and it is a Sellers Market with an 27% Sales Ratio amid steady inventory. The inventory (condos available for sale) in June 2023 slightly increased by 4% compared to May and still 143% higher than the same period last year. Condos sold for a median of 100% of list price with an average of 43 Days on the Market (DOM) in June 2023, as strong buyers’ demand and sales of higher priced condos on the island (area code 32963) keep median price high. The most active price band was for condos priced over $2,000,000, with 6 sales and a sales ratio of 75% The median sales price for attached homes (condominiums) in June 2023 jumped by 53% to $988,000 compared to May as more higher priced condos were sold. The most active market for condos in June 2023 on the barrier island was again the Central Beach area with 23 condos for sale, 38 Pending Sales, 8 sales, 2.9 months of remaining inventory (absorption rate) and a Sellers Market. The increase agin in Pending Sales indicates that buyers’ appetite for condos on the island is still intact. 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 2023 Real Estate Market Report for Vero Beach Mainland shows that we continue to be in a Sellers Market with buyers actively looking for homes on the mainland even as the summer season came upon us. Sales and sale prices remained at almost the same levels as the previous month while the inventory slightly decreased. Sale prices are stabilizing but we continue to see some price reductions indicating that the elevated prices are affecting sales. Following are some statistics for this month. Vero Beach Mainland Real Estate Market Insights   In June 2023, the Vero Beach Mainland was again a Sellers Market with a 39% Sales Ratio. There were 5488 homes for sale on the mainland and 191 were sold in June 2023. The inventory (homes available for sale) in June 2023 slightly decreased by 6% from May but still 186% higher compared to the same month in 2022. The decrease in inventory is certainly a welcoming sign for the sellers and may keep sale prices steady. In June 2023, homes sold for a median of 97.42% of list price, at almost the same level as last month as prices are stabilizing. The most active price band for Vero Beach Mainland homes was again homes priced from $500,000 to $1,000,000, with 50 sales and sales ratio of 40%, as more higher priced homes were sold in Vero Beach mainland. In June 2023 the median sales price for mainland homes remained almost the same as in May with median price at $354,900. The most active market in June 2023 was again the Southeast County area with 181 homes for sale, 111 Pending Sales, 82 sales, 2.2 months of remaining inventory (absorption rate) and a Strong 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 2023 shows that buyers were still very active and we continue to be in a sellers market for both single family homes and condos on the island. The inventory was again slightly decreased while buyers’ demand for Vero Beach homes is still intact resulting in more closings and higher sale prices. Vero Beach real estate sales increased again in May 2023 and at almost the same levels as during the 2022 season. Following are some statistics for this month. Vero Beach Market for Single Family homes in 32963   In May 2023, the Vero Beach single-family market in 32963 was still a Sellers Market with 39% Sales Ratio. There were 129 single family homes for sale on the island and 50 were sold in May 2023. The inventory (homes available for sale) decreased again in May but still 234% higher than the same period in 2022. If inventory continues to remain steady relative to demand, it is likely that will affect pricing, as we have started seeing more price reductions. Homes sold for a median of 93.73% of list price in May 2023, an evidence of buyers not accepting sellers’ list prices. The most active price band for single family homes on the barrier island was $500,000 to $1,000,000 , with 14 sales and sales ratio of 508%. In May 2023 the median sales price for single-family homes increased by 26% to $1,325,000 compared to April. The most active market for single family homes on the island in May 2023 was again the Central Beach area with 36 homes for sale, 27 Pending Sales, 25 sales, and 1.4 months of remaining inventory (absorption rate) and a Strong Sellers Market. Vero Beach Market for Attached Homes/Condominiums in 32963   There were 67 condos for sale on the island and 26 were sold in May 2023. The Vero Beach condominium market in 32963 continues to be a favorite with buyers and it is a Sellers Market with an 39% Sales Ratio amid steady inventory. The inventory (condos available for sale) in May 2023 slightly decreased by 3% compared to April and still 176% higher than the same period last year. Condos sold for a median of 95.23% of list price with an average of 59 Days on the Market (DOM) in May 2023, but strong sales of higher priced condos on the island (area code 32963) keep prices high. The most active price band was again $1,000,000 to $2,000,000, with 5 sales and a sales ratio of 50% The median sales price for attached homes (condominiums) in May 2023 slightly increased by 3% to $660,000 compared to April as more higher priced condos were sold. The most active market for condos in May 2023 on the barrier island was again the Central Beach area with 28 condos for sale, 34 Pending Sales, 12 sales, 2.3 months of remaining inventory (absorption rate) and a Sellers Market. The increase in Pending Sales will indicates that buyers’ demand for condos on the island is still intact. 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.