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.

Navigating the complex waters of home buying or selling is undeniably a monumental milestone in anyone’s life. It’s akin to steering a ship through uncharted territories. In such moments, brimming with both opportunities and uncertainties, the wisdom of seasoned navigators becomes your most valued compass. This is precisely where the unparalleled insight of a real estate expert becomes not just beneficial, but essential. The Unmatched Value of Professional Insights Freddie Mac points out how vital it is to work with trusted experts who can guide you and help you avoid common mistakes. Even though no one can predict the future perfectly, a good real estate agent uses their knowledge and experience to help you make the best possible decisions. Just like choosing the right lawyer for legal issues, picking the right real estate agent is crucial. They understand the latest market trends and the buying or selling process, and they can tailor their advice to your specific situation. This means you’re not just getting any advice; you’re getting top-quality guidance to help you navigate your real estate journey. The Bottom Line: Your Path to Informed Decisions When you’re ready to buy or sell property, having a knowledgeable and experienced agent by your side is essential. They’ll give you the confidence to make informed decisions. Ready to move forward? Reach out to get the expert advice you need for your real estate journey. Just complete the form below and I will contact you to discuss your next move and options.  

  In the intricate dance of selling your home, setting the right asking price is akin to selecting the perfect soundtrack—it sets the pace, attracts the right audience, and ultimately decides how smoothly the process unfolds. Your home’s asking price doesn’t just affect your bottom line; it’s a critical factor that influences how quickly your house sells. Understanding the art of pricing can mean the difference between a swift, profitable sale and a prolonged, frustrating experience. Let’s delve into why the price of your house matters when selling and how you can find the ideal price point. The Impact of Your Asking Price Your asking price is the first impression potential buyers have of your home. It’s more than just a number—it’s an indicator of value, appeal, and market positioning. Here’s how it plays a pivotal role in the selling process: Your Bottom Line: The price you set for your house directly affects the financial outcome of the sale. It’s a delicate balance; price it too low, and you might leave money on the table, missing out on the full potential of your home’s worth. Conversely, an inflated price tag can lead to stagnation in the market, deterring potential buyers and leading to costly delays. Selling Speed: The right price can mean the difference between a listing that sells swiftly and one that languishes unnoticed. A competitive, market-driven price attracts more buyers, generating interest and potentially leading to quicker offers. On the other hand, an overly ambitious price can scare off buyers, extending the time your property spends on the market. The Role of a Real Estate Agent Navigating the complexities of market trends, competitive pricing, and buyer expectations can be overwhelming. This is where the expertise of a real estate agent becomes invaluable. A seasoned agent brings a deep understanding of the current market dynamics and can guide you in setting a price that attracts buyers while maximizing your return. Market Knowledge: Real estate agents have their fingers on the pulse of the market. They can assess how similar homes in your area are priced and how they’ve performed, offering a solid benchmark for setting your price. Strategic Pricing: Beyond simple comparisons, agents can evaluate the unique aspects of your home—its condition, location, upgrades, and more—to fine-tune the asking price. This strategic approach ensures your home is positioned competitively to stand out to today’s buyers. Negotiation Skills: With an agent by your side, you’re equipped to navigate the negotiation process effectively. Their expertise can help you evaluate offers, understand contingencies, and make informed decisions that align with your financial goals. Let’s Connect The journey to selling your home is paved with critical decisions, with setting the right price at the forefront. Partnering with a real estate agent offers you the insights, expertise, and support needed to price your home accurately, ensuring it captures the attention of the market and moves you closer to a successful sale. If you’re ready to take the next step in selling your home, let’s connect. Together, we can find the right price for your house, aligning your financial aspirations with market realities to facilitate a smooth, rewarding sale. Remember, in the realm of real estate, the right price not only reflects value but also defines success.  Just complete the contact form below and I will reach out to discuss how I can help you set the right price for your Vero Beach house and have a quick sale.  

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.  

In Vero Beach’s tight real estate market, new construction homes are a beacon of opportunity. However, diving into this venture without a personal real estate agent is like navigating without a map. Here’s why your own agent is crucial: Your Advocate in the Builder’s WorldRemember, the builder’s agent works for the builder, not you. Having your own agent ensures someone is looking out for your interests, offering unbiased advice and representation throughout the process. Local Expertise for Informed DecisionsVero Beach is evolving, and your agent knows it inside out. They can advise on neighborhood developments, ensuring your new home is in a community that aligns with your lifestyle and investment goals. Quality and SatisfactionNot all builders are created equal. Your agent can help sift through the options, identifying builders with the best reputation for quality and customer satisfaction, guiding you toward a home that’s built to last. Strategic CustomizationNew homes offer the chance to customize, but not all upgrades are worth the cost. Your agent can help prioritize changes that add real value, ensuring your investment pays off in the long run. Skilled NegotiationsBuilders’ contracts can be complex. Your agent will navigate these waters, advocating for your interests, and possibly securing better terms, upgrades, or incentives. The Bottom LineFor those interested in Vero Beach’s new construction homes, a trusted real estate agent is your key to a successful purchase. Ready to start? Let’s connect and find your dream home together. Just enter your contact information the the form below and I will reach out to go over the best New Construction deals in Vero beach.

  Experts forecast home prices will go up over the next five years. They expect Mortgage Rates to go down. Mortgage Rates have already retreated from recent peaks near 8% and may fall further, according to Mark Fleming, Chief Economist First American. They project there will be more homes for sale. Supply will loosen up in 2024 with more moves and more listings over the course of the year, particularly as rates move closer to 6.5%, according to Lisa Sturtevant, Chief Economist, Bright MLS. They forecast that the Home Price Growth will moderate. On average, the panel anticipates home price growth to clock in at 5.9% in 2023, to be followed by slower growth in 2024 and 2025 of 2.4% and 2.7% respectively (HPES – Home Price Expectations Survey). All in all, things are looking up for the U.S housing market in 2024 according to Mike Simonsen, President and Founder of Altos Research. The same is true here in Vero Beach as the expectation is that home prices will moderate and the retreating mortgage rates is good news for both buyers and sellers of Vero Beach real estate. Let’s connect to discuss why that’s a good thing for you.  Just enter your information in the form below and I will contact you to discuss your next move!

Attention Vero Beach homeowners! If you’re contemplating selling your property in 2024, the real estate market is aligning in your favor. Despite a nationwide increase in home prices, there’s a lingering doubt among many. A recent Fannie Mae survey highlighted that about 24% of participants anticipate a decrease in home prices over the next year. This uncertainty might resonate with you as well. But here’s a ray of hope: leading real estate experts are forecasting a bright future for home prices this year, particularly in sought-after areas like Vero Beach. Let’s delve into their insights. Experts Anticipate a Positive Trend in Home Prices Data from eight renowned sources converge on a key prediction: a steady and noticeable appreciation in home prices is expected. The consensus? We’re looking at an average increase of over 2% by the end of the year. This diminishes the likelihood of a price decline significantly (see graph below): The blue bar on the left means, on average, experts think home prices will go up over 2% by the end of this year – not down. This bullish outlook is fueled by two main factors: tight inventory and attractive mortgage rates. These elements are spurring strong buyer demand, a scenario that’s likely to continue pushing home prices upward as 2024 unfolds. Selma Hepp, Chief Economist at CoreLogic, explains it best: “Lower mortgage rates are reigniting the demand for homes in early 2024, mirroring the trends we saw in early 2023… Most markets, especially dynamic ones like Vero Beach, are expected to reach new home price heights during 2024.” Implications for Vero Beach Home Sellers Here’s the bottom line for you as a Vero Beach homeowner looking to sell: experts predict an upswing in home prices, translating to an opportune moment for you to list your property. As home values climb, your property is not just an asset; it becomes a high-potential investment. This appreciation is what amplifies equity and underscores the financial wisdom of selling your home at this time. Additionally, given the expected price appreciation, listing your home sooner rather than later could mean capitalizing on higher market values. In essence, timing is crucial, and the Vero Beach real estate market is signaling ‘now’ as a potentially lucrative selling window. Final Thoughts If the notion of declining home prices has been a source of hesitation for you, let these expert predictions offer clarity and confidence. The general consensus in the real estate community points towards an upward trajectory for home prices this year, with Vero Beach standing out as a prime location. If you’re considering selling your Vero Beach home and want to make the most of this favorable market, let’s connect and navigate the possibilities together.  Just complete the form below and I will contact you to discuss how you can capitalize on price increases and get the most money for your house.  

Attention Vero Beach homeowners! If the only thing keeping you from listing your property has been the worry over high mortgage rates, it’s time to shift gears. The landscape is changing, and it’s in your favor. Since peaking at a staggering 7.79% last October, mortgage rates have been on a downward trajectory, now comfortably residing below 7% for the past month (see graph below).This dip in rates is not a fleeting moment but part of a larger trend. As Dean Baker, the esteemed economist, notes: “We’re witnessing a significant drop in mortgage rates, a trend likely to continue. While they won’t plummet to the pandemic lows, rates under 6% are on the horizon, a figure that’s remarkable by pre-recession standards.”Here’s why this is phenomenal news for Vero Beach sellers like you:Freedom from Your Current Mortgage Rate: Not long ago, selling your house meant grappling with the possibility of a near 8% rate on your new mortgage. That’s a hefty leap from the lower rates many homeowners locked in. But now, with rates descending, the gap between your current rate and what you might get is narrowing. This change transforms the prospect of buying a new home from a financial strain to a smart, feasible move. Lance Lambert, a real estate expert, points out, “The era of ultra-low rates is behind us. Homeowners are realizing that waiting for rates to return to 3-4% is impractical.”A Surge of Buyers Entering the Market: Data from Bright MLS reveals a crucial insight: high mortgage rates have been the main hurdle for buyers (see graph below).With rates receding, the affordability of homes improves, making the dream of homeownership more attainable for many. This shift is likely to bring a wave of buyers back into the market, increasing demand for homes like yours in Vero Beach.In conclusion, if you’ve been on the fence about selling your Vero Beach home due to mortgage rate concerns or a perceived lack of buyers, this is your moment. The market is ripe, and the opportunities for sellers are robust. 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  The asking price for your house can greatly affect your bottom line and how fast your house sells. If you set the price too low, you might leave money on the table. If you set the price too high, you might scare off buyers How do you find the right price?  Partner with a real estate professional.  A real estate agent has the expertise on how to price your house at current market value so it gets more attention from today’s buyers. Let’s connect so we can find the right price for your house.  Just complete the form belowand I will get in touch with you shortly.

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 real estate market is changing along with the economic environment and interest rates. Have questions about the housing market or your plans to move? If you really want to understand what is going on with Home Prices, Mortgage Rates, Inventory and more, then check out the latest Winter 2024 Buyer and Seller Guides!These guides bring together reliable facts and expert advice to make you feel confident making your move to buy or sell a home this winter season. Simply go to the guide you are interested in by selecting the link or image of each guide below:The Winter 2024 Buyers Guide which includes tips and answers to your questions such What’s Going On in the Housing Market Right Now, The Return of Normal Seasonality for Home Price Appreciation, What Experts Project for Home Prices over the Next 5 Years, Advice for Making Your Strongest Offer on a Home, and much more. The Winter 2024 Sellers Guide which includes many tips such as Should I Sell My House This Winter, The Perks of Selling Your House When Inventory Is Low, Home Prices Are Not Falling, Why Setting the Right Price for Your House Still Matters, and much more.

This Winter 2023 edition of the Home Sellers Guide seasonal series, includes many tips such as Should I Sell My House This Winter, The Perks of Selling Your House When Inventory Is Low, Home Prices Are Not Falling, Why Setting the Right Price for Your House Still Matters, and much more.Take a look at what is inside in the Home Sellers Guide Winter 2024 and order yours today. It is FREE!What is inside the Home Sellers Guide Winter 2024SHOULD I SELL MY HOUSE THIS WINTER?With everything going on in the housing market lately, you might have some questions about selling your house. Here are a few things you might be wondering, and the answers to help you feel confident about your decision.Are There Still Buyers Looking for Homes? Are you putting off selling your house because you’re worried no one’s buying due to where mortgage rates are? If so, know this: plenty of buyers are still out there, and they’re purchasing homes today.Buyers will always need to buy, and those who can afford to move at today’s rates are going to do so. That means buyer demand hasn’t disappeared.Is It Worth It To Sell Now? The supply of homes for sale is still low, so we’re still in a seller’s market today (see graph below). With more buyers than homes today, buyers crave more options, and your house may be just what they’re looking for. Selling while inventory is this low means if you price your house right, it’s likely to be in demand. The graph below puts today’s inventory into perspective.Are Home Prices Falling? Put simply, they are not. Recent data shows home prices are on the rise at a normal pace in many parts of the country. And while prices vary by market, experts project they’ll continue to rise at typical levels of appreciation in the years ahead.So, with the worst home price declines behind us and prices appreciating today, you can still sell with confidence this season.THE PERKS OF SELLING YOUR HOUSE WHEN INVENTORY IS LOWWhen it comes to selling your house, you’re probably trying to juggle current market conditions and your own needs as you plan your move. One thing that may be working in your favor is how few homes there are for sale right now. Here’s what you need to know about the current inventory situation and what it means for you .The graph below uses data from Realtor.com to look at active listings this year compared to what’s more typical in the market. It doesn’t include 2020-2022 because those weren’t normal years for the market.The current Vero Beach real estate market is still active and buyers are still looking for a home in Vero Beach. Get the latest Vero Beach market insights hereHOME PRICES ARE NOT FALLINGIn late 2022, some experts said home prices would crash in 2023. That made a lot of people worried about the strength of the residential real estate market. If you’re one of them, here’s what you should understandHome Prices Never Crashed. Disregard what you saw in the headlines. The actual data shows home prices were remarkably resilient and performed far better than the media would have you believe (see graph below):This graph uses reports from three trusted sources to clearly illustrate prices have already rebounded after experiencing only slight declines nationally. That’s a far cry from the crash so many articles called for.WHY SETTING THE RIGHT PRICE FOR YOUR HOUSE STILL MATTERSIt’s important to set the right price for your house. Rely on an expert to make sure it’s priced appropriately for today’s market. While this isn’t the frenzied market we saw over the past few years, homes that are priced right are still selling quickly and seeing multiple offers right now.To get a high-level look into the potential downsides of over or underpricing your houseand the perks that come with pricing it at market value, see the chart below:For more information on how to sell your Vero Beach house in today’s real estate market, get a copy in this FREE Winter 2024 Sellers Guide by completing the 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)}}); Home Sellers Guide Request Form: "*" indicates required fields Name:* First Last Email:* Phone:Message:Send me the Home Sellers Guide – Seasonal Edition.NameThis field is for validation purposes and should be left unchanged. gform.initializeOnLoaded( function() {gformInitSpinner( 7, 'https://veroflrealestate.com/wp-content/plugins/gravityforms/images/spinner.svg', true );jQuery('#gform_ajax_frame_7').on('load',function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_7');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_7').length > 0;var is_redirect = contents.indexOf('gformRedirect(){') >= 0;var is_form = form_content.length > 0 && ! is_redirect && ! is_confirmation;var mt = parseInt(jQuery('html').css('margin-top'), 10) + parseInt(jQuery('body').css('margin-top'), 10) + 100;if(is_form){jQuery('#gform_wrapper_7').html(form_content.html());if(form_content.hasClass('gform_validation_error')){jQuery('#gform_wrapper_7').addClass('gform_validation_error');} else {jQuery('#gform_wrapper_7').removeClass('gform_validation_error');}setTimeout( function() { /* delay the scroll by 50 milliseconds to fix a bug in chrome */ }, 50 );if(window['gformInitDatepicker']) {gformInitDatepicker();}if(window['gformInitPriceFields']) {gformInitPriceFields();}var current_page = jQuery('#gform_source_page_number_7').val();gformInitSpinner( 7, 'https://veroflrealestate.com/wp-content/plugins/gravityforms/images/spinner.svg', true );jQuery(document).trigger('gform_page_loaded', [7, current_page]);window['gf_submitting_7'] = false;}else if(!is_redirect){var confirmation_content = jQuery(this).contents().find('.GF_AJAX_POSTBACK').html();if(!confirmation_content){confirmation_content = contents;}setTimeout(function(){jQuery('#gform_wrapper_7').replaceWith(confirmation_content);jQuery(document).trigger('gform_confirmation_loaded', [7]);window['gf_submitting_7'] = false;wp.a11y.speak(jQuery('#gform_confirmation_message_7').text());}, 50);}else{jQuery('#gform_7').append(contents);if(window['gformRedirect']) {gformRedirect();}}jQuery(document).trigger('gform_post_render', [7, current_page]);gform.utils.trigger({ event: 'gform/postRender', native: false, data: { formId: 7, currentPage: current_page } });} );} );

If you are thinking of buying a home in Vero Beach this winter season, this special edition of the Winter 2024 Buyers Guide, includes tips and answers to your questions such as What’s Going On in the Housing Market Right Now, The Return of Normal Seasonality for Home Price Appreciation, What Experts Project for Home Prices over the Next 5 Years, Advice for Making Your Strongest Offer on a Home, and much more. Take a look at what is inside in the Home Buyers Guide Winter of 2024 and get it for FREE today! What is inside the Home Buyers Guide Winter 2024   WHAT’S GOING ON IN THE HOUSING MARKET RIGHT NOW? You might be wondering how the latest housing market updates will impact your winter home-buying plans. Here are the top three questions that might be on your mind.: What’s Happening with Home Prices? If you’re keeping up with the news, you might be a bit confused about what’s happening with home prices. Well, know this: despite what you may have heard, they’re not going down. In fact, it’s just the opposite. National data from several sources says home prices have been going up consistently since early 2023. But it’s important to know prices differ depending on where you live. Overall, the limited supply of homes for sale and ongoing buyer demand are going to keep upward pressure on prices. What’s the Deal with Mortgage Rates? Since October of 2022, rates have been between 6% and 8%. The rates we experienced a few years ago, like 3%, are now a thing of the past. The best advice for your move is this: don’t try to control what you can’t control. This includes trying to time the market or guess what the future holds for mortgage rates. What Does Low Housing Inventory Mean for My Move? Housing inventory is measured by the number of available homes on the market. It’s also measured by months’ supply, meaning the number of months it would take to sell all those available homes based on current demand. Get the latest Vero Beach Market Reports to get informed about the local real estate market and give you an edge when looking for a home in Vero Beach.   THE RETURN OF NORMAL SEASONALITY FOR HOME PRICE APPRECIATION Despite what you may have heard in the news, nationally, home prices aren’t falling. It’s just that price growth is beginning to normalize. Here’s the context you need to really understand that trend. That’s why there’s a reliable long-term home price trend. The graph below uses data from Case-Shiller to show typical monthly home price movement from 1973 through 2022 (not adjusted, so you can see the seasonality): WHAT EXPERTS PROJECT FOR HOME PRICES OVER THE NEXT 5 YEARS? Experts Project Ongoing Appreciation. Pulsenomics polled over 100 economists, investment strategists, and housing market analysts in the latest quarterly Home Price Expectation Survey (HPES). The results show what the panelists project will happen with home prices over the next five years. Here are those expert forecasts saying home prices will go up every year through 2027 (see graph below): p> ADVICE FOR MAKING YOUR STRONGEST OFFER ON A HOME The housing market is competitive in many places right now because there aren’t many homes for sale. If you’re planning to buy a home this winter, here are some tips to help you make a strong offer. Lean on a Real Estate Professional Get Pre-Approved for a Home Loan Make a Fair Offer Trust Your Agent’s Expertise Throughout Negotiations When you go to buy a home this winter, let’s talk so you can have an expert on your team to help you make your top offer.  Get this Winter 2024 Buyers Guide and find out how to get the best deal on a Vero Beach home. You will also find a lot more information in this NEW full version of the Home Buyers Guide for Winter 2024 by requesting one using the form below. It is FREE.  

In the ever-evolving Vero Beach real estate landscape, there’s a dynamic shift you should be aware of, especially if you’re contemplating selling your home. You might think that the surge in mortgage rates has cooled down the buyer’s market, but that’s far from the complete picture. While we’re not experiencing the same hyperactive market conditions as the ‘unicorn’ years – when demand skyrocketed, mortgage rates hit rock-bottom, and home values soared unprecedentedly – the market is far from dormant. The national trends mirror what we’re seeing in Vero Beach (take a look at the latest Vero Beach Real Estate Market Reports): there’s a persistent high demand in the real estate sector, with many potential buyers actively looking for homes. This trend is backed by concrete data. For instance, the ShowingTime Showing Index, which tracks home tour frequency, reveals a significant ongoing interest in property buying. October data comparison over several years shows a dip in demand post the ‘unicorn’ years, a direct consequence of higher mortgage rates. However, when juxtaposed against the pre-‘unicorn’ era (2018-2019), the current market is noticeably more vibrant. This is evident not only through showing traffic but also in the number of offers sellers are receiving and the swift pace at which homes are selling. In Vero Beach, sellers are still witnessing multiple offers on their properties. The National Association of Realtors (NAR) report an average of 2.5 offers per house, a number that, while lower than during the ‘unicorn’ years, is still robust and even showing a slight increase from the previous year. Moreover, homes that are priced correctly are selling quickly. This brisk pace is attributed to strong buyer demand coupled with low inventory levels. Zillow notes, “Low inventory levels are spurring surprisingly strong competition… demand has remained resilient, and attractive, appropriately priced listings are moving quickly.” This is corroborated by NAR data, which shows that homes currently spend only marginally more time on the market compared to the ‘unicorn’ years, and significantly less time than in the pre-‘unicorn’ era. The bottom line for Vero Beach homeowners? The window of opportunity to sell your property at an advantageous time – when multiple offers are common, and homes sell quickly – is still wide open. If you’re considering selling your house, now is the time to act and capitalize on the current Vero Beach Market dynamics. Let’s connect and get your property on the market to seize this opportune moment.  Just fill in your contact information in the form below and I will get in touch with you to discuss the best approach to sell your Vero Beach house and get top dollar for it.  

Are you contemplating a move to or from Vero Beach? Understanding the current dynamics of the real estate market is crucial, and I’ve got some fresh insights for you, especially on the availability of homes in this beautiful area.In the real estate world, we see predictable annual trends, termed “seasonality”. Springtime usually buzzes with home buying activities and a surge in new listings.  Here in Vero Beach the real estate market seasonality is during the winter months, from January to April, when “snowbirds”, people from the northern states, flock to Vero Beach and Florida to escape the harsh winter months.  However, as the year progresses, this momentum typically tapers off.Here’s a twist: recent data from Realtor.com, visualized in the graph below, reveals a break from these usual patterns (refer to the graph):Key Observations:Between 2017 and 2019, the market exhibited standard seasonal trends, as seen in the blue and gray lines.Post-2020, marked by the orange line, the trend took an unusual turn due to the pandemic’s impact, with many sellers holding off on their moving plans.Fast forward to this year, and we’re witnessing a remarkable scenario. Unlike the expected seasonal dip, new listings are actually stabilizing, even outpacing the same period last year.Here in Vero Beach, the trend is similar to the National Levels.  The charts below shows the number of Vero Beach listings, both for Vero Beach Mainland also for single family homes and condos on the barrier island.Implications for You in Vero Beach:For Buyers: This is great news! A steady flow of new listings means more choices and opportunities to find your ideal home in Vero Beach.For Sellers: Despite the break from traditional patterns, the overall inventory remains lower than pre-pandemic levels. The current scenario places your property in a prime spot, reducing competition and potentially attracting more buyers.Bottom Line:Vero Beach’s real estate market is currently experiencing a unique phase, making it an opportune moment whether you’re buying or selling. If you’re wondering how this impacts your specific real estate goals in Vero Beach, let’s get in touch and navigate this exciting market together.  Just provide your contact information in the form below and I will get in touch to go over your options for the next move. Vero Beach Real Estate Services Form: Name:* First Last Email:* Phone:Message:I am interesting in buying or selling real estate in Vero Beach area.

Are you contemplating a move to or from Vero Beach? Understanding the current dynamics of the real estate market is crucial, and I’ve got some fresh insights for you, especially on the availability of homes in this beautiful area. In the real estate world, we see predictable annual trends, termed “seasonality”. Springtime usually buzzes with home buying activities and a surge in new listings.  Here in Vero Beach the real estate market seasonality is during the winter months, from January to April, when “snowbirds”, people from the northern states, flock to Vero Beach and Florida to escape the harsh winter months.  However, as the year progresses, this momentum typically tapers off. Here’s a twist: recent data from Realtor.com, visualized in the graph below, reveals a break from these usual patterns (refer to the graph): Key Observations: Between 2017 and 2019, the market exhibited standard seasonal trends, as seen in the blue and gray lines. Post-2020, marked by the orange line, the trend took an unusual turn due to the pandemic’s impact, with many sellers holding off on their moving plans. Fast forward to this year, and we’re witnessing a remarkable scenario. Unlike the expected seasonal dip, new listings are actually stabilizing, even outpacing the same period last year. Here in Vero Beach, the trend is similar to the National Levels.  The charts below shows the number of Vero Beach listings, both for Vero Beach Mainland also for single family homes and condos on the barrier island. Implications for You in Vero Beach: For Buyers: This is great news! A steady flow of new listings means more choices and opportunities to find your ideal home in Vero Beach. For Sellers: Despite the break from traditional patterns, the overall inventory remains lower than pre-pandemic levels. The current scenario places your property in a prime spot, reducing competition and potentially attracting more buyers. Bottom Line: Vero Beach’s real estate market is currently experiencing a unique phase, making it an opportune moment whether you’re buying or selling. If you’re wondering how this impacts your specific real estate goals in Vero Beach, let’s get in touch and navigate this exciting market together.  Just provide your contact information in the form below and I will get in touch to go over your options for the next move.  

Are you puzzled why your Vero Beach home remains unsold in the current market? It’s a scenario that demands attention, particularly in today’s real estate climate where the inventory of available homes is noticeably below normal levels. In such a landscape, your property should stand out as a rare find in the market wilderness. However, if your Vero Beach home is still waiting for the right buyer, it’s time to address a critical factor potentially hindering its sale: the asking price. In today’s market, where mortgage rates are soaring, buyers are increasingly price-conscious. As highlighted in a Wall Street Journal article, overpricing in the current seller’s market, where affordable homes are scarce, can still deter potential buyers, more so with mortgage rates crossing the 6% threshold. Why Setting the Right Price Matters Understanding the Importance of Accurate Pricing Selling your home is about striking the right balance – realizing a profitable return while being attuned to the market realities. The harsh truth is that your property’s value is ultimately determined by what buyers are ready to pay at this moment. Emotional connections to your home can cloud this reality, making it challenging to set an objective price. Overpricing can lead to your home being overlooked by potential buyers, stalling the selling process before it even begins. To rekindle interest in your property, partnering with a local real estate expert is crucial. They possess the tools and insights to evaluate if your home is overpriced for the Vero Beach market, considering factors like neighborhood value trends, current market dynamics, buyer demand, and the condition of your property. Conclusion The scarcity of available homes in today’s market doesn’t negate the significance of an appropriate asking price. If your Vero Beach property isn’t attracting buyers, reconsidering the price tag might be the key to unlocking its sale potential.  Contact me to arrange a meeting to present you my approach for selling your house and get you the best price possible by completing the 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 =>