Vero Beach Mainland Real Estate Market Report December 2016

The Vero Beach real estate market activity for homes in mainland in December 2016 continues to outpace the activity on the barrier island. However, the increase in sale prices is slowing down indicating that sale prices may be reaching a high point .

The recent increases in mortgage rates may also impact sales although demand is still intact. The low inventory and the start of the traditionally strong winter season may change this trend.

Vero Beach Real Estate Market Highlights – December 2016


In December 2016, 169 homes were sold in Vero Beach mainland, 3% fewer than the same period in 2015 but more than in November. Sales have been almost flat the last few months indicating steady demand for homes on the mainland.

Vero Beach Mainland Market Statistics - For Sale vs Sold - December 2016 DATA SOURCE: MLS data as of 1/2/2017. Data believed to be accurate but not guaranteed.

The chart above shows that the inventory of available homes for sale has remained steady the last few months. However, the continuous price increases have impacted the upward trend as prices are stabilizing.

Vero Beach Real Estate Market Statistics – December 2016

Market Statistics - Vero Beach Mainland December 2016 DATA SOURCE: MLS data as of 1/2/2017. Data believed to be accurate but not guaranteed.

Notes: (1) The average of all 12 months of inventory, (2) The average of all 12 months of List Price to Sale Price Ratio & (3) The average DOM in 12 month period.

In December 2016, the absorption rate or months of remaining inventory was 4.0 indicating that a seller’s market continues for Vero Beach mainland homes.

The list to sale price ratio (95.5%) is almost at par with the average indicating steady demand and market activity.

Vero Beach Real Estate Market Analysis – December 2016


The chart below shows that sale prices increased modestly by 2.9% compared to the same period in 2015, but stabilizing . Sellers market continues for all price ranges up all the way up to $350,000.

Market Statistics - Mainland Median of Sale Prices - December 2016 DATA SOURCE: MLS data as of 1/2/2017. Data believed to be accurate but not guaranteed.

The median of sale prices for the last 30 days was $175,000 with an average DOM of 88 days. The inventory of available homes remains below levels seen the last 3 years.

The recent 30-day average of 88 DOM is slightly below average of 105 days and indicates demand remains intact. The chart below presents the number of homes Sold vs. Expired (failed to sell) the last 12 months and DOM of homes sold.

Market Statistics - Mainland - Sold vs Expired and DOM - December 2016 DATA SOURCE: MLS data as of 1/2/2017. Data believed to be accurate but not guaranteed.

Homes up to $200,000 price range were sold the fastest with an average of 89 DOM. Homes in the $400K to $450K price range took the longest to sell with 181 DOM.

Sales and sale prices have stabilized with 5% fewer sales than the same period last year and with a tiny increase of 2.9% in sale prices.

Detailed Real Estate Market Reports for Vero Beach mainland are produced on a monthly basis. If you would like to receive these real estate market reports, fill in the request form below with your email address and indicate that you wish to receive market reports in the message box. These reports will be sent to your email the beginning of the each month with market statistics of the previous month.

Detailed market analysis report specific to each area are available upon request. A complimentary no-obligation property price analysis consultation is also available for sellers. Use the request form below and indicate that you wish to receive the detailed report or the no-obligation price analysis consultation.

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