Vero Beach Mainland Market Report April 2021

The Vero Beach Real Estate Market on the Mainland continues to be very strong! This Vero Beach Mainland Real Estate Market Report for March 2021 shows that buyers are very active for four consecutive months as both Pending Sales and Sales have exceeded the homes available for sale!

Buyers continue to have challenges finding a home on the mainland as fewer homes come on the market. Bidding wars are the norm and are driving the home prices even higher. The market activity in April of 2021 has greatly surpassed the action of the same period in 2020 and the market continues to be Red Hot!.

The sale prices took a little break this month but the trend continues to point to higher prices amid depleting inventory. Following are some statistics for this month.

Vero Beach Mainland Real Estate Market Insights

• In April 2021, the Vero Beach Mainland was an Extreme Seller’s Market with an impressive 152% Sales Ratio.
• There were 217 homes for sale on the mainland and 321 were sold in April 2021.
• The inventory (homes available for sale) continues to decline and was 4% below last month’s and 75% less than the same period in 2020. This inventory crunch has created big competition among the buyers who have fewer homes to choose from resulting in multiple offers over asking price and in some situations buyers are waving appraisals and inspection contingencies.
• Homes sold for a median of 98% of list price in April 2021, another indication of an extremely active and strong market.
• The most active price band was Vero Beach Mainland homes priced from $250,000 to $300,000, with 54 sales and sales ratio of 169%.
• In April 2021 the median sales price mainland homes increased by 2% to $270,000 compared to $265,900 in March.
• The most active market in April 2021 was the Southeast County area with 67 homes for sale, 215 Pending Sales, 116 sales, 0.6 months of remaining inventory (absorption rate) and an Extreme Seller’s 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.