The Vero Beach Real Estate Market on the Mainland is still very strong despite the low inventory. The Vero Beach Mainland Real Estate Market Report for July 2021 shows that buyers are still very active however the lack of inventory is affecting sales. This can be evidenced by fewer Pending Sales.
Although inventory increased slightly, buyers are still facing challenges finding a home on the mainland. Bidding wars continue resulting increases in home prices.
The sale prices increased this month and the trend continues to point to higher prices. Following are some statistics for this month.
Vero Beach Mainland Real Estate Market Insights
- In July 2021, the Vero Beach Mainland was still an Extreme Seller’s Market with a 137% Sales Ratio.
- There were 190 homes for sale on the mainland and 261 were sold in July 2021.
- The inventory (homes available for sale) recorded an uptick but was still 72% below last year’s inventory for the same period. The low inventory level has created a problem for the buyers who have fewer homes to choose from resulting in multiple offers over asking price.
- Homes sold for a median of 99.24% of list price in July 2021, another testament to a strong Seller’s Market.
- The most active price band was Vero Beach Mainland homes priced from $250,000 to $300,000, with 46 sales and sales ratio of 200%.
- In July 2021 the median sales price mainland homes slightly decreased by 6% to $290,000 compared to $273,750 in June.
- The most active market in July 2021 was again the Southeast County area with 75 homes for sale, 136 Pending Sales, 104 sales, 0.7 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.
Neighborhood Market Insights
"*" indicates required fields