Vero Beach Market Report for 32963 April 2021

The Vero Beach Real Estate Market Report for zip code 32963 in April 2021 shows a strong market and increased competition. The market activity in April 2021 surpassed again the action of the same period last year as buyers continue to aggressively look for homes in Vero Beach amid scarce inventory.

Sales in April 2021 have greatly exceeded those of the same period amid strong market action. Following are some statistics for this month.

Vero Beach Market for Single Family homes in 32963

• In March 2021, the Vero Beach single-family market in 32963 was an Extreme Seller’s Market with a 99% Sales Ratio.
• There were 79 single family homes for sale on the island and 78 were sold in April 2021.
• The inventory (homes available for sale) continues to decline and was 25% below last month’s and 76% less than the same period in 2020. This has created big competition among the buyers who have fewer homes to choose from resulting in bidding wars.
• Homes sold for a median of 98.13% of list price in April 2021, another indication that buyers are aggressively making offers close to asking price amid increased competition.
• The most active price band was for single family homes priced over $2,000,000 , with 22 sales and sales ratio 63%.
• In April 2021 the median sales price for single-family homes slightly decreased to $977,500 compared to $1.100,000 in March.
• The most active market for single family homes on the island in April 2021 was again the Central Beach area with 34 homes for sale, 66 Pending Sales, 22 sales, 1.5 months of remaining inventory (absorption rate) and an Extreme Seller’s Market .

Vero Beach Market for Attached Homes/Condominiums in 32963

• There were 57 condos for sale on the island and 49 were sold in April 2021.
• The Vero Beach condominium market in 32963 was very active and an Extreme Seller’s Market with an 86% Sales Ratio amid depleting inventory.
• The inventory (homes available for sale) continues to decrease and was 15% below last month’s and 74% less than the same period in 2020. The lack of available condos for sale has created big competition among the buyers.
• Condos sold for a median of 98.11% of list price in April 2021 indicating that the buyers continue to make offers close to the asking for condos on the island.
• The most active price band was $250,000-$300,000, with 9 sales and a sales ratio of an incredible 450%!.
• The median sales price for attached homes (condominiums) decreased to $400,000 compared to last month, mainly due to sales of lower priced condos.
• The most active market for condos in March 2021 on the barrier island was again the Central Beach area with 21 condos for sale, 44 Pending Sales, 23 sales, and only 0.9 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 in 32963 or any other zip code use the request form below.