Vero Beach Market Report for 32963 July 2021

The Vero Beach Real Estate Market Report for zip code 32963 in July 2021 shows that the market is still active but the lack of inventory is affecting both the buyers and sales. The market activity in July 2021 again has surpassed the action of the same period in 2020 as buyers continue to aggressively look for homes in Vero Beach especially on the high end of price ranges.

Sales in July 2021 have again exceeded those of last month and the same period last year amid strong market action. Following are some statistics for this month.

Vero Beach Market for Single Family homes in 32963

• In July 2021, the Vero Beach single-family market in 32963 was again at an Extreme Seller’s Market with a 61% Sales Ratio!.
• There were 72 single family homes for sale on the island and 44 were sold in July 2021.
• The inventory (homes available for sale) slightly increased by 4% compared to last month but was 73% lower than in July of 2020. Bidding wars is now the norm as buyers have fewer homes to choose from.
• Homes sold for a median of 97.58% of list price in July 2021, another indication that buyers are still making offers close to asking price.
• The most active price band was for single family homes priced between $1,000,000 and $2,000,000 , with 11 sales and sales ratio 38%.
• In July 2021 the median sales price for single-family homes dropped to $670,000 mainly due to sales of lower priced homes and lower sales.
• The most active market for single family homes on the island in July 2021 was again the Central Beach area with 20 homes for sale, 47 Pending Sales, 17 sales, 1.2 months of remaining inventory (absorption rate) and still an Extreme Seller’s Market .

Vero Beach Market for Attached Homes/Condominiums in 32963

• There were 45 condos for sale on the island and 25 were sold in July 2021.
• The Vero Beach condominium market in 32963 was again very active and an Extreme Seller’s Market with an 56% Sales Ratio amid low inventory.
• The inventory (homes available for sale) continues to decrease and was 6% below last month’s and 76% lower 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 an amazing 100% of list price in July 2021 indicating that the buyers continue to make offers at or above the asking price for condos on the island.
• The most active price band was $350,000 to $400,000, with 5 sales and a sales ratio of 125%!.
• The median sales price for attached homes (condominiums)decreased by 14% to $489,000 compared to last month.
• The most active market for condos in July 2021 on the barrier island was again the Central Beach area with 22 condos for sale, 26 Pending Sales, 10 sales, 2.2 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.