Vero Beach Market Report for 32963 June 2021

The Vero Beach Real Estate Market Report for zip code 32963 in June 2021 shows that the market is still strong but the buyers are having challenges finding a home on the barrier island amid depleting inventory. The market activity in June 2021 again surpassed the action of the same period last year as buyers continue to aggressively look for homes in Vero Beach especially on the high end of price ranges.

Sales in June 2021 have again exceeded those of 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 June 2021, the Vero Beach single-family market in 32963 was again at an Extreme Seller’s Market with a 101% Sales Ratio!.
• There were 69 single family homes for sale on the island and 70 were sold in June 2021.
• The inventory (homes available for sale) continues to decline and was 7% below last month’s and 76.5% lower than in June of 2020. Bidding wars is now the norm as buyers have fewer homes to choose from.
• Homes sold for a median of 97.45% of list price in June 2021, another indication that buyers are aggressively making offers amid increased competition.
• The most active price band was for single family homes priced over $2,000,000 , with 27 sales and sales ratio 90%.
• In June 2021 the median sales price for single-family homes jumped to $1,435,000 compared to $1,000,000 in May.
• The most active market for single family homes on the island in June 2021 was again the Central Beach area with 21 homes for sale, 58 Pending Sales, 21 sales, 1.0 months of remaining inventory (absorption rate) and an Extreme Seller’s Market .

Vero Beach Market for Attached Homes/Condominiums in 32963

• There were 48 condos for sale on the island and 49 were sold in June 2021.
• The Vero Beach condominium market in 32963 was again very active and an Extreme Seller’s Market with an 102% Sales Ratio amid decrease in inventory.
• The inventory (homes available for sale) continues to decrease and was 9% below last month’s and 77% 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 98.47% of list price in June 2021 indicating that the buyers continue to make offers close to the asking for condos on the island.
• The most active price band was $550,000 to $600,000, with 7 sales and a sales ratio of an incredible 233%!.
• The median sales price for attached homes (condominiums) increased by 11% to $570,000 compared to last month.
• The most active market for condos in June 2021 on the barrier island was again the Central Beach area with 22 condos for sale, 28 Pending Sales, 25 sales, 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.