Vero Beach Market Report for 32963 September 2021

The Vero Beach Real Estate Market Report for zip code 32963 in September 2021 shows that the market is still very active but the lack of inventory is affecting sales which dipped this month compared to August. The market activity in September 2021 again has surpassed the action of the same period in 2020 albeit at a slower pace than the previous month and buyers continue to face challenges amid scarce inventory.

Sales in September 2021 were much lower than the previous month as inventory still remains low. Following are some statistics for this month.

Vero Beach Market for Single Family homes in 32963

• In September 2021, the Vero Beach single-family market in 32963 was a Seller’s Market with a 27% Sales Ratio.
• There were 73 single family homes for sale on the island but only 20 were sold as buyers took a break.
• The inventory (homes available for sale) slightly increased by 3% compared to last month but was 68% lower than in September of 2020. Bidding continue as buyers have fewer homes to choose from.
• Homes sold for a median of 100% of list price in September 2021, a testament to a very competitive real estate market for single family homes on the island.
• The most active price band was for single family homes priced between $800,000 and $1,000,000 , with 6 sales and sales ratio 60%.
• In September 2021 the median sales price for single-family homes jumped to $912,500 as price increases continue.
• The most active market for single family homes on the island in September 2021 was again the Central Beach area with 19 homes for sale, 40 Pending Sales, 8 sales, 2.4 months of remaining inventory (absorption rate) and still an Extreme Seller’s Market .

Vero Beach Market for Attached Homes/Condominiums in 32963

• There were 38 condos for sale on the island and 23 were sold in September 2021.
• The Vero Beach condominium market in 32963 was again very active and an Extreme Seller’s Market with an 61% Sales Ratio amid low inventory.
• The inventory (homes available for sale) continues to decrease and was 12% below last month’s and 72% 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 again in September 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 $700,000 to $800,000, with 4 sales and a sales ratio of 133%!.
• The median sales price for attached homes (condominiums) in September 2021 jumped by 13% to $465,000 compared to August.
• The most active market for condos in September 2021 on the barrier island was the Beach City area with 15 condos for sale, 17 Pending Sales, 13 sales, 1.2 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.