Vero Beach Market Report for 32963 April 2020

This comprehensive Vero Beach Market Report for the month of April 2020, provides a detailed analysis of the local Vero Beach Real Estate Market on the barrier island for both single family homes and condominiums located in zip code 32963.

In April 2020, the Vero Beach Barrier Island Real Estate Market slowed down a bit with fewer homes sold than in the same period last year. Buyers rushed to close on properties amid the Coronavirus, COVID-19 pandemic and lock on the historic low mortgage rates.

Sales prices in April 2020 slightly decreased from March but were higher than the same period last year. Following are some statistics for this month.

Vero Beach Market for Single Family homes in 32963

• The Vero Beach single-family market in 32963 is still a Buyer’s Market with a 10% Sales Ratio.
• There were 334 single family homes for sale on the island and 34 were sold in April 2020.
• Homes sold for a median of 93.71% of list price in March 2020.
• The most active price band is $1,000,000-$2,000,000, with 12 sales and sales ratio is 12%.
• In April 2020 the median sales price for single-family homes slightly decreased to $853,000 compared to $929,000 last month.

Vero Beach Market for Attached Homes/Condominiums in 32963

• There were 220 condos for sale on the island and 17 were sold in April 2020.
• The Vero Beach condominium market in 32963 is a Buyer’s Market with an 8% Sales Ratio as fewer sales were closed in April compared to March.
• Homes sold for a median of 95.19% of list price in April 2020.
• The most active price band is $300,000-$350,000, with 4 sales and sales ratio of 21%.
• The median sales price for attached homes (condominiums) decreased to $339,000 compared to last month.

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.