This June 2020 comprehensive Vero Beach Market Report, provides a detailed analysis of the local Vero Beach Real Estate Market on the barrier island, zip code 32963, for both single family homes and condominiums.
In June 2020, we saw an increase in market activity on the Vero Beach Barrier Island Real Estate with jump in home sales compared to May and the same period in 2019.
Although the Covid-19 cases increased in Florida, the cases in Vero Beach and Indian River County still remain low and many people from the other hot spots saw an opportunity to buy homes here. The low interest rates was another incentive for buyers to pull the trigger.
Sales prices in June 2020 increased from May and also from the same period last year. Following are some statistics for this month.
Vero Beach Market for Single Family homes in 32963
- In June 2020, the Vero Beach single-family market in 32963 was a Balanced Market with a 16% Sales Ratio.
- There were 293 single family homes for sale on the island and 46 were sold in June 2020.
- The inventory (homes available for sale) has declined compared to 2019 and buyers have fewer homes to choose from.
- Homes sold for a median of 94.87% of list price in June 2020.
- The most active price band was $575,000-$600,000, with 6 sales and sales ratio 75%.
- In June 2020 the median sales price for single-family homes increased to $644,500 compared to $623,000 last month.
Vero Beach Market for Attached Homes/Condominiums in 32963
- There were 207 condos for sale on the island and 31 were sold in June 2020.
- The Vero Beach condominium market in 32963 was also a Balanced Market with an 15% Sales Ratio as sales jump by 158% in June compared to May.
- Homes sold for a median of 93.75% of list price in June 2020.
- The most active price band is $200,000-$250,000, with 6 sales and sales ratio of 40%.
- The median sales price for attached homes (condominiums) also increased by 29% to $330,000 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.
Neighborhood Market Insights
"*" indicates required fields