Vero Beach Market Report for 32963 March 2020

TheVero Beach Market Report for the month of March 2020, is a comprehensive report which provides an in-depth analysis of the local Vero Beach Real Estate Market on the barrier island for both single family homes and attached homes/condominiums located in zip code 32963.

In March 2020, the Vero Beach Barrier Island Real Estate Market remained surprising active with more homes sold than in the same period last year despite the Coronavirus, COVID-19 pandemic which is paralyzing the country.
Sales prices increased for single family homes and also for condominiums. 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 13% Sales Ratio but edging towards a balanced market.
• There were 347 single family homes for sale on the island and 45 were sold in March 2020.
• Homes sold for a median of 95.65% of list price in March 2020.
• The most active price band is $1,000,000-$2,000,000, with 9 sales and sales ratio is 13%.
• The median sales price for single-family homes slightly decreased to $929,000 compared to $1M last month.

Vero Beach Market for Attached Homes/Condominiums in 32963

• There were 221 condos for sale on the island and 32 were sold in March 2020.
• The Vero Beach condominium market in 32963 is a Buyer’s Market with an 14% Sales Ratio but we are almost close to a balanced market.
• Homes sold for a median of 96.51% of list price in March 2020.
• The most active price band is $400,000-$450,000, with 5 sales and sales ratio of 45%.
• The median sales price for attached homes (condominiums) increased to $445,000 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.