Vero Beach Market Report for 32963 May 2020

This comprehensive Vero Beach Market Report for the month of May 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 May 2020, the Vero Beach Barrier Island Real Estate Market slowed down a bit with fewer home sales than in the same period in 2019. Many people who had come to Vero Beach for the winter season have returned back home after their states have started opening up due to the Coronavirus, COVID-19 pandemic.

Sales prices in May 2020 decreased from April and also from 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 7% Sales Ratio.
• There were 312 single family homes for sale on the island and 22 were sold in May 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 93.22% of list price in May 2020.
• The most active price band was $650,000-$700,000, with 3 sales and sales ratio 30%%.
• In May 2020 the median sales price for single-family homes decreased to $625,500 compared to $853,000 last month.

Vero Beach Market for Attached Homes/Condominiums in 32963

• There were 207 condos for sale on the island and only 12 were sold in May 2020.
• The Vero Beach condominium market in 32963 is a Buyer’s Market with an 6% Sales Ratio as fewer sales were closed in May compared to April.
• Homes sold for a median of 95.17% of list price in May 2020.
• The most active price band is $200,000-$250,000, with 3 sales and sales ratio of 23%.
• The median sales price for attached homes (condominiums) decreased to $255,000 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.