The September 2020 Vero Beach Real Estate Market Report, presents a detailed analysis of the barrier island in Vero Beach Real Estate Market, zip code 32963. This real estate market report includes information for both single family homes and condominiums.
The Vero Beach Real Estate Market continues to be very active with more sales than last year. In September 2020, we saw a continuation of August’s strong activity on the Vero Beach Barrier Island with more home sales compared to August and the same period in 2019. The fast pace of the summer market activity makes it feel as we are in the middle of the traditionally strong winter season which we missed due to Covid-19
More people are discovering the value that Vero Beach has to offer such as great cultural elements and plenty of outdoor activities The continuation of low interest rates have also prompted buyers to jump on the opportunity to own a home here in Vero Beach.
Sales prices in September 2020 increased substantially from August 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 September 2020, the Vero Beach single-family market in 32963 became a Seller’s Market with a 26% Sales Ratio.
- There were 209 single family homes for sale on the island and 54 were sold in September 2020.
- The inventory (homes available for sale) continues to decline and was 6% below last month’s and far less than the same period in 2019 compared to 2019. This has created competition among the buyers who have fewer homes to choose from.
- Homes sold for a median of 94.80% of list price in September 2020, showing that buyers are ready to make offers close to asking price.
- The most active price band was $700,000-$800,000, with 11 sales and sales ratio 73%.
- In September 2020 the median sales price for single-family homes slightly decreased to $738,500 compared to $762,500 last month.
Vero Beach Market for Attached Homes/Condominiums in 32963
- There were 169 condos for sale on the island and 34 were sold in September 2020.
- The Vero Beach condominium market in 32963 was active and in a Balanced Market with an 20% Sales Ratio as sales in September were 48% higher than in August.
- Condos sold for a median of 95.99% of list price in September 2020 indicating that the buyers were ready to make offers pushing sales volume up.
- The most active price band was $200,000-$250,000, with 8 sales and sales ratio of 80%.
- The median sales price for attached homes (condominiums) slightly decrease by 5% to $316,500 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.
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