The 2018 Vero Beach Real Estate Market

The Vero Beach real estate market has enjoyed a vibrant ride during the past couple of years. In fact, not that long ago, Vero Beach rode a lengthy sellers’ market for much of 2016 into 2017. Now, with 2018 upon the calendar, key factors indicate a healthy market will continue this year, as well as into the foreseeable future. Read on to learn a little bit more about the Vero Beach real estate market dynamics.

Vero Beach Real Estate Market

The Vero Beach residential real estate market is recently known as one of the most active on the east coast of the Sunshine State. Located along the Atlantic Ocean, north of West Palm Beach and to the south of the Space Coast, Vero Beach is one of the most desirable locations to live on the peninsula (and even across the country).

Over the course of the last two years, the median home value in Vero Beach is on the rise, about 7.6 percent in the past year alone. Experts forecast median home values to increase by 3.4 percent over the course of this year and perhaps beyond. Strangely, the median list price in Vero Beach is actually a few dollars lower than the entire Vero Beach Metro area.

Distressed properties in the Vero Beach area are just under the national level. (Distressed properties are foreclosures and short sales.) This means there are still deals to be found in and around Vero Beach for interested buyers.

With interest rates still low and affordable and median home values on the rise, the Vero Beach real estate market should have a great 2018.

Article courtesy of Vance Brinkerhoof, your best choice for finding Vero Beach homes for sale.