What Does a Hot Vero Beach Market Mean for You?

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As you probably know, our market is awfully hot right now.

We are currently at the lowest level of inventory of available homes we've seen in years. As of today, there are about 1,300 homes for sale in Vero Beach, Sebastian, and Indian River County. Demand is through the roof!

We've had several homes sell before they even came on the market and bidding wars are happening more and more. In other words, it's been an incredible summer, even though summer is usually not the busiest real estate season in Florida. In addition to the busy market activity for condos and resale properties, new subdivisions of homes are being built all over the Vero Beach area.

With so much going on in this market, what can you do to be prepared? If you're a seller, you're in a great place right now, as there are a limited amount of homes for sale and a ton of buyers. One issue that comes up is short appraisals; because there are not enough homes for sale, buyers are paying more than they might based on closed sales. Sometimes, the appraisal will come in too low and negotiations will have to take place. Remember, this is completely normal in a rising market, and we can help you solve these problems.

Now is a great time to get top dollar for your home. Because interest rates remain low, there is no better time to make your move. If you would like our assistance in this market, please don't hesitate to reach out to us. We would love to hear from you!