August 2015 Monthly Market Detail St Lucie County Townhouses and Condos

09.30.15 by

August 2015 Monthly Market Detail St Lucie County Townhouses and Condos

The August 2015 Monthly Market Detail St Lucie County Townhouses and Condos continues to gain in some aspects though at a slower pace than the past few months.  Closed sales were up 6% from last year (was up 12.6% in July) while new sales under contract (new pending sales) decreased by 13.3% (was down by 3.3% in July).

The median sales price decreased by 9.7% (up 16.1% in July) while the average sales price increased by 19.6% (was up by 16.8% in July).

The inventory of available townhouses and condos decreased by 17 units from last month to 554 properties, which is also down from last August by 18.3%. Current supply of inventory decreased to 5.2 months, from July’s 5.4 months. This is 20% lower than last year. The St Lucie County townhouse and condo market continues as a sellers’ market, typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.  The shortage of inventory is hurting the sales volume and continues to impart strong upward pressure on prices.

August 2015 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
August 2015 Monthly Market Detail St Lucie County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

August 2015 Monthly Market Detail St Lucie County Townhouses and Condos

August 2015 Monthly Market Detail St Lucie County Single Family Homes

09.29.15 by

August 2015 Monthly Market Detail St Lucie County Single Family Homes

August 2015 Monthly Market Detail St Lucie County Single Family Homes showed continuing decreases in volume of sales as compared to last year while prices continue their march higher.  Closed sales were down by 5.3% (in July they were up by 7.4%) and new sales under contract (new pending sales) decreased by 12.2% (they were down by 13.4% last month).

Both median and average sales prices continue their gains with increases of 13.5% and 9.7% respectively from last August (For July these numbers were 20.1% and 17.3%).  It’s the decreasing inventory that is one factor in the continuing rise in prices.

The inventory of active listings increased in August (from last month) by 35 homes to 1,559, and this is  lower than last year’s inventory by 17.3%.  The current supply of inventory is only 3.3 months (a 19.8% decrease from last year). The Saint Lucie County single family home market remains a very strong sellers market.  We are seeing a reduction in volume of sales because either there isn’t enough inventory available on the market or prices are becoming to high.

August 2015 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
August 2015 Monthly Market Detail St Lucie County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

August 2015 Monthly Market Detail St Lucie County Single Family Homes

July 2015 Monthly Market Detail St Lucie County Townhouses and Condos

08.31.15 by

July 2015 Monthly Market Detail St Lucie County Townhouses and Condos

The July 2015 Monthly Market Detail St Lucie County Townhouses and Condos showed some strong gains as compared to last year as well as last month.  Closed sales were up 12.6% from last year (was unchanged in June) while new sales under contract (new pending sales) decreased by 3.3% (was down by 5.3% in June).

The median sales price increased by 16.1% (down 17.5% in June) and the average sales price increased by 16.8% (was up by 20.3% in June).  Continuing the trend of price increases in the Saint Lucie County real estate market.

The inventory of available townhouses and condos decreased by 7 units from last month to 571 properties, which is also down from last July by 20.7%. Current supply of inventory decreased to 5.4 months, from June’s 5.5 months. This is 21.3% lower than last year. The St Lucie County townhouse and condo market continues as a sellers’ market, typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.  Unfortunately, there’s not enough inventory to sustain a strong increase in the number of sales.

July 2015 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
July 2015 Monthly Market Detail St Lucie County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

July 2015 Monthly Market Detail St Lucie County Townhouses and Condos

July 2015 Monthly Market Detail St Lucie County Single Family Homes

08.30.15 by

July 2015 Monthly Market Detail St Lucie County Single Family Homes

July 2015 Monthly Market Detail St Lucie County Single Family Homes continues to struggle with the volume of sales in this declining inventory market while at the same time showing continued price increases.  Closed sales were up by 7.4% (in June they were down by 7.9%) and new sales under contract (new pending sales) decreased by 13.4% (they were down by 16.7% last month).

Both median and average sales prices continue strong gains with increases of 20.1% and 17.3% respectively from last July (For June these numbers were 18.6% and 18.9%).  These price increases, while good news for sellers, are making single family homes less affordable in the St. Lucie County market area and June be one factor in the reduced volume of closed sales.

The inventory of active listings increased in July (from last month) by 22 homes to 1,594, and this is  lower than last year’s inventory by 16.7%.  The current supply of inventory is only 3.4 months (a 20.1% decrease from last year). The Saint Lucie County single family home market remains in a very strong sellers market.  We are seeing a reduction in volume of sales because either there isn’t enough inventory available on the market or prices are becoming to high.  Though this month’s increase in inventory is a promising sign.

July 2015 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
July 2015 Monthly Market Detail St Lucie County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

July 2015 Monthly Market Detail St Lucie County Single Family Homes

June 2015 Monthly Market Detail St Lucie County Townhouses and Condos

07.30.15 by

June 2015 Monthly Market Detail St Lucie County Townhouses and Condos

The June 2015 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors rebounded a bit from a quite difficult May.  Closed sales were unchanged from last year (was down by 30.6% in May) while new sales under contract (new pending sales) decreased by 5.3% (was down by 25.8% in May).

The median sales price increased by 17.5% (down 11.% in May) and the average sales price increased by 20.3% (was up by 16.5% in May).  Continuing the trend of price increases in the Saint Lucie County real estate market..

The inventory of available townhouses and condos decreased by 18 units from last month to 578 properties, which is also down from last June by 23.5%. Current supply of inventory decreased to 5.5 months, from May’s 5.7 months. This is 22.7% lower than last year. The St Lucie County townhouse and condo market continues as a sellers’ market, typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.  Unfortunately, there’s not enough inventory to sustain a growing volume of sales.

June 2015 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
June 2015 Monthly Market Detail St Lucie County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

June 2015 Monthly Market Detail St Lucie County Townhouses and Condos

June 2015 Monthly Market Detail St Lucie County Single Family Homes

07.29.15 by

June 2015 Monthly Market Detail St Lucie County Single Family Homes

June 2015 Monthly Market Detail St Lucie County Single Family Homes continues to struggle with the volume of sales in this declining inventory market while at the same time showing continued price increases.  Closed sales were off by 7.9% (in May they were down by 19.8%) and new sales under contract (new pending sales) decreased by 16.7% (they were down by 31.3% last month).

Both median and average sales prices continue strong gains with increases of 18.6% and 18.9% respectively from last June (For May these numbers were 18.2% and 13.1%).  These price increases, while good news for sellers, are making single family homes less affordable in the St. Lucie County market area and may be one factor in the reduced volume of closed sales.

The inventory of active listings decreased in June (from last month) by 18 homes to 1,572, and this is  lower than last year’s inventory by 20.4%.  The current supply of inventory is only 3.3 months (a 24.2% decrease from last year). The Saint Lucie County single family home market remains in a very strong sellers market.  We are seeing a reduction in volume of sales because either there isn’t enough inventory available on the market or prices are becoming to high.

June 2015 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
June 2015 Monthly Market Detail St Lucie County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

June 2015 Monthly Market Detail St Lucie County Single Family Homes

May 2015 Monthly Market Detail St Lucie County Townhouses and Condos

06.30.15 by

May 2015 Monthly Market Detail St Lucie County Townhouses and Condos

The May 2015 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors had a very difficult month of May for the volume of sales.  Closed sales were down by 30.6% (was up by 8.6% in April) while new sales under contract (new pending sales) decreased by 25.8% (was down by 21.5% in April).

The median sales price increased by 11.5% (down 19.5% in April) and the average sales price increased by 16.5% (was up by 0.8% in April).  Back to price increases after a setback last month.

The inventory of available townhouses and condos decreased by 38 units from last month to 596 properties, which is also down from last May by 26.9%. Current supply of inventory decreased to 5.7 months, from April’s 5.9 months. This is 27.0% lower than last year. The St Lucie County townhouse and condo market is now in a sellers’ market, typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.  Unfortunately, there’s not enough inventory to sustain a growing volume of sales.

May 2015 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
May 2015 Monthly Market Detail St Lucie County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

May 2015 Monthly Market Detail St Lucie County Townhouses and Condos

May 2015 Monthly Market Detail St Lucie County Single Family Homes

06.29.15 by

May 2015 Monthly Market Detail St Lucie County Single Family Homes

May 2015 Monthly Market Detail St Lucie County Single Family Homes is struggling with the volume of sales while at the same time showing continued price increases.  Closed sales were off by 19.8% (in April they were up by 12.1%) and new sales under contract (new pending sales) decreased by 31.3% (they were down by 18.7% last month).

Both median and average sales prices continue strong gains with increases of 18.2% and 13.1% respectively from last May (For April these numbers were 20.9% and 25.8%).  These price increases, while good news for sellers, are making single family homes less affordable in the St. Lucie County market area.

The inventory of active listings decreased in May (from last month) by 143 homes to 1,590, and this is  lower than last year’s inventory by 21.9%.  The current supply of inventory is only 3.3 months (a 27.2% decrease from last year). The Saint Lucie County single family home market remains in a very strong sellers market.  We are seeing a reduction in volume of sales because either there isn’t enough inventory available on the market or prices are becoming to high.  We remain in a pretty extreme sellers market for St Lucie County single family home sale.

May 2015 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
May 2015 Monthly Market Detail St Lucie County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

May 2015 Monthly Market Detail St Lucie County Single Family Homes

April 2015 Monthly Market Detail St Lucie County Townhouses and Condos

05.31.15 by

April 2015 Monthly Market Detail St Lucie County Townhouses and Condos

The April 2015 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors rebounded slightly after a fairly difficult March.  Closed sales were up by 8.6% (was up by 2.5% in March) while new sales under contract (new pending sales) decreased by 21.5% (was up by 1.2% in March).

The median sales price increased by 19.5% (down 14.8% in March) and the average sales price increased by 0.8% (was down by 7.7% in March).  Back to price increases after a setback last month.

The inventory of available townhouses and condos decreased by 50 units from last month to 634 properties, which is also down from last April by 25.9%. Current supply of inventory decreased to 5.9 months, from March’s 6.4 months. This is 30.6% lower than last year. The St Lucie County townhouse and condo market is inching into a sellers’ market, typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

April 2015 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
April 2015 Monthly Market Detail St Lucie County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

April 2015 Monthly Market Detail St Lucie County Townhouses and Condos

April 2015 Monthly Market Detail St Lucie County Single Family Homes

05.30.15 by

April 2015 Monthly Market Detail St Lucie County Single Family Homes

April 2015 Monthly Market Detail St Lucie County Single Family Homes is struggling with the volume of sales while at the same time showing strong price increases.  Closed sales were up by 12.1% (in March they were up by 3.8%) and new sales under contract (new pending sales) decreased by 18.7% (they were down by 15% last month).

Both median and average sales prices continue their impressive gains with increases of 20.96% and 25.8% respectively from last April (For March these numbers were 15.4% and 20.3%).  These price increases, while good news for sellers, are having a negative effect on the volume of sales.

The inventory of active listings decreased in April (from last month) by 64 homes to 1,733, and this is  lower than last year’s inventory by 11.7%.  The current supply of inventory is only 3.4 months (a 30.3% decrease from last year). The Saint Lucie County single family home market remains in a very strong sellers market.  We are seeing a reduction in volume of sales because either there isn’t enough inventory available on the market or prices are becoming to high.  We remain in a pretty extreme sellers market for St Lucie County single family home sale.

April 2015 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
April 2015 Monthly Market Detail St Lucie County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

April 2015 Monthly Market Detail St Lucie County Single Family Homes

March 2015 Monthly Market Detail St Lucie County Townhouses and Condos

04.30.15 by

March 2015 Monthly Market Detail St Lucie County Townhouses and Condos

The March 2015 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors retreated a bit after an active February.  Closed sales were up by 2.5% (was up by 19.5% in February) while new sales under contract (new pending sales) increased by 1.2% (was up by 5.7% in February).

The median sales price decreased by 14.8% (up 71.3% in February) and the average sales price decreased by 7.7% (was up by 41.8% in February). Frankly, I don’t understand some of the wild price swings being reported for St. Lucie County and have asked those compiling the data to double check some of these figures..

The inventory of available townhouses and condos decreased by 4 units from last month to 684 properties, which is also down from last March by 26.5%. Current supply of inventory remained at 6.4 months, the same as February. This is 30% lower than last year. The St. Lucie County townhouse and condo market remains in a balanced market showing no advantage to either buyers or sellers.

March 2015 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
March 2015 Monthly Market Detail St Lucie County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

March 2015 Monthly Market Detail St Lucie County Townhouses and Condos

March 2015 Monthly Market Detail St Lucie County Single Family Homes

04.29.15 by

March 2015 Monthly Market Detail St Lucie County Single Family Homes

March 2015 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors is showing some continued softening of the market, though prices continue to rise quite strongly.  Closed sales were up by 3.8% (in February they were down by 9.5%) and new sales under contract (new pending sales) decreased by 15% (they were down by 0.5% last month).

Both median and average sales prices continue their rise by 15.4% and 20.3% respectively from last March (For February these numbers were 15.2% and 18.9%).  These price increases, while good news for sellers, are having a negative effect on the volume of sales.

The inventory of active listings increased in March (from last month) by 94 homes to 1,733, and this is  lower than last year’s inventory by 22.4%.  The current supply of inventory is only 3.6 months (a 30.3% decrease from last year). The Saint Lucie County single family home market remains in a very strong sellers market.  We are seeing a reduction in volume of sales because there isn’t enough inventory available on the market.  This is also a factor of why prices are rising as rapidly as they are.  As prices continue to rise, I expect to see an increase of St Lucie County single family homes for sale coming on the market.

March 2015 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
March 2015 Monthly Market Detail St Lucie County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

March 2015 Monthly Market Detail St Lucie County Single Family Homes

February 2015 Monthly Market Detail St Lucie County Townhouses and Condos

03.31.15 by

February 2015 Monthly Market Detail St Lucie County Townhouses and Condos

The February 2015 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors rebounded for February after a fairly weak start for 2015. Closed sales was up by 19.5% (was down by 1.2% in January) while new sales under contract (new pending sales) increased by 5.7% (was up by 15.9% in January).

The median sales price was up by 71.3% (up 3.9% in January) and the average sales price increased by 41.8% (was down by 10.1% in January). Prices for townhouses and condos in the St Lucie County market have been erratic for the past few months. Though for this month, these are some very significant price gains.

The inventory of available townhouses and condos decreased by 6 units from last month to 688 properties, which is also down from last February by 26.9%. Current supply of inventory decreased to 6.4 months from January, which was 6.6 months. This is 29.4% lower than last year. The St. Lucie County townhouse and condo market is in a balanced market showing no advantage to either buyers or sellers.

February 2015 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
February 2015 Monthly Market Detail St Lucie County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

February 2015 Monthly Market Detail St Lucie County Townhouses and Condos

February 2015 Monthly Market Detail St Lucie County Single Family Homes

03.30.15 by

February 2015 Monthly Market Detail St Lucie County Single Family Homes

February 2015 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors is showing reduced activity as compared to last year, though prices continue to rise.  Closed sales were down by 9.5% (in January they were unchanged from last year) and new sales under contract (new pending sales) decreased by 0.5% (they were down by 5.7% last month).

Both median and average sales prices continue their rise by 15.2% and 18.9% respectively from last February (For January these numbers were 23.4% and 17.9%).  These price increases, while good news for sellers, are having a negative effect on the volume of sales.

The inventory of active listings increased in February (from last month) by 79 homes to 1,827, but this is still lower than last year’s inventory by 21.3%. The current supply of inventory is only 3.8 months (a 29.5% decrease from last year). The Saint Lucie County single family home market remains in a very strong sellers market.

February 2015 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
February 2015 Monthly Market Detail St Lucie County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

February 2015 Monthly Market Detail St Lucie County Single Family Homes

January 2015 Monthly Market Detail St Lucie County Townhouses and Condos

03.02.15 by

January 2015 Monthly Market Detail St Lucie County Townhouses and Condos

The January 2015 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors began 2015 with much weaker activity after a very strong December of 2014. Closed sales was down by 1.2% (was up by 29.8% in December) while new sales under contract (new pending sales) increased by 15.9% (was up by 20.2% in December).

The median sales price was up by 3.9% (up 8.3% in December) and the average sales price decreased by 10.1% (was down by 5.1% in December). Prices for townhouses and condos in the St Lucie County market have been erratic for the past few months. These differences in median and average prices indicate more sales in the lower end of the price ranges for St Lucie County townhouses and condos.

The inventory of available townhouses and condos increased by 11 units from last month to 694 properties, which is still down by 24.6% from last January. Current supply of inventory increased to 6.6 months from December, which was 6.5 months. This is 26.4% lower than last year. The St. Lucie County townhouse and condo market remains is slipping into a buyers market for the short term. It is good to see a continued increase in inventory for January after many months of decreases.

St Lucie County Townhouses and Condos

Click here to view or download the full report:
January 2015 Monthly Market Detail St Lucie County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

January 2015 Monthly Market Detail St Lucie County Townhouses and Condos

January 2015 Monthly Market Detail St Lucie County Single Family Homes

03.01.15 by

January 2015 Monthly Market Detail St Lucie County Single Family Homes

January 2015 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors began the year with a bit of a whimper as compared to last years activity.  Closed sales were unchanged (in December they were up by 6.7%) and new sales under contract (new pending sales) decreased by 5.7% (they were up by 10.5% last month).

Both median and average sales prices were up significantly (year to year) by 23.4% and 17.9% respectively from last January (For December these numbers were 16.3% and 14.8%).  Stronger increases in value at more than triple the statewide averages.  While this is an excellent metric for prospective home sellers, it is a bit of a concern for future sales as St Lucie County homes are rapidly becoming more expensive.

The inventory of active listings increased in January (from last month) by 96 homes to 1,748, which is still lower than last year’s inventory by 14.3%. The current supply of inventory is only 3.8 months (a 24.4% decrease from last year). A very strong sellers market for the Saint Lucie County single family home market.  Hopefully we will continue to see strong results for the single family real estate market in St Lucie County.

St Lucie County Single Family Homes

Click here to view or download the full report:
January 2015 Monthly Market Detail St Lucie County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

January 2015 Monthly Market Detail St Lucie County Single Family Homes

December 2014 Monthly Market Detail St Lucie County Townhouses and Condos

01.31.15 by

December 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The December 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed very strong sales activity for the final month of 2014. Closed sales were up by 29.8% (was down by 22.5% in November) while new sales under contract (new pending sales) increased by 20.2% (was down by 0.9% in November).

The median sales price was up by 8.3% (down 3.7% in November) and the average sales price decreased by 5.1% (was up by 8.1% in November). Prices for townhouses and condos in the St Lucie County market have been erratic for the past few months. With the improving economy and low interest rates, I expect to see increases in 2015.

The inventory of available townhouses and condos increased by 8 units from last month to 683 properties, which is still down by 22.3% from last December. Current supply of inventory remained unchanged from November at 6.5 months. This is 25.3% lower than last year. The St. Lucie County townhouse and condo market remains in a balanced market. It is good to see a continued increase in inventory for December after many months of decreases.

December 2014 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
December 2014 Monthly Market Detail St Lucie County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

December 2014 Monthly Market Detail St Lucie County Townhouses and Condos

December 2014 Monthly Market Detail St Lucie County Single Family Homes

01.30.15 by

December 2014 Monthly Market Detail St Lucie County Single Family Homes

December 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues to produce year to year improvements. Though, for December the volume of sales increases has declined a little, while prices continue to rise quite strongly.  Closed sales from last year were up by 6.7% (in November they were up by 12.7%) and new sales under contract (new pending sales) increased by 10.5% (they were down by 19.9% last month).

Both median and average sales prices were up again (year to year) by 16.3% and 14.8% respectively from last December (For last month these figures were 11.9% and 5.2%).  Better increases than last month and more than double the state averages.

The inventory of active listings decreased in December (from last month) by 46 homes to 1,748, which is also lower than last year’s inventory by 20%. The current supply of inventory is only 3.6 months (a 29.5% decrease from last year). A strong sellers market for the Saint Lucie County single family home market. This reduced inventory is exerting strong pressure on keeping price increases high.  When and if more inventory comes on line, I expect price increases to moderate considerably.

December 2014 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
December 2014 Monthly Market Detail St Lucie County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

December 2014 Monthly Market Detail St Lucie County Single Family Homes