St Lucie County Townhouses and Condos June 2017 Market Detail

St Lucie County Townhouses and Condos June 2017 Market Detail

The St Lucie County Townhouses and Condos Market Detail for June 2017 showed some strong growth as  compared to last June.  Closed sales were up by 19.6% from last year (were down by 7.1% in May) while new pending sales increased by 33.3% (was down by 0.8% in May).

Values, also, continue to rise at with the median price up by 4.7% (was up by 24.8% in May) while the average sales price increased by 17.9% (was up by 23.9% in May).  I think the rates of price increases will slow down in the months to come.

The inventory of available townhouses and condos decreased by 20 unit from last month to 506 units, which is 10.4% less than June 2016. The current supply is 5.3 months, which is 5.4% lower than the 5.6 months of inventory last year.  The St Lucie County townhouses and condos market continues to be a sellers’ market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

June 2017 St Lucie County Townhouses and Condos Market Report

Click here to view or download the full report:
St Lucie County Townhouses and Condos June 2017 Market Detail

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.

St Lucie County Townhouses and Condos June 2017 Market Detail

Martin County Townhouses and Condos June 2017 Market Detail

Martin County Townhouses and Condos June 2017 Market Detail

Martin County Townhouses and Condos Market Detail for June 2017 appears to have had a difficult June when compared to last summer.  Closed sales for the month were down by 17.4% (were up by 2.5% in May) while new sales under contract (new pending sales) were down by 12.3% from June 2016 (increased by 1.0% in May).

Prices were also off for June as the median sales price decreased by 0.4% (was up by 7.3% in May) while the average sales price decreased by 3.0% (was up by 6.4% in May) as compared to June of 2016.  This is a reversal of last months activity.

The inventory of available townhouses and condos decreased by 25 units to 396 properties as compared to last month.  This is still 4.2% greater than the June 2016 inventory.  Currently, there’s a 4.3 month supply of inventory (a 10.3% increase from last year which was 3.9 months).  Still a sellers’ market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

June 2017 Martin County Townhouses and Condos Market Report

Click here to view or download the full report:
Martin County Townhouses and Condos June 2017 Market Detail

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.

Martin County Townhouses and Condos June 2017 Market Detail

St Lucie County Townhouses and Condos May 2017 Market Detail

St Lucie County Townhouses and Condos May 2017 Market Detail

The St Lucie County Townhouses and Condos Market Detail for May 2017 showed weaker sales activity when compared to last May.  Closed sales were down by 7.1% from last year (were down by 11.2% in April) while new pending sales decreased by 0.8% (was down by 10.0% in April).

Values, however, continue to rise at surprising rates with the median price up by 24.8% (was up by 35.0% in April) while the average sales price increased by 23.9% (was up by 19.6% in April).  I’ve been expecting prices to moderate for some time so these increases continue to be quite unexpected.

The inventory of available townhouses and condos decreased by 42 unit from last month to 526 units, which is 11.4% less than May 2016. The current supply is 5.6 months, which is 5.1% lower than the 5.9 months of inventory last year.  The St Lucie County townhouses and condos market has slipped back into a sellers’ market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos May 2017 Market Detail

Click here to view or download the full report:
St Lucie County Townhouses and Condos May 2017 Market Detail

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.

St Lucie County Townhouses and Condos May 2017 Market Detail

Martin County Townhouses and Condos May 2017 Market Detail

Martin County Townhouses and Condos May 2017 Market Detail

Martin County Townhouses and Condos Market Detail for May 2017showed continued growth in sales activity when compared to last May, though at a slow pace.  Closed sales for the month were up by 2.5% (were down by 1.5% in April) while new sales under contract (new pending sales) were up by 1.0% from May 2016 (decreased by 2.6% in April).

Prices rose for May as the median sales price increased by 7.3% (was down by 8.4% in April) while the average sales price increased by 6.4% (was down by 0.2% in April) as compared to May of 2016.  This is a reversal of last months activity.

The inventory of available townhouses and condos decreased by 11 units to 421 properties as compared to last month.  This is 0.7% greater than the May 2016 inventory.  Currently, there’s a 4.5 month supply of inventory (a 7.1% increase from last year which was 4.2 months).  Still a sellers’ market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos May 2017 Market Detail

Click here to view or download the full report:
Martin County Townhouses and Condos May 2017 Market Detail

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.

Martin County Townhouses and Condos May 2017 Market Detail

St Lucie County Townhouses and Condos April 2017 Market Detail

St Lucie County Townhouses and Condos April 2017 Market Detail

The St Lucie County Townhouses and Condos Market Detail for April 2017 showed weaker sales activity when compared to last April.  Closed sales were down by 11.2% from last year (were up by 16.1% in March) while new pending sales decreased by 10.0% (was down by 11.2% in March).

Values, however, continue to rise at surprising rates with the median price up by 35.0% (was up by 28.0% in March) while the average sales price increased by 19.6% (was up by 13.3% in March).  I’ve been expecting prices to moderate for some time so these increases continue to be quite unexpected.

The inventory of available townhouses and condos decreased by 1 unit from last month to 568 units, which is 11.4% less than April 2016. The current supply is 6.0 months, which is 7.7% lower than the 6.5 months of inventory last year.  The St Lucie County townhouses and condos market remains in a balanced. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos April 2017 Market Detail

Click here to view or download the full report:
St Lucie County Townhouses and Condos April 2017 Market Detail

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.

St Lucie County Townhouses and Condos April 2017 Market Detail