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

Martin County Townhouses and Condos April 2017 Market Detail

Martin County Townhouses and Condos April 2017 Market Detail

Martin County Townhouses and Condos Market Detail for April 2017showed weaker sales activity when compared to last April.  Closed sales for the month were down by 1.5% (were down by 2.5% in March) while new sales under contract (new pending sales) were down by 2.6% from April 2016 (increased by 8.8% in March).

Prices were also down again for April as the median sales price decreased by 8.4% (was down by 13.0% in March) while the average sales price decreased by 0.2% (was down by 19.6% in March) as compared to April of 2016.  After the rapid rise in prices for the past two years, this correction is not unexpected.

The inventory of available townhouses and condos decreased by 13 units to 432 properties as compared to last month.  This is still 6.7% greater than the April 2016 inventory.  Currently, there’s a 4.6 month supply of inventory (a 12.2% increase from last year which was 4.1 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 April 2017 Market Detail

Click here to view or download the full report:
Martin 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.

Martin County Townhouses and Condos April 2017 Market Detail

St Lucie County Townhouses and Condos March 2017 Market Detail

St Lucie County Townhouses and Condos March 2017 Market Detail

The St Lucie County Townhouses and Condos Market Detail for March 2017 showed another month of strong gains.  Closed sales were up by 16.1% from last year (was up 1.4% in February) while new pending sales decreased by 0.6% (was up by 5.8% in February).

Values continue to rise impressively with the median price up by 28.0% (was up by 41.6% in February) while the average sales price increased by 13.3% (was up by 17.5% in February).  I’ve been expecting prices to moderate for some time so these increases are surprising.

The inventory of available townhouses and condos decreased by 36 units from last month to 569 units, which is 13.1% less than March 2016. The current supply is 5.9 months, which is 10.6% lower than the 6.6 months of inventory last year.  The St Lucie County townhouses and condos is slipping 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 March 2017 Market Detail

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

Martin County Townhouses and Condos March 2017 Market Detail

Martin County Townhouses and Condos March 2017 Market Detail

Martin County Townhouses and Condos Market Detail for March 2017 had a bit slower closed sales for the month as compared to last year, while new pending activity looks good.  Closed sales for the month were down by 2.5% (was up by 1.0% in February) while new sales under contract (new pending sales) were up by 8.8% from March 2016 (decreased by 6.8% in February).

Prices were down again for March as the median sales price decreased by 13.0% (was down by 2.2% in February) while the average sales price decreased by 19.6% (was down by 14.4% in February) as compared to March of 2016.  Not totally unexpected with the rapid rise of prices for the past three years as there may be a small correction taking place.  Though this market is till active.

The inventory of available townhouses and condos decreased by 26 units to 445 properties as compared to last month.  This is 12.9% greater than the March 2016 inventory.  Currently, there’s a 4.7 month supply of inventory (a 17.5% increase from last year which was 4.0 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 March 2017 Market Detail

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

Sawgrass Villas Palm City April 2017 Market Report

Sawgrass Villas Palm City April 2017 Market Report

For April 2017 there are no townhomes available for sale in the Sawgrass Villas community of Palm City Florida.

There is one townhome that is under contract.  The list price was $204,900 which is $126.40 per sq. ft. of living area.  This home was on the market for 15 days before going under contract.

In the past 12 months 8 homes have sold.  Sales prices ranged from $197,000 up to $227,500 for an average sales price of $212,063 which works out to $116.21 per sq. ft. of living area.  These homes sold for 96% of list price and averaged 31 days on market before going under contract.

About the Sawgrass Villas in Palm City:

Sawgrass Villas in Palm City

Built in 2005, the Sawgrass Villas of palm City are one of the few newer affordable townhome style condos in the area.  There are 52 units with two different floor plans.  All are 3 bedroom, 2 bathroom with either 2.079 sq. ft. of living area for the larger floor plan or 1,621 sq. ft. for the smaller ones.  With a rare exception all of these townhouses have a 1 car garage.

Sawgrass Villas in Palm City

Great location within walking distance to shopping and some restaurants and an easy drive to historic downtown Stuart and the beaches of Martin County or to Florida’s Turnpike for those needing to get to points north or south.

Sawgrass Villas in Palm City Sawgrass Villas in Palm City

The HOA fees (March 2017) are a very reasonable $365 per month as this includes building maintenance and insurance, landscaping, trash pickup, Cable TV,  and exterior pest control.

Sawgrass Villas in Palm City

Live the easy maintenance and worry free life in these solid concrete townhomes featuring hardi-plank siding and metal roofs.

Click here to search for Sawgrass Villas homes for sale