April 2014 Monthly Market Detail St Lucie County Townhouses and Condos
The April 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors is a segment of the market that is not doing well this year. Most measured values are showing declines year to year. Closed sales were down by 5.9% (was down by 21.3% in March) while new sales under contract (new pending sales) decreased by 4.6% (was down by 9.9% in March). The decrease in pending sales is much less than last month which is at least a small positive.
The median sales price was down by 34.1% (up 21.1% in March) and the average sales price decreased by 2.3% (was up by 7.4% in March). This is the first month we’ve seen a decrease in values. Lack of supply and demand are both factors for this as was the torrid price rises from last year.
The inventory of available townhouses and condos decreased by 48 units from last month to 856 units which is down by 5.3% from last April. Current supply of inventory decrease to 8.4 months from the 9.6 month supply in March and is 4.5% lower from last year. This is a buyers market at present.
Click here to view or download the full report:
April 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.
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