August 2014 Monthly Market Detail St Lucie County Townhouses and Condos
The August 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed decreased activity as compared to last year for the past couple of months. Closed sales were down by 9.1% (was down by 10.4% in July) while new sales under contract (new pending sales) decreased by 0.8% (was down by 3.4% in July).
The median sales price was up by 7.8% (down 1.4% in July) and the average sales price decreased by 14.2% (was down by 2.4% in July). Prices rose very rapidly last year and we are seeing some corrections to the market for the past few months.
The inventory of available townhouses and condos decreased by 42 units from last month to 678 units which is down by 18.5% from last August. Current supply of inventory decreased to 6.6 months from the 6.9 month supply in July and is 17.5% lower than last year. The St. Lucie County townhouse and condo market is drifting back into a buyers market. An increase in inventory would help this segment grow faster.
Click here to view or download the full report:
August 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.
Leave a Reply