St Lucie County Townhouses and Condos April 2020 Market Report

St Lucie County Townhouses and Condos April 2020 Market Report

The St Lucie County Townhouses and Condos market for April 2020 is now showing the effects of the current pandemic. Both closed and pending sales are down for the month when compared to last year. Closed sales were down by 43.8% from last year (were down by 3.0% in March). New pending sales were down by 54.6% for April (they were down by 30.2% in March).

March prices, however, rose.  The median price increased by 10.9% from last year (was down by 10.9% in March) while the average sales price increased by 9.66% (was up by 0.6% in March).

The inventory of available townhouses and condos decreased by 19 units from last month to 618 units. This is 4.5% less than we had in April 2019. The current inventory is 6.4 months, as compared to 6.0 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a balanced market. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

 

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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 2020 Market Report

St Lucie County Single Family Homes April 2020 Market Report

St Lucie County Single Family Homes April 2020 Market Report

The February 2020, the St Lucie County Single Family Home market is now showing the effects of the current pandemic. Both closed and pending sales are down for the month when compared to last year. Closed sales were down by 11.3% for the month (in March they were up by 15.1%). New sales under contract (new pending sales) decreased by 34.7% (they were down by 1.5% last month).

Prices, however, were up for the month.  The median sales price was up by 6.3% (was up by 5.5% in March).  The average sales price was up by 2.4% (it was up by 2.9% in March).

The number of available home listings decreased by 113 homes to 1,775 homes.  This inventory is 9.8% less than last year.  The current supply of homes is 3.6 months (it was 4.3 months last year).  The St Lucie County single-family home market remains in a strong sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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 Single Family Homes April 2020 Market Report

Martin County Townhouses and Condos April 2020 Market Report

Martin County Townhouses and Condos April 2020 Market Report

The Martin County Townhouses and Condos market is now showing the effects of the current pandemic. Both closed and pending sales are down for the month when compared to last year.  Closed sales for the month were down by 26.1%.  They were up by 16.7% in March.  New sales under contract (new pending sales) were down by 38.9% from last month.  They were down by 33.1% for February.

Prices, though, were up for April.  The median sales price increased by 4.8% (was up by 25.6% in March). While the average sales price increased by 9.5% (was up by 32.6% in March).

The inventory of available townhouses and condos decreased by 20 units to 418 properties.  This is a 6.3% smaller inventory then we had in April 2019.  Currently, there’s a 4.6 months supply of inventory (compared to 4.7 months for April 2019).  We remain in a seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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 2020 Market Report

Martin County Single Family Homes April 2020 Market Report

Martin County Single Family Homes April 2020 Market Report

The Martin County Single Family Homes Market Report is now showing the effects of the current pandemic. Both closed and pending sales are down for the month when compared to last year. Closed sales were down by 25.3% from last month (were up by 7.8% in March).  While new pending sales decreased by 49.8% as compared to last month when they decreased by 31.9%.

Prices were lower for April.  The median sales price was down from last year by 3.6% (it was unchanged in March) while the average sales price decreased by 3.7% (it was down by 7.8% last month).

The inventory of available single-family homes decreased from last month by 5 homes to 965 homes for March. This is 12.6% less inventory than last April.  The current supply of homes is 4.8 months.  For April of last year, it was a 5.6 months supply.  We remain in a seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers or sellers is considered to be a 6 to 7 month supply of inventory.

Click here to view the previous Martin County single-family homes market reports

Recent Market Report Posts:

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 Single Family Homes April 2020 Market Report

St. Lucie County Townhouses and Condos 2020 1st Quarter Report

St. Lucie County Townhouses and Condos 2020 1st Quarter Report

Click the image below to view the full details of the St. Lucie County townhouses and condos market report data as reported by St. Lucie County Realtor for the 1st Quarter 2020.

St. Lucie County Townhouses and Condos 2020 1st Quarter Report

The Saint Lucie Count townhouses and condo real estate market had weaker sales activity for the first quarter of 2020 when compared to the same period last year.  Prices were mixed when compared to last year.   The inventory was down, but only slightly. This segment of the Saint Lucie County real estate is currently in a balanced market. (A balanced market is one considered to have an absorption rate of 6 to 7 months.)

To view the full report, click the image above or this link.

View the entire set of data at GabeSanders.com

Recent Market Report Posts:

St. Lucie County Townhouses and Condos 2020 1st Quarter Report