St Lucie County Townhouses and Condos July 2021 Market Report

St Lucie County Townhouses and Condos July 2021 Market Report

The St Lucie County Townhouses and Condos market for July 2021 showed fewer closed and new pending sales when compared to last year. This is most likely a result of the historically low inventory of properties available for sale. There appear to be many buyers but not enough available listings. Closed sales were down by 5.1% from last year (were up by 117.9% in June). New pending sales were down by 19.5% for July (they were down by 35.4% last month).

Prices were mixed for July.  The median price decreased by 3.9% from last year (was up by 27.6% in June) while the average sales price increased by 22.8% (was up by 40.3% in June).

The inventory of available townhouses and condos decreased by 80 units from last month to 138 residences. This is 70.3% less inventory than we had in July 2020. The current inventory supply is 0.9 months, as compared to 5.2 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a sellers’ market, mainly because of the decrease in inventory. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos July 2021 Market Report

 

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 July 2021 Market Report

St Lucie County Single Family Homes July 2021 Market Report

St Lucie County Single Family Homes July 2021 Market Report

The July 2021, St Lucie County Single Family Home market showed slightly improved closed sales when compared to last year. Pending sales, however, are down, reflecting the overly low inventory that is currently available. This will most likely result in lower closed sales results in the coming months. Closed sales were up by 5.0% for the month compared to last year (in June they were up by 25.7%). New sales under contract (new pending sales) decreased by 19.9% (they were down by 36.0% last month).

Prices continued to rise in July.  The median sales price was up by 26.0% (was up by 24.5% in June).  The average sales price was up by 23.1% (it was up by 28.9% in June).

The number of available home listings decreased by 258 homes to 659 homes.  This inventory is 39.1% less than last year.  The current supply of homes is only 1.1 months (it was 2.2 months last year).  The St Lucie County single-family home market remains in an extreme sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes July 2021 Market Report

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 July 2021 Market Report

Martin County Townhouses and Condos July 2021 Market Report

Martin County Townhouses and Condos July 2021 Market Report

The Martin County Townhouses and Condos showed improved closed sales when compared to last year. Pending sales, however, are down, reflecting the overly low inventory that is currently available. This will most likely result in lower closed sales results in the coming months. Closed sales for the month were up by 8.9%.  They were up by 39.6% in June.  New sales under contract (new pending sales) were down by 25.0% from last year.  They were down by 26.2% in June.

Prices continued to rise in July.  The median sales price increased by 17.8% (was up by 18.8% last month). While the average sales price increased by 26.9% (was up by 26.5% in June ).

The inventory of available townhouses and condos decreased by 36 units to 131 properties.  This is a 64.0% smaller supply of inventory than we had in July 2020.  Currently, there’s a 1.1 months supply of inventory (compared to 4.2 months for July 2020).  We remain in a seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos July 2021 Market Report

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 July 2021 Market Report

Martin County Single Family Homes July 2021 Market Report

Martin County Single Family Homes July 2021 Market Report

The Martin County Single Family Homes Market Report showed fewer closed and new pending sales when compared to last year. This is most likely a result of the historically low inventory of properties available for sale. There appear to be many buyers but not enough available listings. Closed sales were down by 8.6% from last year (were up by 105.3% in June).  While new pending sales decreased by 18.4% as compared to last year (decreased by 40.1% last month).

Prices continued to rise in July.  The median sales price increased from last year by 16.7% (it was up by 19.5% in June) while the average sales price increased by 7.1% (up by 10.3% last month).

The inventory of available single-family homes decreased by 60 homes from last month to 305 homes. This is 54.5% less inventory than last July.  The current supply of homes is only 1.2 months.  For July of last year, it was a 3.4 months supply.  We remain in an extreme seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers nor sellers is considered to be a 6 to 7 month supply of inventory.

Martin County Single Family Homes  July 2021 Market Report

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

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 July 2021 Market Report

St. Lucie County Townhouses and Condos 2021 2nd Quarter Report

St. Lucie County Townhouses and Condos 2021 2nd 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 2nd Quarter 2021.

St. Lucie County Townhouses and Condos 2021 2nd Quarter Report

For the 1st quarter of 2021, the Saint Lucie Count townhouses and condo real estate market continue to show improved activity when compared to last year. Both sales and prices had improved results. Currently, the biggest issue is a very low inventory of available homes for sale. We are expecting this low inventory to affect future sales volume for the coming quarter.

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

View the entire set of data at GabeSanders.com

St. Lucie County Townhouses and Condos 2021 2nd Quarter Report