St Lucie County Townhouses and Condos January 2021 Market Report

St Lucie County Townhouses and Condos January 2021 Market Report

The St Lucie County Townhouses and Condos market for January 2021 continues to show very strong activity. Closed sales were up by 41.2% from last year (were up by 25.5% in December). New pending sales were up by 18.9% for January (they were up by 53.2% last month).

The January prices were also up.  The median price increased by 31.8% from last year (was up by 38.2% in December) while the average sales price increased by 3.6% (was up by 23.1% in December).

The inventory of available townhouses and condos increased by 25 units from last month to 344 residences. This is 41.3% less inventory than we had in January 2020. The current inventory supply is 3.0 months, as compared to 6.0 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 January 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 January 2021 Market Report

St Lucie County Single Family Homes January 2021 Market Report

St Lucie County Single Family Homes January 2021 Market Report

The January 2021, St Lucie County Single Family Home market continues to show yearly improvements with strong sales activity. Closed and pending sales were both up when compared to last year. Closed sales were up by 21.9% for the month compared to last year (in December they were up by 1.4%). New sales under contract (new pending sales) increased by 9.6% (they were up by 44.1% last month).

Prices were also up for the month.  The median sales price was up by 17.4% (was up by 14.2% in December).  The average sales price was up by 16.8% (it was up by 18.5% in December).

The number of available home listings increased by 56 homes to 988 homes.  This inventory is 48.8% less than last year.  The current supply of homes is only 1.8 months (it was 3.9 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 January 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 January 2021 Market Report

Martin County Townhouses and Condos January 2021 Market Report

Martin County Townhouses and Condos January 2021 Market Report

The Martin County Townhouses and Condos market continues to show vibrant activity. Closed sales for the month were up by 12.5%.  They were up by 30.7% in December.  New sales under contract (new pending sales) were up by 41.5% from last year.  They were up by 35.8% in December.

Prices were also up for January.  The median sales price increased by 23.4% (was up by 18.1% last month). While the average sales price increased by 40.3% (was up by 18.0% in December).

The inventory of available townhouses and condos decreased by 10 units to 276 properties.  This is a 34.4% smaller inventory than we had in January 2020.  Currently, there’s a 2.7 months supply of inventory (compared to 4.7 months for January 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 January 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 January 2021 Market Report

Martin County Single Family Homes January 2021 Market Report

Martin County Single Family Homes January 2021 Market Report

The Martin County Single Family Homes Market Report continues to show better activity than last January. Closed sales were up by 20.8% from last year(were up by 35.1% in December).  While new pending sales increased by 22.5% as compared to last year (increased by 69.2% last month).

Prices were also up for January.  The median sales price was up from last year by 10.7% (it was up by 8.0% in December) while the average sales price increased by 45.6% (it was up by 24.4% last month).

The inventory of available single-family homes decreased from last month by 6 homes to 484 homes for January. This is 56.5% less inventory than last January.  The current supply of homes is only 1.8 months.  For January of last year, it was a 4.6 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 January 2021 Market Report

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 January 2021 Market Report

St Lucie County Townhouse and Condo Sales 2020 Yearly Review

St Lucie County Townhouse and Condo Sales 2020 Yearly Review

The St Lucie County Townhouse and Condo Sales for 2020 had stronger sales activity when compared to 2019.  Initially, after the pandemic hit, market activity slowed to a near standstill. This was followed by a very strong sellers’ market for the remainder of the year. Year to year closed sales were up by 11.7% as compared to 2019 which saw a decrease of 9.9% and new sales under contract (new pending sales) increased by 19.3% (2019 saw a decrease of 4.7%).

St Lucie County Townhouse and Condo Sales 2020 Yearly Review
Click the image for the full report

Prices were also up when compared to last year. The median sales price increased by 19.1% as compared to the 2.1% rise last year. The average sales price was up by 17.4% as compared to the 3.2% decrease in 2019.

Inventory decreased by 45.2% as compared to 2019’s increase of 5.1%. While the monthly supply of inventory decreased to 2.9 months as compared to 5.9 months for 2019.  A strong seller’s market for Saint Lucie County townhouses and condos but approaching a balanced one.

 To view the full report click on the graphic above or the link below:
St Lucie County Townhouse and Condo Sales

View previous St Lucie County Yearly Reviews Here!

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.

Recent Market Report Posts:

St Lucie County Townhouse and Condo Sales 2020 Yearly Review