December 2013 Monthly Market Detail St Lucie County Townhouses and Condos
Unfortunately the December 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed another month of decreasing sales volume as compared to last year. This is now four months in a row. This is one of the most under performing sectors in the Treasure Coast and Florida in general for volume. Year to year closed sales were down by 19.4% (was down by 17.5% in November) while new sales under contract (new pending sales) decreased by 29.1% (was down by 5.4% in November
Though values were considerably higher this year with the median sales price up by 37.1% (up 40% in November) and the average sales price rose by 38.8% (was up by 31.4% in November).
The inventory of available townhouses and condos decreased from last month to 841 units which is a decrease of 11.1% from last December. Current supply of inventory remained unchanged from last month to 8.8 months (still an 8.3% decrease from last year). Unfortunately the low inventory along with the rapid increase in values is hurting the volume of condo and townhouse sales in St. Lucie County. Once inventory starts to rise, I expect the volume to pick up as well.
Click here to view or download the full report:
December 2013 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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