February 2014 Monthly Market Detail St Lucie County Townhouses and Condos
The February 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors once again showed some disappointing results after a good start to the year in January. Year to year closed sales were down by 8.2% (was up by 12.3% in January) while new sales under contract (new pending sales) decreased by 28.2% (was down by 9.1% in January). This decreased volume is concerning. Most of it, I suspect, is from the rapid price increases this past year, though with this month, this appears to be easing as well.
The median sales price up by 15% (up 4.3% in January) and the average sales price dropped by 14.4% (was up by an impressive 45.2% in January).
The inventory of available townhouses and condos decreased by 10 units from last month to 901 units which is still down by 8.1% from last February. Current supply of inventory remained unchanged from last month to 9.4 months (still an 4.6% decrease from last year). This is a buyers market at present and the lower prices will most likely continue until inventory and closed sales pick up.
Click here to view or download the full report:
February 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.
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