January 2014 Monthly Market Detail St Lucie County Townhouses and Condos
The January 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors had a very positive start to 2014 after a number of disappointing last four months of 2013 for the townhouse and condo segment of the Saint Lucie County real estate market. Year to year closed sales were up by 12.3% (was down by 19.4% in December) while new sales under contract (new pending sales) decreased by 9.1% (was down by 29.1% in December).
Values continue to rise as the median sales price up by 4.3% (up 37.1% in December) and the average sales price rose by 45.2% (was up by 38.8% in December).
The inventory of available townhouses and condos increased from last month to 911 units which is still down by 6.5% from last January. Current supply of inventory remained unchanged from last month to 9.4 months (still an 8.8% decrease from last year). Back into a buyer’s market. 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:
January 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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