July 2013 Monthly Market Detail St Lucie County Townhouses and Condos
The July 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed a is back on a positive track after showing a little weakness last month. Year to year closed sales were up by 8.9% (was off by 17% in June) while new sales under contract (new pending sales) increased by 29.9% (was 9.4% in June
Prices continued to rise, year to year, with the median sales price up by an impressive 62.6% (up 11.8% in June) and the average sales price rose by 20% (was up by 11.8% in June).
The inventory of available townhouses and condos rose slightly from last month to 801 units which is a decrease of 25% from last July. Current supply of inventory is now 7.8 months (a 35.8% decrease from last year). While these results are not quite as strong as in the single family market, they still show strong gains from previous years. It is just a matter of time before prices start rising a bit more dramatically. This current environment is an excellent opportunity for buyers looking into the Saint Lucie County real estate market for townhouses and condos.
Please see the entire Saint Lucie County townhome and condo market detail by clicking the links below:
Click here to view or download the full report:
July 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.
Leave a Reply