March 2013 Monthly Market Detail St. Lucie County Townhouses and Condos
Some very positive results reported by Florida Realtors for the March 2013 Monthly Market Detail St. Lucie County Townhouses and Condos. Year to year closed sales were up by 19.3% and new sales under contract (new pending sales) increased by 39%
Prices have remained under considerable pressure and have not improved as well as the single family market with the median price off by 10.2% from last year while the average price gained a modest 5.7%.
The inventory of available townhouses and condos have decreased to 967 units which id down by 22% from last March. Current supply of inventory is only 9.6 months (a 38.9% 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.
Here’s the summary chart from the Florida Realtors report:
Click here to view or download the full report:
March 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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