Martin County Florida Condo Market Report for October 2011

Commentary:

The Martin County Florida condo market report for October 2011 showed surprisingly high activity from both last month as well as last year.  Sales were up by 40% from last year and 20% from September.  The only negative is the vast majority of these sales were for lower-priced units throughout Martin County.  The inventory was down by close to 20% from last year, but up slightly from last month.  Many condo sellers feel that the holiday season starts the great migration of buyers from the north and is a better time to market their property.  (Not necessarily so, as evidenced by last month’s sales numbers.)

The big uncertainty remains, which is the economy.  We believe that if we have any sustained good news, we will see a pretty good rush on the market which will be a nice change from the present.  For the longer term, even though we have the best mortgage rates in history at the moment, inflation is making news and this is not good for rates down the line.  The Fed. is working hard to keep rates down, but for how long, we’re just not too sure.

Our outlook for Martin County is fairly positive as for buyers, prices and rates remain very attractive.  For sellers, it doesn’t look like we’re going to see any significant improvements soon, so if you need to sell, you may be better off now than possibly in the near future.

Click on the individual charts to see charts in expanded mode.

Condo Market Report for October 2011 in Martin County, Florida

the Gabe Sanders real estate team

Condo Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

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