October 2014 Monthly Market Detail St Lucie County Townhouses and Condos
The October 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed some renewed activity as compared to both the last few months and last year. Closed sales were up by 9.9% (was up by 12.9% in September) while new sales under contract (new pending sales) decreased by 5.2% (was down by 18.4% in September).
The median sales price was up by a whopping 44.3% (up 13.1% in September) and the average sales price increased by 13.3% (was up by 9.4% in September). Like last year, it appears that sales prices are once again on the rise.
The inventory of available townhouses and condos increased by 32 units from last month to 664 units which is down by 23.9% from last October. Current supply of inventory increased to 6.3 months from the 6.1 month supply in September and is 25.4% lower than last year. The St. Lucie County townhouse and condo market is in a balanced market. It was nice to see an increase in inventory for october after many months of decreases.
Click here to view or download the full report:
October 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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