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Martin County Townhouses and Condos March 2021 Market Report

04.27.21 by

Martin County Townhouses and Condos March 2021 Market Report

The Martin County Townhouses and Condos market continues to show strong activity when compared to last year. Closed sales for the month were up by 12.6%.  They were up by 21.2% in February.  New sales under contract (new pending sales) were up by 95.5% from last year.  They were up by 14.7% in February.

Prices were also up for March.  The median sales price increased by 22.0% (was up by 30.3% last month). While the average sales price increased by 18.5% (was up by 16.0% in February).

The inventory of available townhouses and condos decreased by 57 units to 211 properties.  This is a 51.8% smaller inventory than we had in March 2020.  Currently, there’s a 2.0 months supply of inventory (compared to 4.7 months for March 2020).  We remain in a seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos March 2021 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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.

Martin County Townhouses and Condos March 2021 Market Report

Hutchinson House April 2021 Market Report

04.25.21 by

Hutchinson House April 2021 Market Report

For April 2021, there is only 1 condo for sale in Hutchinson House on Hutchinson Island in Stuart FL.  The list price is $350,000 or $275.81 per sq. ft. of living area.

There is also 1 condo currently under contract. It was listed for $319,900 which is $290.55 per sq. ft. of living area. This condo was on the market for 8 days before going under contract.

8 condos have sold in the past 12 months in Hutchinson House.  Sales prices ranged from $265,000 up to $455,000. This works out to an average sales price of $357,000 which equals $294.04 per sq. ft. of living area.  These condos sold for an average of 95% of list price and averaged 69 days on market prior to going under contract.

Click here to view previous Hutchinson House market reports.

About the Hutchinson House Condos in Stuart Florida:

Hutchinson House on Hutchinson Island in Stuart Florida
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Hutchinson House condos for sale:

Located on Hutchinson Island in uncrowded and unspoiled Martin County, the Hutchinson House Condo complex is an ocean to Intracoastal complex with a variety of styles and views offering wonderful amenities that include ocean access docks, clubhouse, pools, spa/Jacuzzi, tennis and a private beach.

Hutchinson House consists of 121 Condos. The Ocean Side is Hutchinson House East and the riverside is called Hutchinson House West.  Both sides offer 2 and 3 bedroom condos with 2 or more bathrooms.  Many with spectacular views of the river and the crystal clear blue waters of the Atlantic Ocean.

Recently sold Hutchinson House condos:

This development is one of the few condo developments that are pet-friendly and allows for up to 2 large pets.  For currently available Hutchinson House condos please call or view the search link below.

Hutchinson House on Hutchinson Island in Stuart Florida
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Search for Hutchinson House Condos for Sale

Recent market reports:

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.

Hutchinson House April 2021 Market Report

St Lucie County Townhouses and Condos February 2021 Market Report

03.30.21 by

St Lucie County Townhouses and Condos February 2021 Market Report

The St Lucie County Townhouses and Condos market for February 2021 continues to show strong activity when compared to February of 2020. Closed sales were up by 17.4% from last year (were up by 41.2% in January). New pending sales were up by 72.6% for February (they were up by 18.9% last month).

The February prices were also up.  The median price increased by 32.1% from last year (was up by 31.8% in January) while the average sales price increased by 12.8% (was up by 3.6% in January).

The inventory of available townhouses and condos decreased by 62 units from last month to 282 residences. This is 54.2 % less inventory than we had in February 2020. The current inventory supply is 2.5 months, as compared to 6.3 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a sellers’ market, mainly because of the decrease in inventory. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos February 2021 Market Report

 

Click to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Townhouses and Condos February 2021 Market Report

Martin County Townhouses and Condos February 2021 Market Report

03.26.21 by

Martin County Townhouses and Condos February 2021 Market Report

The Martin County Townhouses and Condos market continues to show strong activity when compared to last year. Closed sales for the month were up by 21.2%.  They were up by 12.5% in January.  New sales under contract (new pending sales) were up by 14.7% from last year.  They were up by 41.5% in January.

Prices were also up for February.  The median sales price increased by 30.3% (was up by 23.4% last month). While the average sales price increased by 16.0% (was up by 40.3% in January).

The inventory of available townhouses and condos decreased by 8 units to 268 properties.  This is a 38.7 % smaller inventory than we had in February 2020.  Currently, there’s a 2.5 months supply of inventory (compared to 4.5 months for February 2020).  We remain in a seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos February 2021 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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.

Martin County Townhouses and Condos February 2021 Market Report

St Lucie County Townhouses and Condos January 2021 Market Report

03.02.21 by

St Lucie County Townhouses and Condos January 2021 Market Report

The St Lucie County Townhouses and Condos market for January 2021 continues to show very strong activity. Closed sales were up by 41.2% from last year (were up by 25.5% in December). New pending sales were up by 18.9% for January (they were up by 53.2% last month).

The January prices were also up.  The median price increased by 31.8% from last year (was up by 38.2% in December) while the average sales price increased by 3.6% (was up by 23.1% in December).

The inventory of available townhouses and condos increased by 25 units from last month to 344 residences. This is 41.3% less inventory than we had in January 2020. The current inventory supply is 3.0 months, as compared to 6.0 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a sellers’ market, mainly because of the decrease in inventory. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos January 2021 Market Report

 

Click to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Townhouses and Condos January 2021 Market Report

Martin County Townhouses and Condos January 2021 Market Report

02.28.21 by

Martin County Townhouses and Condos January 2021 Market Report

The Martin County Townhouses and Condos market continues to show vibrant activity. Closed sales for the month were up by 12.5%.  They were up by 30.7% in December.  New sales under contract (new pending sales) were up by 41.5% from last year.  They were up by 35.8% in December.

Prices were also up for January.  The median sales price increased by 23.4% (was up by 18.1% last month). While the average sales price increased by 40.3% (was up by 18.0% in December).

The inventory of available townhouses and condos decreased by 10 units to 276 properties.  This is a 34.4% smaller inventory than we had in January 2020.  Currently, there’s a 2.7 months supply of inventory (compared to 4.7 months for January 2020).  We remain in a seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos January 2021 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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.

Martin County Townhouses and Condos January 2021 Market Report

St Lucie County Townhouses and Condos December 2020 Market Report

01.29.21 by

St Lucie County Townhouses and Condos December 2020 Market Report

The St Lucie County Townhouses and Condos market for December 2020 continues to show very strong activity. Closed sales were up by 25.5% from last year (were up by 49.0% in November). New pending sales were up by 53.2% for December (they were up by 56.3% last month).

The December prices were also up sharply.  The median price increased by 38.2% from last year (was up by 44.8% in November) while the average sales price increased by 23.1% (was up by 38.7% in November).

The inventory of available townhouses and condos decreased by 43 units from last month to 319 residences. This is 45.2% less inventory than we had in December 2019. The current inventory supply is 2.9 months, as compared to 5.9 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a sellers’ market, mainly because of the decrease in inventory. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos December 2020 Market Report

 

Click to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Townhouses and Condos December 2020 Market Report

Martin County Townhouses and Condos December 2020 Market Report

01.27.21 by

Martin County Townhouses and Condos December 2020 Market Report

The Martin County Townhouses and Condos market continues to show strong activity. Closed sales for the month were up by 30.7%.  They were up by 74.2% in November.  New sales under contract (new pending sales) were up by 35.8% from last month.  They were up by 49.3% for November.

Prices were also up for December.  The median sales price increased by 18.1% (was up by 20.5% last month). While the average sales price increased by 18.0% (was up by 6.3% in November).

The inventory of available townhouses and condos decreased by 3 units to 286 properties.  This is a 25.1% smaller inventory than we had in December 2019.  Currently, there’s a 2.9 months supply of inventory (compared to 4.2 months for December 2019).  We remain in a seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos December 2020 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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.

Martin County Townhouses and Condos December 2020 Market Report

St Lucie County Townhouses and Condos November 2020 Market Report

12.30.20 by

St Lucie County Townhouses and Condos November 2020 Market Report

The St Lucie County Townhouses and Condos market for November 2020 continues to show excellent activity. Closed sales were up by 49.0% from last year (were up by 102.5% in October). New pending sales were up by 56.3% for November (they were up by 42.6% last month).

The November prices were also up.  The median price increased by 44.8% from last year (was down by 17.5% in October) while the average sales price increased by 38.7% (was up by 35.4% in October).

The inventory of available townhouses and condos was unchanged from last month at 362 units. This is 37.7% less inventory than we had in November 2019. The current inventory supply is 3.3 months, as compared to 6.0 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a sellers’ market, mainly because of the decrease in inventory. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos November 2020 Market Report

 

Click to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Townhouses and Condos November 2020 Market Report

Martin County Townhouses and Condos November 2020 Market Report

12.28.20 by

Martin County Townhouses and Condos November 2020 Market Report

The Martin County Townhouses and Condos market continues to show strong activity. Closed sales for the month were up by 74.2%.  They were up by 38.9% in October.  New sales under contract (new pending sales) were up by 49.3% from last month.  They were up by 21.9% for October.

Prices were also up for November.  The median sales price increased by 20.5% (was up by 10.8% last month). While the average sales price increased by 6.3% (was up by 12.8% in October).

The inventory of available townhouses and condos increased by 3 units to 289 properties.  This is a 22.5% smaller inventory than we had in November 2019.  Currently, there’s a 3.0 months supply of inventory (compared to 4.1 months for November 2019).  We remain in a seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos November 2020 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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.

Martin County Townhouses and Condos November 2020 Market Report

St Lucie County Townhouses and Condos October 2020 Market Report

11.27.20 by

St Lucie County Townhouses and Condos October 2020 Market Report

The St Lucie County Townhouses and Condos market for October 2020 continues to do well and not show any ill effects from the current pandemic. Closed sales were up by 102.5% from last year (were up by 68.4% in September). New pending sales were up by 42.6% for October (they were up by 145.1% last month).

October prices were also up.  The median price increased by 17.5% from last year (was down by 2.4% in September) while the average sales price increased by 35.4% (was up by 12.6% in September).

The inventory of available townhouses and condos decreased by 25 units from last month to 362 units. This is 37.2% less inventory than we had in October 2019. The current inventory supply is 3.5 months, as compared to 6.0 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a sellers’ market, mainly because of the decrease in inventory. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos September 2020 Market Report

 

Click to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Townhouses and Condos October 2020 Market Report

Martin County Townhouses and Condos October 2020 Market Report

11.25.20 by

Martin County Townhouses and Condos October 2020 Market Report

The Martin County Townhouses and Condos market continues to show strong activity. Closed sales for the month were up by 38.9%.  They were up by 37.5% in September.  New sales under contract (new pending sales) were up by 21.9% from last month.  They were up by 82.4% for September.

Prices were also up for October.  The median sales price increased by 10.8% (was up by 24.6% last month). While the average sales price increased by 12.8% (was up by 21.1% in September).

The inventory of available townhouses and condos decreased by 13 units to 286 properties.  This is a 22.7% smaller inventory than we had in October 2019.  Currently, there’s a 3.0 months supply of inventory (compared to 4.1 months for October 2019).  We remain in a seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos October 2020 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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.

Martin County Townhouses and Condos October 2020 Market Report

St Lucie County Townhouses and Condos September 2020 Market Report

10.30.20 by

St Lucie County Townhouses and Condos September 2020 Market Report

The St Lucie County Townhouses and Condos market for September 2020 continues to do well and not show any ill effects from the current pandemic. Closed sales were up by 68.4% from last year (were up by 44.7% in August). New pending sales were up by 145.1% for September (they were up by 43.2% last month).

September prices were mixed.  The median price decreased by 2.4% from last year (was up by 35.5% in August) while the average sales price increased by 12.6% (was up by 30.7% in August).

The inventory of available townhouses and condos decreased by 15 units from last month to 387 units. This is 29.4% less inventory than we had in September 2019. The current inventory supply is 4.0 months, as compared to 5.6 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a sellers’ market, mainly because of the decrease in inventory. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos September 2020 Market Report

 

Click to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Townhouses and Condos September 2020 Market Report

Martin County Townhouses and Condos September 2020 Market Report

10.28.20 by

Martin County Townhouses and Condos September 2020 Market Report

The Martin County Townhouses and Condos market continues to show strong activity. The effects of the current pandemic seem to be pretty nonexistent. Closed sales for the month were up by 37.5%.  They were up by 31.3% in August.  New sales under contract (new pending sales) were up by 82.4% from last month.  They were up by 23.3% for August.

Prices were also up for September.  The median sales price increased by 24.6% (was up by 26.6% last month). While the average sales price increased by 21.1% (was up by 24.5% in August).

The inventory of available townhouses and condos decreased by 19 units to 299 properties.  This is a 10.7% smaller inventory than we had in September 2019.  Currently, there’s a 3.3 months supply of inventory (compared to 3.7 months for September 2019).  We remain in a seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos September 2020 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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.

Martin County Townhouses and Condos September 2020 Market Report

Hutchinson House October 2020 Market Report

10.06.20 by

Hutchinson House October 2020 Market Report

As of October 2020, there are 2 condos for sale in Hutchinson House on Hutchinson Island in Stuart FL.  The list prices are $380,000 and $389,000. This is an average list price of $384,500 or $289.57 per sq. ft. of living area.

There is 1 condo currently under contract. It was listed for $399,900 which is $286.87 per sq. ft. of living area. This condo was on the market for 24 days before going under contract.

6 condos have sold in the past 12 months in Hutchinson House.  Sales prices ranged from $265,000 up to $455,000. This works out to an average sales price of $342,417 which equals $280.24 per sq. ft. of living area.  These condos sold for an average of 95% of list price and averaged 85 days on market prior to going under contract.

Click here to view previous Hutchinson House market reports.

About the Hutchinson House Condos in Stuart Florida:

Hutchinson House on Hutchinson Island in Stuart Florida

Located on Hutchinson Island in uncrowded and unspoiled Martin County, the Hutchinson House Condo complex is an ocean to Intracoastal complex with a variety of styles and views offering wonderful amenities that include ocean access docks, clubhouse, pools, spa/Jacuzzi, tennis and a private beach.

Hutchinson House on Hutchinson Island in Stuart Florida

Hutchinson House consists of 121 Condos. The Ocean Side is Hutchinson House East and the riverside is called Hutchinson House West.  Both sides offer 2 and 3 bedroom condos with 2 or more bathrooms.  Many with spectacular views of the river and the crystal clear blue waters of the Atlantic Ocean.

Hutchinson House on Hutchinson Island in Stuart Florida

This development is one of the few condo developments that are pet-friendly and allows for up to 2 large pets.  For currently available Hutchinson House condos please call or view the search link below.

  • Hutchinson House on Hutchinson Island in Stuart Florida
  • Hutchinson House on Hutchinson Island in Stuart Florida

Search for Hutchinson House Condos for Sale

Recent market reports:

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.

Hutchinson House October 2020 Market Report

St Lucie County Townhouses and Condos August 2020 Market Report

09.30.20 by

St Lucie County Townhouses and Condos August 2020 Market Report

The St Lucie County Townhouses and Condos market for August 2020 is recovering nicely from the effects of the current pandemic. Closed sales were up by 44.7% from last year (were up by 23.6% in July). New pending sales were up by 43.2% for August (they were up by 46.1% last month).

August prices were also up.  The median price increased by 35.5% from last year (was up by 35.9% in July) while the average sales price increased by 30.7% (was up by 16.4% in July).

The inventory of available townhouses and condos decreased by 66 units from last month to 402 units. This is 24.3% less inventory than we had in August 2019. The current inventory supply is 4.3 months, as compared to 5.5 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a sellers’ market, mainly because of the decrease in inventory. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos August 2020 Market Report

 

Click to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Townhouses and Condos August 2020 Market Report

Martin County Townhouses and Condos August 2020 Market Report

09.28.20 by

Martin County Townhouses and Condos August 2020 Market Report

The Martin County Townhouses and Condos market is now showing strong recovery from the effects of the current pandemic. Closed sales for the month were up by 31.3%.  They were up by 5.2% in July.  New sales under contract (new pending sales) were up by 23.3% from last month.  They were up by 34.7% for July.

Prices were also up for August.  The median sales price increased by 26.6% (was down by 5.6% last month). While the average sales price increased by 24.5% (was up by 7.4% in July).

The inventory of available townhouses and condos decreased by 47 units to 318 properties.  This is an 11.7% smaller inventory then we had in August 2019.  Currently, there’s a 3.6 months supply of inventory (compared to 3.9 months for August 2019).  We remain in a seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos August 2020 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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.

Martin County Townhouses and Condos August 2020 Market Report

St Lucie County Townhouses and Condos July 2020 Market Report

08.26.20 by

St Lucie County Townhouses and Condos July 2020 Market Report

The St Lucie County Townhouses and Condos market for July 2020 is recovering nicely from the effects of the current pandemic. Closed sales were up by 23.6% from last year (were down by 19.2% in June). New pending sales were up by 46.1% for July (they were up by 26.3% last month).

July’s prices were also up.  The median price increased by 35.9% from last year (was down by 1.7% in June) while the average sales price increased by 16.4% (was down by 4.7% in June).

The inventory of available townhouses and condos decreased by 21 units from last month to 468 units. This is 15.2% less inventory than we had in July 2019. The current inventory supply is 5.2 months, as compared to 5.5 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a sellers’ market, mainly because of the decrease in inventory. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos July 2020 Market Report

 

Click to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Townhouses and Condos July 2020 Market Report

Martin County Townhouses and Condos July 2020 Market Report

08.24.20 by

Martin County Townhouses and Condos July 2020 Market Report

The Martin County Townhouses and Condos market is now showing strong recovery from the effects of the current pandemic. Closed sales for the month were up by 5.2%.  They were down by 5.9% in June.  New sales under contract (new pending sales) were up by 34.7% from last month.  They were up by 38.6% for June.

Prices were also up for July.  The median sales price decreased by 5.6% (was down by 6.0% last month). While the average sales price increased by 7.4% (was down by 9.4% in June).

The inventory of available townhouses and condos decreased by 12 units to 365 properties.  This is a 2.0% greater inventory then we had in July 2019.  Currently, there’s a 4.2 months supply of inventory (compared to 3.9 months for July 2019).  We remain in a seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos July 2020 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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.

Martin County Townhouses and Condos July 2020 Market Report

St Lucie County Townhouses and Condos June 2020 Market Report

07.29.20 by

St Lucie County Townhouses and Condos June 2020 Market Report

The St Lucie County Townhouses and Condos market for June 2020 is still showing the effects of the current pandemic. Closed sales remain down when compared to last year but pending sales have risen. So, it appears that there’s some light at the end of the tunnel. Closed sales were down by 19.2% from last year (were down by 41.1% in May). New pending sales were up by 26.3% for April (they were down by 16.9% last month).

June’s prices were also down.  The median price decreased by 1.7% from last year (was down by 10.9% in May) while the average sales price decreased by 4.7% (was down by 0.6% in May).

The inventory of available townhouses and condos decreased by 102 units from last month to 489 units. This is 10.3% less inventory than we had in June 2019. The current inventory supply is 5.6 months, as compared to 5.4 months of inventory last year.  The St Lucie County townhouses and condos real estate has drifted back into a sellers’ market, mainly because of the decrease in inventory. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos June 2020 Market Report

 

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View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Townhouses and Condos June 2020 Market Report