Search Results for: Martin County townhouses and condos market report

Florida Townhouses and Condos October 2016 Market Detail

11.28.16 by

Florida Townhouses and Condos October 2016 Market Detail

The Florida Townhouses and Condos Market Detail for October 2016 showed continued weakness as compared to last year for sales.   Closed sales were down by 12.3% as compared to last months decrease of 3.9% and new sales under contract (new pending sales) decreased by 14.5% (In September there was a 5% decrease).

Values, however, continued to increase though at a more moderate pace.  Median sales prices were up by 8.1% (was up by 6.7% in September), while the average sales price increased by 0.5% (was down 2.9% in September).  As sales activity decreases and if inventory continues to increase, I expect these prices to continue to moderate.

The inventory increased by 8.2% from October of last year.  For September 2016 we have 5.9 months of inventory (was  5.8 months in September) and compared to 5.3 for October 2015.  We are approaching a balanced market for Florida townhouse and condo sales. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos October 2016 Market Detail

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos October 2016 Market Detail

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.

Florida Townhouses and Condos October 2016 Market Detail

September 2016 Monthly Market Detail St Lucie County Townhouses and Condos

10.31.16 by

September 2016 Monthly Market Detail St Lucie County Townhouses and Condos

The September 2016 Monthly Market Detail St Lucie County Townhouses and Condos picked up a little from last month and remains quite strong.  Closed sales were unchanged from last year (was down 3.8% in August) while new pending sales decreased by 5.1% (was down by 2.9% in August).

Prices continue to increase, though at a more moderate pace than in past months, with the median price up by 6.5% (was up by 23.0% in August) while the average sales price increased by 5.9% (was up by 10.8% in August).  These increases are much more in line with continued moderate gains for year to year in the future.

The inventory of available townhouses and condos decreased by 19 units from last month to 507 units, which is 6.3% less than September 2015. The current supply of units is 5.1 months, which is 3.8% lower than the 5.3 months of inventory last year.  The St Lucie County townhouses and condos continues to be in a sellers market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

September 2016 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
September 2016 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.

September 2016 Monthly Market Detail St Lucie County Townhouses and Condos

September 2016 Monthly Market Detail Martin County Townhouses and Condos

10.29.16 by

September 2016 Monthly Market Detail Martin County Townhouses and Condos

September 2016 Monthly Market Detail Martin County Townhouses and Condos had reduced sales volume and prices for September as compared to last year, yet still remains a very active market.  Closed sales were down for the month, decreased by 3.2% (was up by 4.8% in August) while new sales under contract (new pending sales) were down by 16.8% from September 2014 (decreased by 8.7% in August).

Prices were mixed for September as the median sales price increased by 6.5% (was down by 9.3% in August) while the average sales price decreased by 4.0% (was down by 8.2% in August) as compared to September of 2015.  Typically this split indicates a greater number of sales in the lower priced ranges and slower movement in the higher priced segments.

The inventory of available townhouses and condos decreased by 13 units to 364 properties as compared to last month.  This is 11.3% greater than the September 2015 inventory.  Currently, there’s a 3.7 month supply of inventory (an 11.3% increase from last year).  Still a strong sellers market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

September 2016 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
September 2016 Monthly Market Detail Martin 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.

September 2016 Monthly Market Detail Martin County Townhouses and Condos

September 2016 Monthly Market Detail Florida Townhouses and Condos

10.27.16 by

September 2016 Monthly Market Detail Florida Townhouses and Condos

The September 2016 Monthly Market Detail Florida Townhouses and Condos had a weaker month for sale activity as compared to last year.   Closed sales were down by 3.9% as compared to last months increase of 3.3% and new sales under contract (new pending sales) decreased by 5% (In August there was a 6.1% decrease).

Price changes were mixed this month with the median prices rising while average prices declined..  Median sales prices were up by 6.7% (was also up by 6.7% in August), while the average sales price decreased by 2.9% (was up 3.4% in August).  As sales activity decreases and if inventory continues to increase, I expect these prices to continue to moderate.

The inventory increased by 9.3% from September of last year.  For August 2016 we have 5.8 months of inventory (was also 5.8 months in August) and compared to 5.1 for September 2015.  We are approaching a balanced market for Florida townhouse and condo sales. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

September 2016 Monthly Market Detail Florida Townhouses and Condos

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
September 2016 Monthly Market Detail Florida 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.

September 2016 Monthly Market Detail Florida Townhouses and Condos

August 2016 Monthly Market Detail St Lucie County Townhouses and Condos

10.01.16 by

August 2016 Monthly Market Detail St Lucie County Townhouses and Condos

The August 2016 Monthly Market Detail St Lucie County Townhouses and Condos picked up a little from last month and remains active.  Closed sales were down 3.8% from last year (was down 22.6% in July) while new pending sales decreased by 2.9% (was down by 2.6% in July).

Prices on the other hand went back to increasing after last month with the median price up by 23.0% (was down by 18.8 in July) while the average sales price increased by 10.8% (decreased 1.7% in July).  These increases were unexpected as I don’t expect prices to rise quite this fast year to year in the future.  Though, I also don’t expect them to decline anytime soon either.

The inventory of available townhouses and condos increased by 17 units from last month to 526 units, which is only 1.7% less than August 2015. The current supply of inventory is 5.3 months, which is just a little more than the 5.2 months of inventory last year.  The St Lucie County townhouses and condos continues to be in a sellers market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

August 2016 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
August 2016 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.

August 2016 Monthly Market Detail St Lucie County Townhouses and Condos

August 2016 Monthly Market Detail Martin County Townhouses and Condos

09.29.16 by

August 2016 Monthly Market Detail Martin County Townhouses and Condos

August 2016 Monthly Market Detail Martin County Townhouses and Condos had reduced sales volume and prices for August yet still remains a very active market.  Closed sales were up for this month, decreased by 4.8% (was up by 4.7% in July) while new sales under contract (new pending sales) were down by 8.7% from August 2014 (decreased by 15.2% in July).

Prices were also off for August as the median sales price decreased by 9.3% (was up by 8.8% in July) while the average sales price decreased by 8.2% (was up by 4.1% in July) as compared to August of 2015.  I think this is just a temporary situation as I feel prices will continue to rise for the near future.

The inventory of available townhouses and condos increased by 7 units to 377 properties as compared to last month.  This is 16.7% greater than the August 2015 inventory.  Currently, there’s a 3.9 month supply of inventory (an 25.8% increase from last year).  Still a strong sellers market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

August 2016 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
August 2016 Monthly Market Detail Martin 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.

August 2016 Monthly Market Detail Martin County Townhouses and Condos

August 2016 Monthly Market Detail Florida Townhouses and Condos

09.27.16 by

August 2016 Monthly Market Detail Florida Townhouses and Condos

The August 2016 Monthly Market Detail Florida Townhouses and Condos continues to show improvement over the previous year and had improved results from the past few months as well.   Closed sales were up by 3.3% as compared to last months decrease of 11.5% and new sales under contract (new pending sales) decreased by 6.1% (In July there was a 11.3% decrease).

Prices continue to go up, though not as fast as previous months.  Median sales prices were up by 6.7% (was up by 6.8% in July), while the average sales price increased only by 3.4% (was up 0.4% in July).  These price rises should continue but generally not at a very high rate.

The inventory increased by 9.3% from August of last year.  For July 2016 we have 5.8 months of inventory (was 5.9 months in July) and compared to 5.2 for August 2015.  We are currently in a very slight sellers market for Florida townhouse and condo sales. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

August 2016 Monthly Market Detail Florida Townhouses and Condos

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
August 2016 Monthly Market Detail Florida 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.

August 2016 Monthly Market Detail Florida Townhouses and Condos

July 2016 Monthly Market Detail St Lucie County Townhouses and Condos

09.05.16 by

July 2016 Monthly Market Detail St Lucie County Townhouses and Condos

The July 2016 Monthly Market Detail St Lucie County Townhouses and Condos had slower closed and pending activity when compared to last year.  Closed sales were down 22.6% from last year (was up 5.7% in June) while new pending sales decreased by 2.6% (was down by 14.8% in June).

Prices also took a hit for July with the median sales price decreasing by 18.8% (was up by 23.6 in June) while the average sales price decreased by 1.7% (decreased 1.4% in June).  I don’t expect prices to decrease very much but, the previous rate of increases were unsustainable.

The inventory of available townhouses and condos decreased by 57 units from last month to 509 units, which is only 7.8% less than July 2015. The current supply of inventory dropped to 5.1 months, which is less than the 5.4 months of inventory last year.  The St Lucie County townhouses and condos continues to be in a sellers market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

July 2016 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
July 2016 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.

July 2016 Monthly Market Detail St Lucie County Townhouses and Condos

July 2016 Monthly Market Detail Martin County Townhouses and Condos

09.03.16 by

July 2016 Monthly Market Detail Martin County Townhouses and Condos

July 2016 Monthly Market Detail Martin County Townhouses and Condos continues showing some uneven sales volumes.  Closed sales were up for this month, increased by 4.7% (was down by 5.0% in June) while new sales under contract (new pending sales) were down by 15.2% from July 2014 (increased by 39.1% in June).

Prices, however continued with strong increase as the median sales price increased by 8.8% (was down by 5.7% in June) while the average sales price increased by 4.1% (was down by 5.4% in June) as compared to July of 2015.  This remains a very active segment of the real estate market and I don’t expect any slowdown of price increase until we get considerably greater inventory or fewer sales numbers.

The inventory of available townhouses and condos decreased by 11 units to 370 properties as compared to last month.  The second month of reduced inventory. This is 3.4% greater than the July 2015 inventory.  Currently, there’s a 3.8 month supply of inventory (an 11.8% increase from last year).  Still in a strong sellers market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

July 2016 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
July 2016 Monthly Market Detail Martin 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.

July 2016 Monthly Market Detail Martin County Townhouses and Condos

July 2016 Monthly Market Detail Florida Townhouses and Condos

09.01.16 by

July 2016 Monthly Market Detail Florida Townhouses and Condos

The July 2016 Monthly Market Detail Florida Townhouses and Condos showed continued weaker activity compared to last year.   Closed sales were down by 11.5% as compared to last months decrease of 2.6% and new sales under contract (new pending sales) decreased by 11.3% (In June there was a 7.6% decrease).

Prices have continued to rise, though for July this rate has slowed appreciably.  Median sales prices were up by 6.8% (was up by 8.6% in June), while the average sales price increased only by 0.4% (was down 3.1% in June).  With the increase in inventory, these price rises will continue to moderate and possibly even decrease slightly.

The inventory increased by 7.6% from July of last year.  For July 2016 we have 5.9 months of inventory (was 6.0 months in June) and compared to 5.3 for July 2015.  We are currently in a very slight sellers market for Florida townhouse and condo sales. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

July 2016 Monthly Market Detail Florida Townhouses and Condos

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
July 2016 Monthly Market Detail Florida 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.

July 2016 Monthly Market Detail Florida Townhouses and Condos

Mariner Cay August 2016 Market Report

08.28.16 by

Mariner Cay August 2016 Market Report

There are 4 properties on the market in Mariner Cay.  3 homes and one condo.  List prices range from $269,000 up to $2,699,999 for an average list price of $1,379,500 or $375.40 per sq. ft. of living area.

Two properties are under contract (pending).  One condo and one home.  List prices are $425,000 and $650,000 for an average list price of $537,500 which equals $190.53 per sq. ft. of living area.  These two properties averaged 293 days on market before accepting their current offer.

In the past 12 months, 10 properties have sold in Mariner Cay.  9 were condos and only one home.  Sales prices ranged from $200,000 up to $720,000 for an average sales price of $317,450 which works out to $176.91 per sq. ft. of living area.  These homes and condos averaged 279 days on market before going under contract and sold for an average of 95% of the last listed price.

About the Mariner Cay Community

Why should you look into Mariner Cay real estate? The real estate market has much to offer in today’s economy. That is why a great deal of time and effort must be put into searching for the best option available. When it comes to options available Mariner Cay waterfront homes have so much to offer. This wonderful community located along what is referred to as the Treasure Coast of Florida in Martin County is appealing for many different reasons.

Florida’s subtropical and tropical climate makes many seasonal activities year round. In addition, many other choices are added to the extensive list of pursuits in recreation, entertainment and outdoor adventures. With all the water the beaches are a must for an inexpensive form of pleasure and relaxation. Hand in hand with the water comes fishing. Martin County is home to a long list of fishing tournaments, boating activitiesand other related hobbies. Mariner Cay real estate provides an access point into this intriguing world of water through the Mariner Cay marina. Situated in the Manatee Pocket in Stuart Florida the marina is a short distance form St. Lucie Inlet and the cross-roads of the Southeast Florida water-ways. The marina allows you to take advantage of the 60 mile span between its location and the Grand Bahamas Island if you are one with an adventurous spirit. The marina exemplifies the attention to details seen throughout the Mariner Cay real estate properties.

For instance, the marina offers:

  • 90% of Mariner Cay slips are available to the public
  • 51 slips that  accommodate boats up to 80 feet and 6 ft. draft
  • Annual, monthly and daily (transient) slips available
  • Approximately 100′ of face dock dedicated to transient boaters
  • Refueling dock with non-ethanol gas and diesel
  • Electricity (30 & 50 amp) and water (good quality) at each slip
  • Sanitary Pump-out
  • Restrooms, showers and washer/dryer facilities
  • Soft drinks and ice
  • Swimming pool adjacent to marina
  • Gated 7/24 security with roving night-time guards
  • ATM, banks, and grocery shopping close by
  • At least five restaurants within easy dinghy ride
  • Boat works, one do it yourself, available on Manatee pocket
  • Free High Speed Internet and 24/7 Wi-Fi.

With a marina like this it is no wonder Mariner Cay real estate has exclusive waterfront estates as well as waterfront townhouses and condos. A beautiful yacht club with dockage comes with the properties benefits. Mariner Cay real estate offers amenities like

  • community pool
  • tennis courts
  • fitness center
  • cabana
  • and so much more

With this great Stuart location, Mariner Cay real estate is close to it all. When you start asking yourself about the differences in waterfront communities give us a call. We will show you the differences and special features that come along with the amazing Mariner Cay real estate offers.

Search Mariner Cay Real Estate

Mariner Cay August 2016 Market Report

June 2016 Monthly Market Detail St Lucie County Townhouses and Condos

08.01.16 by

June 2016 Monthly Market Detail St Lucie County Townhouses and Condos

The June 2016 Monthly Market Detail St Lucie County Townhouses and Condos showed continued strong closed sales activity.  Closed sales were up 5.7% from last year (was up 19.0% in May) while new pending sales unfortunately decreased  by 14.8% (was up by 13.6% in May).

Prices continued to rise with the median sales price increasing by 23.6% (was up by 3.6% in May) while the average sales price increased by 1.4% (decreased 2.9% in May).  St Lucie County townhouses and condos are showing a very sustainable slow increase in prices for the past few months.

The inventory of available townhouses and condos decreased by 39 units from last month to 566 units, which is only 0.2% greater than June 2015. The current supply of inventory dropped to 5.6 months, which is equal to last year.  The St Lucie County townhouses and condos has once again swung back into a sellers market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

June 2016 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
June 2016 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.

June 2016 Monthly Market Detail St Lucie County Townhouses and Condos

June 2016 Monthly Market Detail Martin County Townhouses and Condos

07.30.16 by

June 2016 Monthly Market Detail Martin County Townhouses and Condos

June 2016 Monthly Market Detail Martin County Townhouses and Condos is giving us some mixed signals with closed sales off from last year but a very strong month for new pending sales..  Closed sales were down by 5.0% (was down by 5.1% in May) and new sales under contract (new pending sales) were up by 39.1% from June 2014 (decreased by 5.4% in May).

Another month of mixed signals with prices as the median sales price increased by 5.7% (was down by 0.4% in May) while the average sales price decreased by 5.4% (was up by 6.7% in May) as compared to June of 2015.  I’ve been predicting some sort of moderation in the rate of price increases and this appears to have happened.

The inventory of available townhouses and condos decreased by 36 units to 381 properties as compared to last month.  The first monthly decline after two months of increases. This is 1.0% below the June 2015 inventory.  Currently, there’s a 3.9 month supply of inventory (an 8.3% increase from last year).  Still in a strong sellers market for townhouses and condos in Martin County.

June 2016 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
June 2016 Monthly Market Detail Martin 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.

June 2016 Monthly Market Detail Martin County Townhouses and Condos

June 2016 Monthly Market Detail Florida Townhouses and Condos

07.28.16 by

June 2016 Monthly Market Detail Florida Townhouses and Condos

The June 2016 Monthly Market Detail Florida Townhouses and Condos showed weaker activity when compared to 1 year ago.  Prices may have climbed a bit to fast for this segment of the Florida real estate market.  Closed sales were down by 2.6% as compared to last months increase of 0.1% and new sales under contract (new pending sales) decreased by 7.6% (In May there was a 4.6% decrease).  Inventory of available condos and townhouses continues to rise as well which should put pressure on prices to either decline or at least moderate.

Though the June prices continued to rise with the median sales price up by 8.6% (was up by 4.4% in May), while the average sales price increased by 3.1% (was down 1.3% in May).  If prices continue to stay somewhat stable or even decrease slightly, I expect the volume of sales to increase.

The inventory increased by 7.9% from June of last year.  For June 2016 we have 6.0 months of inventory (was 6.1 months in May) and compared to 5.5 for June 2015.  We are currently in a balanced market for Florida townhouse and condo sales.

May 2016 Monthly Market Detail Florida Townhouses and Condos

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
June 2016 Monthly Market Detail Florida 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.

June 2016 Monthly Market Detail Florida Townhouses and Condos

May 2016 Monthly Market Detail St Lucie County Townhouses and Condos

06.30.16 by

May 2016 Monthly Market Detail St Lucie County Townhouses and Condos

The May 2016 Monthly Market Detail St Lucie County Townhouses and Condos had a surprisingly strong may after a number of not so stellar months earlier.  Closed sales were up 19.0% from last year (was up 2.9% in April) while new pending sales increased by 13.6% (was down by 8.5% in April).

Prices were mixed with the median sales price increasing by 3.6% (was up by 10.0% in April) while the average sales price decreased by 2.9% (increased 4.7% in April).  St Lucie County townhouses and condos are showing a very sustainable slow increase in prices for the past few months.

The inventory of available townhouses and condos decreased by 37 units from last month to 605 units, which is 4.1% greater than May 2015. The current supply of inventory dropped to 6.0 months, which is 5.3% greater than last year.  The St Lucie County townhouses and condos market remains a balanced market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

May 2016 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
May 2016 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.

May 2016 Monthly Market Detail St Lucie County Townhouses and Condos

May 2016 Monthly Market Detail Martin County Townhouses and Condos

06.28.16 by

May 2016 Monthly Market Detail Martin County Townhouses and Condos

May 2016 Monthly Market Detail Martin County Townhouses and Condos had less volume of closed and pending sales from last year, but is still a very active market.  Closed sales were down by 5.1% (was up by 3.9% in April) and new sales under contract (new pending sales) were down by 5.4% from May 2014 (decreased by 8.4% in April).

Slightly mixed signals with prices as the median sales price dropped by .0.4% (was up by 19.1% in April) while the average sales price increased by 6.7% (was up by 28.9% in April) as compared to May of 2015.  After many months of double digit price gains, this moderation will be welcome news to buyers.

The inventory of available townhouses and condos increased by 7 units to 417 properties as compared to last month.  The second month of increases. This is 1.7% above the May 2015 inventory.  Currently, there’s a 4.2 month supply of inventory (a 7.7% increase from last year).  Still in a sellers market for townhouses and condos for Martin County.

May 2016 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
May 2016 Monthly Market Detail Martin 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.

May 2016 Monthly Market Detail Martin County Townhouses and Condos

May 2016 Monthly Market Detail Florida Townhouses and Condos

06.26.16 by

May 2016 Monthly Market Detail Florida Townhouses and Condos

The May 2016 Monthly Market Detail Florida Townhouses and Condos continues to slow it’s pace from the very strong activity of the past three years.  Closed sales were up by 0.1% as compared to last months decrease of 5.3% and new sales under contract (new pending sales) decreased by 4.6% (In April there was a 5.7% decrease).  Even though the inventory has begun to rise from the all time lows of the previous few months, the tremendous rise in prices have made this segment of Florida’s real estate market a bit too pricey for many.

Prices were mixed for may with the median sales price up by 4.4% (was also up by 4.4% in April), while the average sales price decreased by 1.3% (was up 2.9% in April).  If prices continue to stay somewhat stable or even decrease slightly, I expect the volume of sales to increase.

The inventory increased by 7.4% from May of last year.  For May 2016 we have 6.1 months of inventory (was 6.3 months in April) and compared to 5.8 for May 2015.  We are currently in a balanced market for Florida townhouse and condo sales.

May 2016 Monthly Market Detail Florida Townhouses and Condos

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
May 2016 Monthly Market Detail Florida 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.

May 2016 Monthly Market Detail Florida Townhouses and Condos

April 2016 Monthly Market Detail St Lucie County Townhouses and Condos

05.29.16 by

April 2016 Monthly Market Detail St Lucie County Townhouses and Condos

The April 2016 Monthly Market Detail St Lucie County Townhouses and Condos had a small increase in closed sales volume as compared to last year but a decrease in new pending sales.  Closed sales were up 2.9% from last year (was down 23.1% in March) while new pending sales decreased by 8.5% (was down by 7.5% in March).

The median sales price increased by 10.0% (was up by 9.2% in March) while the average sales price was up by 4.7% (decreased 2.8% in March).  This segment of the St Lucie real estate market has seen some price reductions in previous months.  Now, it’s back on the upward trend.

The inventory of available townhouses and condos decreased by 13 units from last month to 642 units, which is 8.1% greater than April 2015. The current supply of inventory dropped by a tenth of one percent to  6.5 months, which is 14.0% greater than last year.  The St Lucie County townhouses and condos market remains in basically a balanced market and leaning towards going into a buyers market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

April 2016 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
April 2016 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.

April 2016 Monthly Market Detail St Lucie County Townhouses and Condos

April 2016 Monthly Market Detail Martin County Townhouses and Condos

05.27.16 by

April 2016 Monthly Market Detail Martin County Townhouses and Condos

April 2016 Monthly Market Detail Martin County Townhouses and Condos  had a small increase in closed sales, though future pending sales are lower.  Closed sales were up by 3.9% (was down by 11.2% in March) and new sales under contract (new pending sales) were down by 8.4% from April 2014 (decreased by 5.9% in March).

The median sales price was up by 19.1% (was up by 26.6% in March) while the average sales price increased by 28.9% (was up by 40.3% in March) as compared to April of 2015.  These are very impressive price gains and I just don’t know how long this can continue before it prices more buyers out of the Martin County real estate market

The inventory of available townhouses and condos increased by 12 units to 410 properties as compared to last month.  The first increase in two months. This is 2.4% below the April 2015 inventory.  Currently, there’s a 4.2 month supply of inventory (a 5.0% decrease from last year).  Still in a strong sellers market for townhouses and condos for Martin County.

April 2016 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
April 2016 Monthly Market Detail Martin 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.

April 2016 Monthly Market Detail Martin County Townhouses and Condos

April 2016 Monthly Market Detail Florida Townhouses and Condos

05.25.16 by

April 2016 Monthly Market Detail Florida Townhouses and Condos

The April 2016 Monthly Market Detail Florida Townhouses and Condos is beginning to show some slower activity tahn in past years drifting out of a sellers market and currently in a balanced one.  Closed sales were down by 5.3% as compared to last months decrease of 7.1% and new sales under contract (new pending sales) decreased by 5.7% (In March there was a 10.1% decrease).  While on the single family side of the Florida real estate market this decrease in volume can be attributed to inventory, for condos and townhouses it appears to be strictly price related as the inventory has been gaining in the past few months.

Inexplicably, prices continue to rise, though at a slower pace than for the past few years.  The median sales price was up by 4.4% (up by 3.3% in March), while the average sales price increased by 2.9% (was down 3.9% in March).  Should the inventory continue to rise with slow sales, I expect these price increase to shrink in the near future.

The inventory increased by 7.5% from April of last year.  For April 2016 we have 6.3 months of inventory (was also 6.3 months in March) and compared to 5.9 for April 2015.  We are currently in a balanced market for Florida townhouse and condo sales.

April 2016 Monthly Market Detail Florida Townhouses and Condos

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
April 2016 Monthly Market Detail Florida 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.

April 2016 Monthly Market Detail Florida Townhouses and Condos