Search Results for: florida townhouses and condos market report

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

March 2016 Monthly Market Detail St Lucie County Townhouses and Condos

04.30.16 by

March 2016 Monthly Market Detail St Lucie County Townhouses and Condos

The March 2016 Monthly Market Detail St Lucie County Townhouses and Condos shows reduced activity from March of last year.  Closed sales were down 23.1% from last year (was down 22.3% in February) while new sales under contract (new pending sales) decreased by 7.5% (was down by 24.1% in February).

The median sales price increased by 9.2% (was down by 10.4% in February) while the average sales price was down by 2.8% (decreased 7.2% in February).  This is the first month in 2016 with some increase in prices for this segment of the St Lucie County real estate market.

The inventory of available townhouses and condos decreased by 12 units from last month to 655 units, which is 3.1% greater than March 2015. The current supply of inventory remained unchanged from last month at  6.6 months, which is 6.5% 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.

March 2016 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
March 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.

March 2016 Monthly Market Detail St Lucie County Townhouses and Condos

March 2016 Monthly Market Detail Martin County Townhouses and Condos

04.28.16 by

March 2016 Monthly Market Detail Martin County Townhouses and Condos

March 2016 Monthly Market Detail Martin County Townhouses and Condos  showed reduced sales volume primarily because of lower inventory and a continued rise in values.  Closed sales were down by 11.2% (was down by 2.0% in February) and new sales under contract (new pending sales) were down by 5.9% from March 2014 (decreased by 7.5% in February).  Though this is still a very active real estate market.

The median sales price was up by 26.6% (was up by 2.1% in February) while the average sales price increased by 40.3% (was up by 13.3% in February) as compared to March of 2015.  Very strong price gains that are impacting some folks ability to afford condos and townhouses in Martin Count.

The inventory of available townhouses and condos dropped by 13 units to 398 properties as compared to last month.  The second monthlyt drop after three straight months of increased inventory. This is 7.0% below the March 2015 inventory.  Currently, there’s a 4 month supply of inventory (a 2.4% decrease from last year).  Still in a strong sellers market for townhouses and condos for Martin County.

March 2016 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
March 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.

March 2016 Monthly Market Detail Martin County Townhouses and Condos

March 2016 Monthly Market Detail Florida Townhouses and Condos

04.26.16 by

March 2016 Monthly Market Detail Florida Townhouses and Condos

The March 2016 Monthly Market Detail Florida Townhouses and Condos is now in a balanced market and not the super heated activity as we have experienced for the past two years.  Closed sales were down by 7.1% as compared to last months decrease of 5.4% and new sales under contract (new pending sales) decreased by 10.1% (In February there was a 10.5% 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.

The median sales price continued to rise, by 3.3% (up by 5.6% in February), while the average sales price decreased by 3.9% (was down 1.4% in February).  It appears that prices may not continue to rise very rapidly for this segment of the Florida real estate market.

The inventory increased by 6.7% from March of last year.  For March 2016 we have 6.3 months of inventory (was also 6.3 months in February) and compared to 6.0 for March 2015.  First time in two years that we are seeing an increase in inventory as well as being out of a sellers market.

March 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:
March 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.

March 2016 Monthly Market Detail Florida Townhouses and Condos

Maritimes April 2016 Market Report

04.04.16 by

Maritimes April 2016 Market Report

As of April 2016, there is only one condo on the market in the Maritimes Condos and Townhomes on Hutchinson Island in Stuart FL.  The list price is $619,000 which equals $292.53 per sq. ft. of living area.

There are no Maritimes condos currently under contract.

There have been 5 condos sold in the past 12 months in the Maritimes.  The sales prices ranged from $195,000 to $613,000 for an average sales price of $385,800 which is equal to $203.72 per sq. ft. of living area and these sales averaged 94% of the last listing price.  The average days on market was 168 prior to accepting the offer leading to the sale.

Maritime Condos and Townhomes on Hutchinson Island

Entrance to the Maritimes

 

Maritime Condos and Townhomes on Hutchinson Island

Beach Access at the Maritimes

The Maritimes is one of the prime ocean to river communities on South Hutchinson Island in Stuart, FL.  Offering larger than normal homes on both the river and Oceanside settings.  The riverside (or Maritimes West has a lovely private sand beach with kayak storage for those not wishing to play in the surf or for those days when the it’s a bit windy on the beach side.  The Oceanside (Maritimes East) has private beach access as well as a heated pool when you’re finished frolicking in the crystal clear waters of the Atlantic Ocean.

 

Maritime Condos and Townhomes on Hutchinson Island

Docks of the Maritimes

Maritime Condos and Townhomes on Hutchinson Island

Views from the Maritimes

The Maritimes condos were constructed between 1975 and 1988.  With the oceanfront units being built first.  Living square footage range from just under 1300 sq. ft. 2 Bedroom condos to over 2100 sq. ft .condos and townhouses with 3 Bedrooms plus dens and a garage.

Maritime Condos and Townhomes on Hutchinson Island

Kayak Storage at the Maritimes

Maritime Condos and Townhomes on Hutchinson Island

River views from the Maritimes

Maritime Condos and Townhomes on Hutchinson Island

Tennis Court of the Maritimes


View all of our Listings

Hutchinson Island Real Estate is presented by:
the Gabe Sanders real estate team

Maritimes April 2016 Market Report

February 2016 Monthly Market Detail St Lucie County Townhouses and Condos

04.01.16 by

February 2016 Monthly Market Detail St Lucie County Townhouses and Condos

The February 2016 Monthly Market Detail St Lucie County Townhouses and Condos had a difficult second month of 2016 with reduced sales volume as well as property prices when compared to last year.  Closed sales were down 22.3% from last year (was down 4.9% in January) while new sales under contract (new pending sales) decreased by 24.1% (was down by 33.3% in January).

The median sales price decreased by 10.4% (up by 3.2% in January) while the average sales price was down by 7.2% (increased 10.0% in January). Not good news for sellers of townhouses and condos in St Lucie County.

The inventory of available townhouses and condos increased by 124 units from last month to 667 units, which is 2.5% greater than February 2015. The current supply of inventory increased to 6.6 months as compared to last month’s 5.9 months, which is still 4.8% more than last year.  The St Lucie County townhouses and condos market is now back into a buyers market for at least this month. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

February 2016 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
February 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.

February 2016 Monthly Market Detail St Lucie County Townhouses and Condos

February 2016 Monthly Market Detail Martin County Townhouses and Condos

03.30.16 by

February 2016 Monthly Market Detail Martin County Townhouses and Condos

February 2016 Monthly Market Detail Martin County Townhouses and Condos  continues with slower sales volume as compared to the past two years while continuing to show impressive price gains.  Closed sales were down by 2.0% (was down by 20.2% in January) and new sales under contract (new pending sales) were down by 7.5% from February 2014 (decreased by 33.9% in January).  These sales results are an improvement from last month.

The median sales price was up by 2.1% (was up by 39.1% in January) while the average sales price increased by 13.3% (was up by 36.8% in January) as compared to February of 2015.

The inventory of available townhouses and condos dropped by 57 units to 411 properties as compared to last month.  The first drop after three straight months of increased inventory. This is still 13.8% below the February 2015 inventory.  Currently, there’s a 4.1 month supply of inventory (a 10.9% decrease from last year).  Still in a strong sellers market for townhouses and condos for Martin County.  Signs are strong for another increase spurt in sales activity for this sector.

February 2016 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
February 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.

February 2016 Monthly Market Detail Martin County Townhouses and Condos

February 2016 Monthly Market Detail Florida Townhouses and Condos

03.28.16 by

February 2016 Monthly Market Detail Florida Townhouses and Condos

The February 2016 Monthly Market Detail Florida Townhouses and Condos is now in a balanced market and not the super heated activity as we have experienced for the past two years.  Closed sales were down by 5.4% as compared to last months decrease of 4.8% and new sales under contract (new pending sales) decreased by 10.5% (In January there was a 15.8% decrease).

The median sales price continued to rise, by 5.6% (up by 10.9% in January), while the average sales price decreased by 1.4% (was up 5.3% in January).  Interestingly prices continue to rise despite the weaker volume of sales.

The inventory increased by 6.0% from February of last year.  For February 2016 we have 6.3 months of inventory (was 5.9 months in January) also compared to 6.1 for February 2015.  First time in two years that we are seeing an increase in inventory as well as being out of a sellers market.

February 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:
February 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.

February 2016 Monthly Market Detail Florida Townhouses and Condos

January 2016 Monthly Market Detail St Lucie County Townhouses and Condos

02.28.16 by

January 2016 Monthly Market Detail St Lucie County Townhouses and Condos

The January 2016 Monthly Market Detail St Lucie County Townhouses and Condos continues to show strong activity but not quite as robust as compared to January of last year.  Closed sales were up 4.9% from last year (was down 2.8% in December) while new sales under contract (new pending sales) decreased by 33.3% (was up by 5.6% in December).

The median sales price increased by 3.2% (up by 0.9% in December) while the average sales price was up by 10.0% (decreased 9.9% in December).  Somewhat mixed signals for the first month of 2016 for prices for St Lucie County townhouses and condos.

The inventory of available townhouses and condos increased by 90 units from last month to 543 units, which is 8.8% less than January 2015. The current supply of inventory increased to 5.9 months as compared to last month’s 5.1 months, which is still 21.2% lower than last year.  The St Lucie County townhouses and condos market continues as a sellers’ market but just barely. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

January 2016 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
January 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.

January 2016 Monthly Market Detail St Lucie County Townhouses and Condos

January 2016 Monthly Market Detail Martin County Townhouses and Condos

02.26.16 by

January 2016 Monthly Market Detail Martin County Townhouses and Condos

January 2016 Monthly Market Detail Martin County Townhouses and Condos  began 2016 with dissapointing closed volumes while also showing some very heft price increases.  Closed sales were down by 20.2% (was up by 1.8% in December) and new sales under contract (new pending sales) were down by 33.9% from January 2014 (decreased by 23.9% in December).  These decreases in closed and pending sales are a bit troubling for future months.

Even though the sales volume is off, prices continue to rise and very strong rates.  The median sales price was up by 39.1% (was up by 27.1% in December) while the average sales price increased by 36.8% (was up by 9.2% in December) as compared to January of 2015.

The inventory of available townhouses and condos jumped up by 57 units to 468 properties as compared to last month.  The third straight month of increased inventory, though this is still 14.4% below the January 2015 inventory.  Currently, there’s a 4.4 month supply of inventory (a 6.4% decrease from last year).  Still in a strong sellers market for townhouses and condos for Martin County.  It will be interesting to see what happens as the inventory increases if sales continue their slower pace.

January 2016 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
January 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.

January 2016 Monthly Market Detail Martin County Townhouses and Condos

January 2016 Monthly Market Detail Florida Townhouses and Condos

02.24.16 by

January 2016 Monthly Market Detail Florida Townhouses and Condos

The January 2016 Monthly Market Detail Florida Townhouses and Condos is continuing the trend of reduced closed activity to begin 2016. Closed sales were down by 4.8% as compared to last months decrease of 1.2% and new sales under contract (new pending sales) decreased by 15.8% (In December there was a 5.2% decrease).

The median sales price was up again by 10.9% (up by 5% in December), while the average sales price increased by 5.3% (was down 2% in December).  Interestingly prices continue to rise despite the weaker volume of sales.

The inventory increased by 1.5% from January of last year.  For January 2016 we have 5.9 months of inventory (was 5.4 months in December) also compared to 6.2 for January 2015.  Just about into a balanced market, as a 6 months inventory supply is considered a balanced market.

January 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:
January 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.

January 2016 Monthly Market Detail Florida Townhouses and Condos

December 2015 Monthly Market Detail St Lucie County Townhouses and Condos

02.02.16 by

December 2015 Monthly Market Detail St Lucie County Townhouses and Condos

The December 2015 Monthly Market Detail St Lucie County Townhouses and Condos eased a bit from a quite strong November.  Closed sales were down 2.8% from last year (was up 26.1% in November) while new sales under contract (new pending sales) increased by 5.6% (was up by 39.0% in November).

The median sales price increased by 0.9% (up by 12.4% in November) while the average sales price was down by 9.9% (increased 3.2% in November).  Somewhat mixed signals for the final month of 2015 for prices for St Lucie County townhouses and condos.

The inventory of available townhouses and condos decreased by 19 units from last month to 543 units, which is 20.5% less than December 2014. The current supply of inventory decreased to 5.1 months as compared to last month’s 5.3 months, which is 21.2% lower than last year.  The St Lucie County townhouses and condos market continues as a sellers’ market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

December 2015 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
December 2015 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.

December 2015 Monthly Market Detail St Lucie County Townhouses and Condos

December 2015 Monthly Market Detail St Lucie County Single Family Homes

01.31.16 by

December 2015 Monthly Market Detail St Lucie County Single Family Homes

December 2015 Monthly Market Detail St Lucie County Single Family Homes showed some improvement from last months slow sales volume.  Closed sales were up by 0.2% (in November they were down by 13.3%) and new sales under contract (new pending sales) decreased by 17.9% (they were down by 21.0% last month).

While the median and average sales prices continue their relentless march higher with increases of 19.2% and 16.4% respectively from last December (For November these numbers were 10.8% and 17.2%). Very strong price increases continue as the demand for quality condos and townhouses remain high.

Active listings increased in December (from last month) by 4 homes to 1,754, now approaching similar levels from last year with this month 0.3% higher than last year..  The current supply of inventory is 3.8 months (a 3.7% increase from last year). The St Lucie County single family home market remains in a strong sellers market, though not quite as strong as last year.

December 2015 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
December 2015 Monthly Market Detail St Lucie County Single Family Homes

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.

December 2015 Monthly Market Detail St Lucie County Single Family Homes

December 2015 Monthly Market Detail Martin County Townhouses and Condos

01.30.16 by

December 2015 Monthly Market Detail Martin County Townhouses and Condos

December 2015 Monthly Market Detail Martin County Townhouses and Condos  showed a somewhat slight improvement after two slower months of sales activity.  Closed sales were up by 1.8% (was down by 18.7% in November) and new sales under contract (new pending sales) were down by 23.9% from December 2014 (decreased by 5.7% in November).  The decrease in pending sales is a bit troubling for future months.

Even though the sales volume is off, prices continue to rise and very strong rates.  The median sales price was up by 27.1% (was up by 18.4% in November) while the average sales price increased by 9.2% (was up by 38.2% in November) as compared to December of 2014.

The inventory of available townhouses and condos has increased by 13 units to 411 properties from last month.  The second month of increased inventory, though this is still 19.3% below the December 2014 inventory.  Currently, there’s a 3.8 month supply of inventory (a 19.3% decrease from last year).  Still in a strong sellers market for townhouses and condos for Martin County.  The reduced inventory along with the strong demand continues to impact prices in Martin County.

December 2015 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
December 2015 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.

December 2015 Monthly Market Detail Martin County Townhouses and Condos