Search Results for: Martin County townhouses and condos market report

Martin County Townhouse and Condo Sales 2013 Yearly Review

03.08.14 by

Martin County Townhouse and Condo Sales 2013 Yearly Review

For the Martin County Townhouse and Condo Sales 2013 Yearly Review showed a continued strengthening of this segment of the Martin County real estate market.   Year to year closed sales were up by 14.5% as compared to 2012 which saw an increase of 5.2% and new sales under contract (new pending sales) increased by 29.2% (2012 saw a n increase of 15%).

Martin County Townhouse and Condo Sales 2013 Yearly Review

 

Both median and average sales prices were up (year to year) by 14.9% and 12.3% respectively (2012 numbers were 3.9% and 5.4%).  Very significant gains, especially when compared to recent years.

Inventory decreased by 17.5% as compared to 2012’s decrease of 17%. While the supply of inventory dropped to 6.3 months as compared to 8.7 months for 2012.  A balanced market for Martin County townhouses and condos.  I’m a bit concerned over the continued decrease in available inventory as this will lead to reduced numbers in the future.  Though, as prices continue to gain, I expect inventories to rise as well.

 To view the full report click on the graphic above or the link below:
Martin County Townhouse and Condo Sales 2013 Yearly Review

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 Townhouse and Condo Sales 2013 Yearly Review

Florida Townhouse and Condo Sales 2013 Yearly Review

03.04.14 by

Florida Townhouse and Condo Sales 2013 Yearly Review

For the Florida Townhouse and Condo Sales 2013 Yearly Review for the state of Florida shows continued growth and strengthening of this segment of the real estate market.   Year to year closed sales were up by 5.1% as compared to 2012 which saw an increase of 2.1% and new sales under contract (new pending sales) increased by 9.7% (2012 saw a n increase of 6.4%).

Florida Townhouses and Condos 2013

 

Both median and average sales prices were up (year to year) by 20.1% and 13.1% respectively (2012 numbers were 18.5% and 14.3%).  Very significant gains.

Inventory increased by 1.6% as compared to 2012’s decrease of 25%. While the supply of inventory dropped to 5.8 months as compared to 6 months for 2012.  Close to a balanced market for Florida townhouses and condos.

 Click here to view or download the full report:  Florida Townhouse and Condo Sales 2013 Yearly Review

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 Townhouse and Condo Sales 2013 Yearly Review

January 2014 Monthly Market Detail St Lucie County Townhouses and Condos

03.01.14 by

January 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The January 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors had a very positive start to 2014 after a number of disappointing last four months of 2013 for the townhouse and condo segment of the Saint Lucie County real estate market.  Year to year closed sales were up by 12.3% (was down by 19.4% in December) while new sales under contract (new pending sales) decreased by 9.1% (was  down by 29.1% in December).

Values continue to rise as the median sales price up by 4.3% (up 37.1% in December) and the average sales price rose by 45.2% (was up by 38.8% in December).

January 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The inventory of available townhouses and condos increased from last month to 911 units which is still down by 6.5% from last January.  Current supply of inventory remained unchanged from last month to 9.4 months (still an 8.8% decrease from last year).   Back into a buyer’s market.  Unfortunately the low inventory along with the rapid increase in values is hurting the volume of condo and townhouse sales in St. Lucie County.  Once inventory starts to rise, I expect the volume to pick up as well.

 Click here to view or download the full report: 
January 2014 Monthly Market Detail St Lucie County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

January 2014 Monthly Market Detail St Lucie County Townhouses and Condos

January 2014 Monthly Market Detail Martin County Townhouses and Condos

02.27.14 by

January 2014 Monthly Market Detail Martin County Townhouses and Condos 

January 2014 Monthly Market Detail Martin County Townhouses and Condos report began the year with continued signs of a slowing momentum, but still mostly positive overall results from previous years.   Even though price rises have moderated a bit this month, I’m expecting to see more increases in value until the inventory begins to increase.  Year to year closed sales were up by 4.3% (down by 9% in December) while new sales under contract (new pending sales) decreased by 20.9% (was up 8.1% in December).

January 2014 Monthly Market Detail Martin County Townhouses and Condos

The median sales price increased by 15.2 % (was up a whopping 45% in December) while the average sales price increased by 3.7% (was up 10.4% in December) as compared to January of 2013.

 The inventory of available townhouses and condos has increased by 15 to 638 units from last month, but this is still down from January of 2013 by 19.6%.  Current supply of inventory is 6.4 months (a 29.9% decrease from last year).  The Martin County townhouse and condo market is fairing much better than many other areas of the state.

 Click here to view or download the full report:  January 2014 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 2014 Monthly Market Detail Martin County Townhouses and Condos

January 2014 Monthly Market Detail Florida Townhouses and Condos

02.25.14 by

January 2014 Monthly Market Detail Florida Townhouses and Condos

For the January 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida a mostly positive result to begin the year as compared to the start of 2013.   Though more positive results than they were for last month.   Year to year closed sales were up by 9.3% as compared to last months decrease of 2.5% and new sales under contract (new pending sales) decreased by 6% (December’s decrease was 8.7%).

January 2014 Monthly Market Detail Florida Townhouses and Condos 

Both median and average sales prices were up (year to year) by 17% and 21% respectively.  Very significant gains.

Inventory rose for the third month in a row, by 3.5%.  If the inventory keeps rising, I expect to see some increases in the sales volume and a leveling off or a moderation to the pretty dramatic price increases we’ve experienced last year.

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 2014 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 2014 Monthly Market Detail Florida Townhouses and Condos

December 2013 Monthly Market Detail St Lucie County Townhouses and Condos

01.31.14 by

December 2013 Monthly Market Detail St Lucie County Townhouses and Condos

Unfortunately the December 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed another month of decreasing sales volume as compared to last year.  This is now four months in a row.  This is one of the most under performing sectors in the Treasure Coast and Florida in general for volume.   Year to year closed sales were down by 19.4% (was down by 17.5% in November) while new sales under contract (new pending sales) decreased by 29.1% (was  down by 5.4% in November

Though values were considerably higher this year with the median sales price up by 37.1% (up 40% in November) and the average sales price rose by 38.8% (was up by 31.4% in November).

December 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The inventory of available townhouses and condos decreased from last month to 841 units which is a decrease of 11.1% from last December.  Current supply of inventory remained unchanged from last month to 8.8 months (still an 8.3% decrease from last year).   Unfortunately the low inventory along with the rapid increase in values is hurting the volume of condo and townhouse sales in St. Lucie County.  Once inventory starts to rise, I expect the volume to pick up as well.

 Click here to view or download the full report:
December 2013 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 2013 Monthly Market Detail St Lucie County Townhouses and Condos

December 2013 Monthly Market Detail Martin County Townhouses and Condos

01.29.14 by

December 2013 Monthly Market Detail Martin County Townhouses and Condos

December 2013 Monthly Market Detail Martin County Townhouses and Condos report ended the year with some signs of a slowing momentum, but still very good overall results from previous years.   I’m seeing some quite impressive price gains for the year along with a continued shrinking inventory making sustained activity difficult for this segment of the market.  Year to year closed sales were down by 9% (down by 6.4% in November) while new sales under contract (new pending sales) increased by 8.1% (was down 1% in November).

The median sales price increased by an impressive 45% (was down by 0.2% in November) while the average sales price increased by 10.4% (was down 26.7% in November) as compared to December of 2012.December 2013 Monthly Market Detail Martin County Townhouses and Condos

 

 The inventory of available townhouses and condos has decreased by 1 unit to 623 units from last month, down from December 2012 inventory by 17.5%.  Current supply of inventory is 6.3 months (a 27.9% decrease from last year).  Finishing 2013 in a balanced market.

 

 Click here to view or download the full report:
December 2013 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 2013 Monthly Market Detail Martin County Townhouses and Condos

December 2013 Monthly Market Detail Florida Townhouses and Condos

01.27.14 by

December 2013 Monthly Market Detail Florida Townhouses and Condos

For the December 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida a second relatively weak month as compared to the end of 2012.  Though a bit improved from last month’s numbers.  Year to year closed sales were down by 2.5% as compared to last months decrease of 7.1% and new sales under contract (new pending sales) decreased by 8.7% (November’s decrease was 10.2%).December 2013 Monthly Market Detail Florida Townhouses and Condos

 

Both median and average sales prices were up (year to year) by 17% and 4.1% respectively.

Inventory rose for the second month in a row, though only marginally by 1.6%.  If the inventory keeps rising, I expect to see some increases in the sales volume and a leveling off or a moderation to the price increases we’ve experienced this past year.

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:
December 2013 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.

December 2013 Monthly Market Detail Florida Townhouses and Condos

November 2013 Monthly Market Detail St Lucie County Townhouses and Condos

12.30.13 by

November 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The November 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed  the third month in a row of decreases in sales volume from last years numbers.   Year to year closed sales were down by 17.5% (was down by 12.7% in October) while new sales under contract (new pending sales) decreased by 5.4% (was  down by 13.6% in October

Prices continued to rise however, year to year, with the median sales price up by 40% (up 14.3% in October) and the average sales price rose by 31.4% (was up by 26% in October).

November 2013 Saint Lucie County Condo and TownhouseThe inventory of available townhouses and condos increased from last month to 852 units which is a decrease of 7.8% from last November.  Current supply of inventory rose slightly from last month to 8.8 months (still a 7.8% decrease from last year).   This segment of the market continues to be a buyers market and  unless there’s a moderation in the price increases, I see no change in the easing of the volume of closed and pending sales.

 Click here to view or download the full report:
November 2013 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.

November 2013 Monthly Market Detail St Lucie County Townhouses and Condos

November 2013 Monthly Market Detail Martin County Townhouses and Condos

12.28.13 by

November 2013 Monthly Market Detail Martin County Townhouses and Condos

The November 2013 Monthly Market Detail Martin County Townhouses and Condos continues to showed some weakness of the year to year results.  This is the second month of mixed to poor results and mirrors some of the other counties as well as the state of Florida as a whole.  We are now well into our slower season, however we are comparing to last years results for the same period.   Year to year closed sales were down by 6.4% ( up by 1.1% in October) while new sales under contract (new pending sales) decreased by 1% (was down 36.2% in October).

The median sales price decreased by 0.2% (was up by 1.3% in October) while the average sales price dropped by 26.7% (was up 10.7% in October) as compared to November of 2012.November 2013 Martin County Condo and Townhouse

 The inventory of available townhouses and condos has increased to 624 units from last month, still under November 2012 inventory by 15.8%.  Current supply of inventory is 6.2 months (a 27.5% decrease from last year).  After several months of a seller’s market we are transitioning into a balanced market once again.  A balanced market is a healthy sign if it continues through the year.

 

 Click here to view or download the full report:
November 2013 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.

November 2013 Monthly Market Detail Martin County Townhouses and Condos

November 2013 Monthly Market Detail Florida Townhouses and Condos

12.26.13 by

November 2013 Monthly Market Detail Florida Townhouses and Condos

The November 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida showed a weakening of both closed and pending sales as compared to last year.  Year to year closed sales were down by 7.1% as compared to last months increase of 3.1% and new sales under contract (new pending sales) decreased by 10.2% (October’s decrease was 3.6%).

November 2013 Florida Condo and Townhouse

Both median and average sales prices were up (year to year) by 17.2% and 12.3% respectively.

For the first time in a while the inventory crept up slightly by 1.3%.  The reduced inventory is what is making prices rise as well as keeping sales volume down.  I expect both inventory and sales volume to increase in the coming year if the economic news continues to be positive.

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:
November 2013 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.

November 2013 Monthly Market Detail Florida Townhouses and Condos

October 2013 Monthly Market Detail St Lucie County Townhouses and Condos

12.04.13 by

October 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The October 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed  a second month drop from last years numbers.   Year to year closed sales were down by 12.7% (was down by 28.6% in September) while new sales under contract (new pending sales) decreased by 13.6% (was  down by 18% in September

Prices continued to rise however, year to year, with the median sales price up by 14.3% (up 12.6% in September) and the average sales price rose by 26% (was up by 14.6% in September).October 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The inventory of available townhouses and condos increased from last month to 835 units which is a decrease of 8% from last October.  Current supply of inventory is now 8.5 months (a 9.7% decrease from last year).   This segment of the market continues to be a buyers market and I anticipate some moderation in price increases in the coming months unless the sale volume picks up.

Please see the entire Saint Lucie County townhouse and condo market detail by clicking the links below:

 

Click here to view or download the full report:
October 2013 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.

October 2013 Monthly Market Detail St Lucie County Townhouses and Condos

October 2013 Monthly Market Detail Martin County Townhouses and Condos

12.02.13 by

October 2013 Monthly Market Detail Martin County Townhouses and Condos

The October 2013 Monthly Market Detail Martin County Townhouses and Condos continues to showed some weakness of the year to year results.  After some surprisingly strong results from last month.  We are now well into our slower season, however we are comparing to last years results for the same period.   Year to year closed sales were up by 1.1% ( up by 36.2% in September) while new sales under contract (new pending sales) decreased by 36.2% (was down 8% in September).October 2013 Monthly Market Detail Martin County Townhouses and Condos

The median sales price increased by 1.3% (was up by 49.5% in September) while the average sales price rose by 10.7% (was up 30.6% in September) as compared to October of 2012.

The inventory of available townhouses and condos has increased slightly to 596 units from last month, while still a decrease of  21.1% from last October.  Current supply of inventory is only 5.9 months (a 33.9% decrease from last year).  For the Martin County townhouse and condo market we have transitioned into numerous months of a seller’s market.  This is exerting significant pressure into rising values for this segment of the real estate market.

 

 Click here to view or download the full report:
October 2013 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.

October 2013 Monthly Market Detail Martin County Townhouses and Condos

October 2013 Monthly Market Detail Florida Townhouses and Condos

11.30.13 by

October 2013 Monthly Market Detail Florida Townhouses and Condos

The October 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida continues to show gains though not as robust as they were earlier in the year.  Year to year closed sales were up by 3.1% as compared to last months increase of 11.4% and new sales under contract (new pending sales) decreased by 3.6% (September’s increase was 4.6%).October 2013 Monthly Market Detail Florida Townhouses and Condos

Both median and average sales prices were up (year to year) by 22.1% and 12% respectively.

One item of concern is the active inventory which has decreased again (though slightly), for October by .09%.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

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:
October 2013 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.

October 2013 Monthly Market Detail Florida Townhouses and Condos

September 2013 Monthly Market Detail St Lucie County Townhouses and Condos

11.05.13 by

September 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The September 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed  an unexpected drop from last years numbers.   Year to year closed sales were down by 28.6% (was down by4% in August) while new sales under contract (new pending sales) decreased by 18% (was  up by 4.9% in August

Prices continued to rise however, year to year, with the median sales price up by 12.6% (up 69.4% in August) and the average sales price rose by 14.6% (was up by 38.2% in August).

The inventory of available townhouses and condos decreased from last month to 785 units which is a decrease of 18.1% from last September.  Current supply of inventory is now 7.9 months (a 22.9% decrease from last year).   This is the only segment of the Treasure Coast real estate market to show a decrease of closed sales (year to year).  The townhouse and condo markets are much more seasonally affected as more buyers in this segment tend to be ‘snowbirds’ and we may continue with weak results for the next few months.September 2013 Market Detail for Saint Lucie County Townhouses and Condos

Please see the entire Saint Lucie County townhouse and condo market detail by clicking the links below:

 

Click here to view or download the full report:
September 2013 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 2013 Monthly Market Detail St Lucie County Townhouses and Condos

September 2013 Monthly Market Detail Martin County Townhouses and Condos

11.03.13 by

September 2013 Monthly Market Detail Martin County Townhouses and Condos

The September 2013 Monthly Market Detail Martin County Townhouses and Condos continues to show positive year to year results.  Though the gains for September were surprisingly strong as compared to August of 2013, though we are entering into our slower season.   Year to year closed sales were up by 36.2% ( up by 1.3% in August) while new sales under contract (new pending sales) decreased by 8% (was up 4.9% in August).

The median sales price increased by 49.5% (was up by 16.3% in August) while the average sales price rose by 30.6% (was up 13.4% in August) as compared to September of 2012.September 2013 Market Detail for Martin County Townhouses and Condos

The inventory of available townhouses and condos has increased slightly to 560 units from last month, while still a decrease of 29.8% from last September.  Current supply of inventory is only 5.6 months (a 41.9% decrease from last year).  For the Martin County townhouse and condo market we have transitioned into numerous months of a seller’s market.  This is exerting significant pressure into rising values for this segment of the real estate market.

 

 Click here to view or download the full report:
September 2013 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 2013 Monthly Market Detail Martin County Townhouses and Condos

September 2013 Monthly Market Detail Florida Townhouses and Condos

11.01.13 by

September 2013 Monthly Market Detail Florida Townhouses and Condos

The September 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida continues to show gains though not as robust as they were in the spring of this year.  Year to year closed sales were up by 11.4% as compared to last months increase of 6.3% and new sales under contract (new pending sales) increased by 4.6% (August’s increase was 11.6%).

Both median and average sales prices were up (year to year) by a healthy 23.5% and 16.9% respectively. Florida Condo and Townhouse

One item of concern is the active inventory which has decreased again, for September by 7.9%.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

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 2013 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 2013 Monthly Market Detail Florida Townhouses and Condos

August 2013 Monthly Market Detail St Lucie County Townhouses and Condos

10.07.13 by

August 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The August 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed  some mixed results for this month.   Year to year closed sales were down by 4% (was up by 8.9% in July) while new sales under contract (new pending sales) increased by 4.9% (was 29.9% in July

Prices continued to rise, year to year, with the median sales price up by an impressive 69.4% (up 62.6% in July) and the average sales price rose by 38.2% (was up by 20% in July).

The inventory of available townhouses and condos rose by 3 from last month to 804 units which is a decrease of 19.8% from last August.  Current supply of inventory is now 7.9 months (a 28.9% decrease from last year).   While not as strong a sector as the single family market, there have been some very impressive price gains in the townhouse and condo market for Saint Lucie County.  This is still a buyers market for now, so there are plenty of good opportunities for those shopping for a townhome or condo.

Please see the entire Saint Lucie County townhome and condo market detail by clicking the links below:Saint Lucie County Townhome and Condo

 

 

 

Click here to view or download the full report:
August 2013 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 2013 Monthly Market Detail St Lucie County Townhouses and Condos

August 2013 Monthly Market Detail Martin County Townhouses and Condos

10.03.13 by

August 2013 Monthly Market Detail Martin County Townhouses and Condos

The August 2013 Monthly Market Detail Martin County Townhouses and Condos continues to show positive year to year results.  Though the gains for August are not quite as dynamic as they have been in the earlier months of 2013.   Year to year closed sales were up by 1.3% ( down by 20.8% in July) while new sales under contract (new pending sales) increased by 4.9% (was 65.6% in July).

The median sales price increased by 16.3% (was up by 20.7% in July) while the average sales price rose by 13.4% (was up 10.2% in July) as compared to August of 2012.

The inventory of available townhouses and condos have decreased to 534 units which is a decrease of 34.1% from last August.  Current supply of inventory is only 5.4 months (a 43.5% decrease from last year).  For the Martin County townhouse and condo market we are now in a seller’s market.  This will put significant pressure into possible rising values as long as a seller’s market persists.Martin County Townhome Condo

 

 

 

Click here to view or download the full report:
August 2013 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 2013 Monthly Market Detail Martin County Townhouses and Condos

August 2013 Monthly Market Detail Florida Townhouses and Condos

09.29.13 by

August 2013 Monthly Market Detail Florida Townhouses and Condos

The August 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida continues to show gains though not as robust as they were in the spring of this year.  Year to year closed sales were up by 6.3% as compared to last months increase of 16.8% and new sales under contract (new pending sales) increased by 11.6% (July’s increase was 20.7%).

Both median and average sales prices were up (year to year) by a healthy 25.2% and 18.6% respectively. 

One item of concern is the active inventory which has decreased again, for August by 13.8%.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.Florida Townhome Condo

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 2013 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 2013 Monthly Market Detail Florida Townhouses and Condos