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January 2015 Monthly Market Detail Martin County Single Family Homes

02.27.15 by

January 2015 Monthly Market Detail Martin County Single Family Homes

The January 2015 Monthly Market Detail Martin County Single Family Homes began the year with some very strong activity, bucking the trend for much of the rest of the State.  Year to year closed sales was up by 18.8% (was down 8.6% in December). New pending sales increased by 44.3% as compared to January of 2014 (increased by 13.7% in December).

The median sales price was down by 2.1% from last year (down by 5.9% in December) while the average price increased by an impressive 31% (was up by 29% last month).  Two months in a row of impressive average price increases while median prices decreased.  An indication of some higher priced sales.

The inventory of available single family homes increased from December 2014 by 28 homes to 1,1313 units this month, and is a 3.7% increase from last January.  Current supply of inventory remained at 6.2 months. (a 6.8% decrease from last year). Martin County single family home sales remain in a balanced market favoring neither the buyer nor seller.  Activity was very robust for a January, when typically sales are slightly off.

Martin County Single Family Homes

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January 2015 Monthly Market Detail Martin 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.

January 2015 Monthly Market Detail Martin County Single Family Homes

January 2015 Monthly Market Detail Florida Townhouses and Condos

02.25.15 by

January 2015 Monthly Market Detail Florida Townhouses and Condos

The January 2015 Monthly Market Detail Florida Townhouses and Condos for the state of Florida indicates a pretty weak month for the start of 2015.  Closed sales were down by 11.3% as compared to last months increase of 11.3% and new sales under contract (new pending sales) decreased by 0.8% (December’s decrease was 1.4%).

Both median and average sales prices, however, continue to rise.  Increases of (year to year) 5.4% and 3.2% respectively (in December they were up by 8.4% and 8.8%).  Considerably slower rates of increase than for most of the past months.

The inventory increased by 3.5% for January.  This was the first increase after two months of flat inventory numbers. For January 2015 we have a 6.2 months supply of inventory (was 5.9 months in December) which is up from 5.5% from last year.  A 6 months inventory supply is considered a balanced market.  The townhouse and condo market for Florida is not performing nearly as well as the single family real estate market.

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 2015 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 2015 Monthly Market Detail Florida Townhouses and Condos

January 2015 Monthly Market Detail Florida Single Family Homes

02.24.15 by

January 2015 Monthly Market Detail Florida Single Family Homes

The January 2015 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors indicates continued growth of market activity for the single family real estate market when compared to last January. Closed sales were up by 10% (was up by 15.8% in December) and new sales under contract (new pending sales) increased by 10.5% (was up by 6.4% in December).

Both median and average sales prices continue to rise ( January 2014 to January 2015) by 7.9% and 7.4% respectively, compared to December’s 6.9% and 5.9%.  Once again it seems that prices are poised for some healthy gains as interest rates remain very low making home loans more affordable.

The inventory of available homes for sale rose by 4.4% from last year. This is now a full 16 months of increased inventory.  The rate of inventory increases has declined significantly from previous months and this is an important statistic to watch for the future. For this month there was only a 5.3 months supply of inventory, this is a sellers market with the advantage for sellers. (January of 2014 had a 5.5 month supply)

Florida Single Family Homes

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January 2015 Monthly Market Detail Florida 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.

January 2015 Monthly Market Detail Florida Single Family Homes

Stuart FL 34997 Residential Market Report January 2015

02.14.15 by

Stuart FL 34997 Residential Market Report January 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for January 2015

 

There are currently 348 active listings (Increased by 11 homes from December).

Stuart FL 34997 Residential Market Report January 2015

198 Residential sales are pending and awaiting close or lender approval (Increased by 21 homes from December).

Stuart FL 34997 Residential Market Report January 2015

76 Homes Sold in January (Decreased by 3 homes from December)

Stuart FL 34997 Residential Market Report January 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market.  Our inventory is lower than last year, though it did increase some from December.  Pending sales had a nice increase and only a small decrease in closed sales from last month.
     The current one month absorption rate dropped to 4.6  months (was 4.3 months for December).  Still a strong sellers market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2013 numbers for January, were: 424 active listings, 149 pending listings and 51 closed sales.  Considerably better activity for the beginning of 2015 as compared to last year.
Stuart FL 34997 Residential Market Report January 2015

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Stuart FL 34997 Residential Market Report January 2015

 

Sewalls Point Single Family Market Report January 2015

02.09.15 by

Sewalls Point Single Family Market Report January 2015

Sewalls Point Real Estate Snapshot, Residential Sales for January 2015

 

There are currently 58 active listings (No change since last month)

Sewalls Point Single Family Market Report January 2015

10 home sales are pending and awaiting close or lender approval (Up by two homes from December)

Sewalls Point Single Family Market Report January 2015

3 Homes sold in January (Decreased by 2 home from December)

Sewalls Point Single Family Market Report January 2015

The Sewalls Point single family homes market activity continues to have some difficulties. The inventory remains at a good level and pending sales were up a bit for January, but only three sales for last month.

The current absorption rate is 19.3 months, in December it was 11.6 months.  Sewalls Point single family home sales remain in a pretty extreme buyers market for January.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to January of 2013, the inventory was 54 homes on the market, 4 pending sales and there were 12 closed sales.  Considerably better activity for the start of 2014 as compared to this year.

Sewalls Point Single Family Market Report January 2015

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Sewalls Point Single Family Market Report January 2015

 

December 2014 Monthly Market Detail St Lucie County Single Family Homes

01.30.15 by

December 2014 Monthly Market Detail St Lucie County Single Family Homes

December 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues to produce year to year improvements. Though, for December the volume of sales increases has declined a little, while prices continue to rise quite strongly.  Closed sales from last year were up by 6.7% (in November they were up by 12.7%) and new sales under contract (new pending sales) increased by 10.5% (they were down by 19.9% last month).

Both median and average sales prices were up again (year to year) by 16.3% and 14.8% respectively from last December (For last month these figures were 11.9% and 5.2%).  Better increases than last month and more than double the state averages.

The inventory of active listings decreased in December (from last month) by 46 homes to 1,748, which is also lower than last year’s inventory by 20%. The current supply of inventory is only 3.6 months (a 29.5% decrease from last year). A strong sellers market for the Saint Lucie County single family home market. This reduced inventory is exerting strong pressure on keeping price increases high.  When and if more inventory comes on line, I expect price increases to moderate considerably.

December 2014 Monthly Market Detail St Lucie County Single Family Homes

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December 2014 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 2014 Monthly Market Detail St Lucie County Single Family Homes

December 2014 Monthly Market Detail Martin County Single Family Homes

01.28.15 by

December 2014 Monthly Market Detail Martin County Single Family Homes

The December 2014 Monthly Market Detail Martin County Single Family Homes picked up steam in the final month of 2014. Year to year closed sales were down by 8.6% (was up 1.2% in November). New pending sales increased by 13.7% as compared to December of 2013 (increased by 9% in November).

The median sales price was up by 5.9% from last year (down by 1.5% in November) while the average price increased by an impressive 29% (was down by 8.8% last month). We appear to be in somewhat of a roller coaster ride in the past three months as far as prices are concerned.  Though all indications to date show more positive news coming for 2015.

The inventory of available single family homes increased from November 2014 by 25 homes to 1,285 units this month, and is a 4% increase from last December.  Current supply of inventory rose slightly to 6.2 months from last month’s 6.1 (a 6.4% decrease from last year). Martin County single family home sales remain in a balanced market favoring neither the buyer nor seller.

December 2014 Monthly Market Detail Martin County Single Family Homes

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December 2014 Monthly Market Detail Martin 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 2014 Monthly Market Detail Martin County Single Family Homes

December 2014 Monthly Market Detail Florida Single Family Homes

01.25.15 by

December 2014 Monthly Market Detail Florida Single Family Homes

The December 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed continued strengthening market activity for the single family real estate market when compared to last December. Closed sales were up by 15.8% (was up by 10.7% in November) and new sales under contract (new pending sales) increased by 6.4% (was up by 6.1% in November).

Both median and average sales prices continue to rise ( December 2013 to December 2014) by 6.9% and 5.9% respectively, compared to November’s 3.5% and 3.3%.  Once again it seems that prices are poised for some healthy gains as interest rates remain very low making home loans more affordable.

The inventory of available homes for sale rose by 1.2% from last year. This is now a full 15 months of increased inventory.  The rate of inventory increases has declined significantly from previous months and this is an important statistic to watch for the future. For this month there was only a 5.2 months supply of inventory, this is a sellers market with the advantage for sellers. (December of 2013 had a 5.5 month supply)

December 2014 Monthly Market Detail Florida Single Family Homes

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December 2014 Monthly Market Detail Florida 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 2014 Monthly Market Detail Florida Single Family Homes

Sewalls Point Single Family Market Report December 2014

01.10.15 by

Sewalls Point Single Family Market Report December 2014

Sewalls Point Real Estate Snapshot, Residential Sales for December 2014

 

There are currently 58 active listings (Up by 1 home October)

Sewalls Point Single Family Market Report December 2014

8 Residential sales are pending and awaiting close or lender approval (No change from last month)

Sewalls Point Single Family Market Report December 2014

5 Homes sold in December (Decreased by 1 home from October)

Sewalls Point Single Family Market Report December 2014

The Sewalls Point single family homes market activity for December 2014 continues to struggle, though there were three luxury sales in December for the high end market.  While this is an improvement from the summer months, there’s still plenty of room for growth.  Closed sales were down by 1 home while the inventory rose bu 1 also.  Pending sales remained unchanged.

The current absorption rate is 11.6 months, in September it was 9.5 months.  Sewalls Point remains a buyers market for December.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to December of 2013, the inventory was 43 homes on the market, 8 pending sales and there were 5 closed sales.  Identical numbers for closed and pending sales from last year, but this was with a lower number of available homes.

Sewalls Point Single Family Market Report December 2014
 

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Sewalls Point Single Family Market Report December 2014

 

November 2014 Monthly Market Detail St Lucie County Single Family Homes

12.29.14 by

November 2014 Monthly Market Detail St Lucie County Single Family Homes

November 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues to produce strong year to year improvements.  Closed sales from last year were up by 12.7% (in October they were up by 21.4%) and new sales under contract (new pending sales) decreased by 19.9% (they were up by 17.7% last month).

Both median and average sales prices were up again (year to year) by 11.9% and 5.2% respectively from last November (For last month these figures were 12.8% and 8.5%).  A bit slower rate of appreciation than for the past two months, but still very strong gains.

The inventory of active listings decreased in November (from last month) by 36 homes to 1,794, which is now under last year’s inventory by 17.4%.  The current supply of inventory is only 3.4 months (a 26.1% decrease from last year).   A strong sellers market for the Saint Lucie County single family home market.  The reduced inventory will eventually slow down the volume of closed sales while at the same time exerting strong pressure on further price gains.

November 2014 Monthly Market Detail St Lucie County Single Family Homes

 

Click here to view or download the full report:  November 2014 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.

November 2014 Monthly Market Detail St Lucie County Single Family Homes

November 2014 Monthly Market Detail Martin County Single Family Homes

12.27.14 by

November 2014 Monthly Market Detail Martin County Single Family Homes

The November 2014 Monthly Market Detail Martin County Single Family Homes slowed in closed volume.  Year to year closed sales were down by 1.2% (was up 23.3% in October). New pending sales increased by 9% as compared to November of 2013 (increased by 4.6% in October). 

The median sales price was down by 1.5% from last year (up by 2.6% in October) while the average price decreased by 8.8% (was up by 26.8% last month).  We appear to be in somewhat of a roller coaster ride in the past three months as far as prices are concerned.  Difficult to determine any meaningful trends at this time.

The inventory of available single family homes increased from October 2014 by 7 homes to 1,260 units this month, and is a 0.5% increase from last November.  Current supply of inventory remains unchanged at 6.1 months from last month’s 6.1 (a 10.1% decrease from last year).  Martin County single family home sales remain in a balanced market favoring neither the buyer nor seller.

November 2014 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:  November 2014 Monthly Market Detail Martin 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.

November 2014 Monthly Market Detail Martin County Single Family Homes

November 2014 Monthly Market Detail Florida Single Family Homes

12.24.14 by

November 2014 Monthly Market Detail Florida Single Family Homes

The November 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed continued improvement for the single family real estate market as compared to last November (2013).  Closed sales were up by 10.7% (was up by 17.8% in October) and new sales under contract (new pending sales) increased by 6.1% (was up by 4.7% in October).

Both median and average sales prices continue to rise ( November 2013 to November 2014) by 3.5% and 3.3% respectively, compared to October’s 4.6% and 6.1%.   We’ve appeared to slow down in the rate of appreciation in the past few months.  This is a good sign as prices will not be forcing as many buyers out of the market.  Historically a 3 to 4% yearly appreciation is very normal for real estate.

The inventory of available homes for sale rose by 2.3% from last year.  This is now a full 14 months of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  This increase in inventory makes for greater choices and more price competition among sellers. With only a 5.3 months supply of inventory, this is a healthy market with a slight edge to sellers. (November of 2013 had a 5.6 month supply)

November 2014 Monthly Market Detail Florida Single Family Homes

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November 2014 Monthly Market Detail Florida 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.

November 2014 Monthly Market Detail Florida Single Family Homes

Sewalls Point Single Family Market Report November 2014

12.09.14 by

Sewalls Point Single Family Market Report November 2014

Sewalls Point Real Estate Snapshot, Residential Sales for November 2014

 

There are currently 57 active listings (Up by 12 homes October)

Sewalls Point Single Family Market Report November 2014

8 Residential sales are pending and awaiting close or lender approval (No change from last month)

Sewalls Point Single Family Market Report November 2014

6 Homes sold in November (Increased by 4 homes from October)

Sewalls Point Single Family Market Report November 2014

 

The Sewalls Point single family homes market activity for November 2014 finally had a nice little increase in closed sales after a pretty dismal summer.  While this is an improvement, it’s still no very good.  Inventory rose for the month while pending sales remained unchanged.

The current absorption rate is 9.5 months, in September it was 22.5 months.  Sewalls Point remains a buyers market for November.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to November of 2013, the inventory was 46 homes on the market, 7 pending sales and there were 1 closed sales.  Somewhat better results for 2014.  Though there is still plenty of room for improvement.

Sewalls Point Single Family Market Report November 2014
 

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Sewalls Point Single Family Market Report November 2014

 

October 2014 Monthly Market Detail St Lucie County Single Family Homes

11.30.14 by

October 2014 Monthly Market Detail St Lucie County Single Family Homes

October 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues to show a robust single family home market.  Closed sales from last year were up by 21.4% (in September they were up by 31.8%) and new sales under contract (new pending sales) decreased by 17.7% (they were up by 15.6% last month).

Both median and average sales prices were up again (year to year) by 12.8% and 8.5% respectively from last October (For last month these figures were 17.8% and 16.4%).  The early spring and summer had a more moderate rate of appreciation as compared to last year, but it appears to have gained momentum once again for the past three months.

The inventory of active listings decreased in October (from last month) by 30 homes to 1,832, which is now under last year’s inventory by 11.4%.  The current supply of inventory is only 3.8 months (a 20.1% decrease from last year).   A strong sellers market for the Saint Lucie County single family home market.  Inventory will soon become a problem as it has been decreasing for many months in a row.

October 2014 Monthly Market Detail St Lucie County Single Family Homes

 

Click here to view or download the full report:  October 2014 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.

October 2014 Monthly Market Detail St Lucie County Single Family Homes

October 2014 Monthly Market Detail Martin County Single Family Homes

11.28.14 by

October 2014 Monthly Market Detail Martin County Single Family Homes

The October 2014 Monthly Market Detail Martin County Single Family Homes showed a continued strong market with activity significantly outpacing the average for the state of Florida.  Year to year closed sales were up by 23.3% (was up 23.3% in September). New pending sales increased by 4.6% as compared to October of 2013 (increased by 14.1% in September). 

The median sales price was up by 2.6% from last year (up by 4% in September) while the average price increased by 26.8% (was down by .5% last month).  Some considerably better appreciation this month compared to September.

The inventory of available single family homes increased from September 2014 by 24 homes to 1,253 units this month, and is a 2.5% increase from last October.  Current supply of inventory increased to 6.1 months from last month’s  6.0 (a 10% decrease from last year).  Currently, Martin County has a balanced market for single family home sales.

October 2014 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:  October 2014 Monthly Market Detail Martin 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.

October 2014 Monthly Market Detail Martin County Single Family Homes

October 2014 Monthly Market Detail Florida Single Family Homes

11.26.14 by

October 2014 Monthly Market Detail Florida Single Family Homes

The October 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed continued improvement for the single family real estate market.  Year to year closed sales were up by 17.8% (was up by 13.5% in September) and new sales under contract (new pending sales) increased by 4.7% (was up by 10.6% in September).

Both median and average sales prices continue to rise ( October 2013 to October 2014) by 4.6% and 6.1% respectively, compared to September’s 5.9% and 4%.   Slow and steady appreciation is a sign of a stable and growing real estate market.

The inventory of available homes for sale rose by 4.2% from last year.  This is now a full thirteen months of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  This increase in inventory makes for greater choices and more price competition among sellers. With only a 5.4 months supply of inventory, this is a healthy market with a slight edge to sellers. (October of 2013 had a 5.5 month supply)

October 2014 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:
October 2014 Monthly Market Detail Florida 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.

October 2014 Monthly Market Detail Florida Single Family Homes

Sewalls Point Single Family Market Report October 2014

11.13.14 by

Sewalls Point Single Family Market Report October 2014

Sewalls Point Real Estate Snapshot, Residential Sales for October 2014

 

There are currently 45 active listings (Unchanged from September)

Sewalls Point Single Family Market Report October 2014

 

8 Residential sales are pending and awaiting close or lender approval (Up by 1 home from last month)

Sewalls Point Single Family Market Report October 2014

 

2 Homes sold in October (Increased by 2 homes from September)

Sewalls Point Single Family Market Report October 2014

 

The Sewalls Point single family homes market activity for October 2014 had two closed sales after nothing last month.  While this is an improvement, it’s still no very good.  Inventory was steady and pending sales rose by 1 home.

The current absorption rate is 22.5 months, in August it was 5.6 months.  This is an extreme buyers market for October.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to October of 2013, the inventory was 47 homes on the market, 7 pending sales and there were 5 closed sales.  Better closed activity last year, though with similar pending activity, we may see some improvement in the coming months.

Sewalls Point Single Family Market Report October 2014 

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Sewalls Point Single Family Market Report October 2014

 

September 2014 Monthly Market Detail St Lucie County Single Family Homes

10.27.14 by

September 2014 Monthly Market Detail St Lucie County Single Family Homes

September 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues to show a robust single family home market.  Closed sales from last year were up by 31.8% (in August they were up by 7.6%) and new sales under contract (new pending sales) decreased by 15.6% (they were up by 17.7% last month).

Both median and average sales prices were up again (year to year) substantially by 17.8% and 16.4% respectively from last September (For last month these figures were 9.6% and 14.3%).  After some slowing in the rate of appreciation, it appears to have increased for the past two months.

The inventory of active listings decreased in September (from last month) by 23 homes to 1,862, which is now under last year’s inventory by 2.7%.  The current supply of inventory is only 4.0 months (an 10.8% decrease from last year).   A strong sellers market for the Saint Lucie County single family home market.  Inventory will soon become a problem as it has been decreasing for many months in a row.

September 2014 Monthly Market Detail St Lucie County Single Family Homes

 

Click here to view or download the full report:  September 2014 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.

September 2014 Monthly Market Detail St Lucie County Single Family Homes

September 2014 Monthly Market Detail Martin County Single Family Homes

10.25.14 by

September 2014 Monthly Market Detail Martin County Single Family Homes

The September 2014 Monthly Market Detail Martin County Single Family Homes showed a continued strong market with activity significantly outpacing the average for the state of Florida.  Year to year closed sales were up by 23.3% (was up 22.1% in August). New pending sales increased by 14.1% as compared to September of 2013 (increased by 23.9% in August). 

The median sales price was up by 4% from last year (down by .3% in August) while the average price decreased by .5% (was down by 6.8% last month).  I believe the slower price appreciation in the Marin County residential market is contributing to the active market..

The inventory of available single family homes decreased from August 2014 by 59 homes to 1,229 units this month, this still represents a 2.4% increase from last September.  Current supply of inventory decreased to 6 months from last month’s  6.4 (a 9% decrease from last year).  Currently, Martin County has a balanced market for single family home sales.

September 2014 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:  September 2014 Monthly Market Detail Martin 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.

September 2014 Monthly Market Detail Martin County Single Family Homes

September 2014 Monthly Market Detail Florida Single Family Homes

10.23.14 by

September 2014 Monthly Market Detail Florida Single Family Homes

The September 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed more improvement for September and at a better rate than last month.  Year to year closed sales were up by 13.5% (was up by 4.2% in August) and new sales under contract (new pending sales) increased by 10.6% (was up by 3% in August).

Both median and average sales prices continue to rise ( September 2013 to September 2014) by 5.9% and 4% respectively, compared to August’s 3.4% and 4.3%.   Slow and steady appreciation is a sign of a stable and growing real estate market.

The inventory of available homes for sale rose by 7.2% from last year.  This is now a full twelve months of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  This increase in inventory makes for greater choices and more price competition among sellers. With only a 5.4 months supply of inventory, this is a healthy market with a slight edge to sellers. (September of 2013 had a 5.3 month supply)

September 2014 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:
September 2014 Monthly Market Detail Florida 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.

September 2014 Monthly Market Detail Florida Single Family Homes