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Martin County Townhouses and Condos December 2023 Market Report

02.04.24 by

Martin County Townhouses and Condos December 2023 Market Report

The Martin County Townhouses and Condos real estate market showed improved sales activity when compared to last year. We continue to encounter headwinds of economic uncertainties, though mortgage rates have appeared to peak and started to decline. Closed sales for the month were up by 17.4%.  They were down by 21.4% in November.  New sales under contract (new pending sales) were up by 7.4% from last year.  They were up by 21.7% in November.

Prices were up for December.  The median sales price increased by 6.7% (was up by 7.3% last month). And, the average sales price increased by 19.8% (was up by 17.3% in November).

The available townhouses and condos inventory increased by 26 units to 449 properties.  This is a 54.3% greater supply of inventory than we had in December 2022.  Currently, there’s a 5.2 month supply of inventory (compared to 3.2 months for December 2022).  We remain in a seller’s market for townhouses and condos in Martin County, though trending towards a more balanced market. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Martin County Townhouses and Condos December 2023 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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

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

Martin County Townhouses and Condos December 2023 Market Report

Florida Townhouses and Condos December 2023 Market Report

02.02.24 by

Florida Townhouses and Condos December 2023 Market Report

Florida Townhouses and Condos real estate market report had weaker sales activity when compared to last year. The inventory numbers continue to grow, but we are facing headwinds with economic uncertainties, though mortgage rates appear to have peaked and starting to decrease. I expect the market to improve and a gradual return to a historically normal real estate market. Closed sales were down by 6.2% compared to last month’s increase of 0.3%.  New sales under contract (new pending sales) decreased by 5.5% (In November, there was a 1.2% decrease).

Prices were up for December compared to last year. The median sales price was up by 6.5% for December (was up by 7.5% in November). And the average sales price increased by 10.4% (was up by 3.9% in November).

The inventory of active listings increased by 52.6% from December last year.  This results in a 5.1 months supply of inventory as compared to 2.8 months for December 2022.  We remain in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 months supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Florida Townhouses and Condos December 2023 Market Report
Florida Townhouses and Condos December 2023 Market Report
Download/view the full report

View previous Florida townhouses and condo market reports by clicking this link.

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

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

Florida Townhouses and Condos December 2023 Market Report

St. Lucie County Townhouses and Condos 2023 4th Quarter Report

01.31.24 by

St. Lucie County Townhouses and Condos 2023 4th Quarter Report

Click the image below to view the full details of the St. Lucie County townhouses and condos market report data as reported by St. Lucie County Realtor for the 4th Quarter of 2023.

St. Lucie County Townhouses and Condos 2023 4th Quarter Report

For the 4th quarter of 2023, the Saint Lucie Count townhouses and condo real estate market showed improved sales activity along with moderating price increases. The inventory continues to grow and buyers seem to be returning to this segment of the Florida real estate market. I sense a turnaround in this market and that we are reentering into a historically normal real estate market.

Click here to view/download the full report

View the entire set of data at GabeSanders.com

Click to view previous St Lucie County quarterly reports

St. Lucie County Townhouses and Condos 2023 4th Quarter Report

Martin County Townhouses and Condos 2023 4th Quarter Report

01.29.24 by

Martin County Townhouses and Condos 2023 4th Quarter Report

Click the image below to view the full details of the Martin County Townhouses and Condos Quarterly Report as reported by Florida Realtors.

Martin County Townhouses and Condos 2023 4th Quarter Report
Martin County Townhouses and Condos 2023 4th Quarter Report

For the Martin County townhouses and condos real estate market there is a continued trend of reduced sales volume. Prices rose for this quarter, though at a much-reduced rate from previous reports. Inventory is continuing to increase but at a slower rate. Buyers are starting to re-enter the market as interest rates have started to decrease. I sense a turnaround in the market is imminent to where we enter a historically normal real estate market.

Click here to view/download the full report

View the entire set of data at GabeSanders.com

See previous Martin County quarterly reports

Martin County Townhouses and Condos 2023 4th Quarter Report

Florida Townhouses and Condos 2023 4th Quarter Report

01.27.24 by

Florida Townhouses and Condos 2023 4th Quarter Report

Click the image below to view the 2023 4th Quarter Report as reported by Florida Realtors.

Florida Townhouses and Condos 2023 4th Quarter Report

For the 4th quarter of 2023, the Florida townhouse and condo real estate market continued the trend of reduced sales volume. Prices rose for this quarter, though at a much-reduced rate from previous reports. Inventory is continuing to increase but at a slower rate. Buyers are starting to re-enter the market as interest rates have started to decrease. I sense a turnaround in the market is imminent to where we enter a historically normal real estate market.

Click here to view/download the full report

View previous Florida quarterly reports here.

View the entire set of data at GabeSanders.com

Florida Townhouses and Condos 2023 4th Quarter Report

St Lucie County Townhouses and Condos November 2023 Market Report

12.26.23 by

St Lucie County Townhouses and Condos November 2023 Market Report

The St Lucie County Townhouses and Condos market showed slightly weaker sales activity when compared to last year. We continue to face headwinds with economic uncertainties, though at least mortgage rates may have peaked. Closed sales were down by 1.4% from last year (were up by 36.8% in October). New pending sales were up by 68.6% (they were down by 8.6% last month).

Prices were mixed for November. The median price increased by 1.6% from last year (was up by 12.5% in October) and the average sales price decreased by 15.1% (was up by 12.8% % in October).

The available townhouses and condos inventory increased by 63 units from last month to 525 residences. This is a 71.6% greater inventory than we had in November 2022. The current inventory supply is 6.1 months, as compared to 3.1 months of inventory last year.  The St Lucie County townhouses and condos real estate market has entered into a balanced market. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

Please click on the image or link below to download the full Florida single-family real estate market report.

St Lucie County Townhouses and Condos November 2023 Market Report
Click to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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

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

St Lucie County Townhouses and Condos November 2023 Market Report

Martin County Townhouses and Condos November 2023 Market Report

12.23.23 by

Martin County Townhouses and Condos November 2023 Market Report

The Martin County Townhouses and Condos real estate market showed weaker sales activity when compared to last year. We continue to encounter headwinds of economic uncertainties, though mortgage rates have appeared to peak. Closed sales for the month were down by 21.4%.  They were down by 30.9% in October.  New sales under contract (new pending sales) were up by 21.7% from last year.  They were up by 13.3% in October.

Prices were up for November.  The median sales price increased by 7.3% (was down by 1.6% last month). And, the average sales price increased by 17.3% (was up by 24.2% in October).

The available townhouses and condos inventory increased by 47 units to 423 properties.  This is a 47.9% greater supply of inventory than we had in November 2022.  Currently, there’s a 5.0 month supply of inventory (compared to 3.0 months for November 2022).  We remain in a seller’s market for townhouses and condos in Martin County, though trending towards a more balanced market. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Martin County Townhouses and Condos November 2023 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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

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

Martin County Townhouses and Condos November 2023 Market Report

St Lucie County Townhouses and Condos October 2023 Market Report

11.28.23 by

St Lucie County Townhouses and Condos October 2023 Market Report

The St Lucie County Townhouses and Condos market showed stronger sales activity when compared to last year. We continue to face headwinds with economic uncertainties, though at least mortgage rates may have peaked. Closed sales were up by an impressive 36.8% from last year (were unchanged in September). New pending sales were up by 8.6% (they were down by 6.3% last month).

Prices were up for October. The median price increased by 12.5% from last year (was up by 14.5% in September) and the average sales price increased by 12.8% (was up by 7.8% % in September).

The available townhouses and condos inventory increased by 58 units from last month to 463 residences. This is a 78.8% greater inventory than we had in October 2022. The current inventory supply is 5.4 months, as compared to 2.5 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a sellers’ market, though trending towards a balanced one. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

Please click on the image or link below to download the full Florida single-family real estate market report.

St Lucie County Townhouses and Condos October 2023 Market Report
Click to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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

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

St Lucie County Townhouses and Condos October 2023 Market Report

Martin County Townhouses and Condos October 2023 Market Report

11.26.23 by

Martin County Townhouses and Condos October 2023 Market Report

The Martin County Townhouses and Condos real estate market showed weaker sales activity when compared to last year. We continue to encounter headwinds of economic uncertainties, though mortgage rates have appeared to peak. Closed sales for the month were down by 30.9%.  They were down by 15.5% in September.  New sales under contract (new pending sales) were up by 13.3% from last year.  They were down by 10.4% in September.

Prices were mixed for October.  The median sales price decreased by 1.6% (was down by 4.7% last month). And, the average sales price increased by 24.2% (was up by 1.1% in September).

The available townhouses and condos inventory increased by 41 units to 376 properties.  This is a 53.5% greater supply of inventory than we had in October 2022.  Currently, there’s a 4.4-month supply of inventory (compared to 2.6 months for October 2022).  We remain in a seller’s market for townhouses and condos in Martin County, though trending towards a more balanced market. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Martin County Townhouses and Condos October 2023 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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

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

Martin County Townhouses and Condos October 2023 Market Report

Hutchinson House Real Estate Market Report October 2023

10.26.23 by

Hutchinson House Real Estate Market Report October 2023

For October 2023, there are 2 condos available for sale in Hutchinson House on Hutchinson Island in Stuart FL.  The list prices are $599,000 and $999,000. This is an average list price of $799,000 which is $596.15 per sq. ft. of living area.

There are no Hutchinson House condos currently under contract.

2 Hutchinson House condos have sold in the past 12 months.  The sales prices were $380,000 and $1,100,000. This works out to an average sales price of $740,000 which equals $544.28 per sq. ft. of living area.  These condos sold for an average of 88% of the list price. And, they averaged 37 days on the market prior to going under contract.

Click here to view the previous Hutchinson House market report!

About the Hutchinson House Condos in Stuart Florida:

Hutchinson House on Hutchinson Island in Stuart Florida
Google Earth image

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

Hutchinson House real estate on Hutchinson Island in Stuart Florida

Hutchinson House is a luxury condominium complex located on Hutchinson Island in Stuart, Florida. The complex consists of 121 two- and three-bedroom condos, all of which offer stunning views of the Atlantic Ocean or the Indian River. Residents of Hutchinson House enjoy access to a variety of amenities, including a clubhouse, swimming pools, tennis courts, and a private beach.

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

Hutchinson House real estate on Hutchinson Island in Stuart Florida

Hutchinson House is located in a prime location, just minutes from downtown Stuart and all of its shops, restaurants, and attractions. The complex is also close to a variety of golf courses, marinas, and other outdoor recreation opportunities.

Hutchinson House real estate on Hutchinson Island in Stuart Florida

If you are looking for a luxurious and convenient place to live in Stuart, Florida, Hutchinson House is the perfect choice. With its stunning views, amenities, and prime location, Hutchinson House is sure to exceed your expectations.

Hutchinson House real estate on Hutchinson Island in Stuart Florida
Google Earth image

Here are some of the things that make Hutchinson House a great place to live:

  • Stunning views of the Atlantic Ocean or the Indian River (Intracoastal Waterway)
  • Access to a variety of amenities, including a clubhouse, swimming pools, tennis courts, and a private beach
  • Convenient location, just minutes from downtown Stuart and all of its shops, restaurants, and attractions
  • Close proximity to a variety of golf courses, marinas, and other outdoor recreation opportunities
Hutchinson House

Search for Hutchinson House Condos for Sale

Hutchinson House real estate search on Hutchinson Island in Stuart Florida

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

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

Hutchinson House Real Estate Market Report October 2023

St Lucie County Townhouses and Condos September 2023 Market Report

10.24.23 by

St Lucie County Townhouses and Condos September 2023 Market Report

The St Lucie County Townhouses and Condos market showed slightly weaker sales activity when compared to last year. We continue to face headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were unchanged from last year (were up by 38.3% in August). New pending sales were down by 6.3% (they were up by 31.7% last month).

Prices were up for September. The median price increased by 14.5% from last year (was up by 18.2% in August) and the average sales price increased by 7.8% (was up by 13.9% % in August).

The available townhouses and condos inventory increased by 29 units from last month to 405 residences. This is a 68.8% greater inventory than we had in September 2022. The current inventory supply is 4.8 months, as compared to 2.2 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a sellers’ market, though trending towards a balanced one. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

Please click on the image or link below to download the full Florida single-family real estate market report.

St Lucie County Townhouses and Condos September 2023 Market Report
Click to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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

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

St Lucie County Townhouses and Condos September 2023 Market Report

Martin County Townhouses and Condos September 2023 Market Report

10.22.23 by

Martin County Townhouses and Condos September 2023 Market Report

The Martin County Townhouses and Condos real estate market showed weaker sales activity when compared to last year. We continue to encounter headwinds of increasing mortgage rates and other economic uncertainties. Closed sales for the month were down by 15.5%.  They were up by 4.4% in August.  New sales under contract (new pending sales) were down by 10.4% from last year.  They were down by 19.2% in August.

Prices were mixed for September.  The median sales price decreased by 4.7% (was down by 4.4% last month). And, the average sales price increased by 1.1% (was up by 4.8% in August).

The available townhouses and condos inventory increased by 44 units to 335 properties.  This is a 54.4% greater supply of inventory than we had in September 2022.  Currently, there’s a 3.8-month supply of inventory (compared to 2.3 months for September 2022).  We remain in a seller’s market for townhouses and condos in Martin County, though trending towards a more balanced market. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Martin County Townhouses and Condos September 2023 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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

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

Martin County Townhouses and Condos September 2023 Market Report

St Lucie County Townhouses and Condos August 2023 Market Report

09.26.23 by

St Lucie County Townhouses and Condos August 2023 Market Report

The St Lucie County Townhouses and Condos market showed improved sales activity when compared to last year. This is one of the few market segments with some encouraging sales activity, as we continue to face headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were up by 38.3% from last year (were down by 7.1% in July). New pending sales were up by 31.7% (they were up by 20.4% last month).

Prices were up for August. The median price increased by 18.2% from last year (was down by 9.5% in July) and the average sales price increased by 13.9% (was up by 1.2% in July).

The available townhouses and condos inventory increased by 3 units from last month to 376 residences. This is a 64.9% greater inventory than we had in August 2022. The current inventory supply is 4.4 months, as compared to 2.1 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a sellers’ market, though trending towards a balanced one. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

Please click on the image or link below to download the full Florida single-family real estate market report.

St Lucie County Townhouses and Condos August 2023 Market Report
Click to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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

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

St Lucie County Townhouses and Condos August 2023 Market Report

Martin County Townhouses and Condos August 2023 Market Report

09.24.23 by

Martin County Townhouses and Condos August 2023 Market Report

The Martin County Townhouses and Condos real estate market showed slightly improved closed activity when compared to last year. Even as we continue to encounter headwinds of increasing mortgage rates and other economic uncertainties. Closed sales for the month were up by 4.4%.  They were up by 30.8% in July.  New sales under contract (new pending sales) were down by 19.2% from last year.  They were up by 2.2% in July.

Prices were mixed for August.  The median sales price decreased by 4.4% (was up by 2.9% last month). And, the average sales price increased by 4.8% (was up by 42.1% in July).

The available townhouses and condos inventory increased by 11 units to 291 properties.  This is a 55.0% greater supply of inventory than we had in August 2022.  Currently, there’s a 3.3-month supply of inventory (compared to 2.1 months for August 2022).  We remain in a seller’s market for townhouses and condos in Martin County, though trending towards a more balanced market. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Martin County Townhouses and Condos August 2023 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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

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

Martin County Townhouses and Condos August 2023 Market Report

St Lucie County Townhouses and Condos July 2023 Market Report

08.26.23 by

St Lucie County Townhouses and Condos July 2023 Market Report

The St Lucie County Townhouses and Condos market showed weaker sales activity when compared to last year though there are some encouraging pending sales numbers as well as a nice increase in sales inventory. We continue to face headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 7.1% from last year (were down by 8.9% in June). New pending sales were up by 20.4% (they were up by 20.2% last month).

Prices were up for July. The median price decreased by 9.5% from last year (was up by 11.8% in June) and the average sales price increased by 1.2% (was up by 3.7% in June).

The available townhouses and condos inventory decreased by 22 units from last month to 373 residences. This is a 114.3% greater inventory than we had in July 2022. The current inventory supply is 4.5 months, as compared to 2.1 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a sellers’ market, though trending towards a balanced one. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

Please click on the image or link below to download the full Florida single-family real estate market report.

St Lucie County Townhouses and Condos July 2023 Market Report
Click to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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

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

St Lucie County Townhouses and Condos July 2023 Market Report

Martin County Townhouses and Condos July 2023 Market Report

08.24.23 by

Martin County Townhouses and Condos July 2023 Market Report

The Martin County Townhouses and Condos real estate market showed better-closed activity than last year. Even as we continue to encounter headwinds of increasing mortgage rates and other economic uncertainties. Closed sales for the month were up by 30.8%.  They were up by 10.1% in June.  New sales under contract (new pending sales) were up by 2.2% from last year.  They were up by 35.6% in June.

Prices, also, continued to increase for July.  The median sales price increased by 2.9% (was up by 5.5% last month). And, the average sales price increased by 42.1% (was up by 8.3% in June).

The available townhouses and condos inventory decreased by 7 units to 280 properties.  This is a 55.0% greater supply of inventory than we had in July 2022.  Currently, there’s a 3.1 months supply of inventory (compared to 2.0 months for July 2022).  We remain in a seller’s market for townhouses and condos in Martin County, though trending towards a more balanced market. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Martin County Townhouses and Condos July 2023 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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

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

Martin County Townhouses and Condos July 2023 Market Report

St Lucie County Townhouses and Condos June 2023 Market Report

07.25.23 by

St Lucie County Townhouses and Condos June 2023 Market Report

The St Lucie County Townhouses and Condos market continues to show weaker sales activity when compared to last year, but also a higher pending sales value. The inventory numbers are still growing, but headwinds remain with increasing mortgage rates and other economic uncertainties. Closed sales were down by 8.9% from last year (were down by 0.8% in May). New pending sales were up by 20.2% (they were down by 6.8% last month).

Prices were mixed for June. The median price decreased by 11.8% from last year (was up by 8.9% in May) and the average sales price increased by 3.7% (was down by 0.2% in May).

The available townhouses and condos inventory increased by 20 units from last month to 395 residences. This is a 96.5% greater inventory than we had in June 2022. The current inventory supply is 4.8 months, as compared to 1.8 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a sellers’ market, though trending towards a balanced one. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

Please click on the image or link below to download the full Florida single-family real estate market report.

St Lucie County Townhouses and Condos June 2023 Market Report
Click to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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

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

St Lucie County Townhouses and Condos June 2023 Market Report

Martin County Townhouses and Condos June 2023 Market Report

07.23.23 by

Martin County Townhouses and Condos June 2023 Market Report

The Martin County Townhouses and Condos real estate market had improved sales activity when compared to last year. The inventory numbers are rising, but we are still facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales for the month were up by 10.1%.  They were down by 15.9% in May.  New sales under contract (new pending sales) were up by 35.6% from last year.  They were down by 19.0% in May.

Prices, also, continued to increase for June.  The median sales price increased by 5.5% (was up by 5.2% last month). While the average sales price increased by 8.3% (was up by 0.4% in May).

The available townhouses and condos inventory decreased by 12 units to 287 properties.  This is a 53.5% greater supply of inventory than we had in June 2022.  Currently, there’s a 3.3 months supply of inventory (compared to 1.8 months for June 2022).  We remain in a seller’s market for townhouses and condos in Martin County, though trending towards a more balanced market. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Martin County Townhouses and Condos July 2023 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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

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

Martin County Townhouses and Condos June 2023 Market Report

St Lucie County Townhouses and Condos May 2023 Market Report

06.27.23 by

St Lucie County Townhouses and Condos May 2023 Market Report

The St Lucie County Townhouses and Condos market continues to show weaker sales activity when compared to last year, but only slightly. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 0.8% from last year (were down by 31.5% in April). New pending sales were down by 6.8% (they were down by 16.9% last month).

Prices were mixed for May. The median price increased by 8.9% from last year (was up by 7.0% in April) and the average sales price decreased by 0.2% (was down by 8.2% in April).

The available townhouses and condos inventory decreased by 14 units from last month to 375 residences. This is 130.1% greater inventory than we had in May 2022. The current inventory supply is 4.5 months, as compared to 1.4 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a sellers’ market, though trending towards a balanced one. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos May 2023 Market Report
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View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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

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

St Lucie County Townhouses and Condos May 2023 Market Report

Martin County Townhouses and Condos May 2023 Market Report

06.25.23 by

Martin County Townhouses and Condos May 2023 Market Report

The Martin County Townhouses and Condos real estate market had weaker sales activity when compared to last year. The inventory numbers are rising, but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales for the month were down by 15.9%.  They were down by 4.0% in April.  New sales under contract (new pending sales) were down by 19.0% from last year.  They were down by 26.2% in April.

Prices continued to increase for May.  The median sales price increased by 5.2% (was up by 17.1% last month). While the average sales price increased by 0.4% (was up by 20.9% in April).

The available townhouses and condos inventory decreased by 26 units to 298 properties.  This is a 115.9% greater supply of inventory than we had in May 2022.  Currently, there’s a 3.5 months supply of inventory (compared to 1.3 months for May 2022).  We remain in a seller’s market for townhouses and condos in Martin County, though trending towards a more balanced market. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.

Martin County Townhouses and Condos May 2023 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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

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

Martin County Townhouses and Condos May 2023 Market Report