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Martin County Townhouses and Condos 2023 1st Quarter Report

05.27.23 by

Martin County Townhouses and Condos 2023 1st 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 1st Quarter Report

For the Martin County townhouses and condos real estate market, a continued trend of reduced sales volume.  Prices were mixed for the quarter and the inventory is continuing to increase, but it is not bringing in more buyers to date.  Compared to the other areas I track; the Martin County single-family real estate market still outperforms most areas locally and nationwide. I doubt we will see any improvement until either interest rates or prices begin to go down—hopefully, both.

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 1st Quarter Report

St Lucie County Townhouses and Condos April 2023 Market Report

05.23.23 by

St Lucie County Townhouses and Condos April 2023 Market Report

The St Lucie County Townhouses and Condos market continues to show weaker sales activity when compared to last year. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 31.5% from last year (were down by 18.7% in March). New pending sales were down by 16.9% (they were unchanged at 0.0% last month).

Prices were mixed for April. The median price increased by 7.0% from last year (was up by 1.7% in March) and the average sales price decreased by 8.2% (was down by 9.0% in March).

The available townhouses and condos inventory decreased by 8 units from last month to 389 residences. This is 161.1% greater inventory than we had in April 2022. The current inventory supply is 4.7 months, as compared to 1.2 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.

St Lucie County Townhouses and Condos April 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 April 2023 Market Report

Martin County Townhouses and Condos April 2023 Market Report

05.21.23 by

Martin County Townhouses and Condos April 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 4.0%.  They were up by 16.5% in March.  New sales under contract (new pending sales) were down by 26.2% from last year.  They were up by 5.1% in March.

Prices continued to increase for April.  The median sales price increased by 17.1% (was up by 1.5% last month). While the average sales price increased by 20.9% (was down by 2.6% in March).

The available townhouses and condos inventory increased by 35 units to 324 properties.  This is a 176.9% greater supply of inventory than we had in April 2022.  Currently, there’s a 3.7 months supply of inventory (compared to 1.1 months for April 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 April 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 April 2023 Market Report

St Lucie County Townhouses and Condos March 2023 Market Report

04.26.23 by

St Lucie County Townhouses and Condos March 2023 Market Report

The St Lucie County Townhouses and Condos market continues to show weaker sales activity when compared to last year. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 18.7% from last year (were down by 45.9% in February). New pending sales were unchanged at 0.0% (they were down by 31.4% last month).

Prices were mixed for March. Hopefully, price increases will continue to moderate which should lead to an increase in sales. The median price increased by 1.7% from last year (was up by 12.3% in February) and the average sales price decreased by 9.0% (was down by 0.6% in February).

The available townhouses and condos inventory decreased by 2 units from last month to 397 residences. This is 194.1% greater inventory than we had in March 2022. The current inventory supply is 4.5 months, as compared to 1.0 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 March 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 March 2023 Market Report

Hutchinson House Real Estate Market Report April 2023

04.25.23 by

Hutchinson House Real Estate Market Report April 2023

For April 2023, there is only 1 condo available for sale in Hutchinson House on Hutchinson Island in Stuart FL.  The list price is $749,000 which is $421.97 per sq. ft. of living area.

There are no Hutchinson House condos currently under contract.

7 Hutchinson House condos have sold in the past 12 months.  Sales prices ranged from $375,000 up to $1,100,000. This works out to an average sales price of $651,857 which equals $490.22 per sq. ft. of living area.  These condos sold for an average of 95% of the list price. And, they averaged 38 days on 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

Hutchinson House condos for sale:

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.

Recently sold Hutchinson House condos:

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 April 2023

Martin County Townhouses and Condos March 2023 Market Report

04.24.23 by

Martin County Townhouses and Condos March 2023 Market Report

The Martin County Townhouses and Condos had stronger closed activity for the first time in months. But, we are still encountering headwinds with increasing mortgage rates and other economic uncertainties. Closed sales for the month were up by 16.5%.  They were down by 28.4% in February.  New sales under contract (new pending sales) were up by 5.1% from last year.  They were down by 7.2% in February.

Price activity was mixed for March.  The median sales price increased by 1.5% (was up by 10.3% last month). While the average sales price decreased by 2.6% (was down by 5.5% in February).

The available townhouses and condos inventory decreased by 19 units to 289 properties.  This is a 147.0% greater supply of inventory than we had in March 2022.  Currently, there’s a 3.3 months supply of inventory (compared to 1.0 months for March 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 March 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 March 2023 Market Report

St Lucie County Townhouses and Condos February 2023 Market Report

03.26.23 by

St Lucie County Townhouses and Condos February 2023 Market Report

The St Lucie County Townhouses and Condos market continues to show weaker sales activity when compared to last year. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 45.9% from last year (were down by 42.3% in January). New pending sales were down by 31.4% (they were down by 41.3% last month).

Prices rose for February, though at a moderate rate. Hopefully, price increases will continue to moderate which should lead to an increase in sales. The median price increased by 12.3% from last year (was up by 5.1% in January) and the average sales price decreased by 0.6% (was up by 3.4% in January).

The available townhouses and condos inventory increased by 35 units from last month to 399 residences. This is 183.0% greater inventory than we had in February 2022. The current inventory supply is 4.5 months, as compared to 1.1 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.

St Lucie County Townhouses and Condos February 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 February 2023 Market Report

Martin County Townhouses and Condos February 2023 Market Report

03.24.23 by

Martin County Townhouses and Condos February 2023 Market Report

The Martin County Townhouses and Condos market continues to show weaker sales activity when compared to last year though there are some signs of a slow turnaround. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales for the month were down by 28.4%.  They were down by 43.8% in November.  New sales under contract (new pending sales) were down by 7.2% from last year.  They were down by 7.5% in January.

Price activity was mixed for February.  The median sales price increased by 10.3% (was up by 26.0% last month). While the average sales price decreased by 5.5% (was up by 8.2% in January).

The available townhouses and condos inventory increased by 8 units to 308 properties.  This is a 187.9% greater supply of inventory than we had in February 2022.  Currently, there’s a 3.6 months supply of inventory (compared to 0.9 months for February 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 February 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 February 2023 Market Report

St Lucie County Townhouses and Condos January 2023 Market Report

02.26.23 by

St Lucie County Townhouses and Condos January 2023 Market Report

The St Lucie County Townhouses and Condos market continues to show weaker sales activity when compared to last year. The inventory numbers are improving, but we are facing headwinds with increasing mortgage rates. Closed sales were down by 42.3% from last year (were down by 38.7% in December). New pending sales were down by 41.3% (they were down by 20.6% last month).

Year-to-year prices were mixed for January. Hopefully, price increases will continue to moderate which should lead to an increase in sales. The median price increased by 5.1% from last year (was up by 20.0% in December) and the average sales price decreased by 3.4% (was up by 18.0% in December).

The available townhouses and condos inventory increased by 72 units from last month to 364 residences. This is 167.6% greater inventory than we had in January 2022. The current inventory supply is 3.9 months, as compared to 1.0 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 January 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 January 2023 Market Report

Martin County Townhouses and Condos January 2023 Market Report

02.24.23 by

Martin County Townhouses and Condos January 2023 Market Report

The Martin County Townhouses and Condos market continues to show weaker sales activity when compared to last year. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates. Closed sales for the month were down by 43.8%.  They were down by 38.9% in November.  New sales under contract (new pending sales) were down by 7.5% from last year.  They were down by 26.1% in December.

Year-to-year prices were stubbornly higher once again.  The median sales price increased by 26.0% (was down by 1.8% last month). While the average sales price increased by 8.2% (was up by 0.8% in December).

The available townhouses and condos inventory increased by 9 units to 300 properties.  This is a 222.6% greater supply of inventory than we had in January 2022.  Currently, there’s a 3.4 months supply of inventory (compared to 0.8 months for January 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 January 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 January 2023 Market Report

St Lucie County Townhouses and Condos December 2022 Market Report

02.06.23 by

St Lucie County Townhouses and Condos December 2022 Market Report

The St Lucie County Townhouses and Condos market continues to show weaker sales activity when compared to last year. The inventory numbers are improving, but we are facing headwinds with increasing mortgage rates and stubbornly high prices. Closed sales were down by 38.7% from last year (were down by 39.7% in November). New pending sales were down by 20.6% (they were down by 50.5% last month).

Year-to-year prices were up for December. The median price increased by 20.0% from last year (was up by 23.1% in November) and the average sales price increased by 18.0% (was up by 32.5% in November).

The available townhouses and condos inventory decreased by 15 units from last month to 291 residences. This is 99.3% greater inventory than we had in December 2021. The current inventory supply is 3.0 months, as compared to 1.1 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.

St Lucie County Townhouses and Condos December 2022 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 December 2022 Market Report

Martin County Townhouses and Condos December 2022 Market Report

02.04.23 by

Martin County Townhouses and Condos December 2022 Market Report

The Martin County Townhouses and Condos market continues to show weaker sales activity when compared to last year. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates. Price increases seem to have moderated which may be an indication for future increased sales activity. Closed sales for the month were down by 38.9%.  They were down by 26.3% in November.  New sales under contract (new pending sales) were down by 26.1% from last year.  They were down by 37.5% in November.

Year-to-year prices were mixed.  The median sales price decreased by 1.8% (was up by 42.5% last month). While the average sales price increased by 0.8% (was up by 13.1% in November).

The available townhouses and condos inventory increased by 5 units to 291 properties.  This is a 282.9% greater supply of inventory than we had in December 2021.  Currently, there’s a 3.2 months supply of inventory (compared to 0.7 months for December 2021).  We remain in a seller’s market for townhouses and condos in Martin County. 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 December 2022 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 2022 Market Report

St Lucie County Townhouses and Condos November 2022 Market Report

12.28.22 by

St Lucie County Townhouses and Condos November 2022 Market Report

The St Lucie County Townhouses and Condos market continues to show weaker sales activity when compared to last year. The inventory numbers are improving, but we are facing headwinds with increasing mortgage rates as well as stubbornly high prices. Closed sales were down by 39.7% from last year (were down by 42.4% in October). New pending sales were down by 50.5% for October (they were down by 43.5% last month).

Year-to-year prices were up for November at stubbornly high rates. The median price increased by 23.1% from last year (was up by 20.2% in October) and the average sales price increased by 32.5% (was down by 5.6% in October).

The available townhouses and condos inventory increased by 47 units from last month to 306 residences. This is 81.1% greater inventory than we had in November 2021. The current inventory supply is 3.1 months, as compared to 1.2 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a sellers’ market, mainly because of the decrease in inventory. 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 November 2022 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 2022 Market Report

Martin County Townhouses and Condos November 2022 Market Report

12.26.22 by

Martin County Townhouses and Condos November 2022 Market Report

The Martin County Townhouses and Condos market continues to show weaker sales activity when compared to last year. The inventory numbers are improving, but we are facing headwinds with increasing mortgage rates as well as stubbornly high prices. Closed sales for the month were down by 26.3%.  They were down by 4.9% in October.  New sales under contract (new pending sales) were down by 37.5% from last year.  They were down by 41.2% in October.

Year-to-year prices continue to go up at stubbornly high rates.  The median sales price increased by 42.5% (was up by 45.2% last month). While the average sales price increased by 13.1% (was up by 25.1% in October).

The inventory of available townhouses and condos increased by 41 units to 286 properties.  This is an 89.4% greater supply of inventory than we had in November 2021.  Currently, there’s a 3.0 months supply of inventory (compared to 1.3 months for November 2021).  We remain in a seller’s market for townhouses and condos in Martin County. 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 November 2022 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 2022 Market Report

St Lucie County Townhouses and Condos October 2022 Market Report

11.25.22 by

St Lucie County Townhouses and Condos October 2022 Market Report

The St Lucie County Townhouses and Condos market continues to show weaker sales activity when compared to last year. The inventory numbers are improving, but we are facing headwinds with increasing mortgage rates as well as stubbornly high prices. Closed sales were down by 42.4% from last year (were down by 11.2% in September). New pending sales were down by 43.5% for September (they were down by 29.5% last month).

Year-to-year prices were up for October. The median price increased by 20.2% from last year (was up by 11.3% in September) and the average sales price increased by 5.6% (was down by 2.5% in September).

The available townhouses and condos inventory increased by 19 units from last month to 259 residences. This is 43.9% greater inventory than we had in October 2021. The current inventory supply is 2.5 months, as compared to 1.3 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a sellers’ market, mainly because of the decrease in inventory. 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 October 2022 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 2022 Market Report

Martin County Townhouses and Condos October 2022 Market Report

11.23.22 by

Martin County Townhouses and Condos October 2022 Market Report

The Martin County Townhouses and Condos market continues to show weaker sales activity when compared to last year. The inventory numbers are improving, but we are facing headwinds with increasing mortgage rates as well as stubbornly high prices. Closed sales for the month were down by 4.9%.  They were down by 28.8% in September.  New sales under contract (new pending sales) were down by 41.2% from last year.  They were down by 31.3% in September.

Year-to-year prices continue to go up.  The median sales price increased by 45.2% (was up by 26.5% last month). While the average sales price increased by 25.1% (was up by 4.0% in September).

The inventory of available townhouses and condos increased by 28 units to 245 properties.  This is a 133.3% greater supply of inventory than we had in October 2021.  Currently, there’s a 2.6 months supply of inventory (compared to 0.9 months for October 2021).  We remain in a seller’s market for townhouses and condos in Martin County. 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 October 2022 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 2022 Market Report

St Lucie County Townhouses and Condos September 2022 Market Report

10.25.22 by

St Lucie County Townhouses and Condos September 2022 Market Report

The St Lucie County Townhouses and Condos market had weaker sales activity when compared to last September. While the historically low inventory is slowly improving (though still low), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. Closed sales were down by 11.2% from last year (were down by 28.3% in August). New pending sales were down by 29.5% for August(they were down by 28.1% last month).

Prices were mixed for September. The median price increased by 11.3% from last year (was up by 27.9% in August) and the average sales price decreased by 2.5% (was up by 22.3% in August).

The available townhouses and condos inventory increased by 12 units from last month to 240 residences. This is 37.1% greater inventory than we had in September 2021. The current inventory supply is 2.2 months, as compared to 1.2 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a tight sellers’ market, mainly because of the decrease in inventory. 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 September 2022 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 2022 Market Report

Martin County Townhouses and Condos September 2022 Market Report

10.23.22 by

Martin County Townhouses and Condos September 2022 Market Report

The Martin County Townhouses and Condos had weaker sales volume when compared to last September. While the historically low inventory is slowly improving (though still low), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. Closed sales for the month were down by 28.8%.  They were down by 15.1% in August.  New sales under contract (new pending sales) were down by 31.3% from last year.  They were down by 8.0% in August.

Prices continue to go up.  The median sales price increased by 26.5% (was up by 47.6% last month). While the average sales price increased by 4.0% (was up by 23.1% in August).

The inventory of available townhouses and condos increased by 6 units to 217 properties.  This is an 85.5% greater supply of inventory than we had in September 2021.  Currently, there’s a 2.3 months supply of inventory (compared to 1.0 months for September 2021).  We remain in a very extreme seller’s market for townhouses and condos in Martin County. 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 September 2022 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 2022 Market Report

Florida Townhouses and Condos September 2022 Market Report

10.21.22 by

Florida Townhouses and Condos September 2022 Market Report

Florida Townhouses and Condos showed slower sales activity when compared to last year. While the historically low inventory is slowly improving (though still low), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. Closed sales were down by 29.0% as compared to last month’s decrease of 20.3%.  New sales under contract (new pending sales) decreased by 34.6% (In August, there was a 20.3% decrease).

Prices are still going up.  The median sales price was up by 20.5% (was up by 20.8% in August). While the average sales price increased by 17.2% (was up 10.8% in August).

The inventory of active listings increased by 18.0% from September of last year.  This results in 2.3 months supply of inventory as compared to 1.7 months for September 2021.  Remaining 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 month supply of inventory.

Florida Townhouses and Condos September 2022 Market Report
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View previous Florida townhouses and condo market reports by clicking this link.

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

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

Florida Townhouses and Condos August 2022 Market Report

Hutchinson House Real Estate Market Report October 2022

10.06.22 by

Hutchinson House Real Estate Market Report October 2022

For October 2022, there is only 1 condo available for sale in Hutchinson House on Hutchinson Island in Stuart FL.  The list price is $786,000 which is $442.82 per sq. ft. of living area.

There are no Hutchinson House condos currently under contract.

6 Hutchinson House condos have sold in the past 12 months.  Sales prices ranged from $375,000 up to $990,000. This works out to an average sales price of $657,167 which equals $495.12 per sq. ft. of living area.  These condos sold for an average of 97% of the list price and averaged 33 days on 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
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Hutchinson House condos for sale:

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

Hutchinson House consists of 121 Condos. The Ocean Side is Hutchinson House East and the riverside is called Hutchinson House West.  Both sides offer 2 and 3 bedroom condos with 2 or more bathrooms.  Many with spectacular views of the river and the crystal clear blue waters of the Atlantic Ocean.

Recently sold Hutchinson House condos:

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 on Hutchinson Island in Stuart Florida
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Search for Hutchinson House Condos for Sale

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 2022