Search Results for: Martin County Single Family Homes Market Report

November 2015 Monthly Market Detail Martin County Single Family Homes

12.26.15 by

November 2015 Monthly Market Detail Martin County Single Family Homes

The November 2015 Monthly Market Detail Martin County Single Family Homes continues to show improvement both annually and monthly.  Year to year closed sales were up by 6.5% (was up 13.4% in October). New pending sales increased by 4.9% as compared to November of 2014 (decreased by 19% in October).

Prices continue their upward march.  The median sales price was up by 13.0% from last year (up by 15.6% in October) while the average price increased by 30.6% (was up by 12.3% last month).  This very strong price trend is a bit troubling as it seems to be at much to high of a pace to be sustainable for the long run.  I expect some moderation of these increases in the near future.

The inventory of available single family homes decreased from last month by 33 homes to 1129 units this month, and this is inventory is 10.4% less than last November.  Current supply of homes is 4.8 months, for October of this year it was a 4.9 months supply. (This is a 21.5% decrease from last year). The Martin County single family real estate market remains in a sellers market.  I was hoping for another month of increasing inventory, but this hasn’t happened.  Possibly for December and/or January we’ll have some additional homes for sale.

November 2015 Monthly Market Detail Martin County Single Family Homes

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

November 2015 Monthly Market Detail Martin County Single Family Homes

November 2015 Monthly Market Detail Florida Single Family Homes

12.23.15 by

November 2015 Monthly Market Detail Florida Single Family Homes

The November 2015 Monthly Market Detail Florida Single Family Homes continues to show improved activity from last year though the pace seems to have moderated a bit from recent months.  Closed sales were up by 1.9% (was up by 1.2% in October) and new sales under contract (new pending sales) were down by 2.8% (was down by 2.5% in October).

Both median and average sales prices continue to rise ( November 2014 to November 2015) by 13.6% and 9.6% respectively, compared to October’s 12.4% and 6.5%.  There seems to be no end to the rise in values, though I would feel more comfortable with a more moderate rate.

The inventory of available homes for sale fell by 5.4% from last year.  Some high demand areas of Florida have seen decreasing inventory for a number of months now.  For November there was only a 4.5 months supply of inventory, this is a sellers market with the advantage for sellers. (November of 2014 had a 5.3 month supply)

November 2015 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

November 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.

November 2015 Monthly Market Detail Florida Single Family Homes

Stuart FL 34997 Residential Market Report November 2015

12.14.15 by

Stuart FL 34997 Residential Market Report November 2015

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

 

There are currently 311 active listings (Increased by 3 homes from October).

Stuart FL 34997 Residential Market Report November 2015

164 Residential sales are pending and awaiting close or lender approval (Increased by 1 homes from October).

Stuart FL 34997 Residential Market Report November 2015

65 Homes Sold in November (Decreased by 1 homes from October)

Stuart FL 34997 Residential Market Report November 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues as the largest and the strongest segment of the Martin County single family real estate market.  We’ve had three months of increased inventory, and the sales activity seems to be absorbing all this product very strongly as we remain in a sellers market.
     The current one month absorption rate remained almost the same at 4.8  months (was 4.7 months for October).  Continuing as a sellers market for the 34997 segment of the Stuart residential market for all of the year.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for November, were: 346 active listings, 174 pending listings and 56 closed sales.  Better closed activity this year, though still not as much inventory as we had last year.
Stuart FL 34997 Residential Market Report November 2015

Search here for 34997 Zip Code of Stuart FL real estate for sale

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Stuart FL 34997 Residential Market Report November 2015

 

Sunset Trace Palm City December 2015 Market Report

12.10.15 by

Sunset Trace Palm City December 2015 Market Report

As of December 2015, there are only 5 active listings for sale in Sunset Trace. List prices vary from $119,000 to $153,000 with an average list price of $159,900 which equals $109.79 per square foot of living area.

There are currently 5 homes under contract and awaiting settlement.  The listing prices range from $102,000 to $139,900 for an average list price of $129,080 which equals $96.57 per sq. ft. of living area.  These homes were on the market for an average of 45 days prior to accepting an offer.

In the past 12 months, 44 homes have sold in Sunset Trace.  Sales prices ranged from $92,800 to $156,000 for an average sales price of $126,985 which equals $96.99 per sq. ft. of living area.  These homes sold for an average of 96% of their final list price and were under contract within 30 days of their lost date.

 

Just across the street from the Martin Downs Golf Club lies the gated community of Sunset Trace in Palm City, FL.  Conveniently located close to Florida’s Turnpike as well as shopping, restaurants and medical facilities.  And only a 15 minute ride to the pristine waters of the Atlantic Ocean and the numerous waterways and boating facilities available in Martin County, FL.

Sunset Trace is a DiVosta community of approximately 500 residences.  There are four types of homes in this community:   DiVosta quad townhomes which feature 2 Bedrooms and 2 and ½ bathrooms with 1,236 sq. ft. of living area; Stamford models, also four townhomes to a building featuring 2 Bedrooms and 2 and ½ bathrooms with 1,1374 sq. ft. of living area; Wellesley models  have 3 Bedrooms and 2 Bathrooms in 1,295 sq. ft. and finally the Villas in Sunset Trace offer attached single family homes with 3 Bedrooms, 2 and ½ baths and a one car garage in 1346 square feet of living area.

Sunset Trace was developed and built from 1984 to 1988.  It features two community pools, three tennis courts, outdoor racquet and/or handball courts and a full size basketball court.  There’s a playground for the little ones as well.  This is a lushly landscaped community with a number of lakes and ponds on the grounds making for some great water views.

All ages are welcome in Sunset Trace and children attend Citrus Grove Elementary School, Hidden Oaks Middle School and Martin County High School.  The HOA fees run $305 per month, but include exterior and hurricane insurance, basic cable TV, Lawn and Landscaping, pest control and security.  Making life in Sunset Trace easy and care free.

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Sunset Trace Villas and Townhomes for Sale

Sunset Trace Palm City December 2015 Market Report

Martin County Real Estate Update October 2015

12.01.15 by

Martin County Real Estate Update October 2015

Martin County Real Estate Update October 2015

“Florida Realtors® report that Martin County single family home sales showed double-digit appreciation in both median and average sale prices for the month of October. The average sale price of $434,249 is up 12.3% compared to October 2014, while the median is up 15.6%, reaching $314,500. Closed sales outpaced last year, too, and our inventory diminished to 1,162 homes, a 7.3% decrease from last year. For the sixth consecutive month, Martin County’s supply of inventory remained below 5 months and is down 18.4% compared to last year. All these figures are the hallmark of a seller’s market, so buyer beware and seek out the assistance of your local REALTOR® to help you navigate the unique challenges of this current real estate market,”

Martin County Real Estate Update October 2015

October 2015 Monthly Market Detail St Lucie County Single Family Homes

11.29.15 by

October 2015 Monthly Market Detail St Lucie County Single Family Homes

October 2015 Monthly Market Detail St Lucie County Single Family Homes showed basically unchanged closed sales from last year with a troubling reduced number of new pending sales.  Closed sales were up by 0.4% (in September they were down by 4.3%) and new sales under contract (new pending sales) decreased by 26.8% (they were down by 16.2% last month).

The median and average sales prices however continue their relentless march higher with increases of 14.1% and 16.1% respectively from last October (For September these numbers were 15.3% and 15.6%).

The increasing prices are one possible reason for the welcome increase of inventory. Active listings increased in October (from last month) by 77 homes to 1,675, though this is still lower than last year’s inventory by 8.6%.  The current supply of inventory is 3.6 months (a 7.7% decrease from last year). The Saint Lucie County single family home market remains in a strong sellers market.  Hopefully, we will once again see increasing volume of sales as the inventory increases.

October 2015 Monthly Market Detail St Lucie County Single Family Homes

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

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

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

October 2015 Monthly Market Detail St Lucie County Single Family Homes

October 2015 Monthly Market Detail Martin County Single Family Homes

11.27.15 by

October 2015 Monthly Market Detail Martin County Single Family Homes

The October 2015 Monthly Market Detail Martin County Single Family Homes showed better closed volume from last year but a weaker indication for future sales with the pending numbers.  Year to year closed sales were up by 13.4% (was down 0.5% in September). New pending sales decreased by 19% as compared to October of 2014 (decreased by 6.6% in September).

Prices continue their upward march.  The median sales price was up by 15.6% from last year (up by 7.1% in September) while the average price increased by 12.3% (was up by 40.5% last month).  This upward price trend is a bit troubling as it seems to be at much to high of a pace to be sustainable for the long run.  I expect some moderation of these increases in the near future.

The inventory of available single family homes increased from last month by 105 homes to 1162 units this month, though this is still 7.3% less than last October.  Current supply of homes is 4.9 months, for September of this year it was a 4.5 months supply. (This is 18.4% decrease from last year). The Martin County single family real estate market remains in a sellers market.  Though, with increasing inventory, we are headed towards a more balanced market looking at the future.

October 2015 Monthly Market Detail Martin County Single Family Homes

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

October 2015 Monthly Market Detail Martin County Single Family Homes

October 2015 Monthly Market Detail Florida Single Family Homes

11.25.15 by

October 2015 Monthly Market Detail Florida Single Family Homes

The October 2015 Monthly Market Detail Florida Single Family Homes continues to show improved activity from last year though the pace seems to have moderated a bit from recent months.  Closed sales were up by only 1.2% (was up by 13.4% in August) and new sales under contract (new pending sales) were down by 2.5% (was up by 1.0% in August).

Both median and average sales prices continue to rise ( October 2014 to October 2015) by 12.4% and 6.5% respectively, compared to August’s 11.1% and 8.6%. Prices are continuing their upward trend and this seems to be the continuing trend for the foreseeable future.

The inventory of available homes for sale fell by 6.6% from last year.  Some high demand areas of Florida have seen decreasing inventory for a number of months now.  For October there was only a 4.4 months supply of inventory, this is a sellers market with the advantage for sellers. (October of 2014 had a 5.4 month supply)

October 2015 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

October 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.

October 2015 Monthly Market Detail Florida Single Family Homes

Stuart FL 34997 Residential Market Report October 2015

11.14.15 by

Stuart FL 34997 Residential Market Report October 2015

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

 

There are currently 308 active listings (Increased by 31 homes from September).

Stuart FL 34997 Residential Market Report October 2015

163 Residential sales are pending and awaiting close or lender approval (Increased by 11 homes from September).

Stuart FL 34997 Residential Market Report October 2015

66 Homes Sold in October (Decreased by 15 homes from September)

Stuart FL 34997 Residential Market Report October 2015

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest and has been the strongest segment of the Martin County single family real estate market.  Nice to see a couple of months of increased inventory.
     The current one month absorption rate increased to 4.7  months (was 3.4 months for September).  Most of this increase is due to the stronger inventory numbers and we still remain in a very strong seller’s 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 2014 numbers for October, were: 368 active listings, 144 pending listings and 81 closed sales.  Considerably stronger closed activity last October, though the increased number of pending sales might hold promise for the next few months.
Stuart FL 34997 Residential Market Report October 2015

Search here for 34997 Zip Code of Stuart FL real estate for sale

Stuart Florida Real Estate presented by:
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Stuart FL 34997 Residential Market Report October 2015

 

September 2015 Monthly Market Detail St Lucie County Single Family Homes

10.28.15 by

September 2015 Monthly Market Detail St Lucie County Single Family Homes

September 2015 Monthly Market Detail St Lucie County Single Family Homes had weker sales volume when compared to last year.  Closed sales were off by 4.3% (in August they were down by 5.3%) and new sales under contract (new pending sales) decreased by 16.2% (they were down by 12.2% last month).

Both median and average sales prices continue their gains with increases of 15.3% and 15.6% respectively from last September (For August these numbers were 13.5% and 9.7%).  These increases in prices can be a bit of a warning sign as prices seem to be rising much faster than some can afford.

The inventory of active listings increased in September (from last month) by 39 homes to 1,598, though this is still lower than last year’s inventory by 14.2%.  The current supply of inventory is 3.4 months (a 14.2% decrease from last year). The Saint Lucie County single family home market remains a very strong sellers market.  We are seeing a reduction in volume of sales because either there isn’t enough inventory available on the market or prices are becoming to high.

September 2015 Monthly Market Detail St Lucie County Single Family Homes

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

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

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

September 2015 Monthly Market Detail St Lucie County Single Family Homes

September 2015 Monthly Market Detail Martin County Single Family Homes

10.26.15 by

September 2015 Monthly Market Detail Martin County Single Family Homes

The September 2015 Monthly Market Detail Martin County Single Family Homes showed a second month of continued weakness when compared to last year for volume of sales.  Year to year closed sales were down by .5% (was down 8% in August). New pending sales decreased by 6.6% as compared to September of 2014 (decreased by 2.4% in August).

The median sales price was up by 7.1% from last year (up by 9.6% in August) while the average price increased by 40.5% (was up by 10% last month).  The lack of inventory is driving down the volume of sales while at the same time exerting tremendous upwards pressure on prices..

The inventory of available single family homes increased from last month by 54 homes to 1057 units this month, and this is still a 14% decrease from last September.  Current supply of homes is 4.5 months, for August of this year it was a 4.3 months supply. (This is a 24.7% decrease from last year). The Martin County single family real estate market remains a strong sellers market.  We are approaching our slower selling season for the upcoming holidays.  I am hoping to see the sales volume start increasing again as we seem to be slowly having some additional inventory additions.

September 2015 Monthly Market Detail Martin County Single Family Homes

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

September 2015 Monthly Market Detail Martin County Single Family Homes

September 2015 Monthly Market Detail Florida Single Family Homes

10.24.15 by

September 2015 Monthly Market Detail Florida Single Family Homes

The September 2015 Monthly Market Detail Florida Single Family Homes continues to show improved activity from last year though the pace seems to have moderated a bit from recent months.  Closed sales were up by 13.4% (was up by 8.6% in August) and new sales under contract (new pending sales) were down by 1.0% (was up by 0.7% in August).

Both median and average sales prices continue to rise ( September 2014 to September 2015) by 11.1% and 8.6% respectively, compared to August’s 11.1% and 3.2%. Prices are continuing their upward trend and this seems to be the continuing trend for the foreseeable future.

The inventory of available homes for sale fell by 6.5% from last year.  Some high demand areas of Florida have seen decreasing inventory for a number of months now.  For September there was only a 4.4 months supply of inventory, this is a sellers market with the advantage for sellers. (September of 2014 had a 5.4 month supply)

August 2015 Monthly Market Detail Florida Single Family Homes

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September 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.

September 2015 Monthly Market Detail Florida Single Family Homes

August 2015 Monthly Market Detail St Lucie County Single Family Homes

09.29.15 by

August 2015 Monthly Market Detail St Lucie County Single Family Homes

August 2015 Monthly Market Detail St Lucie County Single Family Homes showed continuing decreases in volume of sales as compared to last year while prices continue their march higher.  Closed sales were down by 5.3% (in July they were up by 7.4%) and new sales under contract (new pending sales) decreased by 12.2% (they were down by 13.4% last month).

Both median and average sales prices continue their gains with increases of 13.5% and 9.7% respectively from last August (For July these numbers were 20.1% and 17.3%).  It’s the decreasing inventory that is one factor in the continuing rise in prices.

The inventory of active listings increased in August (from last month) by 35 homes to 1,559, and this is  lower than last year’s inventory by 17.3%.  The current supply of inventory is only 3.3 months (a 19.8% decrease from last year). The Saint Lucie County single family home market remains a very strong sellers market.  We are seeing a reduction in volume of sales because either there isn’t enough inventory available on the market or prices are becoming to high.

August 2015 Monthly Market Detail St Lucie County Single Family Homes

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

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

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

August 2015 Monthly Market Detail St Lucie County Single Family Homes

August 2015 Monthly Market Detail Martin County Single Family Homes

09.27.15 by

August 2015 Monthly Market Detail Martin County Single Family Homes

The August 2015 Monthly Market Detail Martin County Single Family Homes showed some signs of weakness when compared to last year.  Year to year closed sales were down by 8% (was up 13.7% in July). New pending sales decreased by 2.4% as compared to August of 2014 (decreased by 3.1% in July).

The median sales price was up by 9.6% from last year (up by 7.5% in July) while the average price increased by 10% (was up by 11.7% last month).  Even with decreasing sales, the current lack of inventory is exerting significant upward pressure on single family home prices in Martin County.

The inventory of available single family homes increased from July 2015 by 58 homes to 1003 units this month, and this is also a 22.1% decrease from last August.  Current supply of homes is 4.3 months, for July of this year it was a 4.5 months supply. (This is a 33% decrease from last year). The Martin County single family real estate market remains a strong sellers market.  We are approaching our slower selling season for the upcoming holidays.  It will be interesting to see if we can get any increase in inventory of available homes to sell.

August 2015 Monthly Market Detail Martin County Single Family Homes

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

August 2015 Monthly Market Detail Martin County Single Family Homes

August 2015 Monthly Market Detail Florida Single Family Homes

09.25.15 by

August 2015 Monthly Market Detail Florida Single Family Homes

The August 2015 Monthly Market Detail Florida Single Family Homes continues to show improved activity from last year though the pace seems to have moderated a bit from recent months.  Closed sales were up by 8.6% (was up by 21.8% in July) and new sales under contract (new pending sales) increased by 0.7% (was up by 6.5% in July).

Both median and average sales prices continue to rise ( August 2014 to August 2015) by 11.1% and 3.2% respectively, compared to July’s 8.1% and 4.2%. Prices are continuing their upward trend and this seems to be the continuing trend for the foreseeable future.

The inventory of available homes for sale fell by 8.5% from last year.  Some high demand areas of Florida have seen decreasing inventory for a number of months now.  For August there was only a 4.3 months supply of inventory, this is a sellers market with the advantage for sellers. (August of 2014 had a 5.5 month supply)

August 2015 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

August 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.

August 2015 Monthly Market Detail Florida Single Family Homes

September 2015 Market Report for Martins Crossing

09.10.15 by

September 2015 Market Report for Martins Crossing

There are currently 7 homes and townhomes for sale in Martins Crossing.  Prices range from $167,900 to $417,800 for an average list price of $292,628 which equals $129.04 per sq. ft. of living area.

There are 7 homes under contract.  List prices range from $159,900 to $339,888 for an average list price of $262,762 which is $118.25 per sq. ft. of living area.  On average these homes went under contract in 49 days.

In the past twelve months, 50 homes have sold in Martins Crossing.  Sales prices ranged from $121,800 to $330,000 for an average sales price of $220,26 which equates to $114.95 per sq. ft. of living area.  These homes sold at an average of 96% of listed price and were under contract in an average of 54 days.

Martins Crossing real estate in Stuart FL

Located in the intimate, yet vibrant, city of Stuart near a variety of fine restaurants, cultural outlets and shopping.  September 2015 Market Report for Martins Crossing, boasts of  596 residences with a stunning variety of single family homes and a section of private town homes. This family friendly community was completed around 2006 with mostly newer homes.

 Martins Crossing real estate in Stuart FL

September 2015 Market Report for Martins Crossing community amenities include lush landscaping and with private preserve views,  The Martins Crossing Clubhouse has a sparkling resort style pool, and over sized deck, tennis courts and a playful tot lot all nearby.

Martins Crossing real estate in Stuart FL Martins Crossing real estate in Stuart FL

September 2015 Market Report for Martins Crossing is conveniently located by Kanner Hwy. and Pomeroy Street for easy access to Historic Downtown Stuart, the beaches and waterways of Martin County, restaurants, shopping and quick access to I-95.  All this in a wonderful ‘A’ rated school system.

Martins Crossing real estate in Stuart FL Martins Crossing real estate in Stuart FL

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Stuart Florida Estate is presented by:

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September 2015 Market Report for Martins Crossing

July 2015 Monthly Market Detail St Lucie County Single Family Homes

08.30.15 by

July 2015 Monthly Market Detail St Lucie County Single Family Homes

July 2015 Monthly Market Detail St Lucie County Single Family Homes continues to struggle with the volume of sales in this declining inventory market while at the same time showing continued price increases.  Closed sales were up by 7.4% (in June they were down by 7.9%) and new sales under contract (new pending sales) decreased by 13.4% (they were down by 16.7% last month).

Both median and average sales prices continue strong gains with increases of 20.1% and 17.3% respectively from last July (For June these numbers were 18.6% and 18.9%).  These price increases, while good news for sellers, are making single family homes less affordable in the St. Lucie County market area and June be one factor in the reduced volume of closed sales.

The inventory of active listings increased in July (from last month) by 22 homes to 1,594, and this is  lower than last year’s inventory by 16.7%.  The current supply of inventory is only 3.4 months (a 20.1% decrease from last year). The Saint Lucie County single family home market remains in a very strong sellers market.  We are seeing a reduction in volume of sales because either there isn’t enough inventory available on the market or prices are becoming to high.  Though this month’s increase in inventory is a promising sign.

July 2015 Monthly Market Detail St Lucie County Single Family Homes

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

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

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

July 2015 Monthly Market Detail St Lucie County Single Family Homes

July 2015 Monthly Market Detail Martin County Single Family Homes

08.28.15 by

July 2015 Monthly Market Detail Martin County Single Family Homes

The July 2015 Monthly Market Detail Martin County Single Family Homes continues with good positive gains though not quite as strong as last month.  Year to year closed sales were up by 13.7% (was up 28.8% in June). New pending sales decreased by 3.1% as compared to July of 2014 (increased by 2.1% in June).

The median sales price was up by 7.5% from last year (down by 5.4% in June) while the average price increased by 11.7% (was up by .05% last month).  Back into positive numbers after a little hiccup last month.

The inventory of available single family homes increased from June 2015 by 23 homes to 1061 units this month, but this is still a 18% decrease from last July.  Current supply of homes remained at 4.5 months, the same as June’s 4.5 months supply. (A 31.2% decrease from last year). The Martin County single family real estate market remains a strong sellers market. The small increase in inventory for this month is a welcome sign.

July 2015 Monthly Market Detail Martin County Single Family Homes

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

July 2015 Monthly Market Detail Martin County Single Family Homes

July 2015 Monthly Market Detail Florida Single Family Homes

08.26.15 by

July 2015 Monthly Market Detail Florida Single Family Homes

The July 2015 Monthly Market Detail Florida Single Family Homes continues to show improved activity from last year and showed another strong month for July.  Closed sales were up by 21.8% (was up by 19% in June) and new sales under contract (new pending sales) increased by 6.5% (was up by 10.4% in June).

Both median and average sales prices continue to rise ( July 2014 to July 2015) by 8.1% and 4.2% respectively, compared to June’s 10.0% and 3.4%. Prices are continuing their upward trend and this seems to be the continuing trend for the foreseeable future.

The inventory of available homes for sale fell by 5.3% from last year.  Some high demand areas of Florida have seen decreasing inventory for a number of months now.  For July there was only a 4.5 months supply of inventory, this is a sellers market with the advantage for sellers. (July of 2014 had a 5.5 month supply)

July 2015 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

July 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.

July 2015 Monthly Market Detail Florida Single Family Homes

June 2015 Monthly Market Detail St Lucie County Single Family Homes

07.29.15 by

June 2015 Monthly Market Detail St Lucie County Single Family Homes

June 2015 Monthly Market Detail St Lucie County Single Family Homes continues to struggle with the volume of sales in this declining inventory market while at the same time showing continued price increases.  Closed sales were off by 7.9% (in May they were down by 19.8%) and new sales under contract (new pending sales) decreased by 16.7% (they were down by 31.3% last month).

Both median and average sales prices continue strong gains with increases of 18.6% and 18.9% respectively from last June (For May these numbers were 18.2% and 13.1%).  These price increases, while good news for sellers, are making single family homes less affordable in the St. Lucie County market area and may be one factor in the reduced volume of closed sales.

The inventory of active listings decreased in June (from last month) by 18 homes to 1,572, and this is  lower than last year’s inventory by 20.4%.  The current supply of inventory is only 3.3 months (a 24.2% decrease from last year). The Saint Lucie County single family home market remains in a very strong sellers market.  We are seeing a reduction in volume of sales because either there isn’t enough inventory available on the market or prices are becoming to high.

June 2015 Monthly Market Detail St Lucie County Single Family Homes

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June 2015 Monthly Market Detail St Lucie County Single Family Homes

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

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

June 2015 Monthly Market Detail St Lucie County Single Family Homes