Search Results for: Martin County townhouses and condos market report

St Lucie County Townhouses and Condos August 2024 Market Report

09.25.24 by

St Lucie County Townhouses and Condos August 2024 Market Report

The St Lucie County Townhouses and Condos real estate market had weaker sales activity when compared to last year. We continue to face headwinds with many economic uncertainties and high mortgage rates, though recent moves from the Fed should help, hopefully sooner than later. Closed sales were down by 29.5% from last year (they were unchanged in July). New pending sales were down by 35.2% (they were down by 31.5% last month).

Prices were up for August. The median price increased by 1.6% from last year (was up by 2.7% in July) and the average sales price increased by 9.9% (was up by 1.1% in July).

The available townhouses and condos inventory increased by 8 units from last month to 667 residences. This is a 77.4% greater inventory than we had in August 2023. The current inventory supply is 8.1 months, as compared to 4.4 months of inventory last year.  The St Lucie County townhouses and condos real estate market is in a solid buyer’s 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 August 2024 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 2024 Market Report

Florida Townhouses and Condos August 2024 Market Report

09.21.24 by

Florida Townhouses and Condos August 2024 Market Report

Florida Townhouses and Condos real estate market had weaker sales activity when compared to last year. We continue to face headwinds with many economic uncertainties and high mortgage rates, though recent moves from the Fed should hopefully sooner than later. Closed sales were down by 14.9% compared to last month’s decrease of 1.2%.  New sales under contract (new pending sales) decreased by 19.0% (In July, there was a 10.4% decrease).

Prices were down for August compared to last year. The median sales price was down by 4.3% for August (down by 1.3% in July). And the average sales price increased by 3.7% (was up by 3.0% in July).

The inventory of active listings increased by 74.7% from August last year.  This results in a 7.2-month supply of inventory as compared to a 3.8-month supply for August 2023.  We remain in a buyer’s market for Florida townhouse and condo sales after a long stretch in a seller’s market.  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.

Florida Townhouses and Condos August 2024 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 August 2024 Market Report

Quail Meadow Real Estate Market Report September 2024

09.14.24 by

Quail Meadow Real Estate Market Report September 2024

There is 1 townhome currently available for sale in Quail Meadow in the Martin Downs Country Club community of Palm City FL. This home is listed for $369,000 or $223.10 per sq. ft. of living area.

There are no Quail Meadow homes currently under contract.

In the past 12 months, 4 Quail Meadow homes have sold.  The sales prices ranged from $320,000 up to $337,000. This is an average sales price of $329,750 which works out to $218.07 per sq. ft. of living area.  These townhomes were on the market for an average of 61 days before going under contract. And, they sold for an average of 97% of the list price.

Click here to view the previous Quail Meadow market report!

About Quail Meadow in Martin Downs

Quail Meadow in the Martin Downs Country Club
Google Earth image

Located in the beautiful Martin Downs Country Club, Quail Meadow consists of 84 townhomes/villas.  These are spread out in 14 buildings with 6 attached units in each building.  Quail Meadow was completed in 1983 and represents its own subdivision within the Martin Downs Country Club.  Many of these homes enjoy beautiful lake and golf course views.

All of these homes have a 1 car garage and some are single-story villas while others are two-story style townhouses.   Sizes range from 3 bedroom, 3 bathroom homes with 1,654 sq. ft. of living area down to 2 bedroom, 2 bathroom villas with 1,331 sq. ft.

entrance to Quail Meadow in Martin Downs

The HOA fee is $308 per month. This includes a 24-hour manned security gate and security patrols, management fees, basic cable TV, common areas, and exterior maintenance.   This is a pet-friendly community allowing up to two medium-sized pets per unit.  Rentals are also permitted with some restrictions as to frequency and duration.

front view of Quail Meadow in Martin Downs

Residents of Quail Meadow have the option of joining the golf club in Martin Downs as well as the Martin Downs sports complex.  Or, they are free to just enjoy the great location which is very close to Florida’s Turnpike and I-95, and shopping, restaurants, professional offices, and medical facilities.

Click here to see if any Quail Meadow homes are available for sale

View Martin Downs Country Club Communities:
Clubhouse Court Condos, Crane Creek Country Club and Crane Creek Racquet Club, Eagle Lake, Egret Pond, Heronwood, Ibis Point, Mallard Creek, Osprey Creek, Pheasant Run, Quail Meadow, and Starling Court.

Recent market reports:

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

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

Quail Meadow Real Estate Market Report September 2024

Martin County Townhouses and Condos 2024 2nd Quarter Report

08.31.24 by

Martin County Townhouses and Condos 2024 2nd 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 2024 2nd Quarter Report
Martin County Townhouses and Condos 2024 2nd Quarter Report

For the Martin County townhouses and condos real estate market sales volume was down for the quarter. Prices decreased for this period while we had continued increasing inventory. Interest rates remain high for the time being but should start going down soon. I expect sales to remain somewhat sluggish for the short term. We remain in a balanced market for now. I suspect that we will soon be in a buyer’s 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 2024 2nd Quarter Report

St Lucie County Townhouses and Condos July 2024 Market Report

08.27.24 by

St Lucie County Townhouses and Condos July 2024 Market Report

The St Lucie County Townhouses and Condos market showed weaker sales activity when compared to last year. Even as we face headwinds with economic uncertainties and higher mortgage rates. Closed sales were unchanged from last year (they were down by 29.4% in June). New pending sales were down by 31.5% (they were down by 19.8% last month).

Prices were mixed in July. The median price increased by 2.7% from last year (was up by 18.5% in June) and the average sales price decreased by 1.1% (was up by 5.1% in June).

The available townhouses and condos inventory decreased by 13 units from last month to 659 residences. This is a 76.7% greater inventory than we had in July 2023. The current inventory supply is 7.7 months, as compared to 4.5 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a buyer’s 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 July 2024 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 2024 Market Report

Florida Townhouses and Condos July 2024 Market Report

08.23.24 by

Florida Townhouses and Condos July 2024 Market Report

Florida Townhouses and Condos real estate market report had slightly weaker sales activity when compared to last year. The inventory numbers continue to grow, but we face headwinds with economic uncertainties and stubbornly high mortgage rates. I still expect the market to improve with a gradual return to a historically normal real estate market. Closed sales were down by 1.2% compared to last month’s decrease of 20.5%.  New sales under contract (new pending sales) decreased by 10.4% (In June, there was a 7.9% decrease).

Prices were mixed for July compared to last year. The median sales price was down by 1.3% for July (unchanged in June). And the average sales price increased by 3.0% (was up by 2.4% in June).

The inventory of active listings increased by 91.1% from July last year.  This results in a 7.4-month supply of inventory as compared to a 3.6-month supply for July 2023.  We remain in a buyer’s market for Florida townhouse and condo sales after a long stretch in a seller’s market.  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.

Florida Townhouses and Condos July 2024 Market Report
Florida Townhouses and Condos July 2024 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 July 2024 Market Report

Mariner Cay Real Estate Market Report August 2024

08.08.24 by

Mariner Cay Real Estate Market Report August 2024

There is 1 home and 7 condos on the market in Mariner Cay in Stuart FL for August 2024.

The condos have list prices that range from $365,000 up to $499,000. This equals an average list price of $444,286 which is $312.63 per sq. ft. of living space.

The home is listed for $4,295,000 or $1,098.47 per sq. ft. of living area.

1 Mariner Cay home and 1 Mariner Cay condo are currently under contract.

The condo had a list price of $359,900 which equals $226.64 per sq. ft. of living area.  This condo was on the market for 178 days before going under contract. And, the home was listed for $2,280,000 or $904.04 per sq. ft. of living space. This home spent 489 days on the market before going under contract.

In the past 12 months, 5 Mariner Cay condos and 5 Mariner Cay single-family homes have sold.

The condo sales prices ranged from $445,000 up to $490,000.  This equals an average sales price of $463,500 which works out to $313.72 per sq. ft. of living space.  These condos averaged 18 days on the market before going under contract. And, sold for an average of 98% of the list price.

The single-family homes had sales prices ranging from $1,050,000 to $2,200,000. This is an average sales price of $1,519,980 which is $612.83 per sq. ft. of living area.  These homes were on the market for an average of 92 days before going under contract. And, they sold for an average of 94% of the list price.

Click here to view the previous Mariner Cay market report!

About Mariner Cay Homes and Condos:

Mariner Cay in Stuart Florida
Google Earth image

Why should you look into Mariner Cay real estate? The real estate market has much to offer in today’s economy. That is why a great deal of time and effort must be put into searching for the best option available. When it comes to options available Mariner Cay waterfront homes have so much to offer. This wonderful community located along what is referred to as the Treasure Coast of Florida in Martin County is appealing for many different reasons.

Florida’s subtropical and tropical climate makes many seasonal activities year-round. In addition, many other choices are added to the extensive list of pursuits in recreation, entertainment, and outdoor adventures. With all the water the beaches are a must for an inexpensive form of pleasure and relaxation. Hand in hand with the water comes fishing.

Mariner Cay in Stuart Florida

Martin County is home to a long list of fishing tournaments, boating activities, and other related hobbies. Mariner Cay real estate provides an access point into this intriguing world of water through the Mariner Cay marina. Situated in the Manatee Pocket in Stuart Florida the marina is a short distance from St. Lucie Inlet and the crossroads of the Southeast Florida waterways. The marina allows you to take advantage of the 60-mile span between its location and Grand Bahamas Island if you are one with an adventurous spirit. The marina exemplifies the attention to detail seen throughout the Mariner Cay real estate properties.

The Mariner Cay Marina offers the following benefits:
  • 90% of Mariner Cay slips are available to the public
  • 51 slips that accommodate boats up to 80 feet and 6 ft. draft
  • Annual, monthly, and daily (transient) slips are available
  • Approximately 100′ of face dock dedicated to transient boaters
  • Refueling dock with non-ethanol gas and diesel
  • Electricity (30 & 50 amp) and water (good quality) at each slip
  • Sanitary Pump-out
  • Restrooms, showers, and washer/dryer facilities
  • Soft drinks and ice
  • Swimming pool adjacent to the marina
  • Gated 7/24 security with roving night-time guards
  • ATMs, banks, and grocery shopping close by
  • At least five restaurants within an easy dinghy ride
  • Boat works, one do-it-yourself, available on Manatee pocket
  • Free High-Speed Internet and 24/7 Wi-Fi.
Mariner Cay in Stuart Florida
Google Earth image

With a marina like this, it is no wonder Mariner Cay real estate has exclusive waterfront estates as well as waterfront townhouses and condos. A beautiful yacht club with dockage comes with the property’s benefits. Mariner Cay real estate offers amenities like:  

  • a community pool
  • tennis courts
  • fitness center
  • cabana
  • and so much more
Mariner Cay real estate Stuart FL

With this great Stuart location, Mariner Cay real estate is close to it all. When you start asking yourself about the differences in waterfront communities, call us. We will show you the differences and special features that come along with the amazing Mariner Cay real estate offers.

Search Mariner Cay Real Estate

Recent market reports:

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.

Mariner Cay Real Estate Market Report August 2024

St Lucie County Townhouses and Condos June 2024 Market Report

07.30.24 by

St Lucie County Townhouses and Condos June 2024 Market Report

The St Lucie County Townhouses and Condos market showed weaker sales activity when compared to last year. Even as we face headwinds with economic uncertainties and higher mortgage rates. Closed sales were down by 29.4% from last year (they were down by 8.1% in May). New pending sales were down by 19.8% (they were down by 28.4% last month).

Prices were higher in June. The median price increased by 18.5% from last year (was down by 2.3% in May) and the average sales price increased by 5.1% (was down by 7.3% in May).

The available townhouses and condos inventory decreased by 22 units from last month to 672 residences. This is a 70.1% greater inventory than we had in June 2023. The current inventory supply is 7.9 months, as compared to 4.8 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a buyer’s 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 June 2024 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 2024 Market Report

Florida Townhouses and Condos June 2024 Market Report

07.24.24 by

Florida Townhouses and Condos June 2024 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 face headwinds with economic uncertainties and stubbornly high mortgage rates. I still expect the market to improve with a gradual return to a historically normal real estate market. Closed sales were down by 20.5% compared to last month’s decrease of 8.6%.  New sales under contract (new pending sales) decreased by 7.9% (In May, there was a 13.8% decrease).

Prices were up for June compared to last year. The median sales price was up by 0.0% for June (also up by 1.5% in May). And the average sales price increased by 2.4% (was up by 3.1% in May).

The inventory of active listings increased by 91.9% from June last year.  This results in a 7.4-month supply of inventory as compared to a 3.6-month supply for June 2023.  We remain in a buyer’s market for Florida townhouse and condo sales after a long stretch in a seller’s market.  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.

Florida Townhouses and Condos June 2024 Market Report
Florida Townhouses and Condos June 2024 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 June 2024 Market Report

Schooner Oaks Real Estate Market Report July 2024

07.22.24 by

Schooner Oaks Real Estate Market Report July 2024

As of July 2024, 2 homes are for sale in Schooner Oaks in Rocky Point in Stuart, FL. The list prices are $460,000 and $479,000. This equals an average list price of $469,500 or $291.41 per sq. ft. of living area.

There are 3 Schooner Oaks homes under contract at this time. The list prices ranged from $299,000 up to $348,000. This is an average list price of $315,667 which is $199.06 per sq. ft. of living space. These homes average 231 days on the market before going under contract.

In the past 12 months, 7 Schooner Oaks homes have sold. The sales prices ranged from $310,000 up to $1,250,000. This works out to an average sales price of $519,286 which equals $308.53 per sq. ft. of living area. These homes went under contract in an average of 86 days after being listed. And, they sold for an average of 97% of the list price.

Click here to view the previous Schooner Oaks market report!

About Schooner Oaks in Rocky Point:

Schooner Oaks in Rocky Point in Martin County Florida
Google Earth image

The Schooner Oaks community of Rocky Point in Stuart FL is a townhouse-style complex under condo association rules. There are 86 units of varying sizes that were built from 1985 till 1997.

Schooner Oaks in Rocky Point in Martin County Florida
Google Earth image

These townhouses vary from the largest one with 4 bedrooms and 4 bathrooms and 2,140 sq. ft. of living area down to 2 bedrooms, 2 bath condos with around 1,400 sq. ft. of living area. Most units come with an attached single-car garage.

Residents enjoy the use of a clubhouse with billiards, a fitness room, a heated pool, a spa, and tennis courts. There’s a waterfront gazebo with a day dock and fishing pier off the Intracoastal Waterway with views toward the Saint Lucie Inlet of the Atlantic Ocean.

Schooner Oaks in Rocky Point

This is a pet-friendly community allowing for up to two large pets. Rentals are also allowed and there are some vehicle restrictions. The current HOA fees are $570 per month. These fees cover Assessment Fee, Cable, Common Areas, Fire/Liability Insur, Grounds / Plants, Insurance-Bldg, Insurance-Other, Janitor, Lawn Care, Legal/Accounting, Maintenance – Repair, Maintenance Exterior, Management Fees, Manager, Pest Control, Pool Service, Reserve Funds, Roof Maintenance, and Trash Removal.

Schooner Oaks in Rocky Point

Search here for any available Schooner Oaks Condos for sale

Schooner Oaks home search

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

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

Schooner Oaks Real Estate Market Report July 2024

St Lucie County Townhouses and Condos May 2024 Market Report

06.26.24 by

St Lucie County Townhouses and Condos May 2024 Market Report

The St Lucie County Townhouses and Condos market showed weaker sales activity when compared to last year. Even as we face headwinds with economic uncertainties and higher mortgage rates. Closed sales were down by 8.1% from last year (they were up by 4.0% in April). New pending sales were down by 28.4% (they were up by 17.7% last month).

Prices were down for May. The median price decreased by 2.3% from last year (was up by 4.9% in April) and the average sales price decreased by 7.3% (was up by 8.7% in April).

The available townhouses and condos inventory increased by 18 units from last month to 694 residences. This is an 85.1% greater inventory than we had in May 2023. The current inventory supply is 7.9 months, as compared to 4.5 months of inventory last year.  The St Lucie County townhouses and condos real estate market has now entered a buyer’s 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 May 2024 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 May 2024 Market Report

Florida Townhouses and Condos May 2024 Market Report

06.22.24 by

Florida Townhouses and Condos May 2024 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 face headwinds with economic uncertainties and stubbornly high mortgage rates. I still expect the market to improve with a gradual return to a historically normal real estate market. Closed sales were down by 8.6% compared to last month’s increase of 1.9%.  New sales under contract (new pending sales) decreased by 13.8% (In April, there was a 4.3% decrease).

Prices were up for May compared to last year. The median sales price was up by 1.5% for May (also up by 3.1% in April). And the average sales price increased by 3.1% (was up by 8.2% in April).

The inventory of active listings increased by 91.3% from May last year.  This results in a 7.2-month supply of inventory as compared to a 3.6-month supply for May 2023.  We have slipped into a buyer’s market for Florida townhouse and condo sales after a long period of being in a seller’s market.  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.

Florida Townhouses and Condos May 2024 Market Report
Florida Townhouses and Condos May 2024 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 May 2024 Market Report

Martin County Townhouses and Condos 2024 1st Quarter Report

05.31.24 by

Martin County Townhouses and Condos 2024 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 2024 1st Quarter Report
Martin County Townhouses and Condos 2024 1st Quarter Report

For the Martin County townhouses and condos real estate market sales numbers increased slightly. Prices and inventory both rose for this quarter. Interest rates remain high. So, I expect sales to remain somewhat sluggish, and we have entered into a balanced market. I suspect that we will soon be in a buyer’s 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 2024 1st Quarter Report

St Lucie County Townhouses and Condos April 2024 Market Report

05.27.24 by

St Lucie County Townhouses and Condos April 2024 Market Report

The St Lucie County Townhouses and Condos market showed slightly stronger sales activity when compared to last year. Even as we face headwinds with economic uncertainties and higher mortgage rates. Closed sales were up by 4.0% from last year (they were up by 7.1% in March). New pending sales were up by 17.7% (they were down by 13.8% last month).

Prices were up for April. The median price increased by 4.9% from last year (was down by 6.7% in March) and the average sales price increased by 8.7% (was up by 11.1% in March).

The available townhouses and condos inventory increased by 5 units from last month to 676 residences. This is a 73.8% greater inventory than we had in April 2023. The current inventory supply is 7.6 months, as compared to 4.7 months of inventory last year.  The St Lucie County townhouses and condos real estate market has now entered a seller’s 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 April 2024 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 2024 Market Report

Florida Townhouses and Condos April 2024 Market Report

05.23.24 by

Florida Townhouses and Condos April 2024 Market Report

Florida Townhouses and Condos real estate market report had slightly stronger sales activity when compared to last year. The inventory numbers continue to grow, but we face headwinds with economic uncertainties and stubbornly high mortgage rates. I still expect the market to improve with a gradual return to a historically normal real estate market. Closed sales were up by 1.9% compared to last month’s decrease of 16.6%.  New sales under contract (new pending sales) decreased by 4.3% (In March, there was a 12.6% decrease).

Prices were up for April compared to last year. The median sales price was up by 3.1% for April (also up by 3.1% in March). And the average sales price increased by 8.2% (was up by 1.5% in March).

The inventory of active listings increased by 84.5% from April last year.  This results in a 6.9-month supply of inventory as compared to a 3.5-month supply for April 2023.  We have entered into a balanced market for Florida townhouse and condo sales after a long period of a seller’s market.  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.

Florida Townhouses and Condos April 2024 Market Report
Florida Townhouses and Condos April 2024 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 April 2024 Market Report

St Lucie County Townhouses and Condos March 2024 Market Report

04.25.24 by

St Lucie County Townhouses and Condos March 2024 Market Report

The St Lucie County Townhouses and Condos market showed slightly stronger sales activity when compared to last year. Even as we face headwinds with economic uncertainties and higher mortgage rates. Closed sales were up by 7.1% from last year (were up by 35.8% in February). New pending sales were down by 13.8% (they were up by 26.6% last month).

Prices were up for March. The median price increased by 6.7% from last year (was down by 3.4% in February) and the average sales price increased by 11.1% (was up by 20.0% in February).

The available townhouses and condos inventory increased by 29 units from last month to 671 residences. This is a 69.0% greater inventory than we had in March 2023. The current inventory supply is 7.6 months, as compared to 4.5 months of inventory last year.  The St Lucie County townhouses and condos real estate market has now entered a seller’s 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 March 2024 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 2024 Market Report

Florida Townhouses and Condos March 2024 Market Report

04.19.24 by

Florida Townhouses and Condos March 2024 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 face headwinds with economic uncertainties and stubbornly high mortgage rates. I still expect the market to improve with a gradual return to a historically normal real estate market. Closed sales were down by 16.6% compared to last month’s decrease of 2.5%.  New sales under contract (new pending sales) decreased by 12.6% (In February, there was a 4.8% decrease).

Prices were up for March compared to last year. The median sales price was up by 3.1% for March (was up by 3.2% in February). And the average sales price increased by 1.5% (was up by 3.4% in February).

The inventory of active listings increased by 77.9% from March last year.  This results in a 6.6-month supply of inventory as compared to 3.4-month for March 2023.  We have entered into a balanced market for Florida townhouse and condo sales after a long period of a seller’s market.  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.

Florida Townhouses and Condos March 2024 Market Report
Florida Townhouses and Condos March 2024 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 March 2024 Market Report

Sawgrass Villas Real Estate Market Report April 2024

04.16.24 by

Sawgrass Villas Real Estate Market Report April 2024

For April 2024, there is 1 townhome available for sale in the Sawgrass Villas community of Palm City Florida. The list price is $365,000 or $225.31 per sq. ft. of living area.

There are no Sawgrass Villas townhomes that are under contract at this time.

In the past 12 months, only 2 Sawgrass Villas homes have sold.  The sales prices were $358,000 and $370,000. This is an average sales price of $364,000 which works out to $199.57 per sq. ft. of living area.  These homes sold for an average of 95% of the last list price. And, they were on the market for an average of 65 days before going under contract.

Click here for the previous Sawgrass Villas market report!

About the Sawgrass Villas in Palm City:

Sawgrass Villas in Palm City Florida
Google Earth image

Built in 2005, the Sawgrass Villas of Palm City is one of the few newer affordable townhome-style condos in the area.  There are 52 units with two different floor plans.  All are 3 bedrooms, and 2 bathrooms with either 2.079 sq. ft. of living area for the larger floor plan or 1,621 sq. ft. for the smaller ones.  With a rare exception, all of these townhouses have a 1 car garage.

Sawgrass Villas real estate in Palm City FL

Sawgrass Villas is in a very desirable location within walking distance to shopping and some restaurants and an easy drive to historic downtown Stuart and the beaches of Martin County or to Florida’s Turnpike for those needing to get to points north or south. Families will also appreciate the great Palm City school district with high-rated schools.

Sawgrass Villas real estate in Palm City FL

The HOA fees include building maintenance and insurance, landscaping, trash pickup, Cable TV,  and exterior pest control.

Sawgrass Villas in Palm City

Live the easy maintenance and worry-free life in these solid concrete townhomes featuring Hardi-plank siding and metal roofs.

Sawgrass Villas in Palm City

Click here to search for Sawgrass Villas homes for sale

Sawgrass Villas real estate in Palm City FL

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.

Sawgrass Villas Real Estate Market Report April 2024

St Lucie County Townhouses and Condos February 2024 Market Report

03.28.24 by

St Lucie County Townhouses and Condos February 2024 Market Report

The St Lucie County Townhouses and Condos market showed stronger sales activity when compared to last year. Even as we face headwinds with economic uncertainties, at least mortgage rates may have peaked and begun to decrease. Closed sales were up by 35.8% from last year (were down by 7.1% in January). New pending sales were up by 26.6% (they were down by 6.2% last month).

Prices were mixed for February. The median price decreased by 3.4% from last year (was up by 8.0% in January) and the average sales price increased by 20.0% (was up by 21.8% in January).

The available townhouses and condos inventory increased by 8 units from last month to 642 residences. This is a 60.9% greater inventory than we had in February 2023. The current inventory supply is 7.3 months, as compared to 4.5 months of inventory last year.  The St Lucie County townhouses and condos real estate market is in its third month of a balanced market, and now approaching a seller’s 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 February 2024 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 2024 Market Report

Florida Townhouses and Condos February 2024 Market Report

03.22.24 by

Florida Townhouses and Condos February 2024 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 2.5% compared to last month’s decrease of 1.2%.  New sales under contract (new pending sales) decreased by 4.8% (In January, there was a 8.5% decrease).

Prices were up for February compared to last year. The median sales price was up by 3.2% for February (was also up by 3.2% in January). And the average sales price increased by 3.4% (was up by 3.0% in January).

The inventory of active listings increased by 73.3% from February last year.  This results in a 6.3 months supply of inventory as compared to 3.2 months for February 2023.  We have entered into a balanced market for Florida townhouse and condo sales after a really long period of a seller’s market.  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 February 2024 Market Report
Florida Townhouses and Condos February 2024 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 February 2024 Market Report