Search Results for: Martin County townhouses and condos market report

St Lucie County Townhouses and Condos August 2023 Market Report

09.26.23 by

St Lucie County Townhouses and Condos August 2023 Market Report

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

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

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

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

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

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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

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

St Lucie County Townhouses and Condos August 2023 Market Report

Florida Townhouses and Condos August 2023 Market Report

09.22.23 by

Florida Townhouses and Condos August 2023 Market Report

Florida Townhouses and Condos real estate market report continues to show weaker sales activity when compared to last year, but is improving. The inventory numbers are growing (though not as quickly as in the previous few months), but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 7.2% compared to last month’s decrease of 9.4%.  New sales under contract (new pending sales) decreased by 11.0% (In July, there was a 4.8% decrease).

Prices were up for August compared to last year. The median sales price was up by 6.2% for August (was up by 4.6% in July). And the average sales price increased by 10.8% (was up by 3.9% in July).

The inventory of active listings increased by 30.6% from August last year.  This results in a 3.8-month supply of inventory as compared to 2.2 months for August 2022.  We remain in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-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 2023 Market Report
Florida Townhouses and Condos August 2023 Market Report
Download/view the full report

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

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

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

Florida Townhouses and Condos August 2023 Market Report

Quail Meadow Real Estate Market Report September 2023

09.17.23 by

Quail Meadow Real Estate Market Report September 2023

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 $370,000 or $223.70 per sq. ft. of living area.

There are no Quail Meadow homes currently under contract.

In the past 12 months, there has only been 1 Quail Meadow home sale.  The sales price was $315,000 which works out to $236.66 per sq. ft. of living area.  This townhome was on the market for 162 days before going under contract. It sold for 84% 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

Quail Meadow homes for sale:

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.

Recent home sales in Quail Meadow:

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 2023

Martin County Townhouses and Condos 2023 2nd Quarter Report

09.01.23 by

Martin County Townhouses and Condos 2023 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 2023 2nd Quarter Report
Martin County Townhouses and Condos 2023 2nd Quarter Report

For the Martin County townhouses and condos real estate market, a continued trend of reduced sales volume.  Prices were sharply higher than last year.  Along with the rising interest rates, this is not a good sign for the future. I doubt that we will see any improvement in this market until rates begin to recede.

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 2nd Quarter Report

Florida Townhouses and Condos July 2023 Market Report

08.28.23 by

Florida Townhouses and Condos July 2023 Market Report

Florida Townhouses and Condos real estate market report continues to show weaker sales activity when compared to last year, but is improving. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 9.4% compared to last month’s decrease of 11.0%.  New sales under contract (new pending sales) decreased by 4.8% (In June, there was an 3.6% decrease).

Prices were up slightly for July compared to last year. The median sales price was up by 4.6% for July (was unchanged at 0.0% in June). And the average sales price increased by 3.9% (was down 1.9% in June).

The inventory of active listings increased by 71.4% from July last year.  This results in 3.6 months supply of inventory as compared to 2.1 months for July 2022.  We remain in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-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 2023 Market Report
Download/view the full report

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

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

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

Florida Townhouses and Condos July 2023 Market Report

St Lucie County Townhouses and Condos July 2023 Market Report

08.26.23 by

St Lucie County Townhouses and Condos July 2023 Market Report

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

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

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

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

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

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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

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

St Lucie County Townhouses and Condos July 2023 Market Report

Mariner Cay Real Estate Market Report August 2023

08.23.23 by

Mariner Cay Real Estate Market Report August 2023

There is 1 home and no condos on the market in Mariner Cay in Stuart FL for August 2023.

The home is listed for $2,400,000 or $951.63 per sq. ft. of living area.

There is 1 Mariner Cay condo and 2 Mariner Cay homes currently under contract.

This condo had a list price of $449,900 which equals $296.96 per sq. ft. of living area.  This condo was on the market for 6 days before going under contract

The two homes were listed for $1,449,900 and $1,499,995. This is an average list price of $1,474,948 which equals $447.30 per sq. ft. of living area. These homes were on the market for an average of 178 days before going under contract

In the past 12 months, 5 Mariner Cay condos and 3 Mariner Cay single-family homes have sold.

The condo sales prices ranged from $360,000 up to $500,000.  This equals an average sales price of $424,300 which works out to $310.28 per sq. ft. of living area.  These condos averaged 52 days on the market before going under contract. And, sold for an average of 97% of the list price.

The single-family homes had sales prices ranging from $658,000 up to $3,450,000. This is an average sales price of $1,819,333 which is $578.70 per sq. ft. of living area.  These homes were on the market for an average of 111 days before going under contract. And, they sold for an average of 92% 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

Mariner Cay homes and condos for sale:

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.

Recent Mariner Cay sales:

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 give us a call. 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 2023

St Lucie County Townhouses and Condos June 2023 Market Report

07.25.23 by

St Lucie County Townhouses and Condos June 2023 Market Report

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

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

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

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

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

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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

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

St Lucie County Townhouses and Condos June 2023 Market Report

Florida Townhouses and Condos June 2023 Market Report

07.21.23 by

Florida Townhouses and Condos June 2023 Market Report

Florida Townhouses and Condos real estate market report continues to show weaker sales activity when compared to last year, but is improving. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 11.0% compared to last month’s decrease of 14.1%.  New sales under contract (new pending sales) decreased by 3.6% (In May, there was an 11.9% decrease).

Prices were mostly flat or lower for June with little changes from last year. The median sales price was unchanged for June (was up by 0.9% in May). And the average sales price decreased by 1.9% (was down 1.9% in May).

The inventory of active listings increased by 40.5% from June last year.  This results in 3.6 months supply of inventory as compared to 1.9 months for June 2022.  We remain in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-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 2023 Market Report
Download/view the full report

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

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

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

Florida Townhouses and Condos June 2023 Market Report

Schooner Oaks Real Estate Market Report July 2023

07.11.23 by

Schooner Oaks Real Estate Market Report July 2023

As of July 2023, there are 2 homes for sale in Schooner Oaks in Rocky Point in Stuart, FL. The list prices are $412,000 and $1,300,000. This is an average list price of $856,000 or $489.86 per sq. ft. of living area.

There are no Schooner Oaks homes under contract at this time.

In the past 12 months, 8 Schooner Oaks homes have sold. The sales prices ranged from $325,000 up to $435,000. This works out to an average sales price of $374,597 which equals $233.42 per sq. ft. of living area. These homes went under contract in an average of 15 days. And, they sold for an average of 98% 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

Schooner Oaks homes for sale:

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.

Recent Schooner Oak sales:

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 2023

St Lucie County Townhouses and Condos May 2023 Market Report

06.27.23 by

St Lucie County Townhouses and Condos May 2023 Market Report

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

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

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

St Lucie County Townhouses and Condos May 2023 Market Report
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 2023 Market Report

Florida Townhouses and Condos May 2023 Market Report

06.23.23 by

Florida Townhouses and Condos May 2023 Market Report

Florida Townhouses and Condos real estate market report continue to show weaker sales activity when compared to last year, but is improving. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 14.1% compared to last month’s decrease of 26.8%.  New sales under contract (new pending sales) decreased by 11.9% (In April, there was an 18.1% decrease).

Year-to-year prices were mixed. The median sales price was up by 0.9% (was up by 4.8% in April). And the average sales price decreased by 1.9% (was up 1.1% in April).

The inventory of active listings increased by 72.4% from May last year.  This results in 3.6 months supply of inventory as compared to 1.5 months for May 2022.  We remain in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.

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

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

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

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

Florida Townhouses and Condos May 2023 Market Report

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

Florida Townhouses and Condos April 2023 Market Report

05.19.23 by

Florida Townhouses and Condos April 2023 Market Report

Florida Townhouses and Condos real estate market report continue 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 26.8% compared to last month’s decrease of 23.5%.  New sales under contract (new pending sales) decreased by 18.1% (In March, there was a 19.3% decrease).

Year-to-year prices were higher. However, the rate of price increases has moderated which may indicate better future affordability. The median sales price was up by 4.8% (was up by 3.9% in March). And the average sales price increased by 1.1% (was up 1.1% in March).

The inventory of active listings increased by 97.4% from April last year.  This results in 3.5 months supply of inventory as compared to 1.3 months for April 2022.  We remain in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.

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

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

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

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

Florida Townhouses and Condos 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

Florida Townhouses and Condos March 2023 Market Report

04.22.23 by

Florida Townhouses and Condos March 2023 Market Report

Florida Townhouses and Condos market report continue 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 23.5% compared to last month’s decrease of 30.2%.  New sales under contract (new pending sales) decreased by 19.3% (In February, there was a 24.2% decrease).

Year-to-year prices were higher. However, these price increases have moderated which may indicate future increased activity. The median sales price was up by 3.9% (was up by 8.6% in February). And the average sales price increased by 1.1% (was up 2.9% in February).

The inventory of active listings increased by 107.6% from March last year.  This results in 3.4 months supply of inventory as compared to 1.2 months for March 2021.  We remain in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.

Florida Townhouses and Condos March 2023 Market Report
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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 2023 Market Report

Sawgrass Villas Real Estate Market Report April 2023

04.16.23 by

Sawgrass Villas Real Estate Market Report April 2023

For April 2023, there are 2 townhomes available for sale in the Sawgrass Villas community of Palm City Florida. The list prices are $394,500 and $425,000. This is an average list price of $409,750 or $224.07 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 1 Sawgrass Villas home has sold.  The sales price was $425,000 which works out to $204.62 per sq. ft. of living area.  This home sold for 100% of the list price. And, it was on the market for 8 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

Sawgrass Villas homes for sale:

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 bedroom, 2 bathroom 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

Recent Sawgrass Villas sales:

Great 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.

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 2023

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
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View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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

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

St Lucie County Townhouses and Condos February 2023 Market Report

Florida Townhouses and Condos February 2023 Market Report

03.22.23 by

Florida Townhouses and Condos February 2023 Market Report

Florida Townhouses and Condos market report 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 30.2% compared to last month’s decrease of 40.7%.  New sales under contract (new pending sales) decreased by 24.2% (In January, there was a 31.4% decrease).

Year-to-year prices were higher.  Though these price increases seem to have moderated a little, which may indicate future increased activity. The median sales price was up by 8.6% (was up by 8.8% in January). And the average sales price increased by 2.9% (was up 10.7% in January).

The inventory of active listings increased by 106% from February last year.  This results in 3.2 months supply of inventory as compared to 1.2 months for February 2021.  We remain in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.

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

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

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

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

Florida Townhouses and Condos February 2023 Market Report