Search Results for: St Lucie County Townhouses and Condos Market Report

Florida Townhouses and Condos August 2017 Market Report

Florida Townhouses and Condos August 2017 Market Report

The Florida Townhouses and Condos Market Report for August 2017 showed continued growth when compared to last year with a nice rise in new pending sales.   Closed sales were up by 2.6% as compared to last month’s increase of 3.6% and new sales under contract (new pending sales) increased by 8.1% (In July there was a 3.6% increase).

Prices continue to go up.  Median sales prices were up by 6.3% (was up by 6.8% in July), while the average sales price increased by 5.5% (was up 9.8% in July).

The inventory of active listings decreased by 3.1% from August of last year.  For August 2017 we have 5.4 months of inventory (was 5.6 months in July) and compared to 5.7 months for August 2016.  We remain in a slight seller’s market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos August 2017 Market Report

Click on the link below or the graphic to see the full market Report report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos August 2017 Market Report

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

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

Florida Townhouses and Condos August 2017 Market Report

St Lucie County Townhouses and Condos July 2017 Market Detail

St Lucie County Townhouses and Condos July 2017 Market Detail

The St Lucie County Townhouses and Condos Market Detail for July 2017 showed some strong growth as  compared to last July.  Closed sales were up by 26.8% from last year (were down by 19.6% in June) while new pending sales were unchanged for July (was up by 33.3% in June).

Values continue to rise with the median price up by 17.5.% (was up by 4.7% in June) while the average sales price increased by 0.4% (was up by 17.9% in June).  Price rises should moderate some in the coming months.

The inventory of available townhouses and condos decreased by 7 unit from last month to 499 units, which is 1.6% less than July 2016. The current supply is 5.1 months, which is equal to  the 5.1 months of inventory last year.  The St Lucie County townhouses and condos market continues to be a sellers’ market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos July 2017 Market Detail

Click here to view or download the full report:
St Lucie County Townhouses and Condos July 2017 Market Detail

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 2017 Market Detail

Martin County Townhouses and Condos July 2017 Market Detail

Martin County Townhouses and Condos July 2017 Market Detail

Martin County Townhouses and Condos Market Detail for July 2017 continues to improve when compared to last summer.  Closed sales for the month were up by 11.1% (were down by 17.4% in June) while new sales under contract (new pending sales) were up by 14.4% from July 2016 (decreased by 12.3% in June).

Prices were mixed for July as the median sales price decreased by 4.8% (were down by 0.4% in June) while the average sales price increased by 4.9% (was down by 3.0% in June) as compared to July of 2016.  A little better than last month with both median and average price decreases.

The inventory of available townhouses and condos increased by 24 units to 420 properties as compared to last month.  This is 14.1% greater than the July 2016 inventory.  Currently, there’s a 4.5 month supply of inventory (a 21.6% increase from last year which was 3.7 months).  Still a sellers’ market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos July 2017 Market Detail

Click here to view or download the full report:
Martin County Townhouses and Condos July 2017 Market Detail

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

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

Martin County Townhouses and Condos July 2017 Market Detail

Florida Townhouses and Condos July 2017 Market Detail

Florida Townhouses and Condos July 2017 Market Detail

The Florida Townhouses and Condos Market Detail for July 2017 showed continued growth when compared to last year although at a slightly slower rate.   Closed sales were up by 3.6% as compared to last month’s increase of 4.9% and new sales under contract (new pending sales) increased by 3.6% (In June there was an 6.4% increase).

Prices rose for the month.  Median sales prices were up by 6.8% (was up by 7.2% in June), while the average sales price increased by 9.8% (was up 5.9% in June).  Back to steadily increasing values.

The inventory of active listings decreased by 1.2% from July of last year.  For July 2017 we have 5.6 months of inventory (was 5.8 months in June) and compared to 5.8 months for July 2016.  We remain in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos July 2017 Market Detail

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos July 2017 Market Detail

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

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

Florida Townhouses and Condos July 2017 Market Detail

St. Lucie County Townhouses and Condos 2017 2’nd Quarter Report

Quarterly Market Report for St. Lucie County Townhouses and Condos

2’nd Quarter 2017

Click the image below to view the full details of the St. Lucie County townhouses and condos market report data as reported by St. Lucie County Realtor for the 2’nd Quarter 2017.

St. Lucie County Townhouses and Condos 2017 2'nd Quarter Report

Sales and pending sales volume were mixed this quarter as compared to the 2’nd quarter of 2016 while prices continued to rise fairly impressively.  Active inventory decreased resulting with the Saint Lucie County townhouse and condo market in a sellers’ market.

View the entire set of data at GabeSanders.com

Mariner Cay August 2017 Market Report

Mariner Cay August 2017 Market Report

There are 8 properties on the market in Mariner Cay in Stuart FL.  2 homes and 6 condos.  List prices range from $259,900 up to $1,500,000 for an average list price of $613,983 or $253.01 per sq. ft. of living area.

1 home and 1 condo are under contract.  The home is listed for $699,900 while the condo is priced for $215,000 for an average of $457,450 which works out to $206.52 per sq. ft. of living area.  These properties averaged 246 days on the market before going under contract.

In the past 12 months, 10 properties have sold in Mariner Cay: 8 condos and 2 homes sold.  Sales prices ranged from $235,000 up to $1,050,000 for an average sales price of $447,571 which works out to $210.21 per sq. ft. of living area.  These homes and condos averaged 133 days on market before going under contract and sold for an average of 97% of the last listed price.

About the Mariner Cay Community:

Mariner Cay in Stuart, FloridaWhy 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. Martin County is home to a long list of fishing tournaments, boating activitiesand 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 form St. Lucie Inlet and the cross-roads of the Southeast Florida water-ways. The marina allows you to take advantage of the 60 mile span between its location and the Grand Bahamas Island if you are one with an adventurous spirit. The marina exemplifies the attention to details seen throughout the Mariner Cay real estate properties.

Mariner Cay real estate Stuart FL

For instance, the marina offers:

  • 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 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 marina
  • Gated 7/24 security with roving night-time guards
  • ATM, banks, and grocery shopping close by
  • At least five restaurants within easy dinghy ride
  • Boat works, one do it yourself, available on Manatee pocket
  • Free High Speed Internet and 24/7 Wi-Fi.

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 properties benefits. Mariner Cay real estate offers amenities like       Mariner Cay real estate Stuart FL

  • community pool
  • tennis courts
  • fitness center
  • cabana
  • and so much more

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.

Mariner Cay real estate Stuart FL

Search Mariner Cay Real Estate

Mariner Cay August 2017 Market Report

Martin County Townhouses and Condos June 2017 Market Detail

Martin County Townhouses and Condos June 2017 Market Detail

Martin County Townhouses and Condos Market Detail for June 2017 appears to have had a difficult June when compared to last summer.  Closed sales for the month were down by 17.4% (were up by 2.5% in May) while new sales under contract (new pending sales) were down by 12.3% from June 2016 (increased by 1.0% in May).

Prices were also off for June as the median sales price decreased by 0.4% (was up by 7.3% in May) while the average sales price decreased by 3.0% (was up by 6.4% in May) as compared to June of 2016.  This is a reversal of last months activity.

The inventory of available townhouses and condos decreased by 25 units to 396 properties as compared to last month.  This is still 4.2% greater than the June 2016 inventory.  Currently, there’s a 4.3 month supply of inventory (a 10.3% increase from last year which was 3.9 months).  Still a sellers’ market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

June 2017 Martin County Townhouses and Condos Market Report

Click here to view or download the full report:
Martin County Townhouses and Condos June 2017 Market Detail

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

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

Martin County Townhouses and Condos June 2017 Market Detail

Florida Townhouses and Condos June 2017 Market Detail

Florida Townhouses and Condos June 2017 Market Detail

The Florida Townhouses and Condos Market Detail for June 2017 showed continued growth when compared to last year.   Closed sales were up by 4.9% as compared to last month’s increase of 8.0% and new sales under contract (new pending sales) increased by 6.4% (In May there was an 8.0% increase).

Prices rose for the month.  Median sales prices were up by 7.2% (was up by 8.1% in May), while the average sales price increased by 5.9% (was up 8.0% in May).  Back to steadily increasing values.

The inventory of active listings decreased by 1.2% from June of last year.  For June 2017 we have 5.8 months of inventory (was 6.0 months in May) and compared to 5.9 months for June 2016.  We are slipping back into a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

June 2017 Florida Townhouses and Condos Market Report

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos June 2017 Market Detail

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

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

Florida Townhouses and Condos June 2017 Market Detail

St Lucie County Townhouses and Condos May 2017 Market Detail

St Lucie County Townhouses and Condos May 2017 Market Detail

The St Lucie County Townhouses and Condos Market Detail for May 2017 showed weaker sales activity when compared to last May.  Closed sales were down by 7.1% from last year (were down by 11.2% in April) while new pending sales decreased by 0.8% (was down by 10.0% in April).

Values, however, continue to rise at surprising rates with the median price up by 24.8% (was up by 35.0% in April) while the average sales price increased by 23.9% (was up by 19.6% in April).  I’ve been expecting prices to moderate for some time so these increases continue to be quite unexpected.

The inventory of available townhouses and condos decreased by 42 unit from last month to 526 units, which is 11.4% less than May 2016. The current supply is 5.6 months, which is 5.1% lower than the 5.9 months of inventory last year.  The St Lucie County townhouses and condos market has slipped back into a sellers’ market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos May 2017 Market Detail

Click here to view or download the full report:
St Lucie County Townhouses and Condos May 2017 Market Detail

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 2017 Market Detail

Martin County Townhouses and Condos May 2017 Market Detail

Martin County Townhouses and Condos May 2017 Market Detail

Martin County Townhouses and Condos Market Detail for May 2017showed continued growth in sales activity when compared to last May, though at a slow pace.  Closed sales for the month were up by 2.5% (were down by 1.5% in April) while new sales under contract (new pending sales) were up by 1.0% from May 2016 (decreased by 2.6% in April).

Prices rose for May as the median sales price increased by 7.3% (was down by 8.4% in April) while the average sales price increased by 6.4% (was down by 0.2% in April) as compared to May of 2016.  This is a reversal of last months activity.

The inventory of available townhouses and condos decreased by 11 units to 421 properties as compared to last month.  This is 0.7% greater than the May 2016 inventory.  Currently, there’s a 4.5 month supply of inventory (a 7.1% increase from last year which was 4.2 months).  Still a sellers’ market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos May 2017 Market Detail

Click here to view or download the full report:
Martin County Townhouses and Condos May 2017 Market Detail

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

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

Martin County Townhouses and Condos May 2017 Market Detail

Florida Townhouses and Condos May 2017 Market Detail

Florida Townhouses and Condos May 2017 Market Detail

The Florida Townhouses and Condos Market Detail for May 2017 showed continued growth when compared to last year.   Closed sales were up by 8.0% as compared to last month’s decrease of 4.0% and new sales under contract (new pending sales) increased by 8.0% (In April there was a 5.5% decrease).

Prices rose for the month.  Median sales prices were up by 8.1% (was up by 7.2% in April), while the average sales price decreased by 8.0% (was down 0.9% in April).  Back to steadily increasing values.

The inventory of active listings decreased by 1.5% from May of last year.  For May 2017 we have 6.0 months of inventory (was 6.1 months in April) and compared to 6.1 months for May 2016.  We remain in a balanced market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos May 2017 Market Detail

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos May 2017 Market Detail

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

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

Florida Townhouses and Condos May 2017 Market Detail

St Lucie County Townhouses and Condos April 2017 Market Detail

St Lucie County Townhouses and Condos April 2017 Market Detail

The St Lucie County Townhouses and Condos Market Detail for April 2017 showed weaker sales activity when compared to last April.  Closed sales were down by 11.2% from last year (were up by 16.1% in March) while new pending sales decreased by 10.0% (was down by 11.2% in March).

Values, however, continue to rise at surprising rates with the median price up by 35.0% (was up by 28.0% in March) while the average sales price increased by 19.6% (was up by 13.3% in March).  I’ve been expecting prices to moderate for some time so these increases continue to be quite unexpected.

The inventory of available townhouses and condos decreased by 1 unit from last month to 568 units, which is 11.4% less than April 2016. The current supply is 6.0 months, which is 7.7% lower than the 6.5 months of inventory last year.  The St Lucie County townhouses and condos market remains in a balanced. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos April 2017 Market Detail

Click here to view or download the full report:
St Lucie County Townhouses and Condos April 2017 Market Detail

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 2017 Market Detail

Martin County Townhouses and Condos April 2017 Market Detail

Martin County Townhouses and Condos April 2017 Market Detail

Martin County Townhouses and Condos Market Detail for April 2017showed weaker sales activity when compared to last April.  Closed sales for the month were down by 1.5% (were down by 2.5% in March) while new sales under contract (new pending sales) were down by 2.6% from April 2016 (increased by 8.8% in March).

Prices were also down again for April as the median sales price decreased by 8.4% (was down by 13.0% in March) while the average sales price decreased by 0.2% (was down by 19.6% in March) as compared to April of 2016.  After the rapid rise in prices for the past two years, this correction is not unexpected.

The inventory of available townhouses and condos decreased by 13 units to 432 properties as compared to last month.  This is still 6.7% greater than the April 2016 inventory.  Currently, there’s a 4.6 month supply of inventory (a 12.2% increase from last year which was 4.1 months).  Still a sellers’ market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos April 2017 Market Detail

Click here to view or download the full report:
Martin County Townhouses and Condos April 2017 Market Detail

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

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

Martin County Townhouses and Condos April 2017 Market Detail

Florida Townhouses and Condos April 2017 Market Detail

Florida Townhouses and Condos April 2017 Market Detail

The Florida Townhouses and Condos Market Detail for April 2017 showed weaker activity for April when compared to last year.   Closed sales were down by 4.0% as compared to last month’s increase of 11.4% and new sales under contract (new pending sales) decreased by 5.5% (In March there was a 7.1% increase).

Prices were mixed for the month.  Median sales prices were up by 7.2% (was up by 9.4% in March), while the average sales price decreased by 0.9% (was up 10.7% in March).  Some weakness after many months of increases.

The inventory of active listings decreased by 1.3% from April of last year.  For April 2017 we have 6.1 months of inventory (was 6.3 months in March) and compared to 6.2 months for April 2016.  We remain in a balanced market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos April 2017 Market Detail

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos April 2017 Market Detail

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

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

Florida Townhouses and Condos April 2017 Market Detail

St. Lucie County Townhouses and Condos 2017 1’st Quarter Report

Quarterly Market Report for St. Lucie County Townhouses and Condos

1’st Quarter 2017

Click the image below to view the full details of the St. Lucie County townhouses and condos market report data as reported by St. Lucie County Realtor for the 1’st Quarter 2017.

St. Lucie County Townhouses and Condos 2017 1'st Quarter Report

Sales and pending sales volume was up slightly this quarter as compared to the 1’st quarter of 2016 while prices continued to rise fairly impressively.  Active inventory decreased making the Saint Lucie County townhouse and condo market in a slight sellers’ market.

View the entire set of data at GabeSanders.com

St Lucie County Townhouses and Condos March 2017 Market Detail

St Lucie County Townhouses and Condos March 2017 Market Detail

The St Lucie County Townhouses and Condos Market Detail for March 2017 showed another month of strong gains.  Closed sales were up by 16.1% from last year (was up 1.4% in February) while new pending sales decreased by 0.6% (was up by 5.8% in February).

Values continue to rise impressively with the median price up by 28.0% (was up by 41.6% in February) while the average sales price increased by 13.3% (was up by 17.5% in February).  I’ve been expecting prices to moderate for some time so these increases are surprising.

The inventory of available townhouses and condos decreased by 36 units from last month to 569 units, which is 13.1% less than March 2016. The current supply is 5.9 months, which is 10.6% lower than the 6.6 months of inventory last year.  The St Lucie County townhouses and condos is slipping back into a sellers market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos March 2017 Market Detail

Click here to view or download the full report:
St Lucie County Townhouses and Condos March 2017 Market Detail

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 2017 Market Detail

Martin County Townhouses and Condos March 2017 Market Detail

Martin County Townhouses and Condos March 2017 Market Detail

Martin County Townhouses and Condos Market Detail for March 2017 had a bit slower closed sales for the month as compared to last year, while new pending activity looks good.  Closed sales for the month were down by 2.5% (was up by 1.0% in February) while new sales under contract (new pending sales) were up by 8.8% from March 2016 (decreased by 6.8% in February).

Prices were down again for March as the median sales price decreased by 13.0% (was down by 2.2% in February) while the average sales price decreased by 19.6% (was down by 14.4% in February) as compared to March of 2016.  Not totally unexpected with the rapid rise of prices for the past three years as there may be a small correction taking place.  Though this market is till active.

The inventory of available townhouses and condos decreased by 26 units to 445 properties as compared to last month.  This is 12.9% greater than the March 2016 inventory.  Currently, there’s a 4.7 month supply of inventory (a 17.5% increase from last year which was 4.0 months).  Still a sellers market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos March 2017 Market Detail

Click here to view or download the full report:
Martin County Townhouses and Condos March 2017 Market Detail

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

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

Martin County Townhouses and Condos March 2017 Market Detail

Florida Townhouses and Condos March 2017 Market Detail

Florida Townhouses and Condos March 2017 Market Detail

The Florida Townhouses and Condos Market Detail for March 2017 continued with strong sales activity.   Closed sales were up by 11.4% as compared to last months increase of 4.1% and new sales under contract (new pending sales) increased by 7.1% (In February there was a 0.5% increase).

Values continued to increase though at a strong pace.  Median sales prices were up by 9.4% (was up by 11.7% in February), while the average sales price increased by 10.7% (was up 8.5% in February).  As sales activity decreases and if inventory continues to increase, I expect these prices to continue to moderate, though they are staying pretty resilient at this time.

The inventory decreased by 0.1% from March of last year.  For March 2017 we have 6.3 months of inventory (was  6.4 months in February) and compared to 6.2 months for March 2016.  We remain in a balanced market for Florida townhouse and condo sales but are drifting slowly towards a buyers market in the past year. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos March 2017 Market Detail

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos March 2017 Market Detail

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

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

Florida Townhouses and Condos March 2017 Market Detail

St Lucie County Townhouses and Condos February 2017 Market Detail

St Lucie County Townhouses and Condos February 2017 Market Detail

The St Lucie County Townhouses and Condos Market Detail for February 2017 showed a stronger month from last year as well as last month.  Closed sales were up by 1.4% from last year (was down 12.3% in January) while new pending sales increased by 5.8% (was up by 2.0% in January).

Values shot higher for February with the median price up by 41.6% (was up by 11.1% in January) while the average sales price increased by 17.5% (was down by 1.4% in January).  I’ve been expecting prices to moderate for some time so this increase was quite a surprise.

The inventory of available townhouses and condos increased by 20 units from last month to 604 units, which is 9.3% less than February 2016. The current supply is 6.3 months, which is 4.5% lower than the 6.6 months of inventory last year.  The St Lucie County townhouses and condos continues as a balanced market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos February 2017 Market Detail

Click here to view or download the full report:
St Lucie County Townhouses and Condos February 2017 Market Detail

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 2017 Market Detail

Martin County Townhouses and Condos February 2017 Market Detail

Martin County Townhouses and Condos February 2017 Market Detail

Martin County Townhouses and Condos Market Detail for February 2017 continued with good closed activity and weaker future activity with reduced pending sales.  Closed sales for the month were up by 1.0% (was up by 28.6% in January) while new sales under contract (new pending sales) were down by 6.8% from February 2016 (decreased by 15.6% in January).

Prices were down again for February as the median sales price decreased by 2.2% (was down by 15.6% in January) while the average sales price decreased by 14.4% (was down by 17.2% in January) as compared to February of 2016.  Not totally unexpected with the rapid rise of prices for the past three years as there may be a small correction taking place.  Though this market is till active.

The inventory of available townhouses and condos decreased by 14 units to 471 properties as compared to last month.  This is 16.0% greater than the February 2016 inventory.  Currently, there’s a 5.0 month supply of inventory (a 22.0% increase from last year which was 4.1 months).  Still a sellers market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos February 2017 Market Detail

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Martin County Townhouses and Condos February 2017 Market Detail

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

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

Martin County Townhouses and Condos February 2017 Market Detail