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

Florida Townhouses and Condos December 2023 Market Report

02.02.24 by

Florida Townhouses and Condos December 2023 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 6.2% compared to last month’s increase of 0.3%.  New sales under contract (new pending sales) decreased by 5.5% (In November, there was a 1.2% decrease).

Prices were up for December compared to last year. The median sales price was up by 6.5% for December (was up by 7.5% in November). And the average sales price increased by 10.4% (was up by 3.9% in November).

The inventory of active listings increased by 52.6% from December last year.  This results in a 5.1 months supply of inventory as compared to 2.8 months for December 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 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 December 2023 Market Report
Florida Townhouses and Condos December 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 December 2023 Market Report

St. Lucie County Townhouses and Condos 2023 4th Quarter Report

01.31.24 by

St. Lucie County Townhouses and Condos 2023 4th Quarter Report

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 4th Quarter of 2023.

St. Lucie County Townhouses and Condos 2023 4th Quarter Report

For the 4th quarter of 2023, the Saint Lucie Count townhouses and condo real estate market showed improved sales activity along with moderating price increases. The inventory continues to grow and buyers seem to be returning to this segment of the Florida real estate market. I sense a turnaround in this market and that we are reentering into a historically normal real estate market.

Click here to view/download the full report

View the entire set of data at GabeSanders.com

Click to view previous St Lucie County quarterly reports

St. Lucie County Townhouses and Condos 2023 4th Quarter Report

St Lucie County Townhouses and Condos Sales 2023 Yearly Review

01.25.24 by

St Lucie County Townhouses and Condos Sales 2023 Yearly Review

The St Lucie County Townhouses and Condos Sales for 2023 continues to show weaker sales activity compared to previous years. The real estate market has experienced numerous issues such as prices that rose too rapidly and increasing mortgage rates. Though the sales numbers are improving from the previous year, signaling that a turnaround may be underway. Year-to-year closed sales were down by 10.5% as compared to 2022 which saw a decrease of 27.3% and new sales under contract (new pending sales) decreased by 5.3% (2022 saw a decrease of 28.7%).

St Lucie County Townhouses and Condos Sales 2023 Yearly Review
Click the image for the full report

Prices were up when compared to last year, however, these prices are not rising as fast as in previous years. The median sales price increased by 8.9% compared to the 19.1% rise last year. The average sales price was up by 0.8% as compared to the 20.0% increase in 2022.

Inventory increased by 91.1% as compared to 2022’s increase of 99.3%. At the same time, the monthly supply of inventory rose to 6.4 months as compared to 3.0 months for 2022.  Entering into a balanced market for Saint Lucie County townhouses and condos after a long stretch of being in a seller’s market.

 To view the full report click on the graphic above or the link below:
St Lucie County Townhouse and Condo Sales for 2023

View previous St Lucie County Yearly Reviews Here!

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 Sales 2023 Yearly Review

Martin County Townhouses and Condos Sales 2023 Yearly Review

01.23.24 by

Martin County Townhouses and Condos Sales 2023 Yearly Review

The Martin County Townhouses and Condos Sales for 2023 is now showing the turnaround the real estate market has experienced with prices that rose too rapidly and increasing mortgage rates. Though the numbers are improving from the previous year, signaling that a turnaround may be underway. Year-to-year closed sales were down by 5.5% as compared to 2022 which were down by 20.8% and new sales under contract (new pending sales) increased by 1.8% (2022 saw a decrease of 25.9%).

Martin County Townhouses and Condos Sales 2023 Yearly Review
Click on the image to view the full report

Both median and average sales prices were up (year to year) by 5.4% and 9.9% respectively (2022 numbers were 31.5% and 18.3%).  However, prices are not rising as fast as in previous years.

Inventory increased by 54.3% as compared to 2022’s decrease of 282.9%. And the supply of inventory rose to 5.2 months as compared to 3.7 months for 2022.  Still a seller’s market for Martin County townhouses and condos, but approaching a balanced market.

 To view the full report click on the graphic above or the link below:
Martin County Townhouse and Condo Sales 2023 Yearly Review

Here are the previous Martin County yearly reviews!

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.

Martin County Townhouses and Condos Sales 2023 Yearly Review

Florida Townhouses and Condos Sales 2023 Yearly Review

01.21.24 by

Florida Townhouses and Condos Sales 2023 Yearly Review

The Florida Townhouses and Condos Sales for 2023 continues to show weaker sales activity compared to previous years. The real estate market has experienced numerous issues with prices that rose too rapidly, increasing mortgage rates, and worries about an upcoming recession. Year-to-year closed sales were down by 16.0% compared to 2022 which saw a decrease of 21.7% and new sales under contract (new pending sales) decreased by 13.2% (2022 saw a decrease of 26.4%).

Florida Townhouses and Condos Sales 2023 Yearly Review
Florida Townhouses and Condos Sales 2023 Yearly Review

Both median and average sales prices were up (year to year) by 5.2% and 3.9% respectively (2022 numbers were 21.6% and 16.3%).  However, prices are not rising as fast as in previous years.

Inventory increased by 52.6% as compared to 2022’s increase of 65.0%. And, the supply of properties rose to 5.1 months as compared to 2.8 months in 2022.  Still a sellers’ market for Florida townhouses and condos, though approaching a balanced market.

 Click here to view or download the full report: 
Townhouses and Condos Sales in Florida for 2023

View previous Florida Townhouses and Condos Yearly Reviews Here!

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 Sales 2023 Yearly Review

Schooner Oaks Real Estate Market Report January 2024

01.02.24 by

Schooner Oaks Real Estate Market Report January 2024

As of January 2024, there are 8 homes for sale in Schooner Oaks in Rocky Point in Stuart, FL. The list prices ranged from $359,000 up to $990,000. This is an average list price of $495,875 or $284.01 per sq. ft. of living area.

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

In the past 12 months, 4 Schooner Oaks homes have sold. The sales prices ranged from $410,000 up to $1,250,000. This works out to an average sales price of $655,000 which equals $374.03 per sq. ft. of living area. These homes went under contract in an average of 34 days after being listed. And, they sold for an average of 99% 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 January 2024

St Lucie County Townhouses and Condos November 2023 Market Report

12.26.23 by

St Lucie County Townhouses and Condos November 2023 Market Report

The St Lucie County Townhouses and Condos market showed slightly weaker sales activity when compared to last year. We continue to face headwinds with economic uncertainties, though at least mortgage rates may have peaked. Closed sales were down by 1.4% from last year (were up by 36.8% in October). New pending sales were up by 68.6% (they were down by 8.6% last month).

Prices were mixed for November. The median price increased by 1.6% from last year (was up by 12.5% in October) and the average sales price decreased by 15.1% (was up by 12.8% % in October).

The available townhouses and condos inventory increased by 63 units from last month to 525 residences. This is a 71.6% greater inventory than we had in November 2022. The current inventory supply is 6.1 months, as compared to 3.1 months of inventory last year.  The St Lucie County townhouses and condos real estate market has entered into a balanced 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 November 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 November 2023 Market Report

Martin County Townhouses and Condos November 2023 Market Report

12.23.23 by

Martin County Townhouses and Condos November 2023 Market Report

The Martin County Townhouses and Condos real estate market showed weaker sales activity when compared to last year. We continue to encounter headwinds of economic uncertainties, though mortgage rates have appeared to peak. Closed sales for the month were down by 21.4%.  They were down by 30.9% in October.  New sales under contract (new pending sales) were up by 21.7% from last year.  They were up by 13.3% in October.

Prices were up for November.  The median sales price increased by 7.3% (was down by 1.6% last month). And, the average sales price increased by 17.3% (was up by 24.2% in October).

The available townhouses and condos inventory increased by 47 units to 423 properties.  This is a 47.9% greater supply of inventory than we had in November 2022.  Currently, there’s a 5.0 month supply of inventory (compared to 3.0 months for November 2022).  We remain in a seller’s market for townhouses and condos in Martin County, though trending towards a more balanced market. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.

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

Martin County Townhouses and Condos November 2023 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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

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

Martin County Townhouses and Condos November 2023 Market Report

Florida Townhouses and Condos November 2023 Market Report

12.21.23 by

Florida Townhouses and Condos November 2023 Market Report

Florida Townhouses and Condos real estate market report had marginally improved sales activity when compared to last year. The inventory numbers are growing (though not as quickly as in the previous few months), but we are facing headwinds with economic uncertainties, though mortgage rates appear to have peaked and starting to decrease. Closed sales were up by 0.3% compared to last month’s decrease of 2.9%.  New sales under contract (new pending sales) decreased by 1.2% (In October, there was a 1.4% increase).

Prices were up for November compared to last year. The median sales price was up by 7.5% for November (was up by 3.9% in October). And the average sales price increased by 3.9% (was up by 11.3% in October).

The inventory of active listings increased by 49.8% from November last year.  This results in a 5.0 months supply of inventory as compared to 2.7 months for November 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 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 November 2023 Market Report
Florida Townhouses and Condos November 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 November 2023 Market Report

Crestwood Townhomes Real Estate Market Report December 2023

12.18.23 by

Crestwood Townhomes Real Estate Market Report December 2023

There are no townhomes available for purchase in the Crestwood townhome community of Stuart FL in December 2023.

There are also no Crestwood townhomes currently under contract.

In the past 12 months, 3 Crestwood townhome condos have sold. The sales prices ranged from $340,000 to $386,000. This is an average sales price of $366,667 which equals $197.09 per sq. ft. of living area. These homes sold for an average of 96% of the last list price. And, they went under contract in an average of 74 days after being listed.

Click here to view the previous Crestwood market report!

About Crestwood Townhome Condos:

Crestwood Townhomes in Stuart Florida
Google Earth image

The townhome community of Crestwood in Stuart FL consists of 36 townhouses that are deeded under condo rules. There are 9 buildings, each with 4 homes. This complex had the first units completed in 1983 with a couple of the buildings finished in 2003 and 2006.

Crestwood Townhomes in Stuart Florida

All of these townhomes are spacious units with a minimum of 2 bedrooms and 2 and ½ baths of 1.634 sq. ft. and two-car garages up to 3 bedroom (possibly 4 bedroom) 2 and ½ bath units with 2,377 sq. ft. of living area and a 2 car garage.

The condo fees are $440 per month, which includes building insurance and maintenance of the outside, common area maintenance, insurance, pest control, landscaping, and lawn maintenance, reserve funds, and roofs. There is a community pool with a gazebo and barbecue area.

All ages are welcome and 1 medium-sized pet is OK. Rentals are permitted after 1 year of ownership. Children are zoned for Pinewood Elementary School, David L. Anderson Middle School, and South Fork High School.

Crestwood Townhomes in Stuart Florida

This complex is located on the corner of Cove Road and Kanner Highway making for easy access to I-95 for those needing to commute to points south or north. West Palm Beach is only 30 minutes away while both Miami and Orlando are approximately a 2-hour trip.

There’s a Publix shopping center just down the street and the Manatee Pocket can be reached in only minutes for those interested in boating or some great fresh seafood restaurants. Historic downtown Stuart FL is only 15 minutes away and only a few minutes further to the crystal clear blue waters of the Atlantic Ocean beaches.

Come to see why these Crestwood Condo-Townhomes are such an excellent opportunity.

Search Links:

Click here to see if any Crestwood Condo-Townhomes are available for sale

Crestwood Condo Townhomes for sale

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.

Crestwood Townhomes Real Estate Market Report December 2023

St Lucie County Townhouses and Condos October 2023 Market Report

11.28.23 by

St Lucie County Townhouses and Condos October 2023 Market Report

The St Lucie County Townhouses and Condos market showed stronger sales activity when compared to last year. We continue to face headwinds with economic uncertainties, though at least mortgage rates may have peaked. Closed sales were up by an impressive 36.8% from last year (were unchanged in September). New pending sales were up by 8.6% (they were down by 6.3% last month).

Prices were up for October. The median price increased by 12.5% from last year (was up by 14.5% in September) and the average sales price increased by 12.8% (was up by 7.8% % in September).

The available townhouses and condos inventory increased by 58 units from last month to 463 residences. This is a 78.8% greater inventory than we had in October 2022. The current inventory supply is 5.4 months, as compared to 2.5 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 October 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 October 2023 Market Report

Martin County Townhouses and Condos October 2023 Market Report

11.26.23 by

Martin County Townhouses and Condos October 2023 Market Report

The Martin County Townhouses and Condos real estate market showed weaker sales activity when compared to last year. We continue to encounter headwinds of economic uncertainties, though mortgage rates have appeared to peak. Closed sales for the month were down by 30.9%.  They were down by 15.5% in September.  New sales under contract (new pending sales) were up by 13.3% from last year.  They were down by 10.4% in September.

Prices were mixed for October.  The median sales price decreased by 1.6% (was down by 4.7% last month). And, the average sales price increased by 24.2% (was up by 1.1% in September).

The available townhouses and condos inventory increased by 41 units to 376 properties.  This is a 53.5% greater supply of inventory than we had in October 2022.  Currently, there’s a 4.4-month supply of inventory (compared to 2.6 months for October 2022).  We remain in a seller’s market for townhouses and condos in Martin County, though trending towards a more balanced market. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.

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

Martin County Townhouses and Condos October 2023 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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

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

Martin County Townhouses and Condos October 2023 Market Report

Florida Townhouses and Condos October 2023 Market Report

11.24.23 by

Florida Townhouses and Condos October 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 economic uncertainties, though mortgage rates appear to have peaked and starting to decrease. Closed sales were down by 2.9% compared to last month’s decrease of 0.2%.  New sales under contract (new pending sales) increased by 1.4% (In September, there was a 0.6% decrease).

Prices were up for October compared to last year. The median sales price was up by 3.9% for October (was up by 5.8% in September). And the average sales price increased by 8.5% (was up by 4.7% in September).

The inventory of active listings increased by 44.6% from October last year.  This results in a 4.6-month supply of inventory as compared to 2.5 months for October 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 October 2023 Market Report
Florida Townhouses and Condos October 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 October 2023 Market Report

St. Lucie County Townhouses and Condos 2023 3rd Quarter Report

10.30.23 by

St. Lucie County Townhouses and Condos 2023 3rd Quarter Report

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 3rd Quarter of 2023.

St. Lucie County Townhouses and Condos 2023 3rd Quarter Report

For the 3rd quarter of 2023, the Saint Lucie Count townhouses and condo real estate market bucked the trend of reduced sales volume with an increase in closed sales. Prices were also up for the quarter. Inventory is continuing to increase and this may have helped with the increase in sales for the quarter.  However, I believe we are a long way from seeing a more vibrant Saint Lucie County real estate market.

Click here to view/download the full report

View the entire set of data at GabeSanders.com

Click to view previous St Lucie County quarterly reports

St. Lucie County Townhouses and Condos 2023 3rd Quarter Report

St Lucie County Townhouses and Condos September 2023 Market Report

10.24.23 by

St Lucie County Townhouses and Condos September 2023 Market Report

The St Lucie County Townhouses and Condos market showed slightly weaker sales activity when compared to last year. We continue to face headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were unchanged from last year (were up by 38.3% in August). New pending sales were down by 6.3% (they were up by 31.7% last month).

Prices were up for September. The median price increased by 14.5% from last year (was up by 18.2% in August) and the average sales price increased by 7.8% (was up by 13.9% % in August).

The available townhouses and condos inventory increased by 29 units from last month to 405 residences. This is a 68.8% greater inventory than we had in September 2022. The current inventory supply is 4.8 months, as compared to 2.2 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.

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 September 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 September 2023 Market Report

Martin County Townhouses and Condos September 2023 Market Report

10.22.23 by

Martin County Townhouses and Condos September 2023 Market Report

The Martin County Townhouses and Condos real estate market showed weaker sales activity when compared to last year. We continue to encounter headwinds of increasing mortgage rates and other economic uncertainties. Closed sales for the month were down by 15.5%.  They were up by 4.4% in August.  New sales under contract (new pending sales) were down by 10.4% from last year.  They were down by 19.2% in August.

Prices were mixed for September.  The median sales price decreased by 4.7% (was down by 4.4% last month). And, the average sales price increased by 1.1% (was up by 4.8% in August).

The available townhouses and condos inventory increased by 44 units to 335 properties.  This is a 54.4% greater supply of inventory than we had in September 2022.  Currently, there’s a 3.8-month supply of inventory (compared to 2.3 months for September 2022).  We remain in a seller’s market for townhouses and condos in Martin County, though trending towards a more balanced market. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.

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

Martin County Townhouses and Condos September 2023 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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

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

Martin County Townhouses and Condos September 2023 Market Report

Florida Townhouses and Condos September 2023 Market Report

10.20.23 by

Florida Townhouses and Condos September 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 0.2% compared to last month’s decrease of 7.2%.  New sales under contract (new pending sales) decreased by 0.6% (In August, there was a 11.0% decrease).

Prices were up for September compared to last year. The median sales price was up by 5.8% for September (was up by 6.2% in August). And the average sales price increased by 4.7% (was up by 10.8% in August).

The inventory of active listings increased by 36.4% from September last year.  This results in a 4.1-month supply of inventory as compared to 2.3 months for September 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 September 2023 Market Report
Florida Townhouses and Condos September 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 September 2023 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

Martin County Townhouses and Condos August 2023 Market Report

09.24.23 by

Martin County Townhouses and Condos August 2023 Market Report

The Martin County Townhouses and Condos real estate market showed slightly improved closed activity when compared to last year. Even as we continue to encounter headwinds of increasing mortgage rates and other economic uncertainties. Closed sales for the month were up by 4.4%.  They were up by 30.8% in July.  New sales under contract (new pending sales) were down by 19.2% from last year.  They were up by 2.2% in July.

Prices were mixed for August.  The median sales price decreased by 4.4% (was up by 2.9% last month). And, the average sales price increased by 4.8% (was up by 42.1% in July).

The available townhouses and condos inventory increased by 11 units to 291 properties.  This is a 55.0% greater supply of inventory than we had in August 2022.  Currently, there’s a 3.3-month supply of inventory (compared to 2.1 months for August 2022).  We remain in a seller’s market for townhouses and condos in Martin County, though trending towards a more balanced market. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.

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

Martin County Townhouses and Condos August 2023 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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

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

Martin County Townhouses and Condos 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