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September 2016 Monthly Market Detail Martin County Single Family Homes

10.28.16 by

September 2016 Monthly Market Detail Martin County Single Family Homes

The September 2016 Monthly Market Detail Martin County Single Family Homes continues to show reduced sales volume when compared to last years figures, yet remains a strong market.  Closed sales were down by 9.2% (was down by 9.1% in August). New pending sales decreased by 1.6% as compared to September of 2015 (Decreased by 7.8% in August).

For September there were mixed signals about prices with the median sales price rising by 12.4% from last year (up by 0.5% in August) while the average price decreased by 8.1% (was up by 2.2% last month).   Typically this is a result of higher prices in the lower valued range of home sales and fewer sales in the luxury market.

The inventory of available single family homes decreased from last month by 14 homes to 985 units for September,  this is 8.7% greater than last September.  Current supply of homes is 5.0 months, for September of last year it was a 4.3 months supply. (This is a 16.3% increase from last year).  Still a sellers market for Martin County single family home sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

September 2016 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:
September 2016 Monthly Market Detail Martin County Single Family Homes

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

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

September 2016 Monthly Market Detail Martin County Single Family Homes

September 2016 Monthly Market Detail Florida Townhouses and Condos

10.27.16 by

September 2016 Monthly Market Detail Florida Townhouses and Condos

The September 2016 Monthly Market Detail Florida Townhouses and Condos had a weaker month for sale activity as compared to last year.   Closed sales were down by 3.9% as compared to last months increase of 3.3% and new sales under contract (new pending sales) decreased by 5% (In August there was a 6.1% decrease).

Price changes were mixed this month with the median prices rising while average prices declined..  Median sales prices were up by 6.7% (was also up by 6.7% in August), while the average sales price decreased by 2.9% (was up 3.4% in August).  As sales activity decreases and if inventory continues to increase, I expect these prices to continue to moderate.

The inventory increased by 9.3% from September of last year.  For August 2016 we have 5.8 months of inventory (was also 5.8 months in August) and compared to 5.1 for September 2015.  We are approaching 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.

September 2016 Monthly Market Detail Florida Townhouses and Condos

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:
September 2016 Monthly Market Detail Florida Townhouses and Condos

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

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

September 2016 Monthly Market Detail Florida Townhouses and Condos

September 2016 Monthly Market Detail Florida Single Family Homes

10.26.16 by

September 2016 Monthly Market Detail Florida Single Family Homes

The September 2016 Monthly Market Detail Florida Single Family Homes showed slightly weaker sales activity from last year.  Closed sales were down by 0.5% (was up by 8.2% in August) and new sales under contract (new pending sales) were down by 4.8% (was down by 1.1% in August).

Both the median and average sales prices, though, continue to rise from September 2015 to September 2016.  Up by 11.3% and 6.8% respectively, compared to August’s 12.6% and 9.3%.  I expect the rate of price increases to moderate of sales continue to slow and if inventory begins to rise.

The inventory of available homes for sale fell by 1.6% from last year.  For September there was only a 4.2 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (September of 2015 had a 4.3 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

September 2016 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

September 2016 Monthly Market Detail Florida Single Family Homes

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

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

September 2016 Monthly Market Detail Florida Single Family Homes

August 2016 Monthly Market Detail St Lucie County Townhouses and Condos

10.01.16 by

August 2016 Monthly Market Detail St Lucie County Townhouses and Condos

The August 2016 Monthly Market Detail St Lucie County Townhouses and Condos picked up a little from last month and remains active.  Closed sales were down 3.8% from last year (was down 22.6% in July) while new pending sales decreased by 2.9% (was down by 2.6% in July).

Prices on the other hand went back to increasing after last month with the median price up by 23.0% (was down by 18.8 in July) while the average sales price increased by 10.8% (decreased 1.7% in July).  These increases were unexpected as I don’t expect prices to rise quite this fast year to year in the future.  Though, I also don’t expect them to decline anytime soon either.

The inventory of available townhouses and condos increased by 17 units from last month to 526 units, which is only 1.7% less than August 2015. The current supply of inventory is 5.3 months, which is just a little more than the 5.2 months of inventory last year.  The St Lucie County townhouses and condos continues to be in a sellers market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

August 2016 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
August 2016 Monthly Market Detail St Lucie County Townhouses and Condos

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

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

August 2016 Monthly Market Detail St Lucie County Townhouses and Condos

August 2016 Monthly Market Detail St Lucie County Single Family Homes

09.30.16 by

August 2016 Monthly Market Detail St Lucie County Single Family Homes

August 2016 Monthly Market Detail St Lucie County Single Family Homes showed some improvement in closed sales from last month and last year while new pending sales are still down from last year.  Closed sales were up by 8.3% (in July they were down by 9.0%) and new sales under contract (new pending sales) decreased by 15.1% (they were down by 10.0% last month).

Though, prices continue their upward march at very strong rates.  The median and average sales prices up by 18.7% and 20.2% respectively from last August (For July these numbers were 13.0% and 15.2%).  While these are very good results for sellers, they make me a little nervous as rates of increase this high may result in lower affordability of homes and subsequently less sales in the future.

Active listings increased by 137 homes to 1,614 homes.  This inventory is 9.6% higher than last year.  The current supply of homes is at 3.6 months (3.3 months for August of 2015). The St Lucie County single family home market remains in a very strong sellers market.  A balanced market is one with a 6 to 7 month supply of inventory.

August 2016 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
August 2016 Monthly Market Detail St Lucie County Single Family Homes

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

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

August 2016 Monthly Market Detail St Lucie County Single Family Homes

August 2016 Monthly Market Detail Martin County Townhouses and Condos

09.29.16 by

August 2016 Monthly Market Detail Martin County Townhouses and Condos

August 2016 Monthly Market Detail Martin County Townhouses and Condos had reduced sales volume and prices for August yet still remains a very active market.  Closed sales were up for this month, decreased by 4.8% (was up by 4.7% in July) while new sales under contract (new pending sales) were down by 8.7% from August 2014 (decreased by 15.2% in July).

Prices were also off for August as the median sales price decreased by 9.3% (was up by 8.8% in July) while the average sales price decreased by 8.2% (was up by 4.1% in July) as compared to August of 2015.  I think this is just a temporary situation as I feel prices will continue to rise for the near future.

The inventory of available townhouses and condos increased by 7 units to 377 properties as compared to last month.  This is 16.7% greater than the August 2015 inventory.  Currently, there’s a 3.9 month supply of inventory (an 25.8% increase from last year).  Still a strong 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.

August 2016 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
August 2016 Monthly Market Detail Martin County Townhouses and Condos

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

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

August 2016 Monthly Market Detail Martin County Townhouses and Condos

August 2016 Monthly Market Detail Martin County Single Family Homes

09.28.16 by

August 2016 Monthly Market Detail Martin County Single Family Homes

The August 2016 Monthly Market Detail Martin County Single Family Homes continues to show reduced sales volume when compared to last years figures, yet remains a strong market.  Closed sales were down by 9.1% (was down by 9.5% in July). New pending sales decreased by 7.8% as compared to August of 2015 (Decreased by 22.3% in July).

Both median and average sales prices moderated for August.  The median sales price was down by 0.5% from last year (up by 6.1% in July) while the average price increased by 2.2% (was up by 13.8% last month).  As I’ve mentioned in my earlier market reports, this reduction in price increases was expected as the inventory increased.  (Basic laws of supply and demand.)

The inventory of available single family homes increased from last month by 12 homes to 999 units for August,  this is 13.7% greater than last August.  Current supply of homes is 5.0 months, for August of last year it was a 4.2 months supply. (This is a 19.0% increase from last year).  Still a sellers market for Martin County single family home sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

August 2016 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:
August 2016 Monthly Market Detail Martin County Single Family Homes

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

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

August 2016 Monthly Market Detail Martin County Single Family Homes

August 2016 Monthly Market Detail Florida Townhouses and Condos

09.27.16 by

August 2016 Monthly Market Detail Florida Townhouses and Condos

The August 2016 Monthly Market Detail Florida Townhouses and Condos continues to show improvement over the previous year and had improved results from the past few months as well.   Closed sales were up by 3.3% as compared to last months decrease of 11.5% and new sales under contract (new pending sales) decreased by 6.1% (In July there was a 11.3% decrease).

Prices continue to go up, though not as fast as previous months.  Median sales prices were up by 6.7% (was up by 6.8% in July), while the average sales price increased only by 3.4% (was up 0.4% in July).  These price rises should continue but generally not at a very high rate.

The inventory increased by 9.3% from August of last year.  For July 2016 we have 5.8 months of inventory (was 5.9 months in July) and compared to 5.2 for August 2015.  We are currently in a very slight 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.

August 2016 Monthly Market Detail Florida Townhouses and Condos

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:
August 2016 Monthly Market Detail Florida Townhouses and Condos

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

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

August 2016 Monthly Market Detail Florida Townhouses and Condos

August 2016 Monthly Market Detail Florida Single Family Homes

09.26.16 by

August 2016 Monthly Market Detail Florida Single Family Homes

The August 2016 Monthly Market Detail Florida Single Family Homes rebounded a bit from last month.  Closed sales were up by 8.2% (was down by 8.0% in July) and new sales under contract (new pending sales) were down by 1.1% (was down by 9.6% in July).

Both median and average sales prices continue to rise ( August 2015 to August 2016) by 12.6% and 9.3% respectively, compared to July’s 11.6% and 8.0%.  These price rises continue to be a bit to high to be sustainable for a long period of time.

The inventory of available homes for sale fell by 1.8% from last year.  If prices continue to rise rapidly, I expect the inventory to expand in the future.  For August there was only a 4.2 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (August of 2015 had a 4.4 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

August 2016 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

August 2016 Monthly Market Detail Florida Single Family Homes

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

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

August 2016 Monthly Market Detail Florida Single Family Homes

July 2016 Monthly Market Detail St Lucie County Townhouses and Condos

09.05.16 by

July 2016 Monthly Market Detail St Lucie County Townhouses and Condos

The July 2016 Monthly Market Detail St Lucie County Townhouses and Condos had slower closed and pending activity when compared to last year.  Closed sales were down 22.6% from last year (was up 5.7% in June) while new pending sales decreased by 2.6% (was down by 14.8% in June).

Prices also took a hit for July with the median sales price decreasing by 18.8% (was up by 23.6 in June) while the average sales price decreased by 1.7% (decreased 1.4% in June).  I don’t expect prices to decrease very much but, the previous rate of increases were unsustainable.

The inventory of available townhouses and condos decreased by 57 units from last month to 509 units, which is only 7.8% less than July 2015. The current supply of inventory dropped to 5.1 months, which is less than the 5.4 months of inventory last year.  The St Lucie County townhouses and condos continues to be in a sellers market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

July 2016 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
July 2016 Monthly Market Detail St Lucie County Townhouses and Condos

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

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

July 2016 Monthly Market Detail St Lucie County Townhouses and Condos

July 2016 Monthly Market Detail St Lucie County Single Family Homes

09.04.16 by

July 2016 Monthly Market Detail St Lucie County Single Family Homes

July 2016 Monthly Market Detail St Lucie County Single Family Homes showed reduced sales volume as compared to last year much like it’s neighboring counties and the state of Florida.  Closed sales were down by 9.0% (in June they were up by 8.9%) and new sales under contract (new pending sales) decreased by 10.0% (they were up by 2.2% last month).

Though, prices continue their upward march at some pretty impressive numbers.  The median and average sales prices up by 13.0% and 15.2% respectively from last July (For June these numbers were 12.8% and 19.2%).

Active listings fell by 39 homes to 1,477 homes.  This inventory is 2.3% less than last year.  The current supply of homes is at 3.3 months (the same as last year). The St Lucie County single family home market remains in a very strong sellers market.  A balanced market is one with a 6 to 7 month supply of inventory.

July 2016 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
July 2016 Monthly Market Detail St Lucie County Single Family Homes

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

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

July 2016 Monthly Market Detail St Lucie County Single Family Homes

July 2016 Monthly Market Detail Martin County Townhouses and Condos

09.03.16 by

July 2016 Monthly Market Detail Martin County Townhouses and Condos

July 2016 Monthly Market Detail Martin County Townhouses and Condos continues showing some uneven sales volumes.  Closed sales were up for this month, increased by 4.7% (was down by 5.0% in June) while new sales under contract (new pending sales) were down by 15.2% from July 2014 (increased by 39.1% in June).

Prices, however continued with strong increase as the median sales price increased by 8.8% (was down by 5.7% in June) while the average sales price increased by 4.1% (was down by 5.4% in June) as compared to July of 2015.  This remains a very active segment of the real estate market and I don’t expect any slowdown of price increase until we get considerably greater inventory or fewer sales numbers.

The inventory of available townhouses and condos decreased by 11 units to 370 properties as compared to last month.  The second month of reduced inventory. This is 3.4% greater than the July 2015 inventory.  Currently, there’s a 3.8 month supply of inventory (an 11.8% increase from last year).  Still in a strong 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.

July 2016 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
July 2016 Monthly Market Detail Martin County Townhouses and Condos

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

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

July 2016 Monthly Market Detail Martin County Townhouses and Condos

July 2016 Monthly Market Detail Martin County Single Family Homes

09.02.16 by

July 2016 Monthly Market Detail Martin County Single Family Homes

The July 2016 Monthly Market Detail Martin County Single Family Homes continues to show reduced sales volume when compared to last years figures, yet this is still a very active market.  Closed sales were down by 9.5% (was down by 10.0% in June). New pending sales decreased by 22.3% as compared to July of 2015 (Decreased by 17.5% in June).

Both median and average sales prices continue with strong gains.  The median sales price was up by 6.1% from last year (up by 15.9% in June) while the average price increased by 13.8% (was up by 9.2% last month).  If inventory levels continue to increase and sales volume continues to decrease I expect the rate of price appreciation to decrease.

The inventory of available single family homes decreased from last month by 1 homes to 987 units for July,  this is 8.5% greater than last July.  Current supply of homes is 4.9 months, for July of last year it was a 4.3 months supply. (This is a 14.0% increase from last year).  Still a sellers market for Martin County single family home sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

July 2016 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:
July 2016 Monthly Market Detail Martin County Single Family Homes

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

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

July 2016 Monthly Market Detail Martin County Single Family Homes

July 2016 Monthly Market Detail Florida Townhouses and Condos

09.01.16 by

July 2016 Monthly Market Detail Florida Townhouses and Condos

The July 2016 Monthly Market Detail Florida Townhouses and Condos showed continued weaker activity compared to last year.   Closed sales were down by 11.5% as compared to last months decrease of 2.6% and new sales under contract (new pending sales) decreased by 11.3% (In June there was a 7.6% decrease).

Prices have continued to rise, though for July this rate has slowed appreciably.  Median sales prices were up by 6.8% (was up by 8.6% in June), while the average sales price increased only by 0.4% (was down 3.1% in June).  With the increase in inventory, these price rises will continue to moderate and possibly even decrease slightly.

The inventory increased by 7.6% from July of last year.  For July 2016 we have 5.9 months of inventory (was 6.0 months in June) and compared to 5.3 for July 2015.  We are currently in a very slight 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.

July 2016 Monthly Market Detail Florida Townhouses and Condos

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:
July 2016 Monthly Market Detail Florida Townhouses and Condos

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

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

July 2016 Monthly Market Detail Florida Townhouses and Condos

July 2016 Monthly Market Detail Florida Single Family Homes

08.31.16 by

July 2016 Monthly Market Detail Florida Single Family Homes

The July 2016 Monthly Market Detail Florida Single Family Homes had a reduced volume of sales when compared to last July, while prices continue to rise.  Closed sales were down by 8.0% (was up by 0.4% in June) and new sales under contract (new pending sales) were down by 9.6% (was down by 7.7% in June).

Both median and average sales prices continue to rise ( July 2015 to July 2016) by 11.6% and 8.0% respectively, compared to June’s 10.8% and 6.8%.  If the reduced volume of sales continue, I expect that these price rises will moderate considerably and possibly even retreat by next year at this time.

The inventory of available homes for sale fell by 3.3% from last year.  This is another trend that I think may reverse in the near future as more homes may come on the market while fewer sell.  For July there was only a 4.3 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (July of 2015 had a 4.4 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

July 2016 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

July 2016 Monthly Market Detail Florida Single Family Homes

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

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

July 2016 Monthly Market Detail Florida Single Family Homes

Florida Townhouses and Condos 2016 2’nd Quarter Report

08.25.16 by

Quarterly Market Report for Florida Townhouses and Condos

2’nd Quarter 2016

Click the image below to view the full details of the Florida townhouses and condos market report data as reported by Florida Realtor for the 2’nd quarter of 2016.

Florida Townhouse and Condo 2nd Quarter Market Report

View the entire set of data at GabeSanders.com

Florida Single Family Homes 2016 2’nd Quarter Report

08.24.16 by

Quarterly Market Report for Florida Single Family Homes

2’nd Quarter 2016

Click the image below to view the full details of the Florida single family home market report data as reported by Florida Realtor for the 2’nd quarter of 2016.

Florida Single Family 2nd Quarter Market Report

View the entire set of data at GabeSanders.com

June 2016 Monthly Market Detail St Lucie County Townhouses and Condos

08.01.16 by

June 2016 Monthly Market Detail St Lucie County Townhouses and Condos

The June 2016 Monthly Market Detail St Lucie County Townhouses and Condos showed continued strong closed sales activity.  Closed sales were up 5.7% from last year (was up 19.0% in May) while new pending sales unfortunately decreased  by 14.8% (was up by 13.6% in May).

Prices continued to rise with the median sales price increasing by 23.6% (was up by 3.6% in May) while the average sales price increased by 1.4% (decreased 2.9% in May).  St Lucie County townhouses and condos are showing a very sustainable slow increase in prices for the past few months.

The inventory of available townhouses and condos decreased by 39 units from last month to 566 units, which is only 0.2% greater than June 2015. The current supply of inventory dropped to 5.6 months, which is equal to last year.  The St Lucie County townhouses and condos has once again swung back into a sellers market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

June 2016 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
June 2016 Monthly Market Detail St Lucie County Townhouses and Condos

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

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

June 2016 Monthly Market Detail St Lucie County Townhouses and Condos

June 2016 Monthly Market Detail St Lucie County Single Family Homes

07.31.16 by

June 2016 Monthly Market Detail St Lucie County Single Family Homes

June 2016 Monthly Market Detail St Lucie County Single Family Homes is bucking the trend from the rest of Florida and it’s neighbor to the south with continued increased activity as compared to last year.  Closed sales were up by 8.9% (in May they were up by 11.2%) and new sales under contract (new pending sales) increased by 2.2% (they were up by 7.7% last month).

The prices for June are continuing with strong appreciation as well.  Both the median and average sales prices up by 12.8% and 19.2% respectively from last June (For May these numbers were 15.6% and 15.2%).

Active listings fell by 112 homes to 1,516 homes.  This inventory is still 1.7% greater than last year.  The current supply of homes is at 3.4 months (an 6.2% increase from last year). The St Lucie County single family home market remains in a hot sellers market.

June 2016 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
June 2016 Monthly Market Detail St Lucie County Single Family Homes

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

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

June 2016 Monthly Market Detail St Lucie County Single Family Homes

June 2016 Monthly Market Detail Martin County Townhouses and Condos

07.30.16 by

June 2016 Monthly Market Detail Martin County Townhouses and Condos

June 2016 Monthly Market Detail Martin County Townhouses and Condos is giving us some mixed signals with closed sales off from last year but a very strong month for new pending sales..  Closed sales were down by 5.0% (was down by 5.1% in May) and new sales under contract (new pending sales) were up by 39.1% from June 2014 (decreased by 5.4% in May).

Another month of mixed signals with prices as the median sales price increased by 5.7% (was down by 0.4% in May) while the average sales price decreased by 5.4% (was up by 6.7% in May) as compared to June of 2015.  I’ve been predicting some sort of moderation in the rate of price increases and this appears to have happened.

The inventory of available townhouses and condos decreased by 36 units to 381 properties as compared to last month.  The first monthly decline after two months of increases. This is 1.0% below the June 2015 inventory.  Currently, there’s a 3.9 month supply of inventory (an 8.3% increase from last year).  Still in a strong sellers market for townhouses and condos in Martin County.

June 2016 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
June 2016 Monthly Market Detail Martin County Townhouses and Condos

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

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

June 2016 Monthly Market Detail Martin County Townhouses and Condos