Search Results for: market report

November 2013 Monthly Market Detail Florida Townhouses and Condos

12.26.13 by

November 2013 Monthly Market Detail Florida Townhouses and Condos

The November 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida showed a weakening of both closed and pending sales as compared to last year.  Year to year closed sales were down by 7.1% as compared to last months increase of 3.1% and new sales under contract (new pending sales) decreased by 10.2% (October’s decrease was 3.6%).

November 2013 Florida Condo and Townhouse

Both median and average sales prices were up (year to year) by 17.2% and 12.3% respectively.

For the first time in a while the inventory crept up slightly by 1.3%.  The reduced inventory is what is making prices rise as well as keeping sales volume down.  I expect both inventory and sales volume to increase in the coming year if the economic news continues to be positive.

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:
November 2013 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.

November 2013 Monthly Market Detail Florida Townhouses and Condos

November 2013 Monthly Market Detail Florida Single Family Homes

12.24.13 by

November 2013 Monthly Market Detail Florida Single Family Homes

The Florida real estate market showed some weakness for the November 2013 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors.  Both closed and pending sales were off.   Year to year closed sales were down by 1.2% (were up by 6.5 % in October) and new sales under contract (new pending sales) decreased by 5.9% (was up by 3.4% in October).

Florida Single Family

Both median and average sales prices were up (November 2012 to November 2013) by 13.3% and 7.1% respectively.   Not quite as much of an increase as in previous months this year, but those kinds of increases were unsustainable.

The inventory of available homes for sale increased by 10% from last year.  This is now the second month of increased inventory.  I’ve written in the past that I was expecting this increase which is a direct cause of the easing of the price increases as the supply expands. I would like to see the volume of closed sales be higher and with the current excellent economic news, I expect these numbers to go up soon.

Please look at the full detail report for the rest of the story:

Click here to view or download the full report:
November 2013 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.

November 2013 Monthly Market Detail Florida Single Family Homes

October 2013 Monthly Market Detail St Lucie County Townhouses and Condos

12.04.13 by

October 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The October 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed  a second month drop from last years numbers.   Year to year closed sales were down by 12.7% (was down by 28.6% in September) while new sales under contract (new pending sales) decreased by 13.6% (was  down by 18% in September

Prices continued to rise however, year to year, with the median sales price up by 14.3% (up 12.6% in September) and the average sales price rose by 26% (was up by 14.6% in September).October 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The inventory of available townhouses and condos increased from last month to 835 units which is a decrease of 8% from last October.  Current supply of inventory is now 8.5 months (a 9.7% decrease from last year).   This segment of the market continues to be a buyers market and I anticipate some moderation in price increases in the coming months unless the sale volume picks up.

Please see the entire Saint Lucie County townhouse and condo market detail by clicking the links below:

 

Click here to view or download the full report:
October 2013 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.

October 2013 Monthly Market Detail St Lucie County Townhouses and Condos

October 2013 Monthly Market Detail St Lucie County Single Family Homes

12.03.13 by

October 2013 Monthly Market Detail St Lucie County Single Family Homes

The October 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors has moderated in the past couple of months as compared to last years activity.   Closed sales were unchanged from last year  (in September they were up by 4.1%)  and new sales under contract (new pending sales) decreased by 6.9% (they were up by 12% last month).

Both median and average sales prices were up (year to year) by 29% and 24.6% respectively year to year. October 2013 Monthly Market Detail St Lucie County Single Family Homes

The inventory of active listings rose in October (from last month) to 2104 homes, still down by 8.1% from last year.  Current supply of inventory is only 4.9 months (a 18.3% decrease from last year).  For October 2013 this remains a strong sellers market in the St Lucie County area.  However with the significant rise in prices as well as increasing mortgage rates, the current trend appears to be leveling off as inventory also is starting to rebound.  I expect continued good activity for the Saint Lucie County single family market but I wouldn’t be surprised to see a moderation in the rising values.

Please click on the links below to read the full Saint Lucie County single family market detail:

 

Click here to view or download the full report:
October 2013 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.

October 2013 Monthly Market Detail St Lucie County Single Family Homes

October 2013 Monthly Market Detail Martin County Townhouses and Condos

12.02.13 by

October 2013 Monthly Market Detail Martin County Townhouses and Condos

The October 2013 Monthly Market Detail Martin County Townhouses and Condos continues to showed some weakness of the year to year results.  After some surprisingly strong results from last month.  We are now well into our slower season, however we are comparing to last years results for the same period.   Year to year closed sales were up by 1.1% ( up by 36.2% in September) while new sales under contract (new pending sales) decreased by 36.2% (was down 8% in September).October 2013 Monthly Market Detail Martin County Townhouses and Condos

The median sales price increased by 1.3% (was up by 49.5% in September) while the average sales price rose by 10.7% (was up 30.6% in September) as compared to October of 2012.

The inventory of available townhouses and condos has increased slightly to 596 units from last month, while still a decrease of  21.1% from last October.  Current supply of inventory is only 5.9 months (a 33.9% decrease from last year).  For the Martin County townhouse and condo market we have transitioned into numerous months of a seller’s market.  This is exerting significant pressure into rising values for this segment of the real estate market.

 

 Click here to view or download the full report:
October 2013 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.

October 2013 Monthly Market Detail Martin County Townhouses and Condos

October 2013 Monthly Market Detail Martin County Single Family Homes

12.01.13 by

October 2013 Monthly Market Detail Martin County Single Family Homes

The October 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors showed slightly slower activity than in most previous months this year, though still much improved from last year.   Closed sales were up by 8.5% (was 58.5% in September) and new sales under contract (new pending sales) increased by 36.2% (24.1% in September).

The median sales price was up by 20.6% from last year while unfortunately the average declined by 30.5%.October 2013 Monthly Market Detail Martin County Single Family Homes

The inventory of available single family homes increased this month to 1242 units but this is still down by 4.2% from last October.  Current supply of inventory is only 6.7 months (a 18.9% decrease from last year).  We are now in a balanced market for residential sales in Martin County.  Considering that this is typically the slower season for Martin County, I’m expecting a return to a sellers market once the holiday season is over.

Please look at the full Martin County single family market detail by clicking on the links below:

 

Click here to view or download the full report:
October 2013 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.

October 2013 Monthly Market Detail Martin County Single Family Homes

October 2013 Monthly Market Detail Florida Townhouses and Condos

11.30.13 by

October 2013 Monthly Market Detail Florida Townhouses and Condos

The October 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida continues to show gains though not as robust as they were earlier in the year.  Year to year closed sales were up by 3.1% as compared to last months increase of 11.4% and new sales under contract (new pending sales) decreased by 3.6% (September’s increase was 4.6%).October 2013 Monthly Market Detail Florida Townhouses and Condos

Both median and average sales prices were up (year to year) by 22.1% and 12% respectively.

One item of concern is the active inventory which has decreased again (though slightly), for October by .09%.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

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:
October 2013 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.

October 2013 Monthly Market Detail Florida Townhouses and Condos

October 2013 Monthly Market Detail Florida Single Family Homes

11.29.13 by

October 2013 Monthly Market Detail Florida Single Family Homes

The Florida real estate market continues to improve as reported by Florida Realtors for the October 2013 Monthly Market Detail Florida Single Family Homes, though at not quite as great a rate as in past months.  All indices have once again moved in a positive direction.  Year to year closed sales were up by 6.5% (was 18.8% in September) and new sales under contract (new pending sales) increased by 3.4% (was 10.5% in September).October 2013 Monthly Market Detail Florida Single Family Homes

Both median and average sales prices were up (October 2012 to October 2013) by 16.6% and 12.6% respectively.   Very strong numbers that I expect will moderate in the next few months unless the overall state economy shows some improvements as well.

The inventory of available homes for sale increased by 3.3% from last year.  This is the first month in some time that we’ve seen an increase in inventory.  I’ve been expecting this, and as inventory increases the pressure on rising prices will ease as well.  Making the double digit gains of this past year a little more difficult to sustain.

Please look at the full detail report for the rest of the story:

Click here to view or download the full report:
October 2013 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.

October 2013 Monthly Market Detail Florida Single Family Homes

September 2013 Monthly Market Detail St Lucie County Townhouses and Condos

11.05.13 by

September 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The September 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed  an unexpected drop from last years numbers.   Year to year closed sales were down by 28.6% (was down by4% in August) while new sales under contract (new pending sales) decreased by 18% (was  up by 4.9% in August

Prices continued to rise however, year to year, with the median sales price up by 12.6% (up 69.4% in August) and the average sales price rose by 14.6% (was up by 38.2% in August).

The inventory of available townhouses and condos decreased from last month to 785 units which is a decrease of 18.1% from last September.  Current supply of inventory is now 7.9 months (a 22.9% decrease from last year).   This is the only segment of the Treasure Coast real estate market to show a decrease of closed sales (year to year).  The townhouse and condo markets are much more seasonally affected as more buyers in this segment tend to be ‘snowbirds’ and we may continue with weak results for the next few months.September 2013 Market Detail for Saint Lucie County Townhouses and Condos

Please see the entire Saint Lucie County townhouse and condo market detail by clicking the links below:

 

Click here to view or download the full report:
September 2013 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.

September 2013 Monthly Market Detail St Lucie County Townhouses and Condos

September 2013 Monthly Market Detail St Lucie County Single Family Homes

11.04.13 by

September 2013 Monthly Market Detail St Lucie County Single Family Homes

The September 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues the positive trend that has been apparent all this year, though at a more moderate rate for the past few months.   Closed sales were up by 4.1%  (in August they were up by 3.5%)  and new sales under contract (new pending sales) increased by 12% (they were up by 17.8% last month).

Both median and average sales prices were up (year to year) by 14.2% and 15% respectively year to year. 

The inventory of active listings rose in September (from last month) to 1947 homes, still down by 24.1% from last year.  Current supply of inventory is only 4.5 months (a 33.6% decrease from last year) and unchanged from August.  For September 2013 this remains a strong sellers market in the St Lucie County area.  Lower inventory typically results in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  Prices have been rising because of the shortage of inventory and the slow recovery of the market.September 2013 Market Detail for Saint Lucie County Single Family

Please click on the links below to read the full Saint Lucie County single family market detail:

 

Click here to view or download the full report:
September 2013 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.

September 2013 Monthly Market Detail St Lucie County Single Family Homes

September 2013 Monthly Market Detail Martin County Townhouses and Condos

11.03.13 by

September 2013 Monthly Market Detail Martin County Townhouses and Condos

The September 2013 Monthly Market Detail Martin County Townhouses and Condos continues to show positive year to year results.  Though the gains for September were surprisingly strong as compared to August of 2013, though we are entering into our slower season.   Year to year closed sales were up by 36.2% ( up by 1.3% in August) while new sales under contract (new pending sales) decreased by 8% (was up 4.9% in August).

The median sales price increased by 49.5% (was up by 16.3% in August) while the average sales price rose by 30.6% (was up 13.4% in August) as compared to September of 2012.September 2013 Market Detail for Martin County Townhouses and Condos

The inventory of available townhouses and condos has increased slightly to 560 units from last month, while still a decrease of 29.8% from last September.  Current supply of inventory is only 5.6 months (a 41.9% decrease from last year).  For the Martin County townhouse and condo market we have transitioned into numerous months of a seller’s market.  This is exerting significant pressure into rising values for this segment of the real estate market.

 

 Click here to view or download the full report:
September 2013 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.

September 2013 Monthly Market Detail Martin County Townhouses and Condos

September 2013 Monthly Market Detail Martin County Single Family Homes

11.02.13 by

September 2013 Monthly Market Detail Martin County Single Family Homes

Positive reports for the September 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors.  Surprisingly strong results compared to many other areas of the state for September.   Closed sales were up by 58.5% (was 9.1% in August) and new sales under contract (new pending sales) increased by 24.1% (35.2% in August).

Both the median and average sales prices (year to year) increased this month by percentages of 35% and 21.9% respectively.

The inventory of available single family homes increased this month to 1216 units but this is still down by 9.3% from last September.  Current supply of inventory is only 6.6 months (a 24.5% decrease from last year).  We are now in a balanced market for residential sales in Martin County.  Considering that this is typically the slower season for Martin County, I’m expecting a return to a sellers market once the holiday season is over.September 2013 Market Detail for Martin County Single Family

Please look at the full Martin County single family market detail by clicking on the links below:

 

Click here to view or download the full report:
September 2013 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 2013 Monthly Market Detail Martin County Single Family Homes

September 2013 Monthly Market Detail Florida Townhouses and Condos

11.01.13 by

September 2013 Monthly Market Detail Florida Townhouses and Condos

The September 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida continues to show gains though not as robust as they were in the spring of this year.  Year to year closed sales were up by 11.4% as compared to last months increase of 6.3% and new sales under contract (new pending sales) increased by 4.6% (August’s increase was 11.6%).

Both median and average sales prices were up (year to year) by a healthy 23.5% and 16.9% respectively. Florida Condo and Townhouse

One item of concern is the active inventory which has decreased again, for September by 7.9%.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

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 2013 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 2013 Monthly Market Detail Florida Townhouses and Condos

September 2013 Monthly Market Detail Florida Single Family Homes

10.31.13 by

September 2013 Monthly Market Detail Florida Single Family Homes

More good news for the Florida real estate market as reported by Florida Realtors for the September 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida.  All indices have once again moved in a positive direction with the exception of inventory (active listings), though not by quite as large percentages as last month.  Year to year closed sales were up by 18.8% (was 12.5% in August) and new sales under contract (new pending sales) increased by 10.5% (was 17.2% in August).

Both median and average sales prices were up (September 2012 to September 2013) by 17.2% and 12.3% respectively.  While improved over last year, the rate of increase is less for September as the seasonal influence of our real estate markets become apparent.Florida Single Family

The inventory of available homes for sale remains a concern as it continues to decrease, down by 5.1% from last year.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

Please look at the full detail report for the rest of the story:

 

Click here to view or download the full report:
September 2013 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 2013 Monthly Market Detail Florida Single Family Homes

August 2013 Monthly Market Detail St Lucie County Townhouses and Condos

10.07.13 by

August 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The August 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed  some mixed results for this month.   Year to year closed sales were down by 4% (was up by 8.9% in July) while new sales under contract (new pending sales) increased by 4.9% (was 29.9% in July

Prices continued to rise, year to year, with the median sales price up by an impressive 69.4% (up 62.6% in July) and the average sales price rose by 38.2% (was up by 20% in July).

The inventory of available townhouses and condos rose by 3 from last month to 804 units which is a decrease of 19.8% from last August.  Current supply of inventory is now 7.9 months (a 28.9% decrease from last year).   While not as strong a sector as the single family market, there have been some very impressive price gains in the townhouse and condo market for Saint Lucie County.  This is still a buyers market for now, so there are plenty of good opportunities for those shopping for a townhome or condo.

Please see the entire Saint Lucie County townhome and condo market detail by clicking the links below:Saint Lucie County Townhome and Condo

 

 

 

Click here to view or download the full report:
August 2013 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 2013 Monthly Market Detail St Lucie County Townhouses and Condos

August 2013 Monthly Market Detail St Lucie County Single Family Homes

10.06.13 by

August 2013 Monthly Market Detail St Lucie County Single Family Homes

The August 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues the positive trend that has been apparent all this year, though at a more moderate rate for August.   Closed sales were up by 3.5%  (in July they were up by 4.3%)  and new sales under contract (new pending sales) increased by 17.8% (they were up by 55.6% last month).

Both median and average sales prices were up (year to year) by 12.7% and 9.2% respectively. 

The inventory of active listings declined in August to 1841 homes, down by 31.3% from last year.  Current supply of inventory is only 4.3 months (a 31.3% decrease from last year) and unchanged from July.  For August 2013 this remains a strong sellers market in the St Lucie County area.  Lower inventory typically results in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I  expect to see continued increases in inventory.

Saint Lucie County Single Family

Please click on the links below to read the full Saint Lucie County single family market detail:

 

 

Click here to view or download the full report:
August 2013 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 2013 Monthly Market Detail St Lucie County Single Family Homes

August 2013 Monthly Market Detail Martin County Townhouses and Condos

10.03.13 by

August 2013 Monthly Market Detail Martin County Townhouses and Condos

The August 2013 Monthly Market Detail Martin County Townhouses and Condos continues to show positive year to year results.  Though the gains for August are not quite as dynamic as they have been in the earlier months of 2013.   Year to year closed sales were up by 1.3% ( down by 20.8% in July) while new sales under contract (new pending sales) increased by 4.9% (was 65.6% in July).

The median sales price increased by 16.3% (was up by 20.7% in July) while the average sales price rose by 13.4% (was up 10.2% in July) as compared to August of 2012.

The inventory of available townhouses and condos have decreased to 534 units which is a decrease of 34.1% from last August.  Current supply of inventory is only 5.4 months (a 43.5% decrease from last year).  For the Martin County townhouse and condo market we are now in a seller’s market.  This will put significant pressure into possible rising values as long as a seller’s market persists.Martin County Townhome Condo

 

 

 

Click here to view or download the full report:
August 2013 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 2013 Monthly Market Detail Martin County Townhouses and Condos

August 2013 Monthly Market Detail Martin County Single Family Homes

10.02.13 by

August 2013 Monthly Market Detail Martin County Single Family Homes

Positive reports for the August 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors, though not quite as robust as last month.   Closed sales were up by 9.1% (was 18.2% in July) and new sales under contract (new pending sales) increased by 35.2% (42.1% in July).

Both the median and average sales prices (year to year) increased this month by percentages of 17% and 29.8% respectively.

The inventory of available single family homes have decreased to 1102 units which is down by 21.1% from last August.  Current supply of inventory is only 6.2 months (a 31.4% decrease from last year).  We are now in a balanced market for residential sales in Martin County.  There’s no reason not to expect a seller’s market should the inventory continue to decrease.

Martin County Single Family

Please look at the full Martin County single family market detail by clicking on the links below:

 

 

Click here to view or download the full report:
August 2013 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 2013 Monthly Market Detail Martin County Single Family Homes

August 2013 Monthly Market Detail Florida Townhouses and Condos

09.29.13 by

August 2013 Monthly Market Detail Florida Townhouses and Condos

The August 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida continues to show gains though not as robust as they were in the spring of this year.  Year to year closed sales were up by 6.3% as compared to last months increase of 16.8% and new sales under contract (new pending sales) increased by 11.6% (July’s increase was 20.7%).

Both median and average sales prices were up (year to year) by a healthy 25.2% and 18.6% respectively. 

One item of concern is the active inventory which has decreased again, for August by 13.8%.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.Florida Townhome Condo

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 2013 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 2013 Monthly Market Detail Florida Townhouses and Condos

August 2013 Monthly Market Detail Florida Single Family Homes

09.28.13 by

August 2013 Monthly Market Detail Florida Single Family Homes

More good news for the Florida real estate market as reported by Florida Realtors for the August 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida.  All indices have once again moved in a positive direction with the exception of inventory (active listings), though not by quite as large percentages as last month.  Year to year closed sales were up by 12.5% (was 20.9% in July) and new sales under contract (new pending sales) increased by 17.2% (was 25.9% in June).

Both median and average sales prices were up (August 2012 to August 2013) by 18.6% and 13.6% respectively.  August results are very positive though slightly less robust than July

The inventory of available homes for sale remains a concern as it continues to decrease, down by 12.3% from last year.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.Florida Single Family Market Detai

Please look at the full detail report for the rest of the story:

 

Click here to view or download the full report:
August 2013 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 2013 Monthly Market Detail Florida Single Family Homes