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October 2014 Monthly Market Detail St Lucie County Single Family Homes

11.30.14 by

October 2014 Monthly Market Detail St Lucie County Single Family Homes

October 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues to show a robust single family home market.  Closed sales from last year were up by 21.4% (in September they were up by 31.8%) and new sales under contract (new pending sales) decreased by 17.7% (they were up by 15.6% last month).

Both median and average sales prices were up again (year to year) by 12.8% and 8.5% respectively from last October (For last month these figures were 17.8% and 16.4%).  The early spring and summer had a more moderate rate of appreciation as compared to last year, but it appears to have gained momentum once again for the past three months.

The inventory of active listings decreased in October (from last month) by 30 homes to 1,832, which is now under last year’s inventory by 11.4%.  The current supply of inventory is only 3.8 months (a 20.1% decrease from last year).   A strong sellers market for the Saint Lucie County single family home market.  Inventory will soon become a problem as it has been decreasing for many months in a row.

October 2014 Monthly Market Detail St Lucie County Single Family Homes

 

Click here to view or download the full report:  October 2014 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 2014 Monthly Market Detail St Lucie County Single Family Homes

October 2014 Monthly Market Detail Florida Single Family Homes

11.26.14 by

October 2014 Monthly Market Detail Florida Single Family Homes

The October 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed continued improvement for the single family real estate market.  Year to year closed sales were up by 17.8% (was up by 13.5% in September) and new sales under contract (new pending sales) increased by 4.7% (was up by 10.6% in September).

Both median and average sales prices continue to rise ( October 2013 to October 2014) by 4.6% and 6.1% respectively, compared to September’s 5.9% and 4%.   Slow and steady appreciation is a sign of a stable and growing real estate market.

The inventory of available homes for sale rose by 4.2% from last year.  This is now a full thirteen months of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  This increase in inventory makes for greater choices and more price competition among sellers. With only a 5.4 months supply of inventory, this is a healthy market with a slight edge to sellers. (October of 2013 had a 5.5 month supply)

October 2014 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:
October 2014 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 2014 Monthly Market Detail Florida Single Family Homes

September 2014 Monthly Market Detail St Lucie County Single Family Homes

10.27.14 by

September 2014 Monthly Market Detail St Lucie County Single Family Homes

September 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues to show a robust single family home market.  Closed sales from last year were up by 31.8% (in August they were up by 7.6%) and new sales under contract (new pending sales) decreased by 15.6% (they were up by 17.7% last month).

Both median and average sales prices were up again (year to year) substantially by 17.8% and 16.4% respectively from last September (For last month these figures were 9.6% and 14.3%).  After some slowing in the rate of appreciation, it appears to have increased for the past two months.

The inventory of active listings decreased in September (from last month) by 23 homes to 1,862, which is now under last year’s inventory by 2.7%.  The current supply of inventory is only 4.0 months (an 10.8% decrease from last year).   A strong sellers market for the Saint Lucie County single family home market.  Inventory will soon become a problem as it has been decreasing for many months in a row.

September 2014 Monthly Market Detail St Lucie County Single Family Homes

 

Click here to view or download the full report:  September 2014 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 2014 Monthly Market Detail St Lucie County Single Family Homes

September 2014 Monthly Market Detail Florida Single Family Homes

10.23.14 by

September 2014 Monthly Market Detail Florida Single Family Homes

The September 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed more improvement for September and at a better rate than last month.  Year to year closed sales were up by 13.5% (was up by 4.2% in August) and new sales under contract (new pending sales) increased by 10.6% (was up by 3% in August).

Both median and average sales prices continue to rise ( September 2013 to September 2014) by 5.9% and 4% respectively, compared to August’s 3.4% and 4.3%.   Slow and steady appreciation is a sign of a stable and growing real estate market.

The inventory of available homes for sale rose by 7.2% from last year.  This is now a full twelve months of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  This increase in inventory makes for greater choices and more price competition among sellers. With only a 5.4 months supply of inventory, this is a healthy market with a slight edge to sellers. (September of 2013 had a 5.3 month supply)

September 2014 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:
September 2014 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 2014 Monthly Market Detail Florida Single Family Homes

August 2014 Monthly Market Detail St Lucie County Single Family Homes

09.28.14 by

August 2014 Monthly Market Detail St Lucie County Single Family Homes

August 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues to show a robust single family home market.  Closed sales from last year were up by 7.6% (in July they were up by 17.6%) and new sales under contract (new pending sales) decreased by 17.7% (they were up by 4.2% last month).

Both median and average sales prices were up again (year to year) by 9.6% and 14.3% respectively from last August (For last month these figures were 8.5% and 5.8%).  The rate of appreciation had been slowing for the past few months, but for August it seems to have picked up again.

The inventory of active listings decreased in August (from last month) by 29 homes to 1,885, which is still greater than last year by 4%.  Current supply of inventory is only 4.1 months (an 2.7% increase from last year).   Still a strong sellers market for the Saint Lucie County single family home market.  While inventory levels are higher than last year, they have been decreasing steadily for the last few months.

St. Lucie County Single Family August 2014

 

Click here to view or download the full report:  August 2014 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 2014 Monthly Market Detail St Lucie County Single Family Homes

August 2014 Monthly Market Detail Florida Single Family Homes

09.24.14 by

August 2014 Monthly Market Detail Florida Single Family Homes

The August 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors continues to improve though at a much reduced rate from last year.  Year to year closed sales were up by 4.2% (was up by 5% in July) and new sales under contract (new pending sales) increased by 3% (was up by 2.3% in July).

Both median and average sales prices continue to rise ( August 2013 to August 2014) by 3.4% and 4.3% respectively, compared to July’s 3.6% and 4.1%.   A much more reasonable rate of appreciation than last year’s large double digit rises.

The inventory of available homes for sale rose by 13% from last year.  This is now the eleventh month of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  This increase in inventory makes for greater choices and more price competition among sellers. With only a 5.5 months supply of inventory, this is a healthy market with a slight edge to sellers. (August of 2013 had a 5.1 month supply)Florida Single Family August 2014

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August 2014 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 2014 Monthly Market Detail Florida Single Family Homes

September 2014 Market Update for Martins Crossing

09.08.14 by

September 2014 Market Update for Martins Crossing

There are currently 10 homes for sale in Martins Crossing.  Prices range from $158,000 to $379,000 for an average list price of $277,508 which is $122.03 per sq. ft. of living area.  None of the current listings are short sales or bank owned foreclosures.

There are nine homes under contract.  List prices range from $140,000 to $314,900 for an average of $208,155 at $110.71 per sq. ft. of living area.  Of these pending sales, one is a short sale.

In the past twelve months,31 homes have sold in Martins Crossing.  Sales prices ranged from $125,000 to $308,500 for an average of $209,900 which equates to $100.71 per sq. ft. of living area at a 96% sales to list price ratio.  Of these sales 6 were short sales and six were bank owned foreclosures.

Located in the intimate, yet vibrant, city of Stuart near a variety of fine restaurants, cultural outlets and shopping.  September 2014 Market Update for Martins Crossing, boasts of  596 residences with a stunning variety of single family homes and a section of private town homes. This family friendly community was completed around 2006 with mostly newer homes.

September 2014 Market Update for Martins Crossing community amenities include lush landscaping and with private preserve views,  The Martins Crossing Clubhouse has a sparkling resort style pool, and over sized deck, tennis courts and a playful tot lot all nearby.

September 2014 Market Update for Martins Crossing is conveniently located by Kanner Hwy. and Pomeroy Street for easy access to Historic Downtown Stuart, the beaches and waterways of Martin County, restaurants, shopping and quick access to I-95.  All this in a wonderful ‘A’ rated school system.

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September 2014 Market Update for Martins Crossing

July 2014 Monthly Market Detail St Lucie County Single Family Homes

08.28.14 by

July 2014 Monthly Market Detail St Lucie County Single Family Homes

July 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues with strong market activity and rising prices, with increased volume from last year.  Closed sales from last year were up by 17.6% (in June they were up by 16.2%) and new sales under contract (new pending sales) decreased by 4.2% (they were up by 7.7% last month).

Both median and average sales prices were up again (year to year) by 8.5% and 5.8% respectively from last July (For last month these figures were 11.5% and 7.2%).  The rate of appreciation has been slowing for the past few months, but still showing some strong growth in values.

The inventory of active listings decreased in July (from last month) by 61 homes to 1,914, which is still greater than last year by 15.7%.  Current supply of inventory is only 4.2 months (an 8.9% increase from last year).   Still a strong sellers market for the Saint Lucie County single family home market.  While inventory levels are higher than last year, they have been decreasing steadily for the last few months.

July 2014 Monthly Market Detail St Lucie County Single Family Homes

 

Click here to view or download the full report:  July 2014 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 2014 Monthly Market Detail St Lucie County Single Family Homes

July 2014 Monthly Market Detail Florida Single Family Homes

08.24.14 by

July 2014 Monthly Market Detail Florida Single Family Homes

The July 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors continues with improving market results, though at a bit of a slower rate than last month.  Year to year closed sales were up by 5% (was up by 14.6% in June) and new sales under contract (new pending sales) increased by 2,3% (was down by 4.1% in June).

Both median and average sales prices continue to rise ( July 2013 to July 2014) by 3.6% and 4.1% respectively, compared to June’s 5.2% and 4.2%.   While still positive numbers, the rate of appreciation appears to be slowing.

The inventory of available homes for sale rose by 17.5% from last year.  This is now the tenth month of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  This increase in inventory makes for greater choices and more price competition among sellers. With only a 5.5 months supply of inventory, this is a healthy market with a slight edge to sellers. (2013 had a 5.0 month supply)

July 2014 Monthly Market Detail Florida Single Family Homes

 

Click here to view or download the full report:
July 2014 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 2014 Monthly Market Detail Florida Single Family Homes

June 2014 Monthly Market Detail St Lucie County Single Family Homes

07.29.14 by

June 2014 Monthly Market Detail St Lucie County Single Family Homes

June 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues with strong market activity and rising prices, with increased volume from last year.  Closed sales from last year were up by 16.2% (in May they were up by 28.7%) and new sales under contract (new pending sales) increased by 7.7% (they were up by 3.2% last month).

Both median and average sales prices were up again (year to year) by 11.5% and 7.2% respectively from last June (For last month these figures were 8.3% and 9.9%).  Slightly less appreciation than last month, but still showing some strong groth in values.

The inventory of active listings decreased in June (from last month) by 60 homes to 1,975, which is still greater than last year by 15.7%.  Current supply of inventory is only 4.4 months (a 15.7% increase from last year).   Still a strong sellers market for the Saint Lucie County single family home market.  It is somewhat surprising that with this strong rise in values and sales that the current inventory level is decreasing.June 2014 Monthly Market Detail St Lucie County Single Family Homes

 

Click here to view or download the full report:  June 2014 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 2014 Monthly Market Detail St Lucie County Single Family Homes

June 2014 Monthly Market Detail Florida Single Family Homes

07.24.14 by

June 2014 Monthly Market Detail Florida Single Family Homes

The June 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors continues with improving market results, though at a bit of a slower rate than last year.  But, considerably better than a fairly slow May of 2014.  Year to year closed sales were up by 14.6% (was up by 3.6% in May) and new sales under contract (new pending sales) increased by 4.1% (was down by 0.6% in May).

Both median and average sales prices continue to rise ( June 2013 to June 2014) by 5.2% and 4.2% respectively, compared to May’s 4.3% and 8.9%.   While still positive numbers, the rate of appreciation appears to be slowing.

The inventory of available homes for sale rose by 21.7% from last year.  This is now the ninth month of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  This increase in inventory makes for greater choices and more price competition among sellers. With only a 5.6 months supply of inventory, this is a healthy market with a slight edge to sellers. (2013 had a 4.9 month supply)

June 2014 Monthly Market Detail Florida Single Family Homes

 

Click here to view or download the full report:
June 2014 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.

June 2014 Monthly Market Detail Florida Single Family Homes

Sewalls Point Single Family Market Report June 2014

07.09.14 by

Sewalls Point Single Family Market Report June 2014

Sewalls Point Real Estate Snapshot, Residential Sales for June 2014

 

There are currently 53 active listings (Down by 5 homes from May)

Sewalls Point Single Family Market Report June 2014

11 Residential sales are pending and awaiting close or lender approval (Down by 3 homes from last month)

Sewalls Point Single Family Market Report June 2014

5 Homes sold in June (Unchanged from May)

Sewalls Point Single Family Market Report June 2014

The Sewalls Point single family homes market activity for June 2014 had the same number of closed sales as in May.  Both the inventory and pending sales declined for June.  Whether this means decreased activity for the future or not remains to be seen, but it appears to be the case.

The absorption rate is currently 10.6 months better than last months 11.6 but still of room for improvement.  It’s been a strong buyers market for Sewalls Point in the past 5 months now, as activity for this community has slowed this year.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to June of 2013, the inventory was 52 homes on the market, 10 pending sales and there were 8 closed sales.  Better closed activity in 2013.  Other parameters are mostly unchanged.

Sewalls Point Single Family Market Report June 2014

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Sewalls Point Single Family Market Report June 2014

 

May 2014 Monthly Market Detail St Lucie County Single Family Homes

06.29.14 by

May 2014 Monthly Market Detail St Lucie County Single Family Homes

May 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors showed strong market activity with continued rising prices, with increased volume from last year.  Closed sales from last year were up by 28.7% (in April they were up by only 0.6%) and new sales under contract (new pending sales) increased by 3.2% (they were down by 4.9% last month).

Both median and average sales prices were up again (year to year) by 8.3% and 9.9% respectively from last May (For last month these figures were 12.2% and 10%). Continued strong price appreciation for St. Lucie single family homes.

The inventory of active listings decreased in May (from last month) by 44 homes to 2,035, which is still greater than last year by 22%.  Current supply of inventory is only 4.6 months (an 18.3% increase from last year).   Still a sellers market for the Saint Lucie County single family home market.  While not as red hot as last year, it is still very positive and could still has room to slow to become a balanced market.

St Lucie Single Family May 2014

Click here to view or download the full report:  May 2014 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.

May 2014 Monthly Market Detail St Lucie County Single Family Homes

May 2014 Monthly Market Detail Florida Single Family Homes

06.25.14 by

May 2014 Monthly Market Detail Florida Single Family Homes

The May 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed improved results from last year, though at a much reduced pace from 2013.  Year to year closed sales were up, but only by 3.6% (was up by 4.1% in April) and new sales under contract (new pending sales) decreased by 0.6% (was down by 1.1% in April).

Both median and average sales prices continue to rise ( May 2013 to May 2014) by 4.3% and 8.9% respectively, compared to April’s 6.1% and 3.8%.   While still positive numbers, the rate of appreciation appears to be slowing.

The inventory of available homes for sale jumped by 20.4% from last year.  This is now the eighth month of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  I suspect that the reduced rate of increasing values and home sales are a direct result of the increasing inventory.  Currently, there are just not enough buyers to absorb this increase fully.  Though with only a 5.7 months supply of inventory, this is still a healthy and balanced market. (2013 had a 5 month supply)

Florida Single Family May 2014

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May 2014 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.

May 2014 Monthly Market Detail Florida Single Family Homes

Sewalls Point Single Family Market Report May 2014

06.09.14 by

Sewalls Point Single Family Market Report May 2014

Sewalls Point Real Estate Snapshot, Residential Sales for April 2014

 

There are currently 58 active listings (Unchanged from April)

Sewalls Point Single Family Market Report May 2014

14 Residential sales are pending and awaiting close or lender approval (Up by 1 home from last month)

Sewalls Point Single Family Market Report May 2014

5 Homes sold in April (Unchanged from April)

Sewalls Point Single Family Market Report May 2014

The Sewalls Point single family homes market activity for May 2014 is basically unchanged from April with the exception of one additional pending sale.   Activity is slow, but steady.  Sewalls point is a desirable location for families and it will be interesting to see if we have increased activity prior to the next school year.

The absorption rate is currently 11.6 months unchanged from last month and with plenty of room for improvement.  It’s been a strong buyers market for Sewalls Point in the past 4 months now, as activity for this community has slowed this year.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to May of 2013, the inventory was 58 homes on the market, 17 pending sales and there were 7 closed sales.  Better activity, if only slightly, last year.

Sewalls Point Single Family Market Report May 2014

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Sewalls Point Single Family Market Report May 2014

 

 

April 2014 Monthly Market Detail St Lucie County Single Family Homes

05.30.14 by

April 2014 Monthly Market Detail St Lucie County Single Family Homes

April 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors showed strong market activity with continued rising prices, though volume has moderated.  Closed sales from last year were up by only 0.6% (in March they were up by 9.9%) and new sales under contract (new pending sales) decreased by 4.9% (they were down by 8.8% last month).

Both median and average sales prices were up again (year to year) by 12.2% and 10% respectively from last April (For last month these figures were 15.7% and 12.1%).

The inventory of active listings decreased in April (from last month) by 90 homes to 2,179, which represents an increase of 29.7% from last year.  Current supply of inventory is only 5.0 months (a 28.1% increase from last year).   Still a sellers market for the Saint Lucie County single family home market.  While not as red hot as last year, it is still very positive and could still slow down some to become a balanced market.

April 2014 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:  April 2014 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.

April 2014 Monthly Market Detail St Lucie County Single Family Homes

April 2014 Monthly Market Detail Florida Single Family Homes

05.26.14 by

April 2014 Monthly Market Detail Florida Single Family Homes

The April 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed improved results from last year, though at a much reduced pace from 2013.  Year to year closed sales were up, but only by 4.1% (was up by 2.8% in March) and new sales under contract (new pending sales) decreased by 1.1% (was up by 2.1% in March).

Both median and average sales prices continue to rise ( April 2013 to April 2014) by 6.1% and 3.8% respectively, compared to March’s 7.1% and 6.3%.   While still very positive numbers, the rate of appreciation appears to be slowing.

The inventory of available homes for sale jumped by 18% from last year.  This is now the seventh month of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  I suspect that the reduced rate of increasing values and home sales are a direct result of the increasing inventory.  Currently, there are just not enough buyers to absorb this increase fully.  Though with only a 5.7 months supply of inventory, this is still a healthy and balanced market.

April 2014 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:
April 2014 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.

April 2014 Monthly Market Detail Florida Single Family Homes

March 2014 Monthly Market Detail St Lucie County Single Family Homes

04.30.14 by

March 2014 Monthly Market Detail St Lucie County Single Family Homes

March 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors showed continued strong market activity in both volume and rising prices.  Closed sales from last year were up by 9.9% (in February they were up by 14.1%) and new sales under contract (new pending sales) decreased by 8.8% (they were down by 14.8% last month).

Both median and average sales prices were up again (year to year) by 15.7% and 12.1% respectively from last March (For last month these figures were 10.9% and 13%).

The inventory of active listings decreased in March (from last month) by 93 homes to 2,269, which is an increase of 27.4% from last year.  Current supply of inventory is only 5.1 months (a 21.3% increase from last year).   Still a strong sellers market for the Saint Lucie County single family home market.  While not as red hot as last year, it is still very positive and could still slow down some to become a balanced market.

March 2014 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:  March 2014 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.

March 2014 Monthly Market Detail St Lucie County Single Family Homes

March 2014 Monthly Market Detail Florida Single Family Homes

04.26.14 by

March 2014 Monthly Market Detail Florida Single Family Homes

The March 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed improved results from last month, but still not nearly as robust as last year.    Year to year closed sales were up, but only by 2.8% (was up by 1.5% in February) and new sales under contract (new pending sales) increased by 2.1% (was down by 5.5% in February).

Both median and average sales prices were up ( March 2013 to March 2014) by 7.1% and 6.3% respectively, compared to February’s 10% and 11%.   While still very positive numbers, the rate of appreciation appears to be slowing.

The inventory of available homes for sale increased by 16.8% from last year.  This is now the sixth month of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  I suspect that the reduced rate of increasing values and home sales are a direct result of the increasing inventory.  Currently, there are just not enough buyers to absorb this increase fully.

Click here to view or download the full report:
March 2014 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.

March 2014 Monthly Market Detail Florida Single Family Homes

February 2014 Monthly Market Detail St Lucie County Single Family Homes

04.03.14 by

February 2014 Monthly Market Detail St Lucie County Single Family Homes

February 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors closed out 2013 continues to show good closed activity, though there is reduced pending numbers, which could signal a bit more of a slow down.  Closed sales from last year were up by 14,1% (in January they were up by 4.8%) and new sales under contract (new pending sales) decreased by 14.8% (they were down by 12.9% last month).

Both median and average sales prices were up (year to year) by 10.9% and 13% respectively from last February (For last month these figures were 9.5% and 14.1%). 

The inventory of active listings rose in February (from last month) by 115 homes to 2362, which is also an increase of 22.3% from last year.  Current supply of inventory is only 5.4 months (a 22.3% increase from last year).   With the large increases in inventory from last year, price appreciation will slow some, which will help to continue a strong sales volume for the saint Lucie County single family market.

Monthly Market Detail - February 2014 St. Lucie County Single Family Homes

Click here to view or download the full report:  February 2014 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.

February 2014 Monthly Market Detail St Lucie County Single Family Homes