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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 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 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 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

July 2013 Monthly Market Detail St Lucie County Townhouses and Condos

09.02.13 by

July 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The July 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed a is back on a positive track after showing a little weakness last month.   Year to year closed sales were up by 8.9% (was off by 17% in June) while new sales under contract (new pending sales) increased by 29.9% (was 9.4% in June

Prices continued to rise, year to year, with the median sales price up by an impressive 62.6% (up 11.8% in June) and the average sales price rose by 20% (was up by 11.8% in June).

The inventory of available townhouses and condos rose slightly from last month to 801 units which is a decrease of 25% from last July.  Current supply of inventory is now 7.8 months (a 35.8% decrease from last year).   While these results are not quite as strong as in the single family market, they still show strong gains from previous years.  It is just a matter of time before prices start rising a bit more dramatically.  This current environment is an excellent opportunity for buyers looking into the Saint Lucie County real estate market for townhouses and condos.

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

 July 2013 Monthly Market Detail St Lucie County Townhouses and Condos

 

 

Click here to view or download the full report:
July 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.

July 2013 Monthly Market Detail St Lucie County Townhouses and Condos

July 2013 Monthly Market Detail St Lucie County Single Family Homes

09.01.13 by

July 2013 Monthly Market Detail St Lucie County Single Family Homes

The July 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 July.   Closed sales were up by 4.3% which were down by 0.4% (in June they were down by .4%)  and new sales under contract (new pending sales) increased by 55.6% (they were up by 42.6% last month).

Both median and average sales prices were up (year to year) by 23.2% and 21.7% respectively. 

The inventory of active listings rose from last month, but is still down by 34.2% from last year.  Current supply of inventory is only 4.3 months (a 43.6% decrease from last year) and up slightly from 3.9 months from June.  For July 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.

Please click on the links below to read the full Saint Lucie County single family market detail:July 2013 Monthly Market Detail St Lucie County Single Family Homes

 

 

Click here to view or download the full report:
July 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.

July 2013 Monthly Market Detail St Lucie County Single Family Homes

July 2013 Monthly Market Detail Florida Single Family Homes

08.28.13 by

July 2013 Monthly Market Detail Florida Single Family Homes

The positive trend continues for the real estate market as reported by Florida Realtors for the July 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).  Year to year closed sales were up by 20.9% (was 8.6% in June) and new sales under contract (new pending sales) increased by 25.9% (was 23.1% in June).

Both median and average sales prices were up (July 2012 to July 2013) by 18.7% and 17.5% respectively.  July results are surprisingly better numbers than June of 2013 and momentum has been regained.

The inventory of available homes for sale remains a concern as it continues to decrease, down by 17.2% 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:Florida Market Detail July 2013 Single Family Homes

 

Click here to view or download the full report:
July 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.

July 2013 Monthly Market Detail Florida Single Family Homes

August 2013 Market Update for Martins Crossing

08.25.13 by

August 2013 Market Update for Martins Crossing

There are currently 7 homes for sale in Martins Crossing.  4 townhomes (priced from $121,500 to $169,000) and 3 single family homes priced from $199,000 to $289,000.  The average price per square foot of living area is $102.80.  Of these, one townhome is a short sale and two townhomes are bank owned.

There are nine homes under contract.  3 townhomes and 6 single family. Listing prices ranged from $109,000 to $289,000. This equates to an average of $93.78 per square foot of living area.

In the past twelve months, 49 homes have sold in Martins Crossing.  14 townhomes (sales prices ranged from $97,00 to $154,900) while the 35 homes had prices ranging from 130,000 to $270,000.  The overall sales price per square foot was $89.46 at an average list to sales ratio of 96%.   There were 13 short sales and 9 foreclosures in these sales.

The number of foreclosures and short sales has drastically declined in Martins Crossing and prices have risen significantly in the past 6 months.

Located in the intimate, yet vibrant, city of Stuart near a variety of fine restaurants, cultural outlets and shopping.  August 2013 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.

August 2013 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.

August 2013 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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August 2013 Market Update for Martins Crossing

June 2013 Monthly Market Detail St Lucie County Townhouses and Condos

07.31.13 by

June 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The June 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed a little weakness.   Year to year closed sales were off by17% after last months rise of 12.5% while new sales under contract (new pending sales) increased by 9.4% (was 43.4% in May

Prices, however, rose year to year  with the median sales price up by 11.8% and the average sales price up by 4.6%.

The inventory of available townhouses and condos have decreased to 775 units which is a decrease of 30.8% from last June.  Current supply of inventory is now 7.6 months (a 41.8% decrease from last year).   While these results are not quite as strong as in the single family market, they still show strong gains from previous years.  It is just a matter of time before prices start rising a bit more dramatically.  This current environment is an excellent opportunity for buyers looking into the Saint Lucie County real estate market for townhouses and condos.

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

 

June 2013 Market Detail for Saint Lucie County Townhouses and Condos

 

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

June 2013 Monthly Market Detail St Lucie County Townhouses and Condos

June 2013 Monthly Market Detail St Lucie County Single Family Homes

07.31.13 by

June 2013 Monthly Market Detail St Lucie County Single Family Homes

Continuing a mostly positive trend for the June 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors.   The only negative detail was the year to year closed sales, which were down by 0.4% and while new sales under contract (new pending sales) increased by 42.6%!!

Both median and average sales prices were up (June 2012 to June 2013) by 23.3% and 16.6% respectively. 

One item of concern is the active inventory which continues to decrease significantly, presently only 1,664 homes, a decrease of 43.8% from last year.  Current supply of inventory is only 3.9 months (a 52.7% decrease from last year).  For June 2013 it was a strong sellers market in the St Lucie County area.  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  expect to see a gradual increase in inventory.

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

June 2013 Market Detail for Saint Lucie County Single Family

 

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

June 2013 Monthly Market Detail St Lucie County Single Family Homes

June 2013 Monthly Market Detail Florida Single Family Homes

07.27.13 by

June 2013 Monthly Market Detail Florida Single Family Homes

Another positive month of results reported by Florida Realtors for the June 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida.  All indices have moved in a positive direction though at a more modest pace than for the past few months.  Year to year closed sales were up by 8.6% (was 18.7% in May) and new sales under contract (new pending sales) increased by 23.1% (was 30.8% in May).

Both median and average sales prices were up (June 2012 to June 2013) by 15.1% and 14.2% respectively. 

The inventory of available homes for sale remains a concern as it continues to decrease, down by 22% 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:

June 2013 market detail for Florida Single Family

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

June 2013 Monthly Market Detail Florida Single Family Homes

May 2013 Monthly Market Detail St Lucie County Townhouses and Condos

07.01.13 by

May 2013 Monthly Market Detail St Lucie County Townhouses and Condos

Excellent activity continues for the May 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors.   Year to year closed sales were up by 12.5% and new sales under contract (new pending sales) increased by 43.4%

The median sales price dipped slightly by 4.1% and the average sales price was off by 1.1% from May of last year. 

The inventory of available townhouses and condos have decreased to 884 units which id down by 26.9% from last May.  Current supply of inventory is now 8.5 months (a 41.4% decrease from last year).   While these results are not quite as strong as in the single family market, they still show strong gains from previous years.  It is just a matter of time before prices start rising a bit more dramatically.  This current environment is an excellent opportunity for buyers looking into the Saint Lucie County real estate market for townhouses and condos.

 

[singlepic id=3706 w=700 h=700 float=center]

 

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

May 2013 Monthly Market Detail St Lucie County Townhouses and Condos

May 2013 Monthly Market Detail St Lucie County Single Family Homes

06.30.13 by

May 2013 Monthly Market Detail St Lucie County Single Family Homes

Continuing the positive trend for the May 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors.   Year to year closed sales were up by 6.7% and new sales under contract (new pending sales) increased by 59%!!

Both median and average sales prices were up (May 2012 to May 2013) by 21.4% and 12.1% respectively. 

One item of concern is the active inventory which continues to decrease significantly (47.5%).  Current supply of inventory is only 3.9 months (a 57% decrease from last year).  For May 2013 it was a strong sellers market in the St Lucie County area.  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.

[singlepic id=3705 w=700 h=700 float=center]

 

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

May 2013 Monthly Market Detail St Lucie County Single Family Homes

May 2013 Monthly Market Detail Martin County Townhouses and Condos

06.29.13 by

May 2013 Monthly Market Detail Martin County Townhouses and Condos

Another set of positive results reported by Florida Realtors for the May 2013 Monthly Market Detail Martin County Townhouses and Condos.   Year to year closed sales were up by 28% and new sales under contract (new pending sales) increased by a very impressive 56.6%

The median sales price decreased by 5.5% while the average sales price rose by 9.74% as compared to May of 2012.

The inventory of available townhouses and condos have decreased to 612 units which is a decrease of 28.4% from last May.  Current supply of inventory is only 6.2 months (a 39.2% decrease from last year).  For the Martin County townhouse and condo market, these results are very similar to our single family home market as both segments rapidly approach a balanced market that favors neither the buyer nor seller.

[singlepic id=3704 w=700 h=700 float=center]

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

May 2013 Monthly Market Detail Martin County Townhouses and Condos

May 2013 Monthly Market Detail Florida Single Family Homes

06.25.13 by

May 2013 Monthly Market Detail Florida Single Family Homes

Another positive month of results reported by Florida Realtors for the May 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida.  All indices have moved in a positive direction.  Year to year closed sales were up by 18.7% and new sales under contract (new pending sales) increased by 30.8%.

Both median and average sales prices were up (May 2012 to May 2013) by 15.9% and 11.4% respectively. 

One item of concern is the active inventory which has decreased by 23.7%.  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.

[singlepic id=3701 w=700 h=700 float=center]

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

May 2013 Monthly Market Detail Florida Single Family Homes

April 2013 Monthly Market Detail St. Lucie County Townhouses and Condos

06.02.13 by

April 2013 Monthly Market Detail St. Lucie County Townhouses and Condos

Good activity continues as reported by Florida Realtors for the April 2013 Monthly Market Detail St. Lucie County Townhouses and Condos.   Year to year closed sales were up by 12.4% and new sales under contract (new pending sales) increased by 56%

Both the median and average sales prices have shown gains this month of 18,7% and 6.5% respectively. 

The inventory of available townhouses and condos have decreased to 904 units which id down by 26% from last April.  Current supply of inventory is now 8.8 months (a 40.9% decrease from last year).   While these results are not quite as strong as in the single family market, they still show strong gains from previous years.  It is just a matter of time before prices start rising a bit more dramatically.  This current environment is an excellent opportunity for buyers looking into the Saint Lucie County real estate market for townhouses and condos.

April 2013 Market Detail Saint Lucie County Townhouses and Condos

Here’s the summary chart from the Florida Realtors report:

 

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

April 2013 Monthly Market Detail St. Lucie County Townhouses and Condos

April 2013 Monthly Market Detail St. Lucie County Single Family Homes

06.01.13 by

April 2013 Monthly Market Detail St. Lucie County Single Family Homes

Another strong month as reported by Florida Realtors for the April 2013 Monthly Market Detail St. Lucie County Single Family Homes.   Year to year closed sales were up by 20.9% and new sales under contract (new pending sales) increased by over 70%!!

Both median and average sales prices were up (April 2012 to April 2013) by 15% and 11.8% respectively. 

One item of concern is the active inventory which has decreased by almost half (48.7%).  Current supply of inventory is only 3.9 months (a 58.2% decrease from last year).  For April 2013 it was a strong sellers market in the St. Lucie County area.  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.April 2013 Market Detail Saint Lucie County Single Family

Here’s the summary chart from the Florida Realtors report:

 

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

April 2013 Monthly Market Detail St. Lucie County Single Family Homes

April 2013 Monthly Market Detail Martin County Townhouses and Condos

05.31.13 by

April 2013 Monthly Market Detail Martin County Townhouses and Condos

Another set of positive results reported by Florida Realtors for the April 2013 Monthly Market Detail Martin County Townhouses and Condos.   Year to year closed sales were up by an impressive 39.7% and new sales under contract (new pending sales) increased by  45.8%

The median and average sales prices also increased by 33.9% and 13.4% respectively from April of 2012.

The inventory of available townhouses and condos have decreased to 645 units which id down by 26.3% from last April.  Current supply of inventory is only 6.7 months (a 36.7% decrease from last year).  For the Martin County townhouse and condo market, these results are very similar to our single family home market as both segments rapidly approach a balanced market that favors neither the buyer nor seller.

Here’s the summary chart from the Florida Realtors report:April 2013 Market Detail Martin County Townhouses and Condos

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

April 2013 Monthly Market Detail Martin County Townhouses and Condos