Search Results for: st lucie county market report

January 2015 Monthly Market Detail Florida Single Family Homes

02.24.15 by

January 2015 Monthly Market Detail Florida Single Family Homes

The January 2015 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors indicates continued growth of market activity for the single family real estate market when compared to last January. Closed sales were up by 10% (was up by 15.8% in December) and new sales under contract (new pending sales) increased by 10.5% (was up by 6.4% in December).

Both median and average sales prices continue to rise ( January 2014 to January 2015) by 7.9% and 7.4% respectively, compared to December’s 6.9% and 5.9%.  Once again it seems that prices are poised for some healthy gains as interest rates remain very low making home loans more affordable.

The inventory of available homes for sale rose by 4.4% from last year. This is now a full 16 months of increased inventory.  The rate of inventory increases has declined significantly from previous months and this is an important statistic to watch for the future. For this month there was only a 5.3 months supply of inventory, this is a sellers market with the advantage for sellers. (January of 2014 had a 5.5 month supply)

Florida Single Family Homes

Click here to view or download the full report:

January 2015 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.

January 2015 Monthly Market Detail Florida Single Family Homes

December 2014 Monthly Market Detail St Lucie County Townhouses and Condos

01.31.15 by

December 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The December 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed very strong sales activity for the final month of 2014. Closed sales were up by 29.8% (was down by 22.5% in November) while new sales under contract (new pending sales) increased by 20.2% (was down by 0.9% in November).

The median sales price was up by 8.3% (down 3.7% in November) and the average sales price decreased by 5.1% (was up by 8.1% in November). Prices for townhouses and condos in the St Lucie County market have been erratic for the past few months. With the improving economy and low interest rates, I expect to see increases in 2015.

The inventory of available townhouses and condos increased by 8 units from last month to 683 properties, which is still down by 22.3% from last December. Current supply of inventory remained unchanged from November at 6.5 months. This is 25.3% lower than last year. The St. Lucie County townhouse and condo market remains in a balanced market. It is good to see a continued increase in inventory for December after many months of decreases.

December 2014 Monthly Market Detail St Lucie County Townhouses and Condos

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

December 2014 Monthly Market Detail St Lucie County Townhouses and Condos

December 2014 Monthly Market Detail St Lucie County Single Family Homes

01.30.15 by

December 2014 Monthly Market Detail St Lucie County Single Family Homes

December 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues to produce year to year improvements. Though, for December the volume of sales increases has declined a little, while prices continue to rise quite strongly.  Closed sales from last year were up by 6.7% (in November they were up by 12.7%) and new sales under contract (new pending sales) increased by 10.5% (they were down by 19.9% last month).

Both median and average sales prices were up again (year to year) by 16.3% and 14.8% respectively from last December (For last month these figures were 11.9% and 5.2%).  Better increases than last month and more than double the state averages.

The inventory of active listings decreased in December (from last month) by 46 homes to 1,748, which is also lower than last year’s inventory by 20%. The current supply of inventory is only 3.6 months (a 29.5% decrease from last year). A strong sellers market for the Saint Lucie County single family home market. This reduced inventory is exerting strong pressure on keeping price increases high.  When and if more inventory comes on line, I expect price increases to moderate considerably.

December 2014 Monthly Market Detail St Lucie County Single Family Homes

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

December 2014 Monthly Market Detail St Lucie County Single Family Homes

December 2014 Monthly Market Detail Martin County Townhouses and Condos

01.29.15 by

December 2014 Monthly Market Detail Martin County Townhouses and Condos

December 2014 Monthly Market Detail Martin County Townhouses and Condos ended up the years with strong sales volume though prices were less than for the end of 2013. Year to year closed sales were up by 31.3% (was down by 1.8% in October) as well as new sales under contract (new pending sales) increased by 10.8% from December 2013 (was down by 0.9% in October).

The median sales price was off by 18.2% (was up by 15.8% in October) while the average sales price dropped by 13.6% (was up by 7% in October) as compared to December of 2013.  Prices have risen for most of the past two years and this may just be a one month event.

The inventory of available townhouses and condos has increased by 19 units to 509 properties from last month, though this is 20.5% less inventory than was available in December of 2013.  For December there was a 4.8 month supply of inventory (a 22.8% decrease from last year).  Still a sellers market for townhouses and condos in Martin County for December 2014.

December 2014 Monthly Market Detail Martin County Townhouses and Condos

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

December 2014 Monthly Market Detail Martin County Townhouses and Condos

December 2014 Monthly Market Detail Martin County Single Family Homes

01.28.15 by

December 2014 Monthly Market Detail Martin County Single Family Homes

The December 2014 Monthly Market Detail Martin County Single Family Homes picked up steam in the final month of 2014. Year to year closed sales were down by 8.6% (was up 1.2% in November). New pending sales increased by 13.7% as compared to December of 2013 (increased by 9% in November).

The median sales price was up by 5.9% from last year (down by 1.5% in November) while the average price increased by an impressive 29% (was down by 8.8% last month). We appear to be in somewhat of a roller coaster ride in the past three months as far as prices are concerned.  Though all indications to date show more positive news coming for 2015.

The inventory of available single family homes increased from November 2014 by 25 homes to 1,285 units this month, and is a 4% increase from last December.  Current supply of inventory rose slightly to 6.2 months from last month’s 6.1 (a 6.4% decrease from last year). Martin County single family home sales remain in a balanced market favoring neither the buyer nor seller.

December 2014 Monthly Market Detail Martin County Single Family Homes

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

December 2014 Monthly Market Detail Martin County Single Family Homes

December 2014 Monthly Market Detail Florida Townhouses and Condos

01.26.15 by

December 2014 Monthly Market Detail Florida Townhouses and Condos

The December 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida has bounced back to show better activity after a few a weaker December.  Closed sales were up by 11.3% as compared to last months decrease of 5.4% and new sales under contract (new pending sales) decreased by 1.4% (November’s decrease was 1%).

Both median and average sales prices were up (year to year) by 8.4% and 8.8% respectively (in November they were up by 7.7% and 6.2%). Prices continue to rise at a strong rate for Florida Townhouses and Condos.

The inventory decreased by .01% for December, it was unchanged in November. Now two months of flat inventory. For December 2014 we have a 5.9 months supply of inventory (was 6 months in November) which is up from 5.8% from last year. A 6 months inventory supply is considered a balanced market.  As prices rise, we should see more inventory coming on the market, hopefullt prices won’t be too high to scare potential buyers away.

December 2014 Monthly Market Detail Florida Townhouses and Condos

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report: December 2014 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.

December 2014 Monthly Market Detail Florida Townhouses and Condos

December 2014 Monthly Market Detail Florida Single Family Homes

01.25.15 by

December 2014 Monthly Market Detail Florida Single Family Homes

The December 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed continued strengthening market activity for the single family real estate market when compared to last December. Closed sales were up by 15.8% (was up by 10.7% in November) and new sales under contract (new pending sales) increased by 6.4% (was up by 6.1% in November).

Both median and average sales prices continue to rise ( December 2013 to December 2014) by 6.9% and 5.9% respectively, compared to November’s 3.5% and 3.3%.  Once again it seems that prices are poised for some healthy gains as interest rates remain very low making home loans more affordable.

The inventory of available homes for sale rose by 1.2% from last year. This is now a full 15 months of increased inventory.  The rate of inventory increases has declined significantly from previous months and this is an important statistic to watch for the future. For this month there was only a 5.2 months supply of inventory, this is a sellers market with the advantage for sellers. (December of 2013 had a 5.5 month supply)

December 2014 Monthly Market Detail Florida Single Family Homes

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

December 2014 Monthly Market Detail Florida Single Family Homes

November 2014 Monthly Market Detail St Lucie County Townhouses and Condos

12.30.14 by

November 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The November 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed slower momentum.  Closed sales were down by 22.5% (was up by 9.9% in October) while new sales under contract (new pending sales) decreased by 0.9% (was down by 5.2% in October). 

The median sales price was down by a 3.7% (up 44.3% in October) and the average sales price increased by 8.1% (was up by 13.3% in October).  Quite a turnaround from last months values.

The inventory of available townhouses and condos increased by 11 units from last month to 675 units which is still down by 24.5% from last November.  Current supply of inventory increased to 6.5 months from the 6.3 month supply in October and is 25.3% lower than last year.  The St. Lucie County townhouse and condo market is slowly drifting out of a balanced market.  It is good to see a continued increase in inventory for November after many months of decreases.November 2014 Monthly Market Detail St Lucie County Townhouses and Condos

 

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

November 2014 Monthly Market Detail St Lucie County Townhouses and Condos

November 2014 Monthly Market Detail St Lucie County Single Family Homes

12.29.14 by

November 2014 Monthly Market Detail St Lucie County Single Family Homes

November 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues to produce strong year to year improvements.  Closed sales from last year were up by 12.7% (in October they were up by 21.4%) and new sales under contract (new pending sales) decreased by 19.9% (they were up by 17.7% last month).

Both median and average sales prices were up again (year to year) by 11.9% and 5.2% respectively from last November (For last month these figures were 12.8% and 8.5%).  A bit slower rate of appreciation than for the past two months, but still very strong gains.

The inventory of active listings decreased in November (from last month) by 36 homes to 1,794, which is now under last year’s inventory by 17.4%.  The current supply of inventory is only 3.4 months (a 26.1% decrease from last year).   A strong sellers market for the Saint Lucie County single family home market.  The reduced inventory will eventually slow down the volume of closed sales while at the same time exerting strong pressure on further price gains.

November 2014 Monthly Market Detail St Lucie County Single Family Homes

 

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

November 2014 Monthly Market Detail St Lucie County Single Family Homes

November 2014 Monthly Market Detail Martin County Townhouses and Condos

12.28.14 by

November 2014 Monthly Market Detail Martin County Townhouses and Condos

November 2014 Monthly Market Detail Martin County Townhouses and Condos showed some decreasing volume of sales.  Year to year closed sales were down by 1.8% (was up by 14% in October) as well as new sales under contract (new pending sales) decreased by 0.9% from November 2013 (was up by 36.6% in October). 

The median sales price was up by 15.8% (was up by 49.8% in October) while the average sales price rose by 7% (was up by 43.5% in October) as compared to November of 2013.  Still very strong price gains, though not as much as the exceptional report from last month.

 The inventory of available townhouses and condos has increased by 3 units to 490 properties from last month which is 23.6% less inventory than was available in November of 2013.   This represents a 4.7 month supply of inventory (a 23.9% decrease from last year).  A sellers market for townhouses and condos in Martin County for November 2014.

November 2014 Monthly Market Detail Martin County Townhouses and Condos

 

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

November 2014 Monthly Market Detail Martin County Townhouses and Condos

November 2014 Monthly Market Detail Martin County Single Family Homes

12.27.14 by

November 2014 Monthly Market Detail Martin County Single Family Homes

The November 2014 Monthly Market Detail Martin County Single Family Homes slowed in closed volume.  Year to year closed sales were down by 1.2% (was up 23.3% in October). New pending sales increased by 9% as compared to November of 2013 (increased by 4.6% in October). 

The median sales price was down by 1.5% from last year (up by 2.6% in October) while the average price decreased by 8.8% (was up by 26.8% last month).  We appear to be in somewhat of a roller coaster ride in the past three months as far as prices are concerned.  Difficult to determine any meaningful trends at this time.

The inventory of available single family homes increased from October 2014 by 7 homes to 1,260 units this month, and is a 0.5% increase from last November.  Current supply of inventory remains unchanged at 6.1 months from last month’s 6.1 (a 10.1% decrease from last year).  Martin County single family home sales remain in a balanced market favoring neither the buyer nor seller.

November 2014 Monthly Market Detail Martin County Single Family Homes

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

November 2014 Monthly Market Detail Martin County Single Family Homes

November 2014 Monthly Market Detail Florida Townhouses and Condos

12.26.14 by

November 2014 Monthly Market Detail Florida Townhouses and Condos

The November 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida is showing a little weakness in year to year volume of sales.  Closed sales were down by 5.4% as compared to last months increase of 7.4% and new sales under contract (new pending sales) decreased by 1% (October’s decrease was 3.3%).

Both median and average sales prices were up (year to year) by 7.7% and 6.2% respectively (in October they were up by 7.7% and 10.3%). These increases in value appear to be moderating a bit after some very large rates in the past few months.

Inventory remained unchanged from last year.  The first month in over a year without an increase (was up by 5.3% in October).  The November 2014 is still a healthy balanced market with a 6 months supply of inventory (was 5.9 months in October) which is up 5.8% from last year.  A 6 months inventory supply is considered a balanced market.

November 2014 Monthly Market Detail Florida Townhouses and Condos

 

Click on the link below or the graphic to see the full market detail report from Florida Realtors:  Click here to view or download the full report:  November 2014 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 2014 Monthly Market Detail Florida Townhouses and Condos

November 2014 Monthly Market Detail Florida Single Family Homes

12.24.14 by

November 2014 Monthly Market Detail Florida Single Family Homes

The November 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed continued improvement for the single family real estate market as compared to last November (2013).  Closed sales were up by 10.7% (was up by 17.8% in October) and new sales under contract (new pending sales) increased by 6.1% (was up by 4.7% in October).

Both median and average sales prices continue to rise ( November 2013 to November 2014) by 3.5% and 3.3% respectively, compared to October’s 4.6% and 6.1%.   We’ve appeared to slow down in the rate of appreciation in the past few months.  This is a good sign as prices will not be forcing as many buyers out of the market.  Historically a 3 to 4% yearly appreciation is very normal for real estate.

The inventory of available homes for sale rose by 2.3% from last year.  This is now a full 14 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 5.3 months supply of inventory, this is a healthy market with a slight edge to sellers. (November of 2013 had a 5.6 month supply)

November 2014 Monthly Market Detail Florida Single Family Homes

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

November 2014 Monthly Market Detail Florida Single Family Homes

October 2014 Monthly Market Detail St Lucie County Townhouses and Condos

12.01.14 by

October 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The October 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed some renewed activity as compared to both the last few months and last year.  Closed sales were up by 9.9% (was up by 12.9% in September) while new sales under contract (new pending sales) decreased by 5.2% (was down by 18.4% in September). 

The median sales price was up by a whopping 44.3% (up 13.1% in September) and the average sales price increased by 13.3% (was up by 9.4% in September).  Like last year, it appears that sales prices are once again on the rise.

The inventory of available townhouses and condos increased by 32 units from last month to 664 units which is down by 23.9% from last October.  Current supply of inventory increased to 6.3 months from the 6.1 month supply in September and is 25.4% lower than last year.  The St. Lucie County townhouse and condo market is in a balanced market.  It was nice to see an increase in inventory for october after many months of decreases.

October 2014 Monthly Market Detail St Lucie County Townhouses and Condos

 

 Click here to view or download the full report:
October 2014 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 2014 Monthly Market Detail St Lucie County Townhouses and Condos

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 Martin County Townhouses and Condos

11.29.14 by

October 2014 Monthly Market Detail Martin County Townhouses and Condos

October 2014 Monthly Market Detail Martin County Townhouses and Condos showed another month of strong gains.  Compared to the Florida state activity, Martin County is outperforming the average in activity and price  Year to year closed sales were up by 14% (was up by 22.2% in September) as well as new sales under contract (new pending sales) rose by 36.6% from October 2013 (was up by 44% in September). 

The median sales price jumped by 49.8% (was down by 1% in September) while the average sales price rose by 43.5% (was down by 0.4% in September) as compared to October of 2013.  We had some small decreases in September, but for October we are seeing some exceptional value increases.

 The inventory of available townhouses and condos has decreased by 27 units to 487 properties from last month which is also 20.8% less inventory than was available in October of 2013.   This represents a 4.7 month supply of inventory (a 20.5% decrease from last year).  A sellers market for townhouses and condos in Martin County for October 2014.

October 2014 Monthly Market Detail Martin County Townhouses and Condos

 

 Click here to view or download the full report:  October 2014 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 2014 Monthly Market Detail Martin County Townhouses and Condos

October 2014 Monthly Market Detail Martin County Single Family Homes

11.28.14 by

October 2014 Monthly Market Detail Martin County Single Family Homes

The October 2014 Monthly Market Detail Martin County Single Family Homes showed a continued strong market with activity significantly outpacing the average for the state of Florida.  Year to year closed sales were up by 23.3% (was up 23.3% in September). New pending sales increased by 4.6% as compared to October of 2013 (increased by 14.1% in September). 

The median sales price was up by 2.6% from last year (up by 4% in September) while the average price increased by 26.8% (was down by .5% last month).  Some considerably better appreciation this month compared to September.

The inventory of available single family homes increased from September 2014 by 24 homes to 1,253 units this month, and is a 2.5% increase from last October.  Current supply of inventory increased to 6.1 months from last month’s  6.0 (a 10% decrease from last year).  Currently, Martin County has a balanced market for single family home sales.

October 2014 Monthly Market Detail Martin County Single Family Homes

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

October 2014 Monthly Market Detail Florida Townhouses and Condos

11.27.14 by

October 2014 Monthly Market Detail Florida Townhouses and Condos

For the October 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida there’s continued growth though at a slower pace than the past year.  Year to year closed sales were up by 7.4% as compared to last months increase of 2.2% and new sales under contract (new pending sales) decreased by 3.3% (September’s decrease was 1.2%).

Both median and average sales prices were up (year to year) by 7.7% and 10.3% respectively (in September they were up by 9.8% and 12%). These fairly large increases can be a mixed blessing as too fast of a rate of appreciation can price many potential buyers out of the market.

Inventory rose for the thirteenth month in a row, by 3.4% (was up by 5.3% in September).  The October 2014 numbers show a continuation of a good strong healthy market for townhouses and condos and is currently a balanced market as there is a 5.9 months supply of inventory (was 5.8 months in September) which is up 6% from last year.  A 6 months inventory supply is considered a balanced market.

October 2014 Monthly Market Detail Florida Townhouses and Condos

 

Click on the link below or the graphic to see the full market detail report from Florida Realtors:  Click here to view or download the full report:  October 2014 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 2014 Monthly Market Detail Florida Townhouses and Condos

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 Townhouses and Condos

10.28.14 by

September 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The September 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed renewed activity as compared to both the last few months and last year.  Closed sales were up by 12.9% (was down by 9.1% in August) while new sales under contract (new pending sales) decreased by 18.4% (was down by 0.8% in August). 

The median sales price was up by 13.1% (up 7.8% in August) and the average sales price increased by 9.4% (was down by 14.2% in August).  Like last year, it appears that sales prices are once again on the rise.

The inventory of available townhouses and condos decreased by 46 units from last month to 632 units which is down by 22.8% from last September.  Current supply of inventory decreased to 6.1 months from the 6.6 month supply in August and is 23.8% lower than last year.  The St. Lucie County townhouse and condo market is drifting back into a buyers market.  An increase in inventory would help this segment grow faster.

September 2014 Monthly Market Detail St Lucie County Townhouses and Condos

 

 Click here to view or download the full report:
September 2014 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 2014 Monthly Market Detail St Lucie County Townhouses and Condos