Search Results for: st lucie county market report

February 2014 Monthly Market Detail St Lucie County Townhouses and Condos

04.04.14 by

February 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The February 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors once again showed some disappointing results after a good start to the year in January.  Year to year closed sales were down by 8.2% (was up by 12.3% in January) while new sales under contract (new pending sales) decreased by 28.2% (was  down by 9.1% in January).  This decreased volume is concerning.  Most of it, I suspect, is from the rapid price increases this past year, though with this month, this appears to be easing as well.

The median sales price up by 15% (up 4.3% in January) and the average sales price dropped by 14.4% (was up by an impressive 45.2% in January).

The inventory of available townhouses and condos decreased by 10 units from last month to 901 units which is still down by 8.1% from last February.  Current supply of inventory remained unchanged from last month to 9.4 months (still an 4.6% decrease from last year).   This is a buyers market at present and the lower prices will most likely continue until inventory and closed sales pick up.

Monthly Market Detail - February 2014 St. Lucie County Townhouses and Condos

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

February 2014 Monthly Market Detail St Lucie County Townhouses and Condos

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

February 2014 Monthly Market Detail Martin County Townhouses and Condos

04.02.14 by

February 2014 Monthly Market Detail Martin County Townhouses and Condos

February 2014 Monthly Market Detail Martin County Townhouses and Condos report showed some disappointing results as to volume of activity, though prices continued to soar.  Year to year closed sales were down by 1% (was up by 4.3% in January) while new sales under contract (new pending sales) decreased by 27% (was down 20.9% in January).

The median sales price increased by 17.6% (was up by 15.2% in January) while the average sales price increased by 20.6% (was up 15.2% in January) as compared to February of 2013.  These large price increases are most likely responsible for the drop in volume as many buyers are simply being priced out of the market.

 The inventory of available townhouses and condos has decreased by 3 to 635 units from last month which is 15% less inventory than was available in February of 2013.  With values going up as much as they have, I would have expected higher inventory levels.  The current supply of inventory is 6.4 months (a 24.4% decrease from last year).

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

February 2014 Monthly Market Detail Martin County Townhouses and Condos

February 2014 Monthly Market Detail Martin County Single Family Homes

04.01.14 by

February 2014 Monthly Market Detail Martin County Single Family Homes

The February 2014 Monthly Market Detail Martin County Single Family Homes continues with mostly positive news, though at a considerably reduced rate of appreciation and volume.  New pending sales were off by 30.4% as compared to February of 2013 (decreased by 18.8% in January).  The reduced number of pending sales are an possible indication of slower closed volume in the coming months. Year to year closed sales were up by 10.8% (was up 29.9% in January).

The median sales price was up by 5.7% from last year (up by 24.7% in January) while the average price dropped by 18.3% (was down by 8.5% last month).  The slowing rate of appreciation will help future sales as the fairly dramatic increases of last year simply priced to many buyers out of the market.

The inventory of available single family homes increased from January 2014 to 1,368 units this month, and this is a 10.3% increase from last February.  Current supply of inventory is only 7 months (a 9.6% decrease from last year).  If this trend continues we’ll be back into a buyers market in Martin County for single family homes next month.  Though indications of activity for March seem to be fairly positive.

Monthly Market Detail - February 2014 Martin County Single Family Homes

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

February 2014 Monthly Market Detail Martin County Single Family Homes

February 2014 Monthly Market Detail Florida Townhouses and Condos

03.31.14 by

February 2014 Monthly Market Detail Florida Townhouses and Condos

For the February 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida activity slowed considerably as compared to last year.  Hopefully, this is just a one month issue.   Year to year closed sales were down by 6.8% as compared to last months increase of 9.3% and new sales under contract (new pending sales) decreased by 14.5% (January’s decrease was 6%). 

Both median and average sales prices were up (year to year) by 15.2% and 13.9% respectively (in January it was 17% and 21%).  I suspect that these very strong price gains are what is now slowing the sales activity as many buyers are simply being priced out of the market.

Inventory rose for the fourth month in a row, by 3.7%.  The rising inventory should produce some pressure to moderate the price increases.  This should help regain the momentum of sales.

Monthly Market Detail - February 2014 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:  February 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.

February 2014 Monthly Market Detail Florida Townhouses and Condos

February 2014 Monthly Market Detail Florida Single Family Homes

03.30.14 by

February 2014 Monthly Market Detail Florida Single Family Homes

The February 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed some moderating activity for the state.    Year to year closed sales were up, but only by 1.5% (was up by 10.2% in January) and new sales under contract (new pending sales) decreased by 5.5% (was up by 0.7% in January).

Both median and average sales prices were up ( February 2013 to February 2014) by 10% and 11% respectively, compared to January’s 12.1% and 19.9%.   While still very positive numbers, the rate of appreciation appears to be slowing.

The inventory of available homes for sale increased by 13% from last year.  This is now the fifth 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.

Florida Single Family Feb 2014

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

February 2014 Monthly Market Detail Florida Single Family Homes

St Lucie County Townhouse and Condo Sales 2013 Yearly Review

03.11.14 by

St Lucie County Townhouse and Condo Sales 2013 Yearly Review

For the St Lucie County Townhouse and Condo Sales 2013 Yearly Review indicated strong activity but at a reduced volume as compared to 2012.  Year to year closed sales were up by 7.5% as compared to 2012 which saw an increase of 24.2% and new sales under contract (new pending sales) increased by 30.9% (2012 saw a n increase of 38.6%).

St Lucie County Townhouse and Condo Sales 2013 Yearly Review

Both median and average sales prices were up (year to year) by 26.2% and 16.1% respectively (2012 numbers were 18.5% and 14.7%).  Very significant gains that may explain why the reduced volume of sales for this year as townhouses and condos become less affordable.

Inventory decreased by 11.1% as compared to 2012’s decrease of 24.4%. While the supply of inventory dropped to 8.8 months as compared to 9.6 months for 2012.  Still in a buyer’s market for Saint Lucie County townhouses and condos.

 To view the full report click on the graphic above or the link below:
St Lucie County Townhouse and Condo Sales 2013 Yearly Review

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.

St Lucie County Townhouse and Condo Sales 2013 Yearly Review

St Lucie County Single Family Home Sales 2013 Yearly Review

03.10.14 by

St Lucie County Single Family Home Sales 2013 Yearly Review

The St Lucie County Single Family Home Sales 2013 Yearly Review as reported by Florida Realtors indicates that Saint Lucie County had excellent market activity for single family homes throughout the year of 2013.  Unfortunately, not quite as strong as 2012 in terms of volume of sales.  Year to year closed sales were up by 7.5% (was up by 16.% in 2012) and new sales under contract (new pending sales) increased by 30.9% (was up by 44.7% in 2012).

St Lucie County Single Family Home Sales 2013 Yearly Review

Both median and average sales prices were up (2012 to 2013) by 20% and 13.4% respectively.   Showing strong gains in value.  These numbers were 5.3% and 1.8% respectively in 2012.  This large increase in values is why the rate of sales has fallen for 2013 as homes become more expensive and less affordable.

The inventory of available homes for sale increased by 11.9% from 2012 (When there was a 38.1% decrease).  While the months supply of homes increased slightly to 5.2 months from 5 months for 2012.  Still in a strong sellers market for Saint Lucie County.

To view the full report click on the graphic above or the link below:
St Lucie County Single Family Home Sales 2013 Yearly Review

To view the complete 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.

St Lucie County Single Family Home Sales 2013 Yearly Review

Martin County Townhouse and Condo Sales 2013 Yearly Review

03.08.14 by

Martin County Townhouse and Condo Sales 2013 Yearly Review

For the Martin County Townhouse and Condo Sales 2013 Yearly Review showed a continued strengthening of this segment of the Martin County real estate market.   Year to year closed sales were up by 14.5% as compared to 2012 which saw an increase of 5.2% and new sales under contract (new pending sales) increased by 29.2% (2012 saw a n increase of 15%).

Martin County Townhouse and Condo Sales 2013 Yearly Review

 

Both median and average sales prices were up (year to year) by 14.9% and 12.3% respectively (2012 numbers were 3.9% and 5.4%).  Very significant gains, especially when compared to recent years.

Inventory decreased by 17.5% as compared to 2012’s decrease of 17%. While the supply of inventory dropped to 6.3 months as compared to 8.7 months for 2012.  A balanced market for Martin County townhouses and condos.  I’m a bit concerned over the continued decrease in available inventory as this will lead to reduced numbers in the future.  Though, as prices continue to gain, I expect inventories to rise as well.

 To view the full report click on the graphic above or the link below:
Martin County Townhouse and Condo Sales 2013 Yearly Review

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.

Martin County Townhouse and Condo Sales 2013 Yearly Review

Martin County Single Family Home Sales 2013 Yearly Review

03.07.14 by

Martin County Single Family Home Sales 2013 Yearly Review

The Martin County Single Family Home Sales 2013 Yearly Review as reported by Florida Realtors indicates just how strong the market performed in 2013 for the Martin County single family housing market.   Year to year closed sales were up by 19.5% (was up by 16.8% in 2012) and new sales under contract (new pending sales) increased by 36.7% (was up by 29% in 2012).

Martin County Single Family Home Sales 2013 Yearly Review

 

Both median and average sales prices were up (2012 to 2013) by 12.6% and 5.5% respectively.   Showing strong gains in value.  These numbers were 3.1% and 1.2% respectively in 2012.

The inventory of available homes for sale increased by only 2.7% from 2012.  While the months supply of homes decreased to 6.5.  Indicating a balanced market, where neither the seller or buyer has an advantage.

To view the full report click on the graphic above or the link below:
Martin County Single Family Home Sales 2013 Yearly Review

To view the complete 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.

Martin County Single Family Home Sales 2013 Yearly Review

January 2014 Monthly Market Detail St Lucie County Townhouses and Condos

03.01.14 by

January 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The January 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors had a very positive start to 2014 after a number of disappointing last four months of 2013 for the townhouse and condo segment of the Saint Lucie County real estate market.  Year to year closed sales were up by 12.3% (was down by 19.4% in December) while new sales under contract (new pending sales) decreased by 9.1% (was  down by 29.1% in December).

Values continue to rise as the median sales price up by 4.3% (up 37.1% in December) and the average sales price rose by 45.2% (was up by 38.8% in December).

January 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The inventory of available townhouses and condos increased from last month to 911 units which is still down by 6.5% from last January.  Current supply of inventory remained unchanged from last month to 9.4 months (still an 8.8% decrease from last year).   Back into a buyer’s market.  Unfortunately the low inventory along with the rapid increase in values is hurting the volume of condo and townhouse sales in St. Lucie County.  Once inventory starts to rise, I expect the volume to pick up as well.

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

January 2014 Monthly Market Detail St Lucie County Townhouses and Condos

January 2014 Monthly Market Detail St Lucie County Single Family Homes

02.28.14 by

January 2014 Monthly Market Detail St Lucie County Single Family Homes

January 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors closed out 2013 continues to show strong activity, though at a continued reduced pace that we first noticed in the last couple of months of 2013.  Closed sales from last year were up by 4.8% (in December they were down by 6.9%) and new sales under contract (new pending sales) decreased by 12.9% (they were down by 30% last month).

Both median and average sales prices were up (year to year) by 9.5% and 14.1% respectively from last January. 

January 2014 Monthly Market Detail St Lucie County Single Family Homes

The inventory of active listings rose in January (from last month) to 2247 homes, which is also an increase of 14.2% from last year.  Current supply of inventory is only 5.2 months (a 7.8% increase from last year).   Still a strong sellers market for Saint Lucie County single family homes for sale.  Though the pace is definitely moderating for the past 3 months.

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

January 2014 Monthly Market Detail St Lucie County Single Family Homes

January 2014 Monthly Market Detail Martin County Townhouses and Condos

02.27.14 by

January 2014 Monthly Market Detail Martin County Townhouses and Condos 

January 2014 Monthly Market Detail Martin County Townhouses and Condos report began the year with continued signs of a slowing momentum, but still mostly positive overall results from previous years.   Even though price rises have moderated a bit this month, I’m expecting to see more increases in value until the inventory begins to increase.  Year to year closed sales were up by 4.3% (down by 9% in December) while new sales under contract (new pending sales) decreased by 20.9% (was up 8.1% in December).

January 2014 Monthly Market Detail Martin County Townhouses and Condos

The median sales price increased by 15.2 % (was up a whopping 45% in December) while the average sales price increased by 3.7% (was up 10.4% in December) as compared to January of 2013.

 The inventory of available townhouses and condos has increased by 15 to 638 units from last month, but this is still down from January of 2013 by 19.6%.  Current supply of inventory is 6.4 months (a 29.9% decrease from last year).  The Martin County townhouse and condo market is fairing much better than many other areas of the state.

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

January 2014 Monthly Market Detail Martin County Townhouses and Condos

January 2014 Monthly Market Detail Martin County Single Family Homes

02.26.14 by

January 2014 Monthly Market Detail Martin County Single Family Homes

The January 2014 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors began 2014 with mostly a positive start.  Only negative was that new pending sales were off by 18.8% from last year (increased by 9.5% in December).  Closed sales were up by 29.9% (was 17.8% in December).

The median sales price was up by 24.7% from last year while the average price dropped by 8.5%.  This is not an indication of rising or lowering values, but rather the mix of homes that have sold this month.   Generaly values are in fact rising at a fairly moderate pace overall, though individual locations will vary.

January 2014 Monthly Market Detail Martin County Single Family Homes

The inventory of available single family homes increased from December 2013 to 1,355 units, and this is an 8.3% increase from last January.  Current supply of inventory is only 6.9 months (a 9.6% decrease from last year).  We continue to be in a balanced market for residential sales in Martin County.  A continues strong market to begin 2014.

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

January 2014 Monthly Market Detail Martin County Single Family Homes

January 2014 Monthly Market Detail Florida Townhouses and Condos

02.25.14 by

January 2014 Monthly Market Detail Florida Townhouses and Condos

For the January 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida a mostly positive result to begin the year as compared to the start of 2013.   Though more positive results than they were for last month.   Year to year closed sales were up by 9.3% as compared to last months decrease of 2.5% and new sales under contract (new pending sales) decreased by 6% (December’s decrease was 8.7%).

January 2014 Monthly Market Detail Florida Townhouses and Condos 

Both median and average sales prices were up (year to year) by 17% and 21% respectively.  Very significant gains.

Inventory rose for the third month in a row, by 3.5%.  If the inventory keeps rising, I expect to see some increases in the sales volume and a leveling off or a moderation to the pretty dramatic price increases we’ve experienced last year.

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:  January 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.

January 2014 Monthly Market Detail Florida Townhouses and Condos

January 2014 Monthly Market Detail Florida Single Family Homes

02.24.14 by

January 2014 Monthly Market Detail Florida Single Family Homes

The January 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors began 2014 with all positive results as compared to the start of 2013.  Both closed and pending sales were up.   Year to year closed sales were up by 10.2% (was up by 8.6% in December) and new sales under contract (new pending sales) increased by 0.7% (was down by4.2% in December).

January 2014 Monthly Market Detail Florida Single Family Homes

Both median and average sales prices were up ( January 2013 to January 2014) by 12.1% and 19.9% respectively.   Very good results compared to the past few months when values increased, but at a much slower rate.

The inventory of available homes for sale increased by 15% from last year.  This is now the fourth 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.  We do need to watch that inventory levels don’t rise so much as to have a negative effect on prices (law of supply and demand).  It does appear that even with the increasing inventory the traffic for the new year is quite high and I expect some strong results for next month.

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

January 2014 Monthly Market Detail Florida Single Family Homes

Martin County Condo Sales Report December 2013

02.05.14 by

Martin County Condo Sales Report December 2013

 Commentary:

The Martin County Florida Condo Sales report for December 2013 ended the year with some modestly positive gains.  Closed sales for December were up to 69 units as compared to 54 for December of 2012 and 47 for last month.  The median price made a big jump to $165,000 as compared to last year’s $100,950 and last month’s $125,000.  Inventory decreased for the first time in three months, and we continue to have fewer condos available for sale as compared to 2012.

The one month absorption rate dropped to 8.07 months from last months 11.91 months, while the three-month average is now at 9.73 months (compared to last year’s 12.06).  The condo market for Martin County continues to be a buyers market though the numbers continue to improve.  Generally an absorption rate of 6 or 7 months is considered a balanced market.

Considering that December is typically a weak month for the condo market, we did very well for the close of 2013.

Click on the charts for a larger view:

Martin County Condo Sales Report December 2013

Absorption rate for Martin County Condo Sales Report December 2013

 The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

Martin County Condo Sales Report December 2013

Volume graph for Martin County Condo Sales Report December 2013

 

Martin County Condo Sales Report December 2013

Price graph for Martin County Condo Sales Report December 2013

 

Martin County Condo Sales Report December 2013

Trend for Martin County Condo Sales Report December 2013



 Data compiled from the Realtor Association of Martin County

Martin County Condo Sales Report December 2013

the Gabe Sanders real estate team

Condo Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

For more information about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate


Martin County Home Sales Report December 2013

02.04.14 by

Martin County Home Sales Report December 2013

 Commentary:

The Martin County Home Sales Report for December 2013 showed quite impressive results to end of a very good year for local residential home sales.  Closed sales were up to 192 homes as compared to last month’s 147 homes and also from last years 166 homes.  The average and median sales prices were down from last month, though significantly higher than last December.

The one month absorption rate for December 2013 decreased significantly to 6.31 months (from 7.92 months in November and 6.93 months for December 2012), and the three-month average is now 6.96 months.  A 6 to 7 month absorption rate is considered to be a balanced market.  Currently a balanced market, which is a healthy market!

Please contact us if you have any difficulty interpreting these charts.
  Clicking on the chart will produce a larger view.

Martin County Home Sales Report December 2013

Absorption Rate for Martin County Home Sales Report December 2013

 The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

Martin County Home Sales Report December 2013

Volume Graph for Martin County Home Sales Report December 2013

 

Martin County Home Sales Report December 2013

Price chart for Martin County Home Sales Report December 2013

 

Martin County Home Sales Report December 2013

Trend for Martin County Home Sales Report December 2013

Data compiled from the Realtor Association of Martin County

Martin County Home Sales Report December 2013

the Gabe Sanders real estate team

Residential Home, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

For more information about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate

December 2013 Monthly Market Detail St Lucie County Townhouses and Condos

01.31.14 by

December 2013 Monthly Market Detail St Lucie County Townhouses and Condos

Unfortunately the December 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed another month of decreasing sales volume as compared to last year.  This is now four months in a row.  This is one of the most under performing sectors in the Treasure Coast and Florida in general for volume.   Year to year closed sales were down by 19.4% (was down by 17.5% in November) while new sales under contract (new pending sales) decreased by 29.1% (was  down by 5.4% in November

Though values were considerably higher this year with the median sales price up by 37.1% (up 40% in November) and the average sales price rose by 38.8% (was up by 31.4% in November).

December 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The inventory of available townhouses and condos decreased from last month to 841 units which is a decrease of 11.1% from last December.  Current supply of inventory remained unchanged from last month to 8.8 months (still an 8.3% decrease from last year).   Unfortunately the low inventory along with the rapid increase in values is hurting the volume of condo and townhouse sales in St. Lucie County.  Once inventory starts to rise, I expect the volume to pick up as well.

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

December 2013 Monthly Market Detail St Lucie County Townhouses and Condos

December 2013 Monthly Market Detail St Lucie County Single Family Homes

01.30.14 by

December 2013 Monthly Market Detail St Lucie County Single Family Homes

December 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors closed out 2013 with some weaker than expected activity in terms on volume, though most other statistics are quite positive year to year.  Closed sales were  from last year were down by 6.9% (in November they were up by 3.3%) and new sales under contract (new pending sales) decreased by 30% (they were down by 23.9% last month).

Both median and average sales prices were up (year to year) by 19.2% and 12% respectively year to year. 

December 2013 Monthly Market Detail St Lucie County Single Family Homes

 

The inventory of active listings rose in December (from last month) to 2224 homes, also an increase of 11.9% from last year.  Current supply of inventory is only 5.2 months (a 4.1% increase from last year).   Still a strong sellers market for Saint Lucie County single family homes for sale.  Though the pace seems to be slacking a bit.

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:
December 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.

December 2013 Monthly Market Detail St Lucie County Single Family Homes