September 2013 Monthly Market Detail St Lucie County Townhouses and Condos
The September 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed an unexpected drop from last years numbers. Year to year closed sales were down by 28.6% (was down by4% in August) while new sales under contract (new pending sales) decreased by 18% (was up by 4.9% in August
Prices continued to rise however, year to year, with the median sales price up by 12.6% (up 69.4% in August) and the average sales price rose by 14.6% (was up by 38.2% in August).
The inventory of available townhouses and condos decreased from last month to 785 units which is a decrease of 18.1% from last September. Current supply of inventory is now 7.9 months (a 22.9% decrease from last year). This is the only segment of the Treasure Coast real estate market to show a decrease of closed sales (year to year). The townhouse and condo markets are much more seasonally affected as more buyers in this segment tend to be ‘snowbirds’ and we may continue with weak results for the next few months.
Please see the entire Saint Lucie County townhouse and condo market detail by clicking the links below:
Click here to view or download the full report:
September 2013 Monthly Market Detail St Lucie County Townhouses and Condos
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
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