St Lucie County Townhouses and Condos February 2017 Market Detail
The St Lucie County Townhouses and Condos Market Detail for February 2017 showed a stronger month from last year as well as last month. Closed sales were up by 1.4% from last year (was down 12.3% in January) while new pending sales increased by 5.8% (was up by 2.0% in January).
Values shot higher for February with the median price up by 41.6% (was up by 11.1% in January) while the average sales price increased by 17.5% (was down by 1.4% in January). I’ve been expecting prices to moderate for some time so this increase was quite a surprise.
The inventory of available townhouses and condos increased by 20 units from last month to 604 units, which is 9.3% less than February 2016. The current supply is 6.3 months, which is 4.5% lower than the 6.6 months of inventory last year. The St Lucie County townhouses and condos continues as a balanced market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.
Click here to view or download the full report:
St Lucie County Townhouses and Condos February 2017 Market Detail
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.
Leave a Reply