St Lucie County Townhouses and Condos October 2021 Market Report

St Lucie County Townhouses and Condos October 2021 Market Report

The St Lucie County Townhouses and Condos market had weaker sales activity than last October. Mostly because of the extremely low inventory of available homes as well as the rapid appreciation of prices. Closed sales were down by 38.9% from last year (were down by 26.9% in September). New pending sales were down by 24.4% for October (they were down by 35.6% last month).

Prices, once again, rose in October. The median price increased by 29.6% from last year (was up by 20.5% in September) and the average sales price increased by 23.0% (was up by 23.5% in September).

The inventory of available townhouses and condos increased by 5 units from last month to 180 residences. This is 50.3% less inventory than we had in October 2020. The current inventory supply is 1.3 months, as compared to 3.5 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a sellers’ market, mainly because of the decrease in inventory. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos October 2021 Market Report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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 Townhouses and Condos October 2021 Market Report

Martin County Townhouses and Condos October 2021 Market Report

Martin County Townhouses and Condos October 2021 Market Report

The Martin County Townhouses and Condos had weaker sales activity than last October. Mostly because of the low inventory of available homes as well as the rapid appreciation of prices. Closed sales for the month were down by 18.4%.  They were down by 2.5% in September.  New sales under contract (new pending sales) were down by 12.8% from last year.  They were down by 17.0% in September.

Prices, however, continued to rise in October.  The median sales price increased by 16.5% (was up by 21.3% last month). While the average sales price increased by 15.3% (was up by 35.3% in September).

The inventory of available townhouses and condos decreased by 12 units to 105 properties.  This is a 63.3% smaller supply of inventory than we had in October 2020.  Currently, there’s a 0.9 months supply of inventory (compared to 3.0 months for October 2020).  We remain in a seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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 Townhouses and Condos October 2021 Market Report

Empress Condos on Hutchinson Island November 2021 Market Report

Empress Condos on Hutchinson Island November 2021 Market Report

For November 2021, there are no condos available for sale in the Empress Condos of Hutchinson Island

There is 1 condo currently under contract. The list price was $525,000 or $404.16 per sq. ft. of living area.  This condo was on the market for 77 days before going under contract.

In the past 12 months, 5 Empress condos have sold.  Sales prices ranged from $299,999 up to $560,000.  This is an average sales price of $488,000 which works out to $354.89 per sq. ft. of living area.  These condos sold for an average of 98% of the list price and went under contract in an average of 116 days.

Click here to view previous Empress market reports

About the Empress on Hutchinson Island in Jensen Beach:

The Empress condos on Hutchinson Island in Jensen Beach Florida
Google Earth image

Empress condos for sale:

The Empress of Jensen Beach on Hutchinson Island is an upscale 15 story oceanfront condo building with 115 residences. It was completed in 1988.  Located just a couple of miles north of the Jensen Beach Causeway, the Empress is just a short drive to downtown Jensen as well as various shops and restaurants available on Hutchinson Island.

There are various sizes and configurations of condos in the Empress ranging from very spacious 4 bedroom, 3 bathroom units of 2,804 sq. ft. of living area, along with 3 bedrooms, 2 bath units of 1,505 sq. ft. with the remainder 2 bedrooms, 2 bathroom condos of either 1,500 or 1,299 sq. ft. of living area.

Recent Empress condo sales:

There is ample assigned and guest parking plus an additional 40 covered detached garages that can be bought and sold between Empress residents.  Other community amenities include a pool, Jacuzzi, sun deck, card room, clubhouse with kitchen, ping pong, billiards, exercise room, sauna, tennis courts, golf practice net, car wash area and dune walk to the beach.

1 small pet under 20 lbs. is allowed and rentals are also allowed with some restrictions.  Garage owners have some additional fees.

The Empress Condos of Hutchinson Island

Looking for a carefree oceanfront lifestyle on Hutchinson Island in Jensen Beach?  Empress Condos might just be the right choice.

Click here for currently available Empress Condos for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you November wish to consider:
Admiral  Atlantis  Claridge  Dune Walk  Island Club –  Island Crest  Island Dunes  Islandia  Miramar  Miramar Royale  Ocean Dunes  Oceana North  Oceana Oceanfront  Oceana South  Ocean Towers  Oceanrise  – Ocean Bay Villas  Princess –  Regency Sand Dollar Shores  Sea Winds  Villa del Sol

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.

Empress Condos on Hutchinson Island November 2021 Market Report

St Lucie County Townhouses and Condos September 2021 Market Report

St Lucie County Townhouses and Condos September 2021 Market Report

The St Lucie County Townhouses and Condos market had weaker sales activity than last September. Mostly because of the low inventory of available homes as well as the rapid appreciation of prices. Closed sales were down by 26.9% from last year (were down by 16.9% in August). New pending sales were down by 35.6% for September (they were down by 16.2% last month).

Prices, however, rose in September. The median price increased by 20.5% from last year (was up by 11.0% in August) and the average sales price increased by 23.5% (was down by 0.3% in August).

The inventory of available townhouses and condos increased by 1 unit from last month to 175 residences. This is 54.8% less inventory than we had in September 2020. The current inventory supply is 1.2 months, as compared to 4.0 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a sellers’ market, mainly because of the decrease in inventory. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos September 2021 Market Report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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 Townhouses and Condos September 2021 Market Report

Martin County Townhouses and Condos September 2021 Market Report

Martin County Townhouses and Condos September 2021 Market Report

The Martin County Townhouses and Condos had weaker sales activity than last September. Mostly because of the low inventory of available homes as well as the rapid appreciation of prices. Closed sales for the month were down by 2.5%.  They were down by 2.8% in August.  New sales under contract (new pending sales) were down by 17.0% from last year.  They were up by 6.6% in August.

Prices, however, continued to rise in September.  The median sales price increased by 21.3% (was up by 14.0% last month). While the average sales price increased by 35.3% (was up by 31.4% in August).

The inventory of available townhouses and condos decreased by 18 units to 117 properties.  This is a 60.9% smaller supply of inventory than we had in September 2020.  Currently, there’s a 1.0 month supply of inventory (compared to 3.3 months for September 2020).  We remain in a seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos September 2021 Market Report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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 Townhouses and Condos September 2021 Market Report