September 2014 Monthly Market Detail Martin County Townhouses and Condos

10.26.14 by

September 2014 Monthly Market Detail Martin County Townhouses and Condos

September 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 22.2% (was up by 11.8% in August) as well as new sales under contract (new pending sales) rose by 44% from September 2013 (was up by 31.3% in August). 

The median sales price decreased by 1% (was up by 2.3% in August) while the average sales price decreased by 0.4% (was up by 11.7% in August) as compared to September of 2013.  We had some good gains back in August, but for September we are back to steady to decreasing sales values.

 The inventory of available townhouses and condos has decreased by 1 unit to 514 properties from last month which is also 10.8% less inventory than was available in September of 2013.   This represents a 5 month supply of inventory (a 9.8% decrease from last year).  A sellers market for townhouses and condos in Martin County for September 2014.

September 2014 Monthly Market Detail Martin County Townhouses and Condos

 

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

September 2014 Monthly Market Detail Martin County Townhouses and Condos

August 2014 Monthly Market Detail St Lucie County Townhouses and Condos

09.30.14 by

August 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The August 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed decreased activity as compared to last year for the past couple of months.  Closed sales were down by 9.1% (was down by 10.4% in July) while new sales under contract (new pending sales) decreased by 0.8% (was down by 3.4% in July). 

The median sales price was up by 7.8% (down 1.4% in July) and the average sales price decreased by 14.2% (was down by 2.4% in July).  Prices rose very rapidly last year and we are seeing some corrections to the market for the past few months.

The inventory of available townhouses and condos decreased by 42 units from last month to 678 units which is down by 18.5% from last August.  Current supply of inventory decreased to 6.6 months from the 6.9 month supply in July and is 17.5% 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.

St. Lucie County Townhouse and Condo August 2014

 

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

August 2014 Monthly Market Detail St Lucie County Townhouses and Condos

August 2014 Monthly Market Detail Martin County Townhouses and Condos

09.27.14 by

August 2014 Monthly Market Detail Martin County Townhouses and Condos

August 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.  Year to year closed sales were up by 11.8% (was unchanged in July) as well as new sales under contract (new pending sales) rose by 31.3% from August 2013 (was unchanged in July). 

The median sales price increased by 2.3% (was down by 10.5% in July) while the average sales price increased by 11.7% (was down 7.4% in July) as compared to August of 2013.  Following two months of decreasing or steady prices, it appears that gains are once again present.

 The inventory of available townhouses and condos has decreased by 19 to 515 units from last month which is also 6.2% less inventory than was available in August of 2013.   The current supply of inventory is 5.1 months (a 6% decrease from last year).  A buyers market for townhouses and condos in Martin County with a continuing decrease of units for sale.

Martin County Townhouse and Condo August 2014

 

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

August 2014 Monthly Market Detail Martin County Townhouses and Condos

July 2014 Monthly Market Detail St Lucie County Townhouses and Condos

08.29.14 by

July 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The July 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed decreased activity as compared to last year as well as the past two months.  Closed sales were down by 10.4% (was up by 15.5% in June) while new sales under contract (new pending sales) decreased by 11.9% (was up by 6% in June). 

The median sales price was down by 1.4% (down 4.6% in June) and the average sales price increased by 2.4% (was down by 1.8% in June).  This is now the fourth month of either decreasing values or just holding steady.  Prices rose very rapidly last year, this is most likely a small correction.

The inventory of available townhouses and condos decreased by 36 units from last month to 720 units which is down by 11.5% from last July.  Current supply of inventory decreased to 6.9 months from the 7.2 month supply in June and is 11.8% lower than last year.  The St. Lucie County townhouse and condo market appears to be in a balanced market for now.  An increase in inventory would help this segment grow faster.

July 2014 Monthly Market Detail St Lucie County Townhouses and Condos

 

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July 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.

July 2014 Monthly Market Detail St Lucie County Townhouses and Condos

July 2014 Monthly Market Detail Martin County Townhouses and Condos

08.27.14 by

July 2014 Monthly Market Detail Martin County Townhouses and Condos

July 2014 Monthly Market Detail Martin County Townhouses and Condos was basically flat in terms of activity as compared to last year.  Year to year closed sales were unchanged (was up by 11.5% in June) as well as new sales under contract (new pending sales) also unchanged from July 2013 (was down 19.4% in June). 

The median sales price decreased by 10.5% (was up by 3.1% in June) while the average sales price decreased by 7.4% (was down 4.9% in June) as compared to July of 2013.  After nearly a year of pretty impressive price rises, values were off for the third month in a row indicating some weakness in this sector of the Martin County real estate market.

 The inventory of available townhouses and condos has decreased by 24 to 534 units from last month which is also 3.4% less inventory than was available in July of 2013.   The current supply of inventory is 5.3 months (a 3.4% decrease from last year).  While we are still in a seller’s market for condos and townhomes, the decreasing inventory as well as flat sales activity and value drops are of concern.

July 2014 Monthly Market Detail Martin County Townhouses and Condos

 

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

July 2014 Monthly Market Detail Martin County Townhouses and Condos

June 2014 Monthly Market Detail St Lucie County Townhouses and Condos

07.30.14 by

June 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The June 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors has shown a second strong month after a somewhat difficult spring season.  Closed sales were up by 15.5% (was up by 24.6% in May) while new sales under contract (new pending sales) increased by 6% (was  down by 13.6% in May).  Nice to see both trends in a positive direction.

The median sales price was down by 4.6% (up 1.2% in May) and the average sales price decreased by 1.8% (was down by 1.3% in May).  This is now the third month of either decreasing values or just holding steady.  While many would like to see values continue to rise, buyers are hoping for the opposite.

The inventory of available townhouses and condos decreased by 59 units from last month to 756 units which is down by 7% from last June.  Current supply of inventory decreased to 7.2 months from the 7.8 month supply in May and is 9.2% lower than last year.  The St. Lucie County townhouse and condo market appears to be strengthening for now, though the reduction in inventory is troubling for future volume.June 2014 Monthly Market Detail St Lucie County Townhouses and Condos

 

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June 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.

June 2014 Monthly Market Detail St Lucie County Townhouses and Condos

June 2014 Monthly Market Detail Martin County Townhouses and Condos

07.28.14 by

June 2014 Monthly Market Detail Martin County Townhouses and Condos

June 2014 Monthly Market Detail Martin County Townhouses and Condos showed strong market movement with a more moderate rate of price changes as compared to the recent past.  Year to year closed sales were up by 11.5% (was up by 0.8% in May) while new sales under contract (new pending sales) decreased by 19.4% from June 2013 (was down 20.8% in May).  The decrease in pending sales June be an indication of some future weakness in this market.

The median sales price increased by 3.1% (was down by 1.0% in May) while the average sales price decreased by 4.9% (was down 19.3% in May) as compared to June of 2013.  After nearly a year of pretty impressive price rises, values were off for the second month in a row.

 The inventory of available townhouses and condos has decreased by 7 to 558 units from last month which is also 1.8% less inventory than was available in June of 2013.  I continue to be surprised that inventory levels are still so low, considering that values have increased over 20% in the past year.  The current supply of inventory is 5.6 months (an 4% decrease from last year).  While still strong activity in this seller’s market, I’m a bit concerned over the decrease in both inventory and pending sales.

June 2014 Monthly Market Detail Martin County Townhouses and Condos

 

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

June 2014 Monthly Market Detail Martin County Townhouses and Condos

May 2014 Monthly Market Detail St Lucie County Townhouses and Condos

06.30.14 by

May 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The May 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors rebounded pretty well after a fairly difficult spring season.  Closed sales were up by 24.6% (was down by 5.9% in April) while new sales under contract (new pending sales) decreased by 13.6% (was  down by 4.6% in April).  While a very nice increase in closed sales, the continuing decrease of pending sales is a bit troubling.

The median sales price was up by 1.2% (down 34.1% in April) and the average sales price decreased by 1.3% (was down by 2.3% in April).  Last month was the first decrease in values in over a year.  A nice rebound this month.  It will be interesting to note if this trend continues.

The inventory of available townhouses and condos decreased by 41 units from last month to 815 units which is down by 7.8% from last May.  Current supply of inventory decreased to 7.8 months from the 8.4 month supply in April and is 8.2% lower than last year.  The St. Lucie County townhouse and condo market appears to be strengthening at present.

St Lucie Condo Townhouse May 2014

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May 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.

May 2014 Monthly Market Detail St Lucie County Townhouses and Condos

May 2014 Monthly Market Detail Martin County Townhouses and Condos

06.28.14 by

May 2014 Monthly Market Detail Martin County Townhouses and Condos

May 2014 Monthly Market Detail Martin County Townhouses and Condos continues with reduced activity from last year, though still an active market, currently with a slight sellers advantage.  Year to year closed sales were up by 0.8% (was down by 12.2% in April) while new sales under contract (new pending sales) decreased by 20.8% from May 2013 (was unchanged in April).  The decrease in pending sales may be an indication of some future weakness in this market.

The median sales price decreased by 1.0% (was up by 11.3% in April) while the average sales price decreased by 19.3% (was up 11.3% in April) as compared to May of 2013.  After nearly a year of pretty impressive price rises, values were off for this month.

 The inventory of available townhouses and condos has decreased by 14 to 565 units from last month which is also 7.7% less inventory than was available in May of 2013.  With values having gone up as much as they have, I would have expected higher inventory levels.  The current supply of inventory is 5.7 months (an 8.5% decrease from last year).  While a very strong month, I’m a bit concerned over the decrease in both inventory and pending sales.

Martin Condo Townhouse May 2014

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

May 2014 Monthly Market Detail Martin County Townhouses and Condos

April 2014 Monthly Market Detail St Lucie County Townhouses and Condos

05.31.14 by

April 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The April 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors is a segment of the market that is not doing well this year. Most measured values are showing declines year to year.  Closed sales were down by 5.9% (was down by 21.3% in March) while new sales under contract (new pending sales) decreased by 4.6% (was  down by 9.9% in March).  The decrease in pending sales is much less than last month which is at least a small positive.

The median sales price was down by 34.1% (up 21.1% in March) and the average sales price decreased by 2.3% (was up by 7.4% in March).  This is the first month we’ve seen a decrease in values.  Lack of supply and demand are both factors for this as was the torrid price rises from last year.

The inventory of available townhouses and condos decreased by 48 units from last month to 856 units which is down by 5.3% from last April.  Current supply of inventory decrease to 8.4 months from the 9.6 month supply in March and is 4.5% lower from last year.   This is a buyers market at present.

April 2014 Monthly Market Detail St Lucie County Townhouses and Condos

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April 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.

April 2014 Monthly Market Detail St Lucie County Townhouses and Condos

April 2014 Monthly Market Detail Martin County Townhouses and Condos

05.29.14 by

April 2014 Monthly Market Detail Martin County Townhouses and Condos

April 2014 Monthly Market Detail Martin County Townhouses and Condos continues with reduced activity from last year, though still in a healthy range with a balanced blend of supply and demand.  Year to year closed sales were down by 12.2% (was down by 29.9% in March) while new sales under contract (new pending sales) was unchanged from April 2013 (was down 9% in March).

The median sales price increased by 11.3% (was up by 7.4% in March) while the average sales price increased by 11.3% (was down 11% in March) as compared to April of 2013.  Interestingly, prices continue to rise with momentum in the condo and townhouse segment of the market.

 The inventory of available townhouses and condos has decreased by 17 to 579 units from last month which is also 10.2% less inventory than was available in April of 2013.  With values going up as much as they have, I would have expected higher inventory levels.  The current supply of inventory is 5.8 months (a 13.1% decrease from last year).   Though down in volume from last year, this is still a balanced market that favors neither the buyer nor the seller.

April 2014 Monthly Market Detail Martin County Townhouses and Condos

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

April 2014 Monthly Market Detail Martin County Townhouses and Condos

March 2014 Monthly Market Detail St Lucie County Townhouses and Condos

05.01.14 by

March 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The March 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed a continuing trend of disappointing results for volume of sales after a good start to the year in January.  Year to year closed sales were down by 21.3% (was down by 8.2% in February) while new sales under contract (new pending sales) decreased by 9.9% (was  down by 28.2% in February).  The decrease in pending sales is much less than last month which is at least a small positive.  Much of this decrease can be attributed to a decrease in inventory from last year as well as the rapidly increasing prices.

The median sales price up by 21.1% (up 15% in February) and the average sales price increased by 7.4% (was up by 14.4% in February).

The inventory of available townhouses and condos decreased by 6 units from last month to 895 units which is still down by 13.1% from last March.  Current supply of inventory remained inched up from last month to 9.6 months (a 0.3% increase from last year).   This is a buyers market at present and will most likely continue until inventory increases and price rises moderate to a more sustainable rate.

March 2014 Monthly Market Detail St Lucie County Townhouses and Condos

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March 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.

March 2014 Monthly Market Detail St Lucie County Townhouses and Condos

March 2014 Monthly Market Detail Martin County Townhouses and Condos

04.29.14 by

March 2014 Monthly Market Detail Martin County Townhouses and Condos

March 2014 Monthly Market Detail Martin County Townhouses and Condos report showed continued disappointing results as to both last year and the past few months.  Year to year closed sales were down by 29.9% (was down by 1% in February) while new sales under contract (new pending sales) decreased by 9% (was down 27% in February).

The median sales price increased by 7.4% (was up by 17.6% in February) while the average sales price decreased by 11% (was up 20.6% in February) as compared to March of 2013.  As the price increases moderate, I would expect to see some increased volume of closed and pending sales for the future.

 The inventory of available townhouses and condos has decreased by 39 to 596 units from last month which is 13.2% less inventory than was available in March of 2013.  With values going up as much as they have, I would have expected higher inventory levels.  The current supply of inventory is 6.2 months (a 16.5% decrease from last year).   Though down in volume from last year, this is still a balanced market that favors neither the buyer nor the seller.

March 2014 Monthly Market Detail Martin County Townhouses and Condos

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

March 2014 Monthly Market Detail Martin County Townhouses and Condos

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

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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 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

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 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

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 Martin County Townhouses and Condos

01.29.14 by

December 2013 Monthly Market Detail Martin County Townhouses and Condos

December 2013 Monthly Market Detail Martin County Townhouses and Condos report ended the year with some signs of a slowing momentum, but still very good overall results from previous years.   I’m seeing some quite impressive price gains for the year along with a continued shrinking inventory making sustained activity difficult for this segment of the market.  Year to year closed sales were down by 9% (down by 6.4% in November) while new sales under contract (new pending sales) increased by 8.1% (was down 1% in November).

The median sales price increased by an impressive 45% (was down by 0.2% in November) while the average sales price increased by 10.4% (was down 26.7% in November) as compared to December of 2012.December 2013 Monthly Market Detail Martin County Townhouses and Condos

 

 The inventory of available townhouses and condos has decreased by 1 unit to 623 units from last month, down from December 2012 inventory by 17.5%.  Current supply of inventory is 6.3 months (a 27.9% decrease from last year).  Finishing 2013 in a balanced market.

 

 Click here to view or download the full report:
December 2013 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 2013 Monthly Market Detail Martin County Townhouses and Condos

November 2013 Monthly Market Detail St Lucie County Townhouses and Condos

12.30.13 by

November 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The November 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed  the third month in a row of decreases in sales volume from last years numbers.   Year to year closed sales were down by 17.5% (was down by 12.7% in October) while new sales under contract (new pending sales) decreased by 5.4% (was  down by 13.6% in October

Prices continued to rise however, year to year, with the median sales price up by 40% (up 14.3% in October) and the average sales price rose by 31.4% (was up by 26% in October).

November 2013 Saint Lucie County Condo and TownhouseThe inventory of available townhouses and condos increased from last month to 852 units which is a decrease of 7.8% from last November.  Current supply of inventory rose slightly from last month to 8.8 months (still a 7.8% decrease from last year).   This segment of the market continues to be a buyers market and  unless there’s a moderation in the price increases, I see no change in the easing of the volume of closed and pending sales.

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

November 2013 Monthly Market Detail St Lucie County Townhouses and Condos