St Lucie County Townhouses and Condos October 2022 Market Report

11.25.22 by

St Lucie County Townhouses and Condos October 2022 Market Report

The St Lucie County Townhouses and Condos market continues to show weaker sales activity when compared to last year. The inventory numbers are improving, but we are facing headwinds with increasing mortgage rates as well as stubbornly high prices. Closed sales were down by 42.4% from last year (were down by 11.2% in September). New pending sales were down by 43.5% for September (they were down by 29.5% last month).

Year-to-year prices were up for October. The median price increased by 20.2% from last year (was up by 11.3% in September) and the average sales price increased by 5.6% (was down by 2.5% in September).

The available townhouses and condos inventory increased by 19 units from last month to 259 residences. This is 43.9% greater inventory than we had in October 2021. The current inventory supply is 2.5 months, as compared to 1.3 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 2022 Market Report
Click to download the full 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 2022 Market Report

Martin County Townhouses and Condos October 2022 Market Report

11.23.22 by

Martin County Townhouses and Condos October 2022 Market Report

The Martin County Townhouses and Condos market continues to show weaker sales activity when compared to last year. The inventory numbers are improving, but we are facing headwinds with increasing mortgage rates as well as stubbornly high prices. Closed sales for the month were down by 4.9%.  They were down by 28.8% in September.  New sales under contract (new pending sales) were down by 41.2% from last year.  They were down by 31.3% in September.

Year-to-year prices continue to go up.  The median sales price increased by 45.2% (was up by 26.5% last month). While the average sales price increased by 25.1% (was up by 4.0% in September).

The inventory of available townhouses and condos increased by 28 units to 245 properties.  This is a 133.3% greater supply of inventory than we had in October 2021.  Currently, there’s a 2.6 months supply of inventory (compared to 0.9 months for October 2021).  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 October 2022 Market Report
Click here to download the full 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 October 2022 Market Report

Empress Real Estate Market Report November 2022

11.21.22 by

Empress Real Estate Market Report November 2022

For November 2022, there is 1 condo available for sale in the Empress Condos of Hutchinson Island in Jensen Beach Florida. The list price is $449,900 or $346.34 per sq. ft. of living area.

There are 3 Empress condos currently under contract. The list prices ranged from $575,000 up to $699,999. This is an average list price of $624,666 which is $445.11 per sq. ft. of living area. These condos were on the market for an average of 75 days before going under contract.

In the past 12 months, 4 Empress condos have sold.  Sales prices ranged from $470,000 up to $875,000.  This is an average sales price of $616,750 which works out to $441.26 per sq. ft. of living area.  These condos averaged 43 days on the market before going under contract. And, they sold for an average of 99% of the list price.

Click here to view the previous Empress market report!

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.

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

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.

The Empress Condos of Hutchinson Island
The Empress Condos of Hutchinson Island
The Empress Condos of Hutchinson Island

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 on Hutchinson Island in Jensen Beach Florida

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 Real Estate Market Report November 2022

St Lucie County Townhouses and Condos September 2022 Market Report

10.25.22 by

St Lucie County Townhouses and Condos September 2022 Market Report

The St Lucie County Townhouses and Condos market had weaker sales activity when compared to last September. While the historically low inventory is slowly improving (though still low), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. Closed sales were down by 11.2% from last year (were down by 28.3% in August). New pending sales were down by 29.5% for August(they were down by 28.1% last month).

Prices were mixed for September. The median price increased by 11.3% from last year (was up by 27.9% in August) and the average sales price decreased by 2.5% (was up by 22.3% in August).

The available townhouses and condos inventory increased by 12 units from last month to 240 residences. This is 37.1% greater inventory than we had in September 2021. The current inventory supply is 2.2 months, as compared to 1.2 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a tight 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 2022 Market Report
Click to download the full 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 2022 Market Report

Martin County Townhouses and Condos September 2022 Market Report

10.23.22 by

Martin County Townhouses and Condos September 2022 Market Report

The Martin County Townhouses and Condos had weaker sales volume when compared to last September. While the historically low inventory is slowly improving (though still low), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. Closed sales for the month were down by 28.8%.  They were down by 15.1% in August.  New sales under contract (new pending sales) were down by 31.3% from last year.  They were down by 8.0% in August.

Prices continue to go up.  The median sales price increased by 26.5% (was up by 47.6% last month). While the average sales price increased by 4.0% (was up by 23.1% in August).

The inventory of available townhouses and condos increased by 6 units to 217 properties.  This is an 85.5% greater supply of inventory than we had in September 2021.  Currently, there’s a 2.3 months supply of inventory (compared to 1.0 months for September 2021).  We remain in a very extreme 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 2022 Market Report
Click here to download the full 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 2022 Market Report

St Lucie County Townhouses and Condos August 2022 Market Report

09.28.22 by

St Lucie County Townhouses and Condos August 2022 Market Report

The St Lucie County Townhouses and Condos market had weaker sales activity when compared to last August. While the historically low inventory is slowly improving (though still low), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. Closed sales were down by 28.3% from last year (were down by 34.1% in July). New pending sales were down by 28.1% for July (they were down by 14.2% last month).

Prices are still rising. The median price increased by 27.9% from last year (was up by 20.4% in July) and the average sales price increased by 22.3% (was up by 11.0% in July).

The inventory of available townhouses and condos decreased by 4 units from last month to 228 residences. This is 31.0% greater inventory than we had in August 2021. The current inventory supply is 2.1 months, as compared to 1.2 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a tight 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 August 2022 Market Report
Click to download the full 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 August 2022 Market Report

Martin County Townhouses and Condos August 2022 Market Report

09.26.22 by

Martin County Townhouses and Condos August 2022 Market Report

The Martin County Townhouses and Condos had weaker sales volume when compared to last August. While the historically low inventory is slowly improving (though still low), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. Closed sales for the month were down by 15.1%.  They were down by 29.1% in July.  New sales under contract (new pending sales) were down by 8.0% from last year.  They were down by 6.1% in July.

Prices continue to go up.  The median sales price increased by 47.6% (was up by 35.8% last month). While the average sales price increased by 23.1% (was up by 12.2% in July).

The inventory of available townhouses and condos increased by 13 units to 211 properties.  This is a 56.3% greater supply of inventory than we had in August 2021.  Currently, there’s a 2.1 months supply of inventory (compared to 1.1 months for August 2021).  We remain in a very extreme 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 August 2022 Market Report
Click here to download the full 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 August 2022 Market Report

St Lucie County Townhouses and Condos July 2022 Market Report

08.26.22 by

St Lucie County Townhouses and Condos July 2022 Market Report

The St Lucie County Townhouses and Condos market had weaker sales activity when compared to last July. While we continue to have historically low inventory (though it is increasing), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. Closed sales were down by 34.1% from last year (were down by 38.8% in June). New pending sales were down by 14.2% for June (they were down by 36.4% last month).

Prices are still rising. The median price increased by 20.4% from last year (was up by 44.8% in June) and the average sales price increased by 11.0% (was up by 28.9% in June).

The inventory of available townhouses and condos increased by 31 units from last month to 232 residences. This is 68.1% greater inventory than we had in July 2021. The current inventory supply is 2.1 months, as compared to 0.9 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a tight 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 July 2022 Market Report
Click to download the full 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 July 2022 Market Report

Martin County Townhouses and Condos July 2022 Market Report

08.24.22 by

Martin County Townhouses and Condos July 2022 Market Report

The Martin County Townhouses and Condos had weaker sales volume when compared to last July. While we continue to have historically low inventory (though it is increasing), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. Closed sales for the month were down by 29.1%.  They were down by 26.1% in June.  New sales under contract (new pending sales) were down by 6.1% from last year.  They were down by 35.4% in June.

Prices continue to go up.  The median sales price increased by 35.8% (was up by 48.4% last month). While the average sales price increased by 12.2% (was up by 40.7% in June).

The inventory of available townhouses and condos increased by 11 units to 198 properties.  This is a 51.1% greater supply of inventory than we had in July 2021.  Currently, there’s a 2.0 months supply of inventory (compared to 1.1 months for July 2021).  We remain in a very extreme 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 July 2022 Market Report
Click here to download the full 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 July 2022 Market Report

Lakeside Real Estate Market Report August 2022

08.17.22 by

Lakeside Real Estate Market Report August 2022

For August 2022 there are no active listings for sale in the Lakeside Condos community of Indian River Plantation on Hutchinson Island.

There are 2 condos currently under contract. The list prices were $249,000 and $449,000. This equals an average list price of $349,000 which works out to $424.56 per sq. ft. of living area. These condos were on the market for an average of 5 days before going under contract.

In the past 12 months, 7 Lakeside Condos have sold.  Sales prices ranged from $185,000 up to $520,000.  This works out to an average sales price of $352,572 which is $396.97 per sq. ft. of living area.  These condos sold for an average of 98% of the list price. And, they averaged 20 days on market before going under contract.

Click here to view the previous Lakeside market report!

About the Lakeside Condos:

Lakeside Condos in Indian River Plantation
Google Earth image

Lakeside and Tennis Villas condos for sale in Indian River Plantation on Hutchinson Island in Stuart FL:

Perfect location for those looking to live in a resort setting near the beaches of the Atlantic Ocean. Nearby amenities include a full-service Marina, golf course, restaurants, and fitness facilities.

Lakeside Condos in Indian River Plantation on Hutchinson Island Florida
Google Earth image

These Lakeside Condos are condos located just off the golf course. It is surrounded by the Atlantic Ocean to the east and the Indian River (Intracoastal) to the west.  Situated on a private peninsula in the middle of the Marriott Resort Complex at Indian River Plantation.  There are 74 units built during 1980.  Sizes range from 1 bedroom, 1 bath units of 596 sq. ft. up to 2 bedrooms, 3 bath units with 1323 sq. ft. of living area.  This is a pet-friendly complex that will allow up to two large pets.  At the time of this writing, the condo association fees were $375.00 a month.

Recent Lakeside condo and Tennis Villa sales:

The Lakeside Condos are in an excellent location, just a short walk to the beach and there’s a courtesy tram that is available to take residents and guests around the sprawling facilities of the Marriott resort at Indian River Plantation.  Just a short drive to the grocery store, historic downtown Stuart and the many, many amenities that Martin County FL has to offer.

Lakeside Condos in Indian River Plantation
Google Earth image

Search here for Lakeside Condos in Indian River Plantation on Hutchinson Island in Stuart FL

Additional Indian River Plantation Condos you may wish to consider: 
Bayview – Beachwalk – Dunes Club – Fairway Villas – Inlet Village – Ocean House – Ocean Terrace – Plantation Club Villas – Plantation House – Resort Villas – River Village – Riverbend – Riverwood – Tennis Villas

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.

Lakeside Real Estate Market Report August 2022

St Lucie County Townhouses and Condos June 2022 Market Report

07.27.22 by

St Lucie County Townhouses and Condos June 2022 Market Report

The St Lucie County Townhouses and Condos market had weaker sales activity when compared to last June. While we continue to have historically low inventory (though it is increasing), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. (Don’t ask me how long!) Closed sales were down by 38.8% from last year (were down by 34.7% in May). New pending sales were down by 36.4% for May (they were down by 29.5% last month).

Prices are still rising. The median price increased by 44.8% from last year (was up by 18.4% in May) and the average sales price increased by 28.9% (was up by 24.1% in May).

The inventory of available townhouses and condos increased by 38 units from last month to 201 residences. This is 24.8% greater inventory than we had in June 2021. The current inventory supply is 1.8 months, as compared to 1.1 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a tight 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 June 2022 Market Report
Click to download the full 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 May 2022 Market Report

Martin County Townhouses and Condos June 2022 Market Report

07.25.22 by

Martin County Townhouses and Condos June 2022 Market Report

The Martin County Townhouses and Condos had weaker sales volume when compared to last June. While we continue to have historically low inventory (though it is increasing), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. (Don’t ask me how long!) Closed sales for the month were down by 26.1%.  They were down by 19.9% in May.  New sales under contract (new pending sales) were down by 35.4% from last year.  They were down by 27.6% in May.

Prices continue to go up.  The median sales price increased by 48.4% (was up by 27.4% last month). While the average sales price increased by 40.7% (was up by 34.6% in May).

The inventory of available townhouses and condos increased by 49 units to 187 properties.  This is a 46.1% greater supply of inventory than we had in June 2021.  Currently, there’s a 1.8 months supply of inventory (compared to 1.1 months for June 2021).  We remain in a very extreme 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 June 2022 Market Report
Click here to download the full 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 June 2022 Market Report

St Lucie County Townhouses and Condos May 2022 Market Report

06.29.22 by

St Lucie County Townhouses and Condos May 2022 Market Report

The St Lucie County Townhouses and Condos market had weaker sales activity when compared to last May. We now face not only unprecedented low inventory levels (which may be about to change soon) but also increasing borrowing costs. I don’t expect much-improved sales activity until these issues start to go away. People can’t buy what doesn’t exist and or can’t afford! Closed sales were down by 34.7% from last year (were down by 30.5% in April). New pending sales were down by 29.5% for April (they were down by 27.3% last month).

Prices are still rising. The median price increased by 18.4% from last year (was up by 9.2% in April) and the average sales price increased by 24.1% (was up by 34.6% in April).

The inventory of available townhouses and condos increased by 14 units from last month to 163 residences. This is 0.6% less inventory than we had in May 2021. The current inventory supply is 1.4 months, as compared to 1.2 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a tight 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 May 2022 Market Report
Click to download the full 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 May 2022 Market Report

Martin County Townhouses and Condos May 2022 Market Report

06.24.22 by

Martin County Townhouses and Condos May 2022 Market Report

The Martin County Townhouses and Condos had weaker sales volume when compared to last May. Due mostly because we continue to be in a market with low inventory (which may be changing) and increasing borrowing costs. Closed sales for the month were down by 19.9%.  They were down by 24.8% in April.  New sales under contract (new pending sales) were down by 27.6% from last year.  They were down by 26.3% in April.

Prices continue to go up.  The median sales price increased by 27.4% (was up by 22.9% last month). While the average sales price increased by 34.6% (was up by 0.1% in April).

The inventory of available townhouses and condos increased by 21 units to 138 properties.  This is a 6.2% greater supply of inventory than we had in May 2021.  Currently, there’s a 1.3 months supply of inventory (compared to 1.1 months for May 2022).  We remain in a very extreme 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 May 2022 Market Report
Click here to download the full 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 May 2022 Market Report

St Lucie County Townhouses and Condos April 2022 Market Report

05.24.22 by

St Lucie County Townhouses and Condos April 2022 Market Report

The St Lucie County Townhouses and Condos market had weaker sales activity when compared to last April. We now face not only unprecedented low inventory levels but also increasing borrowing costs. I don’t expect much-improved sales activity until these issues start to go away. People can’t buy what doesn’t exist and or can’t afford! Closed sales were down by 30.5% from last year (were down by 11.5% in March). New pending sales were down by 27.3% for April (they were down by 36.6% last month).

Prices continued to rise in April. The median price increased by 9.2% from last year (was up by 11.5% in March) and the average sales price increased by 34.6% (was up by 13.9% in March).

The inventory of available townhouses and condos decreased by 14 units from last month to 149 residences. This is 16.3% less inventory than we had in April 2021. The current inventory supply is 1.2 months, as compared to 1.4 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a tight 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 April 2022 Market Report
Click to download the full 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 April 2022 Market Report

Empress Condos Hutchinson Island Market Report May 2022

05.23.22 by

Empress Condos Hutchinson Island Market Report May 2022

For May 2022, there is 1 condo available for sale in the Empress Condos of Hutchinson Island in Jensen Beach Florida. The list price is $950,000 or $585.70 per sq. ft. of living area.

There are also no Empress condos currently under contract.

In the past 12 months, 8 Empress condos have sold.  Sales prices ranged from $470,000 up to $875,000.  This is an average sales price of $604,488 which works out to $431.51 per sq. ft. of living area.  These condos averaged 24 days on the market before going under contract. And, they sold for an average of 99% of the list price.

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.

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

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.

The Empress Condos of Hutchinson Island
The Empress Condos of Hutchinson Island
The Empress Condos of Hutchinson Island

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 Hutchinson Island Market Report May 2022

Martin County Townhouses and Condos April 2022 Market Report

05.22.22 by

Martin County Townhouses and Condos April 2022 Market Report

The Martin County Townhouses and Condos had weaker sales volume when compared to last April. Due mostly because we continue to be in a market with unprecedented low inventory and increasing borrowing costs. Closed sales for the month were down by 24.8%.  They were down by 27.6% in March.  New sales under contract (new pending sales) were down by 26.3% from last year.  They were down by 20.7% in March.

Prices, however, continued to rise for April.  The median sales price increased by 22.9% (was up by 23.9% last month). While the average sales price increased by 0.1% (was up by 8.5% in March).

The inventory of available townhouses and condos remained steady at 117 properties.  This is a 32.4% smaller supply of inventory than we had in April 2021.  Currently, there’s a 1.1 months supply of inventory (compared to 1.6 months for April 2022).  We remain in a very extreme 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 April 2022 Market Report
Click here to download the full 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 April 2022 Market Report

St Lucie County Townhouses and Condos March 2022 Market Report

04.25.22 by

St Lucie County Townhouses and Condos March 2022 Market Report

The St Lucie County Townhouses and Condos market had weaker sales activity when compared to last March. Until the unprecedented low inventory levels ease, I don’t expect much-improved sales activity. People can’t buy what doesn’t exist! Closed sales were down by 11.5% from last year (were down by 3.0% in February). New pending sales were down by 36.6% for March (they were down by 25.1% last month).

Prices continued to rise in March. The median price increased by 11.5% from last year (was up by 11.8% in February) and the average sales price increased by 13.9% (was up by 24.4% in February).

The inventory of available townhouses and condos decreased by 6 units from last month to 135 residences. This is 42.8% less inventory than we had in March 2021. The current inventory supply is 1.0 months, as compared to 2.0 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a tight 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 March 2022 Market Report
Click to download the full 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 March 2022 Market Report

Martin County Townhouses and Condos March 2022 Market Report

04.23.22 by

Martin County Townhouses and Condos March 2022 Market Report

The Martin County Townhouses and Condos had weaker sales volume when compared to last March. This is quite surprising considering the extremely low inventory of available homes. Closed sales for the month were down by 27.6%.  They were down by 10.7% in February.  New sales under contract (new pending sales) were down by 20.7% from last year.  They were down by 25.0% in February.

Prices, however, continued to rise for March.  The median sales price increased by 23.9% (was up by 28.3% last month). While the average sales price increased by 8.5% (was up by 40.9% in February).

The inventory of available townhouses and condos increased by 10 units to 117 properties.  This is a 44.5% smaller supply of inventory than we had in March 2021.  Currently, there’s a 1.0 months supply of inventory (compared to 2.0 months for March 2022).  We remain in a very extreme 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 March 2022 Market Report
Click here to download the full 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 March 2022 Market Report

St Lucie County Townhouses and Condos February 2022 Market Report

03.23.22 by

St Lucie County Townhouses and Condos February 2022 Market Report

The St Lucie County Townhouses and Condos market had slightly weaker sales activity when compared to last February. Until the unprecedented low inventory levels ease, I don’t expect much-improved sales activity. People can’t buy what doesn’t exist! Closed sales were down by 3.0% from last year (were up by 1.0% in January). New pending sales were down by 25.1% for February(they were down by 4.8% last month).

Prices continued to rise in February. The median price increased by 11.8% from last year (was down by 7.2% in January) and the average sales price increased by 24.4% (was up by 21.7% in January).

The inventory of available townhouses and condos increased by 5 units from last month to 141 residences. This is 50.0% less inventory than we had in February 2021. The current inventory supply is 1.1 months, as compared to 2.5 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a tight 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 February 2022 Market Report
Click to download the full 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 February 2022 Market Report