June 2013 Monthly Market Detail St Lucie County Single Family Homes

June 2013 Monthly Market Detail St Lucie County Single Family Homes

Continuing a mostly positive trend for the June 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors.   The only negative detail was the year to year closed sales, which were down by 0.4% and while new sales under contract (new pending sales) increased by 42.6%!!

Both median and average sales prices were up (June 2012 to June 2013) by 23.3% and 16.6% respectively. 

One item of concern is the active inventory which continues to decrease significantly, presently only 1,664 homes, a decrease of 43.8% from last year.  Current supply of inventory is only 3.9 months (a 52.7% decrease from last year).  For June 2013 it was a strong sellers market in the St Lucie County area.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I  expect to see a gradual increase in inventory.

Please click on the links below to read the full Saint Lucie County single family market detail:

June 2013 Market Detail for  Saint Lucie County Single Family

 

Click here to view or download the full report:
June 2013 Monthly Market Detail St Lucie County Single Family Homes

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 2013 Monthly Market Detail St Lucie County Single Family Homes

June 2013 Monthly Market Detail Martin County Townhouses and Condos

June 2013 Monthly Market Detail Martin County Townhouses and Condos

While there were positive results in pricing year to year for the June 2013 Monthly Market Detail Martin County Townhouses and Condos, sales numbers were off for the month.   Year to year closed sales were down by 12.8% ( up by 28% in May) while new sales under contract (new pending sales) increased by 38.3% (was 56.6% in May).

The median sales price increased by 14.6% (was off 5.5% in May) while the average sales price rose by 25.3% (was up 9.74% in May) as compared to June of 2012.

The inventory of available townhouses and condos have decreased to 547 units which is a decrease of 33.5% from last June.  Current supply of inventory is only 5.6 months (a 33.5% decrease from last year).  For the Martin County townhouse and condo market we are now in a slight seller’s market.  This will put significant pressure into possible rising values as long as a seller’s market persists.

June 2013 Market Detail for  Martin County Townhouses and Condos

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

June 2013 Monthly Market Detail Martin County Townhouses and Condos

June 2013 Monthly Market Detail Martin County Single Family Homes

June 2013 Monthly Market Detail Martin County Single Family Homes

Another month of solid gains year to year for the June 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors.   Closed sales were up by 24.4% and new sales under contract (new pending sales) increased by 43.9%

Both the median and average sales prices increased this month (after decreases in May)by percentages of 13.8% and 31% respectively.

The inventory of available single family homes have decreased to only 1102 units which is down by 28.3% from last June.  Current supply of inventory is only 6.3 months (a 39.5% decrease from last year).  We are now at a balance market for residential sales in Martin County.  There’s no reason not to expect a sellers market should the inventory continue to decrease.

Please look at the full Martin County single family market detail by clicking on the links below:

June 2013 Market Detail for Martin County Single Family

 

Click here to view or download the full report:
June 2013 Monthly Market Detail Martin County Single Family Homes

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 2013 Monthly Market Detail Martin County Single Family Homes

June 2013 Monthly Market Detail Florida Townhouses and Condos

June 2013 Monthly Market Detail Florida Townhouses and Condos

The positive trend from the spring has slowed for the June 2013 Monthly Market Detail Florida Townhouses and Condos for the entire state of Florida.   Year to year closed sales were off by 2.5% as compared to last months increase of 18.7% and while new sales under contract (new pending sales) increased by 14.2% (May’s increase was 30.8%).

Both median and average sales prices were up (June 2012 to June 2013) by 18.2% and 13.9% respectively (higher than May’s). 

One item of concern is the active inventory which has decreased by 20%.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

Click on the link below or the graphic to see the full market detail report from Florida Realtors:

June 2013 Market Detail for Florida Townhouses and Condos

 

Click here to view or download the full report:
June 2013 Monthly Market Detail Florida 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 2013 Monthly Market Detail Florida Townhouses and Condos

June 2013 Monthly Market Detail Florida Single Family Homes

June 2013 Monthly Market Detail Florida Single Family Homes

Another positive month of results reported by Florida Realtors for the June 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida.  All indices have moved in a positive direction though at a more modest pace than for the past few months.  Year to year closed sales were up by 8.6% (was 18.7% in May) and new sales under contract (new pending sales) increased by 23.1% (was 30.8% in May).

Both median and average sales prices were up (June 2012 to June 2013) by 15.1% and 14.2% respectively. 

The inventory of available homes for sale remains a concern as it continues to decrease, down by 22% from last year.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

Please look at the full detail report for the rest of the story:

June 2013 market detail for Florida Single Family

Click here to view or download the full report:
June 2013 Monthly Market Detail Florida Single Family Homes

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 2013 Monthly Market Detail Florida Single Family Homes