March 2013 Monthly Market Detail St. Lucie County Townhouses and Condos

March 2013 Monthly Market Detail St. Lucie County Townhouses and Condos

Some very positive results reported by Florida Realtors for the March 2013 Monthly Market Detail St. Lucie County Townhouses and Condos.   Year to year closed sales were up by 19.3% and new sales under contract (new pending sales) increased by 39%

Prices have remained under considerable pressure and have not improved as well as the single family market with the median price off by 10.2% from last year while the average price gained a modest 5.7%.

The inventory of available townhouses and condos have decreased to 967 units which id down by 22% from last March.  Current supply of inventory is only 9.6 months (a 38.9% decrease from last year).   While these results are not quite as strong as in the single family market, they still show strong gains from previous years.  It is just a matter of time before prices start rising a bit more dramatically.  This current environment is an excellent opportunity for buyers looking into the Saint Lucie County real estate market for townhouses and condos.St. Lucie County Townhouses and Condos

Here’s the summary chart from the Florida Realtors report:

 

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

March 2013 Monthly Market Detail St. Lucie County Townhouses and Condos

March 2013 Monthly Market Detail St. Lucie County Single Family Homes

March 2013 Monthly Market Detail St. Lucie County Single Family Homes

Some very positive results reported by Florida Realtors for the March 2013 Monthly Market Detail St. Lucie County Single Family Homes.   Year to year closed sales were up by 11.8% and new sales under contract (new pending sales) increased by over 69%!!

Both median and average sales prices were up (march 2012 to March 2013) by 18% and 15% respectively. 

One item of concern is the active inventory which has decreased by almost half (47%).  Current supply of inventory is only 4.2 months (a 56% decrease from last year).  For March 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 will expect a gradual increase in inventory.

Here’s the summary chart from the Florida Realtors report:St. Lucie Single Family Homes

 

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

March 2013 Monthly Market Detail St. Lucie County Single Family Homes

March 2013 Monthly Market Detail Florida Townhouses and Condos

March 2013 Monthly Market Detail Florida Townhouses and Condos

Some very positive results reported by Florida Realtors for the March 2013 Monthly Market Detail Florida Townhouses and Condos for the entire state of Florida.  All indices have moved in a positive direction though not as robustly as for the single family report for March 2013.  Year to year closed sales were up by 1% and new sales under contract (new pending sales) increased by over 10%.

Both median and average sales prices were up (March 2012 to March 2013) by 16% and 13% respectively.

One item of concern is the active inventory which has decreased by almost 22%.  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 homeowners can see a profit or even a break-even price, I will expect a gradual increase in inventory.

Here’s the summary chart from the Florida Realtors report:Florida Townhouses and Condos

 

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

March 2013 Monthly Market Detail Florida Townhouses and Condos

March 2013 Monthly Market Detail Florida Single Family Homes

March 2013 Monthly Market Detail Florida Single Family Homes

Some very positive results reported by Florida Realtors for the March 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida.  All indices have moved in a positive direction.  Year to year closed sales were up by 9% and new sales under contract (new pending sales) increased by over 23%.

Both median and average sales prices were up (march 2012 to March 2013) by 15% and 14% respectively. 

One item of concern is the active inventory which has decreased by 26%.  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.

Here’s the summary chart from the Florida Realtors report:

Florida Single Family Market Detail

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

March 2013 Monthly Market Detail Florida Single Family Homes

March 2013 Market Update for Island Dunes Condos on Hutchinson Island

 

March 2013 Market Update for Island Dunes Condos on Hutchinson Island

March 2013 Market Update for Island Dunes Condos on Hutchinson Island in Jensen Beach, FL

There are currently 42 active listings on the market at prices ranging from $170,000 to$1,595,000 for an average of $227.63 per square ft. of living area.

There are 11 condos under contract awaiting closing listed from $249,000 to 685,000 at an average cost per square ft. of living area of $221.71

In the past 12 months, 23 condos have sold ranging in sales prices from $155,000 to $700,000 with an average price per square foot of $194.34

 Island Dunes Condos for Sale on Hutchinson Island

Located on the unspoiled Barrier Island of Hutchinson Island in Jensen Beach, Florida in Saint Lucie County is a complex of five separate condominium buildings with a common thread.  All of these units belong to the Island Dunes Country Club.  This unique arrangement offers golf, tennis and a deep water marina, just steps from your condo without having to travel to the mainland. Island Dunes Condos for Sale on Hutchinson IslandThe five buildings from North to South are the Island Dunes Oceanside I & II, the Admiral, the Regency Island Dunes and the Regency Island Dunes Two.  All of these buildings are Oceanside affording easy access to the crystal clear blue waters of the Atlantic Ocean.  There’s a wide variety of condos available ranging from 1 Bedroom to spectacular 3 Bedroom Penthouse suites.

 

Island Dunes Condos for Sale on Hutchinson Island

The Island Dunes Country Club offers a challenging nine hole golf course golf course on the on the banks of the wide Indian River,  championship tennis club , a pro shop, a deep water marina and one of the fine dining in the onsite restaurant area which is open to the public.

Island Dunes Condos for Sale on Hutchinson IslandIsland Dunes Condos for Sale on Hutchinson Island

 Search for all March 2013 Market Update for Island Dunes Condos on Hutchinson Island in Stuart Florida


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March 2013 Market Update for Island Dunes Condos on Hutchinson Island