March 2014 Monthly Market Detail St Lucie County Single Family Homes

March 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors showed continued strong market activity in both volume and rising prices.  Closed sales from last year were up by 9.9% (in February they were up by 14.1%) and new sales under contract (new pending sales) decreased by 8.8% (they were down by 14.8% last month).

Both median and average sales prices were up again (year to year) by 15.7% and 12.1% respectively from last March (For last month these figures were 10.9% and 13%).

The inventory of active listings decreased in March (from last month) by 93 homes to 2,269, which is an increase of 27.4% from last year.  Current supply of inventory is only 5.1 months (a 21.3% increase from last year).   Still a strong sellers market for the Saint Lucie County single family home market.  While not as red hot as last year, it is still very positive and could still slow down some to become a balanced market.

Click here to view or download the full report:  March 2014 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 2014 Monthly Market Detail St Lucie County Single Family Homes

February 2014 Monthly Market Detail St Lucie County Single Family Homes

February 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors closed out 2013 continues to show good closed activity, though there is reduced pending numbers, which could signal a bit more of a slow down.  Closed sales from last year were up by 14,1% (in January they were up by 4.8%) and new sales under contract (new pending sales) decreased by 14.8% (they were down by 12.9% last month).

Both median and average sales prices were up (year to year) by 10.9% and 13% respectively from last February (For last month these figures were 9.5% and 14.1%). 

The inventory of active listings rose in February (from last month) by 115 homes to 2362, which is also an increase of 22.3% from last year.  Current supply of inventory is only 5.4 months (a 22.3% increase from last year).   With the large increases in inventory from last year, price appreciation will slow some, which will help to continue a strong sales volume for the saint Lucie County single family market.

Click here to view or download the full report:  February 2014 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.

February 2014 Monthly Market Detail St Lucie County Single Family Homes

January 2014 Monthly Market Detail St Lucie County Single Family Homes

January 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors closed out 2013 continues to show strong activity, though at a continued reduced pace that we first noticed in the last couple of months of 2013.  Closed sales from last year were up by 4.8% (in December they were down by 6.9%) and new sales under contract (new pending sales) decreased by 12.9% (they were down by 30% last month).

Both median and average sales prices were up (year to year) by 9.5% and 14.1% respectively from last January. 

The inventory of active listings rose in January (from last month) to 2247 homes, which is also an increase of 14.2% from last year.  Current supply of inventory is only 5.2 months (a 7.8% increase from last year).   Still a strong sellers market for Saint Lucie County single family homes for sale.  Though the pace is definitely moderating for the past 3 months.

Click here to view or download the full report:  January 2014 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.

January 2014 Monthly Market Detail St Lucie County Single Family Homes

December 2013 Monthly Market Detail St Lucie County Single Family Homes

December 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors closed out 2013 with some weaker than expected activity in terms on volume, though most other statistics are quite positive year to year.  Closed sales were  from last year were down by 6.9% (in November they were up by 3.3%) and new sales under contract (new pending sales) decreased by 30% (they were down by 23.9% last month).

Both median and average sales prices were up (year to year) by 19.2% and 12% respectively year to year. 

The inventory of active listings rose in December (from last month) to 2224 homes, also an increase of 11.9% from last year.  Current supply of inventory is only 5.2 months (a 4.1% increase from last year).   Still a strong sellers market for Saint Lucie County single family homes for sale.  Though the pace seems to be slacking a bit.

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

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

December 2013 Monthly Market Detail St Lucie County Single Family Homes

November 2013 Monthly Market Detail St Lucie County Single Family Homes

The November 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors has moderated in the past couple of months as compared to last years activity.   Closed sales were up 3.3% from last year  (in October they were unchanged)  and new sales under contract (new pending sales) decreased by 23.9% (they were down by 6.9% last month).

Both median and average sales prices were up (year to year) by 13.6% and 18.7% respectively year to year. 

The inventory of active listings rose in November (from last month) to 2213 homes, still down by 14.1% from last year.  Current supply of inventory is only 5.1 months (a 14.1% decrease from last year).  We’re still in a seller’s market for the St. Lucie County single family market, but some easing appears to be in progress.  With the significant rise in prices as well as increasing mortgage rates, the current trend will continue to level.  I expect to see a balanced market for the near future with slower price increase.

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

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

November 2013 Monthly Market Detail St Lucie County Single Family Homes

October 2013 Monthly Market Detail St Lucie County Single Family Homes

The October 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors has moderated in the past couple of months as compared to last years activity.   Closed sales were unchanged from last year  (in September they were up by 4.1%)  and new sales under contract (new pending sales) decreased by 6.9% (they were up by 12% last month).

Both median and average sales prices were up (year to year) by 29% and 24.6% respectively year to year. 

The inventory of active listings rose in October (from last month) to 2104 homes, still down by 8.1% from last year.  Current supply of inventory is only 4.9 months (a 18.3% decrease from last year).  For October 2013 this remains a strong sellers market in the St Lucie County area.  However with the significant rise in prices as well as increasing mortgage rates, the current trend appears to be leveling off as inventory also is starting to rebound.  I expect continued good activity for the Saint Lucie County single family market but I wouldn’t be surprised to see a moderation in the rising values.

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

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

October 2013 Monthly Market Detail St Lucie County Single Family Homes

September 2013 Monthly Market Detail St Lucie County Single Family Homes

The September 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues the positive trend that has been apparent all this year, though at a more moderate rate for the past few months.   Closed sales were up by 4.1%  (in August they were up by 3.5%)  and new sales under contract (new pending sales) increased by 12% (they were up by 17.8% last month).

Both median and average sales prices were up (year to year) by 14.2% and 15% respectively year to year. 

The inventory of active listings rose in September (from last month) to 1947 homes, still down by 24.1% from last year.  Current supply of inventory is only 4.5 months (a 33.6% decrease from last year) and unchanged from August.  For September 2013 this remains a strong sellers market in the St Lucie County area.  Lower inventory typically results 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.  Prices have been rising because of the shortage of inventory and the slow recovery of the market.

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

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

September 2013 Monthly Market Detail St Lucie County Single Family Homes

August 2013 Monthly Market Detail St Lucie County Single Family Homes

The August 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues the positive trend that has been apparent all this year, though at a more moderate rate for August.   Closed sales were up by 3.5%  (in July they were up by 4.3%)  and new sales under contract (new pending sales) increased by 17.8% (they were up by 55.6% last month).

Both median and average sales prices were up (year to year) by 12.7% and 9.2% respectively. 

The inventory of active listings declined in August to 1841 homes, down by 31.3% from last year.  Current supply of inventory is only 4.3 months (a 31.3% decrease from last year) and unchanged from July.  For August 2013 this remains a strong sellers market in the St Lucie County area.  Lower inventory typically results 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 continued increases in inventory.

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

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

August 2013 Monthly Market Detail St Lucie County Single Family Homes

July 2013 Monthly Market Detail St Lucie County Single Family Homes

The July 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues the positive trend that has been apparent all this year, though at a more moderate rate for July.   Closed sales were up by 4.3% which were down by 0.4% (in June they were down by .4%)  and new sales under contract (new pending sales) increased by 55.6% (they were up by 42.6% last month).

Both median and average sales prices were up (year to year) by 23.2% and 21.7% respectively. 

The inventory of active listings rose from last month, but is still down by 34.2% from last year.  Current supply of inventory is only 4.3 months (a 43.6% decrease from last year) and up slightly from 3.9 months from June.  For July 2013 this remains a strong sellers market in the St Lucie County area.  Lower inventory typically results 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 continued increases in inventory.

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

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

July 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:

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