Indian River Drive Real Estate May 2018 Market Report

Indian River Drive Real Estate May 2018 Market Report

There are 25 homes and condos available to purchase off of Indian River Drive for May 2018.  These properties are listed for prices from $95,000 up to $2,600,000 for an average list price of $740,660 which works out to $259.32 per sq. ft. of living area.

There are 7 homes under contract.  These homes were listed for a minimum of $34,900 up to $449,900 which averages to $271,600 or $162.12 per sq. ft. of living area.  These homes were on the market for an average of 153 days before going under contract.

In the past 12 months, 27 homes have sold.  Sale prices ranged from a low of $59,900 up to $850,000 for an average sales price of $395,533 which equals $183.71 per sq. ft. of living area.  These homes averaged 128 days on market before going under contract and sold for an average of 94% of list price.

About Indian River Drive:

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Discover the last vestiges of old Florida charm and the best values for wide waterfront homes and estate sized land in South Florida today!  Twelve miles of paradise on a two-lane country road along the Treasure Coast between the Island Life Of Jensen Beach and the Historic Town of Ft. Pierce.  Most of the homes on Indian River Drive will have the wide views of the Intracoastal (Indian River)  on the east side and the unspoiled beauty of the Savannahs Preserve State Park on the west side.

Indian River Drive Real Estate

The blue waters of the Atlantic Ocean are just minutes away.  The famous Hutchinson Island is viewed by all residents along this designated Florida Scenic Route.

Indian River Drive Real EstateIndian River Drive Real Estate

The early settlers of the Treasure Coast recognized the Tropical Beauty of this bit of paradise.  Long used as a transportation route for the pineapple plantation owners to ship their product to various ports-of-call. The Intracoastal has easy access to the Atlantic Ocean and is a safe haven for boaters.  World-class marine life is right at your doorstep and the fishing is some of the best in the world.

The high elevation along the drive adds drama and beauty to most homes along this scenic stretch of two-lane road.

St Lucie County Townhouses and Condos March 2018 Market Report

St Lucie County Townhouses and Condos March 2018 Market Report

The St Lucie County Townhouses and Condos March 2018 Market Report reported quite strong closed activity though weaker pending numbers as well as compared to last year.  Closed sales were up by 9.3% from last year (was up by 24.3% in February) while new pending sales were down by 12.8% for March (was up by 10.9% in February).

Prices continued to rise with the median price increasing by 11.0% from last year (was up by 13.8% in February) while the average sales price increased by 18.2% (was up by 18.7% in February).

The inventory of available townhouses and condos decreased by 5 units from last month to 575 units, which is 1.1% less than March 2017. The current supply is 5.6 months, which is 5.1% less than the 5.9 months of inventory last year.  The St Lucie County townhouses and condos market continues to be a seller’s market. 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 2018 Market Report

Click here to view or download the full report:
St Lucie County Townhouses and Condos March 2018 Market Report

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 2018 Market Report

St Lucie County Single Family Homes March 2018 Market Report

St Lucie County Single Family Homes March 2018 Market Report

St Lucie County Single Family Homes March 2018 Market Report had a decrease in closed sales when compared to last year but remains a very active real estate market. Closed sales were down by 11.1% (in February they were up by 9.7%) and new sales under contract (new pending sales) increased by 2.2% (they were down by 7.8% last month).

Prices, however, continued their upward march for the month.  The median and average sales prices up by 6.4% and 13.5% respectively from last March (For February these numbers were up 6.9% and 7.4%).  These price rises are a bit less severe than we’ve experienced in the past few months.

Active listings decreased by 119 homes down to 1,647 homes.  This inventory is 5.3% lower than last year.  The current supply of homes is  3.6 months (was 3.8 months for February) compared to 3.9 months for last year.  The St Lucie County single family home market remains a strong sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes March 2018 Market Report

Click here to view or download the full report:
St Lucie County Single Family Homes March 2018 Market Report

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 Single Family Homes March 2018 Market Report

St Lucie County Townhouses and Condos February 2018 Market Report

St Lucie County Townhouses and Condos February 2018 Market Report

The St Lucie County Townhouses and Condos February 2018 Market Report reported quite strong closed activity and improved pending numbers as well as compared to last year.  Closed sales were up by 24.3% from last year (was down by 19.7% in January) while new pending sales were up by 10.9% for February (was up by 21.2% in January).

Prices also jumped up with the median price increasing by 13.8% from last year (was up by 1.6% in January) while the average sales price increased by 18.7% (was up by 17.9% in January).

The inventory of available townhouses and condos increased by 12 units from last month to 580 units, which is 4.0% less than February 2017. The current supply is 5.7 months, which is 9.5% less than the 6.3 months of inventory last year.  The St Lucie County townhouses and condos market continues to be a seller’s market, but approaching a balanced one. 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 2018 Market Report

Click here to view or download the full report:
St Lucie County Townhouses and Condos February 2018 Market Report

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 2018 Market Report

St Lucie County Single Family Homes February 2018 Market Report

St Lucie County Single Family Homes February 2018 Market Report

St Lucie County Single Family Homes February 2018 Market Report rebounded for February with stronger closed though still weaker pending sales when compared to last year. Closed sales were up by 9.7% (in January they were down by 3.0%) and new sales under contract (new pending sales) decreased by 7.8% (they were down by 2.4% last month).

Prices, however, continued their upward march for the month.  The median and average sales prices up by 6.9% and 7.4% respectively from last February (For January these numbers were up 11.9% and 8.6%).  These price rises are a bit less severe than we’ve experienced in the past few months.

Active listings increased by 18 homes down to 1,766 homes.  This inventory is 2.6% lower than last year.  The current supply of homes is  3.8 months (was also 3.8 months for January) compared to 4.1 months for last year.  The St Lucie County single family home market remains a strong sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes February 2018 Market Report

Click here to view or download the full report:
St Lucie County Single Family Homes February 2018 Market Report

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 Single Family Homes February 2018 Market Report