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

St Lucie County Single Family Homes May 2022 Market Report

06.28.22 by

St Lucie County Single Family Homes May 2022 Market Report

The May 2022 St Lucie County Single Family Home market had slightly better activity when compared to last year. This is quite impressive when you consider the results of other surrounding counties. It appears that the inventory may have bottomed out and started to rise. Closed sales were up by 2.3% for the month compared to last year (in April they were down by 4.2%). New sales under contract (new pending sales) decreased by 7.3% (they were down by 11.9% last month).

Prices were also up in May.  The median sales price was up by 30.4% (was up by 28.8% in April).  The average sales price was up by 31.6% (it was up by 24.5% in April).

The number of available home listings increased by 151 homes to 678.  This inventory is 37.9% greater than last year.  The current supply of homes is 1.3 months (it was 1.0 months last year).  The St Lucie County single-family home market remains an extreme sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes May 2022 Market Report
Click here 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 Single Family Homes 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

St Lucie County Single Family Homes April 2022 Market Report

05.23.22 by

St Lucie County Single Family Homes April 2022 Market Report

The April 2022 St Lucie County Single Family Home market had slightly weaker activity when compared to last year. This is still impressive when you consider the results of other surrounding counties as well as the extremely low inventory of available homes available for purchase. Though, the inventory may have bottomed out and started to rise. Closed sales were down by 4.2% for the month compared to last year (in March they were up by 16.2%). New sales under contract (new pending sales) decreased by 11.9% (they were down by 4.0% last month).

Prices were also up in April.  The median sales price was up by 28.8% (was up by 31.6% in March).  The average sales price was up by 24.5% (it was up by 29.7% in March).

The number of available home listings decreased by 84 homes to 678.  This inventory is 16.1% greater than last year.  The current supply of homes is 1.1 months (it was 1.0 months last year).  The St Lucie County single-family home market remains an extreme sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes April 2022 Market Report
Click here 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 Single Family Homes April 2022 Market Report

Indian River Drive Real Estate May 2022 Market Report

05.10.22 by

Indian River Drive Real Estate May 2022 Market Report

There are 9 properties available for sale on and around the Indian River Drive area for May 2022.  These properties have list prices from $350,000 up to $2,300,000.  This is an average list price of $1,191,110 which works out to $595.87 per sq. ft. of living area.

There are 4 homes under contract.  These homes were listed from $399,000 up to $4,995,000.  This is an average list price of $2,302,250 or $406.45 per sq. ft. of living area.  These homes were on the market for an average of 177 days before going under contract.

In the past 12 months, 40 homes have sold.  Sale prices ranged from a low of $86,000 up to $2,900,000.  This equals an average sales price of $751,003 which works out to $314.56 per sq. ft. of living area.  These homes averaged 31 days on the market before going under contract and sold for an average of 97% of the list price.

Click here to view previous Indian River Drive market reports!

About Indian River Drive:

Indian River Drive
Google Earth image

Indian River Drive homes for sale:

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 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.

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.

Recent Indian River Drive home sales:

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 a two-lane road.

Search for Indian River Drive Homes for Sale

Search for Indian River Drive Vacant Land for Sale

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.

Indian River Drive Real Estate May 2022 Market Report

St. Lucie County Townhouses and Condos 2022 1st Quarter Report

05.01.22 by

St. Lucie County Townhouses and Condos 2022 1st Quarter Report

Click the image below to view the full details of the St. Lucie County townhouses and condos market report data as reported by St. Lucie County Realtor for the 1st Quarter of 2022.

St. Lucie County Townhouses and Condos 2022 1st Quarter Report

For the 1st quarter of 2022, the Saint Lucie Count townhouses and condo real estate market had weaker sales volume when compared to the 1st quarter of 2021.  This is mostly due to the unprecedented low inventory of available homes and to a lesser extent the rapidly rising prices and higher interest rates. For the near future, I don’t see the inventory rising by any significant amount. This should continue to depress real estate sales volume for a while.

To view the full report, click the image above or this link.

View the entire set of data at GabeSanders.com

Click to view previous St Lucie County quarterly reports

St. Lucie County Townhouses and Condos 2022 1st Quarter Report

St. Lucie County Single Family Homes 2022 1st Quarter Report

04.30.22 by

St. Lucie County Single Family Homes 2022 1st Quarter Report

Click the image below to view the full details of the St. Lucie County single-family market report data as reported by St. Lucie County Realtor.

St. Lucie County Single Family Homes 2022 1st Quarter Report

Unlike most other areas in our market, the St. Lucie County single-family home real estate market had an improved sales volume when compared to the 1st quarter of 2021.   These sales results are quite remarkable considering the current unprecedented low inventory. There is very active new home construction in place in Saint Lucie County which may explain these positive results. Prices were also higher during this period with very large gains. If the construction of new inventory continues in St. Lucie County, these sales numbers may continue to show positive results. One f the few laces in the state (and nationally) to do so.

To view, the full report, click the image above or this link.

View the entire set of data at GabeSanders.com

Click to see previous St Lucie County quarterly reports

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

St Lucie County Single Family Homes March 2022 Market Report

04.24.22 by

St Lucie County Single Family Homes March 2022 Market Report

The March 2022 St Lucie County Single Family Home market had improved sales activity when compared to last year. This is pretty impressive when you consider the extremely low inventory of available homes available for purchase as well as the results of other surrounding counties. Closed sales were up by 16.2% for the month compared to last year (in February they were up by 22.0%). New sales under contract (new pending sales) decreased by 4.0% (they were down by 5.9% last month).

Prices were also up in March.  The median sales price was up by 31.6% (was up by 27.3% in February).  The average sales price was up by 29.7% (it was up by 24.0% in February).

The number of available home listings decreased by 1 home to 594.  This inventory is 22.4% less than last year.  The current supply of homes is only 0.9 months (it was 1.4 months last year).  The St Lucie County single-family home market remains an extreme sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes March 2022 Market Report
Click here 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 Single Family Homes 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

St Lucie County Single Family Homes February 2022 Market Report

03.22.22 by

St Lucie County Single Family Homes February 2022 Market Report

The February 2022 St Lucie County Single Family Home market had improved sales activity when compared to last year. This is pretty impressive when you consider the extremely low inventory of available homes available for purchase as well as the results of other surrounding counties. Closed sales were up by 22.0% for the month compared to last year (in January they were up by 15.6%). New sales under contract (new pending sales) decreased by 5.9% (they were up by 3.8% last month).

Prices were up in February.  The median sales price was up by 27.3% (was up by 30.0% in January).  The average sales price was up by 24.0% (it was up by 29.7% in January).

The number of available home listings increased by 16 homes to 595.  This inventory is 32.6% less than last year.  The current supply of homes is only 1.0 months (it was 1.7 months last year).  The St Lucie County single-family home market remains in an extreme sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes February 2022 Market Report
Click here 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 Single Family Homes February 2022 Market Report

St Lucie County Townhouses and Condos January 2022 Market Report

02.26.22 by

St Lucie County Townhouses and Condos January 2022 Market Report

The St Lucie County Townhouses and Condos market had slightly better sales activity when compared to last January. This is impressive considering the unprecedented low inventory in this market. Closed sales were up by 1.0% from last year (were down by 20.3% in December). New pending sales were down by 4.8% for January (they were down by 19.8% last month).

Prices continued to rise in January. The median price increased by 7.2% from last year (was down by 5.5% in December) and the average sales price increased by 21.7% (was up by 21.7 % in December).

The inventory of available townhouses and condos decreased by 10 units from last month to 136 residences. This is 60.5% less inventory than we had in January 2021. The current inventory supply is 1.0 months, as compared to 3.0 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 January 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 January 2022 Market Report

St Lucie County Single Family Homes January 2022 Market Report

02.25.22 by

St Lucie County Single Family Homes January 2022 Market Report

The January 2022, St Lucie County Single Family Home market had improved sales activity when compared to last year. This is pretty impressive when you consider the extremely low inventory of available homes available for purchase. Closed sales were up by 15.6% for the month compared to last year (in December they were up by 24.2%). New sales under contract (new pending sales) increased by 3.8% (they were down by 0.5% last month).

Prices were also up in January.  The median sales price was up by 30.0% (was up by 24.3% in December).  The average sales price was up by 29.7% (it was up by 31.0% in December).

The number of available home listings decreased by 30 homes to 595.  This inventory is 39.8% less than last year.  The current supply of homes is only 1.0 months (it was 1.8 months last year).  The St Lucie County single-family home market remains in an extreme sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes January 2022 Market Report
Click here 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 Single Family Homes January 2022 Market Report

St. Lucie County Townhouses and Condos 2021 4th Quarter Report

02.01.22 by

St. Lucie County Townhouses and Condos 2021 4th Quarter Report

Click the image below to view the full details of the St. Lucie County townhouses and condos market report data as reported by St. Lucie County Realtor for the 2nd Quarter 2021.

St. Lucie County Townhouses and Condos 2021 4th Quarter Report

For the 4th quarter of 2021, the Saint Lucie Count townhouses and condo real estate market had weaker sales volume when compared to the 4th quarter of 2020.  This is mostly due to the unprecedented low inventory of available homes and to a lesser extent the rapidly rising prices. For the near future, I don’t see the inventory rising by any significant amount. This should continue to depress real estate sales volume for a while.

To view the full report, click the image above or this link.

View the entire set of data at GabeSanders.com

Click to view previous St Lucie County quarterly reports

St. Lucie County Townhouses and Condos 2021 4th Quarter Report

St. Lucie County Single Family Homes 2021 4th Quarter Report

01.31.22 by

St. Lucie County Single Family Homes 2021 4th Quarter Report

Click the image below to view the full details of the St. Lucie County single-family market report data as reported by St. Lucie County Realtor.

St. Lucie County Single Family Homes 2021 4th Quarter Report

Unlike most other areas in our market, the St. Lucie County single-family home real estate market had an improved sales volume when compared to the 4th quarter of 2020.   These sales results are quite remarkable considering the current unprecedented low inventory. There is very active new home construction in place in Saint Lucie County which is probably why we have these positive results. Prices were also higher this period with very large gains. We are expecting the low inventory to affect future sales volume for the near future.

To view, the full report, click the image above or this link.

View the entire set of data at GabeSanders.com

Click to see previous St Lucie County quarterly reports

St Lucie County Townhouses and Condos December 2021 Market Report

01.26.22 by

St Lucie County Townhouses and Condos December 2021 Market Report

The St Lucie County Townhouses and Condos market had weaker sales activity when compared to last December. The unprecedented low inventory is the primary factor for these results. Closed sales were down by 20.3% from last year (were down by 20.5% in November). New pending sales were down by 19.8% for December (they were down by 24.3% last month).

Prices continued to rise in December. The median price increased by 5.5% from last year (was down by 4.0% in November) and the average sales price increased by 21.7% (was up by 7.5% in November).

The inventory of available townhouses and condos decreased by 23 units from last month to 146 residences. This is 54.2% less inventory than we had in December 2020. The current inventory supply is 1.1 months, as compared to 2.9 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 December 2021 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 December 2021 Market Report

St Lucie County Single Family Homes December 2021 Market Report

01.25.22 by

St Lucie County Single Family Homes December 2021 Market Report

The December 2021, St Lucie County Single Family Home market had improved sales activity when compared to last year. This is pretty impressive when you consider the extremely low inventory of available homes available for purchase. Closed sales were up by 24.2% for the month compared to last year (in November they were up by 8.0%). New sales under contract (new pending sales) decreased by 0.5% (they were up by 12.1% last month).

Prices were also up in December.  The median sales price was up by 24.3% (was up by 29.1% in November).  The average sales price was up by 31.0% (it was up by 34.2% in November).

The number of available home listings decreased by 79 homes to 625.  This inventory is 32.9% less than last year.  The current supply of homes is only 1.0 months (it was 1.8 months last year).  The St Lucie County single-family home market remains in an extreme sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes December 2021 Market Report
Click here 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 Single Family Homes December 2021 Market Report

St Lucie County Townhouses and Condos November 2021 Market Report

12.29.21 by

St Lucie County Townhouses and Condos November 2021 Market Report

The St Lucie County Townhouses and Condos market had weaker sales activity when compared to last November. The low inventory is the primary factor for these results. Closed sales were down by 20.5% from last year (were down by 38.9% in October). New pending sales were down by 24.3% for November (they were down by 24.4% last month).

Prices were mixed for November. The median price decreased by 4.0% from last year (was up by 29.1% in October) and the average sales price increased by 7.5% (was up by 34.2% in October).

The inventory of available townhouses and condos decreased by 11 units from last month to 169 residences. This is 53.3% less inventory than we had in November 2020. The current inventory supply is 1.2 months, as compared to 3.3 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.

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 November 2021 Market Report

St Lucie County Single Family Homes November 2021 Market Report

12.28.21 by

St Lucie County Single Family Homes November 2021 Market Report

The November 2021, St Lucie County Single Family Home market had improved sales activity when compared to last year. Closed sales were up by 8.0% for the month compared to last year (in October they were up by 7.7%). New sales under contract (new pending sales) increased by 12.1% (they were up by 7.5% last month).

Prices continued to rise in November.  The median sales price was up by 29.1% (was up by 28.8% in October).  The average sales price was up by 34.2% (it was up by 25.4% in October).

The number of available home listings decreased by 45 homes to 704 homes.  This inventory is 29.2% less than last year.  The current supply of homes is only 1.2 months (it was 1.9 months last year).  The St Lucie County single-family home market remains in an extreme sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Townhouses and Condos November 2021 Market Report
Click here 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 Single Family Homes November 2021 Market Report

St Lucie County Townhouses and Condos October 2021 Market Report

11.28.21 by

St Lucie County Townhouses and Condos October 2021 Market Report

The St Lucie County Townhouses and Condos market had weaker sales activity than last October. Mostly because of the extremely low inventory of available homes as well as the rapid appreciation of prices. Closed sales were down by 38.9% from last year (were down by 26.9% in September). New pending sales were down by 24.4% for October (they were down by 35.6% last month).

Prices, once again, rose in October. The median price increased by 29.6% from last year (was up by 20.5% in September) and the average sales price increased by 23.0% (was up by 23.5% in September).

The inventory of available townhouses and condos increased by 5 units from last month to 180 residences. This is 50.3% less inventory than we had in October 2020. The current inventory supply is 1.3 months, as compared to 3.5 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 2021 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 2021 Market Report