Florida Townhouses and Condos March 2018 Market Report

05.02.18 by

Florida Townhouses and Condos March 2018 Market Report

The Florida Townhouses and Condos March 2018 Market Report had weaker activity when compared to last year but remains as a stong market.  Closed sales were down by 1.8% as compared to last month’s increase of 6.4% and new sales under contract (new pending sales) decreased by 3.7% (In February there was an 1.6% increase).

Prices, however, continued their upward march.  Median sales prices were up by 7.0% (was up by 7.2% in February), while the average sales price increased by 5.1% (was up 11.9% in February).

The inventory of active listings decreased by 3.6% from March of last year.  For March 2018 we have 5.9 months of inventory (was 6.0 months in February) and compared to 6.3 months for March 2017.  We remain in a seller’s market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos March 2018 Market Report

Click on the link below or the graphic to see the full market Report report from Florida Realtors: Click here to view or download the full report:
Florida 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.

Florida Townhouses and Condos March 2018 Market Report

Florida Townhouses and Condos February 2018 Market Report

04.03.18 by

Florida Townhouses and Condos February 2018 Market Report

The Florida Townhouses and Condos February 2018 Market Report continued with stronger activity as compared to the previous year.  Closed sales were up by 6.4% as compared to last month’s increase of 5.9% and new sales under contract (new pending sales) increased by 1.6% (In January there was an 8.1% increase).

Prices also continued their upward march.  Median sales prices were up by 7.2% (was up by 11.7% in January), while the average sales price increased by 11.9% (was up 17.1% in January).

The inventory of active listings decreased by 3.0% from February of last year.  For February 2018 we have 6.0 months of inventory (was 5.9 months in January) and compared to 6.4 months for February 2017.  We remain in a seller’s market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos February 2018 Market Report

Click on the link below or the graphic to see the full market Report report from Florida Realtors: Click here to view or download the full report:
Florida 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.

Florida Townhouses and Condos February 2018 Market Report

Florida Townhouses and Condos January 2018 Market Report

03.12.18 by

Florida Townhouses and Condos January 2018 Market Report

The Florida Townhouses and Condos January 2018 Market Report showed strong activity to begin 2018.  Closed sales were up by 5.9% as compared to last month’s increase of 6.0% and new sales under contract (new pending sales) increased by 8.1% (In December there was a 3.6% increase).

Prices also continue to rise.  Median sales prices were up by 11.7% (was up by 11.1% in December), while the average sales price increased by 17.1% (was up 17.8% in December).

The inventory of active listings decreased by 4.8% from January of last year.  For January 2018 we have 5.9 months of inventory (was 5.6 months in December) and compared to 6.4 months for January 2017.  We remain in a seller’s market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos January 2018 Market Report

Click on the link below or the graphic to see the full market Report report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos January 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.

Florida Townhouses and Condos January 2018 Market Report

Florida Townhouses and Condos December 2017 Market Report

01.29.18 by

Florida Townhouses and Condos December 2017 Market Report

The Florida Townhouses and Condos December 2017 Market Report continues to outperform last year’s activity.  Closed sales were up by 6.0% as compared to last month’s increase of 5.8% and new sales under contract (new pending sales) increased by 3.6% (In November there was a 9.3% increase).

Prices continue to go up.  Median sales prices were up by 11.1% (was up by 8.6% in November), while the average sales price increased by 17.8% (was up 0.8% in November).

The inventory of active listings decreased by 4.0% from December of last year.  For December 2017 we have 5.6 months of inventory (was 5.7 months in November) and compared to 6.0 months for December 2016.  We remain in a seller’s market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos December 2017 Market Report

Click on the link below or the graphic to see the full market Report report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos December 2017 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.

Florida Townhouses and Condos December 2017 Market Report

Schooner Oaks January 2018 Real Estate Market Report

01.28.18 by

Schooner Oaks January 2018 Real Estate Market Report

For January 2018 there are 2 homes for sale in Schooner Oaks in Stuart, FL.  These homes are listed for sale with prices of $262,000 and $290,000 for an average list price of 276,000 or $135.02 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months, 5 Schooner Oaks homes have sold.  They sold for a low price of $200,000 to a high price of $547,500 for an average sold price of $299,000 which equals $148.26 per sq. ft. of living area. These homes went under contract in an average of 49 days and sold for 97% of list price.

About Schooner Oaks in Rocky Point:

Schooner Oaks in Rocky Point

The Schooner Oaks community of Rocky Point in Stuart FL is a townhouse style complex under condo association rules.  There are 86 units of varying sizes that were built from 1985 till 1997.

Schooner Oaks in Rocky Point Schooner Oaks in Rocky Point

These townhouses vary from the largest one with 4 bedrooms and 4 bathrooms and 2,140 sq. ft. of living area down to 2 bedroom, 2 bath condos with around 1,400 sq. ft. of living area.  Most units come with an attached single car garage.

Schooner Oaks in Rocky Point Schooner Oaks in Rocky Point

Residents enjoy the use of a clubhouse with billiards, fitness room, heated pool, spa and tennis courts.  There’s a waterfront gazebo with a day dock and fishing pier off the Intracoastal Waterway with views toward the Saint Lucie Inlet of the Atlantic Ocean.

Schooner Oaks in Rocky Point Schooner Oaks in Rocky Point

This is a pet friendly community allowing for up to two large pets.   Rentals are also allowed and there are some vehicle restrictions. The current HOA fees are $570 per month.  These fees cover Assessment Fee, Cable, Common Areas, Fire/Liability Insur, Grounds / Plants, Insurance-Bldg, Insurance-Other, Janitor, Lawn Care, Legal/Accounting, Maintenance – Repair, Maintenance Exterior, Management Fees, Manager, Pest Control, Pool Service, Reserve Funds, Roof Maintenance and Trash Removal.

Search here for any available Schooner Oaks Condos for sale

Schooner Oaks January 2018 Real Estate Market Report

 

Florida Townhouses and Condos November 2017 Market Report

12.29.17 by

Florida Townhouses and Condos November 2017 Market Report

The Florida Townhouses and Condos November 2017 Market Report showed stronger activity as compared to last year.  Closed sales were up by 5.8% as compared to last month’s increase of 2.2% and new sales under contract (new pending sales) increased by 9.3% (In October there was a 12.9% increase).

Prices continue to go up.  Median sales prices were up by 8.6% (was up by 5.2% in October), while the average sales price increased by 0.8% (was up 6.2% in October).

The inventory of active listings decreased by 3.4% from November of last year.  For November 2017 we have 5.7 months of inventory (was 5.6 months in October) and compared to 6.0 months for November 2016.  We remain in a seller’s market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos November 2017 Market Report

Click on the link below or the graphic to see the full market Report report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos November 2017 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.

Florida Townhouses and Condos November 2017 Market Report

Florida Townhouses and Condos October 2017 Market Report

12.04.17 by

Florida Townhouses and Condos October 2017 Market Report

The Florida Townhouses and Condos October 2017 Market Report showed stonger activity as compared to last year.  Closed sales were up by 2.2% as compared to last month’s decrease of 15.9% and new sales under contract (new pending sales) increased by 12.9% (In September there was a 32.7% decrease).

Prices continue to go up.  Median sales prices were up by 5.2% (was up by 8.1% in September), while the average sales price increased by 6.2% (was up 7.9% in September).

The inventory of active listings decreased by 3.4% from October of last year.  For October 2017 we have 5.6 months of inventory (was 5.5 months in September) and compared to 5.9 months for October 2016.  We remain in a seller’s market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

October 2017 Florida Townhouses and Condos Market Report

Click on the link below or the graphic to see the full market Report report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos October 2017 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.

Florida Townhouses and Condos October 2017 Market Report

Florida Townhouses and Condos September 2017 Market Report

10.30.17 by

Florida Townhouses and Condos September 2017 Market Report

The Florida Townhouses and Condos Market Report for September 2017 showed weaker activity from last year. This decrease can most likely be attributed to Hurricane Irma which shut things down for a couple of weeks in September.   Closed sales were down by 15.9% as compared to last month’s increase of 2.6% and new sales under contract (new pending sales) decreased by 32.7% (In August there was a 8.1% increase).

Prices continue to go up.  Median sales prices were up by 8.1% (was up by 6.3% in August), while the average sales price increased by 7.9% (was up 5.5% in August).

The inventory of active listings decreased by 3.8% from September of last year.  For September 2017 we have 5.5 months of inventory (was 5.4 months in August) and compared to 5.7 months for September 2016.  We remain in a slight seller’s market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Click on the link below or the graphic to see the full market Report report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos September 2017 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.

Florida Townhouses and Condos September 2017 Market Report

Florida Townhouses and Condos August 2017 Market Report

10.03.17 by

Florida Townhouses and Condos August 2017 Market Report

The Florida Townhouses and Condos Market Report for August 2017 showed continued growth when compared to last year with a nice rise in new pending sales.   Closed sales were up by 2.6% as compared to last month’s increase of 3.6% and new sales under contract (new pending sales) increased by 8.1% (In July there was a 3.6% increase).

Prices continue to go up.  Median sales prices were up by 6.3% (was up by 6.8% in July), while the average sales price increased by 5.5% (was up 9.8% in July).

The inventory of active listings decreased by 3.1% from August of last year.  For August 2017 we have 5.4 months of inventory (was 5.6 months in July) and compared to 5.7 months for August 2016.  We remain in a slight seller’s market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos August 2017 Market Report

Click on the link below or the graphic to see the full market Report report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos August 2017 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.

Florida Townhouses and Condos August 2017 Market Report

Florida Townhouses and Condos July 2017 Market Detail

09.07.17 by

Florida Townhouses and Condos July 2017 Market Detail

The Florida Townhouses and Condos Market Detail for July 2017 showed continued growth when compared to last year although at a slightly slower rate.   Closed sales were up by 3.6% as compared to last month’s increase of 4.9% and new sales under contract (new pending sales) increased by 3.6% (In June there was an 6.4% increase).

Prices rose for the month.  Median sales prices were up by 6.8% (was up by 7.2% in June), while the average sales price increased by 9.8% (was up 5.9% in June).  Back to steadily increasing values.

The inventory of active listings decreased by 1.2% from July of last year.  For July 2017 we have 5.6 months of inventory (was 5.8 months in June) and compared to 5.8 months for July 2016.  We remain in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos July 2017 Market Detail

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos July 2017 Market Detail

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.

Florida Townhouses and Condos July 2017 Market Detail

Florida Townhouses and Condos June 2017 Market Detail

07.28.17 by

Florida Townhouses and Condos June 2017 Market Detail

The Florida Townhouses and Condos Market Detail for June 2017 showed continued growth when compared to last year.   Closed sales were up by 4.9% as compared to last month’s increase of 8.0% and new sales under contract (new pending sales) increased by 6.4% (In May there was an 8.0% increase).

Prices rose for the month.  Median sales prices were up by 7.2% (was up by 8.1% in May), while the average sales price increased by 5.9% (was up 8.0% in May).  Back to steadily increasing values.

The inventory of active listings decreased by 1.2% from June of last year.  For June 2017 we have 5.8 months of inventory (was 6.0 months in May) and compared to 5.9 months for June 2016.  We are slipping back into a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

June 2017 Florida Townhouses and Condos Market Report

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos June 2017 Market Detail

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.

Florida Townhouses and Condos June 2017 Market Detail

Schooner Oaks July 2017 Real Estate Market Report

07.25.17 by

Schooner Oaks July 2017 Real Estate Market Report

For July 2017 there are 2 homes for sale in Schooner Oaks in Stuart, FL.  These homes are listed for sale with prices of $245,0000 and $249,900 for an average list price of $247,450 or $118.12 per sq. ft. of living area.

There is 1 home currently under contract.  It was listed for $199,999 which is $142.86 per sq. ft. of living area.  This home was on the market for 3 days before going under contract.

In the past 12 months, only 5 homes have sold.  These homes sold for a low price of $200,000 to a high price of $547,500 for an average sold price of $299,000 which equals $139.88 per sq. ft. of living area. These homes went under contract in an average of 51 days and sold for 96% of list price.

About Schooner Oaks in Rocky Point:

Schooner Oaks in Rocky Point

The Schooner Oaks community of Rocky Point in Stuart FL is a townhouse style complex under condo association rules.  There are 86 units of varying sizes that were built from 1985 till 1997.

Schooner Oaks in Rocky Point Schooner Oaks in Rocky Point

These townhouses vary from the largest one with 4 bedrooms and 4 bathrooms and 2,140 sq. ft. of living area down to 2 bedroom, 2 bath condos with around 1,400 sq. ft. of living area.  Most units come with an attached single car garage.

Schooner Oaks in Rocky Point Schooner Oaks in Rocky Point

Residents enjoy the use of a clubhouse with billiards, fitness room, heated pool, spa and tennis courts.  There’s a waterfront gazebo with a day dock and fishing pier off the Intracoastal water way with views toward the Saint Lucie Inlet of the Atlantic Ocean.

Schooner Oaks in Rocky Point Schooner Oaks in Rocky Point

This is a pet friendly community allowing for up to two large pets.   Rentals are also allowed and there are some vehicle restrictions. The current HOA fees are $570 per month.  These fees cover Assessment Fee, Cable, Common Areas, Fire/Liability Insur, Grounds / Plants, Insurance-Bldg, Insurance-Other, Janitor, Lawn Care, Legal/Accounting, Maintenance – Repair, Maintenance Exterior, Management Fees, Manager, Pest Control, Pool Service, Reserve Funds, Roof Maintenance and Trash Removal.

Search here for any available Schooner Oaks Condos for sale

Schooner Oaks July 2017 Real Estate Market Report

Woodmill Pond Townhomes in Stuart FL June 2017 Market Report

06.25.17 by

Woodmill Pond Townhomes in Stuart FL June 2017 Market Report

As of June 2017, there are two homes available to purchase in the Woodmill Pond community of Stuart FL.  These two homes were listed for $230,000 and $234,000 for an averagelist price of $232,000 which equals $102.58 per sq. ft. of living area.

There is one home currently under contract.  The list price was $219,000 or $98.38 per sq. ft. of living area.  This home was on the market for 21 days before going under contract.

In the past 12 months, 7 townhomes have sold in Woodmill Pond.  Sales prices ranged from $210,000 up to $245,000 for an average sales price of $228,986 which works out to $103.52.  These homes averaged 90 days on the market before going under contract and sold for an average of 98% of list price.

About Woodmill Pond Townhomes in Stuart FL:

Very conveniently located just off US Highway 1 (Federal Highway) in the southern part of Stuart FL is this townhome development of 50 units, which was built in 2007 and in 2010.  While these are two level townhomes with 2 car garages the complex is deeded as condos, meaning the exterior maintenance, common areas, insurance are all included in the association fees.  With these homes come newer construction and all the latest codes are in compliance with most homes having hurricane impact glass making hurricane shutters not a requirement. As of this writing (June 2017), these fees were $374 per month.  These fees cover Common Areas, Insurance-Bldg, Lawn Care, Maintenance Exterior, Manager, Recreational Facilities, Reserve Funds, Water, and Sewer.

Woodmill Pond Townhomes in Stuart FL Woodmill Pond Townhomes in Stuart FL

All homes in Woodmill Pond are 3 bedrooms with 2 and ½ bathrooms.  The ones built in 2007 have 2,076 sq. ft. of living area (under air conditioned space) while those built in 2010 are larger with 2,299 sq. ft.  There’s a clubhouse and a heated community swimming pool.  Up to two pets are allowed per unit and rentals are also permitted with some restrictions.

Woodmill Pond Townhomes in Stuart FL Woodmill Pond Townhomes in Stuart FL

Children living in Woodmill Pond attend Seawind Elementary, Murray Middle and South Fork High schools.

Woodmill Pond Townhomes in Stuart FL Woodmill Pond Townhomes in Stuart FL

Very close to a number of golf courses as well as just minutes to historic downtown Stuart to the north and the Town of Jupiter to the south.  Also close to shopping, restaurants, beaches, boating facilities and medical services.

Search here for Woodmill Pond townhomes in Stuart FL

Florida Townhouses and Condos May 2017 Market Detail

06.24.17 by

Florida Townhouses and Condos May 2017 Market Detail

The Florida Townhouses and Condos Market Detail for May 2017 showed continued growth when compared to last year.   Closed sales were up by 8.0% as compared to last month’s decrease of 4.0% and new sales under contract (new pending sales) increased by 8.0% (In April there was a 5.5% decrease).

Prices rose for the month.  Median sales prices were up by 8.1% (was up by 7.2% in April), while the average sales price decreased by 8.0% (was down 0.9% in April).  Back to steadily increasing values.

The inventory of active listings decreased by 1.5% from May of last year.  For May 2017 we have 6.0 months of inventory (was 6.1 months in April) and compared to 6.1 months for May 2016.  We remain in a balanced market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos May 2017 Market Detail

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos May 2017 Market Detail

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.

Florida Townhouses and Condos May 2017 Market Detail

Florida Townhouses and Condos April 2017 Market Detail

05.30.17 by

Florida Townhouses and Condos April 2017 Market Detail

The Florida Townhouses and Condos Market Detail for April 2017 showed weaker activity for April when compared to last year.   Closed sales were down by 4.0% as compared to last month’s increase of 11.4% and new sales under contract (new pending sales) decreased by 5.5% (In March there was a 7.1% increase).

Prices were mixed for the month.  Median sales prices were up by 7.2% (was up by 9.4% in March), while the average sales price decreased by 0.9% (was up 10.7% in March).  Some weakness after many months of increases.

The inventory of active listings decreased by 1.3% from April of last year.  For April 2017 we have 6.1 months of inventory (was 6.3 months in March) and compared to 6.2 months for April 2016.  We remain in a balanced market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos April 2017 Market Detail

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos April 2017 Market Detail

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.

Florida Townhouses and Condos April 2017 Market Detail

Florida Townhouses and Condos March 2017 Market Detail

04.25.17 by

Florida Townhouses and Condos March 2017 Market Detail

The Florida Townhouses and Condos Market Detail for March 2017 continued with strong sales activity.   Closed sales were up by 11.4% as compared to last months increase of 4.1% and new sales under contract (new pending sales) increased by 7.1% (In February there was a 0.5% increase).

Values continued to increase though at a strong pace.  Median sales prices were up by 9.4% (was up by 11.7% in February), while the average sales price increased by 10.7% (was up 8.5% in February).  As sales activity decreases and if inventory continues to increase, I expect these prices to continue to moderate, though they are staying pretty resilient at this time.

The inventory decreased by 0.1% from March of last year.  For March 2017 we have 6.3 months of inventory (was  6.4 months in February) and compared to 6.2 months for March 2016.  We remain in a balanced market for Florida townhouse and condo sales but are drifting slowly towards a buyers market in the past year. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos March 2017 Market Detail

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos March 2017 Market Detail

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.

Florida Townhouses and Condos March 2017 Market Detail

Florida Townhouses and Condos February 2017 Market Detail

03.31.17 by

Florida Townhouses and Condos February 2017 Market Detail

The Florida Townhouses and Condos Market Detail for February 2017 began the year with mostly positive activity when compared to last year.   Closed sales were up by 4.1% as compared to last months increase of 6.2% and new sales under contract (new pending sales) increased by 0.5% (In January there was a 6.5% increase).

Values continued to increase though at a strong pace.  Median sales prices were up by 11.7% (was up by 6.6% in January), while the average sales price increased by 8.5% (was up 4.0% in January).  As sales activity decreases and if inventory continues to increase, I expect these prices to continue to moderate, though they are staying pretty resilient at this time.

The inventory increased by 1.3% from February of last year.  For February 2017 we have 6.4 months of inventory (was also 6.4 months in January) and compared to 6.2 months for February 2016.  We remain in a balanced market for Florida townhouse and condo sales but are drifting slowly towards a buyers market in the past year. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos February 2017 Market Detail

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos February 2017 Market Detail

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.

Florida Townhouses and Condos February 2017 Market Detail

Florida Townhouses and Condos January 2017 Market Detail

02.27.17 by

Florida Townhouses and Condos January 2017 Market Detail

The Florida Townhouses and Condos Market Detail for January 2017 began the year with mostly positive activity when compared to last year and the previous month.   Closed sales were up by 6.2% as compared to last months decrease of 5.2% and new sales under contract (new pending sales) increased by 6.5% (In December there was a 2.1% decrease).

Values continued to increase though at a more moderate pace.  Median sales prices were up by 6.6% (was up by 7.7% in December), while the average sales price increased by 4.0% (was up 4.2% in December).  As sales activity decreases and if inventory continues to increase, I expect these prices to continue to moderate, though they are staying pretty resilient at this time.

The inventory increased by 6.3% from January of last year.  For January 2017 we have 6.4 months of inventory (was  6.0 months in December) and compared to 5.8 for January 2016.  We remain in a balanced market for Florida townhouse and condo sales but are drifting slowly towards a buyers market in the past year. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos January 2017 Market DetailFlorida Townhouses and Condos January 2017 Market Detail

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos January 2017 Market Detail

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.

Florida Townhouses and Condos January 2017 Market Detail

Florida Townhouses and Condos December 2016 Market Detail

01.29.17 by

Florida Townhouses and Condos December 2016 Market Detail

The Florida Townhouses and Condos Market Detail for December 2016 showed weaker activity for the last month of this year when compared to last year and the previous month.   Closed sales were down by 5.2% as compared to last months increase of 4.1% and new sales under contract (new pending sales) decreased by 2.1% (In November there was a 2.3% increase).

Values, however, continued to increase though at a more moderate pace.  Median sales prices were up by 7.7% (was up by 8% in November), while the average sales price increased by 4.2% (was up 4.5% in November).  As sales activity decreases and if inventory continues to increase, I expect these prices to continue to moderate, though they are staying pretty resilient at this time.

The inventory increased by 13.2% from December of last year.  For December 2016 we have 6.0 months of inventory (was  6.1 months in November) and compared to 5.3 for December 2015.  We remain in a balanced market for Florida townhouse and condo sales. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos December 2016 Market Detail

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos December 2016 Market Detail

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.

Florida Townhouses and Condos December 2016 Market Detail

Florida Townhouses and Condos November 2016 Market Detail

12.29.16 by

Florida Townhouses and Condos November 2016 Market Detail

The Florida Townhouses and Condos Market Detail for November 2016 showed gains for the month as compared to both the previous year and the previous month.   Closed sales were up by 4.1% as compared to last months decrease of 12.3% and new sales under contract (new pending sales) increased by 2.3% (In October there was a 14.5% decrease).

Values, also, continued to increase though at a more moderate pace.  Median sales prices were up by 8% (was up by 8.1% in October), while the average sales price increased by 4.5% (was up 0.5% in October).  As sales activity decreases and if inventory continues to increase, I expect these prices to continue to moderate, though they are staying pretty resilient at this time.

The inventory increased by 13% from November of last year.  For October 2016 we have 6.1 months of inventory (was  5.9 months in October) and compared to 5.4 for November 2015.  We are now in a balanced market for Florida townhouse and condo sales. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos November 2016 Market Detail

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos November 2016 Market Detail

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.

Florida Townhouses and Condos November 2016 Market Detail