St Lucie County Townhouses and Condos October 2021 Market Report

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

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

Martin County Townhouses and Condos October 2021 Market Report

Martin County Townhouses and Condos October 2021 Market Report

The Martin County Townhouses and Condos had weaker sales activity than last October. Mostly because of the low inventory of available homes as well as the rapid appreciation of prices. Closed sales for the month were down by 18.4%.  They were down by 2.5% in September.  New sales under contract (new pending sales) were down by 12.8% from last year.  They were down by 17.0% in September.

Prices, however, continued to rise in October.  The median sales price increased by 16.5% (was up by 21.3% last month). While the average sales price increased by 15.3% (was up by 35.3% in September).

The inventory of available townhouses and condos decreased by 12 units to 105 properties.  This is a 63.3% smaller supply of inventory than we had in October 2020.  Currently, there’s a 0.9 months supply of inventory (compared to 3.0 months for October 2020).  We remain in a seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Search for previous Martin County townhouses and condos market reports

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.

Martin County Townhouses and Condos October 2021 Market Report

St Lucie County Townhouses and Condos September 2021 Market Report

St Lucie County Townhouses and Condos September 2021 Market Report

The St Lucie County Townhouses and Condos market had weaker sales activity than last September. Mostly because of the low inventory of available homes as well as the rapid appreciation of prices. Closed sales were down by 26.9% from last year (were down by 16.9% in August). New pending sales were down by 35.6% for September (they were down by 16.2% last month).

Prices, however, rose in September. The median price increased by 20.5% from last year (was up by 11.0% in August) and the average sales price increased by 23.5% (was down by 0.3% in August).

The inventory of available townhouses and condos increased by 1 unit from last month to 175 residences. This is 54.8% less inventory than we had in September 2020. The current inventory supply is 1.2 months, as compared to 4.0 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 September 2021 Market 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 September 2021 Market Report

Martin County Townhouses and Condos September 2021 Market Report

Martin County Townhouses and Condos September 2021 Market Report

The Martin County Townhouses and Condos had weaker sales activity than last September. Mostly because of the low inventory of available homes as well as the rapid appreciation of prices. Closed sales for the month were down by 2.5%.  They were down by 2.8% in August.  New sales under contract (new pending sales) were down by 17.0% from last year.  They were up by 6.6% in August.

Prices, however, continued to rise in September.  The median sales price increased by 21.3% (was up by 14.0% last month). While the average sales price increased by 35.3% (was up by 31.4% in August).

The inventory of available townhouses and condos decreased by 18 units to 117 properties.  This is a 60.9% smaller supply of inventory than we had in September 2020.  Currently, there’s a 1.0 month supply of inventory (compared to 3.3 months for September 2020).  We remain in a seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos September 2021 Market Report

Search for previous Martin County townhouses and condos market reports

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.

Martin County Townhouses and Condos September 2021 Market Report

Sawgrass Villas Palm City October 2021 Market Report

Sawgrass Villas Palm City October 2021 Market Report

For October 2021, there are no townhomes available for sale in the Sawgrass Villas community of Palm City Florida.

There are also no townhomes that are under contract at this time.

In the past 12 months, 4 homes have sold in Sawgrass Villas.  Sales prices ranged from $255,000 up to $295,000.  This equals an average sales price of $272,250 which works out to $158.45 per sq. ft. of living area.  These homes sold for an average of 98% of the list price and averaged 47 days on the market before going under contract.

Click here for previous Sawgrass Villas market reports!

About the Sawgrass Villas in Palm City:

Sawgrass Villas in Palm City Florida
Google Earth image

Sawgrass Villas homes for sale:

Built in 2005, the Sawgrass Villas of Palm City is one of the few newer affordable townhome-style condos in the area.  There are 52 units with two different floor plans.  All are 3 bedroom, 2 bathroom with either 2.079 sq. ft. of living area for the larger floor plan or 1,621 sq. ft. for the smaller ones.  With a rare exception, all of these townhouses have a 1 car garage.

Recent Sawgrass Villas sales:

Great location within walking distance to shopping and some restaurants and an easy drive to historic downtown Stuart and the beaches of Martin County or to Florida’s Turnpike for those needing to get to points north or south.

Sawgrass Villas in Palm City

The HOA fees include building maintenance and insurance, landscaping, trash pickup, Cable TV,  and exterior pest control.

Sawgrass Villas in Palm City

Live the easy maintenance and worry-free life in these solid concrete townhomes featuring Hardi-plank siding and metal roofs.

Click here to search for Sawgrass Villas homes 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.

Sawgrass Villas Palm City October 2021 Market Report