March 2015 Monthly Market Detail St Lucie County Townhouses and Condos

04.30.15 by

March 2015 Monthly Market Detail St Lucie County Townhouses and Condos

The March 2015 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors retreated a bit after an active February.  Closed sales were up by 2.5% (was up by 19.5% in February) while new sales under contract (new pending sales) increased by 1.2% (was up by 5.7% in February).

The median sales price decreased by 14.8% (up 71.3% in February) and the average sales price decreased by 7.7% (was up by 41.8% in February). Frankly, I don’t understand some of the wild price swings being reported for St. Lucie County and have asked those compiling the data to double check some of these figures..

The inventory of available townhouses and condos decreased by 4 units from last month to 684 properties, which is also down from last March by 26.5%. Current supply of inventory remained at 6.4 months, the same as February. This is 30% lower than last year. The St. Lucie County townhouse and condo market remains in a balanced market showing no advantage to either buyers or sellers.

March 2015 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
March 2015 Monthly Market Detail St Lucie County Townhouses and Condos

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 2015 Monthly Market Detail St Lucie County Townhouses and Condos

March 2015 Monthly Market Detail Martin County Townhouses and Condos

04.28.15 by

March 2015 Monthly Market Detail Martin County Townhouses and Condos

March 2015 Monthly Market Detail Martin County Townhouses and Condos came back strong for March after a fairly weak February.  Year to year closed sales were up by 21.7% (was up by 4.6% in February) as well as new sales under contract (new pending sales) increased by 22.1% from March 2014 (was up by 8.7% in February).

The median sales price was up by 13.2% (was up by 15.6% in February) while the average sales price increased by 7.8% (was up by 5.3% in February) as compared to March of 2014.  Continuing a trend of steady increases in values for Martin County.

The inventory of available townhouses and condos has decreased by 47 units to 461 properties from last month, this is 25.6% less inventory than was available in March of 2014.  For March there was a 4.2 month supply of inventory (a 32.3% decrease from last year).  A very strong sellers market for townhouses and condos in Martin County.  Buyers are in need of additional inventory for their potential purchases.

Martin County Townhouses and Condos

Click here to view or download the full report:
March 2015 Monthly Market Detail Martin County Townhouses and Condos

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 2015 Monthly Market Detail Martin County Townhouses and Condos

February 2015 Monthly Market Detail St Lucie County Townhouses and Condos

03.31.15 by

February 2015 Monthly Market Detail St Lucie County Townhouses and Condos

The February 2015 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors rebounded for February after a fairly weak start for 2015. Closed sales was up by 19.5% (was down by 1.2% in January) while new sales under contract (new pending sales) increased by 5.7% (was up by 15.9% in January).

The median sales price was up by 71.3% (up 3.9% in January) and the average sales price increased by 41.8% (was down by 10.1% in January). Prices for townhouses and condos in the St Lucie County market have been erratic for the past few months. Though for this month, these are some very significant price gains.

The inventory of available townhouses and condos decreased by 6 units from last month to 688 properties, which is also down from last February by 26.9%. Current supply of inventory decreased to 6.4 months from January, which was 6.6 months. This is 29.4% lower than last year. The St. Lucie County townhouse and condo market is in a balanced market showing no advantage to either buyers or sellers.

February 2015 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
February 2015 Monthly Market Detail St Lucie County Townhouses and Condos

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 2015 Monthly Market Detail St Lucie County Townhouses and Condos

February 2015 Monthly Market Detail Martin County Townhouses and Condos

03.29.15 by

February 2015 Monthly Market Detail Martin County Townhouses and Condos

February 2015 Monthly Market Detail Martin County Townhouses and Condos did not perform as strongly as last month, but still showed nice gains  in most segments.  Year to year closed sales were up by 4.6% (was up by 23.6% in January) as well as new sales under contract (new pending sales) increased by 8.7% from February 2014 (was up by 19% in January).

The median sales price was up by 15.6% (was up by 7.5% in January) while the average sales price increased by 5.3% (was down by 2.2% in January) as compared to February of 2014.  Back into a higher rate of increases as compared to the past two or three months .

The inventory of available townhouses and condos has decreased by 6 units to 508 properties from last month, this is 22.1% less inventory than was available in February of 2014.  For February there was a 4.7 month supply of inventory (a 25.4% decrease from last year).  A strong sellers market for townhouses and condos in Martin County for February 2015 with a definite need for more inventory of active listings.

February 2015 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
February 2015 Monthly Market Detail Martin County Townhouses and Condos

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 2015 Monthly Market Detail Martin County Townhouses and Condos

January 2015 Monthly Market Detail St Lucie County Townhouses and Condos

03.02.15 by

January 2015 Monthly Market Detail St Lucie County Townhouses and Condos

The January 2015 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors began 2015 with much weaker activity after a very strong December of 2014. Closed sales was down by 1.2% (was up by 29.8% in December) while new sales under contract (new pending sales) increased by 15.9% (was up by 20.2% in December).

The median sales price was up by 3.9% (up 8.3% in December) and the average sales price decreased by 10.1% (was down by 5.1% in December). Prices for townhouses and condos in the St Lucie County market have been erratic for the past few months. These differences in median and average prices indicate more sales in the lower end of the price ranges for St Lucie County townhouses and condos.

The inventory of available townhouses and condos increased by 11 units from last month to 694 properties, which is still down by 24.6% from last January. Current supply of inventory increased to 6.6 months from December, which was 6.5 months. This is 26.4% lower than last year. The St. Lucie County townhouse and condo market remains is slipping into a buyers market for the short term. It is good to see a continued increase in inventory for January after many months of decreases.

St Lucie County Townhouses and Condos

Click here to view or download the full report:
January 2015 Monthly Market Detail St Lucie County Townhouses and Condos

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 2015 Monthly Market Detail St Lucie County Townhouses and Condos

January 2015 Monthly Market Detail Martin County Townhouses and Condos

02.28.15 by

January 2015 Monthly Market Detail Martin County Townhouses and Condos

January 2015 Monthly Market Detail Martin County Townhouses and Condos began the year as it ended 2014 with continued strong activity . Year to year closed sales were up by 23.6% (was up by 31.3% in December) as well as new sales under contract (new pending sales) increased by 19% from January 2014 (was up by 10.8% in December).

The median sales price was up by 7.5% (was down by 18.2% in December) while the average sales price dropped by 2.2% (was down by 13.6% in December) as compared to January of 2014.  The rate of price increases seem to have stalled somewhat for townhouses and condos the past few months.

The inventory of available townhouses and condos has increased by 5 units to 514 properties from last month, though this is still 20.9% less inventory than was available in January of 2014.  For January there was a 4.7 month supply of inventory (a 24.1% decrease from last year).  A strong sellers market for townhouses and condos in Martin County for January 2015.

Martin County Townhouses and Condos

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January 2015 Monthly Market Detail Martin County Townhouses and Condos

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 2015 Monthly Market Detail Martin County Townhouses and Condos

December 2014 Monthly Market Detail St Lucie County Townhouses and Condos

01.31.15 by

December 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The December 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed very strong sales activity for the final month of 2014. Closed sales were up by 29.8% (was down by 22.5% in November) while new sales under contract (new pending sales) increased by 20.2% (was down by 0.9% in November).

The median sales price was up by 8.3% (down 3.7% in November) and the average sales price decreased by 5.1% (was up by 8.1% in November). Prices for townhouses and condos in the St Lucie County market have been erratic for the past few months. With the improving economy and low interest rates, I expect to see increases in 2015.

The inventory of available townhouses and condos increased by 8 units from last month to 683 properties, which is still down by 22.3% from last December. Current supply of inventory remained unchanged from November at 6.5 months. This is 25.3% lower than last year. The St. Lucie County townhouse and condo market remains in a balanced market. It is good to see a continued increase in inventory for December after many months of decreases.

December 2014 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
December 2014 Monthly Market Detail St Lucie County Townhouses and Condos

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 2014 Monthly Market Detail St Lucie County Townhouses and Condos

December 2014 Monthly Market Detail Martin County Townhouses and Condos

01.29.15 by

December 2014 Monthly Market Detail Martin County Townhouses and Condos

December 2014 Monthly Market Detail Martin County Townhouses and Condos ended up the years with strong sales volume though prices were less than for the end of 2013. Year to year closed sales were up by 31.3% (was down by 1.8% in October) as well as new sales under contract (new pending sales) increased by 10.8% from December 2013 (was down by 0.9% in October).

The median sales price was off by 18.2% (was up by 15.8% in October) while the average sales price dropped by 13.6% (was up by 7% in October) as compared to December of 2013.  Prices have risen for most of the past two years and this may just be a one month event.

The inventory of available townhouses and condos has increased by 19 units to 509 properties from last month, though this is 20.5% less inventory than was available in December of 2013.  For December there was a 4.8 month supply of inventory (a 22.8% decrease from last year).  Still a sellers market for townhouses and condos in Martin County for December 2014.

December 2014 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
December 2014 Monthly Market Detail Martin County Townhouses and Condos

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 2014 Monthly Market Detail Martin County Townhouses and Condos

November 2014 Monthly Market Detail St Lucie County Townhouses and Condos

12.30.14 by

November 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The November 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed slower momentum.  Closed sales were down by 22.5% (was up by 9.9% in October) while new sales under contract (new pending sales) decreased by 0.9% (was down by 5.2% in October). 

The median sales price was down by a 3.7% (up 44.3% in October) and the average sales price increased by 8.1% (was up by 13.3% in October).  Quite a turnaround from last months values.

The inventory of available townhouses and condos increased by 11 units from last month to 675 units which is still down by 24.5% from last November.  Current supply of inventory increased to 6.5 months from the 6.3 month supply in October and is 25.3% lower than last year.  The St. Lucie County townhouse and condo market is slowly drifting out of a balanced market.  It is good to see a continued increase in inventory for November after many months of decreases.November 2014 Monthly Market Detail St Lucie County Townhouses and Condos

 

 Click here to view or download the full report:
November 2014 Monthly Market Detail St Lucie County Townhouses and Condos

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 2014 Monthly Market Detail St Lucie County Townhouses and Condos

November 2014 Monthly Market Detail Martin County Townhouses and Condos

12.28.14 by

November 2014 Monthly Market Detail Martin County Townhouses and Condos

November 2014 Monthly Market Detail Martin County Townhouses and Condos showed some decreasing volume of sales.  Year to year closed sales were down by 1.8% (was up by 14% in October) as well as new sales under contract (new pending sales) decreased by 0.9% from November 2013 (was up by 36.6% in October). 

The median sales price was up by 15.8% (was up by 49.8% in October) while the average sales price rose by 7% (was up by 43.5% in October) as compared to November of 2013.  Still very strong price gains, though not as much as the exceptional report from last month.

 The inventory of available townhouses and condos has increased by 3 units to 490 properties from last month which is 23.6% less inventory than was available in November of 2013.   This represents a 4.7 month supply of inventory (a 23.9% decrease from last year).  A sellers market for townhouses and condos in Martin County for November 2014.

November 2014 Monthly Market Detail Martin County Townhouses and Condos

 

 Click here to view or download the full report:  November 2014 Monthly Market Detail Martin County Townhouses and Condos

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 2014 Monthly Market Detail Martin County Townhouses and Condos

October 2014 Monthly Market Detail St Lucie County Townhouses and Condos

12.01.14 by

October 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The October 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed some renewed activity as compared to both the last few months and last year.  Closed sales were up by 9.9% (was up by 12.9% in September) while new sales under contract (new pending sales) decreased by 5.2% (was down by 18.4% in September). 

The median sales price was up by a whopping 44.3% (up 13.1% in September) and the average sales price increased by 13.3% (was up by 9.4% in September).  Like last year, it appears that sales prices are once again on the rise.

The inventory of available townhouses and condos increased by 32 units from last month to 664 units which is down by 23.9% from last October.  Current supply of inventory increased to 6.3 months from the 6.1 month supply in September and is 25.4% lower than last year.  The St. Lucie County townhouse and condo market is in a balanced market.  It was nice to see an increase in inventory for october after many months of decreases.

October 2014 Monthly Market Detail St Lucie County Townhouses and Condos

 

 Click here to view or download the full report:
October 2014 Monthly Market Detail St Lucie County Townhouses and Condos

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 2014 Monthly Market Detail St Lucie County Townhouses and Condos

October 2014 Monthly Market Detail Martin County Townhouses and Condos

11.29.14 by

October 2014 Monthly Market Detail Martin County Townhouses and Condos

October 2014 Monthly Market Detail Martin County Townhouses and Condos showed another month of strong gains.  Compared to the Florida state activity, Martin County is outperforming the average in activity and price  Year to year closed sales were up by 14% (was up by 22.2% in September) as well as new sales under contract (new pending sales) rose by 36.6% from October 2013 (was up by 44% in September). 

The median sales price jumped by 49.8% (was down by 1% in September) while the average sales price rose by 43.5% (was down by 0.4% in September) as compared to October of 2013.  We had some small decreases in September, but for October we are seeing some exceptional value increases.

 The inventory of available townhouses and condos has decreased by 27 units to 487 properties from last month which is also 20.8% less inventory than was available in October of 2013.   This represents a 4.7 month supply of inventory (a 20.5% decrease from last year).  A sellers market for townhouses and condos in Martin County for October 2014.

October 2014 Monthly Market Detail Martin County Townhouses and Condos

 

 Click here to view or download the full report:  October 2014 Monthly Market Detail Martin County Townhouses and Condos

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 2014 Monthly Market Detail Martin County Townhouses and Condos

September 2014 Monthly Market Detail St Lucie County Townhouses and Condos

10.28.14 by

September 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The September 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed renewed activity as compared to both the last few months and last year.  Closed sales were up by 12.9% (was down by 9.1% in August) while new sales under contract (new pending sales) decreased by 18.4% (was down by 0.8% in August). 

The median sales price was up by 13.1% (up 7.8% in August) and the average sales price increased by 9.4% (was down by 14.2% in August).  Like last year, it appears that sales prices are once again on the rise.

The inventory of available townhouses and condos decreased by 46 units from last month to 632 units which is down by 22.8% from last September.  Current supply of inventory decreased to 6.1 months from the 6.6 month supply in August and is 23.8% lower than last year.  The St. Lucie County townhouse and condo market is drifting back into a buyers market.  An increase in inventory would help this segment grow faster.

September 2014 Monthly Market Detail St Lucie County Townhouses and Condos

 

 Click here to view or download the full report:
September 2014 Monthly Market Detail St Lucie County Townhouses and Condos

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 2014 Monthly Market Detail St Lucie County Townhouses and Condos

September 2014 Monthly Market Detail Martin County Townhouses and Condos

10.26.14 by

September 2014 Monthly Market Detail Martin County Townhouses and Condos

September 2014 Monthly Market Detail Martin County Townhouses and Condos showed another month of strong gains.  Compared to the Florida state activity, Martin County is outperforming the average in activity and price  Year to year closed sales were up by 22.2% (was up by 11.8% in August) as well as new sales under contract (new pending sales) rose by 44% from September 2013 (was up by 31.3% in August). 

The median sales price decreased by 1% (was up by 2.3% in August) while the average sales price decreased by 0.4% (was up by 11.7% in August) as compared to September of 2013.  We had some good gains back in August, but for September we are back to steady to decreasing sales values.

 The inventory of available townhouses and condos has decreased by 1 unit to 514 properties from last month which is also 10.8% less inventory than was available in September of 2013.   This represents a 5 month supply of inventory (a 9.8% decrease from last year).  A sellers market for townhouses and condos in Martin County for September 2014.

September 2014 Monthly Market Detail Martin County Townhouses and Condos

 

 Click here to view or download the full report:  September 2014 Monthly Market Detail Martin County Townhouses and Condos

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 2014 Monthly Market Detail Martin County Townhouses and Condos

August 2014 Monthly Market Detail St Lucie County Townhouses and Condos

09.30.14 by

August 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The August 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed decreased activity as compared to last year for the past couple of months.  Closed sales were down by 9.1% (was down by 10.4% in July) while new sales under contract (new pending sales) decreased by 0.8% (was down by 3.4% in July). 

The median sales price was up by 7.8% (down 1.4% in July) and the average sales price decreased by 14.2% (was down by 2.4% in July).  Prices rose very rapidly last year and we are seeing some corrections to the market for the past few months.

The inventory of available townhouses and condos decreased by 42 units from last month to 678 units which is down by 18.5% from last August.  Current supply of inventory decreased to 6.6 months from the 6.9 month supply in July and is 17.5% lower than last year.  The St. Lucie County townhouse and condo market is drifting back into a buyers market.  An increase in inventory would help this segment grow faster.

St. Lucie County Townhouse and Condo August 2014

 

 Click here to view or download the full report:
August 2014 Monthly Market Detail St Lucie County Townhouses and Condos

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 2014 Monthly Market Detail St Lucie County Townhouses and Condos

August 2014 Monthly Market Detail Martin County Townhouses and Condos

09.27.14 by

August 2014 Monthly Market Detail Martin County Townhouses and Condos

August 2014 Monthly Market Detail Martin County Townhouses and Condos showed another month of strong gains.  Compared to the Florida state activity, Martin County is outperforming the average.  Year to year closed sales were up by 11.8% (was unchanged in July) as well as new sales under contract (new pending sales) rose by 31.3% from August 2013 (was unchanged in July). 

The median sales price increased by 2.3% (was down by 10.5% in July) while the average sales price increased by 11.7% (was down 7.4% in July) as compared to August of 2013.  Following two months of decreasing or steady prices, it appears that gains are once again present.

 The inventory of available townhouses and condos has decreased by 19 to 515 units from last month which is also 6.2% less inventory than was available in August of 2013.   The current supply of inventory is 5.1 months (a 6% decrease from last year).  A buyers market for townhouses and condos in Martin County with a continuing decrease of units for sale.

Martin County Townhouse and Condo August 2014

 

 Click here to view or download the full report:  August 2014 Monthly Market Detail Martin County Townhouses and Condos

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 2014 Monthly Market Detail Martin County Townhouses and Condos

July 2014 Monthly Market Detail St Lucie County Townhouses and Condos

08.29.14 by

July 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The July 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed decreased activity as compared to last year as well as the past two months.  Closed sales were down by 10.4% (was up by 15.5% in June) while new sales under contract (new pending sales) decreased by 11.9% (was up by 6% in June). 

The median sales price was down by 1.4% (down 4.6% in June) and the average sales price increased by 2.4% (was down by 1.8% in June).  This is now the fourth month of either decreasing values or just holding steady.  Prices rose very rapidly last year, this is most likely a small correction.

The inventory of available townhouses and condos decreased by 36 units from last month to 720 units which is down by 11.5% from last July.  Current supply of inventory decreased to 6.9 months from the 7.2 month supply in June and is 11.8% lower than last year.  The St. Lucie County townhouse and condo market appears to be in a balanced market for now.  An increase in inventory would help this segment grow faster.

July 2014 Monthly Market Detail St Lucie County Townhouses and Condos

 

 Click here to view or download the full report:
July 2014 Monthly Market Detail St Lucie County Townhouses and Condos

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 2014 Monthly Market Detail St Lucie County Townhouses and Condos

July 2014 Monthly Market Detail Martin County Townhouses and Condos

08.27.14 by

July 2014 Monthly Market Detail Martin County Townhouses and Condos

July 2014 Monthly Market Detail Martin County Townhouses and Condos was basically flat in terms of activity as compared to last year.  Year to year closed sales were unchanged (was up by 11.5% in June) as well as new sales under contract (new pending sales) also unchanged from July 2013 (was down 19.4% in June). 

The median sales price decreased by 10.5% (was up by 3.1% in June) while the average sales price decreased by 7.4% (was down 4.9% in June) as compared to July of 2013.  After nearly a year of pretty impressive price rises, values were off for the third month in a row indicating some weakness in this sector of the Martin County real estate market.

 The inventory of available townhouses and condos has decreased by 24 to 534 units from last month which is also 3.4% less inventory than was available in July of 2013.   The current supply of inventory is 5.3 months (a 3.4% decrease from last year).  While we are still in a seller’s market for condos and townhomes, the decreasing inventory as well as flat sales activity and value drops are of concern.

July 2014 Monthly Market Detail Martin County Townhouses and Condos

 

 Click here to view or download the full report:  July 2014 Monthly Market Detail Martin County Townhouses and Condos

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 2014 Monthly Market Detail Martin County Townhouses and Condos

June 2014 Monthly Market Detail St Lucie County Townhouses and Condos

07.30.14 by

June 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The June 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors has shown a second strong month after a somewhat difficult spring season.  Closed sales were up by 15.5% (was up by 24.6% in May) while new sales under contract (new pending sales) increased by 6% (was  down by 13.6% in May).  Nice to see both trends in a positive direction.

The median sales price was down by 4.6% (up 1.2% in May) and the average sales price decreased by 1.8% (was down by 1.3% in May).  This is now the third month of either decreasing values or just holding steady.  While many would like to see values continue to rise, buyers are hoping for the opposite.

The inventory of available townhouses and condos decreased by 59 units from last month to 756 units which is down by 7% from last June.  Current supply of inventory decreased to 7.2 months from the 7.8 month supply in May and is 9.2% lower than last year.  The St. Lucie County townhouse and condo market appears to be strengthening for now, though the reduction in inventory is troubling for future volume.June 2014 Monthly Market Detail St Lucie County Townhouses and Condos

 

 Click here to view or download the full report:
June 2014 Monthly Market Detail St Lucie County Townhouses and Condos

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 2014 Monthly Market Detail St Lucie County Townhouses and Condos

June 2014 Monthly Market Detail Martin County Townhouses and Condos

07.28.14 by

June 2014 Monthly Market Detail Martin County Townhouses and Condos

June 2014 Monthly Market Detail Martin County Townhouses and Condos showed strong market movement with a more moderate rate of price changes as compared to the recent past.  Year to year closed sales were up by 11.5% (was up by 0.8% in May) while new sales under contract (new pending sales) decreased by 19.4% from June 2013 (was down 20.8% in May).  The decrease in pending sales June be an indication of some future weakness in this market.

The median sales price increased by 3.1% (was down by 1.0% in May) while the average sales price decreased by 4.9% (was down 19.3% in May) as compared to June of 2013.  After nearly a year of pretty impressive price rises, values were off for the second month in a row.

 The inventory of available townhouses and condos has decreased by 7 to 558 units from last month which is also 1.8% less inventory than was available in June of 2013.  I continue to be surprised that inventory levels are still so low, considering that values have increased over 20% in the past year.  The current supply of inventory is 5.6 months (an 4% decrease from last year).  While still strong activity in this seller’s market, I’m a bit concerned over the decrease in both inventory and pending sales.

June 2014 Monthly Market Detail Martin County Townhouses and Condos

 

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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 2014 Monthly Market Detail Martin County Townhouses and Condos