Sawgrass Villas Real Estate Market Report October 2022

10.13.22 by

Sawgrass Villas Real Estate Market Report October 2022

For October 2022, there are no townhomes available for sale in the Sawgrass Villas community of Palm City Florida.

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

In the past 12 months, only 1 Sawgrass Villas home has sold.  The sales price was $425,000 which works out to $204.62 per sq. ft. of living area.  This home sold for 100% of the list price. And, it was on the market for 8 days before going under contract.

Click here for the previous Sawgrass Villas market report!

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 Real Estate Market Report October 2022

St Lucie County Townhouses and Condos August 2022 Market Report

09.28.22 by

St Lucie County Townhouses and Condos August 2022 Market Report

The St Lucie County Townhouses and Condos market had weaker sales activity when compared to last August. While the historically low inventory is slowly improving (though still low), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. Closed sales were down by 28.3% from last year (were down by 34.1% in July). New pending sales were down by 28.1% for July (they were down by 14.2% last month).

Prices are still rising. The median price increased by 27.9% from last year (was up by 20.4% in July) and the average sales price increased by 22.3% (was up by 11.0% in July).

The inventory of available townhouses and condos decreased by 4 units from last month to 228 residences. This is 31.0% greater inventory than we had in August 2021. The current inventory supply is 2.1 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 August 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 August 2022 Market Report

Martin County Townhouses and Condos August 2022 Market Report

09.26.22 by

Martin County Townhouses and Condos August 2022 Market Report

The Martin County Townhouses and Condos had weaker sales volume when compared to last August. While the historically low inventory is slowly improving (though still low), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. Closed sales for the month were down by 15.1%.  They were down by 29.1% in July.  New sales under contract (new pending sales) were down by 8.0% from last year.  They were down by 6.1% in July.

Prices continue to go up.  The median sales price increased by 47.6% (was up by 35.8% last month). While the average sales price increased by 23.1% (was up by 12.2% in July).

The inventory of available townhouses and condos increased by 13 units to 211 properties.  This is a 56.3% greater supply of inventory than we had in August 2021.  Currently, there’s a 2.1 months supply of inventory (compared to 1.1 months for August 2021).  We remain in a very extreme 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 August 2022 Market Report
Click here to download the full 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 August 2022 Market Report

St Lucie County Townhouses and Condos July 2022 Market Report

08.26.22 by

St Lucie County Townhouses and Condos July 2022 Market Report

The St Lucie County Townhouses and Condos market had weaker sales activity when compared to last July. While we continue to have historically low inventory (though it is increasing), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. Closed sales were down by 34.1% from last year (were down by 38.8% in June). New pending sales were down by 14.2% for June (they were down by 36.4% last month).

Prices are still rising. The median price increased by 20.4% from last year (was up by 44.8% in June) and the average sales price increased by 11.0% (was up by 28.9% in June).

The inventory of available townhouses and condos increased by 31 units from last month to 232 residences. This is 68.1% greater inventory than we had in July 2021. The current inventory supply is 2.1 months, as compared to 0.9 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 July 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 July 2022 Market Report

Martin County Townhouses and Condos July 2022 Market Report

08.24.22 by

Martin County Townhouses and Condos July 2022 Market Report

The Martin County Townhouses and Condos had weaker sales volume when compared to last July. While we continue to have historically low inventory (though it is increasing), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. Closed sales for the month were down by 29.1%.  They were down by 26.1% in June.  New sales under contract (new pending sales) were down by 6.1% from last year.  They were down by 35.4% in June.

Prices continue to go up.  The median sales price increased by 35.8% (was up by 48.4% last month). While the average sales price increased by 12.2% (was up by 40.7% in June).

The inventory of available townhouses and condos increased by 11 units to 198 properties.  This is a 51.1% greater supply of inventory than we had in July 2021.  Currently, there’s a 2.0 months supply of inventory (compared to 1.1 months for July 2021).  We remain in a very extreme 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 July 2022 Market Report
Click here to download the full 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 July 2022 Market Report

St Lucie County Townhouses and Condos June 2022 Market Report

07.27.22 by

St Lucie County Townhouses and Condos June 2022 Market Report

The St Lucie County Townhouses and Condos market had weaker sales activity when compared to last June. While we continue to have historically low inventory (though it is increasing), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. (Don’t ask me how long!) Closed sales were down by 38.8% from last year (were down by 34.7% in May). New pending sales were down by 36.4% for May (they were down by 29.5% last month).

Prices are still rising. The median price increased by 44.8% from last year (was up by 18.4% in May) and the average sales price increased by 28.9% (was up by 24.1% in May).

The inventory of available townhouses and condos increased by 38 units from last month to 201 residences. This is 24.8% greater inventory than we had in June 2021. The current inventory supply is 1.8 months, as compared to 1.1 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 June 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

Martin County Townhouses and Condos June 2022 Market Report

07.25.22 by

Martin County Townhouses and Condos June 2022 Market Report

The Martin County Townhouses and Condos had weaker sales volume when compared to last June. While we continue to have historically low inventory (though it is increasing), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. (Don’t ask me how long!) Closed sales for the month were down by 26.1%.  They were down by 19.9% in May.  New sales under contract (new pending sales) were down by 35.4% from last year.  They were down by 27.6% in May.

Prices continue to go up.  The median sales price increased by 48.4% (was up by 27.4% last month). While the average sales price increased by 40.7% (was up by 34.6% in May).

The inventory of available townhouses and condos increased by 49 units to 187 properties.  This is a 46.1% greater supply of inventory than we had in June 2021.  Currently, there’s a 1.8 months supply of inventory (compared to 1.1 months for June 2021).  We remain in a very extreme 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 June 2022 Market Report
Click here to download the full 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 June 2022 Market Report

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

Martin County Townhouses and Condos May 2022 Market Report

06.24.22 by

Martin County Townhouses and Condos May 2022 Market Report

The Martin County Townhouses and Condos had weaker sales volume when compared to last May. Due mostly because we continue to be in a market with low inventory (which may be changing) and increasing borrowing costs. Closed sales for the month were down by 19.9%.  They were down by 24.8% in April.  New sales under contract (new pending sales) were down by 27.6% from last year.  They were down by 26.3% in April.

Prices continue to go up.  The median sales price increased by 27.4% (was up by 22.9% last month). While the average sales price increased by 34.6% (was up by 0.1% in April).

The inventory of available townhouses and condos increased by 21 units to 138 properties.  This is a 6.2% greater supply of inventory than we had in May 2021.  Currently, there’s a 1.3 months supply of inventory (compared to 1.1 months for May 2022).  We remain in a very extreme 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 May 2022 Market Report
Click here to download the full 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 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

Martin County Townhouses and Condos April 2022 Market Report

05.22.22 by

Martin County Townhouses and Condos April 2022 Market Report

The Martin County Townhouses and Condos had weaker sales volume when compared to last April. Due mostly because we continue to be in a market with unprecedented low inventory and increasing borrowing costs. Closed sales for the month were down by 24.8%.  They were down by 27.6% in March.  New sales under contract (new pending sales) were down by 26.3% from last year.  They were down by 20.7% in March.

Prices, however, continued to rise for April.  The median sales price increased by 22.9% (was up by 23.9% last month). While the average sales price increased by 0.1% (was up by 8.5% in March).

The inventory of available townhouses and condos remained steady at 117 properties.  This is a 32.4% smaller supply of inventory than we had in April 2021.  Currently, there’s a 1.1 months supply of inventory (compared to 1.6 months for April 2022).  We remain in a very extreme 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 April 2022 Market Report
Click here to download the full 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 April 2022 Market Report

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

Martin County Townhouses and Condos March 2022 Market Report

04.23.22 by

Martin County Townhouses and Condos March 2022 Market Report

The Martin County Townhouses and Condos had weaker sales volume when compared to last March. This is quite surprising considering the extremely low inventory of available homes. Closed sales for the month were down by 27.6%.  They were down by 10.7% in February.  New sales under contract (new pending sales) were down by 20.7% from last year.  They were down by 25.0% in February.

Prices, however, continued to rise for March.  The median sales price increased by 23.9% (was up by 28.3% last month). While the average sales price increased by 8.5% (was up by 40.9% in February).

The inventory of available townhouses and condos increased by 10 units to 117 properties.  This is a 44.5% smaller supply of inventory than we had in March 2021.  Currently, there’s a 1.0 months supply of inventory (compared to 2.0 months for March 2022).  We remain in a very extreme 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 March 2022 Market Report
Click here to download the full 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 March 2022 Market Report

Sawgrass Villas Palm City April 2022 Market Report

04.16.22 by

Sawgrass Villas Palm City April 2022 Market Report

For April 2022, 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, 2 Sawgrass Villas homes have sold.  Sales prices were $269,500 and $289,000.  This equals an average sales price of $279,250 which works out to $172.38 per sq. ft. of living area.  These homes sold for an average of 98% of the list price and averaged 67 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 April 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

Martin County Townhouses and Condos February 2022 Market Report

03.21.22 by

Martin County Townhouses and Condos February 2022 Market Report

The Martin County Townhouses and Condos had weaker sales volume when compared to last February. This is quite surprising considering the extremely low inventory of available homes. Closed sales for the month were down by 10.7%.  They were up by 23.6% in January.  New sales under contract (new pending sales) were down by 25.0% from last year.  They were down by 28.7% in January.

Prices continued to rise for February.  The median sales price increased by 28.3% (was up by 18.5% last month). While the average sales price increased by 40.9% (was up by 27.4% in January).

The inventory of available townhouses and condos increased by 14 units to 107 properties.  This is a 57.5% smaller supply of inventory than we had in February 2021.  Currently, there’s a 0.9 months supply of inventory (compared to 2.5 months for February 2022).  We remain in a very extreme 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 January 2022 Market Report
Click here to download the full 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 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

Martin County Townhouses and Condos January 2022 Market Report

02.24.22 by

Martin County Townhouses and Condos January 2022 Market Report

The Martin County Townhouses and Condos had stronger sales volume compared to last January. This is quite surprising considering the extremely low inventory of available homes. Closed sales for the month were up by 23.6%.  They were down by 1.7% in December.  New sales under contract (new pending sales) were down by 28.7% from last year.  They were up by 1.1% in December.

Prices continued to rise for January.  The median sales price increased by 18.5% (was up by 28.0% last month). While the average sales price increased by 27.4% (was up by 14.1% in December).

The inventory of available townhouses and condos decreased by 50 units to 93 properties.  This is a 66.3% smaller supply of inventory than we had in January 2021.  Currently, there’s a 0.8 months supply of inventory (compared to 2.7 months for January 2022).  We remain in a very extreme 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 January 2022 Market Report
Click here to download the full 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 January 2022 Market Report

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

Martin County Townhouses and Condos December 2021 Market Report

01.24.22 by

Martin County Townhouses and Condos December 2021 Market Report

The Martin County Townhouses and Condos had slightly weaker sales volume compared to last December. Mostly because of the low inventory of available homes. Closed sales for the month were down by 1.7%.  They were down by 29.6% in November.  New sales under contract (new pending sales) were up by 1.1% from last year.  They were down by 11.9% in November.

Prices also continued to rise for December.  The median sales price increased by 28.0% (was up by 4.3% last month). While the average sales price increased by 14.1% (was up by 38.5% in November).

The inventory of available townhouses and condos decreased by 8 units to 143 properties.  This is a 73.4% smaller supply of inventory than we had in December 2020.  Currently, there’s a 0.7 months supply of inventory (compared to 2.9 months for December 2020).  We remain in a very extreme 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 December 2021 Market Report
Click here to download the full 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 December 2021 Market Report