December 2013 Monthly Market Detail St Lucie County Townhouses and Condos

By
Real Estate Agent with Martin County Residential Homes, Condos and Land Sales 3090099

December 2013 Monthly Market Detail St Lucie County Townhouses and Condos

Unfortunatelythe December 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed another month of decreasing sales volume as compared to last year.  This is now four months in a row.  This is one of the most under performing sectors in the Treasure Coast and Florida in general for volume.   Year to year closed sales were down by 19.4% (was down by 17.5% in November) while new sales under contract (new pending sales) decreased by 29.1% (was  down by 5.4% in November

Though values were considerably higher this year with the median sales price up by 37.1% (up 40% in November) and the average sales price rose by 38.8% (was up by 31.4% in November).

December 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The inventory of available townhouses and condos decreased from last month to 841 units which is a decrease of 11.1% from last December.  Current supply of inventory remained unchanged from last month to 8.8 months (still an 8.3% decrease from last year).   Unfortunatelythe low inventory along with the rapid increase in values is hurting the volume of condo and townhouse sales in St. Lucie County.  Onceinventory starts to rise, I expect the volume to pick up as well.

 Click here to view or download the full report:
December 2013 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 2013 Monthly Market Detail St Lucie County Townhouses and Condos

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Topic:
Real Estate Market Trends
Location:
Florida St Lucie County
Groups:
Advice for Buyers
Market Reports
City & State: Listings and Market Reports
Advice for Sellers
All Things Florida
Tags:
townhouses
saint lucie
market update
florida real estate
condos

Comments 14 New Comment

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Rainmaker
1,763,749
Roy Kelley
Retired Real Estate Broker, Maryland Blogger

Home buyers that deferred their purchases may be shocked by the price increases. On the other hand, retirees will be happy to find a good selection of properties at affordable prices.

February 03, 2014 09:11 AM
Ambassador
868,818
Debbie Reynolds
Your Dedicated Clarksville TN Real Estate Agent
Prudential PenFed Realty, "The Real Debbie Reynolds" Your Clarksville Real Estate Professional, 931-920-6730

Rising prices...2014 will likely be more of the same. Sellers, it is a good time to sell and buy a new home.

February 03, 2014 09:12 AM
Rainmaker
1,149,675
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Put 40 years of experience to work for you
Lyon Real Estate

Sales might be slipping a bit in St. Lucie due to the price increases and buyers watching their purchasing power dwindle. I see the same thing in Sacramento. Not only do we have less inventory, but we have fewer buyers too. I think it will take buyers a while to wrap their heads around what happened.

February 03, 2014 11:02 AM
Rainmaker
592,882
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com
Tahoe Real Estate Agent Helping Buyers and Sellers
Coldwell Banker, Tahoe City, CA (530) 414-1260

Gabe - You do a great job in keeping everyone informed on the Saint Lucie County real estate data and market trends!

February 03, 2014 02:03 PM
Rainmaker
998,493
Evelyn Johnston
Super Agent, Probably the Best Agent in the Galaxy
Elkhart County Subdivisions, LLC

Sounds like there are some good deals left for those who didn't buy in the last few years.

February 04, 2014 06:58 PM
Anonymous
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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Additional Information


Professional real estate services for Martin and Saint Lucie County, Florida. Expert service for the towns of Sewalls Point, Jensen Beach, Palm City, Hutchinson Island, Hobe Sound and Port St. Lucie, Floria. For more information visit my web site at GabeSanders.com

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