December 2013 Monthly Market Detail St Lucie County Townhouses and Condos

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Real Estate Agent with the BlueWater Realty team specializing in 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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Rainmaker
927,200
Wayne Martin
Michael Saunders & Company - Sarasota, FL
Sales Manager - New Homes & Condominiums Division

Gabe, have affordable single family prices had people leaning in that direction over a townhome or condominium? Just asking! Enjoy your day!

Feb 03, 2014 03:59 AM #1
Rainmaker
597,749
Bobbie Smith
RE/MAX OF THE POCONOS - Stroudsburg, PA
Real Estate in the Poconos of PA 570-242-1891,

Gabe, Very interesting market report. It's surprising that this market area is down this much over last year.

Hope this trend does not continue.

Feb 03, 2014 04:05 AM #2
Rainmaker
1,961,037
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Gabe, You always provide good inforation about your real estate market.

Feb 03, 2014 04:17 AM #3
Rainmaker
306,814
Maria Gilda Racelis
Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington - Manchester, CT
"Your Goal, My Goal. We Can Make it Happen."

Good Morning Gabe: Hopefully, the spring will give this market a boost.

Feb 03, 2014 04:24 AM #4
Rainmaker
1,706,043
Dorie Dillard
Coldwell Banker United Realtors - Austin, TX
Realtor-Canyon Creek- NW, Austin TX Homes For Sale

Good morning Gabe,

It is interesting the number of sales are down for 4 months consecutively. Prices are rising but inventory continues to shrink. As you come into the spring months I guess you'll have more of a clue. Many must like where they are living and don't want to move:).

Feb 03, 2014 04:26 AM #5
Ambassador
1,766,467
Barbara-Jo Roberts Berberi & Corinna Birgit Cromartie
Charles Rutenberg Realty - Palm Harbor, FL
Palm Harbor & Dunedin FL Residential Real Estate

Once again great information on the market in St Lucie County, Gabe.

Feb 03, 2014 05:00 AM #6
Rainmaker
1,514,719
Lawrence "Larry" & Sheila Agranoff. Call 631-805-4400 (c)
Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

Wonder why this is happening in St Lucie County? With the average prices increasing, something has to give soon...

Feb 03, 2014 05:01 AM #7
Rainmaker
464,803
Bob Baesmann
DFW Team Realty - Frisco, TX
DFW Team Realty | 972-978-8800

Great information on your local market.

 

Thank you for sharing this important information about the Real Estate market in your area!

Feb 03, 2014 06:03 AM #8
Rainmaker
510,623
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicago-land and its Suburbs (800) 858-7917

Gabe with your fantastic St Lucie reports the word is due to spread. I hope the Spring market helps, it looks like the people love the area so much they are not budging

Feb 03, 2014 07:36 AM #9
Rainmaker
2,056,223
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

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.

Feb 03, 2014 09:11 AM #10
Ambassador
1,141,614
Debbie Reynolds
Prudential PenFed Realty, "The Real Debbie Reynolds" Your Clarksville Real Estate Professional, 931-920-6730 - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

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

Feb 03, 2014 09:12 AM #11
Rainmaker
1,239,356
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

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.

Feb 03, 2014 11:02 AM #12
Rainmaker
668,402
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

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

Feb 03, 2014 02:03 PM #13
Rainmaker
1,210,873
Evelyn Johnston
Elkhart County Subdivisions, LLC - Elkhart, IN
Super Agent, Probably the Best Agent in the Galaxy

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

Feb 04, 2014 06:58 PM #14
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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