The November 2014 Monthly Market Summary for single family homes in St. Lucie County were released this week.
Closed sales of single family homes in St. Lucie County were up 12.7% over last year when 393 homes sold as compared to 443 in November 2014. Cash sales of single family homes are also up over last year by 5.8%.
New listings continue to lag down 16.6% over last year where 674 homes were on the market. This year only 562 homes were listed in November 2014. There are 1,794 active listings in St. Lucie County down 17.4% from last year when 2,171 homes were on the market. It's also worth noting traditional home sales are up 40.7% while foreclosure/REO sales are down 9.8% and short sales are down 44.6%.
In this tight inventory the median sale price has continued to rise. The November 2014 report says the median sale price in St. Lucie County is $139,900 up 11.9% over November 2013 when the median sale price was $125,000. When broken down by sale type, the median sale price of traditional single family home in St. Lucie County is $146,500 as compared to last year at $135,000, up 8.5%. Foreclosure/REO median sales price have also increased 16.1% from $112,000 last year to $130,000 this year. Short sale median sales price have increased 6.6% to $114,000 from $106,950.
Median days on the market remained steady experiencing an increase of 2.2% over last year. The November 2014 Monthly Market Summary for single family homes in St. Lucie County reports the median days on the market in November 2014 at 47. It was 46 in November 2013.
As of November 2014 we have a 3.7 month supply down 26.1% from November 2013 when we 5.1 month supply.
If you are thinking about selling, call the Keller Williams Realty Port St. Lucie Research Coast Realty team of Odaly Victorio at 772.237.1655 or Marisela Fernandez at 772.237.1718. We'll get it SOLD!
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