Market Report for Home Prices in Port St Lucie West FL 34986 for July 2016
Real estate market data for Port St Lucie, FL provided by Florida Tolbert Team of Keller Williams Realty of Port St Lucie.
Market Report for Home Prices in Port St Lucie West FL 34986 Home Prices
When you look at this chart above, you will see our median home sale price continues to rise at an incredible level and while for sellers, this appears to be great news, no growth of this caliber will continue indefinitely. You will also notice the median list price has leveled in it's growth and this is further proof that the economy is starting to feel the ceiling is close and they don't want to keep challenging.
We have seen 55 straight months of listing price increases on home prices in Port St Lucie West 34986 and according to the Federal Reserve, interest rates are expected to rise in this last quarter of 2016. When you factor in many factors of the housing economic picture, one conclusion is becoming very clear... A SHIFT in the real estate market is inevitable as no market can continue this pace of rise without hitting a ceiling. The only question is when.
If you are considering buying a home you can still find deals on a house in Port St Lucie but having a great real estate consultant who understands the market is a must! Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price as some are even exceeding asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Port St Lucie home on which you are making an offer.
Market Inventory Trends
The number of active listings in Port Saint Lucie (34986) dropped by0.6% from the previous month.
The median number of days active properties have been listed is 78.
The number of sales in July dropped by 76.1% from the previous month.
This is more evidence the buyers are unwilling to continue to purchase if these prices continue to rise.
Additional Statistics for Single Family Homes and Condos in Port Saint Lucie West, FL 34986
(foreclosures and short sales)
Port St Lucie Real Estate Report Summary
The median list price in July for single family homes in Port St Lucie West 34986 is $263,650. The list prices increased by 4.8% from the previous month.
The price per square foot for listings in this area is $114.
The median sale price in July for single family homes is $221,000. The sale prices rose by 13% from the previous month.
The price per square foot for sales in this area is $104.
Find Homes for Sale in Port St Lucie FL.
Visit my website to search for homes in Port St Lucie or to be notified when Port St Lucie homes come on the market.
To find out what you home is worth in the current market email me or call 772-672-8288.
We sincerely hope you can now see the difference in a Real Estate agent and a Real Estate Economist of Choice who lives, breathes, and understands this market we choose to work full time at and it is our sincere wish that you find great value in the information provided and should you have any questions or wish to sell your home for record setting prices or purchase a home with the best negotiator on your side, you will call Port St Lucie's most informed real estate professional, The Florida Tolbert Team at Keller Williams Realty of Port St Lucie.
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