Florida Townhouses and Condos November 2016 Market Detail

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Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

Florida Townhouses and Condos November 2016 Market Detail

The Florida Townhouses and Condos Market Detail for November 2016 showed gains for the month as compared to both the previous year and the previous month.   Closed sales were up by 4.1% as compared to last months decrease of 12.3% and new sales under contract (new pending sales) increased by 2.3% (In October there was a 14.5% decrease).

Values, also, continued to increase though at a more moderate pace.  Median sales prices were up by 8% (was up by 8.1% in October), while the average sales price increased by 4.5% (was up 0.5% in October).  As sales activity decreases and if inventory continues to increase, I expect these prices to continue to moderate, though they are staying pretty resilient at this time.

The inventory increased by 13% from November of last year.  For October 2016 we have 6.1 months of inventory (was  5.9 months in October) and compared to 5.4 for November 2015.  We are now in a balanced market for Florida townhouse and condo sales. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos November 2016 Market Detail

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos November 2016 Market Detail

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.

Florida Townhouses and Condos November 2016 Market Detail

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Topic:
Real Estate Market Trends
Location:
Florida
Groups:
All Things Florida
City and State
Market Reports
Advice for Sellers
Advice for Buyers
Tags:
condos
market report
townhouses
florida

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Rainmaker
992,809
Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

super th and condo report to showcase for the local area buyers and sellers!

Jan 09, 2017 03:06 PM #1
Ambassador
3,230,260
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Gabe-your market reports are always so easy to read, and this is important information for sellers and buyers alike.

Jan 09, 2017 06:27 PM #2
Rainmaker
3,231,926
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Gable

The Florida Realtors townhome and condo showed an active real estate market in November 2016.

Good luck and success.

Lou Ludwig

Jan 09, 2017 06:42 PM #3
Ambassador
2,182,720
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Hi, Gabe. It's nice to see your condo and townhome sales are up. We don't have a condo or townhome market to speak of in my area. There are so very few of them that have been built. 

Jan 09, 2017 10:08 PM #4
Rainmaker
2,826,969
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Hi Gabe -- as a reference point, it's interesting to see the bigger picture in real estate.   Of course for those looking to make a move in Martin County, Florida - they will benefit from your vast local knowledge.

Jan 09, 2017 10:27 PM #5
Rainmaker
4,499,486
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Home sellers and home buyers will be in very good hands when they use your professional real estate services.

Jan 10, 2017 05:16 PM #6
Rainmaker
4,146,532
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

For more Market Reports visit my web site at: http://www.gabesanders.com/market-stats

Feb 08, 2017 11:55 AM #7
Rainmaker
4,146,532
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Your comments are always appreciated!

Feb 08, 2017 11:55 AM #8
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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