Martin County 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

Martin County Townhouses and Condos November 2016 Market Detail

Martin County Townhouses and Condos Market Detail for November 2016 had an increase of sales while future (pending sales0 are showing some weakness.  Closed sales were up for the month by 8.5% (was down by 46.9% in October) while new sales under contract (new pending sales) were down by 15.8% from November 2015 (decreased by 23.7% in October).

Prices were mostly flat or down for November as the median sales price increased by 1.8% (was down by 1.7% in October) while the average sales price decreased by 18.1% (was down by 14.7% in October) as compared to November of 2015.  Not totally unexpected with the rapid rise of prices for the past three years as there may be a small correction taking place.  Though this market is till active.

The inventory of available townhouses and condos increased by 21 units to 426 properties as compared to last month.  This is 14.5% greater than the November 2015 inventory.  Currently, there’s a 4.5 month supply of inventory (a 21.6% increase from last year which was 3.7 months).  Still a sellers market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos November 2016 Market Detail

Click here to view or download the full report:
Martin County 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.

Martin County Townhouses and Condos November 2016 Market Detail

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Topic:
Real Estate Market Trends
Location:
Florida Martin County
Groups:
All Things Florida
City and State
Market Reports
Advice for Sellers
Advice for Buyers
Tags:
condos
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townhouses
martin county

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Ambassador
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Hi, Gabe. This is excellent real estate information on condos and townhomes in Martin County, FL. This is everything buyers and sellers need to know. 

Jan 12, 2017 02:11 PM #1
Rainmaker
602,279
Nick & Trudy Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtors, Philly Main Line

Whilst your inventory is rising it still is on the seller side of the equation. Buyers can see a well presented market report that is understandable and realize their need to use an agent educated on the market who can advise them.

Jan 12, 2017 02:20 PM #2
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Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Hi Gabe

Nicely done market report that presents some useful information on what seems to be a shifting market, with important things buyers, and sellers, should know. Anyone wanting to buy or sell in the Martin County area would be wise to get in touch with you!

Jeff

Jan 12, 2017 02:52 PM #3
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Gabe this is valuable information for Buyers and Sellers in your area.  Let's hope for a better 2017.

Jan 12, 2017 03:08 PM #4
Rainmaker
1,348,042
Yolanda Cordova-Gilbert
Sitterle Homes - Richmond, TX
Sitterle Homes

Gabe,

 Another good market report for the Martin Townhome and Condos. I hope you have a wonderful evening!

Jan 12, 2017 03:28 PM #5
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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

another wonderful market report on martin-county-townhouses-and-condos Gabe Sanders  thanks for the info

Jan 12, 2017 04:58 PM #6
Rainmaker
1,257,667
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Gabe, great information on Martin County Townhouses and Condos. Your knowledge shines and your expertise is exactly what buyers and sellers need in their next agent.

Jan 12, 2017 05:34 PM #7
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Hi Gabe, This is valuable information to buyers and sellers. You are a tremendous resource to your clients.

Jan 12, 2017 07:45 PM #8
Rainmaker
4,395,549
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families on the move will certainly appreciate your local real estate market reports.

Jan 13, 2017 03:26 AM #9
Rainmaker
4,045,357
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 13, 2017 08:01 AM #10
Rainmaker
4,045,357
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for reading, here’s a link for more information about Martin County FL real estate.

Feb 13, 2017 08:01 AM #11
Rainmaker
4,045,357
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 13, 2017 08:01 AM #12
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