St Lucie County Townhouses and Condos September 2017 Market Report
The St Lucie County Townhouses and Condos Market Report for September 2017 showed weaker activity from last year. This decrease can most likely be attributed to Hurricane Irma which shut things down for a couple of weeks in September. Closed sales were down by 14.7% from last year (was down by 7.3% in August) while new pending sales were down by 19.1% for September (was up by 15.8% in August).
Values were mixed with the median price unchanged from last year (was up by 17.2% in August) while the average sales price increased by 6.1% (was up by 7.7% in August). Continuing a fairly steady rise in values.
The inventory of available townhouses and condos decreased by 7 unit from last month to 434 units, which is 14.4% less than September 2016. The current supply is 4.5 months, which is 11.8% less than the 5.1 months of inventory last year. The St Lucie County townhouses and condos market continues to be a seller’s market. Typically a 6 to 7 month inventory is considered a balanced market showing no advantage to either buyers or sellers.
Click here to view or download the full report:
St Lucie County Townhouses and Condos September 2017 Market Report
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.
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