The urgency is clear and I'm hearing it from all angles - local buyers want to find something FAST before their $8000 tax credit runs out and our neighbors to the north feel that the deals are going to start drying up.
For example, in the past two weeks I have worked with a buyer who is desperate to find a good home and get it closed before he misses the free government money. We've successfully found him something and we're on our way towards closing!
On the other side of the coin I've been getting lots of calls from buyers in NY, NJ, and CT that are consistently stating that they feel that the good deals in South Florida are going to start drying up and they need to act fast. Most of the people that are buying from the North are looking for condos or smaller homes that they can retire to in the near future. Although, recently I've worked with a lovely young family who want to relocate from Connecticut to Tradition or St Lucie West so the mother can work at one of the local schools.
This home-buying frenzy has really impacted my perspective about our economic hardships. When I'm out in the public I somtimes am taken aback by the doom and gloom because all day I'm surrounded by people who are wanting to make a deal happen and find their dream home or retirement home. I think I would consider myself lucky that I am able to make these opportunities available and the constant urgency is what keeps me upbeat about our "down" economy.
I can say that I love to bring smiles to faces when people ask "how's the market" because I always tell them what they didn't expect to hear - that we're doing fantastic and properties are flying off the market.
Current Active Inventory: 2045
Total Number of Single Family Homes Sold for July: 401
Which can be further broken down into
Short Sales: 88
Total Sales including Condos, Manufactured Homes, Duplex, Townhouses: 430
Median Sales Price: $105,010
Median Days on Market: 73
Median Days on Market for Short Sales: 185
All real estate is localized, meaning that the numbers for Port St Lucie as a whole don't necessarily translate the same into individual neighborhoods. Up in the Torino area new listings may fly off the market within days whereas other areas may not go so quickly.
If you're looking to buy or sell a property within a particular neighborhood or region I can tell you what's going on in your geo-area and what to anticipate. Start a conversation here.
* Single Family Homes does not include duplex, townhouse, condo, manufactured home, or commercial.
The accuracy and authenticity of this information is not guaranteed.
Source: Regional MLS, Inc.
This report does not include sales sold "By Owner" or those transfered by other means; the report only contains properties within the Regional MLS.
08/15/2009 - Date that "active" inventory was pulled.
Prepared by Sarah Taylor of Re/Max Masterpiece Realty