Port St Lucie FL’s Decline in Foreclosures, Tightens Inventory and Increases Median Prices
If you aren’t seeing the decline while trying to find homes to show (which I am) perhaps the graphics below will outline the current market trend for Port St Lucie FL Foreclosure Inventory and increasing median prices. For local buyers this may mean fewer choices but still good opportunities.Let's not forget the low low interest rates that are out there and even the local lenders ready to lend. Seacoast National Bank being one of them along with Fidelity Funding.
The result of this decrease in foreclosure inventory is increased median pricing. What I am seeing is what you used to get for 80K was more a year ago. Then you could possibly find a 1800 sq ft CBS (Concrete Block which is in greatest demand in Port St Lucie FL). Now you can still find a CBS home in the Port St Lucie Real Estate Market but it may only be 1200-1400 sq ft living. However, with low interest rates now is still a great time to take advantage of these Port St Lucie Real Estate Deals. After all, when these homes are gone, prices may again rise with the again reduced inventory. Buy Now!!
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