Home Prices in Saint Lucie County Florida for 1st Quarter 2016
Real estate market data for Saint Lucie County FL provided by Kevin B Tolbert PA of FL Tolbert Team, Keller Williams Realty of Port St Lucie FL.
Saint Lucie County FL Home Prices
We have seen 6.25 straight years of listing price increases on Single Family Home Prices in Port St Lucie FL and based on latest data, it appears prices have hit their peak. If you are considering selling a home in Port St Lucie FL and waiting for the highest prices to recover, it appears that time has arrived and having an informed real estate professional who understands the market is a must. Don’t wait on the sidelines for too long as you will see by the attached graphics, our market is already showing indications of yet another market shift just like in 2006. With our listings starting to sit longer on the market, more inventory now available, and record numbers of new listings with lower numbers of pendings and sales, all indicators point to the inevitable need to lower prices in order to sell more homes. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you get top dollar for your home before prices start to fall for the next few years, you'll want to have an agent that does a thorough market analysis of the Port St Lucie FL market you are selling within.
If you are interested in how much current single family home inventory is on the market in Port St Lucie FL you can find that information by clicking on the link. Higher inventory will suggest that homes are sitting on the market for longer. Currently in this area of Port St Lucie FL, homes have a median time of 75 days on the market before they sell. This would suggest that buyers are in a great position to make an aggresive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Port St Lucie has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.
Port Saint Lucie FL Real Estate Report Summary
The median Sale price in March for single family homes in Saint Lucie County FL is $179,000. The sale prices increased by 8.5% from the previous month.
The median sale price in February for single family homes is $165,000. The sale prices dropped by 3.9% from the previous month.
Find Homes for Sale in Port Saint Lucie FL
Visit my website to search for homes in Port Saint Lucie FL or to be notified when Port St Lucie FL homes come on the market.
To find out what your Port St Lucie home is worth in the current market email me or call 772-672-8288.
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