What Role are Condominium Sales Playing in Your Market?

Real Estate Agent with Florida Supreme Realty SL514814

A question here in the Q & A from a few days ago inspired me to look a bit closer at the relationship of condominium sales and single family home sales. The SFH segment is like the big brother of our market although the little brother is consistently in step at nearly every point throughout the year. When you see the word condominium, that refers to essentially any property where that type of association plays a part. A homeowners association may or may not be incorporated into the single home field shown here. I haven't worked out any of the exact percentages although it's plain to see their contribution to our activity. It doesn't get much more consistent than this!

The information above is extracted from the three municipalities mentioned above and within or straddling both Martin and Palm Beach counties.    

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Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Kevin J. May  it looks like your condo market is a strong one....we have a very healthy Active Adult Community condo market and I'm pushing for our builders to build more of them....

Aug 10, 2016 11:18 PM #1
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I'll have to check mine out Kevin J. May as you have peaked my interest. I know condos are popular here with our aging population BUT one negative factor is that they seem to be taxed higher in Minot ND.

Aug 11, 2016 10:58 PM #2
Robert Vegas Bob Swetz
Las Vegas, NV

Hello Kevin and sales of condos and single family homes are both selling very well in the Las Vegas Valley, and I like your graph.

Aug 19, 2016 10:39 AM #3
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Condo sales have really stepped up in the past two years. I just sold one this weekend and it had only been on the market 2 weeks. 

Aug 21, 2016 11:51 PM #4
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Interesting results, Kevin.  I will need to check this out for Martin County as I think our results may just be slightly different.

Aug 28, 2016 09:36 PM #5
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

I am going to take a look at my MLS and see how we are doing.  Awesome graph!

Sep 08, 2016 01:00 PM #6
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Kevin J. May

Serving the Treasure & Paradise Coasts of Florida
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