St Lucie County Townhouses and Condos November 2016 Market Detail

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Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

St Lucie County Townhouses and Condos November 2016 Market Detail

The St Lucie County Townhouses and Condos Market Detail for November 2016 had weaker sales activity as compared to last November.  Closed sales were down by 12.8% from last year (was down 16.2% in October) while new pending sales decreased by 7.8% (was down by 33.3% in October).

Price changes were mixed for November with the median price up by 0.8% (was up by 11.9% in October) while the average sales price decreased by 11% (was up by 13.4% in October).  I’ve been expecting prices to moderate for some time as the inventory continues to increase and sales volume does not keep up.

The inventory of available townhouses and condos increased by 23 units from last month to 553 units, which is 4.3% greater than November 2015. The current supply of units is 5.7 months, which is 11.8% higher than the 5.1 months of inventory last year.  The St Lucie County townhouses and condos continues to be in a sellers market though it is getting closed to being balanced. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos November 2016 Market Detail

Click here to view or download the full report:
St Lucie County Townhouses and Condos November 2016 Market Detail

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.

St Lucie County Townhouses and Condos November 2016 Market Detail

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Florida St Lucie County
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City and State
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Advice for Sellers
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Tags:
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Rainmaker
1,419,577
Yolanda Cordova-Gilbert
Sitterle Homes - Richmond, TX
Sitterle Homes

Gabe,

 Good market report for 11/2016 for the St.Lucie Townhomes and Condos. Those look like pretty good prices! Have a good one!

Jan 16, 2017 05:18 PM #1
Rainmaker
4,656,015
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families considering a move to the area will certainly appreciate your local real estate market reports.

Jan 17, 2017 08:30 AM #2
Rainmaker
4,315,131
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

For more Market Reports visit my web site at: http://www.gabesanders.com/market-stats

Feb 17, 2017 01:04 PM #3
Rainmaker
4,315,131
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Please visit this link for additional Saint Lucie County real estate information.

Feb 17, 2017 01:04 PM #4
Rainmaker
4,315,131
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Your comments are always appreciated!

Feb 17, 2017 01:04 PM #5
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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