St. Lucie County Market Update!

St. Lucie County’s pace has slowed this summer, largely as the summer months are slower in the Treasure Coast. Townhome and condo sales are the same as last year, and single family home sales are down slightly, however throughout this spring it is important to note that the homes have been selling at a very rapid rate. Sale prices for single family homes are up nearly 20% and condo prices are up 17.5%. Inventory is also down by over twenty percent for both single family homes and condos. This incredible reduction of inventory and increase in value of homes and no time on the market really is an indicator that there are so few homes on the market and they are fetching the highest prices.

The supply for homes is under 4 months and for condos is at 5.5 months. These are evidence of very high demand and simply not enough homes on the market. If you are looking to sell your home in St. Lucie County, there is no better time. Between, first time home buyers, boomarang buyers coming back from the recession, and international buyers, all are taking advantage of the increased low mortgage rates. Contact a member of Luxury Partners today if you are looking to buy or sell in St. Lucie County.