2017 Martin County 3rd Quarter Real Estate Market Report

2017 Martin County 3rd Quarter Real Estate

MARKET

REPORT

Offered at $299,000 3064 SE Quanset Circle, Stuart, Florida 34997

Tabathia Campbell-Flick Broker Associate

772-528-2492

tabathia@movewithalittletlc.com

Martin County 3rd Quarter Comparison 2017 to 2016

SALES REMAIN HEALTHY WITH SOME PRICE STABILIZATION

Reports Coldwell Banker Paradise in 3rd Quarter Martin County Housing Market Report With the US job market on a historic streak of over 80 months consecutive job growth, it is a good time to be buying or selling homes. As has been the case in recent years, interest rates are likely to remain low in the near future, with only gradual increases to come down the road.

The robust growth in the job market is making itself evident in the local Martin County Housing market, with the number of sales at a moderate pace, up 6.2%. Sellers are feeling confident in the equity they have recovered, with the number of new listings increasing 10.5% over last year, reports Coldwell Banker Paradise in their latest 3rd Quarter Housing Report for Martin County.

seeing in some markets. That, in combination with buyer resistance and financing are all holding prices stable. “To keep buyer interest high, sellers will need to work with an experienced agent who can respond quickly to reflect changes in the market,” stated Co-Owner and Broker Linda Schlitt Gonzalez. Well-priced, well-placed homes will attract the right buyers. “Buyer enthusiasm and response will set the market in the months to come,” added Gonzalez.

The largest full service real estate company on the Space and Treasure Coast, Coldwell Banker Paradise prides itself on its up to date and thorough market statistics. “It’s vital for our customers to keep a pulse on what is happening in the market, our agents are the best trained and most informed to help them make critical decisions at the right time,” stated Linda Schlitt Gonzalez.

Pricing is key, however, with a buyers having a healthy choice of homes on the market, and significant differences showing between the median sales price and list price.

The overall stability in prices is evidence of buyer With eleven offices from Stuart to Satellite Beach, Coldwell resistance and financing limits on rapid price increases.

Banker Paradise prides itself on providing the best market analysis available to home buyers and sellers through its Although the economy is enjoying robust growth, in Quarterly Market Reports and its knowledgeable agents. To some cases wages have not kept pace. A factor that find out what your home may be worth in this rapidly moving is likely contributing to the price stabilization we are market, call Tabathia Campbell Flick directly at 72-528-2492.

Martin County 3rd Quarter Comparison 2017 to 2016 YTD 2017

YTD 2016

Y/Y%

# of New Listings

3911

3501

+10.5%

# of Sales

2711

2572

+6.2%

Months of Inventory

11

10

+10%

Median Sales Price

$277,797

$262,066

+6.7%

Median List Price

$330,133

$299,093

+10%

Average Days to Sell

79

79

0%

TABATHIA’S RECENT SOLDS

$308,000 4590 NW Indian Oak Court Jensen Beach, FL 34957

$209,400 4140 SW Egret Pond Terrace Palm City, FL 34990

$225,000 3256 NE Holly Creek Dr., Jensen Beach, FL 32957

$205,000 1664 SW Harbour Isles Cir. 92 Port St. Lucie, FL 34986

$222,000 2057 SW Olympic Club Terr.

Palm City, FL 34990

$179,900 6206 SE Monticello Terrace Hobe Sound, FL 33455

Selling the e l y t s e f i L a d i r o l F Serving: Stuart & Palm City, Jensen Beach Port St. Lucie & Ft. Pierce

TABATHIA’S LISTINGS

$530,000 1103 SE Westchester Dr., PSL

$412,250 5605 SW Ludlum St., Palm City

$312,400 2004 Winding Creek Ln., Ft. Pierce

$299,000 318 SW Walking Path, Stuart

$280,000 1102 SW Pine Tree Ln, Palm City

$279,900 5528 NW Sceptor Dr., PSL

$229,900 1742 SE Gaskins Circle, PSL

$210,790 48 Dusk Way, Ft. Pierce

$205,000 527 Twilite Terrace, PSL