Our real estate market here on the Treasure Coast has been ever-changing over the last few years and between foreclosures, short sales, rising mortgage rates, and now dwindling inventory, it’s left many people confused. The good news is–the market here locally is improving and we have the stats to prove it.
With the housing crash lows behind us and the number of standard sales (NOT short sales and foreclosures) increasing, we’re happy to report that our median sales price for single family homes in St. Lucie County is up more than 17% year over year.
This fact coupled with a significant decrease in the number of homes currently available for sale has allowed homeowners to list their properties higher–and they are, on average, receiving 98% of their list prices.
For the buyers who have stayed on the fence throughout the lows, this is not bad news for you either. Although the ‘steals’ of 2009-10 are certainly long gone, St Lucie County and specifically Port St Lucie still has some of the most competitive home prices in South Florida–and even in the entire state.
The best advice for buyers and sellers in today’s market–have a professional Realtor on your side!!
Sellers–we are working day in and day out in this market and Jeremy is a Certified Real Estate Pricing Specialist. Together, we can determine a competitive pricing strategy that works for you and gets your home sold without appraisal problems.
We’re Selling! And we are taking new listings NOW!
Jeremy & Elyse Glass of The Glass Group, RE/MAX Masterpiece Realty GlassGroupRE@gmail.com 772-206-0246.