Monday, February 18, 2019 / by Alexander Haigh
I’ve received a lot of questions recently about the state of our local new construction market, and so I’d like to give you a quick update on current conditions today.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message or use these timestamps to browse specific topics at your leisure:
0:18 - An introduction to today’s topic
1:18 - The average price per square foot of available new construction properties in St. Lucie County
1:46 - The average price per square foot of available new construction properties in Martin County
2:36 - The average price per square foot of available new construction properties in Palm Beach County
3:22 - The average price of pending new construction properties in St. Lucie County
3:35 - The average price of pending new construction properties in Martin County
4:00 - The average price of pending new construct ...
Monday, February 4, 2019 / by Alexander Haigh
For today’s market report, we’re breaking down the numbers from December 2018 by county and comparing them to December of 2017.
For single-family homes in St. Lucie County:
Closed sales dropped by 17.2% year over year, going from 494 sales in 2017 to 409 in 2018.
The number of homes paid for in cash dropped 4.6% year over year.
The average sale price was $220,682 in 2017, increasing by 6.1% to $234,242 in 2018.
The dollar volume in terms of homes sold was $109 million in 2017, which dropped by 12.1% to $95.8 million in 2018.
There were 615 units pending to close in 2017, which dropped by 2.4% to 600 units in 2018.
There were 3.4 months’ supply of inventory in 2017, compared to 4.2 months in 2018—a 23.5% increase.
For single-family homes in Martin County:
Closed sales dropped by 9.4% year over year, going from 181 sales in 2017 to 164 in 2018.
The number of homes paid for in cash dropped 4.9% year over year.
The average sale ...
Tuesday, January 15, 2019 / by Alexander Haigh
Is our market shifting as we begin 2019? Let’s look at the year-over-year statistics from November 2018 from St. Lucie, Martin, and Palm Beach counties:
St. Lucie County
The number of closed sales rose 4.2% from 425 to 443
The number of units that were paid for in cash dropped 7% from 114 to 106
The average sale price dropped 0.8% from $228,513 to $226,738
The total dollar volume of units sold increased 3.4% from $97.1 million to $100.4 million
Pending inventory dropped 7% from 787 units to 732 units
The months' supply of inventory rose 20% from 3.5 to 4.2 months
The number of closed sales dropped 23% from 178 to 137
The number of units that were paid for in cash dropped 5.9% from 61 to 58
The average sale price dropped 5.6% from $463,924 to $437,969
The total dollar volume of units sold decreased 27.3% from $82.6 million to $60 million
Pending inventory dropped 14% from 279 units to 240 units
The months' supply of inventory stayed the ...
Tuesday, December 18, 2018 / by Alexander Haigh
Before we begin, I’d like to wish you all a happy holiday season! My gift to you is this update on the latest market numbers for St. Lucie, Martin, and Palm Beach counties from October 2017 to October of this year.
For your convenience, I’ve included timestamps to help you view the specific topics that pertain to you. Feel free to navigate to the section(s) you’d like to see:
(0:30) — Introduction to our market update
(0:52) — Number of sales
(1:36) — Number of closed sales paid in cash
(2:30) — Average sale price numbers
(3:30) — Dollar volume of home sales
(4:35) — Pending sales numbers
(5:33) — Supply of inventory numbers
If you have any questions or would like some more information, feel free to reach out to me. I look forward to hearing from you.
Tuesday, December 4, 2018 / by Alexander Haigh
The holiday season is finally here, and today I want to talk to you about a cause that’s very near and dear to my heart, especially during this time of year: the ARC of Martin County.
ARC stands for “Advocates for the Rights of Citizens,” and it’s an organization that takes care of people with special needs through afterschool programs, job placement, etc. They work with people who have cerebral palsy, autism, down syndrome, and more.
To help them out this year, we’re hosting a clothing drive for ARC. They have nine different houses in the area that their clients are housed in, and now that we’re in the season of giving, I want to do my part to help give back. I’d love for you to join me.
You can donate any new or gently used clothing to our office at 203 SW Atlanta Ave., or we’d be happy to pick it up from your home if you give us a call or send us an email.
If you have any other questions for us in the ...