1st Quarter Real Estate Market Data – Single Family Homes – Martin County, Florida

MAY 18TH, 2017 – STUART, FL: 1st quarter real estate data for single family homes in Martin County, FL have been released by Florida REALTORS®. Take a look a the table below to compare year-over-year changes from 2016 to 2017.

Quarterly Statistics Q1 2017 Q1 2016 % Change YOY
Closed Sales 548 536 2.2%
Paid in Cash 243 219 11.0%
Median Sale Price $345,000 $320,000 7.8%
Average Sale Price $488,745 $437,135 11.8%
Dollar Volume $267.8 mil $234.3 mil 14.3%
Median % of Original List Price Received 94.6% 94.7% -0.1%
Median Time to Contract 57 Days 50 Days 14.0%
Median Time to Sale 95 Days 100 Days -5.0%
New Pending Sales 753 748 0.7%
New Listings 994 953 4.3%
Pending Inventory 406 455 -10.8%
Inventory (Active Listings) 1,094 1,078 1.5%
Months Supply of Inventory 5.5 5.2 5.8%

Produced by Florida REALTORS® with data provided by Florida’s multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Monday, May 15, 2017. Historical data revised on Monday, January 16, 2017. Next quarterly data release is Wednesday, August 9, 2017.

1st Quarter Real Estate Data 2017 Martin County, Florida

1st Quarter 2017 – Single Family Homes – Martin County, Florida

If you have real estate to sell on the Treasure Coast or the Palm Beaches, please call Rusty Abbott at 772-538-8468 or email rusty[at]rustyabbott.com.

The table and graph below show a comparison of traditional single family home sales vs. foreclosure/REO and short sales.

Distressed Real Estate Q1 2017 Q1 2016 % Change YOY
Traditional Closed Sales 522 482 8.3%
Median Sale Price $350,000 $326,975 $7.0%
Foreclosure/REO Closed Sales 22 44 -50.0%
Median Sale Price $236,500 $188,902 25.2%
Short Sale Closed Sales 4 10 -60%
Median Sale Price $321,500 $255,000 $42.9%

 

1st Quarter Distressed Sales Martin County Single Family Homes 2017

1st Quarter 2017 – Distressed Sales – Martin County, FL

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