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|
|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%|
|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.
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|
|Median Sale Price||$350,000||$326,975||$7.0%|
|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%|