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Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Port St Lucie. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 561-214-5757
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| Average Home Price | $125,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 5-10% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $100,000 - $149,000 |
| Worst Selling Price Range | $250,000 - $299,000 |
| Prices As % of Asking Price | 80-85% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | No Change |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Port St Lucie is | Increasing |
| Seller Activity for the past 90 days in Port St Lucie is? | Increasing |
| Multiple Offers? | No |
| Multiple Offers Commentary | For some bank-owned properties the bank may get multiple offers. However, Home Sellers (Owners) normally don’t get multiple offers |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 45-50% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | The latest numbers available for the inventory are for January 2011. Single Family residential number is 3220 and Condos inventory stands at 1140 |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Port St Lucie! |
| Nearest Metro Area | Port Saint Lucie |
| Housing Hot Spots | Most cities within the St. Lucie County area are considered ’Housing Hotspots’ |
| Average Sold Price | $125,000 - View Graph Trend |
Port St Lucie Local News
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
Contact Information
Ray Abi and Martha Davis
Ray @561-214-5757 or Martha @561-572-5378
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– May 28th, 2012 –
---------------------------------
30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
StreetZip Code
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Request More Information Let me answer your questions! Ask Me!
Ray Abi and Martha Davis
Keller Williams Realty
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 Ray @561-214-5757 or Martha @561-572-5378
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