So what do the sales* look like for the first half of 2010? As compared to this time last year, prices and sales have remained steady and stable.

First half of 2010

Number of sales: 53
Average Sales Price Per Square Foot = $61.12
Median Sales Price Per Square Foot = $57.50
Average Sales Price = $115,270
Median Sales Price = $102,500
Average Days on Market = 117
Median Days on Market = 77

As compared to 2009 (first half of year)

Number of sales: 67
Average Sales Price Per Square Foot = $61.31
Median Sales Price Per Square Foot = $57.82
Average Sales Price = $116,522
Median Sales Price = $105,000
Average Days on Market = 123
Median Days on Market = 104

Le’ts compare this to the rest of Port St Lucie’s other non-HOA neighborhoods. The average sales price per square foot is $56.57 as compared to Southbend’s $61.12. Not a major difference but somewhat noticeable.

Are you considering buying or selling in Southbend? Let’s chat.
As all buyer’s have heard: right now is a buyer’s market but as some sellers may not realize, if your property is priced strategically and with the right agent, you may end up getting multiple offers on your listing.

You can call me directly at 772-485-3214 or fill out this contact form and let me know what you’re considering.
Even if you think you may owe more than the home is worth, it’s always helpful to get a professional opinion on your property and situation.

Check out more info & photos about Southbend

Start your own search

Information for Sellers

*Sale criteria search was as follows:
6 month range – 12/20/2009 to 06/20/2010
Geo area included neighborhoods south of PSL blvd, east of the Turnpike, west of the N fork of St Lucie River, and north of Tesoro (and Becker Road).
Information obtained from Regional MLS.

    The urgency is clear and I’m hearing it from all angles – local buyers want to find something FAST before their $8000 tax credit runs out and our neighbors to the north feel that the deals are going to start drying up.
For example, in the past two weeks I have worked with a buyer who is desperate to find a good home and get it closed before he misses the free government money. We’ve successfully found him something and we’re on our way towards closing!

Click Here for July 2009 Market Stats

On the other side of the coin I’ve been getting lots of calls from buyers in NY, NJ, and CT that are consistently stating that they feel that the good deals in South Florida are going to start drying up and they need to act fast. Most of the people that are buying from the North are looking for condos or smaller homes that they can retire to in the near future. Although, recently I’ve worked with a lovely young family who want to relocate from Connecticut to Tradition or St Lucie West so the mother can work at one of the local schools.

     This home-buying frenzy has really impacted my perspective about our economic hardships. When I’m out in the public I somtimes am taken aback by the doom and gloom because all day I’m surrounded by people who are wanting to make a deal happen and find their dream home or retirement home. I think I would consider myself lucky that I am able to make these opportunities available and the constant urgency is what keeps me upbeat about our “down” economy.
I can say that I love to bring smiles to faces when people ask “how’s the market” because I always tell them what they didn’t expect to hear – that we’re doing fantastic and properties are flying off the market.

So this month I bring to you our statistics for July 2009.
These numbers include only single family homes* in the Port St Lucie Market.

Current Active Inventory: 2045

Total Number of Single Family Homes Sold for July: 401
Which can be further broken down into
Short Sales: 88
Foreclosures: 139
Total Sales including Condos, Manufactured Homes, Duplex, Townhouses: 430

Median Sales Price: $105,010

Median Days on Market: 73
Median Days on Market for Short Sales: 185

All real estate is localized, meaning that the numbers for Port St Lucie as a whole don’t necessarily translate the same into individual neighborhoods. Up in the Torino area new listings may fly off the market within days whereas other areas may not go so quickly.

If you’re looking to buy or sell a property within a particular neighborhood or region I can tell you what’s going on in your geo-area and what to anticipate. Start a conversation here.

* Single Family Homes does not include duplex, townhouse, condo, manufactured home, or commercial.
_____________________________________________________
The accuracy and authenticity of this information is not guaranteed.
Source: Regional MLS, Inc.
This report does not include sales sold “By Owner” or those transfered by other means; the report only contains properties within the Regional MLS.
08/15/2009 – Date that “active” inventory was pulled.
Prepared by Sarah Taylor of Re/Max Masterpiece Realty

The summer is upon us. In certain areas, activity slowed down a bit in June as school let out, the last remaining snow birds traveled home, and families prepared for vacations and 4th of July celebrations.

Click Here for June 2009 Market Statistics

Port St Lucie boasted 472 residential sales*, 427 of which were single family homes. Compare that to June 2008’s 344 residential sales (326 of which were single family homes) and we’re up by 37% over last year.

Short Sales Sold in June 2009
So how many of those 472 sales were short sales in June? – 98.
Roughly 21% of our residential sales in June 2009 were Short Sales.
How quickly are these short sales closing? – 172 days is the median for June.

Foreclosures Sold in June 2009
The number of properties denoted as “bank owned” or “foreclosure” on the MLS was – 139
Roughly 30% of the residential sales were Foreclosures.
How quickly are the foreclosures moving off the market? – 56 days is the median for June.
Translation – if you’re looking at buying a foreclosure, act quickly because, on average, they’re selling in under 2 months from the time they hit the MLS until they are closed.

All real estate is localized, meaning that the numbers for Port St Lucie as a whole don’t necessarily translate the same into individual neighborhoods. Up in the Torino area new listings may fly off the market within days whereas other areas may not go so quickly.

If you’re looking to buy or sell a property within a particular neighborhood or region I can tell you what’s going on in your geo-area and what to anticipate. Start a conversation here.

*Residential Sales equates to Single Family Homes, Townhomes, Villas, Condos, Duplexes, and Manufactured Homes.
_____________________________________________________
The accuracy and authenticity of this information is not guaranteed.
Source: Regional MLS, Inc.
This report does not include sales sold “By Owner” or those transfered by other means; the report only contains properties within the Regional MLS.
07/15/2009 – Date that “active” inventory was pulled.
Prepared by Sarah Taylor of Re/Max Masterpiece Realty