If youโre thinking about selling your home, it's important to have a good understanding of whatโs going on in the Port St Lucie market.
Knowing the most important data such as the average sales price, the number of homes sold, and days on market will better prepare you to sell your home.
Our 2020 Wrap Up Port St Lucie Market report showcases everything you need to know about local real estate trends.
Increase in New Listings over 2019
Median Ask Price
Active Listings under 250K
Increase in Closed Sales over 2019
There is barely a 1 month supply of homes in Port St. Lucie for sale in MLS.
455 homes compared to November 2020 when 591 single family
homes were for sale and builders are swamped.
Still a sellers market for sure!
Buyers are benefiting from very LOW interest rates which could continue well into 2022!
At current 30 year rates, mortgage payments are below rent!
๐ Wanna build? Consider this.... builders are quoting 1-2 years to completion IF you already have
a lot to build on. For the most part, builders don't have and are
trouble obtaining lots! Prices starting at $65,000 - $69,900 and theres
only 142 up for sale up to $100,000!
Rents will continue to rise... if you can even find an apartment or home to rent! With the exception of single family homes, there are several projects on the books and well underway that will eventually help alleviate the scarcity issue. Most of these projects are apartments including "luxury" unit with garages.
In regards to buyers for many reasons coming from north to south, real estate in Florida will remain ๐ฅ
Obviously, the issue is finding a house to buy! Diligence and tenacity in searching is the path buyers need to take!
Are you having difficulty finding your next home? Check in with us to see what we're currently renovating! ๐ ๐
โThis data is not verified for authenticity or accuracy and may not reflect all real estate activity in the market.
Based on information ยฉ 2020 BeachesMLS, Inc.โ
