summary<\/a> by Capital Realty Group. Going forward, most condo purchases will require a full project review.<\/p>\nCondos in financially well-managed buildings will likely sell faster and for higher prices, Capital Realty Group predicts.<\/p>\n
Buyers have had difficulty financing condos, Umpierre said, especially in South Florida.<\/p>\n
“For decades, Florida condominium borrowers and owners faced stricter lending standards and higher financing hurdles than those in many other states,” Umpierre said. “The updated guidelines are expected to create a more transparent and financially secure lending environment.”<\/p>\n
Median sale prices <\/p>\n
The median sale price for townhouses and condos fell in all three Treasure Coast counties in April compared to last year:<\/p>\n
Martin:\u00a0$255,000, down from $280,000<\/p>\n
St. Lucie:\u00a0$282,500, down from $339,900<\/p>\n
Indian River:\u00a0$275,000, down from $286,298<\/p>\n
Closed sales <\/p>\n
The number of townhouses and condos sold increased in Martin and Indian River counties and decreased in St. Lucie County in April compared to last year:<\/p>\n
Martin:\u00a0115, up from 111<\/p>\n
St. Lucie:\u00a098, down from 99<\/p>\n
Indian River:\u00a0116, up from 96<\/p>\n
Active listings <\/p>\n
The number of townhouses and condos on the market decreased in all three Treasure Coast counties in April compared to last year:<\/p>\n
Martin:\u00a0640, down from 773<\/p>\n
St. Lucie:\u00a0723, down from 879<\/p>\n
Indian River:\u00a0686, down from 916<\/p>\n
Months of inventory <\/p>\n
The benchmark for a balanced market \u2014 favoring neither buyers nor sellers \u2014 is 5\u00bd months of inventory. Anything higher is considered a buyer’s market, and anything lower is a seller’s market. All three Treasure Coast counties leaned less toward a buyer’s market for townhouses and condos in April compared to last year:<\/p>\n","protected":false},"excerpt":{"rendered":"Prices for condominiums and townhouses slid down across the Treasure Coast in April. The median sale price for…\n","protected":false},"author":2,"featured_media":280590,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[119646,28,30,29,17981,93182,74579,14458,179],"class_list":["post-280589","post","type-post","status-publish","format-standard","has-post-thumbnail","category-florida","tag-capital-realty-group","tag-florida","tag-florida-headlines","tag-florida-news","tag-indian-river","tag-indian-river-counties","tag-median-sale-price","tag-st-lucie","tag-treasure-coast"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/280589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=280589"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/280589\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/280590"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=280589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=280589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=280589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}