Port St Lucie, FL 34986 PGA VILLAGE MARKET TREND 2012 Market Trends
By Florida Tolbert Team Keller Williams Advantage, Keller Williams Land Luxury Division Specialist
(Keller Williams Advantage III Realty in Lake Nona)
This are changing even in our LUXURY MARKET and these charts that follow will show it. We have falling inventory and slowly rising prices and our absorbsion rate continues to improve which should continue to allow prices to rise. Inventory Supply Chart For the Period — Jan 1, 2012 to Apr 30, 2012 Jan-12Feb-12Mar-12Apr-12 # Months Inventory 13.67 13.9 9.13 11.08 # Active Listings 123 139 146 144 # Sold Listings 9 10 16 13 Absorption Rate 9 10 16 13 One very interesting point to note is that in most areas of Port St Lucie where prices are rising as much as 90% since the first of the year, you are having to pay above LISTING PRICE in order to purchase, but in our LUXURY MARKET, there still appears to be a little negotiation to the prices. This could mean that at least for a short peri...
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