Page 9 - Martin Downs Bulletin - November '22

Martin Downs, Page 9

real estate

Treasure Coast Real Estate Martin County. In fact, the
Report median sales price was up
21.1 percent in September
2022 when compared to
Home Sales Continue To Decline, But The September 2021.
Future Looks Good The only thing that
seems to be “collapsing”
By Jim Weix is unrealistic asking
As most people already prices. Fortunately, more
know, real estate sales in and more of these sellers
Martin County are continuing are figuring that out.
to decline. Sales in September “Price reduced!” seems
2022 were down 15.3 percent, to be the most common
when compared to September term when describing a
2021. This follows several property.
months of declines. Granted, mortgage
Nationwide, existing- rates of 7 percent and
home sales descended in inflation are not helping,
September, the eighth month but the low inventory of
in a row of declines, according to the National Association of homes for sale is helping
REALTORS . Three out of the four major U.S. regions notched to prevent price declines.
®
month-over-month sales contractions, while the West held With the snowbirds
steady. On a year-over-year basis, sales dropped in all regions. returning, we should see
The good news is that prices are not collapsing in an increase in sales. Martin County homes sales are still down.

Another interesting development is people from the
Holiday Happenings from page 8 the highest level of quality mental health services available hurricane-ravaged west coast of Florida looking at the Treasure
on the Treasure Coast for children and adolescents, Coast. I have a number of these clients. They kiddingly call
• Congressman John Snyder, ESI Staffing including individual, group and family counseling, themselves “refugees.”
• Rob Steele, Elliott Museum education, prevention, outreach, and advocacy. Today, They have damaged or destroyed homes, but can’t find
• Bob Thornton, O’Donnel Impact Windows & its services are needed more than ever before. To learn anything to rent over there, so they come to the Treasure Coast.
Storm Protection more, visit www.tykesandteens.org. I have found them rentals and they are seriously considering
• Chris Vaccaro, Congruity HR buying a home here, once their home over there is repaired so
• Brandon Woodward, Woodward, Kelley, Fulton that they can sell it.
& Kaplan The days of bidding wars and crazy prices are over. We are
• Jason Young, CPR Investments now entering a period of a healthy real estate market.
There are many unique and innovative sponsorship Feel free to call me if you would like to discuss your options.
opportunities at various levels. For information, www. I can be reached at (772) 341-2941 or jimweix@jimweix.com.
tykesandteens.org/tree-wreath-sponsorships-2022 and Jim Weix is a broker associate with The Keyes Company. Jim
www.tykesandteens.org/restaurant-sponsorships-2022. has 25 years of experience selling real estate full-time. If you
For over 25 years, Tykes and Teens has been providing have questions or want the services of an experienced expert,
you can reach Jim at (772) 341-2941 or jimweix@jimweix.com.

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