Page 9 - Palm City Spotlight - June '23

Palm City Spotlight, Page 9

reaL estate

Treasure Coast Real Estate Those predictions were apparently wrong. What
Report happened was common sense returned. As a result, real
estate prices began to return to a more normal market.
In Martin County, closed sales in April increased by
So Much For The Real Estate “Off-Season” 3.6 percent, and the average sales price increased by 14.4
In Florida percent. No real estate crash going on there.
In St. Lucie County, although April closed sales
By Jim Weix decreased by 21.8 percent, the average sales price held
At one time, not too steady with a 0.5 percent increase. Since the average sales
long ago, everyone from price in St. Lucie County is $409,220 and much lower
real estate agents to local than Martin County’s average sales price of $1,097,831,
businesses had a limited St. Lucie County attracts more buyers looking for
time to make much of their affordable housing. My experience is that some of those
annual income. That was buyers are finding more affordable housing in Indian
because the snowbirds and River and Okeechobee counties.
tourists all went back home. Feel free to call me if you would like to discuss your
It would seem those days options. I can be reached at (772) 341-2941 or jimweix@
are gone. jimweix.com.
Last year, in April, the Jim Weix is a broker associate with The Keyes
Treasure Coast real estate market was still experiencing a Company. Jim has 25 years of experience selling real
wild buying spree. Buyers were actually trying to outbid estate full-time. If you have questions or want the services
each other and even waiving common sense things like of an experienced expert, you can reach Jim at (772)
property inspections. Prices were rising at a seemingly 341-2941 or jimweix@jimweix.com.
unsustainable rate. Many people were predicting a real
estate “crash.”

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