Florida Housing Market: An Overview of the Treasure Coast Real Estate

Are you looking to invest in the Florida housing market? Do you want to know what to expect as a buyer or seller? If so, this blog post is for you. In this post, we will provide an overview of the real estate market on the Treasure Coast of Florida, including the latest housing numbers, inventory, sales, and prices.

Introduction to the Real Estate Market

Housing is the epicenter of all economic strengths or weaknesses. It supports tradesmen, such as plumbers, electricians, contractors, and other professionals. People go to Home Depot and Lowe’s to maintain their property or remodeling, such as kitchen or bathroom remodels. And in Florida, pool companies are also big businesses. Furthermore, there are title companies, surveyors, housing inspectors, and realtors, which all have employees who make money off of the real estate industry. They, in turn, spend that money on various goods and services, such as housing, dining, groceries, and more. Therefore, housing is the canary in the coal mine – we are the industry that sustains the economy. If housing is doing poorly, then everyone is doing poorly.

Florida Housing Market Overview

The Florida housing market is interesting, and it’s no wonder that people often ask about the latest predictions. According to the latest Florida housing numbers, the market on the Treasure Coast of Florida (from Palm Beach through St. Lucie County) is still strong, but it’s not like it was earlier last year or in 2022. Buyers were lined up down the street to see a property with multiple bids all over the place. However, it is still an interesting ride for those experienced in maneuvering in a changing market. It’s a good thing that we are in this type of market, except for the higher interest rates.

The Story of Why the Real Estate Market is Strong

Let’s use Martin County as an example of the market. Martin County and Stuart Jensen Beach, Palm City HUBZone, and more had sales up over 12% the same time last year. Yes, they’re actually up now. St. Lucie and Palm Beach counties, which are north and south of here, had their sales down a bit more. However, it’s important to note that about this time last year, sales were starting to decline. The better number to compare the sales to is our pre-pandemic number, so that would be in 2019. And if we compare 2023 to 2019, our sales are stronger than they were. Therefore, the Florida housing market is still going strong.

What to Expect as a Buyer or Seller

If you’re a buyer, you should know that the inventory of homes is low. There aren’t as many homes for sale, which means you may have to compete with other buyers for a property. You may also need to act fast when you find a home you like. However, interest rates are still relatively low, making it a good time to purchase a home. If you’re a seller, you should know that the market is still strong, and you may be able to sell your home quickly. Prices are still increasing, and it’s a seller’s market. However, you should also be aware that buyers are looking for move-in ready homes, so it may be worth investing in some home improvements before you sell.

FAQs

Q1. How is the real estate market in Florida?

A1. The real estate market in Florida, particularly on the Treasure Coast, is still strong. However, it’s not like it was earlier last year or in 2022, where buyers were lined up down the street to see a property with multiple bids all

In this video, 🎬 we will talk about the truth of what’s really happening to the Florida housing🏡 market 🏝 housing market now and what to expect in 2023. If you’re looking to buy or sell a home in Florida, you need to watch this video! We’ll tell you what’s REALLY happening in the Florida housing market and how to prepare for the future. By the end of this video, you’ll know what to expect and what to do to stay safe and prosperous in the Florida housing market! New videos🎤 released every TUESDAY!

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Search for homes on the Southeast Coast of Florida called the Treasure Coast, which includes🏝: 

  • North Palm Beach
  • Jupiter
  • Jupiter Island
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  • Jensen Beach
  • Sewall’s Point
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I am Maria Wells, Broker/Owner of Lifestyle Realty Group. Located on the Treasure Coast of Florida, I am your neighborhood expert in Stuart, Jensen Beach, Palm City, Hobe Sound, Sewalls Point, Hutchinson Island, and more.  With six real estate designations, I bring you knowledge and insights beyond the average Realtor.  I will listen to what you are asking, read between the lines, and give you the information you may not know to ask. 

As the 2017 elected State President of Florida Realtors, the largest state trade organization in the US serving over 180,000 members, and, in 201,9 elected Region 5 Vice President for the National Association of Realtors, I convey tremendous experience and knowledge to handle the complexities of real estate to be your strong advocate. My Concierge philosophy and resources will provide you with personalized attention and service!  As a persuasive negotiator, I will get you to the closing table, manage all the details for a worry-free transaction, and be a resource for all your real estate needs for years to come.

If you are looking for my “Selling Senior Style” services, I have worked with hundreds of families to solve all of the issues regarding personal and real property for seniors and their families.  My designation Senior Real Estate Specialist (SRES,) will give you tremendous value if you are on this life journey.

I live in Jensen Beach, Florida with my husband, where we raise Orchids 🌸, polish up our Harleys 🏍 , and enjoy our grown children and one adorable grandson.👶🏻 🍼.  Photos 🎥 by Dragonfly Aerials – dragonflyaerials.pics  

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