Like much of the housing environment in the state of Florida and throughout the country, the Port St. Lucie, Florida real estate market has had many ups and downs in recent years. Recent reports from the first quarter of 2011 show that the average price per square foot for housing Port Saint Lucie was $61. This represents a decrease of 1.6% compared to the same period last year.
The median sales price for sales of existing homes in Port Saint Lucie for the time period from March 2011 to May 2011 was $95,000, and these numbers are derived from 713 home sales that took place during this time period. This is an amount equal the that from the prior quarter, but is a decrease of 5% compared to the prior year. Sales prices have depreciated 72.9% over the last 5 years in Port Saint Lucie. The average listing price for Port Saint Lucie homes for sale was $178,946 for the first quarter of 2011, which represents an increase of 0.2%, or $299, compared to the prior year.
Compared to the first quarter of 2010, the median home sales price for the first quarter of 2011 decreased by 5%, or $5,000. At the same time, the number of home sales decreased 47.4%. Currently, there are 2,150 existing homes for resale and new homes in Port Saint Lucie on listed with different real estate listing services. This number includes 1,680 homes that are in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for a home for sale in Port Saint Lucie was $178,946 for the first quarter of 2011, which represents an increase of 0.2%, or $299, compared to the first quarter of 2010.
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