How’s the market? I get asked this question frequently. How’s the market specifically in East Lake Village? Good, in my opinion. Inventory is lower and prices are stable.

A year or so ago I was able to show 10 or more townhouses in any price range. Now there are very few on the market which is good for prices but not so good for people looking for variety when they purchase.

I keep track of the statistics because I have a vested interest in that I own a few rental properties in East Lake Village.

What has the market done in the past six months*? Here are the numbers:

28 sales with 20 currently on the market
Median sales price per square foot $44.32
Median days on market: 147

*Sales data from Oct 2011 – Apr 2012

East Lake Village is still very attractive to all sorts of buyers – primary residents looking for their first home, season residents looking to be closer to the beach in a newer development, and the investor looking to rent a property out.

Zillow recently reported the South Florida market as having stabilized. I’ve been touting this for the Port St Lucie market for quite a few months now. I was honored to be asked to talk with a reporter for CBS 12 regarding this news and thought of no better location than East Lake Village to discuss sales. Heres’ the video:

Interested in more information? Don’t hesitate to contact me to discuss purchasing or selling your property in East Lake Village. You’re welcome to use the contact button above or call me directly at 772-485-3214.