Martin County: Number of Luxury Home Sales Surge 366%

WASHINGTON, D.C. – October 23, 2015 – (RealEstateRama) — “Florida Realtors® reports a remarkable jump in Martin County’s average home price for the month of September to $437,996, up 40% from the previous year.  This surge in pricing can be attributed to the incredible increase in the number of properties that sold for over a million dollars; there were 14 to be exact, which is a 366% increase year-over-year. While our overall pace of sales remained typical for this time of year, our median days on market decreased 43%, leaving us with only a 4.5 months’ supply of inventory.  Prospective buyers and sellers may ask, will these trends continue?  Only time will tell, but snowfall has already been recorded up North, and local REALTORS® agree that nothing could be more beneficial to Martin County real estate sales than another brutal, northern winter.  So, if you’re buying or selling, be sure to enlist one of your local real estate professionals,” said John Slivon, Treasurer of the Realtors® Association of the Palm Beaches (RAPB). 

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About John Slivon: Slivon is also a REALTOR® and Certified International Property Specialist (CIPS) with The Real Estate Company, Inc. in Stuart and can be reached at 772-223-0346 or "> for questions.

About the Realtors® Association of the Palm Beaches (RAPB): RAPB is the 6th largest local association in the country representing over 14,000 REALTOR® members involved in all aspects of residential and commercial real estate throughout Southeast Florida. RAPB members are “The Voices for Local Real Estate,” providing consumers with real insight on the homeownership process with data accuracy and market expertise. Many of their members also engage in one or more divisions offered through RAPB, including the REALTORS® of St. Lucie County (RSLC), REALTORS® Commercial Alliance, the Young Professionals Network, and the award-winning Global Business Alliance. Consumers will find their perfect, local REALTOR® match from RAPB by visitingwww.SouthFloridaPropertyMatch.com.

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