The Treasure Coast in Florida has reportedly continued to see sales decline in August, especially in three counties: Martin, St. Lucie, and Indian River.
Treasure Coast in Florida (Photo: Palm Beach Relocation Guide)
Treasure Coast in Florida: Real Estates Skyrocketed
According to a report from Bankrate, the Treasure Coast in Florida has skyrocketed. What once was a sunny place, with great weather and a relatively low cost of living has had a major u-turn, and if I may add, negatively.
Problems such as mortgage rates, insurance of the homeowners, and homes staying on the market have probably contributed to this major change.
Moreover, inherent dangers such as hurricanes and climate change may have also played a big role in this decline causing families to move out of Florida and find a safer place.
Treasure Coast in Florida Continues to Meet Sales Decline in Three Counties: Martin, St. Lucie, and Indian River.
TCPALM reports that Treasure Coast in Florida has met declines in three counties due to the changes in cost and ways of living.
Treasure Coast in Florida has collected data from July to August 2023. The data that was collected resulted in sales declines in the three major counties. Specifically, Martin from 170 to 164, and Indian River from 219 to 203. However, St. Lucie had gone up from 504 to 505.
According to Kyle Von Kohorn, the price of the real estate on the Treasure Coast in Florida may have pushed people out of the market.
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