This is why home prices are falling on the Treasure Coast
WPTV News - FL Palm Beaches and Treasure Coast
[{'start': '0.880', 'end': '6.560', 'text': 'Maren Evans moved to Martin County six'}, {'start': '3.120', 'end': '8.720', 'text': 'years ago to be in paradise. Loving the'}, {'start': '6.560', 'end': '10.960', 'text': "palm trees and the weather, but she's"}, {'start': '8.720', 'end': '12.480', 'text': 'noticed the real estate market is quite'}, {'start': '10.960', 'end': '14.960', 'text': 'different since she first bought her'}, {'start': '12.480', 'end': '16.640', 'text': 'dream home in Palm City. It has changed.'}, {'start': '14.960', 'end': '18.800', 'text': 'It It certainly has changed. I'}, {'start': '16.640', 'end': '21.600', 'text': "researched and found she isn't wrong as"}, {'start': '18.800', 'end': '23.840', 'text': '2025 is looking to be a buyer market on'}, {'start': '21.600', 'end': '26.240', 'text': 'the Treasure Coast. Evans told me while'}, {'start': '23.840', 'end': '29.199', 'text': "she isn't looking to sell right now, if"}, {'start': '26.240', 'end': '30.800', 'text': "she were, no, I'd probably wait. I spoke"}, {'start': '29.199', 'end': '33.440', 'text': 'with local real estate agent Kelly'}, {'start': '30.800', 'end': '36.320', 'text': 'Dowski who says the buyer market is'}, {'start': '33.440', 'end': '38.320', 'text': 'bringing prices for some homes down.'}, {'start': '36.320', 'end': '39.920', 'text': 'Basic feeling across the market would be'}, {'start': '38.320', 'end': '42.000', 'text': 'frustration. According to the Florida'}, {'start': '39.920', 'end': '43.920', 'text': 'Association of Realators in Indian River'}, {'start': '42.000', 'end': '47.200', 'text': 'County, the median sale price of a'}, {'start': '43.920', 'end': '49.600', 'text': 'single family home is down around 15%'}, {'start': '47.200', 'end': '51.680', 'text': 'since last year. Different story in St.'}, {'start': '49.600', 'end': '53.760', 'text': 'Lucy and Martin County where prices have'}, {'start': '51.680', 'end': '56.399', 'text': 'slightly gone up. But for town homes and'}, {'start': '53.760', 'end': '58.000', 'text': 'condos, prices are down. Dowski says'}, {'start': '56.399', 'end': '60.000', 'text': "it's because of the increase in"}, {'start': '58.000', 'end': '61.920', 'text': 'inventory. Have a lot more choices.'}, {'start': '60.000', 'end': '64.239', 'text': "They're taking a lot longer to make"}, {'start': '61.920', 'end': '66.720', 'text': 'decisions, which is kind of slowing down'}, {'start': '64.239', 'end': '68.479', 'text': "the whole market. There's around 7,000"}, {'start': '66.720', 'end': '70.320', 'text': 'active listings on the Treasure Coast.'}, {'start': '68.479', 'end': '72.479', 'text': 'For single family homes, Martin, St.'}, {'start': '70.320', 'end': '74.560', 'text': 'Lucy, and Indian River have over 6'}, {'start': '72.479', 'end': '77.119', 'text': 'months of inventory. For town homes and'}, {'start': '74.560', 'end': '79.280', 'text': 'condos, each county has more than 10'}, {'start': '77.119', 'end': '81.759', 'text': 'months of inventory. With more choices,'}, {'start': '79.280', 'end': '83.920', 'text': 'Dowski says buyers are the winners in'}, {'start': '81.759', 'end': '86.720', 'text': 'this market. Buyers want to feel like'}, {'start': '83.920', 'end': '88.720', 'text': 'they can get a deal and at the moment'}, {'start': '86.720', 'end': '90.799', 'text': "they can because they've got a lot to"}, {'start': '88.720', 'end': '92.720', 'text': 'choose from. But Dicowski says sellers'}, {'start': '90.799', 'end': '95.040', 'text': "don't have to lose out if they're"}, {'start': '92.720', 'end': '97.680', 'text': 'willing to negotiate even at a lower'}, {'start': '95.040', 'end': '100.400', 'text': 'price. They can maximize their equity'}, {'start': '97.680', 'end': '102.479', 'text': 'and sell their property um before their'}, {'start': '100.400', 'end': '105.680', 'text': 'equity shrinks more. Tyler Hatfield,'}, {'start': '102.479', 'end': '105.680', 'text': 'WPTV News.'}]