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Price Reduced Indian River Drive Home for Rent
02.25.14 by
January 2014 Monthly Market Detail Florida Single Family Homes
02.24.14 by
January 2014 Monthly Market Detail Florida Single Family Homes
The January 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors began 2014 with all positive results as compared to the start of 2013. Both closed and pending sales were up. Year to year closed sales were up by 10.2% (was up by 8.6% in December) and new sales under contract (new pending sales) increased by 0.7% (was down by4.2% in December).
Both median and average sales prices were up ( January 2013 to January 2014) by 12.1% and 19.9% respectively. Very good results compared to the past few months when values increased, but at a much slower rate.
The inventory of available homes for sale increased by 15% from last year. This is now the fourth month of increased inventory. This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values. We do need to watch that inventory levels don’t rise so much as to have a negative effect on prices (law of supply and demand). It does appear that even with the increasing inventory the traffic for the new year is quite high and I expect some strong results for next month.
Click here to view or download the full report:
January 2014 Monthly Market Detail Florida Single Family Homes
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
January 2014 Monthly Market Detail Florida Single Family Homes
Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code January 2014
02.23.14 by
Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code January 2014
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for January 2014
For December 2013 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 22 active condo listings. (Down by 1 condo from December)
4 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from December)
1 Condos sold in December (Increased by 1 condo from December)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. January 2014 started with little change from last month. Only 1 sale, 1 additional pending listing and another small decrease in inventory.
The current absorption rate with only one sale is 22 months. The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that may not indicate a true trend in the market.
The January 2013 numbers were: 19 active listings, 8 pending sales and 4 closed sales. Better activity last year by a wide margin. One of the only segments of the Martin County real estate market with these poor comparative results.
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Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code January 2014
Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code January 2014
02.22.14 by
Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code January 2014
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for January 2014
For January 2014 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 287 active listings. (Up by 21 homes from December)
77 Residential sales are pending and awaiting close (Increased by 2 homes from December)
43 Homes Sold in January (Up by 1 home1 from last month)
After a strong finish for 2013 from the Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County, January began with continued strong market activity. All measured activity in this report showed good gains.
The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose slightly tot 6.8 months (6.2 months in December). A balanced market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.
The numbers for January 2013 were: 262 active listings, 96 pending sales and 28 closed sales. With the exception of the pending sales numbers, better activity this year as compared to January 2013.
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Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code January 2014
Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code January 2014
02.21.14 by
Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code January 2014
Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for January 2014
For January 2014 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
There are currently 34 active listings. (Decreased by 7 condos from December)
19 Condo sales are pending and awaiting close or lender approval. (Up by 4 condos from December)
4 Condos Sold (Decreased by 6 condos from December)
The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market. After 4 months of slowly increasing inventory, active listings once again declined. We ended 2013 with a nice jump in closed sales, but for January sales once again declined. About the only good news is a nice increase in pending sales.
The one month absorption rate for the January 2014, Jensen Beach Florida Market Report ZIP Code 34957 jumped to 8.5 months (4.1 months in December), back into a buyers’ market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.
The January 2012 numbers were: 66 active listings, 27 pending sales and 5 condos closed. Almost double the inventory last year, so with that percentage this condo market is still doing OK, but we need more active listings for any movement to be possible.
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Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code January 2014
Price Reduced Indian River Drive Waterfront Home for Rent
02.20.14 by
Price Reduced Indian River Drive Waterfront Home for Rent
Enjoy beautiful views of the Indian River from your home or the observation deck on the water. 3 bedroom/ 2 bath home with tile, stainless steel appliances, granite, pantry, screen porch, plantation shutters, high elevation, over 1/3 acre of land close to downtown Jensen Beach.
| Overview Maps Photos Description Indian River Drive Rental |
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Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code January 2014
02.20.14 by
Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code January 2014
Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for January 2014
For January 2014 in the 34957 Zip Code area of Jensen Beach, Florida :
There are currently 149 active listings. (Increased by 14 homes from last month)
70 Residential sales are pending and awaiting close or lender approval. (Up by 19 homes from December)
20 Homes Sold (Decreased by 7 homes from December)
The January 2014 Jensen Beach residential real estate market, zip code 34957 began the year with less closed sales than December, but also with a nice jump in pending sales indicating good future sales coming. Also of interest, a good increase to the inventory, after many months of decreases.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 7.5 months (5 months in December). Inching back into a slight buyers’ market. A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The January 2012 numbers were: 122 active listings, 66 pending sales and 14 home sales closed. Stronger activity this year, even with the lower closed sales from last month. Inventory levels are also above last year. With more choices of homes, I expect to see strong results this spring in the Jensen Beach single family real estate market.
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Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code January 2014
Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014
02.19.14 by
Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014
Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for January 2014
For January 2014 in the 34990 Zip Code area of Palm City, Florida :
There are currently 58 active condo listings. (Down by 8 condo from December)
5 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)
2 Condos Sold in January. (Unchanged from December)
Little change from the end of last year for the condo segment of the Palm City FL real estate market. Inventory was the only change and that was down even further. This is a very small segment of the Palm City market as this area is primarily single family homes. Trends are good to watch but a meaningful interpretation from monthly swings in values is difficult to determine.
The current absorption rate for condos in the 34990 zip code area dropped to 29 months with only 2 sales (was 33 months in December). A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The January 2012 numbers were: 69 active listings, 8 pending sales and 3 closed sales. Better activity last year, but there were also more properties available.
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Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014
New Price: Suntide Condo on Hutchinson Island
02.19.14 by
New Price: Suntide Condo on Hutchinson Island
The new price for this oceanfront condo is now $198,000!
Great opportunity for this Suntide Condo on Hutchinson Island in Stuart. Fully furnished with an updated kitchen, ocean front condo in Martin County’s prime Hutchinson Island location and building. Spacious 2 bedroom split plan with everything one needs for a full-time home or that special Florida tropical retreat. Suntide includes private beach access, heated pool, tennis courts, shuffleboard, wash area, newly renovated clubhouse with billiards, card table, fully equipped kitchen, bar, library and entertaining area as well as a profession fitness center. Under building secured parking. This well-appointed condo is ready for immediate occupancy.
Suntide is the first condo complexes north of the Stuart Causeway on Hutchinson Island in Martin County. Constructed originally in 1972, it retains much of the original and unique architecture of the times, yet boasts terrific amenities and at a much more reasonable price than much of the competition. Please call and ask about Suntide.
New Price: Suntide Condo on Hutchinson Island
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Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code January 2014
02.18.14 by
Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code January 2014
Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for January 2014
For December 2013 in the 34990 Zip Code area of Palm City Florida :
There are currently 447 active listings (An increase of 48 homes from December)
117 Residential sales are pending and awaiting close or lender approval. (Decreased by 23 homes from last month)
62 Homes Sold in December (Decreased by 11 homes from December)
After a very strong finish for the Palm City home market (zip code 34990) for 2013, 2014 starts out with disappointing numbers. Both closed and pending sales were down and the inventory took a large jump. One of the few segments of our market with this type of results.
The current absorption rate increased to 7.2 months from 5.5 months in October, putting us back into a slight buyers’ market. A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.
The December 2012 numbers were: 411 active listings, 176 pending sales and 39 closed sales. Inventory has jumped above last years levels and pending sales are down considerably from last year. This is not a good sign! Closed sales, however, did much better for this year.
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Palm City, FL Real Estate
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Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code January 2014
Updated Rocky Point Pool Home Price Reduced
02.18.14 by
Updated Rocky Point Pool Home Price Reduced
The price for 5478 SE Major Way in Rocky Point, Stuart, FL has been reduced to $419,900.
Beautiful 3 bedroom 3 full bath over sized 2 car garage home on a huge lot in Rocky Point. Home has recently been remodeled. Kitchen has new cabinets, counters and stainless steel appliances. New carpet in large bedrooms. New tile with wood look in other areas of the home. Bathrooms nicely updated. The 3rd full bath is located in the garage. Pool completely resurfaced. Ready to move into!
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Updated Rocky Point Pool Home Price Reduced
Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code January 2014
02.17.14 by
Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code January 2014
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2014
For January 2014 in the 34997 Zip Code area of Stuart, Florida :
There are currently 104 active condo listings (Up by 16 condos form December).
27 Condo sales are pending and awaiting close or lender approval (Up by 3 condos from December).
11 Condos Sold in January (Decreased by 2 condos from December).
A small drop in closed sales for the Stuart FL condo market for zip code 34997 for the month of January. A small increase in pending sales and a fairly significant jump in inventory,
The one month absorption rate increased to 9.5 months from last months 6.8. Back into a buyers market again. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
The January 2012 numbers were: 106 active listings, 22 pending sales and 3 closed sales. Very similar numbers to the beginning of 2013, just slightly off in pending sales while better closed sales numbers.
Stuart Florida Real Estate presented by:
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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2014
Coming Soon Conquistador Condo for Sale in Stuart FL
02.17.14 by
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Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code January 2014
02.15.14 by
Stuart Florida Homes for Sale and Sold Report 34997 ZIP code January 2014
Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for January 2014
There are currently 424 active listings (Increased by 30 homes from December).
149 Residential sales are pending and awaiting close or lender approval (A increase of 19 homes from December).
51 Homes Sold in January (Down by 34 homes from December)
The Stuart Florida Market for ZIP Code 34997 started the year with mixed results. A large rise in inventory as well as a nice jump in pending sales. Unfortunately closed sales took a big drop. I expect closed sales for January will come up significantly and think this was just a seasonal result.
The current one month absorption rate rose to 8.3 months, going back into a buyers market for January (was 4.6 months absorption rate for December). Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
The 2013 numbers for January, were: 361 active listings, 190 pending listings and 54 closed sales. Inventory is higher than 2013 and overall activity was not as good as last year.
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Stuart Florida Homes for Sale and Sold Report 34997 zip code January 2014
Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code January 2014
02.14.14 by
Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code January 2014
Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for January 2014
For January 2014 in the 34996 Zip Code area of Stuart, Florida :
There are currently 171 active condo listings (Down by 2 condos from last month).
49 Condo sales are pending and awaiting close or lender approval (Increased by 20 condos from December).
15 Condos Sold in January (Down by 6 condos from December)
For the Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code January 2014, a little bit of mixed results to start the year. One of our few areas with a continued decrease in inventory, but this could be a result of the big jump in pending sales which took 49 condos off the active rolls. Closed sales were down by 6 condos which is disappointing.
The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 11.4 months from December’s 8.2. Still a buyers market for January 2014. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.
The numbers for January 2012 were: 218 active listings, 54 pending sales and 13 closed sales. Inventory levels are still below those of 2013, yet the market activity is considerably better.
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Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code January 2014
Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code January 2014
02.13.14 by
Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code January 2014
Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for January 2014
For January 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 146 active listings (Increased by 18 homes from December).
33 Residential sales are pending and awaiting close or lender approval (Increased by 8 homes from December).
17 Homes Sold in January (Increased by 1 home from December).
After a strong December for the 34996 zip code area of the Stuart Florida residential real estate market, 2014 started with more good news with continued improving numbers. All measured criteria moved in a positive direction in January.
The one month absorption rate for the 34996 zip code area of Stuart Florida for January increased slightly to 8.6 months as compared to December’s 8 months (mostly because of a larger increase in inventory). Still a buyer’s market for the 34996 zip code area of Stuart. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.
The numbers for January of 2012 were: 180 active listings, 23 pending sales and 9 closed sales. Considerably better activity than last year. Also, this is one of our few areas with continuing reduced inventory, though it did rise this month.
Stuart Florida Real Estate presented by:
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Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code January 2014
Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code January 2014
02.12.14 by
Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code January 2014
Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for January 2014
For January, 2013 in the 34994 Zip Code area of Stuart, Florida :
There are currently 121 active condo listings (Increased by 2 condos from December).
46 Condo sales are pending and awaiting close or lender approval. (Up by 7 condos from last month)
12 Condos Sold in January (Increased by 3 condos from December).
An excellent start for 2014 from the Stuart Condo market in zip code 34994. Improved results as compared to December in all categories tracked here.
The one month absorption rate dropped to 1o.1 months compared to last month’s 13.2. (Still not as good as some of the strong months of 2013. This is still a buyer’s market for the 34994 zip code condo market of Stuart FL. Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months. Meaning neither the buyers or sellers have an advantage in the real estate market.
Last January the numbers were 173 active listings, 68 pending sales, and 9 closed sales. This is one of the few segments of our market with a noticeably smaller inventory as compared to last year. Yest comparative activity is quite strong when the reduced inventory is factored in.
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Stuart Florida Market Report ZIP Code 34994 – Condo, January 2014
Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code January 2014
02.11.14 by
Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code January 2014
Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for January 2014
For December, 2013 in the 34994 Zip Code area of Stuart, Florida :
There are currently 67 active listings (Increased by 11 homes from December)
34 Residential sales are pending and awaiting close or lender approval (Up 2 homes from December).
10 Homes Sold in December (Decreased by 4 homes from December)
The 34994 ZIP code area of the Stuart, Florida had a decrease in closed sales for the start of 2014. Pending sales were up slightly. While, the inventory took a nice jump, of over 10%.
The one month absorption rate for the 34994 zip code for January increased to 6.7 months from last months 4 months. Now, back into a balanced market. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.
The December 2012 numbers were 64 Active Listings, 31 pending sales and 5 closed sales. Considerably better activity than at the start of 2013.
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Stuart, FL Real Estate
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Stuart Florida Market Report ZIP Code 34994 Residential January 2014
Affordable Jensen Beach Home for Sale Just Listed
02.11.14 by
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Sewalls Point Homes for Sale and Sold Report January 2014
02.10.14 by
Sewalls Point Homes for Sale and Sold Report January 2014
Sewalls Point Real Estate Snapshot, Residential Sales for January 2014
There are currently 54 active listings (an increase of 11 homes for sale from December)
4 Residential sales are pending and awaiting close or lender approval (Down by 4 homes from last month)
12 Homes sold in December (Up by 4 homes from December)
Mostly a strong start for the Sewalls Point market activity to begin 2014. Up to 9 closed sales for January, which is a nice increase. There was also a nice jump in available homes for sale this month. The only negative was a decrease in pending sales, which will most likely result in a smaller number of closed sales in February.
The absorption rate decreased to 6 months compared to last months 8.6 months. Now a balanced market in Sewalls Point. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.
Comparing the results to January 2013, the inventory was 49 homes on the market, 7 pending sales and there were 2 closed sales. As in many of our other area, we are beginning to see increased inventory. Also, better closed sales as there is more homes to choose from.
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Sewalls Point Homes for Sale and Sold Report January 2014