June 2014 Monthly Market Detail Martin County Single Family Homes

07.26.14 by

June 2014 Monthly Market Detail Martin County Single Family Homes

The June 2014 Monthly Market Detail Martin County Single Family Homes showed another month with excellent activity.  Martin County single family home sales exceeded the average in the state and continues to show excellent strength.  Year to year closed sales were up by 19.6% (was up only 18.6% in May). New pending sales increased by 15.7% as compared to June of 2013 (decreased by 0.4% in May).  Quite the turnaround from earlier this year.

The median sales price was up by 13.7% from last year (up by 8.0% in May) while the average price increased by 9.2% (was down by 4.3% last month).  Strong increases in value once again after a fairly slow spring.

The inventory of available single family homes decreased from May 2014 by 29 homes to 1,391 units this month, this still represents a 28.7% increase from last June.  Current supply of inventory decreased to 7.2 months from last month’s 7.5  (a 15.8% increase from last year).  This market is in a slight advantage for buyers.

June 2014 Monthly Market Detail Martin County Single Family Homes

 

Click here to view or download the full report:  June 2014 Monthly Market Detail Martin County 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.

June 2014 Monthly Market Detail Martin County Single Family Homes

Rocky Point Pool Home Open House

07.26.14 by

Rocky Point Pool Home Open House

 

Open House:
July 26, Saturday 10:00 AM – 11:00 AM

July 27, Sunday 1:00 PM – 3:00 PM
 
 
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BlueWater Realty Services Inc.
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5478 SE Major Way
Stuart, FL
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Updated Rocky Point Pool Home
$ Click for current price
3 BEDROOMS
3 BATHROOMS ( 3 full )
2196 Square Feet

Beautiful 3 bedroom 3 full bath oversized 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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Rocky Point Pool Home Open House 

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June 2014 Monthly Market Detail Florida Townhouses and Condos

07.25.14 by

June 2014 Monthly Market Detail Florida Townhouses and Condos

For the June 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida, activity has decreased from last years hot pace but has improved from last month.  Year to year closed sales were up by 3.1% as compared to last months decrease of 7% and new sales under contract (new pending sales) decreased by 9% (May’s decrease was 13.4%).

Both median and average sales prices were up (year to year) by 8.5% and 5.8% respectively (in May it was 13.7% and 12.7%). Moderating price increases have been anticipated by me as the inventory rises and the sales activity cools a bit.

Inventory rose for the ninth month in a row, by 13.4% (was up by 11.3% in May).  While the June 2014 numbers are not as robust as those of last year, this continues to be an active market with a 5.8 month supply of inventory (was 6 months in May) which is up 11.4% from last year.  Currently a slight advantage to sellers.

June 2014 Monthly Market Detail Florida Townhouses and Condos

 

Click on the link below or the graphic to see the full market detail report from Florida Realtors:  Click here to view or download the full report:  June 2014 Monthly Market Detail Florida Townhouses and Condos

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.

June 2014 Monthly Market Detail Florida Townhouses and Condos

Rocky Point Pool Home New Price

07.25.14 by

Rocky Point Pool Home New Price

The price for 5478 SE Major Way in Rocky Point, Stuart, FL has been reduced to $388,000

Updated Rocky Point Pool Home

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!

Updated Rocky Point Pool Home

Updated Rocky Point Pool Home

Rocky Point in Stuart, FL is a wonderful boating oriented community located just off the Saint Lucie Inlet in beautiful Martin County Florida.  Originally a fishing village because of its proximity to the Atlantic Ocean; Rocky Point is now a wonderful family community with a variety of different neighborhoods.  Most of Rocky Point is still oriented towards fisherman and boaters with many of the neighborhoods having access to docks, marinas and/or boat ramps.  Some neighborhoods have deeded dock rights as well as privately owned ramps and launch facilities.  There is also a selection of some luxury waterfront homes with private docks located only a short few minutes cruise to the open Ocean via the Saint Lucie Inlet and within a day’s round trip to the Bahamas.

Updated Rocky Point Pool Home

Bordering Rocky Point to the north and west is the Manatee Pocket.  Home of the original Stuart Sailfish fleet (Stuart continues to proudly boast that it’s the ‘Sailfish Capitol of the World’).  Now home to a number of Marinas, Charter fleets and the famous Chapman School of Seamanship as well as quite a few excellent restaurants serving the freshest seafood arriving from the Ocean straight to the kitchens daily.

Updated Rocky Point Pool Home

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June 2014 Monthly Market Detail Florida Single Family Homes

07.24.14 by

June 2014 Monthly Market Detail Florida Single Family Homes

The June 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors continues with improving market results, though at a bit of a slower rate than last year.  But, considerably better than a fairly slow May of 2014.  Year to year closed sales were up by 14.6% (was up by 3.6% in May) and new sales under contract (new pending sales) increased by 4.1% (was down by 0.6% in May).

Both median and average sales prices continue to rise ( June 2013 to June 2014) by 5.2% and 4.2% respectively, compared to May’s 4.3% and 8.9%.   While still positive numbers, the rate of appreciation appears to be slowing.

The inventory of available homes for sale rose by 21.7% from last year.  This is now the ninth 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.  This increase in inventory makes for greater choices and more price competition among sellers. With only a 5.6 months supply of inventory, this is a healthy market with a slight edge to sellers. (2013 had a 4.9 month supply)

June 2014 Monthly Market Detail Florida Single Family Homes

 

Click here to view or download the full report:
June 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.

June 2014 Monthly Market Detail Florida Single Family Homes

Murano Homes July 2014 Housing Market Update

07.24.14 by

Murano Homes July 2014 Housing Market Update

Palm City Florida Real Estate

Murano in Palm City Florida
 
There are currently 3 homes on the MLS in Murano with prices ranging from $204,900 to $319,900. This is an average of $97.30 per sq. ft. of living area.  Of these three homes one is a bank owned foreclosure and one is a short sale.
 
There are currently no homes under contract in the MLS (though I am aware of a number of pending sales with D.R. Horton)
 
In the past 12 months 15 homes have sold in Murano with sales prices ranging from $215,000 to $312,000 for an average of $116.78 per sq. ft. of living area and 97% sales to list price.  The average days on market was 65.
Murano Homes in Palm City FLConveniently located off of martin Downs Blvd and Sunset Trail, Murano is a new home community with 110 homes. Originally developed by Home Dynamics with homes built in 2007 and later this community was taken over by D. R. Horton with building resuming in 2011 to the present. Murano homes range from two story 5 Bedroom 4 bathroom homes of 0ver 3,200 sq. ft. to single story 2 Bedroom, 2 bath homes of just over 1,700 sq. ft.

This is a very family friendly neighborhood close to schools, shopping and Florida’s Turnpike for commuters. There is a community pool and low HOA fees of approximately $65 per month (as of this writing).

There may be a few new D. R. Horton homes available for sale, but this community is just about sold out so call us for details.

  • For the D.R. Horton homes, highlights include:
  • Choice of 5 NEW Floor plans
  • GE Appliance Package
  • Various home sites available including lakefront
  • Community Swimming Pool and Cabana
  • Top Rated Palm City Schools
  • Easy commute via I-95 or Florida Turnpike
  • Close proximity to area recreation including beaches, parks, boating, fishing and all types of water sports
  • Shopping, entertainment and restaurants are all nearby.

We are very excited to be able to offer some special promotional packages not available directly from the builder.

 Murano Homes in palm City Florida

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Murano Homes July 2014 Housing Market Update


Crane Creek in Martin Downs July 2014 Housing Market Update

07.23.14 by

Crane Creek in Martin Downs July 2014 Housing Market Update

Crane Creek in Martin Downs

In July of 2014 there are 14 homes actively listed in Crane Creek.  List prices range from $189,500 to $699,999 for an average of $141.46 per sq. ft. of living area.  In this group, there is one short sale and one bank owned foreclosure.

Four homes are under contract and awaiting settlement, priced from $154,900 to $379,000 for an average of $104.90 per sq. ft. of living area. Again, one of these is a short sale and one is a foreclosure.

In the past 12 months there have been 20 sales in Crane Creek with sales prices ranging from $135,000 to $635,000 for an average of $111.93 per sq. ft. of living area. There were 3 short sales and 3 bank owned properties in these sales.

Crane Creek in Martin Downs

The coast of Florida on the eastern side offers many wonderful locations. One of the secret attractions is Crane Creek real estate development. This community is found within Palm City. With all the accommodations the Palm City area has to offer it should not be a surprise that a select neighborhood such as Crane Creek real estate properties is a high commodity.

  • An abundance of parks to soak in the outdoors  from a climate that allows for it year round; fields for football, soccer, baseball, softball, lacrosse, tennis and basketball courts, skate rinks and parks, horseshoes, playgrounds, picnic areas, shelters, boat ramps and many more
  • A wide variety of fishing from saltwater to freshwater, surf to pier to deep water, charter, novice and expert, tournament or hobby
  • An assortment of arts and culture; musicals, plays, movie theaters, miniature golf, pleasure cruises, restaurants, fine art collections, gift shops, festivals, art shows, museums, theme parks
  • A large range of shopping experiences including leading retailers, specialty shops, charming boutiques, malls

Crane Creek in Martin Downs

Crane Creek real estate is situated within Martin Downs Country Club. A gated golf course community, Crane Creek has the finest features needed to make the community as upscale and appealing as possible. However, none of this is forced upon you because membership in the country club is optional.

  • a spectacular clubhouse
  • 2 championship golf courses
  • 12 tennis courts
  • 2 swimming pools
  • a fully equipped fitness center

Crane Creek in Martin Downs

There is also the opportunity to partake in one of the many other conveniences in place at the country club facility.  There are a driving range, chipping area, putting green, practice bunker and rental clubs. The Crane Creek real estate in Martin Downs is made up of marvelous and varied homes with something for everyone. The properties involve a wide selection of architectural style and choices from condominiums to estate homes. The parcels also have as much variation with maintenance free lots and large acreage lots. Within minutes from two of Florida’s major thoroughfares, Florida’s Turnpike and I-95, the location of Crane Creek real estate removes the hassle from commuting. In addition to all of these amenities recent business dealings in the Crane Creek real estate area may bring one more amenity. There is talk of an equestrian facility being placed on site within Martin Downs Country Club. In this part of Florida there is fishing, golf and horses. An equestrian facility would bring horse shows and an increase in revenue for locally owned businesses. Come take a look at all of the extras and all of the expected in this community. Furthermore, contact us today so we can put our knowledgeable and professional expertise to work for you as you look into becoming part of the Crane Creek real estate undertaking.
 
Crane Creek in Martin Downs
 

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Crane Creek in Martin Downs July 2014 Housing Market Update

July 2014 Pinecrest Lakes Housing Market Report

07.22.14 by

July 2014 Pinecrest Lakes Housing Market Report

There are 10 actively listed homes for sale in the Pinecrest Lakes community as of July 2014.  Listing prices range from $679,000 to $334,990 which equate to an average of $154 per sq. ft. of living area.  (No bank owned or distressed sales)
There are 3 homes under contract and awaiting closing.  List prices are $295,000 to $380,930 at an average asking price of $154 per sq. ft. of living area.
In the past 12 months, 28 homes have sold in Pinecrest Lakes with sales prices ranging from $250,000 to $447,680 which was an average of $146 per sq. ft. of living area.  In these sales there was one short sale and one foreclosure.
Pinecrest Lakes Homes for Sale

The Pinecrest Lakes community of Jensen Beach FL was first developed in the late 70’s and early 80’s during a time when the Martin County Commissioners were notoriously stringent and restrictive about new developments in the area. Consequently this community has a distinctive feel and flavor. All homes are on at least a 1/2 acre lot with many on larger 1 to 2 acre lots. None of the homes are identical and all types of construction and paint schemes are allowed.

Pinecrest Lakes Homes for Sale

Pinecrest Lakes is located south of NE Jensen Beach Boulevard and just east of the new Green River parkway. Residents enjoy wide winding streets with sidewalks, street lights, underground utilities and public water. Community features include tot lots, parks, lakes and tennis courts.

Pinecrest Lakes Homes for Sale

Pinecrest Lakes is located in Martin County’s “A” rated school district. The local public elementary school, Jensen Beach Elementary School, is less than a mile away, within easy walking and biking distance for students. Students also attend Stuart Middle School in Stuart and Jensen Beach High School located approximately 1 mile northwest of the community on NE Jensen Beach Boulevard.

Pinecrest Lakes Homes for Sale

 

Pinecrest Lakes is also about 1 mile to the east of the Treasure Coast Square Mall, Martin County’s main shopping center. Residents are a short ride away from the beautiful beaches on Hutchinson Island, historic downtown Jensen Beach, Indian Riverside Park as well as numerous boat ramps and marinas that serve the vast boating resources available in Martin County.

 

Here are the currently available Pinecrest Lakes Homes for Sale in Jensen Beach, Florida

 

July 2014 Pinecrest Lakes Housing Market Report

Hobe Sound FL 33455 Condo Market Report June 2014

07.21.14 by

Hobe Sound FL 33455 Condo Market Report June 2014

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for June 2014

 

For May 2013 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 18 active condo listings. (Down by 2 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2014

 

4 Condo sales are pending and awaiting close. (Decreased by 1 condo from May)

Hobe Sound FL 33455 Condo Market Report June 2014

 

2 Condos sold in May (Down by 1 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2014

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  With only 18 condos on the market, not much variety for buyers to look at.  And, unfortunately the activity also continued to slow for June with reduced pending and closed listings.

The current absorption rate is 9 months (Last month it was 6.7 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 June not indicate a true trend in the market.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The June 2013 numbers were:  19 active listings, 10 pending sales and no closed sales.   As poor as the activity was this year, it’s still an improvement over 2013.

Hobe Sound FL 33455 Condo Market Report June 2014

 

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Hobe Sound FL 33455 Condo Market Report June 2014

 

Port St Lucie Vacant Lot Price Reduced

07.21.14 by

 Port St Lucie Vacant Lot Price Reduced

 
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BlueWater Realty Services Inc.
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2979 Southwest Boxwood Circle
Port Saint Lucie, FL
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Reduced!
   

2979 SW Boxwood Circle Port St. Lucie
$ Click for current price

Oversized corner Port St Lucie Vacant Lot Price Reduced in a quiet and uncrowded residential area. Close to the Turnpike as well as easy access to shopping. Ready for a large home in an excellent location.
 
   

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Hobe Sound FL 33455 Residential Market Report June 2014

07.20.14 by

Hobe Sound FL 33455 Residential Market Report June 2014

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for June 2014

 For June 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 261 active listings. (Down by 11 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2014

 

95 Residential sales are pending and awaiting close  (Increased by 11 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2014

 

40 Homes Sold in June (Down by 7 homes from last month)

Hobe Sound FL 33455 Residential Market Report June 2014

 

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County for June is showing some very strong pending activity.  An excellent indication for strong future closed sales.  Unfortunately, closed sales were off for June.  The inventory of available homes for sale also declined and is getting fairly low by historical standards for Hobe Sound.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased slightly to 6.5 months (5.8 months in May).  Back into an almost balanced market for Hobe Sound after over a year of being in a sellers 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 June 2013 were:  238 active listings, 96 pending sales and 42 closed sales.   Very nearly identical activity to that of June 2013.

Hobe Sound FL 33455 Residential Market Report June 2014

 

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Hobe Sound, FL Real Estate

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Hobe Sound FL 33455 Residential Market Report June 2014

Hobe Sound Vacant Lot Under Contract

07.20.14 by

Hobe Sound Vacant Lot Under Contract

 

 

Vacant Lot at Great Price!
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$8,500
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Lot: 0.12 acre(s)
Location
12193 SE Florida Ave
Hobe Sound, AL
USA

Vacant lot in established neighborhood that is close to Bridge Rd and shopping.  Just a short ride to Jupiter or to I-95 for commuters.  Excellent opportunity for a starter home or some quick profit from a builder willing to put up a spec home. Great location.

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Hobe Sound Vacant Lot Under Contract

 

 

Jensen Beach FL 34957 Condo Market Report June 2014

07.19.14 by

Jensen Beach FL 34957 Condo Market Report June 2014

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for June 2014

 

For June 2014 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 31 active listings. (No change from May)

Jensen Beach FL 34957 Condo Market Report June 2014

 

10 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from May)

Jensen Beach FL 34957 Condo Market Report June 2014

 

3 Condos Sold (Down by 2 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2014

 

 The Jensen Beach FL 34957 Condo Market Report June 2014 remains a small sector as far as condos in Martin County. After a couple of months of inventory gains, the trend stopped in Junes and available condos for sale remained unchanged.  Pending sales were up by only 1 condo and closed sales were off.

The one month absorption rate for the June 2014, Jensen Beach Florida Market Report ZIP Code 34957 rose to 10.3 months (6.2 months in May), back into a buyers market after an exceptionally active spring.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The June 2012 numbers were: 31 active listings, 24 pending sales and 7 condos closed.   Much stronger activity last year.

Jensen Beach FL 34957 Condo Market Report June 2014

 

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Jensen Beach FL 34957 Condo Market Report June 2014

Port Saint Lucie Pool Home Just Listed

07.19.14 by

Port Saint Lucie Pool Home Just Listed

 Port St Lucie Home for Sale

This Port St. Lucie Pool Home on 3079 SW Circle Street has just been listed at $199,000.

Port St. Lucie Pool Home

Lovely 3 bedroom, 2 bath pool home. Home has been extremely well maintained. There is an entry foyer that opens into the living room with a view of the pool, formal dining, family room, eat-in kitchen with granite, stainless steel, vaulted ceilings, split floor plan, laundry room inside the home, double car garage, nicely landscaped. Decorator colors throughout. Florida living at it’s best with a covered patio, lots of seating area, fenced enclosed pool with lots of room for grilling and entertaining. Private backyard. Conveniently located to shopping, restaurants, and interstate. Everything you could want in a home.

Port St. Lucie Pool Home

Port St. Lucie has been ranked as one of the cleanest, safest and fastest-growing cities in the United States. With that in mind, traditional neighborhoods are a popular choice in Port St. Lucie real estate. Ideal for growing families, traditional neighborhoods are made up of single-family homes—free-standing structures that share no walls with other homes. Port St. Lucie’s neighborhoods are conveniently located, with a large selection of restaurants, schools, banking, healthcare services, shopping and entertainment opportunities nearby.

Port St. Lucie Pool Home

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Port Saint Lucie Pool Home Just Listed

Jensen Beach FL 34957 Residential Market Report June 2014

07.18.14 by

Jensen Beach FL 34957 Residential Market Report June 2014

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for June 2014

 For June 2014 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 122 active listings. (Increased by 10 homes from last month)

Jensen Beach FL 34957 Residential Market Report June 2014

 

62 Residential sales are pending and awaiting close or lender approval. (Down by 10 homes from May)

Jensen Beach FL 34957 Residential Market Report June 2014

 

25 Homes Sold (Decreased by 17 homes from May)

Jensen Beach FL 34957 Residential Market Report June 2014

 

Following an exceptionally strong May, the Jensen Beach FL 34957 Residential Market Report cooled a bit for June 2014.  Pending sales dropped for the third month in a row, which way be an indication of some future weakness in the number of sales.  Closed sales unfortunately declined.  There was also a nice little increase in inventory making a greater choice of homes for those looking in Jensen Beach.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 4.9 months (2.7 months in May).  Still a strong sellers market for Jensen Beach home sales.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The June 2012 numbers were: 112 active listings, 75 pending sales and 31 home sales closed.  Last years activity was still better for Jensen Beach.  This is a hot segment of the Martin County residential real estate market.
 
Jensen Beach FL 34957 Residential Market Report June 2014
 
 

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Jensen Beach FL 34957 Residential Market Report June 2014

Emerald Lakes Townhome Sold in Stuart FL

07.18.14 by

Emerald Lakes Townhome Sold in Stuart FL

5834 SE Windsong Lane sold for $115,000.

Emerald Lakes Townhome Stuart FLAwesome lake view from this updated townhome in Emerald Lakes.  The roof was re-coated 2013 and a new A/C in 2010. New carpets also.

Emerald Lakes Townhome Stuart FL

The community of Emerald Lakes lies n the Port Salerno area of Stuart, Florida and consists of 400 2 and 3 bedroom townhomes and 130 single family villas.  The town homes and villas are governed by two separate home owners association yet share many of the same amenities.

Emerald Lakes Townhome Stuart FLSpread out over 100 acres of beautiful Florida landscape, with 3 ‘Emerald Lakes’, miles of walking paths, 7 tennis courts, 3 heated pools and two club houses.  Very conveniently located within walking distance of a Publix Grocery store, Beall’s, Walgree’s, Banks, Gold’s Gym, etc.

Emerald Lakes Townhome Stuart FLJust a few miles away are numerous Golf Courses, Martin County’s famous waterways, marinas  and beaches  and also within minutes of I-95 for easy access to locations both north and south.  Fort Lauderdale is only a little over an hour to the south and Disney World is just over 2 hours to the north.  A perfect location!

Emerald Lakes Townhome Stuart FL

Residents of Emerald lakes enjoy the good life with low HOA fees and an excellent management staff for both Home Owners’ Associations.

Emerald Lakes Townhome Stuart FL

Currently Available Homes and Town Homes in Emerald Lakes

Emerald Lakes Townhome Sold in Stuart FL

Palm City FL 34990 Condo Market Report June 2014

07.17.14 by

Palm City FL 34990 Condo Market Report June 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for June 2014

 

For June 2014 in the 34990 Zip Code area of Palm City, Florida :



There are currently 56 active condo listings. (Up by 4 condos from May)

Palm City FL 34990 Condo Market Report June 2014

 

5 Condo sales are pending and awaiting close or lender approval. (Decreased by 5 condos from last month)

Palm City FL 34990 Condo Market Report June 2014

 

3 Condos Sold in June. (Down by 1 condo from May)

Palm City FL 34990 Condo Market Report June 2014

 

A second very weak month for the Palm City FL 34990 condo real estate market.  The inventory rose while both pending and closed sales declined.  The Palm City condo market is quite small and inferences into the more general condo market should not be made.

The current absorption rate for condos in the 34990 zip code area rose to 18.7 months (was 13 months in May).   A strong buyers market.  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 June 2012 numbers were: 54 active listings, 14 pending sales and 8 closed sales.   Much better activity in 2013.  Hopefully, this segment of the Martin County FL real estate market will strengthen soon.
 
Palm City FL 34990 Condo Market Report June 2014
 

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Palm City FL 34990 Condo Market Report June 2014

Palm City FL 34990 Residential Market Report June 2014

07.16.14 by

Palm City FL 34990 Residential Market Report June 2014

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for June 2014

 

For May 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 444 active listings (An increase of 8 homes from May)

Palm City FL 34990 Residential Market Report June 2014

 153 Residential sales are pending and awaiting close or lender approval. (Decreased by 22 homes from last month)

Palm City FL 34990 Residential Market Report June 2014

94 Homes Sold in May (Up by 22 homes from May)

Palm City FL 34990 Residential Market Report June 2014

     A good strong June for closed sales in the Palm City FL 34990 residential real estate market.   Unfortunately pending sales were off, a potential warning for weaker future sales.  The inventory remained strong with a small increase.
 
     The current absorption rate decreased to 4.7 months from 6.1 months in May, putting the Palm City residential real estate market back into a sellers market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

     The June 2012 numbers were:  382 active listings, 162 pending sales and 69 closed sales.  Considerably grater closed activity this year, but weaker pending sales figures.

Palm City FL 34990 Residential Market Report June 2014

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Palm City, FL Real Estate

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Palm City FL 34990 Residential Market Report June 2014

Port St Lucie Pool Home Reduced Again

07.16.14 by

Port St Lucie Pool Home Reduced Again

 

Port St Lucie Pool Home

This Port St. Lucie Pool Home on a cul-de-sac with private preserve views has been reduced to a new price of $196,900.

Port St Lucie Pool Home

Well maintained home with convenient location. Newer windows and both baths remodeled. Kitchen has newer cabinets and pass through window to pool. Tile is set on a diagonal and brick pavers leading up to the front door. The yard is fenced. Cute house on the cul-de-sac that backs up to the preserve for lots of privacy.

Port St Lucie Pool Home

Port St. Lucie has been ranked as one of the cleanest, safest and fastest-growing cities in the United States . With that in mind, traditional neighborhoods are a popular choice in Port St. Lucie real estate. Ideal for growing families, traditional neighborhoods are made up of single-family homes—free-standing structures that share no walls with other homes. Port St. Lucie’s neighborhoods are conveniently located, with a large selection of restaurants, schools, banking, healthcare services, shopping and entertainment opportunities nearby.

Port St Lucie Pool Home

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Port St. Lucie Florida Real Estate presented by:
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Port St Lucie Pool Home Reduced Again

Stuart FL 34997 Condo Market Report June 2014

07.15.14 by

Stuart FL 34997 Condo Market Report June 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2014

 

For June 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 67 active condo listings (Down by 7 condos from May).

Stuart FL 34997 Condo Market Report June 2014

 

28 Condo sales are pending and awaiting close or lender approval (Down by 4 condos from May).

Stuart FL 34997 Condo Market Report June 2014

 

15 Condos Sold in June (Decreased by 13 condos from May).

Stuart FL 34997 Condo Market Report June 2014

 

A considerable easing of activity for the Stuart FL condo market for zip code 34997 in June of 2014.  If you read my previous market reports for this segment of the Martin County market, this was not unexpected as pending sales have been decreasing over the past few months and continued to do so in June.  Both closed sales as well as available inventory also continue to decrease.  Though, this is still a very active market.  It’s just that the super strong Spring activity is not sustainable for this area for the summer.

The one month absorption rate is now 4.7  months from last months 2.6.  Still in a sellers market.   A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The June 2012 numbers were: 77 active listings, 32 pending sales and 8 closed sales.  Continuing to be a better market tha last year and slowly getting back into a more sustainable activity level.

Stuart FL 34997 Condo Market Report June 2014

 
 
 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2014