Stuart Florida Market Report ZIP Code 34994 Condo, October 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for October 2013

For October, 2013 in the 34994 Zip Code area of Stuart, Florida :

There are currently 121 active condo listings (Increased by 2 condos from September).

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

14Condos Sold in October (Decreased by 1 condo from September).

For the summer season in the Stuart Condo market for zip code 34994 both pending and closed sales were down again for October. The inventory grew for a second month in a row by 2 condos. Not unexpected results as the condo market in Martin County is very seasonably dependent, though other segments of the Stuart condo market have had better activity. We are now awaiting the ‘snowbirds’ to return and to see how they feel about buying in our market.

The one month absorption rate rose to 8.6 months compared to last months 7.9. Back into a more pronounced buyer’s market. Typically a real estate market is considered to be a balanced market with an absorption rate of 6 months. Meaning neither the buyers or sellers have an advantage in the real estate market.

Last October the numbers were 143 active listings, 45 pending sales, and 13 closed sales. When the reduced inventory is accounted for, the real estate market for condos in the 34994 zip code area of Stuart is still out-performing October 2012 activity.

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:

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Stuart Florida Market Report ZIP Code 34994 – Condo, October 2013

Stuart Florida Market Report ZIP Code 34994 Residential October 2013

11.20.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential October 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for October 2013

For October, 2013 in the 34994 Zip Code area of Stuart, Florida :

There are currently 62 active listings (Down 12 from September)

48 Residential sales are pending and awaiting close or lender approval (Up 12 homes from September).

8 Homes Sold in September (Decreased by 1 home from September)

The 34994 ZIP code area of the Stuart, Florida had mixed activity for October. The inventory of available homes is now only 50 homes, which is very low. Pending sales had a nice jump and closed sales were off by 1 home.

The one month absorption rate for the 34994 zip code for October decreased to 6.3 months from last months 6.9 months. Basically a balanced market. A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The October 2012 numbers were 67 Active Listings, 33 pending sales and 9 closed sales. With a considerably lower inventory, the 34994 section of Stuart is doing better as compared to last year, significantly in the pending sales numbers.

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential October 2013

Stuart Florida Market Report ZIP Code 34996 Condo October 2013

11.19.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34996 Condo October 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for October 2013

For October 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 171 active condo listings (Down 5 condos from last month).

32 Condo sales are pending and awaiting close or lender approval (Decreased by 3 condos from September).

22 Condos Sold in October (Up by 5 from September)

A steady real estate market for the Stuart Florida Market Report ZIP Code 34996 for Condos for October 2013. Sales were up and pending sales continue to be strong (even if off by a little this month). The inventory decreased again making fewer available condos for sale for buyers that are looking.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo decreased to 7.8 months from September’s 10.4. Still a buyers market for October of 2013, but very close to being balanced. A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for October 2012 were: 194 active listings, 26 pending sales and 17 closed sales. We continue to outperform last years activity levels.

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:

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Stuart Florida Market Report ZIP Code 34996 Condo October 2013

Stuart Florida Market Report ZIP Code 34996 Residential October 2013

11.18.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34996 Residential October 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for October 2013

For October, 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 129 active listings (Decreased by 11 homes from September).

27 Residential sales are pending and awaiting close or lender approval (Increased by 11 homes from September).

13 Homes Sold in October (No change from September).

After a very soft September for the 34996 zip code area of Stuart Florida real estate market, activity for October picked up quite well. Though a bit surprising as the trend for most of our areas was a little light for October. Pending sales rebounded from September, while closed sales remained steady. The inventory, which took a nice jump in September, once again decreased this October.

The one month absorption rate for the 34996 zip code area of Stuart Florida for October decreased to 9.9 months as compared to September’s 10.8 months. 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 month absorption rate.

The numbers for October of 2012 were: 157 active listings, 33 pending sales and 12 closed sales. Slightly improved market as compared to last year.

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:

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Stuart Florida Market Report ZIP Code 34996 Residential October 2013

Palm Cove Golf and Yacht Club Open House November 17

11.17.13 by Gabe Sanders

Palm Cove Golf and Yacht Club Open House November 17

Come and join us in this Palm Cove Golf and Yacht Club custom pool home in this prestigious Palm City, Florida Golf and Yachting community. The open house will be on Sunday, November 17 from 1 to 4 PM.

This Palm Cove Golf and Yacht Club Custom Home at 209 SW Hatteras Court is listed for $535,000.

Spacious Home in Palm Cove with over 3600 sq. ft. of living area.

Live the good life in Palm Cove. Community marina, non-equity golf & river front clubhouse. Outstanding custom home built by McNamara, updated by current owner. Innovative design & attention to detail will captivate you. Large entry hall, formal dining room, wood paneled office/4th bdrm, bath. Open living room w/ wet bar, fireplace, hardwood floors, tray ceiling, recessed lights. French doors to screened pool. covered lanai. Gourmet kitchen w/ stainless appliances, marble counters, pantry, center island. Two guest suites with baths.Over sized master includes large sitting area, tray ceiling, two walk in closets. Elegant marble master bath, double vanities. New roof, gutters, AC. Come and see this very special Palm Cove Golf and Yacht Club home.

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Palm Cove Golf and Yacht Club Open House November 17

Rocky Point Home Price Reduced and Open House

11.15.13 by Gabe Sanders

Rocky Point Home Price Reduced and Open House

Join us on Sunday, November 17 from 1 to 4 PM at 5695 SE Matousek St. in Rocky Point, Stuart, FL for an open house. Get a first hand look at this totally remodeled home with easy access to fishing and boating just off the Saint Lucie Inlet.

The price has been reduced to $349,900. Sellers are motivated and requesting offers.

An amazing opportunity in Rocky Point Estates. This two story Key West style pool homes has seen a total makeover in the past few years. The second floor is a spacious 2 BR, 1 BA, space with a full country kitchen, living and dining areas and laundry room. There’s a 360 degree covered wrap around porch to enjoy the cool ocean breezes year round. Floors are Dade County Pine. The living room has a Vermont Casting wood stove for those rare winter days when a little warmth may be required. A newer 30 year metal roof (2005). The attic, trusses, decks and staircase are all Cypress (which is no longer available for home construction). This structure is supported by reinforced poured concrete.

The CBS first floor has been recently updated. Boasting a great room concept with 1 BR and 1 Bath and new kitchen with granite counters and stainless appliances. Spacious bathroom with Carrera marble. Perfect for the extended family needing two living spaces or a possible income producing apartment. Only steps away from the Rocky Point Estates marina and boat ramp. As of this writing docks are available for sale or lease. Please call for an extensive list of features and updates for this home.

Living area of Rocky Point Pool Home

There’s a gas heated pool and spa on the perfectly manicured grounds. Two driveways. Backup generator that will power both levels. Security system. Attached car port that can easily be enclosed to a garage.

Rocky Point Estates is a boating community with a marina and boat ramp that is only minutes from the crystal clear waters of the Atlantic. A mecca for fisherman from the world over. There’s also a large picnic area with a covered portico as well as fishing piers with cleaning stations. All only steps from this home. Docks are available to purchase and lease for only the residents and members of the Rocky Point Estates Homeowners Association. HOA fees are a minimal $75.00 per year.

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Rocky Point Home Price Reduced and Open House

Stuart Florida Market Report ZIP Code 34997 Condo October 2013

11.14.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34997 Condo October 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2013

For October 2013 in the 34997 Zip Code area of Stuart, Florida :

There are currently 91 active condo listings (Increased by 15 condos form September).

17 Condo sales are pending and awaiting close or lender approval (Down by 9 condos from September).

19 Condos Sold in October (Increased by 12 condos from September).

The activity for the Stuart condo market for the area in ZIP code 34997 showed some very mixed results for the month of October. Pending sales were off considerably while closed sales increased significantly. Also, interestingly the inventory took a nice jump.

The one month absorption rate dropped to 4.8 months from last months 10.9. Back into a strong sellers market. A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller. Though with reduced pendings numbers this may swing back to a buyers market again soon.

The October 2012 numbers were: 99 active listings, 21 pending sales and 6 closed sales. Much better closed activity this year.

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

Stuart Florida Market Report ZIP Code 34997 Condo October 2013

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2013

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

11.13.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2013

There are currently 381 active listings (Increased by 25 homes from September).

171 Residential sales are pending and awaiting close or lender approval (A decrease of 4 homes from September).

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

62 Homes Sold in October (Down by 8 homes from September)

The Stuart Florida Market Report ZIP Code 34997 showed some moderation as we approach the slower holiday season. The inventory rose for the third month in a row, unlike many other areas of Martin County. Both sales and pending sales decreased for October.

The current one month absorption rate rose to 6.15 months making this segment of the Stuart residential market a balanced one (up from last months 5.1 month absorption rate). Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.

The 2012 numbers were: 360 active listings, 189 pending listings and 51 closed sales. Better activity as compared to last October. Interestingly with an increase in inventory.

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

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Stuart Florida Market Report ZIP Code 34997 Residential October 2013

Sewalls Point Residential Market Report October 2013

11.12.13 by Gabe Sanders

Sewalls Point Residential Market Report October 2013

Sewalls Point Real Estate Snapshot, Residential Sales for October 2013

There are currently 47 active listings (a decrease of 2 homes for sale from September)

7 Residential sales are pending and awaiting close or lender approval (No change from last month)

5 Homes sold in September (Up by 3 homes from September)

After a disappointing September, a little increased activity for October for the Sewalls Point residential market activity. Sales increased to 5 homes (up from only two for September). Pending sales remained unchanged, and not particularly good. Inventory decreased by two homes. The holiday season will soon be here which typically results in less foot traffic, but often some good sales numbers.

The absorption rate dropped to 9.4 months after last months atrocious 24.5 months. Still a buyer’s market. A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to October of 2012, the inventory was 47 homes on the market, 17 pending sales and there were 7 closed sales. Unfortunately, for Sewalls Point, 2013 is well under performing from last years numbers.

Please use the charts below as reference only as they rely on all residential types of property in the Sewalls Point real estate market:

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Sewalls Point Market Report – Residential, October 2013

An Other Island Dunes Oceanside Condo Unit 301 Sold

11.12.13 by Gabe Sanders

An Other Island Dunes Oceanside Condo Unit 301 Sold

Unit 301 in fabulous An Other Island Dunes Oceanside (8880 S Ocean Drive, Jensen beach, FL 34957) is now Sold!

This is a tropical paradise. This end unit is a visual tropical delight with magnificent view ocean, pool and manicured grounds. Inside you will be delighted with beautiful updated kitchen and magnificent baths with granite. This unit is for the person who wants to take in the beautiful surroundings and live in luxury. A must see. Move in ready.

Located on the unspoiled Barrier Island of Hutchinson Island in Jensen Beach, Florida in Saint Lucie County is a complex of five separate condominium buildings with a common thread. All of these units belong to the An Other Island Dunes Country Club. This unique arrangement offers golf, tennis and a deep water marina, just steps from your condo without having to travel to the mainland. The five buildings from North to South are the An Other Island Dunes Oceanside I & II, the Admiral, the Regency An Other Island Dunes and the Regency An Other Island Dunes Two. All of these buildings are Oceanside affording easy access to the crystal clear blue waters of the Atlantic Ocean. There’s a wide variety of condos available ranging from 1 Bedroom to spectacular 3 Bedroom Penthouse suites.

The An Other Island Dunes Country Club offers a challenging nine hole golf course golf course on the on the banks of the wide Indian River, championship tennis club , a pro shop, a deep water marina and one of the fine dining in the onsite restaurant area which is open to the public.

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River Vista Condo Under Contract

11.11.13 by Gabe Sanders

River Vista Condo Under Contract

Discover this rare opportunity to own at River Vista in Jensen Beach. Recently updated 2/2 with split floor plan, room for a washer and dryer in unit. Community offers pool, laundry room, elevator and is within walking distance of public boat launch, sailing center, Indian Riverside Park and Children’s Museum. Ready for immediate occupancy.

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River Vista Condo Under Contract

November 2013 Market Update High Point Sewalls Point

11.09.13 by Gabe Sanders

November 2013 Market Update High Point Sewalls Point

As of November 2013, there are 5 homes available for sale on High Point and High Point Isle in Sewalls Point, FL. Listing prices range from $399,000 to $3,950,000. The average price per square foot of living area is $367.01 There are no short sales or foreclosures in the available listings.

There is one High Point home under contract and awaiting close. The list price is $1,399,000 or $336.06 per sq. ft. of living area.

In the past 12 months, 4 High Point homes have sold. Sales prices ranged from $745,000 to $1,600,000 for an average sales price of $319.06 per sq. ft. and an 87% list to sales ratio. None of these homes were distressed properties.

Located on the southern tip of Sewalls Point, High Point and High Point Isles is an oasis of beautiful homes on high elevation lots yet just minutes away from the clear blue waters of the Atlantic ocean.

High Point Isles is the eastern section of the High Point peninsula and consists of all waterfront homes in the intracoastal waterway and within sight of the Saint Lucie Inlet for access to the Atlantic. Ringing the south and west circumference of High Point are additional waterfront estates with deep water, high elevation and spectacular views of the Saint Lucie and Indian Rivers.

The first home in High Point was built in 1963 and homes continue to be built as well as extensively renovated to this day. There are both deep water estate sized lots (of over 2.5 acres) to interior lots of 1/3 of an acre.

Home sizes range from 2 bedroom, 2 bathroom cottages of 1,700 sq. ft. to estates of close to 14,000 sq. ft. of living area with 7 bedrooms and 9 bathrooms.

There are no HOA fees in High Point and High Point Isles as this community is part of the town of Sewalls Point. A wonderful community close to the beaches, waterways and many excellent amenities offered in Martin County, FL.

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November 2013 Market Update High Point Sewalls Point

Copperleaf 4 BR Home Open House Nov 10

11.08.13 by Gabe Sanders

Copperleaf 4 BR Home Open House Nov 10

Join us on Sunday, November 10 from 1 to 4 PM in Copperleaf. One of Palm City’s newest gated communities to view this recently available 4 Bedroom, 3 Bathroom home with a 3 car garage at a very aggressive price. $350,000

This Newer Copperleaf Home in Palm City is now available for $350,000.

Newer (2010) CBS home. Foyer entry leads to formal living & dining rooms with tile on a diagonal, wood floors in all 4 bedrooms. A triple split floor plan allows privacy for all. Over-sized kitchen has wood cabinets, stainless steel appliances with wine cooler, granite counter tops, large eating bar & a cozy breakfast area which overlooks a spacious family room. Master suite features shower, tub & dual sinks, granite and walk-in closet. Home has a 3 car garage. This guard gated community offers 2 lighted tennis courts, resort style heated swimming pool, stunning clubhouse with fitness center, play ground for the little ones. Convenient to shopping, medical facilities, turnpike and I-95.

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Copperleaf 4 BR Home Open House Nov 10

Martin County Florida Condo Market Report for September 2013

11.07.13 by Gabe Sanders

Martin County Florida Condo Market Report for September 2013

Commentary:

The Martin County Florida Condo Market for September 2013 showed better numbers than in previous years on a year to year comparison. Still a bit slower than we would like. Inventory increased this month to 532 units (Inventory has been up and down the past few months with no real trend at this time). It was back in 2005 when we had steady inventory levels below 600 units. The median sales price increased in September and continues to be well above last year’s values. Much of the median price results are driven by the mix of units selling. Currently, prices on average appear to be holding steady with different communities showing some small gains (as well as some losses) depending on the individual community.

The one month absorption rate increased to 10.04 months from last months 9.46 months, while the three-month average is now at 9.45 months. We’ve slipped back into a buyers market for martin County condos. Generally an absorption rate of 6 or 7 months is considered a balanced market.

Higher interest rates remain troubling for the market in general, but is not as strong an issue for our condo market as we have a fairly high percentage of cash buyers. If the economy continues it’s improvement, I expect another good season for the condo market in Martin County for the upcoming season.

Click on the charts for a larger view:

The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

Data compiled from the Realtor Association of Martin County

Martin County Florida Condo Market Report for September 2013

the Gabe Sanders real estate team

Condo Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

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Stuart Florida Real Estate

Martin County Florida Residential Market Report for September 2013

11.06.13 by Gabe Sanders

Martin County Florida Residential Market Report for September 2013

Commentary:

The Martin County Florida Residential Market for September 2013 continues to produce better results as compared to recent years. For September 2013, the inventory rose for the second month in a row signifying that some pent up seller demand is now once again re-entering the market as prices have started to increase. Though for September both median and average prices slid some, but this was more an indication of lower priced homes dominating sales for the previous month.

The one month absorption rate for September 2013 increased to 5.99 months (from 5.11 months in August), and the three-month average is now 5.4 months. A 6 month absorption rate is considered to be a balanced market, so we continue to be in a sellers market in Martin County. Considering the fact that we have entered our slower season, we continue to have better activity as compared to previous years.

Our overall market remains quite healthy as compared to previous years since the ‘bubble’. The unknowns for the future remain our economy for the nation as a whole.

Please feel free to contact us if you have any difficulty interpreting these charts.

Clicking on the chart will produce a larger view.

Data compiled from the Realtor Association of Martin County

Martin County Florida Residential Market Report for September 2013

the Gabe Sanders real estate team

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

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Cedar Pointe Condo in Stuart FL Under Contract

11.05.13 by Gabe Sanders

Cedar Pointe Condo in Stuart FL Under Contract

2929 SE Ocean Blvd. Suite L-8 is now under contract pending inspections. This is possibly the most updated one bedroom condo in Cedar Pointe as it was completely rennovated in late 2012.

Cedar Pointe is an active adult community of 62, 2 story buildings divided into 8 villages with numerous clubhouses and pools as well as recreational areas. One of the prime locations in the city of Stuart only minutes away from the pristine beaches of the Atlantic Ocean and close to shopping, restaurants and medical facilities.

It is currently a very attractive time to consider buying a Cedar Pointe Condo as prices have returned to pre 2003 levels and with low-interest rates, these Sunshine State condos are ready for those wishing to move here full-time or looking for an affordable winter home.

A totally updated and renovated 2nd floor Cedar Pointe 1 BR, 1 BA condo. Tastefully re-done in 2012 with the highest quality workmanship and materials. A sample of the major updates include a new kitchen with new appliances and cabinets, new spacious bathroom, walnut hardwood floors in living areas and new tile in kitchen and bathroom, plantation shutters over the new hurricane impact glass windows, faucets, shelving, ceilings and more. All of this in an excellent location that’s just steps from shopping, restaurants and medical facilities. Just a few minutes ride from the pristine beaches of Stuart or the quaint downtown area. Cedar Pointe is a 55+ community with numerous clubhouses and pools. This unit allows one indoor cat with director approval.

View additional pictures of this Affordable Stuart Condo in Cedar Pointe.

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Cedar Pointe Condo in Stuart FL Under Contract

September 2013 Monthly Market Detail St Lucie County Townhouses and Condos

11.05.13 by Gabe Sanders

September 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The September 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed an unexpected drop from last years numbers. Year to year closed sales were down by 28.6% (was down by4% in August) while new sales under contract (new pending sales) decreased by 18% (was up by 4.9% in August

Prices continued to rise however, year to year, with the median sales price up by 12.6% (up 69.4% in August) and the average sales price rose by 14.6% (was up by 38.2% in August).

The inventory of available townhouses and condos decreased from last month to 785 units which is a decrease of 18.1% from last September. Current supply of inventory is now 7.9 months (a 22.9% decrease from last year). This is the only segment of the Treasure Coast real estate market to show a decrease of closed sales (year to year). The townhouse and condo markets are much more seasonally affected as more buyers in this segment tend to be ‘snowbirds’ and we may continue with weak results for the next few months.

Please see the entire Saint Lucie County townhouse and condo market detail by clicking the links below:

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September 2013 Monthly Market Detail St Lucie County 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.

September 2013 Monthly Market Detail St Lucie County Townhouses and Condos

November 2013 Market Update Circle Bay Waterfront Condos Stuart FL

11.04.13 by Gabe Sanders

November 2013 Market Update Circle Bay Waterfront Condos Stuart FL

As of November 2013, there are 22 condos on the market in the Circle Bay Yacht Club of Stuart FL. Listing prices range from $96,900 to $259,000. The average price per square foot of living area is $164.98 There are no short sales or foreclosures in the available listings.

There is one Circle bay condo under contract and awaiting close. The list price is $159,000 or $158.84 per sq. ft. of living area.

In the past 12 months, 15 Circle Bay Waterfront Condos have sold. Sales prices ranged from $77,500 to $155,000 for an average sales price of $112.17 per sq. ft. and a 90% list to sales ratio. There was 1 bank owned foreclosure included in these sales and no short sales.

Waterfront 55+ condo community with docks (for boats up to 36′) that have easy wide river and ocean access. Docks are not deeded, rather rented at reasonable monthly rates. Heated pools, clubhouse, grills, etc. are some of the numerous amenities available for residents of the Circle Bay Yacht Club. Rentals are permitted with restrictions. Sorry, no pets. Circle Bay has both elevator and non-elevator buildings. Covered car ports.

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Circle Bay Waterfront Condos Homes for Sale in Palm City Florida

November 2013 Market Update Circle Bay Waterfront Condos Stuart FL

September 2013 Monthly Market Detail St Lucie County Single Family Homes

11.04.13 by Gabe Sanders

September 2013 Monthly Market Detail St Lucie County Single Family Homes

The September 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues the positive trend that has been apparent all this year, though at a more moderate rate for the past few months. Closed sales were up by 4.1% (in August they were up by 3.5%) and new sales under contract (new pending sales) increased by 12% (they were up by 17.8% last month).

Both median and average sales prices were up (year to year) by 14.2% and 15% respectively year to year.

The inventory of active listings rose in September (from last month) to 1947 homes, still down by 24.1% from last year. Current supply of inventory is only 4.5 months (a 33.6% decrease from last year) and unchanged from August. For September 2013 this remains a strong sellers market in the St Lucie County area. Lower inventory typically results in lower sales volume as there just isn’t enough homes available for sale. This will also result in strong upward pressure on prices and at some point renewed activity in new construction. Prices have been rising because of the shortage of inventory and the slow recovery of the market.

Please click on the links below to read the full Saint Lucie County single family market detail:

Click here to view or download the full report:
September 2013 Monthly Market Detail St Lucie 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.

September 2013 Monthly Market Detail St Lucie County Single Family Homes

September 2013 Monthly Market Detail Martin County Townhouses and Condos

11.03.13 by Gabe Sanders

September 2013 Monthly Market Detail Martin County Townhouses and Condos

The September 2013 Monthly Market Detail Martin County Townhouses and Condos continues to show positive year to year results. Though the gains for September were surprisingly strong as compared to August of 2013, though we are entering into our slower season. Year to year closed sales were up by 36.2% ( up by 1.3% in August) while new sales under contract (new pending sales) decreased by 8% (was up 4.9% in August).

The median sales price increased by 49.5% (was up by 16.3% in August) while the average sales price rose by 30.6% (was up 13.4% in August) as compared to September of 2012.

The inventory of available townhouses and condos has increased slightly to 560 units from last month, while still a decrease of 29.8% from last September. Current supply of inventory is only 5.6 months (a 41.9% decrease from last year). For the Martin County townhouse and condo market we have transitioned into numerous months of a seller’s market. This is exerting significant pressure into rising values for this segment of the real estate market.

Click here to view or download the full report:
September 2013 Monthly Market Detail Martin County 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.

772-888-2885

Stuart Florida Market Report ZIP Code 34994 Condo, October 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for October 2013

Stuart Florida Market Report ZIP Code 34994 – Condo, October 2013

Stuart Florida Market Report ZIP Code 34994 Residential October 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for October 2013

Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential October 2013

Stuart Florida Market Report ZIP Code 34996 Condo October 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for October 2013

Stuart Florida Market Report ZIP Code 34996 Condo October 2013

Stuart Florida Market Report ZIP Code 34996 Residential October 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for October 2013

Stuart Florida Market Report ZIP Code 34996 Residential October 2013

Palm Cove Golf and Yacht Club Open House November 17

This Palm Cove Golf and Yacht Club Custom Home at 209 SW Hatteras Court is listed for $535,000.

Palm Cove Golf and Yacht Club Open House November 17

Rocky Point Home Price Reduced and Open House

Rocky Point Home Price Reduced and Open House

Stuart Florida Market Report ZIP Code 34997 Condo October 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2013

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2013

Stuart, FL Real Estate

Rental Properties

Condominium Properties

Vacant Land Properties

Commercial Properties

Residential Properties

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

Sewalls Point, FL Real Estate

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Sewalls Point Market Report – Residential, October 2013

An Other Island Dunes Oceanside Condo Unit 301 Sold

Unit 301 in fabulous An Other Island Dunes Oceanside (8880 S Ocean Drive, Jensen beach, FL 34957) is now Sold!

River Vista Condo Under Contract

River Vista Condo Under Contract

November 2013 Market Update High Point Sewalls Point

November 2013 Market Update High Point Sewalls Point

Copperleaf 4 BR Home Open House Nov 10

Copperleaf 4 BR Home Open House Nov 10

Martin County Florida Condo Market Report for September 2013

Martin County Florida Residential Market Report for September 2013

Cedar Pointe Condo in Stuart FL Under Contract

Cedar Pointe Condo in Stuart FL Under Contract

September 2013 Monthly Market Detail St Lucie County Townhouses and Condos

September 2013 Monthly Market Detail St Lucie County Townhouses and Condos

November 2013 Market Update Circle Bay Waterfront Condos Stuart FL

September 2013 Monthly Market Detail St Lucie County Single Family Homes

September 2013 Monthly Market Detail St Lucie County Single Family Homes

September 2013 Monthly Market Detail Martin County Townhouses and Condos

September 2013 Monthly Market Detail Martin County Townhouses and Condos

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