Sewalls Point Residential Market Report November 2013

12.11.13 by

Sewalls Point Residential Market Report November 2013

Sewalls Point Real Estate Snapshot, Residential Sales for November 2013

 

There are currently 46 active listings (a decrease of 1 home for sale from October)Sewalls Point Residential Market Report November 2013

 

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

Sewalls Point Residential Market Report November 2013

1 Homes sold in October (Down by 4 homes from October) Sewalls Point Residential Market Report November 2013

The November Sewalls Point residential market activity was a bit disappointing.  Only 1 closed sale for November.  Inventory decreased by 1 home and pending sales were also low at 7 homes (unchanged from last month).  Hopefully, this is a result of the slower holiday time period and not an indication of future market activity.

The absorption rate skyrocketed to 46 months compared to last months 9.4 months.  A serious buyers’ market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to November of 2012, the inventory was 41 homes on the market, 10 pending sales and there were 8 closed sales.  Not a good sign as last years’ activity was considerably better than 2013.

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

Sewalls Point Residential Market Report November 2013

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Sewalls Point, FL Real Estate

Sewalls Point Florida Real Estate presented by:
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Sewalls Point Market Report – Residential, November 2013

 

December 2013 Market Report for Lost River Plantation Stuart, FL

12.10.13 by

December 2013 Market Report for Lost River Plantation Stuart, FL

As of December 2013, there are 12 available homes for sale in the Lost River Plantation community of Stuart, FL.  Prices range from $413,000 to $715,000 for an average price per sq. ft. of $203.95.  3 of these homes are short sales.

There are 5 homes under contract ranging in listing price from $479,900 to $659,900 for an average of $183.60 per sq. ft. of living area.   2 of these homes are short sales and two are conventional sales.  The last one is a new home product from Kolter Homes.

In the past 12 months, there have been 6 sales ranging in sales prices from $520,000 to $570,000 for an average sales price of $191.73 per sq. ft. of living area.  All of these sales were conventional sales with 3 of the homes new construction from Kolter Homes.

 Lost River Plantation in Stuart, Florida consists of 111 homes all with private docks and Ocean access via the South Fork of the Saint Lucie River.  All, but just a handful of the homes have waterfront and dockage located in the backyard.  Suitable for deep draft ocean going vessels with some docks able to accommodate over 50’ vessels.  All homes are of newer construction (from 2004 to the present).  There are a limited number of new homes not on the MLS available now or to be built, please call us for details.

This is a spectacular waterfront community with very private and protected waterfront areas.  There is a community marina with a clubhouse that offers a fitness center, kitchen and social rooms.  For those wishing to commute to pints north or south, Lost River is very conveniently located near the Interstate for easy access.  Yet, it’s only 10 to 20 minutes’ drive to the pristine beaches and  quaint downtown areas of Stuart, Florida.  Also close to shopping, restaurants as well as medical facilities.  Lost River Plantation is a tremendous opportunity for newer waterfront construction.  A rare gem in this real estate market!

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December 2013 Market Report for Lost River Plantation Stuart, FL

Martin County Florida Condo Market Report for October 2013

12.10.13 by

Martin County Florida Condo Market Report for October 2013

 

Commentary:

The Martin County Florida Condo Market for October 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 546 units (the second month in a row with gains).  It was back in 2005 when we had steady inventory levels below 600 units.  The median sales price decreased significantly in October to one of the lowest numbers in years.  This value is more a result of the mix of sales for October which were mostly in the lower price ranges, rather than a decrease in values.   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 decreased to 9.93 months from last months 10.04 months, while the three-month average is now at 9.81 months.  The condo market for Martin County continues to be a buyers market.  Generally an absorption rate of 6 or 7 months is considered a balanced market.

Potential 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.  Though, uncertainty with the economy is a big factor for vacation buyers potentially using their discretionary spending for these purchases.

Martin County Florida Condo Market Report for October 2013

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.Martin County Florida Condo Market Report for October 2013

Martin County Florida Condo Market Report for October 2013Martin County Florida Condo Market Report for October 2013

 

Data compiled from the Realtor Association of Martin County

Martin County Florida Condo Market Report for October 2013

the Gabe Sanders real estate team

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

For more information about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate


Martin County Florida Residential Market Report for October 2013

12.09.13 by

Martin County Florida Residential Market Report for October 2013

 

Commentary:

The Martin County Florida Residential Market for October 2013 continues to produce better results as compared to recent years.   For October 2013, the inventory rose again (the third month in a row) signifying that some pent up seller demand is now once again re-entering the market as prices continue to increase.  And for October 2013 there were some significant increases.  As the inventory increase, we should continue to see higher sales numbers from previous years, though the absorption rate will start to rise as well.

The one month absorption rate for October 2013 increased to 6.86 months (from 5.99 months in September), and the three-month average is now 5.93 months.  A 6 to 7 month absorption rate is considered to be a balanced market. After almost a full year of a sellers market we are now in a balanced market which is healthy for Stuart FL real estate.

Martin County Florida Residential Market Report for October 2013

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

  Clicking on the chart will produce 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.Martin County Florida Residential Market Report for October 2013

 Martin County Florida Residential Market Report for October 2013

Martin County Florida Residential Market Report for October 2013

Data compiled from the Realtor Association of Martin County

Martin County Florida Residential Market Report for October 2013

the Gabe Sanders real estate team

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

For more information about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate

Updated Cedar Pointe Condo Sold Full Price

12.08.13 by

Updated Cedar Pointe Condo Sold Full Price

2929 SE Ocean Blvd. Suite L-8 has sold for the full asking price of $45,000.  This is possibly the most updated one bedroom condo in Cedar Pointe as it was completely renovated in late 2012.  The new owner is thrilled and is moving in this weekend.

Front View of Updated Cedar Pointe Condo

 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.

Pool off Updated Cedar Pointe Condo

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.

Kitchen and Dining area of Updated Cedar Pointe CondoA

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.

Living area of Updated Cedar Pointe CondoA

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

Kitchen of Updated Cedar Pointe Condo

More pictures and information about this affordable Stuart Condo in Cedar Pointe

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Cedar Pointe Condos for Sale

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Updated Cedar Pointe Condo Sold Full Price

Palm Cove Golf and Yacht Club Open House December 8

12.07.13 by

Palm Cove Golf and Yacht Club Open House December 8

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, December 8 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 December 8

2013 Stuart Christmas Parade

12.06.13 by

2013 Stuart Christmas Parade

Come out to see the 2013 Stuart Christmas Parade on Friday Dec. 6th at  7PM. 

This year’s theme is  “Christmas Past, Present and Future: Celebrating 100 Years on the St. Lucie”

Best place to view the parade is on SE Ocean Blvd between Georgia Avenue and Monterey Road.

2013 Stuart Christmas Parade

December 2013 Market Update Westwood Country Estates Palm City

12.06.13 by

December 2013 Market Update Westwood Country Estates Palm City

As of December 2013, there are 4 homes on the market in Westwood Country Estates in Palm City, FL.  Listing prices range from $425,000 to $584,900 with an average of $192.63 per sq. ft. of living area.  None of these active listings are distressed sales.

There are no homes currently under contract (pending sales)

There have been 3 homes sold in the past 12 months in Westwood Country estates.  Sales prices ranged from $230,000 to $370,000 for an average of $111.26 per sq. ft. of living area.  One of these sales was a short sale and one was a bank owned foreclosure.

December 2013 Market Update Westwood Country Estates Palm City Florida

 

Westwood Country Estates in Palm City, FL  is a wide open, gorgeous community that features statuesque homes that are beautifully placed on oversized lots of ½ acre or more, that will give you and your family plenty of room to grow!  Wonderfully landscaped throughout, Westwood Country Estates will make you feel proud to come home to.  Every home is unique and there is sure to be one you will fall in love with!

Palm City is a great place to raise a family with its “A” rated schools and proximity to I-95 and Florida’s Turnpike which opens you to all the opportunities of both Martin County and it’s neighbors, just a short drive North or South!  Martin County has lots of recreational areas and opportunities to enjoy many opportunities outdoors with your family!

Westwood Country Estates Homes for Sale

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December 2013 Market Update Sewalls Landing

12.05.13 by

December 2013 Market Update Sewalls Landing

As of December 2013, there are no homes available for sale in Sewalls Landing.

Also, no homes currently under contract (pending sales)

In the past 12 months, 3 Sewalls Landing homes have sold.  Sales prices ranged from $520,000 to $605,000 for an average sales price of $160.52 per sq. ft. and at a 91% list to sales ratio.  One of these sales was a short sale.

 Sewalls Landing Jensen Beach FL

 Sewalls Landing is located at the northern tip of Sewalls Point, FL in Martin County.  Officially it is in Jensen Beach, but many residents of Sewalls landing consider themselves part of Sewalls Point.   Just across the street from the Dolphin Bar and Grill and within walking distance of marinas, boat ramps, Indian Riverside Park and much, much more.
Sewalls Landing Jensen Beach FLThis gated community consists of 51 home-sites (including 3 lots that are still vacant).  Homes in Sewalls Landing were built from 1992 to 2008 and are situated on generous sized lots from just under ½ acre to over ¾ of an acre.  Home sizes range from 2,000 to over 5,000 square feet of living areas.  Many homes feature 3 car garages.  Residents enjoy low HOA fees of $110 per month.
 
Sewalls Landing Jensen Beach FL

Children attend Felix Williams Elementary, Stuart Middle and Jensen Beach High Schools.  Easy access to the beaches as it’s just about equidistant from both the Stuart and Jensen Beach Causeways.  Close to shopping and medical facilities as well.  This is a much sought after community in Martin County, FL. 

 Sewalls Landing Jensen Beach FL
 

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December 2013 Market Update Sewalls Landing

October 2013 Monthly Market Detail St Lucie County Townhouses and Condos

12.04.13 by

October 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The October 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed  a second month drop from last years numbers.   Year to year closed sales were down by 12.7% (was down by 28.6% in September) while new sales under contract (new pending sales) decreased by 13.6% (was  down by 18% in September

Prices continued to rise however, year to year, with the median sales price up by 14.3% (up 12.6% in September) and the average sales price rose by 26% (was up by 14.6% in September).October 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The inventory of available townhouses and condos increased from last month to 835 units which is a decrease of 8% from last October.  Current supply of inventory is now 8.5 months (a 9.7% decrease from last year).   This segment of the market continues to be a buyers market and I anticipate some moderation in price increases in the coming months unless the sale volume picks up.

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

 

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

October 2013 Monthly Market Detail St Lucie County Townhouses and Condos

October 2013 Monthly Market Detail St Lucie County Single Family Homes

12.03.13 by

October 2013 Monthly Market Detail St Lucie County Single Family Homes

The October 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors has moderated in the past couple of months as compared to last years activity.   Closed sales were unchanged from last year  (in September they were up by 4.1%)  and new sales under contract (new pending sales) decreased by 6.9% (they were up by 12% last month).

Both median and average sales prices were up (year to year) by 29% and 24.6% respectively year to year. October 2013 Monthly Market Detail St Lucie County Single Family Homes

The inventory of active listings rose in October (from last month) to 2104 homes, still down by 8.1% from last year.  Current supply of inventory is only 4.9 months (a 18.3% decrease from last year).  For October 2013 this remains a strong sellers market in the St Lucie County area.  However with the significant rise in prices as well as increasing mortgage rates, the current trend appears to be leveling off as inventory also is starting to rebound.  I expect continued good activity for the Saint Lucie County single family market but I wouldn’t be surprised to see a moderation in the rising values.

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:
October 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.

October 2013 Monthly Market Detail St Lucie County Single Family Homes

December 2013 Market Update Cobblestone Country Club

12.03.13 by

 

December 2013 Market Update Cobblestone Country Club

There are currently 10 homes for sale in the Cobblestone Country Club of palm City, FL.  List prices range from $350,000 to 639,000 with an average asking price of $152.54 per sq. ft. of living area.  Only one short sale.

3 Homes are under contract and awaiting sale.  List prices were $450,000 and 499,000 for an average of $139.49 per sq. ft. of living area.   Two of these homes are short sales.

In the past 12 months, 9 homes have sold in the Cobblestone Country Club.  Sale prices ranged from $299,000 to $673,000 and the average sale price per sq. ft. of living area was $116,63.  There were 2 short sales and 3 bank owned foreclosures in this group of sales.

 

Cobblestone Country Club

December 2013 Market Update Cobblestone Country Club

Located just west of the center of Palm City, Cobblestone Country Club is a peaceful neighborhood of 512 acres with only 238 residences providing generous amounts of space around each home. This upscale community is adjacent to exit 110 on I-95 with easy access to all that Palm Beach County to the South and Orlando to the North, has to offer while enjoying the laid back low growth lifestyle, lower taxes and superior school systems that Martin County offers. Residents enjoy coming home to picturesque views of lakes, preserves and the 18-hole private Fox Golf Course in the Cobblestone Country Club. Homes in Cobblestone consist of new custom built homes and a selection of quality newer resales. 

December 2013 Market Update Cobblestone Country Club

December 2013 Market Update Cobblestone Country Club

Cobblestone Country Club Homes for Sale

Search for Martin County Real Estate

December 2013 Market Update Cobblestone Country Club

October 2013 Monthly Market Detail Martin County Townhouses and Condos

12.02.13 by

October 2013 Monthly Market Detail Martin County Townhouses and Condos

The October 2013 Monthly Market Detail Martin County Townhouses and Condos continues to showed some weakness of the year to year results.  After some surprisingly strong results from last month.  We are now well into our slower season, however we are comparing to last years results for the same period.   Year to year closed sales were up by 1.1% ( up by 36.2% in September) while new sales under contract (new pending sales) decreased by 36.2% (was down 8% in September).October 2013 Monthly Market Detail Martin County Townhouses and Condos

The median sales price increased by 1.3% (was up by 49.5% in September) while the average sales price rose by 10.7% (was up 30.6% in September) as compared to October of 2012.

The inventory of available townhouses and condos has increased slightly to 596 units from last month, while still a decrease of  21.1% from last October.  Current supply of inventory is only 5.9 months (a 33.9% 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:
October 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.

October 2013 Monthly Market Detail Martin County Townhouses and Condos

December 2013 Market Update Sandpebble Condo and Beach Club

12.02.13 by

December 2013 Market Update Sandpebble Condo and Beach Club

December 2013 Market Update for the Sandpebble Condo and Beach Club on Hutchinson Island in Stuart, Florida:

There are 6 active listings (2 river side and 4 ocean side).  Prices range from $249,000 to $389,000

There is 1 pending sale on the river side.  List price is $224,900.

In the past 12 months 12 condos have sold in Sandpebble.  7 river side and 5 on the ocean side.
River side sales were from $181,000 to $230,000 averaging $188 per square foot of living area.
On the ocean side the 5 sales were for $325,500 to $384,000 averaging $236 per square foot of living area.

Hutchinson Island Condos in Sandpebble, Stuart, Florida


On the beautiful and unspoiled portion of South Hutchinson Island lies one of the best kept secrets in Martin County.  Located on a pristine 37 acres that reaches from the Atlantic Ocean to the Indian River (Intracoastal Waterway).

Sandpebble Condos consist of 3 Ocean Front Buildings and 7 River Front buildings.  A total of 5 heated pools (3 river side and 2 ocean side), along with deep water docks for 66 vessels.    Docks are available to residents only on a first come first served basis and are available for lease at a very reasonable $1.50 per foot per month.

Hutchinson Island Condos in Sandpebble, Stuart, Florida


On the spacious grounds there is plenty of green space for outdoor activities, two hard court tennis courts and a fully equipped club house with kitchen and on-site management.  Both Oceanside and riverside sections are gated for secured entry only.  Residents have the use of both the river and Oceanside sections regardless of the location of their own units.

Hutchinson Island Condos in Sandpebble, Stuart, Florida

 

Construction of the Sandpebble complex began in 1982 and just recently all buildings were completely refurbished with metal roofs, Hardi-Plank replacement for exterior wood surfaces, complete concrete (re-bar) restoration, the installation of a bulkhead protecting and enhancing the river-side property and structures, updated landscaping and the painting of all the buildings.

For additional information and availability of Sandpebble Condominiums and other attractive Oceanfront Homes, Condos or Vacant Land, contact Gabe Sanders.

 

Search the MLS for Sandpebble Condos

December 2013 Market Update Sandpebble Condo and Beach Club

October 2013 Monthly Market Detail Martin County Single Family Homes

12.01.13 by

October 2013 Monthly Market Detail Martin County Single Family Homes

The October 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors showed slightly slower activity than in most previous months this year, though still much improved from last year.   Closed sales were up by 8.5% (was 58.5% in September) and new sales under contract (new pending sales) increased by 36.2% (24.1% in September).

The median sales price was up by 20.6% from last year while unfortunately the average declined by 30.5%.October 2013 Monthly Market Detail Martin County Single Family Homes

The inventory of available single family homes increased this month to 1242 units but this is still down by 4.2% from last October.  Current supply of inventory is only 6.7 months (a 18.9% decrease from last year).  We are now in a balanced market for residential sales in Martin County.  Considering that this is typically the slower season for Martin County, I’m expecting a return to a sellers market once the holiday season is over.

Please look at the full Martin County single family market detail by clicking on the links below:

 

Click here to view or download the full report:
October 2013 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.

October 2013 Monthly Market Detail Martin County Single Family Homes

October 2013 Monthly Market Detail Florida Townhouses and Condos

11.30.13 by

October 2013 Monthly Market Detail Florida Townhouses and Condos

The October 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida continues to show gains though not as robust as they were earlier in the year.  Year to year closed sales were up by 3.1% as compared to last months increase of 11.4% and new sales under contract (new pending sales) decreased by 3.6% (September’s increase was 4.6%).October 2013 Monthly Market Detail Florida Townhouses and Condos

Both median and average sales prices were up (year to year) by 22.1% and 12% respectively.

One item of concern is the active inventory which has decreased again (though slightly), for October by .09%.  The reduced inventory will eventually result 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.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

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:
October 2013 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.

October 2013 Monthly Market Detail Florida Townhouses and Condos

October 2013 Monthly Market Detail Florida Single Family Homes

11.29.13 by

October 2013 Monthly Market Detail Florida Single Family Homes

The Florida real estate market continues to improve as reported by Florida Realtors for the October 2013 Monthly Market Detail Florida Single Family Homes, though at not quite as great a rate as in past months.  All indices have once again moved in a positive direction.  Year to year closed sales were up by 6.5% (was 18.8% in September) and new sales under contract (new pending sales) increased by 3.4% (was 10.5% in September).October 2013 Monthly Market Detail Florida Single Family Homes

Both median and average sales prices were up (October 2012 to October 2013) by 16.6% and 12.6% respectively.   Very strong numbers that I expect will moderate in the next few months unless the overall state economy shows some improvements as well.

The inventory of available homes for sale increased by 3.3% from last year.  This is the first month in some time that we’ve seen an increase in inventory.  I’ve been expecting this, and as inventory increases the pressure on rising prices will ease as well.  Making the double digit gains of this past year a little more difficult to sustain.

Please look at the full detail report for the rest of the story:

Click here to view or download the full report:
October 2013 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.

October 2013 Monthly Market Detail Florida Single Family Homes

Ocean View Condo on Hutchinson Island Sold

11.28.13 by

Ocean View Condo on Hutchinson Island Sold

Just in time for Thanksgiving, the lucky new owners of Ocean View Condo Unit E-302 have closed and are ready to enjoy the warm waters of the Atlantic ocean with their fabulous winter get-away.  This condo sold for $255,00.

 Aerial view of Ocean View Condo on Hutchinson Island

OCEAN VIEW – 3rd floor, completely furnished with both Ocean and Intracoastal views.  Features include:  new sliding glass doors, new windows to be installed (June 2013), new railing with screen on balcony, plantation shutters, raised panel white cabinets in kitchen, washer/dryer and under building parking .  Community amenities include: BBQ Grill, clubhouse with kitchen, riverside pool, Oceanside pool, tennis court and beach access.   Concrete restoration is completed on this building.  All sizes, taxes and HOA are approximate.

 Ocean View Condo on Hutchinson Island

Located on the unspoiled Barrier Island of Hutchinson Island in Jensen Beach, Florida in Martin County, the Ocean View Condominium complex consists  is a complex of five separate condominium buildings. Two of which are on the ocean and the remaining three on the Intracoastal waterway.  Amenities include heated pools, docks available for sale or lease as well as tennis.  All conveniently located between the Stuart and Jensen beach Causeways in beautiful Martin County, FL

 Ocean View Condo on Hutchinson Island

 
 

Beach of Ocean View Condo on Hutchinson IslandDocks of Ocean View Condo on Hutchinson Island

 

 Search for all Ocean View Condos on Hutchinson Island


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Hutchinson Island Florida Real Estate is presented by:
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Have a Happy Thanksgiving

11.27.13 by

Happy Thanksgiving

Hobe Sound Florida Market Report ZIP Code 33455 Condo October 2013

11.27.13 by

Hobe Sound Florida Market Report ZIP Code 33455 Condo October 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for September 2013

 

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

 

There are currently 15 active condo listings. (Up by 1 condos from September)

Hobe Sound Florida Market Report ZIP Code 33455 Condo October 2013

 

4 Condo sales are pending and awaiting close or lender approval. (Up by 1 condo from September)
Hobe Sound Florida Market Report ZIP Code 33455 Condo October 2013

 

1 Condos sold in September (Decreased by 4 condos from September)

Hobe Sound Florida Market Report ZIP Code 33455 Condo October 2013

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  For October, there was little change in the market, but unfortunately closed sales dropped to only 1 unit.

The absorption rate for October jumped to 15 moths from last months sellers market of 2.8 months.  Back to a strong buyers advantage for those in the Hobe Sound condo market..  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.  These 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 October 2012 numbers were:  29 active listings, 7 pending sales and 2 closed sales.   With only half of last years inventory, it’s difficult to generate any good market activity for Hobe Sound condos.

 

Please use the charts below as reference only as they rely on all residential types of property in the 33455 real estate market:

 Hobe Sound Florida Market Report ZIP Code 33455 Condo October 2013

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Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound Florida Market Report ZIP Code 33455 Condo October 2013