Martin County Florida Residential Market Report for September 2013

11.06.13 by

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.Martin County Florida Residential Market Report for September 2013

  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 September 2013

 

Martin County Florida Residential Market Report for September 2013

Martin County Florida Residential Market Report for September 2013

 

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

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

Stuart Florida Real Estate

Cedar Pointe Condo in Stuart FL Under Contract

11.05.13 by

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.

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 Condo in Stuart FL Under Contract

September 2013 Monthly Market Detail St Lucie County Townhouses and Condos

11.05.13 by

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.September 2013 Market Detail for Saint Lucie County Townhouses and Condos

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:
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

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.

Circle bay Yacht Club Stuart FL Circle bay Yacht Club Stuart FLWaterfront 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.

Circle bay Yacht Club Stuart FL Circle bay Yacht Club Stuart FL

 Search here for:

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

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.September 2013 Market Detail for Saint Lucie County Single Family

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

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.September 2013 Market Detail for Martin County Townhouses and Condos

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.

September 2013 Monthly Market Detail Martin County Townhouses and Condos

September 2013 Monthly Market Detail Martin County Single Family Homes

11.02.13 by

September 2013 Monthly Market Detail Martin County Single Family Homes

Positive reports for the September 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors.  Surprisingly strong results compared to many other areas of the state for September.   Closed sales were up by 58.5% (was 9.1% in August) and new sales under contract (new pending sales) increased by 24.1% (35.2% in August).

Both the median and average sales prices (year to year) increased this month by percentages of 35% and 21.9% respectively.

The inventory of available single family homes increased this month to 1216 units but this is still down by 9.3% from last September.  Current supply of inventory is only 6.6 months (a 24.5% 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.September 2013 Market Detail for Martin County Single Family

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:
September 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.

September 2013 Monthly Market Detail Martin County Single Family Homes

Palm Cove Golf and Yacht Club Open House November 3

11.01.13 by

Palm Cove Golf and Yacht Club Open House November 3

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 3 from 1 to 4 PM.

This Palm Cove Golf and Yacht Club Custom Home at 209 SW Hatteras Court is listed for $545,000.

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.

Search for All Palm Cove Golf and Yacht Club Homes for Sale

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Palm Cove Golf and Yacht Club Open House November 3

September 2013 Monthly Market Detail Florida Townhouses and Condos

11.01.13 by

September 2013 Monthly Market Detail Florida Townhouses and Condos

The September 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida continues to show gains though not as robust as they were in the spring of this year.  Year to year closed sales were up by 11.4% as compared to last months increase of 6.3% and new sales under contract (new pending sales) increased by 4.6% (August’s increase was 11.6%).

Both median and average sales prices were up (year to year) by a healthy 23.5% and 16.9% respectively. Florida Condo and Townhouse

One item of concern is the active inventory which has decreased again, for September by 7.9%.  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:
September 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.

September 2013 Monthly Market Detail Florida Townhouses and Condos

September 2013 Monthly Market Detail Florida Single Family Homes

10.31.13 by

September 2013 Monthly Market Detail Florida Single Family Homes

More good news for the Florida real estate market as reported by Florida Realtors for the September 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida.  All indices have once again moved in a positive direction with the exception of inventory (active listings), though not by quite as large percentages as last month.  Year to year closed sales were up by 18.8% (was 12.5% in August) and new sales under contract (new pending sales) increased by 10.5% (was 17.2% in August).

Both median and average sales prices were up (September 2012 to September 2013) by 17.2% and 12.3% respectively.  While improved over last year, the rate of increase is less for September as the seasonal influence of our real estate markets become apparent.Florida Single Family

The inventory of available homes for sale remains a concern as it continues to decrease, down by 5.1% from last year.  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.

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

 

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

September 2013 Monthly Market Detail Florida Single Family Homes

Hobe Sound Florida Market Report ZIP Code 33455 Condo September 2013

10.30.13 by

Hobe Sound Florida Market Report ZIP Code 33455 Condo September 2013

 

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

 

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

 

There are currently 14 active condo listings. (Up by 3 condos from August)Hobe Sound Florida Market Report ZIP Code 33455 Condo September 2013

 

 

3 Condo sales are pending and awaiting close or lender approval. (Down by 5 condos from August)
Hobe Sound Florida Market Report ZIP Code 33455 Condo September 2013

 

 

6 Condos sold in August (An increase of 5 condos from August)Hobe Sound Florida Market Report ZIP Code 33455 Condo September 2013

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  For the first time in many months we had a relatively large increase in active listings (by percentage).   Pending sales dropped considerably while closed sales did take a nice increase. 

The absorption rate for September dropped to 2.8 moths from last months buyers market of 14 months.  Back to a strong sellers 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 September 2012 numbers were:  28 active listings, 7 pending sales and 2 closed sales.   Other than this months pending sales decline, we compare quite favorable to last years numbers.

 

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 September 2013

 

Search here for Hobe Sound Florida Real Estate for Sale ( Condos)
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Hobe Sound Florida Market Report ZIP Code 33455 Condo September 2013

 

October 2013 Market Update Windjammer Waterfront Condos Stuart FL

10.29.13 by

October 2013 Market Update Windjammer Waterfront Condos Stuart FL

As of October 2013, there are 12 condos on the market in the Windjammer Yacht Club  of Stuart FL.   Listing prices range from $89,900 to $195,000.  The average price per square foot of living area is $118.25  There are no short sales or foreclosures in the available listings.

Currently, there are no condos under contract awaiting settlement.

In the past 12 months, 12 Windjammer Waterfront Condos have sold.  Sales prices ranged from $49,000 to $165,000 for an average sales price of $92.50 per sq. ft. and a 91% list to sales ratio.  There was 1 short sale and 3 bank owned foreclosures included in these sales.

Windjammer Waterfront Condos Windjammer is a senior (55+) community of waterfront condos in Stuart, FL on the South Fork of the wide Saint Lucie River with easy ocean access.  There are 130 2 bedroom, 2 bathroom condos with porches. 

Windjammer Waterfront Condos
 
Docks are deeded to the condos and are owned by the unit owners.  (Not every condo has an accompanying dock)  Dock sizes vary and go up to a 16′ beam and 40′ length.  Rentals are allowed with restrictions and 1 small pet is also allowed.
 Windjammer Waterfront Condos Windjammer Waterfront Condos

 Search here for:

Windjammer Waterfront Condos Homes for Sale in Palm City Florida

 

October 2013 Market Update Windjammer Waterfront Condos Stuart FL 

Hobe Sound Florida Market Report ZIP Code 33455 Residential September 2013

10.29.13 by

Hobe Sound Florida Market Report ZIP Code 33455  Residential September 2013

 

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

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

 

There are currently 245 active listings. (Up by 12 homes from August)
Hobe Sound Florida Market Report ZIP Code 33455 Residential September 2013

69 Residential sales are pending and awaiting close  (A decrease of 26 homes from August)
Hobe Sound Florida Market Report ZIP Code 33455 Residential September 2013

 

49 Homes Sold in September (Up by 1 homes from last month)
Hobe Sound Florida Market Report ZIP Code 33455 Residential September 2013

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County remains quite active and is one of the strongest performing areas of our county.  Troubling for this month was the large decrease in pending sales.  Hopefully, this is just a seasonal effect and will not signify slower sales for the near future.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 is at 5 months (4.9 months in August).  Continuing as a sellers market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for September 2012 were:  316 active listings, 69 pending sales and 15 closed sales.   Much stronger results year to year for the Hobe Sound residential real estate market for this September.

 

 Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:Hobe Sound Florida Market Report ZIP Code 33455 Residential September 2013

 

Search here for Hobe Sound Florida Real Estate for Sale

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

 

 

Hobe Sound Florida Market Report ZIP Code 33455 Residential, September 2013

October 2013 Market Update Willoughby Golf Club

10.28.13 by

October 2013 Market Update Willoughby Golf Club

There are currently 21 homes on the market in the Willoughby Golf Club, ranging in price from $175,000 to $879,000.  The average price per sq. ft. of living area is $152.67.  Included in these listings are 1 short sale and 1 bank owned properties.

There is only one home currently under contract.  The list price is $659,000 or at $180.25 per sq. ft. of living area.

In the past 12 months, 14 homes have sold in the Willoughby Golf Club.  Sales prices ranged from $140,000 to $635,000 for an average of $136.62 per sq. ft. of living area.  None of these sales were short sales or foreclosures.

Willoughby Golf Club Real Estate 1

Willoughby Golf Club real estate can be found in the city of Stuart. Stuart is located in Martin County Florida and sits on the eastern coast of the Atlantic Ocean along what is commonly referred to as the Treasure Coast. Knowing the location of Willoughby Golf Club real estate is the first step in the right direction. You will soon realize though that the right direction becomes filled with so many benefits that it is hard not to wish of owning a piece of Willoughby Golf Club real estate.Willoughby Home 3

Willoughby Golf Club real estate and surrounding area is made up of a 403-acre, private golf community. The golf club memberships entitle the members to enjoyment of a championship and challenging Arthur Hills designed golf course. Of the 403 acres over 200 are devoted to nature preserves, lakes and the golf course itself. This allows the residents in Willoughby Golf Club real estate to enjoy a low inhabitant’s environment and the splendors of the beautiful climate found along Florida’s coast.

Willoughby Home 2

Willoughby Golf Club real estate home sites are complimented by the numerous activities and events that take place in the town of Stuart along with noteworthy locations.

  • Restored downtown with historical landmarks
  • exclusive shops
  • distinctive restaurants
  • an executive airport
  • highly viewed schools
  • library
  • outstanding professional and medical facilities
  • a regional mall
  • many cultural happenings

Willoughby View 1

The Atlantic Ocean is accessible via the St. Lucie Inlet and there are protected inland waterways offering boating and fishing excursions. This is no surprise since Stuart properties are located in the “Sailfish Capital of the World”. Stuart also has miles of pristine beaches.Willoughby Pool 2

 

A short drive south will take you to Palm Beach County with its fashionable shopping, assorted well reputable dining, the Raymond F. Kravis Center and Palm Beach International Airport.

The community comprised of Willoughby Golf Club real estate sites also has a plethora of amenities.

  • Private and gated community
  • Security patrol including 24-hour manned gatehouse
  • All residences security monitored
  • Practice range, putting green, chipping area and private teaching area
  • PGA certified professionals running the Pro shop
  • Pool facilities
  • Multiple tennis courts
  • Tennis pro on staff
  • Sundeck and cabana
  • Outside informal dining area
  • Clubhouse
  • 25,000+ sq. ft. newly remodeled building
  • Dining Room, Grille room
  • Rooms for private functions including a lounge area
  • Locker rooms and card rooms for both ladies and gentlemen
  • Organized activities, including golf and tennis tournaments
  • Private community TV channel
  • Planned entertainment

The homes of Willoughby Golf Course real estate are divided into different categories. The entire area is made up of nine different neighborhoods, each as fine as the next. You can choose from various floor plans and styles. Golf homes are typically smaller than the estate homes and begin at approximately $300,000. The estate homes, on average, start around $525,000.

Here are the currently available homes for sale in the Willoughby Golf Club

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October 2013 Market Update Willoughby Golf Club

Jensen Beach Florida Market Report ZIP Code 34957 Condo September 2013

10.28.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Condo September 2013

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for September 2013

 

For September 2013 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 35 active listings. ( Increased by 5 condos from August)
Jensen Beach Florida Market Report ZIP Code 34957 September August 2013

17 Condo sales are pending and awaiting close or lender approval. (Down by 1 condo from August)
Jensen Beach Florida Market Report ZIP Code 34957 September August 2013

 

5 Condos Sold (A decrease of 7 condos from August)
Jensen Beach Florida Market Report ZIP Code 34957 September August 2013


The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  Current inventory is at an all time low as compared to the past 10 years, though for September we did have an increase of 5 units.   Pending sales were off by 1 while closed sales were down significantly.

The one month absorption rate for the September 2013, Jensen Beach Florida Market Report ZIP Code 34957 jumped to 7 months (2.5 months in August), signifying a step back into a slight buyers market after numerous months of a sellers market. A balanced market is considered to be a 6 month absorption rate favoring neither the buyer or seller.

The September 2012 numbers were: 48 active listings, 30 pending sales and 3 condos closed.    The lower number of pending sales is troubling for future sales, however this years market activity compares favorably to September of 2012.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:Jensen Beach Florida Market Report ZIP Code 34957 September August 2013

 

Search here for Jensen Beach Real Estate for Sale


Jensen Beach Florida Real Estate presented by:
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Jensen Beach Florida Market Report ZIP Code 34957 Condo September 2013

Newer Copperleaf Home Palm City Just Listed

10.27.13 by

Newer Copperleaf Home Palm City Just Listed

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

Copperleaf Home in Palm City FL

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.

Copperleaf Home in Palm City FL

 Copperleaf Home in Palm City FL

Copperleaf Home in Palm City FL

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Newer Copperleaf Home Palm City Just Listed

Jensen Beach Florida Market Report ZIP Code 34957 Residential September 2013

10.26.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Residential September 2013

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for September 2013

 For September 2013in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 124 active listings. (An increase of 2 homes from last month)
Jensen Beach Florida Market Report ZIP Code 34957 Residential September 2013

69 Residential sales are pending and awaiting close or lender approval. (Down 2 homes from August)
Jensen Beach Florida Market Report ZIP Code 34957 Residential September 2013

28 Homes Sold (Increased by 3 homes from August)Jensen Beach Florida Market Report ZIP Code 34957 Residential September 2013

September 2013 saw very small changes from August in the Jensen Beach residential real estate market, zip code 34957.  After quite an active winter and spring, the summer months have resulted in slower activity.  Though still an active market from previous years.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 4.4 months (4.8 months in August).  Still a strong sellers’ market.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The September 2012 numbers were: 128 active listings, 78 pending sales and 25 home sales closed.   Very similar results to last September for Jensen beach, FL zip code area 34957.
 
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:
 Jensen Beach Florida Market Report ZIP Code 34957 Residential September 2013

Search here for Jensen Beach Real Estate for Sale

Jensen Beach Florida Real Estate presented by:
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Jensen Beach, FL Real Estate

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Jensen Beach Florida Market Report ZIP Code 34957 Residential September 2013

Palm City Florida Market Report ZIP Code 34990 Condo September 2013

10.25.13 by

Palm City Florida Market Report ZIP Code 34990 Condo September 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for September 2013

 

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



There are currently 55 active condo listings. (Up by 2 condos from August)
Palm City Florida Market Report ZIP Code 34990 Condo September 2013

8 Condo sales are pending and awaiting close or lender approval. (Decreased by 2 condos from last month)
Palm City Florida Market Report ZIP Code 34990 Condo September 2013

 

5 Condos Sold in September. (Up by 5 condos from August)

Palm City Florida Market Report ZIP Code 34990 Condo September 2013

 

 The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.  September saw little change in this segment with the exception of 5 sales, after no sales back in August.

The current absorption rate for condos in the 34990 zip code area is 11 months, signifying a buyers market.   A balanced market is considered to be an absorption rate of around 6 months.
 
The September 2012 numbers were: 62 active listings, 6 pending sales and 4 closed sales.   Better numbers for this year than for September of 2012.

 

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

Palm City Florida Market Report ZIP Code 34990 Condo September 2013

 

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Palm City Florida Real Estate presented by:
Gabe Sanders

 

Palm City Florida Market Report ZIP Code 34990 Condo September 2013

Palm City Florida Market Report ZIP Code 34990 Residential September 2013

10.24.13 by

Palm City Florida Market Report ZIP Code 34990 Residential September 2013

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for September 2013

 

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


There are currently 379 active listings (An increase of 25 homes from August) Report ZIP Code 34990 Residential September 2013

 

147 Residential sales are pending and awaiting close or lender approval. (An increase of 6 homes from last month) Report ZIP Code 34990 Residential September 2013

 

48 Homes Sold in September (Decreased by 29 homes from August) Report ZIP Code 34990 Residential September 2013

 
Sales were off for September in the Palm City, zip code 34990, area of Martin County Florida.   Though, after many months of decreasing inventory there was a surprising jump in September by 25 homes.  Pending sales were up indicating a possible greater closed sales activity for the near future.
 
The current absorption rate jumped to 7.9 months from 4.6 months in August.  Back into a buyers market for the first time in months.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.  I don’t expect a buyers market to last, as I think sales will be picking up soon in Palm City once again.

The September 2012 numbers were:  402 active listings, 170 pending sales and 33 closed sales.   Pending sales are off from last year, but all other numbers are positive.

 

 Please use the charts below as reference only as they rely on all residential types of property in the 34990 real estate market:

 Report ZIP Code 34990 Residential September 2013

 

 

Search here for Palm City Florida Real Estate for Sale

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

 

Palm City Florida Market Report ZIP Code 34990 Residential September 2013

Stuart Florida Market Report ZIP Code 34997 Condo September 2013

10.23.13 by

Stuart Florida Market Report ZIP Code 34997 Condo September 2013

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

 

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

 

There are currently 76 active condo listings (A decrease of 5 condos form August).

 Stuart Florida Market Report ZIP Code 34997 Condo September 2013

 

28 Condo sales are pending and awaiting close or lender approval (Up by 6 condos from August).

 Stuart Florida Market Report ZIP Code 34997 Condo September 2013

 

7 Condos Sold in September (A decrease of 4 condos from August).

Stuart Florida Market Report ZIP Code 34997 Condo September 2013

 

The September activity for the Stuart condo market for the area in ZIP code 34997 remained slow though there was an increase in pending sales.   Hopefully this will translate to more closed sales in the near future.

The one month absorption rate rose to 10.9 months.  Back into a strong buyers market.   A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller. 

The September 2012 numbers were: 101 active listings, 19 pending sales and 9 closed sales.  When considering over a 25% decrease in active listings, our numbers are better for this year than last.

 

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 September 2013
 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

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