May 2013 Monthly Market Detail Martin County Townhouses and Condos

May 2013 Monthly Market Detail Martin County Townhouses and Condos

Another set of positive results reported by Florida Realtors for the May 2013 Monthly Market Detail Martin County Townhouses and Condos.   Year to year closed sales were up by 28% and new sales under contract (new pending sales) increased by a very impressive 56.6%

The median sales price decreased by 5.5% while the average sales price rose by 9.74% as compared to May of 2012.

The inventory of available townhouses and condos have decreased to 612 units which is a decrease of 28.4% from last May.  Current supply of inventory is only 6.2 months (a 39.2% decrease from last year).  For the Martin County townhouse and condo market, these results are very similar to our single family home market as both segments rapidly approach a balanced market that favors neither the buyer nor seller.

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

May 2013 Monthly Market Detail Martin County Townhouses and Condos

Open House in Rocky Point June 30

Open House in Rocky Point June 30

Come join us on Sunday, June 30 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.

Marina of Rocky Point Estates

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.

Exterior of Rocky Point Pool Home

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

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.

Apartment Kitchen in Rocky Point Pool Home

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.

Pool of Rocky Point Pool Home

Boat Ramp of Rocky Point Estates

 

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Open House in Rocky Point June 30

May 2013 Monthly Market Detail Martin County Single Family Homes

May 2013 Monthly Market Detail Martin County Single Family Homes

Solid market activity though not as strong as previous spring reports for the May 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors.   Year to year closed sales were up by 5.5% and new sales under contract (new pending sales) increased by 43.7%

Both the median and average sales prices decreased this month by year to year percentages of 16.3% and 20.2% respectively.

The inventory of available single family homes have decreased to only 1166 units which id down by 29.9% from last May.  Current supply of inventory is only 6.8 months (a 40.2% decrease from last year).   If this trend continues (and we see no reason to doubt it) we will soon be in a balanced market for the single family real estate market in Martin County.  There’s no reason not to expect a sellers market should the inventory continue to decrease.

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

May 2013 Monthly Market Detail Martin County Single Family Homes

May 2013 Monthly Market Detail Florida Townhouses and Condos

May 2013 Monthly Market Detail Florida Townhouses and Condos

More positive results reported by Florida Realtors for the May 2013 Monthly Market Detail Florida Townhouses and Condos for the entire state of Florida.  All indices have moved in a positive direction again as have the single family report for May 2013.  Year to year closed sales were up by 18.7% and new sales under contract (new pending sales) increased by a whopping 30.8%.

Both median and average sales prices were up (May 2012 to May 2013) by 15.9% and 11.4% respectively. 

One item of concern is the active inventory which has decreased by almost 23.7%.  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.

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

May 2013 Monthly Market Detail Florida Townhouses and Condos

Rocky Point June 2013 Market Update

Rocky Point June 2013 Market Update

Here is your Rocky Point June 2013 market update in Stuart Florida:

There are currently 34 active listings in Rocky Point.  The average list price is $511,105 based on $175.90 per square foot of living area.

12 homes are under contract (pending sales).  These include three short sales and no bank owned properties.  The average list price is $295,560 at $174.23 per square foot.

In the past 12 months, 66 homes have sold in Rocky Point at an average sales price of $213,638 at $116.82 per square foot of living area.   The highest priced sale was $975,000 and the lowest was $67,000.   These sales included 9 short sales and 1 bank owned foreclosure.

Rocky Point Homes for Sale in Stuart, Florida

 Rocky Point real estate

 

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

 Rocky Point real estate

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

 Rocky Point real estate

All this in wonderful family friendly neighborhoods within Martin County’s ‘A’ rated schools system. 

Rocky Point real estate

One of the highlights of the year for Rocky Point is the Port Salerno Seafood Festival.  Held yearly in the winter, this free festival fills the streets of Historic Port Salerno.  In addition to serving up the area’s freshest and tastiest seafood, live music, community booths, arts & crafts, activities for the kids, pirates and more keep the entire family entertained the whole day.        

Rocky Point real estate Admission is FREE, though attendees are asked to bring canned goods in exchange for zero admission to benefit a food drive for local food banks.

 Rocky Point real estate

 

 

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Search here for available homes in Rocky Point

 

Find the Perfect Home for Sale Today

Prices are low and the inventory has been shrinking.  Don’t miss the opportunity of a lifetime.  Search instantly for any size, location, price range to get you the BEST deal around!!!

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Stuart Florida Real Estate
 

Rocky Point June 2013 Market Update

 

May 2013 Monthly Market Detail Florida Single Family Homes

May 2013 Monthly Market Detail Florida Single Family Homes

Another positive month of results reported by Florida Realtors for the May 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida.  All indices have moved in a positive direction.  Year to year closed sales were up by 18.7% and new sales under contract (new pending sales) increased by 30.8%.

Both median and average sales prices were up (May 2012 to May 2013) by 15.9% and 11.4% respectively. 

One item of concern is the active inventory which has decreased by 23.7%.  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.

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

May 2013 Monthly Market Detail Florida Single Family Homes

Jensen Beach Golf and Country Club June 2013 Update

Jensen Beach Golf and Country Club June 2013 Update

There are currently 12 homes and villas available for sale in the Jensen Beach Golf and Country Club.
List prices between $199,900 and $319,000 or an average of $144.46 per square foot of living area.

9 homes are under contract awaiting the final sale. (no short sales and only one bank owned home.)  The average listing price per square foot was $147.80.

In the past 12 months, 50 homes have sold.  The sales prices ranged from $150,000 to $350,000 for an average price per square foot of  $137.40 with 96% sales to list price ratio.

The Jensen Beach Golf and Country Club in Jensen Beach Florida is one of the most desirable communities on Florida’s Treasure Coast.  There are 656 homes and home sites spread out on over 240 acres of wildlife preserve with plenty of privacy and homes from four different builders.   Homes began to be constructed in 2000 and new homes continue to be built to order, with a limited number of spec homes available from D.R. Horton and Renar Homes.  Previous builders included WCI Communities and Engle Homes.

The Jensen Beach Golf and Country Club is home to the Eagle Marsh Golf Course.   This is apublic course and all are welcome to play.  Inexpensive membership plans are available along with dining facilities, a snack bar and a pro shop.  More information about the Eagle Marsh Golf Club can be found on their web site.

Homes in the Jensen Beach Golf and Country Club range from smaller 2 BR attached villas of approximately 1300 plus square feet of living area and single car garages to spacious one floor and two story pool homes of just over 2500 square feet with 3 car garages.  In addition to the facilities associated with the Eagle Marsh Golf Club, there are two community pools and an active tennis club with 6 professional courts along with a local pro and active league play.

All of these amenities come at an incredibly attractive HOA fee of around $225 per month and include landscaping, trash pickup as well as basic cable TV service.

The Jensen Beach Golf and Country Club is attractively situated only 2 miles from the Indian River (the Intracoastal Water Way) and quaint downtown Jensen Beach, only across the causeway to the public beach of Jensen beach for those wishing to take advantage of the clear waters of the Atlantic Ocean.  Less than a mile to the west is the Treasure Coast Mall and the shopping and restaurant corridor of US-1.

For those with children, the ‘A’ rated Jensen beach High School is within walking distance from the front gate of the Jensen Beach Golf and Country Club.

Here are the currently available re-sale homes in the Jensen Beach Golf and Country Club

For new home sales from either D.R. Horton or Renar Homes please call 772-323-6996 to arrange a private appointment with a new home specialist.

For any questions you may have about the Jensen Beach Golf and Country Club, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Jensen Beach Florida Real Estate

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

Jensen Beach Golf and Country Club June 2013 Update

Hobe Sound Florida Market Report ZIP Code 33455 Condo, May 2013

Hobe Sound Florida Market Report ZIP Code 33455 Condo, May 2013

 

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

 

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

 

There are currently 21 active condo listings. (Unchanged from April)

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5 Condo sales are pending and awaiting close or lender approval. (Decreased by 2 condos from April)

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4 Condos sold in May (Down 1 condos from April)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Sales were only 4 units for May and pending sales were off slightly.  Meaningful interpretation of this market is fairly meaningless with the low number of available condos for sale.

The one month absorption rate jumped to 5.25 months, signifying a return to a seller’s market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. 

The May 2012 numbers were:  33 active listings, 8 pending sales and 1 closed sales.   Still doing better this year when considering the tiny inventory of condos available for sale in Hobe Sound.


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Hobe Sound Florida Market Report ZIP Code 33455 Condo, May 2013

 

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

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

 

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

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

 

There are currently 228 active listings. ( Up by 1 home from April)

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105 Residential sales are pending and awaiting close  (A decrease of 1 home from April)

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50 Homes Sold in May (Down by 1 home from last month)

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Strong sales activity for a third month in a row for the Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County.  Numbers for May were almost identical for April.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 4.6 months from the 4.5 of last month.  Hobe Sound is now a strong seller’s market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for May 2012 were:  285 active listings, 99 pending sales and 43 closed sales.   Considering the reduced inventory as compared to 2012, the market activity continues to grown and improve for the Hobe Sound residential real estate market.

 

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Hobe Sound, FL Real Estate

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

Jensen Beach Florida Market Report ZIP Code 34957 Condo May 2013

Jensen Beach Florida Market Report ZIP Code 34957 Condo May 2013

 

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

 

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

There are currently 44 active listings. ( A decrease of 7 condos from April)

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24 Condo sales are pending and awaiting close or lender approval. (Down by 2 condos from April)

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7 Condos Sold (Decreased by 8 condos from April)

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The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  Current inventory is at an almost all time low.   Closed and pending sales were off for May, while the small inventory declines further.

The one month absorption rate for the May 2013, Jensen Beach Florida Market Report ZIP Code 34957 is 6.3 months.   Basically a balanced market, as a 6 month absorption rate is considered balanced, favoring neither the buyer or seller.

The May 2012 numbers were: 58 active listings, 26 pending sales and 8 condos closed.   Similar activity to last May.


Search here for Jensen Beach Real Estate for Sale


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Jensen Beach Florida Market Report ZIP Code 34957 Condo May 2013

Palm Cove Golf and Yacht Club Open House June 23

Palm Cove Golf and Yacht Club Open House June 23

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, June 23 from 1 to 4 PM.

This Palm Cove Golf and Yacht Club Custom Home at 209 SW Hatteras Court is listed for $565,000

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 June 23

Jensen Beach Florida Market Report ZIP Code 34957 Residential May 2013

Jensen Beach Florida Market Report ZIP Code 34957 Residential May 2013

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

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

 

 There are currently 103 active listings. (A decrease of 13 homes from last month)

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76 Residential sales are pending and awaiting close or lender approval. (Down 8 homes from April)

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27 Homes Sold (Down by 5 homes from April)

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The Jensen Beach residential real estate market, zip code 34957 for May eased a bit from the strong April with 5 fewer closed sales as well as less pending inventory as well.   The available inventory is also down.  Pressure is on for higher prices but the market is resisting it with fewer sales.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 is currently 3.8 months, now a strong seller’s market.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The May 2012 numbers were: 139 active listings, 82 pending sales and 18 home sales closed. Still a strong market compared to last year when the available inventory is factored in.

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Jensen Beach Florida Market Report ZIP Code 34957 Residential May 2013

Rocky Point Open House in Boating Community

Rocky Point Open House in Boating Community

Come join us on Sunday, June 23 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.

Marina of Rocky Point Estates

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.

Exterior of Rocky Point Pool Home

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

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.

Apartment Kitchen in Rocky Point Pool Home

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.

Pool of Rocky Point Pool Home

Boat Ramp of Rocky Point Estates

 

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Rocky Point Open House in Boating Community

Price Reduced on Palm City Estate Home

Price Reduced on Palm City Estate Home

This Palm City Estate home in the Palm Cove Golf and Yacht Club located at 209 SW Hatteras Court has now been reduced to  $565,000

Palm Cove Golf and Yacht Club Custom Home

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

 Palm Cove Golf and Yacht Club Custom Home

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.

Palm Cove Golf and Yacht Club Custom Home

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Palm City Florida Market Report ZIP Code 34990 Condo May 2013

Palm City Florida Market Report ZIP Code 34990 Condo May 2013

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

 

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



There are currently 52 active condo listings. (Down 6 condos from April)

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16 Condo sales are pending and awaiting close or lender approval. (Increased by 2 condos from last month)

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3 Condos Sold in May. (Down 4 condos from April)

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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.   Sales were only 3 units for May, yet the pending numbers were up, indicating some good closed activity for the next few months (if they all close).  Inventory is now down to only 52 condos for Palm City.
 
The current absorption rate for condos in the 34990 zip code area jumped to 17.3 months.  An extreme buyers market for this month, as a balanced market is considered to be an absorption rate of around 6 months.
 
The May 2012 numbers were: 66 active listings, 8 pending sales and 2 closed sales.   Considerably better activity for 2013 than last year.

 

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Palm City Florida Market Report ZIP Code 34990 Condo May 2013

Palm City Florida Market Report ZIP Code 34990 Residential May 2013

Palm City Florida Market Report ZIP Code 34990 Residential May 2013

 

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

 

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


There are currently 391 active listings (An increase of 9 homes from April)

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167 Residential sales are pending and awaiting close or lender approval. (A decrease of 19 homes from last month)

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77 Homes Sold in May (Increased by 1 home from April)

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For the Palm City, zip code 34990, area of Martin County Florida the residential market activity showed some signs of easing the torrid pace of this spring.  Closed sales increased by 1 home while the number of pending sales were off by 19.  On a positive note, the available inventory rose, making more homes available for those looking to buy.
 
The current absorption rate remains at 5 months.   The Palm City residential real estate market is a sellers market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The May 2012 numbers were:  462 active listings, 203 pending sales and 70 closed sales.  Closed sales remain strong as compared to last year.  Pending sales were weaker, but there is a significantly lower inventory as a cause.

 

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Palm City Florida Market Report ZIP Code 34990 Residential May 2013

Stuart Florida Market Report ZIP Code 34997 Condo May 2013

Stuart Florida Market Report ZIP Code 34997 Condo May 2013

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

 

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

 

There are currently 87 active condo listings (A decrease of 14 condos form April).

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30 Condo sales are pending and awaiting close or lender approval (Up 1 condo from April).

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17 Condos Sold in May (A decrease of 17 condos from April).

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After an exceptionally strong April, the Stuart condo market for the area in ZIP code 34997 eased considerably with only half as many closed sales.  Pending sales remained strong and the inventory took a big drop. 

The one month absorption rate rose to 5.7 months.  This is still a sellers market, but not the strong one of last month.  A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller. 

The May 2012 numbers were: 110 active listings, 29 pending sales and 14 closed sales.  These numbers are fairly similar to May of 2012.  I expect a retreat in the coming months as the summer season is typically slow for the condo market.

 

 

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

 

 

Stuart Florida Market Report ZIP Code 34997 Residential May 2013

Stuart Florida Market Report ZIP Code 34997 Residential May 2013

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

 

There are currently 298 active listings (A decrease of 27 homes from April).

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190 Residential sales are pending and awaiting close or lender approval (An decrease of 29 home from April).

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84 Homes Sold in May (Increased by 2 homes from April)

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For May 2013, the Stuart Florida Market Report ZIP Code 34997 the number of closed sales remained high as well as strong pending activity for future months closed activity though it was off from the high in April.  For May, there was a significant decrease in inventory after a small decrease last month.  The 34997 zip code area of Martin County market activity remains one of the most active areas in the county.
 
The current one month absorption rate dropped to 3.5 months which indicates a strong sellers market for the 34997 Stuart zip code real estate market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.  If inventory levels don’t rise, future market activity will suffer as there just aren’t enough homes at the current demand.  Prices have started to rise in this zip code area of Martin County.
 
The 2012 numbers were: 389 active listings, 222 pending listings and 92 closed sales.  When considering the greatly reduced inventory, the market activity in the 34997 zip code of Martin County remains robust year to year.
 
 

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Stuart Florida Market Report ZIP Code 34997 Residential May 2013

Stuart Florida Market Report ZIP Code 34996 Condo May 2013

Stuart Florida Market Report ZIP Code 34996 Condo May 2013

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

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

There are currently 195 active condo listings (Up 4 from last month).

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33 Condo sales are pending and awaiting close or lender approval (A decrease of 11 condos from April).

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25 Condos Sold in May (Down by 7 from April)

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After an exceptional March the Stuart Florida Market Report ZIP Code 34996 for Condos eased again in May after a little disappointment in April as well.   Both pending and closed sales were off.  Also, bucking the trend from most of our other areas, inventory rose modestly.  After a very strong early spring it appears that this section of the Martin County condo market has eased a bit.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo rose to 7.8 months.  This segment of the market has shifted back to a buyers market for May of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for May 2012 were: 188 active listings, 31 pending sales and 26 closed sales.  Very similar numbers to last year.

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Stuart Florida Market Report ZIP Code 34996 Condo May 2013

Another South Sewalls Point Home Sold

Another South Sewalls Point Home Sold

South Sewalls Point Pool Home

Another South Sewalls Point Home Sold!

South Sewalls Point Pool Home

 

Beautifully remodeled pool home on South Sewall’s Point is spacious, light and bright. Lovely granite eat-in kitchen with stainless appliances and custom wood cabinets makes entertaining a breeze. Superb finishes and features include plantation shutters,   French doors, impact doors and windows and a huge media/game room over the garage. Fabulous pool/ patio area is very private, prefect for lounging to enjoy our wonderful Florida weather. This is a great opportunity and you won’t be disappointed viewing this special offering at a great price.

 

South Sewalls Point Pool Home

Sewall’s Point is an upscale and unique peninsula town located on the eastern side of Martin County, Florida.  Sewall’s Point is home to many younger families, professionals and some seasonal residents. Surrounded by water on its north, south and west, this unique community is famous for its waterfront homes and is often called a boaters’ paradise.  Sewall’s Point waterfront real estate offers wide water views of the Saint Lucie River on the west side and the Indian River (the Intracoastal Waterway) on the east side. Beautiful tree-lined streets feature estate homes, many of which are wide waterfront estates with quick access to the Atlantic Ocean.  With a population of just over 2,000 residents, Sewall’s Point boasts a high quality of life with small-town character, while offering the amenities of a much larger town, with its own City Hall and Police Force.

Sewall’s Point is very well situated only minutes from the beaches of South Hutchinson Island and also close to shopping malls, restaurants, big-name chains, three nearby medical centers and more.  Travel only a few minutes by boat to Manatee Pocket a harbor with marinas, waterfront restaurants, and tackle stores.  Shop or just browse at the Shoppes of Harbour Bay Plaza featuring specialty shops.

 

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Another South Sewalls Point Home Sold