April 2013 Monthly Market Detail Florida Townhouses and Condos

05.29.13 by

April 2013 Monthly Market Detail Florida Townhouses and Condos

Some very positive results reported by Florida Realtors for the April 2013 Monthly Market Detail Florida Townhouses and Condos for the entire state of Florida.  All indices have moved in a positive direction though similar to the single family report for April 2013.  Year to year closed sales were up by 13.6% and new sales under contract (new pending sales) increased by 22.7%.

Both median and average sales prices were up (April 2012 to April 2013) by 16.4% and 12.3% respectively. 

One item of concern is the active inventory which has decreased by almost 20.6%.  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.Market Detail Florida Townhouses and Condos April 2013

Here’s the summary chart from the Florida Realtors report:

 

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

April 2013 Monthly Market Detail Florida Townhouses and Condos

April 2013 Monthly Market Detail Florida Single Family Homes

05.28.13 by

April 2013 Monthly Market Detail Florida Single Family Homes

Another positive month of results reported by Florida Realtors for the April 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 17.4% and new sales under contract (new pending sales) increased by 31.9%.

Both median and average sales prices were up (April 2012 to April 2013) by 14.2% and 10.1% respectively. 

One item of concern is the active inventory which has decreased by 24.7%.  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.

Here’s the summary chart from the Florida Realtors report:April 2013 Market Update Florida

 

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

April 2013 Monthly Market Detail Florida Single Family Homes

Memorial Day 2013

05.27.13 by

Memorial Day 2013

Totally Renovated Cedar Pointe Condo Now Listed

05.27.13 by

Totally Renovated Cedar Pointe Condo Now Listed

2929 SE Ocean Blvd. Suite L-8 is now available for sale.  May just be the most updated condo in all of Cedar Pointe.  All work completed 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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Totally Renovated Cedar Pointe Condo Now Listed

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, April 2013

05.26.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, April 2013

 

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

 

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

 

There are currently 21 active condo listings. (Down 1 condo from March)

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

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5 Condos sold in April (Up 3 condos from March)

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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 up to 5 units for April (over double from March) 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 4.2 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 April 2012 numbers were:  35 active listings, 6 pending sales and 5 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, April 2013

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, April 2013

05.25.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, April 2013

 

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

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

 

There are currently 227 active listings. ( A decrease of 22 homes from March)

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106 Residential sales are pending and awaiting close  (An increase of 6 homes from March)

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51 Homes Sold in April (Up 6 homes from last month)

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Strong sales activity for a second month for the Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County.  Inventory levels dropped significantly for the month after a slight rise last month.  Pending sales were up.  With such low numbers of available homes on the market, activity might slow in the coming summer months.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 4.5 months.  Continuing from last month into a now stronger 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 April 2012 were:  315 active listings, 96 pending sales and 45 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 Florida Market Report ZIP Code 33455 – Residential, April 2013

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, April 2013

05.24.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, April 2013

 

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

 

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

There are currently 51 active listings. ( A decrease of 3 condos from March)

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

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15 Condos Sold (Increased by 2 condos from March)

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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 sales were up slightly for April, while pending sales were off slightly.

The one month absorption rate for the April 2013, Jensen Beach Florida Market Report ZIP Code 34957 is now down to 3.4 months.   This signifies a strong seller’s market in Jensen Beach for condos.  Typically, a 6 month absorption rate is considered balanced, favoring neither the buyer or seller.

The April 2012 numbers were: 53 active listings, 28 pending sales and 8 condos closed.   Much better closed activity for this year.


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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, April 2013

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, April 2013

05.23.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, April 2013

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

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

 

 There are currently 116 active listings. (A decrease of 3 homes from last month)

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84 Residential sales are pending and awaiting close or lender approval. (Down 2 homes from March)

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32 Homes Sold (Up by 7 homes from March)

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The Jensen Beach residential real estate market, zip code 34957 for April had another strong month for closed sales.   Pending sales took a slight drop and the inventory also declined by only 3 homes.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 3.6 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 April 2012 numbers were: 135 active listings, 78 pending sales and 33 home sales closed.  With inventory levels almost 50% lower, the Jensen beach market activity as a percentage of available properties is much higher, while absolute numbers are similar.

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, April 2013

Palm City Florida Market Report ZIP Code 34990 – Condo, April 2013

05.22.13 by

Palm City Florida Market Report ZIP Code 34990 – Condo, April 2013

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

 

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



There are currently 58 active condo listings. (Down 5 condos from March)

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

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7 Condos Sold in April. (Up 2 condos from March)

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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.   Considering that we are now down to only 58 active cndo listings, activity has been excellent for this market.  Both closed and pending sales were up for April.
 
The current absorption rate for condos in the 34990 zip code area is 8.2 months.  Now down to a slight buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.
 
The April 2012 numbers were: 66 active listings, 3 pending sales and 1 closed sales.   Considerably better activity for 2013 than last year.

 

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Palm City Florida Market Report ZIP Code 34990 – Condo, April 2013

One Bedroom Portofino Condo Under Contract

05.21.13 by

One Bedroom Portofino Condo Under Contract

This well appointed bank owned one bedroom Portofino Condo under contract.  3734 NW Mediterranean Lane, Suite 207 is under agreement and will close soon for the very happy new buyer. 

One Bedroom Portofino Condo Under Contract
Portofino Condos at Jensen Beach is a gorgeous gated condo community that’s just great for families or singles. Portofino offers fantastic amenities such as a resort-style pool and hot tub, a state-of-the-art fitness center, and an indoor air-conditioned racquetball court along with outdoor tennis court. A business center is also available that delivers the conveniences of a home office, with computers, a copier, and a fax machine to keep you connected. A children’s playground is also available. This community is only 10 minutes from the beaches, and it is just minutes to both Jensen Beach Elementary School and Jensen Beach High School. Jensen Beach students also attend Stuart Middle School which is only about 15 minutes away.

One Bedroom Portofino Condo Under Contract

With a total of 384 units, there are 116 one-bedroom, 196 two-bedroom and 72 three-bedroom units within Portofino that are spacious and include balconies! Portofino provides luxury living for its residents, set in a peaceful Florida preserve atmosphere, many with lake views. Living in Portofino Condos at Jensen Beach you will feel like you are on vacation year round!


One Bedroom Portofino Condo Under Contract

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One Bedroom Portofino Condo Under Contract

Palm City Florida Market Report ZIP Code 34990 – Residential, April 2013

05.21.13 by

Palm City Florida Market Report ZIP Code 34990 – Residential, April 2013

 

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

 

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


There are currently 382 active listings (A decrease of 16 homes from March)

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186 Residential sales are pending and awaiting close or lender approval. (An increase of 6 homes from last month)

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76 Homes Sold in April (Increased by 8 homes from March)

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For the Palm City, zip code 34990, area of Martin County Florida the residential market activity showed strong results for April.  Closed sales increased again and remained quite strong.  Pending sales also increased and show good potential for future closed sales.  The inventory continues to decline and this may be a troubling statistic in the future as fewer homes are available for sale.
 

The current absorption rate stands at 5 months.   The Palm City residential real estate market has slipped into a sellers market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The April 2012 numbers were:  462 active listings, 228 pending sales and 49 closed sales.  Our closed sales for this year remain considerably better than last year.  This is especially noteworthy with the reduced amount of available homes for sale.  Pending sales are lower this year and the inventory may very well be one of the factors for this lower number.

 

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Palm City Florida Market Report ZIP Code 34990 – Residential, April 2013

Stuart Florida Market Report ZIP Code 34997 – Condo, April 2013

05.20.13 by

Stuart Florida Market Report ZIP Code 34997 – Condo, April 2013

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

 

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

 

There are currently 101 active condo listings (A decrease of 2 condos form March).

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29 Condo sales are pending and awaiting close or lender approval (Down 10 condos from March).

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34 Condos Sold in April (An increase of 18 condos from March).

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The Stuart condo market for the area in ZIP code 34997 showed very strong closed numbers for April .  Sales more than doubled from March (which were also double from February).  Pending sales however took a significant drop.  While the inventory decreased by a small number (2).  One of the strongest months for condo activity in some years.
 

The one month absorption rate decreased to 3 months.  For April, this represents a major shift into a strong seller’s market.  A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller. 

The April 2012 numbers were: 115 active listings, 34 pending sales and 18 closed sales.  Other than the big increase in closed sales for this year, numbers are fairly similar to April of 2012.  I expect a return to a more balanced market in the coming months with the lower pending activity.

 

 

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

 

 

Sandpebble Riverside Condo Under Contract

05.19.13 by

Sandpebble Riverside Condo Under Contract

4490 NE Sandpebble Trce. Suite 8-301 is now under contract on the river side of the Sandpebble Condos on Hutchinson Island in Stuart, FL.

 View from Sandpebble Riverside Condo

Gorgeous views from this 3rd floor end unit condo in Sandpebble, overlooking the pool, docks, plus, with mile wide river views.  An immaculate 2 BR, 2 BA condo that has been well maintained.  Upgrades include corian counter-tops in kitchen, large dual sink, stove and microwave. Plantation shutters in the dining area, carpets that are 3 years new.  Both bathrooms updated, new vanities, new shower stall with designer details. Custom built storage in living area.  Accordion shutters for easy access and security.   This is a turn key unit, being sold unfurnished, with some items being negotiable.

Living area of Sandpebble Riverside Condo

Kitchen of Sandpebble Riverside Condo


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

Sandpebble Riverside Condo Under Contract

Stuart Florida Market Report ZIP Code 34997 – Residential, April 2013

05.19.13 by

Stuart Florida Market Report ZIP Code 34997 – Residential, April 2013

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

 

There are currently 325 active listings (A decrease of 19 homes from March).

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219 Residential sales are pending and awaiting close or lender approval (An decrease of 1 home from March).

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82 Homes Sold in April (Unchanged from March)

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For April 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.  For April, there was a slight decrease in inventory after a small increase last month.  The 34997 zip code area of Martin County market activity remains as one of the most active areas in the county.
 
The current one month absorption rate dropped to 4.0 months which indicates a 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.
 
The 2012 numbers were: 407 active listings, 245 pending listings and 67 closed sales.  With a greatly reduced inventory, our pending sales are off slightly, yet closed sales are still greater than last year.
 
 

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Portofino Condos at Jensen Beach May 2013 Market Update

05.18.13 by

Portofino Condos at Jensen Beach May 2013 Market Update

As of May 16, 2013 there are only two condos available for sale in Portofino.  A 1 BR listed for $69,900 and a 3 BR offered for $120,000.  The average cost per square foot is $91.20.

There are 7 condos pending, list prices were $57,900 to $80,000 at an average price per square foot of $73.02.

In the past 12 months, 11 condos have sold, ranging in sales price from $46,000 to $81,000 for an average price per sq. ft. of $62.91.

Portofino condos remain in high demand and sales prices have started to rise.

Portofino Condos at Jensen Beach May 2013 Market UpdatePortofino Condos at Jensen Beach May 2013 Market Update

 Portofino Condos at Jensen Beach are one of the newest condominium subdivisions in Martin County.  Originally built as an upscale apartment complex around 2000, this development was turned into condominiums and began sales in 2005.  Due to the downturn in the housing market, not all units were sold and some are now being offered for lease.  Portofino Condos at Jensen Beach May 2013 Market Update features 1, 2 and 3 bedroom units with separate garage parking as an added purchase when available.  Unit sizes are 802 sq. ft. for the 1 Bedroom 1 bath, 1074 sq. ft. for the 2 Bedroom 2 bath, and 1252 sq. ft. for the 3 Bedroom 2 bath.

 

Portofino Condos at Jensen Beach May 2013 Market Update

Portofino Condos at Jensen Beach May 2013 Market UpdateThe Condo Owners Association fees range from $190 to $315 per month depending on unit size and for garage owners, there’s an additional $20 per month charge.  Fees include the extensive grounds and gated entry as well as the amenities, which include a large community pool, heated whirlpool, state of the art fitness center, indoor racquetball court, tennis court, playground and a private clubhouse with a full kitchen.

Portofino Condos at Jensen Beach May 2013 Market Update

 

 

Portofino at Jensen Beach

All ages are welcome in Portofino Condos at Jensen Beach.   Children attend Martin County’s highly rated school system, currently at Jensen Beach elementary school, Stuart middle school and Jensen Beach high school.  Portofino Condos is close to the Treasure Coast mall as well as numerous shops and restaurants, medical facilities and only a few minutes to the waterways of Martin County and the beaches of Hutchinson Island. Portofino Condos at Jensen Beach May 2013 Market Update

For information about sales or rentals of Portofino Condos in Jensen Beach, please call the Gabe Sanders real estate team at 772-323-6996 or contact us here.

 

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Portofino Condos at Jensen Beach May 2013 Market Update

Stuart Florida Market Report ZIP Code 34996 – Condo, April 2013

05.18.13 by

Stuart Florida Market Report ZIP Code 34996 – Condo, April 2013

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

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

There are currently 191 active condo listings (Up 7 from last month).

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44 Condo sales are pending and awaiting close or lender approval (A decrease of 15 condos from March).

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32 Condos Sold in April (Down by 10 from March)

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After an exceptional March the Stuart Florida Market Report ZIP Code 34996 for Condos eased a bit for April.   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 6 months.  This market has now shifted back to a balanced market for April of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for April 2012 were: 191 active listings, 52 pending sales and 26 closed sales.  Even though we eased a bit from last month, market activity is still stronger than last year.

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Stuart Florida Market Report ZIP Code 34996 – Condo, April 2013

Stuart Florida Market Report ZIP Code 34996 – Residential, April 2013

05.17.13 by

Stuart Florida Market Report ZIP Code 34996 – Residential, April 2013

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

 

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

There are currently 172 active listings (Decreased by 3 home from March).

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57 Residential sales are pending and awaiting close or lender approval (Increased by 2 from March).

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18 Homes Sold in April (Increased by 4 homes from March).

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In the 34996 zip code area of Stuart Florida real estate market activity for April 2013 both pending sales and closed sales rose while the inventory decreased again.  Sales activity remains strong and we are seeing multiple offers on some well priced desirable properties.

The one month absorption rate for the 34996 zip code area of Stuart Florida for April dipped to 9.6 months, which is still a buyer’s market.  This figure should be dropping as the pending sales close in the coming months. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for April of 2012 were: 165 active listings, 47 pending sales and 8 closed sales.  The 34996 zip code area of Stuart is bucking the trend for most of the other areas of Martin County as it has a higher inventory this year as compared to last year.  The market activity is stronger this year with closed and pending sales.

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Stuart Florida Market Report ZIP Code 34996 – Residential, April 2013

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

05.16.13 by

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

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

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

 

There are currently 118 active condo listings (Decreased by 9 condos from March).

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43 Condo sales are pending and awaiting close or lender approval. (Down 13 condos from last month)

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28 Condos Sold in April (Increased by 15 condos from March).

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Mixed signals for the Stuart Condo market for zip code 34994.   Pending sales were off from March while closed sales more than doubled.   The inventory also continued it’s decline.  This low inventory will be responsible for a decreasing market numbers in the coming months.

The one month absorption rate dropped to 4.2 months, which for April is a significant shift into a seller’s market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last April the numbers were 147 active listings, 43 pending sales, and 15 closed sales.  Much better sales activity this year.  This with almost a 50% lower inventory.

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

Stuart Florida Market Report ZIP Code 34994 – Residential April 2013

05.15.13 by

Stuart Florida Market Report ZIP Code 34994 – Residential April 2013

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

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

 

There are currently 65 active listings (Down 2 from March).

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34 Residential sales are pending and awaiting close or lender approval (No change from March).

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9 Homes Sold in March (Up 4 homes from March)

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The 34994 ZIP code area of the Stuart, Florida real estate market showed a marked increase in closed sales for April.  At the same time, pending activity remained strong (unchanged from last month) and the inventory decreased by two homes.  We should continue to have strong closed sales in the coming months, but if inventory doesn’t increase, we will be looking at a challenging market as there just aren’t enough homes available for sale.

The one month absorption rate for the 34994 zip code for April dropped to 7.2 months. which signifies a slight buyers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The April 2012 numbers were 79 Active Listings, 40 pending sales and 5 closed sales.  Considering the lower inventory this year as compared to last, market activity remains strong for the 34994 zip code area of Stuart for residential home market.

 

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Stuart Florida Market Report ZIP Code 34994 – Residential April 2013

Sewalls Point Residential Market Report April 2013

05.14.13 by

Sewalls Point Residential Market Report April 2013

Sewalls Point Real Estate Snapshot, Residential Sales for April 2013

 

There are currently 61 active listings (an increase of 4 homes for sale from March)

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17 Residential sales are pending and awaiting close or lender approval (an increase of 2 homes from March)

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4 Homes sold in March (A decrease of 1 home from March)

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 For April, in the Sewalls Point residential real estate market, there was very little change from the previous month.  Inventory improved slightly as did pending sales while closed sales were off by 1 home.

The absorption rate rose to 15 months.  Still a strong buyers market in Sewalls Point.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to April of 2012, the inventory was 63 homes homes on the market, 19 pending sales and there were 2 closed sales.  Slightly better activity this year, but basically very similar to last year’s activity.

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Sewalls Point Market Report – Residential, April 2013