Condominium Market Report for November 2010 in Martin County, Florida

Condominium Market Report for November 2010 in Martin County, Florida

There was quite an unexpected increase in sales volume for November in the Martin County condo market.  Sales, as well as median and average prices, were up. This is a definite positive trend.  Hopefully, this trend will continue into 2011.  Inventory was up slightly, there is quite a bit of inventory that might become available if the positive results continue.

Martin County Condominium Statistics

Martn County Market Report Condo Absorption Rate

The Definition of Absorption Rate:
The number of weeks 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.

Condominium Market Report for November 2010 in Martin County, Florida

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
or Treasure Coast FL Homes

Residential Market Report for November 2010 in Martin County, Florida

Residential Market Report for November 2010 in Martin County, Florida

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The residential sales report for November showed an increase in the weakness of the real estate market.  Much of this is seasonal, as can be compared to past years fluctuations.  Average sales prices have continued their slide, but much of this is due to lower priced inventory (smaller and older homes) sales and distressed property sales.

Interest rates have started to increase and this may result in at least a short term increase in home sales, but more negative pressure on prices.

Martin County Market Report Residential Sales Absorption Rate

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

Data compiled from the Realtor Association of Martin County

Residential Market Report for November 2010 in Martin County, Florida

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 or Treasure Coast FL Homes

Market Report: Jensen Beach, Florida Condo Real Estate Sales

Market Report: Jensen Beach, Florida Real Estate Sales
Zip Code 34957, Condo Sales for November 2010


For November, 2010: 3 Condo properties sold in Jensen Beach, Florida Zip Code 34957
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There are currently 65 active listings.

24 Condo sales are pending and awaiting close.

Market Report: Jensen Beach, Florida Residential Real Estate Sales

Market Report: Jensen Beach, Florida Real Estate Sales
Zip Code 34957, Residential Sales for November 2010


For November, 2010: 16 Residential properties sold in Jensen Beach, Florida Zip Code 34957
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There are currently 183 active listings.

51 Residential sales are pending and awaiting close.

Search here for Jensen Beach Florida Real Estate for Sale

Free MLS Search
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Market Report: Jensen Beach, Florida Real Estate Sales
Zip Code 34957, Residential Sales for November 2010

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Jensen Beach Florida Real Estate
presented by the Gabe Sanders real estate team

Market Report: Sewalls Point, Florida Real Estate Sales

Market Report: Sewalls Point, Florida Real Estate Sales
Zip Code 34996, Residential Sales for November 2010


For November, 2010: Only 1 Residential property (foreclosure) sold in Sewalls Point, Florida Zip Code 34996
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There are currently 48 active listings.

12 Residential sales are pending and awaiting close or lender approval..

 

Search here for Sewalls Point Florida Real Estate for Sale

Search the Martin County MLS
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Market Report: Sewalls Point, Florida Real Estate Sales
Zip Code 34996, Residential Sales for November 2010

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Sewalls Point Florida Real Estate
presented by the Gabe Sanders real estate team