Residential Market Report for March 2011 in Martin County, Florida

Residential Market Report for March 2011 in Martin County, Florida

 

For March 2011, Martin County residential sales showed some of the best numbers since 2005.  Sales were up significantly over last year and inventory is down to 2005 levels.  The one month absorption rate is now below 9 months.  Should this trend continue, we should see a much more balanced market in the future.  In fact, prices have now held steady in terms of average numbers for a few months (please keep in mind that this statistic can be misleading as the mix of sales has been leaning to a little higher price bracket that can skew the numbers).  The big unknown is the so called ‘shadow inventory’ of bank owned properties as well as short sales that can continue to have negative pricing pressures on areas when there is a significant number of such properties come on the market.  But, all in all a very strong March for Martin County real estate.  Should this trend continue, those buyers waiting on the sidelines for the bottom of the market may have missed it.

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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.

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Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

 

Residential Market Report for March 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

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Stuart Florida Real Estate or Treasure Coast FL Homes

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for March 2011

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for March 2011

For March, 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 99 active listings (up 1 from February).

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29 Residential sales are pending and awaiting close or lender approval (down 8 from last month).

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6 Homes Sold in March (down 7 from February)

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A weak month for the 34994 zip code area of Stuart Florida with decreases in all areas.

 

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for March 2011


 

Stuart Florida Real Estate presented by:
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Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for March 2011

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for March 2011

For March, 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 201 active listings (down 5 from last month).

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31 Residential sales are pending and awaiting close or lender approval (up 1 from February).

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8 Homes Sold in February (up 1 from February).

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All data showed positive signs, although in small numbers for March from the previous month for the Stuart Florida market activity for zip code 34996.

 

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for March 2011

 

Stuart Florida Real Estate presented by:
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Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for March 2011

Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for March 2011

For March, 2011 in Sewalls Point, Florida :

There are currently 60 active listings (down 9 from February)

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11 Residential sales are pending and awaiting close or lender approval (A decrease of 1 from February)

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2 homes closed in Sewalls Point Florida in March (0 in February)

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Some moderately positive signs for the Sewalls Point real estate market as two homes completed sales in March as well as continued strong pending numbers and a decrease of the existing inventory.

 

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Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for March 2011

 

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

 

 

Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Condo Sales for February 2011

Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Condo Sales for February 2011

For February, 2011 in the 33455 Zip Code area of Hobe Sound, Florida :


There are currently 48 active condo listings. (Down 5 from last month)

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12 Condo sales are pending and awaiting close or lender approval. (Up 8 from January)

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There were 3 sales.  (No sales last month for condos).

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A pretty good month for condos in Hobe Sound, with a decrease in inventory increased pending sales as well as sales.


Search here for Hobe Sound Florida Real Estate for Sale ( Condos)

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Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Condo Sales for February 2011

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