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

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

 

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

 

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

There are currently 66 active listings. ( An increase of 1 condo from December)

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27 Condo sales are pending and awaiting close or lender approval. (Up 10 condos from December)

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5 Condos Sold (No change from December)

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The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  Inventory was up once again (though only by 1 unit) for the third month in a row.   Closed sales remained unchanged, while there was a nice increase in pending sales.  If this continues through the spring, we should have an active condo market in the Jensen Beach area of Martin County.

The one month absorption rate for the January 2013, Jensen Beach Florida Market Report ZIP Code 34957 is 13 months.  A strong buyer’s market.  Typically, a 6 month absorption rate is considered balanced, favoring neither the buyer or seller.

The January 2012 numbers were: 70 active listings, 16 pending sales and 7 condos closed.  Last year’s activity is very similar to January 2013, with the exception of a considerably higher number of pending sales.


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

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

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

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

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

 

 There are currently 122 active listings. (Up 9 homes from last month)

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66 Residential sales are pending and awaiting close or lender approval. (Up 14 homes from December)

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14 Homes Sold (Down 12 homes from December)

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The Jensen Beach residential real estate market, zip code 34957 for January showed a marked decrease in closed sales.  This is not unusual after strong closed sales for the end of the previous year.  With the new year, there’s another month of some increased inventory along with a sizable increase in pending sales.  This should result in an active spring market for the 34957 zip code area of Martin County.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 8 months. This is a market that favors buyers over sellers.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The January 2012 numbers were: 293 active listings, 96 pending sales and 23 home sales closed. Our current inventory is down to almost half of what it was last year.  Because of that, our market activity is also lower this year.

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

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

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

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

 

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



There are currently 69 active condo listings. (An increase of 6 condos from December)

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8 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)

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3 Condos Sold in January. (No change from December)

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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.  For January, other than a small increase in available condos, there was no change in other market activity.
 
The current absorption rate for condos in the 34990 zip code area is 23 months.  A very strong buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.
 
The January 2012 numbers were: 68 active listings, 6 pending sales and 3 closed sales.   Close to being identical with this year’s activity.

 

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

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

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

 

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

 

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


There are currently 411 active listings (An increase of 13 homes from December)

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176 Residential sales are pending and awaiting close or lender approval. (An increase of 47 homes from last month)

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39 Homes Sold in January (Decreased by 6 homes from December)

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For the Palm City, zip code 34990, area of Martin County Florida, the real estate activity slowed again for the second month in a row.  The notable exception was a sizable jump in pending sales.  Providing that the majority of these sales will close in the next few months, we should have an active spring.  Inventory was also up slightly.  Good news as we need a variety of available homes to be on the market to have an active spring market. 

The current absorption rate stands at 10.5 months.  This rate still signifies a buyer’s market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The January 2012 numbers were:  474 active listings, 161 pending sales and 72 closed sales.  Closed sales were considerably better last year.  Even accounting for the higher inventory.

 

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

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

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

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

 

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

 

There are currently 106 active condo listings (Increase of 8 condos form December).

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22 Condo sales are pending and awaiting close or lender approval (Up 11 from December).

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3 Condos Sold in January (A decrease of 7 condos from December).

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The Stuart condo market for the area in ZIP code 34997 had a fairly slow January to begin 2013.  Sales were off to only 3 units.  On a bit of a brighter note both the inventory and pending sales were up by healthy amounts.  This should result in some added activity for this segment of the market in the coming months.

The one month absorption rate is at  an atrocious 35 months.  This is an extreme buyers market for the Stuart Florida Market Report ZIP Code 34997.  Typically, a 6 month absorption rate signifies a balanced market that favors neither the buyer nor the seller. 

The January 2012 numbers were: 114 active listings, 24 pending sales and 13 closed sales.  Compared to January of 2012, this year’s market leaves a lot to be desired.  Almost all activity was softer in this segment for the beginning of 2013. 

 

 

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