Residential Market Report for September 2010 in Martin County, Florida

Residential Market Report for September 2010 in Martin County, Florida

The Martin County Residential Market Reports sales data of single family homes and townhomes as reported by the Realtor Association of Martin County.

Sales of residential units in Martin County were sluggish for September with a small decrease in volume from August and a little larger decrease from last year.  Inventory which has risen for the past three months showed a small decline.

On a positive note, the average sales price has risen.  In a careful analysis of sales this rise is from the increased number of sales of higher end homes rather than increases in values of existing homes.  For the middle to lower end of our market, prices have stabilized for those homes that have been updated and presented well.

The current charts follow:

Martin County Residential 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 September 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: Stuart, Florida Real Estate Residential Sales in Zip Code 34996

Market Report: Stuart, Florida Real Estate Sales
Zip Code 34996, Residential Sales for the Past 60 days


For the past 60 days, 7 homes have sold in the 34996 zip code area of Stuart, Florida.

There are currently 105 active listings.

15 Single family homes are pending and awaiting close.

Market report for Stuart, Florida Real Estate 34996 Zip Code

 

Search here for Stuart Florida Homes for Sale

Market Report: Stuart, Florida Real Estate Sales
Zip Code 34996, Residential Sales for the Past 60 days

Market Report: Stuart, Florida Real Estate Residential Sales in Zip Code 34997

Market Report: Stuart, Florida Real Estate Sales
Zip Code 34997, Residential Sales for the Past 30 days


For the past 30 days, 50 homes have sold in the 34997 zip code area of Stuart, Florida.

There are currently 590 active listings.

148 Residential sales are pending and awaiting close.

Market report for Stuart, Florida Real Estate 34997 Zip Code


Search here for Stuart Florida Real Estate for Sale

Market Report: Stuart, Florida Real Estate Sales
Zip Code 34997, Residential Sales for the Past 30 days

Market Report: Stuart, Florida Real Estate Residential Sales in Zip Code 34994

Market Report: Stuart, Florida Real Estate Sales
Zip Code 34994, Residential Sales for the Past 30 days


In the past 30 days, 7 homes have sold in the 34994 zip code area of Stuart, Florida.

There are currently 110 active listings.

25 Residential sales are pending and awaiting close.

Market report for Stuart, Florida Real Estate 34994 Zip Code

 

Search here for Stuart Florida Real Estate for Sale

Market Report: Stuart, Florida Real Estate Sales
Zip Code 34994, Residential Sales for the Past 30 days

VA Loans can help veterans achieve home ownership!

Florida’s Treasure Coast features dozens of prime locations for veterans to settle down after serving. And there may be no better way to use the VA Home Loan Benefit than to purchase a home along Treasure Coast, in great cities like Stuart and Port St. Lucie, Fla.

Active-duty service members and veterans have exclusive access to the Veterans Affairs Home Loan Guaranty program. Congress enacted the program in 1944 to abet returning World War II veterans in becoming homeowners, and accomplishing a sliver of the American dream.

Military families can use VA loans to buy a new home, refinance an existing home loan, upgrade a home or build on a property. When looking at property on the Treasure Coast, it’s key to remember that the maximum VA loan limit is $417,000. This means qualified service members and veterans can buy a home worth up to that amount at no money down.

Cited by borrowers as the program’s best perk, paying no money down is hard to come by these days. But that’s one of many advantages to the VA home loan program. Another immediate upside is the negotiable interest rate. Since the VA insures up to 25 percent of every VA loan, lenders are willing to lower interest rates. Furthermore, active-duty service members get capped interest rates.

Whether you want a home near Hutchinson Island or one more inland, a VA loan can save money in the long run, too. In addition to competitive interest rates, VA loan borrowers won’t pay private mortgage insurance every month. During the life of a loan, the absence of that monthly cost saves thousands of dollars. Other VA loan benefits include:
-No prepayment penalty
-Rolling a small VA funding fee into monthly payments
-Assistance to borrowers nearing default
-Favorable refinancing options
In addition to VA Loans, a program that can help military personnel afford a quality home is the Basic Allowance for Housing (BAH). When the government doesn’t provide housing to service members, it pays them BAH based on dependency status, pay grade and duty location. The government determines these payments based on civilians’ cost of living in your area.
BAH counts as reliable income, which helps qualify applicants for VA loans. Any form of reliable income makes for a more favorable debt-to-income ratio, which lenders will check before issuing VA loans.

Those who may be eligible for VA loans often fall into one of three categories:
-Service members who served 90 or 180 days of active duty during war or peacetime, respectively.
-Members of the Reserves or National Guard who served for at least six years.
-Spouses of those who died in the line of duty.
The first step in getting a VA loan is completing a Certificate of Eligibility (COE) from the VA or a VA-approved lender. COEs simply confirm that you meet the initial eligibility requirements.
If you’re looking to buy that Treasure Coast home with a breathtaking view, don’t hesitate to apply for a VA loan. The program’s myriad financial benefits make home buying an enjoyment rather than a stressor.

This post comes to you from James Kelley of VA Benefit Blog. A law school student at the University of Missouri, James Kelley works to educate the public on government financing options for home purchases. He is a co-founder of Military Basebook, a facebook application that helps connect military members based on where and when they served.