Stuart FL 34997 Residential Market Report February 2015

03.14.15 by

Stuart FL 34997 Residential Market Report February 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for February 2015

 

There are currently 373 active listings (Increased by 25 homes from January).

Stuart FL 34997 Residential Market Report February 2015

202 Residential sales are pending and awaiting close or lender approval (Increased by 4 homes from January).

Stuart FL 34997 Residential Market Report February 2015

72 Homes Sold in February (Decreased by 4 homes from January)

Stuart FL 34997 Residential Market Report February 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market.  We had a significant increase in inventory for February, though still under last years level.  Continued strong pending and closed numbers even if slightly off from last month.
     The current one month absorption rate increased to 5.2  months (was 4.6 months for January).  Still a sellers market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2013 numbers for February, were: 424 active listings, 184 pending listings and 63 closed sales.  For the first two months of 2015, activity has been superior to last year.
Stuart FL 34997 Residential Market Report February 2015

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Stuart FL 34997 Residential Market Report February 2015

 

Stuart FL 34996 Condo Market Report February 2015

03.13.15 by

Stuart FL 34996 Condo Market Report February 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for February 2015

For February 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 122 active condo listings (Down by 3 condos from last month).

Stuart FL 34996 Condo Market Report February 2015

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

Stuart FL 34996 Condo Market Report February 2015

25 Condos Sold in February (Increased by 2 condos from January) 

Stuart FL 34996 Condo Market Report February 2015

The Stuart FL 34996 Condo Market continues to show strong results for 2015.  My biggest concern is the continued decrease in inventory from last year.  This is somewhat surprising as prices are going up and I would have thought more condo owners would be listing during our peak season.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 4.9 months from January’s 5.4 months .  Moving to an even stronger sellers’ market for February.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for February 2013 were: 171 active listings, 52 pending sales and 30 closed sales.  When the decreased inventory for this year is factored into the data, the sales activity is better this year by percentage of available condos.

Stuart FL 34996 Condo Market Report February 2015

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Stuart FL 34996 Condo Market Report February 2015

Stuart FL 34996 Residential Market Report February 2015

03.12.15 by

Stuart FL 34996 Residential Market Report February 2015

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for February 2015

 

For February 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 158 active listings (Down by 2 homes from January).

Stuart FL 34996 Residential Market Report February 2015

39 Residential sales are pending and awaiting close or lender approval (Down by 2 homes from January).

Stuart FL 34996 Residential Market Report February 2015

12 Homes Sold in February (Increased by 5 homes from January).

Stuart FL 34996 Residential Market Report February 2015

The 34996 zip code area of the Stuart Florida residential real estate market rebounded a bit from a very poor start in January, though there’s still more room for improvement.   Increase closed sales along with a small decrease in pending sales and inventory for February.

The one month absorption rate for the 34996 zip code area of Stuart Florida for February increased to 13.2 months as compared to January’s 22.9 months.  A huge buyers’ market, though I suspect this will be a short time phenomenon.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for February of 2013 were: 152 active listings, 40 pending sales and 6 closed sales.  Very similar activity to Feb. 2014.  No significant differences other than double the number of closed sales.

Stuart FL 34996 Residential Market Report February 2015

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Stuart FL 34996 Residential Market Report February 2015

Stuart FL 34994 Condo Market Report February 2015

03.11.15 by

Stuart FL 34994 Condo Market Report February 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for February 2015

For February 2015 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 95 active condo listings (Down by 16 condos from January).

Stuart FL 34994 Condo Market Report February 2015

45 Condo sales are pending and awaiting close or lender approval. (Increased by 10 condos from last month) 

Stuart FL 34994 Condo Market Report February 2015

12 Condos Sold in February (Up by 3 condos from January).

Stuart FL 34994 Condo Market Report February 2015

The Stuart FL 34994 Condo market showed some excellent activity for February.   Inventory declined and both pending and closed sales showed improvements.

The one month absorption rate increased to 7.9 months compared to last month’s 12.3.  Still a buyer’s market but getting closer to a balanced one. 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 February the numbers were 130 active listings, 40 pending sales, and 17 closed sales.  Considerably less inventory for this year compared to 2014, but activity is still on a pra with last years numbers.

Stuart FL 34994 Condo Market Report February 2015

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Stuart Florida Market Report ZIP Code 34994 – Condo, February 2015

Stuart Florida Market Report ZIP Code 34994 Residential February 2015

03.10.15 by

Stuart Florida Market Report ZIP Code 34994 Residential February 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for February 2015

For February, 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 89 active listings (Increased by 4 homes from January)

Stuart Florida Market Report ZIP Code 34994 Residential February 2015

33 Residential sales are pending and awaiting close or lender approval (Decreased by 4 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential February 2015

11 Homes Sold in January (Up by 2 homes from January)

Stuart Florida Market Report ZIP Code 34994 Residential February 2015

The 34994 ZIP code area of the Stuart, Florida had a small increase in inventory for February 2015.  Closed sales were up slightly while pending sales decreased, though they are still fairly strong.

The one month absorption rate for the 34994 zip code for February decreased to 8.1 months from last months 9.9 months, still a buyers market for February.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The February 2013 numbers were 77 Active Listings, 34 pending sales and 9 closed sales.  A little better sold activity for this year, but this comes with increased inventory as compared to last year.  Overall, a bit sluggish market for the start of 2015, but it appears to be getting a little momentum.

Stuart Florida Market Report ZIP Code 34994 Residential February 2015

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential February 2015

Sewalls Point Single Family Market Report February 2015

03.09.15 by

Sewalls Point Single Family Market Report February 2015

Sewalls Point Real Estate Snapshot, Residential Sales for February 2015

 

There are currently 68 active listings (Increased by 10 homes since last month)

Sewalls Point Single Family Market Report February 2015

8 home sales are pending and awaiting close or lender approval (Down by two homes from January)

Sewalls Point Single Family Market Report February 2015

3 Homes sold in February (Unchanged from January)

Sewalls Point Single Family Market Report February 2015

The Sewalls Point single family homes market activity continues to have some difficulties. The inventory rose by 10 homes this month while pending sales were off and another month with only three sales.

The current absorption rate is 22.7 months, in January it was 19.3 months.  Sewalls Point single family home sales remain in an extreme buyers market for February.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to February of 2013, the inventory was 55 homes on the market, 17 pending sales and there were 2 closed sales.  Last year saw fewer sales in February, but much better pending activity.

Sewalls Point Single Family Market Report February 2015

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Sewalls Point Single Family Market Report February 2015

 

Sandpebble Condos Hutchinson Island March 2015 Market Update

03.08.15 by

Sandpebble Condos Hutchinson Island March 2015 Market Update

March 2015 Market Update for the Sandpebble Condo and Beach Club on Hutchinson Island in Stuart, Florida:

There are currently 6 active listings (3 river side and 3 ocean side).  Prices range from $245,000 to $6999,000 for an average of $385,433 which equals $265.40 per sq. ft. of living area.

There are no pending sales as of March 8, 2015.

In the past 12 months 16 condos have sold in Sandpebble.  9 river side and 7 on the ocean side.
Sales prices ranged from $185,000 to $364,900 for an average of $271,962 or $216.57 per sq. ft.  These sales averaged 93% of list price.  None of these sales were short sales or foreclosures.

Hutchinson Island Condos in Sandpebble, Stuart, Florida


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 Condos Hutchinson Island March 2015 Market Update

Sugar Hill Jensen Beach March 2015 Market Report

03.07.15 by

Sugar Hill Jensen Beach March 2015 Market Report

As of March 2015, there are 6 homes on the market in Sugar Hill in Jensen Beach, FL.  Listing prices range from $429,000 to $619,000 for an average list price of $483,566 which equates to $183.81 per sq. ft. of living area. None of these listings are distressed properties.

There is one Sugar Hill home under contract and awaiting settlement.  The list price was $419,000 which is $165.87 per sq. ft. of living area.

There have been 7 homes sold in the past 12 months in Sugar Hill.  Sales prices ranged from $300,000 to $600,000 for an average sales price of $455,714 which equals $158.05 per sq. ft. of living area and averaged 96% of list price. There was one bank owned foreclosure and one short sale in this set of sales.

Sugar Hill in Jensen Beach Florida

Sugar Hill in Jensen Beach is an eye pleasing high elevation neighborhood filled with upscale homes in Jensen Beach. All homes have very spacious yards that are surrounded with gorgeous Florida foliage. Most homes are timeless architectural works of beauty! Houses range from 2 to 5 bedrooms and 2 to 5 bathrooms, so whatever size you are looking for, Sugarhill is sure to have it. The neighborhood is located just minutes from all that Jensen Beach has to offer, like the beautiful stretches of beach on Hutchinson Island, the fantastic shopping at the Treasure Coast Square Mall, many restaurants you are sure to love, and our ‘A’ rated schools for all grade levels!

Sugar Hill in Jensen Beach FloridaSugarhill has very reasonable HOA fees of only $500.00 per year.

Sugar Hill in Jensen Beach Florida

The current Martin County Schools for Sugar Hill are Jensen Beach Elementary School, Stuart Middle School and Jensen Beach High School

Sugar Hill in Jensen Beach Florida

 

Here are the currently available homes in Sugar Hill in Jensen Beach

 

For any questions you may have about March 2015 Market Report for Sugar Hill in Jensen Beach, please call the Gabe Sanders BlueWater Realty team at 772-323-6996 or Contact Us Here

Jensen Beach Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Sugar Hill Jensen Beach March 2015 Market Report

Bayview Condos Indian River Plantation March 2015 Market Report

03.06.15 by

Bayview Condos in Indian River Plantation

Bayview in Indian River Plantation

Bayview in Indian River Plantation is one of the newer condominium complexes on Hutchinson Island in Stuart Florida.  Bayview is a gated sub-complex of the Indian River Plantation Marriott Resort and consists of 4 semi-circular buildings totaling 129 3 bedroom, 3 bathroom and 2 bedroom, 2 bathroom condos.  Living space ranges from 2,105 sq. ft. to 1,204 sq. ft.

 Bayview Condos in Indian River PlantationBayview Condos in Indian River Plantation

Most units have sweeping views of the Intracoastal Waterway also known as the Indian River.   Great location only minutes away from the Saint Lucie Inlet.  For boaters, there’s a full service Marina located on the grounds of the Indian River Plantation with slips available for lease.

Bayview Condos in Indian River Plantation Bayview Condos in Indian River Plantation

Bayview has a private heated pool and spa overlooking a lake as well as lovely manicured grounds for picnics or just a stroll by the water.  There’s also covered parking for all residents.

Bayview Condos in Indian River Plantation

Unit owners have the option of joining the Marriott Beach Club which allows access to an 18 hole golf course, another community pool and fitness center, professional tennis club and courts as well as access to a private beach resort on the shores of the Atlantic Ocean.

Association fees were in the neighborhood of $380 to $400 per month as of March 2015.  Fees include use of all Bayview facilities as well as exterior maintenance and upkeep and insurance.  Water, Sewer and basic cable TV service is also included.

For March 2015, there are four active listings in Bayview.  List prices range from $310,000 to $395,000 for an average list price of $342,500 which equals $255.11 per sq. ft. of living area.

There is one condo under contract and awaiting settlement.  It is listed for $328,500 which equates to $239.08 per sq. ft. of living area.

In the past 12 months, 5 condos have sold in Bayview with sales prices ranging from $299,000 to $530,000.  The average sales price was $389,200 which equals a $259.64 price per sq. ft. of living area.  Sales equaled a 94% list to sales price ratio.

None of the above activity in Bayview was a distressed sale.  No foreclosures or short sales.

Additional Indian River Plantation Condos you may wish to consider: 
Beachwalk – Dunes Club – Fairway Villas – Inlet Village – Lakeside – Ocean House – Ocean Terrace – Plantation Club Villas – Plantation House – Resort Villas – River Village – Riverbend – Riverwood – Tennis Villas

Lost Lake Hobe Sound March 2015 Market Report

03.05.15 by

Lost Lake Hobe Sound March 2015 Market Report

There are currently 6 homes available for sale in Lost Lake.  List prices range from $235,000 to $600,000 for an average of $347,800 which is $167.39 per sq. ft. of living area.  There is one foreclosure and one short sale in this group of listings

There are 8 homes under contract and awaiting settlement.  List prices range from $235,000 to $499,900 for an average of $347,111 or $160.67 per sq. ft. of living area.  There is one short sale in these pending listings.

In the past 12 months, 33 homes have sold in this community.  Sales prices ranged from $184,000 to $560,000 for an average sales price of $288,281 or $151.45 per sq. ft. of living area.  Sales averaged at 96% of list price.  There was only 1 distressed sale in this group, a bank owned foreclosure.

Lost Lake Golf Club Homes in Hobe Sound

18 holes of golf, a great club house, along with statuesque homes filling the beautifully landscaped streets, ideal views of open fields and small lakes in a peaceful neighborhood; Lost Lake could be your dream neighborhood in Hobe Sound.

Lost Lake Golf Club Homes in Hobe Sound

Located just west of US-1 in Martin County, Lost Lake sits in a peaceful area close to shopping in Hobe Sound, Stuart and only a few minutes further to Jupiter.  Lost Lake is located very close to the mariner’s destination known as Peck Lake, great for weekends out on the boat!  Just minutes to the beaches as well.  Lost Lake can be the location for your dream home tomorrow!

Lost Lake Golf Club Homes in Hobe Sound

There are 600 homes in the Lost lake community.  Three gated entries control entrance into this subdivision.  Homes were first built in 1992 and the last ones were completed in 1999.  Home sizes range from 4 Bedroom, 3 Bathroom with over 3,000 sq. ft. of living area down to attached villas with 2 Bedrooms, 2 Bathrooms and 1,399 sq. ft. of living area.  Golf course membership is not mandatory and there are very reasonable HOA fees that vary depending on the location and sub-community.  ($110 to $190 per month)

Lost Lake Golf Club Homes in Hobe Sound

Please call us for more information as well as a tour of the facilities and homes.

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Vista Pines March 2015 Market Update

03.04.15 by

Vista Pines March 2015 Market Update

For March 2015 all of the recently available condos in Vista Pines have either been sold or under contract.  There are no active listings at this time.

There are three condos pending, awaiting settlement.  Prices range from $39,900 to $57,900 for an average of $48,933 which equals $54.13 per sq. ft. of living area.   None of these condo listings are distressed sales.

In the past 12 months, there have been 25 sales in Vista Pines.  Sales prices ranged from $27,000 to $74,500 for an average sales price of $44,456 or $46.92 per sq. ft. of living area.  These sales averaged in at 93% of list price and two of these sales were bank owned foreclosures.  There were no short sales.

Vista Pines Condos in Stuart FL

 

The Vista Pines condominium complex consists of over 517 condos very conveniently located on SE Ocean Blvd. just in between the downtown Stuart area and the beaches of Hutchinson Island.  Also, close to restaurants, grocery stores and medical facilities that are within walking distance for many.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

Vista Pines condos were first built in 1970 and the last one was completed in 1973.   All the buildings are two story and contain both 2 Bedroom, 2 Bath and 1 Bedroom 1 Bath units.  Sizes range from 1,089 sq. ft. of living space down to 679 sq. ft. 1 bedroom units.  Buildings are situated to maximize privacy and for serene views of green space.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

There’s an active clubhouse with a large swimming pool as well as shuffleboard courts.  No pets are permitted in Vista Pines and this is an age restricted (55+) community.  The HOA fees as of August 2014 were from the low $200’s for a 1 Bedroom unit to just over $300 per month for 2 Bedroom condos.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

Search for currently available condos in Vista Pines

Emerald Lakes Stuart FL March 2015 Market Update

03.03.15 by

Emerald Lakes Stuart FL March 2015 Market Update

For march 2015 there are 9 homes for sale in Emerald Lakes.  Listing prices range from $113,500 to $209,900 for an average list price of $147,377 which equates to $109.83 per sq. ft.  There are no distressed sales (short sales or foreclosures) in this group of active listings.

There are currently 5 homes under contract.  List prices are from $129,900 to $229,900 for an average of $159,900 which equals $108.03 per sq. ft. of living area.  There is one bank owned foreclosure in this group of pending sales.

In the past 12 months there have been 41 sales in Emerald Lakes.  Sales prices ranged from $82,000 to $203,000 for an average of $123,232 or $86.59 per sq. ft. of living space.  These sales averaged at 95% of list price.  There were 3 bank owned foreclosures and no short sales in this group of sold homes.

Emerald Lakes Town Homes and Villas in Stuart FL

The community of Emerald Lakes lies n the Port Salerno area of Stuart, Florida and consists of 400 2 and 3 bedroom town homes and 130 single family villas.  The town homes and villas are governed by two separate home owners association yet share many of the same amenities.

Emerald Lakes Town Homes and Villas in Stuart FLEmerald Lakes Town Homes and Villas in Stuart FL

Spread out over 100 acres of beautiful Florida landscape, with 3 ‘Emerald Lakes’, miles of walking paths, 7 tennis courts, 3 heated pools and two club houses.  Very conveniently located within walking distance of a Publix Grocery store, Beall’s, Walgreem’s, Banks, Gold’s Gym, etc.

Emerald Lakes Town Homes and Villas in Stuart FL Emerald Lakes Town Homes and Villas in Stuart FL

Just a few miles away are numerous Golf Courses, Martin County’s famous waterways, marinas  and beaches  and also within minutes of I-95 for easy access to locations both north and south.  Fort Lauderdale is only a little over an hour to the south and Disney World is just over 2 hours to the north.  A perfect location!

Emerald Lakes Town Homes and Villas in Stuart FL

Residents of Emerald lakes enjoy the good life with low HOA fees and an excellent management staff for both Home Owners’ Associations.

Currently Available Homes and Town Homes in Emerald Lakes

 

January 2015 Monthly Market Detail St Lucie County Townhouses and Condos

03.02.15 by

January 2015 Monthly Market Detail St Lucie County Townhouses and Condos

The January 2015 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors began 2015 with much weaker activity after a very strong December of 2014. Closed sales was down by 1.2% (was up by 29.8% in December) while new sales under contract (new pending sales) increased by 15.9% (was up by 20.2% in December).

The median sales price was up by 3.9% (up 8.3% in December) and the average sales price decreased by 10.1% (was down by 5.1% in December). Prices for townhouses and condos in the St Lucie County market have been erratic for the past few months. These differences in median and average prices indicate more sales in the lower end of the price ranges for St Lucie County townhouses and condos.

The inventory of available townhouses and condos increased by 11 units from last month to 694 properties, which is still down by 24.6% from last January. Current supply of inventory increased to 6.6 months from December, which was 6.5 months. This is 26.4% lower than last year. The St. Lucie County townhouse and condo market remains is slipping into a buyers market for the short term. It is good to see a continued increase in inventory for January after many months of decreases.

St Lucie County Townhouses and Condos

Click here to view or download the full report:
January 2015 Monthly Market Detail St Lucie County 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.

January 2015 Monthly Market Detail St Lucie County Townhouses and Condos

January 2015 Monthly Market Detail St Lucie County Single Family Homes

03.01.15 by

January 2015 Monthly Market Detail St Lucie County Single Family Homes

January 2015 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors began the year with a bit of a whimper as compared to last years activity.  Closed sales were unchanged (in December they were up by 6.7%) and new sales under contract (new pending sales) decreased by 5.7% (they were up by 10.5% last month).

Both median and average sales prices were up significantly (year to year) by 23.4% and 17.9% respectively from last January (For December these numbers were 16.3% and 14.8%).  Stronger increases in value at more than triple the statewide averages.  While this is an excellent metric for prospective home sellers, it is a bit of a concern for future sales as St Lucie County homes are rapidly becoming more expensive.

The inventory of active listings increased in January (from last month) by 96 homes to 1,748, which is still lower than last year’s inventory by 14.3%. The current supply of inventory is only 3.8 months (a 24.4% decrease from last year). A very strong sellers market for the Saint Lucie County single family home market.  Hopefully we will continue to see strong results for the single family real estate market in St Lucie County.

St Lucie County Single Family Homes

Click here to view or download the full report:
January 2015 Monthly Market Detail St Lucie County 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.

January 2015 Monthly Market Detail St Lucie County Single Family Homes

January 2015 Monthly Market Detail Martin County Townhouses and Condos

02.28.15 by

January 2015 Monthly Market Detail Martin County Townhouses and Condos

January 2015 Monthly Market Detail Martin County Townhouses and Condos began the year as it ended 2014 with continued strong activity . Year to year closed sales were up by 23.6% (was up by 31.3% in December) as well as new sales under contract (new pending sales) increased by 19% from January 2014 (was up by 10.8% in December).

The median sales price was up by 7.5% (was down by 18.2% in December) while the average sales price dropped by 2.2% (was down by 13.6% in December) as compared to January of 2014.  The rate of price increases seem to have stalled somewhat for townhouses and condos the past few months.

The inventory of available townhouses and condos has increased by 5 units to 514 properties from last month, though this is still 20.9% less inventory than was available in January of 2014.  For January there was a 4.7 month supply of inventory (a 24.1% decrease from last year).  A strong sellers market for townhouses and condos in Martin County for January 2015.

Martin County Townhouses and Condos

Click here to view or download the full report:
January 2015 Monthly Market Detail Martin County 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.

January 2015 Monthly Market Detail Martin County Townhouses and Condos

January 2015 Monthly Market Detail Martin County Single Family Homes

02.27.15 by

January 2015 Monthly Market Detail Martin County Single Family Homes

The January 2015 Monthly Market Detail Martin County Single Family Homes began the year with some very strong activity, bucking the trend for much of the rest of the State.  Year to year closed sales was up by 18.8% (was down 8.6% in December). New pending sales increased by 44.3% as compared to January of 2014 (increased by 13.7% in December).

The median sales price was down by 2.1% from last year (down by 5.9% in December) while the average price increased by an impressive 31% (was up by 29% last month).  Two months in a row of impressive average price increases while median prices decreased.  An indication of some higher priced sales.

The inventory of available single family homes increased from December 2014 by 28 homes to 1,1313 units this month, and is a 3.7% increase from last January.  Current supply of inventory remained at 6.2 months. (a 6.8% decrease from last year). Martin County single family home sales remain in a balanced market favoring neither the buyer nor seller.  Activity was very robust for a January, when typically sales are slightly off.

Martin County Single Family Homes

Click here to view or download the full report:
January 2015 Monthly Market Detail Martin County 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.

January 2015 Monthly Market Detail Martin County Single Family Homes

January 2015 Monthly Market Detail Florida Townhouses and Condos

02.25.15 by

January 2015 Monthly Market Detail Florida Townhouses and Condos

The January 2015 Monthly Market Detail Florida Townhouses and Condos for the state of Florida indicates a pretty weak month for the start of 2015.  Closed sales were down by 11.3% as compared to last months increase of 11.3% and new sales under contract (new pending sales) decreased by 0.8% (December’s decrease was 1.4%).

Both median and average sales prices, however, continue to rise.  Increases of (year to year) 5.4% and 3.2% respectively (in December they were up by 8.4% and 8.8%).  Considerably slower rates of increase than for most of the past months.

The inventory increased by 3.5% for January.  This was the first increase after two months of flat inventory numbers. For January 2015 we have a 6.2 months supply of inventory (was 5.9 months in December) which is up from 5.5% from last year.  A 6 months inventory supply is considered a balanced market.  The townhouse and condo market for Florida is not performing nearly as well as the single family real estate market.

Florida Townhouses and Condos

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
January 2015 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.

January 2015 Monthly Market Detail Florida Townhouses and Condos

January 2015 Monthly Market Detail Florida Single Family Homes

02.24.15 by

January 2015 Monthly Market Detail Florida Single Family Homes

The January 2015 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors indicates continued growth of market activity for the single family real estate market when compared to last January. Closed sales were up by 10% (was up by 15.8% in December) and new sales under contract (new pending sales) increased by 10.5% (was up by 6.4% in December).

Both median and average sales prices continue to rise ( January 2014 to January 2015) by 7.9% and 7.4% respectively, compared to December’s 6.9% and 5.9%.  Once again it seems that prices are poised for some healthy gains as interest rates remain very low making home loans more affordable.

The inventory of available homes for sale rose by 4.4% from last year. This is now a full 16 months of increased inventory.  The rate of inventory increases has declined significantly from previous months and this is an important statistic to watch for the future. For this month there was only a 5.3 months supply of inventory, this is a sellers market with the advantage for sellers. (January of 2014 had a 5.5 month supply)

Florida Single Family Homes

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January 2015 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.

January 2015 Monthly Market Detail Florida Single Family Homes

Hobe Sound FL 33455 Condo Market Report January 2015

02.22.15 by

Hobe Sound FL 33455 Condo Market Report January 2015

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for January 2015

 

For January 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 17 active condo listings. (Up by 4 condos from December)

Hobe Sound FL 33455 Condo Market Report January 2015

3 Condo sale is pending and awaiting close. (Down by 3 condos from December)

 Hobe Sound FL 33455 Condo Market Report January 2015

3 Condos sold in December (Decreased by 2 condos from December)

Hobe Sound FL 33455 Condo Market Report January 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory rose for January for the second month in a row.  A welcome sight.   While closed and pending sales decreased from last month, this is still a very active segment of the Martin County real estate market.

The current absorption rate is 5.7 months (Last month it was 2.6 months). The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that January not indicate a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The January 2014 numbers were: 22 active listings, 4 pending sales and 1 closed sales.  For the past three months, even with such limited inventory, the Hobe Sound condo market has performed much better than last year.

Hobe Sound FL 33455 Condo Market Report January 2015

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Hobe Sound FL 33455 Condo Market Report January 2015

 

Hobe Sound FL 33455 Residential Market Report January 2015

02.21.15 by

Hobe Sound FL 33455 Residential Market Report January 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for January 2015

  For January 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 231 active listings. (Down by 12 homes from December)

Hobe Sound FL 33455 Residential Market Report January 2015

67 Residential sales are pending and awaiting close  (Decreased by 4 homes from December)

Hobe Sound FL 33455 Residential Market Report January 2015

33 Homes Sold in January (Up by 13 homes from last month)

Hobe Sound FL 33455 Residential Market Report January 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County is in quite a roller coaster ride these past few months.  We closed the year off with a positive note as closed sales came back up nicely.  Unfortunately pending sales decreased a little and the inventory continues to decline as well.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 decreased to 7 months (12.2 months in December).  We’re edging back into a balanced market for Hobe Sound.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for January 2013 were:  266 active listings, 75 pending sales and 43 closed sales.   We have lower inventory this year when compared to 2013.  Also, a reduced market activity as well.

Hobe Sound FL 33455 Residential Market Report January 2015

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Hobe Sound FL 33455 Residential Market Report January 2015