Palm City FL 34990 Condo Market Report March 2015

04.18.15 by

Palm City FL 34990 Condo Market Report March 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for March 2015

 

For March 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 48 active condo listings. (Down by 6 condos from February)

Palm City FL 34990 Condo Market Report March 2015

15 Condo sales are pending and awaiting close or lender approval. (Increased by 2 condos from last month)

Palm City FL 34990 Condo Market Report March 2015

6 Condos Sold in March. (Up by 2 condos from February)

Palm City FL 34990 Condo Market Report March 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Both pending and closed sales were up for March while our inventory of available condos for sale continues to shrink.

The current absorption rate for condos in the 34990 zip code area declined to 8 months (was 13.5 months in August).   An improvement from last month, and approaching a balanced market.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The March 2013 numbers were: 57 active listings, 5 pending sales and 1 closed sales.   Considerably better activity for this year, even with the reduced inventory of available condos for sale.
 Palm City FL 34990 Condo Market Report March 2015

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Palm City FL 34990 Condo Market Report March 2015

Palm City FL 34990 Residential Market Report March 2015

04.17.15 by

Palm City FL 34990 Residential Market Report March 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for March 2015

 

For March 2015 in the 34990 Zip Code area of Palm City Florida :


There are currently 435 active listings (Decreased by 15 homes from February)

Palm City FL 34990 Residential Market Report March 2015

  188 Residential sales are pending and awaiting close or lender approval. (Increased by 24 homes from last month)

Palm City FL 34990 Residential Market Report March 2015

68 Homes Sold in February (Increased by 13 sold homes from February)

Palm City FL 34990 Residential Market Report March 2015

The Palm City FL 34990 residential real estate rebounded for March with some strong gains in both pending and closed sales.  Unfortunately, a decrease in inventory bringing us below last years levels.
 The current absorption rate dropped to 6.4 months from 8.2 months in February. Back into a balanced buyer’s market for Palm City residential real estate market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The March 2013 numbers were:  440 active listings, 169 pending sales and 48 closed sales.  Considerably stronger activity for 2015 than as compared to last year, which started out fairly slow after a very heated 2013.

Palm City FL 34990 Residential Market Report March 2015

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Palm City FL 34990 Residential Market Report March 2015

Stuart FL 34997 Condo Market Report March 2015

04.15.15 by

Stuart FL 34997 Condo Market Report March 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

For March 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 43 active condo listings (Down by 1 condo from February).

Stuart FL 34997 Condo Market Report March 2015

31 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from February).

Stuart FL 34997 Condo Market Report March 2015

15 Condos Sold in March (Increased by 2 condos from February).

Stuart FL 34997 Condo Market Report March 2015

The Stuart FL condo market for zip code 34997 is showing very strong sales activity.  Unfortunately the available inventory of condos for sale is now very low and will impact future sales.  For this month, both closed and pending sales activity increased.
The one month absorption rate is now a very striking 2.9 months after last months amazing 3.4 month rate.  Continuing as an extreme seller’s market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The March 2013 numbers were: 90 active listings, 45 pending sales and 10 closed sales.   Strong activity as compared to last year, but with less than half of the available inventory of condos for sale in this zip code.

Stuart FL 34997 Condo Market Report March 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

 

Stuart FL 34997 Condo Market Report March 2015

04.15.15 by

Stuart FL 34997 Condo Market Report March 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

For March 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 43 active condo listings (Down by 1 condo from February).

Stuart FL 34997 Condo Market Report March 2015

31 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from February).

Stuart FL 34997 Condo Market Report March 2015

15 Condos Sold in March (Increased by 2 condos from February).

Stuart FL 34997 Condo Market Report March 2015

The Stuart FL condo market for zip code 34997 is showing very strong sales activity.  Unfortunately the available inventory of condos for sale is now very low and will impact future sales.  For this month, both closed and pending sales activity increased.
The one month absorption rate is now a very striking 2.9 months after last months amazing 3.4 month rate.  Continuing as an extreme seller’s market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The March 2013 numbers were: 90 active listings, 45 pending sales and 10 closed sales.   Strong activity as compared to last year, but with less than half of the available inventory of condos for sale in this zip code.

Stuart FL 34997 Condo Market Report March 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

 

Stuart FL 34997 Residential Market Report March 2015

04.14.15 by

Stuart FL 34997 Residential Market Report March 2015

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

 

There are currently 351 active listings (Decreased by 21 homes from February).

Stuart FL 34997 Residential Market Report March 2015

211 Residential sales are pending and awaiting close or lender approval (Increased by 9 homes from February).

Stuart FL 34997 Residential Market Report March 2015

87 Homes Sold in March (Increased by 15 homes from February)

Stuart FL 34997 Residential Market Report March 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.  The inventory gain we had in February has now been erased for March.  Solid increases in both pending and closed sales.
     The current one month absorption rate increased to 4  months (was 5.2 months for February).  A very strong seller’s 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 March, were: 416 active listings, 192 pending listings and 98 closed sales.  Considering the reduced inventory from last year, better activity for 2015.
Stuart FL 34997 Residential Market Report March 2015

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Stuart FL 34997 Residential Market Report March 2015

 

Stuart FL 34996 Condo Market Report March 2015

04.13.15 by

Stuart FL 34996 Condo Market Report March 2015

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

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

There are currently 110 active condo listings (Down by 12 condos from last month).

Stuart FL 34996 Condo Market Report March 2015

61 Condo sales are pending and awaiting close or lender approval (Increased by 1 condos from February).

Stuart FL 34996 Condo Market Report March 2015

36 Condos Sold in March (Increased by 11 condos from February) 

Stuart FL 34996 Condo Market Report March 2015

The Stuart FL 34996 Condo Market was very strong for March.  This is the height of our condo season for those purchasing second home getaways from the cold and snowy conditions up north as well as those moving here permanently for a more relaxed and convenient Florida lifestyle.  Sales and pending sales both increased and remained strong.  Unfortunately our inventory is down to historically low levels.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 3.1 months from February’s 4.9 months .  Moving to a pretty extreme sellers’ market for March.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for March 2013 were: 150 active listings, 55 pending sales and 34 closed sales.  Even with close to 30% less inventory, there was better sales and pending activity for this year as opposed to March 2014.

Stuart FL 34996 Condo Market Report March 2015

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Stuart FL 34996 Condo Market Report March 2015

Stuart FL 34996 Residential Market Report March 2015

04.12.15 by

Stuart FL 34996 Residential Market Report March 2015

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

 

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

 

There are currently 166 active listings (Up by 8 homes from February).

Stuart FL 34996 Residential Market Report March 2015

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

Stuart FL 34996 Residential Market Report March 2015

21 Homes Sold in March (Increased by 9 homes from February).

Stuart FL 34996 Residential Market Report March 2015

The 34996 zip code area of the Stuart Florida residential real estate market continues to show improvement from a fairly anemic beginning of the year for 2015, though there’s still more room for improvement.   Increase closed sales as well as inventory, along with a small decrease in pending sales for March.

The one month absorption rate for the 34996 zip code area of Stuart Florida for March decreased to 7.9 months as compared to February’s 13.2 months.  Still a buyers’ market, though the trend is towards a balanced market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for March of 2013 were: 162 active listings, 47 pending sales and 15 closed sales.  We experienced more  closed sales  this year, but the pending (future) sales activity was better last year.

Stuart FL 34996 Residential Market Report March 2015

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Stuart FL 34996 Residential Market Report March 2015

Discounted Stuart Air Show Tickets Available

04.11.15 by

Discounted Stuart Air Show Tickets Available

2015 Stuart Air Show

Discounted Stuart Air Show tickets are now available for $15.00 for the 2015 Stuart Air Show.  Scheduled for Oct. 30 to Nov. 1 at the Martin County Airport – Witham Field. This year’s show will feature three military acts including the Navy F-18, the US Air Force F-16, and the Army Golden Knights as well as numerous other aerial acts as well as static display aircraft.  Food, fun and games for the entire family.

These early pre-sale tickets are only available online at http://www.stuartairshow.com. Ticket prices at the gate will be $25.

 

Stuart FL 34994 Condo Market Report March 2015

04.10.15 by

Stuart FL 34994 Condo Market Report March 2015

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

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

 

There are currently 95 active condo listings (Same number of condos from February).

Stuart FL 34994 Condo Market Report March 2015

46 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from last month) 

Stuart FL 34994 Condo Market Report March 2015

19 Condos Sold in March (Up by 7 condos from February).

Stuart FL 34994 Condo Market Report March 2015

The Stuart FL 34994 Condo market showed strong activity for March 2015.  The inventory remained stable while pending sales also remained similar, though very strong.  Closed sales were up.

The one month absorption rate decreased to 5 months compared to last month’s 7.9.  Back into a seller’s market.  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 March the numbers were 111 active listings, 55 pending sales, and 13 closed sales.  Considerably less inventory for this year compared to 2014, but closed sales are greater this year, while pending sales are lower.

Stuart FL 34994 Condo Market Report March 2015

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

Stuart Florida Market Report ZIP Code 34994 Residential March 2015

04.09.15 by

Stuart Florida Market Report ZIP Code 34994 Residential March 2015

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

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

There are currently 76 active listings (Decreased by 13 homes from February)

Stuart Florida Market Report ZIP Code 34994 Residential March 2015

45 Residential sales are pending and awaiting close or lender approval (Increased by 12 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential March 2015

16 Homes Sold in February (Up by 5 homes from February)

Stuart Florida Market Report ZIP Code 34994 Residential March 2015

The 34994 ZIP code area of the Stuart, Florida showed some excellent activity for the month.  Both pending and closed sales increased very nicely.  Unfortunately, the active inventory is down and may impact future market activity as there is just not enough homes to choose from.

The one month absorption rate for the 34994 zip code for March decreased to 4.8 months from last months 8.1 months, transitioning into a strong seller’s market for March.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The March 2013 numbers were 80 Active Listings, 35 pending sales and 10 closed sales.  A little better sold activity for this year, but this comes with increased inventory as compared to last year.  Considerably better activity for 2015 as compared to last March.

Stuart Florida Market Report ZIP Code 34994 Residential March 2015

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential March 2015

Sewalls Point Single Family Market Report March 2015

04.08.15 by

Sewalls Point Single Family Market Report March 2015

Sewalls Point Real Estate Snapshot, Residential Sales for March 2015

 

There are currently 72 active listings (Increased by 4 homes since last month)

Sewalls Point Single Family Market Report March 2015

17 home sales are pending and awaiting close or lender approval (Up by 9 homes from February)

Sewalls Point Single Family Market Report March 2015

3 Homes sold in March (Unchanged from February)

Sewalls Point Single Family Market Report March 2015

The Sewalls Point single family homes market activity continues to have some difficulties, though there is some glimmer of better activity to come with a large increase in pending sales for this month.  Closed sales remained unchanged and the inventory was up by four homes.

The current absorption rate rose to 24 months, in February it was 22.7 months.  Sewalls Point single family home sales remain in an extreme buyers market for March.  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 March of 2013, the inventory was 61 homes on the market, 17 pending sales and there were 4 closed sales.  Very similar sales activity as compared to last year, but with greater inventory this year.

Sewalls Point Single Family Market Report March 2015

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Sewalls Point Single Family Market Report March 2015

 

Maritimes April 2015 Market Update

04.05.15 by

Maritimes April 2015 Market Update

As of April 2015, there are 3 condos on the market in the Maritimes Condos and Townhomes on Hutchinson Island in Stuart FL.  Listing prices range from $214,900 to $685,000 with an average list price of $399.633 which equals $228.12 per sq. ft. of living area.  None of these condos are distressed sales.  (No foreclosure, bank owned or short sales.)

There is 1 condo pending and awaiting settlement.  The list price is $299,500 which equates to $148.64 per sq. ft. of living area.

There have been 3 condos sold in the past 12 months in the Maritimes.  The sales prices ranged from $200,000 to $381,500 for an average sales price of $307,833 which is equal to $190.12 per sq. ft. of living area and these sales were at 93% of the listing price.  Interestingly, the highest priced sale in the past 12months was a bank owned foreclosure.  There were no other distressed sales.

Maritime Condos and Townhomes on Hutchinson Island

Entrance to the Maritimes

 

Maritime Condos and Townhomes on Hutchinson Island

Beach Access at the Maritimes

The Maritimes is one of the prime ocean to river communities on South Hutchinson Island in Stuart, FL.  Offering larger than normal homes on both the river and Oceanside settings.  The riverside (or Maritimes West has a lovely private sand beach with kayak storage for those not wishing to play in the surf or for those days when the it’s a bit windy on the beach side.  The Oceanside (Maritimes East) has private beach access as well as a heated pool when you’re finished frolicking in the crystal clear waters of the Atlantic Ocean.

 

Maritime Condos and Townhomes on Hutchinson Island

Docks of the Maritimes

Maritime Condos and Townhomes on Hutchinson Island

Views from the Maritimes

The Maritimes condos were constructed between 1975 and 1988.  With the oceanfront units being built first.  Living square footage range from just under 1300 sq. ft. 2 Bedroom condos to over 2100 sq. ft .condos and townhouses with 3 Bedrooms plus dens and a garage.

Maritime Condos and Townhomes on Hutchinson Island

Kayak Storage at the Maritimes

Maritime Condos and Townhomes on Hutchinson Island

River views from the Maritimes

Maritime Condos and Townhomes on Hutchinson Island

Tennis Court of the Maritimes


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Maritimes April 2015 Market Update

Lost River Plantation April 2015 Market Update

04.04.15 by

Lost River Plantation April 2015 Market Update

As of April 2015, there are 7 available homes for sale in the Lost River Plantation community of Stuart, FL.  Prices range from $449,000 to $875,000 for an average price of  $650,271 which equals $227.01 per sq. ft. of living area.

There is 1 home under contract which is listed for $592,700 or $208.33 per sq. ft. of living area.

In the past 12 months, there have been 12 sales ranging in sales prices from $349,900 to $710,000 for an average sales price of $489,116 which comes out to $191.73 per sq. ft. of living area.  Sales prices averaged 96% of the list price.  Three of these sales were short sales and two were bank owned foreclosures.

 Lost River Plantation April 2015 Market Update

Lost River Plantation in Stuart, Florida consists of 111 homes all with private docks and Ocean access via the South Fork of the Saint Lucie River.  All, but just a handful of the homes have waterfront and dockage located in the backyard.  Suitable for deep draft ocean going vessels with some docks able to accommodate over 50’ vessels.  All homes are of newer construction (from 2004 to the present).  There are a limited number of new homes not on the MLS available now or to be built, please call us for details.

Lost River Plantation April 2015 Market UpdateLost River Plantation April 2015 Market Update

This is a spectacular waterfront community with very private and protected waterfront areas.  There is a community marina with a clubhouse that offers a fitness center, kitchen and social rooms.  For those wishing to commute to pints north or south, Lost River is very conveniently located near the Interstate for easy access.  Yet, it’s only 10 to 20 minutes’ drive to the pristine beaches and  quaint downtown areas of Stuart, Florida.  Also close to shopping, restaurants as well as medical facilities.  Lost River Plantation is a tremendous opportunity for newer waterfront construction.  A rare gem in this real estate market!

Lost River Plantation April 2015 Market UpdateLost River Plantation April 2015 Market Update

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Lost River Plantation April 2015 Market Update

 

Vista Pines Condo Stuart FL Just Listed

04.04.15 by

Vista Pines Condo Stuart FL Just Listed

2600 SE Ocean Blvd. Suite JJ-16 has just been placed on the market and is available for immediate occupancy.  List price is only $49,995.

Vista Pines in Stuart FL

Check out this light and bright 2nd floor condo in desirable Vista Pines. Amenities include a newer carpet, a/c, dishwasher and garbage disposal. Lots of storage including a walk in closet/pantry. This unit is towards the front of the complex making it close to everything: Fresh Market, library, medical facilities and doctors, restaurants, shopping, the beaches, and more. This is an Active 55+ community with lots of activities in the clubhouse: including, pool tables, workshop, exercise room, a heated pool and shuffleboard courts. What a great place to live!

Vista Pines in Stuart FL Vista Pines in Stuart FL

View additional pictures of this Affordable Stuart Condo in Vista Pines.

Vista Pines in Stuart FL Vista Pines in Stuart FL

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Vista Pines Condo Stuart FL Just Listed

Sewalls Landing April 2015 Market Update

04.03.15 by

Sewalls Landing April 2015 Market Update

As of April 2015, there are three homes available for sale in Sewalls Landing with prices from $515,000 to $819,000 for an average price per sq. ft. of $249.41

There are two homes under contract which have not yet closed.  List prices were $425,000 and $515,000 for an average list price of $206.34 per sq. ft. of living area.

In the past 12 months, 4 Sewalls Landing homes have sold.  Sales prices ranged from $435,000 to $572,000 for an average sales price of $482,500 which equals $214.45 per sq. ft. of living area. These sales averaged for 94% of list price.

There were no short sales or foreclosures (distressed sales) in any Sewalls Landing transactions this year.

 Sewalls Landing Jensen Beach FL

 Sewalls Landing is located at the northern tip of Sewalls Point, FL in Martin County.  Officially it is in Jensen Beach, but many residents of Sewalls landing consider themselves part of Sewalls Point.   Just across the street from the Dolphin Bar and Grill and within walking distance of marinas, boat ramps, Indian Riverside Park and much, much more.
Sewalls Landing Jensen Beach FLThis gated community consists of 51 home-sites (including 3 lots that are still vacant).  Homes in Sewalls Landing were built from 1992 to 2008 and are situated on generous sized lots from just under ½ acre to over ¾ of an acre.  Home sizes range from 2,000 to over 5,000 square feet of living areas.  Many homes feature 3 car garages.  Residents enjoy low HOA fees of $110 per month.
Sewalls Landing Jensen Beach FL

Children attend Felix Williams Elementary, Stuart Middle and Jensen Beach High Schools.  Easy access to the beaches as it’s just about equidistant from both the Stuart and Jensen Beach Causeways.  Close to shopping and medical facilities as well.  This is a much sought after community in Martin County, FL.

 Sewalls Landing Jensen Beach FL

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Sewalls Landing April 2015 Market Update

Updated Emerald Lakes Townhouse Just Listed

04.01.15 by

Updated Emerald Lakes Townhouse Just Listed

Updated Emerald Lakes Townhouse

A beautifully updated Emerald Lakes townhome featuring a modified open kitchen with granite countertops and newer appliances (2 years old). This 2 BR, 2 and 1/2 Bath townhouse has lake views from both bedrooms.  Only a short walk to one of two community pools and tennis courts.  This townhouse has new carpets, new washer and dryer and new hurricane and impact resistant PGT sliding windows. Dual sinks and Corian counters in the master bathroom. 2 assigned parking spaces plus ample guest parking. A great location close to shopping, beaches, restaurants, medical facilities and historic downtown Stuart. Emerald Lakes is available for all ages and 2 pets under 40 lbs. are permitted. A wonderful opportunity for an affordable Stuart home.  The list price for this Emerald Lakes townhouse is $144,900.

Updated Emerald Lakes Townhouse Updated Emerald Lakes Townhouse

The community of Emerald Lakes lies in the Port Salerno area of Stuart, Florida and consists of 400 2 and 3 bedroom townhomes 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.

 Updated Emerald Lakes Townhouse SAMSUNG DIGITAL CAMERA

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, Walgreen’s, Banks, Gold’s Gym, etc.

Updated Emerald Lakes Townhouse

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!

Updated Emerald Lakes Townhouse

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

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Updated Emerald Lakes Townhouse Just Listed

February 2015 Monthly Market Detail St Lucie County Townhouses and Condos

03.31.15 by

February 2015 Monthly Market Detail St Lucie County Townhouses and Condos

The February 2015 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors rebounded for February after a fairly weak start for 2015. Closed sales was up by 19.5% (was down by 1.2% in January) while new sales under contract (new pending sales) increased by 5.7% (was up by 15.9% in January).

The median sales price was up by 71.3% (up 3.9% in January) and the average sales price increased by 41.8% (was down by 10.1% in January). Prices for townhouses and condos in the St Lucie County market have been erratic for the past few months. Though for this month, these are some very significant price gains.

The inventory of available townhouses and condos decreased by 6 units from last month to 688 properties, which is also down from last February by 26.9%. Current supply of inventory decreased to 6.4 months from January, which was 6.6 months. This is 29.4% lower than last year. The St. Lucie County townhouse and condo market is in a balanced market showing no advantage to either buyers or sellers.

February 2015 Monthly Market Detail St Lucie County Townhouses and Condos

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February 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.

February 2015 Monthly Market Detail St Lucie County Townhouses and Condos

February 2015 Monthly Market Detail St Lucie County Single Family Homes

03.30.15 by

February 2015 Monthly Market Detail St Lucie County Single Family Homes

February 2015 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors is showing reduced activity as compared to last year, though prices continue to rise.  Closed sales were down by 9.5% (in January they were unchanged from last year) and new sales under contract (new pending sales) decreased by 0.5% (they were down by 5.7% last month).

Both median and average sales prices continue their rise by 15.2% and 18.9% respectively from last February (For January these numbers were 23.4% and 17.9%).  These price increases, while good news for sellers, are having a negative effect on the volume of sales.

The inventory of active listings increased in February (from last month) by 79 homes to 1,827, but this is still lower than last year’s inventory by 21.3%. The current supply of inventory is only 3.8 months (a 29.5% decrease from last year). The Saint Lucie County single family home market remains in a very strong sellers market.

February 2015 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
February 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.

February 2015 Monthly Market Detail St Lucie County Single Family Homes

February 2015 Monthly Market Detail Martin County Townhouses and Condos

03.29.15 by

February 2015 Monthly Market Detail Martin County Townhouses and Condos

February 2015 Monthly Market Detail Martin County Townhouses and Condos did not perform as strongly as last month, but still showed nice gains  in most segments.  Year to year closed sales were up by 4.6% (was up by 23.6% in January) as well as new sales under contract (new pending sales) increased by 8.7% from February 2014 (was up by 19% in January).

The median sales price was up by 15.6% (was up by 7.5% in January) while the average sales price increased by 5.3% (was down by 2.2% in January) as compared to February of 2014.  Back into a higher rate of increases as compared to the past two or three months .

The inventory of available townhouses and condos has decreased by 6 units to 508 properties from last month, this is 22.1% less inventory than was available in February of 2014.  For February there was a 4.7 month supply of inventory (a 25.4% decrease from last year).  A strong sellers market for townhouses and condos in Martin County for February 2015 with a definite need for more inventory of active listings.

February 2015 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
February 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.

February 2015 Monthly Market Detail Martin County Townhouses and Condos

February 2015 Monthly Market Detail Martin County Single Family Homes

03.28.15 by

February 2015 Monthly Market Detail Martin County Single Family Homes

The February 2015 Monthly Market Detail Martin County Single Family Homes began the year with some very strong activity, and for the second month is showing even stronger results.  Year to year closed sales was up by 46.6% (was up 18.8% in January). New pending sales increased by 31.9% as compared to February of 2014 (increased by 44.3% in January).

The median sales price was up by 6.9% from last year (down by 2.1% in January) while the average price decreased by 16.2% (was up by 31% last month).  Some moderating in the rate of price increases has been expected since the rates of increases for the past two years has been at an unsustainable rate.

The inventory of available single family homes increased from January 2015 by 55 homes to 1,368 units this month, and this is a 1.3% increase from last February.  Current supply of inventory increased slightly to 6.3  months from January’s 6.2 months supply. (An 11.1% decrease from last year). Martin County single family home sales remain in a balanced market favoring neither the buyer nor seller.

February 2015 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:
February 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.

February 2015 Monthly Market Detail Martin County Single Family Homes