Stuart FL 34994 Condo Market Report December 2014

Stuart FL 34994 Condo Market Report December 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2014

For December, 2013 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 95 active condo listings (Up by 5 condos from November).

Stuart FL 34994 Condo Market Report December 2014

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

Stuart FL 34994 Condo Market Report December 2014

10 Condos Sold in December (Down by 8 condos from November).

Stuart FL 34994 Condo Market Report December 2014

The Stuart FL 34994 Condo market took a small breather for the month of December.  Inventory remains low, though we dis have a small increase for the month.  I would anticipate more of an increase as we come into the spring market.  Closed sales were off considerably and pending sales remained positive.

The one month absorption rate decreased to 9.5 months compared to last month’s 5.  Back into a buyers market after several months of being in a sellers 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 December the numbers were 119 active listings, 39 pending sales, and 9 closed sales.  Similar activity for closed sales as last year, but still a lower inventory.   Pending sales were better last year.

Stuart FL 34994 Condo Market Report December 2014

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Stuart Florida Market Report ZIP Code 34994 – Condo, December 2014

Stuart Florida Market Report ZIP Code 34994 Residential December 2014

Stuart Florida Market Report ZIP Code 34994 Residential December 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for December 2014

For December, 2014 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 89 active listings (Up 11 homes from November)

Stuart Florida Market Report ZIP Code 34994 Residential December 2014

24 Residential sales are pending and awaiting close or lender approval (Down by 11 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential December 2014

12 Homes Sold in November (Increased by 1 home from November)

Stuart Florida Market Report ZIP Code 34994 Residential December 2014

The 34994 ZIP code area of the Stuart, Florida showed quite an increase in inventory for the end of the year.   Unfortunately pending sales were off and closed sales only increased by 1 sale.  Though, typically December is a fairly slow month for closed sales.

The one month absorption rate for the 34994 zip code for December increased to 7.4 months from last months 7 months.  shifting back into a slight buyers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage. 

The December 2013 numbers were 56 Active Listings, 32 pending sales and 14 closed sales.  One of the few areas we have with increased inventory this year.  Unfortunately the closed activity has not increased as well.

Stuart Florida Market Report ZIP Code 34994 Residential December 2014 

 

 

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential December 2014

Sewalls Point Single Family Market Report December 2014

Sewalls Point Single Family Market Report December 2014

Sewalls Point Real Estate Snapshot, Residential Sales for December 2014

 

There are currently 58 active listings (Up by 1 home October)

Sewalls Point Single Family Market Report December 2014

8 Residential sales are pending and awaiting close or lender approval (No change from last month)

Sewalls Point Single Family Market Report December 2014

5 Homes sold in December (Decreased by 1 home from October)

Sewalls Point Single Family Market Report December 2014

The Sewalls Point single family homes market activity for December 2014 continues to struggle, though there were three luxury sales in December for the high end market.  While this is an improvement from the summer months, there’s still plenty of room for growth.  Closed sales were down by 1 home while the inventory rose bu 1 also.  Pending sales remained unchanged.

The current absorption rate is 11.6 months, in September it was 9.5 months.  Sewalls Point remains a buyers market for December.  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 December of 2013, the inventory was 43 homes on the market, 8 pending sales and there were 5 closed sales.  Identical numbers for closed and pending sales from last year, but this was with a lower number of available homes.

Sewalls Point Single Family Market Report December 2014
 

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Sewalls Point Single Family Market Report December 2014

 

January 2015 Market Update High Point Sewalls Point

January 2015 Market Update High Point Sewalls Point

As of January 2015, there are 3 homes available for sale on High Point and High Point Isle in Sewalls Point, FL.   Listing prices range from $1,199,000 to $2,495,000.  The average listing price is 1,848,000 which equals $526.00 per square foot of living area.  There are no short sales or foreclosures in the available listings.

There is one High Point home under contract and awaiting close.  The list price is $3,900,000 or $739,20 per sq. ft. of living area.

In the past 12 months, 7 High Point homes have sold.  Sales prices ranged from $375,000 to $2,600,000 for an average sales price of $1,076,714 which equals 284.34 per sq. ft. of living area and an 87% list to sales ratio.  Of these sales, one was a short sale.

High Point in Sewalls Point, Florida


Located on the southern tip of Sewalls Point, High Point and High Point Isles is an oasis of beautiful homes on high elevation lots yet just minutes away from the clear blue waters of the Atlantic ocean.
 

High Point in Sewalls Point, Florida
High Point Isles is the eastern section of the High Point peninsula and consists of all waterfront homes in the intracoastal waterway and within sight of the Saint Lucie Inlet for access to the Atlantic.  Ringing the south and west circumference of High Point are additional waterfront estates with deep water, high elevation and spectacular views of the Saint Lucie and Indian Rivers.

 

High Point in Sewalls Point, Florida

 

The first home in High Point was built in 1963 and homes continue to be built as well as extensively renovated to this day.  There are both deep water estate sized lots (of over 2.5 acres) to interior lots of 1/3 of an acre.

High Point in Sewalls Point, FloridaHome sizes range from 2 bedroom, 2 bathroom cottages of 1,700 sq. ft. to estates of close to 14,000 sq. ft. of living area with 7 bedrooms and 9 bathrooms.

High Point in Sewalls Point, FloridaThere are no HOA fees in High Point and High Point Isles as this community is part of the town of Sewalls Point.  A wonderful community close to the beaches, waterways and many excellent amenities offered in Martin County, FL.

 

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January 2015 Market Update High Point Sewalls Point

January 2015 Copperleaf Market Update

January 2015 Copperleaf Market Update

There are currently 5 homes actively listed in Copperleaf in Palm City, Florida.  List prices range from a low of $329,900 to a high of $1,200,000.  The average list price is $606,580 which equals $141.76 per square foot of living area. This group includes no short sales or bank owned foreclosures.

There are two homes under contract awaiting closing.  The list prices are $375,000 and $3350,000 which average $362,500 list price and $135,97 per square foot of living area. Neither of these homes is a distressed property.

In the past 12 months, 17 homes have sold in Copperleaf with an average sales price of $331,797 at $130.49 per square foot of living area and at 96% list to sales price ratio.  The lowest sales price was $247,000 while the highest was $423,000.  None of these properties were distressed sales.

 January 2015 Copperleaf Market Update

Copperleaf in Palm City FL was first developed by Centex Homes with the first homes constructed and sold in 2007.  New construction continues to the present now under the name of Pulte Homes.  As of this writing there are 123 homes in Copperleaf.  Though, construction continues with room for considerably more homes.

January 2015 Copperleaf Market Update

Home sizes range from estate size homes on over ½ an acre with more than 6,000 sq. ft. of living area down to smaller 3 bedroom, 2 bath homes with 2 car (or more) garages of 1,705 sq. ft.  Copperleaf is conveniently located close to both Florida’s Turnpike and I-95 yet just minutes to shopping, restaurants and the well-respected schools that Martin County has to offer.  Only a few more minutes and you can be on the beach or launch your boat at one of the many boat ramps in the area.

January 2015 Copperleaf Market Update

Copperleaf offers is a gated community with a manned gate by the beautiful entrance.  There’s a clubhouse with exercise facilities, two tennis courts, a community pool and a playground for the little ones.  As of this writing, the Home Owner’s Association fees are $233 per month.  These fees cover Basic Cable TV, Manager, Recreational Facilities, Reserve Fund, Security and Trash pickup.

January 2015 Copperleaf Market Update

There are excellent new construction opportunities as well as re-sales available in Copperleaf of Palm City FL.  Call us for details.

 January 2015 Copperleaf Market Update

Currently, these homes are available for sale in Copperleaf Palm City

 

For any questions you may have about Copperleaf in Palm City Florida, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Palm City Florida Real Estate

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

January 2015 Copperleaf Market Update

 

January 2015 Market Update Circle Bay Waterfront Condos Stuart FL

January 2015 Market Update Circle Bay Waterfront Condos Stuart FL

As of January 2015, there are 22 condos on the market in the Circle Bay Yacht Club  of Stuart FL.   Listing prices range from $120,000 to $249,500.  The average listing price $190,014 which equals a price per square foot of living area of $180.67.  There are no short sales or foreclosures in the available listings.

There are 2 Circle Bay condos under contract and awaiting close.  The list prices are $224,400 and $259,000 for an average of $241,700 or $219.23 per sq. ft. of living area.  Neither of these condos are distressed sales.

In the past 12 months, 20 Circle Bay Waterfront Condos have sold.  Sales prices ranged from $80,000 to $225,000 for an average sales price of $129,350 which equals $126.60 per sq. ft. and a 92% list to sales ratio.  There was 1 bank owned foreclosure included in these sales and no short sales.

Circle bay Yacht Club Stuart FL Circle bay Yacht Club Stuart FLWaterfront 55+ condo community with docks (for boats up to 36′) that have easy wide river and ocean access.  Docks are not deeded, rather rented at reasonable monthly rates.  Heated pools, clubhouse, grills, etc. are some of the numerous amenities available for residents of the Circle Bay Yacht Club.  Rentals are permitted with restrictions.  Sorry, no pets.  Circle Bay has both elevator and non-elevator buildings.  Covered car ports.

Circle bay Yacht Club Stuart FL Circle bay Yacht Club Stuart FL

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January 2015 Market Update Circle Bay Waterfront Condos Stuart FL 

Happy New Year !

December 2014 Market Update Windjammer Waterfront Condos Stuart FL

December 2014 Market Update Windjammer Waterfront Condos Stuart FL

As of December 2014, there are 5 condos on the market in the Windjammer Yacht Club  of Stuart FL.   Listing prices range from $114,900 to $165,000.  The average list price is $139,460 which equates to a price per square foot of living area of $117.09  There are no short sales and 1 bank owned foreclosure in the available listings.

Currently, there are no condos under contract awaiting settlement.

In the past 12 months, 15 Windjammer Waterfront Condos have sold.  Sales prices ranged from $95,000 to $202,000 for an average sales price of  $133,926 which equals $112.45 per sq. ft. and a 92% list to sales ratio.  There were no short sales or bank owned foreclosures included in these sales.

Windjammer Waterfront Condos Windjammer is a senior (55+) community of waterfront condos in Stuart, FL on the South Fork of the wide Saint Lucie River with easy ocean access.  There are 130 2 bedroom, 2 bathroom condos with porches.

Windjammer Waterfront Condos
Docks are deeded to the condos and are owned by the unit owners.  (Not every condo has an accompanying dock)  Dock sizes vary and go up to a 16′ beam and 40′ length.  Rentals are allowed with restrictions and 1 small pet is also allowed.
 Windjammer Waterfront Condos Windjammer Waterfront Condos

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Windjammer Waterfront Condos Homes for Sale in Palm City Florida

 

December 2014 Market Update Windjammer Waterfront Condos Stuart FL

November 2014 Monthly Market Detail St Lucie County Townhouses and Condos

November 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The November 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed slower momentum.  Closed sales were down by 22.5% (was up by 9.9% in October) while new sales under contract (new pending sales) decreased by 0.9% (was down by 5.2% in October). 

The median sales price was down by a 3.7% (up 44.3% in October) and the average sales price increased by 8.1% (was up by 13.3% in October).  Quite a turnaround from last months values.

The inventory of available townhouses and condos increased by 11 units from last month to 675 units which is still down by 24.5% from last November.  Current supply of inventory increased to 6.5 months from the 6.3 month supply in October and is 25.3% lower than last year.  The St. Lucie County townhouse and condo market is slowly drifting out of a balanced market.  It is good to see a continued increase in inventory for November after many months of decreases.November 2014 Monthly Market Detail St Lucie County Townhouses and Condos

 

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November 2014 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.

November 2014 Monthly Market Detail St Lucie County Townhouses and Condos

November 2014 Monthly Market Detail St Lucie County Single Family Homes

November 2014 Monthly Market Detail St Lucie County Single Family Homes

November 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues to produce strong year to year improvements.  Closed sales from last year were up by 12.7% (in October they were up by 21.4%) and new sales under contract (new pending sales) decreased by 19.9% (they were up by 17.7% last month).

Both median and average sales prices were up again (year to year) by 11.9% and 5.2% respectively from last November (For last month these figures were 12.8% and 8.5%).  A bit slower rate of appreciation than for the past two months, but still very strong gains.

The inventory of active listings decreased in November (from last month) by 36 homes to 1,794, which is now under last year’s inventory by 17.4%.  The current supply of inventory is only 3.4 months (a 26.1% decrease from last year).   A strong sellers market for the Saint Lucie County single family home market.  The reduced inventory will eventually slow down the volume of closed sales while at the same time exerting strong pressure on further price gains.

November 2014 Monthly Market Detail St Lucie County Single Family Homes

 

Click here to view or download the full report:  November 2014 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.

November 2014 Monthly Market Detail St Lucie County Single Family Homes

November 2014 Monthly Market Detail Martin County Townhouses and Condos

November 2014 Monthly Market Detail Martin County Townhouses and Condos

November 2014 Monthly Market Detail Martin County Townhouses and Condos showed some decreasing volume of sales.  Year to year closed sales were down by 1.8% (was up by 14% in October) as well as new sales under contract (new pending sales) decreased by 0.9% from November 2013 (was up by 36.6% in October). 

The median sales price was up by 15.8% (was up by 49.8% in October) while the average sales price rose by 7% (was up by 43.5% in October) as compared to November of 2013.  Still very strong price gains, though not as much as the exceptional report from last month.

 The inventory of available townhouses and condos has increased by 3 units to 490 properties from last month which is 23.6% less inventory than was available in November of 2013.   This represents a 4.7 month supply of inventory (a 23.9% decrease from last year).  A sellers market for townhouses and condos in Martin County for November 2014.

November 2014 Monthly Market Detail Martin County Townhouses and Condos

 

 Click here to view or download the full report:  November 2014 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.

November 2014 Monthly Market Detail Martin County Townhouses and Condos

November 2014 Monthly Market Detail Martin County Single Family Homes

November 2014 Monthly Market Detail Martin County Single Family Homes

The November 2014 Monthly Market Detail Martin County Single Family Homes slowed in closed volume.  Year to year closed sales were down by 1.2% (was up 23.3% in October). New pending sales increased by 9% as compared to November of 2013 (increased by 4.6% in October). 

The median sales price was down by 1.5% from last year (up by 2.6% in October) while the average price decreased by 8.8% (was up by 26.8% last month).  We appear to be in somewhat of a roller coaster ride in the past three months as far as prices are concerned.  Difficult to determine any meaningful trends at this time.

The inventory of available single family homes increased from October 2014 by 7 homes to 1,260 units this month, and is a 0.5% increase from last November.  Current supply of inventory remains unchanged at 6.1 months from last month’s 6.1 (a 10.1% decrease from last year).  Martin County single family home sales remain in a balanced market favoring neither the buyer nor seller.

November 2014 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:  November 2014 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.

November 2014 Monthly Market Detail Martin County Single Family Homes

November 2014 Monthly Market Detail Florida Townhouses and Condos

November 2014 Monthly Market Detail Florida Townhouses and Condos

The November 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida is showing a little weakness in year to year volume of sales.  Closed sales were down by 5.4% as compared to last months increase of 7.4% and new sales under contract (new pending sales) decreased by 1% (October’s decrease was 3.3%).

Both median and average sales prices were up (year to year) by 7.7% and 6.2% respectively (in October they were up by 7.7% and 10.3%). These increases in value appear to be moderating a bit after some very large rates in the past few months.

Inventory remained unchanged from last year.  The first month in over a year without an increase (was up by 5.3% in October).  The November 2014 is still a healthy balanced market with a 6 months supply of inventory (was 5.9 months in October) which is up 5.8% from last year.  A 6 months inventory supply is considered a balanced market.

November 2014 Monthly Market Detail 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:  November 2014 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.

November 2014 Monthly Market Detail Florida Townhouses and Condos

Hobe Sound FL 33455 Condo Market Report December 2014

Hobe Sound FL 33455 Condo Market Report December 2014

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2014

 

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

 

There are currently 13 active condo listings. (Up by 4 condos from November)

Hobe Sound FL 33455 Condo Market Report December 2014

6 Condo sale is pending and awaiting close. (Up by 2 condos from November)

 Hobe Sound FL 33455 Condo Market Report December 2014

5 Condos sold in November (Increased by 1 condo from November)

Hobe Sound FL 33455 Condo Market Report December 2014

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory rose for December after being down to under 10 condos for last month.  Nice activity for the month as well considering such low availability of condos.  Both close and pending sales were up.

The current absorption rate is 2.6 months (Last month it was 2.3 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 December 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 December 2013 numbers were: 23 active listings, 3 pending sales and no closed sales.  For the past two months, the Hobe Sound condo market has performed much better than last year.

Hobe Sound FL 33455 Condo Market Report December 2014

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Hobe Sound FL 33455 Condo Market Report December 2014

 

November 2014 Monthly Market Detail Florida Single Family Homes

November 2014 Monthly Market Detail Florida Single Family Homes

The November 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed continued improvement for the single family real estate market as compared to last November (2013).  Closed sales were up by 10.7% (was up by 17.8% in October) and new sales under contract (new pending sales) increased by 6.1% (was up by 4.7% in October).

Both median and average sales prices continue to rise ( November 2013 to November 2014) by 3.5% and 3.3% respectively, compared to October’s 4.6% and 6.1%.   We’ve appeared to slow down in the rate of appreciation in the past few months.  This is a good sign as prices will not be forcing as many buyers out of the market.  Historically a 3 to 4% yearly appreciation is very normal for real estate.

The inventory of available homes for sale rose by 2.3% from last year.  This is now a full 14 months of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  This increase in inventory makes for greater choices and more price competition among sellers. With only a 5.3 months supply of inventory, this is a healthy market with a slight edge to sellers. (November of 2013 had a 5.6 month supply)

November 2014 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:
November 2014 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.

November 2014 Monthly Market Detail Florida Single Family Homes

Hobe Sound FL 33455 Condo Market Report November 2014

Hobe Sound FL 33455 Condo Market Report November 2014

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for November 2014

 

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

 

There are currently 9 active condo listings. (Down by 10 condo from October)

Hobe Sound FL 33455 Condo Market Report November 2014

4 Condo sale is pending and awaiting close. (Down by 1 condo from October)

 Hobe Sound FL 33455 Condo Market Report November 2014

4 Condos sold in October (Increased by 3 condos from October)

Hobe Sound FL 33455 Condo Market Report November 2014

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory is now down to single digits  I haven’t seen this ever before for the Hobe Sound condo market.  Closed sales increased from last month and pending sales dropped slightly.  With the inventory so low, I don’t expect to see much activity until available condos for sale come on the market.

The current absorption rate is 2.3 months (Last month it was 15 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 November 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 November 2013 numbers were: 21 active listings, 3 pending sales and 2 closed sales.  Much better activity for this year.  With less than half the inventory, market activity is still double from last year’s values.

Hobe Sound FL 33455 Condo Market Report November 2014

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Hobe Sound FL 33455 Condo Market Report November 2014

 

Hobe Sound FL 33455 Residential Market Report November 2014

Hobe Sound FL 33455 Residential Market Report November 2014

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for November 2014

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

There are currently 243 active listings. (Down by 7 homes from October)

Hobe Sound FL 33455 Residential Market Report November 2014

 

71 Residential sales are pending and awaiting close  (Increased by 16 homes from October)

Hobe Sound FL 33455 Residential Market Report November 2014

20 Homes Sold in November (Down by 28 homes from last month)

Hobe Sound FL 33455 Residential Market Report November 2014

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County is in quite a roller coaster ride these past few months.  A fairly weak closed month for September, a strong October and now back to a weak month for November.  Inventory decreased slightly and there was a nice rise in pending sales.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 12.2 months (4.3 months in October).  Back into a buyers 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 November 2013 were:  277 active listings, 75 pending sales and 37 closed sales.   The Hobe Sound real estate market if one of the few areas with reduced inventory from last year.  Though overall activity was slower this month as compared to November of 2013.

Hobe Sound FL 33455 Residential Market Report November 2014

 

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Hobe Sound FL 33455 Residential Market Report November 2014

Jensen Beach FL 34957 Condo Market Report November 2014

Jensen Beach FL 34957 Condo Market Report November 2014

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for November 2014

 

For November 2014 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 38 active listings. (Up by 5 condos from October)

Jensen Beach FL 34957 Condo Market Report November 2014

15 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from October)

Jensen Beach FL 34957 Condo Market Report November 2014

4 Condos Sold (Up by 1 condo from October)

Jensen Beach FL 34957 Condo Market Report November 2014

 The Jensen Beach FL 34957 Condo Market Report November 2014 remains a small sector as far as condos in Martin County.  This month saw some nice small gains in every measured activity for the Jensen beach condo market.

The one month absorption rate for the November 2014, Jensen Beach Florida Market Report ZIP Code 34957 declined to 9.5 months (11 months in October), still a sellers market after a couple of weak summer months.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The November 2013 numbers were: 38 active listings, 16 pending sales and 2 condos closed.  With the exception of double the closed sales for 2014, identical activity to last year.

Jensen Beach FL 34957 Condo Market Report November 2014

 

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Jensen Beach FL 34957 Condo Market Report November 2014

Jensen Beach FL 34957 Residential Market Report November 2014

Jensen Beach FL 34957 Residential Market Report November 2014

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for November 2014

 

 For November 2014 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 134 active listings. (Up by 9 homes from last month)

Jensen Beach FL 34957 Residential Market Report November 2014

 

55 Residential sales are pending and awaiting close or lender approval. (Down by 7 homes from October)

Jensen Beach FL 34957 Residential Market Report November 2014

 

24 Homes Sold (Increased by 2 homes from October)

Jensen Beach FL 34957 Residential Market Report November 2014

 

The Jensen Beach FL 34957 Residential Market Report showed similar activity to last month.  The inventory rose for the second month in a row, while pending sales were off by 7 homes.  Closed sales were up slightly
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 5.6 months (was 5.7 months in October).  Still a sellers market for Jensen Beach home sales.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The November 2013 numbers were: 135 active listings, 60 pending sales and 32 home sales closed.  2013 was a more active market for the Jensen Beach residential segment. 
 
Jensen Beach FL 34957 Residential Market Report November 2014 
 

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Jensen Beach FL 34957 Residential Market Report November 2014

Palm City FL 34990 Condo Market Report November 2014

Palm City FL 34990 Condo Market Report November 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2014

 

For November 2014 in the 34990 Zip Code area of Palm City, Florida :



There are currently 61 active condo listings. (Up by 3 condos from October)

Palm City FL 34990 Condo Market Report November 2014

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

Palm City FL 34990 Condo Market Report November 2014

2 Condos Sold in November. (Down by 1 condo from October)

Palm City FL 34990 Condo Market Report November 2014 

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Continued activity, but not anything to write home about.  Slight increase in inventory and pending sales for this month with a small drop in closed sales.

The current absorption rate for condos in the 34990 zip code area is 30 months (was 19.3 months in August).   A good time to buy if one is interested in this area.  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 November 2013 numbers were: 67 active listings, 6 pending sales and 1 closed sales.   Better market activity for this year. 
 Palm City FL 34990 Condo Market Report November 2014
 

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Palm City Florida Real Estate presented by:
Gabe Sanders

 

Palm City FL 34990 Condo Market Report November 2014