October 2014 Monthly Market Detail Martin County Townhouses and Condos

11.29.14 by

October 2014 Monthly Market Detail Martin County Townhouses and Condos

October 2014 Monthly Market Detail Martin County Townhouses and Condos showed another month of strong gains.  Compared to the Florida state activity, Martin County is outperforming the average in activity and price  Year to year closed sales were up by 14% (was up by 22.2% in September) as well as new sales under contract (new pending sales) rose by 36.6% from October 2013 (was up by 44% in September). 

The median sales price jumped by 49.8% (was down by 1% in September) while the average sales price rose by 43.5% (was down by 0.4% in September) as compared to October of 2013.  We had some small decreases in September, but for October we are seeing some exceptional value increases.

 The inventory of available townhouses and condos has decreased by 27 units to 487 properties from last month which is also 20.8% less inventory than was available in October of 2013.   This represents a 4.7 month supply of inventory (a 20.5% decrease from last year).  A sellers market for townhouses and condos in Martin County for October 2014.

October 2014 Monthly Market Detail Martin County Townhouses and Condos

 

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

October 2014 Monthly Market Detail Martin County Townhouses and Condos

October 2014 Monthly Market Detail Martin County Single Family Homes

11.28.14 by

October 2014 Monthly Market Detail Martin County Single Family Homes

The October 2014 Monthly Market Detail Martin County Single Family Homes showed a continued strong market with activity significantly outpacing the average for the state of Florida.  Year to year closed sales were up by 23.3% (was up 23.3% in September). New pending sales increased by 4.6% as compared to October of 2013 (increased by 14.1% in September). 

The median sales price was up by 2.6% from last year (up by 4% in September) while the average price increased by 26.8% (was down by .5% last month).  Some considerably better appreciation this month compared to September.

The inventory of available single family homes increased from September 2014 by 24 homes to 1,253 units this month, and is a 2.5% increase from last October.  Current supply of inventory increased to 6.1 months from last month’s  6.0 (a 10% decrease from last year).  Currently, Martin County has a balanced market for single family home sales.

October 2014 Monthly Market Detail Martin County Single Family Homes

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

October 2014 Monthly Market Detail Martin County Single Family Homes

October 2014 Monthly Market Detail Florida Townhouses and Condos

11.27.14 by

October 2014 Monthly Market Detail Florida Townhouses and Condos

For the October 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida there’s continued growth though at a slower pace than the past year.  Year to year closed sales were up by 7.4% as compared to last months increase of 2.2% and new sales under contract (new pending sales) decreased by 3.3% (September’s decrease was 1.2%).

Both median and average sales prices were up (year to year) by 7.7% and 10.3% respectively (in September they were up by 9.8% and 12%). These fairly large increases can be a mixed blessing as too fast of a rate of appreciation can price many potential buyers out of the market.

Inventory rose for the thirteenth month in a row, by 3.4% (was up by 5.3% in September).  The October 2014 numbers show a continuation of a good strong healthy market for townhouses and condos and is currently a balanced market as there is a 5.9 months supply of inventory (was 5.8 months in September) which is up 6% from last year.  A 6 months inventory supply is considered a balanced market.

October 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:  October 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.

October 2014 Monthly Market Detail Florida Townhouses and Condos

October 2014 Monthly Market Detail Florida Single Family Homes

11.26.14 by

October 2014 Monthly Market Detail Florida Single Family Homes

The October 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed continued improvement for the single family real estate market.  Year to year closed sales were up by 17.8% (was up by 13.5% in September) and new sales under contract (new pending sales) increased by 4.7% (was up by 10.6% in September).

Both median and average sales prices continue to rise ( October 2013 to October 2014) by 4.6% and 6.1% respectively, compared to September’s 5.9% and 4%.   Slow and steady appreciation is a sign of a stable and growing real estate market.

The inventory of available homes for sale rose by 4.2% from last year.  This is now a full thirteen 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 5.4 months supply of inventory, this is a healthy market with a slight edge to sellers. (October of 2013 had a 5.5 month supply)

October 2014 Monthly Market Detail Florida Single Family Homes

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

October 2014 Monthly Market Detail Florida Single Family Homes

Hobe Sound FL 33455 Condo Market Report October 2014

11.25.14 by

Hobe Sound FL 33455 Condo Market Report October 2014

 

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

 

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

 

There are currently 19 active condo listings. (Down by 5 condo from September)

Hobe Sound FL 33455 Condo Market Report October 2014

5 Condo sale is pending and awaiting close. (Up by 4 condos from September)

Hobe Sound FL 33455 Condo Market Report October 2014 

1 Condos sold in September (Decreased from 2 sales in September)

Hobe Sound FL 33455 Condo Market Report October 2014

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory is down to only 15 condos for sale in all of Hobe Sound.  Pending sales were up for October after being zero in September.  Though, only 1 closed sale last month.

The current absorption rate is 15 months (Last month it was 9.5 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 October 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 October 2013 numbers were: 15 active listings, 4 pending sales and 1 closed sales. Almost identical to last year’s activity.

Hobe Sound FL 33455 Condo Market Report October 2014

Search Hobe Sound Condominium Properties by Price

 

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report October 2014

 

Hobe Sound FL 33455 Residential Market Report October 2014

11.24.14 by

Hobe Sound FL 33455 Residential Market Report October 2014

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

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

There are currently 250 active listings. (Down by 1 home from September)

Hobe Sound FL 33455 Residential Market Report October 2014

 

55 Residential sales are pending and awaiting close  (Decreased by 19 homes from September)

Hobe Sound FL 33455 Residential Market Report October 2014

58 Homes Sold in October (Up by 33 homes from last month)

Hobe Sound FL 33455 Residential Market Report October 2014

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County for October showed a very strong recovery in closed sales from a weak September.  Unfortunately, pending sales were off a bit. Inventory pretty much unchanged.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 decreased to 4.3 months (10 months in September).  Back into a sellers market for Hobe Sound, which is where it’s been for the past 12 months except for last month. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for October 2013 were:  249 active listings, 84 pending sales and 26 closed sales.   Much better sales activity, unfortunately pending sales are weaker this year.

Hobe Sound FL 33455 Residential Market Report October 2014

 

Search here for Hobe Sound Florida Real Estate for Sale

Rental Properties

Residential Properties

Vacant Land Properties

 

Commercial Properties

 

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Hobe Sound FL 33455 Residential Market Report October 2014

Jensen Beach FL 34957 Condo Market Report October 2014

11.23.14 by

Jensen Beach FL 34957 Condo Market Report October 2014

 

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

 

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



There are currently 33 active listings. (Down by 1 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2014

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

Jensen Beach FL 34957 Condo Market Report October 2014

3 Condos Sold (Down by 7 condo from September)

Jensen Beach FL 34957 Condo Market Report October 2014

 The Jensen Beach FL 34957 Condo Market Report October 2014 remains a small sector as far as condos in Martin County.  Unfortunately closed sales were down this month after a very good month in September.  Pending sales increased though, which is a good sign for future activity.

The one month absorption rate for the October 2014, Jensen Beach Florida Market Report ZIP Code 34957 rose to 11 months (3.4 months in September), now a strong 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 October 2013 numbers were: 36 active listings, 13 pending sales and 7 condos closed.   Slightly better activity last year, but with such a small number it’s difficult to draw meaningful comparisons.

Jensen Beach FL 34957 Condo Market Report October 2014

 

Jensen Beach Condominium Properties by Price


Jensen Beach Florida Real Estate presented by:
Gabe Sanders

 

Jensen Beach FL 34957 Condo Market Report October 2014

Jensen Beach FL 34957 Residential Market Report October 2014

11.22.14 by

Jensen Beach FL 34957 Residential Market Report October 2014

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

 

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

 There are currently 125 active listings. (Up by 13 homes from last month)

Jensen Beach FL 34957 Residential Market Report October 2014

 

62 Residential sales are pending and awaiting close or lender approval. (Down by 12 homes from September)

Jensen Beach FL 34957 Residential Market Report October 2014

 

22 Homes Sold (Decreased by 17 homes from September)

Jensen Beach FL 34957 Residential Market Report October 2014

 

The Jensen Beach FL 34957 Residential Market Report finally slowed from its very active summer activity for October.  The inventory rose and both pending and closed sales were off for this month.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 5.7 months (was 2.9 months in September).  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 October 2013 numbers were: 127 active listings, 75 pending sales and 17 home sales closed.  better closed activity for this year, but not quite as good in the pending sales department.
 Jensen Beach FL 34957 Residential Market Report October 2014
 
 

Search here for Jensen Beach Real Estate for Sale

Rental Properties

Residential Properties

Vacant Land Properties

Condominium Properties

Commercial Properties

 

Jensen Beach Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Jensen Beach FL 34957 Residential Market Report October 2014

Palm City FL 34990 Condo Market Report October 2014

11.21.14 by

Palm City FL 34990 Condo Market Report October 2014

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

 

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



There are currently 58 active condo listings. (Down by 2 condos from September)

Palm City FL 34990 Condo Market Report October 2014

9 Condo sales are pending and awaiting close or lender approval. (Increased by 5 condos from last month)

Palm City FL 34990 Condo Market Report October 2014

3 Condos Sold in October. (Up by 3 condos from September)

Palm City FL 34990 Condo Market Report October 2014 

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  After zero sales in September, there was a nice little rebound for this month with 3 closed sales along with an increase in pending sales.

The current absorption rate for condos in the 34990 zip code area is 19.3 months (was 15 months in August).   A good time to buy if one is interested in the his 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 October 2013 numbers were: 59 active listings, 6 pending sales and 4 closed sales.   Very similar activity when compared to last year.
Palm City FL 34990 Condo Market Report October 2014 
 

Search for Palm City Condos by Price:

Palm City Florida Real Estate presented by:
Gabe Sanders

 

Palm City FL 34990 Condo Market Report October 2014

Palm City FL 34990 Residential Market Report October 2014

11.20.14 by

Palm City FL 34990 Residential Market Report October 2014

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for October 2014

 

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


There are currently 455 active listings (Increased by 22 homes from September)

Palm City FL 34990 Residential Market Report October 2014

 

 122 Residential sales are pending and awaiting close or lender approval. (Increased by 2 homes from last month)

Palm City FL 34990 Residential Market Report October 2014

 

58 Homes Sold in September (Down by 12 homes from September)

Palm City FL 34990 Residential Market Report October 2014

 

The Palm City FL 34990 residential real estate market showed weaker closed sales for October, much like the rest of Martin County.  Inventory took a nice little jump and pending sales remained up, but closed sales were off.
 
 The current absorption rate increased to 7.8 months from 6.2 months in September, moving the Palm City residential real estate market back into a buyers market after a long time of being in a sellers market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The October 2013 numbers were:  416 active listings, 144 pending sales and 54 closed sales.  Inventory is up from last year as are closed sales (although only slightly). Unfortunately pending sales are off.

Palm City FL 34990 Residential Market Report October 2014

 

 Search here for Palm City Florida Real Estate for Sale

Rental Properties

Residential Properties

Vacant Land Properties

Commercial Properties

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Palm City FL 34990 Residential Market Report October 2014

Stuart FL 34997 Condo Market Report October 2014

11.19.14 by

Stuart FL 34997 Condo Market Report October 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2014

 

For October 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 58 active condo listings (Down by 2 condos from September).

Stuart FL 34997 Condo Market Report October 2014

20 Condo sales are pending and awaiting close or lender approval (Decreased by 10 condos from September).

Stuart FL 34997 Condo Market Report October 2014

21 Condos Sold in October (Increased by 12 condos from September).

Stuart FL 34997 Condo Market Report October 2014

The Stuart FL condo market for zip code 34997 continues with strong activity for October of 2014.  Closed sales increased by more than 50% from last month.  Unfortunately, pending sales were off, while the inventory too a small drop.

The one month absorption rate dove to 2.8  months from last months 6.7.  Back into a sellers market after last months balanced 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 October 2013 numbers were: 91 active listings, 17 pending sales and 19 closed sales.  Even with the considerably lower inventory, this segment of the Stuart condo market is markedly outperforming last year’s activity.

Stuart FL 34997 Condo Market Report October 2014

Search for Stuart Condos for Sale by Price:

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2014

 

 

Stuart FL 34997 Residential Market Report October 2014

11.18.14 by

Stuart FL 34997 Residential Market Report October 2014

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2014

 

There are currently 368 active listings (Increased by 17 homes from September).

Stuart FL 34997 Residential Market Report October 2014

144 Residential sales are pending and awaiting close or lender approval (Decreased by 10 homes from September).

Stuart FL 34997 Residential Market Report October 2014

81 Homes Sold in October (Decreased by 6 homes from September)

Stuart FL 34997 Residential Market Report October 2014

      The Stuart Florida Residential Market for ZIP Code 34997 has been one of the hottest areas for Martin County residential sales.  For October of 2014, activity has moderated a bit from the past few very strong months, but is still very active.   Both pending and closed sales were off and the inventory rose.
 
     The current one month absorption rate increased to 4.5  months (was 4 months for September).  A hot 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 October, were: 381 active listings, 171 pending listings and 62 closed sales.  Better closed activity this year, though pending sales are not as strong as last years numbers.  Inventory is also lower.
Stuart FL 34997 Residential Market Report October 2014 
 
 

Search here for Stuart Florida Real Estate for Sale

Residential Properties

Vacant Land Properties

Commercial Properties

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Stuart FL 34997 Residential Market Report October 2014

Stuart FL 34996 Condo Market Report October 2014

11.17.14 by

Stuart FL 34996 Condo Market Report October 2014

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for October 2014

For October 2014 in the 34996 Zip Code area of Stuart, Florida :

There are currently 152 active condo listings (Up by 5 condos from last month).

Stuart FL 34996 Condo Market Report October 2014

50 Condo sales are pending and awaiting close or lender approval (Increased by 13 condos from September).

Stuart FL 34996 Condo Market Report October 2014

 

15 Condos Sold in October (Decreased by 13 condos from September) 

Stuart FL 34996 Condo Market Report October 2014

The Stuart FL 34996 Condo Market demonstrated a weaker October 2014.  Closed sales took a big dive, fortunately pending sales were up and interestingly this segment saw a rise in inventory.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 10.1 months from September’s 5.25 months .  Back into a buyers market after last months strong activity.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for October 2013 were: 171 active listings, 32 pending sales and 22 closed sales.  Inventory is still considerably under last years levels and sales are also lower.  The bright note is the increase in pending sales which should result in greater sales numbers in the near future.

Stuart FL 34996 Condo Market Report October 2014

Search Stuart FL Condos by Price Below:

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report October 2014

Stuart FL 34996 Residential Market Report October 2014

11.16.14 by

Stuart FL 34996 Residential Market Report October 2014

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for October 2014

 

For October 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 156 active listings (Up by 1 home from September).

Stuart FL 34996 Residential Market Report October 2014

32 Residential sales are pending and awaiting close or lender approval (Unchanged from September).

Stuart FL 34996 Residential Market Report October 2014

11 Homes Sold in October (Increased by 4 homes from September).

Stuart FL 34996 Residential Market Report October 2014

The 34996 zip code area of the Stuart Florida residential real estate market remains a bit weak, though with a slight improvement from last month.  Closed sales were up while both inventory and pending sales were steady.

The one month absorption rate for the 34996 zip code area of Stuart Florida for October increased to 14.2 months as compared to September’s 22 months.  A strong buyers market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for October of 2013 were: 129 active listings, 27 pending sales and 13 closed sales.  There’s increased inventory from last year and also a greater number of pending sales, unfortunately fewer closed sales.

Stuart FL 34996 Residential Market Report October 2014

 

Search here for Stuart Florida Real Estate for Sale

Residential Properties

Vacant Land Properties

Commercial Properties


Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Stuart FL 34996 Residential Market Report October 2014

Stuart FL 34994 Condo Market Report October 2014

11.15.14 by

Stuart FL 34994 Condo Market Report October 2014

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

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

 

There are currently 94 active condo listings (Down by 1 condos from September).

Stuart FL 34994 Condo Market Report October 2014

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

Stuart FL 34994 Condo Market Report October 2014

16 Condos Sold in October (Down by 4 condos from September).

Stuart FL 34994 Condo Market Report October 2014

The Stuart FL 34994 Condo market eased a bit for October, though still having strong activity.  Both pending and closed sales were down from last month, with the inventory basically unchanged.

The one month absorption rate remained basically unchanged at 5.9  months compared to last month’s 4.75.  Still a slight 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 October the numbers were 121 active listings, 43 pending sales, and 14 closed sales.  Our inventory is significantly lower from last year, yet sales continue to be better.  Pending sales are lower.

Stuart FL 34994 Condo Market Report October 2014

Search for Stuart FL Condos by Price Below:

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

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

Stuart Florida Market Report ZIP Code 34994 Residential October 2014

11.14.14 by

Stuart Florida Market Report ZIP Code 34994 Residential October 2014

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

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

 

There are currently 70 active listings (Up 8 from September)

Stuart Florida Market Report ZIP Code 34994 Residential October 2014

 

36 Residential sales are pending and awaiting close or lender approval (Down by 4 from September).

Stuart Florida Market Report ZIP Code 34994 Residential October 2014 

8 Homes Sold in September (Decreased by 5 homes from September)


Stuart Florida Market Report ZIP Code 34994 Residential October 2014

 

The 34994 ZIP code area of the Stuart, Florida retreated some more in activity as compared to the past few months.  This is fairly common for this time of the year in the Stuart FL real estate market.  Inventory was up and both closed and pending sales were off for the month.

The one month absorption rate for the 34994 zip code for October decreased to 8.8 months from last months 4.8 months.  shifting back into a buyers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage. 

The October 2013 numbers were 62 Active Listings, 48 pending sales and 8 closed sales.   Closed sales were equal to last year.  Unfortunately pending sales are lower this year which will not be good for future closed sales.  Inventory is up slightly.

 Stuart Florida Market Report ZIP Code 34994 Residential October 2014

 

 

Search here for Stuart Florida Real Estate for Sale

 

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Stuart, FL Real Estate

Rental Properties

Condominium Properties

Vacant Land Properties

Commercial Properties

Residential Properties

 

Stuart Florida Market Report ZIP Code 34994 Residential October 2014

Sewalls Point Single Family Market Report October 2014

11.13.14 by

Sewalls Point Single Family Market Report October 2014

Sewalls Point Real Estate Snapshot, Residential Sales for October 2014

 

There are currently 45 active listings (Unchanged from September)

Sewalls Point Single Family Market Report October 2014

 

8 Residential sales are pending and awaiting close or lender approval (Up by 1 home from last month)

Sewalls Point Single Family Market Report October 2014

 

2 Homes sold in October (Increased by 2 homes from September)

Sewalls Point Single Family Market Report October 2014

 

The Sewalls Point single family homes market activity for October 2014 had two closed sales after nothing last month.  While this is an improvement, it’s still no very good.  Inventory was steady and pending sales rose by 1 home.

The current absorption rate is 22.5 months, in August it was 5.6 months.  This is an extreme buyers market for October.  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 October of 2013, the inventory was 47 homes on the market, 7 pending sales and there were 5 closed sales.  Better closed activity last year, though with similar pending activity, we may see some improvement in the coming months.

Sewalls Point Single Family Market Report October 2014 

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

 

Sewalls Point Single Family Market Report October 2014

 

Springtree Stuart FL November 2014 Market Update

11.11.14 by

Springtree Stuart FL November 2014 Market Update

There are 2 homes currently available for sale in Springtree.  List prices are $243,000 and $259,900 for an average of $251,450 which is $138.17 per sq. ft. of living area.  Both of these listings are conventional sales (non distressed sales).

Currently, there are no homes under contract in Springtree.

6 Springtree homes have sold in the past 12 months.  Sales prices ranged from $209,000 to $248,500 for an average sales price of $225,501 which equals $125.97 per sq. ft. of living area.  Sales prices averaged 97% of list price. There was one bank owned foreclosure in these sales.

Springtree Entrance - Stuart Florida real Estate

Springtree is a beautiful small development just west of US 1 in Stuart, Florida. Conveniently located between Indian Street and Salerno Road, Springtree is close to shopping, restaurants, beaches and easy access to I-95 for commuters. This community is a wonderful family neighborhood and in the Martin County ‘A’ rated school district, with Pinewood Elementary, Stuart Middle and Martin County High.

Springtree - Stuart Florida Homes for Sale

Engle Homes completed this community between the years of 2000 and 2003. This is a gated community with a lighted lake and fountain as the centerpiece of the community.  Low HOA fees of approximately $120. month make this an affordable community.   Many homes boast wonderful private lakeside views. Springtree also has a number of preserve areas as well as a playground to keep the tots occupied.

Springtree - Homes for Sale in Stuart Florida

Currently their are two homes on the market in Springtree.  One home is under contract, a short sale, which is awaiting lender approval.  And, in the past 12 months, 7 homes have sold in Springtree.

For additional Springtree community information the Homeowners Association has a website at this address:
http://springtreehoa.com/

For any questions you may have about Springtree Stuart FL November 2014 Market Update, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Stuart Florida Real Estate
Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Springtree Stuart FL November 2014 Market Update

November 2014 Market Update Stuart West Palm City

11.10.14 by

November 2014 Market Update Stuart West Palm City

There are currently 13 homes for sale in Stuart West.  List prices range from $284,350 to 875,000 with an average asking price of $627,909 which is $182.69 per sq. ft. of living area.  There are two short sales and one bank owned foreclosure in this set of listings.

There are no homes under contract at present.

In the past 12 months, 10 homes have sold in Stuart West.  Sale prices ranged from $205,000 to $880,000 with the average sale price being $488,050 which equals a per sq. ft. of living area price of $147.28.  There were no short sales and one bank owned foreclosure in these sales.

 Stuart West in Palm City FL

Stuart West is an upscale gated equestrian community located adjacent to the Stuart West and the Fox Club in western Palm City.  Just off the I-95 exit, Stuart West is an easy commute for those who work either south or north of Martin County, yet want to enjoy the superior amenities that Palm City has to offer.

Stuart West in Palm City FL

Stuart West resides on over 1,000 acres of pristine land with 249 home sites ranging from 2 to over 10 acres.  There is over 11 miles of waterways located throughout the community which makes for an idyllic setting for this family friendly equestrian community.

Stuart West in Palm City FL

Community amenities include a playground, community boat ramp to the C-23 canal, a 10 acre equestrian center, 24 hour manned security gate (shared with Cobblestone) and security patrols, and an underground cable and routing system for the best high end internet connectivity.  All of this in Martin County’s ‘A’ rated school system.  And school bus service is provided inside the community.

Stuart West in Palm City FL

Currently, Stuart West’s children attend Citrus Grove Elementary, Hidden Oaks Middle and South Fork High Schools.

Home construction started in Stuart West in 1984 and continues to this day with approximately 52 vacant lots yet to be built upon.  Though many of these lots are being kept as pastures by the adjacent homeowners.   Home sizes range from 3 Bedroom, 2 Bath homes of around 2,000 sq. ft. of living area all the way to 7 Bedroom, 5 Bathroom estates with over 5,500 sq. ft. under air.  The HOA fee is a very reasonable $121 per month which covers security and all the amenities this wonderful community has to offer.

Stuart West in Palm City FL

More information about Stuart West can be found on their property owners’ website here.

 

Stuart West Homes for Sale

Search for Martin County Real Estate

Vacant Land for Sale in Stuart West

November 2014 Market Update Stuart West Palm City

River Forest November 2014 Market Update

11.04.14 by

River Forest November 2014 Market Update

 As of November 2014 there are 8 homes for sale in River Forest.  Prices range from $189,900 up to $259,000 or an average list price of $223,262 which equates to $127.04 per sq. ft. of living area.  None of these homes are short sales or foreclosures.

There are currently 5 homes under contract awaiting settlement.  List prices range from $189,999 up to $239,900 for an average of $217,939 or $108.42 per sq. ft. of living area.  These include 1 bank owned foreclosure and 2 short sales.

In the past 12 months, 19 homes have sold in River Forest.  Sales prices ranged from $116,500 up to $240,000 for an average sales price of $198,552 which equals $122.27 per sq. ft. of living area.  Sales averaged at 97% of list price. 5 of these sales were bank owned and 2 were short sales.

River Forest Club House, Stuart, Florida

River Forest Club House, Stuart, Florida

Located in a peaceful corner of western Stuart, River Forest is a beautiful community filled with modern, well built family homes. The community features a clubhouse, pool, playground and fitness center! Have a boat? You can enjoy the boat ramp that is located within the community and easy access to the St. Lucie River. River Forest is close to ‘A’ rated schools. Only minutes away from i-95 commuters will have no problem getting where they need to go on time. If you want a home that is away from all the hustle and bustle of the city but still want to be close to everything Stuart has to offer, River Forest is a great pick for you!

River Forest Community Pool in Stuart, Florida

River Forest Community Pool in Stuart, Florida

River Forest Home Owners Association

River Forest Boating in Stuart, Florida

River Forest Boating in Stuart, Florida

Search for All River Forest Homes for Sale

 

River Forest November 2014 Market Update