September 2014 Monthly Market Detail Martin County Townhouses and Condos

10.26.14 by

September 2014 Monthly Market Detail Martin County Townhouses and Condos

September 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 22.2% (was up by 11.8% in August) as well as new sales under contract (new pending sales) rose by 44% from September 2013 (was up by 31.3% in August). 

The median sales price decreased by 1% (was up by 2.3% in August) while the average sales price decreased by 0.4% (was up by 11.7% in August) as compared to September of 2013.  We had some good gains back in August, but for September we are back to steady to decreasing sales values.

 The inventory of available townhouses and condos has decreased by 1 unit to 514 properties from last month which is also 10.8% less inventory than was available in September of 2013.   This represents a 5 month supply of inventory (a 9.8% decrease from last year).  A sellers market for townhouses and condos in Martin County for September 2014.

September 2014 Monthly Market Detail Martin County Townhouses and Condos

 

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

September 2014 Monthly Market Detail Martin County Townhouses and Condos

September 2014 Monthly Market Detail Martin County Single Family Homes

10.25.14 by

September 2014 Monthly Market Detail Martin County Single Family Homes

The September 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 22.1% in August). New pending sales increased by 14.1% as compared to September of 2013 (increased by 23.9% in August). 

The median sales price was up by 4% from last year (down by .3% in August) while the average price decreased by .5% (was down by 6.8% last month).  I believe the slower price appreciation in the Marin County residential market is contributing to the active market..

The inventory of available single family homes decreased from August 2014 by 59 homes to 1,229 units this month, this still represents a 2.4% increase from last September.  Current supply of inventory decreased to 6 months from last month’s  6.4 (a 9% decrease from last year).  Currently, Martin County has a balanced market for single family home sales.

September 2014 Monthly Market Detail Martin County Single Family Homes

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

September 2014 Monthly Market Detail Martin County Single Family Homes

September 2014 Monthly Market Detail Florida Townhouses and Condos

10.24.14 by

September 2014 Monthly Market Detail Florida Townhouses and Condos

For the September 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida we’re seeing positive results once again after a disappointing summer.  Year to year closed sales were up by 2.2% as compared to last months decrease of 8.8% and new sales under contract (new pending sales) increased by 1.2% (August’s decrease was 13.1%).

Both median and average sales prices were up (year to year) by 9.8% and 12% respectively (in August they were up by 3.8% and .5%). These fairly large increases can be a mixed blessing as to fast of a rate of appreciation can price many potential buyers out of the market.

Inventory rose for the twelfth month in a row, by 5.3% (was up by 8.9% in August).  The September 2014 numbers show a marked increase in activity levels and we continue as a seller’s market as there is currently a 5.8 months supply of inventory (was 5.7 months in August) which is up 8% from last year.  A 6 months inventory supply is considered a balanced market.

September 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:  September 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.

September 2014 Monthly Market Detail Florida Townhouses and Condos

September 2014 Monthly Market Detail Florida Single Family Homes

10.23.14 by

September 2014 Monthly Market Detail Florida Single Family Homes

The September 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed more improvement for September and at a better rate than last month.  Year to year closed sales were up by 13.5% (was up by 4.2% in August) and new sales under contract (new pending sales) increased by 10.6% (was up by 3% in August).

Both median and average sales prices continue to rise ( September 2013 to September 2014) by 5.9% and 4% respectively, compared to August’s 3.4% and 4.3%.   Slow and steady appreciation is a sign of a stable and growing real estate market.

The inventory of available homes for sale rose by 7.2% from last year.  This is now a full twelve 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. (September of 2013 had a 5.3 month supply)

September 2014 Monthly Market Detail Florida Single Family Homes

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

September 2014 Monthly Market Detail Florida Single Family Homes

Orchid Bay Palm City FL October 2014 Market Update

10.22.14 by

Orchid Bay Palm City FL October 2014 Market Update

There are currently 3 homes available to purchase in Orchid Bay.  List prices range from $389,900 to $525,000.  The average listing price is $463,300 which equates to $162.59 per sq. ft. of living area.

One home is under contract and awaiting sale.  The list price is $489,900 which is $164.45 per sq. ft. of living area.

In the past 12 months, 10 homes have sold in Orchid Bay.  Sales prices ranged from $319,101 to $510,000 for an average sold price $422,460 which equals $147.80 per sq. ft. of living area.  These 10 sales included one foreclosure and one short sale.

Orchid Bay Entrance 2

One of the most desirable communities in Palm City, Orchid Bay (also known as Captain’s Creek) lies just south of the new Palm City Veteran’s Memorial Bridge off of Mapp Road.  This gated community of 153 homesites (including only two vacant lots at this time) enjoys spacious private lots of at least a ½ acre with a few properties residing on over 1 acre sites.  This planned community was developed by the Tartan land Company in the early 1990’s and all homes are individually constructed by the lot owner’s builder of choice.  Consequently this is not a “cookie cutter” community by any means.

Orchid Bay Home 4

Homes range in size from over 5,000 sq. ft. of living area to just over 2,000.  From as many as 8 bedrooms down to 3 bedroom homes.  Both one and two story residences. Homes were built from 1992 through 2007.  Amenities include tennis courts, a picnic and playground area as well as a public gazebo.  Numerous lakes and ponds are on this property with many homes enjoying serene water views.  Orchid Bay has its own community propane tank so all residents have the option of hooking in for propane utilities if desired.

Orchid Bay Pool with Lake View

HOA fees at the time of this writing are $415 per quarter.   These fees include maintenance of the roads, trash pickup, common areas as well as basic cable TV service.

Orchid Bay Playground

Children of Orchid bay attend wonderful schools:  Palm City Elementary, Hidden Oaks Middle and Martin County High.

Orchid Bay Home 1

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For any questions you may have about Orchid Bay, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Orchid Bay Palm City FL October 2014 Market Update

Hobe Sound FL 33455 Condo Market Report September 2014

10.19.14 by

Hobe Sound FL 33455 Condo Market Report September 2014

 

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

 

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

 

There are currently 19 active condo listings. (Up by 1 condo from August)

Hobe Sound FL 33455 Condo Market Report September 2014

1 Condo sale is pending and awaiting close. (Down 3 condos from August)

 

2 Condos sold in August (Unchanged from August)Hobe Sound FL 33455 Condo Market Report September 2014

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. There are now no pending sales in the Hobe Sound for September. Not a good sign for future activity. Active listings increased by one and closed sales remained at 2 units.

The current absorption rate is 9.5 months (Last month it was 9 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 September 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 September 2013 numbers were: 14 active listings, 3 pending sales and 6 closed sales. A considerably weaker market for Hobe Sound condos this year when compared to last year.

Hobe Sound FL 33455 Condo Market Report September 2014

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Hobe Sound FL 33455 Condo Market Report September 2014

 

Hobe Sound FL 33455 Residential Market Report September 2014

10.18.14 by

Hobe Sound FL 33455 Residential Market Report September 2014

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

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

There are currently 250 active listings. (Up by 8 homes from August)

Hobe Sound FL 33455 Residential Market Report September 2014

 

74 Residential sales are pending and awaiting close  (Increased by 14 homes from August)

Hobe Sound FL 33455 Residential Market Report September 2014

25 Homes Sold in September (Down by 24 homes from last month)

Hobe Sound FL 33455 Residential Market Report September 2014

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County for September had a much weaker month with closed sales almost dropping by half.  The silver lining is that pending sales as well as the inventory of available homes was up, indicating good future activity in the coming months.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 10 months (4.6 months in August).  Back into a buyers market for Hobe Sound, after over a year of being in a sellers market. I don’t expect this to continue though, and we should be back closer to a balanced or even a sellers market again next 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 September 2013 were:  245 active listings, 69 pending sales and 49 closed sales.   Considerably worse closed sales activity as compared to last year.

Hobe Sound FL 33455 Residential Market Report September 2014

 

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Hobe Sound FL 33455 Residential Market Report September 2014

Jensen Beach FL 34957 Condo Market Report September 2014

10.17.14 by

Jensen Beach FL 34957 Condo Market Report September 2014

 

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

 

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



There are currently 34 active listings. (Up by 8 condos from August)

Jensen Beach FL 34957 Condo Market Report September 2014

8 Condo sales are pending and awaiting close or lender approval. (Decreased by 8 condos from August)

Jensen Beach FL 34957 Condo Market Report September 2014

10 Condos Sold (Up by 7 condo from August)

Jensen Beach FL 34957 Condo Market Report September 2014

 The Jensen Beach FL 34957 Condo Market Report September 2014 remains a small sector as far as condos in Martin County. After three months of decreased inventory, we finally had an increase for September.  Pensing sales were off for the month, but we had an excellent increase in closed sales.

The one month absorption rate for the September 2014, Jensen Beach Florida Market Report ZIP Code 34957 plunged to  3.4 months (8.7 months in August), 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 September 2013 numbers were: 35 active listings, 17 pending sales and 5 condos closed.   Better activity this year, but the smaller number of pending sales is of concern.

Jensen Beach FL 34957 Condo Market Report September 2014

 

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Jensen Beach FL 34957 Condo Market Report September 2014

Jensen Beach FL 34957 Residential Market Report September 2014

10.16.14 by

Jensen Beach FL 34957 Residential Market Report September 2014

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

 

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

 There are currently 112 active listings. (Up by 8 homes from last month)

Jensen Beach FL 34957 Residential Market Report September 2014

 

74 Residential sales are pending and awaiting close or lender approval. (Down by 13 homes from August)

Jensen Beach FL 34957 Residential Market Report September 2014

 

39 Homes Sold (Increased by 10 homes from August)

Jensen Beach FL 34957 Residential Market Report September 2014

 

The Jensen Beach FL 34957 Residential Market Report had continued strong activity from August to September.  Unfortunately the pending sales decreased for the month which may be an indication of some slower sales in the coming months.  Nice increases in both active listings and closed sales.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 2.9 months (was 3.6 months in August).  A very strong 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 September 2013 numbers were: 124 active listings, 69 pending sales and 28 home sales closed.  Better activity this year.  Especially when considering the reduced inventory.  The Jensen Beach residential real estate market remains the most active in Martin County.
 
Jensen Beach FL 34957 Residential Market Report September 2014 
 

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Jensen Beach FL 34957 Residential Market Report September 2014

Palm City FL 34990 Condo Market Report September 2014

10.15.14 by

Palm City FL 34990 Condo Market Report September 2014

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

 

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



There are currently 60 active condo listings. (Up by 1 condo from August)

Palm City FL 34990 Condo Market Report September 2014

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

Palm City FL 34990 Condo Market Report September 2014

0 Condos Sold in September. (Down by 4 condos from August)

 

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Unfortunately it is having a difficult time at present and the past few months.  There were no closed sales this month and only 2 condos are pending.  It looks like it will be some time before we see an improvement for the Palm City condo market.

The current absorption rate for condos in the 34990 zip code area can’t be determined with zero sales (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 September 2013 numbers were: 55 active listings, 8 pending sales and 5 closed sales.   One of our few areas with activity levels below that of last year.
 

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Palm City FL 34990 Condo Market Report September 2014

Palm City FL 34990 Residential Market Report September 2014

10.14.14 by

Palm City FL 34990 Residential Market Report September 2014

 

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

 

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


There are currently 433 active listings (Decreased by 3 homes from August)

Palm City FL 34990 Residential Market Report September 2014

 

 120 Residential sales are pending and awaiting close or lender approval. (Decreased by 25 homes from last month)

Palm City FL 34990 Residential Market Report September 2014

 

70 Homes Sold in August (Down by 6 homes from August)

Palm City FL 34990 Residential Market Report September 2014

 

The Palm City FL 34990 residential real estate market eased a little from a good August.  Though activity continues to be quite good.  Inventory was down slightly and both pending and closed sales were off by a bit.  Market activity continues to be quite good for palm City residential homes sales.
 
 The current absorption rate increased to 6.2 months from 5.7 months in August, making the Palm City residential real estate market to be considered balanced.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The September 2013 numbers were:  379 active listings, 147 pending sales and 48 closed sales.  Interestingly, Palm City is one of our few areas with a significantly greater inventory for 2014 as compared to last year.  Closed sales were higher this year while there was better pending activity in September of 2013.

Palm City FL 34990 Residential Market Report September 2014

 

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Palm City FL 34990 Residential Market Report September 2014

Stuart FL 34997 Condo Market Report September 2014

10.13.14 by

Stuart FL 34997 Condo Market Report September 2014

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

 

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

There are currently 60 active condo listings (Up by 5 condos from August).

Stuart FL 34997 Condo Market Report September 2014

30 Condo sales are pending and awaiting close or lender approval (Increased by 3 condos from August).

Stuart FL 34997 Condo Market Report September 2014

9 Condos Sold in September (Decreased by 5 condos from August).

Stuart FL 34997 Condo Market Report September 2014

The Stuart FL condo market for zip code 34997 continues with strong activity for September of 2014.  Closed sales were off for this month but there were increases in both inventory and pending sales which is a signal for further improvements in the future.  After some very strong results in the past few months we are back into a more sustainable market.

The one month absorption rate rose to 6.7  months from last months 3.9.  Back into a balanced market after a couple of months of extreme sellers advantage.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The September 2013 numbers were: 76 active listings, 28 pending sales and 7 closed sales.  Even with the reduced inventory as compared to last year, this segment of the Stuart condo market is outperforming last year’s activity.

Stuart FL 34997 Condo Market Report September 2014

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

 

 

Stuart FL 34997 Residential Market Report September 2014

10.12.14 by

Stuart FL 34997 Residential Market Report September 2014

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

 

There are currently 351 active listings (No change from August).

Stuart FL 34997 Residential Market Report September 2014

154 Residential sales are pending and awaiting close or lender approval (Decreased of 17 homes from August).

Stuart FL 34997 Residential Market Report September 2014

87 Homes Sold in September (Decreased by 8 homes from August)

Stuart FL 34997 Residential Market Report September 2014

      The Stuart Florida Residential Market for ZIP Code 34997 has been one of the hottest areas for Martin County residential sales and continues with very strong activity for September.  Pending sales numbers decreased for the second month in a row which might be an indication of slowing activity for the future.  There was also a decrease in closed sales for September as well.
 
     The current one month absorption rate increased to 4 months (was 3.7 months for August).  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 September, were: 356 active listings, 175 pending listings and 70 closed sales.  Closed sales were above last years numbers, though the other indicators were slightly better last year.
Stuart FL 34997 Residential Market Report September 2014 
 
 

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Stuart FL 34997 Residential Market Report September 2014

Jensen Beach Home in Windemere Sold

10.12.14 by

Jensen Beach Home in Windemere Sold

Another Jensen beach home sold by the Gabe Sanders BlueWater Realty Team.  With less than two weeks on the market, 916 NW Waterlily Place sold for $200,000.

 Windemere Home in Jensen Beach

Lovely 3 bedroom, 2 bath home in a well maintained family oriented community. Vaulted ceilings, open floor plan, lots of windows for natural light, breakfast bar, eat-in kitchen, split floor plan, laundry inside, covered patio. Backs up to a preserve for extra privacy. Located at the end of a cul-de-sac. Convenient location, close to mall, downtown, shopping, restaurants, fitness center and more.  Great home for the money.
 Windemere Home in Jensen Beach
 
Windemere Home in Jensen Beach

 

See available homes for sale in the Pines and Windemere

 

 

About Windemere and the Pines:

 

Located adjacent to the new Jensen Beach High School, and Felix A. Williams elementary school, some of Martin County’s best schools, is only one reason why The Pines and Windemere of Jensen Beach is such a desirable place to call home.

Some residents have stated “sending our children to Felix A. Williams is like having a private school in our own back yard.”

In addition to the great schools, The Pines and Windemere are located less than 3 miles from the beautiful unspoiled beaches of Hutchinson Island, a fantastic public golf course is right next door, as well as a regional park that offers little league and soccer and many family attractions. “we can play golf without the high cost just next door.”

For others, the best shops of the Treasure Coast Mall with a new 13-plex theater are also just a short ride away.

Along with its great location, The Pines and Windemere offers its residents beautiful lakefront and nature preserve front home sites at great values. Check available homes by selecting the search below.

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Jensen Beach Home in Windemere Sold

 

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Stuart FL 34996 Condo Market Report September 2014

10.11.14 by

Stuart FL 34996 Condo Market Report September 2014

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

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

There are currently 147 active condo listings (Down by 2 condos from last month).

Stuart FL 34996 Condo Market Report September 2014

 37 Condo sales are pending and awaiting close or lender approval (Decreased by 11 condos from August).

Stuart FL 34996 Condo Market Report September 2014

 

28 Condos Sold in September (Increased by 14 condos from August) 

Stuart FL 34996 Condo Market Report September 2014

The Stuart FL 34996 Condo Market demonstrated a very strong September 2014, with a nice increase in closed sales.  Unfortunately pending sales declined, while the inventory basically remained unchanged. 

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 5.25 months from August’s 10.6months .  Back into a sellers market after a three month buyers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for September 2013 were: 176 active listings, 35 pending sales and 17 closed sales.  2014 has outperformed last year for the 34996 zip code for Stuart condos.Stuart FL 34996 Condo Market Report September 2014

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Stuart FL 34996 Condo Market Report September 2014

Stuart FL 34996 Residential Market Report September 2014

10.10.14 by

Stuart FL 34996 Residential Market Report September 2014

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

 

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

 

There are currently 155 active listings (No change from August).

Stuart FL 34996 Residential Market Report September 2014

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

Stuart FL 34996 Residential Market Report September 2014

7 Homes Sold in September (Decreased by 6 homes from August).

Stuart FL 34996 Residential Market Report September 2014

The 34996 zip code area of the Stuart Florida residential real estate market experienced the second month of weaker results after a small rebound in July.  Closed sales were quite weak with no change in the active inventory.  One bright note for the future is the increase in pending numbers.  Whether this is a seasonal occurrence or a weaker market remains to be determined.

The one month absorption rate for the 34996 zip code area of Stuart Florida for September increased to 22 months as compared to August’s 11.9 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 September of 2013 were: 140 active listings, 16 pending sales and 13 closed sales.  Other than the closed activity, the 34996 zip code for Martin County is outperforming last years activity.

Stuart FL 34996 Residential Market Report September 2014

 

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Stuart FL 34996 Residential Market Report September 2014

Stuart FL 34994 Condo Market Report September 2014

10.09.14 by

Stuart FL 34994 Condo Market Report September 2014

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

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

 

There are currently 95 active condo listings (Down by 10 condos from August).

Stuart FL 34994 Condo Market Report September 2014

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

Stuart FL 34994 Condo Market Report September 2014

20 Condos Sold in September (Down by 2 condos from August).

Stuart FL 34994 Condo Market Report September 2014

 Still an active market for the Stuart FL 34994 Condo market.  Unfortunately, the inventory is getting low which means less of a choice for buyers coming into the area (or transitioning to new properties).  Pending sales are very strong while closed sales were down slightly for September.

The one month absorption rate remained basically unchanged at 4.75  months compared to last month’s 4.8.  Still 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 September the numbers were 119 active listings, 48 pending sales, and 15 closed sales.  Overall better activity this year when the reduced inventory is factored in as percentages of market activity.

Stuart FL 34994 Condo Market Report September 2014

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

Stuart FL 34994 Residential Market Report September 2014

10.08.14 by

Stuart FL 34994 Residential Market Report September 2014

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

 

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

There are currently 62 active listings (Decreased by 5 homes from August)

Stuart FL 34994 Residential Market Report September 2014

 

40 Residential sales are pending and awaiting close or lender approval (Up by 1 homes from August).

Stuart FL 34994 Residential Market Report September 2014

 

13 Homes Sold in September (Increased by 3 homes from August)

Stuart FL 34994 Residential Market Report September 2014

September activity for the 34994 ZIP code area of the Stuart, Florida showed improved market activity across the board during a typically slow time of the year.   Both closed and pending sales activity improved.  Unfortunately the available inventory of active listings continues to decrease.

The one month absorption rate for the 34994 zip code for September decreased to 4.8 months from last months 6.7 months.  For September we are back into a sellers market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The September 2013 numbers were 62 Active Listings, 36 pending sales and 9 closed sales.   Better activity for 2014 when compared to last year.

Stuart FL 34994 Residential Market Report September 2014

 

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Stuart Florida Market Report ZIP Code 34994 Residential September 2014

Sewalls Point Single Family Market Report September 2014

10.07.14 by

Sewalls Point Single Family Market Report September 2014

Sewalls Point Real Estate Snapshot, Residential Sales for September 2014

 

There are currently 45 active listings (Up by 4 homes from August)

Sewalls Point Real Estate Snapshot, Residential Sales for September 2014

 

 7 Residential sales are pending and awaiting close or lender approval (Down by 1 homes from last month)

Sewalls Point Real Estate Snapshot, Residential Sales for September 2014

No Homes sold in September (Decreased by 7 homes from August)

 

 After a fairly positive August for the Sewalls Point single family homes market activity, September 2014 is the first month in quite some time with no closed sales on record.  September is also the first month in five months with an increase in inventory.  Pending sales remain fairly weak as well as the Sewalls Point residential real estate market could definitely use some improvement.

With zero sales, no absorption rate can be calculated.  Though in August it was 5.6 months.  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 September of 2013, the inventory was 49 homes on the market, 7 pending sales and there were 2 closed sales.  Very similar activity as compared to last year, with the exception of the zero sales activity.

 

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Sewalls Point Single Family Market Report September 2014

 

August 2014 Monthly Market Detail St Lucie County Townhouses and Condos

09.30.14 by

August 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The August 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed decreased activity as compared to last year for the past couple of months.  Closed sales were down by 9.1% (was down by 10.4% in July) while new sales under contract (new pending sales) decreased by 0.8% (was down by 3.4% in July). 

The median sales price was up by 7.8% (down 1.4% in July) and the average sales price decreased by 14.2% (was down by 2.4% in July).  Prices rose very rapidly last year and we are seeing some corrections to the market for the past few months.

The inventory of available townhouses and condos decreased by 42 units from last month to 678 units which is down by 18.5% from last August.  Current supply of inventory decreased to 6.6 months from the 6.9 month supply in July and is 17.5% lower than last year.  The St. Lucie County townhouse and condo market is drifting back into a buyers market.  An increase in inventory would help this segment grow faster.

St. Lucie County Townhouse and Condo August 2014

 

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

August 2014 Monthly Market Detail St Lucie County Townhouses and Condos