May 2014 Monthly Market Detail Florida Townhouses and Condos

06.26.14 by

May 2014 Monthly Market Detail Florida Townhouses and Condos

For the May 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida, activity has decreased from last years hot pace.  Year to year closed sales were down by 7% as compared to last months decrease of 5.1% and new sales under contract (new pending sales) decreased by 13.4% (April’s decrease was 11%).

Both median and average sales prices were up (year to year) by 13.7% and 12.7% respectively (in April it was 9.8% and 10.6%). Continued strong price gains.  This is a bit surprising since the market does appear to be cooling somewhat, though for may it continues to be active and a balanced market.

Inventory rose for the eighth month in a row, by 11.3% (was up by 9.3 in April).  The rising inventory should eventually produce some pressure to moderate the rising prices.  Hopefully, this will help continue the strong momentum for sales activity.  The current 6 month supply of inventory is a good sign that we are in a balanced market.

Florida Condo Townhouse May 2014

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:  May 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.

May 2014 Monthly Market Detail Florida Townhouses and Condos

Emerald Lakes Townhome Stuart FL Under Contract

06.26.14 by

Emerald Lakes Townhome Stuart FL Under Contract

Emerald Lakes Townhome Stuart FLAwesome lake view from this updated townhome in Emerald Lakes.  The roof was re-coated 2013 and a new A/C in 2010. New carpets also.

Emerald Lakes Townhome Stuart FL

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

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

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

Emerald Lakes Townhome Stuart FL

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

Emerald Lakes Townhome Stuart FL

Currently Available Homes and Town Homes in Emerald Lakes

Emerald Lakes Townhome Stuart FL Under Contract

May 2014 Monthly Market Detail Florida Single Family Homes

06.25.14 by

May 2014 Monthly Market Detail Florida Single Family Homes

The May 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed improved results from last year, though at a much reduced pace from 2013.  Year to year closed sales were up, but only by 3.6% (was up by 4.1% in April) and new sales under contract (new pending sales) decreased by 0.6% (was down by 1.1% in April).

Both median and average sales prices continue to rise ( May 2013 to May 2014) by 4.3% and 8.9% respectively, compared to April’s 6.1% and 3.8%.   While still positive numbers, the rate of appreciation appears to be slowing.

The inventory of available homes for sale jumped by 20.4% from last year.  This is now the eighth month 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.  I suspect that the reduced rate of increasing values and home sales are a direct result of the increasing inventory.  Currently, there are just not enough buyers to absorb this increase fully.  Though with only a 5.7 months supply of inventory, this is still a healthy and balanced market. (2013 had a 5 month supply)

Florida Single Family May 2014

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

May 2014 Monthly Market Detail Florida Single Family Homes

Hobe Sound FL 33455 Condo Market Report May 2014

06.24.14 by

Hobe Sound FL 33455 Condo Market Report May 2014

 

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

 

For April 2013 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 20 active condo listings. (Down by 1 condo from April)

Hobe Sound FL 33455 Condo Market Report May 2014

5 Condo sales are pending and awaiting close or lender approval. (Decreased by 1 condo from April)

Hobe Sound FL 33455 Condo Market Report May 2014

3 Condos sold in April (Down by 2 condos from April)

Hobe Sound FL 33455 Condo Market Report May 2014

The Hobe Sound condo market (Zip Code 33455) is one of the smallest segments of the Martin County real estate market (along with the Jensen Beach condo market).  Unfortunately closed sales were off as well as pending sales for May.  The inventory is now down to only 20 available condos, so I’m not expecting any great movement here until this number can increase.

The current absorption rate is 6.7 months (Last month it was 4.2 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 may not indicate a true trend in the market.  Yet even with these low numbers, we are in a balanced market for condos in the 33455 zip code area of Hobe Sound.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The May 2013 numbers were:  21 active listings, 5 pending sales and 4 closed sales.   Little change in market activity from last years numbers.

Hobe Sound FL 33455 Condo Market Report May 2014

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Hobe Sound FL 33455 Condo Market Report May 2014

 

Hobe Sound FL 33455 Residential Market Report May 2014

06.23.14 by

Hobe Sound FL 33455 Residential Market Report May 2014

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

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

There are currently 272 active listings. (Down by 26 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2014

84 Residential sales are pending and awaiting close  (Decreased by 4 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2014

47 Homes Sold in May (Up by 5 homes from last month)

Hobe Sound FL 33455 Residential Market Report May 2014

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County for May had excellent market activity across the board.  Unfortunately the inventory continues to declines which could have an effect on the total number of sales in the future as there is less to choose from for buyers.  Closed sales were up for May while pending sales were off slightly.  However both sets of activity remain quite healthy.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased slightly to 5.8 months (5.4 months in April).  A slight sellers market for Hobe Sound, which is where we were for most of 2013.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for May 2013 were:  228 active listings, 105 pending sales and 50 closed sales.   Not as robust a sellers market as it was in 2013, but still very good activity.

Hobe Sound FL 33455 Residential Market Report May 2014

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Hobe Sound FL 33455 Residential Market Report May 2014

River Landing Pool Home Sold

06.22.14 by

River Landing Pool Home Sold

River Landing Home for Sale 

This River Landing concrete block house with metal roof has sold. Please call us if you have an interest in the sales price.  Lovely tile on the diagonal in all the main living areas. 4 bedrooms, 2.5 baths. Located on a stunning lakefront lot, this home is truly special. Home offers a spacious family room with wood burning fireplace. A very large pool & patio with screen enclosure overlooking the lake is picture perfect. River Landing offers community boat ramp with ocean access.

Entrance to River Landing in Palm City Florida
One of the little known gems of the Treasure Coast, River Landing is home to 96 custom built homes on the shores of the South Fork of the Saint Lucie River.  There is currently one vacant lot left in River Landing.  Homes in River landing were first built in 1986 and as of this writing the last one was built in 2007.  Both one and two story homes on generous sized lots of approximately 1/3 of an acre and some with larger lots.  Home sizes range from 3 bedroom homes with under 2,000 sq. ft. of living area up to 5 BR with almost 4,500 sq. ft. of air conditioned space.  Low HOA fees of $400 per quarter include basic cable TV services, trash pickup, security gate and maintenance and upkeep of the common areas.
River Landing River Access

This one of a kind gated community offers child and pet friendly quiet streets and has an ocean access boat ramp as well as RV/Trailer/Boat storage facility, tennis courts and playground.

Homes are surrounded by wetland preserves, lakes and forested areas.

 

River Landing in palm City Florida Playground

Living in River Landing is like being on vacation year round with its quick access to the St. Lucie River for a great day of fishing on your boat. The homes in River Landing are mostly new with some older updated homes, and mostly spacious with ample space to give you the privacy you want.  Palm City is a wonderful town to live in because of its closeness to I-95 and Florida’s Turnpike as well as its “A” rated school system, entertainment and fantastic local restaurants!

Search here for:

River Landing Homes for Sale in Palm City Florida

 

 

River Landing Pool Home Sold

Jensen Beach FL 34957 Condo Market Report May 2014

06.21.14 by

Jensen Beach FL 34957 Condo Market Report May 2014

 

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

 

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



There are currently 31 active listings. (Increased by 2 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2014

9 Condo sales are pending and awaiting close or lender approval. (Unchanged from April)

Jensen Beach FL 34957 Condo Market Report May 2014

5 Condos Sold (Down by 4 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2014

 

 The Jensen Beach FL 34957 Condo Market Report May 2014 remains a small sector as far as condos in Martin County. After dropping down to very low levels, the active inventory has started to rise now for two months in a row.  Unfortunately pending sales remain fairly low as well as a slower volume of closed sales.

The one month absorption rate for the May 2014, Jensen Beach Florida Market Report ZIP Code 34957 rose to 6.2 months (3.2 months in April), back into a balanced market after an exceptionally active spring.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The May 2012 numbers were: 44 active listings, 24 pending sales and 7 condos closed.   Even though the Jensen Beach Condo market activity was better last year, this remains a strong segment for Martin County real estate.

Jensen Beach FL 34957 Condo Market Report May 2014

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Jensen Beach FL 34957 Condo Market Report May 2014

Jensen Beach FL 34957 Residential Market Report May 2014

06.20.14 by

Jensen Beach FL 34957 Residential Market Report May 2014

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

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

 There are currently 112 active listings. (Decreased by 23 homes from last month)

Jensen Beach FL 34957 Residential Market Report May 2014

72 Residential sales are pending and awaiting close or lender approval. (Down by 8 homes from April)

Jensen Beach FL 34957 Residential Market Report May 2014

42 Homes Sold (Increased by 2 homes from April)

Jensen Beach FL 34957 Residential Market Report May 2014

Continued strong closed sales numbers for the Jensen Beach FL 34957 Residential Market Report May 2014.  Unfortunately pending sales dropped for the second month in a row, which way be an indication of some future weakness in the number of sales.  The inventory also dropped significantly making fewer homes available for buyers to have access to.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 2.7 months (3.4 months in April).  An exceptionally 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 May 2012 numbers were: 103 active listings, 76 pending sales and 27 home sales closed.   Considerably stronger closed sales this year as compared to 2013.  I don’t believe this level of activity is sustainable in Jensen Beach, as I’m expecting a gradual move back towards a balanced market in the coming months. 
 
(Please disregard the one sale at 908% of list price.  This is a data error that has not been corrected to date.)
Jensen Beach FL 34957 Residential Market Report May 2014
 
 

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Jensen Beach, FL Real Estate

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Jensen Beach FL 34957 Residential Market Report May 2014

Palm City FL 34990 Condo Market Report May 2014

06.18.14 by

Palm City FL 34990 Condo Market Report May 2014

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

 

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



There are currently 52 active condo listings. (Down by 1 condo from April)

Palm City FL 34990 Condo Market Report May 2014

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

Palm City FL 34990 Condo Market Report May 2014

4 Condos Sold in May. (Down by 3 condos from April)

Palm City FL 34990 Condo Market Report May 2014

Unfortunately closed sales were off for may 2014 in the Palm City FL 34990 condo real estate market.  Pending sales were up and inventory was down.  The Palm City condo market is quite small and inferences into the more general condo market should not be made.

The current absorption rate for condos in the 34990 zip code area rose to 13  months (was 7.6 months in April).   A buyers market.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The May 2012 numbers were: 52 active listings, 16 pending sales and 3 closed sales.   Similar numbers to last year, but the decrease in pending sales this year is a note for concern for future activity.
Palm City FL 34990 Condo Market Report May 2014

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Palm City FL 34990 Condo Market Report May 2014

Palm City FL 34990 Residential Market Report May 2014

06.17.14 by

Palm City FL 34990 Residential Market Report May 2014

 

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

 

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


There are currently 436 active listings (Decrease of 10 homes from April)

Palm City FL 34990 Residential Market Report May 2014

 175 Residential sales are pending and awaiting close or lender approval. (Increased by 9 homes from last month)

Palm City FL 34990 Residential Market Report May 2014

72 Homes Sold in April (Decreased by 10 homes from April)

Palm City FL 34990 Residential Market Report May 2014

A solid month for the Palm City FL 34990 residential real estate market.  Not quite as strong as the very active April that we had, but good activity none the less.  Closed sales were off from April, but remained at a strong level and pending sales rose indicating a potential for good future activity.  The inventory declined slightly.
 
The current absorption rate increased to 6.1 months from 5.4 months in April, putting the Palm City residential real estate market back into a balanced market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The May 2012 numbers were:  391 active listings, 167 pending sales and 77 closed sales.  When the increased inventory is figured in, numbers are very similar to last years excellent activity.

Palm City FL 34990 Residential Market Report May 2014

Palm City Florida Real Estate presented by:
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Palm City, FL Real Estate

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Palm City FL 34990 Residential Market Report May 2014

June 2014 Market Report for The Soundings

06.17.14 by

June 2014 Market Report for The Soundings Yacht and Tennis Club

For June 2014 there are currently 11 active listings in the Soundings Yacht and Tennis Club in Hobe Sound, FL.  List prices range from $350,000 to $1,500,000 with an average of $274 per square foot of living area.

One home is under contract and awaiting settlement.  The list price is $625,000 which equates to $264 per sq. ft. of living area.

In the past 12 months 8 homes have sold in the Soundings.  Sales prices ranged from a low of $199,000 to a high of $1,450,000 for an average of $186 per sq. ft. of living area.

The Soundings in Hobe Sound FL

Conveniently located only minutes from beautiful Jupiter Island Beach, June 2014 Market Report The Soundings Yacht and Tennis Club, Florida is an active planned community bordering both sides of Gomez Avenue in Hobe Sound.  There are a total of 153 home sites in the Soundings with only 2 vacant lots unbuilt at last count.

The Soundings in Hobe Sound FLOn the East side of Gomez, the Soundings homes are mostly waterfront with deep water docks accessing the Intracoastal waterway.  A small marina with additional docks deeded to a few select homes that do not have waterfront locations.  In addition, there is a boat ramp as well as trailer storage for those wishing to keep their boats in dry storage.  In addition, there’s a large community pool, tennis courts and an active fully equipped club house.The Soundings in Hobe Sound FL

Homes in the Soundings Yacht and Tennis Club range from spacious estate homes with Intracoastal views to smaller cottages that are perfect for the occasional seasonal resident or those not requiring large homes but want easy access to the water.

The Soundings in Hobe Sound FLMore information about the Soundings Yacht and Tennis Club can be found on their community website.

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June 2014 Market Report The Soundings Yacht and Tennis Club

Stuart FL 34997 Condo Market Report May 2014

06.16.14 by

Stuart FL 34997 Condo Market Report May 2014

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

 

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

There are currently 74 active condo listings (Down by 9 condos from April).

Stuart FL 34997 Condo Market Report May 2014

32 Condo sales are pending and awaiting close or lender approval (Down by 7 condos from April).

Stuart FL 34997 Condo Market Report May 2014

28 Condos Sold in May (Increased by 3 condos from April).

Stuart FL 34997 Condo Market Report May 2014

Another month of increased closed sales for the Stuart FL condo market for zip code 34997.  Unfortunately, this is probably not going to continue at this strong of a pace.  The inventory continues to decline along with another monthly drop in pending sales.  A pretty strong indicator of decreasing future activity.

The one month absorption rate is now 2.6  months from last months 3.3.  A very strong sellers 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 May 2012 numbers were: 87 active listings, 30 pending sales and 17 closed sales.   Better activity for this year as compared to last, and this market remains very strong.  Just possibly a little to strong to be sustainable for the long run.

Stuart FL 34997 Condo Market Report May 2014

 

Stuart Florida Real Estate presented by:
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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2014

 

 

Stuart FL 34997 Residential Market Report May 2014

06.14.14 by

Stuart FL 34997 Residential Market Report May 2014

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

 

There are currently 413 active listings (Increased by 9 homes from April).

Stuart FL 34997 Residential Market Report May 2014

164 Residential sales are pending and awaiting close or lender approval (A decrease of 26 homes from April).

Stuart FL 34997 Residential Market Report May 2014

107 Homes Sold in May (Increased by 46 homes from April)

Stuart FL 34997 Residential Market Report May 2014

The Stuart Florida Residential Market for ZIP Code 34997 had a very strong May with a large increase in closed sales and another bump in active inventory.  The one potential disturbing number is a large drop in pending sales.  A potential for less sales in the near future.
 
The current one month absorption rate dipped to 3.9 months (was 6.6 months for April).  A strong 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 May, were: 298 active listings, 190 pending listings and 84 closed sales.  This segment of the Stuart residential market has a dramatic increase in inventory when compared to last year.  Hence, activity is also considerably higher.
Stuart FL 34997 Residential Market Report May 2014
 
 
 

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Stuart FL 34997 Residential Market Report May 2014

Stuart FL 34996 Condo Market Report May 2014

06.13.14 by

Stuart FL 34996 Condo Market Report May 2014

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

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

There are currently 145 active condo listings (Up by 3 condos from last month).

Stuart FL 34996 Condo Market Report May 2014

 

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

Stuart FL 34996 Condo Market Report May 201426 Condos Sold in May (Decreased by 15 condos from April) 

Stuart FL 34996 Condo Market Report May 2014

Not a very positive month for the Stuart FL 34996 Condo Market Report May 2014 as compared to April.   Both pending and closed sales were off from last month.  However, we still have positive activity and this market has returned to a more sustainable rate from the extremely hot numbers from last month.  Inventory was up slightly.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 5.6 months from April’s 3.5 months .   Still a sellers market representing a strong spring for the 34996 condo market of Stuart, FL.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for May 2012 were: 195 active listings, 33 pending sales and 25 closed sales.  When the considerably lower inventory is factored into the market activity, the 2014 numbers are much better than last year’s.

Stuart FL 34996 Condo Market Report May 2014

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Stuart FL 34996 Condo Market Report May 2014

Stuart FL 34996 Residential Market Report May 2014

06.12.14 by

Stuart FL 34996 Residential Market Report May 2014

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

 

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

 

There are currently 187 active listings (Increased by 1 home from April).

Stuart FL 34996 Residential Market Report May 2014

 48 Residential sales are pending and awaiting close or lender approval (Decreased by 4 homes from April).

Stuart FL 34996 Residential Market Report May 2014

20 Homes Sold in May (Increased by 9 homes from April).

Stuart FL 34996 Residential Market Report May 2014

A good month for the 34996 zip code area of the Stuart Florida residential real estate market.  Inventory rose slightly and closed sales took a nice jump.  The only negative was a drop in pending sales, indicating a potential reduction in future closed sales.

The one month absorption rate for the 34996 zip code area of Stuart Florida for May decreased to 9.4 months as compared to April’s 16.9 months.  Still a buyers market, but much better than the April number.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for May of 2012 were: 161 active listings, 55 pending sales and 19 closed sales.   This segment of the Stuart market continues to lag behind the results from 2013.

Stuart FL 34996 Residential Market Report May 2014

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Stuart FL 34996 Residential Market Report May 2014

Stuart FL 34994 Condo Market Report May 2014

06.11.14 by

Stuart FL 34994 Condo Market Report May 2014

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

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

 

There are currently 111 active condo listings (Unchanged from April).

Stuart FL 34994 Condo Market Report May 2014

50 Condo sales are pending and awaiting close or lender approval. (Down by 6 condos from last month) 

Stuart FL 34994 Condo Market Report May 2014

27 Condos Sold in May (Up by 4 condos from April).

Stuart FL 34994 Condo Market Report May 2014

Better closed number for the Stuart FL 34994 Condo market.  Unfortunately, pending sales were off which typically signifies less closed sales in the near future.  Inventory of available condos remained unchanged.

The one month absorption rate dropped to 4.1 months compared to last month’s 5.  A strong 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 May the numbers were 113 active listings, 42 pending sales, and 30 closed sales.   Pretty similar activity to last year and continuing good solid activity.

Stuart FL 34994 Condo Market Report May 2014

Search here for Stuart Florida Real Estate for Sale ( Condos)

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

Stuart FL 34994 Condo Market Report June 2014

06.11.14 by

Stuart FL 34994 Condo Market Report June 2014

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

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

 

There are currently 111 active condo listings (Unchanged from May).

Stuart FL 34994 Condo Market Report June 2014

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

Stuart FL 34994 Condo Market Report June 2014

23 Condos Sold in June (Down by 4 condos from May).

Stuart FL 34994 Condo Market Report June 2014

A little slower market activity for the Stuart FL 34994 Condo market.  Both closed and pending sales were off from May, but don’t let this fool you as this is one of the hottest areas of Martin County and Stuart.

The one month absorption rate dropped to 4.8 months compared to last month’s 4.1.  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 June the numbers were 112 active listings, 52 pending sales, and 17 closed sales.   No major changes from last years activity.

Stuart FL 34994 Condo Market Report June 2014

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

Stuart FL 34994 Residential Market Report May 2014

06.10.14 by

Stuart FL 34994 Residential Market Report May 2014

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

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

There are currently 73 active listings (Decreased by 1 home from April)Stuart FL 34994 Residential Market Report May 2014

32 Residential sales are pending and awaiting close or lender approval (Up by 8 homes from April).

Stuart FL 34994 Residential Market Report May 2014

10 Homes Sold in May (Decreased by 5 homes from April)

Stuart FL 34994 Residential Market Report May 2014

After three straight months of increasing closed sales for the 34994 ZIP code area of the Stuart, Florida, May saw a decrease of 5 closed sales.  Pending sales which were off last month rebounded nicely, indicating a good possibility of increased closed sales in the coming months.  Unfortunately, the inventory continues to shrink making for less potential home sales for the future.

The one month absorption rate for the 34994 zip code for May increased to 7.3 months from last months 4.9 months.  A  shift back into a buyers market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The May 2012 numbers were 56 Active Listings, 42 pending sales and 9 closed sales.   Considering the increased inventory this year as compared to 2013, market activity is not quite as robust.

Stuart FL 34994 Residential Market Report May 2014

 

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Stuart Florida Market Report ZIP Code 34994 Residential May 2014

Holly Creek Towhhouse in Jensen Beach FL Sold

06.10.14 by

Holly Creek Towhhouse in Jensen Beach FL Sold

Thanks to the Gabe Sanders BlueWater Realty team, their are new owners for 694 NE Wax Myrtle Way in Holly Creek, Jensen Beach FL.  Just closed for $122,500.

694 NE Wax Myrtle Way in Holly Creek

Two story townhome with glorious lake views and remodeled Master bath, plantation shutters in Master bedroom, laundry shoot, roll-down shutters, 1 car garage, screened porch, under stairs storage. Hot water heater 2009 & new range.

694 NE Wax Myrtle Way in Holly Creek

Holly Creek is one of the hidden jewels in Martin County and Jensen Beach. Holly Creek is a small and affordable subdivision located off of Jensen Beach Blvd. Just 2 miles from the Indian River (Intracoastal Waterway) and across the Jensen Beach Causeway to access the pristine waters and beaches of the Atlantic Ocean.

694 NE Wax Myrtle Way in Holly Creek

Only two miles to the Treasure Coast Mall and surrounding areas for shopping, and just a short bike ride from schools, restaurants, parks and downtown Jensen Beach; Holly Creek is one of the best locations on the Treasure Coast Low fees include professional landscaping.A large heated pool and two professional tennis courts adjoin the spacious clubhouse that has party and banquet facilities available for residents to use.

694 NE Wax Myrtle Way in Holly Creek Numerous small lakes and lush landscaping make Holly Creek a desirable place to call home or a possible vacation retreat from those cold northern winters.

694 NE Wax Myrtle Way in Holly Creek

Holly Creek features 2 bedroom townhomes, 3 bedroom villas, 3 bedroom chalet homes all with a single car garage and additional parking. There are also a limited number of estate homes in the rear of Holly Creek which have 2 car garages, larger floor plans and individual designs.

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Holly Creek Towhhouse in Jensen Beach FL Sold

Sewalls Point Single Family Market Report May 2014

06.09.14 by

Sewalls Point Single Family Market Report May 2014

Sewalls Point Real Estate Snapshot, Residential Sales for April 2014

 

There are currently 58 active listings (Unchanged from April)

Sewalls Point Single Family Market Report May 2014

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

Sewalls Point Single Family Market Report May 2014

5 Homes sold in April (Unchanged from April)

Sewalls Point Single Family Market Report May 2014

The Sewalls Point single family homes market activity for May 2014 is basically unchanged from April with the exception of one additional pending sale.   Activity is slow, but steady.  Sewalls point is a desirable location for families and it will be interesting to see if we have increased activity prior to the next school year.

The absorption rate is currently 11.6 months unchanged from last month and with plenty of room for improvement.  It’s been a strong buyers market for Sewalls Point in the past 4 months now, as activity for this community has slowed this year.  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 May of 2013, the inventory was 58 homes on the market, 17 pending sales and there were 7 closed sales.  Better activity, if only slightly, last year.

Sewalls Point Single Family Market Report May 2014

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Sewalls Point Single Family Market Report May 2014