January 2014 Monthly Market Detail St Lucie County Single Family Homes

02.28.14 by

January 2014 Monthly Market Detail St Lucie County Single Family Homes

January 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors closed out 2013 continues to show strong activity, though at a continued reduced pace that we first noticed in the last couple of months of 2013.  Closed sales from last year were up by 4.8% (in December they were down by 6.9%) and new sales under contract (new pending sales) decreased by 12.9% (they were down by 30% last month).

Both median and average sales prices were up (year to year) by 9.5% and 14.1% respectively from last January. 

January 2014 Monthly Market Detail St Lucie County Single Family Homes

The inventory of active listings rose in January (from last month) to 2247 homes, which is also an increase of 14.2% from last year.  Current supply of inventory is only 5.2 months (a 7.8% increase from last year).   Still a strong sellers market for Saint Lucie County single family homes for sale.  Though the pace is definitely moderating for the past 3 months.

Click here to view or download the full report:  January 2014 Monthly Market Detail St Lucie County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

January 2014 Monthly Market Detail St Lucie County Single Family Homes

January 2014 Monthly Market Detail Martin County Townhouses and Condos

02.27.14 by

January 2014 Monthly Market Detail Martin County Townhouses and Condos 

January 2014 Monthly Market Detail Martin County Townhouses and Condos report began the year with continued signs of a slowing momentum, but still mostly positive overall results from previous years.   Even though price rises have moderated a bit this month, I’m expecting to see more increases in value until the inventory begins to increase.  Year to year closed sales were up by 4.3% (down by 9% in December) while new sales under contract (new pending sales) decreased by 20.9% (was up 8.1% in December).

January 2014 Monthly Market Detail Martin County Townhouses and Condos

The median sales price increased by 15.2 % (was up a whopping 45% in December) while the average sales price increased by 3.7% (was up 10.4% in December) as compared to January of 2013.

 The inventory of available townhouses and condos has increased by 15 to 638 units from last month, but this is still down from January of 2013 by 19.6%.  Current supply of inventory is 6.4 months (a 29.9% decrease from last year).  The Martin County townhouse and condo market is fairing much better than many other areas of the state.

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

January 2014 Monthly Market Detail Martin County Townhouses and Condos

January 2014 Monthly Market Detail Martin County Single Family Homes

02.26.14 by

January 2014 Monthly Market Detail Martin County Single Family Homes

The January 2014 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors began 2014 with mostly a positive start.  Only negative was that new pending sales were off by 18.8% from last year (increased by 9.5% in December).  Closed sales were up by 29.9% (was 17.8% in December).

The median sales price was up by 24.7% from last year while the average price dropped by 8.5%.  This is not an indication of rising or lowering values, but rather the mix of homes that have sold this month.   Generaly values are in fact rising at a fairly moderate pace overall, though individual locations will vary.

January 2014 Monthly Market Detail Martin County Single Family Homes

The inventory of available single family homes increased from December 2013 to 1,355 units, and this is an 8.3% increase from last January.  Current supply of inventory is only 6.9 months (a 9.6% decrease from last year).  We continue to be in a balanced market for residential sales in Martin County.  A continues strong market to begin 2014.

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

January 2014 Monthly Market Detail Martin County Single Family Homes

January 2014 Monthly Market Detail Florida Townhouses and Condos

02.25.14 by

January 2014 Monthly Market Detail Florida Townhouses and Condos

For the January 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida a mostly positive result to begin the year as compared to the start of 2013.   Though more positive results than they were for last month.   Year to year closed sales were up by 9.3% as compared to last months decrease of 2.5% and new sales under contract (new pending sales) decreased by 6% (December’s decrease was 8.7%).

January 2014 Monthly Market Detail Florida Townhouses and Condos 

Both median and average sales prices were up (year to year) by 17% and 21% respectively.  Very significant gains.

Inventory rose for the third month in a row, by 3.5%.  If the inventory keeps rising, I expect to see some increases in the sales volume and a leveling off or a moderation to the pretty dramatic price increases we’ve experienced last year.

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:  January 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.

January 2014 Monthly Market Detail Florida Townhouses and Condos

January 2014 Monthly Market Detail Florida Single Family Homes

02.24.14 by

January 2014 Monthly Market Detail Florida Single Family Homes

The January 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors began 2014 with all positive results as compared to the start of 2013.  Both closed and pending sales were up.   Year to year closed sales were up by 10.2% (was up by 8.6% in December) and new sales under contract (new pending sales) increased by 0.7% (was down by4.2% in December).

January 2014 Monthly Market Detail Florida Single Family Homes

Both median and average sales prices were up ( January 2013 to January 2014) by 12.1% and 19.9% respectively.   Very good results compared to the past few months when values increased, but at a much slower rate.

The inventory of available homes for sale increased by 15% from last year.  This is now the fourth 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.  We do need to watch that inventory levels don’t rise so much as to have a negative effect on prices (law of supply and demand).  It does appear that even with the increasing inventory the traffic for the new year is quite high and I expect some strong results for next month.

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

January 2014 Monthly Market Detail Florida Single Family Homes

3210 NE Holly Creek Drive Sold

02.24.14 by

3210 NE Holly Creek Drive Sold

This wonderful Holly Creek townhome has a new owner.  Sold on Feb 20, 2014 for $115,000.  Hopefully the new owner will like this home as he has never seen it as all showings, inspections and closing details were done over the Internet.

3210 NE Holly Creek DriveTwo 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.  Under contract and awaiting settlement.

3210 NE Holly Creek Drive

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.

3210 NE Holly Creek DriveOnly 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.3210 NE Holly Creek DriveA large heated pool and two professional tennis courts adjoin the spacious clubhouse that has party and banquet facilities available for residents to use.

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.

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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3210 NE Holly Creek Drive Sold

 

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code January 2014

02.23.14 by

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code January 2014

 

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

 

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

 

There are currently 22 active condo listings. (Down by 1 condo from December)

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code January 2014

 

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

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code January 2014

1 Condos sold in December (Increased by 1 condo from December)

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code January 2014

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  January 2014 started with little change from last month.  Only 1 sale, 1 additional pending listing and another small decrease in inventory.

The current absorption rate with only one sale is 22 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.

The January 2013 numbers were:  19 active listings, 8 pending sales and 4 closed sales.   Better activity last year by a wide margin.  One of the only segments of the Martin County real estate market with these poor comparative results.

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code January 2014 

 

 

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Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code January 2014

 

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code January 2014

02.22.14 by

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code January 2014

 

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

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

 

There are currently 287 active listings. (Up by 21 homes from December)

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code January 2014

 

77 Residential sales are pending and awaiting close  (Increased by 2 homes from December)

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code January 2014
 

43 Homes Sold in January (Up by 1 home1 from last month)

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code January 2014

After a strong finish for 2013 from the Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County, January began with continued strong market activity.  All measured activity in this report showed good gains.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose slightly tot 6.8  months (6.2 months in December).  A balanced market.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for January 2013 were:  262 active listings, 96 pending sales and 28 closed sales.  With the exception of the pending sales numbers, better activity this year as compared to January 2013.

 Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code January 2014

 

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Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code January 2014

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code January 2014

02.21.14 by

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code January 2014

 

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

 

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



There are currently 34 active listings. (Decreased by 7 condos from December)

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code January 2014

 

19 Condo sales are pending and awaiting close or lender approval. (Up by 4 condos from December)

 

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code January 2014

4 Condos Sold (Decreased by 6 condos from December)

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code January 2014


The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  After 4 months of slowly increasing inventory, active listings once again declined.   We ended 2013 with a nice jump in closed sales, but for January sales once again declined.  About the only good news is a nice increase in pending sales.

The one month absorption rate for the January 2014, Jensen Beach Florida Market Report ZIP Code 34957 jumped to 8.5  months (4.1 months in December), back into a buyers’ market.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The January 2012 numbers were: 66 active listings, 27 pending sales and 5 condos closed.   Almost double the inventory last year, so with that percentage this condo market is still doing OK, but we need more active listings for any movement to be possible.

 Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code January 2014

 

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Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code January 2014

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code January 2014

02.20.14 by

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code January 2014

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

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

 

 There are currently 149 active listings. (Increased by 14 homes from last month)

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code January 2014

 

70 Residential sales are pending and awaiting close or lender approval. (Up by 19 homes from December)


Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code January 2014

 

20 Homes Sold (Decreased by 7 homes from December)

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code January 2014

The January 2014 Jensen Beach residential real estate market, zip code 34957 began the year with less closed sales than December, but also with a nice jump in pending sales indicating good future sales coming.   Also of interest, a good increase to the inventory, after many months of decreases.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 7.5  months (5 months in December).  Inching back into a slight buyers’ market.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The January 2012 numbers were: 122 active listings, 66 pending sales and 14 home sales closed.   Stronger activity this year, even with the lower closed sales from last month.  Inventory levels are also above last year.  With more choices of homes, I expect to see strong results this spring in the Jensen Beach single family real estate market.
 
Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code January 2014
 

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Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code January 2014

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014

02.19.14 by

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014

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

 

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



There are currently 58 active condo listings. (Down by 8 condo from December)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014


5 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014

2 Condos Sold in January. (Unchanged from December)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014

Little change from the end of last year for the condo segment of the Palm City FL real estate market.  Inventory was the only change and that was down even further.  This is a very small segment of the Palm City market as this area is primarily single family homes.  Trends are good to watch but a meaningful interpretation from monthly swings in values is difficult to determine.

The current absorption rate for condos in the 34990 zip code area dropped to 29  months with only 2 sales (was 33 months in December).   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 January 2012 numbers were: 69 active listings, 8 pending sales and 3 closed sales.   Better activity last year, but there were also more properties available.

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014

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Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code January 2014

02.18.14 by

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code January 2014

 

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

 

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


There are currently 447 active listings (An increase of 48 homes from December)

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code January 2014

 

 117 Residential sales are pending and awaiting close or lender approval. (Decreased by 23 homes from last month)

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code January 2014

62 Homes Sold in December (Decreased by 11 homes from December)

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code January 2014

 
After a very strong finish for the Palm City home market (zip code 34990) for 2013, 2014 starts out with disappointing numbers.   Both closed and pending sales were down and the inventory took a large jump.   One of the few segments of our market with this type of results.
 
The current absorption rate increased to 7.2  months from 5.5 months in October, putting us back into a slight buyers’ market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The December 2012 numbers were:  411 active listings, 176 pending sales and 39 closed sales.    Inventory has jumped above last years levels and pending sales are down considerably from last year.  This is not a good sign!  Closed sales, however, did much better for this year.

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code January 2014

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Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code January 2014

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code January 2014

02.17.14 by

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code January 2014

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

 

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

There are currently 104 active condo listings (Up by 16 condos form December).

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code January 2014

27 Condo sales are pending and awaiting close or lender approval (Up by 3 condos from December).

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code January 2014

11 Condos Sold in January (Decreased by 2 condos from December).

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code January 2014

A small drop in closed sales for the Stuart FL condo market for zip code 34997 for the month of January.  A small increase in pending sales and a fairly significant jump in inventory,

The one month absorption rate increased to 9.5 months from last months 6.8.  Back into a buyers market again.   A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.  

The January 2012 numbers were: 106 active listings, 22 pending sales and 3 closed sales.   Very similar numbers to the beginning of 2013, just slightly off in pending sales while better closed sales numbers.

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code January 2014
 
 

 

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

 

 

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code January 2014

02.15.14 by

Stuart Florida Homes for Sale and Sold Report 34997 ZIP code January 2014

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

 

There are currently 424 active listings (Increased by 30 homes from December).

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code January 2014

149 Residential sales are pending and awaiting close or lender approval (A increase of 19 homes from December).

 Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code January 2014

51 Homes Sold in January (Down by 34 homes from December)

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code January 2014

The Stuart Florida Market for ZIP Code 34997 started the year with mixed results.  A large rise in inventory as well as a nice jump in pending sales. Unfortunately closed sales took a big drop.  I expect closed sales for January will come up significantly and think this was just a seasonal result.
 
The current one month absorption rate rose to 8.3  months, going back into a buyers market for January (was 4.6 months absorption rate for December).  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.  
 
The 2013 numbers for January, were: 361 active listings, 190 pending listings and 54 closed sales.  Inventory is higher than 2013 and overall activity was not as good as last year.
 
 Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code January 2014
 
 

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Stuart Florida Homes for Sale and Sold Report 34997 zip code January 2014

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code January 2014

02.14.14 by

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code January 2014

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

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

There are currently 171 active condo listings (Down by 2 condos from last month).Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code January 2014

 

49 Condo sales are pending and awaiting close or lender approval (Increased by 20 condos from December).

 Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code January 2014

15 Condos Sold in January (Down by 6 condos from December) 

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code January 2014

For the Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code January 2014, a little bit of mixed results to start the year.  One of our few areas with a continued decrease in inventory, but this could be a result of the big jump in pending sales which took 49 condos off the active rolls.  Closed sales were down by 6 condos which is disappointing.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 11.4  months from December’s 8.2.  Still a buyers market for January 2014.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for January 2012 were: 218 active listings, 54 pending sales and 13 closed sales.  Inventory levels are still below those of 2013, yet the market activity is considerably better.

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code January 2014

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Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code January 2014

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code January 2014

02.13.14 by

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code January 2014

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

 

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

 

There are currently 146 active listings (Increased by 18 homes from December).

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code January 2014

 33 Residential sales are pending and awaiting close or lender approval (Increased by 8 homes from December).
 Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code January 2014

17 Homes Sold in January (Increased by 1 home from December).

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code January 2014

After a strong December for the 34996 zip code area of the Stuart Florida residential real estate market, 2014 started with more good news with continued improving numbers.   All measured criteria moved in a positive direction in January.

The one month absorption rate for the 34996 zip code area of Stuart Florida for January increased slightly to 8.6 months as compared to December’s 8 months (mostly because of a larger increase in inventory).  Still a buyer’s market for the 34996 zip code area of Stuart.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for January of 2012 were: 180 active listings, 23 pending sales and 9 closed sales.   Considerably better activity than last year.  Also, this is one of our few areas with continuing reduced inventory, though it did rise this month.

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code January 2014 

 

 

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Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code January 2014

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code January 2014

02.12.14 by

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code January 2014

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

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

 

There are currently 121 active condo listings (Increased by 2 condos from December).

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code January 2014

46 Condo sales are pending and awaiting close or lender approval. (Up by 7 condos from last month) 

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code January 2014

12 Condos Sold in January (Increased by 3 condos from December).

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code January 2014

An excellent start for 2014 from the Stuart Condo market in zip code 34994.  Improved results as compared to December in all categories tracked here. 

The one month absorption rate dropped to 1o.1  months compared to last month’s 13.2.  (Still not as good as some of the strong months of 2013.  This is still a buyer’s market for the 34994 zip code condo market of Stuart FL.  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 January the numbers were 173 active listings, 68 pending sales, and 9 closed sales.   This is one of the few segments of our market with a noticeably smaller inventory as compared to last year.  Yest comparative activity is quite strong when the reduced inventory is factored in.

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code January 2014

 

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

Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code January 2014

02.11.14 by

Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code January 2014

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

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

 

There are currently 67 active listings (Increased by 11 homes from December)

Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code January 2014

34 Residential sales are pending and awaiting close or lender approval (Up 2 homes from December).
Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code January 2014

10 Homes Sold in December (Decreased by 4 homes from December)
Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code January 2014

The 34994 ZIP code area of the Stuart, Florida had a decrease in closed sales for the start of 2014.  Pending sales were up slightly.  While, the inventory took a nice jump, of over 10%.

The one month absorption rate for the 34994 zip code for January increased to 6.7 months from last months 4 months.  Now, back into a balanced market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage. 

The December 2012 numbers were 64 Active Listings, 31 pending sales and 5 closed sales.   Considerably better activity than at the start of 2013.Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code January 2014

 

 

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Stuart Florida Market Report ZIP Code 34994 Residential January 2014

Sewalls Point Homes for Sale and Sold Report January 2014

02.10.14 by

Sewalls Point Homes for Sale and Sold Report January 2014

Sewalls Point Real Estate Snapshot, Residential Sales for January 2014

 

There are currently 54 active listings (an increase of 11 homes for sale from December)

Sewalls Point Homes for Sale and Sold Report January 2014

4 Residential sales are pending and awaiting close or lender approval (Down by 4 homes from last month)

Sewalls Point Homes for Sale and Sold Report January 2014

12 Homes sold in December (Up by 4 homes from December)

Sewalls Point Homes for Sale and Sold Report January 2014

Mostly a strong start for the Sewalls Point market activity to begin 2014.   Up to 9 closed sales for January, which is a nice increase.   There was also a nice jump in available homes for sale this month.  The only negative was a decrease in pending sales, which will most likely result in a smaller number of closed sales in February.

The absorption rate decreased to 6 months compared to last months 8.6 months.  Now a balanced market in Sewalls Point.  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 January 2013, the inventory was 49 homes on the market, 7 pending sales and there were 2 closed sales.  As in many of our other area, we are beginning to see increased inventory.  Also, better closed sales as there is more homes to choose from.

Sewalls Point Homes for Sale and Sold Report January 2014

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Sewalls Point Homes for Sale and Sold Report January 2014

 

February 2014 Market Update for Fairwinds Cove Condos in Jensen Beach

02.07.14 by

February 2014 Market Update for Fairwinds Cove Condos in Jensen Beach

Fairwinds Cove Condos in Jensen Beach, FL., Market Update for February 2014:


There are currently 5 active listings on the market ranging in price from $155,000 to $198,000 for an average of $156.18 per square ft. of living area.  None of these sales are distressed properties (short sales, foreclosures and/or bank owned).

There are no condos under contract at this time.

In the past 12 months, 11 condos have sold ranging in sales prices from $112,000 to $205,000 with an average price per square foot of $137.17 and a list to sales price ratio of 93%.   There were 3 bank owned foreclosures in these sales.

Fairwinds Cove Condos in Jensen Beach

Aerial View of Fairwinds Cove


Fairwinds Cove Condos in Jensen Beach

Entrance to Fairwinds Cove

 

Located in beautiful Jensen Beach, Florida on the East side of the Jensen Beach Causeway is Fairwinds Cove.  A waterfront condo complex of 10 four story buildings with only 4 suites per floor.  Many of these condos with wonderful sweeping views of the Indian River (the Intracoastal Waterway that runs through Martin County).
 
Fairwinds Cove Condos in Jensen Beach

Pool at Fairwinds Cove

Fairwinds Cove Condos in Jensen Beach

Docks of Fairwinds Cove

This condo complex built in multiple phases from 1974 to 1983 boasts two swimming pools, tennis courts, shuffleboard, waterside walking paths, a recently refurbished clubhouse with full kitchen, meeting room, fitness room, billiards and more.  Fairwinds Cove also has deeded docks with great access to fishing, water sports and only a few minutes to the crystal clear waters of the Atlantic Ocean.

Fairwinds Cove Condos in Jensen Beach

Fairwinds Cove

Fairwinds Cove is a non-age restricted community that allows one small pet.  There is a strong sense of community with many long time seasonal and full time residents.  Located within an easy walk to the beach and just a short drive to charming downtown Jensen Beach  as well as the many amenities offered in Martin County, Florida.

Fairwinds Cove Condos in Jensen Beach

Fitness Room of Fairwinds Cove