February 2014 Market Report for the Maritimes Condos and Townhomes Condos on Hutchinson Island

February 2014 Market Report for the Maritimes Condos and Townhomes Condos on Hutchinson Island

As of February 2014, there are 4 condos on the market in the Maritimes Condos and Townhomes on Hutchinson Island in Stuart FL.  Listing prices range from $210,000 to $499,000 with an average list price of $199.68 per sq. ft. of living area.  None of these condos are distressed sales.  (No foreclosure, bank owned or short sales.)

No current the Maritimes Condos and Townhomes listings are pending (under contract” at this time).

There have been 3 condos sold in the past 12 months in the Maritimes Condos and Townhomes.  The sales prices ranged from $295,000 to $525,000 for an average of $271.52 per sq. ft. of living area and these sales were at 95% of the listing prices.

Maritime Condos and Townhomes on Hutchinson Island

Entrance to the Maritimes

 

Maritime Condos and Townhomes on Hutchinson Island

Beach Access at the Maritimes

The Maritimes is one of the prime ocean to river communities on South Hutchinson Island in Stuart, FL.  Offering larger than normal homes on both the river and Oceanside settings.  The riverside (or Maritimes West has a lovely private sand beach with kayak storage for those not wishing to play in the surf or for those days when the it’s a bit windy on the beach side.  The Oceanside (Maritimes East) has private beach access as well as a heated pool when you’re finished frolicking in the crystal clear waters of the Atlantic Ocean. 

 

Maritime Condos and Townhomes on Hutchinson Island

Docks of the Maritimes

Maritime Condos and Townhomes on Hutchinson Island

Views from the Maritimes

The Maritimes condos were constructed between 1975 and 1988.  With the oceanfront units being built first.  Living square footage range from just under 1300 sq. ft. 2 Bedroom condos to over 2100 sq. ft .condos and townhouses with 3 Bedrooms plus dens and a garage.

Maritime Condos and Townhomes on Hutchinson Island

Kayak Storage at the Maritimes



Maritime Condos and Townhomes on Hutchinson Island

River views from the Maritimes



Maritime Condos and Townhomes on Hutchinson Island

Tennis Court of the Maritimes


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February 2014 Market report for the Maritimes Condos and Townhomes Condos on Hutchinson Island

Martin County Condo Sales Report December 2013

Martin County Condo Sales Report December 2013

 Commentary:

The Martin County Florida Condo Sales report for December 2013 ended the year with some modestly positive gains.  Closed sales for December were up to 69 units as compared to 54 for December of 2012 and 47 for last month.  The median price made a big jump to $165,000 as compared to last year’s $100,950 and last month’s $125,000.  Inventory decreased for the first time in three months, and we continue to have fewer condos available for sale as compared to 2012.

The one month absorption rate dropped to 8.07 months from last months 11.91 months, while the three-month average is now at 9.73 months (compared to last year’s 12.06).  The condo market for Martin County continues to be a buyers market though the numbers continue to improve.  Generally an absorption rate of 6 or 7 months is considered a balanced market.

Considering that December is typically a weak month for the condo market, we did very well for the close of 2013.

Click on the charts for a larger view:

Martin County Condo Sales Report December 2013

Absorption rate for Martin County Condo Sales Report December 2013

 The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

Martin County Condo Sales Report December 2013

Volume graph for Martin County Condo Sales Report December 2013

 

Martin County Condo Sales Report December 2013

Price graph for Martin County Condo Sales Report December 2013

 

Martin County Condo Sales Report December 2013

Trend for Martin County Condo Sales Report December 2013



 Data compiled from the Realtor Association of Martin County

Martin County Condo Sales Report December 2013

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

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February 2014 Market report for Suntide Condos on Hutchinson Island

February 2014 Market report for Suntide Condos on Hutchinson Island

As of February 2014, there are 4 condos on the market in Suntide on Hutchinson Island in Stuart FL.  Listing prices range from $195,000 to $289,000 with an average list price of $167.04 per sq. ft. of living area.  None of these condos are distressed sales.  (No foreclosure, bank owned or short sales.)

No current Suntide listings are pending (under contract” at this time.

There have been 3 condos sold in the past 12 months in Suntide.  The sales prices ranged from $170,000 to $275,000 for an average of $147.46 per sq. ft. of living area.

Suntide Condos on Hutchinson Island

Pool for Suntide Condos

Suntide Condos on Hutchinson Island

Sun Deck of Suntide Condos

Located on Hutchinson Island in uncrowded and unspoiled Martin County, the  Suntide Building  is one of the premier ocean front condos in Stuart, Florida.  Boasting truly fine amenities with a protected pool, private beach access and hard to find under building protected parking.  There’s a full clubhouse with a fitness center, pool table, card room, library, full kitchen and reading room.
Suntide Condos on Hutchinson Island

Beach access for Suntide Condos

Suntide Condos on Hutchinson Island

Suntide has all two bedroom, two bath condos that come in four different configurations and sizes.  The largest of these feature an office, sitting room than can possibly double as an extra bedroom.  Many units have direct and unspoiled ocean views.  One of the best run associations in Stuart, this fine complex is always a desirable destination for those who have made it their permanent residence as well as those who enjoy it as a vacation get away.

Suntide Condos on Hutchinson Island

Entrance to Suntide Condos

Suntide Condos on Hutchinson Island

Fitness Room in Suntide Condos

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February 2014 Market report for Suntide Condos on Hutchinson Island

Martin County Home Sales Report December 2013

Martin County Home Sales Report December 2013

 Commentary:

The Martin County Home Sales Report for December 2013 showed quite impressive results to end of a very good year for local residential home sales.  Closed sales were up to 192 homes as compared to last month’s 147 homes and also from last years 166 homes.  The average and median sales prices were down from last month, though significantly higher than last December.

The one month absorption rate for December 2013 decreased significantly to 6.31 months (from 7.92 months in November and 6.93 months for December 2012), and the three-month average is now 6.96 months.  A 6 to 7 month absorption rate is considered to be a balanced market.  Currently a balanced market, which is a healthy market!

Please contact us if you have any difficulty interpreting these charts.
  Clicking on the chart will produce a larger view.

Martin County Home Sales Report December 2013

Absorption Rate for Martin County Home Sales Report December 2013

 The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

Martin County Home Sales Report December 2013

Volume Graph for Martin County Home Sales Report December 2013

 

Martin County Home Sales Report December 2013

Price chart for Martin County Home Sales Report December 2013

 

Martin County Home Sales Report December 2013

Trend for Martin County Home Sales Report December 2013

Data compiled from the Realtor Association of Martin County

Martin County Home Sales Report December 2013

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

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3210 NE Holly Creek Drive is Pending

3210 NE Holly Creek Drive is Pending

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

 

3210 NE Holly Creek Drive is Pending

 

December 2013 Monthly Market Detail St Lucie County Townhouses and Condos

December 2013 Monthly Market Detail St Lucie County Townhouses and Condos

Unfortunately the December 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed another month of decreasing sales volume as compared to last year.  This is now four months in a row.  This is one of the most under performing sectors in the Treasure Coast and Florida in general for volume.   Year to year closed sales were down by 19.4% (was down by 17.5% in November) while new sales under contract (new pending sales) decreased by 29.1% (was  down by 5.4% in November

Though values were considerably higher this year with the median sales price up by 37.1% (up 40% in November) and the average sales price rose by 38.8% (was up by 31.4% in November).

December 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The inventory of available townhouses and condos decreased from last month to 841 units which is a decrease of 11.1% from last December.  Current supply of inventory remained unchanged from last month to 8.8 months (still an 8.3% decrease from last year).   Unfortunately the low inventory along with the rapid increase in values is hurting the volume of condo and townhouse sales in St. Lucie County.  Once inventory starts to rise, I expect the volume to pick up as well.

 Click here to view or download the full report:
December 2013 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.

December 2013 Monthly Market Detail St Lucie County Townhouses and Condos

December 2013 Monthly Market Detail St Lucie County Single Family Homes

December 2013 Monthly Market Detail St Lucie County Single Family Homes

December 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors closed out 2013 with some weaker than expected activity in terms on volume, though most other statistics are quite positive year to year.  Closed sales were  from last year were down by 6.9% (in November they were up by 3.3%) and new sales under contract (new pending sales) decreased by 30% (they were down by 23.9% last month).

Both median and average sales prices were up (year to year) by 19.2% and 12% respectively year to year. 

December 2013 Monthly Market Detail St Lucie County Single Family Homes

 

The inventory of active listings rose in December (from last month) to 2224 homes, also an increase of 11.9% from last year.  Current supply of inventory is only 5.2 months (a 4.1% increase from last year).   Still a strong sellers market for Saint Lucie County single family homes for sale.  Though the pace seems to be slacking a bit.

Please click on the links below to read the full Saint Lucie County single family market detail:

 

Click here to view or download the full report:
December 2013 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.

December 2013 Monthly Market Detail St Lucie County Single Family Homes

December 2013 Monthly Market Detail Martin County Townhouses and Condos

December 2013 Monthly Market Detail Martin County Townhouses and Condos

December 2013 Monthly Market Detail Martin County Townhouses and Condos report ended the year with some signs of a slowing momentum, but still very good overall results from previous years.   I’m seeing some quite impressive price gains for the year along with a continued shrinking inventory making sustained activity difficult for this segment of the market.  Year to year closed sales were down by 9% (down by 6.4% in November) while new sales under contract (new pending sales) increased by 8.1% (was down 1% in November).

The median sales price increased by an impressive 45% (was down by 0.2% in November) while the average sales price increased by 10.4% (was down 26.7% in November) as compared to December of 2012.December 2013 Monthly Market Detail Martin County Townhouses and Condos

 

 The inventory of available townhouses and condos has decreased by 1 unit to 623 units from last month, down from December 2012 inventory by 17.5%.  Current supply of inventory is 6.3 months (a 27.9% decrease from last year).  Finishing 2013 in a balanced market.

 

 Click here to view or download the full report:
December 2013 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.

December 2013 Monthly Market Detail Martin County Townhouses and Condos

December 2013 Monthly Market Detail Martin County Single Family Homes

December 2013 Monthly Market Detail Martin County Single Family Homes

The December 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors showed a strong finish to the end of 2013. In fact, Martin County residential sales of single family homes has outperformed the state average for the second month in a row in volume.   Closed sales were up by 17.8% (was 33.8% in November) and new sales under contract (new pending sales) increased by 9.5% (decreased by 4% in November).

The median sales price was up by 7.2% from last year while unfortunately the average price took a steep hit at a decline of 24.1%.

December 2013 Monthly Market Detail Martin County Single Family Homes

The inventory of available single family homes decreased from November to 1253 units, but this is a 2.7% increase from last December.  Current supply of inventory is only 6.5 months (a 14% decrease from last year).  We continue to be in a balanced market for residential sales in Martin County.  Very positive results for our market.

Please look at the full Martin County single family market detail by clicking on the links below:

 

Click here to view or download the full report:
December 2013 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.

December 2013 Monthly Market Detail Martin County Single Family Homes

December 2013 Monthly Market Detail Florida Townhouses and Condos

December 2013 Monthly Market Detail Florida Townhouses and Condos

For the December 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida a second relatively weak month as compared to the end of 2012.  Though a bit improved from last month’s numbers.  Year to year closed sales were down by 2.5% as compared to last months decrease of 7.1% and new sales under contract (new pending sales) decreased by 8.7% (November’s decrease was 10.2%).December 2013 Monthly Market Detail Florida Townhouses and Condos

 

Both median and average sales prices were up (year to year) by 17% and 4.1% respectively.

Inventory rose for the second month in a row, though only marginally by 1.6%.  If the inventory keeps rising, I expect to see some increases in the sales volume and a leveling off or a moderation to the price increases we’ve experienced this past 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:
December 2013 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.

December 2013 Monthly Market Detail Florida Townhouses and Condos

December 2013 Monthly Market Detail Florida Single Family Homes

December 2013 Monthly Market Detail Florida Single Family Homes

The December 2013 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors ended the year with mostly positive results as compared to 2012.  Both closed and pending sales were off.   Year to year closed sales were up by 8.6% (was down by 1.2 % in November) and new sales under contract (new pending sales) decreased by 4.2% (was down by 5.9% in October).

December 2013 Monthly Market Detail Florida Single Family Homes

Both median and average sales prices were up (December 2012 to December 2013) by 11.4% and 3% respectively.   Not quite as much of an increase as in previous months this year, but those kinds of increases were unsustainable.

The inventory of available homes for sale increased by 11.9% from last year.  This is now the third month of increased inventory.  I’ve written in the past that I was expecting this increase which is a direct cause of the easing of the price increases as the supply expands.  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.

Please look at the full detail report for the rest of the story:

Click here to view or download the full report:
December 2013 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.

December 2013 Monthly Market Detail Florida Single Family Homes

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code December 2013

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code December 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2013

 

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

 

There are currently 23 active condo listings. (Up by 2 condos from November)Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code December 2013

 

3 Condo sales are pending and awaiting close or lender approval. (Unchanged from November)
Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code December 2013

No Condos sold in November (Decreased by 2 condos from November)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  For December, there was a another small increase in active listings.  Pending sales remained unchanged and there were no sales in December.

With no sales, there is no absorption rate numbers for this month.  These 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 December 2012 numbers were:  26 active listings, 10 pending sales and 2 closed sales.   Unfortunately, better activity to close out 2012 than this year.

 

Please use the charts below as reference only as they rely on all residential types of property in the 33455 real estate market:Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code December 2013

 

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Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code December 2013

 

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code December 2013

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code December 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for December 2013

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

 

There are currently 266 active listings. (Down by 11 homes from November)Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code December 2013

 

75 Residential sales are pending and awaiting close  (Unchanged from November)
Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code December 2013

 

43 Homes Sold in December (Up by 6 homes from last month)Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code December 2013

A strong finish for 2013 from the Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County.  Pending sales were unchanged for December while sales increased.  Inventory decreased after a fairly sizable increase from last month.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 is at 6.2 months (7.5 months in November).  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 December 2012 were:  293 active listings, 84 pending sales and 45 closed sales.  Very similar numbers to the end of last year when the reduced inventory s taken into account.

 Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code December 2013

 

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Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code December 2013

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code December 2013

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code December 2013

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for December 2013

 

For December 2013 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 41 active listings. ( Increased by 3 condos from November)
Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code December 2013

15 Condo sales are pending and awaiting close or lender approval. (Down by 1 condo from November)
Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code December 2013

10 Condos Sold (Increased by 8 condos from November)Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code December 2013


The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  Inventory remains very low even though we’ve had increases in the past four months in a row.   We ended 2013 with a nice jump in closed sales from adissapointing November.  Pending sales, dropped by only 1 unit.

The one month absorption rate for the December 2013, Jensen Beach Florida Market Report ZIP Code 34957 dipped to 4.1 months (19months in November), signifying a strong seller’s market.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The December 2012 numbers were: 65 active listings, 17 pending sales and 5 condos closed.   Considerably better activity to close out a very positive 2013 as compared to last year.

 Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code December 2013

 

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Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code December 2013

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code December 2013

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code December 2013

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for December 2013

 For December 2013in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 135 active listings. (Unchanged from last month)Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code December 2013

51 Residential sales are pending and awaiting close or lender approval. (Down by 9 homes from November)
Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code December 2013

27 Homes Sold (Decreased by 5 homes from November)Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code December 2013

 

The December 2013 Jensen Beach residential real estate market, zip code 34957 showed a slower end of year results.  After a rise in closed sales for November, results were off for December.  A bit more troubling was the second month of decreasing pending sales, which is an indicator of future closed sales.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 5  months (4.4 months in November).  Still in a strong seller’s market.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The December 2012 numbers were: 113 active listings, 52 pending sales and 26 home sales closed.   One of the few areas of Martin County with higher inventory levels than last year.  Market activity is very similar, but with the lower inventory factored in, our activity was slightly better at the end of 2012.
 
Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code December 2013
 

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Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code December 2013

 

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2013

 

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



There are currently 66 active condo listings. (Down by 1 condo from November)
Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

5 Condo sales are pending and awaiting close or lender approval. (Decreased by 1 condo from last month)Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

2 Condos Sold in December. (Up by 1 condo from November)Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

Slow activity for the end of the year for the condo segment of the Palm City FL real estate market.  However, 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 33  months with only 2 sales (was 67 months in November).   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 December 2012 numbers were: 63 active listings, 8 pending sales and 3 closed sales.   One of the few areas in Martin County where the 2012 market activity surpassed this year’s numbers.

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

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Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code December 2013

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code December 2013

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2013

 

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


There are currently 399 active listings (A decrease of 16 homes from November)Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code December 2013

 140 Residential sales are pending and awaiting close or lender approval. (Decreased by 9 homes from last month) Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code December 2013

73 Homes Sold in November (Increased by 21 homes from November)Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code December 2013

 
A very strong finish for the Palm City home market (zip code 34990) for 2013.  Closed sales were up considerably from last month.  Pending sales were off slightly and after two months of rising inventories, the available Palm City homes for sale once again decreased.
 
The current absorption rate dropped to 5.5  months from 8 months in October, putting us back into a seller’s market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The November 2012 numbers were:  398 active listings, 129 pending sales and 45 closed sales.    Our inventory is almost unchanged from last year now and the sales activity is considerably improved.

 

 Please use the charts below as reference only as they rely on all residential types of property in the 34990 real estate market:Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code December 2013

 Search here for Palm City Florida Real Estate for Sale

Palm City, FL Real Estate

 

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Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code December 2013

 

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code December 2013

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code December 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2013

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

 

There are currently 119 active condo listings (Increased by 1 condo from November).Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code December 2013

39 Condo sales are pending and awaiting close or lender approval. (Down by 3 condo from last month) 

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code December 2013

9 Condos Sold in December (Decreased by 11 condos from November).Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code December 2013

After a good November market for the 34994 condo market, December turned out quite disappointing.  Sales were off by over 50% from November and pending sales also declined slightly.  Inventory was up marginally.

The one month absorption rate jumped up to 13.2 months compared to last month’s 5.9.  Back into a strong 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 December the numbers were 153 active listings, 35 pending sales, and 14 closed sales.   With the lower inventory factored into the numbers, very similar to last year’s activity.

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code December 2013

 

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Stuart Florida Market Report ZIP Code 34994 – Condo, December 2013

Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code December 2013

Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code December 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for December 2013

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

 

There are currently 56 active listings (No changes from November)Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code December 2013

 

32 Residential sales are pending and awaiting close or lender approval (Down 3 homes from November).
Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code December 2013

14 Homes Sold in November (Increased by 1 home from November)
Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code December 2013

The 34994 ZIP code area of the Stuart, Florida had a small increase in closed sales (a good thing) and a second month in a row with a drop in pending sales (not such a good thing).  The inventory of available homes remained unchanged at 56 homes, which is a very low number for this zip code area of Stuart FL. 

The one month absorption rate for the 34994 zip code for December decreased to 4 months from last months 4.3 months.  Continuing as a strong seller’s 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 75 Active Listings, 27 pending sales and 14 closed sales.   Better market activity for the end of 2013 when compared to December 2012.

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:
Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code December 2013

 

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Stuart, FL Real Estate

Rental Properties

Condominium Properties

Vacant Land Properties

Commercial Properties

Residential Properties

Stuart Florida Market Report ZIP Code 34994 Residential December 2013

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code December 2013

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code December 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2013

For December 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 173 active condo listings (Down by 5 condos from last month).Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code December 2013

29 Condo sales are pending and awaiting close or lender approval (Decreased by 6 condos from November).Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code December 2013

 

21 Condos Sold in December (Up by 4 condos from November)  Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code December 2013

Like many of the other areas in Martin County, closed sales rose, inventory decreased and pending sales were off, in the real estate market in the Stuart Florida Market Report ZIP Code 34996 for Condos for December 2013. 

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 8.2 months from November’s 10.5.  Still a buyers market for December of 2013, but approaching a balanced one.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for December 2012 were: 216 active listings, 29 pending sales and 14 closed sales.  Considerably improved numbers from year to year.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market: Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code December 2013

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

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Gabe Sanders

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code December 2013