Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code December 2013

01.09.14 by

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code December 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2013

 

For December 2013 in the 34997 Zip Code area of Stuart, Florida :

There are currently 88 active condo listings (Down by 3 condos form November).Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code December 2013

24 Condo sales are pending and awaiting close or lender approval (Up by 12 condo from November).Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code December 2013

13 Condos Sold in December (Increased by 7 condos from November).Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code December 2013

A good rebound for the Stuart FL condo market for zip code 34997 for the month of December.  Closed and pending sales increased from November while the inventory decreased slightly. 

The one month absorption rate dropped to 6.8 months from last months 15.2.  Back into a balanced market.   A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.   As I mentioned in November, we’re now back into a slower market in this segment after a strong Spring and Summer.

The December 2012 numbers were: 98 active listings, 12 pending sales and 10 closed sales.   A much better close to 2013 than last year.

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

 

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2013

 

 

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code December 2013

01.08.14 by

Stuart Florida Homes for Sale and Sold Report 34997 ZIP code December 2013

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2013

 

There are currently 394 active listings (Decreased by 2 homes from November). Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code December 2013

130 Residential sales are pending and awaiting close or lender approval (A decrease of 13 homes from November).Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code December 2013

 

85 Homes Sold in December (Up by 14 homes from November)Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code December 2013

The Stuart Florida Market for ZIP Code 34997 residential ended the year with a nice increase in closed sales from last month. Unfortunately both pending sales as well as the inventory of available homes declined. The lower pending activity is cause for some concern as this is the second fairly big decline in a row.
The current one month absorption rate dropped to 4.6 months making this segment of the Stuart residential market a strong seller’s market (down from last months 5.6 month absorption rate). Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
The 2012 numbers were: 336 active listings, 164 pending listings and 62 closed sales. Considerably stronger activity for this month as compared to last year.
Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code December 2013

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Stuart Florida Homes for Sale and Sold Report 34997 zip code December 2013

 

Sewalls Point Homes for Sale and Sold Report December 2013

01.07.14 by

Sewalls Point Homes for Sale and Sold Report December 2013

Sewalls Point Real Estate Snapshot, Residential Sales for December 2013

 

There are currently 43 active listings (a decrease of 3 homes for sale from November)Sewalls Point Homes for Sale and Sold Report December 2013

 

8 Residential sales are pending and awaiting close or lender approval (Up 1 home from last month)Sewalls Point Homes for Sale and Sold Report December 2013

 

5 Homes sold in November (Up by 4 homes from November) Sewalls Point Homes for Sale and Sold Report December 2013

After a disappointing November, the Sewalls Point market activity rebounded a bit for December 2013 to end the year fairly well.   Back to 5 closed sales for December.   The inventory decreased again and pending sales had a slight increase.

The absorption rate decreased to 8.6 to  months compared to last months 46 months.  Still a slight buyers’ market.  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 December of 2012, the inventory was 36 homes on the market, 8 pending sales and there were 6 closed sales.  Interestingly we have a higher inventory this year and 1 less sale.  Still better numbers than last month.

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

 

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Sewalls Point Homes for Sale and Sold Report December 2013

 

 

Hutchinson House Condos for Sale and Sold Report for January 2014

01.05.14 by

Hutchinson House Condos for Sale and Sold Report for January 2014

Hutchinson House Condos for Sale and Sold ReportAs of January 2014, there are 6 condos on the market in Hutchinson House on Hutchinson Island in Stuart FL.  Listing prices range from $205,000 to $399,000 with an average of $212.75 per sq. ft. of living area.

Two condos are pending and awaiting transfer.  List prices were $250,000 and $439,000 for an average of $202.61 per sq. ft. of living area.

There have been 9 condos sold in the past 12 months in Hutchinson House.  Sales prices ranged from $190,000 to $400,000 for an average of $200.05 per sq. ft. of living area.  There were no distressed properties (short sales or bank owned) in any of the above Hutchinson House condo listings or sales. Hutchinson House Condos for Sale and Sold Report Hutchinson House Condos for Sale and Sold ReportLocated on Hutchinson Island in uncrowded and unspoiled Martin County, the Hutchinson House Condo complex is an ocean to Intracoastal complex with a variety of styles and views offering wonderful amenities that include ocean access docks, club house, pools, spa/jacuzzi, tennis and a private beach.

 
Hutchinson House Condos for Sale and Sold ReportHutchinson House consists of 121 Condos, with the Ocean Side being Hutchinson House East and the river side is called Hutchinson House West.  Both sides offer 2 and 3 bedroom condos with 2 or more bathrooms.  Many with spectacular views of the river and the crystal clear blue waters of the Atlantic Ocean.

Hutchinson House Condos for Sale and Sold ReportThe Hutchinson House condos are one of the few condo developments that is pet friendly and allows for up to 2 large pets.  For currently available Hutchinson House condos please call or view the search link below.

Martin County Condo Sales Report for November 2013

01.02.14 by

Martin County Condo Sales Report for November 2013

 Commentary:

The Martin County Florida Condo Sales report for November 2013 showed some weakness, much like the Martin County Homes sales report.  Closed sales for November were unchanged from November of 2012 and were lower than last month.  The median price rose respectably from last month and was unchanged from last year.  Inventory rose for the third month in a row, yet still fewer condos available for sale from last year.

The one month absorption rate increased to 11.91 months from last months 9.93 months, while the three-month average is now at 10.57 months.  The condo market for Martin County continues to be a buyers market.  Generally an absorption rate of 6 or 7 months is considered a balanced market.

Weakness for the condo market is not that unusual for this time of the year.  The coming season should prove interesting as this segment has been fairly flat for the past few years, even though the numbers have risen somewhat.

Click on the charts for a larger view:

Martin County Condo Sales Report for November 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 for November 2013

Martin County Condo Sales Report for November 2013Martin County Condo Sales Report for November 2013

 Data compiled from the Realtor Association of Martin County

Martin County Condo Sales Report for November 2013

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Martin County Home Sales Report for November 2013

12.31.13 by

Martin County Home Sales Report for November 2013

 Commentary:

The Martin County Home Sales Report for November 2013 is showing mixed results.  Closed sales were down from last months 161 homes and also from last years 169 homes to 147 homes sold in November.  The average and median sales prices were up from last year but slightly down from last month.

The one month absorption rate for November 2013 increased to 7.92 months (from 6.86 months in October), and the three-month average is now 6.86 months.  A 6 to 7 month absorption rate is considered to be a balanced market.  Drifting back into a buyers market for the short term at least for residential sales in Martin County.

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 for November 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 for November 2013Martin County Home Sales Report for November 2013 Martin County Home Sales Report for November 2013

Data compiled from the Realtor Association of Martin County

Martin County Home Sales Report for November 2013

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November 2013 Monthly Market Detail St Lucie County Townhouses and Condos

12.30.13 by

November 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The November 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed  the third month in a row of decreases in sales volume from last years numbers.   Year to year closed sales were down by 17.5% (was down by 12.7% in October) while new sales under contract (new pending sales) decreased by 5.4% (was  down by 13.6% in October

Prices continued to rise however, year to year, with the median sales price up by 40% (up 14.3% in October) and the average sales price rose by 31.4% (was up by 26% in October).

November 2013 Saint Lucie County Condo and TownhouseThe inventory of available townhouses and condos increased from last month to 852 units which is a decrease of 7.8% from last November.  Current supply of inventory rose slightly from last month to 8.8 months (still a 7.8% decrease from last year).   This segment of the market continues to be a buyers market and  unless there’s a moderation in the price increases, I see no change in the easing of the volume of closed and pending sales.

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

November 2013 Monthly Market Detail St Lucie County Townhouses and Condos

November 2013 Monthly Market Detail St Lucie County Single Family Homes

12.29.13 by

November 2013 Monthly Market Detail St Lucie County Single Family Homes

The November 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors has moderated in the past couple of months as compared to last years activity.   Closed sales were up 3.3% from last year  (in October they were unchanged)  and new sales under contract (new pending sales) decreased by 23.9% (they were down by 6.9% last month).

Both median and average sales prices were up (year to year) by 13.6% and 18.7% respectively year to year. November 2013 Saint Lucie County Single Family

The inventory of active listings rose in November (from last month) to 2213 homes, still down by 14.1% from last year.  Current supply of inventory is only 5.1 months (a 14.1% decrease from last year).  We’re still in a seller’s market for the St. Lucie County single family market, but some easing appears to be in progress.  With the significant rise in prices as well as increasing mortgage rates, the current trend will continue to level.  I expect to see a balanced market for the near future with slower price increase.

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:
November 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.

November 2013 Monthly Market Detail St Lucie County Single Family Homes

November 2013 Monthly Market Detail Martin County Townhouses and Condos

12.28.13 by

November 2013 Monthly Market Detail Martin County Townhouses and Condos

The November 2013 Monthly Market Detail Martin County Townhouses and Condos continues to showed some weakness of the year to year results.  This is the second month of mixed to poor results and mirrors some of the other counties as well as the state of Florida as a whole.  We are now well into our slower season, however we are comparing to last years results for the same period.   Year to year closed sales were down by 6.4% ( up by 1.1% in October) while new sales under contract (new pending sales) decreased by 1% (was down 36.2% in October).

The median sales price decreased by 0.2% (was up by 1.3% in October) while the average sales price dropped by 26.7% (was up 10.7% in October) as compared to November of 2012.November 2013 Martin County Condo and Townhouse

 The inventory of available townhouses and condos has increased to 624 units from last month, still under November 2012 inventory by 15.8%.  Current supply of inventory is 6.2 months (a 27.5% decrease from last year).  After several months of a seller’s market we are transitioning into a balanced market once again.  A balanced market is a healthy sign if it continues through the year.

 

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

November 2013 Monthly Market Detail Martin County Townhouses and Condos

November 2013 Monthly Market Detail Martin County Single Family Homes

12.27.13 by

November 2013 Monthly Market Detail Martin County Single Family Homes

The November 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors showed strong closed activity and a small weakening of pending activity. When compared to the results from the state of Florida, martin County is doing very well.   Closed sales were up by 33.8% (was 8.5% in October) and new sales under contract (new pending sales) decreased by 4% (Increase of 36.2% in October).

The median sales price was up by 5.2% from last year while unfortunately the average declined by 7.2%.November 2013 Martin County Single Family

The inventory of available single family homes increased this month to 1271 units but this is still down by 4.5% from last November.  Current supply of inventory is only 6.7 months (a 12.4% decrease from last year).  We are now in a balanced market for residential sales in Martin County.  Considering that this is typically the slower season for Martin County, I’m expecting a return to a sellers market once the holiday season is over.

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:
November 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.

November 2013 Monthly Market Detail Martin County Single Family Homes

November 2013 Monthly Market Detail Florida Townhouses and Condos

12.26.13 by

November 2013 Monthly Market Detail Florida Townhouses and Condos

The November 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida showed a weakening of both closed and pending sales as compared to last year.  Year to year closed sales were down by 7.1% as compared to last months increase of 3.1% and new sales under contract (new pending sales) decreased by 10.2% (October’s decrease was 3.6%).

November 2013 Florida Condo and Townhouse

Both median and average sales prices were up (year to year) by 17.2% and 12.3% respectively.

For the first time in a while the inventory crept up slightly by 1.3%.  The reduced inventory is what is making prices rise as well as keeping sales volume down.  I expect both inventory and sales volume to increase in the coming year if the economic news continues to be positive.

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:
November 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.

November 2013 Monthly Market Detail Florida Townhouses and Condos

November 2013 Monthly Market Detail Florida Single Family Homes

12.24.13 by

November 2013 Monthly Market Detail Florida Single Family Homes

The Florida real estate market showed some weakness for the November 2013 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors.  Both closed and pending sales were off.   Year to year closed sales were down by 1.2% (were up by 6.5 % in October) and new sales under contract (new pending sales) decreased by 5.9% (was up by 3.4% in October).

Florida Single Family

Both median and average sales prices were up (November 2012 to November 2013) by 13.3% and 7.1% 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 10% from last year.  This is now the second 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. I would like to see the volume of closed sales be higher and with the current excellent economic news, I expect these numbers to go up soon.

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

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

November 2013 Monthly Market Detail Florida Single Family Homes

December 2013 market Update for Sugar Hill Jensen Beach

12.23.13 by

December 2013 market Update for Sugar Hill Jensen Beach

As of December 2013, there are 4 homes on the market in Sugar Hill in Jensen Beach, FL.  Listing prices range from $450,000 to $669,000 with an average of $184.62 per sq. ft. of living area. None of these listings are distressed properties.

Currently, no homes are under contract.

There have been 6 homes sold in the past 12 months in Sugar Hill.  Sales prices ranged from $290,000 to $455,000 for an average of $138.15 per sq. ft. of living area. There were no foreclosures or short sales in these sales.

Sugar Hill in Jensen Beach Florida

December 2013 market Update for Sugar Hill in Jensen Beach is an eye pleasing high elevation neighborhood filled with upscale homes in Jensen Beach. All homes have very spacious yards that are surrounded with gorgeous Florida foliage. Most homes are timeless architectural works of beauty! Houses range from 2 to 5 bedrooms and 2 to 5 bathrooms, so whatever size you are looking for, Sugarhill is sure to have it. The neighborhood is located just minutes from all that Jensen Beach has to offer, like the beautiful stretches of beach on Hutchinson Island, the fantastic shopping at the Treasure Coast Square Mall, many restaurants you are sure to love, and our ‘A’ rated schools for all grade levels!

Sugar Hill in Jensen Beach FloridaSugarhill has very reasonable HOA fees of only $500.00 per year.

Sugar Hill in Jensen Beach Florida

The current Martin County Schools for Sugar Hill are Jensen Beach Elementary School, Stuart Middle School and Jensen Beach High School

Sugar Hill in Jensen Beach Florida

 

Here are the currently available homes in December 2013 market Update for Sugar Hill in Jensen Beach

 

For any questions you may have about December 2013 market Update for Sugar Hill in Jensen Beach, please call the Gabe Sanders BlueWater Realty team at 772-323-6996 or Contact Us Here

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December 2013 market Update for Sugar Hill Jensen Beach

Hobe Sound Florida Market Report ZIP Code 33455 Condo November 2013

12.23.13 by

Hobe Sound Florida Market Report ZIP Code 33455 Condo November 2013

 

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

 

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

 

There are currently 21 active condo listings. (Up by 6 condos from October)

Hobe Sound Florida Market Report ZIP Code 33455 Condo November 2013

3 Condo sales are pending and awaiting close or lender approval. (Down by 1 condo from October)
Hobe Sound Florida Market Report ZIP Code 33455 Condo November 2013

 

2 Condos sold in October (Increased by 2 condos from October)Hobe Sound Florida Market Report ZIP Code 33455 Condo November 2013

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  For November, there was a nice increase in active listings.  Unfortunately pending sales decreased by 1 condo.  Sales were only 2 units.

The absorption rate for November decreased to 10.5 moths from last months 15 months.  Still a buyers advantage for those in the Hobe Sound condo market..  Generally, a 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.  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 November 2012 numbers were:  26 active listings, 10 pending sales and 1 closed sales.   Much stronger pending activity last year.  With the increasing inventory, I’m hoping for better numbers in the coming season.

 

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 Market Report ZIP Code 33455 Condo November 2013

 

Search here for Hobe Sound Florida Real Estate for Sale ( Condos)
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Hobe Sound Florida Market Report ZIP Code 33455 Condo November 2013

 

Hobe Sound FL Market Report ZIP Code 33455 Residential November 2013

12.22.13 by

Hobe Sound FL Market Report ZIP Code 33455  Residential November 2013

 

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

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

 

There are currently 277 active listings. (Up by 28 homes from October)

Hobe Sound Florida Market Report ZIP Code 33455 Residential November 2013

75 Residential sales are pending and awaiting close  (Decreased by 9 homes from October)
Hobe Sound Florida Market Report ZIP Code 33455 Residential November 2013

 

37 Homes Sold in November (Up by 11 homes from last month)
Hobe Sound Florida Market Report ZIP Code 33455 Residential November 2013

Continued strong results from the Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County.  Pending sales were off for November, though this is more than likely a seasonal issue.  Interestingly there was a sizable increase in the active inventory which could be an indication of some pent up seller demand from the slow markets of the past years.  Closed sales were up for November.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 is at 7.5  months (9.6 months in October).  Currently a very slight buyers 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 November 2012 were:  301 active listings, 96 pending sales and 29 closed sales.  Better activity for 2013 than last 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 Market Report ZIP Code 33455 Residential November 2013

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Hobe Sound Florida Market Report ZIP Code 33455 Residential, November 2013

Jensen Beach Florida Market Report ZIP Code 34957 Condo November 2013

12.21.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Condo November 2013

 

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

 

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



There are currently 38 active listings. ( Increased by 2 condos from October)
Market Report ZIP Code 34957 Condo November 2013

16 Condo sales are pending and awaiting close or lender approval. (Up by 3 condos from October)
Market Report ZIP Code 34957 Condo November 2013

2 Condos Sold (Decreased by 5 condos from October)
Market Report ZIP Code 34957 Condo November 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 small increases in the past three months.   Closed sales for November were only 2 condos while pending sales rose slightly.

The one month absorption rate for the November 2013, Jensen Beach Florida Market Report ZIP Code 34957 rose again to 19 months (5.1 months in October), signifying a step into a slight sellers market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The November 2012 numbers were: 29 active listings, 22 pending sales and 8 condos closed.   Not as good a market this year as compared to last for the Jensen beach Condo segment of the Martin County real estate market.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:

Market Report ZIP Code 34957 Condo November 2013

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Jensen Beach Florida Market Report ZIP Code 34957 Condo November 2013

Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013

12.20.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013

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

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

 

 There are currently 135 active listings. (An increase of 8 homes from last month)
Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013

60 Residential sales are pending and awaiting close or lender approval. (Down by 15 homes from October)
Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013

32 Homes Sold (Increased by 15 homes from October)

Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013

The November 2013 Jensen Beach residential real estate market, zip code 34957 showed a welcome increase in closed sales as well as a needed increase in inventory.  Unfortunately, pending sales were off for the month.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 4.4  months (7.5 months in October).  Now 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 November 2012 numbers were: 111 active listings, 73 pending sales and 23 home sales closed.   Interestingly the inventory for the Jensen Beach residential real estate market is higher this year than last, unlike most other parts of Martin County.  Pending sales this year are down compared to last, while closed sales are better.
 
 
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 Market Report ZIP Code 34957 Residential November 2013
 

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Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013

Palm City Florida Market Report ZIP Code 34990 Condo November 2013

12.19.13 by

Palm City Florida Market Report ZIP Code 34990 Condo November 2013

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

 

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



There are currently 67 active condo listings. (Up by 8 condos from October)
Palm City Florida Market Report ZIP Code 34990 Condo November 2013

6 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)
Palm City Florida Market Report ZIP Code 34990 Condo November 2013

 

1 Condos Sold in November. (Down by 3 condo from October)

Palm City Florida Market Report ZIP Code 34990 Condo November 2013

 

Very disappointing activity for the 34990 zip code area of Palm City condo market for November 2013.  Inventory increased, pending sales remained unchanged and only 1 condo sold in November.

The current absorption rate for condos in the 34990 zip code area is an atrocious 67  months with only 1 sale (was 14.8 months in October).   A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market is currently a strong buyers market.
 
The November 2012 numbers were: 61 active listings, 10 pending sales and 5 closed sales.   Unfortunately, this year’s activity is not nearly as active as it was in November 2012.

 

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 Market Report ZIP Code 34990 Condo November 2013

 

Search here for Palm City Florida Real Estate for Sale ( Condos)
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Palm City Florida Market Report ZIP Code 34990 Condo November 2013

Palm City Florida Market Report ZIP Code 34990 Residential November 2013

12.18.13 by

Palm City Florida Market Report ZIP Code 34990 Residential November 2013

 

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

 

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


There are currently 415 active listings (A decrease of 1 home from October)Palm City Florida Market Report ZIP Code 34990 Residential November 2013

 

149 Residential sales are pending and awaiting close or lender approval. (Increased by 5 homes from last month) Palm City Florida Market Report ZIP Code 34990 Residential November 2013

52 Homes Sold in November (Decreased by 2 homes from October)

Palm City Florida Market Report ZIP Code 34990 Residential November 2013

 
A second month of strong results (in the off season) for the Palm City, zip code 34990, area of Martin County Florida   Continues strong pending and sales activity.  The inventory remained stable after two months of increases.
 
The current absorption rate rose slightly to to 8 months from 7.7 months in October, a slight buyer’s market.  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.  I don’t expect a buyers market to last, as I think sales will be picking up soon in Palm City once again.

The November 2012 numbers were:  404 active listings, 134 pending sales and 56 closed sales.   Similar activity to last year, though it’s interesting to note that the inventory is now higher.  Reversing a trend from the past year or two.

 

 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 Market Report ZIP Code 34990 Residential November 2013
 

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Palm City Florida Market Report ZIP Code 34990 Residential November 2013

 

Stuart Florida Market Report ZIP Code 34997 Condo November 2013

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Stuart Florida Market Report ZIP Code 34997 Condo November 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2013

 

For November 2013 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 91 active condo listings (Unchanged form October).

Stuart Florida Market Report ZIP Code 34997 Condo November 2013

 

12 Condo sales are pending and awaiting close or lender approval (Down by 5 condos from October).Stuart Florida Market Report ZIP Code 34997 Condo November 2013

 

6 Condos Sold in November (Decreased by 13  condos from October).

Stuart Florida Market Report ZIP Code 34997 Condo November 2013

Very poor activity for the Stuart condo market for the area in ZIP code 34997 for the month of November.  Both pending and closed sales were off significantly for the month as compared to last month.  The inventory remained unchanged.  Very unusual results as the 34997 residential market is one of the bright spots for November 2013.

The one month absorption rate jumped to 15.2 months from last months 4.8.  Back into a strong buyers’ market.   A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.   As I mentioned in October, we’re now back into a slower market in this segment after a fairly strong October.

The November 2012 numbers were: 97 active listings, 21 pending sales and 7 closed sales.   Fairly close activity compared to last year, though last year’s pendings were much better.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
Stuart Florida Market Report ZIP Code 34997 Condo November 2013 
 

 

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2013