Palm Cove Golf and Yacht Club December 2012 Market Update

12.12.12 by

Palm Cove Golf and Yacht Club December 2012 Market Update

There are currently 23 homes actively listed in Palm Cove Yacht and Golf Cub for December, 2012 in Palm City, Florida.  The average list price is $561,430 at $173.10 per square foot of living area.

There are 4 homes under contract awaiting closing.  One is a short sale.  The average list price is $669,000 at $183.14 per square foot of living area.

In the past 12 months, 16 homes have sold in Palm Cove Yacht and Golf Cub with an average sales price of $493,106 at $152.17 per square foot of living area.  Two of these homes were short sales, and one bank owned sale.

Palm Cove Golf and Yacht Club in palm City Florida

The Palm Cove Golf and Yacht Club in Palm City Florida includes 206 residences, ranging from spacious condos with garages to townhomes, fairway homes to multimillion dollar waterfront homes on the shores of the north fork of the wide Saint Lucie River.

Palm Cove Golf and Yacht Club in palm City Florida

This magnificent community boasts a championship Chi Chi Rodrigues designed golf course. Memberships are available to both residents and non-residents and membership is not mandatory.  In addition to golf, boaters enjoy a 93 slip deep water marina with docks available for over 50’ vessels.

Palm Cove Golf and Yacht Club in palm City Florida

There’s a magnificent club house located riverside by the marina.  Residents enjoy 24 hour security from the manned gated entrance.  The Palm Cove Golf and yacht Club is separated into two main sections.  Fairway homes are on the south side of Mapp Road with the entrance across the main entrance to palm Cove and is controlled by remote from the main security gate.

Palm Cove Golf and Yacht Club in palm City Florida

In the main section, are the estate homes, town-homes at Island creek as well as the condos at ‘the Links’.   Homes range from 1500 sq. ft. town-homes with 2 bedrooms, 2 bathrooms and 2 car garages all the way up to 6,000 sq. ft. plus waterfront residences with 5 bedrooms, office, 6 and ½ bathrooms and 3 car garages.  Home owner (HOA) fees vary from section to section.  The estate homes run approximately $450 per month, while in the fairways section they are around $550 per month, but include landscaping.  For a complete list of fees, please give us a call.

Palm Cove Golf and Yacht Club in palm City Florida

Palm Cove families enjoy a quiet secluded lifestyle yet are close to shopping, restaurants and the beaches of Martin County.  Children attend an ‘A’ rated Martin County school system to the following schools:  Bessey Creek elementary, Hidden Oaks middle and Martin County High.

Currently, these homes are available for sale in the Palm Cove Golf and Yacht Club

 

For any questions you may have about the palm Cove Yacht and Golf Club in Palm City Florida, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Palm Cove Golf and Yacht Club December 2012 Market Update

Stuart Florida Market Report ZIP Code 34994 – Residential, November 2012

12.11.12 by

Stuart Florida Market Report ZIP Code 34994 – Residential, November 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for November 2012

For November, 2012 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 71 active listings (Up 4 from October).

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35 Residential sales are pending and awaiting close or lender approval (Up 3 from October).

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4 Homes Sold in November (Down 5 homes from October)

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The 34994 ZIP code area of the Stuart, Florida real estate market activity has cooled slightly after a very strong spring.   Inventory has crept up again for the second month in a row which makes more homes available for buyers.  Pending sales rose slightly while closed sales were off to only 4 homes sold.

The one month absorption rate for this zip code plunged to almost 18 months, which signifies a shift to a strong buyers market, after many months of under 6 month rates (sellers market).  I think this is more an indication of the holiday slow down as opposed to any major shift in the market.

The November 2011 numbers were 79 Active Listings, 32 pending sales and 11 closed sales.

 

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Stuart Florida Market Report ZIP Code 34994 – Residential, November 2012

Hammock Creek December 2012 Market Update

12.11.12 by

Hammock Creek December 2012 Market Update

There are currently 23 homes actively listed in Hammock Creek for December, 2012 in Palm City, Florida.  The average list price is $417,447 at $144.40 per square foot of living area.

There are 5 homes under contract awaiting closing.  One is a short sale.  The average list price is $391,780 at $138.45 per square foot of living area.

In the past 12 months, 39 homes have sold in Hammock Creek with an average sales price of $378,907 at $124.00 per square foot of living area.  Five of these sales were short sales and four were bank owned homes.

Hammock Creek is a lovely gated upscale neighborhood consisting of three separate sections, The Sanctuary, The Preserve, and The Estates. The community is centered around the Hammock Creek Golf Course, a Jack Nicklaus designed course. Homes in Hammock Creek consist of one and two stories with square footage ranging from 2000 to over 5000 square feet and prices starting in the low 300’s.Most of the homes sit on generous lots with a view of either the lake, preserve, or golf course.

There are wide paver sidewalks ideal for families who enjoy biking, walking, and jogging. Close to fine shopping, nice restaurants, immediate access to I-95 and the turnpike, and A Rated Palm City schools makes Hammock Creek one of Martin County’s premier neighborhoods.

Low HOA fees ranging from approximately $260 to $390 per month depending on which section one resides .

Here are the currently available homes in Hammock Creek December 2012 Market Update

For any questions you may have about Hammock Creek December 2012 Market Update, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Hammock Creek December 2012 Market Update

Sewalls Point Residential Market Report November 2012

12.10.12 by

Sewalls Point Residential Market Report November 2012

Sewalls Point Real Estate Snapshot, Residential Sales for November 2012

There are currently 41 active listings (a decrease of 6 home for sale from October)

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10 Residential sales are pending and awaiting close or lender approval (a decrease of 7 homes from October)

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8 Homes sold in October (Up 1 from October)

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Continued strong activity for the Sewalls Point market report for November 2012.  A very good month for sales with 8 closings.  Pending sales were off  (by 7 homes) while the inventory is now down to 41 homes.  This is getting to be pretty slim for Sewalls Point.

The absorption rate now stands at 5.1 months.  This is an indication of a transition into a slight sellers market.  Where a seller has an advantage over the buyer because of the low supply and high demand.  A balanced market is considered to be when the absorption rate is 6 months.

Comparing the results to November of 2011, the inventory was at 49 homes homes on the market last year, pending sales numbered only 13 homes, and there was only 3 sale.

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Sewalls Point Market Report – Residential, November 2012

Snug Harbor Stuart FL

12.09.12 by

Snug Harbor Stuart FL

December 2012 Market Update for Snug Harbor Stuart FL:

There are 7 homes currently for sale in Snug Harbor Stuart FL.  Listing prices range from $695,000 to $2,550,000. (3 wide waterfront homes and 4 homes with marina access)

There are currently no homes under contract or pending.

2 homes have sold in the past 12 months.  Ranging in sales price from $360,000 to $967,250.  Neither of these homes were waterfront.

Located on the wide Saint Lucie River just east of the city of Stuart Florida is the unique subdivision of Snug Harbor. While the real estate market on the Treasure Coast has it’s problems, Snug Harbor remains a desirable community as recent sales can show.

Snug Harbor was the vision of a group of 10 Yachtsmen, many former Commodores of the Chicago Yacht Club back in 1943. They bought the land and platted the area in September 1944 as well as forming the Snug Harbor Corporation, which controlled the ownership of the lots.

Snug Harbor

In 1975 the deeds were distributed and/or sold to the then owners and a condominium form of ownership was established under the name of the Snug Harbor Yacht Club. With both waterfront and non-waterfront homes and estates, located just minutes away from the ocean by boat or car and also convenient to downtown Stuart, offices, restaurants and recreational areas.

Snug Harbor is one of the finest communities in Martin County. There are only 72 home sites with a club house, deep water marina, boat ramp, trailer parking and tennis courts. There is an active association with social activities year round that make this community a very attractive place to call home.

Please feel free to contact Gabe Sanders (772-323-6996), a Snug Harbor resident and board member, if you would like any information about this wonderful community.

 

 

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Snug Harbor Homes for Sale

Snug Harbor Stuart FL

Holly Creek November 2012 Market Update

12.07.12 by

Holly Creek November 2012 Market Update

As of December 1, 2012 there are only two homes for sale in Holly Creek. One town home, and one single family.
There are no homes currently under contract awaiting close.
In the past 12 months, 15 homes and town homes have sold in Holly Creek.
Holly Creek Home Sales

This 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. Only two miles to the Treasure Coast Mall and surrounding areas for shopping, and just a short bike ride from schools, restaurants, parks and downtown Jensen Beach; Holly Creek is one of the best locations on the Treasure Coast Low fees include professional landscaping.This home features lots of room with 2 BR, 2.5 Bath and 1 car garage with additional parking. Both bedrooms feature individual baths. New AC and the refrigerator has a water filter system. Private lanai and lushly landscaped grounds. This is a perfect starter home or a wonderful Florida vacation home during the cold northern winters. This home is in move in condition and ready for immediate occupancy. This home can qualify for the first time home buyers tax credit.

A 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.

Search for Holly Creek Homes and Town Homes for Sale

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Holly Creek November 2012 Market Update

Jensen Beach Golf and Country Club November 2012 Update

12.03.12 by

Jensen Beach Golf and Country Club November Update

There are currently 10 homes and villas available for sale in the Jensen Beach Golf and Country Club.
List prices between $184,00 and $339,900

12 homes are under contract awaiting the final sale. ( no short sales or ban owned properties – all conventional sales.)

In the past 12 months, 41 homes have sold.  Only one short sale and two bank owned (foreclosure) homes.
The average price per square foot was  $140.64 with 95% sales to list price

 The Jensen Beach Golf and Country Club in Jensen Beach Florida is one of the most desirable communities on Florida’s Treasure Coast.  There are 656 homes and home sites spread out on over 240 acres of wildlife preserve with plenty of privacy and homes from four different builders.   Homes began to be constructed in 2000 and new homes continue to be built to order, with a limited number of spec homes available from D.R. Horton and Renar Homes.  Previous builders included WCI Communities and Engle Homes.

The Jensen beach Golf and Country Club is home to the Eagle Marsh Golf Course.   This is apublic course and all are welcome to play.  Inexpensive membership plans are available along with dining facilities, a snack bar and a pro shop.  More information about the Eagle Marsh Golf Club can be found on their web site.

Homes in the Jensen Beach Golf and Country Club range from smaller 2 BR attached villas of approximately 1300 plus square feet of living area and single car garages to spacious one floor and two story pool homes of just over 2500 square feet with 3 car garages.  In addition to the facilities associated with the Eagle Marsh Golf Club, there are two community pools and an active tennis club with 6 professional courts along with a local pro and active league play.

All of these amenities come at an incredibly attractive HOA fee of around $225 per month and include landscaping, trash pickup as well as basic cable TV service.

The Jensen Beach Golf and Country Club is attractively situated only 2 miles from the Indian River (the Intracoastal Water Way) and quaint downtown Jensen Beach, only across the causeway to the public beach of Jensen beach for those wishing to take advantage of the clear waters of the Atlantic Ocean.  Less than a mile to the west is the Treasure Coast Mall and the shopping and restaurant corridor of US-1.

For those with children, the ‘A’ rated Jensen beach High School is within walking distance from the front gate of the Jensen Beach Golf and Country Club.

Here are the currently available re-sale homes in the Jensen Beach Golf and Country Club

For new home sales from either D.R. Horton or Renar Homes please call 772-323-6996 to arrange a private appointment with a new home specialist.

For any questions you may have about the Jensen Beach Golf and Country Club, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Jensen Beach Golf and Country Club November 2012 Update

Harbour Pointe Palm City

12.02.12 by

Harbour Pointe Palm City

November 2012 Market Update:

There are only 3 properties currently for sale in Harbour Pointe Palm City, Florida.  Asking prices from $359,900 to $429,900 with an average asking price of $149.00 per square foot of living area.

As of this writing there are no homes under contract.

12 Homes have sold in Harbour Pointe in the past 12 months. Sales prices were from $195,000 (short sale) to $460,000.  The average sales price was $301,000 at $122.20 per square foot of living area.

Harbour Pointe Palm City FL

Harbour Pointe is a gated community of 120 homes in Palm City Florida.  This small and private community features modern homes with open floor plans that have many of the amenities that home buyers have sought after with an ideal location that is the envy of many in Martin County!  Residents enjoy preserve and lake  views in spacious custom designed homes.

Harbour Pointe Palm City FL

Harbour Pointe is close to Palm City Elementary, Hidden Oaks Middle School and Martin County High School, which are among the ‘A’ rated schools of Martin County.  Also close to shopping, restaurants as well as the beaches of Martin County as well as easy access to I-95 and Florida’s Turnpike makes it a commuters dream!

Harbour Pointe Palm City FL Harbour Pointe Palm City FL

 Currently Available Homes and Town Homes in Harbour Pointe

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For more information about this and other Martin County communities contact:
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Stuart Condo in Fabulous Location Just Listed

12.01.12 by

Stuart Condo in Fabulous Location Just Listed

2600 SE Ocean Blvd. Suite KK- 10 has just been placed on the market and is available for immediate occupancy.

Vista Pines in Stuart FL

Spacious 2’nd floor 1 BR 1 and 1/2 Bath condo in Vista Pines. Community features include a 60′ heated pool, shuffleboard, barbecue area, and large clubhouse with billiards, wood working shop, library, dance hall, and exercise facility. Quiet location yet close to front gate. Within walking distance of medical facilities, stores, restaurants, banks and more. Just a short ride to downtown or the beaches; the ‘perfect location’! Make this your full-time home or just come down to escape those cold north ern winters. This is a 55+ community.
It is currently a very attractive time to consider buying a Condo in Vista Pines or the surrounding Martin County communities, as prices have returned to pre 2003 levels and with low-interest rates, these Sunshine State condos are ready for those wishing to move here full time or looking for an affordable winter home.

Vista Pines in Stuart FL

Vista Pines in Stuart FL

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Stuart Condo in Fabulous Location Just Listed

Martin County Florida Condo Market Report for October 2012

11.30.12 by

Martin County Florida Condo Market Report for October 2012

 

Commentary:

The Martin County Florida Condo Market for October 2012 continues to tread water neither getting worse or better.  Sales for October were up to 50 units from a very weak 39 in September.  Just about identical to October 2011 which had 53 sales.  The inventory rose to 574 condos (up 6 from September) which is about 100 condos less than were available last year.  I would not be surprised to see more inventory growth as we get into the upcoming  fall and winter condo season.  The median sales price did take a hit in October , down to $114,750 down from $159,000 for September, but still above last year’s $92,500.

The one month absorption rate is up to 11.5 months, while the three-month average is at 12.7 months.  Still a very challenging market for condo sellers.  But quite attractive opportunities for buyers.  We need to see a sustained absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

Currently, the condo market is under-performing as compared to our residential market and the condo markets of our southern neighbors.  I do expect this trend to stop as buyers realize the bargains currently available in the Martin County condo market.

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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.

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Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Condo Market Report for October 2012

the Gabe Sanders real estate team

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

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Martin County Florida Residential Market Report for October 2012

11.29.12 by

Martin County Florida Residential Market Report for October 2012

 

Commentary:

The Martin County Florida residential market report for October 2012 showed strong activity. In a month that typically is slow by historical standards, 153 homes closed, 40 homes better than 2011 and 39 homes better than 2010.  All this with an inventory of available homes now down by close to 50% from 2010.

Average and median sales prices were both higher for October.  This months inventory showed a slight increase to 1149 homes (up 14 from September), still down from the 1359 homes that were on the market in October of 2011 (and the 2710 homes in October of 2007). The one month absorption rate for October is 7.5 months, while the three-month average is 7.4 months. A 6 month absorption rate is considered to be a balanced market, so we are once again in a slight buyers market in Martin County.

Showing activity remains strong, though we are in the middle of the holiday season which normally is a slower market.

Please feel free to contact us if you have any difficulty interpreting these charts.

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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.

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Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Residential Market Report for October 2012

the Gabe Sanders real estate team

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

For more information about Florida’s Treasure Coast Real Estate, visit us at:

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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, October 2012

11.24.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, October 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for October 2012

 

For October 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 29 active condo listings. (Up 1 from September)

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7 Condo sales are pending and awaiting close or lender approval. (Unchanged from September)

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  2 Condos sold in October (Unchanged from September)

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The Hobe Sound condo market (Zip Code 33455) is tied now ith the Jensen Beach area as the smallest segment of the Martin County real estate market.  October showed very little change from last month (which showed very little change from August).  Only an increase of 1 condos in inventory with both pending and closed sales remaining unchanged from September.

The one month absorption rate is 14.5 months, signifying that it’s still a buyers market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.  But, with such low numbers, these indicators can easily be misleading.  With the holidays approaching, I’m not expecting any significant change in the Hobe Sound condo market in the coming months.

The October 2011 numbers were:  42 active listings, 3 pending sales and 2 closed sales.  Other than a lower inventory, very similar results to this year’s activity.



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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, October 2012

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, October 2012

11.23.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, October 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for October 2012

 

For October 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 300 active listings. ( A decrease of 16 homes from September)

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79 Residential sales are pending and awaiting close or lender approval (An increase of 10 homes from September)

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26 Homes Sold in October (An increase of 11 homes from last month)

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After two months of gains in inventory, The Hobe Sound Florida residential real estate market reversed course and decreased the active inventory in October.  There were surprisingly strong results in both pending and closed sales as well, making the 33455 zip code area of Martin County one of the top performing areas for October 2012.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 11.5 months from last month’s 21 months.  While still a buyer’s market, it’s considerably closer to a balanced market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for October 2011 were:  328 active listings, 59 pending sales and 30 closed sales.   Other than a larger number of pending sales (possibly indicating higher closed numbers in the months ahead), fairly similar to this years number.

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, October 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, October 2012

11.21.12 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, October 2012

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for October 2012

 

For October 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 29 active listings. ( A decrease of 18 condos from September)

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22 Condo sales are pending and awaiting close or lender approval. (Down 8 condos from September)

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8 Condos Sold (Up 5 from September)

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The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  After this past month’s drop in inventory, the number of available units is very small. This might be an excellent time for those who have a need to sell their Jensen Beach condo in zip code 34957.  Pending sales were down and closed sales were up for October.  With such small inventory, as well as the holidays approaching, I’m not expecting any movement from this segment of the market, unless the inventory can pick up.

The one month absorption rate for the October 2012, Jensen Beach Florida Market Report ZIP Code 34957 is 3.6 months.  The strongest seller’s market for condos in Martin County.

The October 2011 numbers were: 60 active listings, 12 pending sales and 1 condos closed.


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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, October 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, October 2012

11.20.12 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, October 2012

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for October 2012

 

For October 2012 in the 34957 Zip Code area of Jensen Beach, Florida :

 

There are currently 109 active listings. (Down 19 homes from last month)

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74 Residential sales are pending and awaiting close or lender approval. (Down 4 homes from September)

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24 Homes Sold (Down 1 home from September)

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The Jensen Beach residential real estate market, zip code 34957 remained at a steady pace for October.  Very little change from September with the exception of a fairly sizable drop in inventory to just over 100 homes actively on the market.  This is a very low number for the Jensen beach area of Martin County.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 is 4.5 months.  This is the best sellers market in our area in which the seller has an advantage over the buyer due to low inventory and increased demand.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The October 2011 numbers were: 146 active listings, 84 pending sales and 6 home sales closed.  Even with significantly less inventory, much better sales figures for October 2012.
 

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, October 2012

Foxwood in Martin County Florida

11.19.12 by

Foxwood in Martin County Florida

 

Foxwood in Stuart Florida

Foxwood is located just west of I-95 on Pratt and Whitney road in Western Stuart Florida.  It consists of 109 home sites that are all 2 acres or larger.  Horses are permitted with a zoning of one horse per acre.   Foxwood was designed with Florida’s natural environment in mind.  Every Foxwood home is custom built with the residents encouraged to keep some natural habitat in place.  Recently, a rare Florida Panther was seen going through Foxwood.

Foxwood Stuart FL

Association fees are a very reasonable $450 per year.  These fees cover maintenance of the private roads, sanitation and management fees.  More information about the Foxwood Property Association can be found at this community’s property association web site: Foxwood Property Association of Stuart Florida

Foxwood Stuart FL

Construction of homes in Foxwood began in 1978.  Four phase of development ended with the last phase commencing in 1990.  Most lots have been developed with just a handful of vacant lots left of which currently none are available for sale (as of this writing).

Foxwood Stuart FL

Foxwood is located less than a mile from the ‘A’ Rated South Fork High School with easy access to Palm Beach County and only 15 minutes to downtown Stuart and the pristine beaches of Martin County.

A perfect place to call home for those who desire some room to roam yet be close to shopping, restaurants and other urban areas.

Currently Available Homes in Foxwood

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For more information about this and other Martin County communities contact:
Gabe Sanders

Stuart Florida Real Estate

Residential Homes, Condos and Land with special emphasis on Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Foxwood in Martin County Florida

Palm City Florida Market Report ZIP Code 34990 – Residential, October 2012

11.18.12 by

Palm City Florida Market Report ZIP Code 34990 – Residential, October 2012

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for October 2012

 

For October 2012 in the 34990 Zip Code area of Palm City Florida :


There are currently 420 active listings (An increase of 18 homes from September)

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150 Residential sales are pending and awaiting close or lender approval. (An increase of 9 homes from last month)

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49 Homes Sold in October (Increased by 16 homes from September)

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For the Palm City, zip code 34990, area of Martin County Florida, a good strong October after a pretty weak September.  Closed sales came back up by 16 from a disappointing September.  The inventory of available homes for sale increased as well, but still remain at levels lower than they’ve been in quite a few years.  Pending sales were off by a bit and we expect some slower market activity for the next few months as we approach the holidays.

The current absorption rate stands at 8.6 months. Considerably better than last month’s over 1 year absorption rate.  This is a slight buyer’s market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.  Much of these numbers are a reflection of the slower activity which is typical for our area in the summer months.

The October 2011 numbers were:  468 active listings, 138 pending sales and 41 closed sales.  Better than last October, especially when factoring in the lower inventory for this year.

 

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Palm City Florida Market Report ZIP Code 34990 – Residential, October 2012

Palm City Florida Market Report ZIP Code 34990 – Condo, October 2012

11.17.12 by

Palm City Florida Market Report ZIP Code 34990 – Condo, October 2012

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2012

For October 2012 in the 34990 Zip Code area of Palm City, Florida :



There are currently 59 active condo listings. (A decrease of 3 condos from September)

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

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No Condos Sold in October. (Down 4 from September)

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The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.  For October, their were no sales closed for condos in Palm City.  The inventory decreased slightly and pending sales increased by 3.
With no sales, the absorption rate is not applicable.
The October 2011 numbers were: 59 active listings, 2 pending sales and 2 closed sales.   Inventory is the same as last year.  Pending sales are much better this year.

 

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Palm City Florida Market Report ZIP Code 34990 – Condo, October 2012

Stuart Florida Market Report ZIP Code 34997 – Condo, October 2012

11.16.12 by

Stuart Florida Market Report ZIP Code 34997 – Condo, October 2012

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2012

 

For October 2012 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 99 active condo listings (A decrease of 2 condos form September).

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21 Condo sales are pending and awaiting close or lender approval (Up 2 condos from September).

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6 Condos Sold in October (A decrease of 3 condos from September).

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Reflecting the off season for condos, the Stuart condo market for the area in ZIP code 34997 had a pretty lackluster month for October.  Basically unchanged from September, with only minor variations.  With the holidays coming up, we’re not expecting any major movement in the Stuart condo market.  Possibly an increase in inventory as often condo owners will try to time the market for the winter and spring season when activity tends to be a bit higher.

The one month absorption rate is at 16.5 months, indicating a continued strong buyers market.

The October 2011 numbers were: 120 active listings, 13 pending sales and 10 closed sales.  Other than approximately 20% less available inventory, the numbers are fairly similar to October 2011.

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2012

 

 

Stuart Florida Market Report ZIP Code 34997 – Residential, October 2012

11.15.12 by

Stuart Florida Market Report ZIP Code 34997 – Residential, October 2012

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2012

 

There are currently 360 active listings (a decrease of 5 homes from September).

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189 Residential sales are pending and awaiting close or lender approval (An increase of 11 homes from September).

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51 Homes Sold in September (Up 1 home from September)

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The 34997 zip code area of Stuart Florida continue to show strong numbers.  Inventory declined slightly while pending sales (an indication of future closed  sales) remained strong.  Closed sales were steady.
 
The current one month absorption rate is at 7 months, very close to a balanced market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.
 
The 2011 numbers were: 519 active listings, 194 pending listings and 47 closed sales.  Considering the amount of inventory being significantly lower this year, it’s fairly impressive that the market has performed this well.
 
 

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the Gabe Sanders real estate team

 

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Stuart Florida Market Report ZIP Code 34997 – Residential, October 2012