Stuart Florida Market Report ZIP Code 34996 Condo June 2013

07.15.13 by

Stuart Florida Market Report ZIP Code 34996 Condo June 2013

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

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

There are currently 184 active condo listings (Down 11 from last month).

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31 Condo sales are pending and awaiting close or lender approval (A decrease of 2 condos from May).

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17 Condos Sold in June (Down by 8 from May)

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 Some easing in the Stuart Florida Market Report ZIP Code 34996 for Condos for June 2013.   Both pending and closed sales were off (and this for the second month in a row).  After a slight rise in inventory last month, June saw a decrease of 11 listings.  After a very strong spring, it appears that the seasonal nature of this condo market is manifesting itself.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo rose to 10.8 months. Back to a fairly significant buyers market for June of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for June 2012 were: 185 active listings, 27 pending sales and 20 closed sales.   Other than improved pending numbers, this years activity is a bit of a disappointment.

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:

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

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Gabe Sanders

Stuart Florida Market Report ZIP Code 34996 Condo June 2013

Stuart Florida Market Report ZIP Code 34996 Residential June 2013

07.14.13 by

Stuart Florida Market Report ZIP Code 34996 Residential June 2013

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for June 2013

 

For June, 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 153 active listings (Decreased by 8 homes from May).

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42 Residential sales are pending and awaiting close or lender approval (Decreased by 13 from May).

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21 Homes Sold in June (Increased by 2 homes from May).

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In the 34996 zip code area of Stuart Florida real estate market activity for June 2013 closed sales increased again, by 2 homes while pending sales were off by 13.  Sales activity remains strong and we are seeing multiple offers on some well priced desirable properties.  The inventory dropped to only 153 homes available for sale.

The one month absorption rate for the 34996 zip code area of Stuart Florida for June dipped to 7.2 months, which is still a slight buyer’s market.  This figure should be dropping as the pending sales close in the coming months. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for June of 2012 were: 159 active listings, 32 pending sales and 8 closed sales.  Market activity has improved from June of 2012, although only marginally.  There have been some advances in sales in the higher priced homes which have been difficult sales in the past few years.

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:

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Search here for Stuart Florida Real Estate for Sale


Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34996 Residential June 2013

Stuart Florida Market Report ZIP Code 34994 Condo, June 2013

07.13.13 by

Stuart Florida Market Report ZIP Code 34994 Condo, June 2013

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

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

 

There are currently 112 active condo listings (Decreased by 1 condo from May).

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

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17 Condos Sold in June (Decreased by 13 condos from May).

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Mixed signals for the Stuart Condo market for zip code 34994.   Pending sales increased significantly by 10 condos in June while closed sales decreased to only 17 units.   The inventory declined again, but only by 1 condo.  This low inventory June result in decreasing market numbers in the coming months.

The one month absorption rate jumped up to 6.6 months, a very slight buyers market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last June the numbers were 140 active listings, 40 pending sales, and 12 closed sales.  Even with the reduced activity from last month, this years numbers are a significant improvement over June of 2012.

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:

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

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

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

Stuart Florida Market Report ZIP Code 34994 Residential June 2013

07.10.13 by

Stuart Florida Market Report ZIP Code 34994 Residential June 2013

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

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

 

There are currently 54 active listings (Down 2 from May).

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36 Residential sales are pending and awaiting close or lender approval (Down 6 homes from May).

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11 Homes Sold in May (Increased by 2 homes from May)

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Closed sales were up by two homes in the 34994 ZIP code area of the Stuart, Florida.   Available homes for sale (Inventory) are now down to only 54 homes.   Pending sales were off a little for May, but still remain strong for the size of this market.  If the inventory remains at these low levels, sales numbers will be declining in the future.  But, if prices continue to rise, I will be expecting a growth in inventory for the approaching winter season.

The one month absorption rate for the 34994 zip code for June dropped to 4.9 months. which signifies a seller’s market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The June 2012 numbers were 70 Active Listings, 50 pending sales and 9 closed sales.  Considering the lower inventory this year as compared to last, market activity is quite strong for the 34994 zip code area of this Stuart residential home market.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:

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Search here for Stuart Florida Real Estate for Sale

 

Stuart Florida Real Estate presented by:
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Stuart, FL Real Estate

Rental Properties

Condominium Properties

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Commercial Properties

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Stuart Florida Market Report ZIP Code 34994 Residential June 2013

Summerfield Golf Club Market Update for July 2013

07.10.13 by

Summerfield Golf Club Market Update for July 2013 – Home of the Champions Golf Club

Summerfield Golf Club

As of July 2 2013:
There are 12 homes on the market ranging in listing price from $279,000 to $489,000 with an average of $162.64 per square foot of living area.  No foreclosures or short sales in these listings.

There are 4 homes under contract (pending) awaiting their closing. Asking prices are from $324,500 and $392,900 at an average of $61.27 per square foot of living area.  None of these homes are distressed sales – No short sales or foreclosures.

In the past 12 months, 23 homes have sold.  Sales prices ranged from $163,000 to $489,900 with an average of $136.08 per square foot of living area.  Included in these sales was one short sale and one bank owned foreclosure.

Summerfield Golf Club is located on over 275 acres and hosts a little over 500 single family homes adjoining the Champions Golf Course.  Selected as one of the top 10 Golf Courses he nation by Golf Magazine in 1995, it is the first public golf course awarded the Audubon Signature Sanctuary Statuary because of its natural beauty.  This Tom Fazio designed course is open to the public with very reasonable membership fees.  Visit the Champions Course web site for more information at http://www.thechampionsgolfclub.com/

Summerfield Golf Club

The residential section is known as Summerfield Golf Club and is a secured gated community with homes ranging in size from smaller 2 bedroom coach homes of around 1500 square feet up to 5 bedroom estate homes boasting over 3,000 square feet of living area.

the Champions Club at Summerfield

Summerfield boasts an exceptionally large community pool and clubhouse with dining and entertainment facilities, fitness center and a professional 6 court Tennis club.  All of these amenities available at very reasonable HOA fees, along with the convenience of on-site manager to handle any issues that may arise.

Summerfield Golf Club

Very conveniently located near US-1 and Cove Rd, residents can enjoy close proximity to shopping, medical facilities with downtown Stuart only minutes away and only 30 minutes to the palm Beaches.  Easy access to I-95 where travel to Orlando or Miami is only 2 hours by car.

the Champions Club at Summerfield

Summerfield Golf Club

The following homes are currently available for sale in Summerfield:

Summerfield Golf Club Homes for Sale

Stuart Florida Real Estate

Summerfield Golf Club Market Update for July 2013

Summerfield Market Summary 

Sewalls Point Residential Market Report June 2013

07.09.13 by

Sewalls Point Residential Market Report June 2013

Sewalls Point Real Estate Snapshot, Residential Sales for June 2013

 

There are currently 52 active listings (a decrease of 6 homes for sale from May)

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10 Residential sales are pending and awaiting close or lender approval (Down 7 from last month)

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8 Homes sold in May (An increase of 1 home from May)

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 For June, in the Sewalls Point residential real estate market remained strong with 8 closed sales, including a $2.6 million waterfront sale.  Unfortunately, pending sales were off by 7 homes, possibly indicating a slower summer season ahead.  The inventory of available homes is now down to only 52 homes.

The absorption rate dropped to 6.5 months.  Basically, a balanced market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to June of 2012, the inventory was 57 homes on the market, 14 pending sales and there were 5 closed sales.  Better activity this year, when the lower inventory is factored in.  The drop in pending sales is troubling.

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

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Search here for Sewalls Point Florida Real Estate for Sale

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Sewalls Point Florida Real Estate presented by:
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Sewalls Point, FL Real Estate

Rental Properties

Vacant Land Properties

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Sewalls Point Market Report – Residential, June 2013

the Florida Club July 2013 Market Activity

07.08.13 by

the Florida Club July 2013 Market Activity

Stuart, Florida

the Florida Club July 2013 Market Activity

As of July 8, 2013:

There are 8 active listings for Florida Club homes for sale ranging in price from $219.000 to $448,315 with an average price per square foot of $150.77.

There are 5 homes under contract awaiting the sale with listing prices ranging from $174,900 to $224,900 for an average of $133.11 per square foot of living area.  One of these homes is a bank owned (foreclosure) listing.

In the past 12 months, 32 homes have sold in the Florida Club with sales prices ranging from $172,000 to $459,900 and an average sales price of $132.46 per square foot of living area.  Of these 32 sold homes, there was only 1 short sale and no bank owned foreclosures.

the Florida Club Market Activity

Conveniently located at the gateway to Stuart, Florida and Martin County, the Florida Club is a DiVosta built golf club community located off Kanner Highway and within minutes of I-95. This non-equity golf club community consists of 433 homes.  113 homes in the estates section of the Florida Club featuring larger lots and spacious estate sized homes.  Many with both lake or golf course views and a few with both.  The remaining Florida Club homes feature either single family or attached one story villas, many also with golf course and/or lake views.  Residents of the Florida Club can enjoy daily golf or if the wish can forgo being a member and just enjoy the benefits of living in a wonderful gated community without the expense of golf club membership.  Additionally for those wishing to play only occasional (or just seasonal) golf, the Florida Club is open for non-members.

the Florida Club July 2013 Market Activity

As of this writing, homes can be purchased in the Florida Club from the mid to high $100’s for villas to the upper $400’s for larger estate homes. Perfect for anyone who wants the convenience of easy access to I-95 with Palm Beach, Fort Lauderdale and Miami, just a quick trip to the south and Orlando to the north. Yet still only minutes to the wonderful Atlantic Beaches of both Stuart or Hobe Sound and Jupiter Island.

the Florida Club July 2013 Market Activity

The Martin County location ensures low property taxes and ‘A’ rated school system. Enjoy the Florida sunshine and all that this friendly neighborhood has to offer.

the Florida Club July 2013 Market Activity

For more information about golf at the Florida Club July 2013 Market Activity please visit their web site: Florida Club Web Site and watch their welcome video below:

Search for all Florida Club Homes for Sale in Stuart Florida
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the Florida Club July 2013 Market Activity

Martin County Florida Condo Market Report for May 2013

07.07.13 by

Martin County Florida Condo Market Report for May 2013

 

Commentary:

The Martin County Florida Condo Market for May 2013 was strong, though it retreated considerably from the excellent April numbers.   85 condos sold in May (compared to 128 in April).   Better numbers, year to year, but not excellent.  The inventory of available condos dropped again (fifth month in a row) to only 544 condos.  This low number is beginning to effect prices and at long last it appears that condo prices are starting to rise.   The median sales price was down compared to April, but this is a reflection of the larger number of lower priced condos that sold this month, rather than decreasing value.  Summer is upon us and typically the condo market slows down during the summer months.

The one month absorption rate increased to 6.4 months from last months 4.46 months, while the three-month average is now at 5.71 months.  Basically a balanced market for the time being.  Generally an absorption rate of 6 or 7 months is considered a balanced market.

The low inventory rates and rising interest rates are troubling and could possibly have a negative effect on the condo market recovery.

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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 May 2013

the Gabe Sanders real estate team

Condo 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:

Stuart Florida Real Estate


Martin County Florida Residential Market Report for May 2013

07.06.13 by

Martin County Florida Residential Market Report for May 2013

 

Commentary:

The Martin County Florida Residential Market Report for May 2013 continues the strong trend for 2013.   Considering that the available inventory has shrunk considerably, the number of sales for the month is quite impressive.  In fact, our inventory levels are approaching numbers that may have a negative effect on sales volume in the upcoming months.  Additionally, interest rates have been heading up recently.  Hopefully, this will not negatively impact our recovery. 

The median sales price was off from last month, but the average was slightly higher.  The inventory declined to only 1000 homes.   The one month absorption rate for May 2013 increased slightly to 4.74 months (from 4.52 months in April), and the three-month average is now down to 4.54 months.  A 6 month absorption rate is considered to be a balanced market, so we are officially in a a sellers market in Martin County.  As late summer and fall approaches, we typically can expect a small decline in activity.

We are still in need of good news about the economy as well as additional inventory to keep our real estate market recovery going strong.

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

[singlepic id=3711 w=800 h=600 float=center]

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 May 2013

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:

Stuart Florida Real Estate

May 2013 Monthly Market Detail St Lucie County Townhouses and Condos

07.01.13 by

May 2013 Monthly Market Detail St Lucie County Townhouses and Condos

Excellent activity continues for the May 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors.   Year to year closed sales were up by 12.5% and new sales under contract (new pending sales) increased by 43.4%

The median sales price dipped slightly by 4.1% and the average sales price was off by 1.1% from May of last year. 

The inventory of available townhouses and condos have decreased to 884 units which id down by 26.9% from last May.  Current supply of inventory is now 8.5 months (a 41.4% decrease from last year).   While these results are not quite as strong as in the single family market, they still show strong gains from previous years.  It is just a matter of time before prices start rising a bit more dramatically.  This current environment is an excellent opportunity for buyers looking into the Saint Lucie County real estate market for townhouses and condos.

 

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

May 2013 Monthly Market Detail St Lucie County Townhouses and Condos

May 2013 Monthly Market Detail St Lucie County Single Family Homes

06.30.13 by

May 2013 Monthly Market Detail St Lucie County Single Family Homes

Continuing the positive trend for the May 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors.   Year to year closed sales were up by 6.7% and new sales under contract (new pending sales) increased by 59%!!

Both median and average sales prices were up (May 2012 to May 2013) by 21.4% and 12.1% respectively. 

One item of concern is the active inventory which continues to decrease significantly (47.5%).  Current supply of inventory is only 3.9 months (a 57% decrease from last year).  For May 2013 it was a strong sellers market in the St Lucie County area.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

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

May 2013 Monthly Market Detail St Lucie County Single Family Homes

May 2013 Monthly Market Detail Martin County Townhouses and Condos

06.29.13 by

May 2013 Monthly Market Detail Martin County Townhouses and Condos

Another set of positive results reported by Florida Realtors for the May 2013 Monthly Market Detail Martin County Townhouses and Condos.   Year to year closed sales were up by 28% and new sales under contract (new pending sales) increased by a very impressive 56.6%

The median sales price decreased by 5.5% while the average sales price rose by 9.74% as compared to May of 2012.

The inventory of available townhouses and condos have decreased to 612 units which is a decrease of 28.4% from last May.  Current supply of inventory is only 6.2 months (a 39.2% decrease from last year).  For the Martin County townhouse and condo market, these results are very similar to our single family home market as both segments rapidly approach a balanced market that favors neither the buyer nor seller.

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

May 2013 Monthly Market Detail Martin County Townhouses and Condos

May 2013 Monthly Market Detail Martin County Single Family Homes

06.28.13 by

May 2013 Monthly Market Detail Martin County Single Family Homes

Solid market activity though not as strong as previous spring reports for the May 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors.   Year to year closed sales were up by 5.5% and new sales under contract (new pending sales) increased by 43.7%

Both the median and average sales prices decreased this month by year to year percentages of 16.3% and 20.2% respectively.

The inventory of available single family homes have decreased to only 1166 units which id down by 29.9% from last May.  Current supply of inventory is only 6.8 months (a 40.2% decrease from last year).   If this trend continues (and we see no reason to doubt it) we will soon be in a balanced market for the single family real estate market in Martin County.  There’s no reason not to expect a sellers market should the inventory continue to decrease.

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

May 2013 Monthly Market Detail Martin County Single Family Homes

May 2013 Monthly Market Detail Florida Townhouses and Condos

06.27.13 by

May 2013 Monthly Market Detail Florida Townhouses and Condos

More positive results reported by Florida Realtors for the May 2013 Monthly Market Detail Florida Townhouses and Condos for the entire state of Florida.  All indices have moved in a positive direction again as have the single family report for May 2013.  Year to year closed sales were up by 18.7% and new sales under contract (new pending sales) increased by a whopping 30.8%.

Both median and average sales prices were up (May 2012 to May 2013) by 15.9% and 11.4% respectively. 

One item of concern is the active inventory which has decreased by almost 23.7%.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

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

May 2013 Monthly Market Detail Florida Townhouses and Condos

Rocky Point June 2013 Market Update

06.26.13 by

Rocky Point June 2013 Market Update

Here is your Rocky Point June 2013 market update in Stuart Florida:

There are currently 34 active listings in Rocky Point.  The average list price is $511,105 based on $175.90 per square foot of living area.

12 homes are under contract (pending sales).  These include three short sales and no bank owned properties.  The average list price is $295,560 at $174.23 per square foot.

In the past 12 months, 66 homes have sold in Rocky Point at an average sales price of $213,638 at $116.82 per square foot of living area.   The highest priced sale was $975,000 and the lowest was $67,000.   These sales included 9 short sales and 1 bank owned foreclosure.

Rocky Point Homes for Sale in Stuart, Florida

 Rocky Point real estate

 

Rocky Point in Stuart, FL is a wonderful boating oriented community located just off the Saint Lucie Inlet in beautiful Martin County Florida.  Originally a fishing village because of its proximity to the Atlantic Ocean; Rocky Point is now a wonderful family community with a variety of different neighborhoods.  Most of Rocky Point is still oriented towards fisherman and boaters with many of the neighborhoods having access to docks, marinas and/or boat ramps.  Some neighborhoods have deeded dock rights as well as privately owned ramps and launch facilities.  There is also a selection of some luxury waterfront homes with private docks located only a short few minutes cruise to the open Ocean via the Saint Lucie Inlet and within a day’s round trip to the Bahamas.

 Rocky Point real estate

Bordering Rocky Point to the north and west is the Manatee Pocket.  Home of the original Stuart Sailfish fleet (Stuart continues to proudly boast that it’s the ‘Sailfish Capitol of the World’).  Now home to a number of Marinas, Charter fleets and the famous Chapman School of Seamanship as well as quite a few excellent restaurants serving the freshest seafood arriving from the Ocean straight to the kitchens daily.

 Rocky Point real estate

All this in wonderful family friendly neighborhoods within Martin County’s ‘A’ rated schools system. 

Rocky Point real estate

One of the highlights of the year for Rocky Point is the Port Salerno Seafood Festival.  Held yearly in the winter, this free festival fills the streets of Historic Port Salerno.  In addition to serving up the area’s freshest and tastiest seafood, live music, community booths, arts & crafts, activities for the kids, pirates and more keep the entire family entertained the whole day.        

Rocky Point real estate Admission is FREE, though attendees are asked to bring canned goods in exchange for zero admission to benefit a food drive for local food banks.

 Rocky Point real estate

 

 

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Search here for available homes in Rocky Point

 

Find the Perfect Home for Sale Today

Prices are low and the inventory has been shrinking.  Don’t miss the opportunity of a lifetime.  Search instantly for any size, location, price range to get you the BEST deal around!!!

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Stuart Florida Real Estate
 

Rocky Point June 2013 Market Update

 

May 2013 Monthly Market Detail Florida Single Family Homes

06.25.13 by

May 2013 Monthly Market Detail Florida Single Family Homes

Another positive month of results reported by Florida Realtors for the May 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida.  All indices have moved in a positive direction.  Year to year closed sales were up by 18.7% and new sales under contract (new pending sales) increased by 30.8%.

Both median and average sales prices were up (May 2012 to May 2013) by 15.9% and 11.4% respectively. 

One item of concern is the active inventory which has decreased by 23.7%.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

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

May 2013 Monthly Market Detail Florida Single Family Homes

Jensen Beach Golf and Country Club June 2013 Update

06.25.13 by

Jensen Beach Golf and Country Club June 2013 Update

There are currently 12 homes and villas available for sale in the Jensen Beach Golf and Country Club.
List prices between $199,900 and $319,000 or an average of $144.46 per square foot of living area.

9 homes are under contract awaiting the final sale. (no short sales and only one bank owned home.)  The average listing price per square foot was $147.80.

In the past 12 months, 50 homes have sold.  The sales prices ranged from $150,000 to $350,000 for an average price per square foot of  $137.40 with 96% sales to list price ratio.

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

Jensen Beach Florida Real Estate

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

Jensen Beach Golf and Country Club June 2013 Update

Hobe Sound Florida Market Report ZIP Code 33455 Condo, May 2013

06.24.13 by

Hobe Sound Florida Market Report ZIP Code 33455 Condo, May 2013

 

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

 

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

 

There are currently 21 active condo listings. (Unchanged from April)

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5 Condo sales are pending and awaiting close or lender approval. (Decreased by 2 condos from April)

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4 Condos sold in May (Down 1 condos from April)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Sales were only 4 units for May and pending sales were off slightly.  Meaningful interpretation of this market is fairly meaningless with the low number of available condos for sale.

The one month absorption rate jumped to 5.25 months, signifying a return to a seller’s market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. 

The May 2012 numbers were:  33 active listings, 8 pending sales and 1 closed sales.   Still doing better this year when considering the tiny inventory of condos available for sale in Hobe Sound.


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Hobe Sound Florida Market Report ZIP Code 33455 Condo, May 2013

 

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

06.23.13 by

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

 

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

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

 

There are currently 228 active listings. ( Up by 1 home from April)

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105 Residential sales are pending and awaiting close  (A decrease of 1 home from April)

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50 Homes Sold in May (Down by 1 home from last month)

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Strong sales activity for a third month in a row for the Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County.  Numbers for May were almost identical for April.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 4.6 months from the 4.5 of last month.  Hobe Sound is now a strong seller’s market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for May 2012 were:  285 active listings, 99 pending sales and 43 closed sales.   Considering the reduced inventory as compared to 2012, the market activity continues to grown and improve for the Hobe Sound residential real estate market.

 

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Hobe Sound, FL Real Estate

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

Jensen Beach Florida Market Report ZIP Code 34957 Condo May 2013

06.22.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Condo May 2013

 

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

 

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

There are currently 44 active listings. ( A decrease of 7 condos from April)

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24 Condo sales are pending and awaiting close or lender approval. (Down by 2 condos from April)

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7 Condos Sold (Decreased by 8 condos from April)

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The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  Current inventory is at an almost all time low.   Closed and pending sales were off for May, while the small inventory declines further.

The one month absorption rate for the May 2013, Jensen Beach Florida Market Report ZIP Code 34957 is 6.3 months.   Basically a balanced market, as a 6 month absorption rate is considered balanced, favoring neither the buyer or seller.

The May 2012 numbers were: 58 active listings, 26 pending sales and 8 condos closed.   Similar activity to last May.


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Jensen Beach Florida Real Estate presented by:
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Jensen Beach Florida Market Report ZIP Code 34957 Condo May 2013