Jensen Beach Florida Market Report ZIP Code 34957 Residential May 2013

06.21.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Residential May 2013

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

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

 

 There are currently 103 active listings. (A decrease of 13 homes from last month)

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76 Residential sales are pending and awaiting close or lender approval. (Down 8 homes from April)

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27 Homes Sold (Down by 5 homes from April)

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The Jensen Beach residential real estate market, zip code 34957 for May eased a bit from the strong April with 5 fewer closed sales as well as less pending inventory as well.   The available inventory is also down.  Pressure is on for higher prices but the market is resisting it with fewer sales.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 is currently 3.8 months, now a strong seller’s market.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The May 2012 numbers were: 139 active listings, 82 pending sales and 18 home sales closed. Still a strong market compared to last year when the available inventory is factored in.

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Jensen Beach Florida Market Report ZIP Code 34957 Residential May 2013

Palm City Florida Market Report ZIP Code 34990 Condo May 2013

06.19.13 by

Palm City Florida Market Report ZIP Code 34990 Condo May 2013

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

 

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



There are currently 52 active condo listings. (Down 6 condos from April)

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16 Condo sales are pending and awaiting close or lender approval. (Increased by 2 condos from last month)

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3 Condos Sold in May. (Down 4 condos from April)

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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.   Sales were only 3 units for May, yet the pending numbers were up, indicating some good closed activity for the next few months (if they all close).  Inventory is now down to only 52 condos for Palm City.
 
The current absorption rate for condos in the 34990 zip code area jumped to 17.3 months.  An extreme buyers market for this month, as a balanced market is considered to be an absorption rate of around 6 months.
 
The May 2012 numbers were: 66 active listings, 8 pending sales and 2 closed sales.   Considerably better activity for 2013 than last year.

 

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Palm City Florida Market Report ZIP Code 34990 Condo May 2013

Palm City Florida Market Report ZIP Code 34990 Residential May 2013

06.18.13 by

Palm City Florida Market Report ZIP Code 34990 Residential May 2013

 

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

 

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


There are currently 391 active listings (An increase of 9 homes from April)

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167 Residential sales are pending and awaiting close or lender approval. (A decrease of 19 homes from last month)

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77 Homes Sold in May (Increased by 1 home from April)

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For the Palm City, zip code 34990, area of Martin County Florida the residential market activity showed some signs of easing the torrid pace of this spring.  Closed sales increased by 1 home while the number of pending sales were off by 19.  On a positive note, the available inventory rose, making more homes available for those looking to buy.
 
The current absorption rate remains at 5 months.   The Palm City residential real estate market is a sellers market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The May 2012 numbers were:  462 active listings, 203 pending sales and 70 closed sales.  Closed sales remain strong as compared to last year.  Pending sales were weaker, but there is a significantly lower inventory as a cause.

 

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Palm City Florida Market Report ZIP Code 34990 Residential May 2013

Stuart Florida Market Report ZIP Code 34997 Condo May 2013

06.17.13 by

Stuart Florida Market Report ZIP Code 34997 Condo May 2013

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

 

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

 

There are currently 87 active condo listings (A decrease of 14 condos form April).

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30 Condo sales are pending and awaiting close or lender approval (Up 1 condo from April).

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17 Condos Sold in May (A decrease of 17 condos from April).

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After an exceptionally strong April, the Stuart condo market for the area in ZIP code 34997 eased considerably with only half as many closed sales.  Pending sales remained strong and the inventory took a big drop. 

The one month absorption rate rose to 5.7 months.  This is still a sellers market, but not the strong one of last month.  A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller. 

The May 2012 numbers were: 110 active listings, 29 pending sales and 14 closed sales.  These numbers are fairly similar to May of 2012.  I expect a retreat in the coming months as the summer season is typically slow for the condo market.

 

 

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

 

 

Stuart Florida Market Report ZIP Code 34997 Residential May 2013

06.16.13 by

Stuart Florida Market Report ZIP Code 34997 Residential May 2013

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

 

There are currently 298 active listings (A decrease of 27 homes from April).

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190 Residential sales are pending and awaiting close or lender approval (An decrease of 29 home from April).

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84 Homes Sold in May (Increased by 2 homes from April)

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For May 2013, the Stuart Florida Market Report ZIP Code 34997 the number of closed sales remained high as well as strong pending activity for future months closed activity though it was off from the high in April.  For May, there was a significant decrease in inventory after a small decrease last month.  The 34997 zip code area of Martin County market activity remains one of the most active areas in the county.
 
The current one month absorption rate dropped to 3.5 months which indicates a strong sellers market for the 34997 Stuart zip code real estate market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.  If inventory levels don’t rise, future market activity will suffer as there just aren’t enough homes at the current demand.  Prices have started to rise in this zip code area of Martin County.
 
The 2012 numbers were: 389 active listings, 222 pending listings and 92 closed sales.  When considering the greatly reduced inventory, the market activity in the 34997 zip code of Martin County remains robust year to year.
 
 

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Stuart Florida Market Report ZIP Code 34997 Residential May 2013

Stuart Florida Market Report ZIP Code 34996 Condo May 2013

06.15.13 by

Stuart Florida Market Report ZIP Code 34996 Condo May 2013

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

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

There are currently 195 active condo listings (Up 4 from last month).

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33 Condo sales are pending and awaiting close or lender approval (A decrease of 11 condos from April).

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25 Condos Sold in May (Down by 7 from April)

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After an exceptional March the Stuart Florida Market Report ZIP Code 34996 for Condos eased again in May after a little disappointment in April as well.   Both pending and closed sales were off.  Also, bucking the trend from most of our other areas, inventory rose modestly.  After a very strong early spring it appears that this section of the Martin County condo market has eased a bit.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo rose to 7.8 months.  This segment of the market has shifted back to a buyers market for May of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for May 2012 were: 188 active listings, 31 pending sales and 26 closed sales.  Very similar numbers to last year.

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Stuart Florida Market Report ZIP Code 34996 Condo May 2013

Stuart Florida Market Report ZIP Code 34996 Residential May 2013

06.14.13 by

Stuart Florida Market Report ZIP Code 34996 Residential May 2013

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

 

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

There are currently 161 active listings (Decreased by 11 home from April).

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55 Residential sales are pending and awaiting close or lender approval (Decreased by 2 from April).

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19 Homes Sold in May (Increased by 1 homes from April).

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In the 34996 zip code area of Stuart Florida real estate market activity for May 2013 closed sales increased by 1 home while pending sales were off by 2.  Sales activity remains strong and we are seeing multiple offers on some well priced desirable properties.  The inventory dropped to only 161 homes available for sale.

The one month absorption rate for the 34996 zip code area of Stuart Florida for May dipped to 8.5 months, which is still a buyer’s market, though only slightly.  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 May of 2012 were: 173 active listings, 33 pending sales and 34 closed sales.  Unlike other segments of the Martin County real estate market, the 34996 zip code is showing a decreased sales volume from last year, though this year’s pending sales are higher.

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Stuart Florida Market Report ZIP Code 34996 Residential May 2013

Cedar Pointe Condo Sold Great Price and Location

06.14.13 by

Cedar Pointe Condo Sold Great Price and Location

2929 SE Ocean Blvd. Suite 106-3 sold at an amazing price of only $27,500.  Very happy new owners and a pleased family of ex-owners.

Cedar Pointe Condo in Stuart FL

Cedar Pointe Condo Sold Great Price and Location.  Cedar Pointe is an active adult community of 62, 2 story buildings divided into 8 villages with numerous clubhouses and pools as well as recreational areas.  One of the prime locations in the city of Stuart only minutes away from the pristine beaches of the Atlantic Ocean and close to shopping, restaurants and medical facilities.

Cedar Pointe Condo in Stuart FL

It is currently a very attractive time to consider buying a Cedar Pointe Condo 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.

Cedar Pointe Condo in Stuart FL

A spacious first floor one bedroom 1 and 1/2 bath condo for senior adults.  Generous open plan with lots of storage and 2 walk in closets.  Very conveniently located within walking distance of the Saint Lucie River, restaurants, shopping and medical facilities.  Only a short drive or bike ride to the crystal clear waters of the Atlantic and charming downtown Stuart.  This active community feature numerous pools with one being just steps from this unit. Shuffleboard and other activities are available at the clubhouse.  This unit comes completely furnished, equipped and is ready for immediate occupancy for those who want an affordable Florida home or just a winter getaway.

Cedar Pointe Condo in Stuart FL

View additional pictures of this Affordable Stuart Condo in Cedar Pointe.

Cedar Pointe Condo in Stuart FL

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Cedar Pointe Condo Sold Great Price and Location

June 2013 Market Update for the Archipelago of Sewalls Point

06.13.13 by

June 2013 Market Update for the Archipelago of Sewalls Point

For June of 2013  there are two active listings on the market in the Archipelago of Sewalls Point.  Listing prices are $1,825,000 and $2,495,000 for an average list price of $661 per sq. ft.

There are no homes are currently under contract.

In the past 12 months, 2 home sold for $$950,000 and $1,800,000 for an average sale price of $278. per sq. ft. of living area.

Aerial of the Archipelago of Sewalls Point

Located in the prestigious town of Sewalls Point, Florida the Archipelago is a non gated neighborhood of all waterfront homes with access to the crystal clear waters of the Atlantic Ocean through the Saint Lucie Inlet in Martin County, Florida.  All the homes in the Archipelago are on either the wide waters of the Indian River or located on deep water canals.  The Saint Lucie Inlet to the Atlantic is less than two miles away by water.  Access is maintained by dredging all Archipelago waterways to 6’.  Homes range from modest older frame homes, to spectacular estate lots with magnificent views.

 View of the Archipelago of Sewalls Point
 

View of the Archipelago of Sewalls Point

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The Archipelago of Sewalls Point

Stuart Florida Market Report ZIP Code 34994 Condo, May 2013

06.12.13 by

Stuart Florida Market Report ZIP Code 34994 Condo, May 2013

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

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

 

There are currently 113 active condo listings (Decreased by 5 condos from April).

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42 Condo sales are pending and awaiting close or lender approval. (Down by 1 condo from last month)

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30 Condos Sold in May (Increased by 2 condos from April).

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Good activity for the Stuart Condo market for zip code 34994.   Pending sales increased by 1 condo in May while closed sales also increased.   The inventory continues its decline.  This low inventory will be responsible for a decreasing market numbers in the coming months.

The one month absorption rate dropped to 3.8 months, which is a significant seller’s market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last May the numbers were 150 active listings, 37 pending sales, and 23 closed sales.  Much better sales activity this year especially when the number of condos available for sale this year are so much less.

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

Stuart Florida Market Report ZIP Code 34994 Residential May 2013

06.11.13 by

Stuart Florida Market Report ZIP Code 34994 Residential May 2013

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

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

 

There are currently 56 active listings (Down 9 from April).

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42 Residential sales are pending and awaiting close or lender approval (Up 8 homes from April).

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9 Homes Sold in April (Unchanged from April)

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The 34994 ZIP code area of the Stuart, Florida real estate market continued with 9 closed sales, the same as April.  At the same time, pending activity increased significantly to 42 homes while inventory decreased again, now down to only 56 homes.  We should continue to have strong closed sales in the coming months, but if inventory doesn’t increase, we will be looking at a challenging market as there just aren’t enough homes available for sale.

The one month absorption rate for the 34994 zip code for May dropped to 6.2 months. which signifies a balanced market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The May 2012 numbers were 74 Active Listings, 42 pending sales and 6 closed sales.  Considering the lower inventory this year as compared to last, market activity is quite strong for the 34994 zip code area of Stuart for residential home market.

 

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Stuart Florida Market Report ZIP Code 34994 Residential May 2013

Snug Harbor June 2013 Market Update

06.11.13 by

Snug Harbor June 2013 Market Update

Snug Harbor June 2013 Market Update:

As of June, there is only 1 active listing in Snug Harbor in Stuart, FL.  The list price is $595,000 or $178.20 per square foot of living area. (Non-waterfront)

There are currently 4 homes under contract or pending.  Listing prices range from $350,000 to $2,550,000 or an average of $387.26 per sq. ft. of living area.  3 of the four pending sales are waterfront homes.

3 homes have sold in the past 12 months.  Ranging in sales price from $439,900 to $755,000.  The average sales price per sq. ft. was $218.58.  These were not waterfront homes.

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 June 2013 Market Update

Sewalls Point Residential Market Report May 2013

06.10.13 by

Sewalls Point Residential Market Report May 2013

Sewalls Point Real Estate Snapshot, Residential Sales for May 2013

 

There are currently 58 active listings (a decrease of 3 homes for sale from April)

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17 Residential sales are pending and awaiting close or lender approval (No change from April)

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7 Homes sold in April (An increase of 3 homes from April)

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 For May, in the Sewalls Point residential real estate market picked up steam from the previous month, with an additional 3 sales, for a total of 7.  Pending sales were unchanged while the inventory of available homes decreased to 58.

The absorption rate dropped to 8.3 months.  Still a buyers market in Sewalls Point, but only slightly.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to May of 2012, the inventory was 66 homes homes on the market, 18 pending sales and there were 6 closed sales.  Similar numbers to last year, but when the lower inventory is factored in, the market is much stronger this year.

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Sewalls Point Market Report – Residential, May 2013

Martin County Florida Condo Market Report for April 2013

06.05.13 by

Martin County Florida Condo Market Report for April 2013

 

Commentary:

The Martin County Florida Condo Market for April 2013 had one of the strongest months in recent history.  After disappointing results from much of the fall season, sales numbers for April were up to 128 units.  This is the highest monthly sales number since I started recording this data in January of 2004.  The inventory of available condos dropped again (fourth month in a row) to only 571 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 March, 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 dipped to 4.46 months from last months 6.93 months, while the three-month average is now at 6.32 months.  A considerably improved condo market after many years of stagnant results.  We have now slipped into a slight sellers market for certain segments of Martin County’s condo sales.  Generally an absorption rate of 6 or 7 months is considered a balanced market.

This summer will be very interesting.  If we don’t have an increase in inventory and buyers remain active, I expect some fairly good price gains.

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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 April 2013

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Martin County Florida Residential Market Report for April 2013

06.04.13 by

Martin County Florida Residential Market Report for April 2013

 

Commentary:

The Martin County Florida Residential Market Report for April 2013 continued the strong trend that began towards the end of last year.   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.  Many prospective buyers may not be able to find homes that fit their needs.

Both the average and median prices were up significantly for April.  The inventory did not decline from March, going up by only one unit.  Possibly an indication that many who have been waiting for an improving market are starting to list their homes.    The one month absorption rate for April 2013 increased slightly to 4.52 months (from 4.38 months in March), and the three-month average is now down to 5.26 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.

Positive economic news as well as continued low interest rates continue to drive buyers into the market.  While interest rates remain very attractive, there have been slight increases in the past few weeks.  There are also an increasing number of properties that have sold above asking price with multiple offers.  While we have a long way to go to see prices at the level of the boom around 2006, sellers are seeing a much improved market at present.

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 April 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

Portofino Foreclosure Condo Sold

06.04.13 by

Portofino Foreclosure Condo Sold

This well appointed bank owned Portofino Foreclosure Condo Sold for $57,000.  3734 NW Mediterranean Lane, Suite 207 has been purchased by a very happy new owner who now has a place in the sun in Jensen Beach, FL. 

Portofino Foreclosure Condo Sold
Portofino Condos at Jensen Beach is a gorgeous gated condo community that’s just great for families or singles. Portofino offers fantastic amenities such as a resort-style pool and hot tub, a state-of-the-art fitness center, and an indoor air-conditioned racquetball court along with outdoor tennis court. A business center is also available that delivers the conveniences of a home office, with computers, a copier, and a fax machine to keep you connected. A children’s playground is also available. This community is only 10 minutes from the beaches, and it is just minutes to both Jensen Beach Elementary School and Jensen Beach High School. Jensen Beach students also attend Stuart Middle School which is only about 15 minutes away.

Portofino Foreclosure Condo Sold

With a total of 384 units, there are 116 one-bedroom, 196 two-bedroom and 72 three-bedroom units within Portofino that are spacious and include balconies! Portofino provides luxury living for its residents, set in a peaceful Florida preserve atmosphere, many with lake views. Living in Portofino Condos at Jensen Beach you will feel like you are on vacation year round!


Portofino Foreclosure Condo Sold

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Portofino Foreclosure Condo Sold

April 2013 Monthly Market Detail St. Lucie County Townhouses and Condos

06.02.13 by

April 2013 Monthly Market Detail St. Lucie County Townhouses and Condos

Good activity continues as reported by Florida Realtors for the April 2013 Monthly Market Detail St. Lucie County Townhouses and Condos.   Year to year closed sales were up by 12.4% and new sales under contract (new pending sales) increased by 56%

Both the median and average sales prices have shown gains this month of 18,7% and 6.5% respectively. 

The inventory of available townhouses and condos have decreased to 904 units which id down by 26% from last April.  Current supply of inventory is now 8.8 months (a 40.9% 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.

April 2013 Market Detail Saint Lucie County Townhouses and Condos

Here’s the summary chart from the Florida Realtors report:

 

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

April 2013 Monthly Market Detail St. Lucie County Townhouses and Condos

April 2013 Monthly Market Detail St. Lucie County Single Family Homes

06.01.13 by

April 2013 Monthly Market Detail St. Lucie County Single Family Homes

Another strong month as reported by Florida Realtors for the April 2013 Monthly Market Detail St. Lucie County Single Family Homes.   Year to year closed sales were up by 20.9% and new sales under contract (new pending sales) increased by over 70%!!

Both median and average sales prices were up (April 2012 to April 2013) by 15% and 11.8% respectively. 

One item of concern is the active inventory which has decreased by almost half (48.7%).  Current supply of inventory is only 3.9 months (a 58.2% decrease from last year).  For April 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.April 2013 Market Detail Saint Lucie County Single Family

Here’s the summary chart from the Florida Realtors report:

 

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

April 2013 Monthly Market Detail St. Lucie County Single Family Homes

April 2013 Monthly Market Detail Martin County Townhouses and Condos

05.31.13 by

April 2013 Monthly Market Detail Martin County Townhouses and Condos

Another set of positive results reported by Florida Realtors for the April 2013 Monthly Market Detail Martin County Townhouses and Condos.   Year to year closed sales were up by an impressive 39.7% and new sales under contract (new pending sales) increased by  45.8%

The median and average sales prices also increased by 33.9% and 13.4% respectively from April of 2012.

The inventory of available townhouses and condos have decreased to 645 units which id down by 26.3% from last April.  Current supply of inventory is only 6.7 months (a 36.7% 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.

Here’s the summary chart from the Florida Realtors report:April 2013 Market Detail Martin County Townhouses and Condos

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

April 2013 Monthly Market Detail Martin County Townhouses and Condos

April 2013 Monthly Market Detail Martin County Single Family Homes

05.30.13 by

April 2013 Monthly Market Detail Martin County Single Family Homes

Another excellent month as reported by Florida Realtors for the April 2013 Monthly Market Detail Martin County Single Family Homes.   Year to year closed sales were up by 28.9% and new sales under contract (new pending sales) increased by 47.3%

Both the median and average sales prices have risen year over year by 23.5% and 32% respectively.

The inventory of available single family homes have decreased to 1216 units which id down by 29.1% from last April.  Current supply of inventory is only 7.2 months (a 41.5% 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.April 2013 Market Detail Martin County Single Family

Here’s the summary chart from the Florida Realtors report:

 

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

April 2013 Monthly Market Detail Martin County Single Family Homes