June 2013 Monthly Market Detail Martin County Single Family Homes

07.29.13 by

June 2013 Monthly Market Detail Martin County Single Family Homes

Another month of solid gains year to year for the June 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors.   Closed sales were up by 24.4% and new sales under contract (new pending sales) increased by 43.9%

Both the median and average sales prices increased this month (after decreases in May)by percentages of 13.8% and 31% respectively.

The inventory of available single family homes have decreased to only 1102 units which is down by 28.3% from last June.  Current supply of inventory is only 6.3 months (a 39.5% decrease from last year).  We are now at a balance market for residential sales in Martin County.  There’s no reason not to expect a sellers market should the inventory continue to decrease.

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

June 2013 Market Detail for Martin County Single Family

 

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

June 2013 Monthly Market Detail Martin County Single Family Homes

June 2013 Monthly Market Detail Florida Townhouses and Condos

07.28.13 by

June 2013 Monthly Market Detail Florida Townhouses and Condos

The positive trend from the spring has slowed for the June 2013 Monthly Market Detail Florida Townhouses and Condos for the entire state of Florida.   Year to year closed sales were off by 2.5% as compared to last months increase of 18.7% and while new sales under contract (new pending sales) increased by 14.2% (May’s increase was 30.8%).

Both median and average sales prices were up (June 2012 to June 2013) by 18.2% and 13.9% respectively (higher than May’s). 

One item of concern is the active inventory which has decreased by 20%.  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.

Click on the link below or the graphic to see the full market detail report from Florida Realtors:

June 2013 Market Detail for Florida Townhouses and Condos

 

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

June 2013 Monthly Market Detail Florida Townhouses and Condos

June 2013 Monthly Market Detail Florida Single Family Homes

07.27.13 by

June 2013 Monthly Market Detail Florida Single Family Homes

Another positive month of results reported by Florida Realtors for the June 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida.  All indices have moved in a positive direction though at a more modest pace than for the past few months.  Year to year closed sales were up by 8.6% (was 18.7% in May) and new sales under contract (new pending sales) increased by 23.1% (was 30.8% in May).

Both median and average sales prices were up (June 2012 to June 2013) by 15.1% and 14.2% respectively. 

The inventory of available homes for sale remains a concern as it continues to decrease, down by 22% from last year.  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.

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

June 2013 market detail for Florida Single Family

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

June 2013 Monthly Market Detail Florida Single Family Homes

Danforth in Palm City July 2013 Market Report

07.26.13 by

Danforth in Palm City July 2013 Market Report

As of July, 2013:
There are currently 8 active home listings for sale in Danforth.  Prices range from $299,500 to $450,000.  The average price is $368,412 which represents $149.62 per square ft. of living area.  None of these homes are foreclosures or short sales.

  4 homes are currently under contract.  No bank owned or short sales in this group.  Listing prices range from $269,000 to $325,000.  The average price is $303,000 at a sq. ft. of living area cost of $142.74. 

In the past 12 months 28 homes have sold in Danforth, indicating a very active market.  The sales prices ranged from $192,000 to $450,000.  6 of these homes were bank owned and 4 were foreclosures.  The average sales price was $284,675 at $113.24 per sq. ft.

Danforth in Palm City Florida is wonderful family subdivision with 335 homes of all sizes and shapes with a wonderful family friendly neighborhood feel.  Well located in palm City off SW Martin Highway and within walking distance of both the Palm City Elementary and Hidden Oaks Middle Schools.  Both of these schools are top rated in the Martin County school system as well as in the State of Florida.

Many homes are lakefront with beautiful views and a wonderful private feeling, yet this community is within a mile of the new Publix and also close to restaurants and medical facilities.  Also just a couple of minutes to Florida’s Turnpike for those wishing to either commute or to make a short trip to West Palm Beach or other points just North or South.


Danforth features low HOA fees of $304.00 per quarter (as of Sept. 2012).  Construction in Danforth was first completed in 1990 with most homes dated from then to the late 1990’s and at least one home completed in 2001.  This planned unit development (PUD) was developed by Danforth Development Inc. and various builders took part in the construction of the homes.  Here is the Danforth Home Owners Association web site.

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Danforth in Palm City July 2013 Market Report

 

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

07.25.13 by

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

 

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

 

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

 

There are currently 19 active condo listings. (Down by 2 condos from May)

[singlepic id=3744 w=500 h=500 float=center]

 

10 Condo sales are pending and awaiting close or lender approval. (Up by 5 condos from May)

[singlepic id=3745 w=500 h=500 float=center]

 

0 Condos sold in June (Down 4 condos from May)

 

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  There were no sales for condos in June, whoever pending sales doubled to 10 units. Inventory is only 19 units making meaningful interpretation of this market fairly meaningless with such low numbers in this segment of the Martin County condo market.

With 0 sales, the absorption rate for June is nonexistent.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. 

The June 2012 numbers were:  30 active listings, 8 pending sales and 6 closed sales.   Pending sales remain stronger than in 2012, and the inventory is off by 30%.  Should see these pending condos translate into sales in the coming months.


Please use the charts below as reference only as they rely on all residential types of property in the 33455 real estate market:

[singlepic id=3747 w=700 h=700 float=center]

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

 

Palm Cove Golf and Yacht Club July 2013 Market Update

07.24.13 by

Palm Cove Golf and Yacht Club July 2013 Market Update

There are currently 23 homes actively listed in Palm Cove Yacht and Golf Cub for July 2013 in Palm City, Florida.  List prices range from a low of $243,000 to the highest which is a waterfront home for $2,375,000.  The average list price is $625,965 at $176.66 per square foot of living area.

There is only one town home under contract awaiting closing.  The list price is $239,00 which equates to $157.96 per square foot of living area.

In the past 12 months, 27 homes have sold in Palm Cove Yacht and Golf Cub with an average sales price of $436,493 at $147.25 per square foot of living area.  The lowest sales price was $185,000 while the highest was $1,250,000.

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 July 2013 Market Update

Jensen Beach Florida Market Report ZIP Code 34957 Condo June 2013

07.24.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Condo June 2013

 

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

 

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

There are currently 31 active listings. ( A decrease of 13 condos from May)

[singlepic id=3748 w=500 h=500 float=center]

 

24 Condo sales are pending and awaiting close or lender approval. (Unchanged from May)

[singlepic id=3749 w=500 h=500 float=center]

 

7 Condos Sold (Unchanged from May)

[singlepic id=3750 w=800 h=800 float=center]

 


The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  Current inventory is at an all time low.   No changes for the June numbers for both pending and closed sales while the inventory dropped by close to 25% to only 31 active units.  If this low level continues, sales numbers are almost a certainty to drop lower.

The one month absorption rate for the June 2013, Jensen Beach Florida Market Report ZIP Code 34957 is now down to 4.4 months, signifying a shift to a sellers market. A balanced market is considered to be a 6 month absorption rate favoring neither the buyer or seller.

The June 2012 numbers were: 58 active listings, 21 pending sales and 6 condos closed.   When the reduced inventory is factored into this activity, this years numbers are much more active.


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

[singlepic id=3751 w=700 h=700 float=center]

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Jensen Beach Florida Market Report ZIP Code 34957 Condo June 2013

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

07.23.13 by

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

 

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

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

 

There are currently 248 active listings. ( Up by 20 home from May)

[singlepic id=3732 w=500 h=500 float=center]

 

107 Residential sales are pending and awaiting close  (An increase of 2 home from May)

[singlepic id=3733 w=500 h=500 float=center]

 

37 Homes Sold in June (Down by 13 home from last month)

[singlepic id=3734 w=800 h=800 float=center]

 

Sales were off by 13 homes from a very strong May in the Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County.  The inventory increased as sellers are realizing that some of the best conditions exist in many years for a successful home sale.  Pending numbers remained strong, decreasing by only 1 home.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 6.7 months from the 4.6 of last month, thus inching back to a very slight buyers market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for June 2012 were:  266 active listings, 93 pending sales and 46 closed sales.   Still a strong showing for this year with some good future potential with the high number of pending sales.

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

[singlepic id=3735 w=700 h=700 float=center]

Search here for Hobe Sound Florida Real Estate for Sale

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

Highlands Reserve July 2013 Market Update

07.22.13 by

Highlands Reserve July 2013 Market Update

There are currently 14 homes actively listed in Highlands Reserve for December, 2012 in Palm City, Florida.  Prices range from $269,000 to $1,466,500.  The average list price is $538,859 at $152.57 per square foot of living area.

There are 11 homes under contract awaiting closing.  One short sale and one bank owned home.  The average list price is $390.386 at $119.64 per square foot of living area.

In the past 12 months, 24 homes have sold in Highlands Reserve with an average sales price of $341,414 at $121.86 per square foot of living area.  Actual sales prices ranged from $257,050 to $439,990.  Two short sales and 1 bank owned property were in these sales.

Highlands Reserve July 2013 Market Update is the newest upscale community in this section of MartinCounty. Enter the magnificent gates and surround yourself with the well appointed amenities of the clubhouse and natural beauty of this community. Included are paths into winding nature trails will offer dramatic views of surrounding natural preserves and serene lakes.

Located only seconds from I-95 and within minutes of shopping, beaches and the laid back easy lifestyle of Martin County. Perfect for the family with an ‘A’ rated school system. Only 30 minutes to West Palm Beach and 2 hours to Orlando.

Low HOA fees of $275.00 per month include landscaping and irrigation as well as the security gate, use of the full service clubhouse with large pool and state of the art fitness center.  Lounge and kitchen for private parties and occasions.

Give us a call for the full line of exceptional new homes available in Highland Reserve in Palm City, FL.

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Highlands Reserve July 2013 Market Update

Jensen Beach Florida Market Report ZIP Code 34957 Residential June 2013

07.22.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Residential June 2013

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

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

 

 There are currently 112 active listings. (An increase of 9 homes from last month)

[singlepic id=3736 w=500 h=500 float=center]

 

75 Residential sales are pending and awaiting close or lender approval. (Down 1 home from May)

[singlepic id=3737 w=500 h=500 float=center]

 

31 Homes Sold (Up by 4 homes from May)

[singlepic id=3738 w=800 h=800 float=center]

 

The Jensen Beach residential real estate market, zip code 34957 had a solid June 2013 with an increase in closed sales, only 1 fewer pending sales and a welcome increase of inventory.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased again, now only 3.6 months, a strong seller’s market.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The June 2012 numbers were: 121 active listings, 88 pending sales and 25 home sales closed.  Jensen Beach , FL residential real estate continues to outperform many of the surrounding areas.
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:
[singlepic id=3739 w=600 h=600 float=center]

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Jensen Beach Florida Market Report ZIP Code 34957 Residential June 2013

Palm City Florida Market Report ZIP Code 34990 Condo June 2013

07.21.13 by

Palm City Florida Market Report ZIP Code 34990 Condo June 2013

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

 

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



There are currently 54 active condo listings. (Up by 2 condos from May)

[singlepic id=3752 w=500 h=500 float=center]

 

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

[singlepic id=3753 w=500 h=500 float=center]

 

8 Condos Sold in June. (Up 5 condos from May)

[singlepic id=3754 w=800 h=800 float=center]

 

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 up by more than double from last month, while pending sales were off by 2 condos, and a small increase of 2 condos to the inventory.
 
The current absorption rate for condos in the 34990 zip code area dropped to 6.8 months.  A steep drop to almost a balanced market for this month, as a balanced market is considered to be an absorption rate of around 6 months.
 
The June 2012 numbers were: 66 active listings, 5 pending sales and 3 closed sales.   Even with the significantly lower number of active condo listings, this year’s activity is much better.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

[singlepic id=3755 w=700 h=700 float=center]

 

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Palm City Florida Market Report ZIP Code 34990 Condo June 2013

Palm City Florida Market Report ZIP Code 34990 Residential June 2013

07.20.13 by

Palm City Florida Market Report ZIP Code 34990 Residential June 2013

 

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

 

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


There are currently 382 active listings (A decrease of 9 homes from May)

[singlepic id=3740 w=500 h=500 float=center]

 

162 Residential sales are pending and awaiting close or lender approval. (A decrease of 5 homes from last month)

[singlepic id=3741 w=500 h=500 float=center]

 

69 Homes Sold in June (Decreased by 8 home from May)

[singlepic id=3742 w=800 h=800 float=center]

 
For the second month in a row, pending and sold homes have eased in the Palm City, zip code 34990, area of Martin County Florida.  Inventory decreased by 9 homes, basically negating the 9 home increase from last month. 
 
The current absorption rate rose slightly to 5.5 months, which still indicates a slight sellers market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The June 2012 numbers were:  441 active listings, 189 pending sales and 70 closed sales.  Even with a significantly reduced inventory, closed sales remain comparable to last year.  Pending sales, as a percentage are close as well.

 Please use the charts below as reference only as they rely on all residential types of property in the 34990 real estate market:

[singlepic id=3743 w=700 h=700 float=center]

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Palm City Florida Market Report ZIP Code 34990 Residential June 2013

Stuart Florida Market Report ZIP Code 34997 Condo June 2013

07.17.13 by

Stuart Florida Market Report ZIP Code 34997 Condo June 2013

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

 

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

 

There are currently 77 active condo listings (A decrease of 10 condos form May).

[singlepic id=3768 w=500 h=500 float=center]

 

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

[singlepic id=3769 w=500 h=500 float=center]

 

8 Condos Sold in June (A decrease of 9 condos from May).

[singlepic id=3770 w=800 h=800 float=center]

 

A second slower month of activity for the Stuart condo market for the area in ZIP code 34997.  The only bright note is a stron pending sales number as sales were off for the past two months.  Inventory is also down to very low numbers as well.

The one month absorption rate rose to 9.6 months.  Now back to a buyers market, after months of sellers having the advantage.   A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller. 

The June 2012 numbers were: 109 active listings, 26 pending sales and 12 closed sales.  Other than better pending numbers, the 34997 condo market is off from last year.  The very low inventory numbers are troubling for future activity.

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
[singlepic id=3771 w=700 h=700 float=center] 
 

 

Stuart Florida Real Estate presented by:
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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2013

 

 

Stuart Florida Market Report ZIP Code 34997 Residential June 2013

07.16.13 by

Stuart Florida Market Report ZIP Code 34997 Residential June 2013

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

 

There are currently 332 active listings (An increase of 34 homes from May).

[singlepic id=3728 w=500 h=500 float=center]

172 Residential sales are pending and awaiting close or lender approval (A decrease of 18 home from May).

[singlepic id=3772 w=500 h=500 float=center]

 

68 Homes Sold in June (Down 16 homes from May)

[singlepic id=3730 w=800 h=800 float=center]

 

For June 2013, the Stuart Florida Market Report ZIP Code 34997 bucked the trend from the other two zip codes in Stuart with a sharply higher inventory and decreased pending and closed numbers.  Whether this is just a seasonal fluctuation or a trend, it’s just to early to call.  But, as prices have started to increase it looks like some latent seller demand is coming to the market.
 
The current one month absorption rate rose to 4.9 months which still indicates a sellers market ( though it’s up from last months 3.5 month absorption rate).  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.   Prices have started to rise in this zip code area of Martin County, which is probably one reason for the increased inventory.
 
The 2012 numbers were: 356 active listings, 204 pending listings and 78 closed sales.  Slightly less activity for this year, but fairly close when the reduced inventory is taken into consideration.
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
 
 [singlepic id=3731 w=700 h=00 float=center]

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Stuart Florida Market Report ZIP Code 34997 Residential June 2013

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).

[singlepic id=3760 w=600 h=600 float=center]

 

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

[singlepic id=3761 w=600 h=600 float=center]

 

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

[singlepic id=3762 w=600 h=600 float=center]

 

 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:

[singlepic id=3763 w=600 h=600 float=center]

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

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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).

[singlepic id=3723 w=500 h=500 float=center]

 

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

[singlepic id=3724 w=500 h=500 float=center]

 

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

[singlepic id=3725 w=800 h=800 float=center]

 

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:

[singlepic id=3727 w=700 h=700 float=center]

Search here for Stuart Florida Real Estate for Sale


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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).

[singlepic id=3756 w=500 h=500 float=center]


 

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

[singlepic id=3757 w=500 h=500 float=center]

 

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

[singlepic id=3759 w=800 h=800 float=center]

 

 

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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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

 

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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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Sewalls Point Market Report – Residential, June 2013