Stuart Florida Market Report ZIP Code 34997 – Residential, February 2013

Stuart Florida Market Report ZIP Code 34997 – Residential, February 2013

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

 

There are currently 332 active listings (A decrease of 29 homes from January).

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243 Residential sales are pending and awaiting close or lender approval (An increase of 53 homes from January).

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47 Homes Sold in February (Down 7 homes from January)

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For February 2013, the Stuart Florida Market Report ZIP Code 34997 the closed sales were off marginally, but an impressive number of pending sales which should result in a stronger sold homes report in the next few months.  With the big increase in pending sales, the active inventory of available homes decreased significantly this month.
 
The current one month absorption rate climbed to 7.7 months which indicates a buyers 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.
 
The 2012 numbers were: 471 active listings, 242 pending listings and 60 closed sales.  Even with over 100 fewer available homes on the market this year, pending sales remained as strong as last year.
 
 

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Stuart Florida Market Report ZIP Code 34997 – Residential, February 2013

Search for Martin County Homes By High School Districts

Search for Martin County Homes By High School Districts

Listed below are the various Martin County High Schools along with a search of homes covering that particular school district.  Please double check with the Martin County School System as to the accuracy of the information provided on this page.

Martin County High Schools

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Stuart Florida Market Report ZIP Code 34996 – Condo, February 2013

Stuart Florida Market Report ZIP Code 34996 – Condo, February 2013

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

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

There are currently 199 active condo listings (Down 19 from last month).

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62 Condo sales are pending and awaiting close or lender approval (An increase of 8 condos from January).

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20 Condos Sold in February (Up by 7 from January)

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The Stuart Florida Market Report ZIP Code 34996 for Condos showed some increased activity.  And, after 3 months of increased inventory, it stopped this month and went down by 19.  Pending and sold activity were both up for February.  Quite surprising that the inventory dropped with this strong activity.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is 10 months.  Still indicating a buyers’ market.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for February 2012 were: 207 active listings, 43 pending sales and 13 closed sales.  Even with a slightly lower active inventory for 2013, we’re still generating better activity than last year.

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Stuart Florida Market Report ZIP Code 34996 – Condo, February 2013

Stuart Florida Market Report ZIP Code 34996 – Residential, February 2013

Stuart Florida Market Report ZIP Code 34996 – Residential, February 2013

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

 

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

There are currently 179 active listings (Decreased by 1 home from January).

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47 Residential sales are pending and awaiting close or lender approval (Increased by 24 from January).

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5 Homes Sold in February (Down 4 homes from January).

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In the 34996 zip code area of Stuart Florida real estate market activity for February 2013 the most glaring change is more than a 50% jump in pending sales.  Sales were off for the month, reflecting the reduced activity from the holiday season.  Inventory remained unchanged and is now getting quite low if all the pending sales close in the next few months.

The one month absorption rate for the 34996 zip code area of Stuart Florida for February jumped to 36 months, which represents a strong 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 February of 2012 were: 183 active listings, 35 pending sales and 8 closed sales.  Very similar numbers from last year to this year.

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Stuart Florida Market Report ZIP Code 34996 – Residential, February 2013

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

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

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

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

 

There are currently 134 active condo listings (A drop of 24 condos from January).

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

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19 Condos Sold in February (An increase of 4 condos from January).

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Another strong month for the Stuart Condo market for zip code 34994.   Both pending and closed sales increased from January.  Unfortunately the inventory decreased by a fairly large amount.

The one month absorption rate dropped to 7 months, which still signifies a buyers market, although only a slight one.  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 February the numbers were 134 active listings, 43 pending sales, and 7 closed sales.  Considerably better numbers for this year with a similar inventory. 

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

Search for Martin County Homes By Middle School Districts

Search for Martin County Homes By Middle School Districts

Listed below are the various Martin County Middle Schools along with a search of homes covering that particular school district.  Please double check with the Martin County School System as to the accuracy of the information provided on this page.

Martin County Middle Schools

Search for homes in the David L Anderson Middle School District

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Stuart Florida Market Report ZIP Code 34994 – Residential, February 2013

Stuart Florida Market Report ZIP Code 34994 – Residential, February 2013

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

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

 

There are currently 76 active listings (Up 12 from January).

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23 Residential sales are pending and awaiting close or lender approval (Down 8 from January).

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10 Homes Sold in January (Up 5 homes from January)

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The 34994 ZIP code area of the Stuart, Florida real estate market had a nice jump in sales in February, but also a disappointing drop in pending sales.  Inventory rose by 12 homes, but is still quite low which is impacting the sales for this segment of the Stuart, FL real estate market.

The one month absorption rate for the 34994 zip code for February dropped to 7.6 months. which signifies a slight buyers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The February 2012 numbers were 78 Active Listings, 43 pending sales and 7 closed sales.  Our pending sales for this year are almost half of last year’s, while other indicators are fairly close.  Not a good indication for the spring for the 3994 zip code area of Stuart.

 

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Stuart Florida Market Report ZIP Code 34994 – Residential, February 2013

Sewalls Point Residential Market Report February 2013

Sewalls Point Residential Market Report February 2013

Sewalls Point Real Estate Snapshot, Residential Sales for February 2013

 

There are currently 55 active listings (an increase of 6 home for sale from January)

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17 Residential sales are pending and awaiting close or lender approval (an increase of 10 homes from January)

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2 Homes sold in January (Unchanged from January)

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February was the second month in a row of slow sales in the Sewalls Point real estate market in Stuart, FL.  But it appears that this may be the end of this trend as pending sales more than doubled to 17 homes and the inventory came back to approximately normal levels after some historically low numbers.

The absorption rate now stands at 27.5 months.  This is a strong buyers market again.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to February of 2012, the inventory was 66 homes homes on the market, 9 pending sales and there was only 3 closed sales.  Similar sales from last year, but much better pending sales, portending increased sales for the next few months.

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Sewalls Point Market Report – Residential, February 2013

 

Search for Martin County Homes By Elementary School Districts

Search for Martin County Homes By Elementary School Districts

Listed below are the various Martin County Elementary Schools along with a search of homes covering that particular school district.  Please double check with the Martin County School System as to the accuracy of the information provided on this page.

Martin County Elementary Schools

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March 2013 Market Update for Island Dunes Condos on Hutchinson Island

March 2013 Market Update for Island Dunes Condos on Hutchinson Island

March 2013 Market Update for Island Dunes Condos on Hutchinson Island in Jensen Beach, FL

There are currently 42 active listings on the market at prices ranging from $170,000 to$1,595,000 for an average of $227.63 per square ft. of living area.

There are 11 condos under contract awaiting closing listed from $249,000 to 685,000 at an average cost per square ft. of living area of $221.71

In the past 12 months, 23 condos have sold ranging in sales prices from $155,000 to $700,000 with an average price per square foot of $194.34

 Located on the unspoiled Barrier Island of Hutchinson Island in Jensen Beach, Florida in Saint Lucie County is a complex of five separate condominium buildings with a common thread.  All of these units belong to the Island Dunes Country Club.  This unique arrangement offers golf, tennis and a deep water marina, just steps from your condo without having to travel to the mainland.The five buildings from North to South are the Island Dunes Oceanside I & II, the Admiral, the Regency Island Dunes and the Regency Island Dunes Two.  All of these buildings are Oceanside affording easy access to the crystal clear blue waters of the Atlantic Ocean.  There’s a wide variety of condos available ranging from 1 Bedroom to spectacular 3 Bedroom Penthouse suites.

The Island Dunes Country Club offers a challenging nine hole golf course golf course on the on the banks of the wide Indian River,  championship tennis club , a pro shop, a deep water marina and one of the fine dining in the onsite restaurant area which is open to the public.

 Search for all  Island Dunes Condos on Hutchinson Island in Stuart Florida

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March 2013 Market Update for Island Dunes Condos on Hutchinson Island

Palm Cove Golf and Yacht Club Town Home Now Available for Rent

Palm Cove Golf and Yacht Club Town Home Now Available for Rent

This Palm Cove Golf and Yacht Club Town Home now available for rent in this prestigious Palm City, Florida Golf and Yachting community.  Annual furnished lease of $2,400 per month or $2,200 per month unfurnished.

Palm Cove Golf and Yacht Club Town Home

Palm Cove Golf and Yacht Club Town Home

A wonderful Palm City town home featuring 3 spacious bedrooms (with two master suites — one up one down — with water views), loft area which can easily be converted into a 4th bedroom, 3 and ½ bathrooms and a 2 car garage. The kitchen, with granite counters, has a breakfast bar and roomy pantry. The second floor master has a balcony with sweeping preserve and river views. A very spacious home with soaring ceilings in the living area. This Palm Cove residence has access to community docks (check availability) a non-equity professional golf course and a full featured club house with community pool. HOA fees include Storm and Property Insurance and security. Conveniently located close to shopping, restaurants and Florida’s Turnpike.

Palm Cove Golf and Yacht Club Town Home

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 Town Home

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.

 

 

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Palm Cove Golf and Yacht Club Town Home Now Available for Rent


March 2013 Market Update for Ocean House in Indian River Plantation

March 2013 Market Update for Ocean House in Indian River Plantation

March 2013 Market Update for Ocean House Condos in Indian River Plantation, Hutchinson Island in Stuart, FL

Currently 2 active listings on the market at prices of $514,900 and $574,000 for an average of $357.16 per square ft. of living area.

There is 1 condo under contract awaiting closing listed for $509,000 at a cost per square ft. of living area of $379.85

In the past 12 months, 3 condos have sold ranging in sales prices from $340,000 to $575,000 with an average price per square foot of $317.90

One of the newest buildings in Indian River Plantation, Ocean House, is also the most magnificent.  Consisting of 79 Luxury Condo units of either 2 or 3 spacious bedrooms with amenities galore.  All suites have Ocean views, even the first floor units, which are in actuality the equivalent of being on the third floor as there are two parking levels for residents to enjoy covered parking.

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Ocean House has a newly renovated club house area featuring an updated kitchen with granite counter tops and stainless steel appliances.  Two flat screen televisions and free wi-fi for those that need connectivity.

A heated pool and lanai area that’s perfect for lounging close to the beach, or walk down your private access to enjoy the crystal blue waters of your private Atlantic ocean beach.

Barbecue area with a Tiki Hut for those nights that you want to eat out under the stars.

The Marriott Resort at Indian River Plantation Features:

Indian River Plantation consists of numerous condominium associations and buildings.  All styles from Ocean front to River front and Golf and Tennis villas can be found here.  IRP is associated and co-located with the Marriott Resort and Marina.

Tucked away on Hutchinson Island, the Treasure Coast’s 16-mile lush barrier island, is a unique resort that greets guests with the warmth of true Southern hospitality.

The Hutchinson Island Marriott Beach Resort and Marina stretches across 200 acres of plantation landscape on Hutchinson Island, bordered on one side by the Atlantic Ocean and by the shimmering Indian River on the other side.

A newly remodeled lobby with sweeping draperies, plantation-style wood furnishings and tropical tones sets the stage for a magical golf getaway. This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. Plantation East, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. The Ocean Club, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

The Hutchinson Island Marriott offers guests and residents two tiki bars and their Signature Restaurant, the Baha Grille. Thirteen Novagrass tennis courts, miles of unspoiled beaches, water sports, deep sea fishing, and a full-service 77-slip marina anchored on the Indian River round out a perfect vacation of sun and fun.

Resort amenities also include three heated pools with sun decks, game rentals from the Activities Hut, two outdoor spas and supervised activities for both children and teens.

March 2013 Market Update for Ocean House in Indian River Plantation

Hutchinson Island Condos For Sale

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March 2013 Market Update for Fairwinds Cove Condos in Jensen Beach

March 2013 Market Update for Fairwinds Cove Condos in Jensen Beach

Fairwinds Cove Condos in Jensen Beach, FL., Market Update for March 2013:


Currently 5 active listings on the market ranging in price from $145,000 to $250,000 for an average of $158.41 per square ft. of living area.

There are two condos under contract awaiting the sale for $195,000 and $220,000 list price at an average cost per square ft. of living area of $181.67.

In the past 12 months, 9 condos have sold ranging in sales prices from $120,000 to $197,000 with an average price per square foot of $131.54

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Located in beautiful Jensen Beach, Florida on the East side of the Jensen Beach Causeway is Fairwinds Cove.  A waterfront condo complex of 10 four story buildings with only 4 suites per floor.  Many of these condos with wonderful sweeping views of the Indian River (the Intracoastal Waterway that runs through Martin County).
 
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This condo complex built in multiple phases from 1974 to 1983 boasts two swimming pools, tennis courts, shuffleboard, waterside walking paths, a recently refurbished clubhouse with full kitchen, meeting room, fitness room, billiards and more.  Fairwinds Cove also has deeded docks with great access to fishing, water sports and only a few minutes to the crystal clear waters of the Atlantic Ocean.

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Fairwinds Cove is a non-age restricted community that allows one small pet.  There is a strong sense of community with many long time seasonal and full time residents.  Located within an easy walk to the beach and just a short drive to charming downtown Jensen Beach  as well as the many amenities offered in Martin County, Florida.

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March 2013 Market report for Suntide Condos on Hutchinson Island

March 2013 Market report for Suntide Condos on Hutchinson Island

As of March 1 2013, there are 4 condos on the market in Suntide on Hutchinson Island in Stuart FL.  Listing prices range from $197,000 to $335,000 with an average of $188.68 per sq. ft. of living area.

One condo is pending and awaiting sale.  It is a short sale listed at $164,900 or $163.75 per square foot of living area.

There has been only 1 condos sold in the past 12 months in Suntide.  The sales price was $168,500 or  $110.71 per sq. ft. of living area.

Located on Hutchinson Island in uncrowded and unspoiled Martin County, the  Suntide Building  is one of the premier ocean front condos in Stuart, Florida.  Boasting truly fine amenities with a protected pool, private beach access and hard to find under building protected parking.  There’s a full clubhouse with a fitness center, pool table, card room, library, full kitchen and reading room.

Suntide has all two bedroom, two bath condos that come in four different configurations and sizes.  The largest of these feature an office, sitting room than can possibly double as an extra bedroom.  Many units have direct and unspoiled ocean views.  One of the best run associations in Stuart, this fine complex is always a desirable destination for those who have made it their permanent residence as well as those who enjoy it as a vacation get away.

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

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March 2013 Market report for Suntide Condos on Hutchinson Island

March 2013 Market Report for Hutchinson House Condos

March 2013 Market Report for Hutchinson House Condos

As of March 1 2013, there are 4 condos on the market in Hutchinson House on Hutchinson Island in Stuart FL.  Listing prices range from $215,000 to $499,000 with an average of $219.26 per sq. ft. of living area.

Currently, no homes are under contract.

There have been 4 condos sold in the past 12 months in Hutchinson House.  Sales prices ranged from $210,000 to $350,000 for an average of $200.05 per sq. ft. of living area.

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Located on Hutchinson Island in uncrowded and unspoiled Martin County, the Hutchinson House Condo complex is an ocean to Intracoastal complex with a variety of styles and views offering wonderful amenities that include ocean access docks, club house, pools, spa/jacuzzi, tennis and a private beach.
 
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Hutchinson House consists of 121 Condos, with the Ocean Side being Hutchinson House East and the river side is called Hutchinson House West.  Both sides offer 2 and 3 bedroom condos with 2 or more bathrooms.  Many with spectacular views of the river and the crystal clear blue waters of the Atlantic Ocean.

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

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Martin County Florida Condo Market Report for January 2013

Martin County Florida Condo Market Report for January 2013

 

Commentary:

The Martin County Florida Condo Market for January 2013 continues to have its difficulties while the residential segment of the Treasure Coast real estate market is showing positive signs.  Sales for January were only 39 condos, down from 54 in December.  Similar to last year’s 37 condo sales in January.  The inventory declined to 610 condos (Down 20 from December) which is 54 condos less than were available last year.  This is the first month of decreasing inventory after 3 months of increases.  The median sales price dropped to $95,000 for January of 2013 (Was 133,000 in Jan 2012).   While the median list price rose to $179,000.  Whether this is just seasonal drop during the holiday season remains to be seen.  Typically we get more higher end condo sales in the spring season.

The one month absorption rate jumped to 15.6 months, while the three-month average rose to 13.3 months.  Still a very challenging market for condo sellers.  But quite attractive opportunities for buyers.  We need to see a sustained absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

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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 January 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:

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Martin County Florida Residential Market Report for January 2013

Martin County Florida Residential Market Report for January 2013

 

Commentary:

The Martin County Florida residential market report for January 2013 showed reduced sales activity which is mot unexpected as a result of slower activity from the holiday season.  But, we still showed stronger activity than for the past 3 January periods.  All this with an inventory of available homes now down by close to 50% from 2010.

Average and median sales prices were down for January.  The inventory of available homes finally showed a small increase of 49 homes.  This is positive news as the inventory was getting down to a point where there just wasn’t enough choices for willing buyers.  The one month absorption rate for January moved to 8.4 months, while the three-month average rose to 7.4 months.  A 6 month absorption rate is considered to be a balanced market, so we remain in a slight buyers market in Martin County.

February’s’s showing activity remains strong.  Some fairly positive economic data and strong positive Wall Street news should signal continuing positive real estate activity for the next few months.  Currently, I’m seeing issues with short sales as the banks seem to be reading the national statistics of increasing prices and are currently pricing many of their short sales at initially unacceptable levels.

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 January 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

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, January 2013

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, January 2013

 

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

 

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

 

There are currently 19 active condo listings. (Down by 7 condos from December)

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

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  4 Condos sold in January (An increase of 2 condos from December)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  With a significant further decrease in inventory, I don’t see any meaningful market activity coming from this segment in the spring.  For January, good strong closed and pending activity when considering only 19 available condos for sale in this market segment.

The one month absorption rate is down to 4.8 months, signifying a sellers market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The January 2012 numbers were:  32 active listings, 3 pending sales and 5 closed sales.  Considering the inventory, the market activity for January of 2013 was better than the same month last year.



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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, January 2013

 

February 2013 market Update for Sugar Hill in Jensen Beach

February 2013 market Update for Sugar Hill in Jensen Beach

As of Feb. 23 2013, there are 4 homes on the market in Sugar Hill in Jensen Beach, FL.  Listing prices range from $329,000 to $499,000 with an average of $165.31 per sq. ft. of living area.

Currently, no homes are under contract.

There have been 4 homes sold in the past 12 months in Sugar Hill.  Sales prices ranged from $290,000 to $447,000 for an average of $114.99 per sq. ft. of living area.

Sugar Hill in Jensen Beach Florida

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

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

Sugar Hill in Jensen Beach Florida

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

Sugar Hill in Jensen Beach Florida

 

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

 

For any questions you may have about February 2013 market Update for Sugar Hill in Jensen Beach, 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

February 2013 market Update for Sugar Hill in Jensen Beach

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, January 2013

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, January 2013

 

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

 

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

There are currently 262 active listings. ( A decrease of 31 homes from December)

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[singlepic id=3255 w=600 h=600 float=center]

96 Residential sales are pending and awaiting close or lender approval (An increase of 12 homes from December)

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28 Homes Sold in January (A decrease of 17 homes from last month)

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After a very strong fall and winter from the Hobe Sound residential real estate market (zip code 33455) of Martin County, January has started off with a bit of a whimper.  Closed sales were off and the inventory was also down.  Pending sales were the only bright spot with an increase of 12 homes under contract.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 9.4 months.  Back to a buyer’s market again.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for January 2012 were:  359 active listings, 78 pending sales and 22 closed sales.   Compared to last year, we have considerably stronger activity in January of 2013 with better numbers, especially considering a much smaller number of available homes (inventory).

 

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Stuart Florida Real Estate presented by:
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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, January 2013