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

06.26.12 by

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

 

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

 

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

There are currently 285 active listings. ( A decrease of 30 homes from April)

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99 Residential sales are pending and awaiting close or lender approval (A decrease of 8 homes from April)

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43 Homes Sold in May (A decrease of 4 homes from last month)

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The Hobe Sound real estate market (ZIP Code 33455) continued very strong results into May 2012. The inventory decreased significantly this month by 30 homes, while closed sales remained strong and pending sales also showing good future sales providing they close in the near future. The Hobe Sound market has maintained better strength through the late spring season than most segments of the Martin County real estate market.

Last year, in May of 2011, we had 379 active listings, 93 pending sales and 30 closed sales. Considering the fact that there’s almost 100 less homes on the market and sales and pending sales are still better than in 2011, the market in Hobe Sound appears to be healthy and improving.

 

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

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

06.25.12 by

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

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

For May 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the April Market Snapshot data was unavailable)

There are currently 58 active listings. ( Up 5 from April)

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

8 Condos Sold (Unchanged from April)


The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market. The current inventory remains very low, though there was a small rise this month. Pending sales remain high and closed sales were steady at 8 condos sold for the third month. With an May absorption rate of 7.3 months, the Jensen Beach condo market is very close to a balanced market.

Last May there were 55 active listings, 19 pending sales and 7 closed sales.  With the exception of a higher number of pending sales, basically this market is very similar to last year.

 

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

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

06.24.12 by

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

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

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

There are currently 139 active listings. (Up 5 homes from last month)

82 Residential sales are pending and awaiting close or lender approval. (Up 4 homes from April)

18 Homes Sold (Down 15 from April)

A second slower month for the Jensen Beach residential real estate market, zip code 34957.  Inventory rose incrementally, pending sales were up also, but sales were off by almost 50% from last month.  After a strong spring, it appears we may be off to a slower summer, though the pending sales activity is strong and could reflect in good sales for the coming months if they all close.
The May 2011 numbers were 165 active listings, 71 pending sales and 23 closed sales.  Sales were higher last year, but with a considerably larger inventory, so as a percentage, fairly similar if not marginally better numbers for the May 2012 Jensen Beach residential real estate market (ZIP Code 34957).

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

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

06.23.12 by

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

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

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

There are currently 66 active condo listings. (Down 2 from April)

8 Condo sales are pending and awaiting close or lender approval. (Up 5 from last month)

2 Condos Sold in May. (Up 1 from April)

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.  For May, there was good activity for this market.  Inventory continues to decline.  Both pending and closed sales were up from last month.  For this segment of the Martin County real estate market, we expect to see continued steady activity.  But, with the fairly small market base, we don’t expect to see any major shifts in the market.

Last years numbers for the Palm City (34990 zip code area) Condo market were 58 active listings, 10 pending sales and 2 closed sales.  As opposed to most Martin County markets, inventory is slightly higher from last year.  However, the sales activity has also improved slightly.

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

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

06.22.12 by

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

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

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

 

There are currently 462 active listings (An increase of 12 homes from April)

203 Residential sales are pending and awaiting close or lender approval. (A decrease of 25 homes from last month)

70 Homes Sold in May (Increased 21 homes from April)

For the Palm City, zip code 34990, area of Martin County Florida, the strong April continued into May with excellent closed sales.  Pending sales decreased in May which may indicate some slower closed sales in the months ahead.  Inventory was also up slightly as more home owners may realize that this could be an excellent time to sell their home.

Comparing these numbers to May of 2011, when there were 532 active listings, 129 pending sales and 61 homes sold.  Showing an all around improvement from last year, though only moderately better.  Interest levels for buyers remains high in the Palm City market and we are looking for continued strong activity in this market.

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

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

06.21.12 by

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

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

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

There are currently 110 active condo listings (A decrease of 5 condos form April).

29 Condo sales are pending and awaiting close or lender approval (Down 5 condos from April).

14 Condos Sold in June (A decrease of 4 condos from April).

A slightly disappointing month for the Stuart condo market for the area in ZIP code 34997.  While inventory decreased to 110 condos both pending and closed sales were also off.  The 34997 zip code area of Stuart contains a fairly good supply of condo communities, but there is definitely a shortage of good inventory which is affecting sales.  The current one-month absorption rate is just under 8 months.  Still a buyer’s market, but close to a balanced market which would be with a 6 to 7-month absorption rate.
Last years numbers were 111 active listings, 30 pending sales and 8 closed sales.  The market is marginally better than May of 2011.  We are now being hampered by lack of inventory.

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

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

06.20.12 by

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

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

There are currently 389 active listings (A decrease of 18 homes from April).

225 Residential sales are pending and awaiting close or lender approval (A decrease of 20 homes from April).

92 Homes Sold in April (Up 25 homes from April)

More good results from the 34997 zip code area of Stuart Florida. This segment of the Martin County real estate market has had an exceptionally strong spring! Inventory took another drop again in May while pending sales also dropped, most likely reflecting the decrease of seasonal home buyers on the Treasure Coast.  Sales rose to a solid 92 homes for May!  The best month in closed sales for one segment of the market in many, many years.

In May of 2011, there were 548 active listings, 173 pending sales and 53 closed sales, for the 34997 zip code for Stuart, Florida.  Even with almost 150 fewer homes available for sale, closed sales almost doubled for 2012.  A very good case can be made that the market has turned in Stuart, Florida.

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

Stuart Florida Market Report ZIP Code 34996 – Condo, May 2012

06.19.12 by

Stuart Florida Market Report ZIP Code 34996 – Condo, May 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for May 2012

For May 2012 in the 34996 Zip Code area of Stuart, Florida :

There are currently 188 active condo listings (Down 15 from last month).

31 Condo sales are pending and awaiting close or lender approval (A decrease of 21 condos from April).

26 Condos Sold in May (Unchanged from April)

The inventory continues to decline in the Stuart condo market for the area in ZIP code 34996. Sales activity was unchanged from April and pending sales were down significantly from last month. We are approaching the slower time of the year for seasonal condos and it’s not unusual to see a lower number of pending sales and probably fewer closed sales for the summer and fall for this segment of Stuart, Florida real estate.

Compared to last year in May of 2011, the numbers were 211 active listings, 38 pending sales and 22 closed sales.  Considering the inventory is approximately 20% lower than last year, the market activity is very similar and thus better when considering the reduced number of available options in the 34996 Condo market in Stuart, Florida.

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Stuart Florida Market Report ZIP Code 34996 – Condo, May 2012

Stuart Florida Market Report ZIP Code 34996 – Residential, May 2012

06.18.12 by

Stuart Florida Market Report ZIP Code 34996 – Residential, May 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for May 2012

For May 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 173 active listings (An increase of 8 homes from April).

33 Residential sales are pending and awaiting close or lender approval (Down 14 from April).

34 Homes Sold in May (Up 26 from April).

The 34996 zip code area of Stuart Florida had an excellent May in terms of closed sales. Pending sales, however, declined and will probably be a predictor of some easing in closed sales for the summer months ahead.  The inventory rose slightly from last month, making a few additional homes available for buyers.

Comparing the numbers to May of 2011, there were 183 active listings, 31 pending sales and 8 closed sales. With the exception of a much better sales activity for may of 2012, the remaining market activity is fairly similar to last May.

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Stuart Florida Market Report ZIP Code 34996 – Residential, May 2012

Stuart Florida Market Report ZIP Code 34994 – Condo, May 2012

06.17.12 by

Stuart Florida Market Report ZIP Code 34994 – Condo, May 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for May 2012

For May 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 150 active condo listings (Up by 3 condos from April).

37 Condo sales are pending and awaiting close or lender approval. (Down 6 from last month)

23 Condos Sold in May (Increased by 8 condos from April).

The Stuart Condo market for zip code 34994 showed an increase of closed sales, reflecting the winter and spring contracts that were written and went into pending status.  As the summer approaches, the inventory has taken another small rise and pending sales also decreased slightly as we typically go into a slower market for condos during the summer and fall months.  It should be noted that the 34994 zip code area of Stuart has a fairly low number of condo developments compared to other zip codes in Martin County and Stuart.

In May of 2011 the numbers were: 154 active listings, 36 pending listings and 13 closed sale.  Better closed sales numbers and pending sales along with a lower inventory.  We are still doing considerably better than last year with an improved real estate market in almost all Martin County residential real estate segments.

The one month absorption rate for this market is now 6.5 months.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither a buyers or sellers market.

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Stuart Florida Market Report ZIP Code 34994 – Condo, May 2012

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

06.16.12 by

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

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

For May, 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 74 active listings (Down 5 from April).

42 Residential sales are pending and awaiting close or lender approval (Up 2 from April).

6 Homes Sold in May (Up 1 home from April)

The 34994 ZIP code area of the Stuart, Florida real estate market continues to show some positive market activity.  Sales were up, pending sales also increased and the inventory continued to decline.  With only 74 available homes for sale in this zip code are of Stuart, finding quality well priced homes is becoming difficult for buyers.  Those homes that are attractively priced and in quality condition are in fact moving quickly

Last May at this time, there were 89 active listings, 31 pending sales and 9 closed sales.  This May, the activity has decreased slightly from last year.  Some of this can be attributed to the lower inventory this year.

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

Sewalls Point Residential Market Report for May 2012

06.15.12 by

Sewalls Point Residential Market Report for May 2012

Sewalls Point Real Estate Snapshot, Residential Sales for May 2012

There are currently 66 active listings (an increase of 3 homes for sale from April)

18 Residential sales are pending and awaiting close or lender approval (A decrease of 1 from April)

6 Homes sold in April (Up 4 from April)

For the  Sewalls Point market report residential, May 2012, we finally saw some signs of life.  Sales increased in May to 6 homes, of which two were over the million dollar mark and another very close.  The inventory remains fairly high and pending sales were basically unchanged from last month.

Comparing the results to May of 2011, the inventory is basically unchanged as there were 58 homes on the market last year, pending sales were 10, and 4 homes sold.  While we have better activity this year, the fairly high number of active listings will make it difficult for sellers and the opportunity is certainly available for buyers who may want to live in Sewalls Point.

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Sewalls Point Residential Market Report for May 2012

The Estuary of Stuart Florida

06.09.12 by

The Estuary of Stuart Florida

The Estuary of Stuart Florida, located in North Stuart, Florida and often mistaken for being a part of Jensen Beach Florida is a gated community with a variety of homes ranging from condos, to 1980’s vintage homes, to newer villas as well as waterfront homes with deep water docks.

The Estuary of Stuart Florida is very conveniently located on the banks of the North Fork of the Saint Lucie River, just minutes from the Treasure Coast Mall and the shopping and dining areas of the US-1 corridor in Jensen Beach.

Different sections of the Estuary include well appointed 2 and 3 bedroom condos with pool and lake views.  A select number of condos have mile wide river views of the Saint Lucie River.  An inland section of varying styles, sizes and shapes of homes built from the early 1980’s and also called River Shores Plantation.  In 2002, a section of the Estuary was added with villas and smaller single family homes on Tillia Trail with their own community pool.  Larger single family homes were also added at this time along Estuary Court, Plumbago Trail and the western section of NW 21’st Terrace.  This section also boasts a community dock suitable for good sized vessels with ocean access just a few minutes away at the Saint Lucie Inlet.   Homes on Plumbago Trail also enjoy spectacular wide water views.  The Estuary is truly a wonderful place to call home.

Please call for a full selection of available Estuary of Stuart Florida Homes and Condos for Sale

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The Estuary of Stuart Florida

 

The Retreat in Hobe Sound

06.04.12 by

The Retreat in Hobe Sound

This is a beautiful DiVosta master planned community at the end of Seabranch Ave just west of US-1 in Hobe Sound.  The Retreat contains 555 well built CBS homes ranging from 2 BR to 4 BR homes that continue to impress their owners with their functionality and quality DiVosta construction.

 Located near Schools, Golf Courses, Shopping, Medical facilities, Beaches, and all the amenities either a family or a second home owner looks forward to in Florida living.  Amenities at the Retreat include a heated community pool, clubhouse, fitness room and tennis courts.  Golf course access in right next door at Lost Lake.

The Retreat was a finalist in the Communities of Excellence contest in the communications division. Association volunteers under the direction of the Communications Committee utilize a bimonthly newsletter, website, bulletin boards, community television channel, town hall meetings, resident directory, email blasts, and open board meetings with published minutes to get information to and from the residents. The newsletter is particularly popular. The website provides information of a business nature, with a resident showcase for display of artwork.

 Currently some select Retreat Homes are available at very attractive prices.

To view these available Retreat Homes for sale, click here.

For more information, visit our website or call us at (772) 888-2885.
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The Retreat in Hobe Sound

 

Martin County Florida Condo Market Report for April 2012

05.31.12 by

Martin County Florida Condo Market Report for April 2012

Commentary:

For April, the Martin County Florida Condo Market finally showed some life with better results than we’ve had all year.  Sales for April were a strong 75 units, 11 units more than March and 25 units above April of 2011.  On another positive note, the median sales price rose to $118,500 reflecting some higher to moderate priced condos having sold.

The inventory declined to 606 condos, which is down from 651 units last month and down from the 714 condos that were on the market in April of 2011. The one month absorption rate is now at 8.08 months, while the three month average is down to 9.68 months. It remains a challenging market for condos in Martin County but some signs of life as prices across the board have declined significantly.  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.

The big uncertainty that remains is the economy. We believe that if we have any sustained good news, we will see a pretty good rush on the market which will be a nice change from the present. For the longer term, even though we have the best mortgage rates in history at the moment, inflation is making news and this is not good for rates down the line. The Fed is working hard to keep rates down, but for how long, we’re just not too sure.

Our outlook for Martin County is fairly positive as for buyers, prices and rates remain very attractive. For sellers, it doesn’t look like we’re going to see any significant improvements soon, so if you need to sell, you may be better off now than possibly in the near future.

Martin County Florida Condo Market Report for April 2012

the Gabe Sanders real estate team

Condo Homes, Condos and Land
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Martin County Florida Residential Market Report for April 2012

05.30.12 by

Martin County Florida Residential Market Report for April 2012

Commentary:

The Martin County Florida residential market report for April 2012 showed another healthy month. The sales volume of 166 homes was 5 homes more than last year with about 300 less homes in inventory. The one month absorption rate was down to 7.5 months while the three month moving average is now at 8.16 months.  This is up slightly from March.  The one month absorption rate is now indicating close to a balanced market.  There are still a significant amount of pending short sales that seem to be taking forever to close.  I am hoping that the lenders are not tightening up their requirements as they also see market activity improving.

Both average and median sales prices were down slightly from March.  This is the second monthly decline after a number of months of increases. This is more a reflection of the mix of homes selling for these months rather than an indication of lower values (More lower-priced homes selling). However, the specter of an increased number of distressed properties being released by the banks remains. Should a large number of foreclosures come on the market, this will further depress prices and keep the values relatively stable at best.

Our outlook for Martin County remains optimistic as prices and rates remain at historic low levels. For sellers, homes are selling, and if priced and presented optimally, they are going quickly. Buyers are seeing historically low-interest rates and very affordable quality homes in almost all price ranges.

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

Click on the individual charts to see charts in expanded mode.

Martin County Florida Residential Market Report for April 2012

the Gabe Sanders real estate team

Residential Homes, Condos and Land
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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, April 2012

05.29.12 by

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

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

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

There are currently 35 active condo listings. (Down 3 from March)

6 Condo sales are pending and awaiting close or lender approval. (Down 1 from March)

5 Condos sold in April (Unchanged from March)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the martin County real estate market.  April showed continued activity with five closed sales and a further decrease in inventory. I don’t expect to see any great movement in this segment of the Treasure Coast Florida condo market, with the current absorption rate on 7 months, indicating a balanced market for April. Last April’s numbers were 39 active listings, 9 pending sales and 3 closed sales. Almost identical to this year’s numbers.

 

 

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

Mariner Sands Golf Club

05.28.12 by

Mariner Sands Golf Club

One of Stuart’s premier golf course communities is located on 728 pristine acres with magnificent landscaping featuring idyllic lakes and water views as well as natural wooded buffers.   There are 771 residences in the Mariner Sands Golf Club with exclusive use of two championship golf courses.  Designed by famed course architects Tom Fazio and Frank Duane.  In addition to 36 holes of magnificent golf,

Mariner Sands Golf Club also features a championship Tennis facility with 9 Har-Tru courts and pro shop.  Yearly clinics, as well as tournaments, keep the Tennis players busy.  Members have access to the adjacent large swimming pool and pool bar.

There’s also a 2,100 sq. ft. Fitness Center available for use by all Mariner Sands Golf Club members.  It contains state-of-the-art equipment for cardiovascular development, strength and toning procedures for all muscle groups and flexibility improvement.

Two on-site licensed personal trainers are available to assist members in developing specific individual programs.

For pet lovers, Mariner Sands boasts its own ‘doggie park’ for use by all residents.

Mariner Sands Golf Club is one of the few golf communities in Florida with its own chapel. It has multi-denominational worship services and is host to art classes, a library and various cultural events.  The chapel also facilitates many charitable events and volunteer opportunities for the community.  A Memorial Garden is available for interment to all Mariner Sands residents and their families.

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

05.27.12 by

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

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

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

There are currently 315 active listings. ( A decrease of 8 homes from March)

96 Residential sales are pending and awaiting close or lender approval (A decrease of 8 homes from March)

45 Homes Sold in April (A decrease of 4 homes from last month)

The Hobe Sound real estate market (ZIP Code 33455) continued very strong results into April 2012.  The inventory decreased again while closed and pending sales were off only slightly from a strong March. Compared to last April, we had 409 active listings, 89 pending sales and 47 closed sales, we are very similar to last year’s figures, but all this with almost 25% less inventory.

The Hobe Sound real estate market (zip code 33455) has an April absorption rate of 7 months, which is basically a balanced market.  A good and healthy report.

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

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

05.25.12 by

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

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

For April 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the March Market Snapshot data was unavailable)

There are currently 53 active listings. (Down 15 from March)

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

8 Condo Sold (Unchanged from March)

The Jensen Beach Condo market (zip code 34957)  is a fairly small segment of the Martin County condo market.  The current inventory has fallen to new lows with only 53 condos on the market.  Pending sales remain high and closed sales were unchanged from last month.   With an April absorption rate of 6.7 months, this is currently a balanced market.

Last April there were 61 active listings, 20 pending sales and 6 closed sales. Basically unchanged over the year.

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