Stuart Florida Market Report ZIP Code 34994 – Condo, September 2011

10.24.11 by

Stuart Florida Market Report ZIP Code 34994 – Condo, September 2011

Stuart Real Estate Snapshot for ZIP Code 3499, Condo Sales for September 2011

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

There are currently 132 active condo listings (Down 4 from August).

45 Condo sales are pending and awaiting close or lender approval. (Up 2 from last month)

18 Condos Sold in September (Up 2 units from August).

The Stuart condo market for the area in ZIP code 34994 showed a surprisingly strong September 2011 market activity.  All indexes moved in the right direction with lower inventory, higher pendings and sales.  This, even though, typically September is one of the slower months for condo sales in our area.

Sales were mixed both in the higher as well as lower price ranges.  Many buyers feel the bottom of the market is close or possibly already past and are taking advantage of some very good values.

With the height of the season to come, it will be interesting to see what happens!

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

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Stuart Florida Market Report ZIP Code 34994 – Condo, September 2011

Hobe Sound Florida Market Report ZIP Code 33455, Residential, September 2011

10.22.11 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, September 2011

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for September 2011

For September 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 348 active listings. ( Up 6 from August)

48 Residential sales are pending and awaiting close or lender approval (Down 6 from August)

21 Homes Sold in September (An decrease of 9 homes from last month)

The Hobe Sound real estate market (ZIP Code 33455) had a disappointing September.  All indexes reversed course and moved in the wrong direction, though not by significant numbers.  Inventory was up, and both pending and closed sales were down.

This increase in inventory may also be attributable to many sellers trying to time the market as well as a reaction from recent relatively good sales for the past spring and summer seasons.  Most efforts to time the market, especially when made in relatively large numbers become self-defeating as in this trying market, this increase in inventory may just drive the market a bit lower.

However, for buyers, especially those who can obtain financing, there hasn’t been a more attractive real estate market in decades.  There are some savvy buyers getting excellent deals for homes at prices equivalent to 10 or 11 years ago.

This will be an interesting season to watch!

Search here for Hobe Sound Florida Real Estate for Sale

Hobe Sound, FL Real Estate

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Stuart Florida Real Estate presented by:
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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, September 2011

Jensen Beach Florida Market Report ZIP Code 34957

10.20.11 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, September 2011

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for September 2011

For September 2011 in the 34957 Zip Code area of Jensen Beach, Florida :
There are currently 153 active listings. (A decrease of 3 from last month)

80 Residential sales are pending and awaiting close or lender approval. (An increase of 5 homes from August)

19 Homes Sold (Up 1 from August)

The Jensen Beach real estate market (ZIP Code 34957) is bucking the trend from the rest of Martin County.  While other sections of Stuart and Palm City showed increasing inventories, decreases in pending sales as well as completed sales, Jensen Beach showed gains across the board. This is a very strong result as often during the early fall we see a decrease in sales and contracts while many homeowners in a misguided attempt to time the market put their homes on the market in an attempt to capture the seasonal shopper. We hope to see a strong winter for the Jensen Beach real estate market.

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, September 2011

Palm City Florida Market Report ZIP Code 34990 – Residential, September 2011

10.19.11 by

Palm City Florida Market Report ZIP Code 34990 – Residential, September 2011

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for September 2011

For September 2011 in the 34990 Zip Code area of Palm City Florida :

There are currently 482 active listings (An increase of 16 homes from August)

124 Residential sales are pending and awaiting close or lender approval. (Down 15 from last month)

49 Homes Sold in September (An increase of 7 homes from August)

The good news for the Palm City (ZIP Code 34990) real estate market report is that sales were up from the previous month.  Unfortunately, we also had an increase in inventory and a decrease in pending sales.  Whether this is a seasonal effect or a future trend remains to be determined.

This increase in inventory may also be attributable to many sellers trying to time the market as well as a reaction from recent relatively good sales for the past spring and summer season.  Most efforts to time the market, especially when made in relatively large numbers become self-defeating as in this trying market, this increase in inventory may just drive the market a bit lower.

However, for buyers, especially those who can obtain financing, there hasn’t been a more attractive real estate market in decades.  There are some savvy buyers getting excellent deals for homes at prices equivalent to 10 or 11 years ago.

This will be an interesting season to watch!

Search here for Palm City Florida Real Estate for Sale

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Palm City Florida Market Report ZIP Code 34990 – Residential, September 2011

Martin County Florida Condo Market Report for September 2011

10.19.11 by

Martin County Florida Condo Market Report for September 2011

Commentary:

The Martin County Florida condo market report for September 2011 shows generally negative results from last month as well as last year.  About the only good news was a slightly higher median sales price from September 2010.  Unfortunately, we’ve seen the inventory climb (although by relatively modest numbers).  It’s too early to tell if this is a new trend or just a seasonal fluctuation which often happens as sellers try to take advantage of a more active winter season in Martin County.

With the increased inventory and the reduced sales, our current one-month absorption rate is now over 15 months, swinging back into a pretty strong buyers market.  This will result in more downward pressure on sales prices and I don’t expect any improvement any time in the near future for those wishing to sell their home.

The big uncertainty remains, which 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.

Condo Market Report for September 2011 in Martin County, Florida

the Gabe Sanders real estate team

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

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Stuart Florida Market Report ZIP Code 34994 – Residential, September 2011

10.18.11 by

Stuart Florida Market Report ZIP Code 34994 – Residential, September 2011

Stuart Real Estate Snapshot for ZIP Code 3499, Residential Sales for September 2011

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

There are currently 71 active listings (Down 13 from August).

36 Residential sales are pending and awaiting close or lender approval (Up 9 from  August).

7 Homes Sold in September (Up 2 from August)

The 34994 ZIP code area of Stuart is bucking the trend from the rest of Martin County.  While other sections of Stuart showed increasing inventories, decreases in pending sales as well as completed sales, this area of Stuart showed gains across the board. Only one sale was in the medium price range of $400,000’s while the others were under $150,000.  However, some fairly high-priced pending sales awaiting close that we can hopefully report on next month.  The average list-to-sales ratio is a little weak compared to past values at 90% ( or in other words the average sales price is 90% of the listing price). The average days on market also remain a bit high at 217 days.

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Stuart Florida Market Report ZIP Code 34994 – Residential, September 2011

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Martin County Florida Residential Market Report for September 2011

10.18.11 by

Martin County Florida Residential Market Report for September 2011

Commentary:

The Martin County Florida residential market report for September 2011 shows some negative results from last month.  Still slightly higher sales rate from September 2010, and also a bit higher average sales price (though the median sales price was down for September).  Unfortunately for the second month in a row, we’ve seen the inventory climb (although by relatively modest numbers).  It’s too early to tell if this is a new trend or just a seasonal fluctuation which often happens as sellers try to take advantage of a more active winter season in Martin County.

With the increased inventory and the reduced sales, our current one-month absorption rate is just under 12 months, swinging back into a pretty strong buyers market.  This will result in more downward pressure on sales prices and I don’t expect any improvement any time in the near future for those wishing to sell their home.

The big uncertainty remains, which 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.

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

Residential Market Report for September 2011 in Martin County, Florida

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, visit our website or call us at (772) 888-2885.
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Stuart Florida Market Report ZIP Code 34996 – Residential, September 2011

10.17.11 by

Stuart Florida Market Report ZIP Code 34996 – Residential, September 2011

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for September 2011

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

There are currently 177 active listings (Up 17 from August).

23 Residential sales are pending and awaiting close or lender approval (down 5 from August).

12 Homes Sold in September (up 3 from August).

Other than a small rise in sales of 3 homes from August, the 34996 ZIP Code area of Stuart Florida showed an increase in inventory as well as a decrease in pending sales.  How much of this is seasonal as opposed to a reflection of the economy remains to be determined. This increase in inventory may also be attributable to many sellers trying to time the market as well as a reaction from recent relatively good sales for the past spring and summer seasons.  Most efforts to time the market, especially when made in relatively large numbers become self-defeating as in this trying market, this increase in inventory may just drive the market a bit lower. However, for buyers, especially those who can obtain financing, there hasn’t been a more attractive real estate market in decades.  There are some savvy buyers getting excellent deals for homes at prices equivalent to 10 or 11 years ago.This will be an interesting season to watch!

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Stuart Florida Market Report ZIP Code 34996 – Residential, September 2011

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Stuart Florida Market Report ZIP Code 34997 – Residential, September 2011

10.16.11 by

Stuart Florida Market Report ZIP Code 34997 – Residential, September 2011

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for September 2011

There are currently 503 active listings (an increase of 19 from August).

181 Residential sales are pending and awaiting close or lender approval (Unchanged from August).

60 Homes Sold in August (Up 4 from August)

Little change in pending and sales numbers for the 34997 Zip code area of Stuart Florida.  Sales up slightly and pending sales (sales under contract but not yet closed) are unchanged.  The most noticeable statistic in this Stuart Florida market report is that the inventory rose by 19 homes.  This is the first increase in quite some time. This increase in inventory is also attributable to many sellers trying to time the market as well as a reaction from recent relatively good sales for the past spring and summer seasons.  Most efforts to time the market, especially when made in relatively large numbers become self-defeating as in this trying market, this increase in inventory may just drive the market a bit lower. However, for buyers, especially those who can obtain financing, there hasn’t been a more attractive real estate market in decades.  There are some savvy buyers getting excellent deals for homes at prices equivalent to 10 or 11 years ago.

This will be an interesting season to watch!

Search here for Stuart Florida Real Estate for Sale

Stuart, FL Real Estate

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Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34997 – Residential, September 2011

Sewalls Point Market Report – Residential, September 2011

10.14.11 by

Sewalls Point Market Report – Residential, September 2011

Sewalls Point Real Estate Snapshot, Residential Sales for September 2011

There are currently 53 active listings (an increase of 16 homes for sale from August)

9 Residential sales are pending and awaiting close or lender approval (Down 4 from August)

4 Homes sold in September (unchanged from August)

In September of 2011, 4 homes were sold in Sewalls Point. No change from August. This includes one $4,000,000 plus, sale for a beautiful waterfront home. September showed a marked increase in inventory which turned around a long trend of decreasing inventory.  The extra supply will have a negative effect on this local hypermarket and will most likely depress prices for the coming months, unless there is enough demand to reduce the inventory.  As our winter season approaches, we may very well have more increased inventory as the season for snowbirds (seasonal residents) and retirees becomes more active.

This increase in inventory is also attributable to many sellers trying to time the market as well as a reaction from recent relatively good sales for the past spring and summer seasons.  Most efforts to time the market, especially when made in relatively large numbers become self-defeating as in this trying market, this increase in inventory may just drive the market a bit lower.

However, for buyers, especially those who can obtain financing, there hasn’t been a more attractive real estate market in decades.  There are some savvy buyers getting excellent deals for homes at prices equivalent to 10 or 11 years ago.

This will be an interesting season to watch!

Search here for Sewalls Point Florida Real Estate for Sale

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

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Sewalls Point Market Report – Residential, September 2011

Sewalls Meadow in Sewalls Point, Florida

10.12.11 by

Sewalls Meadow in Sewalls Point, Florida

Sewalls Meadow in Sewalls Point, Florida is an exclusive enclave of only 22 homes in South Sewalls Point, just to the north of High Point (the southern tip of the Sewalls Point peninsula).  Most home sites are on larger half-acre lots with homes ranging in size from 2,600 sq. ft. of living area to over 4,000 sq. ft.

There are two undeveloped lots remaining in Sewalls Meadow, with a home to be built on one commencing in the fall of 2011.  Homes in this neighborhood are difficult to come by and only occasionally come on the market.

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Sewalls Meadow in Sewalls Point, Florida

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Windstone in Palm City

10.09.11 by

Windstone in Palm City

Formerly known as Rivers End and now re-named to Windstone. Featuring spacious waterfront homes, Windstone in Palm City is a safe and peaceful gated community in Palm City that has gorgeous views of Florida nature preserves around nearly every home.

Larger lot sizes of half an acre and more in these newer homes are the rule.  The neighborhood itself is very un-crowded with only 110 existing homes.  Some vacant lots are still available for purchase for those wishing to build their dream home in Windstone in Palm City, one of the premier neighborhoods in one of the best cities in Martin County!

Windstone in Palm City is within close range to “A” rated school, I-95 and Florida’s turnpike making this a great place for locals or commuters to call home!

Search the MLS for Windstone Homes for Sale

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Windstone in Palm City

Another Pierpoint Yacht Club Condo in Stuart Florida – Sold

10.04.11 by

Another Pierpoint Yacht Club Condo in Stuart Florida – Sold

 Building A Suite 113

Located in the heart of Stuart and on the shores of the wide Saint Lucie River, the Pierpoint Yacht Club Condominiums is the premier adult community in Stuart, Florida. An extremely well-maintained complex of 8 buildings, some of which have magnificent water views.

Pierpoint has docks with boat slips for rent as available. Also on this dock is a fishing station and benches for all Pierpoint residents to enjoy and use. Stuart enjoys some of the finest fishing conditions in all of Florida and the east coast.

On the shores of the Saint Lucie River, Pierpoint has a large and active clubhouse with a full kitchen available for members and special occasions. Adjacent to the clubhouse is one of two heated pools, a billiard room, a reading library and shuffleboard courts. There’s an outdoor lounge for sipping cocktails right on the shores of the wide Saint Lucie River. Lots of green space and ample parking complement this wonderful community.

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Another Pierpoint Yacht Club Condo in Stuart Florida – Sold

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Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Condo Sales for August 2011

09.30.11 by

Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Condo Sales for August 2011

For August 2011 in the 33455 Zip Code area of Hobe Sound, Florida :
(Due to technical difficulties the July Market Snapshot data was unavailable)

There are currently 42 active condo listings. (Up 1 from last June)

6 Condo sales are pending and awaiting close or lender approval. (Down 4 from June)

There were 3 sales. (Up 2 units from June)

The condo market for zip code 33455 in Hobe Sound is a fairly small market segment and showed minimal changes this summer. This is actually fairly positive news as we typically see less activity for the summer and early fall months in the more seasonal-driven condo segment of the Martin County real estate market. As long as we don’t have a flood of seasonal listings come on the market this fall, this should bode well for sales this coming season (assuming we don’t have continued terrible economic news as well).

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Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Condo Sales for August 2011

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Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34957, Condo Sales for August 2011

09.29.11 by

Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34957, Condo Sales for August 2011

For August 2011 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the July Market Snapshot data was unavailable)

There are currently 51 active listings. (Down 10 from June)

15 Condo sales are pending and awaiting close or lender approval. (Down 2 from June)

5 Condos Sold (Unchanged from June)

The condo market for zip code 34957 in Jensen Beach saw no change in the number of closed units for August.  This is somewhat better than expected as the condo market tends to be more seasonal in nature and typically slows down until the beginning of the Florida vacation season, which is normally around and after the holidays.  The inventory further decreased which is a good sign as there is less supply of available units. Unfortunately, there is the possibility of an increase in seasonal listings coming on the market this fall, which could further dilute prices for sales this coming season.

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Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34997, Condo Sales for August 2011

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Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Condo Sales for August 2011

09.27.11 by

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Condo Sales for August 2011

For August 2011 in the 34990 Zip Code area of Palm City, Florida :
(Due to technical difficulties the July Market Snapshot data was unavailable)

There are currently 52 active condo listings. (Down 4 from June)

5 Condo sales are pending and awaiting close or lender approval. (Down 2 from last June)

4 Condos Sold in August. (An increase of 1 condo from June)

The condo market for zip code 34990 in Palm City showed small positive results for the month of August. This is unexpected as the condo market tends to be more seasonal in nature and typically slows down until the beginning of the Florida vacation season, which is usually around and after the holidays.  As long as we don’t have a flood of seasonal listings come on the market this fall, this should bode well for sales this coming season (assuming we don’t have continued terrible economic news as well).

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Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Condo Sales for August 2011

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34997, Condo Sales for August 2011

09.26.11 by

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34997, Condo Sales for August 2011

For August 2011 in the 34997 Zip Code area of Stuart, Florida :
(Due to technical difficulties the July Market Snapshot data was unavailable)

There are currently 107 active condo listings (An increase of 8 units from June).

16 Condo sales are pending and awaiting close or lender approval (Down 11 from June).

9 Condos Sold in June (Up 1 from June).

The condo market for zip code 34997 in Stuart saw a small decrease in closed units for August.  This is somewhat expected as the condo market tends to be more seasonal in nature and typically slows down until the beginning of the Florida vacation season, which is normally around and after the holidays.  Bucking the trend for the rest of the Stuart area, inventory went up by 8 units. A greater supply of inventory creates increased pressure for lower prices in the market.  There’s also the possibility of an increase in seasonal listings coming on the market this fall, which could further dilute prices for sales this coming season.

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34997, Condo Sales for August 2011

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for August 2011

09.25.11 by

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for August 2011

For August 2011 in the 34996 Zip Code area of Stuart, Florida :
(Due to technical difficulties the July Market Snapshot data was unavailable)

There are currently 192 active condo listings (down 15 from last June).

29 Condo sales are pending and awaiting close or lender approval (An increase of 8 from June).

12 Condos Sold in August (Down 18 units from June)

The condo market for zip code 34996 in Stuart saw a marked decrease in closed units for August.  This is expected as the condo market tends to be more seasonal and typically slows down until the beginning of the Florida vacation season, which is usually around and after the holidays.  The good news is that the inventory has continued to decline, which makes the selection of condos more restricted and typically influences increased demand.  As long as we don’t have a flood of seasonal listings come on the market this fall, this should bode well for sales this coming season (assuming we don’t have continued terrible economic news as well).

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for August 2011

Stuart Florida Real Estate presented by:
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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for August 2011

09.24.11 by

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for August 2011

For August 2011 in the 34994 Zip Code area of Stuart, Florida :
(Due to technical difficulties the July Market Snapshot data was unavailable)

There are currently 136 active condo listings (Down 12 from June).

43 Condo sales are pending and awaiting close or lender approval. (a decrease of 1 from June)

16 Condos Sold in August (Up 3 units from June).

The condo market for zip code 34994 in Stuart showed positive results for the month of August.  This is unexpected as the condo market tends to be more seasonal and typically slows down until the beginning of the Florida vacation season, which is usually around and after the holidays.  As long as we don’t have a flood of seasonal listings come on the market this fall, this should bode well for sales this coming season (assuming we don’t have continued terrible economic news as well).

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

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for August 2011

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Stuart Florida Real Estate presented by:
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Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for August 2011

09.23.11 by

Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for August 2011

For August 2011 in the 33455 Zip Code area of Hobe Sound, Florida :
(August data is compared to June since there was a problem compiling July data)

There are currently 342 active listings. ( down 36 from June)

54 Residential sales are pending and awaiting close or lender approval (Down 18 from June)

30 Homes Sold in August (An decrease of 8 from June and the same for July – 30 homes sold)

Inventory levels for the Hobe Sound real estate market continue to decrease and are coming close to pre-bubble levels.  Unfortunately, both sales and pending sales are off slightly.  With the latest poor economic news as well as a seeming political deadlock in Washington, consumer confidence has once again dropped and we are seeing a marked decrease in sales in the mid to upper range in the Martin County real estate market.

Not many foreclosure sales of any significance have come on the market. Short sales continue to be numerous but for the most part, the lenders are cooperating much more aggressively and they seem to be closing quicker and with greater frequency.

With any uptick in the economic news, there should be a pretty good run on residential real estate as there is some pent-up demand with homes being at historically affordable levels.  If this demand is not met with increasing inventory levels, prices should remain steady and could rise a little for the most attractive properties.

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Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for August 2011

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Stuart Florida Real Estate presented by:
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