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February 2014 Monthly Market Detail Martin County Single Family Homes

February 2014 Monthly Market Detail Martin County Single Family Homes

The February 2014 Monthly Market Detail Martin County Single Family Homes continues with mostly positive news, though at a considerably reduced rate of appreciation and volume.  New pending sales were off by 30.4% as compared to February of 2013 (decreased by 18.8% in January).  The reduced number of pending sales are an possible indication of slower closed volume in the coming months. Year to year closed sales were up by 10.8% (was up 29.9% in January).

The median sales price was up by 5.7% from last year (up by 24.7% in January) while the average price dropped by 18.3% (was down by 8.5% last month).  The slowing rate of appreciation will help future sales as the fairly dramatic increases of last year simply priced to many buyers out of the market.

The inventory of available single family homes increased from January 2014 to 1,368 units this month, and this is a 10.3% increase from last February.  Current supply of inventory is only 7 months (a 9.6% decrease from last year).  If this trend continues we’ll be back into a buyers market in Martin County for single family homes next month.  Though indications of activity for March seem to be fairly positive.

Monthly Market Detail - February 2014 Martin County Single Family Homes

Click here to view or download the full report:  February 2014 Monthly Market Detail Martin County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

February 2014 Monthly Market Detail Martin County Single Family Homes

February 2014 Monthly Market Detail Florida Single Family Homes

February 2014 Monthly Market Detail Florida Single Family Homes

The February 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed some moderating activity for the state.    Year to year closed sales were up, but only by 1.5% (was up by 10.2% in January) and new sales under contract (new pending sales) decreased by 5.5% (was up by 0.7% in January).

Both median and average sales prices were up ( February 2013 to February 2014) by 10% and 11% respectively, compared to January’s 12.1% and 19.9%.   While still very positive numbers, the rate of appreciation appears to be slowing.

The inventory of available homes for sale increased by 13% from last year.  This is now the fifth month of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  I suspect that the reduced rate of increasing values and home sales are a direct result of the increasing inventory.  Currently, there are just not enough buyers to absorb this increase fully.

Florida Single Family Feb 2014

Click here to view or download the full report:
February 2014 Monthly Market Detail Florida Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

February 2014 Monthly Market Detail Florida Single Family Homes

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code February 2014

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code February 2014

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for February 2014

 For February 2014 in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 144 active listings. (Decreased by 5 homes from last month)

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code February 2014

 

82 Residential sales are pending and awaiting close or lender approval. (Up by 12 homes from January)Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code February 2014



 26 Homes Sold (Decreased by 7 homes from January)

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code February 2014

The February 2014 Jensen Beach residential real estate market, zip code 34957 showed good gains in activity for both pending and closed sales.   Inventory took a slight drop, but this is more a result of active listings going under contract rather than a real decrease.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 5.5  months (7.5 months in January).  Once again, back into a sellers market in Jensen Beach.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The February 2012 numbers were: 103 active listings, 87 pending sales and 17 home sales closed.   Compared to 2013, the Jensen beach single family market is performing better.
Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code February 2014 
 
 

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Rental Properties

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Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code February 2014

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for February 2014

 

For February 2014 in the 34990 Zip Code area of Palm City, Florida :



There are currently 63 active condo listings. (Up by 5 condos from January)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

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

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

6 Condos Sold in February. (Up by 4 condos from January)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

An improving market for the condo segment of the Palm City FL real estate market for zip code 34990. All activity moved in a positive direction in February.  But please keep in mind that this is a very small segment of the Palm City market as this area is primarily single family homes.  Trends are good to watch but a meaningful interpretation from monthly swings in values is difficult to determine.

The current absorption rate for condos in the 34990 zip code area dropped to 10.5 months (was 29 months in January).   A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
 
The February 2012 numbers were: 69 active listings, 7 pending sales and 4 closed sales.   Very similar activity as compared to last year.
Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

 

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Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

St Lucie County Single Family Home Sales 2013 Yearly Review

St Lucie County Single Family Home Sales 2013 Yearly Review

The St Lucie County Single Family Home Sales 2013 Yearly Review as reported by Florida Realtors indicates that Saint Lucie County had excellent market activity for single family homes throughout the year of 2013.  Unfortunately, not quite as strong as 2012 in terms of volume of sales.  Year to year closed sales were up by 7.5% (was up by 16.% in 2012) and new sales under contract (new pending sales) increased by 30.9% (was up by 44.7% in 2012).

St Lucie County Single Family Home Sales 2013 Yearly Review

Both median and average sales prices were up (2012 to 2013) by 20% and 13.4% respectively.   Showing strong gains in value.  These numbers were 5.3% and 1.8% respectively in 2012.  This large increase in values is why the rate of sales has fallen for 2013 as homes become more expensive and less affordable.

The inventory of available homes for sale increased by 11.9% from 2012 (When there was a 38.1% decrease).  While the months supply of homes increased slightly to 5.2 months from 5 months for 2012.  Still in a strong sellers market for Saint Lucie County.

To view the full report click on the graphic above or the link below:
St Lucie County Single Family Home Sales 2013 Yearly Review

To view the complete set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

St Lucie County Single Family Home Sales 2013 Yearly Review

Martin County Single Family Home Sales 2013 Yearly Review

Martin County Single Family Home Sales 2013 Yearly Review

The Martin County Single Family Home Sales 2013 Yearly Review as reported by Florida Realtors indicates just how strong the market performed in 2013 for the Martin County single family housing market.   Year to year closed sales were up by 19.5% (was up by 16.8% in 2012) and new sales under contract (new pending sales) increased by 36.7% (was up by 29% in 2012).

Martin County Single Family Home Sales 2013 Yearly Review

 

Both median and average sales prices were up (2012 to 2013) by 12.6% and 5.5% respectively.   Showing strong gains in value.  These numbers were 3.1% and 1.2% respectively in 2012.

The inventory of available homes for sale increased by only 2.7% from 2012.  While the months supply of homes decreased to 6.5.  Indicating a balanced market, where neither the seller or buyer has an advantage.

To view the full report click on the graphic above or the link below:
Martin County Single Family Home Sales 2013 Yearly Review

To view the complete set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Martin County Single Family Home Sales 2013 Yearly Review

Florida Single Family Home Sales 2013 Yearly Review

Florida Single Family Home Sales 2013 Yearly Review

The Florida Single Family Home Sales 2013 Yearly Review as reported by Florida Realtors shows that 2013 was a year of recovery for the Florida single family housing market.   Year to year closed sales were up by 11.8% (was up by 8.5% in 2012) and new sales under contract (new pending sales) increased by 17.6% (was up by 17.5% in 2012).

Florida Single Family 2013

 

Both median and average sales prices were up (2012 to 2013) by 15.9% and 11.6% respectively.   Showing strong gains in value.  These numbers were 8.6% and 7.3% respectively in 2012.

The inventory of available homes for sale increased by 11.9% from 2012.  While the months supply of homes remained steady at 5.5.  Indicating a seller’s market.

Click here to view or download the full report:
Florida Single Family Home Sales 2013 Yearly Review

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Florida Single Family Home Sales 2013 Yearly Review

January 2014 Monthly Market Detail St Lucie County Single Family Homes

January 2014 Monthly Market Detail St Lucie County Single Family Homes

January 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors closed out 2013 continues to show strong activity, though at a continued reduced pace that we first noticed in the last couple of months of 2013.  Closed sales from last year were up by 4.8% (in December they were down by 6.9%) and new sales under contract (new pending sales) decreased by 12.9% (they were down by 30% last month).

Both median and average sales prices were up (year to year) by 9.5% and 14.1% respectively from last January. 

January 2014 Monthly Market Detail St Lucie County Single Family Homes

The inventory of active listings rose in January (from last month) to 2247 homes, which is also an increase of 14.2% from last year.  Current supply of inventory is only 5.2 months (a 7.8% increase from last year).   Still a strong sellers market for Saint Lucie County single family homes for sale.  Though the pace is definitely moderating for the past 3 months.

Click here to view or download the full report:  January 2014 Monthly Market Detail St Lucie County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

January 2014 Monthly Market Detail St Lucie County Single Family Homes

January 2014 Monthly Market Detail Martin County Single Family Homes

January 2014 Monthly Market Detail Martin County Single Family Homes

The January 2014 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors began 2014 with mostly a positive start.  Only negative was that new pending sales were off by 18.8% from last year (increased by 9.5% in December).  Closed sales were up by 29.9% (was 17.8% in December).

The median sales price was up by 24.7% from last year while the average price dropped by 8.5%.  This is not an indication of rising or lowering values, but rather the mix of homes that have sold this month.   Generaly values are in fact rising at a fairly moderate pace overall, though individual locations will vary.

January 2014 Monthly Market Detail Martin County Single Family Homes

The inventory of available single family homes increased from December 2013 to 1,355 units, and this is an 8.3% increase from last January.  Current supply of inventory is only 6.9 months (a 9.6% decrease from last year).  We continue to be in a balanced market for residential sales in Martin County.  A continues strong market to begin 2014.

Click here to view or download the full report:  January 2014 Monthly Market Detail Martin County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

January 2014 Monthly Market Detail Martin County Single Family Homes

January 2014 Monthly Market Detail Florida Single Family Homes

January 2014 Monthly Market Detail Florida Single Family Homes

The January 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors began 2014 with all positive results as compared to the start of 2013.  Both closed and pending sales were up.   Year to year closed sales were up by 10.2% (was up by 8.6% in December) and new sales under contract (new pending sales) increased by 0.7% (was down by4.2% in December).

January 2014 Monthly Market Detail Florida Single Family Homes

Both median and average sales prices were up ( January 2013 to January 2014) by 12.1% and 19.9% respectively.   Very good results compared to the past few months when values increased, but at a much slower rate.

The inventory of available homes for sale increased by 15% from last year.  This is now the fourth month of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  We do need to watch that inventory levels don’t rise so much as to have a negative effect on prices (law of supply and demand).  It does appear that even with the increasing inventory the traffic for the new year is quite high and I expect some strong results for next month.

Click here to view or download the full report:
January 2014 Monthly Market Detail Florida Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

January 2014 Monthly Market Detail Florida Single Family Homes

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code January 2014

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code January 2014

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for January 2014

 For January 2014 in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 149 active listings. (Increased by 14 homes from last month)

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code January 2014

 

70 Residential sales are pending and awaiting close or lender approval. (Up by 19 homes from December)


Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code January 2014

 

20 Homes Sold (Decreased by 7 homes from December)

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code January 2014

The January 2014 Jensen Beach residential real estate market, zip code 34957 began the year with less closed sales than December, but also with a nice jump in pending sales indicating good future sales coming.   Also of interest, a good increase to the inventory, after many months of decreases.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 7.5  months (5 months in December).  Inching back into a slight buyers’ market.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The January 2012 numbers were: 122 active listings, 66 pending sales and 14 home sales closed.   Stronger activity this year, even with the lower closed sales from last month.  Inventory levels are also above last year.  With more choices of homes, I expect to see strong results this spring in the Jensen Beach single family real estate market.
 
Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code January 2014
 

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Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code January 2014

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for January 2014

 

For January 2014 in the 34990 Zip Code area of Palm City, Florida :



There are currently 58 active condo listings. (Down by 8 condo from December)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014


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

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014

2 Condos Sold in January. (Unchanged from December)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014

Little change from the end of last year for the condo segment of the Palm City FL real estate market.  Inventory was the only change and that was down even further.  This is a very small segment of the Palm City market as this area is primarily single family homes.  Trends are good to watch but a meaningful interpretation from monthly swings in values is difficult to determine.

The current absorption rate for condos in the 34990 zip code area dropped to 29  months with only 2 sales (was 33 months in December).   A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
 
The January 2012 numbers were: 69 active listings, 8 pending sales and 3 closed sales.   Better activity last year, but there were also more properties available.

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014

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Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014

December 2013 Monthly Market Detail St Lucie County Single Family Homes

December 2013 Monthly Market Detail St Lucie County Single Family Homes

December 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors closed out 2013 with some weaker than expected activity in terms on volume, though most other statistics are quite positive year to year.  Closed sales were  from last year were down by 6.9% (in November they were up by 3.3%) and new sales under contract (new pending sales) decreased by 30% (they were down by 23.9% last month).

Both median and average sales prices were up (year to year) by 19.2% and 12% respectively year to year. 

December 2013 Monthly Market Detail St Lucie County Single Family Homes

 

The inventory of active listings rose in December (from last month) to 2224 homes, also an increase of 11.9% from last year.  Current supply of inventory is only 5.2 months (a 4.1% increase from last year).   Still a strong sellers market for Saint Lucie County single family homes for sale.  Though the pace seems to be slacking a bit.

Please click on the links below to read the full Saint Lucie County single family market detail:

 

Click here to view or download the full report:
December 2013 Monthly Market Detail St Lucie County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

December 2013 Monthly Market Detail St Lucie County Single Family Homes

December 2013 Monthly Market Detail Martin County Single Family Homes

December 2013 Monthly Market Detail Martin County Single Family Homes

The December 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors showed a strong finish to the end of 2013. In fact, Martin County residential sales of single family homes has outperformed the state average for the second month in a row in volume.   Closed sales were up by 17.8% (was 33.8% in November) and new sales under contract (new pending sales) increased by 9.5% (decreased by 4% in November).

The median sales price was up by 7.2% from last year while unfortunately the average price took a steep hit at a decline of 24.1%.

December 2013 Monthly Market Detail Martin County Single Family Homes

The inventory of available single family homes decreased from November to 1253 units, but this is a 2.7% increase from last December.  Current supply of inventory is only 6.5 months (a 14% decrease from last year).  We continue to be in a balanced market for residential sales in Martin County.  Very positive results for our market.

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

 

Click here to view or download the full report:
December 2013 Monthly Market Detail Martin County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

December 2013 Monthly Market Detail Martin County Single Family Homes

December 2013 Monthly Market Detail Florida Single Family Homes

December 2013 Monthly Market Detail Florida Single Family Homes

The December 2013 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors ended the year with mostly positive results as compared to 2012.  Both closed and pending sales were off.   Year to year closed sales were up by 8.6% (was down by 1.2 % in November) and new sales under contract (new pending sales) decreased by 4.2% (was down by 5.9% in October).

December 2013 Monthly Market Detail Florida Single Family Homes

Both median and average sales prices were up (December 2012 to December 2013) by 11.4% and 3% respectively.   Not quite as much of an increase as in previous months this year, but those kinds of increases were unsustainable.

The inventory of available homes for sale increased by 11.9% from last year.  This is now the third month of increased inventory.  I’ve written in the past that I was expecting this increase which is a direct cause of the easing of the price increases as the supply expands.  It does appear that even with the increasing inventory the traffic for the new year is quite high and I expect some strong results for next month.

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

Click here to view or download the full report:
December 2013 Monthly Market Detail Florida Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

December 2013 Monthly Market Detail Florida Single Family Homes

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

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

 

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



There are currently 66 active condo listings. (Down by 1 condo from November)
Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

5 Condo sales are pending and awaiting close or lender approval. (Decreased by 1 condo from last month)Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

2 Condos Sold in December. (Up by 1 condo from November)Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

Slow activity for the end of the year for the condo segment of the Palm City FL real estate market.  However, this is a very small segment of the Palm City market as this area is primarily single family homes.  Trends are good to watch but a meaningful interpretation from monthly swings in values is difficult to determine.

The current absorption rate for condos in the 34990 zip code area dropped to 33  months with only 2 sales (was 67 months in November).   A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
 
The December 2012 numbers were: 63 active listings, 8 pending sales and 3 closed sales.   One of the few areas in Martin County where the 2012 market activity surpassed this year’s numbers.

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

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Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

November 2013 Monthly Market Detail St Lucie County Single Family Homes

November 2013 Monthly Market Detail St Lucie County Single Family Homes

The November 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors has moderated in the past couple of months as compared to last years activity.   Closed sales were up 3.3% from last year  (in October they were unchanged)  and new sales under contract (new pending sales) decreased by 23.9% (they were down by 6.9% last month).

Both median and average sales prices were up (year to year) by 13.6% and 18.7% respectively year to year. November 2013 Saint Lucie County Single Family

The inventory of active listings rose in November (from last month) to 2213 homes, still down by 14.1% from last year.  Current supply of inventory is only 5.1 months (a 14.1% decrease from last year).  We’re still in a seller’s market for the St. Lucie County single family market, but some easing appears to be in progress.  With the significant rise in prices as well as increasing mortgage rates, the current trend will continue to level.  I expect to see a balanced market for the near future with slower price increase.

Please click on the links below to read the full Saint Lucie County single family market detail:

 

Click here to view or download the full report:
November 2013 Monthly Market Detail St Lucie County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

November 2013 Monthly Market Detail St Lucie County Single Family Homes

November 2013 Monthly Market Detail Martin County Single Family Homes

November 2013 Monthly Market Detail Martin County Single Family Homes

The November 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors showed strong closed activity and a small weakening of pending activity. When compared to the results from the state of Florida, martin County is doing very well.   Closed sales were up by 33.8% (was 8.5% in October) and new sales under contract (new pending sales) decreased by 4% (Increase of 36.2% in October).

The median sales price was up by 5.2% from last year while unfortunately the average declined by 7.2%.November 2013 Martin County Single Family

The inventory of available single family homes increased this month to 1271 units but this is still down by 4.5% from last November.  Current supply of inventory is only 6.7 months (a 12.4% decrease from last year).  We are now in a balanced market for residential sales in Martin County.  Considering that this is typically the slower season for Martin County, I’m expecting a return to a sellers market once the holiday season is over.

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

 

Click here to view or download the full report:
November 2013 Monthly Market Detail Martin County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

November 2013 Monthly Market Detail Martin County Single Family Homes

November 2013 Monthly Market Detail Florida Single Family Homes

November 2013 Monthly Market Detail Florida Single Family Homes

The Florida real estate market showed some weakness for the November 2013 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors.  Both closed and pending sales were off.   Year to year closed sales were down by 1.2% (were up by 6.5 % in October) and new sales under contract (new pending sales) decreased by 5.9% (was up by 3.4% in October).

Florida Single Family

Both median and average sales prices were up (November 2012 to November 2013) by 13.3% and 7.1% respectively.   Not quite as much of an increase as in previous months this year, but those kinds of increases were unsustainable.

The inventory of available homes for sale increased by 10% from last year.  This is now the second month of increased inventory.  I’ve written in the past that I was expecting this increase which is a direct cause of the easing of the price increases as the supply expands. I would like to see the volume of closed sales be higher and with the current excellent economic news, I expect these numbers to go up soon.

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

Click here to view or download the full report:
November 2013 Monthly Market Detail Florida Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

November 2013 Monthly Market Detail Florida Single Family Homes

October 2013 Monthly Market Detail St Lucie County Single Family Homes

October 2013 Monthly Market Detail St Lucie County Single Family Homes

The October 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors has moderated in the past couple of months as compared to last years activity.   Closed sales were unchanged from last year  (in September they were up by 4.1%)  and new sales under contract (new pending sales) decreased by 6.9% (they were up by 12% last month).

Both median and average sales prices were up (year to year) by 29% and 24.6% respectively year to year. October 2013 Monthly Market Detail St Lucie County Single Family Homes

The inventory of active listings rose in October (from last month) to 2104 homes, still down by 8.1% from last year.  Current supply of inventory is only 4.9 months (a 18.3% decrease from last year).  For October 2013 this remains a strong sellers market in the St Lucie County area.  However with the significant rise in prices as well as increasing mortgage rates, the current trend appears to be leveling off as inventory also is starting to rebound.  I expect continued good activity for the Saint Lucie County single family market but I wouldn’t be surprised to see a moderation in the rising values.

Please click on the links below to read the full Saint Lucie County single family market detail:

 

Click here to view or download the full report:
October 2013 Monthly Market Detail St Lucie County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

October 2013 Monthly Market Detail St Lucie County Single Family Homes