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Martin County Florida Residential Market Report for July 2013

Commentary:

The Martin County Florida Residential Market for July 2013 continues to produce better results as compared to recent years. For July 2013, the inventory dropped below 1,000 homes for the first time since July of 2005. Hopefully, this is only a seasonal reaction to the market as we approach the slower selling season in this area of Florida. Should inventory levels remain this low, sales numbers will decline as buyers will have difficulty finding suitable housing. New home sales are one relief to this inventory issue and we currently have a number of builders and communities with new home offerings.

Both median and average sales prices declined in July from last month, but are still improved year to year. The one month absorption rate for July 2013 increased to 5.3 months (from 4.72 months in June), and the three-month average is 4.91 months. A 6 month absorption rate is considered to be a balanced market, so we continue to be in a sellers market in Martin County. It’s not unusual to see slower activity as we go into fall and the holiday season.

We’ve had a very good run in the market to date this year. There are a few storm clouds on the horizon, though. Mainly higher interest rates and a very uncertain economy. Recent issues with the quality of our rivers as well as rising flood insurance rates are also impacting our higher end sales in the county.

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

Clicking on the chart will produce a larger view.

The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

Data compiled from the Realtor Association of Martin County

Martin County Florida Residential Market Report for July 2013

the Gabe Sanders real estate team

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

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

08.23.13 by Gabe Sanders

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

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

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

There are currently 16 active condo listings. (Down by 3 condos from June)

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

5 Condos sold in July (Increased by 5 condos from June)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Sales increased to 5 units from 0 sales in July. Pending sales were off slightly while the inventory is shrinking to very, very small numbers.

The absorption rate for July is 3.2 months. A very strong sellers advantage for those in the Hobe Sound condo market.. Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The July 2012 numbers were: 28 active listings, 7 pending sales and 3 closed sales. Strong activity when compared to last year.

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

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

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

08.22.13 by Gabe Sanders

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

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

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

There are currently 238 active listings. ( Down by 10 homes from June)

96 Residential sales are pending and awaiting close (A decrease of 11 homes from June)

42 Homes Sold in July (Up by 5 homes from last month)

Closed sales were up for the Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County. After an increase of inventory in June, we’re back to lower numbers for July. Pending sales were also off slightly.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 decreased to 5.7 months. Back to a slight sellers market again. An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for July 2012 were: 279 active listings, 77 pending sales and 31 closed sales. Much better activity year to year for the Hobe Sound residential real estate market.

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

Search here for Hobe Sound Florida Real Estate for Sale

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

Jensen Beach Florida Market Report ZIP Code 34957 Condo July 2013

08.21.13 by Gabe Sanders

Jensen Beach Florida Market Report ZIP Code 34957 Condo July 2013

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

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

There are currently 31 active listings. ( No change from June)

19 Condo sales are pending and awaiting close or lender approval. (Down by 5 condos from June)

9 Condos Sold (An increase of 2 condos from June)

The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market. Current inventory is at an all time low (though unchanged from June). Pending sales were off slightly (not unexpected as the inventory is so low) while sales were up by two units.

The one month absorption rate for the July 2013, Jensen Beach Florida Market Report ZIP Code 34957 dropped to 3.4 months, signifying a shift to a strong sellers market. A balanced market is considered to be a 6 month absorption rate favoring neither the buyer or seller.

The July 2012 numbers were: 54 active listings, 23 pending sales and 5 condos closed. Even with considerably less available condos, 3013 activity continues to outperform 2012.

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

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Jensen Beach Florida Market Report ZIP Code 34957 Condo July 2013

Jensen Beach Florida Market Report ZIP Code 34957 Residential July 2013

08.20.13 by Gabe Sanders

Jensen Beach Florida Market Report ZIP Code 34957 Residential July 2013

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

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

There are currently 122 active listings. (An increase of 10 homes from last month)

72 Residential sales are pending and awaiting close or lender approval. (Down 3 home from June)

24 Homes Sold (Down by 7 homes from June)

The Jensen Beach residential real estate market, zip code 34957 eased a bit in July after an exceptionally good Spring and early Summer. Both pending and closed sales were off and the inventory rose.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 5.1 months. Which is still a seller’s market. A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The July 2012 numbers were: 113 active listings, 94 pending sales and 22 home sales closed. One of the few Martin County areas where inventory is greater this year than last. Also, fairly similar closed sales while a lower number of pending sales as compared to last year.

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

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Jensen Beach Florida Market Report ZIP Code 34957 Residential July 2013

Palm City Florida Market Report ZIP Code 34990 Condo July 2013

08.19.13 by Gabe Sanders

Palm City Florida Market Report ZIP Code 34990 Condo July 2013

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

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

There are currently 54 active condo listings. (Down by 4 condos from June)

9 Condo sales are pending and awaiting close or lender approval. (Decreased by 5 condos from last month)

6 Condos Sold in July. (Down 2 condos from June)

The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes. Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results. Both pending and closed sales were off this month compared to June as well as another month with decreasing inventory.

The current absorption rate for condos in the 34990 zip code area rose to 8.3 months. Drifting back into a buyers market, as a balanced market is considered to be an absorption rate of around 6 months.

The July 2012 numbers were: 62 active listings, 7 pending sales and 1 closed sales. Even with the significantly lower number of active condo listings, this year’s activity is much better.

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

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Palm City Florida Market Report ZIP Code 34990 Condo July 2013

Palm City Florida Market Report ZIP Code 34990 Residential July 2013

08.18.13 by Gabe Sanders

Palm City Florida Market Report ZIP Code 34990 Residential July 2013

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

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

There are currently 360 active listings (A decrease of 22 homes from June)

153 Residential sales are pending and awaiting close or lender approval. (A decrease of 9 homes from last month)

70 Homes Sold in July (Increased by 1 home from June)

The Palm City, zip code 34990, area of Martin County Florida continues to have impressive market activity. But, the inventory is getting to levels that are starting to effect year to year numbers. For the month, sales were up by 1 home while the pending sales decreased by 9.

The current absorption rate remained steady at 5.5 months, which still indicates a slight sellers market. A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The July 2012 numbers were: 416 active listings, 169 pending sales and 63 closed sales. Closed sales outperformed last years volume, but pendings are now off slightly. I expect slower activity if the inventory continues to drop.

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

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Palm City Florida Market Report ZIP Code 34990 Residential July 2013

Stuart Florida Market Report ZIP Code 34997 Condo July 2013

08.17.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34997 Condo July 2013

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

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

There are currently 80 active condo listings (An increase of 3 condos form June).

31 Condo sales are pending and awaiting close or lender approval (Down 1 condo from June).

12 Condos Sold in July (An increase of 4 condos from June).

A second slower month of activity for the Stuart condo market for the area in ZIP code 34997. Still, activity remains strong for the ‘off’ season for Florida. We need increased inventory for this market to get back to the fast pace we saw this spring.

The one month absorption rate dropped to 6.7 months. Very close to a balanced market. A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The July 2012 numbers were: 100 active listings, 28 pending sales and 13 closed sales. Similar activity as compared to last year. With a 20% lower inventory, these are good results.

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

Market Summary - Stuart Florida Market Report ZIP Code 34997 Condo July 2013

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

Stuart Florida Market Report ZIP Code 34997 Residential July 2013

08.16.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34997 Residential July 2013

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

There are currently 331 active listings (A decrease of 1 home from June).

166 Residential sales are pending and awaiting close or lender approval (A decrease of 6 home from June).

62 Homes Sold in July (Down 6 homes from June)

Activity eased for the second month in a row for the Stuart Florida Market Report ZIP Code 34997. Inventory remained basically unchanged while both pending and closed sales saw decreases. This is still a sellers market for now, but if this trend continues we will probably see a more balanced market in the next few months.

The current one month absorption rate rose to 5.3 months which still indicates a sellers market ( though it’s up from last months 4.9 month absorption rate). Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.

The 2012 numbers were: 330 active listings, 222 pending listings and 50 closed sales. Better closed activity this year, while pending sales are significantly lower. Unusually for this segment of the Stuart residential market, the inventory is similar to last year. (Most of our areas have reduced inventory this year as compared to last)

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

Market Summary - Stuart Florida Market Report ZIP Code 34997 Residential July 2013

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Stuart Florida Market Report ZIP Code 34997 Residential July 2013

Stuart Florida Market Report ZIP Code 34996 Condo July 2013

08.15.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34996 Condo July 2013

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

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

There are currently 176 active condo listings (Down 8 from last month).

32 Condo sales are pending and awaiting close or lender approval (An increase of 1 condo from June).

16 Condos Sold in July (Down by 1 from June)

Fairly consistent activity for the Stuart Florida Market Report ZIP Code 34996 for Condos for July 2013. Both pending and closed sales remained steady with only a 1 unit increase and decrease respectively. Another decrease in inventory, which is pretty normal as many condo owners feel that the summer market is not the prime time to sell condos. Though, history has proven this to be quite wrong, as the decreased competition normally results in much greater showing activity and a better chance of a sale.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo rose slightly to 11 months. Still a fairly significant buyers market for July of 2013. A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for July 2012 were: 190 active listings, 17 pending sales and 12 closed sales. Still doing considerably better this year as compared to last.

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:

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Stuart Florida Market Report ZIP Code 34996 Condo July 2013

Stuart Florida Market Report ZIP Code 34996 Residential July 2013

08.14.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34996 Residential July 2013

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

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

There are currently 126 active listings (Decreased by 27 homes from June).

44 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from June).

15 Homes Sold in July (Decreased by 6 homes from June).

In the 34996 zip code area of Stuart Florida real estate market activity for July 2013 there was a large drop in inventory for July. Whether sellers are taking a break for the summer or waiting for prices to increase, only time will tell. Closed sales were off slightly in July while we did have a small rise in pending sales.

The one month absorption rate for the 34996 zip code area of Stuart Florida for July rose to 8.4 months, remaining a buyer’s market. This figure should be dropping as the pending sales close in the coming months. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for July of 2012 were: 166 active listings, 28 pending sales and 11 closed sales. Considerably better activity this year as compared to last, especially when considering the lower number of available homes for sale.

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:

Search here for Stuart Florida Real Estate for Sale

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Stuart Florida Market Report ZIP Code 34996 Residential July 2013

Stuart Florida Market Report ZIP Code 34994 Condo, July 2013

08.13.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Condo, July 2013

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

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

There are currently 109 active condo listings (Decreased by 3 condo from June).

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

11 Condos Sold in July (Decreased by 6 condos from June).

We’re in the off season for the Stuart Condo market for zip code 34994. Surprisingly pending sales increased by 1 condo while closed sales decreased by 6 units. The inventory decline continues, by three condos this month. It is a fairly seasonal condo market and we often see inventory declines in the summer months with an expected increase in late fall as the snowbird season begins.

The one month absorption rate rose to to 9.6 months, once again a buyers market. Typically a real estate market is considered to be a balanced market with an absorption rate of 6 months. Meaning neither the buyers or sellers have an advantage in the real estate market.

Last July the numbers were 153 active listings, 30 pending sales, and 17 closed sales. Closed sales were off a little as compared to last year, but inventory is off by more than 30%, yet the pending numbers are considerably better.

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

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

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

Stuart Florida Market Report ZIP Code 34994 Residential July 2013

08.12.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential July 2013

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

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

There are currently 55 active listings (Up 1 from June).

29 Residential sales are pending and awaiting close or lender approval (Down 7 homes from June).

15 Homes Sold in June (Increased by 4 homes from June)

Closed sales were up by 4 homes in the 34994 ZIP code area of the Stuart, Florida. Available homes for sale (Inventory) rose by 1 unit. Pending sales dropped (second month in a row). With such a low inventory of available homes plus the off season, we can expect a little slower activity in this market. If the overall economy continues to improve and prices continue to rise, I will be expecting rising inventories as well for the coming season.

The one month absorption rate for the 34994 zip code for July dropped further to 3.7 months. signifying a strong sellers market. A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage. If you are contemplating placing your home up for sale in the 34994 zip code area of Stuart, FL, now is a good time. Please call me for details of why this is so.

The July 2012 numbers were 62 Active Listings, 53 pending sales and 16 closed sales. We’re doing well as compared to last year. The largest drop this year is in pending sales as the number of short sales are slowly being closed and taken off the market. These short sales have been inflating the pending numbers for the past couple of years.

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

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Stuart Florida Market Report ZIP Code 34994 Residential July 2013

Sewalls Point Residential Market Report July 2013

08.11.13 by Gabe Sanders

Sewalls Point Residential Market Report July 2013

Sewalls Point Real Estate Snapshot, Residential Sales for July 2013

There are currently 47 active listings (a decrease of 5 homes for sale from June)

7 Residential sales are pending and awaiting close or lender approval (Down 3 from last month)

3 Homes sold in June (A decrease of 5 homes from June)

The Sewalls Point residential real estate market for July 2013 eased off from the strong gains made in the first half of 2013. The inventory is down again to only 47 homes available for sale and both future (pending) sales as well as closed sales showed decreases from last month. Slower activity during the summer months is not an unexpected event, as we need to look at the trends for the entire year to get a true picture of the local real estate market.

The absorption rate jumped to 15.7 months. A strong buyers market. A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to July of 2012, the inventory was 56 homes on the market, 14 pending sales and there were 5 closed sales. Unfortunately, this year’s numbers are weaker than July 2012 results.

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

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Sewalls Point Market Report – Residential, July 2013

Martin County Florida Condo Market Report for June 2013

08.06.13 by Gabe Sanders

Martin County Florida Condo Market Report for June 2013

Commentary:

The Martin County Florida Condo Market for June 2013 was strong, though it retreated considerably from the excellent April numbers. 85 condos sold in June (compared to 128 in April). Better numbers, year to year, but not excellent. The inventory of available condos dropped again (fifth month in a row) to only 544 condos. This low number is beginning to effect prices and at long last it appears that condo prices are starting to rise. The median sales price was down compared to April, but this is a reflection of the larger number of lower priced condos that sold this month, rather than decreasing value. Summer is upon us and typically the condo market slows down during the summer months.

The one month absorption rate increased to 6.4 months from last months 4.46 months, while the three-month average is now at 5.71 months. Basically a balanced market for the time being. Generally an absorption rate of 6 or 7 months is considered a balanced market.

The low inventory rates and rising interest rates are troubling and could possibly have a negative effect on the condo market recovery.

Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Condo Market Report for June 2013

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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Martin County Florida Residential Market Report for June 2013

08.05.13 by Gabe Sanders

Martin County Florida Residential Market Report for June 2013

Commentary:

The Martin County Florida Residential Market for June 2013 continues to outpace recent years with continued strong sales activity. For June, we had a slight rise in inventory (to 1,015 units) which is a positive sign as we need inventory for this market to continue to improve. Closed sales increased from May and were also considerably better than last June’s numbers. All signs of a good healthy recovery.

Both median and average sales prices rose in June and are much improved over last year’s prices as indicated in the graphs below. The one month absorption rate for June 2013 decreased slightly to 4.72 months (from 4.74 months in May), and the three-month average stands at 4.66 months. A 6 month absorption rate is considered to be a balanced market, so we are officially in a a sellers market in Martin County. As late summer and fall approaches, we typically can expect a small decline in activity.

It appears that there is some improvement in the economy that is leading to a more positive outlook in consumer confidence. While there is still much room for improvement, we are currently trending in the right direction.

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

Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Residential Market Report for June 2013

the Gabe Sanders real estate team

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

For more information about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate

The Yacht and Country Club of Stuart August 2013 Market Report

08.01.13 by Gabe Sanders

The Yacht and Country Club of Stuart August 2013 Market Report

August 2013 Market Update:

There are 14 homes currently for sale in the Yacht and Country Club of Stuart. Listing prices are from $295,000 to $1,200,000. Of these homes, two are short sales. (Average of $181.18 per square foot of living area)

There are currently 8 homes under contract ranging in listing price from $127,000 to $432,600. Three of these homes are short sales and one is a bank owned foreclosure. (Average of $106.84 per square foot of living area)

38 homes have sold in the past 12 months. Ranging in sales price from $109,900 to $739,900. 3 of these homes were short sales and 4 were bank owned foreclosures. (the average sales price was $275,233 or $110.84 per sq. ft. of living area).

The Yacht and Country Club of Stuart, Florida Golf Course

One of the first gated golf communities in Martin County, the , Florida remains among the preeminent communities on Florida’s Treasure Coast for both the golf and yachting enthusiast. This fine gate guarded community boasts water front homes that are only minutes from the Saint Lucie inlet and the Atlantic Ocean. Easy access for day trips to the Bahamas and back and a true fisherman’s paradise.

The ‘Stuart’ golf course at the Yacht & Country Club of Stuart, Florida features a professional 18 hole course with 6,466 yards of golf from the longest tees for a par of 71 . The course rating is 71.2 and it has a slope rating of 125 on Bermuda grass. Driving range and putting greens are also provided at this club.

The clubhouse at the Yacht and Country Club of Stuart offers a professionally appointed fitness center with a a resident massage therapist. Tennis is provided by ix lighted Har-tru tennis courts and also residents are provided with two lighted croquet lawns.

There is a heated swimming pool open daily and water aerobics is offered on a weekly basis. The Yacht and Country Club of Stuart has a formal Dining Room that has earned itself a reputation as one of Stuart’s finest dining establishments. Also offered is the “Grill Room” for those who would like to enjoy a more casual dining experience.

Truly a wonderful place to call home.

Search here for available homes in the Yacht and Country Club of Stuart, Florida

The Yacht and Country Club of Stuart August 2013 Market Report

Danforth in Palm City July 2013 Market Report

07.26.13 by Gabe Sanders

Danforth in Palm City July 2013 Market Report

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

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

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

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

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

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

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Danforth in Palm City July 2013 Market Report

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

07.25.13 by Gabe Sanders

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Jensen Beach Florida Market Report ZIP Code 34957 Condo June 2013

07.24.13 by Gabe Sanders

Jensen Beach Florida Market Report ZIP Code 34957 Condo June 2013

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

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

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

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

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7 Condos Sold (Unchanged from May)

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

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

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

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

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