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Martin County Florida Condo Market Report for March 2013

05.05.13 by

Martin County Florida Condo Market Report for March 2013

 

Commentary:

The Martin County Florida Condo Market for March 2013 also showed excellent activity for March of 2013.  After disappointing results from much of the fall season, sales numbers for March were up to 84 units.  The last March that had a higher sales volume was back in 2005.  The inventory continues to decline.  Now down to 582 condos (Down 69 units from March of 2012).  This is the third month of decreasing inventory after 3 months of increases.  The median sales price jumped dramatically to $142,500 from $88,250 last month (and 103,500 in March of 2012).   While the median list price rose modestly to $189,450.  These numbers are a little misleading as it appears that prices have stabilized in the condo market.  There have been a relatively greater number of lower priced condos sold which is driving the median sales prices down.  As the inventory continues to decrease, pressure will be on for prices to rise.

The one month absorption rate dipped to 6.93 months from last months 9.15 months, while the three-month average is now at 9.5 months.  A considerably improved condo market after many years of stagnant results.  We are now very close to a balanced market  for condos in Martin County.  Generally an absorption rate of 6 or 7 months is considered a balanced market.

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

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Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Condo Market Report for March 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 March 2013

05.04.13 by

Martin County Florida Residential Market Report for March 2013

 

Commentary:

The Martin County Florida Residential Market Report for March 2013 showed very strong sales activity for the month.  In fact, the highest unit volume since 2004.  And this with a lower number of available homes as well.  In fact, our inventory levels are approaching numbers that may have a negative effect on sales volume in the upcoming months.  Many prospective buyers may not be able to find homes that fit their needs.

Average prices were up for March, while the median declined. This is an indication of a greater volume of lower priced sales with a few higher priced homes in the mix as well.  The inventory of available homes dropped over 100 homes from February.    The one month absorption rate for March 2013 decreased to 4.38 months, and the three-month average is down to 6.45 months.  A 6 month absorption rate is considered to be a balanced market, so we are going into a sellers market in Martin County.

Activity is remained strong for April.  Positive economic news as well as continued low interest rates continue to drive buyers into the market.  We continue to be in a very attractive market for buyers.  Sellers can also expect to see good value in the sale of their homes as compared to the past few years.

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

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

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Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Residential Market Report for March 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:

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April 2013 Market Report for Osprey Cove in Hobe Sound

04.29.13 by

April 2013 Market Report for Osprey Cove in Hobe Sound

There are currently 6 homes for sale in Osprey Cove in Stuart, FL.  Listing prices range from $499,000 to $694,900 for an average price per square foot of living area of $211.86.

There are no homes currently under contract in Osprey Cove.

In the past 12 months, 3 homes have sold with sales prices ranging from $205,000 to $369,000 at an average of $165.94 per sq. ft. of living area.

April 2013 Market Report for Osprey Cove in Hobe Sound

 

Osprey Cove in Hobe Sound, Florida is a waterfront community off of Gomez Avenue in the vibrant Hobe Sound area of Martin County, Florida.  It is also known as the Osprey Cove Yacht Club and boasts 32 deep water boat slips just off the Intracoastal Waterway.  There are only 86 homes in this gated community that broke ground in late 2000 with homes being completed from 2000 through 2006.   Homes range in size from 3 bedroom, 3 bathroom, 2 car garage homes of 2,230 sq. ft. to 5 bedroom, 4 and 1/2 bathroom, 3 car garage pool homes of over 4,000 sq. ft. of living area.  There’s also a community pool and tennis court available to all residents.

April 2013 Market Report for Osprey Cove in Hobe Sound

For boaters, the docks are approximately 5 miles from the Saint Lucie Inlet of Martin County and just under 10 miles from the Jupiter Inlet in Palm Beach County.  All Osprey Cove residents enjoy easy access to shopping, restaurants and the pristine beaches of Jupiter Island in Martin County.

For families, the Martin County School District is one of the highest rated in Florida and children attend the Hobe Sound elementary school, Murray middle school and South Fork high school.  There are also a number of excellent private schools located nearby, including the Pine School.

April 2013 Market Report for Osprey Cove in Hobe Sound

You can find additional information at the Osprey Cove in Hobe Sound Homeowner’s Association web page.

April 2013 Market Report for Osprey Cove in Hobe Sound

For any questions you may have about Osprey Cove in Hobe Sound, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Residential Homes, Condos and Land
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April 2013 Market Report for Osprey Cove in Hobe Sound

April 2013 Market Report for Legacy Cove in Stuart Florida

04.28.13 by

April 2013 Market Report for Legacy Cove in Stuart Florida

There are currently 10 homes for sale (including new construction from D.R. Horton) in Legacy Cove in Stuart, FL.  Listing prices range from $265,000 to $459,000 for an average price per square foot of living area of $139.12.

There are five homes under contract awaiting settlement priced from $290,000 to $413,130 for an average of $130.48 per sq. ft. of living area.

In the past 12 months, 13 homes have sold with sales prices ranging from $205,000 to $369,000 at an average of $121.03 per sq. ft. of living area.

Legacy Cove in Stuart FL

Legacy Cove in Stuart Florida is a gated lakeside community of 229 homes off of Cove Road in Stuart, Florida.  Legacy Cove consists of two sections. The first section of 142 homes called the Cove Isle development was mostly completed between 2004 and 2005.  The newer section, called the Cove Lakes development consists of 87 home sites with construction that began in 2007.  Some homes are yet to be completed in Cove lakes.

Legacy Cove in Stuart FL

There’s a wide variety of homes in Legacy Cove, ranging for the smallest, a 3 bedroom, 2 bathroom, 2 car garage with a little under 1,600 square feet of living area to  4, possible 5 bedroom, 3 and a 1/2 bathroom, 3 car garage two story homes with almost 4,000 square feet of living area.  And many sizes in between.

Legacy Cove in Stuart FL

Legacy Cove boasts a community pool and club house with a fitness center as well as two hard surfaced tennis courts.  Many homes in Legacy Cove in Stuart Florida have serene lake views and a comfortable private feeling.  Located just minutes from I-95, this is a great location for those wishing to take advantage of Martin County’s amenities while still having an easy commute to work either north or south.

Legacy Cove in Stuart FL

Legacy Cove is in an ‘A’ Martin County school system with children currently attending Pinewood elementary school, Dr. David L Anderson middle school and Martin County high school.

Legacy Cove in Stuart FL

The HOA fees are very reasonable at $688.00 per quarter.  Management of the community is through Bristol Management of Stuart.

Residents of Legacy Cove in Stuart Florida enjoy a relaxing life style with easy access to restaurants, shopping and the many waterways, beaches and public parks that Martin County has to offer.

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April 2013 Market Report for Legacy Cove in Stuart Florida


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

04.27.13 by

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

 

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

 

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

 

There are currently 22 active condo listings. (Up by 4 condos from February)

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9 Condo sales are pending and awaiting close or lender approval. (Unchanged from February)

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2 Condos sold in March (Down 2 from February)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  We had a small increase in inventory making the number of available condos go up to 22.  Sales were off and pending sales remained unchanged.

The one month absorption rate jumped to 11months, signifying a return to a buyer’s market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. 

The March 2012 numbers were:  38 active listings, 7 pending sales and 5 closed sales.  Difficult to make comparisons from last year with such a small sampling of available units.  When inventory differences are accounted for, closed sales are very similar.


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

 

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

04.26.13 by

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

 

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

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

 

There are currently 249 active listings. ( An increase of 5 homes from February)

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100 Residential sales are pending and awaiting close  (A decrease of 9 homes from February)

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45 Homes Sold in March (Up 17 homes from last month)

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Strong sales activity for the Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County.  Inventory levels remain low, but did increase slightly for this month.  Pending sales were off for March.  With such low numbers of available homes on the market, activity might slow in the coming summer months.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 5.4 months.  Now a slight seller’s market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for March 2012 were:  323 active listings, 104 pending sales and 49 closed sales.   Considering the reduced inventory as compared to 2012, the market activity continues to improve.

 

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

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, March 2013

04.25.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, March 2013

 

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

 

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

There are currently 54 active listings. ( A decrease of 6 condos from February)

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28 Condo sales are pending and awaiting close or lender approval. (Down by 3 condos from February)

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13 Condos Sold (Increased by 4 condos from February)

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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 almost all time low.   Closed sales showed a good improvement for March.   Pending sales were off slightly.

The one month absorption rate for the March 2013, Jensen Beach Florida Market Report ZIP Code 34957 is 4.2 months.   This is now a seller’s market in Jensen Beach for condos.  Typically, a 6 month absorption rate is considered balanced, favoring neither the buyer or seller.

The March 2012 numbers were: 68 active listings, 26 pending sales and 8 condos closed.  Still a good showing for March 2013 when the lower inventory levels are considered.


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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, March 2013

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, March 2013

04.23.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, March 2013

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

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

 

 There are currently 119 active listings. (Up by 16 homes from last month)

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86 Residential sales are pending and awaiting close or lender approval. (Down 1 home from February)

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25 Homes Sold (Up by 8 homes from February)

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The Jensen Beach residential real estate market, zip code 34957 for March had very positive activity.   Inventory increased by a fair amount for march.  Sales were up and pending sales while off by one unit remain strong.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 4.8 months, a seller’smarket.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The March 2012 numbers were: 124 active listings, 102 pending sales and 36 home sales closed.  With inventory levels lower, our real estate activity is starting to suffer in Jensen beach as compared to last year.

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, March 2013

Palm City Florida Market Report ZIP Code 34990 – Condo, March 2013

04.22.13 by

Palm City Florida Market Report ZIP Code 34990 – Condo, March 2013

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

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



There are currently 63 active condo listings. (Down by 6 condos from February)

9 Condo sales are pending and awaiting close or lender approval. (Increased by 2 condos from last month)

5 Condos Sold in March. (Up by 1 condo from February)

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.  For March, the Palm City condo market activity had a small decrease in an already small inventory.  Sales were up and pending sales were also up.
The current absorption rate for condos in the 34990 zip code area is 13.8 months.  A very strong buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.
The March 2012 numbers were: 66 active listings, 2 pending sales and 3 closed sales.   Even with such small numbers, a considerably better performance in 2013 as opposed to last year.

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Palm City Florida Market Report ZIP Code 34990 – Condo, March 2013

April 2013 Market Report Lake Tuscany in Stuart Florida

04.18.13 by

April 2013 Market Report Lake Tuscany in Stuart Florida

As of April 18 2013, there are 6  homes available for sale with listing prices from $334,000 to $469,000 at an average price per square foot of living area of $135.41.

One home is pending and awaiting close.  The home was offered for $437,000 or $100.16 per sq. ft.

In the past 12 months, 5 homes have sold in Lake Tuscany ranging in sales price from $230,000 to $400,000 at an average of $98.22 per sq. ft. of living area.

April 2013 Market Report Lake Tuscany in Stuart Florida is a newer subdivision just to the west of I-95 in Martin County, Florida.  The homes in Lake Tuscany were mostly completed between 2004 to 2005.  This attractive subdivision is set up with a gated entrance and all 98 homes in Lake Tuscany are on Panther Trace which makes a large circle around the lake in the center.  Homes range from 3 Bedroom, 3 Bath or 4 BR 2 Baths of around 2100 sq. ft. of living area to spacious 6 Bedroom, 4 Bathroom 2 story homes with lofts and theater rooms with pools by the lakeside along with 3 car garages.  All are high quality homes built by local builder Mercedes Homes.

Lake Tuscany boasts lush landscaping and very reasonable Home Owner’s Association fees of $398 per quarter.  These fees cover security, the common areas and lake upkeep, basic cable, trash collection and front landscaping.  The Lake Tuscany property owners web site is located at this site.

Families in Lake Tuscany enjoy Martin County’s ‘A’ rated schools in the following schools: Crystal Lake Elementary, David L Anderson Middle School and South Fork High School.  Shopping is only minutes away and there’s easy access to Martin County’s waterways and just a short drive to the many public beaches.

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For any questions you may have about April 2013 Market Report Lake Tuscany in Stuart Florida, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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April 2013 Market Report Lake Tuscany in Stuart Florida

 

Palm City Florida Market Report ZIP Code 34990 – Residential, March 2013

04.18.13 by

Palm City Florida Market Report ZIP Code 34990 – Residential, March 2013

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

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

 

There are currently 398 active listings (A decrease of 10 homes from February)

180 Residential sales are pending and awaiting close or lender approval. (A decrease of 21 homes from last month)

68 Homes Sold in March (Decreased by 5 homes from February)

For the Palm City, zip code 34990, area of Martin County Florida the residential market activity showed some mixed results for spring.  Sales doubled for the month (after two months of decreased sales activity).  Pending sales were off after a strong month in February.  The inventory decreased again and is now significantly lower than in the past few years.

The current absorption rate stands at 6.375 months.   A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The March 2012 numbers were:  476 active listings, 202 pending sales and 47 closed sales.  Even with the lower inventory this tear, our current market activity compares favorably to last year.

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Palm City Florida Market Report ZIP Code 34990 – Residential, March 2013

April 2013 Market Report Locks Landing in Stuart Florida

04.17.13 by

April 2013 Market Report Locks Landing in Stuart Florida

As of April 17 2013, there are only 3 homes on the market in Locks Landing in Stuart Florida.  Listing prices range from $269,000 to $399,000 for an average price per square foot of $152.17.

One home is under contract and awaiting settlement.  A short sale listed at $275,000 or $98.07 per sq. ft.

In the past 12 months, 13 homes have sold in Locks Landing with sales prices ranging from $245,000 to $405,000 for an average of $137.37 per sq. ft.

Locks Landing in Stuart Florida is a planned unit community of 243 homes on the south eastern shore of the Saint Lucie Waterway, just upstream of the Locks on the Okeechobee Water Way at Phipps Park in Stuart, Florida.

Locks Landing homes range in sizes from just under 2,000 square feet of living area to some spacious 3,000 square feet plus homes on spacious preserve lots.   Many homes enjoy lake views and a few homes offer views of the Saint Lucie Waterway.  This wonderful family neighborhood boasts a number of docks with available water and electrics..  Easy access through the lock to the main Saint Lucie river and out to the crystal clear waters of the Atlantic Ocean or sail west into Lake Okeechobee for a fabulous day of fresh water fishing.  For those without their own boat dock, there’s a convenient boat ramp to allow all to enjoy the fabulous boating available to all residents of Martin County.

Locks landing is only moments to I-95 for those needing to commute either north or south on the Interstate.  The equestrian farms of Martin County are only a short drive to the west; while to the east is shopping, restaurants, beaches and all the amenities that Martin County has to offer.  This family friendly community also boasts an ‘A’ rated school system with local children attending Crystal Lake Elementary School, David L Anderson Middle School and South Fork High School

To view the current homes available for sale in Locks Landing please select the following link:
Locks Landing Homes for Sale

 

For any questions you may have about Locks landing, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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April 2013 Market Report Locks Landing in Stuart Florida

 

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

04.17.13 by

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

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

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

There are currently 127 active condo listings (A drop of 7 condos from February).

57 Condo sales are pending and awaiting close or lender approval. (Up 7 condos from last month)

13 Condos Sold in March (A decrease of 6 condos from February).

A fairly strong month for the Stuart Condo market for zip code 34994.   Pending sales increased from February.  Unfortunately closed sales were off.  And, the inventory continues to shrink.

The one month absorption rate rose to 10.3 months, which still signifies a buyers market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last March the numbers were 143 active listings, 44 pending sales, and 15 closed sales.  When the reduced inventory is considered, this year’s activity is better.

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

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

04.16.13 by

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

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

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

There are currently 184 active condo listings (Down 15 from last month).

59 Condo sales are pending and awaiting close or lender approval (A decrease of 3 condos from February).

42 Condos Sold in March (Up by 22 from February)

The Stuart Florida Market Report ZIP Code 34996 for Condos was very strong for March with more than double the number of sales from last month.   Along with the increased sales, inventory has now dropped again for the second consecutive month, after three months of small inventory gains.  Pending activity dropped slightly, but was still strong.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is 4.4 months.  This market has now shifted to a sellers market for march of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for March 2012 were: 199 active listings, 58 pending sales and 23 closed sales.  Considerably stronger sales activity this year.

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

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

04.15.13 by

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

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

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

There are currently 175 active listings (Decreased by 4 homes from February).

55 Residential sales are pending and awaiting close or lender approval (Increased by 8 from February).

14 Homes Sold in March (Increased by 9 homes from February).

In the 34996 zip code area of Stuart Florida real estate market activity for March 2013 both pending sales and closed sales rose while the inventory decreased again.  Sales activity is strong and we are seeing multiple offers on some well priced desirable properties.

The one month absorption rate for the 34996 zip code area of Stuart Florida for March dipped to 12.5 months, which is still a strong buyer’s market.  This figure should be dropping as the pending sales close in the coming months. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for March of 2012 were: 165 active listings, 36 pending sales and 22 closed sales.  The 34996 zip code area of Stuart is one of the few sections that actually had better activity last year.

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

Stuart Florida Market Report ZIP Code 34997 – Condo, March 2013

04.14.13 by

Stuart Florida Market Report ZIP Code 34997 – Condo, March 2013

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

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

There are currently 103 active condo listings (An increase of 1 condo form February).

39 Condo sales are pending and awaiting close or lender approval (Up 3 from February).

16 Condos Sold in March (An increase of 8 condos from February).

The Stuart condo market for the area in ZIP code 34997 showed a strong March .  Sales doubled from February.  Pending sales took a small increase after a significant rise last month.  While the inventory basically stayed unchanged.  One of the strongest months for condo activity in some years.

The one month absorption rate decreased to 6.4 months. Basically, 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 March 2012 numbers were: 109 active listings, 40 pending sales and 14  closed sales.  An improvement from last March.

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

Stuart Florida Market Report ZIP Code 34994 – Residential March 2013

04.12.13 by

Stuart Florida Market Report ZIP Code 34994 – Residential March 2013

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

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

There are currently 67 active listings (Down 9 from February).

34 Residential sales are pending and awaiting close or lender approval (Up 11 from February).

5 Homes Sold in February (Down 5 homes from February)

The 34994 ZIP code area of the Stuart, Florida real estate market showed a marked decrease in closed sales for March.  At the same time, there was a significant jump in Pending activity and another unexpected drop in active listings.  We should have some stronger closed sales in the coming months, but if inventory doesn’t increase, we will be looking at depressed activity for the foreseeable future.

The one month absorption rate for the 34994 zip code for March jumped to 13.4 months. which signifies a significant buyers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The March 2012 numbers were 84 Active Listings, 41 pending sales and 7 closed sales.  The lower inventory is having a significant effect on market activity in the 34994 zip code area of the Stuart, Florida real estate market.

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Stuart Florida Market Report ZIP Code 34994 – Residential March 2013

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

04.10.13 by

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

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

There are currently 344 active listings (An increase of 12 homes from February).

220 Residential sales are pending and awaiting close or lender approval (An decrease of 23 homes from February).

82 Homes Sold in March (Up 35 homes from February)

For March 2013, the Stuart Florida Market Report ZIP Code 34997 the closed sales almost doubled as a result of the strong pending activity from previous months.  For March, there was a slight increase in inventory as more sellers are beginning to understand that the time is right for selling in Martin County.  Pending sales were off from February, but remain strong.
The current one month absorption rate dropped to 4.2 months which indicates a sellers market for the 34997 Stuart zip code real estate market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.
The 2012 numbers were: 428 active listings, 263 pending listings and 61 closed sales.  With considerably less inventory, this segment of the Stuart residential real estate market remains strong.

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

Sewalls Point Residential Market Report March 2013

04.09.13 by

Sewalls Point Residential Market Report March 2013

Sewalls Point Real Estate Snapshot, Residential Sales for March 2013

There are currently 57 active listings (an increase of 2 homes for sale from February)

15 Residential sales are pending and awaiting close or lender approval (a decrease of 2 homes from February)

5 Homes sold in February (An increase of 3 homes from February)

March saw improved sales in the Sewalls Point real estate market in Stuart, FL.  Still a fairly large inventory, but also good number of pending sales.

The absorption rate dropped to 11.4 months.  This is a still a buyers market in Sewalls Point, but is showing signs of change.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to March of 2012, the inventory was 61 homes homes on the market, 12 pending sales and there was only 3 closed sales.  Improving numbers for 2013 by a small margin.

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Sewalls Point, FL Real Estate

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Sewalls Point Market Report – Residential, March 2013

April 2013 Market Report The Retreat in Hobe Sound

04.06.13 by

April 2013 Market Report The Retreat in Hobe Sound

For the April 2013 Market Report The Retreat in Hobe Sound there are currently 7 homes on the market, ranging in price from $189,900 to $369,000 for an average of $148 per square foot of living area.

There are 8 homes under contract and awaiting sales.  Listing prices range from $199,000 to $399,900 with an average of $145 per sq. ft. of living area.

In the past 12 months, 16 homes have sold in the Retreat.  Sales prices ranged from a low of $175,000 to a high of $380,000 at an average of $129 per sq. ft. of living area.

April 2013 Market Report The Retreat in Hobe Sound

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

 April 2013 Market Report The Retreat in Hobe Sound

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

 April 2013 Market Report The Retreat in Hobe Sound

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

 April 2013 Market Report The Retreat in Hobe Sound

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

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

April 2013 Market Report The Retreat in Hobe Sound

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April 2013 Market Report The Retreat in Hobe Sound