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Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code February 2014

03.29.14 by

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code February 2014

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for February 2014

 

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

 

There are currently 23 active condo listings. (Up by 1 condo from January)

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code February 2014

3 Condo sales are pending and awaiting close or lender approval. (Decreased by 1 condo from January)

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code February 2014

3 Condos sold in January (Increased by 2 condos from January)

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code February 2014

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  February 2014 market activity saw an increase in closed sales along with a decrease in pending sales.  Inventory rose by 1 condo.

The current absorption rate with only one sale is 7.6 months (Last month it was 22 months).  The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that may not indicate a true trend in the market.

The February 2013 numbers were:  18 active listings, 9 pending sales and 4 closed sales.   Unfortunately, for the past few months, the Hobe Sound condo market has been under-performing as compared to last year.

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code February 2014
 

 

 

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Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code February 2014

 

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code February 2014

03.28.14 by

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code February 2014

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for February 2014

 For February 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 289 active listings. (Up by 2 homes from January)

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code February 2014

98 Residential sales are pending and awaiting close  (Increased by 21 homes from January)

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code February 2014
 

26 Homes Sold in February (Down by 17 homes from last month)

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code February 2014

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County for February had a disappointing decrease in closed sales, though all other indications are positive for the future.  Especially a good increase in pending sales.  The inventory remained basically unchanged.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 11.1 months (6.8 months in January).  Slipping back into a buyers market (though I believe this is just temporary).  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for February 2013 were:  244 active listings, 109 pending sales and 28 closed sales.  Interestingly with a sizable increase in inventory for 2014, numbers are very similar to last year.  This is an indication of a somewhat weaker market activity for this year.

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code February 2014 

 

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Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code February 2014

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

03.27.14 by

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

 

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

 

For February 2014 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 27 active listings. (Decreased by 7 condos from January)

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

20 Condo sales are pending and awaiting close or lender approval. (Up by 1 condos from January)

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

 

6 Condos Sold (Up by 2 condos from January)

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code February 2014
The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  After 4 months of slowly increasing inventory, inventory declined for the last two months.   For as small a segment as this is, activity for February was quite strong with good pending and closed sale numbers.

The one month absorption rate for the February 2014, Jensen Beach Florida Market Report ZIP Code 34957 dropped to 4.5  months (8.5 months in January), back into a sellers market.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The February 2012 numbers were: 60 active listings, 31 pending sales and 9 condos closed.   The most striking comparison to last year is the available inventory is less than half of what it was last year.  With that in mind, the relative activity is quite strong.
Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code February 2014

 

 

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

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

03.26.14 by

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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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

03.25.14 by

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

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

03.24.14 by

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

 

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

 

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


There are currently 472active listings (An increase of 25 homes from January)

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

 131 Residential sales are pending and awaiting close or lender approval. (Increased by 14 homes from last month)

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

 

49 Homes Sold in January (Decreased by 12 homes from January)

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

After an exceptionally strong 2013 the Palm City home market (zip code 34990) has now a second fairly weak market activity compared to the past year.  Closed sales were off for the second month in a row.  Pending sales did increase, but is not keeping up with the strong growth in inventory.  The added inventory along with the decrease in sales will be exerting some price pressures on this market if sales don’t pick up.
 
The current absorption rate increased to 9.6 months from 7.2 months in October, putting the Palm City residential real estate market into a buyers market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The January 2012 numbers were:  408 active listings, 201 pending sales and 34 closed sales.  Unfortunately, the Palm City market is not showing good signs.  Closed sales are up, but future activity looks uncertain with the considerable decrease in future sales.Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code February 2014

 

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

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code February 2014

03.23.14 by

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code February 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2014

 

For February 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 91 active condo listings (Down by 13 condos from January). Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code February 2014

 

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

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code February 2014

 

9 Condos Sold in February (Decreased by 2 condos from January).

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code February 2014

A second month in a row with a small drop in closed sales for the Stuart FL condo market for zip code 34997.  Inventory retreated from last months gain and a sizable increase in pending sales, which will hopefully show stronger closed sales in the coming months.

The one month absorption rate increased to 10.1 months from last months 9.5.  Remaining in a buyers market.   A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.  

The February 2012 numbers were: 102 active listings, 36 pending sales and 8 closed sales.   Very similar numbers to the February 2013 market activity.

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code February 2014

 
 
 

 

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2014

 

 

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code February 2014

03.22.14 by

Stuart Florida Homes for Sale and Sold Report 34997 ZIP code February 2014

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for February 2014

 

There are currently 423 active listings (Decreased by 1 home from January).

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code February 2014

184 Residential sales are pending and awaiting close or lender approval (A increase of 35 homes from January).Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code February 2014

63 Homes Sold in February (Increased by 12 homes from January)Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code February 2014

The Stuart Florida Market for ZIP Code 34997 improved considerably from a somewhat poor start in January.  Inventory remained stable while both the pending and closed numbers showed excellent gains.
 
The current one month absorption rate rose to 6.7  months (was 8.3 months for January).   Back to a balanced market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.  
 
The 2013 numbers for February, were: 332 active listings, 243 pending listings and 47 closed sales.  Discounting pending sales, marginally better closed activity this year, though the inventory is considerably higher as well.  We still have strong pending numbers, but not as good as last year.  The increase in inventory appears to have exceeded the demand in the 34997 zip code area for residential sales, at least for the month of February.
 Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code February 2014
 
 
 

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Stuart Florida Homes for Sale and Sold Report 34997 zip code February 2014

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code February 2014

03.21.14 by

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code February 2014

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for February 2014

For February 2014 in the 34996 Zip Code area of Stuart, Florida :

There are currently 171 active condo listings (Down by 2 condos from last month).Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code February 2014

 

52 Condo sales are pending and awaiting close or lender approval (Increased by 3 condos from January).Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code February 2014

 

30 Condos Sold in February (Increased by 15 condos from January) 

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code February 2014

 

For the Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code February 2014, showed very strong activity.   Inventory remained unchanged while closed sales doubled to 30 condos.  Pending sales also increased, though only slightly.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 5.7  months from January’s 11.4.  Now, a sellers market for February 2014.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for February 2012 were: 199 active listings, 62 pending sales and 20 closed sales.  Inventory levels are still below that of 2013, one of the few areas in Martin County with these results.  Excellent activity as compared to last year, but the reduced numbers of pending sales (as compared to last year) may impact us in the coming months.

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code February 2014

 

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Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code February 2014

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code February 2014

03.20.14 by

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code February 2014

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for February 2014

 

For February 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 152 active listings (Increased by 6 homes from January).

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code February 2014

 40 Residential sales are pending and awaiting close or lender approval (Increased by 7 homes from January).

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code February 2014

6 Homes Sold in February (Decreased by 11 homes from January).

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code February 2014

After a strong January for the 34996 zip code area of the Stuart Florida residential real estate market, the February closed sales were very slow, decreasing by almost 66%.  Inventory and pending sales were up, though.

The one month absorption rate for the 34996 zip code area of Stuart Florida for February shot up to 25.2 months as compared to January’s 8.6 months.  A strong buyers market for the 34996 zip code area of Stuart.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for February of 2012 were: 179 active listings, 47 pending sales and 5 closed sales.   This area still has a lower inventory than last year (which is becoming the exception for Martin County).  Overall, very similar activity as compared to 2013.Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code February 2014

 

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Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code February 2014

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code February 2014

03.19.14 by

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code February 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for February 2014

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

 

There are currently 130 active condo listings (Increased by 9 condos from January).

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code February 2014

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

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code February 2014

17 Condos Sold in February (Increased by 5 condos from January).

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code February 2014

The Stuart Condo market in zip code 34994 continues to show good momentum.  The only negative for February was a decrease in the number of pending sales.  Both closed sales and inventory saw gains.

The one month absorption rate dropped to 7.6  months compared to last month’s 10.1.  (Still not as strong as some months of 2013.)  Getting close to a balanced market for the 34994 zip code condo market of Stuart FL.  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 February the numbers were 134 active listings, 50 pending sales, and 19 closed sales.   Very similar to last year, though the activity has slowed slightly for 2014 as compared to 2013.

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code February 2014

 

 

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Stuart Florida Market Report ZIP Code 34994 – Condo, February 2014

Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code February 2014

03.18.14 by

Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code February 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for February 2014

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

 

There are currently 77 active listings (Increased by 10 homes from January)

Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code February 2014

 

34 Residential sales are pending and awaiting close or lender approval (Unchanged from January).

Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code February 2014

 

9 Homes Sold in January (Decreased by 1 homes from January)

Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code February 2014

The 34994 ZIP code area of the Stuart, Florida had a second month of decreases in closed sales, although down by only 1 home for this month.  Pending sales were unchanged.  While, the inventory took another sizable increase.  As home values rise, latent demand from sellers seems to be materializing in more active listings.  There has to be enough demand to offset this increase in inventory, and in the short term, it appears that this hasn’t yet happened. 

The one month absorption rate for the 34994 zip code for February increased to 8.6 months from last months 6.7 months.  Back to a buyers market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage. 

The January 2012 numbers were 76 Active Listings, 23 pending sales and 10 closed sales.   Very similar numbers to 2013, with the exception of higher pending numbers this year, which may equate to better sales in the near future.

 Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code February 2014

 

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Stuart Florida Market Report ZIP Code 34994 Residential February 2014

Sewalls Point Homes for Sale and Sold Report February 2014

03.17.14 by

Sewalls Point Homes for Sale and Sold Report February 2014

Sewalls Point Real Estate Snapshot, Residential Sales for February 2014

 

There are currently 60 active listings (an increase of 6 homes for sale from January)

Sewalls Point Homes for Sale and Sold Report February 2014

 

11 Residential sales are pending and awaiting close or lender approval (Up by 7 homes from last month)

Sewalls Point Homes for Sale and Sold Report February 2014

 

1 Homes sold in January (Down by 8 homes from January)

Sewalls Point Homes for Sale and Sold Report February 2014

A difficult month for closed sales for the Sewalls Point market activity for February 2014.   Only 1 closed sales for February, even though this sale was at a nice price point, this is not a good number.  Inventory rose again for the second month in a row.  And, a glimmer of good news as pending sales rose from last month indicating a good sign pf more closed sales coming in the future.

The absorption rate shot up to 60 months compared to last months 6 months.  Not a good rate for sellers.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to February 2013, the inventory was 55 homes on the market, 17 pending sales and there were 2 closed sales.  As in many of our other areas, we are continuing to see increased inventory.  Unfortunately, the market activity has decreased from February of 2013.Sewalls Point Homes for Sale and Sold Report February 2014

 

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Sewalls Point Homes for Sale and Sold Report February 2014

 

January 2014 Monthly Market Detail St Lucie County Townhouses and Condos

03.01.14 by

January 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The January 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors had a very positive start to 2014 after a number of disappointing last four months of 2013 for the townhouse and condo segment of the Saint Lucie County real estate market.  Year to year closed sales were up by 12.3% (was down by 19.4% in December) while new sales under contract (new pending sales) decreased by 9.1% (was  down by 29.1% in December).

Values continue to rise as the median sales price up by 4.3% (up 37.1% in December) and the average sales price rose by 45.2% (was up by 38.8% in December).

January 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The inventory of available townhouses and condos increased from last month to 911 units which is still down by 6.5% from last January.  Current supply of inventory remained unchanged from last month to 9.4 months (still an 8.8% decrease from last year).   Back into a buyer’s market.  Unfortunately the low inventory along with the rapid increase in values is hurting the volume of condo and townhouse sales in St. Lucie County.  Once inventory starts to rise, I expect the volume to pick up as well.

 Click here to view or download the full report: 
January 2014 Monthly Market Detail St Lucie County Townhouses and Condos

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 Townhouses and Condos

January 2014 Monthly Market Detail St Lucie County Single Family Homes

02.28.14 by

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 Townhouses and Condos

02.27.14 by

January 2014 Monthly Market Detail Martin County Townhouses and Condos 

January 2014 Monthly Market Detail Martin County Townhouses and Condos report began the year with continued signs of a slowing momentum, but still mostly positive overall results from previous years.   Even though price rises have moderated a bit this month, I’m expecting to see more increases in value until the inventory begins to increase.  Year to year closed sales were up by 4.3% (down by 9% in December) while new sales under contract (new pending sales) decreased by 20.9% (was up 8.1% in December).

January 2014 Monthly Market Detail Martin County Townhouses and Condos

The median sales price increased by 15.2 % (was up a whopping 45% in December) while the average sales price increased by 3.7% (was up 10.4% in December) as compared to January of 2013.

 The inventory of available townhouses and condos has increased by 15 to 638 units from last month, but this is still down from January of 2013 by 19.6%.  Current supply of inventory is 6.4 months (a 29.9% decrease from last year).  The Martin County townhouse and condo market is fairing much better than many other areas of the state.

 Click here to view or download the full report:  January 2014 Monthly Market Detail Martin County Townhouses and Condos

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 Townhouses and Condos

January 2014 Monthly Market Detail Martin County Single Family Homes

02.26.14 by

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 Townhouses and Condos

02.25.14 by

January 2014 Monthly Market Detail Florida Townhouses and Condos

For the January 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida a mostly positive result to begin the year as compared to the start of 2013.   Though more positive results than they were for last month.   Year to year closed sales were up by 9.3% as compared to last months decrease of 2.5% and new sales under contract (new pending sales) decreased by 6% (December’s decrease was 8.7%).

January 2014 Monthly Market Detail Florida Townhouses and Condos 

Both median and average sales prices were up (year to year) by 17% and 21% respectively.  Very significant gains.

Inventory rose for the third month in a row, by 3.5%.  If the inventory keeps rising, I expect to see some increases in the sales volume and a leveling off or a moderation to the pretty dramatic price increases we’ve experienced last year.

Click on the link below or the graphic to see the full market detail report from Florida Realtors:  Click here to view or download the full report:  January 2014 Monthly Market Detail Florida Townhouses and Condos

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 Townhouses and Condos

January 2014 Monthly Market Detail Florida Single Family Homes

02.24.14 by

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

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code January 2014

02.23.14 by

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code January 2014

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for January 2014

 

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

 

There are currently 22 active condo listings. (Down by 1 condo from December)

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code January 2014

 

4 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from December)

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code January 2014

1 Condos sold in December (Increased by 1 condo from December)

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code January 2014

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  January 2014 started with little change from last month.  Only 1 sale, 1 additional pending listing and another small decrease in inventory.

The current absorption rate with only one sale is 22 months.  The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that may not indicate a true trend in the market.

The January 2013 numbers were:  19 active listings, 8 pending sales and 4 closed sales.   Better activity last year by a wide margin.  One of the only segments of the Martin County real estate market with these poor comparative results.

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code January 2014 

 

 

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Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code January 2014