Search Results for: st lucie county market report

November 2013 Monthly Market Detail Martin County Single Family Homes

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

The median sales price was up by 5.2% from last year while unfortunately the average declined by 7.2%.

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

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

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

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

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

November 2013 Monthly Market Detail Martin County Single Family Homes

November 2013 Monthly Market Detail Florida Townhouses and Condos

12.26.13 by Gabe Sanders

November 2013 Monthly Market Detail Florida Townhouses and Condos

The November 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida showed a weakening of both closed and pending sales as compared to last year. Year to year closed sales were down by 7.1% as compared to last months increase of 3.1% and new sales under contract (new pending sales) decreased by 10.2% (October’s decrease was 3.6%).

Both median and average sales prices were up (year to year) by 17.2% and 12.3% respectively.

For the first time in a while the inventory crept up slightly by 1.3%. The reduced inventory is what is making prices rise as well as keeping sales volume down. I expect both inventory and sales volume to increase in the coming year if the economic news continues to be positive.

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:
November 2013 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.

November 2013 Monthly Market Detail Florida Townhouses and Condos

November 2013 Monthly Market Detail Florida Single Family Homes

12.24.13 by Gabe Sanders

November 2013 Monthly Market Detail Florida Single Family Homes

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

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

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

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

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

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

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

November 2013 Monthly Market Detail Florida Single Family Homes

Martin County Florida Condo Market Report for October 2013

12.10.13 by Gabe Sanders

Martin County Florida Condo Market Report for October 2013

Commentary:

The Martin County Florida Condo Market for October 2013 showed better numbers than in previous years on a year to year comparison. Still a bit slower than we would like. Inventory increased this month to 546 units (the second month in a row with gains). It was back in 2005 when we had steady inventory levels below 600 units. The median sales price decreased significantly in October to one of the lowest numbers in years. This value is more a result of the mix of sales for October which were mostly in the lower price ranges, rather than a decrease in values. Currently, prices on average appear to be holding steady with different communities showing some small gains (as well as some losses) depending on the individual community.

The one month absorption rate decreased to 9.93 months from last months 10.04 months, while the three-month average is now at 9.81 months. The condo market for Martin County continues to be a buyers market. Generally an absorption rate of 6 or 7 months is considered a balanced market.

Potential higher interest rates remain troubling for the market in general, but is not as strong an issue for our condo market as we have a fairly high percentage of cash buyers. Though, uncertainty with the economy is a big factor for vacation buyers potentially using their discretionary spending for these purchases.

Click on the charts for 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 Condo Market Report for October 2013

the Gabe Sanders real estate team

Condo 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

Martin County Florida Residential Market Report for October 2013

12.09.13 by Gabe Sanders

Martin County Florida Residential Market Report for October 2013

Commentary:

The Martin County Florida Residential Market for October 2013 continues to produce better results as compared to recent years. For October 2013, the inventory rose again (the third month in a row) signifying that some pent up seller demand is now once again re-entering the market as prices continue to increase. And for October 2013 there were some significant increases. As the inventory increase, we should continue to see higher sales numbers from previous years, though the absorption rate will start to rise as well.

The one month absorption rate for October 2013 increased to 6.86 months (from 5.99 months in September), and the three-month average is now 5.93 months. A 6 to 7 month absorption rate is considered to be a balanced market. After almost a full year of a sellers market we are now in a balanced market which is healthy for Stuart FL real estate.

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

Clicking on the chart will produce a larger view.

Data compiled from the Realtor Association of Martin County

Martin County Florida Residential Market Report for October 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

October 2013 Monthly Market Detail St Lucie County Townhouses and Condos

12.04.13 by Gabe Sanders

October 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The October 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed a second month drop from last years numbers. Year to year closed sales were down by 12.7% (was down by 28.6% in September) while new sales under contract (new pending sales) decreased by 13.6% (was down by 18% in September

Prices continued to rise however, year to year, with the median sales price up by 14.3% (up 12.6% in September) and the average sales price rose by 26% (was up by 14.6% in September).

The inventory of available townhouses and condos increased from last month to 835 units which is a decrease of 8% from last October. Current supply of inventory is now 8.5 months (a 9.7% decrease from last year). This segment of the market continues to be a buyers market and I anticipate some moderation in price increases in the coming months unless the sale volume picks up.

Please see the entire Saint Lucie County townhouse and condo market detail by clicking the links below:

Click here to view or download the full report:
October 2013 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.

October 2013 Monthly Market Detail St Lucie County Townhouses and Condos

October 2013 Monthly Market Detail St Lucie County Single Family Homes

12.03.13 by Gabe Sanders

October 2013 Monthly Market Detail St Lucie County Single Family Homes

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

Both median and average sales prices were up (year to year) by 29% and 24.6% respectively year to year.

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

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

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

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

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

October 2013 Monthly Market Detail St Lucie County Single Family Homes

October 2013 Monthly Market Detail Martin County Townhouses and Condos

12.02.13 by Gabe Sanders

October 2013 Monthly Market Detail Martin County Townhouses and Condos

The October 2013 Monthly Market Detail Martin County Townhouses and Condos continues to showed some weakness of the year to year results. After some surprisingly strong results from last month. We are now well into our slower season, however we are comparing to last years results for the same period. Year to year closed sales were up by 1.1% ( up by 36.2% in September) while new sales under contract (new pending sales) decreased by 36.2% (was down 8% in September).

The median sales price increased by 1.3% (was up by 49.5% in September) while the average sales price rose by 10.7% (was up 30.6% in September) as compared to October of 2012.

The inventory of available townhouses and condos has increased slightly to 596 units from last month, while still a decrease of 21.1% from last October. Current supply of inventory is only 5.9 months (a 33.9% decrease from last year). For the Martin County townhouse and condo market we have transitioned into numerous months of a seller’s market. This is exerting significant pressure into rising values for this segment of the real estate market.

Click here to view or download the full report:
October 2013 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.

October 2013 Monthly Market Detail Martin County Townhouses and Condos

October 2013 Monthly Market Detail Martin County Single Family Homes

12.01.13 by Gabe Sanders

October 2013 Monthly Market Detail Martin County Single Family Homes

The October 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors showed slightly slower activity than in most previous months this year, though still much improved from last year. Closed sales were up by 8.5% (was 58.5% in September) and new sales under contract (new pending sales) increased by 36.2% (24.1% in September).

The median sales price was up by 20.6% from last year while unfortunately the average declined by 30.5%.

The inventory of available single family homes increased this month to 1242 units but this is still down by 4.2% from last October. Current supply of inventory is only 6.7 months (a 18.9% decrease from last year). We are now in a balanced market for residential sales in Martin County. Considering that this is typically the slower season for Martin County, I’m expecting a return to a sellers market once the holiday season is over.

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

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

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

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

October 2013 Monthly Market Detail Martin County Single Family Homes

October 2013 Monthly Market Detail Florida Townhouses and Condos

11.30.13 by Gabe Sanders

October 2013 Monthly Market Detail Florida Townhouses and Condos

The October 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida continues to show gains though not as robust as they were earlier in the year. Year to year closed sales were up by 3.1% as compared to last months increase of 11.4% and new sales under contract (new pending sales) decreased by 3.6% (September’s increase was 4.6%).

Both median and average sales prices were up (year to year) by 22.1% and 12% respectively.

One item of concern is the active inventory which has decreased again (though slightly), for October by .09%. The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale. This will also result in strong upward pressure on prices and at some point renewed activity in new construction. If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

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:
October 2013 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.

October 2013 Monthly Market Detail Florida Townhouses and Condos

October 2013 Monthly Market Detail Florida Single Family Homes

11.29.13 by Gabe Sanders

October 2013 Monthly Market Detail Florida Single Family Homes

The Florida real estate market continues to improve as reported by Florida Realtors for the October 2013 Monthly Market Detail Florida Single Family Homes, though at not quite as great a rate as in past months. All indices have once again moved in a positive direction. Year to year closed sales were up by 6.5% (was 18.8% in September) and new sales under contract (new pending sales) increased by 3.4% (was 10.5% in September).

Both median and average sales prices were up (October 2012 to October 2013) by 16.6% and 12.6% respectively. Very strong numbers that I expect will moderate in the next few months unless the overall state economy shows some improvements as well.

The inventory of available homes for sale increased by 3.3% from last year. This is the first month in some time that we’ve seen an increase in inventory. I’ve been expecting this, and as inventory increases the pressure on rising prices will ease as well. Making the double digit gains of this past year a little more difficult to sustain.

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

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

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

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

October 2013 Monthly Market Detail Florida Single Family Homes

Martin County Florida Condo Market Report for September 2013

11.07.13 by Gabe Sanders

Martin County Florida Condo Market Report for September 2013

Commentary:

The Martin County Florida Condo Market for September 2013 showed better numbers than in previous years on a year to year comparison. Still a bit slower than we would like. Inventory increased this month to 532 units (Inventory has been up and down the past few months with no real trend at this time). It was back in 2005 when we had steady inventory levels below 600 units. The median sales price increased in September and continues to be well above last year’s values. Much of the median price results are driven by the mix of units selling. Currently, prices on average appear to be holding steady with different communities showing some small gains (as well as some losses) depending on the individual community.

The one month absorption rate increased to 10.04 months from last months 9.46 months, while the three-month average is now at 9.45 months. We’ve slipped back into a buyers market for martin County condos. Generally an absorption rate of 6 or 7 months is considered a balanced market.

Higher interest rates remain troubling for the market in general, but is not as strong an issue for our condo market as we have a fairly high percentage of cash buyers. If the economy continues it’s improvement, I expect another good season for the condo market in Martin County for the upcoming season.

Click on the charts for a larger view:

Data compiled from the Realtor Association of Martin County

Martin County Florida Condo Market Report for September 2013

the Gabe Sanders real estate team

Condo 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

Martin County Florida Residential Market Report for September 2013

11.06.13 by Gabe Sanders

Martin County Florida Residential Market Report for September 2013

Commentary:

The Martin County Florida Residential Market for September 2013 continues to produce better results as compared to recent years. For September 2013, the inventory rose for the second month in a row signifying that some pent up seller demand is now once again re-entering the market as prices have started to increase. Though for September both median and average prices slid some, but this was more an indication of lower priced homes dominating sales for the previous month.

The one month absorption rate for September 2013 increased to 5.99 months (from 5.11 months in August), and the three-month average is now 5.4 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. Considering the fact that we have entered our slower season, we continue to have better activity as compared to previous years.

Our overall market remains quite healthy as compared to previous years since the ‘bubble’. The unknowns for the future remain our economy for the nation as a whole.

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

Clicking on the chart will produce a larger view.

Data compiled from the Realtor Association of Martin County

Martin County Florida Residential Market Report for September 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

September 2013 Monthly Market Detail St Lucie County Townhouses and Condos

11.05.13 by Gabe Sanders

September 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The September 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed an unexpected drop from last years numbers. Year to year closed sales were down by 28.6% (was down by4% in August) while new sales under contract (new pending sales) decreased by 18% (was up by 4.9% in August

Prices continued to rise however, year to year, with the median sales price up by 12.6% (up 69.4% in August) and the average sales price rose by 14.6% (was up by 38.2% in August).

The inventory of available townhouses and condos decreased from last month to 785 units which is a decrease of 18.1% from last September. Current supply of inventory is now 7.9 months (a 22.9% decrease from last year). This is the only segment of the Treasure Coast real estate market to show a decrease of closed sales (year to year). The townhouse and condo markets are much more seasonally affected as more buyers in this segment tend to be ‘snowbirds’ and we may continue with weak results for the next few months.

Please see the entire Saint Lucie County townhouse and condo market detail by clicking the links below:

Click here to view or download the full report:
September 2013 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.

September 2013 Monthly Market Detail St Lucie County Townhouses and Condos

September 2013 Monthly Market Detail St Lucie County Single Family Homes

11.04.13 by Gabe Sanders

September 2013 Monthly Market Detail St Lucie County Single Family Homes

The September 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues the positive trend that has been apparent all this year, though at a more moderate rate for the past few months. Closed sales were up by 4.1% (in August they were up by 3.5%) and new sales under contract (new pending sales) increased by 12% (they were up by 17.8% last month).

Both median and average sales prices were up (year to year) by 14.2% and 15% respectively year to year.

The inventory of active listings rose in September (from last month) to 1947 homes, still down by 24.1% from last year. Current supply of inventory is only 4.5 months (a 33.6% decrease from last year) and unchanged from August. For September 2013 this remains a strong sellers market in the St Lucie County area. Lower inventory typically results in lower sales volume as there just isn’t enough homes available for sale. This will also result in strong upward pressure on prices and at some point renewed activity in new construction. Prices have been rising because of the shortage of inventory and the slow recovery of the market.

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

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

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

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

September 2013 Monthly Market Detail St Lucie County Single Family Homes

September 2013 Monthly Market Detail Martin County Townhouses and Condos

11.03.13 by Gabe Sanders

September 2013 Monthly Market Detail Martin County Townhouses and Condos

The September 2013 Monthly Market Detail Martin County Townhouses and Condos continues to show positive year to year results. Though the gains for September were surprisingly strong as compared to August of 2013, though we are entering into our slower season. Year to year closed sales were up by 36.2% ( up by 1.3% in August) while new sales under contract (new pending sales) decreased by 8% (was up 4.9% in August).

The median sales price increased by 49.5% (was up by 16.3% in August) while the average sales price rose by 30.6% (was up 13.4% in August) as compared to September of 2012.

The inventory of available townhouses and condos has increased slightly to 560 units from last month, while still a decrease of 29.8% from last September. Current supply of inventory is only 5.6 months (a 41.9% decrease from last year). For the Martin County townhouse and condo market we have transitioned into numerous months of a seller’s market. This is exerting significant pressure into rising values for this segment of the real estate market.

Click here to view or download the full report:
September 2013 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.

September 2013 Monthly Market Detail Martin County Townhouses and Condos

September 2013 Monthly Market Detail Martin County Single Family Homes

11.02.13 by Gabe Sanders

September 2013 Monthly Market Detail Martin County Single Family Homes

Positive reports for the September 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors. Surprisingly strong results compared to many other areas of the state for September. Closed sales were up by 58.5% (was 9.1% in August) and new sales under contract (new pending sales) increased by 24.1% (35.2% in August).

Both the median and average sales prices (year to year) increased this month by percentages of 35% and 21.9% respectively.

The inventory of available single family homes increased this month to 1216 units but this is still down by 9.3% from last September. Current supply of inventory is only 6.6 months (a 24.5% decrease from last year). We are now in a balanced market for residential sales in Martin County. Considering that this is typically the slower season for Martin County, I’m expecting a return to a sellers market once the holiday season is over.

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

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

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

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

September 2013 Monthly Market Detail Martin County Single Family Homes

September 2013 Monthly Market Detail Florida Townhouses and Condos

11.01.13 by Gabe Sanders

September 2013 Monthly Market Detail Florida Townhouses and Condos

The September 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida continues to show gains though not as robust as they were in the spring of this year. Year to year closed sales were up by 11.4% as compared to last months increase of 6.3% and new sales under contract (new pending sales) increased by 4.6% (August’s increase was 11.6%).

Both median and average sales prices were up (year to year) by a healthy 23.5% and 16.9% respectively.

One item of concern is the active inventory which has decreased again, for September by 7.9%. The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale. This will also result in strong upward pressure on prices and at some point renewed activity in new construction. If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

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:
September 2013 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.

September 2013 Monthly Market Detail Florida Townhouses and Condos

September 2013 Monthly Market Detail Florida Single Family Homes

10.31.13 by Gabe Sanders

September 2013 Monthly Market Detail Florida Single Family Homes

More good news for the Florida real estate market as reported by Florida Realtors for the September 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida. All indices have once again moved in a positive direction with the exception of inventory (active listings), though not by quite as large percentages as last month. Year to year closed sales were up by 18.8% (was 12.5% in August) and new sales under contract (new pending sales) increased by 10.5% (was 17.2% in August).

Both median and average sales prices were up (September 2012 to September 2013) by 17.2% and 12.3% respectively. While improved over last year, the rate of increase is less for September as the seasonal influence of our real estate markets become apparent.

The inventory of available homes for sale remains a concern as it continues to decrease, down by 5.1% from last year. The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale. This will also result in strong upward pressure on prices and at some point renewed activity in new construction. If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

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

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

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

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

September 2013 Monthly Market Detail Florida Single Family Homes

Martin County Florida Condo Market Report for August 2013

10.09.13 by Gabe Sanders

Martin County Florida Condo Market Report for August 2013

Commentary:

The Martin County Florida Condo Market for August 2013 showed better numbers than in previous years on a year to year comparison. Still a bit slower than we would like. Inventory decreased to 511 units (after a nice little jump last month). It was back in 2005 when we had steady inventory levels below 600 units. The median sales price decreased in August indicating the mix of sales has once again shifted to the less expensive mainland condos, though still above last year’s value significantly. Much of the median price results are driven by the mix of units selling. We had a good number of higher end waterfront condos sell in previous months. And, while prices are not declining any more in the overall market, they also are not making any large increases at this time. Prices remain very sensitive to the community and the available competition.

The one month absorption rate increased to 9.46 months from last months 8.92 months, while the three-month average is now at 8.5 months. We’ve slipped back into a buyers market for martin County condos. Generally an absorption rate of 6 or 7 months is considered a balanced market.

Click on the charts for a larger view:

Data compiled from the Realtor Association of Martin County

Martin County Florida Condo Market Report for August 2013

the Gabe Sanders real estate team

Condo 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

772-763-8506

Search Results for: st lucie county market report

November 2013 Monthly Market Detail Martin County Single Family Homes

November 2013 Monthly Market Detail Martin County Single Family Homes

November 2013 Monthly Market Detail Florida Townhouses and Condos

November 2013 Monthly Market Detail Florida Townhouses and Condos

November 2013 Monthly Market Detail Florida Single Family Homes

November 2013 Monthly Market Detail Florida Single Family Homes

Martin County Florida Condo Market Report for October 2013

Martin County Florida Residential Market Report for October 2013

October 2013 Monthly Market Detail St Lucie County Townhouses and Condos

October 2013 Monthly Market Detail St Lucie County Townhouses and Condos

October 2013 Monthly Market Detail St Lucie County Single Family Homes

October 2013 Monthly Market Detail St Lucie County Single Family Homes

October 2013 Monthly Market Detail Martin County Townhouses and Condos

October 2013 Monthly Market Detail Martin County Townhouses and Condos

October 2013 Monthly Market Detail Martin County Single Family Homes

October 2013 Monthly Market Detail Martin County Single Family Homes

October 2013 Monthly Market Detail Florida Townhouses and Condos

October 2013 Monthly Market Detail Florida Townhouses and Condos

October 2013 Monthly Market Detail Florida Single Family Homes

October 2013 Monthly Market Detail Florida Single Family Homes

Martin County Florida Condo Market Report for September 2013

Martin County Florida Residential Market Report for September 2013

September 2013 Monthly Market Detail St Lucie County Townhouses and Condos

September 2013 Monthly Market Detail St Lucie County Townhouses and Condos

September 2013 Monthly Market Detail St Lucie County Single Family Homes

September 2013 Monthly Market Detail St Lucie County Single Family Homes

September 2013 Monthly Market Detail Martin County Townhouses and Condos

September 2013 Monthly Market Detail Martin County Townhouses and Condos

September 2013 Monthly Market Detail Martin County Single Family Homes

September 2013 Monthly Market Detail Martin County Single Family Homes

September 2013 Monthly Market Detail Florida Townhouses and Condos

September 2013 Monthly Market Detail Florida Townhouses and Condos

September 2013 Monthly Market Detail Florida Single Family Homes

September 2013 Monthly Market Detail Florida Single Family Homes

Martin County Florida Condo Market Report for August 2013

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