Search Results for: st lucie county market report

April 2013 Monthly Market Detail Florida Townhouses and Condos

05.29.13 by

April 2013 Monthly Market Detail Florida Townhouses and Condos

Some very positive results reported by Florida Realtors for the April 2013 Monthly Market Detail Florida Townhouses and Condos for the entire state of Florida.  All indices have moved in a positive direction though similar to the single family report for April 2013.  Year to year closed sales were up by 13.6% and new sales under contract (new pending sales) increased by 22.7%.

Both median and average sales prices were up (April 2012 to April 2013) by 16.4% and 12.3% respectively. 

One item of concern is the active inventory which has decreased by almost 20.6%.  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.Market Detail Florida Townhouses and Condos April 2013

Here’s the summary chart from the Florida Realtors report:

 

Click here to view or download the full report:
April 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.

April 2013 Monthly Market Detail Florida Townhouses and Condos

April 2013 Monthly Market Detail Florida Single Family Homes

05.28.13 by

April 2013 Monthly Market Detail Florida Single Family Homes

Another positive month of results reported by Florida Realtors for the April 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida.  All indices have moved in a positive direction.  Year to year closed sales were up by 17.4% and new sales under contract (new pending sales) increased by 31.9%.

Both median and average sales prices were up (April 2012 to April 2013) by 14.2% and 10.1% respectively. 

One item of concern is the active inventory which has decreased by 24.7%.  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.

Here’s the summary chart from the Florida Realtors report:April 2013 Market Update Florida

 

Click here to view or download the full report:
April 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.

April 2013 Monthly Market Detail Florida Single Family Homes

March 2013 Monthly Market Detail Martin County Townhouses and Condos

05.12.13 by

March 2013 Monthly Market Detail Martin County Townhouses and Condos

Some very positive results reported by Florida Realtors for the March 2013 Monthly Market Detail Martin County Townhouses and Condos.   Year to year closed sales were up by an impressive 38.7% and new sales under contract (new pending sales) increased by over 41%

The median and average sales prices also increased by 12.8% and 23.6% respectively from March of 2012.

The inventory of available townhouses and condos have decreased to 687 units which id down by 20.6% from last March.  Current supply of inventory is only 7.5 months (a 30.6% decrease from last year).  For the Martin County townhouse and condo market, these results are very similar to our single family home market as both segments rapidly approach a balanced market that favors neither the buyer nor seller.

Here’s the summary chart from the Florida Realtors report:Martin County Townhouses and Condos

Click here to view or download the full report:
March 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.

March 2013 Monthly Market Detail Martin County Townhouses and Condos

March 2013 Monthly Market Detail Martin County Single Family Homes

05.11.13 by

March 2013 Monthly Market Detail Martin County Single Family Homes

Some very positive results reported by Florida Realtors for the March 2013 Monthly Market Detail Martin County Single Family Homes.   Year to year closed sales were up by 22.7% and new sales under contract (new pending sales) increased by 37.4%

Both the median and average sales prices have risen year over year by 19.4% and 23% respectively.

The inventory of available townhouses and condos have decreased to 1274 units which id down by 27.3% from last March.  Current supply of inventory is only 7.7 months (a 38.1% decrease from last year).   If this trend continues (and we see no reason to doubt it) we will soon be in a balanced market for the single family real estate market in Martin County.  There’s no reason not to expect a sellers market should the inventory continue to decrease.Martin County Single Family Homes

Here’s the summary chart from the Florida Realtors report:

 

Click here to view or download the full report:
March 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.

March 2013 Monthly Market Detail Martin County Single Family Homes

March 2013 Monthly Market Detail St. Lucie County Townhouses and Condos

05.10.13 by

March 2013 Monthly Market Detail St. Lucie County Townhouses and Condos

Some very positive results reported by Florida Realtors for the March 2013 Monthly Market Detail St. Lucie County Townhouses and Condos.   Year to year closed sales were up by 19.3% and new sales under contract (new pending sales) increased by 39%

Prices have remained under considerable pressure and have not improved as well as the single family market with the median price off by 10.2% from last year while the average price gained a modest 5.7%.

The inventory of available townhouses and condos have decreased to 967 units which id down by 22% from last March.  Current supply of inventory is only 9.6 months (a 38.9% decrease from last year).   While these results are not quite as strong as in the single family market, they still show strong gains from previous years.  It is just a matter of time before prices start rising a bit more dramatically.  This current environment is an excellent opportunity for buyers looking into the Saint Lucie County real estate market for townhouses and condos.St. Lucie County Townhouses and Condos

Here’s the summary chart from the Florida Realtors report:

 

Click here to view or download the full report:
March 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.

March 2013 Monthly Market Detail St. Lucie County Townhouses and Condos

March 2013 Monthly Market Detail St. Lucie County Single Family Homes

05.08.13 by

March 2013 Monthly Market Detail St. Lucie County Single Family Homes

Some very positive results reported by Florida Realtors for the March 2013 Monthly Market Detail St. Lucie County Single Family Homes.   Year to year closed sales were up by 11.8% and new sales under contract (new pending sales) increased by over 69%!!

Both median and average sales prices were up (march 2012 to March 2013) by 18% and 15% respectively. 

One item of concern is the active inventory which has decreased by almost half (47%).  Current supply of inventory is only 4.2 months (a 56% decrease from last year).  For March 2013 it was a strong sellers market in the St. Lucie County area.  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.

Here’s the summary chart from the Florida Realtors report:St. Lucie Single Family Homes

 

Click here to view or download the full report:
March 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.

March 2013 Monthly Market Detail St. Lucie County Single Family Homes

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.

[singlepic id=3523 w=800 h=600 float=center]
  

 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

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

Stuart Florida Real Estate


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.

[singlepic id=3527 w=800 h=600 float=center]

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.

[singlepic id=3528 w=800 h=600 float=center]

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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:

Stuart Florida Real Estate

March 2013 Monthly Market Detail Florida Townhouses and Condos

04.30.13 by

March 2013 Monthly Market Detail Florida Townhouses and Condos

Some very positive results reported by Florida Realtors for the March 2013 Monthly Market Detail Florida Townhouses and Condos for the entire state of Florida.  All indices have moved in a positive direction though not as robustly as for the single family report for March 2013.  Year to year closed sales were up by 1% and new sales under contract (new pending sales) increased by over 10%.

Both median and average sales prices were up (March 2012 to March 2013) by 16% and 13% respectively.

One item of concern is the active inventory which has decreased by almost 22%.  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 homeowners can see a profit or even a break-even price, I will expect a gradual increase in inventory.

Here’s the summary chart from the Florida Realtors report:Florida Townhouses and Condos

 

Click here to view or download the full report:
March 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.

March 2013 Monthly Market Detail Florida Townhouses and Condos

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

Hobe Sound Florida Real Estate

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

April 2013 Market Report for Osprey Cove in Hobe Sound

March 2013 Monthly Market Detail Florida Single Family Homes

04.29.13 by

March 2013 Monthly Market Detail Florida Single Family Homes

Some very positive results reported by Florida Realtors for the March 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida.  All indices have moved in a positive direction.  Year to year closed sales were up by 9% and new sales under contract (new pending sales) increased by over 23%.

Both median and average sales prices were up (march 2012 to March 2013) by 15% and 14% respectively. 

One item of concern is the active inventory which has decreased by 26%.  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.

Here’s the summary chart from the Florida Realtors report:

Florida Single Family Market Detail

Click here to view or download the full report:
March 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.

March 2013 Monthly Market Detail Florida Single Family Homes

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.

Search here for Legacy Cove 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

Stuart Florida Real Estate

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

April 2013 Market Report for Legacy Cove in Stuart Florida


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.

Search here for currently available homes in Lake Tuscany in Stuart Florida

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

Stuart Florida Real Estate

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

April 2013 Market Report Lake Tuscany in Stuart Florida

 

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

Stuart Florida Real Estate

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

April 2013 Market Report Locks Landing in Stuart Florida

 

Martin County Florida Condo Market Report for February 2013

03.31.13 by

Martin County Florida Condo Market Report for February 2013

 

Commentary:

The Martin County Florida Condo Market for February 2013 showed some very positive signs.  After disappointing results from much of the fall season, sales numbers for February were up to 66 units.  This is considerably better than last February of 57 and the weak January numbers of 39.  The inventory continues to decline.  Now down to 604 condos (Down 36 from February of 2012).  This is the second month of decreasing inventory after 3 months of increases.  The median sales price dropped to $88,250 for February of 2013 (Was 85,000 in February of 2012).   While the median list price remained unchanged at $179,000.  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.

The one month absorption rate dipped to 9.15 months from last months 15.6 months, while the three-month average is now at 11.6 months.  Still a challenging market for condo sellers, but there has been a significant improvement in February.  We still need to see a sustained absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

[singlepic id=3437 w=800 h=600 float=center]
  

 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.

[singlepic id=3438 w=800 h=600 float=center]

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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 February 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 February 2013

03.30.13 by

Martin County Florida Residential Market Report for February 2013

Commentary:

The Martin County Florida Residential Market Report for February 2013 showed strong sales activity for the month.  Better number of closed sales than in past years.  All with a much lower inventory as well.  In fact, our inventory levels are getting low enough that I expect to see some slowing of sales activity simply because there’s not enough homes for sale.  If this happens, I expect to see a further rise in prices, which has already began.

Average and median sales prices were both up for February.  The inventory of available homes dropped 90 from January.    The one month absorption rate for February 2013 decreased to 7.87 months, while the three-month average rose to 7.68 months.  A 6 month absorption rate is considered to be a balanced market, so we remain in a slight buyers market in Martin County.

Activity is remaining strong for March.  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.

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

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Residential Market Report for February 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

March 2013 Market Report for Ocean Bay Villas on Hutchinson Island

03.20.13 by

March 2013 Market Report for Ocean Bay Villas on Hutchinson Island

As of March 15, 2013 there are 3 available homes in the Ocean bay Villas community on Hutchinson Island, FL.  List prices are from $300,000 to $550,000.

There are two sales pending.  List prices are $320,000 and $239,000 with the lower priced one being a short sale.

There have been 5 closed sales in the past 12 months.  Sales prices ranged from $225,000 to $399,000.   Two of these sales were short sales, 1 bank owned and 2 conventional sales.

March 2013 Market Report for Ocean Bay Villas on Hutchinson Island

Ocean Bay Villas on Hutchinson Island is an exclusive private enclave for only 78 owners located beautiful and unspoiled Hutchinson Island in Saint Lucie County on Florida’s Treasure Coast.  All villas in Ocean Bay feature three story luxury town home style residences with elevators and modern updated interiors.

March 2013 Market Report for Ocean Bay Villas on Hutchinson Island

There are three different home plans; The Azalea with 3 Bedrooms, 3 & 1/2 Baths and Den in 2171 sq. ft. of living area. The Beachberry which has 3 Bedrooms, 3 Baths, Den and Office in 2,327 sq. ft. of living area.  And, the Cocoplum with with 3 Bedrooms, 3 & 1/2 Baths and Den in 2,579 sq. ft. of living area

March 2013 Market Report for Ocean Bay Villas on Hutchinson Island

March 2013 Market Report for Ocean Bay Villas on Hutchinson Island

March 2013 Market Report for Ocean Bay Villas on Hutchinson Island

All models have two car garages, 9 and 10 foot ceilings. This gated Ocean Side community features an entertainment clubhouse, fitness center, community pool and spa.  A true resort style lifestyle that can be yours everyday.

Search for all Available Ocean Bay Villas on Hutchinson Island in Stuart Florida
Search the Martin County MLS

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Hutchinson Island Florida Real Estate is presented by:
the Gabe Sanders real estate team

March 2013 Market Report for Ocean Bay Villas on Hutchinson Island

Martin County Florida Condo Market Report for January 2013

02.27.13 by

Martin County Florida Condo Market Report for January 2013

 

Commentary:

The Martin County Florida Condo Market for January 2013 continues to have its difficulties while the residential segment of the Treasure Coast real estate market is showing positive signs.  Sales for January were only 39 condos, down from 54 in December.  Similar to last year’s 37 condo sales in January.  The inventory declined to 610 condos (Down 20 from December) which is 54 condos less than were available last year.  This is the first month of decreasing inventory after 3 months of increases.  The median sales price dropped to $95,000 for January of 2013 (Was 133,000 in Jan 2012).   While the median list price rose to $179,000.  Whether this is just seasonal drop during the holiday season remains to be seen.  Typically we get more higher end condo sales in the spring season.

The one month absorption rate jumped to 15.6 months, while the three-month average rose to 13.3 months.  Still a very challenging market for condo sellers.  But quite attractive opportunities for buyers.  We need to see a sustained absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

[singlepic id=3338 w=800 h=600 float=center]
  

 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.

[singlepic id=3339 w=800 h=600 float=center]

[singlepic id=3340 w=800 h=600 float=center]

[singlepic id=3341 w=800 h=600 float=center]

 

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 January 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 January 2013

02.26.13 by

Martin County Florida Residential Market Report for January 2013

 

Commentary:

The Martin County Florida residential market report for January 2013 showed reduced sales activity which is mot unexpected as a result of slower activity from the holiday season.  But, we still showed stronger activity than for the past 3 January periods.  All this with an inventory of available homes now down by close to 50% from 2010.

Average and median sales prices were down for January.  The inventory of available homes finally showed a small increase of 49 homes.  This is positive news as the inventory was getting down to a point where there just wasn’t enough choices for willing buyers.  The one month absorption rate for January moved to 8.4 months, while the three-month average rose to 7.4 months.  A 6 month absorption rate is considered to be a balanced market, so we remain in a slight buyers market in Martin County.

February’s’s showing activity remains strong.  Some fairly positive economic data and strong positive Wall Street news should signal continuing positive real estate activity for the next few months.  Currently, I’m seeing issues with short sales as the banks seem to be reading the national statistics of increasing prices and are currently pricing many of their short sales at initially unacceptable levels.

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

[singlepic id=3342 w=800 h=600 float=center]

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.

[singlepic id=3343 w=800 h=600 float=center]

[singlepic id=3344 w=800 h=600 float=center]

[singlepic id=3345 w=800 h=600 float=center]

 

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 January 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

Martin County Florida Condo Market Report for December 2012

01.30.13 by

Martin County Florida Condo Market Report for December 2012

 

Commentary:

The Martin County Florida Condo Market for December 2012 continues to have its difficulties while the residential segment of the Treasure Coast real estate market is showing positive signs.  Sales for December were 54 units down up from 47 in November.  Pretty similar to last year’s 52 condos and equal to the 54 sold condos in December of 2010.  The inventory rose to 630 condos (up 13 from November) which is 43 condos less than were available last year.  This is the third month of increasing inventory.  If sales do not pick up by an appreciable amount, the increase in inventory will continue to drive prices down.  As evidenced by the median sales price dropping to $100,950 for December of 2012 (Was 110,000 in Dec 2011)   The median listing price was also off to $175,000.  Whether this is just seasonal drop during the holiday season remains to be seen.  Typically we get more higher end condo sales in the spring season.

The one month absorption rate decreased to 11.7 months, while the three-month average is at 12.1 months.  Still a very challenging market for condo sellers.  But quite attractive opportunities for buyers.  We need to see a sustained absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

[singlepic id=3239 w=800 h=600 float=center]
  

 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.

[singlepic id=3240 w=800 h=600 float=center]

[singlepic id=3241 w=800 h=600 float=center]

[singlepic id=3242 w=800 h=600 float=center]

 

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 December 2012

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