Jensen Beach Florida Market Report ZIP Code 34957 – Condo, May 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, May 2012

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for May 2012

For May 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the April Market Snapshot data was unavailable)

There are currently 58 active listings. ( Up 5 from April)

26 Condo sales are pending and awaiting close or lender approval. (Down 2 condos from April)

8 Condos Sold (Unchanged from April)


The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market. The current inventory remains very low, though there was a small rise this month. Pending sales remain high and closed sales were steady at 8 condos sold for the third month. With an May absorption rate of 7.3 months, the Jensen Beach condo market is very close to a balanced market.

Last May there were 55 active listings, 19 pending sales and 7 closed sales.  With the exception of a higher number of pending sales, basically this market is very similar to last year.

 

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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, May 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, May 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, May 2012

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for May 2012

For May 2012 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 139 active listings. (Up 5 homes from last month)

82 Residential sales are pending and awaiting close or lender approval. (Up 4 homes from April)

18 Homes Sold (Down 15 from April)

A second slower month for the Jensen Beach residential real estate market, zip code 34957.  Inventory rose incrementally, pending sales were up also, but sales were off by almost 50% from last month.  After a strong spring, it appears we may be off to a slower summer, though the pending sales activity is strong and could reflect in good sales for the coming months if they all close.
The May 2011 numbers were 165 active listings, 71 pending sales and 23 closed sales.  Sales were higher last year, but with a considerably larger inventory, so as a percentage, fairly similar if not marginally better numbers for the May 2012 Jensen Beach residential real estate market (ZIP Code 34957).

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, May 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, April 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, April 2012

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for April 2012

For April 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the March Market Snapshot data was unavailable)

There are currently 53 active listings. (Down 15 from March)

28 Condo sales are pending and awaiting close or lender approval. (Up 2 condos from March)

8 Condo Sold (Unchanged from March)

The Jensen Beach Condo market (zip code 34957)  is a fairly small segment of the Martin County condo market.  The current inventory has fallen to new lows with only 53 condos on the market.  Pending sales remain high and closed sales were unchanged from last month.   With an April absorption rate of 6.7 months, this is currently a balanced market.

Last April there were 61 active listings, 20 pending sales and 6 closed sales. Basically unchanged over the year.

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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, April 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, April 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, April 2012

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for April 2012

For April 2012 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 135 active listings. (Up 11 homes from last month)

78 Residential sales are pending and awaiting close or lender approval. (Down 24 homes from March)

33 Homes Sold (Down 3 from March)

After a blistering March, the Jensen Beach real estate market (ZIP Code 34957) cooled off a bit for April, but still had some positive results with 33 homes sold.  A modest increase in inventory this month and an unexpected drop in pending sales are stats that we will need to keep an eye on.  Still, quite good numbers when the fairly small inventory is considered.
The April 2011 numbers were 181 active listings, 75 pending sales and 25 closed sales.  Still better than last years numbers.  If the inventory does not grow appreciably in the next few months, I’m not expecting any significant improvement for the Jensen Beach residential real estate market (ZIP Code 34957).

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, April 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, March 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, March 2012

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for March 2012

For March 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the February Market Snapshot data was unavailable)

There are currently 68 active listings. (Unchanged from February)

26 Condo sales are pending and awaiting close or lender approval. (Up 5 condos from February)

8 Condo Sold (An increase of 6 condos from February)

The Jensen Beach Condo market (zip code 34957) for Martin County is a fairly small segment of the market.  It maintains a good active market however with a low inventory that was unchanged from February and fairly good pending data.  Closed sales were up by a good amount last month. 

Last March there were 63 active listings, 21 pending sales and 7 closed sales. Basically unchanged over the year.

 

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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, March 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, March 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, March 2012

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for March 2012

For March 2012 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 124 active listings. (Down 31 homes from last month)

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

36 Homes Sold (Down 7 from February)

Wow! The Jensen Beach real estate market (ZIP Code 34957)  had a smoking March and shows good potential for future sales.   Sales were up by 20 homes, pending sales jumped to over 100 with the inventory down to only 155 homes.  Very strong results.

The March 2011 numbers were 181 active listings, 80 pending sales and 20 closed sales.  We have considerably better numbers this year with a reduced inventory of available homes.  Very positive results.

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, March 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, February 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, February 2012

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for February 2012

For February 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the January Market Snapshot data was unavailable)

There are currently 68 active listings. (Down 2 from January)

21 Condo sales are pending and awaiting close or lender approval. (Up 5 condos from January)

2 Condo Sold (A decrease of 5 condos from January)

The Jensen Beach Condo market (zip code 34957) for Martin County is a fairly small segment of the market.  It maintains a good active market however with a low inventory and fairly good pending data.  Closed sales were down last month, but should be improving for the remainder of the season.  Last February there were 59 active listings, 21 pending sales and 5 closed sales. Basically unchanged over the year.

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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, February 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, February 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, February 2012

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for February 2012

For February 2012 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 155 active listings. (Down 140 homes from last month)

91 Residential sales are pending and awaiting close or lender approval. (Down 5 homes from January)

16 Homes Sold (Down 7 from January)

The Jensen Beach real estate market (ZIP Code 34957)  had a strong February and shows good potential for future sales.  I have changed the way I collect data for this zip code and am using homes only in Martin County with the 34957 zip code and excluding the saint Lucie County homes.  So, past comparisons for the next few months will be skewed as I have no way to go back and extrapolate the data from past market snapshots.

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, February 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, January 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, January 2012

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for January 2012

For January 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the December Market Snapshot data was unavailable)

There are currently 70 active listings. (Up 5 from December)

16 Condo sales are pending and awaiting close or lender approval. (Up 5 condos from December)

7 Condo Sold (An increase of 1 condo from December)

This is the second month of improved results for the Jensen Beach Florida Condo Market (ZIP Code 34957).  The inventory ticked up a little in January, but this isn’t necessarily bad news the amount of available products is fairly low.  Pending sales were up as well as a small increase in closed sales.   Last January there were 61 active listings, 20 pending sales, and 5 closed sales.  Basically unchanged over the year.

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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, January 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, January 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, January 2012

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for January 2012

For January 2012 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 293 active listings. (An increase of 14 homes from last month)

96 Residential sales are pending and awaiting close or lender approval. (Up 21 homes from December)

23 Homes Sold (Down 2 from December)

The Jensen Beach real estate market (ZIP Code 34957) showed an inventory this month.  The good news is that there was a significant increase in pending sales which shows good activity and should result in increased closed sales in the near future.  Closed sales were off slightly.   Last January there were 185 active listings, 69 pending sales, and 8 closed sales.   Jensen beach, unlike most other segments of our market on the Treasure Coast, has shown an increase in inventory over the past year.

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, January 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, December 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, December 2011

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for December 2011

For December 2011 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the November Market Snapshot data was unavailable)

There are currently 65 active listings. (Up 6 from November)

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

6 Condo Sold (An increase of 4 condos from November)

After two months of disappointing results for the Jensen Beach condo market report (ZIP Code 34957), we’ve had a slight improvement for December.   Inventory, unfortunately, has also been creeping back up which will continue to exert some strong negative price pressures.  There does appear to be increasing activity as the season approaches and we’ll see if the market picks up for 2012.

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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, December 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, December 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, December 2011

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for December 2011

For December 2011 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 279 active listings. (An decrease of 3 homes from last month)

75 Residential sales are pending and awaiting close or lender approval. (A decrease of 5 homes from November)

25 Homes Sold (Up 9 from November)

The Jensen Beach real estate market (ZIP Code 34957) showed a small decrease in inventory this month, yet are still more than 40 homes less than last December, while having a greater number of sales than last year (an increase from last month).  Also almost 20 more pending sales than last December which is a slight decrease from last month.

Of the closed sales in the past few months, there are a significantly higher number of homes in the medium to upper price ranges as compared to the past few years, showing a renewed interest in the medium and upper end of the market. Provided the numbers for distressed homes don’t increase in 2012, we should see continued growth and good activity in the Jensen Beach, Florida real estate market.

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, December 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, November 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, November 2011

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for November 2011

For November 2011 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the October Market Snapshot data was unavailable)

There are currently 59 active listings. (Down 1 from October)

12 Condo sales are pending and awaiting close or lender approval. (Unchanged from October)

2 Condo Sold (A decrease of 7 condos from October)

Last month’s disappointing results for the Jensen Beach condo market report (ZIP Code 34957) has continued into November.  At least the inventory didn’t increase and there were 2 sales this month as opposed to last month’s 1.   Last year at this time, 3 sales, 24 pending sales and 65 active listings.  In the residential segment (single-family homes) of the market, we’ve seen a marked improvement over the past year.  In the condo market, this hasn’t been the case.

Speculating on the reasons for this could be the current low prices of single-family units.  The difficulty of obtaining financing for condos in this lending environment and the nervousness regarding the economy and future are being felt by the more senior set that tend to go for the condo type of housing.  Condo sales tend to be more active after the holidays and we will hopefully see an increase in activity following the holiday season.

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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, November 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, November 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, November 2011

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for November 2011

For November 2011 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 152 active listings. (An increase of 6 from last month)

80 Residential sales are pending and awaiting close or lender approval. (A decrease of 4 homes from October)

16 Homes Sold (Up 10 from October)

The Jensen Beach real estate market (ZIP Code 34957) showed a small increase in inventory this month, yet is still more than 30 homes less than last November, while still having the same number of sales as last year (an increase from last month.  Also almost 30 more pending sales from last November which is a slight decrease from last month. 

Of the closed sales in the past few months, there are a significantly higher number of homes in the medium to upper price ranges as compared to the past few years, showing a renewed interest in the medium and upper end of the market.  Provided the numbers for distressed homes don’t increase in 2012, we should see continued growth and good activity in the Jensen Beach, Florida real estate market.

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, November 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, October 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, October 2011

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for October 2011

For October 2011 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the September Market Snapshot data was unavailable)

There are currently 60 active listings. (Up 5 from September)

12 Condo sales are pending and awaiting close or lender approval. (Up 2 from September)

1 Condo Sold (A decrease of 7 condos from September)

Very disappointing results for the Jensen Beach condo market report (ZIP Code 34957).  Only 1 closed sale, a decrease in pending activity as well as an increase in supply (active listings).   Typically we are now in the slow season for this segment of the Martin County real estate market.  We may see some more rise in inventory before the activity starts to pick up, typically in the new year.  We think that the secondary vacation market for condos is currently very dependent on consumer confidence and should do well if the economy picks up.

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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, October 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, October 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, October 2011

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for October 2011

For October 2011 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 146 active listings. (A decrease of 7 from last month)

84 Residential sales are pending and awaiting close or lender approval. (An increase of 4 homes from September)

6 Homes Sold (Down 13 from September)

The Jensen Beach real estate market (ZIP Code 34957) had disappointing closed sales numbers for October.  However, inventory declined and pending sales (homes under contract but not yet closed) were up.  This is showing a fairly stable market for this time of year.  As we head into the holiday season, numbers should remain modest as activity tends to decrease at this time of the year.  We should see a gradual increase beginning in January.

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, October 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, September 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, September 2011

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for September 2011

For September 2011 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the August Market Snapshot data was unavailable)

There are currently 55 active listings. (Up 4 from August)

10 Condo sales are pending and awaiting close or lender approval. (Down 5 from August)

8 Condos Sold (An increase of 3 condos from August)

The Jensen Beach condo market report (ZIP Code 34957) showed a slow month for September 2011 with only sales showing a positive result with an increase of 3 since August.  Pending sales are off as well as a rising inventory.

As long as the inventory doesn’t increase appreciably this should be a good winter for Jensen Beach condo sales, though prices probably will not increase yet.  Should the inventory continue to increase, pressure will be on prices and may show some more decreases in the future.

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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, September 2011

Jensen Beach Florida Market Report ZIP Code 34957

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, September 2011

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for September 2011

For September 2011 in the 34957 Zip Code area of Jensen Beach, Florida :
There are currently 153 active listings. (A decrease of 3 from last month)

80 Residential sales are pending and awaiting close or lender approval. (An increase of 5 homes from August)

19 Homes Sold (Up 1 from August)

The Jensen Beach real estate market (ZIP Code 34957) is bucking the trend from the rest of Martin County.  While other sections of Stuart and Palm City showed increasing inventories, decreases in pending sales as well as completed sales, Jensen Beach showed gains across the board. This is a very strong result as often during the early fall we see a decrease in sales and contracts while many homeowners in a misguided attempt to time the market put their homes on the market in an attempt to capture the seasonal shopper. We hope to see a strong winter for the Jensen Beach real estate market.

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, September 2011

Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34957, Condo Sales for August 2011

Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34957, Condo Sales for August 2011

For August 2011 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the July Market Snapshot data was unavailable)

There are currently 51 active listings. (Down 10 from June)

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

5 Condos Sold (Unchanged from June)

The condo market for zip code 34957 in Jensen Beach saw no change in the number of closed units for August.  This is somewhat better than expected as the condo market tends to be more seasonal in nature and typically slows down until the beginning of the Florida vacation season, which is normally around and after the holidays.  The inventory further decreased which is a good sign as there is less supply of available units. Unfortunately, there is the possibility of an increase in seasonal listings coming on the market this fall, which could further dilute prices for sales this coming season.

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Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34997, Condo Sales for August 2011

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Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34957, Residential Sales for August 2011

Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34957, Residential Sales for August 2011

For August 2011 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 153 active listings. (A decrease of 10 from last June)

75 Residential sales are pending and awaiting close or lender approval. (A decrease of 2 homes from June)

18 Homes Sold (Up 6 from June and down 2 from July)

The Jensen Beach, Florida real estate market continues to show improvements with inventory levels now approaching pre-bubble levels.  Homes priced within market value ranges are enjoying relatively short market days and both foreclosure and short sales are grabbed up in minimum time.   Current pending sales tend to be skewed towards the lower price ranges as very affordable loan rates are making home ownership much more attractive of an alternative to renting for anyone that can qualify for a loan.  

I expect good movement this fall and winter in the mid to upper segment of the Jensen beach real estate market if we get some positive economic news locally and from Washington.

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Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for August 2011