April 2015 Monthly Market Detail Florida Townhouses and Condos

05.27.15 by

April 2015 Monthly Market Detail Florida Townhouses and Condos

The April 2015 Monthly Market Detail Florida Townhouses and Condos continued to show improvement from last year.  The volume of activity increases has moderated a little.  Closed sales were up by 8.1% as compared to last months increase of 13.7% and new sales under contract (new pending sales) increased by 0.6% (March’s increase was 6.5%).

Both median and average sales prices also continue to rise.  Increases of (year to year) 10.3% and 6.1% respectively (in March they were up by 8.6% and 7.5%).  Excellent gains for sellers in the Florida market.  Buyers should consider making their move earlier than later if at all possible as price gains are showing no signs of stabilizing or decreasing.

The inventory increased slightly by 1.7% for April.  This was the fourth month of increasing inventory after two months of flat numbers. For April 2015 we have 6 months of inventory (was 6.1 months in March) also was 6.0 from last April.  Essentially a balanced real estate market as a 6 months inventory supply is considered a balanced market.

April 2015 Monthly Market Detail Florida Townhouses and Condos

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:
April 2015 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 2015 Monthly Market Detail Florida Townhouses and Condos

Hobe Sound FL 33455 Condo Market Report April 2015

05.25.15 by

Hobe Sound FL 33455 Condo Market Report April 2015

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for April 2015

 

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

 

There are currently 10 active condo listings. (Up by 2 condos from March)

Hobe Sound FL 33455 Condo Market Report April 2015

2 Condo sale is pending and awaiting close. (Down by 7 condos from March)

Hobe Sound FL 33455 Condo Market Report April 2015

5 Condos sold in March (Increased by 1 condo from March)

Hobe Sound FL 33455 Condo Market Report April 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  As we deplete the pending inventory with closed sales, this will continue to be a difficult segment of the Martin County condo market until we get more inventory of available condos.

The current absorption rate is 2 months (Last month it was 2 months also). The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that April not indicate a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The April 2014 numbers were: 21 active listings, 6 pending sales and 5 closed sales.  Similar closed sales activity to last year, but with less than half the available inventory, pending sales are down and I expect to see much reduced activity in the coming months without an increase in inventory.

Hobe Sound FL 33455 Condo Market Report April 2015

Search Hobe Sound Condominium Properties by Price

 

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report April 2015

 

Hutchinson Island Oceanfront Condo Under Contract

05.24.15 by

Hutchinson Island Oceanfront Condo Under Contract

This gorgeous Oceana oceanfront corner condo located at 10600 S Ocean Drive Suite 810 is now under contract.  The BlueWater Realty Team wants to thank all that have shown it.

Oceana South Condos in Jensen Beach

Spectacular views, completely updated, southeast exposure, wraparound balcony, corner unit, 8th floor with ocean and river views in Oceana South. Travertine 18″ diagonal tile, updated stainless steel and granite kitchen, breakfast bar. Walk-in closets in both bedrooms, new vanities and light fixtures in both baths, hurricane accordion shutters. Amenities include 2 swimming pools, 1 heated, a jacuzzi spa, gazebo, picnic tables, outdoor grill, exercise room, banquet room, library in clubhouse, and 2 large screen TVs with sitting areas. This is a secure building with a gated entry and secured lobby area. Boardwalk to beach. Florida living at it’s finest. Best gated building with great reserves and management.


Ocean Front Condo – Corner Unit

Overview

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Photos

Description
$369,900
Single Family Home
Main Features
2 Bedrooms
2 Bathrooms
Interior: 1,554 sqft
Year Built: 1982
MLS #: 380636
Location
10600 S Ocean Drive
#810
Jensen Beach, FL 34957
USA
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The Oceana South Condo building on Hutchinson Island in Jensen Beach FL was completed in 1982.  This is a direct ocean front building with 126 units in 12 stories.  Oceana South has two pools, Jacuzzi, tennis courts, exercise room, billiards, club house, picnic area, car wash and is a gated complex with direct access to your own beach.

Condo sizes vary from corner units with wrap around balconies that have 2 bedrooms and 2 bathrooms and feature 1,119 sq. ft. of living area under air, while the interior 2 bedroom, 2 bath condos have 1,023 sq. ft. with smaller balconies.  There are also 1 bedroom, 2 bath units with 89 sq. ft. of living area.  One lucky owner does have a penthouse double unit with 2,142 sq. ft. with 3 bedrooms and 3 baths.

Condo fees as of the time this information was written (Jan 2015), range from $1,350 to $1,475 per quarter.  These fees include building insurance, reserve funds, management and use of all the common areas.  1 pet under 30 lbs. is permitted (or two pets of 15 lbs. or less) and rentals are allowed with a minimum duration limit.

Oceana South is an excellent choice for those wishing to escape the harsh northern winters and enjoy a relaxing beach lifestyle with wonderful friendly neighbors.

Search here for currently available Oceana South Condos in Jensen Beach

Search the MLS for Sandpebble Condos

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
Admiral – Atlantis – Claridge – Dune Walk – Empress – Island Club –  Island Crest – Island Dunes – Islandia – Miramar – Miramar Royale – Ocean Dunes – Oceana North – Oceana Oceanfront – Ocean Towers – Oceanrise  – Ocean Bay Villas – Princess –  Regency – Sand Dollar Shores – Sea Winds – Villa del Sol

 Hutchinson Island Oceanfront Condo Under Contract

Stuart FL 34997 Condo Market Report April 2015

05.19.15 by

Stuart FL 34997 Condo Market Report April 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2015

 

For April 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 43 active condo listings (Unchanged from March).

1 active

30 Condo sales are pending and awaiting close or lender approval (Decreased by 1 condos from March).

2 pending

18 Condos Sold in April (Increased by 3 condos from March).

Stuart FL 34997 Condo Market Report April 2015

The Stuart FL condo market for zip code 34997 continues to be red hot.   The biggest issue is that we are down to a very small inventory of available condos.  Those that do come on the market sell quickly as you can see from the absorption rate below.
The one month absorption rate is now a very striking 2.4 months after last months amazing 2.9 month rate.  Continuing as an extreme seller’s market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The April 2014 numbers were: 83 active listings, 39 pending sales and 25 closed sales.   We are down to approximately half of last year’s inventory, yet pending and closed sales remain quite strong.

Stuart FL 34997 Condo Market Report April 2015

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Stuart Florida Real Estate presented by:
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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2015

 

 

Stuart FL 34996 Condo Market Report April 2015

05.17.15 by

Stuart FL 34996 Condo Market Report April 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for April 2015

For April 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 110 active condo listings (Unchanged from last month).

Stuart FL 34996 Condo Market Report April 2015

55 Condo sales are pending and awaiting close or lender approval (Decreased by 6 condos from March).

Stuart FL 34996 Condo Market Report April 2015

23 Condos Sold in April (Decreased by 13 condos from March) 

Stuart FL 34996 Condo Market Report April 2015

The Stuart FL 34996 Condo Market was very strong for April.  Activity eased slightly from last month’s hot pace, but this is still a strong market with a lot of activity.  While both pending and closed sales were off from last month, this is still a hot area for Stuart condos.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 4.8 months from March’s 3.1 months .  Still a strong sellers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for April 2014 were: 142 active listings, 46 pending sales and 41 closed sales.  Better closed activity for last year, but with considerably more inventory.  Also, better pending activity this year, which may mean good sales activity in the coming months.

Stuart FL 34996 Condo Market Report April 2015

Search Stuart FL Condos by Price Below:

Stuart Florida Real Estate presented by:
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Stuart FL 34996 Condo Market Report April 2015

Stuart FL 34994 Condo Market Report April 2015

05.15.15 by

Stuart FL 34994 Condo Market Report April 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for April 2015

For April 2015 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 93 active condo listings (Decreased by 2 condos from March).

Stuart FL 34994 Condo Market Report April 2015

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

Stuart FL 34994 Condo Market Report April 2015

19 Condos Sold in April (Unchanged from March).

Stuart FL 34994 Condo Market Report April 2015

The Stuart FL 34994 Condo market showed strong activity for April 2015.  Very similar activity to last month with a drop in pending sales which may indicate a decrease in future closed sales.

The one month absorption rate decreased to 4.9 months compared to last month’s 5.0.  Continuing as a seller’s market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last April the numbers were 111 active listings, 56 pending sales, and 23 closed sales. For the 34994 zip code area of Stuart, this year’s activity is not quite as robust as it was for April 2014.

Stuart FL 34994 Condo Market Report April 2015

Search for Stuart FL Condos by Price Below:

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Stuart Florida Market Report ZIP Code 34994 – Condo, April 2015

Lakes at Savannahs Condo Pending

05.14.15 by

Lakes at Savannahs Condo Pending

Lakes at Savannahs Condo

Gorgeous and spacious Lakes at Savannahs Condo is now [ending with the buyer from the BlueWater realty team’s internet site.

 Lakes at Savannahs Condo

This beautiful fully updated end unit is full of charm! Brand new A/C and hot water heater put in three months ago! Tile floors/wood laminate throughout the home. The kitchen is decorated with a tile back splash, stainless steel appliances and opens up to a naturally lighted living area. The master bedroom has full walk in closets and opens up to a relaxing lake side porch. Enjoy the community amenities which include a heated community pool, a putting green, tennis courts, private dog park, a large club house for entertaining as well as a gym and a private library perfect for studying or relaxing. Don’t miss out on this!

Lakes at Savannahs Condo Lakes at Savannahs Condo

Lakes at Savannahs Condo Lakes at Savannahs Condo

For a personal condo search in either Saint Lucie or Martin County, call the Gabe Sanders BlueWater Realty Team at 772-323-6996 or visit our web site.

Lakes at Savannahs Condo lake

March 2015 Monthly Market Detail Florida Townhouses and Condos

04.26.15 by

March 2015 Monthly Market Detail Florida Townhouses and Condos

The March 2015 Monthly Market Detail Florida Townhouses and Condos continued a second month of very strong activity after a weak start to 2015.  Closed sales were up by 13.7% as compared to last months increase of 7.4% and new sales under contract (new pending sales) increased by 6.5% (February’s increase was 7.5%).

Both median and average sales prices also continue to rise.  Increases of (year to year) 8.6% and 7.5% respectively (in February they were up by 8.3% and 6.6%).  Excellent gains for sellers in the Florida market.  Buyers should consider making their move earlier than later if at all possible.

The inventory increased by 2.1% for March.  This was the third month of increasing inventory after two months of flat numbers. For March 2015 we have a 6.1 months of inventory (was 6.2 months in February) which is up from 6.0 from last year.  Essentially a balanced real estate market as a 6 months inventory supply is considered a balanced market.

Florida Townhouses and Condos

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:
March 2015 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 2015 Monthly Market Detail Florida Townhouses and Condos

Hobe Sound FL 33455 Condo Market Report March 2015

04.22.15 by

Hobe Sound FL 33455 Condo Market Report March 2015

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for March 2015

 

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

 

There are currently 8 active condo listings. (Down by 11 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2015

9 Condo sale is pending and awaiting close. (Up by 4 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2015

4 Condos sold in February (Increased by 1 condo from February)

Hobe Sound FL 33455 Condo Market Report March 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory is at the lowest level that I have seen for Hobe Sound condos ever.  We have a greater number of pending sales than we have active listings!

The current absorption rate is 2 months (Last month it was 6.3 months). The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that March not indicate a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The March 2014 numbers were: 22 active listings, 7 pending sales and 3 closed sales.  Much stronger activity this year, especially as a percentage of activity when compared to available listings.

Hobe Sound FL 33455 Condo Market Report March 2015

Search Hobe Sound Condominium Properties by Price

 

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report March 2015

 

Hutchinson Island Oceanfront Condo Price Reduced

04.17.15 by

Hutchinson Island Oceanfront Condo Price Reduced

The new price for this Oceana oceanfront corner condo is $369,900.  The address is 10600 S Ocean Drive and it is unit 810.

Oceana South Condos in Jensen Beach

Spectacular views, completely updated, southeast exposure, wraparound balcony, corner unit, 8th floor with ocean and river views in Oceana South. Travertine 18″ diagonal tile, updated stainless steel and granite kitchen, breakfast bar. Walk-in closets in both bedrooms, new vanities and light fixtures in both baths, hurricane accordion shutters. Amenities include 2 swimming pools, 1 heated, a jacuzzi spa, gazebo, picnic tables, outdoor grill, exercise room, banquet room, library in clubhouse, and 2 large screen TVs with sitting areas. This is a secure building with a gated entry and secured lobby area. Boardwalk to beach. Florida living at it’s finest. Best gated building with great reserves and management.

Oceana South Condos in Jensen Beach

The Oceana South Condo building on Hutchinson Island in Jensen Beach FL was completed in 1982.  This is a direct ocean front building with 126 units in 12 stories.  Oceana South has two pools, Jacuzzi, tennis courts, exercise room, billiards, club house, picnic area, car wash and is a gated complex with direct access to your own beach.

Oceana South Condos in Jensen Beach Oceana South Condos in Jensen Beach

Condo sizes vary from corner units with wrap around balconies that have 2 bedrooms and 2 bathrooms and feature 1,119 sq. ft. of living area under air, while the interior 2 bedroom, 2 bath condos have 1,023 sq. ft. with smaller balconies.  There are also 1 bedroom, 2 bath units with 89 sq. ft. of living area.  One lucky owner does have a penthouse double unit with 2,142 sq. ft. with 3 bedrooms and 3 baths.

Oceana South Condos in Jensen Beach Oceana South Condos in Jensen Beach

Condo fees as of the time this information was written (Jan 2015), range from $1,350 to $1,475 per quarter.  These fees include building insurance, reserve funds, management and use of all the common areas.  1 pet under 30 lbs. is permitted (or two pets of 15 lbs. or less) and rentals are allowed with a minimum duration limit.

Oceana South Condos in Jensen Beach Oceana South Condos in Jensen Beach

Oceana South is an excellent choice for those wishing to escape the harsh northern winters and enjoy a relaxing beach lifestyle with wonderful friendly neighbors.

Search here for currently available Oceana South Condos in Jensen Beach

Search the MLS for Sandpebble Condos

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
Admiral – Atlantis – Claridge – Dune Walk – Empress – Island Club –  Island Crest – Island Dunes – Islandia – Miramar – Miramar Royale – Ocean Dunes – Oceana North – Oceana Oceanfront – Ocean Towers – Oceanrise  – Ocean Bay Villas – Princess –  Regency – Sand Dollar Shores – Sea Winds – Villa del Sol

 Hutchinson Island Oceanfront Condo Price Reduced

Stuart FL 34997 Condo Market Report March 2015

04.15.15 by

Stuart FL 34997 Condo Market Report March 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

For March 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 43 active condo listings (Down by 1 condo from February).

Stuart FL 34997 Condo Market Report March 2015

31 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from February).

Stuart FL 34997 Condo Market Report March 2015

15 Condos Sold in March (Increased by 2 condos from February).

Stuart FL 34997 Condo Market Report March 2015

The Stuart FL condo market for zip code 34997 is showing very strong sales activity.  Unfortunately the available inventory of condos for sale is now very low and will impact future sales.  For this month, both closed and pending sales activity increased.
The one month absorption rate is now a very striking 2.9 months after last months amazing 3.4 month rate.  Continuing as an extreme seller’s market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The March 2013 numbers were: 90 active listings, 45 pending sales and 10 closed sales.   Strong activity as compared to last year, but with less than half of the available inventory of condos for sale in this zip code.

Stuart FL 34997 Condo Market Report March 2015

Search for Stuart Condos for Sale by Price:

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

 

Stuart FL 34997 Condo Market Report March 2015

04.15.15 by

Stuart FL 34997 Condo Market Report March 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

For March 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 43 active condo listings (Down by 1 condo from February).

Stuart FL 34997 Condo Market Report March 2015

31 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from February).

Stuart FL 34997 Condo Market Report March 2015

15 Condos Sold in March (Increased by 2 condos from February).

Stuart FL 34997 Condo Market Report March 2015

The Stuart FL condo market for zip code 34997 is showing very strong sales activity.  Unfortunately the available inventory of condos for sale is now very low and will impact future sales.  For this month, both closed and pending sales activity increased.
The one month absorption rate is now a very striking 2.9 months after last months amazing 3.4 month rate.  Continuing as an extreme seller’s market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The March 2013 numbers were: 90 active listings, 45 pending sales and 10 closed sales.   Strong activity as compared to last year, but with less than half of the available inventory of condos for sale in this zip code.

Stuart FL 34997 Condo Market Report March 2015

Search for Stuart Condos for Sale by Price:

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

 

Stuart FL 34996 Condo Market Report March 2015

04.13.15 by

Stuart FL 34996 Condo Market Report March 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for March 2015

For March 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 110 active condo listings (Down by 12 condos from last month).

Stuart FL 34996 Condo Market Report March 2015

61 Condo sales are pending and awaiting close or lender approval (Increased by 1 condos from February).

Stuart FL 34996 Condo Market Report March 2015

36 Condos Sold in March (Increased by 11 condos from February) 

Stuart FL 34996 Condo Market Report March 2015

The Stuart FL 34996 Condo Market was very strong for March.  This is the height of our condo season for those purchasing second home getaways from the cold and snowy conditions up north as well as those moving here permanently for a more relaxed and convenient Florida lifestyle.  Sales and pending sales both increased and remained strong.  Unfortunately our inventory is down to historically low levels.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 3.1 months from February’s 4.9 months .  Moving to a pretty extreme sellers’ market for March.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for March 2013 were: 150 active listings, 55 pending sales and 34 closed sales.  Even with close to 30% less inventory, there was better sales and pending activity for this year as opposed to March 2014.

Stuart FL 34996 Condo Market Report March 2015

Search Stuart FL Condos by Price Below:

Stuart Florida Real Estate presented by:
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Stuart FL 34996 Condo Market Report March 2015

Hutchinson Island Oceanfront Condo Open House

04.11.15 by

Hutchinson Island Oceanfront Condo Open House

OPEN HOUSE, April 14, Tuesday 9:30 AM – 12:00 PM
10600 S Ocean Drive #810, Jensen Beach, FL
Get Directions Click Here
Description Photos Maps & Local Schools Virtual Tour
$ Click for current price
2 BEDROOMS
2 BATHROOMS (2 full)
1554 Square Feet
Spectacular views, completely updated, southeast exposure, wraparound balcony, corner unit, 8th floor with ocean and river views in Oceana South. Travertine-look 18″ diagonal tile, updated stainless steel and granite kitchen, breakfast bar. Walk-in closets in both bedrooms, new vanities and light fixtures in both baths, hurricane accordion shutters. Amenities include 2 swimming pools, 1 heated, a jacuzzi spa, gazebo, picnic tables, outdoor grill, exercise room, banquet room, library in clubhouse, and 2 large screen TVs with sitting areas. This is a secure building with a gated entry and secured lobby area. Boardwalk to beach. Florida living at it’s finest. Best gated building with great reserves and management.
Search Hurchinson Island Condos for Sale
Jensen Beach FL Condos for Sale
Stuart Florida Condos For Sale
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Stuart FL 34994 Condo Market Report March 2015

04.10.15 by

Stuart FL 34994 Condo Market Report March 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for March 2015

For March 2015 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 95 active condo listings (Same number of condos from February).

Stuart FL 34994 Condo Market Report March 2015

46 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from last month) 

Stuart FL 34994 Condo Market Report March 2015

19 Condos Sold in March (Up by 7 condos from February).

Stuart FL 34994 Condo Market Report March 2015

The Stuart FL 34994 Condo market showed strong activity for March 2015.  The inventory remained stable while pending sales also remained similar, though very strong.  Closed sales were up.

The one month absorption rate decreased to 5 months compared to last month’s 7.9.  Back into a seller’s market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last March the numbers were 111 active listings, 55 pending sales, and 13 closed sales.  Considerably less inventory for this year compared to 2014, but closed sales are greater this year, while pending sales are lower.

Stuart FL 34994 Condo Market Report March 2015

Search for Stuart FL Condos by Price Below:

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Stuart Florida Market Report ZIP Code 34994 – Condo, March 2015

Pine Ridge at Martin Downs Condo Sold

03.30.15 by

Pine Ridge at Martin Downs Condo Sold

Pine Ridge Condos at Martin Downs

Sorry, this Pine ridge condo is no longer available.  Under contract in 5 days and it has now sold.  The sales price was $92,500.  For more Palm City real estate opportunities, contact the Gabe Sanders BlueWater realty team, here.

Pine Ridge Condos at Martin Downs Pine Ridge Condos at Martin Downs

Great opportunity to own a 2 bedroom, 2 bath unit in the desirable Pine Ridge Condos under $100,000.  First floor unit, tile on the diagonal, screen patio, eat-in kitchen, full size washer & dryer in separate laundry room inside unit, master has  new fabulous tiled walk-in shower with new vanity and tank-less hot water. End unit located in back of building with lots of privacy. Furniture negotiable.

February 2015 Monthly Market Detail Florida Townhouses and Condos

03.27.15 by

February 2015 Monthly Market Detail Florida Townhouses and Condos

The February 2015 Monthly Market Detail Florida Townhouses and Condos for the state of Florida showed some excellent gains after a weak start to 2015.  Closed sales were up by 7.4% as compared to last months decrease of 11.3% and new sales under contract (new pending sales) increased by 7.5% (January’s decrease was 0.8%).

Both median and average sales prices, however, continue to rise.  Increases of (year to year) 8.3% and 6.6% respectively (in January they were up by 5.4% and 3.2%).  Once again picking up momentum to fairly hgh year to year increased rates.

The inventory increased by 3% for February.  This was the second month of increasing inventory after two months of flat numbers. For February 2015 we have a 6.2 months supply of inventory (was also 6.2 months in January) which is up from 6.1% from last year.  A 6 months inventory supply is considered a balanced market.  The townhouse and condo market for Florida continues to lag in performance from the single family real estate market.

February 2015 Monthly Market Detail Florida Townhouses and Condos

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:
February 2015 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.

February 2015 Monthly Market Detail Florida Townhouses and Condos

Hobe Sound FL 33455 Condo Market Report February 2015

03.22.15 by

Hobe Sound FL 33455 Condo Market Report February 2015

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for February 2015

 

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

 

There are currently 19 active condo listings. (Up by 2 condos from January)

Hobe Sound FL 33455 Condo Market Report February 2015

5 Condo sale is pending and awaiting close. (Up by 2 condos from January)

Hobe Sound FL 33455 Condo Market Report February 2015

3 Condos sold in January (Unchanged from January)

Hobe Sound FL 33455 Condo Market Report February 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory rose for February for the third month in a row.  A welcome sight.   Pending sales also rose while closed sales remained unchanged.

The current absorption rate is 6.3 months (Last month it was 5.7 months). The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that February not indicate a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The February 2014 numbers were: 23 active listings, 3 pending sales and 3 closed sales.  Similar activity to last year.

Hobe Sound FL 33455 Condo Market Report February 2015

Search Hobe Sound Condominium Properties by Price

 

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report February 2015

 

Stuart FL 34997 Condo Market Report February 2015

03.15.15 by

Stuart FL 34997 Condo Market Report February 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2015

 

For February 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 44 active condo listings (Unchanged from January).

Stuart FL 34997 Condo Market Report February 2015

25 Condo sales are pending and awaiting close or lender approval (Increased by 8 condos from January).

Stuart FL 34997 Condo Market Report February 2015

13 Condos Sold in February (Increased by 2 condos from January).

Stuart FL 34997 Condo Market Report February 2015

The Stuart FL condo market for zip code 34997 continues to show very strong activity while inventory levels remain at uncomfortably low levels.  For February 2015, both closed and pending sales saw increase.
The one month absorption rate dropped again to 3.4 months after last months amazing 4 month rate.  Continuing as an extreme seller’s market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The February 2013 numbers were: 91 active listings, 37 pending sales and 9 closed sales.   We have less than half of last years’ condo inventory for the 34997 zip code area of Stuart FL.  Yest activity is almost as robust as last year.  This is a very strong market for sellers and prices are being driven up by demand while there’s little supply.

Stuart FL 34997 Condo Market Report February 2015

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Stuart Florida Real Estate presented by:
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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2015

 

 

Stuart FL 34996 Condo Market Report February 2015

03.13.15 by

Stuart FL 34996 Condo Market Report February 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for February 2015

For February 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 122 active condo listings (Down by 3 condos from last month).

Stuart FL 34996 Condo Market Report February 2015

60 Condo sales are pending and awaiting close or lender approval (Decreased by 2 condos from January).

Stuart FL 34996 Condo Market Report February 2015

25 Condos Sold in February (Increased by 2 condos from January) 

Stuart FL 34996 Condo Market Report February 2015

The Stuart FL 34996 Condo Market continues to show strong results for 2015.  My biggest concern is the continued decrease in inventory from last year.  This is somewhat surprising as prices are going up and I would have thought more condo owners would be listing during our peak season.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 4.9 months from January’s 5.4 months .  Moving to an even stronger sellers’ market for February.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for February 2013 were: 171 active listings, 52 pending sales and 30 closed sales.  When the decreased inventory for this year is factored into the data, the sales activity is better this year by percentage of available condos.

Stuart FL 34996 Condo Market Report February 2015

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Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report February 2015