Stuart Florida Market Report ZIP Code 34996 – Condo, April 2013

05.18.13 by

Stuart Florida Market Report ZIP Code 34996 – Condo, April 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for April 2013

For April 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 191 active condo listings (Up 7 from last month).

[singlepic id=3597 w=600 h=600 float=center]

[singlepic id=3598 w=600 h=600 float=center]

 

44 Condo sales are pending and awaiting close or lender approval (A decrease of 15 condos from March).

[singlepic id=3599 w=600 h=600 float=center]

 

32 Condos Sold in April (Down by 10 from March)

[singlepic id=3600 w=600 h=600 float=center]

[singlepic id=3601 w=600 h=600 float=center]

[singlepic id=3602 w=600 h=600 float=center]

 

After an exceptional March the Stuart Florida Market Report ZIP Code 34996 for Condos eased a bit for April.   Both pending and closed sales were off.  Also, bucking the trend from most of our other areas, inventory rose modestly.  After a very strong early spring it appears that this section of the Martin County condo market has eased a bit.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo rose to 6 months.  This market has now shifted back to a balanced market for April of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for April 2012 were: 191 active listings, 52 pending sales and 26 closed sales.  Even though we eased a bit from last month, market activity is still stronger than last year.

Search here for Stuart Florida Real Estate for Sale ( Condos)

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Florida Market Report ZIP Code 34996 – Condo, April 2013

Stuart Florida Market Report ZIP Code 34994 – Condo, April 2013

05.16.13 by

Stuart Florida Market Report ZIP Code 34994 – Condo, April 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for April 2013

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

 

There are currently 118 active condo listings (Decreased by 9 condos from March).

[singlepic id=3591 w=600 h=600 float=center]

[singlepic id=3592 w=600 h=600 float=center]


 

43 Condo sales are pending and awaiting close or lender approval. (Down 13 condos from last month)

[singlepic id=3593 w=600 h=600 float=center]

 

28 Condos Sold in April (Increased by 15 condos from March).

[singlepic id=3594 w=600 h=600 float=center]

[singlepic id=3595 w=600 h=600 float=center]

[singlepic id=3596 w=600 h=600 float=center]

 

Mixed signals for the Stuart Condo market for zip code 34994.   Pending sales were off from March while closed sales more than doubled.   The inventory also continued it’s decline.  This low inventory will be responsible for a decreasing market numbers in the coming months.

The one month absorption rate dropped to 4.2 months, which for April is a significant shift 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 April the numbers were 147 active listings, 43 pending sales, and 15 closed sales.  Much better sales activity this year.  This with almost a 50% lower inventory.

Search here for Stuart Florida Real Estate for Sale ( Condos)

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

Stuart Florida Market Report ZIP Code 34994 – Condo, April 2013

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.

[singlepic id=3524 w=800 h=600 float=center]

[singlepic id=3525 w=800 h=600 float=center]

[singlepic id=3526 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 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


Hobe Sound Florida Market Report ZIP Code 33455 – Condo, March 2013

04.27.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, March 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for March 2013

 

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

 

There are currently 22 active condo listings. (Up by 4 condos from February)

[singlepic id=3487 w=600 h=600 float=center]

[singlepic id=3488 w=600 h=600 float=center]

 

9 Condo sales are pending and awaiting close or lender approval. (Unchanged from February)

[singlepic id=3489 w=600 h=600 float=center]

 

2 Condos sold in March (Down 2 from February)

[singlepic id=3490 w=600 h=600 float=center]

[singlepic id=3491 w=600 h=600 float=center]

[singlepic id=3492 w=600 h=600 float=center]

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  We had a small increase in inventory making the number of available condos go up to 22.  Sales were off and pending sales remained unchanged.

The one month absorption rate jumped to 11months, signifying a return to a buyer’s market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. 

The March 2012 numbers were:  38 active listings, 7 pending sales and 5 closed sales.  Difficult to make comparisons from last year with such a small sampling of available units.  When inventory differences are accounted for, closed sales are very similar.


Search here for Hobe Sound Florida Real Estate for Sale ( Condos)
Search for Martin County Real Estate

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, March 2013

 

Stuart Florida Market Report ZIP Code 34994 – Condo, March 2013

04.17.13 by

Stuart Florida Market Report ZIP Code 34994 – Condo, March 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for March 2013

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

There are currently 127 active condo listings (A drop of 7 condos from February).

57 Condo sales are pending and awaiting close or lender approval. (Up 7 condos from last month)

13 Condos Sold in March (A decrease of 6 condos from February).

A fairly strong month for the Stuart Condo market for zip code 34994.   Pending sales increased from February.  Unfortunately closed sales were off.  And, the inventory continues to shrink.

The one month absorption rate rose to 10.3 months, which still signifies a buyers 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 143 active listings, 44 pending sales, and 15 closed sales.  When the reduced inventory is considered, this year’s activity is better.

Search here for Stuart Florida Real Estate for Sale ( Condos)

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

Stuart Florida Market Report ZIP Code 34994 – Condo, March 2013

Stuart Florida Market Report ZIP Code 34996 – Condo, March 2013

04.16.13 by

Stuart Florida Market Report ZIP Code 34996 – Condo, March 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for March 2013

For March 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 184 active condo listings (Down 15 from last month).

59 Condo sales are pending and awaiting close or lender approval (A decrease of 3 condos from February).

42 Condos Sold in March (Up by 22 from February)

The Stuart Florida Market Report ZIP Code 34996 for Condos was very strong for March with more than double the number of sales from last month.   Along with the increased sales, inventory has now dropped again for the second consecutive month, after three months of small inventory gains.  Pending activity dropped slightly, but was still strong.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is 4.4 months.  This market has now shifted to a sellers market for march of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for March 2012 were: 199 active listings, 58 pending sales and 23 closed sales.  Considerably stronger sales activity this year.

Search here for Stuart Florida Real Estate for Sale ( Condos)

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Florida Market Report ZIP Code 34996 – Condo, March 2013

Stuart Florida Market Report ZIP Code 34997 – Condo, March 2013

04.14.13 by

Stuart Florida Market Report ZIP Code 34997 – Condo, March 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2013

For March 2013 in the 34997 Zip Code area of Stuart, Florida :

There are currently 103 active condo listings (An increase of 1 condo form February).

39 Condo sales are pending and awaiting close or lender approval (Up 3 from February).

16 Condos Sold in March (An increase of 8 condos from February).

The Stuart condo market for the area in ZIP code 34997 showed a strong March .  Sales doubled from February.  Pending sales took a small increase after a significant rise last month.  While the inventory basically stayed unchanged.  One of the strongest months for condo activity in some years.

The one month absorption rate decreased to 6.4 months. Basically, a balanced market.  A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The March 2012 numbers were: 109 active listings, 40 pending sales and 14  closed sales.  An improvement from last March.

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2013

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]

[singlepic id=3439 w=800 h=600 float=center]

[singlepic id=3440 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 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


Hobe Sound Florida Market Report ZIP Code 33455 – Condo, February 2013

03.27.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, February 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for February 2013

 

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

 

There are currently 18 active condo listings. (Down by 1 condo from January)

[singlepic id=3395 w=600 h=600 float=center]

[singlepic id=3396 w=600 h=600 float=center]

 

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

[singlepic id=3397 w=600 h=600 float=center]

 

  4 Condos sold in February (Unchanged from January)

[singlepic id=3398 w=600 h=600 float=center]

[singlepic id=3399 w=600 h=600 float=center]

[singlepic id=3400 w=600 h=600 float=center]

[singlepic id=3401 w=600 h=600 float=center]

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  With a significant further decrease in inventory, I don’t see any meaningful market activity coming from this segment in the spring.  For February, good strong closed and pending activity when considering only 18 available condos for sale in this market segment.

The one month absorption rate is down to 4.5 months, signifying a seller’s market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.  If you’re a Hobe Sound condo owner and thinking of selling.  This is your strongest market in over 7 years.

The February 2012 numbers were:  32 active listings, 4 pending sales and 1 closed sales.  The Hobe Sound condo market activity for February of 2013 was far superior to the same month last year.



Search here for Hobe Sound Florida Real Estate for Sale ( Condos)
Search for Martin County Real Estate

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, February 2013

 

Stuart Florida Market Report ZIP Code 34997 – Condo, February 2013

03.18.13 by

Stuart Florida Market Report ZIP Code 34997 – Condo, February 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2013

 

For February 2013 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 102 active condo listings (A decrease of 4 condos form January).

[singlepic id=3430 w=600 h=600 float=center]

[singlepic id=3431 w=600 h=600 float=center]

 

36 Condo sales are pending and awaiting close or lender approval (Up 14 from January).

[singlepic id=3432 w=600 h=600 float=center]

 

8 Condos Sold in February (An increase of 5 condos from January).

[singlepic id=3433 w=600 h=600 float=center]

[singlepic id=3434 w=600 h=600 float=center]

[singlepic id=3435 w=600 h=600 float=center]

[singlepic id=3436 w=600 h=600 float=center]

 

After a fairly slow start to 2013 the Stuart condo market for the area in ZIP code 34997 showed a strong February.  Sales increased by 5 units.  Pending sales took a significant rise. While the inventory decreased resulting in less available condos for sale.  This should result in some added activity for this segment of the market in the coming months.

The one month absorption rate decreased to 12.8 months.  This is still a buyers market for the Stuart Florida Market Report ZIP Code 34997.  Typically, a 6 month absorption rate signifies a balanced market that favors neither the buyer nor the seller. 

The February 2012 numbers were: 112 active listings, 34 pending sales and 8 closed sales.  Very similar results year to year for February.

 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2013

 

 

Stuart Florida Market Report ZIP Code 34996 – Condo, February 2013

03.15.13 by

Stuart Florida Market Report ZIP Code 34996 – Condo, February 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for February 2013

For February 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 199 active condo listings (Down 19 from last month).

[singlepic id=3423 w=600 h=600 float=center]

[singlepic id=3424 w=600 h=600 float=center]

 

62 Condo sales are pending and awaiting close or lender approval (An increase of 8 condos from January).

[singlepic id=3425 w=600 h=600 float=center]

 

20 Condos Sold in February (Up by 7 from January)

[singlepic id=3426 w=600 h=600 float=center]

[singlepic id=3427 w=600 h=600 float=center]

[singlepic id=3428 w=600 h=600 float=center]

[singlepic id=3429 w=600 h=600 float=center]

 

The Stuart Florida Market Report ZIP Code 34996 for Condos showed some increased activity.  And, after 3 months of increased inventory, it stopped this month and went down by 19.  Pending and sold activity were both up for February.  Quite surprising that the inventory dropped with this strong activity.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is 10 months.  Still indicating a buyers’ market.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for February 2012 were: 207 active listings, 43 pending sales and 13 closed sales.  Even with a slightly lower active inventory for 2013, we’re still generating better activity than last year.

Search here for Stuart Florida Real Estate for Sale ( Condos)

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Florida Market Report ZIP Code 34996 – Condo, February 2013

Stuart Florida Market Report ZIP Code 34994 – Condo, February 2013

03.13.13 by

Stuart Florida Market Report ZIP Code 34994 – Condo, February 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for February 2013

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

 

There are currently 134 active condo listings (A drop of 24 condos from January).

[singlepic id=3416 w=600 h=600 float=center]

[singlepic id=3417 w=600 h=600 float=center]


 

50 Condo sales are pending and awaiting close or lender approval. (Up 9 condos from last month)

[singlepic id=3418 w=600 h=600 float=center]

 

19 Condos Sold in February (An increase of 4 condos from January).

[singlepic id=3419 w=600 h=600 float=center]

[singlepic id=3420 w=600 h=600 float=center]

[singlepic id=3421 w=600 h=600 float=center]

[singlepic id=3422 w=600 h=600 float=center]

Another strong month for the Stuart Condo market for zip code 34994.   Both pending and closed sales increased from January.  Unfortunately the inventory decreased by a fairly large amount.

The one month absorption rate dropped to 7 months, which still signifies a buyers market, although only a slight one.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last February the numbers were 134 active listings, 43 pending sales, and 7 closed sales.  Considerably better numbers for this year with a similar inventory. 

Search here for Stuart Florida Real Estate for Sale ( Condos)

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

Stuart Florida Market Report ZIP Code 34994 – Condo, February 2013

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


Hobe Sound Florida Market Report ZIP Code 33455 – Condo, January 2013

02.25.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, January 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for January 2013

 

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

 

There are currently 19 active condo listings. (Down by 7 condos from December)

[singlepic id=3296 w=600 h=600 float=center]

[singlepic id=3297 w=600 h=600 float=center]

 

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

[singlepic id=3298 w=600 h=600 float=center]

 

  4 Condos sold in January (An increase of 2 condos from December)

[singlepic id=3299 w=600 h=600 float=center]

[singlepic id=3300 w=600 h=600 float=center]

[singlepic id=3301 w=600 h=600 float=center]

[singlepic id=3302 w=600 h=600 float=center]

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  With a significant further decrease in inventory, I don’t see any meaningful market activity coming from this segment in the spring.  For January, good strong closed and pending activity when considering only 19 available condos for sale in this market segment.

The one month absorption rate is down to 4.8 months, signifying a sellers market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The January 2012 numbers were:  32 active listings, 3 pending sales and 5 closed sales.  Considering the inventory, the market activity for January of 2013 was better than the same month last year.



Search here for Hobe Sound Florida Real Estate for Sale ( Condos)
Search for Martin County Real Estate

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, January 2013

 

Stuart Florida Market Report ZIP Code 34997 – Condo, January 2013

02.19.13 by

Stuart Florida Market Report ZIP Code 34997 – Condo, January 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2013

 

For January 2013 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 106 active condo listings (Increase of 8 condos form December).

[singlepic id=3331 w=600 h=600 float=center]

[singlepic id=3332 w=600 h=600 float=center]

 

22 Condo sales are pending and awaiting close or lender approval (Up 11 from December).

[singlepic id=3333 w=600 h=600 float=center]

 

3 Condos Sold in January (A decrease of 7 condos from December).

[singlepic id=3334 w=600 h=600 float=center]

[singlepic id=3335 w=600 h=600 float=center]

[singlepic id=3336 w=600 h=600 float=center]

[singlepic id=3337 w=600 h=600 float=center]

 

The Stuart condo market for the area in ZIP code 34997 had a fairly slow January to begin 2013.  Sales were off to only 3 units.  On a bit of a brighter note both the inventory and pending sales were up by healthy amounts.  This should result in some added activity for this segment of the market in the coming months.

The one month absorption rate is at  an atrocious 35 months.  This is an extreme buyers market for the Stuart Florida Market Report ZIP Code 34997.  Typically, a 6 month absorption rate signifies a balanced market that favors neither the buyer nor the seller. 

The January 2012 numbers were: 114 active listings, 24 pending sales and 13 closed sales.  Compared to January of 2012, this year’s market leaves a lot to be desired.  Almost all activity was softer in this segment for the beginning of 2013. 

 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2013

 

 

Stuart Florida Market Report ZIP Code 34996 – Condo, January 2013

02.17.13 by

Stuart Florida Market Report ZIP Code 34996 – Condo, January 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for January 2013

For January 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 218 active condo listings (Up 2 from last month).

[singlepic id=3324 w=600 h=600 float=center]

[singlepic id=3325 w=600 h=600 float=center]

 

54 Condo sales are pending and awaiting close or lender approval (An increase of 25 condos from December).

[singlepic id=3326 w=600 h=600 float=center]

 

13 Condos Sold in January (Down by 1 from December)

[singlepic id=3327 w=600 h=600 float=center]

[singlepic id=3328 w=600 h=600 float=center]

[singlepic id=3329 w=600 h=600 float=center]

[singlepic id=3330 w=600 h=600 float=center]

 

The Stuart Florida Market Report ZIP Code 34996 for Condos showed some increased activity along with the third straight month of increasing inventory.  Pending sales were up significantly for January while sales were off by 1 condo.  For the less expensive 55+ communities, which make up a significant portion of the 34996 condo market, it’s shaping up to be an active season.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is 16.8 months.  Still indicating a strong buyers’ market.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for January 2012 were: 225 active listings, 32 pending sales and 11 closed sales.  Very similar numbers to this year with the exception of a significantly higher pending sales numbers.

Search here for Stuart Florida Real Estate for Sale ( Condos)

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Florida Market Report ZIP Code 34996 – Condo, January 2013

Stuart Florida Market Report ZIP Code 34994 – Condo, January 2013

02.15.13 by

Stuart Florida Market Report ZIP Code 34994 – Condo, January 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for January 2013

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

 

There are currently 158 active condo listings (Increase of 5 condos from December).

[singlepic id=3317 w=600 h=600 float=center]

[singlepic id=3318 w=600 h=600 float=center]


 

41 Condo sales are pending and awaiting close or lender approval. (Up 6 condos from last month)

[singlepic id=3319 w=600 h=600 float=center]

 

15 Condos Sold in January (An increase of 1 condo from December).

[singlepic id=3320 w=600 h=600 float=center]

[singlepic id=3321 w=600 h=600 float=center]

[singlepic id=3322 w=600 h=600 float=center]

[singlepic id=3323 w=600 h=600 float=center]

A fairly good month for the Stuart Condo market for zip code 34994.  Not quite as strong as some of the earlier fall moths, but with a slight increase in inventory as well as increases in both pending and closed sales, this segment seems to be holding its own. 

The one month absorption rate is at 10.5 months, which still signifies a buyers 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 January the numbers were 154 active listings, 33 pending sales, and 11 closed sales.  Slightly better numbers for this year with a similar inventory.  This should continue through the year.

Search here for Stuart Florida Real Estate for Sale ( Condos)

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

Stuart Florida Market Report ZIP Code 34994 – Condo, January 2013

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


Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2012

01.25.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2012

 

For December 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 26 active condo listings. (Unchanged from November)

[singlepic id=3196 w=600 h=600 float=center]

[singlepic id=3197 w=600 h=600 float=center]

 

10 Condo sales are pending and awaiting close or lender approval. (No change from November)

[singlepic id=3198 w=600 h=600 float=center]

 

  2 Condos sold in December (An increase of 1 condo from November)

[singlepic id=3199 w=600 h=600 float=center]

[singlepic id=3200 w=600 h=600 float=center]

[singlepic id=3201 w=600 h=600 float=center]

[singlepic id=3202 w=600 h=600 float=center]

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  December showed very little change from last month (which showed very little change from the previous months as well).  In fact the only change was an increase to 2 closed sales from 1 the previous month.

The one month absorption rate is up to 13 months, signifying that it’s still a buyers market.  But this will almost certainly change in the coming months.   Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.  But, with such low numbers, these indicators can easily be misleading.

The December 2011 numbers were:  37 active listings, 7 pending sales and 5 closed sales.  Not quite as robust as last year even when factoring in the smaller inventory of available homes.



Search here for Hobe Sound Florida Real Estate for Sale ( Condos)
Search for Martin County Real Estate

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2012

 

Stuart Florida Market Report ZIP Code 34997 – Condo, December 2012

01.16.13 by

Stuart Florida Market Report ZIP Code 34997 – Condo, December 2012

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2012

 

For December 2012 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 98 active condo listings (Increase of 1 condo form November).

[singlepic id=3231 w=600 h=600 float=center]

[singlepic id=3232 w=600 h=600 float=center]

 

12 Condo sales are pending and awaiting close or lender approval (Down 9 from November).

[singlepic id=3233 w=600 h=600 float=center]

 

10 Condos Sold in December (An increase of 3 condos from November).

[singlepic id=3238 w=600 h=600 float=center]

[singlepic id=3235 w=600 h=600 float=center]

[singlepic id=3236 w=600 h=600 float=center]

[singlepic id=3237 w=600 h=600 float=center]

 

The Stuart condo market for the area in ZIP code 34997 had a fairly slow December to end 2012.  The largest change from November was a sizable drop in pending sales.  This is typical for a December as the real estate traffic is typically slow during the Christmas season.  I am a little surprised that the closed sales numbers weren’t better at years end.

The one month absorption rate is at  9.8 months.  This is still a buyers market for the Stuart Florida Market Report ZIP Code 34997.  Typically, a 6 month absorption rate signifies a balanced market that favors neither the buyer nor the seller.

The December 2011 numbers were: 106 active listings, 21 pending sales and 15 closed sales.  Compared to December of 2011, this year’s market activity was a bit softer. 

 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2012