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

05.29.12 by

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

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

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

There are currently 35 active condo listings. (Down 3 from March)

6 Condo sales are pending and awaiting close or lender approval. (Down 1 from March)

5 Condos sold in April (Unchanged from March)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the martin County real estate market.  April showed continued activity with five closed sales and a further decrease in inventory. I don’t expect to see any great movement in this segment of the Treasure Coast Florida condo market, with the current absorption rate on 7 months, indicating a balanced market for April. Last April’s numbers were 39 active listings, 9 pending sales and 3 closed sales. Almost identical to this year’s numbers.

 

 

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

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

05.18.12 by

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

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

 

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

 

There are currently 115 active condo listings (An increase of 6 condos form March).

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34 Condo sales are pending and awaiting close or lender approval (Down 6 condos from March).

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18 Condos Sold in June (An increase of 4 condos from March).

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Fairly positive April results for the Stuart condo market for the area in ZIP code 34997.  A small increase in inventory and also a small decrease in pending sales, possibly showing the seasonal slowdown for the condo market.  Closed sales were up from March though.
Last years numbers were 124 active listings, 23 pending sales and 9 closed sales. Considerably better April of 2012 compared to last year for the Condo market of the 34997 zip code area of Stuart, Florida.

 

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

 

 

Stuart Florida Market Report ZIP Code 34996 – Condo, April 2012

05.16.12 by

Stuart Florida Market Report ZIP Code 34996 – Condo, April 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for April 2012

For April 2012 in the 34996 Zip Code area of Stuart, Florida :

There are currently 191 active condo listings (Down 8 from last month).

52 Condo sales are pending and awaiting close or lender approval (A decrease of 6 condos from March).

26 Condos Sold in April (An increase of 3 condos from March)

The inventory continues to decline in the Stuart condo market for the area in ZIP code 34996. Sales activity increased slightly with 3 more sales as compared March and pending sales were down slightly, but still high. Very strong signs for this segment of the market. There was a fairly good mix of both Island units as well as some of the lesser priced 55+ community condos on the mainland selling last month.

Compared to last year in April of 2011, the numbers were 222 active listings, 35 pending sales and 15 closed sales.  Much better numbers this year, especially since the inventory is considerably less.  If this trend continues, it will not be long before we start seeing some gradual price increases in the 34996 Condo market in Stuart, Florida.

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Stuart Florida Market Report ZIP Code 34996 – Condo, April 2012

Stuart Florida Market Report ZIP Code 34994 – Condo, April 2012

05.11.12 by

Stuart Florida Market Report ZIP Code 34994 – Condo, April 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for April 2012

For April 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 147 active condo listings (Up by 4 condos from March).

43 Condo sales are pending and awaiting close or lender approval. (Down 1 from last month)

15 Condos Sold in April (Unchanged from March).

The Stuart Condo market for zip code 34994 showed little change in April with very similar numbers from the previous two months.  We’ve also had the first uptick in inventory in a few months as some sellers may feel the time is right to put their condo on the market.

In April of 2011 the numbers were: Active – 144, Pending – 50 and Sales – 25. Compared to last year, we are slightly below expectations.

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Stuart Florida Market Report ZIP Code 34994 – Condo, April 2012

Martin County Florida Condo Market Report for March 2012

04.30.12 by

Martin County Florida Condo Market Report for March 2012

Commentary:

Unlike the residential segment of the Martin County real estate market, the Martin County Florida Condo Market Report for March 2012 showed modest increases for March of 2012 rather than the explosive growth in the single family segment of the Martin County real estate market.  Sales for March were a respectable 64 units, 19 units less than March of 2011 (83 units)  but higher than February’s 57 units. On a positive note, the median sales price rose to $103,500 from an anemic $85,000 last month.

The inventory rose slightly to 651 condos, which is up from 640 units last month and down from the 721 condos that were on the market in March of 2011.  The one month absorption rate is now at 10.2 months, while the three month average is at 12.4 months.  It remains a challenging market for condos in Martin County. We need to see the absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

The big uncertainty that remains is the economy. We believe that if we have any sustained good news, we will see a pretty good rush on the market which will be a nice change from the present. For the longer term, even though we have the best mortgage rates in history at the moment, inflation is making news and this is not good for rates down the line. The Fed is working hard to keep rates down, but for how long, we’re just not to sure.

Our outlook for Martin County is fairly positive as for buyers, prices and rates remain very attractive. For sellers, it doesn’t look like we’re going to see any significant improvements soon, so if you need to sell, you may be better off now than possibly in the near future.

Martin County Florida Condo Market Report for March 2012

the Gabe Sanders real estate team

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

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

04.27.12 by

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

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

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

There are currently 38 active condo listings. (Up 6 from February)

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

  5 Condos sold in March (Up 4 from February)

The Hobe Sound condo market (Zip Code 33455) is a very small segment of both Hobe Sound real estate as well as the smallest condo market in Martin County. March showed some improvement from previous months, with an increase to 5 closed sales.  Inventory gre a little but with such a low inventory, I don’t expect to see any great movement in this segment of the Treasure Coast Florida condo market. Last March’s numbers were 37 active listings, 9 pending sales and 5 closed sales. Almost identical to this year’s numbers.

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

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

04.18.12 by

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

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

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

There are currently 109 active condo listings (An decrease of 3 condos form February).

40 Condo sales are pending and awaiting close or lender approval (Up 6 condos from February).

14 Condos Sold in June (An increase of 6 condos from February).

After treading water in February, the march results for the Stuart condo market for the area in ZIP code 34997 showed gains in all three major market stats.  Inventory decreased, pending and closed sales were both up. Considering the fairly low number of available properties, these are good solid results.

Last year’s numbers were 135 active listings, 18 pending and 18 closed sales.  Other than slightly fewer closed sales, we are doing much better in the Condo market for the 34997 zip code area of Stuart, Florida.

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

Stuart Florida Market Report ZIP Code 34996 – Condo, March 2012

04.15.12 by

Stuart Florida Market Report ZIP Code 34996 – Condo, March 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for March 2012

For March 2012 in the 34996 Zip Code area of Stuart, Florida :

There are currently 199 active condo listings (Down 8 from last month).

58 Condo sales are pending and awaiting close or lender approval (An increase of 15 condos from February).

23 Condos Sold in March (An increase of 13 condos from February)

The inventory continues to decline in the Stuart condo market for the area in ZIP code 34996.  Sales activity remained steady with only 2 less sales compared to February and pending sales took a nice jump by 18 units.  These are very strong signs for this segment of the market.  There was a fairly good mix of both Island units as well as some of the lesser-priced senior condos on the mainland selling last month.

Compared to the end of last year in March of 2011, the numbers were 242 active listings, 34 pending sales, and 36 closed sales.  While closed sales were off from last year, the mix of sales shows a higher number of more expensive Island Condos as well as the fact that there are approximately 20% fewer units actively for sale at this time.

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Stuart Florida Market Report ZIP Code 34996 – Condo, March 2012

Stuart Florida Market Report ZIP Code 34994 – Condo, March 2012

04.12.12 by

Stuart Florida Market Report ZIP Code 34994 – Condo, March 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for March 2012

For March 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 143 active condo listings (Down by 5 condos from February).

44 Condo sales are pending and awaiting close or lender approval. (Down 2 from last month)

15 Condos Sold in March (Unchanged from February).

The Stuart Condo market for zip code 34994 showed continued momentum in March with very similar numbers from the previous month. Of note, is the fact that the inventory continues to decline while sales and pendings remained steady.

In March of 2011 the numbers were: Active – 144, Pending – 50 and Sales – 25.  Compared to last year, we are slightly below expectations.

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Stuart Florida Market Report ZIP Code 34994 – Condo, March 2012

Price Reduced on Rocky Point Condo with 40 Foot Deeded Boat Dock

04.03.12 by

Price Reduced on Rocky Point Condo with 40 Foot Deeded Boat Dock

Port Manatee Condo in Rocky Point

Now reduced to $199,000

Port Manatee Condos in Rocky Point FL
Port Manatee Condos in Rocky Point FL

Looking for a full time home or just a getaway? Are you a boater or fisherman? This is the perfect place for you. Spacious first floor, 2 BR, 2 BA condo in the Manatee Pocket with a deeded 40′ dock (water and electric). Only minutes to the crystal clea r waters of the Atlantic Ocean to fish, or to take a quick trip over to the Bahamas. This condo features reasonable fees, spacious grounds with a large community pool overlooking ‘the pocket’, and a free laundry room. Freshly painted and brand new carpe ts. Light and bright Florida room with water views. One small pet (under 25 lbs.) allowed. Great location, only minutes to the beaches, shopping restaurants and all the amenities that Martin County has to offer. Call for more information.

Port Manatee Condos in Rocky Point FL

More Information and Pictures for this Rocky Point Condo with Deeded Dock

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Price Reduced on Rocky Point Condo with 40 Foot Deeded Boat Dock

Martin County Florida Condo Market Report for February 2012

03.27.12 by

Martin County Florida Condo Market Report for February 2012

Commentary:

Much like the residential segment of the Martin County real estate market, the Martin County Florida Condo Market Report for February 2012 showed modest increases for February of 2012. Sales for February were a respectable 57 units, up by 3 from February of 2011 (54 units) and also up from January which had 37 sales. On a negative note, the median sales price took a dive to $85,000.  This is most likely a reflection of the mix of condos that sold in February as opposed to a big drop in values.  More of the lower priced mainland condos were the ones that drove down the median price.

The inventory continues to decline and is now down to 640 condos, which is down from 664 units last month and from 772 condos in February of 2011.  This is the lowest inventory since November of 2005 which was prior to the ‘bubble’.  A decreased inventory will trigger an increase in demand as the supply of existing units just isn’t available increasing the urgency for buyers.

The one month absorption rate is now at 11.23 months, while the three month average is at 13.54 months.  Considerably better than the 14.3 and 15.51 months of February 2011. We still need to see the absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

The big uncertainty that remains is the economy. We believe that if we have any sustained good news, we will see a pretty good rush on the market which will be a nice change from the present. For the longer term, even though we have the best mortgage rates in history at the moment, inflation is making news and this is not good for rates down the line. The Fed is working hard to keep rates down, but for how long, we’re just not to sure.

Our outlook for Martin County is fairly positive as for buyers, prices and rates remain very attractive. For sellers, it doesn’t look like we’re going to see any significant improvements soon, so if you need to sell, you may be better off now than possibly in the near future.

Click on the individual charts to see charts in expanded mode.

Martin County Florida Condo Market Report for February 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, visit our website or call us at (772) 888-2885.
Our market reports are here!

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

03.26.12 by

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

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

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

There are currently 32 active condo listings. (Unchanged from last January)

4 Condo sales are pending and awaiting close or lender approval. (Up 1 from January)

  1 Condo Sale closed in February (Down 4 from January)

The Hobe Sound condo market (Zip Code 33455) is a tiny segment of both Hobe Sound real estate as well as the smallest condo market on the Treasure Coast. February showed very little change from previous months, with only 1 sale closed. With such a low inventory, I don’t expect to see any great movement in this segment of the Treasure Coast Florida condo market. Last February’s numbers were 48 active listings, 12 pending sales and 3 closed sales.

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

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

03.17.12 by

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

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

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

There are currently 112 active condo listings (An decrease of 2 condos form January).

34 Condo sales are pending and awaiting close or lender approval (Up 10 condos from January).

8 Condos Sold in June (A decrease of 5 condos from January).

Generally treading water for the Stuart condo market for the area in ZIP code 34997.  Inventory basically unchanged, pending sales were up but closed sales were off.  Last year’s numbers were 121 active listings, 24 pending sales and 3 closed sales.  It certainly appears that we are in a steady state with this level of activity for this segment and this very well may be the new normal.

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

Stuart Florida Market Report ZIP Code 34996 – Condo, February 2012

03.14.12 by

Stuart Florida Market Report ZIP Code 34996 – Condo, February 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for February 2012

For February 2012 in the 34996 Zip Code area of Stuart, Florida :

There are currently 207 active condo listings (Down 18 from last month).

43 Condo sales are pending and awaiting close or lender approval (An increase of 11 condos from January).

25 Condos Sold in February (An increase of 13 condos from January)

The inventory declined fairly sharply in the Stuart condo market for the area in ZIP code 34996.  Sales activity doubled from January and pending sales increased as well.  Very strong signs for this area of the market.  There was a fairly good mix of both Island units and some of the lesser-priced senior condos on the mainland selling last month.

Compared to the end of last year in February of 2011, the numbers were 263 active listings, 46 pending sales and 26 closed sales. Other than a lower inventory of available condos, the numbers are similar to February 2011.

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Stuart Florida Market Report ZIP Code 34996 – Condo, February 2012

Stuart Florida Market Report ZIP Code 34994 – Condo, February 2012

03.11.12 by

Stuart Florida Market Report ZIP Code 34994 – Condo, February 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for February 2012

For February 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 148 active condo listings (Down by 6 condos from January).

46 Condo sales are pending and awaiting close or lender approval. (Up 13 from last month)

15 Condos Sold in February (Up 4 units from January).

After a pretty slow start to 2012, the Stuart Condo market for zip code 34994 showed some life in February with all trends moving in the right direction.  Noticeable was a significant jump in pending sales. Compared to February of 2011, when there were 141 active listings, 24 pending sales, and 3 closed sales. The inventory is down from last year, but pending and closed sales remain weak in this market segment. This is increasing pressure for additional price drops unless sales can pick up in the latter part of this season.

In the next few months, the peak season for condos will show what the market can bear for 2012 for the Treasure Coast condo market.

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Stuart Florida Market Report ZIP Code 34994 – Condo, February 2012

Martin County Florida Condo Market Report for January 2012

02.26.12 by

Martin County Florida Condo Market Report for January 2012

Commentary:

Much like the residential segment of the Martin County real estate market, the Martin County Florida Condo Market Report for January 2012 retreated for the first month of 2012.  Sales for January were an anemic 37 units, down from January of 2011 (42 units)  and also off from December which had 52 sales.  On a positive note, the median sales price was at it’s highest level in over a year.  Unfortunately, I don’t believe that this represents a rise in prices, but rather the mix of types of units that have sold.  There is still too much inventory in some segments to sustain a continued rise in prices, though we are reaching very near the bottom of the market, if we haven’t already passed it.

The inventory is now down to 664 condos, which is down from 673 last month and from 774 in January of 2011.  A decreased inventory generally will trigger an increase in demand as the supply of existing units just isn’t available increasing the urgency for buyers.

Unfortunately the absorption rate remains troubling on the higher end, with January’s one month value of almost 18 months and the three month moving average is now up to 16.2 months. said another way, it’s averaging well over a year for the average condo to sell in Martin County, Florida.  We need to get the absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

The big uncertainty that remains is the economy. We believe that if we have any sustained good news, we will see a pretty good rush on the market which will be a nice change from the present. For the longer term, even though we have the best mortgage rates in history at the moment, inflation is making news and this is not good for rates down the line. The Fed is working hard to keep rates down, but for how long, we’re just not to sure.

Our outlook for Martin County is fairly positive as for buyers, prices and rates remain very attractive. For sellers, it doesn’t look like we’re going to see any significant improvements soon, so if you need to sell, you may be better off now than possibly in the near future.

Click on the individual charts to see charts in expanded mode.

Martin County Florida Condo Market Report for January 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, visit our website or call us at (772) 888-2885.
Our market reports are here!

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

02.25.12 by

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

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

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

There are currently 32 active condo listings. (Down 5 from last December)

3 Condo sales are pending and awaiting close or lender approval. (Down 4 from December)

5 Condos Sales closed in January (Unchanged from December)

The Hobe Sound condo market (Zip Code 33455) is a very small segment of both Hobe Sound real estate as well as the smallest condo market on the Treasure Coast.  January showed a continuing decrease in inventory.  Pending sales were down and closed sales remained unchanged.  With such a low inventory, I don’t expect to see any great movement in this segment of the Treasure Coast Florida condo market.    Last January’s numbers were 53 active listings, 4 pending sales, and no closed sales.

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

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

02.23.12 by

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

Palm City Florida Market Report ZIP Code 34990 – Condo, January 2012

02.21.12 by

Palm City Florida Market Report ZIP Code 34990 – Condo, January 2012

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for January 2012

For January 2012 in the 34990 Zip Code area of Palm City, Florida :

There are currently 68 active condo listings. (Up 3 from December)

6 Condo sales are pending and awaiting close or lender approval. (increased 3 from last month)

3 Condos Sold in January. (Up 2 from December)

     The 34990 zip code area of the Palm City condo market is a fairly small section of this area as most property in Palm City is either single-family homes or townhomes. With only 68 currently active listings, it is not a very large market. Last year there were 76 active listings, and the market was more active with 8 pending sales and 2 closed sales compared to this year’s 6 and 3 respectively. The condo market overall remains significantly more sluggish as compared to the single-family residential market but Palm City did see some positive movement for January.

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Palm City Florida Market Report ZIP Code 34990 – Condo, January 2012

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

02.19.12 by

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

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

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

There are currently 114 active condo listings (An increase of 8 condos form December).

24 Condo sales are pending and awaiting close or lender approval (Up 3 condos from December).

13 Condos Sold in June (A decrease of 2 condos from December).

At the beginning of 2012, a continuing strong trend for the Stuart condo market for the area in ZIP code 34997. Slight increase in inventory with minor changes in both pending and closed sales.

This is compared to last year’s numbers when there were 134 active listings, 19 pending sales, and 15 closed sales. Pretty similar results, but this with a lower inventory.

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Stuart Florida Real Estate presented by:
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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2012