Hutchinson Island Stuart Ocean Front Condo Under Contract

05.20.14 by

Hutchinson Island Stuart Ocean Front Condo Under Contract

This extremely well priced condo on Hutchinson Island in Stuart FL in one of the best run condo association is now under contract courtesy of the Gabe Sanders BlueWater realty team.

Great opportunity for this Suntide Condo on Hutchinson Island in Stuart.  Fully furnished with an updated kitchen, ocean front condo in Martin County’s prime Hutchinson Island location and building. Spacious 2 bedroom split plan with everything one needs for a full-time home or that special Florida tropical retreat. Suntide includes private beach access, heated pool, tennis courts, shuffleboard, wash area, newly renovated clubhouse with billiards, card table, fully equipped kitchen, bar, library and entertaining area as well as a profession fitness center. Under building secured parking. This well-appointed condo is ready for immediate occupancy.
Suntide is the first condo complexes north of the Stuart Causeway on Hutchinson Island in Martin County.   Constructed originally in 1972, it retains much of the original and unique architecture of the times, yet boasts terrific amenities and at a much more reasonable price than much of the competition.  Please call and ask about Suntide.

 

Hutchinson Island Stuart Ocean Front Condo Under Contract

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

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code April 2014

05.16.14 by

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code April 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for April 2014

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

 

There are currently 111 active condo listings (Increased by 5 condos from March).

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code April 2014

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

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code April 2014

23 Condos Sold in April (Up by 10 condos from March).

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code April 2014

All movement in the Stuart Condo market in zip code 34994 was positive.  One of the few segments of Martin County with such strong numbers as well as an increase in inventory.

The one month absorption rate dropped to 5  months compared to last month’s 8.5.  Back once again into a sellers 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 118 active listings, 43 pending sales, and 28 closed sales.   Another equally strong April for the 34994 condo market of Stuart FL.
Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code April 2014

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Stuart Florida Market Report ZIP Code 34994 – Condo, April 2014

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code April 2014

05.13.14 by

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code April 2014

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for April 2014

 

For April 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 186 active listings (Increased by 22 homes from March).

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code April 2014

 52 Residential sales are pending and awaiting close or lender approval (Increased by 5 homes from March).

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code April 2014

11 Homes Sold in April (Decreased by 4 homes from March).

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code April 2014

Other than lower closed volume for the 34996 zip code area of the Stuart Florida residential real estate market continues to improve, with both higher inventory and pending sales.  The pending sales figures should translate to greater closed volume in the coming months.

The one month absorption rate for the 34996 zip code area of Stuart Florida for April increased to 16.9 months as compared to March’s 10.8 months.  This is not a pretty picture for sellers, but can indicate some strong advantages to buyers interested in this part of Stuart.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for April of 2012 were: 172 active listings, 57 pending sales and 18 closed sales.   Better numbers all around, last year. Though it appears that the 34996 area of Stuart is poised for a god summer.

 Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code April 2014

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Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code April 2014

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code April 2014

05.10.14 by

Stuart Florida Homes for Sale and Sold Report 34997 ZIP code April 2014

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for April 2014

 

There are currently 404 active listings (Decreased by 12 home from March).

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code April 2014

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

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code April 2014

61 Homes Sold in April (Decreased by 17 homes from March)

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code April 2014

After a very strong March, the Stuart Florida Market for ZIP Code 34997 showed some easing with a large decrease in closed sales and a smaller decrease in pending sales.  The inventory also declined, now two months in a row.  While activity slowed, the fact is that this is still a balanced and healthy market and in very good shape.
 
The current one month absorption rate rose to 6.6  months (was 5.3 months for March).  Back into a balanced market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
 
The 2013 numbers for April, were: 325 active listings, 219 pending listings and 82 closed sales.  Considerably better activity last year, as rising prices and interest rates has cooled the market from last years very heated activity.
Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code April 2014
 
 
 

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Stuart Florida Homes for Sale and Sold Report 34997 zip code April 2014

May 2014 Market Report for Ocean Bay Villas on Hutchinson Island

05.05.14 by

May 2014 Market Report for Ocean Bay Villas on Hutchinson Island

As of May 5, 2014 there are 4 available homes in the Ocean Bay Villas community on Hutchinson Island, FL.  List prices are from $369,000 to $595,000, for an average of $195.89 per sq. ft. of living area.

There are no current pending sales.

There have been 5 closed sales in the past 12 months.  Sales prices ranged from $245,000 to $530,000.   Sales prices averaged out at $153.33 per sq. ft. of living area.  One of these sales was a short sale.  The other four were non-distressed sales.

May 2014 Market Report for Ocean Bay Villas on Hutchinson Island

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

May 2014 Market Report for Ocean Bay Villas on Hutchinson Island

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

May 2014 Market Report for Ocean Bay Villas on Hutchinson Island

May 2014 Market Report for Ocean Bay Villas on Hutchinson Island

May 2014 Market Report for Ocean Bay Villas on Hutchinson Island

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

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May 2014 Market Report for Ocean Bay Villas on Hutchinson Island

March 2014 Monthly Market Detail St Lucie County Townhouses and Condos

05.01.14 by

March 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The March 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed a continuing trend of disappointing results for volume of sales after a good start to the year in January.  Year to year closed sales were down by 21.3% (was down by 8.2% in February) while new sales under contract (new pending sales) decreased by 9.9% (was  down by 28.2% in February).  The decrease in pending sales is much less than last month which is at least a small positive.  Much of this decrease can be attributed to a decrease in inventory from last year as well as the rapidly increasing prices.

The median sales price up by 21.1% (up 15% in February) and the average sales price increased by 7.4% (was up by 14.4% in February).

The inventory of available townhouses and condos decreased by 6 units from last month to 895 units which is still down by 13.1% from last March.  Current supply of inventory remained inched up from last month to 9.6 months (a 0.3% increase from last year).   This is a buyers market at present and will most likely continue until inventory increases and price rises moderate to a more sustainable rate.

March 2014 Monthly Market Detail St Lucie County Townhouses and Condos

 Click here to view or download the full report:
March 2014 Monthly Market Detail St Lucie County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

March 2014 Monthly Market Detail St Lucie County Townhouses and Condos

March 2014 Monthly Market Detail St Lucie County Single Family Homes

04.30.14 by

March 2014 Monthly Market Detail St Lucie County Single Family Homes

March 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors showed continued strong market activity in both volume and rising prices.  Closed sales from last year were up by 9.9% (in February they were up by 14.1%) and new sales under contract (new pending sales) decreased by 8.8% (they were down by 14.8% last month).

Both median and average sales prices were up again (year to year) by 15.7% and 12.1% respectively from last March (For last month these figures were 10.9% and 13%).

The inventory of active listings decreased in March (from last month) by 93 homes to 2,269, which is an increase of 27.4% from last year.  Current supply of inventory is only 5.1 months (a 21.3% increase from last year).   Still a strong sellers market for the Saint Lucie County single family home market.  While not as red hot as last year, it is still very positive and could still slow down some to become a balanced market.

March 2014 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:  March 2014 Monthly Market Detail St Lucie County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

March 2014 Monthly Market Detail St Lucie County Single Family Homes

March 2014 Monthly Market Detail Martin County Townhouses and Condos

04.29.14 by

March 2014 Monthly Market Detail Martin County Townhouses and Condos

March 2014 Monthly Market Detail Martin County Townhouses and Condos report showed continued disappointing results as to both last year and the past few months.  Year to year closed sales were down by 29.9% (was down by 1% in February) while new sales under contract (new pending sales) decreased by 9% (was down 27% in February).

The median sales price increased by 7.4% (was up by 17.6% in February) while the average sales price decreased by 11% (was up 20.6% in February) as compared to March of 2013.  As the price increases moderate, I would expect to see some increased volume of closed and pending sales for the future.

 The inventory of available townhouses and condos has decreased by 39 to 596 units from last month which is 13.2% less inventory than was available in March of 2013.  With values going up as much as they have, I would have expected higher inventory levels.  The current supply of inventory is 6.2 months (a 16.5% decrease from last year).   Though down in volume from last year, this is still a balanced market that favors neither the buyer nor the seller.

March 2014 Monthly Market Detail Martin County Townhouses and Condos

 Click here to view or download the full report:  March 2014 Monthly Market Detail Martin County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

March 2014 Monthly Market Detail Martin County Townhouses and Condos

March 2014 Monthly Market Detail Martin County Single Family Homes

04.28.14 by

March 2014 Monthly Market Detail Martin County Single Family Homes

The March 2014 Monthly Market Detail Martin County Single Family Homes is showing some slower growth and even retracting in some areas (much like many other areas in FL this month).  Year to year closed sales were off by 14.7% (was up 10.8% in February). New pending sales increased by 17.5% as compared to March of 2013 (decreased by 30.4% in February).  An increase in the pending sales indicates a good possibility of better closed activity for the near future

The median sales price was up by 4% from last year (up by 5.7% in February) while the average price dropped by 25.1% (was down by 18.3% last month).  This is a dramatic indication of the continued activity for the lower price ranges and a slower sales volume in the higher end luxury market.

The inventory of available single family homes increased from February 2014 by 61 homes to 1,429 units this month, representing a 12.2% increase from last March.  Current supply of inventory rose to 7.5 months (a 2.9% decrease from last year).  Hovering just outside of a balanced market for now with a slight advantage for buyers.

Click here to view or download the full report:  March 2014 Monthly Market Detail Martin County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

March 2014 Monthly Market Detail Martin County Single Family Homes

Hutchinson Island Stuart Ocean Front Condo Price Reduced

04.28.14 by

Hutchinson Island, Stuart, Ocean Front Condo Price, Reduced

The new price for this oceanfront condo is now $196,000!

Great opportunity for this Suntide Condo on Hutchinson Island in Stuart.  Fully furnished with an updated kitchen, ocean front condo in Martin County’s prime Hutchinson Island location and building. Spacious 2 bedroom split plan with everything one needs for a full-time home or that special Florida tropical retreat. Suntide includes private beach access, heated pool, tennis courts, shuffleboard, wash area, newly renovated clubhouse with billiards, card table, fully equipped kitchen, bar, library and entertaining area as well as a profession fitness center. Under building secured parking. This well-appointed condo is ready for immediate occupancy.
Suntide is the first condo complexes north of the Stuart Causeway on Hutchinson Island in Martin County.   Constructed originally in 1972, it retains much of the original and unique architecture of the times, yet boasts terrific amenities and at a much more reasonable price than much of the competition.  Please call and ask about Suntide.

Hutchinson Island Stuart Ocean Front Condo Price Reduced

Stuart Florida Real Estate presented by
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March 2014 Monthly Market Detail Florida Townhouses and Condos

04.27.14 by

March 2014 Monthly Market Detail Florida Townhouses and Condos

For the March 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida continues to struggle in volume as the prices have soared. It appears that the prices have risen much to fast for consumer demand to keep up.  Year to year closed sales were down by 5.2% as compared to last months decrease of 6.8% and new sales under contract (new pending sales) decreased by 6.2% (February’s decrease was 14.5%).

Both median and average sales prices were up (year to year) by 16.7% and 16.1% respectively (in February it was 15.2% and 13.9%). These strong price appreciations is what I suspect is the cause of the decrease in market activity for condos and townhouses in Florida for March.

Inventory rose for the fifth month in a row, by 7%.  The rising inventory should produce some pressure to moderate the price increases.  This should help regain the momentum of sales.  The 6 month supply of inventory is a good sign that we are in a balanced market.

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 2014 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 2014 Monthly Market Detail Florida Townhouses and Condos

March 2014 Monthly Market Detail Florida Single Family Homes

04.26.14 by

March 2014 Monthly Market Detail Florida Single Family Homes

The March 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed improved results from last month, but still not nearly as robust as last year.    Year to year closed sales were up, but only by 2.8% (was up by 1.5% in February) and new sales under contract (new pending sales) increased by 2.1% (was down by 5.5% in February).

Both median and average sales prices were up ( March 2013 to March 2014) by 7.1% and 6.3% respectively, compared to February’s 10% and 11%.   While still very positive numbers, the rate of appreciation appears to be slowing.

The inventory of available homes for sale increased by 16.8% from last year.  This is now the sixth month of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  I suspect that the reduced rate of increasing values and home sales are a direct result of the increasing inventory.  Currently, there are just not enough buyers to absorb this increase fully.

Click here to view or download the full report:
March 2014 Monthly Market Detail Florida Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

March 2014 Monthly Market Detail Florida Single Family Homes

Yet Another Cedar Pointe Condo Sold

04.22.14 by

Yet Another Cedar Pointe Condo Sold

Yet Another Cedar Pointe Condo Sold at 2929 SE Ocean Blvd. in Stuart, FL.  Building 116 in Village 7, Suite # 8, a 2 Bedroom, 2 Bathroom, 2’nd floor condo with 1,005 sq. ft. of living area sold for $57,000.  When the BLueWater Realty team represents buyers, we do an awesome job of negotiating some great prices.

Affordable Cedar Pointe Condo

Very conveniently located within walking distance of the Saint Lucie River, restaurants, shopping and medical facilities. Only a short drive or bike ride to the crystal clear waters of the Atlantic and charming downtown Stuart. This active community features numerous pools with one being just steps from this unit. Shuffleboard and other activities are available at the clubhouse. This unit comes mostly furnished and is ready for some one who wants an affordable Florida home.

Affordable Cedar Pointe Condo

Slideshow below is for a similar unit sold earlier.

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Yet Another Cedar Pointe Condo Sold

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code March 2014

04.13.14 by

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code March 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for March 2014

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

 

There are currently 111 active condo listings (Decreased by 19 condos from February).

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code March 2014

55 Condo sales are pending and awaiting close or lender approval. (Up by 15 condos from last month) 

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code March 2014

 

13 Condos Sold in March (Down by 4 condos from February).

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code March 2014

 

The Stuart Condo market in zip code 34994 had fewer closed sales for march than last month, however pending sales showed a nice jump which should result in some strong closed activity for the coming months.  Inventory, unfortunately dropped and is getting pretty slim in the way of available condos for buyers in the 34994 zip code area of Stuart.

The one month absorption rate rose to 8.5  months compared to last month’s 7.6.  Still a buyers market market for the 34994 zip code condo market of Stuart FL.  Though I expect this to change in the coming months.  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 127 active listings, 57 pending sales, and 13 closed sales.   Quite similar to last years numbers even though inventory is less at present.
Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code March 2014

 

 

 

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Stuart Florida Market Report ZIP Code 34994 – Condo, March 2014

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code March 2014

04.10.14 by

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code March 2014

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for March 2014

 

For March 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 162 active listings (Increased by 10 homes from February).

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code March 2014

 

 47 Residential sales are pending and awaiting close or lender approval (Increased by 7 homes from February).

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code March 2014

15 Homes Sold in March (Increased by 9 homes from February).

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code March 2014

2014 has started out as a bit of a see saw ride for the 34996 zip code area of the Stuart Florida residential real estate market, After a strong January, then a very weak February, March saw some gains coming back into the market.  All indexes measured moved up this past month.

The one month absorption rate for the 34996 zip code area of Stuart Florida for March decreased to 10.8 months as compared to February’s 25.2 months.  Still a buyers market for the 34996 zip code area of Stuart, though considerably better than last month.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for March of 2012 were: 175 active listings, 55 pending sales and 14 closed sales.   This area still has a lower inventory than last year (which is becoming the exception for Martin County).  Even with that considered, very slightly stronger activity this year.

 Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code March 2014

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Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code March 2014

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code March 2014

04.08.14 by

Stuart Florida Homes for Sale and Sold Report 34997 ZIP code March 2014

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for March 2014

 

There are currently 416 active listings (Decreased by 7 home from February).

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code March 2014

192 Residential sales are pending and awaiting close or lender approval (A increase of 8 homes from February).

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code March 2014

78 Homes Sold in March (Increased by 15 homes from February)

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code March 2014

The Stuart Florida Market for ZIP Code 34997 continues to show much improved activity after a slow start to the year.  Inventory remained fairly stable (actually a small decrease in the past two months) while both the pending and closed numbers showed increases for the second month in a row.
 
The current one month absorption rate rose to 5.3  months (was 6.7 months for February).   Now a sellers market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.  
 
The 2013 numbers for March, were: 344 active listings, 220 pending listings and 82 closed sales.  Inventory is considerably higher this year, as were the closed sales.  Though, last years pending sales were stronger, and with less available homes.
Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code March 2014 
 
 
 

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Stuart Florida Homes for Sale and Sold Report 34997 zip code March 2014

February 2014 Monthly Market Detail St Lucie County Townhouses and Condos

04.04.14 by

February 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The February 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors once again showed some disappointing results after a good start to the year in January.  Year to year closed sales were down by 8.2% (was up by 12.3% in January) while new sales under contract (new pending sales) decreased by 28.2% (was  down by 9.1% in January).  This decreased volume is concerning.  Most of it, I suspect, is from the rapid price increases this past year, though with this month, this appears to be easing as well.

The median sales price up by 15% (up 4.3% in January) and the average sales price dropped by 14.4% (was up by an impressive 45.2% in January).

The inventory of available townhouses and condos decreased by 10 units from last month to 901 units which is still down by 8.1% from last February.  Current supply of inventory remained unchanged from last month to 9.4 months (still an 4.6% decrease from last year).   This is a buyers market at present and the lower prices will most likely continue until inventory and closed sales pick up.

Monthly Market Detail - February 2014 St. Lucie County Townhouses and Condos

 Click here to view or download the full report: 
February 2014 Monthly Market Detail St Lucie County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

February 2014 Monthly Market Detail St Lucie County Townhouses and Condos

February 2014 Monthly Market Detail St Lucie County Single Family Homes

04.03.14 by

February 2014 Monthly Market Detail St Lucie County Single Family Homes

February 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors closed out 2013 continues to show good closed activity, though there is reduced pending numbers, which could signal a bit more of a slow down.  Closed sales from last year were up by 14,1% (in January they were up by 4.8%) and new sales under contract (new pending sales) decreased by 14.8% (they were down by 12.9% last month).

Both median and average sales prices were up (year to year) by 10.9% and 13% respectively from last February (For last month these figures were 9.5% and 14.1%). 

The inventory of active listings rose in February (from last month) by 115 homes to 2362, which is also an increase of 22.3% from last year.  Current supply of inventory is only 5.4 months (a 22.3% increase from last year).   With the large increases in inventory from last year, price appreciation will slow some, which will help to continue a strong sales volume for the saint Lucie County single family market.

Monthly Market Detail - February 2014 St. Lucie County Single Family Homes

Click here to view or download the full report:  February 2014 Monthly Market Detail St Lucie County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

February 2014 Monthly Market Detail St Lucie County Single Family Homes

February 2014 Monthly Market Detail Martin County Townhouses and Condos

04.02.14 by

February 2014 Monthly Market Detail Martin County Townhouses and Condos

February 2014 Monthly Market Detail Martin County Townhouses and Condos report showed some disappointing results as to volume of activity, though prices continued to soar.  Year to year closed sales were down by 1% (was up by 4.3% in January) while new sales under contract (new pending sales) decreased by 27% (was down 20.9% in January).

The median sales price increased by 17.6% (was up by 15.2% in January) while the average sales price increased by 20.6% (was up 15.2% in January) as compared to February of 2013.  These large price increases are most likely responsible for the drop in volume as many buyers are simply being priced out of the market.

 The inventory of available townhouses and condos has decreased by 3 to 635 units from last month which is 15% less inventory than was available in February of 2013.  With values going up as much as they have, I would have expected higher inventory levels.  The current supply of inventory is 6.4 months (a 24.4% decrease from last year).

 Click here to view or download the full report:  February 2014 Monthly Market Detail Martin County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

February 2014 Monthly Market Detail Martin County Townhouses and Condos

February 2014 Monthly Market Detail Martin County Single Family Homes

04.01.14 by

February 2014 Monthly Market Detail Martin County Single Family Homes

The February 2014 Monthly Market Detail Martin County Single Family Homes continues with mostly positive news, though at a considerably reduced rate of appreciation and volume.  New pending sales were off by 30.4% as compared to February of 2013 (decreased by 18.8% in January).  The reduced number of pending sales are an possible indication of slower closed volume in the coming months. Year to year closed sales were up by 10.8% (was up 29.9% in January).

The median sales price was up by 5.7% from last year (up by 24.7% in January) while the average price dropped by 18.3% (was down by 8.5% last month).  The slowing rate of appreciation will help future sales as the fairly dramatic increases of last year simply priced to many buyers out of the market.

The inventory of available single family homes increased from January 2014 to 1,368 units this month, and this is a 10.3% increase from last February.  Current supply of inventory is only 7 months (a 9.6% decrease from last year).  If this trend continues we’ll be back into a buyers market in Martin County for single family homes next month.  Though indications of activity for March seem to be fairly positive.

Monthly Market Detail - February 2014 Martin County Single Family Homes

Click here to view or download the full report:  February 2014 Monthly Market Detail Martin County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

February 2014 Monthly Market Detail Martin County Single Family Homes