November 2013 Monthly Market Detail Florida Single Family Homes

12.24.13 by

November 2013 Monthly Market Detail Florida Single Family Homes

The Florida real estate market showed some weakness for the November 2013 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors.  Both closed and pending sales were off.   Year to year closed sales were down by 1.2% (were up by 6.5 % in October) and new sales under contract (new pending sales) decreased by 5.9% (was up by 3.4% in October).

Florida Single Family

Both median and average sales prices were up (November 2012 to November 2013) by 13.3% and 7.1% respectively.   Not quite as much of an increase as in previous months this year, but those kinds of increases were unsustainable.

The inventory of available homes for sale increased by 10% from last year.  This is now the second month of increased inventory.  I’ve written in the past that I was expecting this increase which is a direct cause of the easing of the price increases as the supply expands. I would like to see the volume of closed sales be higher and with the current excellent economic news, I expect these numbers to go up soon.

Please look at the full detail report for the rest of the story:

Click here to view or download the full report:
November 2013 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.

November 2013 Monthly Market Detail Florida Single Family Homes

December 2013 market Update for Sugar Hill Jensen Beach

12.23.13 by

December 2013 market Update for Sugar Hill Jensen Beach

As of December 2013, there are 4 homes on the market in Sugar Hill in Jensen Beach, FL.  Listing prices range from $450,000 to $669,000 with an average of $184.62 per sq. ft. of living area. None of these listings are distressed properties.

Currently, no homes are under contract.

There have been 6 homes sold in the past 12 months in Sugar Hill.  Sales prices ranged from $290,000 to $455,000 for an average of $138.15 per sq. ft. of living area. There were no foreclosures or short sales in these sales.

Sugar Hill in Jensen Beach Florida

December 2013 market Update for Sugar Hill in Jensen Beach is an eye pleasing high elevation neighborhood filled with upscale homes in Jensen Beach. All homes have very spacious yards that are surrounded with gorgeous Florida foliage. Most homes are timeless architectural works of beauty! Houses range from 2 to 5 bedrooms and 2 to 5 bathrooms, so whatever size you are looking for, Sugarhill is sure to have it. The neighborhood is located just minutes from all that Jensen Beach has to offer, like the beautiful stretches of beach on Hutchinson Island, the fantastic shopping at the Treasure Coast Square Mall, many restaurants you are sure to love, and our ‘A’ rated schools for all grade levels!

Sugar Hill in Jensen Beach FloridaSugarhill has very reasonable HOA fees of only $500.00 per year.

Sugar Hill in Jensen Beach Florida

The current Martin County Schools for Sugar Hill are Jensen Beach Elementary School, Stuart Middle School and Jensen Beach High School

Sugar Hill in Jensen Beach Florida

 

Here are the currently available homes in December 2013 market Update for Sugar Hill in Jensen Beach

 

For any questions you may have about December 2013 market Update for Sugar Hill in Jensen Beach, please call the Gabe Sanders BlueWater Realty team at 772-323-6996 or Contact Us Here

Jensen Beach Florida Real Estate

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

December 2013 market Update for Sugar Hill Jensen Beach

Stuart Florida Market Report ZIP Code 34997 Residential November 2013

12.16.13 by

Stuart Florida Market Report ZIP Code 34997 Residential November 2013

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2013

 

There are currently 396 active listings (Increased by 15 homes from October). Stuart Florida Market Report ZIP Code 34997 Residential November 2013

143 Residential sales are pending and awaiting close or lender approval (A decrease of 28 homes from October).

Stuart Florida Market Report ZIP Code 34997 Residential November 2013

 

71 Homes Sold in November (Up by 9 homes from October)

Stuart Florida Market Report ZIP Code 34997 Residential November 2013

Mostly positive signs from the Stuart Florida Market Report ZIP Code 34997 residential real estate market.  Unlike many other areas of Martin County the 34997 zip code had a significant rise in inventory in the past two months.  Closed sales were also up.  The only point of some concern was a drop in pending activity for November.
 
The current one month absorption rate dropped to 5.6 months making this segment of the Stuart residential market once again a seller’s market (up from last months 6.15 month absorption rate).  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.  
 
The 2012 numbers were: 359 active listings, 191 pending listings and 44 closed sales.   Interestingly there’s a significantly higher inventory for this segment of the Martin County real estate market.  Closed activity is much higher for this year.  While the number of potential future sales (pending inventory) is a bit worrisome this month.
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
Stuart Florida Market Report ZIP Code 34997 Residential November 2013
 
 

Search here for Stuart Florida Real Estate for Sale

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

 

Sewalls Point, FL Real Estate

Rental Properties

Vacant Land Properties

Residential Properties

 

Stuart Florida Market Report ZIP Code 34997 Residential November 2013

Stuart Florida Market Report ZIP Code 34996 Residential November 2013

12.14.13 by

Stuart Florida Market Report ZIP Code 34996 Residential November 2013

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for November 2013

 

For November, 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 139 active listings (Increased by 10 homes from October). Stuart Florida Market Report ZIP Code 34996 Residential November 2013

 29 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from October).

Stuart Florida Market Report ZIP Code 34996 Residential November 2013 

9 Homes Sold in November (Decreased by 4 homes from October).
Stuart Florida Market Report ZIP Code 34996 Residential November 2013

For the 34996 zip code area of Stuart Florida real estate market, mixed results for November.  A nice increase in inventory which will give buyers a greater selection of available homes for sale.  Also, a small increase in pending sales which is a good sign for future activity.  Unfortunately closed sales were down for this month.

The one month absorption rate for the 34996 zip code area of Stuart Florida for November jumped to 15.4  months as compared to October’s 9.9 months.  A strong buyer’s market for the 34996 zip code area of Stuart.  A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for November of 2012 were: 157 active listings, 23 pending sales and 11 closed sales.   Marginally better numbers this year as compared to 2012 when the reduced inventory is factored in.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:

Stuart Florida Market Report ZIP Code 34996 Residential November 2013 

Search here for Stuart Florida Real Estate for Sale


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

 

Stuart Florida Market Report ZIP Code 34996 Residential November 2013

Stuart Florida Market Report ZIP Code 34994 Condo, November 2013

12.13.13 by

Stuart Florida Market Report ZIP Code 34994 Condo, November 2013

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

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

 

There are currently 118 active condo listings (Decreased by 3 condos from October).

Stuart Florida Market Report ZIP Code 34994 Condo, November 2013

42 Condo sales are pending and awaiting close or lender approval. (Down by 1 condo from last month)
  Stuart Florida Market Report ZIP Code 34994 Condo, November 2013

 

20 Condos Sold in November (Increased by 6 condos from October).

Stuart Florida Market Report ZIP Code 34994 Condo, November 2013

A small and welcome increase in activity for the Stuart Condo market for zip code 34994.   Pending sales remained virtually unchanged while we had a nice rise in closed sales to 20 condos.  The inventory which rose the past two months, was once again down.

The one month absorption rate rose to 5.9 months compared to last months 8.6.  A marginal sellers’ market for the 34994 zip code condo market of Stuart FL.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last November the numbers were 153 active listings, 42 pending sales, and 11 closed sales.   Better activity this year than last, especially when considering the greatly reduced number of available condos for sale.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:

Stuart Florida Market Report ZIP Code 34994 Condo, November 2013

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, November 2013

December 2013 Market Report for Lost River Plantation Stuart, FL

12.10.13 by

December 2013 Market Report for Lost River Plantation Stuart, FL

As of December 2013, there are 12 available homes for sale in the Lost River Plantation community of Stuart, FL.  Prices range from $413,000 to $715,000 for an average price per sq. ft. of $203.95.  3 of these homes are short sales.

There are 5 homes under contract ranging in listing price from $479,900 to $659,900 for an average of $183.60 per sq. ft. of living area.   2 of these homes are short sales and two are conventional sales.  The last one is a new home product from Kolter Homes.

In the past 12 months, there have been 6 sales ranging in sales prices from $520,000 to $570,000 for an average sales price of $191.73 per sq. ft. of living area.  All of these sales were conventional sales with 3 of the homes new construction from Kolter Homes.

 Lost River Plantation in Stuart, Florida consists of 111 homes all with private docks and Ocean access via the South Fork of the Saint Lucie River.  All, but just a handful of the homes have waterfront and dockage located in the backyard.  Suitable for deep draft ocean going vessels with some docks able to accommodate over 50’ vessels.  All homes are of newer construction (from 2004 to the present).  There are a limited number of new homes not on the MLS available now or to be built, please call us for details.

This is a spectacular waterfront community with very private and protected waterfront areas.  There is a community marina with a clubhouse that offers a fitness center, kitchen and social rooms.  For those wishing to commute to pints north or south, Lost River is very conveniently located near the Interstate for easy access.  Yet, it’s only 10 to 20 minutes’ drive to the pristine beaches and  quaint downtown areas of Stuart, Florida.  Also close to shopping, restaurants as well as medical facilities.  Lost River Plantation is a tremendous opportunity for newer waterfront construction.  A rare gem in this real estate market!

Search for all Lost River Plantation Homes for Sale in Stuart Florida

View all of our listings

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

December 2013 Market Report for Lost River Plantation Stuart, FL

October 2013 Monthly Market Detail St Lucie County Townhouses and Condos

12.04.13 by

October 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The October 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed  a second month drop from last years numbers.   Year to year closed sales were down by 12.7% (was down by 28.6% in September) while new sales under contract (new pending sales) decreased by 13.6% (was  down by 18% in September

Prices continued to rise however, year to year, with the median sales price up by 14.3% (up 12.6% in September) and the average sales price rose by 26% (was up by 14.6% in September).October 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The inventory of available townhouses and condos increased from last month to 835 units which is a decrease of 8% from last October.  Current supply of inventory is now 8.5 months (a 9.7% decrease from last year).   This segment of the market continues to be a buyers market and I anticipate some moderation in price increases in the coming months unless the sale volume picks up.

Please see the entire Saint Lucie County townhouse and condo market detail by clicking the links below:

 

Click here to view or download the full report:
October 2013 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.

October 2013 Monthly Market Detail St Lucie County Townhouses and Condos

October 2013 Monthly Market Detail St Lucie County Single Family Homes

12.03.13 by

October 2013 Monthly Market Detail St Lucie County Single Family Homes

The October 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors has moderated in the past couple of months as compared to last years activity.   Closed sales were unchanged from last year  (in September they were up by 4.1%)  and new sales under contract (new pending sales) decreased by 6.9% (they were up by 12% last month).

Both median and average sales prices were up (year to year) by 29% and 24.6% respectively year to year. October 2013 Monthly Market Detail St Lucie County Single Family Homes

The inventory of active listings rose in October (from last month) to 2104 homes, still down by 8.1% from last year.  Current supply of inventory is only 4.9 months (a 18.3% decrease from last year).  For October 2013 this remains a strong sellers market in the St Lucie County area.  However with the significant rise in prices as well as increasing mortgage rates, the current trend appears to be leveling off as inventory also is starting to rebound.  I expect continued good activity for the Saint Lucie County single family market but I wouldn’t be surprised to see a moderation in the rising values.

Please click on the links below to read the full Saint Lucie County single family market detail:

 

Click here to view or download the full report:
October 2013 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.

October 2013 Monthly Market Detail St Lucie County Single Family Homes

October 2013 Monthly Market Detail Martin County Townhouses and Condos

12.02.13 by

October 2013 Monthly Market Detail Martin County Townhouses and Condos

The October 2013 Monthly Market Detail Martin County Townhouses and Condos continues to showed some weakness of the year to year results.  After some surprisingly strong results from last month.  We are now well into our slower season, however we are comparing to last years results for the same period.   Year to year closed sales were up by 1.1% ( up by 36.2% in September) while new sales under contract (new pending sales) decreased by 36.2% (was down 8% in September).October 2013 Monthly Market Detail Martin County Townhouses and Condos

The median sales price increased by 1.3% (was up by 49.5% in September) while the average sales price rose by 10.7% (was up 30.6% in September) as compared to October of 2012.

The inventory of available townhouses and condos has increased slightly to 596 units from last month, while still a decrease of  21.1% from last October.  Current supply of inventory is only 5.9 months (a 33.9% decrease from last year).  For the Martin County townhouse and condo market we have transitioned into numerous months of a seller’s market.  This is exerting significant pressure into rising values for this segment of the real estate market.

 

 Click here to view or download the full report:
October 2013 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.

October 2013 Monthly Market Detail Martin County Townhouses and Condos

October 2013 Monthly Market Detail Martin County Single Family Homes

12.01.13 by

October 2013 Monthly Market Detail Martin County Single Family Homes

The October 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors showed slightly slower activity than in most previous months this year, though still much improved from last year.   Closed sales were up by 8.5% (was 58.5% in September) and new sales under contract (new pending sales) increased by 36.2% (24.1% in September).

The median sales price was up by 20.6% from last year while unfortunately the average declined by 30.5%.October 2013 Monthly Market Detail Martin County Single Family Homes

The inventory of available single family homes increased this month to 1242 units but this is still down by 4.2% from last October.  Current supply of inventory is only 6.7 months (a 18.9% decrease from last year).  We are now in a balanced market for residential sales in Martin County.  Considering that this is typically the slower season for Martin County, I’m expecting a return to a sellers market once the holiday season is over.

Please look at the full Martin County single family market detail by clicking on the links below:

 

Click here to view or download the full report:
October 2013 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.

October 2013 Monthly Market Detail Martin County Single Family Homes

October 2013 Monthly Market Detail Florida Townhouses and Condos

11.30.13 by

October 2013 Monthly Market Detail Florida Townhouses and Condos

The October 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida continues to show gains though not as robust as they were earlier in the year.  Year to year closed sales were up by 3.1% as compared to last months increase of 11.4% and new sales under contract (new pending sales) decreased by 3.6% (September’s increase was 4.6%).October 2013 Monthly Market Detail Florida Townhouses and Condos

Both median and average sales prices were up (year to year) by 22.1% and 12% respectively.

One item of concern is the active inventory which has decreased again (though slightly), for October by .09%.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

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:
October 2013 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.

October 2013 Monthly Market Detail Florida Townhouses and Condos

October 2013 Monthly Market Detail Florida Single Family Homes

11.29.13 by

October 2013 Monthly Market Detail Florida Single Family Homes

The Florida real estate market continues to improve as reported by Florida Realtors for the October 2013 Monthly Market Detail Florida Single Family Homes, though at not quite as great a rate as in past months.  All indices have once again moved in a positive direction.  Year to year closed sales were up by 6.5% (was 18.8% in September) and new sales under contract (new pending sales) increased by 3.4% (was 10.5% in September).October 2013 Monthly Market Detail Florida Single Family Homes

Both median and average sales prices were up (October 2012 to October 2013) by 16.6% and 12.6% respectively.   Very strong numbers that I expect will moderate in the next few months unless the overall state economy shows some improvements as well.

The inventory of available homes for sale increased by 3.3% from last year.  This is the first month in some time that we’ve seen an increase in inventory.  I’ve been expecting this, and as inventory increases the pressure on rising prices will ease as well.  Making the double digit gains of this past year a little more difficult to sustain.

Please look at the full detail report for the rest of the story:

Click here to view or download the full report:
October 2013 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.

October 2013 Monthly Market Detail Florida Single Family Homes

Stuart Florida Market Report ZIP Code 34994 Condo, October 2013

11.21.13 by

Stuart Florida Market Report ZIP Code 34994 Condo, October 2013

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

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

 

There are currently 121 active condo listings (Increased by 2 condos from September). Stuart Florida Market Report ZIP Code 34994 Condo, October 2013

43 Condo sales are pending and awaiting close or lender approval. (Down by 5 condos from last month)
  Stuart Florida Market Report ZIP Code 34994 Condo, October 2013

 

14Condos Sold in October (Decreased by 1 condo from September).

Stuart Florida Market Report ZIP Code 34994 Condo, October 2013

For the summer season in the Stuart Condo market for zip code 34994 both pending and closed sales were down again for October.   The inventory grew for a second month in a row by 2 condos.  Not unexpected results as the condo market in Martin County is very seasonably dependent, though other segments of the Stuart condo market have had better activity.  We are now awaiting the ‘snowbirds’ to return and to see how they feel about buying in our market.

The one month absorption rate rose to 8.6 months compared to last months 7.9.  Back into a more pronounced buyer’s market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last October the numbers were 143 active listings, 45 pending sales, and 13 closed sales.   When the reduced inventory is accounted for, the real estate market for condos in the 34994 zip code area of Stuart is still out-performing October 2012 activity.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:

Stuart Florida Market Report ZIP Code 34994 Condo, October 2013

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, October 2013

Stuart Florida Market Report ZIP Code 34996 Residential October 2013

11.18.13 by

Stuart Florida Market Report ZIP Code 34996 Residential October 2013

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for October 2013

 

For October, 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 129 active listings (Decreased by 11 homes from September).
Stuart Florida Market Report ZIP Code 34996 Residential October 2013

 

27 Residential sales are pending and awaiting close or lender approval (Increased by 11 homes from September). Stuart Florida Market Report ZIP Code 34996 Residential October 2013

 

13 Homes Sold in October (No change from September).
Stuart Florida Market Report ZIP Code 34996 Residential October 2013

 

 

After a very soft September for the 34996 zip code area of Stuart Florida real estate market, activity for October picked up quite well.  Though a bit surprising as the trend for most of our areas was a little light for October.  Pending sales rebounded from September, while closed sales remained steady.  The inventory, which took a nice jump in September, once again decreased this October. 

The one month absorption rate for the 34996 zip code area of Stuart Florida for October decreased to 9.9 months as compared to September’s 10.8 months.  Still a buyer’s market for the 34996 zip code area of Stuart.  A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for October of 2012 were: 157 active listings, 33 pending sales and 12 closed sales.   Slightly improved market as compared to last year.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:

 Stuart Florida Market Report ZIP Code 34996 Residential October 2013

Search here for Stuart Florida Real Estate for Sale


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

 

Stuart Florida Market Report ZIP Code 34996 Residential October 2013

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

11.13.13 by

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2013

 

There are currently 381 active listings (Increased by 25 homes from September).
Stuart Florida Market Report ZIP Code 34997 Residential October 2013

 

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

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

 

62 Homes Sold in October (Down by 8 homes from September)

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

 

The Stuart Florida Market Report ZIP Code 34997 showed some moderation as we approach the slower holiday season.  The inventory rose for the third month in a row, unlike many other areas of Martin County.  Both sales and pending sales decreased for October.
 
The current one month absorption rate rose to 6.15 months making this segment of the Stuart residential market a balanced one (up from last months 5.1 month absorption rate).  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.  
 
The 2012 numbers were: 360 active listings, 189 pending listings and 51 closed sales.   Better activity as compared to last October.  Interestingly with an increase in inventory.
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
Stuart Florida Market Report ZIP Code 34997 Residential October 2013
 
 

Search here for Stuart Florida Real Estate for Sale

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

 

Stuart, FL Real Estate

Rental Properties

Condominium Properties

Vacant Land Properties

Commercial Properties

Residential Properties

 

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

September 2013 Monthly Market Detail St Lucie County Townhouses and Condos

11.05.13 by

September 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The September 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed  an unexpected drop from last years numbers.   Year to year closed sales were down by 28.6% (was down by4% in August) while new sales under contract (new pending sales) decreased by 18% (was  up by 4.9% in August

Prices continued to rise however, year to year, with the median sales price up by 12.6% (up 69.4% in August) and the average sales price rose by 14.6% (was up by 38.2% in August).

The inventory of available townhouses and condos decreased from last month to 785 units which is a decrease of 18.1% from last September.  Current supply of inventory is now 7.9 months (a 22.9% decrease from last year).   This is the only segment of the Treasure Coast real estate market to show a decrease of closed sales (year to year).  The townhouse and condo markets are much more seasonally affected as more buyers in this segment tend to be ‘snowbirds’ and we may continue with weak results for the next few months.September 2013 Market Detail for Saint Lucie County Townhouses and Condos

Please see the entire Saint Lucie County townhouse and condo market detail by clicking the links below:

 

Click here to view or download the full report:
September 2013 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.

September 2013 Monthly Market Detail St Lucie County Townhouses and Condos

September 2013 Monthly Market Detail St Lucie County Single Family Homes

11.04.13 by

September 2013 Monthly Market Detail St Lucie County Single Family Homes

The September 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues the positive trend that has been apparent all this year, though at a more moderate rate for the past few months.   Closed sales were up by 4.1%  (in August they were up by 3.5%)  and new sales under contract (new pending sales) increased by 12% (they were up by 17.8% last month).

Both median and average sales prices were up (year to year) by 14.2% and 15% respectively year to year. 

The inventory of active listings rose in September (from last month) to 1947 homes, still down by 24.1% from last year.  Current supply of inventory is only 4.5 months (a 33.6% decrease from last year) and unchanged from August.  For September 2013 this remains a strong sellers market in the St Lucie County area.  Lower inventory typically results in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  Prices have been rising because of the shortage of inventory and the slow recovery of the market.September 2013 Market Detail for Saint Lucie County Single Family

Please click on the links below to read the full Saint Lucie County single family market detail:

 

Click here to view or download the full report:
September 2013 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.

September 2013 Monthly Market Detail St Lucie County Single Family Homes

September 2013 Monthly Market Detail Martin County Townhouses and Condos

11.03.13 by

September 2013 Monthly Market Detail Martin County Townhouses and Condos

The September 2013 Monthly Market Detail Martin County Townhouses and Condos continues to show positive year to year results.  Though the gains for September were surprisingly strong as compared to August of 2013, though we are entering into our slower season.   Year to year closed sales were up by 36.2% ( up by 1.3% in August) while new sales under contract (new pending sales) decreased by 8% (was up 4.9% in August).

The median sales price increased by 49.5% (was up by 16.3% in August) while the average sales price rose by 30.6% (was up 13.4% in August) as compared to September of 2012.September 2013 Market Detail for Martin County Townhouses and Condos

The inventory of available townhouses and condos has increased slightly to 560 units from last month, while still a decrease of 29.8% from last September.  Current supply of inventory is only 5.6 months (a 41.9% decrease from last year).  For the Martin County townhouse and condo market we have transitioned into numerous months of a seller’s market.  This is exerting significant pressure into rising values for this segment of the real estate market.

 

 Click here to view or download the full report:
September 2013 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.

September 2013 Monthly Market Detail Martin County Townhouses and Condos

September 2013 Monthly Market Detail Martin County Single Family Homes

11.02.13 by

September 2013 Monthly Market Detail Martin County Single Family Homes

Positive reports for the September 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors.  Surprisingly strong results compared to many other areas of the state for September.   Closed sales were up by 58.5% (was 9.1% in August) and new sales under contract (new pending sales) increased by 24.1% (35.2% in August).

Both the median and average sales prices (year to year) increased this month by percentages of 35% and 21.9% respectively.

The inventory of available single family homes increased this month to 1216 units but this is still down by 9.3% from last September.  Current supply of inventory is only 6.6 months (a 24.5% decrease from last year).  We are now in a balanced market for residential sales in Martin County.  Considering that this is typically the slower season for Martin County, I’m expecting a return to a sellers market once the holiday season is over.September 2013 Market Detail for Martin County Single Family

Please look at the full Martin County single family market detail by clicking on the links below:

 

Click here to view or download the full report:
September 2013 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.

September 2013 Monthly Market Detail Martin County Single Family Homes

September 2013 Monthly Market Detail Florida Townhouses and Condos

11.01.13 by

September 2013 Monthly Market Detail Florida Townhouses and Condos

The September 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida continues to show gains though not as robust as they were in the spring of this year.  Year to year closed sales were up by 11.4% as compared to last months increase of 6.3% and new sales under contract (new pending sales) increased by 4.6% (August’s increase was 11.6%).

Both median and average sales prices were up (year to year) by a healthy 23.5% and 16.9% respectively. Florida Condo and Townhouse

One item of concern is the active inventory which has decreased again, for September by 7.9%.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

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:
September 2013 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.

September 2013 Monthly Market Detail Florida Townhouses and Condos