August 2013 Monthly Market Detail Martin County Townhouses and Condos

10.03.13 by

August 2013 Monthly Market Detail Martin County Townhouses and Condos

The August 2013 Monthly Market Detail Martin County Townhouses and Condos continues to show positive year to year results.  Though the gains for August are not quite as dynamic as they have been in the earlier months of 2013.   Year to year closed sales were up by 1.3% ( down by 20.8% in July) while new sales under contract (new pending sales) increased by 4.9% (was 65.6% in July).

The median sales price increased by 16.3% (was up by 20.7% in July) while the average sales price rose by 13.4% (was up 10.2% in July) as compared to August of 2012.

The inventory of available townhouses and condos have decreased to 534 units which is a decrease of 34.1% from last August.  Current supply of inventory is only 5.4 months (a 43.5% decrease from last year).  For the Martin County townhouse and condo market we are now in a seller’s market.  This will put significant pressure into possible rising values as long as a seller’s market persists.Martin County Townhome Condo

 

 

 

Click here to view or download the full report:
August 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.

August 2013 Monthly Market Detail Martin County Townhouses and Condos

August 2013 Monthly Market Detail Martin County Single Family Homes

10.02.13 by

August 2013 Monthly Market Detail Martin County Single Family Homes

Positive reports for the August 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors, though not quite as robust as last month.   Closed sales were up by 9.1% (was 18.2% in July) and new sales under contract (new pending sales) increased by 35.2% (42.1% in July).

Both the median and average sales prices (year to year) increased this month by percentages of 17% and 29.8% respectively.

The inventory of available single family homes have decreased to 1102 units which is down by 21.1% from last August.  Current supply of inventory is only 6.2 months (a 31.4% decrease from last year).  We are now in a balanced market for residential sales in Martin County.  There’s no reason not to expect a seller’s market should the inventory continue to decrease.

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:
August 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.

August 2013 Monthly Market Detail Martin County Single Family Homes

August 2013 Monthly Market Detail Florida Townhouses and Condos

09.29.13 by

August 2013 Monthly Market Detail Florida Townhouses and Condos

The August 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 6.3% as compared to last months increase of 16.8% and new sales under contract (new pending sales) increased by 11.6% (July’s increase was 20.7%).

Both median and average sales prices were up (year to year) by a healthy 25.2% and 18.6% respectively. 

One item of concern is the active inventory which has decreased again, for August by 13.8%.  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.Florida Townhome Condo

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:
August 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.

August 2013 Monthly Market Detail Florida Townhouses and Condos

August 2013 Monthly Market Detail Florida Single Family Homes

09.28.13 by

August 2013 Monthly Market Detail Florida Single Family Homes

More good news for the Florida real estate market as reported by Florida Realtors for the August 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida.  All indices have once again moved in a positive direction with the exception of inventory (active listings), though not by quite as large percentages as last month.  Year to year closed sales were up by 12.5% (was 20.9% in July) and new sales under contract (new pending sales) increased by 17.2% (was 25.9% in June).

Both median and average sales prices were up (August 2012 to August 2013) by 18.6% and 13.6% respectively.  August results are very positive though slightly less robust than July

The inventory of available homes for sale remains a concern as it continues to decrease, down by 12.3% from last year.  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.Florida Single Family Market Detai

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

 

Click here to view or download the full report:
August 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.

August 2013 Monthly Market Detail Florida Single Family Homes

Stuart Florida Market Report ZIP Code 34997 Residential August 2013

09.18.13 by

Stuart Florida Market Report ZIP Code 34997 Residential August 2013

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

 

There are currently 347 active listings (Increased by 13 homes from July).
Stuart Florida Market Report ZIP Code 34997 Residential August 2013

167 Residential sales are pending and awaiting close or lender approval (An increase of 1 home from July). Stuart Florida Market Report ZIP Code 34997 Residential August 2013

 

58 Homes Sold in August (Down 4 homes from July)
Stuart Florida Market Report ZIP Code 34997 Residential August 2013

 

The Stuart Florida Market Report ZIP Code 34997 remained steady from last month, though not as active as the spring market.  The inventory rose in this area, unlike most other areas of Martin County.  Sales  steady and pending sales were up marginally. 
 
The current one month absorption rate rose to 6 months which still indicates a balanced market ( up from last months 5.3 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: 332 active listings, 195 pending listings and 82 closed sales.   For the 34997 area code of Stuart, the 2012 real estate market was actually more active than August of 2013.
 
 
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 August 2013
 

Search here for Stuart Florida Real Estate for Sale

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Stuart, FL Real Estate

Rental Properties

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Stuart Florida Market Report ZIP Code 34997 Residential August 2013

Stuart Florida Market Report ZIP Code 34996 Residential August 2013

09.16.13 by

Stuart Florida Market Report ZIP Code 34996 Residential August 2013

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

 

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

 

There are currently 125 active listings (Decreased by 1 home from July).
Stuart Florida Market Report ZIP Code 34996 Residential August 2013

 

 

26 Residential sales are pending and awaiting close or lender approval (Decreased by 18 homes from July).Stuart Florida Market Report ZIP Code 34996 Residential August 2013

 

 

25 Homes Sold in August (Increased by 10 homes from July).
Stuart Florida Market Report ZIP Code 34996 Residential August 2013

 

 

In the 34996 zip code area of Stuart Florida real estate market activity for August 2013 there was a nice jump in closed sales from July.  Unfortunately pending sales were off by a large number as well indicating possibly slower market activity for the coming months.  Not an unexpected possibility as we are approaching our ‘off’ season.  Inventory remains low and was basically unchanged from July.

The one month absorption rate for the 34996 zip code area of Stuart Florida for August dipped to 5 months as compared to July’s 8.4 months, indicating a sellers market for now.  A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for August of 2012 were: 166 active listings, 34 pending sales and 6 closed sales.   Still outperforming last years market, though the reduced pending sales numbers are troubling.

 

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 August 2013

 

Search here for Stuart Florida Real Estate for Sale


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Stuart Florida Market Report ZIP Code 34996 Residential August 2013

315 NW Bayonet PL – Another Pines Home Sold

09.15.13 by

315 NW Bayonet PL – Another Pines Home Sold

315 NW Bayonet Place has been sold by the Gabe Sanders real estate team.  The sales price was $319,500. 

Front of the the Pines Home in Jensen Beach FL

Two story beauty, lots of upgrades.  4 bedrooms, 2.5 baths CBS home in The Pines.   Screened and heated pool, lots of covered outdoor living space, preserve views.  Many upgrades including; granite counter-tops in kitchen, new vanity and fixtures in half bath, Italian porcelain tile floors in living area, wood floor in family room, wood blinds and much more…  New high efficiency air conditioner (16 SEER) in 2012, 

Pool of the Pines Home in Jensen Beach FL

Kitchen of the Pines Home in Jensen Beach FL

Located adjacent to the new Jensen Beach High School, and Felix A. Williams elementary school, among Martin County’s best schools, is only one reason why living in the Pines and Windemere are so desirable.

the Pines and Windemere

 

Some residents have stated “sending our children to Felix A. Williams is like having a private school in our own back yard.”  “Our Kids can walk to the new High School”

Jensen Beach High School

In addition to the best schools, The Pines is located just 1.5 miles from the beautiful unspoiled beaches of Hutchinson Island, a fantastic public golf course is right next door, a regional park that offers little league and soccer and many family attractions.  “we can play golf without the high cost just next door.”

For others, the best shops of the Treasure Coast Mall with a new 13-plex theater are walking distance and grocery stores are located nearby.

World famous fishing is just a ride away. Stuart is known as the “Sailfish capital of the world.”

Adjacent to the Pines, is the smaller community of Windemere and the Preserves.  Currently, D.R. Horton is in the process of building brand new affordable homes in both the Pines and Windemere subdivisions at some very affordable prices. 

 

For any questions you may have about 315 NW Bayonet PL – Another Pines Home Sold, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

 Search for the Pines and Windemere Re-Sale Homes
Search the Martin County MLS

Jensen Beach Florida Real Estate

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

315 NW Bayonet PL – Another Pines Home Sold

Stuart Florida Market Report ZIP Code 34994 Condo, August 2013

09.12.13 by

Stuart Florida Market Report ZIP Code 34994 Condo, August 2013

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

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

 

There are currently 1112 active condo listings (Increased by 3 condo from July).Stuart Florida Market Report ZIP Code 34994 Condo, August 2013

 

48 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, August 2013

 

 

16 Condos Sold in August (Increased by 5 condos from July).Stuart Florida Market Report ZIP Code 34994 Condo, August 2013

 

For the summer season in the Stuart Condo market for zip code 34994 pending sales were off slightly from last month.   The inventory grew by 3 condos.  Sales increased by 5 condos.   This is considered the ‘off’ season for the Martin County condo market, so the increase in the number of sales is certainly a welcome number.

The one month absorption rate dipped to 7 months compared to last months 9.6.  Just about a balanced 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 August the numbers were 143 active listings, 43 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 quite strong when compared to August of 2012.

 

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, August 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, August 2013

July 2013 Monthly Market Detail St Lucie County Townhouses and Condos

09.02.13 by

July 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The July 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed a is back on a positive track after showing a little weakness last month.   Year to year closed sales were up by 8.9% (was off by 17% in June) while new sales under contract (new pending sales) increased by 29.9% (was 9.4% in June

Prices continued to rise, year to year, with the median sales price up by an impressive 62.6% (up 11.8% in June) and the average sales price rose by 20% (was up by 11.8% in June).

The inventory of available townhouses and condos rose slightly from last month to 801 units which is a decrease of 25% from last July.  Current supply of inventory is now 7.8 months (a 35.8% decrease from last year).   While these results are not quite as strong as in the single family market, they still show strong gains from previous years.  It is just a matter of time before prices start rising a bit more dramatically.  This current environment is an excellent opportunity for buyers looking into the Saint Lucie County real estate market for townhouses and condos.

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

 July 2013 Monthly Market Detail St Lucie County Townhouses and Condos

 

 

Click here to view or download the full report:
July 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.

July 2013 Monthly Market Detail St Lucie County Townhouses and Condos

July 2013 Monthly Market Detail St Lucie County Single Family Homes

09.01.13 by

July 2013 Monthly Market Detail St Lucie County Single Family Homes

The July 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 July.   Closed sales were up by 4.3% which were down by 0.4% (in June they were down by .4%)  and new sales under contract (new pending sales) increased by 55.6% (they were up by 42.6% last month).

Both median and average sales prices were up (year to year) by 23.2% and 21.7% respectively. 

The inventory of active listings rose from last month, but is still down by 34.2% from last year.  Current supply of inventory is only 4.3 months (a 43.6% decrease from last year) and up slightly from 3.9 months from June.  For July 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.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I  expect to see continued increases in inventory.

Please click on the links below to read the full Saint Lucie County single family market detail:July 2013 Monthly Market Detail St Lucie County Single Family Homes

 

 

Click here to view or download the full report:
July 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.

July 2013 Monthly Market Detail St Lucie County Single Family Homes

July 2013 Monthly Market Detail Martin County Townhouses and Condos

08.31.13 by

July 2013 Monthly Market Detail Martin County Townhouses and Condos

The July 2013 Monthly Market Detail Martin County Townhouses and Condos continues to show positive year to year results.  We’ve had a very impressive run so far in 2013 with no signs of abatement.   Year to year closed sales were up by 20.8% ( down by 18% in June) while new sales under contract (new pending sales) increased by 65.6% (was 38.3% in June).

The median sales price increased by 20.7% (was up by 14.6% in June) while the average sales price rose by 10.2% (was up 25.3% in June) as compared to July of 2012.

The inventory of available townhouses and condos have decreased to 545 units which is a decrease of 31.5% from last July.  Current supply of inventory is only 5.5 months (a 41.4% decrease from last year).  For the Martin County townhouse and condo market we are now in a seller’s market.  This will put significant pressure into possible rising values as long as a seller’s market persists.Martin County Townhouses and Condos Market Detail July 2013

 

Click here to view or download the full report:
July 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.

July 2013 Monthly Market Detail Martin County Townhouses and Condos

July 2013 Monthly Market Detail Martin County Single Family Homes

08.30.13 by

July 2013 Monthly Market Detail Martin County Single Family Homes

Another month of solid gains year to year for the July 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors.   Closed sales were up by 18.2% (was 24.4 % in June) and new sales under contract (new pending sales) increased by 42.1% (43.9% in June).

Both the median and average sales prices (year to year) increased this month by percentages of 11.8% and 14% respectively.

The inventory of available single family homes have decreased to only 1102 units which is down by 23.9% from last July.  Current supply of inventory is only 6.3 months (a 35.5% decrease from last year).  We are now in a balanced market for residential sales in Martin County.  There’s no reason not to expect a sellers market should the inventory continue to decrease.

Please look at the full Martin County single family market detail by clicking on the links below:Martin County Single Family Market Detail July 2013

 

 

Click here to view or download the full report:
July 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.

July 2013 Monthly Market Detail Martin County Single Family Homes

July 2013 Monthly Market Detail Florida Townhouses and Condos

08.29.13 by

July 2013 Monthly Market Detail Florida Townhouses and Condos

The July 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida showed excellent activity after a bit of easing in June.   Year to year closed sales were up by 16.8% as compared to last months decrease of 2.5% and new sales under contract (new pending sales) increased by 20.7% (June’s increase was 14.2%).

Both median and average sales prices were up (year to year) by 21.9% and 21.7% respectively (higher than June’s). 

One item of concern is the active inventory which has decreased again, for July by 17.5%.  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:Monthly Market Detail July 2013 Townhouses and Condos Florida

 

 

Click here to view or download the full report:
July 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.

July 2013 Monthly Market Detail Florida Townhouses and Condos

July 2013 Monthly Market Detail Florida Single Family Homes

08.28.13 by

July 2013 Monthly Market Detail Florida Single Family Homes

The positive trend continues for the real estate market as reported by Florida Realtors for the July 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida.  All indices have once again moved in a positive direction with the exception of inventory (active listings).  Year to year closed sales were up by 20.9% (was 8.6% in June) and new sales under contract (new pending sales) increased by 25.9% (was 23.1% in June).

Both median and average sales prices were up (July 2012 to July 2013) by 18.7% and 17.5% respectively.  July results are surprisingly better numbers than June of 2013 and momentum has been regained.

The inventory of available homes for sale remains a concern as it continues to decrease, down by 17.2% from last year.  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.

Please look at the full detail report for the rest of the story:Florida Market Detail July 2013 Single Family Homes

 

Click here to view or download the full report:
July 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.

July 2013 Monthly Market Detail Florida Single Family Homes

Stuart Florida Market Report ZIP Code 34997 Residential July 2013

08.16.13 by

Stuart Florida Market Report ZIP Code 34997 Residential July 2013

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

 

There are currently 331 active listings (A decrease of 1 home from June).

Active Listings - Stuart Florida Market Report ZIP Code 34997 Residential July 2013

166 Residential sales are pending and awaiting close or lender approval (A decrease of 6 home from June).

Pending Listings - Stuart Florida Market Report ZIP Code 34997 Residential July 2013

 

62 Homes Sold in July (Down 6 homes from June)

Sold Listings - Stuart Florida Market Report ZIP Code 34997 Residential July 2013

 

Activity eased for the second month in a row for the Stuart Florida Market Report ZIP Code 34997.  Inventory remained basically unchanged while both pending and closed sales saw decreases.  This is still a sellers market for now, but if this trend continues we will probably see a more balanced market in the next few months.
 
The current one month absorption rate rose to 5.3 months which still indicates a sellers market ( though it’s up from last months 4.9 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: 330 active listings, 222 pending listings and 50 closed sales.  Better closed activity this year, while pending sales are significantly lower.  Unusually for this segment of the Stuart residential market, the inventory is similar to last year.  (Most of our areas have reduced inventory this year as compared to last)
 
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
 
Market Summary - Stuart Florida Market Report ZIP Code 34997 Residential July 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

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Stuart Florida Market Report ZIP Code 34997 Residential July 2013

Stuart Florida Market Report ZIP Code 34996 Residential July 2013

08.14.13 by

Stuart Florida Market Report ZIP Code 34996 Residential July 2013

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

 

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

There are currently 126 active listings (Decreased by 27 homes from June).

Active Listings - Stuart Florida Market Report ZIP Code 34996 Residential July 2013

 

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

Pending Listings - Stuart Florida Market Report ZIP Code 34996 Residential July 2013

 

15 Homes Sold in July (Decreased by 6 homes from June).

Sold Listings - Stuart Florida Market Report ZIP Code 34996 Residential July 2013

 

In the 34996 zip code area of Stuart Florida real estate market activity for July 2013 there was a large drop in inventory for July.  Whether sellers are taking a break for the summer or waiting for prices to increase, only time will tell.  Closed sales were off slightly in July while we did have a small rise in pending sales.

The one month absorption rate for the 34996 zip code area of Stuart Florida for July rose to 8.4 months, remaining a buyer’s market.  This figure should be dropping as the pending sales close in the coming months. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for July of 2012 were: 166 active listings, 28 pending sales and 11 closed sales.  Considerably better activity this year as compared to last, especially when considering the lower number of available homes for sale.

 

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

Market Summary - Stuart Florida Market Report ZIP Code 34996 Residential July 2013

Search here for Stuart Florida Real Estate for Sale


Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34996 Residential July 2013

Stuart Florida Market Report ZIP Code 34994 Condo, July 2013

08.13.13 by

Stuart Florida Market Report ZIP Code 34994 Condo, July 2013

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

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

 

There are currently 109 active condo listings (Decreased by 3 condo from June).

Active Listings - Stuart Florida Market Report ZIP Code 34994 Condo, July 2013


 

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

Pending Listings - Stuart Florida Market Report ZIP Code 34994 Condo, July 2013

 

11 Condos Sold in July (Decreased by 6 condos from June).

Sales - Stuart Florida Market Report ZIP Code 34994 Condo, July 2013

 

 

We’re in the off season for the Stuart Condo market for zip code 34994.   Surprisingly pending sales increased  by 1 condo while closed sales decreased by 6 units.   The inventory decline continues, by three condos this month.  It is a fairly seasonal condo market and we often see inventory declines in the summer months with an expected increase in late fall as the snowbird season begins.

The one month absorption rate rose to to 9.6 months, once again a buyers 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 July the numbers were 153 active listings, 30 pending sales, and 17 closed sales.  Closed sales were off a little as compared to last year, but inventory is off by more than 30%, yet the pending numbers are considerably better.

 

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

Market Summary - Stuart Florida Market Report ZIP Code 34994 Condo, July 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, July 2013

August 2013 Market Update for The Pines and Windemere in Jensen Beach

08.07.13 by

August 2013 Market Update for The Pines and Windemere in Jensen Beach

There are currently 15 homes for sale in the Pines and Windemere in Jensen Beach, FL ranging in price from $200,000 to $649,000 (Average asking price of $145.57 per square foot of living area)  One bank owned foreclosure and a number of new construction homes from D. R. Horton.

 13 homes are currently under contract with listing prices ranging from $170,000 to $389,900 at an average of $133.14 per square foot of living area.   5 of these pending sales are short sales. 

29 homes have sold in the past 12 months in the Pines and Windemere with the sales prices ranging from $165,000 and $408,001 (The average sales price was $277,839 at $122.98 per square foot)  There were no bank owned foreclosures and 5 short sales in these closed sales.

the Pines and Windemere

Located adjacent to the new Jensen Beach High School, and Felix A. Williams elementary school, among Martin County’s best schools, is only one reason why August 2013 Market Update for The Pines and Windemere in Jensen Beach is so desirable.

Jensen Beach High School

Some residents have stated “sending our children to Felix A. Williams is like having a private school in our own back yard.”  “Our Kids can walk to the new High School”

In addition to the best schools, The Pines is located just 1.5 miles from the beautiful unspoiled beaches of Hutchinson Island, a fantastic public golf course is right next door, a regional park that offers little league and soccer and many family attractions.  “we can play golf without the high cost just next door.”

the Pines and Windemere

For others, the best shops of the Treasure Coast Mall with a new 13-plex theater are walking distance and grocery stores are located nearby.

World famous fishing is just a ride away. Stuart is known as the “Sailfish capital of the world.”

the Pines and Windemere

Adjacent to the Pines, is the smaller community of Windemere and the Preserves.  Currently, D.R. Horton is in the process of building brand new affordable homes in both the Pines and Windemere subdivisions at some very affordable prices. 

 the Pines and Windemere

For any questions you may have about August 2013 Market Update for The Pines and Windemere in Jensen Beach, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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August 2013 Market Update for The Pines and Windemere in Jensen Beach

Four Rivers August 2013 Market Update

08.04.13 by

Four Rivers August 2013 Market Update

There are currently 6 homes for sale in Four Rivers in Palm City FL ranging in price from $697,300 to $1,325,000 (Average asking price of $254.22 per square foot of living area) None of these listings are short sales or foreclosures.

 One home is currently pending (under Contract) at a listing price of $620,000 ($253.68 per square foot)

6 homes have sold in the past 12 months in Four Rivers, with the sales prices ranging from $650,000 and $810,000 (The average sales price was $730,166 at $194.71 per square foot) None of these sales were short sales or foreclosures.

Four Rivers in Palm City, FloridaFour Rivers August 2013 Market Update is a unique enclave of spacious homes on the banks of the South Fork of the Saint Lucie River.  Ideal for the serious boaters, all of Four Rivers’ home sites are on deep water canals suitable for larger vessels and with no fixed bridges (under 60’) to the Saint Lucie inlet to gain access to the crystal clear waters of the Atlantic Ocean.

Four Rivers in Palm City, Florida

Consisting of 98 home sites, with a minimum ½ acre of land (though most have ¾ acre or more), Four Rivers is a perfect family friendly neighborhood. Very conveniently located close to ‘A’ rated schools, shopping, restaurants and only a few minutes from either downtown Stuart or Florida’s Turnpike for those wishing to commute to our more crowded neighboring counties.

Four Rivers in Palm City, Florida

Low HOA fees insure the canals will be maintained to a depth of 6’ at mean low tide to make sure no boats have difficulties navigating to open water.  Four Rivers is a wonderful place to call home.

Four Rivers in Palm City, Florida

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Four Rivers August 2013 Market Update

 

June 2013 Monthly Market Detail St Lucie County Townhouses and Condos

07.31.13 by

June 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The June 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed a little weakness.   Year to year closed sales were off by17% after last months rise of 12.5% while new sales under contract (new pending sales) increased by 9.4% (was 43.4% in May

Prices, however, rose year to year  with the median sales price up by 11.8% and the average sales price up by 4.6%.

The inventory of available townhouses and condos have decreased to 775 units which is a decrease of 30.8% from last June.  Current supply of inventory is now 7.6 months (a 41.8% decrease from last year).   While these results are not quite as strong as in the single family market, they still show strong gains from previous years.  It is just a matter of time before prices start rising a bit more dramatically.  This current environment is an excellent opportunity for buyers looking into the Saint Lucie County real estate market for townhouses and condos.

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

 

June 2013 Market Detail for Saint Lucie County Townhouses and Condos

 

Click here to view or download the full report:
June 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.

June 2013 Monthly Market Detail St Lucie County Townhouses and Condos