Palm Cove Golf and Yacht Club April 7 Open House

04.03.13 by

Palm Cove Golf and Yacht Club April 7 Open House

Come and join us on the Realtor Association of Martin County open house at this Palm Cove Golf and Yacht Club custom pool home in this prestigious Palm City, Florida Golf and Yachting community.  The open house will be on Sunday, April 7 from 1 to 4 PM.  Stop by as we are also featuring 2 other Palm Cove estate homes on this day as well.

This Palm Cove Golf and Yacht Club Custom Home at 209 SW Hatteras Court is listed for $575,000

Palm Cove Golf and Yacht Club Custom Home

Spacious Home in Palm Cove with over 3600 sq. ft. of living area.

 Palm Cove Golf and Yacht Club Custom Home

Live the good life in Palm Cove. Community marina, non-equity golf & river front clubhouse. Outstanding custom home built by McNamara, updated by current owner. Innovative design & attention to detail will captivate you. Large entry hall, formal dining room, wood paneled office/4th bdrm, bath. Open living room w/ wet bar, fireplace, hardwood floors, tray ceiling, recessed lights. French doors to screened pool. covered lanai. Gourmet kitchen w/ stainless appliances, marble counters, pantry, center island. Two guest suites with baths.Over sized master includes large sitting area, tray ceiling, two walk in closets. Elegant marble master bath, double vanities. New roof, gutters, AC. Come and see this very special Palm Cove Golf and Yacht Club home.

Palm Cove Golf and Yacht Club Custom Home

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Palm Cove Golf and Yacht Club April 7 Open House

 

March 2013 Market Report for Lost River Plantation Homes in Stuart, FL

03.28.13 by

March 2013 Market Report for Lost River Plantation Homes in Stuart, FL

As of March 2013, there are 3 available homes for sale in the Lost River Plantation community of Stuart, FL.  Prices range from $599,000 to $654,564 for an average price per sq. ft. of $213.78.

There are four homes under contract ranging in price from $550,508 to $659,900 for an average of $216.48 per sq. ft. of living area.  All four are conventional sales and two of these are new homes built by Kolter homes.

In the past 12 months, there have been six sales ranging in sales prices from $405,000 to $600,000 for an average sales price of $184.65 per sq. ft. of living area.

 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!

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March 2013 Market Report for Lost River Plantation Homes in Stuart, FL

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

03.27.13 by

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

 

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

 

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

 

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

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

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  4 Condos sold in February (Unchanged from January)

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

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

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



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

 

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

03.26.13 by

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

 

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

 

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

There are currently 244 active listings. ( A decrease of 18 homes from January)

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109 Residential sales are pending and awaiting close or lender approval (An increase of 13 homes from January)

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28 Homes Sold in February (Unchanged from last month)

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After a slower start in January for the Hobe Sound residential real estate market (zip code 33455) of Martin County, February market activity picked up a bit.  Closed sales remained steady and pending sales increased.  For the second month, inventory continues to decline in Hobe Sound.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 8.7 months.  Still a slight buyer’s market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for February 2012 were:  342 active listings, 102 pending sales and 31 closed sales.   Considering the reduced inventory as compared to 2012, the Hobe Sound real estate market remains very strong and active.

 

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

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, February 2013

03.25.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, February 2013

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for February 2013

 

For February 2013 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 60 active listings. ( A decrease of 6 condos from January)

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

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9 Condos Sold (Increased by 4 condos from January)

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The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  The small inventory gained for the past three months but decreased in February.   Closed and pending sales both showed improvements for February.   It appears that we are on track to have an active condo market in the Jensen Beach area of Martin County.

The one month absorption rate for the February 2013, Jensen Beach Florida Market Report ZIP Code 34957 is 6.7 months.   Typically, a 6 month absorption rate is considered balanced, favoring neither the buyer or seller.

The February 2012 numbers were: 68 active listings, 21 pending sales and 2 condos closed.  Similar to last year’s activity,  but with some improved sales and pending activity.


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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, February 2013

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, February 2013

03.24.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, February 2013

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for February 2013

 For February 2013in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 103 active listings. (Down by 19 homes from last month)

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87 Residential sales are pending and awaiting close or lender approval. (Up 21 homes from January)

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17 Homes Sold (Up by 3 homes from January)

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The Jensen Beach residential real estate market, zip code 34957 for February rebounded from a slower January with increased sales and pending sales.   The current inventory is now down to very low levels and unless we have more available homes, I expect numbers to decline once the sizable number of pending sales close.  For the immediate future, there should be excellent sales activity as the pending sales close.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 6.1 months, a balanced market.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The February 2012 numbers were: 155 active listings, 91 pending sales and 16 home sales closed.  Considering a 50% reduction in inventory, and better pending and closed numbers, the Jensen Beach real estate market is doing very well.

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, February 2013

Palm City Florida Market Report ZIP Code 34990 – Condo, February 2013

03.23.13 by

Palm City Florida Market Report ZIP Code 34990 – Condo, February 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for February 2013

 

For February 2013 in the 34990 Zip Code area of Palm City, Florida :



There are currently 69 active condo listings. (No change from January)

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

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4 Condos Sold in February. (Up by 1 condo from January)

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The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.  For February, the Palm City condo market activity had no change in inventory and one less pending sale and one greater closed sale.
 
The current absorption rate for condos in the 34990 zip code area is 17.3 months.  A very strong buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.
 
The February 2012 numbers were: 71 active listings, 1 pending sales and 5 closed sales.   Close comparison to last year, with the exception of the increased pending activity this year.

 

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Palm City Florida Market Report ZIP Code 34990 – Condo, February 2013

Palm City Florida Market Report ZIP Code 34990 – Residential, February 2013

03.21.13 by

Palm City Florida Market Report ZIP Code 34990 – Residential, February 2013

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for February 2013

 

For February 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 408 active listings (A decrease of 3 homes from January)

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201 Residential sales are pending and awaiting close or lender approval. (An increase of 25 homes from last month)

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34 Homes Sold in February (Decreased by 5 homes from January)

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For the Palm City, zip code 34990, area of Martin County Florida the residential market activity shows promise for a strong spring.  Sales were off for the second month (slightly) representing the reduced traffic during the holidays.  Pending sales are up again and show good activity potential for the next few months.  The inventory went down just by a small amount, though still significantly lower than in the past few years.

The current absorption rate stands at 12.1 months.  This rate still signifies a buyer’s market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The February 2012 numbers were:  482 active listings, 176 pending sales and 49 closed sales.  Compared to last year, we have some better pending activity, yet fewer closed sales.

 

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Palm City Florida Market Report ZIP Code 34990 – Residential, February 2013

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

03.18.13 by

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

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

 

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

 

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

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

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

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

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

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

 

 

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

 

 

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

03.17.13 by

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

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

 

There are currently 332 active listings (A decrease of 29 homes from January).

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243 Residential sales are pending and awaiting close or lender approval (An increase of 53 homes from January).

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47 Homes Sold in February (Down 7 homes from January)

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For February 2013, the Stuart Florida Market Report ZIP Code 34997 the closed sales were off marginally, but an impressive number of pending sales which should result in a stronger sold homes report in the next few months.  With the big increase in pending sales, the active inventory of available homes decreased significantly this month.
 
The current one month absorption rate climbed to 7.7 months which indicates a buyers market for the 34997 Stuart zip code real estate market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.
 
The 2012 numbers were: 471 active listings, 242 pending listings and 60 closed sales.  Even with over 100 fewer available homes on the market this year, pending sales remained as strong as last year.
 
 

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

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

03.15.13 by

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

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

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

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

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

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

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

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

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

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

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

03.14.13 by

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

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

 

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

There are currently 179 active listings (Decreased by 1 home from January).

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47 Residential sales are pending and awaiting close or lender approval (Increased by 24 from January).

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5 Homes Sold in February (Down 4 homes from January).

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In the 34996 zip code area of Stuart Florida real estate market activity for February 2013 the most glaring change is more than a 50% jump in pending sales.  Sales were off for the month, reflecting the reduced activity from the holiday season.  Inventory remained unchanged and is now getting quite low if all the pending sales close in the next few months.

The one month absorption rate for the 34996 zip code area of Stuart Florida for February jumped to 36 months, which represents a strong 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 February of 2012 were: 183 active listings, 35 pending sales and 8 closed sales.  Very similar numbers from last year to this year.

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

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

03.13.13 by

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

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

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

 

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

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

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

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

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

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

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

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

03.11.13 by

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

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

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

 

There are currently 76 active listings (Up 12 from January).

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23 Residential sales are pending and awaiting close or lender approval (Down 8 from January).

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10 Homes Sold in January (Up 5 homes from January)

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The 34994 ZIP code area of the Stuart, Florida real estate market had a nice jump in sales in February, but also a disappointing drop in pending sales.  Inventory rose by 12 homes, but is still quite low which is impacting the sales for this segment of the Stuart, FL real estate market.

The one month absorption rate for the 34994 zip code for February dropped to 7.6 months. which signifies a slight buyers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The February 2012 numbers were 78 Active Listings, 43 pending sales and 7 closed sales.  Our pending sales for this year are almost half of last year’s, while other indicators are fairly close.  Not a good indication for the spring for the 3994 zip code area of Stuart.

 

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

Sewalls Point Residential Market Report February 2013

03.10.13 by

Sewalls Point Residential Market Report February 2013

Sewalls Point Real Estate Snapshot, Residential Sales for February 2013

 

There are currently 55 active listings (an increase of 6 home for sale from January)

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17 Residential sales are pending and awaiting close or lender approval (an increase of 10 homes from January)

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2 Homes sold in January (Unchanged from January)

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February was the second month in a row of slow sales in the Sewalls Point real estate market in Stuart, FL.  But it appears that this may be the end of this trend as pending sales more than doubled to 17 homes and the inventory came back to approximately normal levels after some historically low numbers.

The absorption rate now stands at 27.5 months.  This is a strong buyers market again.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to February of 2012, the inventory was 66 homes homes on the market, 9 pending sales and there was only 3 closed sales.  Similar sales from last year, but much better pending sales, portending increased sales for the next few months.

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Sewalls Point Market Report – Residential, February 2013

 

Port Saint Lucie Pool Home Sold

03.08.13 by

Port Saint Lucie Pool Home Sold

Just sold at 98% of list price in Port saint Lucie.

1622 SE Berkshire Blvd., Port Saint Lucie, FL 34952

East Port Saint Lucie Pool Home

Great open spaces in this 4 Bedroom, 3 Bathroom, heated and screened pool home in East Port saint Lucie. Rare over 1/2 Acre lot on canal (non-navigable) with lots of room for gardens, parking or just to enjoy that private feeling with lots of room between you and your neighbors. A large eat in kitchen is the center piece of this home with a bright family room with skylights and a formal living and dining areas. Master suite has walk in closet and dual vanities with separate tub and shower. This 1999 built home is solid CBS construction and has accordion hurricane shutters. Easy access to Jensen Beach and the beaches via the Green River Parkway and close to the Port Saint Lucie Civic Center as well as restaurants, shopping and medical facilities.

East Port Saint Lucie Pool Home

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East Port Saint Lucie Pool Home

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East Port Saint Lucie Pool Home

East Port Saint Lucie Pool Home

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Port Saint Lucie Pool Home Sold

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

02.25.13 by

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

 

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

 

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

 

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

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

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

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

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

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



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

 

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

02.24.13 by

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

 

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

 

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

There are currently 262 active listings. ( A decrease of 31 homes from December)

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96 Residential sales are pending and awaiting close or lender approval (An increase of 12 homes from December)

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28 Homes Sold in January (A decrease of 17 homes from last month)

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After a very strong fall and winter from the Hobe Sound residential real estate market (zip code 33455) of Martin County, January has started off with a bit of a whimper.  Closed sales were off and the inventory was also down.  Pending sales were the only bright spot with an increase of 12 homes under contract.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 9.4 months.  Back to a buyer’s market again.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for January 2012 were:  359 active listings, 78 pending sales and 22 closed sales.   Compared to last year, we have considerably stronger activity in January of 2013 with better numbers, especially considering a much smaller number of available homes (inventory).

 

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

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, January 2013

02.23.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, January 2013

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for January 2013

 

For January 2013 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 66 active listings. ( An increase of 1 condo from December)

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

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5 Condos Sold (No change from December)

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The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  Inventory was up once again (though only by 1 unit) for the third month in a row.   Closed sales remained unchanged, while there was a nice increase in pending sales.  If this continues through the spring, we should have an active condo market in the Jensen Beach area of Martin County.

The one month absorption rate for the January 2013, Jensen Beach Florida Market Report ZIP Code 34957 is 13 months.  A strong buyer’s market.  Typically, a 6 month absorption rate is considered balanced, favoring neither the buyer or seller.

The January 2012 numbers were: 70 active listings, 16 pending sales and 7 condos closed.  Last year’s activity is very similar to January 2013, with the exception of a considerably higher number of pending sales.


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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, January 2013

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, January 2013

02.22.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, January 2013

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for January 2013

 For January 2013in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 122 active listings. (Up 9 homes from last month)

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66 Residential sales are pending and awaiting close or lender approval. (Up 14 homes from December)

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14 Homes Sold (Down 12 homes from December)

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The Jensen Beach residential real estate market, zip code 34957 for January showed a marked decrease in closed sales.  This is not unusual after strong closed sales for the end of the previous year.  With the new year, there’s another month of some increased inventory along with a sizable increase in pending sales.  This should result in an active spring market for the 34957 zip code area of Martin County.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 8 months. This is a market that favors buyers over sellers.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The January 2012 numbers were: 293 active listings, 96 pending sales and 23 home sales closed. Our current inventory is down to almost half of what it was last year.  Because of that, our market activity is also lower this year.

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, January 2013