Sewalls Point Residential Market Report October 2012

11.07.12 by

Sewalls Point Residential Market Report October 2012

Sewalls Point Real Estate Snapshot, Residential Sales for October 2012

There are currently 47 active listings (a decrease of 3 home for sale from September)

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17 Residential sales are pending and awaiting close or lender approval (a decrease of 3 homes from September)

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7 Homes sold in September (Up 4 from September)

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Strong activity for the Sewalls Point market report for October 2012.  A very good month for sales with 7 closings.  Pending sales were off slightly (by 3 homes) while the inventory is now down to 47 homes.  This is quite low for Sewalls Point.

The absorption rate now stands at 6.7 months.  This is an indication of a balanced market favoring neither seller or buyer.

Comparing the results to October of 2011, the inventory was at 43 homes homes on the market last year, pending sales numbered only 14 homes, and there was only 1 sale.

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Sewalls Point Market Report – Residential, October 2012

 

The Archipelago of Sewalls Point

11.04.12 by

The Archipelago of Sewalls Point

Currently (November 2012) in the Archipelago there are two  homes on the market.
One home is under contract and awaiting resolution of contingencies.
In the past 12 months, 1 home sold for $599,000 ($250. per sq. ft. of living area)

Located in the prestigious town of Sewalls Point, Florida the Archipelago is a non gated neighborhood of all waterfront homes with access to the crystal clear waters of the Atlantic Ocean through the Saint Lucie Inlet in Martin County, Florida.  All the homes in the Archipelago are on either the wide waters of the Indian River or located on deep water canals.  The Saint Lucie Inlet to the Atlantic is less than two miles away by water.  Access is maintained by dredging all Archipelago waterways to 6’.  Homes range from modest older frame homes, to spectacular estate lots with magnificent views.

The link below will take you to all currently available Archipelago homes in Sewalls Point, Florida

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The Archipelago of Sewalls Point

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

10.29.12 by

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

 

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

 

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

 

There are currently 28 active condo listings. (Up 2 from August)

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7 Condo sales are pending and awaiting close or lender approval. (Unchanged from August)

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  2 Condos sold in September (Unchanged from August)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  September showed very little change from last month.  Only an increase of 2 condos in inventory with both pending and closed sales remaining unchanged from August.

The one month absorption rate is 14 months, signifying that it’s still a buyers market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.  But, with such low numbers, these indicators can easily be misleading.

The September 2011 numbers were:  38 active listings, 6 pending sales and 0 closed sales.  Other than a significantly lower inventory, very similar results.



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

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, September 2012

10.28.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, September 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for September 2012

 

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

There are currently 316 active listings. ( An increase of 18 homes from August)

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69 Residential sales are pending and awaiting close or lender approval (An increase of 14 homes from August)

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15 Homes Sold in September (A decrease of 22 homes from last month)

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The Hobe Sound Florida residential real estate market activity has seen some inventory gains in the past two months.  This is the only segment of the Martin County real estate market showing an inventory increase of this magnitude.  Pending sales were also up for September while closed sales were off quite a bit.  This is most likely due to the slow summer seasonal influence more than any significant market changes.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 stands at 21 months. For September 2012 this is still a strong buyers market for Hobe Sound.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for September 2011 were:  348 active listings, 48 pending sales and 21 closed sales.   Marginally better numbers this year than last.

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, September 2012

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

10.26.12 by

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

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for September 2012

For September 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 48 active listings. ( A decrease of 2 condos from August)

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

3 Condo Sold (Down 1 from August)

The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market. The current inventory is now very low at only 48 condos available for sale. This might be an excellent time for those who have a need to sell their Jensen Beach condo in zip code 34957.  Pending sales were up marginally and closed sales fell for September by 1 unit. Considering that this is the summer season where the condo market activity is normally slow, this segment continues with good activity.

The one month absorption rate for the September 2012, Jensen Beach Florida Market Report ZIP Code 34957 stands at a very unimpressive 16 months.  Still a strong buyers market, but there just isn’t very much quality inventory.  I’m expecting this to change when some of the pending sales close.

The September 2011 numbers were: 55 active listings, 10 pending sales and 8 condos closed.  Very similar to this years numbers, but better closed activity last year.

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

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, September 2012

10.25.12 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, September 2012

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for September 2012

For September 2012 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 128 active listings. (Unchanged from last month)

78 Residential sales are pending and awaiting close or lender approval. (Down 5 homes from August)

25 Homes Sold (Down 1 home from August)

After a very strong spring and early summer for the Jensen Beach residential real estate market, zip code 34957, September was fairly flat.   The inventory was unchanged for September.  Both closed and pending sales decreased slightly.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 is just over 5 months.  This signifies a sellers market, in which the seller has an advantage over the buyer due to low inventory and increased demand.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The September 2011 numbers were: 150 active listings, 80 pending sales and 19 home sales closed.  Even with significantly less inventory, much better sales figures for September 2012.

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, September 2012

Palm Cove Golf and Yacht Club Price Reduction

10.23.12 by

Palm Cove Golf and Yacht Club Price Reduction

210 SW Hatteras Court has been reduced to $634,000

When only the best will do. Beautiful home in Palm Cove has it all.

Expansive 3400 sq ft floor plan. 3 bedrooms, 3 full baths. Private office. Gorgeous marble floors. Upgraded cabinets, granite counter tops, stainless appliances in the gourmet kitchen. Butlers pantry w/wine refrigerator. Large family room with expansive windows and golf course view. Luxurious master suite with sitting area, two over sized walk-in closets, plantation shutters. Master bath has dual sinks, granite counts, tub, shower, linen closet. Entertaining is a breeze on the expansive lanai area with summer kitchen, expanded heated pool. Screened porch to catch the river breeze. Three car garage. Community marina, (slips available), riverfront clubhouse, non-equity golf course

The Palm Cove Golf and Yacht Club in Palm City Florida includes 206 residences, ranging from spacious condos with garages to townhomes, fairway homes to multimillion dollar waterfront homes on the shores of the north fork of the wide Saint Lucie River.

This magnificent community boasts a championship Chi Chi Rodrigues designed golf course. Memberships are available to both residents and non-residents and membership is not mandatory.  In addition to golf, boaters enjoy a 93 slip deep water marina with docks available for over 50’ vessels.

There’s a magnificent club house located riverside by the marina.  Residents enjoy 24 hour security from the manned gated entrance.  The Palm Cove Golf and yacht Club is separated into two main sections.  Fairway homes are on the south side of Mapp Road with the entrance across the main entrance to palm Cove and is controlled by remote from the main security gate.

In the main section, are the estate homes, town-homes at Island creek as well as the condos at ‘the Links’.   Homes range from 1500 sq. ft. town-homes with 2 bedrooms, 2 bathrooms and 2 car garages all the way up to 6,000 sq. ft. plus waterfront residences with 5 bedrooms, office, 6 and ½ bathrooms and 3 car garages.  Home owner (HOA) fees vary from section to section.  The estate homes run approximately $450 per month, while in the fairways section they are around $550 per month, but include landscaping.  For a complete list of fees, please give us a call.

Palm Cove families enjoy a quiet secluded lifestyle yet are close to shopping, restaurants and the beaches of Martin County.  Children attend an ‘A’ rated Martin County school system to the following schools:  Bessey Creek elementary, Hidden Oaks middle and Martin County High.

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Palm Cove Golf and Yacht Club Price Reduction

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

10.21.12 by

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

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

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

There are currently 62 active condo listings. (A decrease of 1 condo from August)

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

4 Condos Sold in September. (Unchanged from August)

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 September, the market was basically unchanged from August with only 1 condo less in the active inventory.

The one month absorption rate for the Palm City Florida condo market is 15.5 months.  Still a significant buyers market.
The September 2011 numbers were: 61 active listings, 4 pending sales and 1 closed sales.   Slightly better market activity this September, compared to last, but still plenty of room for improvement.

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

Palm City Florida Market Report ZIP Code 34990 – Residential, September 2012

10.20.12 by

Palm City Florida Market Report ZIP Code 34990 – Residential, September 2012

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for September 2012

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

There are currently 402 active listings (An increase of 2 homes from August)

170 Residential sales are pending and awaiting close or lender approval. (An increase of 9 homes from last month)

33 Homes Sold in September (Decreased by 35 homes from August)

For the Palm City, zip code 34990, area of Martin County Florida activity slowed in September after a super spring.  Closed sales were off by a significant amount (50%).  However, pending sales were up showing some good potential for the fall.  The inventory of available homes for sale increased marginally, but still remain at levels lower than they’ve been in quite a few years.  The market activity remains active, much more so than in the past few years.

The current absorption rate shot up to just over 12 months, which is considered to be a buyers market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.  Much of these numbers are a reflection of the slower activity which is typical for our area in the summer months.

The September 2011 numbers were:  482 active listings, 124 pending sales and 49 closed sales.  Considerably improved market activity for September 2012, especially when the lower inventory is factored into the results.

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Palm City Florida Market Report ZIP Code 34990 – Residential, September 2012

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

10.19.12 by

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

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

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

There are currently 101 active condo listings (An increase of 3 condos form August).

19 Condo sales are pending and awaiting close or lender approval (Down 5 condos from August).

9 Condos Sold in September (A decrease of 6 condos from August).

Reflecting the off season for condos, the Stuart condo market for the area in ZIP code 34997 had a pretty lackluster month for September.  A small increase in inventory and decreases in both pending and closed sales.

The one month absorption rate is at 11.2 months, slipping back into a buyers market.

The September 2011 numbers were: 112 active listings, 16 pending sales and 4 closed sales.  While it was a slow month, still better numbers than from September of 2011.

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

Stuart Florida Market Report ZIP Code 34997 – Residential, September 2012

10.17.12 by

Stuart Florida Market Report ZIP Code 34997 – Residential, September 2012

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for September 2012

There are currently 365 active listings (an increase of 33 homes from August).

178 Residential sales are pending and awaiting close or lender approval (A decrease of 17 homes from August).

50 Homes Sold in August (Down 32 homes from August)

After a really good August for the 34997 zip code area of Stuart Florida, numbers were off for September.  A significant jump in inventory, possibly signalling more homes coming on the market for the season as some recent good market news may have some sellers that have delayed their sales decision coming back on the market.  Unfortunately, both pending and closed sales were off.  Possibly this is more a reflection of the off season as opposed to a waning demand.

The current one month absorption rate is just over 7 months, which indicates that we’ve slipped into a buyers market (compared to last month’s 4 month absorption rate)..   Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.
The 2011 numbers were: 503 active listings, 181 pending listings and 60 closed sales.

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Stuart Florida Market Report ZIP Code 34997 – Residential, September 2012

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

10.16.12 by

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

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

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

There are currently 198 active condo listings (Up 8 from last month).

28 Condo sales are pending and awaiting close or lender approval (an increase of 9 condos from August).

8 Condos Sold in September (Down 4 from August)

The Stuart Florida Market Report ZIP Code 34996 for Condos showed its first increase in inventory in some time.  Future sales (pending listings) took a nice jump up to 28 condos while sales were off to only 8 sold condos.  Not an unexpected number considering we are in the off season for condo sales.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is just under 24 months.  Not a very good number for sellers, but a great opportunity for buyers.  I expect this absorption rate to decrease in the coming months if the strong pending numbers hold up.

The numbers for September 2011 were: 188 active listings, 27 pending sales and 18 closed sales.  Very similar numbers to the current market.

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

Stuart Florida Market Report ZIP Code 34996 – Residential, September 2012

10.15.12 by

Stuart Florida Market Report ZIP Code 34996 – Residential, September 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for September 2012

For September 2012 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 154 active listings (Decreased 12 homes from August).

34 Residential sales are pending and awaiting close or lender approval (Unchanged from August).

7 Homes Sold in September (Up 1 from August).

The 34996 zip code area of Stuart Florida showed a slight increase in sales for September.  Pending sales were unchanged from last month while inventory remained decreased again.  Good results when considering that this is our off season.  The one month absorption rate for the 34996 zip code area of Stuart Florida for September is 22 months, which still has plenty of room for improvement.  A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for September of 2011 were: 177 active listings, 23 pending sales and 12 closed sales.  With the exception of the closed sales, our peding numbers are much better than last year with a considerably lower inventory.

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Stuart Florida Market Report ZIP Code 34996 – Residential, September 2012

Palm Cove Golf and Yacht Club Open House

10.15.12 by

Palm Cove Golf and Yacht Club 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 Tuesday October 16 from 9:30 a.m. to 12 Noon.

This Palm Cove Golf and Yacht Club Custom Home at 209 SW Hatteras Court is listed for $535,000

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

 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. The oversized 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.

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Stuart Florida Market Report ZIP Code 34994 – Residential, September 2012

10.12.12 by

Stuart Florida Market Report ZIP Code 34994 – Residential, September 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for September 2012

For September 2012 in the 34994 Zip Code area of Stuart, Florida :

There are currently 61 active listings (Up 3 from August).

37 Residential sales are pending and awaiting close or lender approval (Down 1 from August).

12 Homes Sold in September (Down 2 homes from August)

The 34994 ZIP code area of the Stuart, Florida real estate market activity continues to show good strength even though the inventory is now down to very low levels.  Both sales and pending sales declined slightly for September.  However, the inventory rose by a modest 3 homes.

The one month absorption rate for this zip code is just over 5 months, which still signifies a sellers market.  Still an excellent time for those wishing to place their homes on the market for sale.  The September 2011 numbers were 71 Active Listings, 36 pending sales and 7 closed sales.

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Stuart Florida Market Report ZIP Code 34994 – Residential, September 2012

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

10.11.12 by

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

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

For September 2012 in the 34994 Zip Code area of Stuart, Florida :

There are currently 142 active condo listings (Down 1 condo from August).

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

12 Condos Sold in September (Decreased by 1 condo from August).

Continued strong results for the Stuart Condo market for zip code 34994 even during our off season.  Sales were off by 1 unit while pending sales were up an additional 2 condos and the available inventory continues to decrease.  The one month absorption rate is at 11.8 months, which still signifies a buyers market.  And, it appears that the buyers are indeed buying, even during the typically slower condo season.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither a buyers or sellers market.

Last September the numbers were 132 active listings, 45 pending sales, and 18 closed sales.  There is still room for improvement in this segment of the Stuart Florida condo market.

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

Sewalls Point Residential Market Report September 2012

10.10.12 by

Sewalls Point Residential Market Report September 2012

Sewalls Point Real Estate Snapshot, Residential Sales for September 2012

There are currently 50 active listings (a decrease of 7 home for sale from August)

20 Residential sales are pending and awaiting close or lender approval (an increase of 4 homes from August)

3 Homes sold in August (Unchanged from August)

Surprisingly, the Sewalls Point market report for September 2012 showed a small increase in activity during a seasonally slow time by historical standards..  Sales remained steady at three homes but the homes under contract rose to 20 units, which should translate to higher fall sales and the inventory decreased to 50 homes, which is fairly low at this time for Sewalls Point.

Comparing the results to September of 2011, the inventory was at 53 homes homes on the market last year, pending sales numbered only 9 homes, and there were 4 sales from $287,000 to $4,325,000.  This years sales were between $530,000 to $1,670,000.   Better

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Sewalls Point Market Report – Residential, September 2012

Fairwinds Cove Condos in Jensen Beach Florida

10.09.12 by

Fairwinds Cove Condos in Jensen Beach Florida

Fairwinds Cove Condos Market Update for October 2012:
Currently 4 active listings on the market.
There is one short sale pending and awaiting lender approval.
In the past 12 months, 9 condos have sold ranging in sales prices from $120,000 to $180,000 with an average price per square foot of $132.96

Located in beautiful Jensen Beach, Florida on the East side of the Jensen Beach Causeway is Fairwinds Cove.  A waterfront condo complex of 10 four story buildings with only 4 suites per floor.  Many of these condos with wonderful sweeping views of the Indian River (the Intracoastal Waterway that runs through Martin County).

This condo complex built in multiple phases from 1974 to 1983 boasts two swimming pools, tennis courts, shuffleboard, waterside walking paths, a recently refurbished clubhouse with full kitchen, meeting room, fitness room, billiards and more.  Fairwinds Cove also has deeded docks with great access to fishing, water sports and only a few minutes to the crystal clear waters of the Atlantic Ocean.

Fairwinds Cove is a non-age restricted community that allows one small pet.  There is a strong sense of community with many long time seasonal and full time residents.  Located within an easy walk to the beach and just a short drive to charming downtown Jensen Beach  as well as the many amenities offered in Martin County, Florida.

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Four Rivers in Palm City Florida

10.03.12 by

Four Rivers in Palm City Florida

Four Rivers Market Update for October 1, 2012

There are currently 4 homes for sale in Four Rivers ranging in price from $750,000 to $1,892,000 (Average asking price of $260 per square foot of living area)

 One home is currently pending (under Contract) at a listing price of $725,000 ($231 per square foot)

2 homes have sold in the past 12 months in Four Rivers for $728,000 and $1,020,000 sales prices (The average sales prices were $196.00 per square foot)

Four Rivers in Palm City Florida 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.

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.

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.

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Four Rivers in Palm City Florida

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

09.27.12 by

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

 

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

 

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

 

There are currently 26 active condo listings. (Down 2 from July)

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7 Condo sales are pending and awaiting close or lender approval. (Unchanged from July)

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  2 Condos sold in August (A decrease of 1 condos from July)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  August showed very little change from last month.  With only 26 units available it’s fairly slim pickings in the Hobe Sound Florida Market Report ZIP Code 33455 condo market. Small changes in any metric will reflect large changes in market activity and unless some dramatic changes occur, I would expect the Hobe Sound condo market to remain fairly static.

The one month absorption rate is 13 months, signifying that it’s still a buyers market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.  But, with such low numbers, these indicators can easily be misleading.

The August 2011 numbers were:  42 active listings, 6 pending sales and 3 closed sales.  Other than a significantly lower inventory, very similar results.



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