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 – 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 – 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 City Florida Market Report ZIP Code 34990 – Condo, August 2012

09.23.12 by

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

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

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



There are currently 63 active condo listings. (An increase of 1 condo from July)

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

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4 Condos Sold in August. (Up 3 from July)

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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 August, closed sales were up 3 units from the one sale of July.  Both pending sales and the inventory only changed by 1 unit for August.
The one month absorption rate for the Palm City Florida condo market is 15.5 months.  Still a significant buyers market.
The August 2011 numbers were: 52 active listings, 5 pending sales and 4 closed sales.   Very similar to this year.  The one statistic to note, unlike most other segments of the Martin County real estate market, the inventory for Palm City condos is up from last year.

 

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

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

09.22.12 by

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

 

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

 

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


There are currently 400 active listings (A decrease of 16 homes from July)

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161 Residential sales are pending and awaiting close or lender approval. (A decrease of 8 homes from last month)

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68 Homes Sold in August (Increased 5 homes from July)

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For the Palm City, zip code 34990, area of Martin County Florida activity remained strong for August after a super spring.  Closed sales were up again.  Pending sales were off for the first time in a number of months, possibly reflecting the typical seasonal slow down for Palm City Florida during the summer months.  The inventory of available homes for sale also declined again, now at levels approaching those during the height of the real estate boom in the mid 2000’s.  The market activity remains active, much more so than in the past few years.

The current absorption rate is 5.8 months, which is considered to be a balanced market, but sliding towards a sellers market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The August 2011 numbers were:  466 active listings, 139 pending sales and 42 closed sales.  Considerably improved market activity for August 2012, especially when the lower inventory is factored into the results.

 

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

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

09.20.12 by

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

 

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

 

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

There are currently 50 active listings. ( A decrease of 4 condos from July)

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27 Condo sales are pending and awaiting close or lender approval. (Up 4 condos from July)

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4 Condo Sold (Down 1 from July)

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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 50 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 August 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 August 2012, Jensen Beach Florida Market Report ZIP Code 34957 stands at a very unimpressive 12.5 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 August 2011 numbers were: 51 active listings, 15 pending sales and 5 condos closed.  Other than the significantly larger number of pending sales, the inventory and closed sales are virtually identical.


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

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

09.19.12 by

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

 

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

 

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

 

There are currently 128 active listings. (Up 15 homes from last month)

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83 Residential sales are pending and awaiting close or lender approval. (Down 11 homes from July)

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26 Homes Sold (Up 4 homes from July)

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Another positive month for the Jensen Beach residential real estate market, zip code 34957.   The inventory increased for August, which is now a positive sign as it was getting very low.  With a little more inventory, buyers will have a better selection of homes to choose from.  Closed sales were up, while pending sales decreased.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 is 4.9 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 August 2011 numbers were: 153 active listings, 75 pending sales and 18 home sales closed.  Even with significantly less inventory, much better sales figures for August 2012.
 

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

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

09.15.12 by

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

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

 

There are currently 332 active listings (an increase of 2 homes from July).

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195 Residential sales are pending and awaiting close or lender approval (A decrease of 27 homes from July).

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82 Homes Sold in July (Up 32 homes from July)

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Very strong results from the 34997 zip code area of Stuart Florida. This segment of the Martin County real estate market continues to outperform other areas of Martin County.  Closed sales were up significantly for August.   Pending sales were off, most likely because of the high number of closed sales.  The inventory was up by 2 homes in the 34997 zip code of Stuart, Florida.
 
The current one month absorption rate is just over 4 months, which normally signifies a sellers market.   Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.
 
The 2011 numbers were: 484 active listings, 181 pending listings and 56 closed sales.
 
 

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

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

09.13.12 by

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

 

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

 

 

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

There are currently 166 active listings (Unchanged from July).

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34 Residential sales are pending and awaiting close or lender approval (Up 6 from July).

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6 Homes Sold in August (Down 5 from July).

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The 34996 zip code area of Stuart Florida showed a decrease in sales for August.  Pending sales were up as compared to last month while inventory remained unchanged.  We continued to have some excellent sales in the higher price brackets this month, continuing a trend from July.   The one month absorption rate for the 34996 zip code area of Stuart Florida for August is 33 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 August of 2011 were: 160 active listings, 28 pending sales and 9 closed sales.  Unusually better numbers last year than for 2012, compared to other segments of the martin County real estate market.

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

Palm Cove Golf and Yacht Club Pool Home Sold

09.01.12 by

Palm Cove Golf and Yacht Club Pool Home Sold

All Palm Cove Golf and Yacht Club residents are encouraged to welcome the new owners of 93 SW Palm Court Drive.   This Palm Cove Golf and Yacht Club Pool Home Sold on August 24 for $635,000 by the Gabe Sanders real estate team!

For those with an interest in larger Palm Cove Golf and Yacht Club homes, please give us a call as a superb new offering will be coming on the market next month.

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Located on one of Palm Cove’s premier lots, this beautiful McNamara custom built home shows attention to quality and detail throughout. Expansive lake, preserve and golf course views, adjoining Custom crafted wood doors open to elegant living room with coffered ceiling, crown molding. French doors to the covered lanai and gas heated pool. Formal dining room. The well designed gourmet kitchen has it all – top line appliances, coffee colored cabinets, granite counters, amazing venetian plaster walls, bar area with ice maker. Over sized pantry Private master suite with two walk-in closets, sitting area. Luxurious master bath. Two guest suites. Handsome office with built ins. Computer/craft room. Community offers golf, protected marina, clubhouse.

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Palm Cove Golf and Yacht Club Pool Home Sold

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

08.26.12 by

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

 

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

 

For July 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the June Market Snapshot data was unavailable)

 

There are currently 54 active listings. ( A decrease of 4 condos from June)

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23 Condo sales are pending and awaiting close or lender approval. (Up 2 condos from June)

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5 Condo Sold (Down 1 from June)

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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 54 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 July 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 July 2012, Jensen Beach Florida Market Report ZIP Code 34957 stands at 9.7 months.  Still a buyers market, but down significantly from past months.


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

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

08.25.12 by

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

 

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

 

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

 

There are currently 113 active listings. (Down 8 homes from last month)

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94 Residential sales are pending and awaiting close or lender approval. (Up 6 homes from June)

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22 Homes Sold (Down 3 homes from June)

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Another positive month for the Jensen Beach residential real estate market, zip code 34957.   Inventory declined again for July and is now at quite low numbers of available homes for sale.  Closed sales declined fractionally, while pending sales increased.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 is 5.1 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.
 

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

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

08.24.12 by

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

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

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



There are currently 62 active condo listings. (A decrease of 4 condos from June)

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

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1 Condos Sold in July. (Down 2 from June)

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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.  For July, closed sales were only 1, and this particular condo sold at an extremely discounted price.  It is located in Pipers landing, so there were a number of other fees entailed in the purchase of this unit.  However pending sales increased to 7 condos and the inventory once again declined.

 

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

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

08.21.12 by

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

 

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

 

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


There are currently 416 active listings (A decrease of 25 homes from June)

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169 Residential sales are pending and awaiting close or lender approval. (A decrease of 20 homes from last month)

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63 Homes Sold in July (Decreased 7 homes from June)

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For the Palm City, zip code 34990, area of Martin County Florida activity remained strong for July after a super spring.  Both closed and pending sales declined slightly for this month.  The inventory of available homes for sale also declined again, now at levels approaching those during the height of the real estate boom in the mid 2000’s.  Still good numbers and market activity remains active, more so than the past few years.

The current absorption rate is 6.6 months, which is considered to be a balanced market that doesn’t favor either sellers or buyers.

 

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

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

08.19.12 by

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

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

 

There are currently 330 active listings (A decrease of 26 homes from June).

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222 Residential sales are pending and awaiting close or lender approval (An increase of 18 homes from June).

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50 Homes Sold in June (Down 28 homes from June)

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More strong results from the 34997 zip code area of Stuart Florida. This segment of the Martin County real estate market continues to outperform other areas of Martin County.  While closed sales were off for July, their remains a very strong number of pending sales, of which many are short sales and should eventually close in the not so distant future.  The inventory continues to decline in the 34997 zip code of Stuart, Florida and is getting close to levels not seen since the height of the boom market in the mid 2000’s.
 
 
The current one month absorption rate is 6.6 months.  This is considered to be a balanced market, favoring neither the seller or buyer.
 
 

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

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

08.16.12 by

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

 

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

 

 

For July, 2011 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 166 active listings (An increase of 7 homes from June).

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28 Residential sales are pending and awaiting close or lender approval (Down 4 from June).

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11 Homes Sold in July (Up 3 from June).

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The 34996 zip code area of Stuart Florida showed a modest increase in sales for July as compared to last month while inventory saw a small increase.  Pending sales were off slightly.   We continued to have some excellent sales in the higher price brackets this month, continuing a trend from June.

The one month absorption rate for the 34996 zip code area of Stuart Florida is now 15 months, which still has plenty of room for improvement.  Abalanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

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

Martins Crossing Pool Home on Lake Sold

08.08.12 by

Martins Crossing Pool Home on Lake Sold

968 SE Fleming Way
Martins Crossing, Stuart, FL

Welcome the happy new owners to this Martins Crossing Pool Home on Lake Sold. 

Martins Crossing Pool Home in Stuart Florida

 

Like new Martins Crossing 3 Bedroom, 2 bath home with two car garage and a screened heated pool with waterfall. Wonderfully located on a private lot with serene lake and preserve views. This home features an updated kitchen with granite counter-tops and a large Island with a cook top and stone floors in the living areas. Flexible open plan with a family room, dining room and living area. The large master suite features crown molding, private pool entrance, and a huge walk in closet. The master bathroom has dual sinks, a Jacuzzi tub and separate shower. All this with low HOA fees that include lawn care as well as a community pool, tennis courts, tot lot and clubhouse. Conveniently located just minutes from shopping, schools and I-95 for commuters.

Martins Crossing Pool Home in Stuart Florida
Martins Crossing Pool Home in Stuart Florida

 


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Martins Crossing Pool Home on Lake Sold


Palm Cove Golf and Yacht Club Pool Home

08.06.12 by

Palm Cove Golf and Yacht Club Pool Home is Under Contract

This Spacious and Private custom Palm Cove Golf and Yacht Club Pool Home is Under Contract.  Thanks to all who viewed it.  No more showings at this time.

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Located on one of Palm Cove’s premier lots, this beautiful McNamara custom built home shows attention to quality and detail throughout. Expansive lake, preserve and golf course views, adjoining Custom crafted wood doors open to elegant living room with coffered ceiling, crown molding. French doors to the covered lanai and gas heated pool. Formal dining room. The well designed gourmet kitchen has it all – top line appliances, coffee colored cabinets, granite counters, amazing venetian plaster walls, bar area with ice maker. Oversized pantry Private master suite with two walk-in closets, sitting area. Luxurious master bath. Two guest suites. Handsome office with built ins. Computer/craft room. Community offers golf, protected marina, clubhouse.

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Palm Cove Golf and Yacht Club Pool Home is Under Contract

Westwood Country Estates in Palm City Florida

08.03.12 by

Westwood Country Estates in Palm City Florida

Westwood Country Estates is a wide open, gorgeous community that features statuesque homes that are beautifully placed on over sized lots of 1/2 acre or more, that will give you and your family plenty of room to grow!  Wonderfully landscaped throughout, Westwood Country Estates will make you feel proud to come home to.  Every home is unique and there is sure to be one you will fall in love with!

There are only 77 homes in Westwood Country Estates in Palm City Florida.  Home owner association fees are a very reasonable $250 per year.  As of August 3, 2012, only one home is available for sale in Westwood Country Estates.  In the past year, two homes have sold for an average price of  $297,500 at $117 per square foot.

Palm City is a great place to raise a family with its “A” rated schools and proximity to I-95 and Florida’s Turnpike which opens you to all the opportunities of both Martin County and it’s neighbors, just a short drive North or South!  Martin County has lots of recreational areas and opportunities to enjoy many opportunities outdoors with your family!

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Westwood Country Estates in Palm City Florida