Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Condo Sales for May 2011

06.10.11 by

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Condo Sales for May 2011

For May 2011 in the 34990 Zip Code area of Palm City, Florida :

There are currently 58 active condo listings. (down 4 from April)

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

2 Condos Sold in May. (down 2 from April)

Sales were off by 50% for May for condos in Palm City, Florida – zip code 34990.  Pending sales remain fairly strong as well as another decrease in inventory.  No definite trend emerging but overall, not too bad of a market.

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Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Condo Sales for May 2011

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Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for May 2011

06.09.11 by

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for May 2011

For May 2011 in the 34990 Zip Code area of Palm City Florida :

There are currently 532 active listings (an increase of 8 from April)

129 Residential sales are pending and awaiting close or lender approval. (Down 22 from last month)

61 Homes Sold in May (up 2 for April)

After a fairly robust spring activity, the Palm City, Florida residential market appears to be cooling. While we had a slight increase in sales, the pending sales activity decreased and for the first time in over three months, we’ve seen an increase in inventory. This is showing signs of a weaker summer ahead if this trend continues for Palm City.

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Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for May 2011

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Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for May 2011

06.08.11 by

Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for May 2011

For May 2011 in Sewalls Point, Florida :

There are currently 58 active listings (a reduction of two homes for sale from April)

10 Residential sales are pending and awaiting close or lender approval (An decrease of 2 from April)

4 homes closed in Sewalls Point Florida in May (down 1 from April)

Sales and pendings by numbers decreased a little from last month, but the inventory was also down for the Sewalls Point residential market in Stuart, Florida.  Of particular interest is that two of the four sales were in the $2.5 and $3.5 Million dollar range.

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Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for May 2011

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Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Condo Sales for April 2011

05.28.11 by

Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Condo Sales for April 2011

For April 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 39 active condo listings. (Up 2 from last month)

9 Condo sales are pending and awaiting close or lender approval. (Unchanged from March)

There were 3 sales. (A decrease of two condos from last month)

The Hobe Sound Condo market was off slightly from March.  Very small differences though and inventory levels remain moderately low compared to last year.  Condo activity in Hobe Sound is a very small part of the overall real estate market in zip code 33455.

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Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Condo Sales for April 2011

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Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for April 2011

05.27.11 by

Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for April 2011

For April 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 409 active listings. ( down 35 from March)

89 Residential sales are pending and awaiting close or lender approval (down 14 from last month)

47 Homes Sold in April (up 2 from December)

A good solid performance for the Hobe Sound Florida residential real estate market (zip code 33455) with more declines in the inventory and a slight increase in sold homes.  Pending sales were off from March though but remain at a strong level.

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Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for April 2011

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Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34957, Condo Sales for April 2011

05.24.11 by

Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34957, Condo Sales for April 2011

For April 2011 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 61 active listings. (Down 2 from last month)

20 Condo sales are pending and awaiting close or lender approval. (Down 1 from  March)

6 Condos Sold (Down 1 from last month)

For the Jensen Beach, Florida condo market, slightly off results from the previous month.  The good news is the inventory continues to decline.  Less supply is a good indicator that the market may be approaching the bottom in this area.

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Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34997, Condo Sales for April 2011

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Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34957, Residential Sales for April 2011

05.22.11 by

Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34957, Residential Sales for April 2011

For April 2011 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 181 active listings. (Unchanged from last month)

75 Residential sales are pending and awaiting close or lender approval. (down 5 from March)

25 Homes Sold (up 5 from last month)

Mixed results for the Jensen Beach Florida residential real estate market (zip code 34957) for this month.  Sales were up, but bucking the trend from the rest of Martin County, inventory levels remained unchanged and pending sales were off a small amount from last month.

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Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for April 2011

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Condominium Market Report for April 2011 in Martin County, Florida

05.21.11 by

Condominium Market Report for April 2011 in Martin County, Florida

Corresponding fairly closely to the residential Martin County Market Report, condo sales were off from a year ago as well as from last month.  Possibly due in small measure to the coming end of the season, but not completely as it takes some time for transactions to close, typically from 30 to 60 days.  So, April sales actually represent contracts written in February and March.  Historically, April sales are typically slightly less than March.  Inventory had a small decline and we are back to inventory levels last seen in November of 2005.  Unfortunately, both median and average sales prices are still decreasing.  The one-month absorption rate is back up to 14.8 months for April.

Condominium Market Report for April 2011 in Martin County, Florida

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Residential Homes, Condos and Land

Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

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Residential Market Report for April 2011 in Martin County, Florida

05.20.11 by

Residential Market Report for April 2011 in Martin County, Florida

Mixed results for April in the Martin County Residential Market Report.  Sales were off considerably from last year (which it’s important to keep in mind were greatly inflated by the government’s first-time home buyer’s tax credit).   Unfortunately, sales were also off a bit from a very strong March of this year (down to 161 homes from a March total of 187).  On the positive side, the inventory is continuing to shrink, now down to 1531 units.  The last time it was at this level was back in November of 2005.  Both median and average sales prices were up for April, reflecting the fact that some higher-end homes are now selling.  The single-month absorption rate increased to 9.51 months (not reflected in my 3-month moving average chart).   It’s still too early to tell if we have actually bottomed out in this market and are holding steady or even seeing some price increases.  I expect June numbers to be off a little as we go into our seasonal cycle.

Residential Market Report for April 2010 in Martin County, Florida

the Gabe Sanders real estate team

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

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Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Condo Sales for April 2011

05.19.11 by

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Condo Sales for April 2011

For April 2011 in the 34990 Zip Code area of Palm City, Florida :

There are currently 62 active condo listings. (down 3 from March)

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

4 Condos Sold in April. (down 1 from March)

Mixed results for the Palm City Florida condo market snapshot – zip code 34990. Basically unchanged from last month, with sales off by 1 unit, pending sales slightly up and a welcome continuation of the reduction of inventory.  As the inventory declines, the result is less of a supply of available condos which will result in an increase in demand.

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Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Condo Sales for April 2011

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Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for April 2011

05.18.11 by

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for April 2011

For April 2011 in the 34990 Zip Code area of Palm City Florida :

There are currently 524 active listings (down 31 from March)

151 Residential sales are pending and awaiting close or lender approval. (Up 6 from last month)

59 Homes Sold in April (up 6 for March)

For the second month in a row, strong positive movement in all categories in Palm City, Florida real estate (zip code 34990).  As with other areas in Martin County, inventory continues to decline which will decrease the supply.  At some point, if this trend continues demand for homes will become strong enough to result in some price increases in our area.

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Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for April 2011

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34997, Condo Sales for April 2011

05.17.11 by

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34997, Condo Sales for April 2011

For April 2011 in the 34997 Zip Code area of Stuart, Florida :

There are currently 124 active condo listings (down 11 from last month).

23 Condo sales are pending and awaiting close or lender approval (up 5 from March).

9 Condos Sold in March (down 9 units from last month).

Sales of Condos were off for April in the 34997 area of Stuart Florida.  This is most likely a seasonal fluctuation.  The inventory continues to decline, which is a positive trend.  As supply shrinks, demand should rebound.

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34997, Condo Sales for April 2011

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Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for April 2011

05.16.11 by

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for April 2011

For April 2011 in the 34997 Zip Code area of Stuart, Florida :

There are currently 560 active listings (down 46 from March).

195 Residential sales are pending and awaiting close or lender approval (down 2 from last month).

55 Homes Sold in March (down 22 from March)

For zip code 34997 in Stuart Florida, April sales were off by 22 units but still remained strong.  Pending sales were basically unchanged from a month ago.  Of particular note, the inventory has shrunk by almost 100 homes in the past two months.  Lower inventory will lead to stronger demand.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for April 2011

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for April 2011

05.15.11 by

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for April 2011

For April 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 222 active condo listings (down 20 from last month).

35 Condo sales are pending and awaiting close or lender approval (up 1 from March).

15 Condos Sold in March (down 21 units from last month)

Condo sales in the Stuart 34996 zip code were down a significant amount from March, but pending sales remain strong as well as a continuing decline in inventory.  Typically, as we approach the off-season, we can expect slower activity in the condo market for the Stuart, Florida area.

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for April 2011

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Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for April 2011

05.14.11 by

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for April 2011

For April 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 189 active listings (down 12 from last month).

27 Residential sales are pending and awaiting close or lender approval (down 4 from March).

11 Homes Sold in March (up 3 from March).

Continued improvement for the residential Stuart Florida real estate market activity for zip code 34996.  Inventory continues to decline, closed sales were up and only a small decline in pending activity.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for April 2011

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for April 2011

05.11.11 by

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for April 2011

For April 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 148 active condo listings (up 4 from last month).

39 Condo sales are pending and awaiting close or lender approval. (a decrease of 11 from March)

26 Condos Sold in April (up 1 unit from last month).

Another solid month for condos in the 34994 zip code area of Stuart.  Pending sales are unfortunately off, most likely a reflection of the expected slower activity as we enter into the off-season for vacation home buyers in Martin County.  Inventory also grew slightly and remains troublesome (high).

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for April 2011

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Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for April 2011

05.10.11 by

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for April 2011

For April 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 88 active listings (down 11 from March).

28 Residential sales are pending and awaiting close or lender approval (down 1 from last month).

8 Homes Sold in April (up 2 from March)

Inventory is significantly reduced in Stuart’s 34994 zip code area for April.  Strong pending sales and an increase in closed sales for April were all positive signs for this segment of Martin County’s real estate market.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for April 2011

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Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for April 2011

05.09.11 by

Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for April 2011

For April 2011 in Sewalls Point, Florida :

There are currently 60 active listings (unchanged from March)

12 Residential sales are pending and awaiting close or lender approval (An decrease of 1 from March)

5 homes closed in Sewalls Point Florida in April (up from 2 in March)

This spring has shown excellent resiliency in the real estate market for Sewalls Point.  Other than a very weak February, both March and April have shown positive results with increases in both pending and closed sales.  If you look at the greater area snapshot for Martin County, it appears that this trend is continuing for all of Martin County.

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Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for April 2011

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Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Condo Sales for March 2011

04.27.11 by

Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Condo Sales for March 2011

For March 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 37 active condo listings. (Down 9 from last month)

9 Condo sales are pending and awaiting close or lender approval. (Down 3 from February)

There were 5 sales. (An increase of two condos from last month)

Inventory for Hobe Sound condos is down to a pretty low level, sales were up a bit and pending sales were off for the Hobe Sound condo market snapshot.

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Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Condo Sales for March 2011

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Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for March 2011

04.26.11 by

Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for March 2011

For March 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 434 active listings. ( down 27 from February)

103 Residential sales are pending and awaiting close or lender approval (up 3 from last month)

45 Homes Sold in March (up 21 from December)

After a disappointing February, a strong rebound in the Hobe Sound Florida real estate market (zip code 33455) with gains in all categories and almost double the sales from the previous month.

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Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for March 2011

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