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

04.21.11 by

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

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

There are currently 555 active listings (down 15 from February)

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

53 Homes Sold in March (up 7 for February)

Positive movement in all categories in Palm City, Florida real estate (zip code 34990) in all three major indexes we track for four months in a row now.

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

Palm City Florida Real Estate presented by:

the Gabe Sanders real estate team

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

04.20.11 by

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

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

There are currently 135 active condo listings (down 6 from last month).

18 Condo sales are pending and awaiting close or lender approval (down 6 from February).

18 Condos Sold in February (up 15 units from last month).

The 34997 area of Stuart Florida had a good March for sales. Inventory was also down slightly.  However, pending sales were off a bit.

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

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

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

04.19.11 by

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

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

There are currently 144 active condo listings (up 3 from last month).

50 Condo sales are pending and awaiting close or lender approval. (an increase of 26 from February)

25 Condos Sold in March (up 22 units from last month).

After a very poor February, the condo market in Stuart for the 34004 zip code area, rebounded exceptionally well.

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

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

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

04.18.11 by

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

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

There are currently 242 active condo listings (down 21 from last month).

34 Condo sales are pending and awaiting close or lender approval (down 12 from February).

36 Condos Sold in February (up 10 units from last month)

A second positive month for condo sales in the Stuart 34996 zip code.  The only negative is the decrease in pending sales, which may mean a seasonal slowdown is coming.

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

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

04.17.11 by

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

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

There are currently 606 active listings (down 35 from February).

197 Residential sales are pending and awaiting close or lender approval (down 20 from last month).

77 Homes Sold in February (up 41 from February)

For zip code 34997 in Stuart Florida, March showed strong sales results with significant increases in sales and a corresponding decrease in inventory, unfortunately, the pending sales numbers were off significantly also. This was a strong month.

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

Stuart Florida Real Estate presented by:
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Condominium Market Report for March 2011 in Martin County, Florida

04.16.11 by

Condominium Market Report for March 2011 in Martin County, Florida

Condo sales for March were greatly improved from February and even surpassed the stellar numbers we had in December.  Along with excellent sales numbers, inventory was down to levels last seen in 2005 along with a one-month absorption rate below 9 months.  Should this trend continue, then we have definitely turned the corner and the bottom of the market is behind us.  Unfortunately, the vast majority of sales have been on the lower end of the spectrum, driving the median prices even lower.  However, if inventory levels continue to decline, adequate pressure should be developed to stabilize prices.  What remains troubling on the horizon is the threat of additional foreclosure and short-sale properties coming on the market, which will have a negative impact on and rise in prices.

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Condominium Market Report for March 2011 in Martin County, Florida

the Gabe Sanders real estate team

Residential Market Report for March 2011 in Martin County, Florida

04.15.11 by

Residential Market Report for March 2011 in Martin County, Florida

For March 2011, Martin County residential sales showed some of the best numbers since 2005.  Sales were up significantly over last year and inventory is down to 2005 levels.  The one-month absorption rate is now below 9 months.  Should this trend continue, we should see a much more balanced market in the future.  In fact, prices have now held steady in terms of average numbers for a few months (please keep in mind that this statistic can be misleading as the mix of sales has been leaning to a little higher price bracket that can skew the numbers).  The big unknown is the so-called ‘shadow inventory’ of bank-owned properties as well as short sales that can continue to have negative pricing pressures on areas when there is a significant number of such properties come on the market.  But, all in all, a very strong March for Martin County real estate.  Should this trend continue, those buyers waiting on the sidelines for the bottom of the market may have missed it.

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Residential Market Report for March 2010 in Martin County, Florida

the Gabe Sanders real estate team

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

04.14.11 by

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

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

There are currently 99 active listings (up 1 from February).

29 Residential sales are pending and awaiting close or lender approval (down 8 from last month).

6 Homes Sold in March (down 7 from February)

A weak month for the 34994 zip code area of Stuart Florida with decreases in all areas.

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

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

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

04.12.11 by

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

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

There are currently 201 active listings (down 5 from last month).

31 Residential sales are pending and awaiting close or lender approval (up 1 from February).

8 Homes Sold in February (up 1 from February).

All data showed positive signs, although in small numbers for March from the previous month for the Stuart Florida market activity for zip code 34996.

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

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Stuart Florida Real Estate presented by:
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Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for March 2011

04.11.11 by

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

For March 2011 in Sewalls Point, Florida :

There are currently 60 active listings (down 9 from February)

11 Residential sales are pending and awaiting close or lender approval (A decrease of 1 from February)

2 homes closed in Sewalls Point Florida in March (0 in February)

Some moderately positive signs for the Sewalls Point real estate market as two homes completed sales in March as well as continued strong pending numbers and a decrease in the existing inventory.

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

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Sewalls Point Florida Real Estate presented by:
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Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Condo Sales for February 2011

03.30.11 by

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

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

There are currently 48 active condo listings. (Down 5 from last month)

12 Condo sales are pending and awaiting close or lender approval. (Up 8 from January)

There were 3 sales.  (No sales last month for condos).

A pretty good month for condos in Hobe Sound, with a decrease in inventory and increased pending sales as well as closed sales.

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

Hobe Sound Florida Real Estate presented by:
the Gabe Sanders real estate team

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

03.29.11 by

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

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

There are currently 59 active listings. (Down 2 from last month)

21 Condo sales are pending and awaiting close or lender approval. (Up 1 from January)

5 Condos Sold (Same as last month)

A slight decrease in inventory and one more pending unit in the Jensen Beach Florida condo market, basically unchanged from last month.

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

Jensen Beach Florida Real Estate presented by:
the Gabe Sanders real estate team

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

03.28.11 by

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

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

There are currently 461 active listings. ( up 73 from January)

100 Residential sales are pending and awaiting close or lender approval (up 43 from last month)

24 Homes Sold in February (up 6 from December)

Another increase in inventory for Hobe Sound in February which is not a good sign.  However, a large increase in pending sales and a smaller increase in sold homes help offset this a bit.

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

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Stuart Florida Real Estate presented by:
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Residential Market Report for February 2011 in Martin County, Florida

03.21.11 by

Residential Market Report for February 2011 in Martin County, Florida

For February 2011, Martin County residential sales rebounded from the poor January results and have come in at fairly good numbers compared to the past few years.  Inventory remains high but also continues to decrease.  We are seeing a significant number of homes on the market that are basically not a viable sale at their current price and condition, so the real inventory is probably a bit less than the total number on the chart.  Average sales prices decreased for February, however, the median price was up, so in effect, we feel prices by and large have either stabilized or are decreasing at very low rates in most segments of the market, with some notable exceptions.  These exceptions are the very upper end of the price range as well as continued pressure on newer communities built during the boom times.  The absorption rate remains troublesomely high at over 15 months.

Residential Market Report for February 2010 in Martin County, Florida

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

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Condominium Market Report for February 2011 in Martin County, Florida

03.20.11 by

Condominium Market Report for February 2011 in Martin County, Florida

Condo sales for February improved from January and matched the good numbers we had in December.  Median prices declined a bit but show some signs that price declines have moderated considerably.  Inventory is basically unchanged from last month, which remains at a low point for the past few years.  The 3 month absorption rate remains high at 15.5 months.  Most experts feel a balanced market is reflected by a 6 month absorption rate, so we still have a long way to go.

Condominium Market Report for February 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

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

03.17.11 by

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

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

There are currently 178 active listings. (Down 7 from last month)

75 Residential sales are pending and awaiting close or lender approval. (up 6 from January)

15 Homes Sold (up 7 from last month)

Small gains in all categories of data for the Jensen Beach Florida market for this month.

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

February 2011

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Jensen Beach Florida Real Estate presented by:
the Gabe Sanders real estate team

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

03.15.11 by

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

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

There are currently 71 active condo listings. (down 5 from January)

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

3 Condos Sold in February. (up 1 from January)

While small, these are all improvements from the previous month for Palm City Florida – zip code 34990

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

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Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

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

03.15.11 by

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

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

There are currently 570 active listings (down 14 from January)

144 Residential sales are pending and awaiting close or lender approval. (Up 8 from last month)

46 Homes Sold in February (up 15 for January)

Sales for February in Palm City were up from January, though not as robust as an exceptionally strong December.  All indexes moved in the right direction this month, though.

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

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Palm City Florida Real Estate presented by:

the Gabe Sanders real estate team

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

03.11.11 by

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

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

There are currently 141 active condo listings (down 32 from last month).

24 Condo sales are pending and awaiting close or lender approval.

3 Condos Sold in February (a decrease of 6 units from last month).

Inventory was down for February, but unfortunately so were sales and spending.

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

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

03.11.11 by

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

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

There are currently 98 active listings (down 13 from January).

37 Residential sales are pending and awaiting close or lender approval (down 5 from last month).

13 Homes Sold in February (up 7 for January)

A fairly good month for the 34994 zip code area of Stuart Florida with positive momentum in all areas except for pending sales.

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

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Our market reports are here!

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team