Martin County Florida Residential Market Report for February 2012

Martin County Florida Residential Market Report for February 2012

 

Commentary:

The Martin County Florida residential market report for February 2012 showed excellent results. The sales volume of 116 homes was the exact same as last year and up by 18 homes from January (98). The one month absorption rate was down to 11.85 months while the three month moving average is at 11.31 months. Activity remains high and I expect some fairly respectable numbers for the coming months.

Both average and median sales prices were up from January.  In fact, average sales prices have risen for the last two months.  Along with this trend, listing prices are also inching up, and have been rising for the past six months.  The inventory declined to 1375 residential units.  This is the lowest value since October of 2005, before the ‘bubble’.  The reduction of inventory is what is exerting strong pressure on possible price increases.  While a continuing trickle of distressed properties (short sales and foreclosures) are counteracting the upward price pressure.

Our outlook for Martin County remains optimistic as prices and rates remain at historic low levels. For sellers, homes are selling, and if priced and presented optimally, they are going quickly. Buyers are seeing historically low interest rates and very affordable quality homes in almost all price ranges.

Please feel free to contact us if you have any difficulty interpreting these charts.

Click on the individual charts to see charts in expanded mode.

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The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

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Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Residential Market Report for February 2012 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

For more information about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate or Treasure Coast FL Homes

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

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

 

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

 

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

 

 

There are currently 32 active condo listings. (Unchanged from last January)

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

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  1 Condo Sale closed in Februaryr (Down 4 from January)

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The Hobe Sound condo market (Zip Code 33455) is a very small segment of both Hobe Sound real estate as well as the smallest condo market on the Treasure Coast. February showed very little change from previous months, with only 1 sale closed. With such a low inventory, I don’t expect to see any great movement in this segment of the Treasure Coast Florida condo market. Last February’s numbers were 48 active listings, 12 pending sales and 3 closed sales.



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

 

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

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

 

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

 

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

There are currently 342 active listings. ( A decrease of 17 homes from January)

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102 Residential sales are pending and awaiting close or lender approval (An increase of 22 homes from January)

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31 Homes Sold in February (An increase of 11 homes from last month)

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The Hobe Sound real estate market (ZIP Code 33455) had a solid February 2012.  Inventory decreased, sales and pending sales were up significantly from January.  Comparing to last February, we had 461 active listings, 100 pending sales and 24 closed sales, we are very similar to last years figures, but all this with significantly less inventory.

The Hobe Sound real estate market (zip code 33455) is off to an excellent 2012, with solid market results.

 

 

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

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

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

 

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

 

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

 

There are currently 68 active listings. (Down 2 from January)

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21 Condo sales are pending and awaiting close or lender approval. (Up 5 condos from January)

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2 Condo Sold (A decrease of 5 condos from January)

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The Jensen Beach Condo market (zip code 34957) for Martin County is a fairly small segment of the market.  It maintains a good active market however with a low inventory and fairly good pending data.  Closed sales were down last month, but should be improving for the remainder of the season.  Last February there were 59 active listings, 21 pending sales and 5 closed sales. Basically unchanged over the year.


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

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

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

 

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

 

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

 

There are currently 155 active listings. (Down 140 homes from last month)

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

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16 Homes Sold (Down 7 from January)

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The Jensen Beach real estate market (ZIP Code 34957)  had a strong February and shows good potential for future sales.  I have changed the way I collect data for this zip code and am using homes only in Martin County with the 34957 zip code and excluding the saint Lucie County homes.  So, past comparisons for the next few months will be skewed as I have no way to go back and extrapolate the data from past market snapshots.

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