Palm City FL 34990 Condo Market Report January 2015

Palm City FL 34990 Condo Market Report January 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for January 2015

 

For January 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 59 active condo listings. (Down 2 condos from December)

Palm City FL 34990 Condo Market Report January 2015

12 Condo sales are pending and awaiting close or lender approval. (Increased by 6 condos from last month)

Palm City FL 34990 Condo Market Report January 2015

3 Condos Sold in January. (Down by 3 condos from December)

Palm City FL 34990 Condo Market Report January 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Sales for Palm City condos were off for January, but pending sales were up which is a positive sign for coming months.  Our active inventory is now almost identical to last year.

The current absorption rate for condos in the 34990 zip code area is 19.7 months (was 10.2 months in August).   Unfortunate drop for the first month of 2015.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The January 2013 numbers were: 58 active listings, 5 pending sales and 2 closed sales.   Even though activity is off from last month, it’s still a better market than we had last year.
 Palm City FL 34990 Condo Market Report January 2015

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Palm City FL 34990 Condo Market Report January 2015

Martin County School District Ranked Number One in Florida

Martin County School District Ranked Number One in Florida

martin county schools

The Martin County School district was ranked the number one school district in the State of Florida by the 2015 Niche Rankings. According to their web site, Niche is helping to transform the way people make big decisions by providing reviews and insights from everyday experts to help choose neighborhoods and K to 12 grade schools. Niche was founded in 2002 by Carnegie Mellon University students as CollegeProwler.com. Since then, Niche has grown into one of the largest content startups in the country.

For this school report, Niche K-12 looked at more than 120,000 K-12 schools. Millions of reviews and rankings were evaluated across schools and districts in Florida and Martin County K-12 schools were rated as number 1 in the state.

You can see the Florida rankings here: https://k12.niche.com/rankings/public-school-districts/best-overall/s/florida/ .

According to Niche, a high overall ranking indicates that:

  • Students are very happy with their experience in all aspects including academics, teachers, health, safety, resources, facilities, extracurriculars, sports, and fitness;
  • District schools are exceptional academic institutions in terms of teachers, students, resources for learning, and student outcomes;
  • District schools are made up of a diverse population and fosters an accepting, positive school culture;
  • Students are actively involved in a variety of extracurriculars and sports the district offers.

Congrats to the teachers, parents and students of the Martin County School District for this achievement.

Martin County School District Ranked Number One in Florida

February 2015 Market Update for Hunters Creek in Palm City FL

February 2015 Market Update for Hunters Creek in Palm City FL

Currently in February, there is 1 home on the market in Hunters Creek in Palm City, FL.  This home is a 4 BR home listed at $279,900 which is equal to $133.41 per sq. ft. of living area.

There are no homes currently under contract (pending sales)

There have been 6 homes sold in the past 12 months in Hunters Creek.  Sales prices were from $272,500 to $349,900 for an average sale price of $305,816 which equals $130.93 per sq. ft. of living area and 95% list to sales price.  There was one short sale in this set of sold homes.

Hunters Creek in Palm City FL is a gated community of 68 homes located off of Mapp Road just north of the Oak Ridge subdivision and across the road from Harbour Pointe.

Hunters Creek in Palm City FL

Homes in Hunters Creek were first completed in 1990 and the last home was built in 2001. There are no more vacant lots left to be built as this community is fully matured and built out. All homes are custom built and range in sizes from over 3,800 sq. ft. of living area to just under 1,700. From 5 bedroom pool homes on over a ½ acre of land down to 3 bedroom homes on just over a quarter of an acre.

HOA fees are a very reasonable at under $100 per month. This covers the common areas and security gate along with basic cable TV.

Hunters Creek in Palm City FLHunters Creek is very conveniently located near the Palm Cove Golf Club as well as quick access to Florida’s Turnpike and I-95. Also, just a few minutes away from the Palm City Bridge with access to downtown StuartJensen Beach and the beaches of the Atlantic Ocean on Hutchinson Island.

Hunters Creek Homes for Sale in Palm City FL

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February 2015 Market Update for Hunters Creek in Palm City FL

Stuart Florida Market Report ZIP Code 34994 Residential January 2015

Stuart Florida Market Report ZIP Code 34994 Residential January 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for January 2015

For January, 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 85 active listings (Down by 4 homes from December)

Stuart Florida Market Report ZIP Code 34994 Residential January 2015

37 Residential sales are pending and awaiting close or lender approval (Increased by 13 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential January 2015

9 Homes Sold in December (Down by 3 homes from December)

Stuart Florida Market Report ZIP Code 34994 Residential January 2015

The 34994 ZIP code area of the Stuart, Florida had a small decrease in inventory for the beginning of 2015.  Unfortunately sales were off by 3 homes, though we had a sizable increase in pending sales which should translate to higher sales numbers in the coming months.

The one month absorption rate for the 34994 zip code for January increased to 9.9 months from last months 7.4 months, back to a strong buyers market for January.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The January 2013 numbers were 67 Active Listings, 34 pending sales and 10 closed sales.  This area of Stuart FL continues with higher inventory figures from last year.   Fairly close market activity to January of last year.

Stuart Florida Market Report ZIP Code 34994 Residential January 2015

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential January 2015

Affordable Jensen Beach Home Sold

Affordable Jensen Beach Home Sold

Affordable Jensen Beach Home Sold2378 NE Center Circle in the Cross Roads Hill section of Jensen Beach has been sold by the Gabe Sanders BlueWater Realty Team.  Listed for $154,900 and we negotiated a sales price of $142,000 for our buyers who found us at GabeSanders.com

Affordable Jensen Beach Home Sold

Super clean CBS home will not disappoint. Home is just steps from Martin County Sailing Center, Jensen Beach Boat Ramp, and the beautiful Indian Riverside Park. Large driveway has plenty of room for boat/RV. Updates include, roof, windows, AC, kitchen with Corian, bathrooms, fenced yard, wood laminate/tile flooring, water heaters, painted inside and out and much more. Garage offers storage and workspace. Home is on city water with well water outside for established floratam lawn sprinkler system and hoses. A short walk to downtown, ideal location and move in condition of this home make it a don’t miss. Not a short sale or foreclosure.

Affordable Jensen Beach Home Sold

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For information about Jensen Beach FL real estate please call the Gabe Sanders BlueWater realty team at 772-323-6996 or Contact Us Here

Jensen Beach Florida Real Estate

Residential Homes, Condos and Land
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Affordable Jensen Beach Home Sold

Foxwood Stuart FL February 2015 Market Update

Foxwood Stuart FL February 2015 Market Update

 As of Feb 2015, there are two homes on the market in the Foxwood equestrian community in Stuart, FL.  The list prices are $449,900 and $549,900 for an average of $499,900 and this equals $178.74 per sq. ft. of living area.  Both of these are conventional sales.

There are no pending sales awaiting settlement at this time.

In the past 12 months there were three sales in this western Stuart community.  Sales prices ranged from $360,000 to $435,000 for an average of $398.666 which equals $146.39 per sq. ft. of living area.  These sales averaged a 94% list to sales ratio and none of these homes were in a distressed sales situation.

Foxwood is located just west of I-95 on Pratt and Whitney road in Western Stuart Florida.  It consists of 109 home sites that are all 2 acres or larger.  Horses are permitted with a zoning of one horse per acre.   Foxwood was designed with Florida’s natural environment in mind.  Every Foxwood home is custom built with the residents encouraged to keep some natural habitat in place.  Recently, a rare Florida Panther was seen going through Foxwood.

Foxwood in Stuart Florida

Association fees are a very reasonable $450 per year.  These fees cover maintenance of the private roads, sanitation and management fees.  More information about the Foxwood Property Association can be found at this community’s property association web site: Foxwood Property Association of Stuart Florida

Foxwood Stuart FL

Construction of homes in Foxwood began in 1978.  Four phase of development ended with the last phase commencing in 1990.  Most lots have been developed with just a handful of vacant lots left of which currently none are available for sale (as of this writing).

Foxwood Stuart FL

Foxwood is located less than a mile from the ‘A’ Rated South Fork High School with easy access to Palm Beach County and only 15 minutes to downtown Stuart and the pristine beaches of Martin County.

A perfect place to call home for those who desire some room to roam yet be close to shopping, restaurants and other urban areas.

Currently Available Homes in Foxwood

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For more information about this and other Martin County communities contact:
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Stuart Florida Real Estate

Residential Homes, Condos and Land with special emphasis on Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Foxwood in Martin County Florida

December 2014 Monthly Market Detail Martin County Townhouses and Condos

December 2014 Monthly Market Detail Martin County Townhouses and Condos

December 2014 Monthly Market Detail Martin County Townhouses and Condos ended up the years with strong sales volume though prices were less than for the end of 2013. Year to year closed sales were up by 31.3% (was down by 1.8% in October) as well as new sales under contract (new pending sales) increased by 10.8% from December 2013 (was down by 0.9% in October).

The median sales price was off by 18.2% (was up by 15.8% in October) while the average sales price dropped by 13.6% (was up by 7% in October) as compared to December of 2013.  Prices have risen for most of the past two years and this may just be a one month event.

The inventory of available townhouses and condos has increased by 19 units to 509 properties from last month, though this is 20.5% less inventory than was available in December of 2013.  For December there was a 4.8 month supply of inventory (a 22.8% decrease from last year).  Still a sellers market for townhouses and condos in Martin County for December 2014.

December 2014 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
December 2014 Monthly Market Detail Martin County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

December 2014 Monthly Market Detail Martin County Townhouses and Condos

December 2014 Monthly Market Detail Martin County Single Family Homes

December 2014 Monthly Market Detail Martin County Single Family Homes

The December 2014 Monthly Market Detail Martin County Single Family Homes picked up steam in the final month of 2014. Year to year closed sales were down by 8.6% (was up 1.2% in November). New pending sales increased by 13.7% as compared to December of 2013 (increased by 9% in November).

The median sales price was up by 5.9% from last year (down by 1.5% in November) while the average price increased by an impressive 29% (was down by 8.8% last month). We appear to be in somewhat of a roller coaster ride in the past three months as far as prices are concerned.  Though all indications to date show more positive news coming for 2015.

The inventory of available single family homes increased from November 2014 by 25 homes to 1,285 units this month, and is a 4% increase from last December.  Current supply of inventory rose slightly to 6.2 months from last month’s 6.1 (a 6.4% decrease from last year). Martin County single family home sales remain in a balanced market favoring neither the buyer nor seller.

December 2014 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:
December 2014 Monthly Market Detail Martin County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

December 2014 Monthly Market Detail Martin County Single Family Homes

Hobe Sound FL 33455 Condo Market Report December 2014

Hobe Sound FL 33455 Condo Market Report December 2014

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2014

 

For December 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 13 active condo listings. (Up by 4 condos from November)

Hobe Sound FL 33455 Condo Market Report December 2014

6 Condo sale is pending and awaiting close. (Up by 2 condos from November)

 Hobe Sound FL 33455 Condo Market Report December 2014

5 Condos sold in November (Increased by 1 condo from November)

Hobe Sound FL 33455 Condo Market Report December 2014

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory rose for December after being down to under 10 condos for last month.  Nice activity for the month as well considering such low availability of condos.  Both close and pending sales were up.

The current absorption rate is 2.6 months (Last month it was 2.3 months). The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that December not indicate a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The December 2013 numbers were: 23 active listings, 3 pending sales and no closed sales.  For the past two months, the Hobe Sound condo market has performed much better than last year.

Hobe Sound FL 33455 Condo Market Report December 2014

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Hobe Sound FL 33455 Condo Market Report December 2014

 

Jensen Beach FL 34957 Condo Market Report December 2014

Jensen Beach FL 34957 Condo Market Report December 2014

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for December 2014

 

For December 2014 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 44 active listings. (Up by 6 condos from November)

Jensen Beach FL 34957 Condo Market Report December 2014

15 Condo sales are pending and awaiting close or lender approval. (No change from November)

Jensen Beach FL 34957 Condo Market Report December 2014

5 Condos Sold (Up by 1 condo from November)

Jensen Beach FL 34957 Condo Market Report December 2014

 The Jensen Beach FL 34957 Condo Market Report December 2014 remains a small sector as far as condos in Martin County.  We’ve had a couple of months of gains in inventory.  Closed sales were up by 1 condo and pending sales remained unchanged.

The one month absorption rate for the December 2014, Jensen Beach Florida Market Report ZIP Code 34957 declined to 8.8 months (9.5 months in November), still a sellers market but heading closer to a balanced one.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The December 2013 numbers were: 41 active listings, 15 pending sales and 10 condos closed.  Better closed numbers last year.  Otherwise similar results.

Jensen Beach FL 34957 Condo Market Report December 2014

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Jensen Beach FL 34957 Condo Market Report December 2014

Palm City FL 34990 Condo Market Report December 2014

Palm City FL 34990 Condo Market Report December 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2014

 

For December 2014 in the 34990 Zip Code area of Palm City, Florida :



There are currently 61 active condo listings. (Unchanged from November)

Palm City FL 34990 Condo Market Report December 2014

6 Condo sales are pending and awaiting close or lender approval. (Decreased by 5 condos from last month)

Palm City FL 34990 Condo Market Report December 2014

6 Condos Sold in December. (Up by 4 condos from November)

Palm City FL 34990 Condo Market Report December 2014

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Sales for Palm City condos picked up a little for the end of the year.  Unfortunately pending sales dropped.  The inventory remains unchanged.

The current absorption rate for condos in the 34990 zip code area is 10.2 months (was 30 months in August).   A big improvement from last month.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The December 2013 numbers were: 66 active listings, 5 pending sales and 2 closed sales.   Slightly lower inventory for 2014 as compared to last year with better activity.
 Palm City FL 34990 Condo Market Report December 2014

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Palm City FL 34990 Condo Market Report December 2014

Jensen Beach Home Under Contract

Jensen Beach Home Under Contract

Jensen Beach Home Under Contract2378 NE Center Circle in the Cross Roads Hill section of Jensen beach has been placed under contract by the BlueWater Realty Team.  Listed for $154,900 and on the market for 24 days, this home is now pending and awaiting settlement.

Jensen Beach Home Under Contract

Super clean CBS home will not disappoint. Home is just steps from Martin County Sailing Center, Jensen Beach Boat Ramp, and the beautiful Indian Riverside Park. Large driveway has plenty of room for boat/RV. Updates include, roof, windows, AC, kitchen with Corian, bathrooms, fenced yard, wood laminate/tile flooring, water heaters, painted inside and out and much more. Garage offers storage and workspace. Home is on city water with well water outside for established floratam lawn sprinkler system and hoses. A short walk to downtown, ideal location and move in condition of this home make it a don’t miss. Not a short sale or foreclosure.

Jensen Beach Home Under Contract

Search for all Jensen Beach Real Estate

 

For any questions you may have about Lakefront Home in Hammock Creek Estates Under Contract, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Jensen Beach Home Under Contract

Stuart Florida Market Report ZIP Code 34994 Residential December 2014

Stuart Florida Market Report ZIP Code 34994 Residential December 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for December 2014

For December, 2014 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 89 active listings (Up 11 homes from November)

Stuart Florida Market Report ZIP Code 34994 Residential December 2014

24 Residential sales are pending and awaiting close or lender approval (Down by 11 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential December 2014

12 Homes Sold in November (Increased by 1 home from November)

Stuart Florida Market Report ZIP Code 34994 Residential December 2014

The 34994 ZIP code area of the Stuart, Florida showed quite an increase in inventory for the end of the year.   Unfortunately pending sales were off and closed sales only increased by 1 sale.  Though, typically December is a fairly slow month for closed sales.

The one month absorption rate for the 34994 zip code for December increased to 7.4 months from last months 7 months.  shifting back into a slight buyers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage. 

The December 2013 numbers were 56 Active Listings, 32 pending sales and 14 closed sales.  One of the few areas we have with increased inventory this year.  Unfortunately the closed activity has not increased as well.

Stuart Florida Market Report ZIP Code 34994 Residential December 2014 

 

 

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential December 2014

Royal Oak Towers Condo in Downtown Stuart Just Listed

Royal Oak Towers Condo in Downtown Stuart Just Listed

Royal Oak Towers Condo in Downtown Stuart Just Listed

Nicely updated condo in a downtown Stuart location in the Royal Oak Towers of Stuart FL has just been listed by the Gabe Sanders BlueWater Realty Team for $97,500.

Royal Oak Towers Condo in Downtown Stuart Just Listed

Convenient location close to downtown and Martin Memorial Hospital. Large rooms, tile throughout, crown molding, large baseboard, recessed lighting in living room and dining area, has a front & back patio area, ceiling fans, freshly painted, covered parking, located on top floor with an elevator, pool with grill area. Walk to downtown restaurants, the lyric theater and shopping. And only just a few minutes from the beach. All ages welcome. Pet friendly building with 1 large pet permitted.

Royal Oak Towers Condo in Downtown Stuart Just Listed

Royal Oak Towers Condo in Downtown Stuart Just Listed

Royal Oak Towers Condo in Downtown Stuart Just Listed

Click here for more information and pictures

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More information about Stuart Florida Real Estate can be found on the Gabe Sanders BlueWater Realty team’s web site.

Condo in Downtown Stuart Just Listed

 

 

January 2015 Market Update High Point Sewalls Point

January 2015 Market Update High Point Sewalls Point

As of January 2015, there are 3 homes available for sale on High Point and High Point Isle in Sewalls Point, FL.   Listing prices range from $1,199,000 to $2,495,000.  The average listing price is 1,848,000 which equals $526.00 per square foot of living area.  There are no short sales or foreclosures in the available listings.

There is one High Point home under contract and awaiting close.  The list price is $3,900,000 or $739,20 per sq. ft. of living area.

In the past 12 months, 7 High Point homes have sold.  Sales prices ranged from $375,000 to $2,600,000 for an average sales price of $1,076,714 which equals 284.34 per sq. ft. of living area and an 87% list to sales ratio.  Of these sales, one was a short sale.

High Point in Sewalls Point, Florida


Located on the southern tip of Sewalls Point, High Point and High Point Isles is an oasis of beautiful homes on high elevation lots yet just minutes away from the clear blue waters of the Atlantic ocean.
 

High Point in Sewalls Point, Florida
High Point Isles is the eastern section of the High Point peninsula and consists of all waterfront homes in the intracoastal waterway and within sight of the Saint Lucie Inlet for access to the Atlantic.  Ringing the south and west circumference of High Point are additional waterfront estates with deep water, high elevation and spectacular views of the Saint Lucie and Indian Rivers.

 

High Point in Sewalls Point, Florida

 

The first home in High Point was built in 1963 and homes continue to be built as well as extensively renovated to this day.  There are both deep water estate sized lots (of over 2.5 acres) to interior lots of 1/3 of an acre.

High Point in Sewalls Point, FloridaHome sizes range from 2 bedroom, 2 bathroom cottages of 1,700 sq. ft. to estates of close to 14,000 sq. ft. of living area with 7 bedrooms and 9 bathrooms.

High Point in Sewalls Point, FloridaThere are no HOA fees in High Point and High Point Isles as this community is part of the town of Sewalls Point.  A wonderful community close to the beaches, waterways and many excellent amenities offered in Martin County, FL.

 

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January 2015 Market Update High Point Sewalls Point

January 2015 Copperleaf Market Update

January 2015 Copperleaf Market Update

There are currently 5 homes actively listed in Copperleaf in Palm City, Florida.  List prices range from a low of $329,900 to a high of $1,200,000.  The average list price is $606,580 which equals $141.76 per square foot of living area. This group includes no short sales or bank owned foreclosures.

There are two homes under contract awaiting closing.  The list prices are $375,000 and $3350,000 which average $362,500 list price and $135,97 per square foot of living area. Neither of these homes is a distressed property.

In the past 12 months, 17 homes have sold in Copperleaf with an average sales price of $331,797 at $130.49 per square foot of living area and at 96% list to sales price ratio.  The lowest sales price was $247,000 while the highest was $423,000.  None of these properties were distressed sales.

 January 2015 Copperleaf Market Update

Copperleaf in Palm City FL was first developed by Centex Homes with the first homes constructed and sold in 2007.  New construction continues to the present now under the name of Pulte Homes.  As of this writing there are 123 homes in Copperleaf.  Though, construction continues with room for considerably more homes.

January 2015 Copperleaf Market Update

Home sizes range from estate size homes on over ½ an acre with more than 6,000 sq. ft. of living area down to smaller 3 bedroom, 2 bath homes with 2 car (or more) garages of 1,705 sq. ft.  Copperleaf is conveniently located close to both Florida’s Turnpike and I-95 yet just minutes to shopping, restaurants and the well-respected schools that Martin County has to offer.  Only a few more minutes and you can be on the beach or launch your boat at one of the many boat ramps in the area.

January 2015 Copperleaf Market Update

Copperleaf offers is a gated community with a manned gate by the beautiful entrance.  There’s a clubhouse with exercise facilities, two tennis courts, a community pool and a playground for the little ones.  As of this writing, the Home Owner’s Association fees are $233 per month.  These fees cover Basic Cable TV, Manager, Recreational Facilities, Reserve Fund, Security and Trash pickup.

January 2015 Copperleaf Market Update

There are excellent new construction opportunities as well as re-sales available in Copperleaf of Palm City FL.  Call us for details.

 January 2015 Copperleaf Market Update

Currently, these homes are available for sale in Copperleaf Palm City

 

For any questions you may have about Copperleaf in Palm City Florida, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Palm City Florida Real Estate

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

January 2015 Copperleaf Market Update

 

November 2014 Monthly Market Detail Martin County Townhouses and Condos

November 2014 Monthly Market Detail Martin County Townhouses and Condos

November 2014 Monthly Market Detail Martin County Townhouses and Condos showed some decreasing volume of sales.  Year to year closed sales were down by 1.8% (was up by 14% in October) as well as new sales under contract (new pending sales) decreased by 0.9% from November 2013 (was up by 36.6% in October). 

The median sales price was up by 15.8% (was up by 49.8% in October) while the average sales price rose by 7% (was up by 43.5% in October) as compared to November of 2013.  Still very strong price gains, though not as much as the exceptional report from last month.

 The inventory of available townhouses and condos has increased by 3 units to 490 properties from last month which is 23.6% less inventory than was available in November of 2013.   This represents a 4.7 month supply of inventory (a 23.9% decrease from last year).  A sellers market for townhouses and condos in Martin County for November 2014.

November 2014 Monthly Market Detail Martin County Townhouses and Condos

 

 Click here to view or download the full report:  November 2014 Monthly Market Detail Martin County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

November 2014 Monthly Market Detail Martin County Townhouses and Condos

November 2014 Monthly Market Detail Martin County Single Family Homes

November 2014 Monthly Market Detail Martin County Single Family Homes

The November 2014 Monthly Market Detail Martin County Single Family Homes slowed in closed volume.  Year to year closed sales were down by 1.2% (was up 23.3% in October). New pending sales increased by 9% as compared to November of 2013 (increased by 4.6% in October). 

The median sales price was down by 1.5% from last year (up by 2.6% in October) while the average price decreased by 8.8% (was up by 26.8% last month).  We appear to be in somewhat of a roller coaster ride in the past three months as far as prices are concerned.  Difficult to determine any meaningful trends at this time.

The inventory of available single family homes increased from October 2014 by 7 homes to 1,260 units this month, and is a 0.5% increase from last November.  Current supply of inventory remains unchanged at 6.1 months from last month’s 6.1 (a 10.1% decrease from last year).  Martin County single family home sales remain in a balanced market favoring neither the buyer nor seller.

November 2014 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:  November 2014 Monthly Market Detail Martin County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

November 2014 Monthly Market Detail Martin County Single Family Homes

November 2014 Monthly Market Detail Florida Townhouses and Condos

November 2014 Monthly Market Detail Florida Townhouses and Condos

The November 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida is showing a little weakness in year to year volume of sales.  Closed sales were down by 5.4% as compared to last months increase of 7.4% and new sales under contract (new pending sales) decreased by 1% (October’s decrease was 3.3%).

Both median and average sales prices were up (year to year) by 7.7% and 6.2% respectively (in October they were up by 7.7% and 10.3%). These increases in value appear to be moderating a bit after some very large rates in the past few months.

Inventory remained unchanged from last year.  The first month in over a year without an increase (was up by 5.3% in October).  The November 2014 is still a healthy balanced market with a 6 months supply of inventory (was 5.9 months in October) which is up 5.8% from last year.  A 6 months inventory supply is considered a balanced market.

November 2014 Monthly Market Detail Florida Townhouses and Condos

 

Click on the link below or the graphic to see the full market detail report from Florida Realtors:  Click here to view or download the full report:  November 2014 Monthly Market Detail Florida Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

November 2014 Monthly Market Detail Florida Townhouses and Condos

Hobe Sound FL 33455 Condo Market Report December 2014

Hobe Sound FL 33455 Condo Market Report December 2014

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2014

 

For December 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 13 active condo listings. (Up by 4 condos from November)

Hobe Sound FL 33455 Condo Market Report December 2014

6 Condo sale is pending and awaiting close. (Up by 2 condos from November)

 Hobe Sound FL 33455 Condo Market Report December 2014

5 Condos sold in November (Increased by 1 condo from November)

Hobe Sound FL 33455 Condo Market Report December 2014

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory rose for December after being down to under 10 condos for last month.  Nice activity for the month as well considering such low availability of condos.  Both close and pending sales were up.

The current absorption rate is 2.6 months (Last month it was 2.3 months). The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that December not indicate a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The December 2013 numbers were: 23 active listings, 3 pending sales and no closed sales.  For the past two months, the Hobe Sound condo market has performed much better than last year.

Hobe Sound FL 33455 Condo Market Report December 2014

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Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report December 2014