November 2014 Monthly Market Detail Florida Single Family Homes

12.24.14 by

November 2014 Monthly Market Detail Florida Single Family Homes

The November 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed continued improvement for the single family real estate market as compared to last November (2013).  Closed sales were up by 10.7% (was up by 17.8% in October) and new sales under contract (new pending sales) increased by 6.1% (was up by 4.7% in October).

Both median and average sales prices continue to rise ( November 2013 to November 2014) by 3.5% and 3.3% respectively, compared to October’s 4.6% and 6.1%.   We’ve appeared to slow down in the rate of appreciation in the past few months.  This is a good sign as prices will not be forcing as many buyers out of the market.  Historically a 3 to 4% yearly appreciation is very normal for real estate.

The inventory of available homes for sale rose by 2.3% from last year.  This is now a full 14 months of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  This increase in inventory makes for greater choices and more price competition among sellers. With only a 5.3 months supply of inventory, this is a healthy market with a slight edge to sellers. (November of 2013 had a 5.6 month supply)

November 2014 Monthly Market Detail Florida Single Family Homes

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

Hobe Sound FL 33455 Condo Market Report November 2014

12.23.14 by

Hobe Sound FL 33455 Condo Market Report November 2014

 

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

 

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

 

There are currently 9 active condo listings. (Down by 10 condo from October)

Hobe Sound FL 33455 Condo Market Report November 2014

4 Condo sale is pending and awaiting close. (Down by 1 condo from October)

 Hobe Sound FL 33455 Condo Market Report November 2014

4 Condos sold in October (Increased by 3 condos from October)

Hobe Sound FL 33455 Condo Market Report November 2014

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory is now down to single digits  I haven’t seen this ever before for the Hobe Sound condo market.  Closed sales increased from last month and pending sales dropped slightly.  With the inventory so low, I don’t expect to see much activity until available condos for sale come on the market.

The current absorption rate is 2.3 months (Last month it was 15 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 November 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 November 2013 numbers were: 21 active listings, 3 pending sales and 2 closed sales.  Much better activity for this year.  With less than half the inventory, market activity is still double from last year’s values.

Hobe Sound FL 33455 Condo Market Report November 2014

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Hobe Sound FL 33455 Condo Market Report November 2014

 

Jensen Beach FL 34957 Condo Market Report November 2014

12.21.14 by

Jensen Beach FL 34957 Condo Market Report November 2014

 

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

 

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



There are currently 38 active listings. (Up by 5 condos from October)

Jensen Beach FL 34957 Condo Market Report November 2014

15 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from October)

Jensen Beach FL 34957 Condo Market Report November 2014

4 Condos Sold (Up by 1 condo from October)

Jensen Beach FL 34957 Condo Market Report November 2014

 The Jensen Beach FL 34957 Condo Market Report November 2014 remains a small sector as far as condos in Martin County.  This month saw some nice small gains in every measured activity for the Jensen beach condo market.

The one month absorption rate for the November 2014, Jensen Beach Florida Market Report ZIP Code 34957 declined to 9.5 months (11 months in October), still a sellers market after a couple of weak summer months.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The November 2013 numbers were: 38 active listings, 16 pending sales and 2 condos closed.  With the exception of double the closed sales for 2014, identical activity to last year.

Jensen Beach FL 34957 Condo Market Report November 2014

 

Jensen Beach Condominium Properties by Price


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Jensen Beach FL 34957 Condo Market Report November 2014

Palm City FL 34990 Condo Market Report November 2014

12.19.14 by

Palm City FL 34990 Condo Market Report November 2014

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

 

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



There are currently 61 active condo listings. (Up by 3 condos from October)

Palm City FL 34990 Condo Market Report November 2014

11 Condo sales are pending and awaiting close or lender approval. (Increased by 2 condos from last month)

Palm City FL 34990 Condo Market Report November 2014

2 Condos Sold in November. (Down by 1 condo from October)

Palm City FL 34990 Condo Market Report November 2014 

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Continued activity, but not anything to write home about.  Slight increase in inventory and pending sales for this month with a small drop in closed sales.

The current absorption rate for condos in the 34990 zip code area is 30 months (was 19.3 months in August).   A good time to buy if one is interested in this area.  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 November 2013 numbers were: 67 active listings, 6 pending sales and 1 closed sales.   Better market activity for this year. 
 Palm City FL 34990 Condo Market Report November 2014
 

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Palm City FL 34990 Condo Market Report November 2014

Stuart Florida Market Report ZIP Code 34994 Residential November 2014

12.10.14 by

Stuart Florida Market Report ZIP Code 34994 Residential November 2014

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

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

 

There are currently 77 active listings (Up 7 from October)

Stuart Florida Market Report ZIP Code 34994 Residential November 2014

35 Residential sales are pending and awaiting close or lender approval (Down by 1 from October).

 Stuart Florida Market Report ZIP Code 34994 Residential November 2014

11 Homes Sold in October (Increased by 3 homes from October)

Stuart Florida Market Report ZIP Code 34994 Residential November 2014

The 34994 ZIP code area of the Stuart, Florida showed a small rebound after a slow October.  The inventory showed a nice gain for the second month in a row as well as a small gain in closed sales.  Pending sales (an indication of possible future closed activity) was off by 1 home, but still a pretty strong value.

The one month absorption rate for the 34994 zip code for November decreased to 7 months from last months 8.8 months.  shifting back into a balanced market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage. 

The November 2013 numbers were 56 Active Listings, 35 pending sales and 13 closed sales.  2013 saw better activity for the 34994 residential real estate market activity, especially when the lower inventory level is factored into the equation.

Stuart Florida Market Report ZIP Code 34994 Residential November 2014 

 

 

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential November 2014

Sunset Trace Palm City December 2014 Market Update

12.08.14 by

Sunset Trace Palm City December 2014 Market Update

As of December 2014, there are only 4 active listings for sale in Sunset Trace. List prices vary from $127,000 to $153,000 with an average list price of $136,200 which equals $102.45 per square foot of living area. (One foreclosure in this group – the most expensive listing!)

There are currently 5 homes under contract and awaiting settlement.  The listing prices range from $90,000 to $159,000 for an average list price of $123,980 which equals $95.32 per sq. ft. of living area.  There are two short sales and one bank owned foreclosure in this group of pending sales.

In the past 12 months, 36 homes have sold in Sunset Trace.  Sales prices ranged from $83,000 to $150,000 for an average sales price of $115,545 which equals $89.11 per sq. ft. and a 96% list to sales ratio.  These sales included 8 foreclosures (bank owned) home and no short sales.

 

Just across the street from the Martin Downs Golf Club lies the gated community of Sunset Trace in Palm City, FL.  Conveniently located close to Florida’s Turnpike as well as shopping, restaurants and medical facilities.  And only a 15 minute ride to the pristine waters of the Atlantic Ocean and the numerous waterways and boating facilities available in Martin County, FL.

Sunset Trace is a DiVosta community of approximately 500 residences.  There are four types of homes in this community:   DiVosta quad townhomes which feature 2 Bedrooms and 2 and ½ bathrooms with 1,236 sq. ft. of living area; Stamford models, also four townhomes to a building featuring 2 Bedrooms and 2 and ½ bathrooms with 1,1374 sq. ft. of living area; Wellesley models  have 3 Bedrooms and 2 Bathrooms in 1,295 sq. ft. and finally the Villas in Sunset Trace offer attached single family homes with 3 Bedrooms, 2 and ½ baths and a one car garage in 1346 square feet of living area.

Sunset Trace was developed and built from 1984 to 1988.  It features two community pools, three tennis courts, outdoor racquet and/or handball courts and a full size basketball court.  There’s a playground for the little ones as well.  This is a lushly landscaped community with a number of lakes and ponds on the grounds making for some great water views.

All ages are welcome in Sunset Trace and children attend Citrus Grove Elementary School, Hidden Oaks Middle School and Martin County High School.  The HOA fees run $305 per month, but include exterior and hurricane insurance, basic cable TV, Lawn and Landscaping, pest control and security.  Making life in Sunset Trace easy and care free.

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Sunset Trace Villas and Townhomes for Sale

Sunset Trace Palm City December 2014 Market Update

Beachwood Villas Hutchinson Island December 2014 Market Update

12.06.14 by

Beachwood Villas Hutchinson Island December 2014 Market Update

There is currently one active listing in Beachwood Villas of Hutchinson Island.  The list price is $299,000 which equals $252.53 per sq. ft. of living area.

There is currently one pending sale in Beachwood Villas. The list price is $185,000 which equates to $156.25 per sq. ft. of living area.

4 condos have sold in Beachwood Villas in the past 12 months.  The sales prices ranged from $203,000 to $310,000 which is an average of $248,500 and $209.20 per sq. ft. of living area.  The average days on market was 195.

Beachwood Villas on Hutchinson Island    Beachwood Villas on Hutchinson Island is a condo complex with 80 units that were built in 1975. Conveniently located halfway between the Jensen and Stuart Causeways this oceanfront complex features two bedroom, two bathroom condos ranging in size from 937 ft.² of living area up to 1259 ft.².

Beachwood Villas on Hutchinson Island

Many units have direct oceanfront views and all of the condos have under building parking to keep your car out of the harsh sun. Amenities include direct ocean access and a heated pool and spa.

Beachwood Villas on Hutchinson Island

At the time of this writing management and condo fees are approximately $560 per month. Beachwood Villas is a pet friendly community with two large dogs permitted for owners.

Beachwood Villas on Hutchinson Island

Those living in Beachwood Villas feel like they are in a tropical ocean paradise.

Beachwood Villas on Hutchinson Island

Search here for all available Beachwood Villas for Sale

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Additional Martin County Condos on Hutchinson Island in Stuart and Jensen Beach you may wish to consider: 
Angler Cove – Buttonwood – Fairwinds Cove – Green Turtle Cove – Hutchinson House – Indian River Plantation Condos – Islander 12 – Jensen Beach Club – Little Ocean Club – Maritimes – Ocean View – Sailfish Point – Sandpebble – Suntide

Stuart Florida Real Estate
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Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Beachwood Villas Hutchinson Island December 2014 Market Update

 

 

 

 

Plantation House Condos Indian River Plantation December 2014 Market Update

12.05.14 by

Plantation House Condos Indian River Plantation December 2014 Market Update

There are currently three active listings in the Plantation House of Hutchinson Island.  Prices range from $375,000 up to $419,500.  The average list price is $401,500 or $304.06 per sq. ft. of living area.

There are no currently pending sales in the Plantation Club Villas.

Only 1 condo sold in the Plantation Club Villas in the past 12 months.  The sales price was $362,500 which is $290.23 per sq. ft. of living area.  The days on market was 348.

Plantation House Condos on Hutchinson Island    

Located on the shores of the Atlantic Ocean, the Plantation House Condos are within the Indian River Plantation are of South Hutchinson Island which is the finest resort community in Martin County/Stuart FL. 

Plantation House Condos on Hutchinson IslandThe Plantation House was built in 1979 and has 39 2 bedroom, 2 bathroom condos that range in size from 1249 sq. ft. of living area up to 1393 sq. ft.  All units have Ocean Views.   There’s an Oceanside pool as well as under building parking and some free standing garages that come with the Plantation House condos.

Plantation House Condos on Hutchinson Island

Current condo and management fees are around $567 per month. 

Plantation House Condos on Hutchinson Island

Indian River Plantation amenities include a golf course, full service marina, tennis courts, tiki bar and shuttle service around the complex and to the Hutchinson Island Marriott resort facilities.

Click here to view available Plantation House condos for Sale

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Other Indian River Plantation Condos you may wish to consider: 
Bayview, Beachwalk, Dunes Club, Fairway Villas, Inlet Village, Lakeside, Ocean House, Ocean Terrace, Plantation Club Villas, Resort Villas, River Village, Riverbend, Riverwood, Tennis Villas

Stuart Florida Real Estate
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Plantation House Condos Indian River Plantation December 2014 Market Update

 

 

 

Plantation Club Villas Indian River Plantation December 2014 Market Update

12.04.14 by

Plantation Club Villas Indian River Plantation December 2014 Market Update

There are currently three active listings in the Plantation Club Villas of Hutchinson Island.  Prices range from $248,900 up to $325,000.  The average list price is $279,633 or $217.35 per sq. ft. of living area.

There are no currently pending sales in the Plantation Club Villas.

Only 1 condo sold in the Plantation Club Villas in the past 12 months.  The sales price was $190,000 which is $156.64 per sq. ft. of living area.  The days on market was 60.

    

The Plantation Club Villas condos of Hutchinson Island in the Indian River Plantation complex of Stuart FL lie next to the pro shop for the golf course.  These units were built in 1987 and most have views of lakes, golf course or private preserves. 

Plantation Club Villas on Hutchinson IslandThere are 48 two bedroom two bath condos ranging in size from 1,188 sq. ft. of living area up to 1,430 sq. ft.  The Plantation Club Villas is a four story elevator building and has the convenience of under building parking for residents.

Plantation Club Villas on Hutchinson Island

Current condo and management fees are around $367 per month. 

Plantation Club Villas on Hutchinson IslandIndian River Plantation amenities include a golf course, full service marina, tennis courts, tiki bar and shuttle service around the complex and to the Hutchinson Island Marriott resort facilities.

Plantation Club Villas on Hutchinson Island

Click here to view available Plantation Club Villas for Sale

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Other Indian River Plantation Condos you may wish to consider: 
Bayview, Beachwalk, Dunes Club, Fairway Villas, Inlet Village, Lakeside, Ocean House, Ocean Terrace, Plantation House, Resort Villas,River Village, Riverbend, Riverwood, Tennis Villas

Stuart Florida Real Estate
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Plantation Club Villas Indian River Plantation December 2014 Market Update

 

 

TREASURE COAST CHRISTMAS PARADES 2014

12.04.14 by

TREASURE COAST CHRISTMAS PARADES 2014

 Here are the currently scheduled Treasure Coast Christmas Parades for 2014. 

FRIDAY, Dec 5:

Stuart Christmas Parade: 7 p.m.; starts at Georgia Avenue, along East Ocean Boulevard to Monterey Road. 

Vero Beach Boat Parade: 6:30 p.m.; starts at the north side of Barber Bridge. Viewing stations include the Barber Bridge and Royal Palm Pointe on the west side of the Indian River Lagoon. 

SATURDAY , Dec 6:

Hobe Sound Christmas Parade: 1 p.m.; starts south of Olympus Street and State Road A1A, ends at Bridge Road and Hercules Avenue. Art Stroll from 10 a.m. to 3 p.m. next to Taste, 11750 S.E. Bridge Road, Hobe Sound. 

Indiantown Christmas Parade: 5:30 p.m.; starts near Big Mound Park, ends at Post Family Park. 

Sebastian Christmas Parade: 6 p.m.; starts on Main Street, along Indian River Drive to Riverview Park. 

Vero Beach Christmas Parade: 6 p.m.; starts on Flamevine Lane, along Ocean Drive to Jaycee Park. 

Port St. Lucie Christmas Parade: 6 p.m.; starts at the Civic Center, along Civic Center Place; Festival of Lights from noon to 10 p.m. at Village Square at the Civic Center.

Martin County Boat Parade: 6 p.m.; starts by Wahoos, 915 N.W. Flagler Ave., Stuart; viewing stations include Sandsprit Park, 3343 S.E. St. Lucie Blvd.; anywhere along the Manatee Pocket. 

SUNDAY, Dec 7

Fort Pierce Christmas Parade: 4:30 p.m.; starts at Moore’s Creek Bridge, ends at the Community Center; Christmas festival from 1 to 4 p.m. on Orange Avenue and Second Street. 

SATURDAY, Dec. 13 

Fort Pierce Boat Parade: 6 p.m.; Festival starts at the South Causeway at 4 p.m., with the parade following at the City Marina, 1 Avenue A. Viewing stations include South Causeway Park, Public Beach, Harbor Cove, Chuck’s Seafood, On the Edge, the Tiki, Cobb’s Landing or any waterfront restaurant in the area. 

SUNDAY, Dec. 14 

Jupiter Christmas Parade: 1 p.m.; parade begins on Alternate A1A and Center Street (in Jupiter) and proceeds north on Alternate A1A to Bridge Road (in Tequesta).

TREASURE COAST CHRISTMAS PARADES 2014

Beachwalk Condos Indian River Plantation December 2014 Market Update

12.03.14 by

Beachwalk Condos Indian River Plantation December 2014 Market Update

There are three active listings for sale in Beachwalk ranging in price from $299,000 up to $320,000.  The average list price is $312,771 for an average of $235.94 per sq. ft. of living area.

There is 1 pending sale in Beachwalk with a listed price of $295,000. This equals $203.31 per sq. ft. of living area.

Only 1 condo sold in Beachwalk in the past 12 months.  The sales price was $280,000 which is $223.46 per sq. ft. of living area, after 40 days on the market.Beachwalk in Indian River PlantationBeachwalk in Indian River Plantation is a condo complex with 56 2 bedroom, 2 bathroom condos of either 1,253 or 1,274 sq. ft. of living area. The Beachwalk complex was built in 1993 making it one of the newer areas of Indian River Plantation on Hutchinson Island.

Beachwalk in Indian River Plantation
Beachwalk is only steps away from the beach, tennis courts, and golf course that are available through the Marriott at Hutchinson Island resort beach club. Enjoy evening cocktails and a snack at the Tiki Bar by the beach or take the free tram to the Marriott Hotel for a great meal any time of the day.

Beachwalk in Indian River Plantation
All condos in Beachwalk offer a split plan with two master suites each with their own bath. This is a pet friendly community with some buildings allowing up to 2 large pets. Management and Condo fees were around $520 per month at the time of this writing. One assigned parking spot is provided plus extra guest spaces are available for all residents.

Beachwalk in Indian River Plantation
Enjoy true resort style luxury living without having to pay luxury prices at the Beachwalk in Indian River Plantation.

 

Click here to search for available Beachwalk Condos for Sale

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Additional Indian River Plantation Condos you may wish to consider: 
Bayview – Dunes Club – Fairway Villas – Inlet Village – Lakeside – Ocean House – Ocean Terrace – Plantation Club Villas – Plantation House – Resort Villas – River Village – Riverbend – Riverwood – Tennis Villas

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Beachwalk Condos Indian River Plantation December 2014 Market Update

 

October 2014 Monthly Market Detail Martin County Townhouses and Condos

11.29.14 by

October 2014 Monthly Market Detail Martin County Townhouses and Condos

October 2014 Monthly Market Detail Martin County Townhouses and Condos showed another month of strong gains.  Compared to the Florida state activity, Martin County is outperforming the average in activity and price  Year to year closed sales were up by 14% (was up by 22.2% in September) as well as new sales under contract (new pending sales) rose by 36.6% from October 2013 (was up by 44% in September). 

The median sales price jumped by 49.8% (was down by 1% in September) while the average sales price rose by 43.5% (was down by 0.4% in September) as compared to October of 2013.  We had some small decreases in September, but for October we are seeing some exceptional value increases.

 The inventory of available townhouses and condos has decreased by 27 units to 487 properties from last month which is also 20.8% less inventory than was available in October of 2013.   This represents a 4.7 month supply of inventory (a 20.5% decrease from last year).  A sellers market for townhouses and condos in Martin County for October 2014.

October 2014 Monthly Market Detail Martin County Townhouses and Condos

 

 Click here to view or download the full report:  October 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.

October 2014 Monthly Market Detail Martin County Townhouses and Condos

October 2014 Monthly Market Detail Martin County Single Family Homes

11.28.14 by

October 2014 Monthly Market Detail Martin County Single Family Homes

The October 2014 Monthly Market Detail Martin County Single Family Homes showed a continued strong market with activity significantly outpacing the average for the state of Florida.  Year to year closed sales were up by 23.3% (was up 23.3% in September). New pending sales increased by 4.6% as compared to October of 2013 (increased by 14.1% in September). 

The median sales price was up by 2.6% from last year (up by 4% in September) while the average price increased by 26.8% (was down by .5% last month).  Some considerably better appreciation this month compared to September.

The inventory of available single family homes increased from September 2014 by 24 homes to 1,253 units this month, and is a 2.5% increase from last October.  Current supply of inventory increased to 6.1 months from last month’s  6.0 (a 10% decrease from last year).  Currently, Martin County has a balanced market for single family home sales.

October 2014 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:  October 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.

October 2014 Monthly Market Detail Martin County Single Family Homes

Pinecrest Lakes Pool Home Sold

11.28.14 by

Pinecrest Lakes Pool Home Sold

 

Pinecrest Lakes Pool Home

330 NE Town Terrace in Pinecrest Lakes of Jensen Beach has sold.  Very happy relocation buyers have just moved into their new home in Jensen Beach after some extensive searches for the perfect home with the assistance of the Gabe Sanders BlueWater realty team!

Pinecrest Lakes Pool Home

Discover the American dream home. This two story home in the Town Terrace community of Jensen Beach, adjacent to Pinecrest Lakes impresses everyone with a gorgeous front porch and swing. The newer kitchen is extremely spacious with pass thru to your screen enclosed patio and oversized pool. Hickory wood floors throughout make this home so inviting. There’s plenty of room for RV and/or boat parking on the side of the home. This Jensen Beach home has new windows and also comes with concrete hardiplank siding on the exterior. Located on a near perfect location at the end of the street on a cul-de-sac. There’s community tennis courts and a park just short walk away. Come fall in love with this true dream home.

Pinecrest Lakes Pool Home

Pinecrest Lakes in Jensen Beach, Florida was first developed in the late 70’s and early 80’s during a time when the Martin County Commissioners were notoriously stringent and restrictive about new developments in the area.  Consequently this community has a distinctive feel and flavor.  All homes are on at least a 1/2 acre lot with many on larger 1 to 2 acre lots.  None of the homes are identical and all types of construction and paint schemes are allowed.

Pinecrest Lakes Pool Home

Pinecrest Lakes is located in Martin County’s “A” rated school district.  The local public elementary school, Jensen Beach Elementary School, is less than a mile away, within easy walking and biking distance for students.  Students also attend Stuart Middle School in Stuart and Jensen Beach High School located approximately 1 mile northwest of the community on NE Jensen Beach Boulevard.

Pinecrest Lakes Pool Home

Pinecrest Lakes Pool Home

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Pinecrest Lakes Pool Home Sold

October 2014 Monthly Market Detail Florida Townhouses and Condos

11.27.14 by

October 2014 Monthly Market Detail Florida Townhouses and Condos

For the October 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida there’s continued growth though at a slower pace than the past year.  Year to year closed sales were up by 7.4% as compared to last months increase of 2.2% and new sales under contract (new pending sales) decreased by 3.3% (September’s decrease was 1.2%).

Both median and average sales prices were up (year to year) by 7.7% and 10.3% respectively (in September they were up by 9.8% and 12%). These fairly large increases can be a mixed blessing as too fast of a rate of appreciation can price many potential buyers out of the market.

Inventory rose for the thirteenth month in a row, by 3.4% (was up by 5.3% in September).  The October 2014 numbers show a continuation of a good strong healthy market for townhouses and condos and is currently a balanced market as there is a 5.9 months supply of inventory (was 5.8 months in September) which is up 6% from last year.  A 6 months inventory supply is considered a balanced market.

October 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:  October 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.

October 2014 Monthly Market Detail Florida Townhouses and Condos

October 2014 Monthly Market Detail Florida Single Family Homes

11.26.14 by

October 2014 Monthly Market Detail Florida Single Family Homes

The October 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed continued improvement for the single family real estate market.  Year to year closed sales were up by 17.8% (was up by 13.5% in September) and new sales under contract (new pending sales) increased by 4.7% (was up by 10.6% in September).

Both median and average sales prices continue to rise ( October 2013 to October 2014) by 4.6% and 6.1% respectively, compared to September’s 5.9% and 4%.   Slow and steady appreciation is a sign of a stable and growing real estate market.

The inventory of available homes for sale rose by 4.2% from last year.  This is now a full thirteen months of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  This increase in inventory makes for greater choices and more price competition among sellers. With only a 5.4 months supply of inventory, this is a healthy market with a slight edge to sellers. (October of 2013 had a 5.5 month supply)

October 2014 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:
October 2014 Monthly Market Detail Florida 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.

October 2014 Monthly Market Detail Florida Single Family Homes

Hobe Sound FL 33455 Condo Market Report October 2014

11.25.14 by

Hobe Sound FL 33455 Condo Market Report October 2014

 

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

 

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

 

There are currently 19 active condo listings. (Down by 5 condo from September)

Hobe Sound FL 33455 Condo Market Report October 2014

5 Condo sale is pending and awaiting close. (Up by 4 condos from September)

Hobe Sound FL 33455 Condo Market Report October 2014 

1 Condos sold in September (Decreased from 2 sales in September)

Hobe Sound FL 33455 Condo Market Report October 2014

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory is down to only 15 condos for sale in all of Hobe Sound.  Pending sales were up for October after being zero in September.  Though, only 1 closed sale last month.

The current absorption rate is 15 months (Last month it was 9.5 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 October 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 October 2013 numbers were: 15 active listings, 4 pending sales and 1 closed sales. Almost identical to last year’s activity.

Hobe Sound FL 33455 Condo Market Report October 2014

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Hobe Sound FL 33455 Condo Market Report October 2014

 

Jensen Beach FL 34957 Condo Market Report October 2014

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Jensen Beach FL 34957 Condo Market Report October 2014

 

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

 

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



There are currently 33 active listings. (Down by 1 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2014

14 Condo sales are pending and awaiting close or lender approval. (Increased by 6 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2014

3 Condos Sold (Down by 7 condo from September)

Jensen Beach FL 34957 Condo Market Report October 2014

 The Jensen Beach FL 34957 Condo Market Report October 2014 remains a small sector as far as condos in Martin County.  Unfortunately closed sales were down this month after a very good month in September.  Pending sales increased though, which is a good sign for future activity.

The one month absorption rate for the October 2014, Jensen Beach Florida Market Report ZIP Code 34957 rose to 11 months (3.4 months in September), now a strong sellers market after a couple of weak summer months.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The October 2013 numbers were: 36 active listings, 13 pending sales and 7 condos closed.   Slightly better activity last year, but with such a small number it’s difficult to draw meaningful comparisons.

Jensen Beach FL 34957 Condo Market Report October 2014

 

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Jensen Beach FL 34957 Condo Market Report October 2014

Palm City FL 34990 Condo Market Report October 2014

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Palm City FL 34990 Condo Market Report October 2014

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

 

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



There are currently 58 active condo listings. (Down by 2 condos from September)

Palm City FL 34990 Condo Market Report October 2014

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

Palm City FL 34990 Condo Market Report October 2014

3 Condos Sold in October. (Up by 3 condos from September)

Palm City FL 34990 Condo Market Report October 2014 

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  After zero sales in September, there was a nice little rebound for this month with 3 closed sales along with an increase in pending sales.

The current absorption rate for condos in the 34990 zip code area is 19.3 months (was 15 months in August).   A good time to buy if one is interested in the his area.  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 October 2013 numbers were: 59 active listings, 6 pending sales and 4 closed sales.   Very similar activity when compared to last year.
Palm City FL 34990 Condo Market Report October 2014 
 

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Palm City FL 34990 Condo Market Report October 2014

Stuart Florida Market Report ZIP Code 34994 Residential October 2014

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Stuart Florida Market Report ZIP Code 34994 Residential October 2014

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

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

 

There are currently 70 active listings (Up 8 from September)

Stuart Florida Market Report ZIP Code 34994 Residential October 2014

 

36 Residential sales are pending and awaiting close or lender approval (Down by 4 from September).

Stuart Florida Market Report ZIP Code 34994 Residential October 2014 

8 Homes Sold in September (Decreased by 5 homes from September)


Stuart Florida Market Report ZIP Code 34994 Residential October 2014

 

The 34994 ZIP code area of the Stuart, Florida retreated some more in activity as compared to the past few months.  This is fairly common for this time of the year in the Stuart FL real estate market.  Inventory was up and both closed and pending sales were off for the month.

The one month absorption rate for the 34994 zip code for October decreased to 8.8 months from last months 4.8 months.  shifting back into a buyers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage. 

The October 2013 numbers were 62 Active Listings, 48 pending sales and 8 closed sales.   Closed sales were equal to last year.  Unfortunately pending sales are lower this year which will not be good for future closed sales.  Inventory is up slightly.

 Stuart Florida Market Report ZIP Code 34994 Residential October 2014

 

 

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Stuart Florida Market Report ZIP Code 34994 Residential October 2014