Palm City FL 34990 Condo Market Report September 2014

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

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

There are currently 60 active condo listings. (Up by 1 condo from August)

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

0 Condos Sold in September. (Down by 4 condos from August)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Unfortunately it is having a difficult time at present and the past few months. There were no closed sales this month and only 2 condos are pending. It looks like it will be some time before we see an improvement for the Palm City condo market.

The current absorption rate for condos in the 34990 zip code area can’t be determined with zero sales (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 September 2013 numbers were: 55 active listings, 8 pending sales and 5 closed sales. One of our few areas with activity levels below that of last year.

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Palm City FL 34990 Condo Market Report September 2014

Stuart FL 34994 Residential Market Report September 2014

10.08.14 by Gabe Sanders

Stuart FL 34994 Residential Market Report September 2014

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

For September 2013 in the 34994 Zip Code area of Stuart, Florida:

There are currently 62 active listings (Decreased by 5 homes from August)

40 Residential sales are pending and awaiting close or lender approval (Up by 1 homes from August).

13 Homes Sold in September (Increased by 3 homes from August)

September activity for the 34994 ZIP code area of the Stuart, Florida showed improved market activity across the board during a typically slow time of the year. Both closed and pending sales activity improved. Unfortunately the available inventory of active listings continues to decrease.

The one month absorption rate for the 34994 zip code for September decreased to 4.8 months from last months 6.7 months. For September we are back into a sellers market. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The September 2013 numbers were 62 Active Listings, 36 pending sales and 9 closed sales. Better activity for 2014 when compared to last year.

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Stuart Florida Market Report ZIP Code 34994 Residential September 2014

August 2014 Monthly Market Detail Martin County Townhouses and Condos

09.27.14 by Gabe Sanders

August 2014 Monthly Market Detail Martin County Townhouses and Condos

August 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. Year to year closed sales were up by 11.8% (was unchanged in July) as well as new sales under contract (new pending sales) rose by 31.3% from August 2013 (was unchanged in July).

The median sales price increased by 2.3% (was down by 10.5% in July) while the average sales price increased by 11.7% (was down 7.4% in July) as compared to August of 2013. Following two months of decreasing or steady prices, it appears that gains are once again present.

The inventory of available townhouses and condos has decreased by 19 to 515 units from last month which is also 6.2% less inventory than was available in August of 2013. The current supply of inventory is 5.1 months (a 6% decrease from last year). A buyers market for townhouses and condos in Martin County with a continuing decrease of units for sale.

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

August 2014 Monthly Market Detail Martin County Townhouses and Condos

August 2014 Monthly Market Detail Martin County Single Family Homes

09.26.14 by Gabe Sanders

August 2014 Monthly Market Detail Martin County Single Family Homes

The August 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 22.1% (was up 19.5% in July). New pending sales increased by % as compared to August of 2013 (increased by 21.1% in July).

The median sales price was down by.3% from last year (up by 2.2% in July) while the average price decreased by 6.8% (was down by 2.9% last month). These decreasing (or fairly steady) prices are one reason for the active market in Marin County.

The inventory of available single family homes decreased from July 2014 by 6 homes to 1,288 units this month, this still represents an 18.5% increase from last August. Current supply of inventory decreased to 6.4 months from last month’s 6.6 (a 4.2% increase from last year). Currently, Martin County has a balanced market for single family home sales.

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

August 2014 Monthly Market Detail Martin County Single Family Homes

August 2014 Monthly Market Detail Florida Townhouses and Condos

09.25.14 by Gabe Sanders

August 2014 Monthly Market Detail Florida Townhouses and Condos

For the August 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida we’re seeing some disappointing numbers as compared to last year. But, this is still an active market, just not as robust as it was last August. Year to year closed sales were off by 8.8% as compared to last months decrease of 6.7% and new sales under contract (new pending sales) decreased by 13.1% (July’s decrease was 13.9%).

Both median and average sales prices were up (year to year) by 3.8% and .5% respectively (in July it was 7.4% and 2.6%). Prices rose very rapidly last year and continue to go up this year though at a much more sustainable rate. The reduced rate of appreciation should bring some more skittish buyers back into the market.

Inventory rose for the eleventh month in a row, by 8.9% (was up by 10.9% in July). While the August 2014 numbers show a marked decrease in activity levels this is still a seller’s market as there is currently a 5.7 months supply of inventory (was 5.7 months in July) which is up 10.9% from last year. A 6 months inventory supply is considered a balanced market.

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: August 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.

August 2014 Monthly Market Detail Florida Townhouses and Condos

August 2014 Monthly Market Detail Florida Single Family Homes

09.24.14 by Gabe Sanders

August 2014 Monthly Market Detail Florida Single Family Homes

The August 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors continues to improve though at a much reduced rate from last year. Year to year closed sales were up by 4.2% (was up by 5% in July) and new sales under contract (new pending sales) increased by 3% (was up by 2.3% in July).

Both median and average sales prices continue to rise ( August 2013 to August 2014) by 3.4% and 4.3% respectively, compared to July’s 3.6% and 4.1%. A much more reasonable rate of appreciation than last year’s large double digit rises.

The inventory of available homes for sale rose by 13% from last year. This is now the eleventh month 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 5.5 months supply of inventory, this is a healthy market with a slight edge to sellers. (August of 2013 had a 5.1 month supply)

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

August 2014 Monthly Market Detail Florida Single Family Homes

Hobe Sound FL 33455 Condo Market Report August 2014

09.23.14 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report August 2014

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

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

There are currently 18 active condo listings. (Up by 1 condo from July)

1 Condo sale is pending and awaiting close. (Down 3 condos from July)

2 Condos sold in July (Unchanged from July)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Unfortunately with only 1 pending sale, future activity could be quite weak. No change in closed sales for August.

The current absorption rate is 9 months (Last month it was 8.5 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 August 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 August 2013 numbers were: 14 active listings, 8 pending sales and 1 closed sales. Pending sales were considerably stronger last year with a smaller inventory.

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Hobe Sound FL 33455 Condo Market Report August 2014

Jensen Beach FL 34957 Condo Market Report August 2014

09.21.14 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report August 2014

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

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

There are currently 26 active listings. (Down 4 condos from July)

16 Condo sales are pending and awaiting close or lender approval. (Increased by 3 condos from July)

3 Condos Sold (Up by 1 condo from July)

The Jensen Beach FL 34957 Condo Market Report August 2014 remains a small sector as far as condos in Martin County. After a couple of months of inventory gains, the trend stopped with the third month of decreasing inventory in August. Pending sales increased by 3 condos and closed sales were up by 1. The increase in pending sales should result in some additional closed sales in the near future.

The one month absorption rate for the August 2014, Jensen Beach Florida Market Report ZIP Code 34957 decreased to 8.7 months (30 months in July), still a buyers market after an exceptionally active spring. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The August 2013 numbers were: 30 active listings, 17 pending sales and 12 condos closed. It was a much stronger market for Jensen Beach condos in 2013.

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Jensen Beach FL 34957 Condo Market Report August 2014

Palm City FL 34990 Condo Market Report August 2014

09.19.14 by Gabe Sanders

Palm City FL 34990 Condo Market Report August 2014

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

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

There are currently 60 active condo listings. (Up by 1 condo from July)

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

4 Condos Sold in August. (Up by 3 condos from July)

The Palm City FL 34990 condo real estate market is a fairly small segment. There was a nice increase in closed sales for August while the inventory was basically unchanged along with a drop in pending sales.

The current absorption rate for condos in the 34990 zip code area decreased to 15 months (was 59 months in July). Still a strong buyers market. 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 August 2013 numbers were: 53 active listings, 10 pending sales and 0 closed sales. Better activity this year with the exception of the pending numbers, which is not a good indicator for future activity.

Palm City FL 34990 Condo Market Report August 2014

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Palm City FL 34990 Condo Market Report August 2014

Martin County Emergency Notification System – CodeRED

09.18.14 by Gabe Sanders

Martin County Emergency Notification System – CodeRED

Martin County residents have a new way of being notified of any emergencies in the area named Code Red.

Here’s the information from the Martin County web site:

NEW EMERGENCY NOTIFICATION SYSTEM AVAILABLE TO THE PUBLIC

Martin County Fire Rescue is excited to announce a new public Emergency Notification system, called CodeRED. This allows Emergency Management personnel to send Public Safety messages, evacuation notices, and other timely warnings, by phone, text, and/or email. Citizens and businesses are encouraged to use a new Community Signup feature where they are able to associate landline phones, cellular phones, and email addresses with a Martin County street address. CodeRED allows notifications as broad as all-county, and as narrow as targeted evacuation zones, or small neighborhoods threatened by wildfire, flooding and other public safety emergencies.

FREE WEATHER WARNINGS

Another feature of the CodeRED system is localized weather warnings. Citizens and businesses opting into the system can receive severe weather and tornado warnings when issued by the National Weather Service affecting portions of Martin County. With Weather Warnings, the public can receive timely information regarding these threats and react with protective actions, such as going indoors, sheltering, etc. Signing up for the warnings is as easy as a few mouse clicks and the warnings are automatically generated.

To sign up for CodeRED notifications and allow phone, text, or email information for delivery of important Public Safety messages and/or severe weather warnings, click here to see terms and conditions, and to complete your signup.

FREQUENTLY ASKED QUESTIONS FOR CodeRED

SIGN UP HERE

Martin County Emergency Notification System – CodeRED

Stuart FL 34994 Residential Market Report August 2014

09.12.14 by Gabe Sanders

Stuart FL 34994 Residential Market Report August 2014

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

For August 2013 in the 34994 Zip Code area of Stuart, Florida:

There are currently 67 active listings (Decreased by 6 homes from July)

39 Residential sales are pending and awaiting close or lender approval (Up by 5 homes from July).

10 Homes Sold in August (Decreased by 5 homes from July)

August activity for the 34994 ZIP code area of the Stuart, Florida had a decrease in closed sales for August. There was also a decrease in available inventory of homes for sale. The one positive note is the increase in pending sales. A sign for better activity in the near future.

The one month absorption rate for the 34994 zip code for August decreased to 6.7 months from last months 4.9 months. For August we are back into a balanced market. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The August 2013 numbers were 59 Active Listings, 33 pending sales and 8 closed sales. Considerably improved activity for this year.

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Stuart Florida Market Report ZIP Code 34994 Residential August 2014

South Fork Estates Market Update for September 2014

09.09.14 by Gabe Sanders

South Fork Estates Market Update for September 2014

There are currently two homes for sale in South Fork Estates in Stuart FL. The listing prices are $339,900 and $349,000 which equate to $170.98 per sq. ft. of living area.

There is one home under contract. The list price was $319,900 which is equal to $142.24 per sq. ft. of living area. This is a conventional sale.

In the past 12 months, there have been 2 sales in South Fork Estates. Sales prices ranged from $275,000 to $299,900. The average sales price per square foot of living area was $140.52 and this represents an 89% sales to list price ratio. Neither of these sales were distressed properties.

A unique private community in Stuart, Florida built before land was so expensive that homes had to be placed on top of each other. All home in South Fork Estates are on 1/2 acre or larger lots, many with serene views of two large lakes located within this community. Those homes not on the lakes have private preserve views of the Atlantic Ridge.

There are 114 homes in South Fork Estates. Homes were built from 1992 through as late as 2011. The majority of the homes are in the 1998 through 2005 years. Most homes are either 3 or 4 bedrooms with 2 and 3 car garages, ranging in size from around 2,000 sq. ft. of living area to over 3,500. There are still a few residential lots that are vacant awaiting a home.

This is a close-knit community with a playground as well as a boat and RV storage area. Low Homeowners’ association fees of under $50 per month at the time of this writing.

Children living in South Fork Estates attend Crystal Lake Elementary, David L Anderson Middle and South Fork High Schools.

Located just off Cove Rd. and Kanner Highways, this community is just minutes from I-95 for commuters. Shopping and medical facilities are also close by. And, there are numerous choices for boating access also only a short ride away.

One of the hidden gems of the Stuart area, South Fork Estates id a great community to call home.

Here are the currently available homes for sale in South Fork Estates

South Fork Estates Market Update for September 2014

September 2014 Market Update for Martins Crossing

09.08.14 by Gabe Sanders

September 2014 Market Update for Martins Crossing

There are currently 10 homes for sale in Martins Crossing. Prices range from $158,000 to $379,000 for an average list price of $277,508 which is $122.03 per sq. ft. of living area. None of the current listings are short sales or bank owned foreclosures.

There are nine homes under contract. List prices range from $140,000 to $314,900 for an average of $208,155 at $110.71 per sq. ft. of living area. Of these pending sales, one is a short sale.

In the past twelve months,31 homes have sold in Martins Crossing. Sales prices ranged from $125,000 to $308,500 for an average of $209,900 which equates to $100.71 per sq. ft. of living area at a 96% sales to list price ratio. Of these sales 6 were short sales and six were bank owned foreclosures.

Located in the intimate, yet vibrant, city of Stuart near a variety of fine restaurants, cultural outlets and shopping. September 2014 Market Update for Martins Crossing, boasts of 596 residences with a stunning variety of single family homes and a section of private town homes. This family friendly community was completed around 2006 with mostly newer homes.

September 2014 Market Update for Martins Crossing community amenities include lush landscaping and with private preserve views, The Martins Crossing Clubhouse has a sparkling resort style pool, and over sized deck, tennis courts and a playful tot lot all nearby.

September 2014 Market Update for Martins Crossing is conveniently located by Kanner Hwy. and Pomeroy Street for easy access to Historic Downtown Stuart, the beaches and waterways of Martin County, restaurants, shopping and quick access to I-95. All this in a wonderful ‘A’ rated school system.

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September 2014 Market Update for Martins Crossing

July 2014 Monthly Market Detail Martin County Townhouses and Condos

08.27.14 by Gabe Sanders

July 2014 Monthly Market Detail Martin County Townhouses and Condos

July 2014 Monthly Market Detail Martin County Townhouses and Condos was basically flat in terms of activity as compared to last year. Year to year closed sales were unchanged (was up by 11.5% in June) as well as new sales under contract (new pending sales) also unchanged from July 2013 (was down 19.4% in June).

The median sales price decreased by 10.5% (was up by 3.1% in June) while the average sales price decreased by 7.4% (was down 4.9% in June) as compared to July of 2013. After nearly a year of pretty impressive price rises, values were off for the third month in a row indicating some weakness in this sector of the Martin County real estate market.

The inventory of available townhouses and condos has decreased by 24 to 534 units from last month which is also 3.4% less inventory than was available in July of 2013. The current supply of inventory is 5.3 months (a 3.4% decrease from last year). While we are still in a seller’s market for condos and townhomes, the decreasing inventory as well as flat sales activity and value drops are of concern.

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

July 2014 Monthly Market Detail Martin County Townhouses and Condos

July 2014 Monthly Market Detail Martin County Single Family Homes

08.26.14 by Gabe Sanders

July 2014 Monthly Market Detail Martin County Single Family Homes

The July 2014 Monthly Market Detail Martin County Single Family Homes showed continued strong market activity. Martin County single family home sales exceeded the average in the state and continues to show excellent strength. Year to year closed sales were up by 19.5% (was up only 19.6% in June). New pending sales increased by 21.1% as compared to July of 2013 (increased by 15.7% in June). This continues strong trend that was not present at the beginning of the year.

The median sales price was up by 2.2% from last year (up by 13.7% in June) while the average price decreased by 2.9% (was up by 9.2% last month). A moderating of price increases is a positive for future sales, keeping the rate of increase lower makes homes more affordable.

The inventory of available single family homes decreased from June 2014 by 97 homes to 1,294 units this month, this still represents a 20.6% increase from last July. Current supply of inventory decreased to 6.6 months from last month’s 7.2 (a 7.8% increase from last year). This market is in a slight advantage for buyers.

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

July 2014 Monthly Market Detail Martin County Single Family Homes

July 2014 Monthly Market Detail Florida Townhouses and Condos

08.25.14 by Gabe Sanders

July 2014 Monthly Market Detail Florida Townhouses and Condos

For the July 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida showed less activity as compared to last year as well as last month. Year to year closed sales were off by 6.7% as compared to last months increase of 3.1% and new sales under contract (new pending sales) decreased by 13.9% (June’s decrease was 9%).

Both median and average sales prices were up (year to year) by 7.4% and 2.6% respectively (in June it was 8.5% and 5.8%). Prices rose very rapidly last year and continue to go up this year at a reduced pace. One reason for the reduced activity is the fact that these properties are considerably more expensive than they have been in the recent past.

Inventory rose for the tenth month in a row, by 10.9% (was up by 13.4% in June). While the July 2014 numbers show a marked decrease in activity levels this is still a seller’s market as there is currently a 5.7 months supply of inventory (was 5.8 months in June) which is up 11.2% from last year. A 6 months inventory supply is considered a balanced market.

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: July 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.

July 2014 Monthly Market Detail Florida Townhouses and Condos

July 2014 Monthly Market Detail Florida Single Family Homes

08.24.14 by Gabe Sanders

July 2014 Monthly Market Detail Florida Single Family Homes

The July 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors continues with improving market results, though at a bit of a slower rate than last month. Year to year closed sales were up by 5% (was up by 14.6% in June) and new sales under contract (new pending sales) increased by 2,3% (was down by 4.1% in June).

Both median and average sales prices continue to rise ( July 2013 to July 2014) by 3.6% and 4.1% respectively, compared to June’s 5.2% and 4.2%. While still positive numbers, the rate of appreciation appears to be slowing.

The inventory of available homes for sale rose by 17.5% from last year. This is now the tenth month 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 5.5 months supply of inventory, this is a healthy market with a slight edge to sellers. (2013 had a 5.0 month supply)

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

July 2014 Monthly Market Detail Florida Single Family Homes

Hobe Sound FL 33455 Condo Market Report July 2014

08.23.14 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report July 2014

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

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

There are currently 17 active condo listings. (Down by 1 condo from June)

4 Condo sales are pending and awaiting close. (No change from June)

2 Condos sold in June (Unchanged from June)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Now only 17 available condos listed and both pending and closed sales were steady at two condos apiece.

The current absorption rate is 8.5 months (Last month it was 9 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 July 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 July 2013 numbers were: 16 active listings, 10 pending sales and 5 closed sales. Unfortunately, this years activity is considerably worse than last year.

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Hobe Sound FL 33455 Condo Market Report July 2014

Jensen Beach FL 34957 Condo Market Report July 2014

08.21.14 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report July 2014

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

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

There are currently 30 active listings. (Down 1 condo from June)

13 Condo sales are pending and awaiting close or lender approval. (Increased by 3 condos from June)

1 Condos Sold (Down by 2 condos from June)

The Jensen Beach FL 34957 Condo Market Report July 2014 remains a small sector as far as condos in Martin County. After a couple of months of inventory gains, the trend stopped in June’s and available condos for sale remained unchanged for the month and dropped by one for July. Pending sales increased by 3 condos and closed sales were off to only 1. The increase in pending sales should result in some additional closed sales in the near future.

The one month absorption rate for the July 2014, Jensen Beach Florida Market Report ZIP Code 34957 rose to 30 months (10.3 months in June), back into a buyers market after an exceptionally active spring. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The July 2013 numbers were: 31 active listings, 19 pending sales and 9 condos closed. Pretty dismal July 2014 when compared to last year.

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Jensen Beach FL 34957 Condo Market Report July 2014

Palm City FL 34990 Condo Market Report July 2014

08.19.14 by Gabe Sanders

Palm City FL 34990 Condo Market Report July 2014

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

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

There are currently 59 active condo listings. (Up by 3 condos from June)

6 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from last month)

1 Condos Sold in July. (Down by 2 condos from June)

The Palm City FL 34990 condo real estate market continues to struggle with weak numbers. The inventory rose again while closed sales declined to a single sale for July. Pending sales improved by one unit, though it’s still a anemic number. The Palm City condo market is quite small and inferences into the more general condo market should not be made.

The current absorption rate for condos in the 34990 zip code area rose to 59 months (was 18.7 months in June). A strong buyers market. 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 July 2013 numbers were: 54 active listings, 9 pending sales and 6 closed sales. Considerably better activity in 2013 as compared to this July.

Palm City FL 34990 Condo Market Report July 2014

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772-763-8506

Palm City FL 34990 Condo Market Report September 2014

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

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Palm City FL 34990 Condo Market Report September 2014

Stuart FL 34994 Residential Market Report September 2014

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

Search below for Stuart Florida Real Estate for Sale

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Stuart Florida Market Report ZIP Code 34994 Residential September 2014

August 2014 Monthly Market Detail Martin County Townhouses and Condos

August 2014 Monthly Market Detail Martin County Townhouses and Condos

August 2014 Monthly Market Detail Martin County Single Family Homes

August 2014 Monthly Market Detail Martin County Single Family Homes

August 2014 Monthly Market Detail Florida Townhouses and Condos

August 2014 Monthly Market Detail Florida Townhouses and Condos

August 2014 Monthly Market Detail Florida Single Family Homes

August 2014 Monthly Market Detail Florida Single Family Homes

Hobe Sound FL 33455 Condo Market Report August 2014

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

Hobe Sound FL 33455 Condo Market Report August 2014

Jensen Beach FL 34957 Condo Market Report August 2014

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

Jensen Beach FL 34957 Condo Market Report August 2014

Palm City FL 34990 Condo Market Report August 2014

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

Palm City FL 34990 Condo Market Report August 2014

Martin County Emergency Notification System – CodeRED

Martin County Emergency Notification System – CodeRED

Stuart FL 34994 Residential Market Report August 2014

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

Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential August 2014

South Fork Estates Market Update for September 2014

South Fork Estates Market Update for September 2014

September 2014 Market Update for Martins Crossing

September 2014 Market Update for Martins Crossing

July 2014 Monthly Market Detail Martin County Townhouses and Condos

July 2014 Monthly Market Detail Martin County Townhouses and Condos

July 2014 Monthly Market Detail Martin County Single Family Homes

July 2014 Monthly Market Detail Martin County Single Family Homes

July 2014 Monthly Market Detail Florida Townhouses and Condos

July 2014 Monthly Market Detail Florida Townhouses and Condos

July 2014 Monthly Market Detail Florida Single Family Homes

July 2014 Monthly Market Detail Florida Single Family Homes

Hobe Sound FL 33455 Condo Market Report July 2014

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

Hobe Sound FL 33455 Condo Market Report July 2014

Jensen Beach FL 34957 Condo Market Report July 2014

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

Jensen Beach FL 34957 Condo Market Report July 2014

Palm City FL 34990 Condo Market Report July 2014

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

Palm City FL 34990 Condo Market Report July 2014

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