Palm City FL 34990 Condo Market Report June 2014

07.17.14 by

Palm City FL 34990 Condo Market Report June 2014

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

 

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



There are currently 56 active condo listings. (Up by 4 condos from May)

Palm City FL 34990 Condo Market Report June 2014

 

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

Palm City FL 34990 Condo Market Report June 2014

 

3 Condos Sold in June. (Down by 1 condo from May)

Palm City FL 34990 Condo Market Report June 2014

 

A second very weak month for the Palm City FL 34990 condo real estate market.  The inventory rose while both pending and closed sales declined.  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 18.7 months (was 13 months in May).   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 June 2012 numbers were: 54 active listings, 14 pending sales and 8 closed sales.   Much better activity in 2013.  Hopefully, this segment of the Martin County FL real estate market will strengthen soon.
 
Palm City FL 34990 Condo Market Report June 2014
 

Search here for Palm City Florida Real Estate for Sale ( Condos)
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Palm City FL 34990 Condo Market Report June 2014

Indian Pines Condo in Stuart FL Under Contract

07.13.14 by

Indian Pines Condo in Stuart FL Under Contract

Excellent opportunity and value for this lake view, ground floor condominium in Indian Pines of Stuart FL. This is a very rare three bedroom, two full bathroom unit with rear screened patio. The interior features a recently updated kitchen with newer cabinets & counter-tops, all appliances including washer/dryer, and updated baths.

Indian Pines is centrally located in Stuart FL just west of US-1 with easy access to the beaches and waterways of Martin County and close to shopping and restaurants as well as historic downtown Stuart. Easy access to I-95 for those commuting or wanting to visit points to the North or South.

All ages are welcome in Indian Pines and this is a pet friendly community. Amenities include a community pool, tennis court and clubhouse as well as spacious common areas around two lakes.  HOA fees vary depending on the size of the unit and run from $300 to $400 per month as of July 2014.

Search for available Condos in Indian Pines

Indian Pines Condo in Stuart FL Under Contract

Stuart FL 34994 Residential Market Report June 2014

07.10.14 by

Stuart FL 34994 Residential Market Report June 2014

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

 

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

There are currently 71 active listings (Decreased by 2 homes from May)

Stuart FL 34994 Residential Market Report June 2014

34 Residential sales are pending and awaiting close or lender approval (Up by 2 homes from May).

Stuart FL 34994 Residential Market Report June 2014

13 Homes Sold in June (Increased by 3 homes from May)

Stuart FL 34994 Residential Market Report June 2014

June activity for the 34994 ZIP code area of the Stuart, Florida showed positive results with both increased pending and closed sales.  The only caution is the continued decrease of inventory making for less potential home sales for the future.

The one month absorption rate for the 34994 zip code for June decreased to 5.5 months from last months 7.3 months.  A  shift 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 June 2012 numbers were 54 Active Listings, 36 pending sales and 11 closed sales.   Considering the increased inventory this year as compared to 2013, market activity is not quite as robust.

Stuart FL 34994 Residential Market Report June 2014

 

Search here for Stuart Florida Real Estate for Sale

 

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

 

Stuart, FL Real Estate

Rental Properties

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Vacant Land Properties

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Stuart Florida Market Report ZIP Code 34994 Residential June 2014

July 2014 Market Update for the Archipelago of Sewalls Point

07.05.14 by

July 2014 Market Update for the Archipelago of Sewalls Point

For July of 2014 there are two active listings on the market in the Archipelago of Sewalls Point.  Listing prices are $1,725,000 and $1,995,000 for an average list price of $564 per sq. ft.

There are no homes are currently under contract.

In the past 12 months, 1 home sold for $$799,000 for a price of $329. per sq. ft. of living area.

Aerial of the Archipelago of Sewalls Point

Located in the prestigious town of Sewalls Point, Florida the Archipelago is a non gated neighborhood of all waterfront homes with access to the crystal clear waters of the Atlantic Ocean through the Saint Lucie Inlet in Martin County, Florida.  All the homes in the Archipelago are on either the wide waters of the Indian River or located on deep water canals.  The Saint Lucie Inlet to the Atlantic is less than two miles away by water.  Access is maintained by dredging all Archipelago waterways to 6’.  Homes range from modest older frame homes, to spectacular estate lots with magnificent views.

 View of the Archipelago of Sewalls Point

View of the Archipelago of Sewalls Point

The link below will take you to all currently available Archipelago homes in Sewalls Point, Florida

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The Archipelago of Sewalls Point

June 2014 Market Update River Marina Stuart

07.01.14 by

June 2014 Market Update River Marina Stuart

Here’s the latest update for the River Marina Community of Stuart FL:

River Marina Homes and Townhomes in Stuart FL

Currently 5 active listings  3 homes and 2 townhomes) on the market at prices of $419,000 to $168,000 for an average of $132.52 per square ft. of living area.

There are 5 homes under contract awaiting settlement (3 homes and 2 townhomes) with list prices from $279,900 to $128,000 at an average of $110.28 per sq. ft. of living area.

In the past 12 months, 11 homes have sold (10 homes and 1 townhome) with sales prices from $330,000 to $132,000 at an average sale price per square foot of $122.53

River Marina Homes and Townhomes in Stuart FL

River Marina is a newer community consisting of 84 single family homes built from 2006 to 2008 ranging in size from 3 BR, 1600 sq. ft. homes to 5 BR homes with 3,380 sq. ft of living area. 14 of these homes are waterfront with Ocean access through the South Fork of the Saint Lucie River. The single family homes in River Marina are in a gated enclave.

River Marina Homes and Townhomes in Stuart FL

Also available are newer townhomes in a non-gated area. Currently only about 47 townhomes have been built with plans for a total of approximately 220 units. Both 2 and 3 Bedroom townhomes are available with 1627 sq. ft. of living area and a 1 car garage. There’s a community pool and easy access to recreational areas.

River Marina Homes and Townhomes in Stuart FL

June 2014 Market Update River Marina Stuart

River Marina Homes and Townhomes for Sale

Stuart, Florida Real Estate presented for your consideration by:
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May 2014 Monthly Market Detail Martin County Townhouses and Condos

06.28.14 by

May 2014 Monthly Market Detail Martin County Townhouses and Condos

May 2014 Monthly Market Detail Martin County Townhouses and Condos continues with reduced activity from last year, though still an active market, currently with a slight sellers advantage.  Year to year closed sales were up by 0.8% (was down by 12.2% in April) while new sales under contract (new pending sales) decreased by 20.8% from May 2013 (was unchanged in April).  The decrease in pending sales may be an indication of some future weakness in this market.

The median sales price decreased by 1.0% (was up by 11.3% in April) while the average sales price decreased by 19.3% (was up 11.3% in April) as compared to May of 2013.  After nearly a year of pretty impressive price rises, values were off for this month.

 The inventory of available townhouses and condos has decreased by 14 to 565 units from last month which is also 7.7% less inventory than was available in May of 2013.  With values having gone up as much as they have, I would have expected higher inventory levels.  The current supply of inventory is 5.7 months (an 8.5% decrease from last year).  While a very strong month, I’m a bit concerned over the decrease in both inventory and pending sales.

Martin Condo Townhouse May 2014

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

May 2014 Monthly Market Detail Martin County Townhouses and Condos

May 2014 Monthly Market Detail Martin County Single Family Homes

06.27.14 by

May 2014 Monthly Market Detail Martin County Single Family Homes

The May 2014 Monthly Market Detail Martin County Single Family Homes showed excellent activity.  Martin County single family home sales exceeded the average in the state and is showing excellent strength.  Year to year closed sales were up by 18.6% (was up only 0.5% in April). New pending sales decreased by 0.4% as compared to May of 2013 (decreased by 9.1% in April).  I would have liked to see some stronger new pending sale numbers.

The median sales price was up by 8.0% from last year (up by 12.6% in April) while the average price increased by 4.3% (was down by 19.3% last month).  Ideally price increases in the single digits, like this month, are a good healthy sign for the market.

The inventory of available single family homes increased from April 2014 by 22 homes to 1,420 units this month, representing a 21.8% increase from last May.  Current supply of inventory remains unchanged from last month at 7.5 months (a 9.6% increase from last year).  Hovering just outside of a balanced market for now with a slight advantage for buyers.

Martin Single Family May 2014

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

May 2014 Monthly Market Detail Martin County Single Family Homes

May 2014 Monthly Market Detail Florida Townhouses and Condos

06.26.14 by

May 2014 Monthly Market Detail Florida Townhouses and Condos

For the May 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida, activity has decreased from last years hot pace.  Year to year closed sales were down by 7% as compared to last months decrease of 5.1% and new sales under contract (new pending sales) decreased by 13.4% (April’s decrease was 11%).

Both median and average sales prices were up (year to year) by 13.7% and 12.7% respectively (in April it was 9.8% and 10.6%). Continued strong price gains.  This is a bit surprising since the market does appear to be cooling somewhat, though for may it continues to be active and a balanced market.

Inventory rose for the eighth month in a row, by 11.3% (was up by 9.3 in April).  The rising inventory should eventually produce some pressure to moderate the rising prices.  Hopefully, this will help continue the strong momentum for sales activity.  The current 6 month supply of inventory is a good sign that we are in a balanced market.

Florida Condo Townhouse May 2014

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:  May 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.

May 2014 Monthly Market Detail Florida Townhouses and Condos

May 2014 Monthly Market Detail Florida Single Family Homes

06.25.14 by

May 2014 Monthly Market Detail Florida Single Family Homes

The May 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed improved results from last year, though at a much reduced pace from 2013.  Year to year closed sales were up, but only by 3.6% (was up by 4.1% in April) and new sales under contract (new pending sales) decreased by 0.6% (was down by 1.1% in April).

Both median and average sales prices continue to rise ( May 2013 to May 2014) by 4.3% and 8.9% respectively, compared to April’s 6.1% and 3.8%.   While still positive numbers, the rate of appreciation appears to be slowing.

The inventory of available homes for sale jumped by 20.4% from last year.  This is now the eighth 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.  I suspect that the reduced rate of increasing values and home sales are a direct result of the increasing inventory.  Currently, there are just not enough buyers to absorb this increase fully.  Though with only a 5.7 months supply of inventory, this is still a healthy and balanced market. (2013 had a 5 month supply)

Florida Single Family May 2014

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

May 2014 Monthly Market Detail Florida Single Family Homes

Hobe Sound FL 33455 Condo Market Report May 2014

06.24.14 by

Hobe Sound FL 33455 Condo Market Report May 2014

 

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

 

For April 2013 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 20 active condo listings. (Down by 1 condo from April)

Hobe Sound FL 33455 Condo Market Report May 2014

5 Condo sales are pending and awaiting close or lender approval. (Decreased by 1 condo from April)

Hobe Sound FL 33455 Condo Market Report May 2014

3 Condos sold in April (Down by 2 condos from April)

Hobe Sound FL 33455 Condo Market Report May 2014

The Hobe Sound condo market (Zip Code 33455) is one of the smallest segments of the Martin County real estate market (along with the Jensen Beach condo market).  Unfortunately closed sales were off as well as pending sales for May.  The inventory is now down to only 20 available condos, so I’m not expecting any great movement here until this number can increase.

The current absorption rate is 6.7 months (Last month it was 4.2 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 may not indicate a true trend in the market.  Yet even with these low numbers, we are in a balanced market for condos in the 33455 zip code area of Hobe Sound.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The May 2013 numbers were:  21 active listings, 5 pending sales and 4 closed sales.   Little change in market activity from last years numbers.

Hobe Sound FL 33455 Condo Market Report May 2014

Search here for Hobe Sound Florida Real Estate for Sale ( Condos)
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Hobe Sound FL 33455 Condo Market Report May 2014

 

Jensen Beach FL 34957 Condo Market Report May 2014

06.21.14 by

Jensen Beach FL 34957 Condo Market Report May 2014

 

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

 

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



There are currently 31 active listings. (Increased by 2 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2014

9 Condo sales are pending and awaiting close or lender approval. (Unchanged from April)

Jensen Beach FL 34957 Condo Market Report May 2014

5 Condos Sold (Down by 4 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2014

 

 The Jensen Beach FL 34957 Condo Market Report May 2014 remains a small sector as far as condos in Martin County. After dropping down to very low levels, the active inventory has started to rise now for two months in a row.  Unfortunately pending sales remain fairly low as well as a slower volume of closed sales.

The one month absorption rate for the May 2014, Jensen Beach Florida Market Report ZIP Code 34957 rose to 6.2 months (3.2 months in April), back into a balanced 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 May 2012 numbers were: 44 active listings, 24 pending sales and 7 condos closed.   Even though the Jensen Beach Condo market activity was better last year, this remains a strong segment for Martin County real estate.

Jensen Beach FL 34957 Condo Market Report May 2014

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Jensen Beach Florida Real Estate presented by:
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Jensen Beach FL 34957 Condo Market Report May 2014

Palm City FL 34990 Condo Market Report May 2014

06.18.14 by

Palm City FL 34990 Condo Market Report May 2014

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

 

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



There are currently 52 active condo listings. (Down by 1 condo from April)

Palm City FL 34990 Condo Market Report May 2014

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

Palm City FL 34990 Condo Market Report May 2014

4 Condos Sold in May. (Down by 3 condos from April)

Palm City FL 34990 Condo Market Report May 2014

Unfortunately closed sales were off for may 2014 in the Palm City FL 34990 condo real estate market.  Pending sales were up and inventory was down.  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 13  months (was 7.6 months in April).   A 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 May 2012 numbers were: 52 active listings, 16 pending sales and 3 closed sales.   Similar numbers to last year, but the decrease in pending sales this year is a note for concern for future activity.
Palm City FL 34990 Condo Market Report May 2014

Search here for Palm City Florida Real Estate for Sale ( Condos)
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Palm City Florida Real Estate presented by:
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Palm City FL 34990 Condo Market Report May 2014

Stuart FL 34994 Residential Market Report May 2014

06.10.14 by

Stuart FL 34994 Residential Market Report May 2014

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

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

There are currently 73 active listings (Decreased by 1 home from April)Stuart FL 34994 Residential Market Report May 2014

32 Residential sales are pending and awaiting close or lender approval (Up by 8 homes from April).

Stuart FL 34994 Residential Market Report May 2014

10 Homes Sold in May (Decreased by 5 homes from April)

Stuart FL 34994 Residential Market Report May 2014

After three straight months of increasing closed sales for the 34994 ZIP code area of the Stuart, Florida, May saw a decrease of 5 closed sales.  Pending sales which were off last month rebounded nicely, indicating a good possibility of increased closed sales in the coming months.  Unfortunately, the inventory continues to shrink making for less potential home sales for the future.

The one month absorption rate for the 34994 zip code for May increased to 7.3 months from last months 4.9 months.  A  shift back into a buyers market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The May 2012 numbers were 56 Active Listings, 42 pending sales and 9 closed sales.   Considering the increased inventory this year as compared to 2013, market activity is not quite as robust.

Stuart FL 34994 Residential Market Report May 2014

 

Search here for Stuart Florida Real Estate for Sale

 

Stuart Florida Real Estate presented by:
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Stuart, FL Real Estate

Rental Properties

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Stuart Florida Market Report ZIP Code 34994 Residential May 2014

June 2014 Market Report Locks Landing in Stuart Florida

06.07.14 by

June 2014 Market Report Locks Landing in Stuart Florida

As of June 2014, there are 5 homes on the market in Locks Landing in Stuart Florida.  Listing prices range from $320,000 to $529,000 for an average price per square foot of $153.69.

There are no homes currently under contract.

In the past 12 months, 21 homes have sold in Locks Landing with sales prices ranging from $260,000 to $452,500 for an average of $146 per sq. ft.

Locks Landing in Stuart FL

Locks Landing in Stuart Florida is a planned unit community of 243 homes on the south eastern shore of the Saint Lucie Waterway, just upstream of the Locks on the Okeechobee Water Way at Phipps Park in Stuart, Florida.

June 2014 Market Report Locks Landing in Stuart Florida

Locks Landing homes range in sizes from just under 2,000 square feet of living area to some spacious 3,000 square feet plus homes on spacious preserve lots.   Many homes enjoy lake views and a few homes offer views of the Saint Lucie Waterway.  This wonderful family neighborhood boasts a number of docks with available water and electrics..  Easy access through the lock to the main Saint Lucie river and out to the crystal clear waters of the Atlantic Ocean or sail west into Lake Okeechobee for a fabulous day of fresh water fishing.  For those without their own boat dock, there’s a convenient boat ramp to allow all to enjoy the fabulous boating available to all residents of Martin County.

June 2014 Market Report Locks Landing in Stuart FloridaLocks landing is only moments to I-95 for those needing to commute either north or south on the Interstate.  The equestrian farms of Martin County are only a short drive to the west; while to the east is shopping, restaurants, beaches and all the amenities that Martin County has to offer.  This family friendly community also boasts an ‘A’ rated school system with local children attending Crystal Lake Elementary School, David L Anderson Middle School and South Fork High School

June 2014 Market Report Locks Landing in Stuart Florida

To view the current homes available for sale in Locks Landing please select the following link:
Locks Landing Homes for Sale

 

For any questions you may have about Locks landing, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Stuart Florida Real Estate

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

June 2014 Market Report Locks Landing in Stuart Florida


Snug Harbor June 2014 Market Update

06.04.14 by

Snug Harbor June 2014 Market Update

Snug Harbor June 2014 Market Update:

As of June 2014, there are 2 active listings in Snug Harbor in Stuart, FL.  The list prices are $1,580,000 and $3,200,000 for an average of $746 per sq. ft. of living area.  Both of these are waterfront homes.

There are currently no homes under contract or pending.

6 homes have sold in the past 12 months.  Ranging in sales price from $535,000 to $2,270,730.  The average sales price per sq. ft. was $385.14.  Four waterfront homes sold at an average price of $493 per sq. ft. and 2 non waterfront homes at $170 per sq. ft.

Snug Harbor remains as one of the most desirable locations in Stuart, FL. Located on the wide Saint Lucie River just east of the city of Stuart Florida is this unique subdivision.


Snug Harbor was the vision of a group of 10 Yachtsmen, many former Commodores of the Chicago Yacht Club back in 1943. They bought the land and platted the area in September 1944 as well as forming the Snug Harbor Corporation, which controlled the ownership of the lots.

Snug Harbor

In 1975 the deeds were distributed and/or sold to the then owners and a condominium form of ownership was established under the name of the Snug Harbor Yacht Club. With both waterfront and non-waterfront homes and estates, located just minutes away from the ocean by boat or car and also convenient to downtown Stuart, offices, restaurants and recreational areas.

Snug Harbor is one of the finest communities in Martin County. There are only 72 home sites with a club house, deep water marina, boat ramp, trailer parking and tennis courts. There is an active association with social activities year round that make this community a very attractive place to call home.

Please feel free to contact Gabe Sanders (772-323-6996), a Snug Harbor resident, if you would like any information about this wonderful community.

 

 

Search here for:

Snug Harbor Homes for Sale

Snug Harbor June 2014 Market Update

April 2014 Monthly Market Detail Martin County Townhouses and Condos

05.29.14 by

April 2014 Monthly Market Detail Martin County Townhouses and Condos

April 2014 Monthly Market Detail Martin County Townhouses and Condos continues with reduced activity from last year, though still in a healthy range with a balanced blend of supply and demand.  Year to year closed sales were down by 12.2% (was down by 29.9% in March) while new sales under contract (new pending sales) was unchanged from April 2013 (was down 9% in March).

The median sales price increased by 11.3% (was up by 7.4% in March) while the average sales price increased by 11.3% (was down 11% in March) as compared to April of 2013.  Interestingly, prices continue to rise with momentum in the condo and townhouse segment of the market.

 The inventory of available townhouses and condos has decreased by 17 to 579 units from last month which is also 10.2% less inventory than was available in April of 2013.  With values going up as much as they have, I would have expected higher inventory levels.  The current supply of inventory is 5.8 months (a 13.1% decrease from last year).   Though down in volume from last year, this is still a balanced market that favors neither the buyer nor the seller.

April 2014 Monthly Market Detail Martin County Townhouses and Condos

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

April 2014 Monthly Market Detail Martin County Townhouses and Condos

April 2014 Monthly Market Detail Martin County Single Family Homes

05.28.14 by

April 2014 Monthly Market Detail Martin County Single Family Homes

The April 2014 Monthly Market Detail Martin County Single Family Homes improved from a slow March though activity only slightly improved from last year.  Year to year closed sales were up by only 0.5% (was down 14.7% in March). New pending sales decreased by 9.1% as compared to April of 2013 (increased by 17.5% in March).  The decrease in pending sales is a bit troubling as it’s the main indicator of potential future closed sales.

The median sales price was up by 12.6% from last year (up by 4% in March) while the average price dropped by 19.3% (was down by 25.1% last month).  This is a dramatic indication of the continued strong activity for the lower price ranges and a slower sales volume in the higher end luxury market.

The inventory of available single family homes decreased from March 2014 by 29 homes to 1,398 units this month, representing a 15% increase from last April.  Current supply of inventory remains unchanged from last month at 7.5 months (a 4.8% increase from last year).  Hovering just outside of a balanced market for now with a slight advantage for buyers.

April 2014 Monthly Market Detail Martin County Single Family Homes

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

April 2014 Monthly Market Detail Martin County Single Family Homes

April 2014 Monthly Market Detail Florida Townhouses and Condos

05.27.14 by

April 2014 Monthly Market Detail Florida Townhouses and Condos

For the April 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida the rate of activity has slowed some, but is now a much healthier market than last years super heated activity.  Year to year closed sales were down by 5.1% as compared to last months decrease of 5.2% and new sales under contract (new pending sales) decreased by 11% (March’s decrease was 6.2%).

Both median and average sales prices were up (year to year) by 9.8% and 10.6% respectively (in March it was 16.7% and 16.1%). These strong price appreciations is what I suspect is the cause of the decrease in market activity for condos and townhouses in Florida for April, though it is a strong balanced market at this time.

Inventory rose for the seventh month in a row, by 9.3%.  The rising inventory is producing some pressure to moderate the price increases.  This should help continue a strong momentum for sales activity.  The 6 month supply of inventory is a good sign that we are in a balanced market.

April 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:  April 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.

April 2014 Monthly Market Detail Florida Townhouses and Condos

April 2014 Monthly Market Detail Florida Single Family Homes

05.26.14 by

April 2014 Monthly Market Detail Florida Single Family Homes

The April 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed improved results from last year, though at a much reduced pace from 2013.  Year to year closed sales were up, but only by 4.1% (was up by 2.8% in March) and new sales under contract (new pending sales) decreased by 1.1% (was up by 2.1% in March).

Both median and average sales prices continue to rise ( April 2013 to April 2014) by 6.1% and 3.8% respectively, compared to March’s 7.1% and 6.3%.   While still very positive numbers, the rate of appreciation appears to be slowing.

The inventory of available homes for sale jumped by 18% from last year.  This is now the seventh 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.  I suspect that the reduced rate of increasing values and home sales are a direct result of the increasing inventory.  Currently, there are just not enough buyers to absorb this increase fully.  Though with only a 5.7 months supply of inventory, this is still a healthy and balanced market.

April 2014 Monthly Market Detail Florida Single Family Homes

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

April 2014 Monthly Market Detail Florida Single Family Homes

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code April 2014

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Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code April 2014

 

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

 

For March 2013 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 21 active condo listings. (Down by 1 condo from March)

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code April 2014

6 Condo sales are pending and awaiting close or lender approval. (Decreased by 1 condo from March)

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code April 2014

5 Condos sold in March (Up by 2 condos from March)

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code April 2014

The Hobe Sound condo market (Zip Code 33455) is one of the smallest segments of the Martin County real estate market (along with the Jensen Beach condo market).  April 2014 market activity saw a slight decrease in inventory and pending sales and an increase in closed sales.

The current absorption rate is 4.2 months (Last month it was 7.3 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 may not indicate a true trend in the market.  Yet even with these low numbers, we are in a sellers market for condos in the 33455 zip code area of Hobe Sound.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The April 2013 numbers were:  21 active listings, 7 pending sales and 5 closed sales.   Almost identical activity year to year.

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code April 2014

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Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code April 2014