February 2014 Monthly Market Detail Florida Single Family Homes

03.30.14 by

February 2014 Monthly Market Detail Florida Single Family Homes

The February 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed some moderating activity for the state.    Year to year closed sales were up, but only by 1.5% (was up by 10.2% in January) and new sales under contract (new pending sales) decreased by 5.5% (was up by 0.7% in January).

Both median and average sales prices were up ( February 2013 to February 2014) by 10% and 11% respectively, compared to January’s 12.1% and 19.9%.   While still very positive numbers, the rate of appreciation appears to be slowing.

The inventory of available homes for sale increased by 13% from last year.  This is now the fifth 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.

Florida Single Family Feb 2014

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

February 2014 Monthly Market Detail Florida Single Family Homes

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

03.29.14 by

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

 

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

 

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

 

There are currently 23 active condo listings. (Up by 1 condo from January)

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

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

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

3 Condos sold in January (Increased by 2 condos from January)

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

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  February 2014 market activity saw an increase in closed sales along with a decrease in pending sales.  Inventory rose by 1 condo.

The current absorption rate with only one sale is 7.6 months (Last month it was 22 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.

The February 2013 numbers were:  18 active listings, 9 pending sales and 4 closed sales.   Unfortunately, for the past few months, the Hobe Sound condo market has been under-performing as compared to last year.

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

 

 

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

 

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code February 2014

03.27.14 by

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code February 2014

 

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

 

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



There are currently 27 active listings. (Decreased by 7 condos from January)

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code February 2014

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

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code February 2014

 

6 Condos Sold (Up by 2 condos from January)

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code February 2014
The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  After 4 months of slowly increasing inventory, inventory declined for the last two months.   For as small a segment as this is, activity for February was quite strong with good pending and closed sale numbers.

The one month absorption rate for the February 2014, Jensen Beach Florida Market Report ZIP Code 34957 dropped to 4.5  months (8.5 months in January), back into a sellers market.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The February 2012 numbers were: 60 active listings, 31 pending sales and 9 condos closed.   The most striking comparison to last year is the available inventory is less than half of what it was last year.  With that in mind, the relative activity is quite strong.
Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code February 2014

 

 

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Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code February 2014

Stuart FL Home for Sale on Ridge Lane – Price Reduced

03.26.14 by

Stuart FL Home for Sale on Ridge Lane

PRICE REDUCED!
322 SW Ridge Lane, Stuart, FL
Whispering Pines Stuart FL Home for Sale
Bedrooms: 3
Bathrooms: 2 full		 Living Area Approx: 1824
List Price: $Get Current Price
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A very well maintained 3 bedroom 2 bathroom home with a large den. The kitchen has been updated with Corian counter-tops and oak cabinets. Both bathrooms have been updated with new vanities and tile. Quiet street, close to Publix, beaches, downtown shopping & restaurants. There is a front patio with a picket fence and a large back patio for outdoor grill and entertaining. A lot of house for the money.

 
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Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

03.25.14 by

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

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

 

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



There are currently 63 active condo listings. (Up by 5 condos from January)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

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

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

6 Condos Sold in February. (Up by 4 condos from January)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

An improving market for the condo segment of the Palm City FL real estate market for zip code 34990. All activity moved in a positive direction in February.  But please keep in mind that this is a very small segment of the Palm City market as this area is primarily single family homes.  Trends are good to watch but a meaningful interpretation from monthly swings in values is difficult to determine.

The current absorption rate for condos in the 34990 zip code area dropped to 10.5 months (was 29 months in January).   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 February 2012 numbers were: 69 active listings, 7 pending sales and 4 closed sales.   Very similar activity as compared to last year.
Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

 

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Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code February 2014

03.18.14 by

Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code February 2014

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

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

 

There are currently 77 active listings (Increased by 10 homes from January)

Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code February 2014

 

34 Residential sales are pending and awaiting close or lender approval (Unchanged from January).

Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code February 2014

 

9 Homes Sold in January (Decreased by 1 homes from January)

Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code February 2014

The 34994 ZIP code area of the Stuart, Florida had a second month of decreases in closed sales, although down by only 1 home for this month.  Pending sales were unchanged.  While, the inventory took another sizable increase.  As home values rise, latent demand from sellers seems to be materializing in more active listings.  There has to be enough demand to offset this increase in inventory, and in the short term, it appears that this hasn’t yet happened. 

The one month absorption rate for the 34994 zip code for February increased to 8.6 months from last months 6.7 months.  Back to 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 January 2012 numbers were 76 Active Listings, 23 pending sales and 10 closed sales.   Very similar numbers to 2013, with the exception of higher pending numbers this year, which may equate to better sales in the near future.

 Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code February 2014

 

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Stuart Florida Market Report ZIP Code 34994 Residential February 2014

Oceanfront Condo Price Reduced

03.17.14 by

Oceanfront Condo Price Reduced

The new price for this oceanfront condo is now $197,000!  Best price for a Stuart Condo on Hutchinson Island on the water.

Suntide Ocean Front Condo on Hutchinson Island in Stuart Florida

Great opportunity for this Suntide Condo on Hutchinson Island in Stuart.  Fully furnished with an updated kitchen, ocean front condo in Martin County’s prime Hutchinson Island location and building. Spacious 2 bedroom split plan with everything one needs for a full-time home or that special Florida tropical retreat. Suntide includes private beach access, heated pool, tennis courts, shuffleboard, wash area, newly renovated clubhouse with billiards, card table, fully equipped kitchen, bar, library and entertaining area as well as a profession fitness center. Under building secured parking. This well-appointed condo is ready for immediate occupancy.
Suntide Ocean Front Condo on Hutchinson Island in Stuart Florida
Suntide is the first condo complexes north of the Stuart Causeway on Hutchinson Island in Martin County.   Constructed originally in 1972, it retains much of the original and unique architecture of the times, yet boasts terrific amenities and at a much more reasonable price than much of the competition.  Please call and ask about Suntide.
Suntide Ocean Front Condo on Hutchinson Island in Stuart Florida
Suntide Ocean Front Condo on Hutchinson Island in Stuart Florida

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St Lucie County Townhouse and Condo Sales 2013 Yearly Review

03.11.14 by

St Lucie County Townhouse and Condo Sales 2013 Yearly Review

For the St Lucie County Townhouse and Condo Sales 2013 Yearly Review indicated strong activity but at a reduced volume as compared to 2012.  Year to year closed sales were up by 7.5% as compared to 2012 which saw an increase of 24.2% and new sales under contract (new pending sales) increased by 30.9% (2012 saw a n increase of 38.6%).

St Lucie County Townhouse and Condo Sales 2013 Yearly Review

Both median and average sales prices were up (year to year) by 26.2% and 16.1% respectively (2012 numbers were 18.5% and 14.7%).  Very significant gains that may explain why the reduced volume of sales for this year as townhouses and condos become less affordable.

Inventory decreased by 11.1% as compared to 2012’s decrease of 24.4%. While the supply of inventory dropped to 8.8 months as compared to 9.6 months for 2012.  Still in a buyer’s market for Saint Lucie County townhouses and condos.

 To view the full report click on the graphic above or the link below:
St Lucie County Townhouse and Condo Sales 2013 Yearly Review

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.

St Lucie County Townhouse and Condo Sales 2013 Yearly Review

Another Pinecrest Lakes Home Sold

03.09.14 by

Another Pinecrest Lakes Home Sold

 

Front of Pinecrest Lakes Homes for Sale

2944 NE Loquat Lane in Pinecrest Lakes of Jensen Beach has been sold by the BlueWater Realty team of Stuart.  The sales price was $395,000.  For up to date valuations and market activity in Pinecrest Lakes, please call us.

Living Room of Pinecrest Lakes Homes for Sale

One of a Kind – Gorgeous Family Home in Pinecrest Lakes. 4 bedrooms, 3 full baths, 2 car garage. Home has been lovingly cared for by the original owners.  Kitchen has been fully updated with granite counters and new appliances.  Large, private pool area with back yard backing up to a lake.  Highly rated Jensen Beach Schools are all nearby.  Large half acre lot with so many beautiful trees, including the nicest mango tree in Pinecrest Lakes.

Kitchen of Pinecrest Lakes Homes for Sale

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.

Master BR of Pinecrest Lakes Homes for Sale

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.

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Another Pinecrest Lakes Home Sold

Martin County Townhouse and Condo Sales 2013 Yearly Review

03.08.14 by

Martin County Townhouse and Condo Sales 2013 Yearly Review

For the Martin County Townhouse and Condo Sales 2013 Yearly Review showed a continued strengthening of this segment of the Martin County real estate market.   Year to year closed sales were up by 14.5% as compared to 2012 which saw an increase of 5.2% and new sales under contract (new pending sales) increased by 29.2% (2012 saw a n increase of 15%).

Martin County Townhouse and Condo Sales 2013 Yearly Review

 

Both median and average sales prices were up (year to year) by 14.9% and 12.3% respectively (2012 numbers were 3.9% and 5.4%).  Very significant gains, especially when compared to recent years.

Inventory decreased by 17.5% as compared to 2012’s decrease of 17%. While the supply of inventory dropped to 6.3 months as compared to 8.7 months for 2012.  A balanced market for Martin County townhouses and condos.  I’m a bit concerned over the continued decrease in available inventory as this will lead to reduced numbers in the future.  Though, as prices continue to gain, I expect inventories to rise as well.

 To view the full report click on the graphic above or the link below:
Martin County Townhouse and Condo Sales 2013 Yearly Review

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.

Martin County Townhouse and Condo Sales 2013 Yearly Review

Martin County Single Family Home Sales 2013 Yearly Review

03.07.14 by

Martin County Single Family Home Sales 2013 Yearly Review

The Martin County Single Family Home Sales 2013 Yearly Review as reported by Florida Realtors indicates just how strong the market performed in 2013 for the Martin County single family housing market.   Year to year closed sales were up by 19.5% (was up by 16.8% in 2012) and new sales under contract (new pending sales) increased by 36.7% (was up by 29% in 2012).

Martin County Single Family Home Sales 2013 Yearly Review

 

Both median and average sales prices were up (2012 to 2013) by 12.6% and 5.5% respectively.   Showing strong gains in value.  These numbers were 3.1% and 1.2% respectively in 2012.

The inventory of available homes for sale increased by only 2.7% from 2012.  While the months supply of homes decreased to 6.5.  Indicating a balanced market, where neither the seller or buyer has an advantage.

To view the full report click on the graphic above or the link below:
Martin County Single Family Home Sales 2013 Yearly Review

To view the complete 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.

Martin County Single Family Home Sales 2013 Yearly Review

Florida Townhouse and Condo Sales 2013 Yearly Review

03.04.14 by

Florida Townhouse and Condo Sales 2013 Yearly Review

For the Florida Townhouse and Condo Sales 2013 Yearly Review for the state of Florida shows continued growth and strengthening of this segment of the real estate market.   Year to year closed sales were up by 5.1% as compared to 2012 which saw an increase of 2.1% and new sales under contract (new pending sales) increased by 9.7% (2012 saw a n increase of 6.4%).

Florida Townhouses and Condos 2013

 

Both median and average sales prices were up (year to year) by 20.1% and 13.1% respectively (2012 numbers were 18.5% and 14.3%).  Very significant gains.

Inventory increased by 1.6% as compared to 2012’s decrease of 25%. While the supply of inventory dropped to 5.8 months as compared to 6 months for 2012.  Close to a balanced market for Florida townhouses and condos.

 Click here to view or download the full report:  Florida Townhouse and Condo Sales 2013 Yearly Review

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.

Florida Townhouse and Condo Sales 2013 Yearly Review

Florida Single Family Home Sales 2013 Yearly Review

03.03.14 by

Florida Single Family Home Sales 2013 Yearly Review

The Florida Single Family Home Sales 2013 Yearly Review as reported by Florida Realtors shows that 2013 was a year of recovery for the Florida single family housing market.   Year to year closed sales were up by 11.8% (was up by 8.5% in 2012) and new sales under contract (new pending sales) increased by 17.6% (was up by 17.5% in 2012).

Florida Single Family 2013

 

Both median and average sales prices were up (2012 to 2013) by 15.9% and 11.6% respectively.   Showing strong gains in value.  These numbers were 8.6% and 7.3% respectively in 2012.

The inventory of available homes for sale increased by 11.9% from 2012.  While the months supply of homes remained steady at 5.5.  Indicating a seller’s market.

Click here to view or download the full report:
Florida Single Family Home Sales 2013 Yearly Review

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.

Florida Single Family Home Sales 2013 Yearly Review

January 2014 Monthly Market Detail Martin County Townhouses and Condos

02.27.14 by

January 2014 Monthly Market Detail Martin County Townhouses and Condos 

January 2014 Monthly Market Detail Martin County Townhouses and Condos report began the year with continued signs of a slowing momentum, but still mostly positive overall results from previous years.   Even though price rises have moderated a bit this month, I’m expecting to see more increases in value until the inventory begins to increase.  Year to year closed sales were up by 4.3% (down by 9% in December) while new sales under contract (new pending sales) decreased by 20.9% (was up 8.1% in December).

January 2014 Monthly Market Detail Martin County Townhouses and Condos

The median sales price increased by 15.2 % (was up a whopping 45% in December) while the average sales price increased by 3.7% (was up 10.4% in December) as compared to January of 2013.

 The inventory of available townhouses and condos has increased by 15 to 638 units from last month, but this is still down from January of 2013 by 19.6%.  Current supply of inventory is 6.4 months (a 29.9% decrease from last year).  The Martin County townhouse and condo market is fairing much better than many other areas of the state.

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

January 2014 Monthly Market Detail Martin County Townhouses and Condos

Pinecrest Lakes Homes For Sale Under Contract

02.26.14 by

Pinecrest Lakes Homes For Sale Under Contract

 

Front of Pinecrest Lakes Homes for Sale

2944 NE Loquat Lane in Pinecrest Lakes of Jensen Beach is under contract courtesy of the BlueWater Realty team of Stuart.

Living Room of Pinecrest Lakes Homes for Sale

One of a Kind – Gorgeous Family Home in Pinecrest Lakes. 4 bedrooms, 3 full baths, 2 car garage. Home has been lovingly cared for by the original owners.  Kitchen has been fully updated with granite counters and new appliances.  Large, private pool area with back yard backing up to a lake.  Highly rated Jensen Beach Schools are all nearby.  Large half acre lot with so many beautiful trees, including the nicest mango tree in Pinecrest Lakes.

Kitchen of Pinecrest Lakes Homes for Sale

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.

Master BR of Pinecrest Lakes Homes for Sale

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.

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Pinecrest Lakes Homes For Sale Under Contract

January 2014 Monthly Market Detail Martin County Single Family Homes

02.26.14 by

January 2014 Monthly Market Detail Martin County Single Family Homes

The January 2014 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors began 2014 with mostly a positive start.  Only negative was that new pending sales were off by 18.8% from last year (increased by 9.5% in December).  Closed sales were up by 29.9% (was 17.8% in December).

The median sales price was up by 24.7% from last year while the average price dropped by 8.5%.  This is not an indication of rising or lowering values, but rather the mix of homes that have sold this month.   Generaly values are in fact rising at a fairly moderate pace overall, though individual locations will vary.

January 2014 Monthly Market Detail Martin County Single Family Homes

The inventory of available single family homes increased from December 2013 to 1,355 units, and this is an 8.3% increase from last January.  Current supply of inventory is only 6.9 months (a 9.6% decrease from last year).  We continue to be in a balanced market for residential sales in Martin County.  A continues strong market to begin 2014.

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

January 2014 Monthly Market Detail Martin County Single Family Homes

January 2014 Monthly Market Detail Florida Townhouses and Condos

02.25.14 by

January 2014 Monthly Market Detail Florida Townhouses and Condos

For the January 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida a mostly positive result to begin the year as compared to the start of 2013.   Though more positive results than they were for last month.   Year to year closed sales were up by 9.3% as compared to last months decrease of 2.5% and new sales under contract (new pending sales) decreased by 6% (December’s decrease was 8.7%).

January 2014 Monthly Market Detail Florida Townhouses and Condos 

Both median and average sales prices were up (year to year) by 17% and 21% respectively.  Very significant gains.

Inventory rose for the third month in a row, by 3.5%.  If the inventory keeps rising, I expect to see some increases in the sales volume and a leveling off or a moderation to the pretty dramatic price increases we’ve experienced last year.

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:  January 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.

January 2014 Monthly Market Detail Florida Townhouses and Condos

January 2014 Monthly Market Detail Florida Single Family Homes

02.24.14 by

January 2014 Monthly Market Detail Florida Single Family Homes

The January 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors began 2014 with all positive results as compared to the start of 2013.  Both closed and pending sales were up.   Year to year closed sales were up by 10.2% (was up by 8.6% in December) and new sales under contract (new pending sales) increased by 0.7% (was down by4.2% in December).

January 2014 Monthly Market Detail Florida Single Family Homes

Both median and average sales prices were up ( January 2013 to January 2014) by 12.1% and 19.9% respectively.   Very good results compared to the past few months when values increased, but at a much slower rate.

The inventory of available homes for sale increased by 15% from last year.  This is now the fourth 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.  We do need to watch that inventory levels don’t rise so much as to have a negative effect on prices (law of supply and demand).  It does appear that even with the increasing inventory the traffic for the new year is quite high and I expect some strong results for next month.

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

January 2014 Monthly Market Detail Florida Single Family Homes

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

02.23.14 by

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

 

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

 

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

 

There are currently 22 active condo listings. (Down by 1 condo from December)

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

 

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

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

1 Condos sold in December (Increased by 1 condo from December)

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

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  January 2014 started with little change from last month.  Only 1 sale, 1 additional pending listing and another small decrease in inventory.

The current absorption rate with only one sale is 22 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.

The January 2013 numbers were:  19 active listings, 8 pending sales and 4 closed sales.   Better activity last year by a wide margin.  One of the only segments of the Martin County real estate market with these poor comparative results.

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

 

 

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

 

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code January 2014

02.21.14 by

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code January 2014

 

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

 

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



There are currently 34 active listings. (Decreased by 7 condos from December)

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code January 2014

 

19 Condo sales are pending and awaiting close or lender approval. (Up by 4 condos from December)

 

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code January 2014

4 Condos Sold (Decreased by 6 condos from December)

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code January 2014


The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  After 4 months of slowly increasing inventory, active listings once again declined.   We ended 2013 with a nice jump in closed sales, but for January sales once again declined.  About the only good news is a nice increase in pending sales.

The one month absorption rate for the January 2014, Jensen Beach Florida Market Report ZIP Code 34957 jumped to 8.5  months (4.1 months in December), back into a buyers’ market.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The January 2012 numbers were: 66 active listings, 27 pending sales and 5 condos closed.   Almost double the inventory last year, so with that percentage this condo market is still doing OK, but we need more active listings for any movement to be possible.

 Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code January 2014

 

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Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code January 2014