Martin County Florida Residential Market Report for October 2013

Commentary:

The Martin County Florida Residential Market for October 2013 continues to produce better results as compared to recent years. For October 2013, the inventory rose again (the third month in a row) signifying that some pent up seller demand is now once again re-entering the market as prices continue to increase. And for October 2013 there were some significant increases. As the inventory increase, we should continue to see higher sales numbers from previous years, though the absorption rate will start to rise as well.

The one month absorption rate for October 2013 increased to 6.86 months (from 5.99 months in September), and the three-month average is now 5.93 months. A 6 to 7 month absorption rate is considered to be a balanced market. After almost a full year of a sellers market we are now in a balanced market which is healthy for Stuart FL real estate.

Please feel free to contact us if you have any difficulty interpreting these charts.

Clicking on the chart will produce a larger view.

The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

Data compiled from the Realtor Association of Martin County

Martin County Florida Residential Market Report for October 2013

the Gabe Sanders real estate team

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

For more information about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate

December 2013 Market Update Westwood Country Estates Palm City

12.06.13 by Gabe Sanders

December 2013 Market Update Westwood Country Estates Palm City

As of December 2013, there are 4 homes on the market in Westwood Country Estates in Palm City, FL. Listing prices range from $425,000 to $584,900 with an average of $192.63 per sq. ft. of living area. None of these active listings are distressed sales.

There are no homes currently under contract (pending sales)

There have been 3 homes sold in the past 12 months in Westwood Country estates. Sales prices ranged from $230,000 to $370,000 for an average of $111.26 per sq. ft. of living area. One of these sales was a short sale and one was a bank owned foreclosure.

Westwood Country Estates in Palm City, FL is a wide open, gorgeous community that features statuesque homes that are beautifully placed on oversized lots of ½ acre or more, that will give you and your family plenty of room to grow! Wonderfully landscaped throughout, Westwood Country Estates will make you feel proud to come home to. Every home is unique and there is sure to be one you will fall in love with!

Palm City is a great place to raise a family with its “A” rated schools and proximity to I-95 and Florida’s Turnpike which opens you to all the opportunities of both Martin County and it’s neighbors, just a short drive North or South! Martin County has lots of recreational areas and opportunities to enjoy many opportunities outdoors with your family!

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December 2013 Market Update Sewalls Landing

12.05.13 by Gabe Sanders

December 2013 Market Update Sewalls Landing

As of December 2013, there are no homes available for sale in Sewalls Landing.

Also, no homes currently under contract (pending sales)

In the past 12 months, 3 Sewalls Landing homes have sold. Sales prices ranged from $520,000 to $605,000 for an average sales price of $160.52 per sq. ft. and at a 91% list to sales ratio. One of these sales was a short sale.

Sewalls Landing is located at the northern tip of Sewalls Point, FL in Martin County. Officially it is in Jensen Beach, but many residents of Sewalls landing consider themselves part of Sewalls Point. Just across the street from the Dolphin Bar and Grill and within walking distance of marinas, boat ramps, Indian Riverside Park and much, much more.

This gated community consists of 51 home-sites (including 3 lots that are still vacant). Homes in Sewalls Landing were built from 1992 to 2008 and are situated on generous sized lots from just under ½ acre to over ¾ of an acre. Home sizes range from 2,000 to over 5,000 square feet of living areas. Many homes feature 3 car garages. Residents enjoy low HOA fees of $110 per month.

Children attend Felix Williams Elementary, Stuart Middle and Jensen Beach High Schools. Easy access to the beaches as it’s just about equidistant from both the Stuart and Jensen Beach Causeways. Close to shopping and medical facilities as well. This is a much sought after community in Martin County, FL.

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December 2013 Market Update Sewalls Landing

December 2013 Market Update Cobblestone Country Club

12.03.13 by Gabe Sanders

December 2013 Market Update Cobblestone Country Club

There are currently 10 homes for sale in the Cobblestone Country Club of palm City, FL. List prices range from $350,000 to 639,000 with an average asking price of $152.54 per sq. ft. of living area. Only one short sale.

3 Homes are under contract and awaiting sale. List prices were $450,000 and 499,000 for an average of $139.49 per sq. ft. of living area. Two of these homes are short sales.

In the past 12 months, 9 homes have sold in the Cobblestone Country Club. Sale prices ranged from $299,000 to $673,000 and the average sale price per sq. ft. of living area was $116,63. There were 2 short sales and 3 bank owned foreclosures in this group of sales.

Located just west of the center of Palm City, Cobblestone Country Club is a peaceful neighborhood of 512 acres with only 238 residences providing generous amounts of space around each home. This upscale community is adjacent to exit 110 on I-95 with easy access to all that Palm Beach County to the South and Orlando to the North, has to offer while enjoying the laid back low growth lifestyle, lower taxes and superior school systems that Martin County offers. Residents enjoy coming home to picturesque views of lakes, preserves and the 18-hole private Fox Golf Course in the Cobblestone Country Club. Homes in Cobblestone consist of new custom built homes and a selection of quality newer resales.

Cobblestone Country Club Homes for Sale

December 2013 Market Update Cobblestone Country Club

October 2013 Monthly Market Detail Martin County Townhouses and Condos

12.02.13 by Gabe Sanders

October 2013 Monthly Market Detail Martin County Townhouses and Condos

The October 2013 Monthly Market Detail Martin County Townhouses and Condos continues to showed some weakness of the year to year results. After some surprisingly strong results from last month. We are now well into our slower season, however we are comparing to last years results for the same period. Year to year closed sales were up by 1.1% ( up by 36.2% in September) while new sales under contract (new pending sales) decreased by 36.2% (was down 8% in September).

The median sales price increased by 1.3% (was up by 49.5% in September) while the average sales price rose by 10.7% (was up 30.6% in September) as compared to October of 2012.

The inventory of available townhouses and condos has increased slightly to 596 units from last month, while still a decrease of 21.1% from last October. Current supply of inventory is only 5.9 months (a 33.9% decrease from last year). For the Martin County townhouse and condo market we have transitioned into numerous months of a seller’s market. This is exerting significant pressure into rising values for this segment of the real estate market.

Click here to view or download the full report:
October 2013 Monthly Market Detail Martin County Townhouses and Condos

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

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

October 2013 Monthly Market Detail Martin County Townhouses and Condos

October 2013 Monthly Market Detail Martin County Single Family Homes

12.01.13 by Gabe Sanders

October 2013 Monthly Market Detail Martin County Single Family Homes

The October 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors showed slightly slower activity than in most previous months this year, though still much improved from last year. Closed sales were up by 8.5% (was 58.5% in September) and new sales under contract (new pending sales) increased by 36.2% (24.1% in September).

The median sales price was up by 20.6% from last year while unfortunately the average declined by 30.5%.

The inventory of available single family homes increased this month to 1242 units but this is still down by 4.2% from last October. Current supply of inventory is only 6.7 months (a 18.9% decrease from last year). We are now in a balanced market for residential sales in Martin County. Considering that this is typically the slower season for Martin County, I’m expecting a return to a sellers market once the holiday season is over.

Please look at the full Martin County single family market detail by clicking on the links below:

Click here to view or download the full report:
October 2013 Monthly Market Detail Martin County Single Family Homes

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

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

October 2013 Monthly Market Detail Martin County Single Family Homes

October 2013 Monthly Market Detail Florida Townhouses and Condos

11.30.13 by Gabe Sanders

October 2013 Monthly Market Detail Florida Townhouses and Condos

The October 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida continues to show gains though not as robust as they were earlier in the year. Year to year closed sales were up by 3.1% as compared to last months increase of 11.4% and new sales under contract (new pending sales) decreased by 3.6% (September’s increase was 4.6%).

Both median and average sales prices were up (year to year) by 22.1% and 12% respectively.

One item of concern is the active inventory which has decreased again (though slightly), for October by .09%. The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale. This will also result in strong upward pressure on prices and at some point renewed activity in new construction. If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

Click on the link below or the graphic to see the full market detail report from Florida Realtors:

Click here to view or download the full report:
October 2013 Monthly Market Detail Florida Townhouses and Condos

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

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

October 2013 Monthly Market Detail Florida Townhouses and Condos

October 2013 Monthly Market Detail Florida Single Family Homes

11.29.13 by Gabe Sanders

October 2013 Monthly Market Detail Florida Single Family Homes

The Florida real estate market continues to improve as reported by Florida Realtors for the October 2013 Monthly Market Detail Florida Single Family Homes, though at not quite as great a rate as in past months. All indices have once again moved in a positive direction. Year to year closed sales were up by 6.5% (was 18.8% in September) and new sales under contract (new pending sales) increased by 3.4% (was 10.5% in September).

Both median and average sales prices were up (October 2012 to October 2013) by 16.6% and 12.6% respectively. Very strong numbers that I expect will moderate in the next few months unless the overall state economy shows some improvements as well.

The inventory of available homes for sale increased by 3.3% from last year. This is the first month in some time that we’ve seen an increase in inventory. I’ve been expecting this, and as inventory increases the pressure on rising prices will ease as well. Making the double digit gains of this past year a little more difficult to sustain.

Please look at the full detail report for the rest of the story:

Click here to view or download the full report:
October 2013 Monthly Market Detail Florida Single Family Homes

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

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

October 2013 Monthly Market Detail Florida Single Family Homes

Hobe Sound Florida Market Report ZIP Code 33455 Condo October 2013

11.27.13 by Gabe Sanders

Hobe Sound Florida Market Report ZIP Code 33455 Condo October 2013

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for September 2013

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

There are currently 15 active condo listings. (Up by 1 condos from September)

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

1 Condos sold in September (Decreased by 4 condos from September)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. For October, there was little change in the market, but unfortunately closed sales dropped to only 1 unit.

The absorption rate for October jumped to 15 moths from last months sellers market of 2.8 months. Back to a strong buyers advantage for those in the Hobe Sound condo market.. Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. These 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 October 2012 numbers were: 29 active listings, 7 pending sales and 2 closed sales. With only half of last years inventory, it’s difficult to generate any good market activity for Hobe Sound condos.

Please use the charts below as reference only as they rely on all residential types of property in the 33455 real estate market:

Search here for Hobe Sound Florida Real Estate for Sale ( Condos)

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Hobe Sound Florida Market Report ZIP Code 33455 Condo October 2013

Jensen Beach Florida Market Report ZIP Code 34957 Condo October 2013

11.25.13 by Gabe Sanders

Jensen Beach Florida Market Report ZIP Code 34957 Condo October 2013

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for October 2013

For October 2013 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 36 active listings. ( Increased by 1 condos from September)

13 Condo sales are pending and awaiting close or lender approval. (Down by 4 condo from September)

7 Condos Sold (Increased by 2 condos from September)

The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market. Inventory remains very low even though we’ve had small increases in the past two months. Pending sales were off for the second month while closed sales rose slightly.

The one month absorption rate for the October 2013, Jensen Beach Florida Market Report ZIP Code 34957 jumped to 5.1 months (7 months in September), signifying a step into a slight sellers market. A balanced market is considered to be a 6 month absorption rate favoring neither the buyer or seller.

The October 2012 numbers were: 29 active listings, 22 pending sales and 8 condos closed. Not as good a market this year as compared to last for the Jensen beach Condo segment of the Martin County real estate market.

Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:

Search here for Jensen Beach Real Estate for Sale

Jensen Beach Florida Real Estate presented by:
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Jensen Beach Florida Market Report ZIP Code 34957 Condo October 2013

Palm City Florida Market Report ZIP Code 34990 Condo October 2013

11.23.13 by Gabe Sanders

Palm City Florida Market Report ZIP Code 34990 Condo October 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2013

For October 2013 in the 34990 Zip Code area of Palm City, Florida :

There are currently 59 active condo listings. (Up by 4 condos from September)

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

4 Condos Sold in October. (Down by 1 condo from September)

The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes. Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results. The October market activity showed the second month in a row of increased inventory, though unfortunately both pending and closed sales were off.

The current absorption rate for condos in the 34990 zip code area is 14.8 months (was 11 months in September), signifying a buyers market. A balanced market is considered to be an absorption rate of around 6 months.

The October 2012 numbers were: 59 active listings, 9 pending sales and 4 closed sales. Almost identical to 2012 activity with fewer pending sales this year.

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

Search here for Palm City Florida Real Estate for Sale ( Condos)

Palm City Florida Real Estate presented by:
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Palm City Florida Market Report ZIP Code 34990 Condo October 2013

Stuart Florida Market Report ZIP Code 34994 Residential October 2013

11.20.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential October 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for October 2013

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

There are currently 62 active listings (Down 12 from September)

48 Residential sales are pending and awaiting close or lender approval (Up 12 homes from September).

8 Homes Sold in September (Decreased by 1 home from September)

The 34994 ZIP code area of the Stuart, Florida had mixed activity for October. The inventory of available homes is now only 50 homes, which is very low. Pending sales had a nice jump and closed sales were off by 1 home.

The one month absorption rate for the 34994 zip code for October decreased to 6.3 months from last months 6.9 months. Basically a balanced market. A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The October 2012 numbers were 67 Active Listings, 33 pending sales and 9 closed sales. With a considerably lower inventory, the 34994 section of Stuart is doing better as compared to last year, significantly in the pending sales numbers.

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:

Search here for Stuart Florida Real Estate for Sale

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential October 2013

River Vista Condo Under Contract

11.11.13 by Gabe Sanders

River Vista Condo Under Contract

Discover this rare opportunity to own at River Vista in Jensen Beach. Recently updated 2/2 with split floor plan, room for a washer and dryer in unit. Community offers pool, laundry room, elevator and is within walking distance of public boat launch, sailing center, Indian Riverside Park and Children’s Museum. Ready for immediate occupancy.

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River Vista Condo Under Contract

November 2013 Market Update High Point Sewalls Point

11.09.13 by Gabe Sanders

November 2013 Market Update High Point Sewalls Point

As of November 2013, there are 5 homes available for sale on High Point and High Point Isle in Sewalls Point, FL. Listing prices range from $399,000 to $3,950,000. The average price per square foot of living area is $367.01 There are no short sales or foreclosures in the available listings.

There is one High Point home under contract and awaiting close. The list price is $1,399,000 or $336.06 per sq. ft. of living area.

In the past 12 months, 4 High Point homes have sold. Sales prices ranged from $745,000 to $1,600,000 for an average sales price of $319.06 per sq. ft. and an 87% list to sales ratio. None of these homes were distressed properties.

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

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

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

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

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

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November 2013 Market Update High Point Sewalls Point

Martin County Florida Condo Market Report for September 2013

11.07.13 by Gabe Sanders

Martin County Florida Condo Market Report for September 2013

Commentary:

The Martin County Florida Condo Market for September 2013 showed better numbers than in previous years on a year to year comparison. Still a bit slower than we would like. Inventory increased this month to 532 units (Inventory has been up and down the past few months with no real trend at this time). It was back in 2005 when we had steady inventory levels below 600 units. The median sales price increased in September and continues to be well above last year’s values. Much of the median price results are driven by the mix of units selling. Currently, prices on average appear to be holding steady with different communities showing some small gains (as well as some losses) depending on the individual community.

The one month absorption rate increased to 10.04 months from last months 9.46 months, while the three-month average is now at 9.45 months. We’ve slipped back into a buyers market for martin County condos. Generally an absorption rate of 6 or 7 months is considered a balanced market.

Higher interest rates remain troubling for the market in general, but is not as strong an issue for our condo market as we have a fairly high percentage of cash buyers. If the economy continues it’s improvement, I expect another good season for the condo market in Martin County for the upcoming season.

Click on the charts for a larger view:

Data compiled from the Realtor Association of Martin County

Martin County Florida Condo Market Report for September 2013

the Gabe Sanders real estate team

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

For more information about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate

Martin County Florida Residential Market Report for September 2013

11.06.13 by Gabe Sanders

Martin County Florida Residential Market Report for September 2013

Commentary:

The Martin County Florida Residential Market for September 2013 continues to produce better results as compared to recent years. For September 2013, the inventory rose for the second month in a row signifying that some pent up seller demand is now once again re-entering the market as prices have started to increase. Though for September both median and average prices slid some, but this was more an indication of lower priced homes dominating sales for the previous month.

The one month absorption rate for September 2013 increased to 5.99 months (from 5.11 months in August), and the three-month average is now 5.4 months. A 6 month absorption rate is considered to be a balanced market, so we continue to be in a sellers market in Martin County. Considering the fact that we have entered our slower season, we continue to have better activity as compared to previous years.

Our overall market remains quite healthy as compared to previous years since the ‘bubble’. The unknowns for the future remain our economy for the nation as a whole.

Please feel free to contact us if you have any difficulty interpreting these charts.

Clicking on the chart will produce a larger view.

Data compiled from the Realtor Association of Martin County

Martin County Florida Residential Market Report for September 2013

the Gabe Sanders real estate team

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

For more information about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate

September 2013 Monthly Market Detail Martin County Townhouses and Condos

11.03.13 by Gabe Sanders

September 2013 Monthly Market Detail Martin County Townhouses and Condos

The September 2013 Monthly Market Detail Martin County Townhouses and Condos continues to show positive year to year results. Though the gains for September were surprisingly strong as compared to August of 2013, though we are entering into our slower season. Year to year closed sales were up by 36.2% ( up by 1.3% in August) while new sales under contract (new pending sales) decreased by 8% (was up 4.9% in August).

The median sales price increased by 49.5% (was up by 16.3% in August) while the average sales price rose by 30.6% (was up 13.4% in August) as compared to September of 2012.

The inventory of available townhouses and condos has increased slightly to 560 units from last month, while still a decrease of 29.8% from last September. Current supply of inventory is only 5.6 months (a 41.9% decrease from last year). For the Martin County townhouse and condo market we have transitioned into numerous months of a seller’s market. This is exerting significant pressure into rising values for this segment of the real estate market.

Click here to view or download the full report:
September 2013 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.

September 2013 Monthly Market Detail Martin County Townhouses and Condos

September 2013 Monthly Market Detail Martin County Single Family Homes

11.02.13 by Gabe Sanders

September 2013 Monthly Market Detail Martin County Single Family Homes

Positive reports for the September 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors. Surprisingly strong results compared to many other areas of the state for September. Closed sales were up by 58.5% (was 9.1% in August) and new sales under contract (new pending sales) increased by 24.1% (35.2% in August).

Both the median and average sales prices (year to year) increased this month by percentages of 35% and 21.9% respectively.

The inventory of available single family homes increased this month to 1216 units but this is still down by 9.3% from last September. Current supply of inventory is only 6.6 months (a 24.5% decrease from last year). We are now in a balanced market for residential sales in Martin County. Considering that this is typically the slower season for Martin County, I’m expecting a return to a sellers market once the holiday season is over.

Please look at the full Martin County single family market detail by clicking on the links below:

Click here to view or download the full report:
September 2013 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.

September 2013 Monthly Market Detail Martin County Single Family Homes

September 2013 Monthly Market Detail Florida Townhouses and Condos

11.01.13 by Gabe Sanders

September 2013 Monthly Market Detail Florida Townhouses and Condos

The September 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida continues to show gains though not as robust as they were in the spring of this year. Year to year closed sales were up by 11.4% as compared to last months increase of 6.3% and new sales under contract (new pending sales) increased by 4.6% (August’s increase was 11.6%).

Both median and average sales prices were up (year to year) by a healthy 23.5% and 16.9% respectively.

One item of concern is the active inventory which has decreased again, for September by 7.9%. The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale. This will also result in strong upward pressure on prices and at some point renewed activity in new construction. If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

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:
September 2013 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.

September 2013 Monthly Market Detail Florida Townhouses and Condos

September 2013 Monthly Market Detail Florida Single Family Homes

10.31.13 by Gabe Sanders

September 2013 Monthly Market Detail Florida Single Family Homes

More good news for the Florida real estate market as reported by Florida Realtors for the September 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida. All indices have once again moved in a positive direction with the exception of inventory (active listings), though not by quite as large percentages as last month. Year to year closed sales were up by 18.8% (was 12.5% in August) and new sales under contract (new pending sales) increased by 10.5% (was 17.2% in August).

Both median and average sales prices were up (September 2012 to September 2013) by 17.2% and 12.3% respectively. While improved over last year, the rate of increase is less for September as the seasonal influence of our real estate markets become apparent.

The inventory of available homes for sale remains a concern as it continues to decrease, down by 5.1% from last year. The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale. This will also result in strong upward pressure on prices and at some point renewed activity in new construction. If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

Please look at the full detail report for the rest of the story:

Click here to view or download the full report:
September 2013 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.

772-763-8506

Martin County Florida Residential Market Report for October 2013

December 2013 Market Update Westwood Country Estates Palm City

December 2013 Market Update Sewalls Landing

December 2013 Market Update Sewalls Landing

December 2013 Market Update Cobblestone Country Club

December 2013 Market Update Cobblestone Country Club

October 2013 Monthly Market Detail Martin County Townhouses and Condos

October 2013 Monthly Market Detail Martin County Townhouses and Condos

October 2013 Monthly Market Detail Martin County Single Family Homes

October 2013 Monthly Market Detail Martin County Single Family Homes

October 2013 Monthly Market Detail Florida Townhouses and Condos

October 2013 Monthly Market Detail Florida Townhouses and Condos

October 2013 Monthly Market Detail Florida Single Family Homes

October 2013 Monthly Market Detail Florida Single Family Homes

Hobe Sound Florida Market Report ZIP Code 33455 Condo October 2013

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for September 2013

Hobe Sound Florida Market Report ZIP Code 33455 Condo October 2013

Jensen Beach Florida Market Report ZIP Code 34957 Condo October 2013

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for October 2013

Jensen Beach Florida Market Report ZIP Code 34957 Condo October 2013

Palm City Florida Market Report ZIP Code 34990 Condo October 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2013

Palm City Florida Market Report ZIP Code 34990 Condo October 2013

Stuart Florida Market Report ZIP Code 34994 Residential October 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for October 2013

Stuart, FL Real Estate

Rental Properties

Condominium Properties

Vacant Land Properties

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Stuart Florida Market Report ZIP Code 34994 Residential October 2013

River Vista Condo Under Contract

River Vista Condo Under Contract

November 2013 Market Update High Point Sewalls Point

November 2013 Market Update High Point Sewalls Point

Martin County Florida Condo Market Report for September 2013

Martin County Florida Residential Market Report for September 2013

September 2013 Monthly Market Detail Martin County Townhouses and Condos

September 2013 Monthly Market Detail Martin County Townhouses and Condos

September 2013 Monthly Market Detail Martin County Single Family Homes

September 2013 Monthly Market Detail Martin County Single Family Homes

September 2013 Monthly Market Detail Florida Townhouses and Condos

September 2013 Monthly Market Detail Florida Townhouses and Condos

September 2013 Monthly Market Detail Florida Single Family Homes

September 2013 Monthly Market Detail Florida Single Family Homes

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