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:

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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:

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 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.

September 2013 Monthly Market Detail Florida Single Family Homes

Hobe Sound Florida Market Report ZIP Code 33455 Condo September 2013

10.30.13 by Gabe Sanders

Hobe Sound Florida Market Report ZIP Code 33455 Condo September 2013

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

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

There are currently 14 active condo listings. (Up by 3 condos from August)

3 Condo sales are pending and awaiting close or lender approval. (Down by 5 condos from August)

6 Condos sold in August (An increase of 5 condos from August)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. For the first time in many months we had a relatively large increase in active listings (by percentage). Pending sales dropped considerably while closed sales did take a nice increase.

The absorption rate for September dropped to 2.8 moths from last months buyers market of 14 months. Back to a strong sellers 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 September 2012 numbers were: 28 active listings, 7 pending sales and 2 closed sales. Other than this months pending sales decline, we compare quite favorable to last years numbers.

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

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Hobe Sound Florida Market Report ZIP Code 33455 Condo September 2013

Jensen Beach Florida Market Report ZIP Code 34957 Condo September 2013

10.28.13 by Gabe Sanders

Jensen Beach Florida Market Report ZIP Code 34957 Condo September 2013

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

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

There are currently 35 active listings. ( Increased by 5 condos from August)

17 Condo sales are pending and awaiting close or lender approval. (Down by 1 condo from August)

5 Condos Sold (A decrease of 7 condos from August)

The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market. Current inventory is at an all time low as compared to the past 10 years, though for September we did have an increase of 5 units. Pending sales were off by 1 while closed sales were down significantly.

The one month absorption rate for the September 2013, Jensen Beach Florida Market Report ZIP Code 34957 jumped to 7 months (2.5 months in August), signifying a step back into a slight buyers market after numerous months of a sellers market. A balanced market is considered to be a 6 month absorption rate favoring neither the buyer or seller.

The September 2012 numbers were: 48 active listings, 30 pending sales and 3 condos closed. The lower number of pending sales is troubling for future sales, however this years market activity compares favorably to September of 2012.

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

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Jensen Beach Florida Market Report ZIP Code 34957 Condo September 2013

Palm City Florida Market Report ZIP Code 34990 Condo September 2013

10.25.13 by Gabe Sanders

Palm City Florida Market Report ZIP Code 34990 Condo September 2013

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

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

There are currently 55 active condo listings. (Up by 2 condos from August)

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

5 Condos Sold in September. (Up by 5 condos from August)

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. September saw little change in this segment with the exception of 5 sales, after no sales back in August.

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

The September 2012 numbers were: 62 active listings, 6 pending sales and 4 closed sales. Better numbers for this year than for September of 2012.

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)

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Palm City Florida Market Report ZIP Code 34990 Condo September 2013

October 2013 Market Update Sunset Trace Palm City

10.16.13 by Gabe Sanders

October 2013 Market Update Sunset Trace Palm City

As of October 2013, there are only 4 active listings for sale in Sunset Trace. List prices vary from $95,000 to $159,900 with an average of $96.88 per square foot of living area. (No short sales or foreclosures)

There are currently 3 homes under contract and awaiting settlement. The listing prices range from $107,900 to $147,000 for an average list price of $91.88 per sq. ft. of living area. (Includes one foreclosure)

In the past 12 months, 32 homes have sold in Sunset Trace. Sales prices ranged from $64,299 to $145,000 for an average of $78.03 per sq. ft. and a 94% list to sales ratio. These sales included 4 foreclosures (bank owned) home and 5 short sales.

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

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

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

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

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Sunset Trace Villas and Townhomes for Sale

October 2013 Market Update Sunset Trace Palm City

Islesworth Home Sold in Palm City

10.15.13 by Gabe Sanders

Islesworth Home Sold in Palm City

4 bedroom CBS pool home with spectacular lake views. Gracious open split floor plan, vaulted ceilings, kitchen open to breakfast bar and family room. Oak hardwood in Lr, Dr, Fr., tile. New interior paint. Newer roof and AC. Accordion shutters. Easy access to I-95 and turnpike. Close to A rated Palm City elementary and Hidden Oaks middle school. Enjoy the beaches, shopping , restaurants, minutes away. Community tot lot

The Islesworth subdivision in Palm City is a very attractive neighborhood located in the heart of Palm City, FL in a non-gated community off of Route 714 (Martin Highway). This was a Pulte community with 113 homes being built from 1996 through 1998. Most homes are on spacious lots from just under to over ¼ acre sites.

Many homes enjoy serene water views as there are two smaller lakes in this community. Both single and two story homes with the vast majority being 4 bedroom homes though there are a number of 5 bedroom homes as well as a few 3 bedroom homes. The current HOA fees are a very reasonable $463.00 per quarter. The fees include maintenance and insurance of the common areas, roads, reserve funds and basic cable TV.

Islesworth is right next door to Hidden Oaks Middle School and only a short bike ride to Palm City Elementary School. Children in Islesworth go to Martin County High School which is approximately 5 miles away.

Close to grocery and other shopping as well as medical facilities and places of worship, Islesworth offers very easy access to most resident’s needs. For those needing to commute, both Florida’s Turnpike and I-95 are both only a short distance away.

Here are the currently available homes in Islesworth Home Sold in Palm City

For any questions you may have about Islesworth Home Sold in Palm City, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Palm City Florida Real Estate
Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Islesworth Home Sold in Palm City

Stuart Florida Market Report ZIP Code 34994 Residential September 2013

10.14.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential September 2013

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

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

There are currently 62 active listings (Up 3 from August)

36 Residential sales are pending and awaiting close or lender approval (Up 3 homes from August).

9 Homes Sold in August (Increased by 1 homes from August)

The 34994 ZIP code area of the Stuart, Florida had better activity for September than August. Somewhat surprising as this is usually a slower month. This is q a good indicator for the immediate future of the 34994 zip code market of Stuart. All indicators moved in a positive direction.

The one month absorption rate for the 34994 zip code for September decreased yo 6.9 months from last months 7.4 months. Almost a balnced market. A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The September 2012 numbers were 61 Active Listings, 37 pending sales and 12 closed sales. Unfortunately, for the 34994 zip code area of Stuart, FL the market had better activity last year as compared to September of 2013.

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

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

Rental Properties

Rental Properties for Rent in Stuart, Florida Between $0 – $500,000

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Stuart Florida Market Report ZIP Code 34994 Residential September 2013

River Vista Condo Open House Oct 13

10.12.13 by Gabe Sanders

River Vista Condo Open House Oct 13

Join us in Jensen Beach at the River Vista Condos on Oct 13 from 1 to 4 PM at 1950 NE Indian River Drive, Unit 203 in Jensen Beach, FL for an open house.

View more information about this wonderful home!

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River Vista Condo Open House Oct 13

October 2013 Market Update Stuart West Palm City

10.10.13 by Gabe Sanders

October 2013 Market Update Stuart West Palm City

There are currently 6 homes for sale in Stuart West. List prices range from $469,900 to 659,000 with an average asking price of $150.97 per sq. ft. of living area. None of the current listings are short sales or bank owned properties.

1 Home is under contract and awaiting sale. The listed price was $499,900 for an average of $131.14 per sq. ft. of living area. This is a bank owned foreclosure.

In the past 12 months, 11 homes have sold in the Stuart West. Sale prices ranged from $210,000 to $850,000 and the average sale price per sq. ft. of living area was $127.90. 3 of these sales were short sales and 1 was a bank owned property.

Stuart West is an upscale gated equestrian community located adjacent to the Stuart West and the Fox Club in western Palm City. Just off the I-95 exit, Stuart West is an easy commute for those who work either south or north of Martin County, yet want to enjoy the superior amenities that Palm City has to offer.

Stuart West resides on over 1,000 acres of pristine land with 249 home sites ranging from 2 to over 10 acres. There is over 11 miles of waterways located throughout the community which makes for an idyllic setting for this family friendly equestrian community.

Community amenities include a playground, community boat ramp to the C-23 canal, a 10 acre equestrian center, 24 hour manned security gate (shared with Cobblestone) and security patrols, and an underground cable and routing system for the best high end internet connectivity. All of this in Martin County’s ‘A’ rated school system. And school bus service is provided inside the community.

Currently, Stuart West’s children attend Citrus Grove Elementary, Hidden Oaks Middle and South Fork High Schools.

Home construction started in Stuart West in 1984 and continues to this day with approximately 52 vacant lots yet to be built upon. Though many of these lots are being kept as pastures by the adjacent homeowners. Home sizes range from 3 Bedroom, 2 Bath homes of around 2,000 sq. ft. of living area all the way to 7 Bedroom, 5 Bathroom estates with over 5,500 sq. ft. under air. The HOA fee is a very reasonable $121 per month which covers security and all the amenities this wonderful community has to offer.

More information about Stuart West can be found on their property owners’ website here.

Stuart West Homes for Sale

Vacant Land for Sale in Stuart West

October 2013 Market Update Stuart West Palm City

Martin County Florida Condo Market Report for August 2013

10.09.13 by Gabe Sanders

Martin County Florida Condo Market Report for August 2013

Commentary:

The Martin County Florida Condo Market for August 2013 showed better numbers than in previous years on a year to year comparison. Still a bit slower than we would like. Inventory decreased to 511 units (after a nice little jump last month). It was back in 2005 when we had steady inventory levels below 600 units. The median sales price decreased in August indicating the mix of sales has once again shifted to the less expensive mainland condos, though still above last year’s value significantly. Much of the median price results are driven by the mix of units selling. We had a good number of higher end waterfront condos sell in previous months. And, while prices are not declining any more in the overall market, they also are not making any large increases at this time. Prices remain very sensitive to the community and the available competition.

The one month absorption rate increased to 9.46 months from last months 8.92 months, while the three-month average is now at 8.5 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.

Click on the charts for a larger view:

Data compiled from the Realtor Association of Martin County

Martin County Florida Condo Market Report for August 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 August 2013

10.08.13 by Gabe Sanders

Martin County Florida Residential Market Report for August 2013

Commentary:

The Martin County Florida Residential Market for August 2013 continues to produce better results as compared to recent years. For July 2013, the inventory dropped below 1,000 homes for the first time since August of 2005, but we are now back to just over 1,000 homes on the market. If prices begin to rise with any significance in the broad market (they are already rising in certain segments), I expect the inventory to increase as more potential sellers that have been on the sidelines will enter the market.

Both median and average sales prices declined in August from last month, but are still improved year to year. The one month absorption rate for August 2013 decreased to 5.1 months (from 5.3 months in June), and the three-month average is 5 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.

We’ve had a very good run in the market to date this year. There are a few storm clouds on the horizon, though. Mainly higher interest rates and a very uncertain economy along with questionable activities coming from our legislators in Washington D.C.

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 August 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

August 2013 Monthly Market Detail Martin County Townhouses and Condos

10.03.13 by Gabe Sanders

August 2013 Monthly Market Detail Martin County Townhouses and Condos

The August 2013 Monthly Market Detail Martin County Townhouses and Condos continues to show positive year to year results. Though the gains for August are not quite as dynamic as they have been in the earlier months of 2013. Year to year closed sales were up by 1.3% ( down by 20.8% in July) while new sales under contract (new pending sales) increased by 4.9% (was 65.6% in July).

The median sales price increased by 16.3% (was up by 20.7% in July) while the average sales price rose by 13.4% (was up 10.2% in July) as compared to August of 2012.

The inventory of available townhouses and condos have decreased to 534 units which is a decrease of 34.1% from last August. Current supply of inventory is only 5.4 months (a 43.5% decrease from last year). For the Martin County townhouse and condo market we are now in a seller’s market. This will put significant pressure into possible rising values as long as a seller’s market persists.

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

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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

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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

Hobe Sound Florida Market Report ZIP Code 33455 Condo September 2013

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

Hobe Sound Florida Market Report ZIP Code 33455 Condo September 2013

Jensen Beach Florida Market Report ZIP Code 34957 Condo September 2013

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

Jensen Beach Florida Market Report ZIP Code 34957 Condo September 2013

Palm City Florida Market Report ZIP Code 34990 Condo September 2013

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

Palm City Florida Market Report ZIP Code 34990 Condo September 2013

October 2013 Market Update Sunset Trace Palm City

Islesworth Home Sold in Palm City

Islesworth Home Sold in Palm City

Stuart Florida Market Report ZIP Code 34994 Residential September 2013

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

Stuart, FL Real Estate

Rental Properties

Condominium Properties

Vacant Land Properties

Commercial Properties

Residential Properties

Stuart Florida Market Report ZIP Code 34994 Residential September 2013

River Vista Condo Open House Oct 13

River Vista Condo Open House Oct 13

October 2013 Market Update Stuart West Palm City

October 2013 Market Update Stuart West Palm City

Martin County Florida Condo Market Report for August 2013

Martin County Florida Residential Market Report for August 2013

August 2013 Monthly Market Detail Martin County Townhouses and Condos

August 2013 Monthly Market Detail Martin County Townhouses and Condos

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