Hobe Sound Florida Market Report ZIP Code 33455 Condo September 2013

10.30.13 by

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)Hobe Sound Florida Market Report ZIP Code 33455 Condo September 2013

 

 

3 Condo sales are pending and awaiting close or lender approval. (Down by 5 condos from August)
Hobe Sound Florida Market Report ZIP Code 33455 Condo September 2013

 

 

6 Condos sold in August (An increase of 5 condos from August)Hobe Sound Florida Market Report ZIP Code 33455 Condo September 2013

 

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:Hobe Sound Florida Market Report ZIP Code 33455 Condo September 2013

 

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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

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)
Jensen Beach Florida Market Report ZIP Code 34957 September August 2013

17 Condo sales are pending and awaiting close or lender approval. (Down by 1 condo from August)
Jensen Beach Florida Market Report ZIP Code 34957 September August 2013

 

5 Condos Sold (A decrease of 7 condos from August)
Jensen Beach Florida Market Report ZIP Code 34957 September August 2013


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:Jensen Beach Florida Market Report ZIP Code 34957 September August 2013

 

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

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)
Palm City Florida Market Report ZIP Code 34990 Condo September 2013

8 Condo sales are pending and awaiting close or lender approval. (Decreased by 2 condos from last month)
Palm City Florida Market Report ZIP Code 34990 Condo September 2013

 

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

Palm City Florida Market Report ZIP Code 34990 Condo September 2013

 

 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:

Palm City Florida Market Report ZIP Code 34990 Condo September 2013

 

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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

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

Islesworth Home Sold in Palm City

Islesworth Home Palm City FL

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

Islesworth Home Palm City FL

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. 

Islesworth Home Palm City FL

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 Home Palm City FL

 

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. 

Islesworth Playground

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.

 

Islesworth Entrance 

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

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Islesworth Home Sold in Palm City

Stuart Florida Market Report ZIP Code 34994 Residential September 2013

10.14.13 by

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)

Stuart Florida Market Report ZIP Code 34994 Residential August 2013

 

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

Stuart Florida Market Report ZIP Code 34994 Residential August 2013 

9 Homes Sold in August (Increased by 1 homes from August)
Stuart Florida Market Report ZIP Code 34994 Residential August 2013

 

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.

 Stuart Florida Market Report ZIP Code 34994 Residential August 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

 

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Stuart, FL Real Estate

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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

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.

River Vista Condo in Jensen Beach 

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.

River Vista Condo in Jensen Beach

River Vista Condo in Jensen Beach

 River Vista Condo in Jensen Beach

 

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

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 in Palm City FL

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 in Palm City FL

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.

Stuart West in Palm City FL

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.

Stuart West in Palm City FL

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.

Stuart West in Palm City FL

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

 

Stuart West Homes for Sale

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October 2013 Market Update Stuart West Palm City

Martin County Florida Condo Market Report for August 2013

10.09.13 by

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.

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 year.

Click on the charts for a larger view:Martin County Condo Market Report August 2013

 

  Martin County Condo Market Report August 2013

 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.Martin County Condo Market Report August 2013

Martin County Condo Market Report August 2013

 

Data compiled from the Realtor Association of Martin County

Martin County Florida Condo Market Report for August 2013

the Gabe Sanders real estate team

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Martin County Florida Residential Market Report for August 2013

10.08.13 by

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.Martin County Residential Market Report August 2013

 

 

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.Martin County Residential Market Report August 2013

Martin County Residential Market Report August 2013Martin County Residential Market Report August 2013

 

 

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:

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August 2013 Monthly Market Detail Martin County Townhouses and Condos

10.03.13 by

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.Martin County Townhome Condo

 

 

 

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.

August 2013 Monthly Market Detail Martin County Townhouses and Condos

August 2013 Monthly Market Detail Martin County Single Family Homes

10.02.13 by

August 2013 Monthly Market Detail Martin County Single Family Homes

Positive reports for the August 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors, though not quite as robust as last month.   Closed sales were up by 9.1% (was 18.2% in July) and new sales under contract (new pending sales) increased by 35.2% (42.1% in July).

Both the median and average sales prices (year to year) increased this month by percentages of 17% and 29.8% respectively.

The inventory of available single family homes have decreased to 1102 units which is down by 21.1% from last August.  Current supply of inventory is only 6.2 months (a 31.4% decrease from last year).  We are now in a balanced market for residential sales in Martin County.  There’s no reason not to expect a seller’s market should the inventory continue to decrease.

Martin County Single Family

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:
August 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.

August 2013 Monthly Market Detail Martin County Single Family Homes

August 2013 Monthly Market Detail Florida Townhouses and Condos

09.29.13 by

August 2013 Monthly Market Detail Florida Townhouses and Condos

The August 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 6.3% as compared to last months increase of 16.8% and new sales under contract (new pending sales) increased by 11.6% (July’s increase was 20.7%).

Both median and average sales prices were up (year to year) by a healthy 25.2% and 18.6% respectively. 

One item of concern is the active inventory which has decreased again, for August by 13.8%.  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.Florida Townhome Condo

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

 

 

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

August 2013 Monthly Market Detail Florida Townhouses and Condos

August 2013 Monthly Market Detail Florida Single Family Homes

09.28.13 by

August 2013 Monthly Market Detail Florida Single Family Homes

More good news for the Florida real estate market as reported by Florida Realtors for the August 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 12.5% (was 20.9% in July) and new sales under contract (new pending sales) increased by 17.2% (was 25.9% in June).

Both median and average sales prices were up (August 2012 to August 2013) by 18.6% and 13.6% respectively.  August results are very positive though slightly less robust than July

The inventory of available homes for sale remains a concern as it continues to decrease, down by 12.3% 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.Florida Single Family Market Detai

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

 

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

August 2013 Monthly Market Detail Florida Single Family Homes

Hobe Sound Florida Market Report ZIP Code 33455 Condo August 2013

09.26.13 by

Hobe Sound Florida Market Report ZIP Code 33455 Condo August 2013

 

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

 

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

 

There are currently 14 active condo listings. (Down by 2 condos from July)
Hobe Sound Florida Market Report ZIP Code 33455 Condo August 2013

 

 

8 Condo sales are pending and awaiting close or lender approval. (Down by 2 condos from July)
Hobe Sound Florida Market Report ZIP Code 33455 Condo August 2013

 

 

1 Condos sold in July (Decreased by 4 condos from July)Hobe Sound Florida Market Report ZIP Code 33455 Condo August 2013

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  With an inventory of only 12 active condos it’s not surprising to see decreasing market activity in this segment of the market.  All 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 absorption rate for August jumped to 14 moths from last months sellers market of 3.2 months.  Back to a strong buyer 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. 

The August 2012 numbers were:  26 active listings, 7 pending sales and 2 closed sales.   Inventory is less than half of last year, which relates to the slower activity for August of 2013.

 

Please use the charts below as reference only as they rely on all residential types of property in the 33455 real estate market:Hobe Sound Florida Market Report ZIP Code 33455 Condo August 2013

 

Search here for Hobe Sound Florida Real Estate for Sale ( Condos)
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Hobe Sound Florida Market Report ZIP Code 33455 Condo August 2013

 

Jensen Beach Florida Market Report ZIP Code 34957 Condo August 2013

09.24.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Condo August 2013

 

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

 

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

There are currently 30 active listings. ( Decreased by 1 condo from July)
Jensen Beach Florida Market Report ZIP Code 34957 Condo August 2013

 

17 Condo sales are pending and awaiting close or lender approval. (Down by 2 condos from July)
Jensen Beach Florida Market Report ZIP Code 34957 Condo August 2013

 

12 Condos Sold (An increase of 3 condos from July)
Jensen Beach Florida Market Report ZIP Code 34957 Condo August 2013


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.   The inventory went down again, though only by 1 unit and pending sales were off by 2, but still very strong as compared to the available inventory.  Closed sales were up by 3 condos.

The one month absorption rate for the August 2013, Jensen Beach Florida Market Report ZIP Code 34957 dropped to 2.5 months (3.4 months in July), signifying a continuing strong sellers market. A balanced market is considered to be a 6 month absorption rate favoring neither the buyer or seller.

The August 2012 numbers were: 50 active listings, 27 pending sales and 4 condos closed.   Even with considerably less available condos, 3013 activity continues to outperform 2012.  This is an excellent time to sell a condo in the Jensen Beach area of Martin County.


 

Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:Jensen Beach Florida Market Report ZIP Code 34957 Condo August 2013

 

Search here for Jensen Beach Real Estate for Sale


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Jensen Beach Florida Market Report ZIP Code 34957 Condo August 2013

Palm City Florida Market Report ZIP Code 34990 Condo August 2013

09.23.13 by

Palm City Florida Market Report ZIP Code 34990 Condo August 2013

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

 

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



There are currently 53 active condo listings. (Down by 1 condo from July)
Palm City Florida Market Report ZIP Code 34990 Condo August 2013

 

 

10 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from last month)
Palm City Florida Market Report ZIP Code 34990 Condo August 2013

 

0 Condos Sold in August. (Down 6 condos from July)

 

 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.  There were no sales in August for condos, while the inventory and pending sales moved only by one condo each.

 
The current absorption rate for condos in the 34990 zip code area is not available with zero sales.  A balanced market is considered to be an absorption rate of around 6 months.
 
The August 2012 numbers were: 63 active listings, 6 pending sales and 4 closed sales.   The higher pending numbers this year should indicate some sales in the near future.

 

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:Palm City Florida Market Report ZIP Code 34990 Condo August 2013

 

 

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Palm City Florida Market Report ZIP Code 34990 Condo August 2013

Stuart Florida Market Report ZIP Code 34994 Residential August 2013

09.11.13 by

Stuart Florida Market Report ZIP Code 34994 Residential August 2013

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

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

 

There are currently 59 active listings (Up 4 from July).Stuart Florida Market Report ZIP Code 34994 Residential August 2013

 

33 Residential sales are pending and awaiting close or lender approval (Up 4 homes from July).Stuart Florida Market Report ZIP Code 34994 Residential August 2013

 

 

8 Homes Sold in July (Decreased by 7 homes from July)Stuart Florida Market Report ZIP Code 34994 Residential August 2013

 

The 34994 ZIP code area of the Stuart, Florida had a decrease in closed (sold) sales for the month of August.  On a positive note, the inventory rose slightly (for the second month in a row), though the inventory of available homes is still very low and is one reason for the lower number of closed sales.  Pending sales did go up from July and this is a good sign for future closed sales.

The one month absorption rate for the 34994 zip code for August rose to 7.4 months from last months 3.7 months.  Back into a very slight buyers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage. 

The August 2012 numbers were 58 Active Listings, 38 pending sales and 14 closed sales.   Unfortunately, for the 34994 zip code area of Stuart, FL the market was fractionally better last year as compared to August 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:Stuart Florida Market Report ZIP Code 34994 Residential August 2013

 

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential August 2013

South Fork Estates Market Update for September 2013

09.02.13 by

South Fork Estates Market Update for September 2013

There is currently only one home for sale in South Fork Estates.  The listing price is $348,500 which equates to $154.96 per sq. ft. of living area.

There are currently no homes under contract, pending a sale in South Fork Estates

In the past 12 months, there have been 8 sales in South Fork Estates.  Two of these homes were short sales..  Sales prices ranged from $215,000 to $370,000.  The average sales price per square foot of living area was $136.01 at a 96% list to sales ratio.

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

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

Lake in South Fork Estates in Stuart FL

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

Home in South Fork Estates in Stuart FL

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

Pool View from South Fork Estates in Stuart FL

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

South Fork Estates in Stuart FL - RV and Boat Lot

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

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

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South Fork Estates Market Update for September 2013

July 2013 Monthly Market Detail Martin County Townhouses and Condos

08.31.13 by

July 2013 Monthly Market Detail Martin County Townhouses and Condos

The July 2013 Monthly Market Detail Martin County Townhouses and Condos continues to show positive year to year results.  We’ve had a very impressive run so far in 2013 with no signs of abatement.   Year to year closed sales were up by 20.8% ( down by 18% in June) while new sales under contract (new pending sales) increased by 65.6% (was 38.3% in June).

The median sales price increased by 20.7% (was up by 14.6% in June) while the average sales price rose by 10.2% (was up 25.3% in June) as compared to July of 2012.

The inventory of available townhouses and condos have decreased to 545 units which is a decrease of 31.5% from last July.  Current supply of inventory is only 5.5 months (a 41.4% 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.Martin County Townhouses and Condos Market Detail July 2013

 

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

July 2013 Monthly Market Detail Martin County Townhouses and Condos