Martin County Florida Residential Market Report for June 2013

08.05.13 by

Martin County Florida Residential Market Report for June 2013

 

Commentary:

The Martin County Florida Residential Market for June 2013 continues to outpace recent years with continued strong sales activity.   For June, we had a slight rise in inventory (to 1,015 units) which is a positive sign as we need inventory for this market to continue to improve.  Closed sales increased from May and were also considerably better than last June’s numbers.  All signs of a good healthy recovery.

Both median and average sales prices rose in June and are much improved over last year’s prices as indicated in the graphs below.  The one month absorption rate for June 2013 decreased slightly to 4.72 months (from 4.74 months in May), and the three-month average stands at 4.66 months.  A 6 month absorption rate is considered to be a balanced market, so we are officially in a a sellers market in Martin County.  As late summer and fall approaches, we typically can expect a small decline in activity.

It appears that there is some improvement in the economy that is leading to a more positive outlook in consumer confidence.  While there is still much room for improvement, we are currently trending in the right direction.

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

res absorp

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.

res numb

res price

res trend

 

Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Residential Market Report for June 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

The Yacht and Country Club of Stuart August 2013 Market Report

08.01.13 by

The Yacht and Country Club of Stuart August 2013 Market Report

August 2013 Market Update:

There are 14 homes currently for sale in the Yacht and Country Club of Stuart.  Listing prices are from $295,000 to $1,200,000. Of these homes, two are short sales.  (Average of $181.18 per square foot of living area)

There are currently 8 homes under contract ranging in listing price from $127,000 to $432,600.  Three of these homes are short sales and one is a bank owned foreclosure.  (Average of $106.84 per square foot of living area)

38 homes have sold in the past 12 months.  Ranging in sales price from $109,900 to $739,900. 3 of these homes were short sales and 4 were bank owned foreclosures.  (the average sales price was $275,233 or $110.84 per sq. ft. of living area).


The Yacht and Country Club of Stuart, Florida Golf Course

One of the first gated golf communities in Martin County, the , Florida remains among the preeminent communities on Florida’s Treasure Coast for both the golf and yachting enthusiast.  This fine gate guarded community boasts water front homes that are only minutes from the Saint Lucie inlet and the Atlantic Ocean.  Easy access for day trips to the Bahamas and back and a true fisherman’s paradise.

The Yacht and Country Club of Stuart, Florida Clubhouse

The ‘Stuart’ golf course at the Yacht  & Country Club of Stuart, Florida features a professional 18 hole course with 6,466 yards of golf from the longest tees for a par of 71 . The course rating is 71.2 and it has a slope rating of 125 on Bermuda grass. Driving range and putting greens are also provided at this club.

The Yacht and Country Club of Stuart, Florida Canal

The clubhouse at the Yacht and Country Club of Stuart offers a professionally appointed fitness center with a a resident massage therapist.  Tennis is provided by ix lighted Har-tru tennis courts and also residents are provided with two lighted croquet lawns.

The Yacht and Country Club of Stuart, Florida Homes

There is a heated swimming pool open daily and water aerobics is offered on a weekly basis. The Yacht and Country Club of Stuart has a formal Dining Room that has earned itself a reputation as one of Stuart’s finest dining establishments. Also offered is the “Grill Room” for those who would like to enjoy a more casual dining experience.

The Yacht and Country Club of Stuart, Florida Homes

Truly a wonderful place to call home.

 

Search here for available homes in the Yacht and Country Club of Stuart, Florida
Yacht and Country Club of Stuart, Florida - Homes for Sale

The Yacht and Country Club of Stuart August 2013 Market Report

June 2013 Monthly Market Detail Martin County Townhouses and Condos

07.30.13 by

June 2013 Monthly Market Detail Martin County Townhouses and Condos

While there were positive results in pricing year to year for the June 2013 Monthly Market Detail Martin County Townhouses and Condos, sales numbers were off for the month.   Year to year closed sales were down by 12.8% ( up by 28% in May) while new sales under contract (new pending sales) increased by 38.3% (was 56.6% in May).

The median sales price increased by 14.6% (was off 5.5% in May) while the average sales price rose by 25.3% (was up 9.74% in May) as compared to June of 2012.

The inventory of available townhouses and condos have decreased to 547 units which is a decrease of 33.5% from last June.  Current supply of inventory is only 5.6 months (a 33.5% decrease from last year).  For the Martin County townhouse and condo market we are now in a slight seller’s market.  This will put significant pressure into possible rising values as long as a seller’s market persists.

June 2013 Market Detail for Martin County Townhouses and Condos

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

June 2013 Monthly Market Detail Martin County Townhouses and Condos

June 2013 Monthly Market Detail Martin County Single Family Homes

07.29.13 by

June 2013 Monthly Market Detail Martin County Single Family Homes

Another month of solid gains year to year for the June 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors.   Closed sales were up by 24.4% and new sales under contract (new pending sales) increased by 43.9%

Both the median and average sales prices increased this month (after decreases in May)by percentages of 13.8% and 31% respectively.

The inventory of available single family homes have decreased to only 1102 units which is down by 28.3% from last June.  Current supply of inventory is only 6.3 months (a 39.5% decrease from last year).  We are now at a balance market for residential sales in Martin County.  There’s no reason not to expect a sellers market should the inventory continue to decrease.

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

June 2013 Market Detail for Martin County Single Family

 

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

June 2013 Monthly Market Detail Martin County Single Family Homes

June 2013 Monthly Market Detail Florida Townhouses and Condos

07.28.13 by

June 2013 Monthly Market Detail Florida Townhouses and Condos

The positive trend from the spring has slowed for the June 2013 Monthly Market Detail Florida Townhouses and Condos for the entire state of Florida.   Year to year closed sales were off by 2.5% as compared to last months increase of 18.7% and while new sales under contract (new pending sales) increased by 14.2% (May’s increase was 30.8%).

Both median and average sales prices were up (June 2012 to June 2013) by 18.2% and 13.9% respectively (higher than May’s). 

One item of concern is the active inventory which has decreased by 20%.  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:

June 2013 Market Detail for Florida Townhouses and Condos

 

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

June 2013 Monthly Market Detail Florida Townhouses and Condos

June 2013 Monthly Market Detail Florida Single Family Homes

07.27.13 by

June 2013 Monthly Market Detail Florida Single Family Homes

Another positive month of results reported by Florida Realtors for the June 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida.  All indices have moved in a positive direction though at a more modest pace than for the past few months.  Year to year closed sales were up by 8.6% (was 18.7% in May) and new sales under contract (new pending sales) increased by 23.1% (was 30.8% in May).

Both median and average sales prices were up (June 2012 to June 2013) by 15.1% and 14.2% respectively. 

The inventory of available homes for sale remains a concern as it continues to decrease, down by 22% 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:

June 2013 market detail for Florida Single Family

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

June 2013 Monthly Market Detail Florida Single Family Homes

Hobe Sound Florida Market Report ZIP Code 33455 Condo, June 2013

07.25.13 by

Hobe Sound Florida Market Report ZIP Code 33455 Condo, June 2013

 

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

 

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

 

There are currently 19 active condo listings. (Down by 2 condos from May)

[singlepic id=3744 w=500 h=500 float=center]

 

10 Condo sales are pending and awaiting close or lender approval. (Up by 5 condos from May)

[singlepic id=3745 w=500 h=500 float=center]

 

0 Condos sold in June (Down 4 condos from May)

 

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  There were no sales for condos in June, whoever pending sales doubled to 10 units. Inventory is only 19 units making meaningful interpretation of this market fairly meaningless with such low numbers in this segment of the Martin County condo market.

With 0 sales, the absorption rate for June is nonexistent.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. 

The June 2012 numbers were:  30 active listings, 8 pending sales and 6 closed sales.   Pending sales remain stronger than in 2012, and the inventory is off by 30%.  Should see these pending condos translate into sales in the coming months.


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

[singlepic id=3747 w=700 h=700 float=center]

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

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound Florida Market Report ZIP Code 33455 Condo, June 2013

 

Palm Cove Golf and Yacht Club July 2013 Market Update

07.24.13 by

Palm Cove Golf and Yacht Club July 2013 Market Update

There are currently 23 homes actively listed in Palm Cove Yacht and Golf Cub for July 2013 in Palm City, Florida.  List prices range from a low of $243,000 to the highest which is a waterfront home for $2,375,000.  The average list price is $625,965 at $176.66 per square foot of living area.

There is only one town home under contract awaiting closing.  The list price is $239,00 which equates to $157.96 per square foot of living area.

In the past 12 months, 27 homes have sold in Palm Cove Yacht and Golf Cub with an average sales price of $436,493 at $147.25 per square foot of living area.  The lowest sales price was $185,000 while the highest was $1,250,000.

Palm Cove Golf and Yacht Club in palm City Florida

The Palm Cove Golf and Yacht Club in Palm City Florida includes 206 residences, ranging from spacious condos with garages to townhomes, fairway homes to multimillion dollar waterfront homes on the shores of the north fork of the wide Saint Lucie River.

Palm Cove Golf and Yacht Club in palm City Florida

This magnificent community boasts a championship Chi Chi Rodrigues designed golf course. Memberships are available to both residents and non-residents and membership is not mandatory.  In addition to golf, boaters enjoy a 93 slip deep water marina with docks available for over 50’ vessels.

Palm Cove Golf and Yacht Club in palm City Florida

There’s a magnificent club house located riverside by the marina.  Residents enjoy 24 hour security from the manned gated entrance.  The Palm Cove Golf and yacht Club is separated into two main sections.  Fairway homes are on the south side of Mapp Road with the entrance across the main entrance to palm Cove and is controlled by remote from the main security gate.

Palm Cove Golf and Yacht Club in palm City Florida

In the main section, are the estate homes, town-homes at Island creek as well as the condos at ‘the Links’.   Homes range from 1500 sq. ft. town-homes with 2 bedrooms, 2 bathrooms and 2 car garages all the way up to 6,000 sq. ft. plus waterfront residences with 5 bedrooms, office, 6 and ½ bathrooms and 3 car garages.  Home owner (HOA) fees vary from section to section.  The estate homes run approximately $450 per month, while in the fairways section they are around $550 per month, but include landscaping.  For a complete list of fees, please give us a call.

Palm Cove Golf and Yacht Club in palm City Florida

Palm Cove families enjoy a quiet secluded lifestyle yet are close to shopping, restaurants and the beaches of Martin County.  Children attend an ‘A’ rated Martin County school system to the following schools:  Bessey Creek elementary, Hidden Oaks middle and Martin County High.

Currently, these homes are available for sale in the Palm Cove Golf and Yacht Club

 

For any questions you may have about the palm Cove Yacht and Golf Club in Palm City Florida, 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

Palm Cove Golf and Yacht Club July 2013 Market Update

Jensen Beach Florida Market Report ZIP Code 34957 Condo June 2013

07.24.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Condo June 2013

 

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

 

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

There are currently 31 active listings. ( A decrease of 13 condos from May)

[singlepic id=3748 w=500 h=500 float=center]

 

24 Condo sales are pending and awaiting close or lender approval. (Unchanged from May)

[singlepic id=3749 w=500 h=500 float=center]

 

7 Condos Sold (Unchanged from May)

[singlepic id=3750 w=800 h=800 float=center]

 


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.   No changes for the June numbers for both pending and closed sales while the inventory dropped by close to 25% to only 31 active units.  If this low level continues, sales numbers are almost a certainty to drop lower.

The one month absorption rate for the June 2013, Jensen Beach Florida Market Report ZIP Code 34957 is now down to 4.4 months, signifying a shift to a sellers market. A balanced market is considered to be a 6 month absorption rate favoring neither the buyer or seller.

The June 2012 numbers were: 58 active listings, 21 pending sales and 6 condos closed.   When the reduced inventory is factored into this activity, this years numbers are much more active.


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

[singlepic id=3751 w=700 h=700 float=center]

Search here for Jensen Beach Real Estate for Sale


Jensen Beach Florida Real Estate presented by:
Gabe Sanders

 

Jensen Beach Florida Market Report ZIP Code 34957 Condo June 2013

Palm City Florida Market Report ZIP Code 34990 Condo June 2013

07.21.13 by

Palm City Florida Market Report ZIP Code 34990 Condo June 2013

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

 

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



There are currently 54 active condo listings. (Up by 2 condos from May)

[singlepic id=3752 w=500 h=500 float=center]

 

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

[singlepic id=3753 w=500 h=500 float=center]

 

8 Condos Sold in June. (Up 5 condos from May)

[singlepic id=3754 w=800 h=800 float=center]

 

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.   Sales were up by more than double from last month, while pending sales were off by 2 condos, and a small increase of 2 condos to the inventory.
 
The current absorption rate for condos in the 34990 zip code area dropped to 6.8 months.  A steep drop to almost a balanced market for this month, as a balanced market is considered to be an absorption rate of around 6 months.
 
The June 2012 numbers were: 66 active listings, 5 pending sales and 3 closed sales.   Even with the significantly lower number of active condo listings, this year’s activity is much better.

 

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

[singlepic id=3755 w=700 h=700 float=center]

 

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


Palm City Florida Real Estate presented by:
Gabe Sanders

 

Palm City Florida Market Report ZIP Code 34990 Condo June 2013

Stuart Florida Market Report ZIP Code 34994 Residential June 2013

07.10.13 by

Stuart Florida Market Report ZIP Code 34994 Residential June 2013

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

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

 

There are currently 54 active listings (Down 2 from May).

[singlepic id=3719 w=400 h=400 float=center]

 

36 Residential sales are pending and awaiting close or lender approval (Down 6 homes from May).

[singlepic id=3720 w=400 h=400 float=center]

 

11 Homes Sold in May (Increased by 2 homes from May)

[singlepic id=3721 w=800 h=800 float=center]

 

Closed sales were up by two homes in the 34994 ZIP code area of the Stuart, Florida.   Available homes for sale (Inventory) are now down to only 54 homes.   Pending sales were off a little for May, but still remain strong for the size of this market.  If the inventory remains at these low levels, sales numbers will be declining in the future.  But, if prices continue to rise, I will be expecting a growth in inventory for the approaching winter season.

The one month absorption rate for the 34994 zip code for June dropped to 4.9 months. which signifies a seller’s market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The June 2012 numbers were 70 Active Listings, 50 pending sales and 9 closed sales.  Considering the lower inventory this year as compared to last, market activity is quite strong for the 34994 zip code area of this Stuart residential home market.

 

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

 [singlepic id=3726 w=700 h=700 float=center]

Search here for Stuart Florida Real Estate for Sale

 

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

 

Stuart, FL Real Estate

Rental Properties

Condominium Properties

Vacant Land Properties

Commercial Properties

Residential Properties

 

Stuart Florida Market Report ZIP Code 34994 Residential June 2013

Martin County Florida Condo Market Report for May 2013

07.07.13 by

Martin County Florida Condo Market Report for May 2013

 

Commentary:

The Martin County Florida Condo Market for May 2013 was strong, though it retreated considerably from the excellent April numbers.   85 condos sold in May (compared to 128 in April).   Better numbers, year to year, but not excellent.  The inventory of available condos dropped again (fifth month in a row) to only 544 condos.  This low number is beginning to effect prices and at long last it appears that condo prices are starting to rise.   The median sales price was down compared to April, but this is a reflection of the larger number of lower priced condos that sold this month, rather than decreasing value.  Summer is upon us and typically the condo market slows down during the summer months.

The one month absorption rate increased to 6.4 months from last months 4.46 months, while the three-month average is now at 5.71 months.  Basically a balanced market for the time being.  Generally an absorption rate of 6 or 7 months is considered a balanced market.

The low inventory rates and rising interest rates are troubling and could possibly have a negative effect on the condo market recovery.

[singlepic id=3707 w=800 h=600 float=center]
  

 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.

[singlepic id=3708 w=800 h=600 float=center]

[singlepic id=3709 w=800 h=600 float=center]

[singlepic id=3710 w=800 h=600 float=center]

 

Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Condo Market Report for May 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 May 2013

07.06.13 by

Martin County Florida Residential Market Report for May 2013

 

Commentary:

The Martin County Florida Residential Market Report for May 2013 continues the strong trend for 2013.   Considering that the available inventory has shrunk considerably, the number of sales for the month is quite impressive.  In fact, our inventory levels are approaching numbers that may have a negative effect on sales volume in the upcoming months.  Additionally, interest rates have been heading up recently.  Hopefully, this will not negatively impact our recovery. 

The median sales price was off from last month, but the average was slightly higher.  The inventory declined to only 1000 homes.   The one month absorption rate for May 2013 increased slightly to 4.74 months (from 4.52 months in April), and the three-month average is now down to 4.54 months.  A 6 month absorption rate is considered to be a balanced market, so we are officially in a a sellers market in Martin County.  As late summer and fall approaches, we typically can expect a small decline in activity.

We are still in need of good news about the economy as well as additional inventory to keep our real estate market recovery going strong.

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

[singlepic id=3711 w=800 h=600 float=center]

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.

[singlepic id=3712 w=800 h=600 float=center]

[singlepic id=3713 w=800 h=600 float=center]

[singlepic id=3714 w=800 h=600 float=center]

 

Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Residential Market Report for May 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

May 2013 Monthly Market Detail Martin County Townhouses and Condos

06.29.13 by

May 2013 Monthly Market Detail Martin County Townhouses and Condos

Another set of positive results reported by Florida Realtors for the May 2013 Monthly Market Detail Martin County Townhouses and Condos.   Year to year closed sales were up by 28% and new sales under contract (new pending sales) increased by a very impressive 56.6%

The median sales price decreased by 5.5% while the average sales price rose by 9.74% as compared to May of 2012.

The inventory of available townhouses and condos have decreased to 612 units which is a decrease of 28.4% from last May.  Current supply of inventory is only 6.2 months (a 39.2% decrease from last year).  For the Martin County townhouse and condo market, these results are very similar to our single family home market as both segments rapidly approach a balanced market that favors neither the buyer nor seller.

[singlepic id=3704 w=700 h=700 float=center]

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

May 2013 Monthly Market Detail Martin County Townhouses and Condos

May 2013 Monthly Market Detail Martin County Single Family Homes

06.28.13 by

May 2013 Monthly Market Detail Martin County Single Family Homes

Solid market activity though not as strong as previous spring reports for the May 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors.   Year to year closed sales were up by 5.5% and new sales under contract (new pending sales) increased by 43.7%

Both the median and average sales prices decreased this month by year to year percentages of 16.3% and 20.2% respectively.

The inventory of available single family homes have decreased to only 1166 units which id down by 29.9% from last May.  Current supply of inventory is only 6.8 months (a 40.2% decrease from last year).   If this trend continues (and we see no reason to doubt it) we will soon be in a balanced market for the single family real estate market in Martin County.  There’s no reason not to expect a sellers market should the inventory continue to decrease.

[singlepic id=3703 w=700 h=700 float=center]

 

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

May 2013 Monthly Market Detail Martin County Single Family Homes

May 2013 Monthly Market Detail Florida Townhouses and Condos

06.27.13 by

May 2013 Monthly Market Detail Florida Townhouses and Condos

More positive results reported by Florida Realtors for the May 2013 Monthly Market Detail Florida Townhouses and Condos for the entire state of Florida.  All indices have moved in a positive direction again as have the single family report for May 2013.  Year to year closed sales were up by 18.7% and new sales under contract (new pending sales) increased by a whopping 30.8%.

Both median and average sales prices were up (May 2012 to May 2013) by 15.9% and 11.4% respectively. 

One item of concern is the active inventory which has decreased by almost 23.7%.  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.

[singlepic id=3702 w=700 h=700 float=center]

 

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

May 2013 Monthly Market Detail Florida Townhouses and Condos

Rocky Point June 2013 Market Update

06.26.13 by

Rocky Point June 2013 Market Update

Here is your Rocky Point June 2013 market update in Stuart Florida:

There are currently 34 active listings in Rocky Point.  The average list price is $511,105 based on $175.90 per square foot of living area.

12 homes are under contract (pending sales).  These include three short sales and no bank owned properties.  The average list price is $295,560 at $174.23 per square foot.

In the past 12 months, 66 homes have sold in Rocky Point at an average sales price of $213,638 at $116.82 per square foot of living area.   The highest priced sale was $975,000 and the lowest was $67,000.   These sales included 9 short sales and 1 bank owned foreclosure.

Rocky Point Homes for Sale in Stuart, Florida

 Rocky Point real estate

 

Rocky Point in Stuart, FL is a wonderful boating oriented community located just off the Saint Lucie Inlet in beautiful Martin County Florida.  Originally a fishing village because of its proximity to the Atlantic Ocean; Rocky Point is now a wonderful family community with a variety of different neighborhoods.  Most of Rocky Point is still oriented towards fisherman and boaters with many of the neighborhoods having access to docks, marinas and/or boat ramps.  Some neighborhoods have deeded dock rights as well as privately owned ramps and launch facilities.  There is also a selection of some luxury waterfront homes with private docks located only a short few minutes cruise to the open Ocean via the Saint Lucie Inlet and within a day’s round trip to the Bahamas.

 Rocky Point real estate

Bordering Rocky Point to the north and west is the Manatee Pocket.  Home of the original Stuart Sailfish fleet (Stuart continues to proudly boast that it’s the ‘Sailfish Capitol of the World’).  Now home to a number of Marinas, Charter fleets and the famous Chapman School of Seamanship as well as quite a few excellent restaurants serving the freshest seafood arriving from the Ocean straight to the kitchens daily.

 Rocky Point real estate

All this in wonderful family friendly neighborhoods within Martin County’s ‘A’ rated schools system. 

Rocky Point real estate

One of the highlights of the year for Rocky Point is the Port Salerno Seafood Festival.  Held yearly in the winter, this free festival fills the streets of Historic Port Salerno.  In addition to serving up the area’s freshest and tastiest seafood, live music, community booths, arts & crafts, activities for the kids, pirates and more keep the entire family entertained the whole day.        

Rocky Point real estate Admission is FREE, though attendees are asked to bring canned goods in exchange for zero admission to benefit a food drive for local food banks.

 Rocky Point real estate

 

 

Search the Martin County MLS
Search here for available homes in Rocky Point

 

Find the Perfect Home for Sale Today

Prices are low and the inventory has been shrinking.  Don’t miss the opportunity of a lifetime.  Search instantly for any size, location, price range to get you the BEST deal around!!!

courtesy of:
the Gabe Sanders real estate team

Stuart Florida Real Estate
 

Rocky Point June 2013 Market Update

 

May 2013 Monthly Market Detail Florida Single Family Homes

06.25.13 by

May 2013 Monthly Market Detail Florida Single Family Homes

Another positive month of results reported by Florida Realtors for the May 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida.  All indices have moved in a positive direction.  Year to year closed sales were up by 18.7% and new sales under contract (new pending sales) increased by 30.8%.

Both median and average sales prices were up (May 2012 to May 2013) by 15.9% and 11.4% respectively. 

One item of concern is the active inventory which has decreased by 23.7%.  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.

[singlepic id=3701 w=700 h=700 float=center]

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

May 2013 Monthly Market Detail Florida Single Family Homes

Hobe Sound Florida Market Report ZIP Code 33455 Condo, May 2013

06.24.13 by

Hobe Sound Florida Market Report ZIP Code 33455 Condo, May 2013

 

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

 

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

 

There are currently 21 active condo listings. (Unchanged from April)

[singlepic id=3659 w=600 h=600 float=center]

[singlepic id=3660 w=600 h=600 float=center]

 

5 Condo sales are pending and awaiting close or lender approval. (Decreased by 2 condos from April)

[singlepic id=3661 w=600 h=600 float=center]

 

4 Condos sold in May (Down 1 condos from April)

[singlepic id=3662 w=600 h=600 float=center]

[singlepic id=3663 w=600 h=600 float=center]

[singlepic id=3664 w=600 h=600 float=center]

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Sales were only 4 units for May and pending sales were off slightly.  Meaningful interpretation of this market is fairly meaningless with the low number of available condos for sale.

The one month absorption rate jumped to 5.25 months, signifying a return to a seller’s market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. 

The May 2012 numbers were:  33 active listings, 8 pending sales and 1 closed sales.   Still doing better this year when considering the tiny inventory of condos available for sale in Hobe Sound.


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

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound Florida Market Report ZIP Code 33455 Condo, May 2013

 

Jensen Beach Florida Market Report ZIP Code 34957 Condo May 2013

06.22.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Condo May 2013

 

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

 

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

There are currently 44 active listings. ( A decrease of 7 condos from April)

[singlepic id=3665 w=600 h=600 float=center]

[singlepic id=3666 w=600 h=600 float=center]

 

24 Condo sales are pending and awaiting close or lender approval. (Down by 2 condos from April)

[singlepic id=3667 w=600 h=600 float=center]

 

7 Condos Sold (Decreased by 8 condos from April)

[singlepic id=3668 w=600 h=600 float=center]

[singlepic id=3669 w=600 h=600 float=center]

[singlepic id=3670 w=600 h=600 float=center]


The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  Current inventory is at an almost all time low.   Closed and pending sales were off for May, while the small inventory declines further.

The one month absorption rate for the May 2013, Jensen Beach Florida Market Report ZIP Code 34957 is 6.3 months.   Basically a balanced market, as a 6 month absorption rate is considered balanced, favoring neither the buyer or seller.

The May 2012 numbers were: 58 active listings, 26 pending sales and 8 condos closed.   Similar activity to last May.


Search here for Jensen Beach Real Estate for Sale


Jensen Beach Florida Real Estate presented by:
Gabe Sanders

 

Jensen Beach Florida Market Report ZIP Code 34957 Condo May 2013