April 2013 Market Report Locks Landing in Stuart Florida

04.17.13 by

April 2013 Market Report Locks Landing in Stuart Florida

As of April 17 2013, there are only 3 homes on the market in Locks Landing in Stuart Florida.  Listing prices range from $269,000 to $399,000 for an average price per square foot of $152.17.

One home is under contract and awaiting settlement.  A short sale listed at $275,000 or $98.07 per sq. ft.

In the past 12 months, 13 homes have sold in Locks Landing with sales prices ranging from $245,000 to $405,000 for an average of $137.37 per sq. ft.

Locks Landing in Stuart Florida is a planned unit community of 243 homes on the south eastern shore of the Saint Lucie Waterway, just upstream of the Locks on the Okeechobee Water Way at Phipps Park in Stuart, Florida.

Locks Landing homes range in sizes from just under 2,000 square feet of living area to some spacious 3,000 square feet plus homes on spacious preserve lots.   Many homes enjoy lake views and a few homes offer views of the Saint Lucie Waterway.  This wonderful family neighborhood boasts a number of docks with available water and electrics..  Easy access through the lock to the main Saint Lucie river and out to the crystal clear waters of the Atlantic Ocean or sail west into Lake Okeechobee for a fabulous day of fresh water fishing.  For those without their own boat dock, there’s a convenient boat ramp to allow all to enjoy the fabulous boating available to all residents of Martin County.

Locks landing is only moments to I-95 for those needing to commute either north or south on the Interstate.  The equestrian farms of Martin County are only a short drive to the west; while to the east is shopping, restaurants, beaches and all the amenities that Martin County has to offer.  This family friendly community also boasts an ‘A’ rated school system with local children attending Crystal Lake Elementary School, David L Anderson Middle School and South Fork High School

To view the current homes available for sale in Locks Landing please select the following link:
Locks Landing Homes for Sale

 

For any questions you may have about Locks landing, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Stuart Florida Real Estate

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

April 2013 Market Report Locks Landing in Stuart Florida

 

Stuart Florida Market Report ZIP Code 34994 – Residential March 2013

04.12.13 by

Stuart Florida Market Report ZIP Code 34994 – Residential March 2013

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

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

There are currently 67 active listings (Down 9 from February).

34 Residential sales are pending and awaiting close or lender approval (Up 11 from February).

5 Homes Sold in February (Down 5 homes from February)

The 34994 ZIP code area of the Stuart, Florida real estate market showed a marked decrease in closed sales for March.  At the same time, there was a significant jump in Pending activity and another unexpected drop in active listings.  We should have some stronger closed sales in the coming months, but if inventory doesn’t increase, we will be looking at depressed activity for the foreseeable future.

The one month absorption rate for the 34994 zip code for March jumped to 13.4 months. which signifies a significant buyers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The March 2012 numbers were 84 Active Listings, 41 pending sales and 7 closed sales.  The lower inventory is having a significant effect on market activity in the 34994 zip code area of the Stuart, Florida real estate market.

Search here for Stuart Florida Real Estate for Sale

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Stuart Florida Market Report ZIP Code 34994 – Residential March 2013

Martin County Florida Condo Market Report for February 2013

03.31.13 by

Martin County Florida Condo Market Report for February 2013

 

Commentary:

The Martin County Florida Condo Market for February 2013 showed some very positive signs.  After disappointing results from much of the fall season, sales numbers for February were up to 66 units.  This is considerably better than last February of 57 and the weak January numbers of 39.  The inventory continues to decline.  Now down to 604 condos (Down 36 from February of 2012).  This is the second month of decreasing inventory after 3 months of increases.  The median sales price dropped to $88,250 for February of 2013 (Was 85,000 in February of 2012).   While the median list price remained unchanged at $179,000.  These numbers are a little misleading as it appears that prices have stabilized in the condo market.  There have been a relatively greater number of lower priced condos sold which is driving the median sales prices down.

The one month absorption rate dipped to 9.15 months from last months 15.6 months, while the three-month average is now at 11.6 months.  Still a challenging market for condo sellers, but there has been a significant improvement in February.  We still need to see a sustained absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

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 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.

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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 February 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 February 2013

03.30.13 by

Martin County Florida Residential Market Report for February 2013

Commentary:

The Martin County Florida Residential Market Report for February 2013 showed strong sales activity for the month.  Better number of closed sales than in past years.  All with a much lower inventory as well.  In fact, our inventory levels are getting low enough that I expect to see some slowing of sales activity simply because there’s not enough homes for sale.  If this happens, I expect to see a further rise in prices, which has already began.

Average and median sales prices were both up for February.  The inventory of available homes dropped 90 from January.    The one month absorption rate for February 2013 decreased to 7.87 months, while the three-month average rose to 7.68 months.  A 6 month absorption rate is considered to be a balanced market, so we remain in a slight buyers market in Martin County.

Activity is remaining strong for March.  Positive economic news as well as continued low interest rates continue to drive buyers into the market.  We continue to be in a very attractive market for buyers.  Sellers can also expect to see good value in the sale of their homes as compared to the past few years.

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

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

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Residential Market Report for February 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

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, February 2013

03.27.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, February 2013

 

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

 

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

 

There are currently 18 active condo listings. (Down by 1 condo from January)

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

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  4 Condos sold in February (Unchanged from January)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  With a significant further decrease in inventory, I don’t see any meaningful market activity coming from this segment in the spring.  For February, good strong closed and pending activity when considering only 18 available condos for sale in this market segment.

The one month absorption rate is down to 4.5 months, signifying a seller’s market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.  If you’re a Hobe Sound condo owner and thinking of selling.  This is your strongest market in over 7 years.

The February 2012 numbers were:  32 active listings, 4 pending sales and 1 closed sales.  The Hobe Sound condo market activity for February of 2013 was far superior to the same month last year.



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

 

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, February 2013

03.25.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, February 2013

 

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

 

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

There are currently 60 active listings. ( A decrease of 6 condos from January)

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

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9 Condos Sold (Increased by 4 condos from January)

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The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  The small inventory gained for the past three months but decreased in February.   Closed and pending sales both showed improvements for February.   It appears that we are on track to have an active condo market in the Jensen Beach area of Martin County.

The one month absorption rate for the February 2013, Jensen Beach Florida Market Report ZIP Code 34957 is 6.7 months.   Typically, a 6 month absorption rate is considered balanced, favoring neither the buyer or seller.

The February 2012 numbers were: 68 active listings, 21 pending sales and 2 condos closed.  Similar to last year’s activity,  but with some improved sales and pending activity.


Search here for Jensen Beach Real Estate for Sale


Jensen Beach Florida Real Estate presented by:
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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, February 2013

Palm City Florida Market Report ZIP Code 34990 – Condo, February 2013

03.23.13 by

Palm City Florida Market Report ZIP Code 34990 – Condo, February 2013

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

 

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



There are currently 69 active condo listings. (No change from January)

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7 Condo sales are pending and awaiting close or lender approval. (Down 1 condo from last month)

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4 Condos Sold in February. (Up by 1 condo from January)

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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.  For February, the Palm City condo market activity had no change in inventory and one less pending sale and one greater closed sale.
 
The current absorption rate for condos in the 34990 zip code area is 17.3 months.  A very strong buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.
 
The February 2012 numbers were: 71 active listings, 1 pending sales and 5 closed sales.   Close comparison to last year, with the exception of the increased pending activity this year.

 

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, February 2013

Search for Martin County Homes By High School Districts

03.16.13 by

Search for Martin County Homes By High School Districts

Listed below are the various Martin County High Schools along with a search of homes covering that particular school district.  Please double check with the Martin County School System as to the accuracy of the information provided on this page.

Martin County High Schools

Search for homes in the Jensen Beach High School District

Search for homes in the Martin County High School District

Search for homes in the South Fork High School District

 Search for Martin County Homes By High School Districts

Search for Martin County Homes By Middle School Districts

03.12.13 by

Search for Martin County Homes By Middle School Districts

Listed below are the various Martin County Middle Schools along with a search of homes covering that particular school district.  Please double check with the Martin County School System as to the accuracy of the information provided on this page.

Martin County Middle Schools

Search for homes in the David L Anderson Middle School District

Search for homes in the Hidden Oaks Middle School District

 Search for homes in the Murray Middle School District

Search for homes in the Stuart Middle School District 

 

Search for Martin County Homes By Middle School Districts

 

Stuart Florida Market Report ZIP Code 34994 – Residential, February 2013

03.11.13 by

Stuart Florida Market Report ZIP Code 34994 – Residential, February 2013

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

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

 

There are currently 76 active listings (Up 12 from January).

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23 Residential sales are pending and awaiting close or lender approval (Down 8 from January).

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10 Homes Sold in January (Up 5 homes from January)

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The 34994 ZIP code area of the Stuart, Florida real estate market had a nice jump in sales in February, but also a disappointing drop in pending sales.  Inventory rose by 12 homes, but is still quite low which is impacting the sales for this segment of the Stuart, FL real estate market.

The one month absorption rate for the 34994 zip code for February dropped to 7.6 months. which signifies a slight buyers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The February 2012 numbers were 78 Active Listings, 43 pending sales and 7 closed sales.  Our pending sales for this year are almost half of last year’s, while other indicators are fairly close.  Not a good indication for the spring for the 3994 zip code area of Stuart.

 

Search here for Stuart Florida Real Estate for Sale

 

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

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Stuart Florida Market Report ZIP Code 34994 – Residential, February 2013

Search for Martin County Homes By Elementary School Districts

03.09.13 by

Search for Martin County Homes By Elementary School Districts

Listed below are the various Martin County Elementary Schools along with a search of homes covering that particular school district.  Please double check with the Martin County School System as to the accuracy of the information provided on this page.

Martin County Elementary Schools

 Search for homes in the Bessey Creek Elementary School District 

 Search for homes in the Citrus Grove Elementary School District 

 Search for homes in the Crystal Lake Elementary School District 

 Search for homes in the Felix A Williams Elementary School District 

 Search for homes in the Hobe Sound Elementary School District 

Search for homes in the J D Parker Elementary School District 

Search for homes in the Jensen Beach Elementary School District 

Search for homes in the Palm City Elementary School District   

 Search for homes in the Pinewood Elementary School District 

 Search for homes in the Port Salerno Elementary School District 

Search for homes in the SeaWind Elementary School District  

Search for Martin County Homes By Elementary School Districts

March 2013 Market Update for Ocean House in Indian River Plantation

03.05.13 by

March 2013 Market Update for Ocean House in Indian River Plantation

March 2013 Market Update for Ocean House Condos in Indian River Plantation, Hutchinson Island in Stuart, FL

Currently 2 active listings on the market at prices of $514,900 and $574,000 for an average of $357.16 per square ft. of living area.

There is 1 condo under contract awaiting closing listed for $509,000 at a cost per square ft. of living area of $379.85

In the past 12 months, 3 condos have sold ranging in sales prices from $340,000 to $575,000 with an average price per square foot of $317.90

One of the newest buildings in Indian River Plantation, Ocean House, is also the most magnificent.  Consisting of 79 Luxury Condo units of either 2 or 3 spacious bedrooms with amenities galore.  All suites have Ocean views, even the first floor units, which are in actuality the equivalent of being on the third floor as there are two parking levels for residents to enjoy covered parking.

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Ocean House has a newly renovated club house area featuring an updated kitchen with granite counter tops and stainless steel appliances.  Two flat screen televisions and free wi-fi for those that need connectivity.

A heated pool and lanai area that’s perfect for lounging close to the beach, or walk down your private access to enjoy the crystal blue waters of your private Atlantic ocean beach.

Barbecue area with a Tiki Hut for those nights that you want to eat out under the stars.

The Marriott Resort at Indian River Plantation Features:

Indian River Plantation consists of numerous condominium associations and buildings.  All styles from Ocean front to River front and Golf and Tennis villas can be found here.  IRP is associated and co-located with the Marriott Resort and Marina.

Tucked away on Hutchinson Island, the Treasure Coast’s 16-mile lush barrier island, is a unique resort that greets guests with the warmth of true Southern hospitality.

The Hutchinson Island Marriott Beach Resort and Marina stretches across 200 acres of plantation landscape on Hutchinson Island, bordered on one side by the Atlantic Ocean and by the shimmering Indian River on the other side.

A newly remodeled lobby with sweeping draperies, plantation-style wood furnishings and tropical tones sets the stage for a magical golf getaway. This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. Plantation East, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. The Ocean Club, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

The Hutchinson Island Marriott offers guests and residents two tiki bars and their Signature Restaurant, the Baha Grille. Thirteen Novagrass tennis courts, miles of unspoiled beaches, water sports, deep sea fishing, and a full-service 77-slip marina anchored on the Indian River round out a perfect vacation of sun and fun.

Resort amenities also include three heated pools with sun decks, game rentals from the Activities Hut, two outdoor spas and supervised activities for both children and teens.

March 2013 Market Update for Ocean House in Indian River Plantation

Hutchinson Island Condos For Sale

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the Gabe Sanders real estate team

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March 2013 Market Update for Fairwinds Cove Condos in Jensen Beach

03.04.13 by

March 2013 Market Update for Fairwinds Cove Condos in Jensen Beach

Fairwinds Cove Condos in Jensen Beach, FL., Market Update for March 2013:


Currently 5 active listings on the market ranging in price from $145,000 to $250,000 for an average of $158.41 per square ft. of living area.

There are two condos under contract awaiting the sale for $195,000 and $220,000 list price at an average cost per square ft. of living area of $181.67.

In the past 12 months, 9 condos have sold ranging in sales prices from $120,000 to $197,000 with an average price per square foot of $131.54

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Located in beautiful Jensen Beach, Florida on the East side of the Jensen Beach Causeway is Fairwinds Cove.  A waterfront condo complex of 10 four story buildings with only 4 suites per floor.  Many of these condos with wonderful sweeping views of the Indian River (the Intracoastal Waterway that runs through Martin County).
 
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This condo complex built in multiple phases from 1974 to 1983 boasts two swimming pools, tennis courts, shuffleboard, waterside walking paths, a recently refurbished clubhouse with full kitchen, meeting room, fitness room, billiards and more.  Fairwinds Cove also has deeded docks with great access to fishing, water sports and only a few minutes to the crystal clear waters of the Atlantic Ocean.

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Fairwinds Cove is a non-age restricted community that allows one small pet.  There is a strong sense of community with many long time seasonal and full time residents.  Located within an easy walk to the beach and just a short drive to charming downtown Jensen Beach  as well as the many amenities offered in Martin County, Florida.

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March 2013 Market Report for Hutchinson House Condos

03.02.13 by

March 2013 Market Report for Hutchinson House Condos

As of March 1 2013, there are 4 condos on the market in Hutchinson House on Hutchinson Island in Stuart FL.  Listing prices range from $215,000 to $499,000 with an average of $219.26 per sq. ft. of living area.

Currently, no homes are under contract.

There have been 4 condos sold in the past 12 months in Hutchinson House.  Sales prices ranged from $210,000 to $350,000 for an average of $200.05 per sq. ft. of living area.

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Located on Hutchinson Island in uncrowded and unspoiled Martin County, the Hutchinson House Condo complex is an ocean to Intracoastal complex with a variety of styles and views offering wonderful amenities that include ocean access docks, club house, pools, spa/jacuzzi, tennis and a private beach.
 
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Hutchinson House consists of 121 Condos, with the Ocean Side being Hutchinson House East and the river side is called Hutchinson House West.  Both sides offer 2 and 3 bedroom condos with 2 or more bathrooms.  Many with spectacular views of the river and the crystal clear blue waters of the Atlantic Ocean.

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The Hutchinson House condos are one of the few condo developments that is pet friendly and allows for up to 2 large pets.  For currently available Hutchinson House condos please call or view the search link below.

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Martin County Florida Condo Market Report for January 2013

02.27.13 by

Martin County Florida Condo Market Report for January 2013

 

Commentary:

The Martin County Florida Condo Market for January 2013 continues to have its difficulties while the residential segment of the Treasure Coast real estate market is showing positive signs.  Sales for January were only 39 condos, down from 54 in December.  Similar to last year’s 37 condo sales in January.  The inventory declined to 610 condos (Down 20 from December) which is 54 condos less than were available last year.  This is the first month of decreasing inventory after 3 months of increases.  The median sales price dropped to $95,000 for January of 2013 (Was 133,000 in Jan 2012).   While the median list price rose to $179,000.  Whether this is just seasonal drop during the holiday season remains to be seen.  Typically we get more higher end condo sales in the spring season.

The one month absorption rate jumped to 15.6 months, while the three-month average rose to 13.3 months.  Still a very challenging market for condo sellers.  But quite attractive opportunities for buyers.  We need to see a sustained absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

[singlepic id=3338 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.

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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 January 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 January 2013

02.26.13 by

Martin County Florida Residential Market Report for January 2013

 

Commentary:

The Martin County Florida residential market report for January 2013 showed reduced sales activity which is mot unexpected as a result of slower activity from the holiday season.  But, we still showed stronger activity than for the past 3 January periods.  All this with an inventory of available homes now down by close to 50% from 2010.

Average and median sales prices were down for January.  The inventory of available homes finally showed a small increase of 49 homes.  This is positive news as the inventory was getting down to a point where there just wasn’t enough choices for willing buyers.  The one month absorption rate for January moved to 8.4 months, while the three-month average rose to 7.4 months.  A 6 month absorption rate is considered to be a balanced market, so we remain in a slight buyers market in Martin County.

February’s’s showing activity remains strong.  Some fairly positive economic data and strong positive Wall Street news should signal continuing positive real estate activity for the next few months.  Currently, I’m seeing issues with short sales as the banks seem to be reading the national statistics of increasing prices and are currently pricing many of their short sales at initially unacceptable levels.

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

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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.

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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 January 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

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, January 2013

02.25.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, January 2013

 

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

 

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

 

There are currently 19 active condo listings. (Down by 7 condos from December)

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

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  4 Condos sold in January (An increase of 2 condos from December)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  With a significant further decrease in inventory, I don’t see any meaningful market activity coming from this segment in the spring.  For January, good strong closed and pending activity when considering only 19 available condos for sale in this market segment.

The one month absorption rate is down to 4.8 months, signifying a sellers market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The January 2012 numbers were:  32 active listings, 3 pending sales and 5 closed sales.  Considering the inventory, the market activity for January of 2013 was better than the same month last year.



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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, January 2013

 

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, January 2013

02.23.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, January 2013

 

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

 

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

There are currently 66 active listings. ( An increase of 1 condo from December)

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27 Condo sales are pending and awaiting close or lender approval. (Up 10 condos from December)

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5 Condos Sold (No change from December)

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The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  Inventory was up once again (though only by 1 unit) for the third month in a row.   Closed sales remained unchanged, while there was a nice increase in pending sales.  If this continues through the spring, we should have an active condo market in the Jensen Beach area of Martin County.

The one month absorption rate for the January 2013, Jensen Beach Florida Market Report ZIP Code 34957 is 13 months.  A strong buyer’s market.  Typically, a 6 month absorption rate is considered balanced, favoring neither the buyer or seller.

The January 2012 numbers were: 70 active listings, 16 pending sales and 7 condos closed.  Last year’s activity is very similar to January 2013, with the exception of a considerably higher number of pending sales.


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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, January 2013

Palm City Florida Market Report ZIP Code 34990 – Condo, January 2013

02.21.13 by

Palm City Florida Market Report ZIP Code 34990 – Condo, January 2013

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

 

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



There are currently 69 active condo listings. (An increase of 6 condos from December)

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8 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)

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3 Condos Sold in January. (No change from December)

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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.  For January, other than a small increase in available condos, there was no change in other market activity.
 
The current absorption rate for condos in the 34990 zip code area is 23 months.  A very strong buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.
 
The January 2012 numbers were: 68 active listings, 6 pending sales and 3 closed sales.   Close to being identical with this year’s activity.

 

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Palm City Florida Market Report ZIP Code 34990 – Condo, January 2013

Stuart Florida Market Report ZIP Code 34994 – Residential, January 2013

02.14.13 by

Stuart Florida Market Report ZIP Code 34994 – Residential, January 2013

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

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

 

There are currently 64 active listings (Down 11 from December).

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31 Residential sales are pending and awaiting close or lender approval (Up 4 from December).

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5 Homes Sold in December (Down 9 homes from December)

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The 34994 ZIP code area of the Stuart, Florida real estate market is starting 2013 off with mixed signals.  Pending sales are up while the inventory is now down to very low numbers.  Sales were also off from the end of the year.  Of note is the low inventory which will result in slower market activity in the coming months.  The most likely scenario will be a gradual rise in prices to the point that more sellers will place homes on the market.  This will probably play out during the coming year, barring any unforeseen external economic surprises.

The one month absorption rate for the 34994 zip code for January slid back to 12.8 months. which signifies a buyers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The January 2012 numbers were 83 Active Listings, 38 pending sales and 6 closed sales.   Considerably higher inventory.  Other results are pretty much in line for this year from last.

 

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Stuart Florida Market Report ZIP Code 34994 – Residential, January 2013