Palm Cove Golf and Yacht Club December 2012 Market Update

12.12.12 by

Palm Cove Golf and Yacht Club December 2012 Market Update

There are currently 23 homes actively listed in Palm Cove Yacht and Golf Cub for December, 2012 in Palm City, Florida.  The average list price is $561,430 at $173.10 per square foot of living area.

There are 4 homes under contract awaiting closing.  One is a short sale.  The average list price is $669,000 at $183.14 per square foot of living area.

In the past 12 months, 16 homes have sold in Palm Cove Yacht and Golf Cub with an average sales price of $493,106 at $152.17 per square foot of living area.  Two of these homes were short sales, and one bank owned sale.

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 December 2012 Market Update

Stuart Florida Market Report ZIP Code 34994 – Residential, November 2012

12.11.12 by

Stuart Florida Market Report ZIP Code 34994 – Residential, November 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for November 2012

For November, 2012 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 71 active listings (Up 4 from October).

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35 Residential sales are pending and awaiting close or lender approval (Up 3 from October).

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4 Homes Sold in November (Down 5 homes from October)

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The 34994 ZIP code area of the Stuart, Florida real estate market activity has cooled slightly after a very strong spring.   Inventory has crept up again for the second month in a row which makes more homes available for buyers.  Pending sales rose slightly while closed sales were off to only 4 homes sold.

The one month absorption rate for this zip code plunged to almost 18 months, which signifies a shift to a strong buyers market, after many months of under 6 month rates (sellers market).  I think this is more an indication of the holiday slow down as opposed to any major shift in the market.

The November 2011 numbers were 79 Active Listings, 32 pending sales and 11 closed sales.

 

Search here for Stuart Florida Real Estate for Sale

 

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Stuart, FL Real Estate

Rental Properties

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Stuart Florida Market Report ZIP Code 34994 – Residential, November 2012

Snug Harbor Stuart FL

12.09.12 by

Snug Harbor Stuart FL

December 2012 Market Update for Snug Harbor Stuart FL:

There are 7 homes currently for sale in Snug Harbor Stuart FL.  Listing prices range from $695,000 to $2,550,000. (3 wide waterfront homes and 4 homes with marina access)

There are currently no homes under contract or pending.

2 homes have sold in the past 12 months.  Ranging in sales price from $360,000 to $967,250.  Neither of these homes were waterfront.

Located on the wide Saint Lucie River just east of the city of Stuart Florida is the unique subdivision of Snug Harbor. While the real estate market on the Treasure Coast has it’s problems, Snug Harbor remains a desirable community as recent sales can show.

Snug Harbor was the vision of a group of 10 Yachtsmen, many former Commodores of the Chicago Yacht Club back in 1943. They bought the land and platted the area in September 1944 as well as forming the Snug Harbor Corporation, which controlled the ownership of the lots.

Snug Harbor

In 1975 the deeds were distributed and/or sold to the then owners and a condominium form of ownership was established under the name of the Snug Harbor Yacht Club. With both waterfront and non-waterfront homes and estates, located just minutes away from the ocean by boat or car and also convenient to downtown Stuart, offices, restaurants and recreational areas.

Snug Harbor is one of the finest communities in Martin County. There are only 72 home sites with a club house, deep water marina, boat ramp, trailer parking and tennis courts. There is an active association with social activities year round that make this community a very attractive place to call home.

Please feel free to contact Gabe Sanders (772-323-6996), a Snug Harbor resident and board member, if you would like any information about this wonderful community.

 

 

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Snug Harbor Homes for Sale

Snug Harbor Stuart FL

Stuart Florida Christmas Parade 2012

12.07.12 by

Stuart Florida Christmas Parade 2012

For 2012, it’s the 52’nd annual Stuart Florida Christmas parade in downtown Stuart on Friday, December 7 starting at 7 PM.  We’re anticipating nice balmy weather so bring your chairs and maybe a sweater and pick your favorite spot on East Ocean Blvd to watch the much anticipated annual parade.

This year’s theme for the Christmas parade is “Christmas by the Sea”.  Look for the almost 50 floats to be pulled by dolphins and fish instead of the traditional reindeer.

There will be two prizes for the float most adhering to the theme (one for floats over 30 feet and one for under), best use of lights and music (again two awards based on the best float over 30′ and one for under) and the big prize know as the Stuart Main Street’s Choice award.

Along with the floats, will be marching bands, baton twirlers, firetrucks and a slew of local dignitaries.

We expect all age groups to flock to their favorite holiday parade to get into the Christmas spirit.

The spirit and contributions of the organizers and founders of this parade only add to the uniqueness of this long-standing tradition. Planned, supported, and celebrated by the Martin County Community the Christmas Parade in Downtown Stuart this Friday is a local tradition not meant to be missed.

Included pictures are from the 2011 Stuart Christmas Parade

Stuart Florida Christmas Parade 2012

Port Salerno Condo in Stuart Under Contract

12.06.12 by

Port Salerno Condo in Stuart Under Contract

This Port Salerno Condo in Stuart is now Under Contract.

There are only 20 units in the Port Manatee Condo Association.  This Port Salerno Condo with 40′ dock is an end unit on the first floor.  All ages welcome and one small pet is permitted.

Port Manatee Condo in Rocky Point

Looking for a full time home or just a getaway? Are you a boater or fisherman? This is the perfect place for you. Spacious first floor, 2 BR, 2 BA condo in the Manatee Pocket with a deeded 40′ dock (water and electric). Only minutes to the crystal clear waters of the Atlantic Ocean to fish, or to take a quick trip over to the Bahamas. This condo features reasonable fees, spacious grounds with a large community pool overlooking ‘the pocket’, and a free laundry room. Freshly painted and brand new carpets. Light and bright Florida room with water views. One small pet (under 25 lbs.) allowed. Great location, only minutes to the beaches, shopping restaurants and all the amenities that Martin County has to offer. Call for more information.

Port Manatee Condo in Rocky Point

Port Manatee Condo in Rocky Point

 

More Information and Pictures for this Port Salerno Condo with Deeded Dock

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Port Salerno Condo in Stuart Under Contract

Martin County Florida Condo Market Report for October 2012

11.30.12 by

Martin County Florida Condo Market Report for October 2012

 

Commentary:

The Martin County Florida Condo Market for October 2012 continues to tread water neither getting worse or better.  Sales for October were up to 50 units from a very weak 39 in September.  Just about identical to October 2011 which had 53 sales.  The inventory rose to 574 condos (up 6 from September) which is about 100 condos less than were available last year.  I would not be surprised to see more inventory growth as we get into the upcoming  fall and winter condo season.  The median sales price did take a hit in October , down to $114,750 down from $159,000 for September, but still above last year’s $92,500.

The one month absorption rate is up to 11.5 months, while the three-month average is at 12.7 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.

Currently, the condo market is under-performing as compared to our residential market and the condo markets of our southern neighbors.  I do expect this trend to stop as buyers realize the bargains currently available in the Martin County condo market.

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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 October 2012

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 October 2012

11.29.12 by

Martin County Florida Residential Market Report for October 2012

 

Commentary:

The Martin County Florida residential market report for October 2012 showed strong activity. In a month that typically is slow by historical standards, 153 homes closed, 40 homes better than 2011 and 39 homes better than 2010.  All this with an inventory of available homes now down by close to 50% from 2010.

Average and median sales prices were both higher for October.  This months inventory showed a slight increase to 1149 homes (up 14 from September), still down from the 1359 homes that were on the market in October of 2011 (and the 2710 homes in October of 2007). The one month absorption rate for October is 7.5 months, while the three-month average is 7.4 months. A 6 month absorption rate is considered to be a balanced market, so we are once again in a slight buyers market in Martin County.

Showing activity remains strong, though we are in the middle of the holiday season which normally is a slower market.

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 October 2012

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, October 2012

11.24.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, October 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for October 2012

 

For October 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 29 active condo listings. (Up 1 from September)

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7 Condo sales are pending and awaiting close or lender approval. (Unchanged from September)

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  2 Condos sold in October (Unchanged from September)

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The Hobe Sound condo market (Zip Code 33455) is tied now ith the Jensen Beach area as the smallest segment of the Martin County real estate market.  October showed very little change from last month (which showed very little change from August).  Only an increase of 1 condos in inventory with both pending and closed sales remaining unchanged from September.

The one month absorption rate is 14.5 months, signifying that it’s still a buyers market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.  But, with such low numbers, these indicators can easily be misleading.  With the holidays approaching, I’m not expecting any significant change in the Hobe Sound condo market in the coming months.

The October 2011 numbers were:  42 active listings, 3 pending sales and 2 closed sales.  Other than a lower inventory, very similar results to this year’s activity.



Search here for Hobe Sound Florida Real Estate for Sale ( Condos)
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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, October 2012

 

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, October 2012

11.21.12 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, October 2012

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for October 2012

 

For October 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 29 active listings. ( A decrease of 18 condos from September)

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22 Condo sales are pending and awaiting close or lender approval. (Down 8 condos from September)

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8 Condos Sold (Up 5 from September)

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The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  After this past month’s drop in inventory, the number of available units is very small. This might be an excellent time for those who have a need to sell their Jensen Beach condo in zip code 34957.  Pending sales were down and closed sales were up for October.  With such small inventory, as well as the holidays approaching, I’m not expecting any movement from this segment of the market, unless the inventory can pick up.

The one month absorption rate for the October 2012, Jensen Beach Florida Market Report ZIP Code 34957 is 3.6 months.  The strongest seller’s market for condos in Martin County.

The October 2011 numbers were: 60 active listings, 12 pending sales and 1 condos closed.


Search here for Jensen Beach Real Estate for Sale


Jensen Beach Florida Real Estate presented by:
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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, October 2012

Foxwood in Martin County Florida

11.19.12 by

Foxwood in Martin County Florida

 

Foxwood in Stuart Florida

Foxwood is located just west of I-95 on Pratt and Whitney road in Western Stuart Florida.  It consists of 109 home sites that are all 2 acres or larger.  Horses are permitted with a zoning of one horse per acre.   Foxwood was designed with Florida’s natural environment in mind.  Every Foxwood home is custom built with the residents encouraged to keep some natural habitat in place.  Recently, a rare Florida Panther was seen going through Foxwood.

Foxwood Stuart FL

Association fees are a very reasonable $450 per year.  These fees cover maintenance of the private roads, sanitation and management fees.  More information about the Foxwood Property Association can be found at this community’s property association web site: Foxwood Property Association of Stuart Florida

Foxwood Stuart FL

Construction of homes in Foxwood began in 1978.  Four phase of development ended with the last phase commencing in 1990.  Most lots have been developed with just a handful of vacant lots left of which currently none are available for sale (as of this writing).

Foxwood Stuart FL

Foxwood is located less than a mile from the ‘A’ Rated South Fork High School with easy access to Palm Beach County and only 15 minutes to downtown Stuart and the pristine beaches of Martin County.

A perfect place to call home for those who desire some room to roam yet be close to shopping, restaurants and other urban areas.

Currently Available Homes in Foxwood

Search the Martin County MLS

For more information about this and other Martin County communities contact:
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Stuart Florida Real Estate

Residential Homes, Condos and Land with special emphasis on Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Foxwood in Martin County Florida

Palm City Florida Market Report ZIP Code 34990 – Condo, October 2012

11.17.12 by

Palm City Florida Market Report ZIP Code 34990 – Condo, October 2012

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2012

For October 2012 in the 34990 Zip Code area of Palm City, Florida :



There are currently 59 active condo listings. (A decrease of 3 condos from September)

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

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No Condos Sold in October. (Down 4 from September)

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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 October, their were no sales closed for condos in Palm City.  The inventory decreased slightly and pending sales increased by 3.
With no sales, the absorption rate is not applicable.
The October 2011 numbers were: 59 active listings, 2 pending sales and 2 closed sales.   Inventory is the same as last year.  Pending sales are much better this year.

 

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Palm City Florida Real Estate presented by:
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Palm City Florida Market Report ZIP Code 34990 – Condo, October 2012

Stuart Florida Market Report ZIP Code 34994 – Residential, October 2012

11.10.12 by

Stuart Florida Market Report ZIP Code 34994 – Residential, October 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for October 2012

For October, 2012 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 67 active listings (Up 6 from September).

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32 Residential sales are pending and awaiting close or lender approval (Down 5 from September).

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9 Homes Sold in October (Down 3 homes from September)

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The 34994 ZIP code area of the Stuart, Florida real estate market activity has cooled slightly after a very strong spring.   Inventory has crept up again for the second month in a row which makes more homes available for buyers.  Both pending and closed sales were off slightly.

The one month absorption rate for this zip code is just over 7 months, which signifies a shift to a slight buyers market, after many months of under 6 month rates (sellers market).  Still an excellent time for those wishing to place their homes on the market for sale.  The October 2011 numbers were 77 Active Listings, 36 pending sales and 9 closed sales.

 

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

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Stuart Florida Market Report ZIP Code 34994 – Residential, October 2012

2012 Stuart Air Show

11.06.12 by

2012 Stuart Air Show

The 2012 Stuart Air Show which raises money for the Road to Victory Military Museum begins Friday November 9 with a party featuring an aerial performance by a plane loaded with over 250 LED lights.  Called ‘the Dirty Flight Suit Party’, it begins at 4 pm and offers a twilight preview of the upcoming weekend airshow with an F-18 flyover.  Party attendees get the chance to mingle with the air-show’s pilots and support crews while enjoying food and drink as well as a live performance from the Tom Jackson Band.  Tickets are $60. per person.

The main event will be on the weekend (Nov 10 and 11) from 9 am to 5 pm.  Tickets are $18.00 on line, $20.00 at the door while children under 10 and veterans with military ID get in free.  There are some special upgrade sections with reserve seating and food and beverage service.  Information can be found on the Stuart Air Show website.

The highlights of this year’s schedule include an F-18 performance from the US Navy.
Starjammers, an acrobatic musical plane.
A Jet Powered School Bus.
OTTO the Clown – a helicopter comedy show
Randy bell – Aerobatics n a Russian MIG-17
The AeroShell Acrobatic Team
John R. Mohl – Aerobatics with a restored 1943 bi-plane
World War II battle re-enactment (begins at 11 am – courtesy of the Road to Victory Military Museum of Stuart
Crowding the bridges, parks and even the Saint Lucie River on their boats, many families watch the skies as the planes twist and twirl through the air making it an event that is bigger than just those attending at Witham Field.  A wonderful yearly experience, the Stuart Air show is a big hit for Martin County natives and tourists alike while helping many deserving charities as well.

 2012 Stuart Air Show

The Archipelago of Sewalls Point

11.04.12 by

The Archipelago of Sewalls Point

Currently (November 2012) in the Archipelago there are two  homes on the market.
One home is under contract and awaiting resolution of contingencies.
In the past 12 months, 1 home sold for $599,000 ($250. per sq. ft. of living area)

Located in the prestigious town of Sewalls Point, Florida the Archipelago is a non gated neighborhood of all waterfront homes with access to the crystal clear waters of the Atlantic Ocean through the Saint Lucie Inlet in Martin County, Florida.  All the homes in the Archipelago are on either the wide waters of the Indian River or located on deep water canals.  The Saint Lucie Inlet to the Atlantic is less than two miles away by water.  Access is maintained by dredging all Archipelago waterways to 6’.  Homes range from modest older frame homes, to spectacular estate lots with magnificent views.

The link below will take you to all currently available Archipelago homes in Sewalls Point, Florida

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The Archipelago of Sewalls Point

The Yacht and Country Club of Stuart Florida

11.03.12 by

The Yacht and Country Club of Stuart Florida

November 2012 Market Update:

There are 23 homes currently for sale in the Yacht and Country Club of Stuart.  Listing prices are from $131,000 to $785,000.

There are currently 7 homes under contract (3 of which are short sales) ranging in listing price from $124,900 to $389,900.

35 homes have sold in the past 12 months.  Ranging in sales price from $109,900 to $890,000 (the average sales price was $259,106 or $107 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 Florida

25th Jensen Beach Pineapple Festival

11.01.12 by

25th Jensen Beach Pineapple Festival

The 25’th year of the Jensen Beach Pineapple Festival takes place this weekend from November 2 – 4 in Downtown Jensen Beach.  Starts at 6 pm on Friday Nov 2.  Advanced admission tickets are $10. available at all Seacoast National Bank locations and the Sonic Drive-In.  Regular admission will be $15 with children 12 and under free.  Students from 13 to 18 with ID will enter for $5.

The Pineapple Festival is held in the streets of downtown Jensen Beach.  The festival site includes Ricou Terrace and Pineaple Avenue from Church St. to Jensen Beach Blvd.  Festival organizers recommend that you park at the Jensen Beach Elementary School located at 2525 NE Savannah Rd and take the free shuttle bus to the Festival.

This years festival will include arcade rides, a Bahamian market and arts exhibit, juggling, magic shows, and many more fun activities for the whole family,

 

On the three stages this year will be Bradley Singleton, Dr. Sea Breeze, Laura Tuller Band, the Brilanders, Kickin It Country Dancers, Michael Wright Band, Lucky Dog Band, Josh Gaines, In Motion, Saint Joseph School Jazz Band and more!!

 

This years highlighters will be Chris Cagle on Friday (8 pm), Edie Money on Saturday (8 pm) and Vanilla ice Sunday (7 pm).  Come out and join in the fun at this year’s Jensen Beach Pineapple Festival

 

25th Jensen Beach Pineapple Festival

Martin County Florida Condo Market Report for September 2012

10.31.12 by

Martin County Florida Condo Market Report for September 2012

 

Commentary:

The Martin County Florida Condo Market for September 2012 was fairly slow.  Though this is typical for our seasonal condo market, we were hoping for a little better activity.  Sales for September were down to 39 units from 46 in August.  Just about identical to September 2011 which had 40 sales.  The inventory was down by 10 units and is basically holding steady as last year at this time it was 623 condos available for sale.  I would not be surprised to see more inventory growth as we get into the upcoming  fall and winter condo season.  The median sales price took a big jump in September as some fairly high priced condos were sold last month. (Up to $159,000 from just $97,000 for August)

The one month absorption rate is up to 14.6 months, while the three-month average is at 12.1 months.  Still a very challenging market for sellers with the accompanying 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.

Currently, the condo market is under-performing as compared to our residential market and the condo markets of our southern neighbors.  I do expect this trend to stop as buyers realize the bargains currently available in the Martin County condo market.

[singlepic id=2941 w=600 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 September 2012

the Gabe Sanders real estate team

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

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

Stuart Florida Real Estate


Martin County Florida Residential Market Report for September 2012

10.30.12 by

Martin County Florida Residential Market Report for September 2012

 

Commentary:

The Martin County Florida residential market report for September 2012 showed our typical season slowdown. The sales volume of 133 homes is still 16 homes better than 2011 and 18 homes better than 2010, but not quite as robust as our earlier numbers this year.  But, still good numbers when considering our available homes (inventory) is considerably reduced from the previous years.

Average and median sales prices too a huge dip in September.  This is more an indication that the homes selling this month tended to be in the lower price range rather than a further softening of existing home prices.

This months inventory showed a continued decrease (after a slight increase last month) to 1135 units (down 12 homes from last month), still down from the 1365 homes that were on the market in September of 2011 (and the 2789 homes in September of 2007). The one month absorption rate for September is 8.5 months, while the three-month average is 7.3 months. A 6 month absorption rate is considered to be a balanced market, so we are once again in a slight buyers market in Martin County.

Office activity is very good and I believe we will be back to some positive market results in the upcoming season.

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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[singlepic id=2947 w=600 h=600 float=center]

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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 September 2012

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, September 2012

10.29.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, September 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for September 2012

 

For September 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 28 active condo listings. (Up 2 from August)

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7 Condo sales are pending and awaiting close or lender approval. (Unchanged from August)

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  2 Condos sold in September (Unchanged from August)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  September showed very little change from last month.  Only an increase of 2 condos in inventory with both pending and closed sales remaining unchanged from August.

The one month absorption rate is 14 months, signifying that it’s still a buyers market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.  But, with such low numbers, these indicators can easily be misleading.

The September 2011 numbers were:  38 active listings, 6 pending sales and 0 closed sales.  Other than a significantly lower inventory, very similar results.



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Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, September 2012

 

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, September 2012

10.26.12 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, September 2012

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for September 2012

For September 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 48 active listings. ( A decrease of 2 condos from August)

30 Condo sales are pending and awaiting close or lender approval. (Up 3 condos from August)

3 Condo Sold (Down 1 from August)

The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market. The current inventory is now very low at only 48 condos available for sale. This might be an excellent time for those who have a need to sell their Jensen Beach condo in zip code 34957.  Pending sales were up marginally and closed sales fell for September by 1 unit. Considering that this is the summer season where the condo market activity is normally slow, this segment continues with good activity.

The one month absorption rate for the September 2012, Jensen Beach Florida Market Report ZIP Code 34957 stands at a very unimpressive 16 months.  Still a strong buyers market, but there just isn’t very much quality inventory.  I’m expecting this to change when some of the pending sales close.

The September 2011 numbers were: 55 active listings, 10 pending sales and 8 condos closed.  Very similar to this years numbers, but better closed activity last year.

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, September 2012