Martin County Florida Condo Market Report for November 2012

12.30.12 by

Martin County Florida Condo Market Report for November 2012

 

Commentary:

The Martin County Florida Condo Market for November 2012 showed some improvement from last year, but continues to struggle in a difficult market.  Sales for November were 47 units down slightly from the 50 in October.  Though, considerably better than November of 2011 during which we saw only 35 sales.  The inventory rose to 617 condos (up 43 from October) which is about 60 condos less than were available last year.  I am anticipating a greater increase in inventory as many condo owners try to maximize the seasonal impact of this market.  The median sales price was up in November to $125,000 after taking a sizable drop in October which had dipped to $114,750.  Last year in November the median sales price was $112,500.

The one month absorption rate is up to 13.3 months, while the three-month average is at 12.9 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.

Absorption Rate  

 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.

Quantity Graph

Price Graph

Trend Graph

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 November 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 November 2012

12.29.12 by

Martin County Florida Residential Market Report for November 2012

 

Commentary:

The Martin County Florida residential market report for November 2012 showed strong activity. In a month that typically is slow by historical standards, 169 homes closed, 34 homes better than 2011 and 57 homes better than 2010.  All this with an inventory of available homes now down by close to 50% from 2010.

Average sales prices took a small dip for November while the median sales prices were higher.  This months inventory showed another increase to 1173 homes (up 24 from October), still down from the 1364 homes that were on the market in November of 2011 (and the 2801 homes in November of 2007). The one month absorption rate for November is 6.9 months, while the three-month average is 7.6 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 currently 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.

Martin County Residential Market Report November 2012

The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

Martin County Residential Market Report November 2012

 

Martin County Residential Market Report November 2012

Martin County Residential Market Report November 2012

 

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 November 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

Port Manatee Condo in Rocky Point Sold

12.28.12 by

Port Manatee Condo in Rocky Point Sold

This Port Manatee Condo in Rocky Point Sold has sold on December 21, 2012

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.

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.

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

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Port Manatee Condo in Rocky Point Sold

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

12.27.12 by

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

 

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

 

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

 

There are currently 26 active condo listings. (Down 3 from October)

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10 Condo sales are pending and awaiting close or lender approval. (An increase of 3 condos from October)

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  1 Condos sold in November (A decrease of 1 condo from October)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  November showed very little change from last month (which showed very little change from August).  There was only one closed sale, while pending sales were up to 10 indicating a better potential for future closed sales.

The one month absorption rate is up to 26 months, signifying that it’s still a buyers market.  But this will almost certainly change in the coming months.   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 November 2011 numbers were:  40 active listings, 6 pending sales and no closed sales.  Even in this small slower market segment, we’re still seeing improved activity from last year.



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

 

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

12.24.12 by

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

 

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

 

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

There are currently 56 active listings. ( A a large jump of 27 condos from October)

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16 Condo sales are pending and awaiting close or lender approval. (Down 6 condos from October)

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8 Condos Sold (Unchanged from October)

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The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market. The most significant statistic for the November 2012 market in Jensen Beach condos in zip code 34957 is the large jump in inventory.  Pending sales were down and closed sales remained unchanged for November.  With such small inventory, as well as the holidays approaching, I’m not expecting too much movement in the next month or so, but with increasing inventory, we’ll probably se some more activity.

The one month absorption rate for the November 2012, Jensen Beach Florida Market Report ZIP Code 34957 is 7 months.  A slight buyer’s market.  Typically, a 6 month absorption rate is considered balanced, favoring neither the buyer or seller.

The November 2011 numbers were: 59 active listings, 12 pending sales and 2 condos closed.


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

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

12.21.12 by

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

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

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



There are currently 61 active condo listings. (An increase of 2 condos from October)

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

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5 Condos Sold in November. (Up 5 from 0 sales for October)

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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 November, there were five condos sold, considerable improvement over the previous month which had no sales for condos in Palm City.  Both the available inventory and pending sales increased slightly for November.
 
The current absorption rate for condos in the 34990 zip code area is 12.2 months.  Still a strong buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.
 
The November 2011 numbers were: 60 active listings, 3 pending sales and 1 closed sales.   Inventory is the same as last year.  Pending and closed sales are both improved for 2012.

 

 

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

USA Junior Olympic Sailing Festival in Jensen Beach

12.17.12 by

USA Junior Olympic Sailing Festival in Jensen Beach

USA Junior Olympic Sailing Festival

The U.S. Sailing Center of Martin County continues to grow as they set an attendance record at this year’s 15th annual USA Junior Olympic Sailing Festival which was held last weekend at the Indian Riverside Park in Jensen Beach, Florida.  Over 190 participants from as far as New York and Tortolla, British Virgin Islands attended this event.  The most participants ever for this annual sailing festival.

Open to sailors ranging in age from 8 to 21 with competition in 9 different classes of boats and 2 classes of windsurfers.  Winds for the event favored the light wind specialists as there was an uncharacteristic light wind summer pattern for the weekend.  Over 100 local volunteers helped to make the 15th annual USA Junior Sailing Festival a rousing success, even though many participants would have liked some more wind.

This will be a busy year at the U.S. Sailing Center of Martin County with some great upcoming regattas.  The USODA Opti Team Race Mid Winter Championships are scheduled for Jan 19 to 21.  Feb 16 thru 18 will bring the 420 Mid Winter Championships.  With the Florida State Opti Championships at Opti Fest on March 9 and 10.

 

Jensen Beach Cottage in Indian River Point Sold

12.17.12 by

Jensen Beach Cottage in Indian River Point Sold

Indian River Point in Jensen Beach Florida

This charming updated Jensen Beach Cottage in Indian River Point Sold in 30 days.  The happy new home owners have left the cold north east for a permanent home near the shores of the Indian River in Indian River Point on the Jensen Beach Causeway in Martin County, Florida

Indian River Point in Jensen Beach Florida

Indian River Point in Jensen Beach Florida

If you’re looking for a winter getaway or a full time residence near the ocean with boating access, then you’ve found it here. On the Jensen Beach Causeway, less than 1 mile from the Ocean is this charming and updated 2 Bedroom office/den or 3’rd bedroom, 2 Bath home with an attached 1 car garage. Spacious open living area with lots of space and light. Dining nook and breakfast bar accompanies the updated kitchen with Corian counters. The Office/Den features a wet bar. French doors lead to the private patio and barbecue area. This waterfront community features docks which are available to rent or purchase. There’s a community pool, tennis court and RV/Boat parking as well. Perfect opportunity for a dream Florida lifestyle. Rentals are permitted.

Indian River Point in Jensen Beach Florida

Indian River Point in Jensen Beach Florida

Indian River Point in Jensen Beach Florida

Indian River Point in Jensen Beach Florida

Indian River Point in Jensen Beach Florida is a small waterfront community with 68 homes located on the east side of the Jensen Beach Causeway in Martin County.  This is a waterfront community that offers deep water docks on the shores of the Indian River (the Intracoastal Waterway).  The shores of Indian River Point feature miles log water views towards the Stuart Causeway.

Indian River Point in Jensen Beach Florida

In addition to the docks, Indian River Point has a community pool, tennis court and an area set aside for boat or RV parking.  Low homeowner’s association fees of approximately $300 per moth cover basic cable, lawn and landscaping as well as the common areas.

Indian River Point in Jensen Beach Florida

This waterfront community is less than 1 mile from the crystal clear waters of the Atlantic Ocean at Jensen Beach’s public beach.  A perfect place to call home or as a getaway from those cold northern winters.

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Jensen Beach Cottage in Indian River Point Sold

North River Shores December 2012 Market Update

12.14.12 by

North River Shores December 2012 Market Update

The North River Shores December 2012 Market Update for Stuart Florida:

There are currently 24 active listings in North River Shores.  The average list price is $548,424 based on $204.83 per square foot of living area.

16 homes are under contract (pending sales) Of these, 4 are short sales and no bank owned foreclosures.  The average list price is $264,143 at $137.35 per square foot.

In the past 12 months, 36 homes have sold in North River Shores at an average sales price of $394,916 at $154.58 per square foot of living area.
The highest priced sale was $1,885,750 and the lowest was $60,000.  (8 were short sales and 5 were bank owned sales.)

North River Shores Homes for Sale in Stuart, Florida

 

The area north of the Roosevelt Bridge to Britt Road and west of US 1 is sometimes loosely referred to as “North River Shores.” However, North River Shores and its companion neighborhoods of Cocoanut Point and North River Forest are distinct subdivisions as recorded in Martin County records.
North River Shores
Members of these communities enjoy the benefits of designated park areas as well as the use of the boat ramp at Nosaw Park which accesses the North Fork of the St. Lucie River.There are also some accompanying deed restrictions that enhance and protect the aesthetic nature of this beautiful community.

 North River Shores

The North River Shores communities include both waterfront and non-waterfront homes.  Waterfront homes may have sweeping miles wide views of the North Fork of the Saint Lucie River or protected canal front homes with deep water dockage.  Additionally, North River Shores is a bird and wildlife sanctuary.


North River Shores This community is blessed with easy access to shopping, the beaches, houses of worship, schools and access to both downtown Stuart and Jensen Beach, yet it maintains a quiet and peacefully neighborhood character.   This is a wonderful neighborhood within Martin County’s ‘A’ rated school district.For additional information about North River Shores and/or the surrounding communities, contact Gabe Sanders or of Premier Realty Group.

North River Shores

 
Search here for available homes in North River Shores

 

Find the Perfect Home for Sale Today

Prices are low ant 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!!!

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Stuart Florida Real Estate

North River Shores December 2012 Market Update

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.

 

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Stuart, FL Real Estate

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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 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.

[singlepic id=3044 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.

[singlepic id=3045 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 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.



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Hobe Sound Florida Real Estate presented by:
Gabe Sanders

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.


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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

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For more information about this and other Martin County communities contact:
Gabe Sanders

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:
Gabe Sanders

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