Palm City Florida Market Report ZIP Code 34990 &#8211; Condo, September 2012

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Fairwinds Cove Condos in Jensen Beach Florida

Jensen Beach Cottage in Indian River Point is Pending

10.08.12 by Gabe Sanders

Jensen Beach Cottage in Indian River Point is Pending

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 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.

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.

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 is Pending

The Estuary of Stuart Florida

09.30.12 by Gabe Sanders

The Estuary of Stuart Florida

There are currently three homes and two condos listed in the Estuary.
One home and one condo are currently under contract.
In the past 6 months, 4 homes and 7 condos have sold.
Sales prices ranged from a high of $775,000 for a newer waterfront home to a low of $67,900 for a two bedroom condo.

The Estuary of Stuart Florida, located in North Stuart, Florida and often mistaken for being a part of Jensen Beach Florida is a gated community with a variety of homes ranging from condos, to 1980’s vintage homes, to newer villas as well as waterfront homes with deep water docks.

The Estuary of Stuart Florida is very conveniently located on the banks of the North Fork of the Saint Lucie River, just minutes from the Treasure Coast Mall and the shopping and dining areas of the US-1 corridor in Jensen Beach.

Stuart Florida Real Estate

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

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The Estuary of Stuart Florida

Martin County Florida Condo Market Report for August 2012

09.29.12 by Gabe Sanders

Martin County Florida Condo Market Report for August 2012

Commentary:

The Martin County Florida Condo Market for August 2012 is showing signs of our typical summer slowdown. Sales for August were down to 46 units from 57 in July. Though this is still slightly better than August of 2011 which had 43 sales. The inventory was up by 7 units and is basically holding steady as last year at this time it was 618 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. Both average and median sales prices were off again for August reflecting a continued pressure on pricing in the local condo market. Also, the mix of sales has been in the lower price ranges, as the more expensive, typically ocean front condos tend to have better sales in the winter and spring season..

The one month absorption rate is up to 12.6 months, while the three-month average is at 10.4 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.

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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 August 2012

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

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Martin County Florida Residential Market Report for August 2012

09.28.12 by Gabe Sanders

Martin County Florida Residential Market Report for August 2012

Commentary:

The Martin County Florida residential market report for August 2012 continues to show strong results. The sales volume of 179 homes is 43 homes better than 2011 and 82 homes better than 2010. Looking at the absorption rate table, this is the first August in memory that sales continued to remain strong during the off season. All this with a much reduced inventory from previous months.

Average sales prices were up for August, while the median sales price was off slightly. Indicating a sale of a few much higher priced home and continuing very strong demand for the more affordable mix in the Martin County residential market. Other than the top of the price range, the market is now showing price increases pretty much across the board until you reach the above $ 1 million dollar homes, where the market remains somewhat difficult.

This months inventory showed a small increase (for the first time in years) to 1147 units (up 15 from last month), still down from the 1340 homes that were on the market in August of 2011 (and the 2795 homes in August of 2007). The one month absorption rate for August is 6.4 months, while the three-month average is 6.6 months. These absorption rates are very close to a balanced market, favoring neither seller or buyer.

Overall, very positive market results for the residential segment of the Martin County real estate market.

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

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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 August 2012

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

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

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

09.27.12 by Gabe Sanders

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

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

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

There are currently 26 active condo listings. (Down 2 from July)

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

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2 Condos sold in August (A decrease of 1 condos from July)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. August showed very little change from last month. With only 26 units available it’s fairly slim pickings in the Hobe Sound Florida Market Report ZIP Code 33455 condo market. Small changes in any metric will reflect large changes in market activity and unless some dramatic changes occur, I would expect the Hobe Sound condo market to remain fairly static.

The one month absorption rate is 13 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 August 2011 numbers were: 42 active listings, 6 pending sales and 3 closed sales. Other than a significantly lower inventory, very similar results.

Hobe Sound Florida Real Estate presented by:
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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, August 2012

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

09.23.12 by Gabe Sanders

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

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

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

There are currently 63 active condo listings. (An increase of 1 condo from July)

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

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4 Condos Sold in August. (Up 3 from July)

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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 August, closed sales were up 3 units from the one sale of July. Both pending sales and the inventory only changed by 1 unit for August.

The one month absorption rate for the Palm City Florida condo market is 15.5 months. Still a significant buyers market.

The August 2011 numbers were: 52 active listings, 5 pending sales and 4 closed sales. Very similar to this year. The one statistic to note, unlike most other segments of the Martin County real estate market, the inventory for Palm City condos is up from last year.

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

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

09.20.12 by Gabe Sanders

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

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

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

There are currently 50 active listings. ( A decrease of 4 condos from July)

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27 Condo sales are pending and awaiting close or lender approval. (Up 4 condos from July)

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4 Condo Sold (Down 1 from July)

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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 50 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 August 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 August 2012, Jensen Beach Florida Market Report ZIP Code 34957 stands at a very unimpressive 12.5 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 August 2011 numbers were: 51 active listings, 15 pending sales and 5 condos closed. Other than the significantly larger number of pending sales, the inventory and closed sales are virtually identical.

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

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

09.11.12 by Gabe Sanders

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

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

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

There are currently 58 active listings (Down 4 from July).

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38 Residential sales are pending and awaiting close or lender approval (Down 15 from July).

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14 Homes Sold in August (Down 2 homes from July)

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The 34994 ZIP code area of the Stuart, Florida real estate market activity slowed somewhat from the active spring and early summer. Both sales and pending sales declined for August. The inventory continued to decline and is now down to very low levels for this segment of the Stuart Florida market. With only 58 available homes for sale in this zip code are of Stuart, finding quality well priced homes is becoming difficult for buyers.

The one month absorption rate for this zip code is just over 4 months, which signifies a sellers market. Excellent time for those wishing to place their homes on the market for sale. The August 2011 numbers were 84 Active Listings, 27 pending sales and 5 closed sales.

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Stuart, FL Real Estate

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

North River Shores Homes in Stuart Florida

09.05.12 by Gabe Sanders

North River Shores Homes in Stuart Florida

The current market activity for North River Shores as of August 30, 2012:

There are currently 28 active listings in North River Shores.
18 homes are under contract (pending sales) Of these, 10 are short sales and 1 Foreclosure.
In the past 12 months, 36 homes have sold in North River Shores at an average of $156.40 per square foot of living area.
The highest priced sale was $1,885,750 and the lowest was $38,300.

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.

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.

Views from North River Shores, Stuart, Florida

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.

Homes in North River Shores, Stuart, Florida

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 Homes for Sale in Stuart, Florida

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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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North River Shores Homes in Stuart Florida

Martin County Florida Condo Market Report for July 2012

08.31.12 by Gabe Sanders

Martin County Florida Condo Market Report for July 2012

Commentary:

The Martin County Florida Condo Market for July 2012 is showing signs of improvement even though we are now in the typically slower summer season for condo sales. Sales for July were a strong 57 units, which is the highest number of condo sales for a July since 2005. The inventory continues to shrink, although at a slower rate. I would not be surprised to see some inventory growth as we get into the upcoming fall and winter condo season. For the first time in five months, we’ve seen a drop in median sales prices. Rather than a decrease in values, this is indicative of a greater number of lower priced condos in the mix of the completed sales.

The inventory is now down to 571 condos, down from the 652 condos that were on the market in July of 2011. The one month absorption rate is now at 10.02 months, while the three-month average is at 8.99 months. While it remains a somewhat challenging market for condos in Martin County, there are some signs of life as prices across the board have declined significantly. 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.

With any change to a favorable consumer sentiment, I expect condo sales to pick up dramatically this coming season as nervous potential vacation home buyers will have the courage to step off the sidelines.

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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 July 2012

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:

Martin County Florida Residential Market Report for July 2012

08.30.12 by Gabe Sanders

Martin County Florida Residential Market Report for July 2012

Commentary:

The Martin County Florida residential market report for July 2012 continues to show excellent results. The sales volume of 155 homes is 20 homes better than 2011 and 10 homes better than 2010, when those numbers were inflated by the governments first time buyers assistance programs.

Both average and median sales prices were up for July and are showing a slow but steady rise from previous months (on average). Certain segments of this market are definitely increasing in value. Whether this trend continues or not will be dependent on factors such as interest rates, inventory and distressed properties.

The inventory is now down to 1132 homes, down from the 1327 homes that were on the market in July of 2011 (and the 2804 homes in July of 2007). The one month absorption rate is now at 7.3 months, while the three-month average is down to 6.28 months. These absorption rates signify a balanced market, favoring neither seller or buyer.

We are increasingly seeing buyers unable to find homes in their criteria with today’s low inventory levels. Either they have to settle for something less than their requirements or move on to different areas or even postpone their home purchases. For those thinking about selling their homes, this is the best time in many years.

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

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Data compiled from the Realtor Association of Martin County

Martin County Florida Residential Market Report for July 2012

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:

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

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

08.29.12 by Gabe Sanders

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

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

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

There are currently 28 active condo listings. (Down 2 from June)

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

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3 Condos sold in July (A decrease of 3 condos from June)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. July showed fewer closed sales, one less pending sale recorded as well as another decrease in inventory. With only 28 units available it’s fairly slim pickings in the Hobe Sound Florida Market Report ZIP Code 33455 condo market.

The one month absorption rate is 9.3 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.

Hobe Sound Florida Real Estate presented by:
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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, July 2012

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

08.26.12 by Gabe Sanders

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

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

For July 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the June Market Snapshot data was unavailable)

There are currently 54 active listings. ( A decrease of 4 condos from June)

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23 Condo sales are pending and awaiting close or lender approval. (Up 2 condos from June)

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5 Condo Sold (Down 1 from June)

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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 54 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 July 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 July 2012, Jensen Beach Florida Market Report ZIP Code 34957 stands at 9.7 months. Still a buyers market, but down significantly from past months.

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

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

08.24.12 by Gabe Sanders

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

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

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

There are currently 62 active condo listings. (A decrease of 4 condos from June)

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7 Condo sales are pending and awaiting close or lender approval. (Up 2 from last month)

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1 Condos Sold in July. (Down 2 from June)

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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. For July, closed sales were only 1, and this particular condo sold at an extremely discounted price. It is located in Pipers landing, so there were a number of other fees entailed in the purchase of this unit. However pending sales increased to 7 condos and the inventory once again declined.

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

Indian River Point Cottage in Jensen Beach Florida

08.23.12 by Gabe Sanders

Indian River Point Cottage in Jensen Beach Florida Just Listed

Indian River Point in Jensen Beach Florida

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

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Indian River Point Cottage in Jensen Beach Florida Just Listed

Port Manatee Condo in Rocky Point with 40′ Dock

08.21.12 by Gabe Sanders

Port Manatee Condo in Rocky Point with 40′ Dock

Join us on August 26 from 1 to 4 PM to view this Port Manatee Condo in Rocky Point with 40′ Dock.

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.

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Port Manatee Condo in Rocky Point with 40′ Dock

Coming Soon in Indian River Point in Jensen Beach Florida

08.14.12 by Gabe Sanders

Coming Soon in Indian River Point in Jensen Beach Florida

A perfect cottage for year round or seasonal living in Indian River Point. Updated 2 Bedroom home with Den or Office, 2 Bathrooms and a one car garage. This exciting offering will be available soon. Please call for details.

Indian River Point in Jensen Beach Florida

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