Martin County Florida Condo Market Report for April 2012

Martin County Florida Condo Market Report for April 2012

Commentary:

For April, the Martin County Florida Condo Market finally showed some life with better results than we’ve had all year.  Sales for April were a strong 75 units, 11 units more than March and 25 units above April of 2011.  On another positive note, the median sales price rose to $118,500 reflecting some higher to moderate priced condos having sold.

The inventory declined to 606 condos, which is down from 651 units last month and down from the 714 condos that were on the market in April of 2011. The one month absorption rate is now at 8.08 months, while the three month average is down to 9.68 months. It remains a challenging market for condos in Martin County but 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.

The big uncertainty that remains is the economy. We believe that if we have any sustained good news, we will see a pretty good rush on the market which will be a nice change from the present. For the longer term, even though we have the best mortgage rates in history at the moment, inflation is making news and this is not good for rates down the line. The Fed is working hard to keep rates down, but for how long, we’re just not too sure.

Our outlook for Martin County is fairly positive as for buyers, prices and rates remain very attractive. For sellers, it doesn’t look like we’re going to see any significant improvements soon, so if you need to sell, you may be better off now than possibly in the near future.

Martin County Florida Condo Market Report for April 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, visit our website or call us at (772) 888-2885.
Our market reports are here!

Martin County Florida Residential Market Report for April 2012

Martin County Florida Residential Market Report for April 2012

Commentary:

The Martin County Florida residential market report for April 2012 showed another healthy month. The sales volume of 166 homes was 5 homes more than last year with about 300 less homes in inventory. The one month absorption rate was down to 7.5 months while the three month moving average is now at 8.16 months.  This is up slightly from March.  The one month absorption rate is now indicating close to a balanced market.  There are still a significant amount of pending short sales that seem to be taking forever to close.  I am hoping that the lenders are not tightening up their requirements as they also see market activity improving.

Both average and median sales prices were down slightly from March.  This is the second monthly decline after a number of months of increases. This is more a reflection of the mix of homes selling for these months rather than an indication of lower values (More lower-priced homes selling). However, the specter of an increased number of distressed properties being released by the banks remains. Should a large number of foreclosures come on the market, this will further depress prices and keep the values relatively stable at best.

Our outlook for Martin County remains optimistic as prices and rates remain at historic low levels. For sellers, homes are selling, and if priced and presented optimally, they are going quickly. Buyers are seeing historically low-interest rates and very affordable quality homes in almost all price ranges.

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

Click on the individual charts to see charts in expanded mode.

Martin County Florida Residential Market Report for April 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, visit our website or call us at (772) 888-2885.
Our market reports are here!

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

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

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

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

There are currently 35 active condo listings. (Down 3 from March)

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

5 Condos sold in April (Unchanged from March)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the martin County real estate market.  April showed continued activity with five closed sales and a further decrease in inventory. I don’t expect to see any great movement in this segment of the Treasure Coast Florida condo market, with the current absorption rate on 7 months, indicating a balanced market for April. Last April’s numbers were 39 active listings, 9 pending sales and 3 closed sales. Almost identical to this year’s numbers.

 

 

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

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

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

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

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

There are currently 53 active listings. (Down 15 from March)

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

8 Condo Sold (Unchanged from March)

The Jensen Beach Condo market (zip code 34957)  is a fairly small segment of the Martin County condo market.  The current inventory has fallen to new lows with only 53 condos on the market.  Pending sales remain high and closed sales were unchanged from last month.   With an April absorption rate of 6.7 months, this is currently a balanced market.

Last April there were 61 active listings, 20 pending sales and 6 closed sales. Basically unchanged over the year.

Search here for Jensen Beach Real Estate for Sale

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

Martins Crossing in Stuart Florida

Martins Crossing in Stuart Florida

Located in the intimate, yet vibrant, city of Stuart near a variety of fine restaurants, cultural outlets and shopping.  Martins Crossing, boasts of  596 residences with a stunning variety of single family homes and a section of private town homes. This family friendly community was completed around 2006 with mostly newer homes.

 Community amenities include lush landscaping and with private preserve views,  The Martins Crossing Clubhouse has a sparkling resort style pool, and over sized deck, tennis courts and a playful tot lot all nearby.

 Martins Crossing is conveniently located by Kanner Hwy. and Pomeroy Street for easy access to Historic Downtown Stuart, the beaches and waterways of Martin County, restaurants, shopping and quick access to I-95.  All this in a wonderful ‘A’ rated school system.

Search for Martins Crossing Homes for Sale

Stuart Florida Estate is presented by:

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Martins Crossing in Stuart Florida

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

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

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

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



There are currently 66 active condo listings. (Unchanged from March)

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

1 Condo Sold in April. (Down 2 from March)

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. Most of the condos in Palm City are not as attractive to Martin County’s seasonal buyers and tend to be more attractive to a greater number of year round residents. This segment of the market currently is treading water with small changes in all categories.  The only bright note is the single sale this month was one of the higher priced condos in the Admiralty.

Last years numbers for the Palm City (34990 zip code area) Condo market were 58 active listings, 10 pending sales and 2 closed sales.  This segment of the martin County real estate market is just not performing at this time, unlike most of our other areas as well as the residential Palm City market.

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

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

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

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

For April 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 79 active listings (Down 5 from March).

40 Residential sales are pending and awaiting close or lender approval (Down 1 from March).

5 Homes Sold in April (Down 2 homes from March)

The 34994 ZIP code area of the Stuart, Florida real estate market remained largely unchanged from march.  With a continuing decrease in inventory, finding good quality homes is becoming more of a challenge for any ready willing and able buyers.

Last April at this time, there were 88 active listings, 28 pending sales and 8 closed sales.  Slightly off from last years numbers.

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Stuart, FL Real Estate

Rental Properties

Condominium Properties

Vacant Land Properties

Commercial Properties

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

Martin County Florida Condo Market Report for March 2012

Martin County Florida Condo Market Report for March 2012

Commentary:

Unlike the residential segment of the Martin County real estate market, the Martin County Florida Condo Market Report for March 2012 showed modest increases for March of 2012 rather than the explosive growth in the single family segment of the Martin County real estate market.  Sales for March were a respectable 64 units, 19 units less than March of 2011 (83 units)  but higher than February’s 57 units. On a positive note, the median sales price rose to $103,500 from an anemic $85,000 last month.

The inventory rose slightly to 651 condos, which is up from 640 units last month and down from the 721 condos that were on the market in March of 2011.  The one month absorption rate is now at 10.2 months, while the three month average is at 12.4 months.  It remains a challenging market for condos in Martin County. We need to see the absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

The big uncertainty that remains is the economy. We believe that if we have any sustained good news, we will see a pretty good rush on the market which will be a nice change from the present. For the longer term, even though we have the best mortgage rates in history at the moment, inflation is making news and this is not good for rates down the line. The Fed is working hard to keep rates down, but for how long, we’re just not to sure.

Our outlook for Martin County is fairly positive as for buyers, prices and rates remain very attractive. For sellers, it doesn’t look like we’re going to see any significant improvements soon, so if you need to sell, you may be better off now than possibly in the near future.

Martin County Florida Condo Market Report for March 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, visit our website or call us at (772) 888-2885.
Our market reports are here!

Martin County Florida Residential Market Report for March 2012

Martin County Florida Residential Market Report for March 2012

Commentary:

The Martin County Florida residential market report for March 2012 showed very strong results. The sales volume of 198 homes was 11 homes more than last year and up by 82 homes from January (116). The one month absorption rate was down to 6.5 months while the three month moving average is now at 9.9 months. The one month absorption rate is now indicating a balanced market and as some other markets are reporting around the nation, we are hovering on a possibility of once again being in a ‘seller’s markt’. Activity remains high and I expect some fairly respectable numbers for the coming months.

Both average and median sales prices were down slightly from February.  The first decline in the past two months.  This is more a reflection of the mix of homes selling for this month rather than an indication of lower values (More lower priced homes selling).  However the spectre of an increased number of distressed properties being released by the banks remains and should a large number of foreclosures come on the market, this will further depress prices at worst, keep the values relatively stable at best.

Our outlook for Martin County remains optimistic as prices and rates remain at historic low levels. For sellers, homes are selling, and if priced and presented optimally, they are going quickly. Buyers are seeing historically low interest rates and very affordable quality homes in almost all price ranges.

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

Click on the individual charts to see charts in expanded mode.

Martin County Florida Residential Market Report for March 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, visit our website or call us at (772) 888-2885.
Our market reports are here!

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

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

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

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

There are currently 38 active condo listings. (Up 6 from February)

7 Condo sales are pending and awaiting close or lender approval. (Up 3 from February)

  5 Condos sold in March (Up 4 from February)

The Hobe Sound condo market (Zip Code 33455) is a very small segment of both Hobe Sound real estate as well as the smallest condo market in Martin County. March showed some improvement from previous months, with an increase to 5 closed sales.  Inventory gre a little but with such a low inventory, I don’t expect to see any great movement in this segment of the Treasure Coast Florida condo market. Last March’s numbers were 37 active listings, 9 pending sales and 5 closed sales. Almost identical to this year’s numbers.

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

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

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

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

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

There are currently 68 active listings. (Unchanged from February)

26 Condo sales are pending and awaiting close or lender approval. (Up 5 condos from February)

8 Condo Sold (An increase of 6 condos from February)

The Jensen Beach Condo market (zip code 34957) for Martin County is a fairly small segment of the market.  It maintains a good active market however with a low inventory that was unchanged from February and fairly good pending data.  Closed sales were up by a good amount last month. 

Last March there were 63 active listings, 21 pending sales and 7 closed sales. Basically unchanged over the 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, March 2012

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

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

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

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

There are currently 66 active condo listings. (Down 5 from February)

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

3 Condos Sold in March. (Down 2 from February)

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 townhomes.   Most of the condos in Palm City are not as attractive to Martin County’s seasonal buyers and tend to be more attractive to a greater number of year-round residents.  This segment of the market currently is treading water with small changes in all categories.

Last year’s numbers for the Palm City (34990 zip code area) Condo market were 65 active listings, 7 pending sales and 5 closed sales.

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

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

Suntide Oceanfront Condo on Hutchinson Island Open House

Suntide Oceanfront Condo on Hutchinson Island Open House

Please join us on April 22, from 1:00 to 4:00 pm. to view this great opportunity on Hutchinson Island.
Suntide Condo, 1357 NE Ocean Blvd. in Stuart, FL

Fully furnished with an updated kitchen and oceanfront condo in Martin County’s prime Hutchinson Island location and building. Spacious 2 bedroom split plan with everything one needs for a full-time home or that special Florida tropical retreat. Suntide includes private beach access, a heated pool, tennis courts, shuffleboard, a wash area, a newly renovated clubhouse with billiards, a card table, a fully equipped kitchen, a bar, a library and entertaining area, and a professional fitness center. Under building secured parking. This well-appointed condo is ready for immediate occupancy.

Suntide Oceanfront Condo on Hutchinson Island Open House

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

Open House in Rocky Point Condo with 40 Foot Deeded Boat Dock

Open House in Rocky Point Condo with 40 Foot Deeded Boat Dock

Port Manatee Condo in Rocky Point

Join us on April 22, from 1 to 4 P.M. to view this exceptional opportunity for the serious boater or investor!

Are you 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, 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.) is allowed. Great location, only minutes to the beaches, shopping restaurants and all the amenities that Martin County has to offer. Call for more information.

Search for all Condos in Rocky Point, Stuart

Rocky Point Florida Real Estate is presented by:
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Open House in Rocky Point Condo with 40 Foot Deeded Boat Dock

Price Reduced on Stuart Home on 2 Acres

Price Reduced on Stuart Home on 2 Acres

5689 SE Ault Ave is now $180,000

3, possible 4 bedroom, 2 bath, ranch home on 2 acres zoned for agriculture use to keep your taxes low. Solar hot water heater to keep utility bills low also. This unique and secluded property sits at the end of a private driveway with a lake that surrounds two sides of the property. Along with the spacious home and land is a detached air-conditioned workshop/garage and an air-conditioned kennel. A professional vegetable garden set up with underground sprinklers. Lots of room for whatever you may need for a home-based business or raising and taking care of animals. Horses permitted. A tranquil setting but still in the heart of Stuart, only minutes to schools, shopping, restaurants and the beaches of Martin County. Many, many extras. Now reduced to $180,000

Stuart Florida Real Estate is presented by:
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Price Reduced on Stuart Home on 2 Acres

Another Cedar Pointe Condo Sold by the Gabe Sanders Real Estate Team

Another Cedar Pointe Condo Sold by the Gabe Sanders Real Estate Team

2929 SE Ocean Blvd. Unit 147-8
Sales Price – $45,000

Charming two-bedroom condominium located in desirable Village 8. This condo comes completely furnished and is in move-in condition. Serene views from the glass-enclosed porch was recently redone. The air conditioner and roof were replaced in 2009. Community laundry plus an extra storage room are just steps away from your door. Complex amenities include clubhouse, pool, shuffleboard and many enjoyable activities to meet the neighbors. 55+ Community Close to shopping and beaches.

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Another Cedar Pointe Condo Sold by the Gabe Sanders Real Estate Team

Price Reduced on Rocky Point Condo with 40 Foot Deeded Boat Dock

Price Reduced on Rocky Point Condo with 40 Foot Deeded Boat Dock

Port Manatee Condo in Rocky Point

Now reduced to $199,000

Port Manatee Condos in Rocky Point FL
Port Manatee Condos in Rocky Point FL

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 clea r 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 carpe ts. 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 Condos in Rocky Point FL

More Information and Pictures for this Rocky Point Condo with Deeded Dock

Search for all Condos in Rocky Point, Stuart

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Rocky Point Florida Real Estate is presented by:
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Price Reduced on Rocky Point Condo with 40 Foot Deeded Boat Dock

Martin County Florida Condo Market Report for February 2012

Martin County Florida Condo Market Report for February 2012

Commentary:

Much like the residential segment of the Martin County real estate market, the Martin County Florida Condo Market Report for February 2012 showed modest increases for February of 2012. Sales for February were a respectable 57 units, up by 3 from February of 2011 (54 units) and also up from January which had 37 sales. On a negative note, the median sales price took a dive to $85,000.  This is most likely a reflection of the mix of condos that sold in February as opposed to a big drop in values.  More of the lower priced mainland condos were the ones that drove down the median price.

The inventory continues to decline and is now down to 640 condos, which is down from 664 units last month and from 772 condos in February of 2011.  This is the lowest inventory since November of 2005 which was prior to the ‘bubble’.  A decreased inventory will trigger an increase in demand as the supply of existing units just isn’t available increasing the urgency for buyers.

The one month absorption rate is now at 11.23 months, while the three month average is at 13.54 months.  Considerably better than the 14.3 and 15.51 months of February 2011. We still need to see the absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

The big uncertainty that remains is the economy. We believe that if we have any sustained good news, we will see a pretty good rush on the market which will be a nice change from the present. For the longer term, even though we have the best mortgage rates in history at the moment, inflation is making news and this is not good for rates down the line. The Fed is working hard to keep rates down, but for how long, we’re just not to sure.

Our outlook for Martin County is fairly positive as for buyers, prices and rates remain very attractive. For sellers, it doesn’t look like we’re going to see any significant improvements soon, so if you need to sell, you may be better off now than possibly in the near future.

Click on the individual charts to see charts in expanded mode.

Martin County Florida Condo Market Report for February 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, visit our website or call us at (772) 888-2885.
Our market reports are here!

Martin County Florida Residential Market Report for February 2012

Martin County Florida Residential Market Report for February 2012

Commentary:

The Martin County Florida residential market report for February 2012 showed excellent results. The sales volume of 116 homes was the exact same as last year and up by 18 homes from January (98). The one month absorption rate was down to 11.85 months while the three month moving average is at 11.31 months. Activity remains high and I expect some fairly respectable numbers for the coming months.

Both average and median sales prices were up from January.  In fact, average sales prices have risen for the last two months.  Along with this trend, listing prices are also inching up, and have been rising for the past six months.  The inventory declined to 1375 residential units.  This is the lowest value since October of 2005, before the ‘bubble’.  The reduction of inventory is what is exerting strong pressure on possible price increases.  While a continuing trickle of distressed properties (short sales and foreclosures) are counteracting the upward price pressure.

Our outlook for Martin County remains optimistic as prices and rates remain at historic low levels. For sellers, homes are selling, and if priced and presented optimally, they are going quickly. Buyers are seeing historically low interest rates and very affordable quality homes in almost all price ranges.

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

Click on the individual charts to see charts in expanded mode.

Residential Market Report for February 2012 in Martin County, Florida

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, visit our website or call us at (772) 888-2885.
Our market reports are here!

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

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

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

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

There are currently 32 active condo listings. (Unchanged from last January)

4 Condo sales are pending and awaiting close or lender approval. (Up 1 from January)

  1 Condo Sale closed in February (Down 4 from January)

The Hobe Sound condo market (Zip Code 33455) is a tiny segment of both Hobe Sound real estate as well as the smallest condo market on the Treasure Coast. February showed very little change from previous months, with only 1 sale closed. With such a low inventory, I don’t expect to see any great movement in this segment of the Treasure Coast Florida condo market. Last February’s numbers were 48 active listings, 12 pending sales and 3 closed sales.

Search here for Hobe Sound Florida Real Estate for Sale ( Condos)
For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

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