Residential Market Report for January 2011 in Martin County, Florida

Residential Market Report for January 2011 in Martin County, Florida

 

Unlike the very strong December sales of single family homes and town homes in December 2010, January 2011 came in with a whimper.  Sales were down to 85 units as opposed to 148 in December.  Even prices sent mixed signals as the median price was down and the average price was up.  About the only good news was a continued small decrease in inventory.  Now down to 1787 units. Just above the low point in May of 2010 and Matching the Dec 2005 level.  The brutal winter up north might just bring more buyers for the remainder of this season.  Come back in the next few months to see the results.

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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

 

Residential Market Report for December 2010 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 about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate or Treasure Coast FL Homes

Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for January 2011

Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for January 2011

For January, 2011 in the 33455 Zip Code area of Hobe Sound, Florida :


There are currently 388 active listings ( up from 374 in December).

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57 Residential sales are pending and awaiting close or lender approval (up 10 from last month)

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18 Homes Sold in January (down 10 from December)

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An increase in inventory and decreased sales this month.  Pendings, however are up.  We think this will be an interesting spring season coming up.

 

Search here for Hobe Sound Florida Real Estate for Sale

Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for January 2011

 

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

 

 

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for January 2011

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for January 2011

For January, 2011 in the 34990 Zip Code area of Palm City Florida :

There are currently 584 active listings (up 7 from December)

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136 Residential sales are pending and awaiting close or lender approval. (Up 26 from last month)

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29 Homes Sold in January (down from 45 for December)

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Sales for January in Palm City were off from an unusually strong December, but pending sales have gone up for a possible better spring.  Inventory is also rising which will further increase price pressures.

 

Search here for Palm City Florida Real Estate for Sale

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for January 2011

 

Palm City Florida Real Estate presented by:

the Gabe Sanders real estate team

 

 

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for January 2011

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for January 2011

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

There are currently 111 active listings (down 3 from December).

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42 Residential sales are pending and awaiting close or lender approval (up 5 from last month).

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6 Homes Sold in January (down from 14 for December)

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Inventory is down a little in zip code 34994 and pending sales are up slightly.  Unfortunately closed sales were off by over 50% in this area of Stuart, FL.

 

Search here for Stuart Florida Real Estate for Sale

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for January 2011

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

 

 

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for January 2011

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for January 2011

For January, 2011 in the 34997 Zip Code area of Stuart, Florida :

There are currently 635 active listings (up 10% from December).

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164 Residential sales are pending and awaiting close or lender approval (up 9 from last month).

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23 Homes Sold in January (down 50% from December)

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It’s been a fairly active winter season in Martin County compared to the past few winters.  We’re not sure why sales were down in this segment of the market for January as most of the county has shown improving numbers.

 

Search here for Stuart Florida Real Estate for Sale

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for January 2011

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