Residential Market Report for November 2010 in Martin County, Florida

Residential Market Report for November 2010 in Martin County, Florida

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The residential sales report for November showed an increase in the weakness of the real estate market.  Much of this is seasonal, as can be compared to past years fluctuations.  Average sales prices have continued their slide, but much of this is due to lower priced inventory (smaller and older homes) sales and distressed property sales.

Interest rates have started to increase and this may result in at least a short term increase in home sales, but more negative pressure on prices.

Martin County Market Report Residential Sales Absorption Rate

The Definition of Absorption Rate:
Number of weeks 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.

Data compiled from the Realtor Association of Martin County

Residential Market Report for November 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: Jensen Beach, Florida Residential Real Estate Sales

Market Report: Jensen Beach, Florida Real Estate Sales
Zip Code 34957, Residential Sales for November 2010


For November, 2010: 16 Residential properties sold in Jensen Beach, Florida Zip Code 34957
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There are currently 183 active listings.

51 Residential sales are pending and awaiting close.

Search here for Jensen Beach Florida Real Estate for Sale

Free MLS Search
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Market Report: Jensen Beach, Florida Real Estate Sales
Zip Code 34957, Residential Sales for November 2010

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Jensen Beach Florida Real Estate
presented by the Gabe Sanders real estate team

Market Report: Sewalls Point, Florida Real Estate Sales

Market Report: Sewalls Point, Florida Real Estate Sales
Zip Code 34996, Residential Sales for November 2010


For November, 2010: Only 1 Residential property (foreclosure) sold in Sewalls Point, Florida Zip Code 34996
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There are currently 48 active listings.

12 Residential sales are pending and awaiting close or lender approval..

 

Search here for Sewalls Point Florida Real Estate for Sale

Search the Martin County MLS
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Market Report: Sewalls Point, Florida Real Estate Sales
Zip Code 34996, Residential Sales for November 2010

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Sewalls Point Florida Real Estate
presented by the Gabe Sanders real estate team

Market Report: Hobe Sound, Florida Residential Real Estate Sales

Market Report: Hobe Sound, Florida Real Estate Sales
Zip Code 33455, Residential Sales for November 2010


For November, 2010: 16 Residential properties sold in Hobe Sound, Florida Zip Code 33455

There are currently 431 active listings.

51 Residential sales are pending and awaiting close.

Search here for Hobe Sound Florida Real Estate for Sale

Market Report: Hobe Sound, Florida Real Estate Sales
Zip Code 33455, Residential Sales for November 2010

Hobe Sound Florida Real Estate
presented by the Gabe Sanders real estate team

Residential Market Report for October 2010 in Martin County, Florida

Residential Market Report for October 2010 in Martin County, Florida

The Martin County Residential Market Reports sales data of single family homes and town homes as reported by the Realtor Association of Martin County.

Sales of residential units in Martin County were remained basically unchanged from last month in volume while down from October of 2009 from 133 units to 114 units for this October.  The home owners tax credit was in force and this certainly had an effect on the higher sales volume of last year..

Average sales prices took another dip this month  while listing prices have risen slightly.  Inventory has basically remained unchanged from last year and with sales down the absorption rate is once again high ( almost 16 months) and in very unattractive levels. Barring any unforeseen external economic events, we are expecting a modest increase in sales volume after the holidays as the current buying environment is very positive with some of the best values available.  If there’s any hint of inflation and the corresponding increase in mortgage interest rates we expect a fairly strong increase in activity, unfortunately for sellers with no corresponding increase in price  s

The current charts follow:

Martin County Residential Data
(Single Family Homes)

Martin County Market Report Residential Sales Absorption Rate

The Definition of Absorption Rate:
Number of weeks 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.

Data compiled from the Realtor Association of Martin County

Residential Market Report for October 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