Martin County Home Sales Report for November 2013

12.31.13 by

Martin County Home Sales Report for November 2013

 Commentary:

The Martin County Home Sales Report for November 2013 is showing mixed results.  Closed sales were down from last months 161 homes and also from last years 169 homes to 147 homes sold in November.  The average and median sales prices were up from last year but slightly down from last month.

The one month absorption rate for November 2013 increased to 7.92 months (from 6.86 months in October), and the three-month average is now 6.86 months.  A 6 to 7 month absorption rate is considered to be a balanced market.  Drifting back into a buyers market for the short term at least for residential sales in Martin County.

Please contact us if you have any difficulty interpreting these charts.
  Clicking on the chart will produce a larger view.
Martin County Home Sales Report for November 2013

 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 Home Sales Report for November 2013Martin County Home Sales Report for November 2013 Martin County Home Sales Report for November 2013

Data compiled from the Realtor Association of Martin County

Martin County Home Sales Report for November 2013

the Gabe Sanders real estate team

Residential Home, 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 FL Market Report ZIP Code 33455 Residential November 2013

12.22.13 by

Hobe Sound FL Market Report ZIP Code 33455  Residential November 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for November 2013

 For November 2013 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 277 active listings. (Up by 28 homes from October)

Hobe Sound Florida Market Report ZIP Code 33455 Residential November 2013

75 Residential sales are pending and awaiting close  (Decreased by 9 homes from October)
Hobe Sound Florida Market Report ZIP Code 33455 Residential November 2013

 

37 Homes Sold in November (Up by 11 homes from last month)
Hobe Sound Florida Market Report ZIP Code 33455 Residential November 2013

Continued strong results from the Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County.  Pending sales were off for November, though this is more than likely a seasonal issue.  Interestingly there was a sizable increase in the active inventory which could be an indication of some pent up seller demand from the slow markets of the past years.  Closed sales were up for November.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 is at 7.5  months (9.6 months in October).  Currently a very slight buyers market.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for November 2012 were:  301 active listings, 96 pending sales and 29 closed sales.  Better activity for 2013 than last year.

 Please use the charts below as reference only as they rely on all residential types of property in the 33455 real estate market:

 Hobe Sound Florida Market Report ZIP Code 33455 Residential November 2013

Search here for Hobe Sound Florida Real Estate for Sale

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

 

Hobe Sound, FL Real Estate

Rental Properties

Residential Properties

Vacant Land Properties

Condominium Properties

Commercial Properties

 

Hobe Sound Florida Market Report ZIP Code 33455 Residential, November 2013

Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013

12.20.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for November 2013

 For November 2013in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 135 active listings. (An increase of 8 homes from last month)
Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013

60 Residential sales are pending and awaiting close or lender approval. (Down by 15 homes from October)
Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013

32 Homes Sold (Increased by 15 homes from October)

Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013

The November 2013 Jensen Beach residential real estate market, zip code 34957 showed a welcome increase in closed sales as well as a needed increase in inventory.  Unfortunately, pending sales were off for the month.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 4.4  months (7.5 months in October).  Now a strong seller’s market.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The November 2012 numbers were: 111 active listings, 73 pending sales and 23 home sales closed.   Interestingly the inventory for the Jensen Beach residential real estate market is higher this year than last, unlike most other parts of Martin County.  Pending sales this year are down compared to last, while closed sales are better.
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:
Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013
 

Search here for Jensen Beach Real Estate for Sale

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

 

Jensen Beach, FL Real Estate

Rental Properties

Residential Properties

Vacant Land Properties

Condominium Properties

Commercial Properties

Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013

Palm City Florida Market Report ZIP Code 34990 Condo November 2013

12.19.13 by

Palm City Florida Market Report ZIP Code 34990 Condo November 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2013

 

For November 2013 in the 34990 Zip Code area of Palm City, Florida :



There are currently 67 active condo listings. (Up by 8 condos from October)
Palm City Florida Market Report ZIP Code 34990 Condo November 2013

6 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)
Palm City Florida Market Report ZIP Code 34990 Condo November 2013

 

1 Condos Sold in November. (Down by 3 condo from October)

Palm City Florida Market Report ZIP Code 34990 Condo November 2013

 

Very disappointing activity for the 34990 zip code area of Palm City condo market for November 2013.  Inventory increased, pending sales remained unchanged and only 1 condo sold in November.

The current absorption rate for condos in the 34990 zip code area is an atrocious 67  months with only 1 sale (was 14.8 months in October).   A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market is currently a strong buyers market.
 
The November 2012 numbers were: 61 active listings, 10 pending sales and 5 closed sales.   Unfortunately, this year’s activity is not nearly as active as it was in November 2012.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

Palm City Florida Market Report ZIP Code 34990 Condo November 2013

 

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


Palm City Florida Real Estate presented by:
Gabe Sanders

 

Palm City Florida Market Report ZIP Code 34990 Condo November 2013

Palm City Florida Market Report ZIP Code 34990 Residential November 2013

12.18.13 by

Palm City Florida Market Report ZIP Code 34990 Residential November 2013

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for November 2013

 

For November 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 415 active listings (A decrease of 1 home from October)Palm City Florida Market Report ZIP Code 34990 Residential November 2013

 

149 Residential sales are pending and awaiting close or lender approval. (Increased by 5 homes from last month) Palm City Florida Market Report ZIP Code 34990 Residential November 2013

52 Homes Sold in November (Decreased by 2 homes from October)

Palm City Florida Market Report ZIP Code 34990 Residential November 2013

 
A second month of strong results (in the off season) for the Palm City, zip code 34990, area of Martin County Florida   Continues strong pending and sales activity.  The inventory remained stable after two months of increases.
 
The current absorption rate rose slightly to to 8 months from 7.7 months in October, a slight buyer’s market.  A slight buyers market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.  I don’t expect a buyers market to last, as I think sales will be picking up soon in Palm City once again.

The November 2012 numbers were:  404 active listings, 134 pending sales and 56 closed sales.   Similar activity to last year, though it’s interesting to note that the inventory is now higher.  Reversing a trend from the past year or two.

 

 Please use the charts below as reference only as they rely on all residential types of property in the 34990 real estate market:

Palm City Florida Market Report ZIP Code 34990 Residential November 2013
 

Palm City, FL Real Estate

 

Search here for Palm City Florida Real Estate for Sale

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

 

 

Palm City Florida Market Report ZIP Code 34990 Residential November 2013

 

Stuart Florida Market Report ZIP Code 34997 Residential November 2013

12.16.13 by

Stuart Florida Market Report ZIP Code 34997 Residential November 2013

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2013

 

There are currently 396 active listings (Increased by 15 homes from October). Stuart Florida Market Report ZIP Code 34997 Residential November 2013

143 Residential sales are pending and awaiting close or lender approval (A decrease of 28 homes from October).

Stuart Florida Market Report ZIP Code 34997 Residential November 2013

 

71 Homes Sold in November (Up by 9 homes from October)

Stuart Florida Market Report ZIP Code 34997 Residential November 2013

Mostly positive signs from the Stuart Florida Market Report ZIP Code 34997 residential real estate market.  Unlike many other areas of Martin County the 34997 zip code had a significant rise in inventory in the past two months.  Closed sales were also up.  The only point of some concern was a drop in pending activity for November.
 
The current one month absorption rate dropped to 5.6 months making this segment of the Stuart residential market once again a seller’s market (up from last months 6.15 month absorption rate).  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.  
 
The 2012 numbers were: 359 active listings, 191 pending listings and 44 closed sales.   Interestingly there’s a significantly higher inventory for this segment of the Martin County real estate market.  Closed activity is much higher for this year.  While the number of potential future sales (pending inventory) is a bit worrisome this month.
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
Stuart Florida Market Report ZIP Code 34997 Residential November 2013
 
 

Search here for Stuart Florida Real Estate for Sale

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

 

Sewalls Point, FL Real Estate

Rental Properties

Vacant Land Properties

Residential Properties

 

Stuart Florida Market Report ZIP Code 34997 Residential November 2013

Stuart Florida Market Report ZIP Code 34996 Residential November 2013

12.14.13 by

Stuart Florida Market Report ZIP Code 34996 Residential November 2013

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for November 2013

 

For November, 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 139 active listings (Increased by 10 homes from October). Stuart Florida Market Report ZIP Code 34996 Residential November 2013

 29 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from October).

Stuart Florida Market Report ZIP Code 34996 Residential November 2013 

9 Homes Sold in November (Decreased by 4 homes from October).
Stuart Florida Market Report ZIP Code 34996 Residential November 2013

For the 34996 zip code area of Stuart Florida real estate market, mixed results for November.  A nice increase in inventory which will give buyers a greater selection of available homes for sale.  Also, a small increase in pending sales which is a good sign for future activity.  Unfortunately closed sales were down for this month.

The one month absorption rate for the 34996 zip code area of Stuart Florida for November jumped to 15.4  months as compared to October’s 9.9 months.  A strong buyer’s market for the 34996 zip code area of Stuart.  A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for November of 2012 were: 157 active listings, 23 pending sales and 11 closed sales.   Marginally better numbers this year as compared to 2012 when the reduced inventory is factored in.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:

Stuart Florida Market Report ZIP Code 34996 Residential November 2013 

Search here for Stuart Florida Real Estate for Sale


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

 

Stuart Florida Market Report ZIP Code 34996 Residential November 2013

Sewalls Point Residential Market Report November 2013

12.11.13 by

Sewalls Point Residential Market Report November 2013

Sewalls Point Real Estate Snapshot, Residential Sales for November 2013

 

There are currently 46 active listings (a decrease of 1 home for sale from October)Sewalls Point Residential Market Report November 2013

 

7 Residential sales are pending and awaiting close or lender approval (No change from last month)

Sewalls Point Residential Market Report November 2013

1 Homes sold in October (Down by 4 homes from October) Sewalls Point Residential Market Report November 2013

The November Sewalls Point residential market activity was a bit disappointing.  Only 1 closed sale for November.  Inventory decreased by 1 home and pending sales were also low at 7 homes (unchanged from last month).  Hopefully, this is a result of the slower holiday time period and not an indication of future market activity.

The absorption rate skyrocketed to 46 months compared to last months 9.4 months.  A serious buyers’ market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to November of 2012, the inventory was 41 homes on the market, 10 pending sales and there were 8 closed sales.  Not a good sign as last years’ activity was considerably better than 2013.

Please use the charts below as reference only as they rely on all residential types of property in the Sewalls Point real estate market:

Sewalls Point Residential Market Report November 2013

Search here for Sewalls Point Florida Real Estate for Sale

Search for Martin County Real Estate

Sewalls Point, FL Real Estate

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

 

Sewalls Point Market Report – Residential, November 2013

 

Martin County Florida Residential Market Report for October 2013

12.09.13 by

Martin County Florida Residential Market Report for October 2013

 

Commentary:

The Martin County Florida Residential Market for October 2013 continues to produce better results as compared to recent years.   For October 2013, the inventory rose again (the third month in a row) signifying that some pent up seller demand is now once again re-entering the market as prices continue to increase.  And for October 2013 there were some significant increases.  As the inventory increase, we should continue to see higher sales numbers from previous years, though the absorption rate will start to rise as well.

The one month absorption rate for October 2013 increased to 6.86 months (from 5.99 months in September), and the three-month average is now 5.93 months.  A 6 to 7 month absorption rate is considered to be a balanced market. After almost a full year of a sellers market we are now in a balanced market which is healthy for Stuart FL real estate.

Martin County Florida Residential Market Report for October 2013

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

  Clicking on the chart will produce a larger view.

 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 Florida Residential Market Report for October 2013

 Martin County Florida Residential Market Report for October 2013

Martin County Florida Residential Market Report for October 2013

Data compiled from the Realtor Association of Martin County

Martin County Florida Residential Market Report for October 2013

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 Residential October 2013

11.26.13 by

Hobe Sound Florida Market Report ZIP Code 33455  Residential October 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for October 2013

 For October 2013 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 249 active listings. (Up by 4 homes from September)
Hobe Sound Florida Market Report ZIP Code 33455 Residential October 2013

84 Residential sales are pending and awaiting close  (Increased by 15 homes from September)
Hobe Sound Florida Market Report ZIP Code 33455 Residential October 2013

 

26 Homes Sold in October (Down by 23 homes from last month)
Hobe Sound Florida Market Report ZIP Code 33455 Residential October 2013

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County remains quite active and is one of the strongest performing areas of our county.  After last month’s large decrease in pending sales, we had a significant decrease in closed sales this moth as well.  Hopefully, this is just a seasonal effect and will not signify slower sales for the near future.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 is at 9.6 months (5 months in September).  This is an unexpected jump back into a fairly strong buyer’s market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for October 2012 were:  300 active listings, 79 pending sales and 26 closed sales.   Slightly better numbers for this year when the reduced inventory is factored into the activity.

 

 Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:

 Hobe Sound Florida Market Report ZIP Code 33455 Residential October 2013

Search here for Hobe Sound Florida Real Estate for Sale

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

 

Hobe Sound, FL Real Estate

Rental Properties

Residential Properties

Vacant Land Properties

Condominium Properties

Commercial Properties

 

Hobe Sound Florida Market Report ZIP Code 33455 Residential, October 2013

Jensen Beach Florida Market Report ZIP Code 34957 Residential October 2013

11.24.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Residential October 2013

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for October 2013

 For October 2013in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 127 active listings. (An increase of 3 homes from last month)
Jensen Beach Florida Market Report ZIP Code 34957 Residential October 2013

75 Residential sales are pending and awaiting close or lender approval. (Up by 6 homes from September)
Jensen Beach Florida Market Report ZIP Code 34957 Residential October 2013

17 Homes Sold (Decreased by 11 homes from September)

Jensen Beach Florida Market Report ZIP Code 34957 Residential October 2013

For October 2013 the most significant change for the Jensen Beach residential real estate market, zip code 34957 was a considerable drop in closed sales.  An increase in pending sales bodes well for future sales as does the second month of a slowly increasing inventory.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 jumped to 7.5 months (4.4 months in September).  A slight buyer’s market for now.   A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The October 2012 numbers were: 109 active listings, 74 pending sales and 24 home sales closed.   Interestingly the inventory for the Jensen beach residential real estate market is higher this year than last, unlike most other parts of Martin County.  Overall the activity for this year was not as good as for 2012.
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:
Jensen Beach Florida Market Report ZIP Code 34957 Residential October 2013 

Search here for Jensen Beach Real Estate for Sale

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

 

Jensen Beach, FL Real Estate

Rental Properties

Residential Properties

Vacant Land Properties

Condominium Properties

Commercial Properties

 

Jensen Beach Florida Market Report ZIP Code 34957 Residential October 2013

Palm City Florida Market Report ZIP Code 34990 Condo October 2013

11.23.13 by

Palm City Florida Market Report ZIP Code 34990 Condo October 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2013

 

For October 2013 in the 34990 Zip Code area of Palm City, Florida :



There are currently 59 active condo listings. (Up by 4 condos from September)
Palm City Florida Market Report ZIP Code 34990 Condo October 2013

6 Condo sales are pending and awaiting close or lender approval. (Decreased by 2 condos from last month)
Palm City Florida Market Report ZIP Code 34990 Condo October 2013

 

4 Condos Sold in October. (Down by 1 condo from September)

Palm City Florida Market Report ZIP Code 34990 Condo October 2013

 

 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.  The October market activity showed the second month in a row of increased inventory, though unfortunately both pending and closed sales were off.

The current absorption rate for condos in the 34990 zip code area is 14.8 months (was 11 months in September), signifying a buyers market.   A balanced market is considered to be an absorption rate of around 6 months.
 
The October 2012 numbers were: 59 active listings, 9 pending sales and 4 closed sales.   Almost identical to 2012 activity with fewer pending sales this year.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

Palm City Florida Market Report ZIP Code 34990 Condo October 2013

 

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


Palm City Florida Real Estate presented by:
Gabe Sanders

 

Palm City Florida Market Report ZIP Code 34990 Condo October 2013

Palm City Florida Market Report ZIP Code 34990 Residential October 2013

11.22.13 by

Palm City Florida Market Report ZIP Code 34990 Residential October 2013

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for October 2013

 

For October 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 416 active listings (An increase of 37 homes from September)

Palm City Florida Market Report ZIP Code 34990 Residential October 2013

144 Residential sales are pending and awaiting close or lender approval. (Decreased by 3 homes from last month) Palm City Florida Market Report ZIP Code 34990 Residential October 2013

 

54 Homes Sold in October (Increased by 6 homes from September)

Palm City Florida Market Report ZIP Code 34990 Residential October 2013

 
After some disappointing sales numbers for September for the Palm City, zip code 34990, area of Martin County Florida, there was a rebound for October..   Also, the second month in a row with sizable gain in inventory. Pending sales were off slightly.  Most interesting is the increase in inventory. 
 
The current absorption rate dropped slightly to to 7.7 months from 7.9 months in September, but is at a much more sustainable rate than the hot sellers market we had in Palm City during the spring and early summer.  A slight buyers market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.  I don’t expect a buyers market to last, as I think sales will be picking up soon in Palm City once again.

The October 2012 numbers were:  420 active listings, 150 pending sales and 49 closed sales.   Very similar activity to last year.

 

 Please use the charts below as reference only as they rely on all residential types of property in the 34990 real estate market:

Palm City Florida Market Report ZIP Code 34990 Residential October 2013 

 

 

Search here for Palm City Florida Real Estate for Sale

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

 

Palm City, FL Real Estate

Rental Properties

Residential Properties

Condominium Properties

Vacant Land Properties

Commercial Properties

 

Palm City Florida Market Report ZIP Code 34990 Residential October 2013

Stuart Florida Market Report ZIP Code 34996 Residential October 2013

11.18.13 by

Stuart Florida Market Report ZIP Code 34996 Residential October 2013

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for October 2013

 

For October, 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 129 active listings (Decreased by 11 homes from September).
Stuart Florida Market Report ZIP Code 34996 Residential October 2013

 

27 Residential sales are pending and awaiting close or lender approval (Increased by 11 homes from September). Stuart Florida Market Report ZIP Code 34996 Residential October 2013

 

13 Homes Sold in October (No change from September).
Stuart Florida Market Report ZIP Code 34996 Residential October 2013

 

 

After a very soft September for the 34996 zip code area of Stuart Florida real estate market, activity for October picked up quite well.  Though a bit surprising as the trend for most of our areas was a little light for October.  Pending sales rebounded from September, while closed sales remained steady.  The inventory, which took a nice jump in September, once again decreased this October. 

The one month absorption rate for the 34996 zip code area of Stuart Florida for October decreased to 9.9 months as compared to September’s 10.8 months.  Still a buyer’s market for the 34996 zip code area of Stuart.  A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for October of 2012 were: 157 active listings, 33 pending sales and 12 closed sales.   Slightly improved market as compared to last year.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:

 Stuart Florida Market Report ZIP Code 34996 Residential October 2013

Search here for Stuart Florida Real Estate for Sale


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

 

Stuart Florida Market Report ZIP Code 34996 Residential October 2013

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

11.13.13 by

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2013

 

There are currently 381 active listings (Increased by 25 homes from September).
Stuart Florida Market Report ZIP Code 34997 Residential October 2013

 

171 Residential sales are pending and awaiting close or lender approval (A decrease of 4 homes from September). 

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

 

62 Homes Sold in October (Down by 8 homes from September)

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

 

The Stuart Florida Market Report ZIP Code 34997 showed some moderation as we approach the slower holiday season.  The inventory rose for the third month in a row, unlike many other areas of Martin County.  Both sales and pending sales decreased for October.
 
The current one month absorption rate rose to 6.15 months making this segment of the Stuart residential market a balanced one (up from last months 5.1 month absorption rate).  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.  
 
The 2012 numbers were: 360 active listings, 189 pending listings and 51 closed sales.   Better activity as compared to last October.  Interestingly with an increase in inventory.
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
Stuart Florida Market Report ZIP Code 34997 Residential October 2013
 
 

Search here for Stuart Florida Real Estate for Sale

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

 

Stuart, FL Real Estate

Rental Properties

Condominium Properties

Vacant Land Properties

Commercial Properties

Residential Properties

 

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

Sewalls Point Residential Market Report October 2013

11.12.13 by

Sewalls Point Residential Market Report October 2013

Sewalls Point Real Estate Snapshot, Residential Sales for October 2013

 

There are currently 47 active listings (a decrease of 2 homes for sale from September)Sewalls Point Residential Market Report October 2013

 

7 Residential sales are pending and awaiting close or lender approval (No change from last month)Sewalls Point Residential Market Report October 2013

 

5 Homes sold in September (Up by 3 homes from September)Sewalls Point Residential Market Report October 2013

 

After a disappointing September, a little increased activity for October for the Sewalls Point residential market activity.  Sales increased to 5 homes (up from only two for September).  Pending sales remained unchanged, and not particularly good.   Inventory decreased by two homes.  The holiday season will soon be here which typically results in less foot traffic, but often some good sales numbers.

The absorption rate dropped to 9.4 months after last months atrocious 24.5 months.  Still a buyer’s market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to October of 2012, the inventory was 47 homes on the market, 17 pending sales and there were 7 closed sales.  Unfortunately, for Sewalls Point, 2013 is well under performing from last years numbers.

Please use the charts below as reference only as they rely on all residential types of property in the Sewalls Point real estate market:Sewalls Point Residential Market Report October 2013

 

Search here for Sewalls Point Florida Real Estate for Sale

Search for Martin County Real Estate

Sewalls Point, FL Real Estate

Rental Properties

Vacant Land Properties

Residential Properties


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

 

 

Sewalls Point Market Report – Residential, October 2013

 

Martin County Florida Residential Market Report for September 2013

11.06.13 by

Martin County Florida Residential Market Report for September 2013

 

Commentary:

The Martin County Florida Residential Market for September 2013 continues to produce better results as compared to recent years.   For September 2013, the inventory rose for the second month in a row signifying that some pent up seller demand is now once again re-entering the market as prices have started to increase.  Though for September both median and average prices slid some, but this was more an indication of lower priced homes dominating sales for the previous month.

The one month absorption rate for September 2013 increased to 5.99 months (from 5.11 months in August), and the three-month average is now 5.4 months.  A 6 month absorption rate is considered to be a balanced market, so we continue to be in a sellers market in Martin County.  Considering the fact that we have entered our slower season, we continue to have better activity as compared to previous years.

Our overall market remains quite healthy as compared to previous years since the ‘bubble’.  The unknowns for the future remain our economy for the nation as a whole.

Please feel free to contact us if you have any difficulty interpreting these charts.Martin County Florida Residential Market Report for September 2013

  Clicking on the chart will produce a larger view.

 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 Florida Residential Market Report for September 2013

 

Martin County Florida Residential Market Report for September 2013

Martin County Florida Residential Market Report for September 2013

 

Data compiled from the Realtor Association of Martin County

Martin County Florida Residential Market Report for September 2013

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 Residential September 2013

10.29.13 by

Hobe Sound Florida Market Report ZIP Code 33455  Residential September 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for September 2013

 For September 2013 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 245 active listings. (Up by 12 homes from August)
Hobe Sound Florida Market Report ZIP Code 33455 Residential September 2013

69 Residential sales are pending and awaiting close  (A decrease of 26 homes from August)
Hobe Sound Florida Market Report ZIP Code 33455 Residential September 2013

 

49 Homes Sold in September (Up by 1 homes from last month)
Hobe Sound Florida Market Report ZIP Code 33455 Residential September 2013

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County remains quite active and is one of the strongest performing areas of our county.  Troubling for this month was the large decrease in pending sales.  Hopefully, this is just a seasonal effect and will not signify slower sales for the near future.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 is at 5 months (4.9 months in August).  Continuing as a sellers market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for September 2012 were:  316 active listings, 69 pending sales and 15 closed sales.   Much stronger results year to year for the Hobe Sound residential real estate market for this September.

 

 Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:Hobe Sound Florida Market Report ZIP Code 33455 Residential September 2013

 

Search here for Hobe Sound Florida Real Estate for Sale

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

 

 

Hobe Sound Florida Market Report ZIP Code 33455 Residential, September 2013

Jensen Beach Florida Market Report ZIP Code 34957 Residential September 2013

10.26.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Residential September 2013

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for September 2013

 For September 2013in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 124 active listings. (An increase of 2 homes from last month)
Jensen Beach Florida Market Report ZIP Code 34957 Residential September 2013

69 Residential sales are pending and awaiting close or lender approval. (Down 2 homes from August)
Jensen Beach Florida Market Report ZIP Code 34957 Residential September 2013

28 Homes Sold (Increased by 3 homes from August)Jensen Beach Florida Market Report ZIP Code 34957 Residential September 2013

September 2013 saw very small changes from August in the Jensen Beach residential real estate market, zip code 34957.  After quite an active winter and spring, the summer months have resulted in slower activity.  Though still an active market from previous years.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 4.4 months (4.8 months in August).  Still a strong sellers’ market.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The September 2012 numbers were: 128 active listings, 78 pending sales and 25 home sales closed.   Very similar results to last September for Jensen beach, FL zip code area 34957.
 
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:
 Jensen Beach Florida Market Report ZIP Code 34957 Residential September 2013

Search here for Jensen Beach Real Estate for Sale

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

 

Jensen Beach, FL Real Estate

Rental Properties

Residential Properties

Vacant Land Properties

Condominium Properties

Commercial Properties

 

Jensen Beach Florida Market Report ZIP Code 34957 Residential September 2013

Palm City Florida Market Report ZIP Code 34990 Condo September 2013

10.25.13 by

Palm City Florida Market Report ZIP Code 34990 Condo September 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for September 2013

 

For September 2013 in the 34990 Zip Code area of Palm City, Florida :



There are currently 55 active condo listings. (Up by 2 condos from August)
Palm City Florida Market Report ZIP Code 34990 Condo September 2013

8 Condo sales are pending and awaiting close or lender approval. (Decreased by 2 condos from last month)
Palm City Florida Market Report ZIP Code 34990 Condo September 2013

 

5 Condos Sold in September. (Up by 5 condos from August)

Palm City Florida Market Report ZIP Code 34990 Condo September 2013

 

 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.  September saw little change in this segment with the exception of 5 sales, after no sales back in August.

The current absorption rate for condos in the 34990 zip code area is 11 months, signifying a buyers market.   A balanced market is considered to be an absorption rate of around 6 months.
 
The September 2012 numbers were: 62 active listings, 6 pending sales and 4 closed sales.   Better numbers for this year than for September of 2012.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

Palm City Florida Market Report ZIP Code 34990 Condo September 2013

 

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


Palm City Florida Real Estate presented by:
Gabe Sanders

 

Palm City Florida Market Report ZIP Code 34990 Condo September 2013