Stuart Florida Market Report ZIP Code 34996 – Residential, February 2013

03.14.13 by

Stuart Florida Market Report ZIP Code 34996 – Residential, February 2013

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

 

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

There are currently 179 active listings (Decreased by 1 home from January).

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47 Residential sales are pending and awaiting close or lender approval (Increased by 24 from January).

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5 Homes Sold in February (Down 4 homes from January).

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In the 34996 zip code area of Stuart Florida real estate market activity for February 2013 the most glaring change is more than a 50% jump in pending sales.  Sales were off for the month, reflecting the reduced activity from the holiday season.  Inventory remained unchanged and is now getting quite low if all the pending sales close in the next few months.

The one month absorption rate for the 34996 zip code area of Stuart Florida for February jumped to 36 months, which represents a strong buyer’s market.  This figure should be dropping as the pending sales close in the coming months. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for February of 2012 were: 183 active listings, 35 pending sales and 8 closed sales.  Very similar numbers from last year to this year.

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Stuart Florida Market Report ZIP Code 34996 – Residential, February 2013

Sewalls Point Residential Market Report February 2013

03.10.13 by

Sewalls Point Residential Market Report February 2013

Sewalls Point Real Estate Snapshot, Residential Sales for February 2013

 

There are currently 55 active listings (an increase of 6 home for sale from January)

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17 Residential sales are pending and awaiting close or lender approval (an increase of 10 homes from January)

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2 Homes sold in January (Unchanged from January)

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February was the second month in a row of slow sales in the Sewalls Point real estate market in Stuart, FL.  But it appears that this may be the end of this trend as pending sales more than doubled to 17 homes and the inventory came back to approximately normal levels after some historically low numbers.

The absorption rate now stands at 27.5 months.  This is a strong buyers market again.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to February of 2012, the inventory was 66 homes homes on the market, 9 pending sales and there was only 3 closed sales.  Similar sales from last year, but much better pending sales, portending increased sales for the next few months.

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Sewalls Point Market Report – Residential, February 2013

 

Martin County Florida Residential Market Report for January 2013

02.26.13 by

Martin County Florida Residential Market Report for January 2013

 

Commentary:

The Martin County Florida residential market report for January 2013 showed reduced sales activity which is mot unexpected as a result of slower activity from the holiday season.  But, we still showed stronger activity than for the past 3 January periods.  All this with an inventory of available homes now down by close to 50% from 2010.

Average and median sales prices were down for January.  The inventory of available homes finally showed a small increase of 49 homes.  This is positive news as the inventory was getting down to a point where there just wasn’t enough choices for willing buyers.  The one month absorption rate for January moved to 8.4 months, while the three-month average rose to 7.4 months.  A 6 month absorption rate is considered to be a balanced market, so we remain in a slight buyers market in Martin County.

February’s’s showing activity remains strong.  Some fairly positive economic data and strong positive Wall Street news should signal continuing positive real estate activity for the next few months.  Currently, I’m seeing issues with short sales as the banks seem to be reading the national statistics of increasing prices and are currently pricing many of their short sales at initially unacceptable levels.

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

[singlepic id=3342 w=800 h=600 float=center]

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.

[singlepic id=3343 w=800 h=600 float=center]

[singlepic id=3344 w=800 h=600 float=center]

[singlepic id=3345 w=800 h=600 float=center]

 

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 January 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, January 2013

02.24.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, January 2013

 

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

 

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

There are currently 262 active listings. ( A decrease of 31 homes from December)

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96 Residential sales are pending and awaiting close or lender approval (An increase of 12 homes from December)

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28 Homes Sold in January (A decrease of 17 homes from last month)

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After a very strong fall and winter from the Hobe Sound residential real estate market (zip code 33455) of Martin County, January has started off with a bit of a whimper.  Closed sales were off and the inventory was also down.  Pending sales were the only bright spot with an increase of 12 homes under contract.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 9.4 months.  Back to a buyer’s market again.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for January 2012 were:  359 active listings, 78 pending sales and 22 closed sales.   Compared to last year, we have considerably stronger activity in January of 2013 with better numbers, especially considering a much smaller number of available homes (inventory).

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, January 2013

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, January 2013

02.22.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, January 2013

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

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

 

 There are currently 122 active listings. (Up 9 homes from last month)

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66 Residential sales are pending and awaiting close or lender approval. (Up 14 homes from December)

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14 Homes Sold (Down 12 homes from December)

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The Jensen Beach residential real estate market, zip code 34957 for January showed a marked decrease in closed sales.  This is not unusual after strong closed sales for the end of the previous year.  With the new year, there’s another month of some increased inventory along with a sizable increase in pending sales.  This should result in an active spring market for the 34957 zip code area of Martin County.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 8 months. This is a market that favors buyers over sellers.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The January 2012 numbers were: 293 active listings, 96 pending sales and 23 home sales closed. Our current inventory is down to almost half of what it was last year.  Because of that, our market activity is also lower this year.

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, January 2013

Palm City Florida Market Report ZIP Code 34990 – Condo, January 2013

02.21.13 by

Palm City Florida Market Report ZIP Code 34990 – Condo, January 2013

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

 

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



There are currently 69 active condo listings. (An increase of 6 condos from December)

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8 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)

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3 Condos Sold in January. (No change from December)

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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 January, other than a small increase in available condos, there was no change in other market activity.
 
The current absorption rate for condos in the 34990 zip code area is 23 months.  A very strong buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.
 
The January 2012 numbers were: 68 active listings, 6 pending sales and 3 closed sales.   Close to being identical with this year’s activity.

 

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Palm City Florida Market Report ZIP Code 34990 – Condo, January 2013

Palm City Florida Market Report ZIP Code 34990 – Residential, January 2013

02.20.13 by

Palm City Florida Market Report ZIP Code 34990 – Residential, January 2013

 

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

 

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


There are currently 411 active listings (An increase of 13 homes from December)

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176 Residential sales are pending and awaiting close or lender approval. (An increase of 47 homes from last month)

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39 Homes Sold in January (Decreased by 6 homes from December)

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For the Palm City, zip code 34990, area of Martin County Florida, the real estate activity slowed again for the second month in a row.  The notable exception was a sizable jump in pending sales.  Providing that the majority of these sales will close in the next few months, we should have an active spring.  Inventory was also up slightly.  Good news as we need a variety of available homes to be on the market to have an active spring market. 

The current absorption rate stands at 10.5 months.  This rate still signifies a buyer’s market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The January 2012 numbers were:  474 active listings, 161 pending sales and 72 closed sales.  Closed sales were considerably better last year.  Even accounting for the higher inventory.

 

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Palm City Florida Market Report ZIP Code 34990 – Residential, January 2013

Stuart Florida Market Report ZIP Code 34997 – Residential, January 2013

02.18.13 by

Stuart Florida Market Report ZIP Code 34997 – Residential, January 2013

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

 

There are currently 361 active listings (An increase of 25 homes from December).

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190 Residential sales are pending and awaiting close or lender approval (An increase of 26 homes from December).

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54 Homes Sold in January (Down 8 homes from December)

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After a stong finish to the year the Stuart Florida Market Report ZIP Code 34997 started out with some slower closed sales.  However, the number of active listings as ell as the pending sales were both up by a good number.  This should indicate a fairly healthy next few months for this market.
 
The current one month absorption rate dropped to 6.7 months which indicates a slight  buyers advantage for the 34997 Stuart zip code real estate market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.
 
The 2012 numbers were: 530 active listings, 205 pending listings and 45 closed sales.  The most striking number from last year is the difference in inventory of available homes for sale.
 
 

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Stuart Florida Market Report ZIP Code 34997 – Residential, January 2013

Stuart Florida Market Report ZIP Code 34996 – Residential, January 2013

02.16.13 by

Stuart Florida Market Report ZIP Code 34996 – Residential, January 2013

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

 

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

There are currently 180 active listings (Increased by 29 homes from December).

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23 Residential sales are pending and awaiting close or lender approval (No change from December).

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9 Homes Sold in January (Down 2 homes from December).

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In the 34996 zip code area of Stuart Florida real estate market activity for January 2013 the most glaring change is a fairly sizable increase in inventory.   Pending sales remained unchanged and closed sales dropped slightly.  If the inventory continues to increase, I expect a very active real estate market in the 34996 zip code area of Stuart.

The one month absorption rate for the 34996 zip code area of Stuart Florida for January jumped to 20 months, which represents a strong buyer’s market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for January of 2012 were: 190 active listings, 28 pending sales and 6 closed sales.  Very similar numbers from last year to this year.

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Stuart Florida Market Report ZIP Code 34996 – Residential, January 2013

Sewalls Point Residential Market Report January 2013

02.12.13 by

Sewalls Point Residential Market Report January 2013

Sewalls Point Real Estate Snapshot, Residential Sales for January 2013

 

There are currently 49 active listings (an increase of 13 home for sale from December)

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7 Residential sales are pending and awaiting close or lender approval (a decrease of 1 home from December)

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2 Homes sold in December (Down 4 from December)

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Closed sales were off for the Sewalls Point market report for January 2013.  Pending sales were also off slightly.  This is the second month of decreasing market activity for Sewalls Point.  However, inventory rose sharply in January and this will result in much improved numbers for the coming months..  Now only 36 homes available.  This is approaching historic low levels for Sewalls Point.

The absorption rate now stands at 24.5 months, quite a jump from last December’s 6 month absorption rate.  This is a strong buyers market again.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to January of 2012, the inventory was at 59 homes homes on the market last year, 11 pending sales and there was only 3 closed sales.  Considering the inventory is 11 homes less this year, the January 2013 activity is fairly similar if not a small bit stronger than last year.

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Sewalls Point Market Report – Residential, January 2013

Martin County Florida Residential Market Report for December 2012

01.28.13 by

Martin County Florida Residential Market Report for December 2012

 

Commentary:

The Martin County Florida residential market report for December 2012 showed strong activity. In a month that typically is slow by historical standards, 166 homes closed, 6 homes better than 2011 and 18 homes better than 2010.  All this with an inventory of available homes now down by close to 50% from 2010.

Average and median sales prices were down for December.  The inventory of available homes showed an unexpected drop this month after a rise in November.  Considerably under the 1426 homes that were on the market in December of 2011 (and the 2764 homes in December of 2007). The one month absorption rate for December remained steady at 6.9 months, while the three-month average dropped to 7.1 months. A 6 month absorption rate is considered to be a balanced market, so we remain in a slight buyers market in Martin County.

January’s showing activity remains strong.  Some fairly positive economic data and strong positive Wall Street news should signal continuing positive real estate activity for the next few months.  Currently, I’m seeing issues with short sales as the banks seem to be reading the national statistics of increasing prices and are currently pricing many of their short sales at initially unacceptable levels.

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

[singlepic id=3243 w=800 h=600 float=center]

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.

[singlepic id=3244 w=800 h=600 float=center]

[singlepic id=3245 w=800 h=600 float=center]

[singlepic id=3246 w=800 h=600 float=center]

 

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 December 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 about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate

Sewalls Point Residential Market Report December 2012

01.26.13 by

Sewalls Point Residential Market Report December 2012

Sewalls Point Real Estate Snapshot, Residential Sales for December 2012

 

There are currently 36 active listings (a decrease of 5 home for sale from November)

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8 Residential sales are pending and awaiting close or lender approval (a decrease of 2 homes from November)

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6 Homes sold in November (Down 2 from November)

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A bit of a slow down in activity for the Sewalls Point market report for December 2012.  Some of this is due to slower activity during the holiday season and also some due to the decrease in inventory.  Now only 36 homes available.  This is approaching historic low levels for Sewalls Point.

The absorption rate now stands at 6 months.  This is an indication of a balanced market.  Neither seller nor buyer have an advantage in a balanced market. 

Comparing the results to December of 2011, the inventory was at 58 homes homes on the market last year, pending sales numbered only 8  homes, and there was only 5 sales.  Considering the inventory is 22 homes less this year, the December 2012 activity was pretty stron compared to last year.

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Sewalls Point Market Report – Residential, December 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2012

01.24.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for December 2012

 

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

There are currently 293 active listings. ( A decrease of 8 homes from November)

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[singlepic id=3155 w=600 h=600 float=center]

84 Residential sales are pending and awaiting close or lender approval (A decrease of 12 homes from November)

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45 Homes Sold in December (An increase of 16 homes from last month)

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Continued strong results from the Hobe Sound residential real estate market (zip code 33455) of Martin County.  A large jump in closed sales closed out 2012.  A decrease in pending sales which is not unexpected as holiday traffic is generally lighter than most other months.  The inventory also continued it’s decrease which is becoming troubling as the number of available home for sales is quite low.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 6.5 months.  Now an almost balanced market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for December 2011 were:  330 active listings, 58 pending sales and 28 closed sales.   We continue to have considerably improved activity as compared to last year.

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, December 2012

01.21.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, December 2012

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for December 2012

 For December 2012in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 113 active listings. (Up 2 homes from last month)

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52 Residential sales are pending and awaiting close or lender approval. (Down 21 homes from November)

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26 Homes Sold (Up 3 homes from November)

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The Jensen Beach residential real estate market, zip code 34957 for December showed a marked decrease in pending activity.  This is a typical result for the holidays as the traffic is generally lower.  Closed sales were up slightly and the inventory was also up slightly.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 is 4.3 months. This is a market that favors sellers over buyers.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The December 2011 numbers were: 279 active listings, 75 pending sales and 25 home sales closed.  Considering the reduced inventory, the Jensen Beach real estate market activity is doing quite well.
 

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, December 2012

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

01.19.13 by

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

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

 

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



There are currently 63 active condo listings. (An increase of 2 condos from November)

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[singlepic id=3211 w=600 h=600 float=center]

 

8 Condo sales are pending and awaiting close or lender approval. (Down 2 condos from last month)

[singlepic id=3212 w=600 h=600 float=center]

 

3 Condos Sold in December. (Down 2 sales for November)

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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 December, sales were off to 3 closed, from 5 the previous month. Pending sales were also off slightly.  The inventory of available condos for sale has taken another small increase for the second month in a row.
 
The current absorption rate for condos in the 34990 zip code area is 21 months.  A very strong buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.
 
The December 2011 numbers were: 65 active listings, 3 pending sales and 1 closed sales.   Better activity this year as compared to the end of 2011.

 

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

Palm City Florida Market Report ZIP Code 34990 – Residential, December 2012

01.18.13 by

Palm City Florida Market Report ZIP Code 34990 – Residential, December 2012

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2012

 

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


There are currently 398 active listings (A decrease of 6 homes from November)

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[singlepic id=3169 w=600 h=600 float=center]

129 Residential sales are pending and awaiting close or lender approval. (A decrease of 7 homes from last month)

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45 Homes Sold in December (Decreased by 11 homes from November)

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For the Palm City, zip code 34990, area of Martin County Florida, the real estate activity slowed somewhat for the end of the year.  Both pending and closed sales were off slightly.  The inventory continued to decline as well.   I’m expecting the inventory to rise some with the new year as the current numbers are getting quite low.  If prices continue to increase, many underwater owners will be able to sell their homes with a little profit.
 

The current absorption rate stands at 8.8 months.  This rate still signifies a buyer’s market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The December 2011 numbers were:  478 active listings, 114 pending sales and 57 closed sales.  We are seeing the signs of a reduced inventory for the end of 2012 with a decreased number of closed sales.

 

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Palm City Florida Market Report ZIP Code 34990 – Residential, December 2012

Stuart Florida Market Report ZIP Code 34997 – Residential, December 2012

01.15.13 by

Stuart Florida Market Report ZIP Code 34997 – Residential, December 2012

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2012

 

There are currently 336 active listings (a decrease of 23 homes from November).

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164 Residential sales are pending and awaiting close or lender approval (A decrease of 27 homes from November).

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62 Homes Sold in December (Up 18 homes from November)

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The Stuart Florida Market Report ZIP Code 34997 finished 2012 with a strong 62 homes closed.  Pending sales were off which is not unexpected as traffic during the holiday season is typically lighter than normal.  Somewhat troubling though, is the inventory of available homes decreased by 23 homes and is very low.  I’m hoping to see this number rise as we get into the new year.  Should it stay low, we’ll see reduced activity for next year because of a lack of inventory.
 
The current one month absorption rate is at 5.4 months which indicates a slight sellers advantage for the 34997 Stuart zip code real estate market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.
 
The 2011 numbers were: 522 active listings, 176 pending listings and 78 closed sales.  The most striking number from last year is the difference in inventory of available homes for sale.
 
 

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Stuart Florida Market Report ZIP Code 34997 – Residential, December 2012

Stuart Florida Market Report ZIP Code 34996 – Residential, December 2012

01.12.13 by

Stuart Florida Market Report ZIP Code 34996 – Residential, December 2012

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2012

 

For December, 2012 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 151 active listings (Down 6 homes from November).

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23 Residential sales are pending and awaiting close or lender approval (No change from November).

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11 Homes Sold in December (Same as November).

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Other than a small decrease in inventory, there was no change in he 34996 zip code area of Stuart Florida real estate market activity for December 2012.  Pending and Sold activity was unchanged.

The one month absorption rate for the 34996 zip code area of Stuart Florida for December is 13.7 months, which represents a buyer’s market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for December of 2011 were: 179 active listings, 24 pending sales and 10 closed sales.  Other than the inventory, very similar activity this year when compared to last year.

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Stuart Florida Market Report ZIP Code 34996 – Residential, December 2012

Martin County Florida Residential Market Report for November 2012

12.29.12 by

Martin County Florida Residential Market Report for November 2012

 

Commentary:

The Martin County Florida residential market report for November 2012 showed strong activity. In a month that typically is slow by historical standards, 169 homes closed, 34 homes better than 2011 and 57 homes better than 2010.  All this with an inventory of available homes now down by close to 50% from 2010.

Average sales prices took a small dip for November while the median sales prices were higher.  This months inventory showed another increase to 1173 homes (up 24 from October), still down from the 1364 homes that were on the market in November of 2011 (and the 2801 homes in November of 2007). The one month absorption rate for November is 6.9 months, while the three-month average is 7.6 months. A 6 month absorption rate is considered to be a balanced market, so we are once again in a slight buyers market in Martin County.

Showing activity remains strong, though we are currently in the middle of the holiday season which normally is a slower market.

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

Martin County Residential Market Report November 2012

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 Residential Market Report November 2012

 

Martin County Residential Market Report November 2012

Martin County Residential Market Report November 2012

 

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 November 2012

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, November 2012

12.26.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, November 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for November 2012

 

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

There are currently 301 active listings. ( An increase of 1 home from October)

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96 Residential sales are pending and awaiting close or lender approval (An increase of 17 homes from October)

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29 Homes Sold in November (An increase of 3 homes from last month)

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Continued strong results from the Hobe Sound residential real estate market (zip code 33455) of Martin County.  Inventory remained basically unchanged while we had increases in both pending and closed sales.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 10.4 months from last month’s 11.5 months.  While still a buyer’s market, it’s considerably closer to a balanced market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for November 2011 were:  316 active listings, 71 pending sales and 15 closed sales.   We continue to have considerably improved activity as compared to last year.

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, November 2012