Martin County Florida Condo Market Report for February 2012

03.27.12 by

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

03.27.12 by

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!

Coming Soon: Custom Willoughby Golf Club Pool Home with Lake Views in Stuart, Florida

03.25.12 by

Coming Soon:  Custom Willoughby Golf Club Pool Home with Lake Views in Stuart, Florida 

4585 SE Waterford Drive in the Willoughby Golf Club, Stuart, Florida

Enjoy living in this custom-built 3 possible 4 bedroom 4 bath home loaded with top of the line upgrades in prestigious Willoughby Golf Club. Arthur Lee designed golf course. The kitchen is equipped with top-of-the-line appliances including dual temperature-controlled wine cooler, a gas cooktop, custom cabinets featuring pull-out corner cabinets, a spice tray, a pantry drawer, granite countertops, and sliding pocket doors that open up the lanai. The patio area of this home overlooks a scenic lake and features a heated pool/spa, a fully equipped summer kitchen with a covered bar, great for entertaining. The family room has a built-in entertainment center with Bose Surround Sound. The living room has a wet bar and gas fireplace. This home also has generator and accordion shutters.

Search the MLS for Willoughby Golf Club Homes for Sale

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

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

Coming Soon:  Custom Willoughby Golf Club Pool Home with Lake Views in Stuart, Florida 

Beautiful Ocean House Condo on Hutchinson Island has been Sold

03.18.12 by

Beautiful Ocean House Condo on Hutchinson Island has been Sold

579 NE Plantation Drive, Suite S-108
Stuart, Florida 34996

Welcome the lucky new owners and congratulate the happy sellers of this Ocean House Condo in Indian River Plantation on Hutchinson Island in Stuart.  Just sold for $340,000.  The Gabe Sanders real estate team represented the sellers.

Enjoy resort-style living at its finest in this immaculately maintained Ocean House condo in Indian River Plantation on Hutchinson Island in Stuart. This fully furnished 2 bedroom, 2 bath unit is located on the first floor, three levels up, with two covered parking decks under the building. Spacious living area with balcony overlooking the ocean and pool areas of Ocean House. There’s a newly renovated clubhouse with a fully equipped kitchen, WIFI, BBQ areas, private beach access, and bicycle and personal storage areas. Very reasonable memberships are available to enjoy all amenities of the Marriott Resort at Indian River Plantation including golf, tennis, boating, beachfront tiki bar, pool with sidebar and fine dining at the Marriott Resort.

Search here for:

Hutchinson Island Condos For Sale

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

Stuart, Florida Real Estate presented for your consideration by:
the Gabe Sanders real estate team

Beautiful Ocean House Condo on Hutchinson Island has been Sold

Stuart Florida Market Report ZIP Code 34996 – Condo, February 2012

03.14.12 by

Stuart Florida Market Report ZIP Code 34996 – Condo, February 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for February 2012

For February 2012 in the 34996 Zip Code area of Stuart, Florida :

There are currently 207 active condo listings (Down 18 from last month).

43 Condo sales are pending and awaiting close or lender approval (An increase of 11 condos from January).

25 Condos Sold in February (An increase of 13 condos from January)

The inventory declined fairly sharply in the Stuart condo market for the area in ZIP code 34996.  Sales activity doubled from January and pending sales increased as well.  Very strong signs for this area of the market.  There was a fairly good mix of both Island units and some of the lesser-priced senior condos on the mainland selling last month.

Compared to the end of last year in February of 2011, the numbers were 263 active listings, 46 pending sales and 26 closed sales. Other than a lower inventory of available condos, the numbers are similar to February 2011.

Search here for Stuart Florida Real Estate for Sale ( Condos)

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

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Florida Market Report ZIP Code 34996 – Condo, February 2012

Just Listed 4 BR Pool Home with Boating Access

03.14.12 by

Just Listed 4 BR Pool Home with Boating Access

5734 SE Horseshoe Point Road
Rocky Point

Spacious Quiet Lot with Deeded Water Access through the Horseshoe Point Pioneer Club

A rare offering in Rocky Point, on a quiet dead-end street just seconds from your very own deeded boat ramp and fishing pier through the Horseshoe Point Pioneer Club (voluntary membership at a very reasonable annual fee).  This open plan boasts four bedrooms, three full bathrooms, and living, dining family rooms with a spacious kitchen and breakfast bar overlooking your gas-heated in-ground pool on a large private backyard with fruit trees and room to play.  There is a covered boat storage on the side of the home that is suitable for multiple boats and comes with an electric gate.  Shed for additional storage.  Recent upgrades included a new roof in 2005, pool resurfaces in 2010, new water heater in 2011. Please call for more information.

Search for all Rocky Point Homes

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:
the Gabe Sanders real estate team

Just Listed 4 BR Pool Home with Boating Access

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

03.10.12 by

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

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

For February 2012 in the 34994 Zip Code area of Stuart, Florida :

There are currently 148 active listings (Down 5 from January).

43 Residential sales are pending and awaiting close or lender approval (Up 5 from January).

7 Homes Sold in February (Up 1 homes from January)

Stuart’s 34994 ZIP code area continues to show a steady improvement across the board.  Inventory decreased, and pending and closed sales were up.   With a dwindling inventory, we are rapidly approaching the point that buyers will either pay a premium if they want this location or look elsewhere.

Last February at this time, there were 99 active listings, 29 pending sales, and 6 closed sales.

With the lower number of homes on the market this year, it will be interesting to see what happens as we continue in the height of the season these months.

Search here for Stuart Florida Real Estate for Sale

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

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

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

Ocean House Condo in Indian River Plantation is Under Contract

03.07.12 by

Ocean House Condo in Indian River Plantation is Under Contract

579 NE Plantation Drive, Suite S-108
Stuart, Florida 34996

Enjoy resort-style living in this immaculately maintained Ocean House condo in Indian River Plantation on Hutchinson Island in Stuart. This fully furnished 2 bedroom, 2 bath unit is located on the first floor, three levels up, with two covered parking decks under the building. Spacious living area with balcony overlooking the ocean and pool areas of Ocean House. There’s a newly renovated clubhouse with a fully equipped kitchen, WIFI, BBQ areas, private beach access, and bicycle and personal storage areas. Very reasonable memberships are available to enjoy all amenities of the Marriott Resort at Indian River Plantation including golf, tennis, boating, beachfront tiki bar, pool with sidebar and fine dining at the Marriott Resort.

Stuart, Florida Real Estate presented for your consideration by:
the Gabe Sanders real estate team

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

Ocean House Condo in Indian River Plantation is Under Contract

Danforth in Palm City Florida

03.06.12 by

Danforth in Palm City Florida

Danforth in Palm City Florida is a wonderful family subdivision with 335 homes of many sizes and shapes with a true neighborhood feel.  Very well located in palm City off SW Martin Highway and within walking distance of both the Palm City Elementary and Hidden Oaks Middle School.  Both of these schools are top-rated in the Martin County school system as well as in the State of Florida.

Many homes are lakefront with beautiful views and a fantastic private feeling. Yet, this community is within a mile of the new Publix and close to restaurants and medical facilities.  Also just a couple of minutes to Florida’s Turnpike for those wishing to either commute or make a short trip to West Palm Beach or other points just North or South.

Currently, the following homes are for sale in Danforth in Palm City Florida

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

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

Danforth in Palm City Florida

Ocean House Condo in Indian River Plantation – Open House

03.03.12 by

Ocean House Condo in Indian River Plantation – Open House

Join us Sunday, March 4, from 1 p.m to 4 p.m. to view this wonderful opportunity on Hutchinson island at the Marriott resort in Indian River Plantation

579 NE Plantation Drive, Suite S-108
Stuart, Florida 34996

Enjoy resort-style living at it’s finest in this immaculately maintained Ocean House condo in Indian River Plantation on Hutchinson Island in Stuart. This fully furnished 2 bedroom, 2 bath unit is located on the first floor which is actually three levels up with two covered parking decks under the building. Spacious living area with balcony overlooking the ocean and pool areas of Ocean House. There’s a newly renovated clubhouse with a fully equipped kitchen, WIFI, BBQ areas, private beach access, and bicycle and personal storage areas. Very reasonable memberships are available to enjoy all amenities of the Marriott Resort at Indian River Plantation including golf, tennis, boating, beachfront tiki bar, pool with sidebar and fine dining at the Marriott Resort.

Search here for:

Hutchinson Island Condos For Sale

Stuart, Florida Real Estate presented for your consideration by:
the Gabe Sanders real estate team

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

Ocean House Condo in Indian River Plantation – Open House

Ocean House at Indian River Plantation in Stuart Florida

03.01.12 by

Ocean House at Indian River Plantation in Stuart Florida

One of the newest buildings in the Indian River Plantation, Ocean House, is also the most magnificent.  Consists of 79 Luxury Condos units of either 2 or 3 spacious bedrooms with amenities galore.  All suites have Ocean views, even the first-floor units, which are in actuality the equivalent of being on the third floor as there are two parking levels for residents to enjoy covered parking.

Ocean House has a newly renovated clubhouse area featuring an updated kitchen with granite countertops and stainless steel appliances.  Two flat-screen televisions and free wi-fi for those that need connectivity.

A heated pool and lanai area that’s perfect for lounging close to the beach, or walking down your private access to enjoy the crystal blue waters of your private Atlantic ocean beach.

Barbecue area with a Tiki Hut for those nights that you want to eat out under the stars.

The Marriott Resort at Indian River Plantation Features:

Indian River Plantation consists of numerous condominium associations and buildings.  All styles from Ocean front to Riverfront and Golf and Tennis villas can be found here.  IRP is associated and co-located with the Marriott Resort and Marina.

Tucked away on Hutchinson Island, the Treasure Coast’s 16-mile lush barrier island is a unique resort that greets guests with the warmth of genuine Southern hospitality.

The Hutchinson Island Marriott Beach Resort and Marina stretches across 200 acres of plantation landscape on Hutchinson Island, bordered on one side by the Atlantic Ocean and by the shimmering Indian River on the other side.

A newly remodeled lobby with sweeping draperies, plantation-style wood furnishings and tropical tones sets the stage for a magical golf getaway. This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio, and Player designs.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. Plantation East, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. The Ocean Club, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

The Hutchinson Island Marriott offers guests and residents two tiki bars and their Signature Restaurant, the Baha Grille. Thirteen Novagrass tennis courts, miles of unspoiled beaches, water sports, deep sea fishing, and a full-service 77-slip marina anchored on the Indian River round out a perfect vacation of sun and fun.

Resort amenities also include three heated pools with sun decks, game rentals from the Activities Hut, two outdoor spas and supervised activities for both children and teens.

Ocean House at Indian River Plantation in Stuart Florida

Hutchinson Island Condos For Sale

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

Stuart, Florida Real Estate presented for your consideration by:
the Gabe Sanders real estate team

East Port Saint Lucie Pool Home Open House

02.29.12 by

East Port Saint Lucie Pool Home Open House

Come join us on Sunday, March 4, from 1 to 4 p.m. for an East Port Saint Lucie Pool Home open house in this gorgeous custom home in a great location!

Custom built 2005, 3 bedroom plus den (or 4’th bedroom – has a closet), 2 bathroom pool home on a private quarter acre lot overlooking a wider than normal canal (non-navigable). Drive up to the circular paver driveway with room for an RV and be prepared to be impressed. Chef’s kitchen with granite countertops, stainless steel Kitchen-Aide and GE Profile appliances. Cherry cabinets, coffered ceilings. A huge master suite! The spacious master bath has a separate Jacuzzi tub and dual vanities. Large living room with formal dining area, family room, and a dining nook overlooking the large lanai with heated pool and jacuzzi. Great location, close to the Green River Parkway or Walton Road to access the beaches or shopping and amenities available on US 1.

Search here for:

Port Saint Lucie Homes for Sale

Port Saint Lucie, Real Estate presented for your consideration by:
the Gabe Sanders real estate team

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

East Port Saint Lucie Pool Home Open House

Martin County Florida Condo Market Report for January 2012

02.26.12 by

Martin County Florida Condo Market Report for January 2012

Commentary:

Much like the residential segment of the Martin County real estate market, the Martin County Florida Condo Market Report for January 2012 retreated for the first month of 2012.  Sales for January were an anemic 37 units, down from January of 2011 (42 units)  and also off from December which had 52 sales.  On a positive note, the median sales price was at it’s highest level in over a year.  Unfortunately, I don’t believe that this represents a rise in prices, but rather the mix of types of units that have sold.  There is still too much inventory in some segments to sustain a continued rise in prices, though we are reaching very near the bottom of the market, if we haven’t already passed it.

The inventory is now down to 664 condos, which is down from 673 last month and from 774 in January of 2011.  A decreased inventory generally will trigger an increase in demand as the supply of existing units just isn’t available increasing the urgency for buyers.

Unfortunately the absorption rate remains troubling on the higher end, with January’s one month value of almost 18 months and the three month moving average is now up to 16.2 months. said another way, it’s averaging well over a year for the average condo to sell in Martin County, Florida.  We need to get 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 January 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 January 2012

02.26.12 by

Martin County Florida Residential Market Report for January 2012

Commentary:

The Martin County Florida residential market report for January 2012 starts the year on a slow note. Sales volume (98 units) was up as compared to last year (85) but considerably down from December (160). The one-month absorption rate shot up to14.5 months while the three-month moving average is at a more respectable 10.7 months.  Activity does appear to be high though and I expect that the January numbers reflect slow closings from the slow holiday season (as closings tend to lag from one to three months after the contracts are agreed upon.

The average sales price was up slightly from last year, while the median price was down.   Prices seem to be holding pretty steady at this time in most segments of the market and quality homes that are priced well are selling quickly.  The inventory remained stable (up only by two homes).

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.

Data compiled from the Realtor Association of Martin County

Residential Market Report for January 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!

Ocean Front Condo on Hutchinson Island – SOLD

02.25.12 by

Ocean Front Condo on Hutchinson Island – SOLD

Suite 508 at the Princess of Jensen Beach has been sold

9650 SE Ocean Drive in Jensen Beach, Florida – Suite 508

Now available in one of the premier oceanfront condos on Hutchinson Island in Jensen Beach, Florida.

Princess of Hutchinson Island – 5th floor, direct/full ocean view. The unit includes an updated kitchen with granite counters, raised white panel kitchen cabinets, double sinks, a pantry, recessed lighting, a breakfast nook, a wet bar with a granite counter, walk-in closet with custom shelving. Amenities include a social room, fitness room, billiards, kitchen sauna, pool, tennis, putting green, and dune walk to the beach.

All Condos Currently Available in the Princess of Hutchinson Island

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

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

Ocean Front Condo on Hutchinson Island – SOLD

Ocean House Condo in Indian River Plantation – Now Available

02.23.12 by

 Ocean House Condo in Indian River Plantation – Now Available

Enjoy resort-style living at its finest in this immaculately maintained Ocean House condo in Indian River Plantation on Hutchinson Island in Stuart.  This fully furnished 2 bedroom, 2 bath unit is located on the first floor, three levels up, with two covered parking decks under the building. Spacious living area with balcony overlooking the ocean and pool areas of Ocean House. There’s a newly renovated clubhouse with a fully equipped kitchen, WIFI, BBQ areas, private beach access, and bicycle and personal storage areas.  Very reasonable memberships are available to enjoy all amenities of the Marriott Resort at Indian River Plantation including golf, tennis, boating, beachfront tiki bar, pool with sidebar, and fine dining at the Marriott Resort.

Search here for:

Hutchinson Island Condos For Sale

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

Stuart, Florida Real Estate presented for your consideration by:
the Gabe Sanders real estate team

Ocean House Condo in Indian River Plantation – Now Available

Palm Cove Golf and Yacht Club Pool Home Now Available

02.20.12 by

Palm Cove Golf and Yacht Club Pool Home Now Available

210 SW Hatteras Court

When only the best will do, a beautiful home in Palm Cove has it all.

Expansive 3400 sq ft floor plan. 3 bedrooms, 3 full baths. Private office. Gorgeous marble floors. Upgraded cabinets, granite countertops, and stainless appliances in the gourmet kitchen. Butlers pantry w/wine refrigerator. Large family room with expansive windows and golf course view.  Luxurious master suite with sitting area, two oversized walk-in closets, and plantation shutters. The Master bath has dual sinks, granite counts, a tub, a shower, and a linen closet. Entertaining is a breeze on the expansive lanai area with a summer kitchen and an expanded heated pool. Screened porch to catch the river breeze. Three-car garage. Community marina, (slips available), riverfront clubhouse, non-equity golf course

Search for All Palm Cove Golf and Yacht Club Homes for Sale
For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Palm City Florida Real Estate
is presented by:

the Gabe Sanders real estate team

Palm Cove Golf and Yacht Club Pool Home Now Available

Stuart Florida Market Report ZIP Code 34996 – Condo, January 2012

02.17.12 by

Stuart Florida Market Report ZIP Code 34996 – Condo, January 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for January 2012

For January 2012 in the 34996 Zip Code area of Stuart, Florida :

There are currently 225 active condo listings (Down 1 from last month).

32 Condo sales are pending and awaiting close or lender approval (An increase of 13 condos from December).

11 Condos Sold in January (A decrease of 1 condos from December)

The inventory remained steady in the Stuart condo market for the area in ZIP code 34996.  Sales were off by one unit, but the pending sales took a large jump as it appears the winter condo shoppers have started buying the excellent values that are currently available.

Compared to the end of last year in January 2011, the numbers were 264 active listings, 41 pending sales and 12 closed sales.  Other than a lower inventory of available condos, the numbers are very similar to the beginning of 2011.

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

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Florida Market Report ZIP Code 34996 – Condo, January 2012

Stuart Florida Market Report ZIP Code 34994 – Condo, January 2012

02.14.12 by

Stuart Florida Market Report ZIP Code 34994 – Condo, January 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for January 2012

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

There are currently 154 active condo listings (Up 1 condos from December).

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

11 Condos Sold in January (Down 2 units from December).

The Stuart condo market for the area in ZIP code 34994 continues to show weakness.  The January results were off slightly from December, which in fact should show increased activity as we head into the season.  Unfortunately, this was not the case.   The inventory continued to increase, pending home sales were also off and sales were down as well. Compared to January of 2011, when there were 173 active listings, 68 pending sales, and 9 closed sales.  The inventory is down from last year, but pending and closed sales remain weak in this segment of the market.  This is increasing pressure for additional price drops unless sales can pick up in the latter part of this season.

In the next few months, the peak season for condos will show what the market can bear for 2012 for the Treasure Coast condo market.

Search here for Stuart Florida Real Estate for Sale ( Condos)

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

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

Stuart Florida Market Report ZIP Code 34994 – Condo, January 2012

Sewalls Point Market Report – Residential, January 2012

02.11.12 by

Sewalls Point Market Report – Residential, January 2012

Sewalls Point Real Estate Snapshot, Residential Sales for January 2012

There are currently 59 active listings (an increase of 1 home for sale from December)

11 Residential sales are pending and awaiting close or lender approval (An increase of 3 from December)

3 Homes sold in December (Down 2 from December)

After a fairly good December of 2011, January was pretty tepid for the Sewalls Point housing market.   We only had three sales in January as opposed to 5 in December, two of these sales were in the middle price ranges for Sewalls Point above $450,000 (sales price).  Inventory remains quite high for Sewalls Point.  On a brighter note, pending sales were up to 11 an increase of 3 from last month.

Comparing the results to January of 2011, the inventory is down from 65 homes, pending sales were 9 last year, and 2 homes sold. Other than a lower inventory, the numbers are almost identical to a year ago.

Search here for Sewalls Point Florida Real Estate for Sale

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

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

Sewalls Point Market Report – Residential, January 2012