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Gabe Sanders, Stuart Florida Real Estate

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

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

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

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

There are currently 78 active listings (Down 5 from January).

1-active February 2012 Stuart Real Estate Residential Market Report - Snapshot for ZIP Code 34994 2-status February 2012 Stuart Real Estate Residential Market Report - Snapshot for ZIP Code 34994

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

3-pending February 2012 Stuart Real Estate Residential Market Report - Snapshot for ZIP Code 34994

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

4-sold February 2012 Stuart Real Estate Residential Market Report - Snapshot for ZIP Code 34994 5-list-to-sales-chart February 2012 Stuart Real Estate Residential Market Report - Snapshot for ZIP Code 34994 6-high-low February 2012 Stuart Real Estate Residential Market Report - Snapshot for ZIP Code 34994 7-DOM Breakdown February 2012 Stuart Real Estate Residential Market Report - Snapshot for ZIP Code 34994

The 34994 ZIP code area of Stuart continues to show a steady improvement across the board. Inventory decreased, pending and closed sales were up. We are rapidly approaching the point that with a dwindling inventory, 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.

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Real Estate presented by:
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ZIP Code 34994 – , February 2012

Sewalls Point Market Report – Residential, February 2012

Sewalls Point Market ReportResidential, February 2012

Sewalls Point Real Estate , Sales for February 2012

There are currently 66 active listings (an increase of 7 home for sale from January)

1-active February 2012 Sewalls Point Real Estate Residential Market Report - Snapshot 2-status February 2012 Sewalls Point Real Estate Residential Market Report - Snapshot

9 sales are pending and awaiting close or lender approval (An decrease of 2 from January)

3-pending February 2012 Sewalls Point Real Estate Residential Market Report - Snapshot

3 Homes sold in January (Unchanged from January)

4-sold February 2012 Sewalls Point Real Estate Residential Market Report - Snapshot 5-list-to-sales-chart February 2012 Sewalls Point Real Estate Residential Market Report - Snapshot 6-high-low February 2012 Sewalls Point Real Estate Residential Market Report - Snapshot 7-list-to-sales-ratio February 2012 Sewalls Point Real Estate Residential Market Report - Snapshot

Continuing slow results for the Sewalls Point . Inventory has gone up to 66 homes while sales remained slow at 3 closed homes and pending sales were also off from the past couple of months. This compared to other parts of which had some fairly strong results. The Sewalls Point price point remains high for many of today’s buyers and this is possibly what is causing the slow activity at present.

Comparing the results to February of 2011, the inventory is down from 69 homes, pending sales were 12 last year and no homes sold. So while it wasn’t a particularly good month this year, still some what better than last year.

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Sewalls Point presented by:
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Sewalls Point , February 2012

Martin County Florida Condo Market Reportfor January 2012

Martin County Florida Condo Market Report for January 2012

Commentary:

Much like the residential segment of the market, the 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 to sell in , . 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 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 Condominium Market Report January 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 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 Condominium Market Report January 2012

Martin County Condominium Market Report January 2012

Martin County Condominium Market Report January 2012

Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Martin County for January 2012

the Gabe Sanders real estate team

Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

For more information about ’s Treasure Coast , visit us at:

Stuart Florida Real Estate or Treasure Coast FL Homes

Related entries:

  1. Condominium Market Report for January 2011 in Martin County, Florida (31.6)
  2. Residential Market Report for January 2011 in Martin County, Florida (29.8)
  3. Condominium Market Report for February 2011 in Martin County, Florida (27.8)
  4. Martin County Florida Condo Market Report for December 2011 (27.4)
  5. Martin County Florida Condo Market Report for July 2011 (26.8)

Martin County Florida Residential Market Report for January 2012

Martin County Florida Residential Market Report for January 2012

Commentary:

The for January 2012 starts the year on a slow note. Sales volume (98 units) was up as compared 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.

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 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.

Martin County Residential Market Report January 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 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 January 2012

Martin County Residential Market Report January 2012

Martin County Residential Market Report January 2012

Data compiled from the Realtor Association of

See the full set of charts at Treasure Coast FL Homes

for January 2012 in ,

the Gabe Sanders real estate team

Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

For more information about ’s Treasure Coast , visit us at:

Stuart Florida Real Estate or Treasure Coast FL Homes

Related entries:

  1. Residential Market Report for May 2011 in Martin County, Florida
  2. Residential Market Report for January 2011 in Martin County, Florida
  3. Residential Market Report for March 2011 in Martin County, Florida
  4. Residential Market Report for April 2011 in Martin County, Florida
  5. Residential Market Report for February 2011 in Martin County, Florida

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, January 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, January 2012

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for January 2012

For January 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the December Market data was unavailable)

There are currently 70 active listings. (Up 5 from December)

1-active January 2012 Jensen Beach Real Estate Condo Market Report - Snapshot for ZIP 2-status January 2012 Jensen Beach Real Estate Condo Market Report - Snapshot for ZIP

16 sales are pending and awaiting close or lender approval. (Up 5 condos from December)

3-pending January 2012 Jensen Beach Real Estate Condo Market Report - Snapshot for ZIP

7 Sold (An increase of 1 from December)

4-sold January 2012 Jensen Beach Real Estate Condo Market Report - Snapshot for ZIP 5-list-to-sales-price-chart January 2012 Jensen Beach Real Estate Condo Market Report - Snapshot for ZIP 6-high-low January 2012 Jensen Beach Real Estate Condo Market Report - Snapshot for ZIP 7-list-to-sales-ratio January 2012 Jensen Beach Real Estate Condo Market Report - Snapshot for ZIP


This is the second month of improved results for the Jensen Beach Florida Market (ZIP Code 34957). The inventory ticked up a little in January, but this isn’t necessarily bad news the amount of available product is fairly low. Pending sales were up as well as a small increase in closed sales. Last January there were 61 active listings, 20 pending sales and 5 closed sales. Basically unchanged over the year.


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Jensen Beach Florida ZIP Code 34957 – Condo, January 2012

Related entries:

  1. Jensen Beach Florida Market Report ZIP Code 34957 – Condo, December 2011
  2. Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34957, Condo Sales for January 2011
  3. Jensen Beach Florida Market Report ZIP Code 34957 – Condo, September 2011
  4. Market Report: Jensen Beach, Florida Real Estate Condo Snapshot for Zip Code 34957
  5. Jensen Beach Florida Market Report ZIP Code 34957 – Condo, October 2011