Jensen Beach Florida Market Report ZIP Code 34957 –Condo, November 2011

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for November 2011

For November, 2011 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the October Market Snapshot data was unavailable)

There are currently 59 active listings. (Down 1 from October)

12 Condo sales are pending and awaiting close or lender approval. (Unchanged from October)

2 Condo Sold (A decrease of 7 condos from October)

Last months disappointing results for the Jensen Beach condo market report (ZIP Code 34957) has continued into November.  At least the inventory didn’t increase and there were 2 sales this month as opposed to last months 1.   Last year at this time, 3 sales, 24 pending sales and 65 active listings.  In the residential segment (single family homes) of the market, we’ve seen a marked improvement over the past year.  In the condo market, this hasn’t been the case.

Speculating on the reasons for this could be the current low prices of single family units.  The difficulty of obtaining financing for condos in this lending environment and the nervousness regarding the economy and future being felt by the more senior set that tend to go for the condo type of housing.  Condo sales tend to be more active after the holidays and we will hopefully see an increase in activity following the holiday season.