Jensen Beach FL Market Report ZIP Code 34957 – Condo, January 2013
Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for January 2013
For January 2013 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
There are currently 66 active listings. ( An increase of 1 condo from December)
27 Condo sales are pending and awaiting close or lender approval. (Up 10 condos from December)
5 Condos Sold (No change from December)
The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market. Inventory was up once again (though only by 1 unit) for the third month in a row. Closed sales remained unchanged, while there was a nice increase in pending sales. If this continues through the spring, we should have an active condo market in the Jensen Beach area of Martin County.
The one month absorption rate for the January 2013, Jensen Beach Florida Market Report ZIP Code 34957 is 13 months. A strong buyer’s market. Typically, a 6 month absorption rate is considered balanced, favoring neither the buyer or seller.
The January 2012 numbers were: 70 active listings, 16 pending sales and 7 condos closed. Last year’s activity is very similar to January 2013, with the exception of a considerably higher number of pending sales.
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