Martin County Florida Residential Market Report for January 2013

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Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

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.

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 January 2013

Martin County Residential Market Report January 2013

Martin County Residential Market Report January 2013

 

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

 
 

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Rainmaker
4,432,217
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thanks for sharing the market report. Nice graphs.

Feb 27, 2013 08:27 PM #1
Rainmaker
3,814,512
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Hi Gabe,

I agree with your comments about the pricing of short sales higher due to the recent market news...we don't have many here but from what I read elsewhere they are still plentiful in different regions..the idea is to move them off the market!!!!

Feb 27, 2013 08:32 PM #2
Rainmaker
3,275,012
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Gabe, with your properly priced listings going under contract in such record time, you are on a roll and uneffected by the market around you! Congrats! Enjoy your day!

Feb 27, 2013 08:38 PM #3
Rainmaker
5,381,325
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good information for home buyers and home sellers.  It is still a great time to purchase a home in Florida.

Feb 27, 2013 08:41 PM #4
Ambassador
3,982,999
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent
Gabe, The numbers are up in Martin County and the graphs you present make it very clear. Have a great day.
Feb 27, 2013 08:56 PM #5
Rainmaker
650,335
Bobbie Smith
Stroudsburg, PA
570-242-1891

Awesome graphs Gabe. A one month Absorption rate - WOW. Buyers need to grab the deals while they are hot in this area.

Feb 27, 2013 09:20 PM #6
Ambassador
1,509,132
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

A little more inventory in Martin County gives a few more choices for the Martin County buyers!  We sure need some inventory!

Feb 28, 2013 03:23 AM #7
Rainmaker
1,120,444
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Gabe - Another great real estate market report for the Martin County area!  Good information for both buyers and sellers to be aware of.

Feb 28, 2013 04:02 AM #8
Rainmaker
4,797,311
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thank you for stopping by and commenting on the Martin County real estate market.

Feb 28, 2013 08:27 PM #9
Rainmaker
4,797,311
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for reading, here’s a link for more information about Martin County FL real estate.

Nov 13, 2015 04:29 AM #10
Rainmaker
4,797,311
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Gita, thanks for taking the time to comment it is always appreciated.

Oct 09, 2018 07:23 AM #11
Rainmaker
4,797,311
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Dorie, thanks for taking the time to comment it is always appreciated.

Oct 09, 2018 07:23 AM #12
Rainmaker
4,797,311
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Wayne, thanks for taking the time to comment it is always appreciated.

Oct 09, 2018 07:23 AM #13
Rainmaker
4,797,311
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Roy, thanks for taking the time to comment it is always appreciated.

Oct 09, 2018 07:23 AM #14
Rainmaker
4,797,311
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Debbie, thanks for taking the time to comment it is always appreciated.

Oct 09, 2018 07:23 AM #15
Rainmaker
4,797,311
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Bobbie, thanks for taking the time to comment it is always appreciated.

Oct 09, 2018 07:23 AM #16
Rainmaker
4,797,311
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Renee, thanks for taking the time to comment it is always appreciated.

Oct 09, 2018 07:24 AM #17
Rainmaker
4,797,311
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Laura, thanks for taking the time to comment it is always appreciated.

Oct 09, 2018 07:24 AM #18
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