Jensen Beach Florida Market Report ZIP Code 34957 – Condo, August 2012
Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for August 2012
For August 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
There are currently 50 active listings. ( A decrease of 4 condos from July)
27 Condo sales are pending and awaiting close or lender approval. (Up 4 condos from July)
4 Condo Sold (Down 1 from July)
The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market. The current inventory is now very low at only 50 condos available for sale. This might be an excellent time for those who have a need to sell their Jensen Beach condo in zip code 34957. Pending sales were up marginally and closed sales fell for August by 1 unit. Considering that this is the summer season where the condo market activity is normally slow, this segment continues with good activity.
The one month absorption rate for the August 2012, Jensen Beach Florida Market Report ZIP Code 34957 stands at a very unimpressive 12.5 months. Still a strong buyers market, but there just isn’t very much quality inventory. I’m expecting this to change when some of the pending sales close.
The August 2011 numbers were: 51 active listings, 15 pending sales and 5 condos closed. Other than the significantly larger number of pending sales, the inventory and closed sales are virtually identical.
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