Jensen Beach FL 34957 Residential Market Report February 2017

Jensen Beach FL 34957 Residential Market Report February 2017

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for February 2017

 For February 2017 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 190 active listings. (Down by 8 homes from last month)

Jensen Beach FL 34957 Residential Market Report February 2017

96 Residential sales are pending and awaiting close or lender approval. (Increased by 24 homes from January)

Jensen Beach FL 34957 Residential Market Report February 2017

27 Homes Sold (Down by 7 homes sale from January)

Jensen Beach FL 34957 Residential Market Report February 2017

The Jensen Beach FL 34957 Residential Market showed some very strong gains in pending sales.  Unfortunately, a decrease in closed sales, but I expect this segment of the Stuart real estate market to be active in the next few months.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 rose to 7 months ( was 5.8 months in January).  Shifting into a balanced market for the Jensen Beach residential real estate segment but getting very close to a balanced market.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The February 2016 numbers were: 128 active listings, 66 pending sales and 20 home sales closed.  Considerably greater inventory this year and an accompanying greater volume of closed and pending sales.
Jensen Beach FL 34957 Residential Market Report February 2017

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Jensen Beach FL 34957 Residential Market Report February 2017

Palm City FL 34990 Condo Market Report February 2017

Palm City FL 34990 Condo Market Report February 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for February 2017

 

For February 2017 in the 34990 Zip Code area of Palm City, Florida :



There are currently 92 active condo listings. (Increased by 1 condos from January)

   Palm City FL 34990 Condo Market Report February 2017

11 Condo sales are pending and awaiting close or lender approval. (Up by 3 condos from last month)

Palm City FL 34990 Condo Market Report February 2017

6 Condos Sold in February. (Up by 1 condos from January)

Palm City FL 34990 Condo Market Report February 2017

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Activity was very similar to last month with small gains in pending and closed sales.

The current absorption rate for condos in the 34990 zip code area decreased to 15.3 months (was 18.5 months in February). Still a buyers’ market for Palm City condominiums but trending in the right direction.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The February 2016 numbers were: 65 active listings, 15 pending sales and 6 closed sales.   Similar activity this year but with a much larger inventory.
Palm City FL 34990 Condo Market Report February 2017

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Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report February 2017

Palm City FL 34990 Residential Market Report February 2017

Palm City FL 34990 Residential Market Report February 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for February 2017

 

For February 2017 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 445 active listings (Increased by 24 homes from January)

Palm City FL 34990 Residential Market Report February 2017

135 Residential sales are pending and awaiting close or lender approval. (Up by 10 homes from last month)

Palm City FL 34990 Residential Market Report February 2017

56 Homes Sold in January (Up by 4 homes from January)

Palm City FL 34990 Residential Market Report February 2017

The Palm City FL, zip code 34990 residential real estate market continues to have more homes on the market and it appears that both pending and closed sales are also increasing.
The monthly absorption rate decreased to 7.9 months from 8.1 months in January.  Still in a buyers’ market for the Palm City zip code 34990 area for residential sales, but with the strong number of pending sales, I expect a balanced market in the next month or so.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The February 2016 numbers were:  415 active listings, 152 pending sales and 56 closed sales.  Similar activity as compared to last year but with greater inventory this year.

Palm City FL 34990 Residential Market Report February 2017

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Palm City FL 34990 Residential Market Report February 2017

Stuart FL 34997 Condo Market Report February 2017

Stuart FL 34997 Condo Market Report February 2017

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2017

 

For February 2017 in the 34997 Zip Code area of Stuart, Florida :

There are currently 75 active condo listings (Decreased by 5 condos from January).

Stuart FL 34997 Condo Market Report February 2017

32 Condo sales are pending and awaiting close or lender approval (Down by 2 condos from January).

Stuart FL 34997 Condo Market Report February 2017

22 Condos Sold in February (Increased by 7 condos from January).

Stuart FL 34997 Condo Market Report February 2017

     The Stuart FL condo market for zip code 34997 continued with even a more active month for the February 2017 time period.
     The absorption rate plunged to 3.4 months in February from 5.3 months for January.  Going into even a stronger sellers’ market for the 34997 zip code of Stuart FL. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The February 2016 numbers were: 78 active listings, 38 pending sales and 9 closed sales.  Considerably stronger activity for this year as compared to 2016.

Stuart FL 34997 Condo Market Report February 2017

Stuart Florida Real Estate presented by:
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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2017

 

 

Stuart FL 34997 Residential Market Report February 2017

Stuart FL 34997 Residential Market Report February 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for February 2017

 

There are currently 343 active listings (Decreased by 11 homes from January).

Stuart FL 34997 Residential Market Report February 2017

182 Residential sales are pending and awaiting close or lender approval (Up by 13 homes from January).

Stuart FL 34997 Residential Market Report February 2017

74 Homes Sold in February (Increased by 13 homes from January)

Stuart FL 34997 Residential Market Report February 2017

      The Stuart Florida Residential Market for ZIP Code 34997 showed a very strong second month of 2017 with increases in both pending and closed sales.
     The absorption rate decreased to 4.6 months (was 5.8 months for January).  Once again back in a sellers’ one for the 34997 zip code area of Stuart.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2016 numbers for February, were: 321 active listings, 175 pending listings and 58 closed sales.  Better volume of both closed and pending sales when compared to last February.
Stuart FL 34997 Residential Market Report February 2017

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Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Stuart FL 34997 Residential Market Report February 2017