Palm City FL 34990 Residential Market Report January 2018

Palm City FL 34990 Residential Market Report January 2018

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for January 2018

For January 2018 in the 34990 Zip Code area of Palm City Florida :

 There are currently 416 active listings (Increased by 35 homes from December)

Palm City FL 34990 Residential Market Report January 2018

113 Residential sales are pending and awaiting close or lender approval. (Up by 17 homes from last month)

Palm City FL 34990 Residential Market Report January 2018

48 Homes Sold in December (Down by 18 home from December)

Palm City FL 34990 Residential Market Report January 2018

The Palm City FL, zip code 34990 residential real estate market showed a large drop in closed sales to start the year.  But both inventory, as well as pending sales, rose which should result in more sales in the coming months.
The monthly absorption rate jumped up to 8.7 months from 5.8 months in December.  Into a buyer’s market for the Palm City zip code 34990 area for residential sales for the first time in a while.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The January 2017 numbers were:  421 active listings, 125 pending sales, and 52 closed sales.  Slightly better activity last year, but not by much.

Palm City FL 34990 Residential Market Report January 2018

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Palm City FL 34990 Residential Market Report January 2018

Stuart FL 34997 Condo Market Report January 2018

Stuart FL 34997 Condo Market Report January 2018

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2018

For January 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 56 active condo listings (Down by 1 condo from December).

Stuart FL 34997 Condo Market Report January 2018

35 Condo sales are pending and awaiting close or lender approval (Up by 18 condos from December).

Stuart FL 34997 Condo Market Report January 2018

8 Condos Sold in January (Decreased by 11 condos from December).

Stuart FL 34997 Condo Market Report January 2018

      The Stuart FL condo market for zip code 34997 Had a significant reduction of closed sales along with a very strong number of new pending sales indicating much better closed volume for the near future.

     The absorption rate jumped up to 7.0 months in January compared to 3.0 months for December.  Just about to become a buyer’s 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 January 2017 numbers were: 80 active listings, 34 pending sales, and 15 closed sales.  Weaker closed sales (on reduced inventory but much stronger pending sales.

Stuart FL 34997 Condo Market Report January 2018

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Stuart FL 34997 Condo Market Report January 2018

 

 

Stuart FL 34997 Residential Market Report January 2018

Stuart FL 34997 Residential Market Report January 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for January 2018

For January 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 292 active listings (Increased by 12 homes from December).

Stuart FL 34997 Residential Market Report January 2018

144 Residential sales are pending and awaiting close or lender approval (Increased by 13 homes from December).

Stuart FL 34997 Residential Market Report January 2018

58 Homes Sold in January (Decreased by 23 homes from December)

Stuart FL 34997 Residential Market Report January 2018

      The Stuart Florida Residential Market for ZIP Code 34997 had a fairly large drop in closed sales but this is still one of the most active markets in Martin County residential real estate.
     The absorption rate jumped up to 5.0 months (was 3.4 months for December).  Still in a seller’s market for the 34997 zip code area of Stuart for January 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2017 numbers for January, were: 354 active listings, 169 pending listings, and 61 closed sales.  Somewhat stronger volume last year but this was with a considerably larger inventory of homes for sale.
Stuart FL 34997 Residential Market Report January 2018

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Stuart FL 34997 Residential Market Report January 2018

 

Stuart FL 34996 Condo Market Report January 2018

Stuart FL 34996 Condo Market Report January 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for January 2018

For January 2018 in the 34996 Zip Code area of Stuart, Florida :

There are currently 140 active condo listings (Up by 6 condos from last month).

Stuart FL 34996 Condo Market Report January 2018

52 Condo sales are pending and awaiting close or lender approval (Increased by 17 condos from December).

Stuart FL 34996 Condo Market Report January 2018

17 Condos Sold in January (Down by 3 condos from December) 

Stuart FL 34996 Condo Market Report January 2018

The Stuart FL 34996 Condo Market of Stuart had a weaker month of closed sales but also a nice jump in pending sales which should translate to better closed numbers in the coming months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 jumped up to 8.2 months from December’s 6.7 months.  Back into a buyer’s market for this segment of Martin County condos.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for January 2017 were: 170 active listings, 31 pending sales and 22 closed sales.  Lower sales volume this year along with reduced inventory but considerable greater number of pending sales.

Stuart FL 34996 Condo Market Report January 2018

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Stuart FL 34996 Condo Market Report January 2018

Highlands Reserve February 2018 Market Update

Highlands Reserve February 2018 Market Update

There are currently 4 homes actively listed in Highlands Reserve for August of 2017 in Palm City, Florida.  Prices range from $464,900 up to $679,000.  The average list price is $542,219 which equals $148.83 per square foot of living area.

There are 6 homes under contract awaiting closing.  These homes were listed from a low of $398,500 up to $1,399,000 for an average list price of $701,082 or $217.45 per sq. ft. of living area.  These homes went under contract in an average of 107 days after they were listed.

In the past 12 months, 24 homes have sold in Highlands Reserve with an average sales price of $459,270 which works out to $146.68 per square foot of living area.  These sales prices ranged from $330,000 up to $800,000 withthe homes averaging 110 days on market prior to going under contract and selling at 97% of listed price.

About Highlands Reserve in Palm City FL:

Highlands Reserve real estate in Palm City FL

 Highlands Reserve is one of the newest upscale communities in this section of Martin County. Enter the magnificent gates and surround yourself with the well appointed amenities of the clubhouse and natural beauty of this community. Included are paths into winding nature trails will offer dramatic views of surrounding natural preserves and serene lakes.

Highlands Reserve real estate in Palm City FL Highlands Reserve real estate in Palm City FL

Located only seconds from I-95 and within minutes of shopping, beaches and the laid back easy lifestyle of Martin County. Perfect for the family with an ‘A’ rated school system. Only 30 minutes to West Palm Beach and 2 hours to Orlando.

Highlands Reserve real estate in Palm City FL Highlands Reserve real estate in Palm City FL

Low HOA fees of $315.00 per month include landscaping and irrigation as well as the security gate, use of the full service clubhouse with large pool and state of the art fitness center.  Lounge and kitchen for private parties and occasions.

Highlands Reserve real estate in Palm City FL

Highlands Reserve is a D. R. Horton community and new construction homes are still available.  There are usually some excellent offers available through Realtors.  Call us today for our new construction special rebate program.

Highlands Reserve real estate in Palm City FL

Give us a call for the full line of exceptional new homes available in Highland Reserve in Palm City, FL.

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Highlands Reserve February 2018 Market Update