Palm City Florida Market Report ZIP Code 34990 Residential May 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for May 2013

The May 2012 numbers were:  462 active listings, 203 pending sales and 70 closed sales.  Closed sales remain strong as compared to last year.  Pending sales were weaker, but there is a significantly lower inventory as a cause.

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Residential – Homes and Condos Properties

Residential – Homes and Condos Properties for Sale in Palm City Between $0 – $100,000
Residential – Homes and Condos Properties for Sale in Palm City Between $100,000 – $200,000
Residential – Homes and Condos Properties for Sale in Palm City Between $200,000 – $300,000
Residential – Homes and Condos Properties for Sale in Palm City Between $300,000 – $400,000
Residential – Homes and Condos Properties for Sale in Palm City Between $400,000 – $500,000
Residential – Homes and Condos Properties for Sale in Palm City Between $500,000 – $750,000
Residential – Homes and Condos Properties for Sale in Palm City Between $750,000 – $1,000,000
Residential – Homes and Condos Properties for Sale in Palm City Between $1,000,000 – $1,250,000
Residential – Homes and Condos Properties for Sale in Palm City Between $1,250,000 – $1,500,000
Residential – Homes and Condos Properties for Sale in Palm City Between $1,500,000 – $1,750,000
Residential – Homes and Condos Properties for Sale in Palm City Between $1,750,000 – $2,000,000
Residential – Homes and Condos Properties for Sale in Palm City Between $2,000,000 – $4,900,000

Vacant Land Properties

Vacant Land Properties for Sale in Palm City Between $0 – $100,000
Vacant Land Properties for Sale in Palm City Between $100,000 – $200,000
Vacant Land Properties for Sale in Palm City Between $200,000 – $300,000
Vacant Land Properties for Sale in Palm City Between $300,000 – $400,000
Vacant Land Properties for Sale in Palm City Between $400,000 – $500,000
Vacant Land Properties for Sale in Palm City Between $500,000 – $750,000

Palm City Florida Market Report ZIP Code 34990 Residential May 2013

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For May 2013 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 87 active condo listings (A decrease of 14 condos form April).

 

30 Condo sales are pending and awaiting close or lender approval (Up 1 condo from April).

 

17 Condos Sold in May (A decrease of 17 condos from April).

 

After an exceptionally strong April, the Stuart condo market for the area in ZIP code 34997 eased considerably with only half as many closed sales.  Pending sales remained strong and the inventory took a big drop. 

The one month absorption rate rose to 5.7 months.  This is still a sellers market, but not the strong one of last month.  A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller. 

The May 2012 numbers were: 110 active listings, 29 pending sales and 14 closed sales.  These numbers are fairly similar to May of 2012.  I expect a retreat in the coming months as the summer season is typically slow for the condo market.

 

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2013

 

 

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Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for May 2013

 

There are currently 298 active listings (A decrease of 27 homes from April).

 

190 Residential sales are pending and awaiting close or lender approval (An decrease of 29 home from April).

 

84 Homes Sold in May (Increased by 2 homes from April)

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Residential – Homes and Condos Properties

Residential – Homes and Condos Properties for Sale in Stuart Between $0 – $100,000
Residential – Homes and Condos Properties for Sale in Stuart Between $100,000 – $200,000
Residential – Homes and Condos Properties for Sale in Stuart Between $200,000 – $300,000
Residential – Homes and Condos Properties for Sale in Stuart Between $300,000 – $400,000
Residential – Homes and Condos Properties for Sale in Stuart Between $400,000 – $500,000
Residential – Homes and Condos Properties for Sale in Stuart Between $500,000 – $750,000
Residential – Homes and Condos Properties for Sale in Stuart Between $750,000 – $1,000,000
Residential – Homes and Condos Properties for Sale in Stuart Between $1,000,000 – $1,250,000
Residential – Homes and Condos Properties for Sale in Stuart Between $1,250,000 – $1,500,000
Residential – Homes and Condos Properties for Sale in Stuart Between $1,500,000 – $1,750,000
Residential – Homes and Condos Properties for Sale in Stuart Between $1,750,000 – $2,000,000
Residential – Homes and Condos Properties for Sale in Stuart Between $2,000,000 – $8,400,000

Vacant Land Properties

Vacant Land Properties for Sale in Stuart Between $0 – $100,000
Vacant Land Properties for Sale in Stuart Between $100,000 – $200,000
Vacant Land Properties for Sale in Stuart Between $200,000 – $300,000
Vacant Land Properties for Sale in Stuart Between $300,000 – $400,000
Vacant Land Properties for Sale in Stuart Between $400,000 – $500,000
Vacant Land Properties for Sale in Stuart Between $500,000 – $750,000
Vacant Land Properties for Sale in Stuart Between $750,000 – $1,000,000
Vacant Land Properties for Sale in Stuart Between $1,000,000 – $1,250,000
Vacant Land Properties for Sale in Stuart Between $1,250,000 – $1,500,000
Vacant Land Properties for Sale in Stuart Between $1,500,000 – $1,750,000
Vacant Land Properties for Sale in Stuart Between $1,750,000 – $2,000,000
Vacant Land Properties for Sale in Stuart Between $2,000,000 – $2,875,000

Stuart Florida Market Report ZIP Code 34997 Residential May 2013

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For May 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 195 active condo listings (Up 4 from last month).

 

33 Condo sales are pending and awaiting close or lender approval (A decrease of 11 condos from April).

 

25 Condos Sold in May (Down by 7 from April)

 

After an exceptional March the Stuart Florida Market Report ZIP Code 34996 for Condos eased again in May after a little disappointment in April as well.   Both pending and closed sales were off.  Also, bucking the trend from most of our other areas, inventory rose modestly.  After a very strong early spring it appears that this section of the Martin County condo market has eased a bit.

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Stuart Florida Market Report ZIP Code 34996 Condo May 2013

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Another South Sewalls Point Home Sold

Another South Sewalls Point Home Sold!

Beautifully remodeled pool home on South Sewall’s Point is spacious, light and bright. Lovely granite eat-in kitchen with stainless appliances and custom wood cabinets makes entertaining a breeze. Superb finishes and features include plantation shutters,   French doors, impact doors and windows and a huge media/game room over the garage. Fabulous pool/ patio area is very private, prefect for lounging to enjoy our wonderful Florida weather. This is a great opportunity and you won’t be disappointed viewing this special offering at a great price.

Sewall’s Point is an upscale and unique peninsula town located on the eastern side of Martin County, Florida.  Sewall’s Point is home to many younger families, professionals and some seasonal residents. Surrounded by water on its north, south and west, this unique community is famous for its waterfront homes and is often called a boaters’ paradise.  Sewall’s Point waterfront real estate offers wide water views of the Saint Lucie River on the west side and the Indian River (the Intracoastal Waterway) on the east side. Beautiful tree-lined streets feature estate homes, many of which are wide waterfront estates with quick access to the Atlantic Ocean.  With a population of just over 2,000 residents, Sewall’s Point boasts a high quality of life with small-town character, while offering the amenities of a much larger town, with its own City Hall and Police Force.

Sewall’s Point is very well situated only minutes from the beaches of South Hutchinson Island and also close to shopping malls, restaurants, big-name chains, three nearby medical centers and more.  Travel only a few minutes by boat to Manatee Pocket a harbor with marinas, waterfront restaurants, and tackle stores.  Shop or just browse at the Shoppes of Harbour Bay Plaza featuring specialty shops.

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Another South Sewalls Point Home Sold

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Stuart Florida Market Report ZIP Code 34996 Residential May 2013

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for May 2013

 

For May, 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 161 active listings (Decreased by 11 home from April).

 

55 Residential sales are pending and awaiting close or lender approval (Decreased by 2 from April).

 

19 Homes Sold in May (Increased by 1 homes from April).

 

In the 34996 zip code area of Stuart Florida real estate market activity for May 2013 closed sales increased by 1 home while pending sales were off by 2.  Sales activity remains strong and we are seeing multiple offers on some well priced desirable properties.  The inventory dropped to only 161 homes available for sale.

The one month absorption rate for the 34996 zip code area of Stuart Florida for May dipped to 8.5 months, which is still a buyer’s market, though only slightly.  This figure should be dropping as the pending sales close in the coming months. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for May of 2012 were: 173 active listings, 33 pending sales and 34 closed sales.  Unlike other segments of the Martin County real estate market, the 34996 zip code is showing a decreased sales volume from last year, though this year’s pending sales are higher.

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Stuart Florida Market Report ZIP Code 34996 Residential May 2013

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Cedar Pointe Condo Sold Great Price and Location

2929 SE Ocean Blvd. Suite 106-3 sold at an amazing price of only $27,500.  Very happy new owners and a pleased family of ex-owners.

Cedar Pointe Condo Sold Great Price and Location.  Cedar Pointe is an active adult community of 62, 2 story buildings divided into 8 villages with numerous clubhouses and pools as well as recreational areas.  One of the prime locations in the city of Stuart only minutes away from the pristine beaches of the Atlantic Ocean and close to shopping, restaurants and medical facilities.

It is currently a very attractive time to consider buying a Cedar Pointe Condo as prices have returned to pre 2003 levels and with low interest rates, these Sunshine State condos are ready for those wishing to move here full time or looking for an affordable winter home.

A spacious first floor one bedroom 1 and 1/2 bath condo for senior adults.  Generous open plan with lots of storage and 2 walk in closets.  Very conveniently located within walking distance of the Saint Lucie River, restaurants, shopping and medical facilities.  Only a short drive or bike ride to the crystal clear waters of the Atlantic and charming downtown Stuart.  This active community feature numerous pools with one being just steps from this unit. Shuffleboard and other activities are available at the clubhouse.  This unit comes completely furnished, equipped and is ready for immediate occupancy for those who want an affordable Florida home or just a winter getaway. 

View additional pictures of this Affordable Stuart Condo in Cedar Pointe.

More pictures and information about this affordable Stuart Condo in Cedar Pointe

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Cedar Pointe Condo Sold Great Price and Location

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For May, 2013 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 113 active condo listings (Decreased by 5 condos from April).

 

42 Condo sales are pending and awaiting close or lender approval. (Down by 1 condo from last month)

 

30 Condos Sold in May (Increased by 2 condos from April).

 

Good activity for the Stuart Condo market for zip code 34994.   Pending sales increased by 1 condo in May while closed sales also increased.   The inventory continues its decline.  This low inventory will be responsible for a decreasing market numbers in the coming months.

The one month absorption rate dropped to 3.8 months, which is a significant seller’s market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last May the numbers were 150 active listings, 37 pending sales, and 23 closed sales.  Much better sales activity this year especially when the number of condos available for sale this year are so much less.

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Stuart Florida Market Report ZIP Code 34994 – Condo, May 2013

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Stuart Florida Market Report ZIP Code 34994 Residential May 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for May 2013

For May, 2013 in the 34994 Zip Code area of Stuart, Florida :

There are currently 56 active listings (Down 9 from April).

42 Residential sales are pending and awaiting close or lender approval (Up 8 homes from April).

9 Homes Sold in April (Unchanged from April)

The 34994 ZIP code area of the Stuart, Florida real estate market continued with 9 closed sales, the same as April.  At the same time, pending activity increased significantly to 42 homes while inventory decreased again, now down to only 56 homes.  We should continue to have strong closed sales in the coming months, but if inventory doesn’t increase, we will be looking at a challenging market as there just aren’t enough homes available for sale.

The one month absorption rate for the 34994 zip code for May dropped to 6.2 months. which signifies a balanced market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The May 2012 numbers were 74 Active Listings, 42 pending sales and 6 closed sales.  Considering the lower inventory this year as compared to last, market activity is quite strong for the 34994 zip code area of Stuart for residential home market.

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