Hobe Sound FL 33455 Condo Market Report April 2017

Hobe Sound FL 33455 Condo Market Report April 2017

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for April 2017

 

For April 2017 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 15 active condo listings. (Decreased by 1 condos from March)

Hobe Sound FL 33455 Condo Market Report April 2017

6 Condos are pending and awaiting close. (Up by 2 pending condos from March)

Hobe Sound FL 33455 Condo Market Report April 2017

4 Condos sold in April. (Unchanged from March)

 Hobe Sound FL 33455 Condo Market Report April 2017

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Sales and pending sales are doing well and the inventory is returning to more normal levels from last year’s extremely low numbers.

The absorption rate for Hobe Sound condos decreased to 3.8 months for April (was 4.0 in March).  A sellers’ market for Hobe Sound condos. Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that do not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The April 2016 numbers were: 5 active listings, 6 pending sales and 4 closed sales.  Activity seems to be improving here but it’s very difficult to make meaningful comparisons with such low numbers of sales and inventory, though this segment appears to be returning to more normal volume.

Hobe Sound FL 33455 Condo Market Report April 2017

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report April 2017

Conquistador Market Report May 2017

Conquistador Market Report May 2017

Homes:  There is one home currently on the market in Conquistador Estates.  This home is listed for $257,900 or $179.85 per sq. ft. of living area.

There is also one home currently under contract.  This home had a list price of $315,000 or $162.12 per sq. ft. of living area and it was on the market for 24 days before going under contract.

In the past 12 months, there have been no sales in Conquistador Estates.

Condos:  There are currently 6 condos for sale in Conquistador.  Listing prices range from $120,000 to $189,000.  The average list price is $148,333 which equals $129.93 per sq. ft. of living area.

5 Condos are under contract awaiting settlement.  List prices were from $114,900 and $229,000 for an average of $153,560 which works out to 134.67 per sq. ft. of living area.  These condos were on the market for an average of 230 days prior to going under contract.

In the past 12 months, 22 condos have sold in Conquistador.  Sales prices ranged from $92,000 to $155,000 .  The average sales price was $122,205 which equals a per sq. ft. value of $111.15 and these sales averaged a 94% list to sales ratio as well as going under contract in an average of 120 days.

Aerial of Conquistador in Stuart FL

Conquistador homes and condos are in the the prime senior location in Stuart Florida.  The Conquistador community is located on the shores of the wide Saint Lucie River and only minutes from the beaches of the Atlantic Ocean as well as being right next door to the Martin County Municipal Golf Course with easy access to shopping, restaurants, medical facilities.

 Conquistador Homes and Condos

Conquistador is a mix of single family homes (the estates section) and 3 story condominiums.  The condominiums have access to their own pool areas as well as barbecue areas or the main club house pool.

Conquistador Homes and Condos

This is a very active senior community with an active clubhouse with fitness room, main ballroom, reading library and activities throughout the year.  Conquistador is not just a seasonal residence as many owners enjoy the benefits of year round living in fabulous Martin County with all the amenities that this jewel of the Treasure Coast has to offer.

 

Conquistador Homes and Condos

Search for available Homes in Conquistador

Search for available Condos in Conquistador

 

 For any questions you may have about Conquistador Homes and Condos in Stuart, Florida, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Stuart Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Conquistador Market Report May 2017

Palm City FL 34990 Condo Market Report April 2017

Palm City FL 34990 Condo Market Report April 2017

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

 

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



There are currently 86 active condo listings. (Decreased by 9 condos from March)

   Palm City FL 34990 Condo Market Report April 2017

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

Palm City FL 34990 Condo Market Report April 2017

8 Condos Sold in April. (Up by 4 condos from March)

Palm City FL 34990 Condo Market Report April 2017

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For April of 2017 closed sales increased and pending sales remained close to last month while the inventory decreased.

The current absorption rate for condos in the 34990 zip code area dropped to 10.8 months (was 23.8 months in April). Still a buyers’ market for Palm City condominiums, but trending towards a more balanced market.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The April 2016 numbers were: 65 active listings, 12 pending sales and 8 closed sales.   Very similar closed activity and less pending activity this year but with a larger inventory.
Palm City FL 34990 Condo Market Report April 2017

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report April 2017

Stuart FL 34997 Condo Market Report April 2017

Stuart FL 34997 Condo Market Report April 2017

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

 

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

There are currently 70 active condo listings (Decreased by 5 condos from March).

Stuart FL 34997 Condo Market Report April 2017

44 Condo sales are pending and awaiting close or lender approval (Unchanged from March).

Stuart FL 34997 Condo Market Report April 2017

5 Condos Sold in April (Decreased by 13 condos from March).

Stuart FL 34997 Condo Market Report April 2017

     The Stuart FL condo market for zip code 34997 showed a large (and unexpectd0 decrease in closed sales for the month.  Pending sales remain strong, so this may just be a one month anomaly.
     The absorption rate jumped to 14 months in April from 4.2 months for March.  A big shift into a buyers’ 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 April 2016 numbers were: 71 active listings, 39 pending sales and 16 closed sales.  A very unexpected decrease in closed sales when compared to last year.

Stuart FL 34997 Condo Market Report April 2017

Stuart Florida Real Estate presented by:
Gabe Sanders

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

 

 

Stuart FL 34996 Condo Market Report April 2017

Stuart FL 34996 Condo Market Report April 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for April 2017

For April 2017 in the 34996 Zip Code area of Stuart, Florida :

There are currently 148 active condo listings (Unchanged from last month).

Stuart FL 34996 Condo Market Report April 2017

35 Condo sales are pending and awaiting close or lender approval (Decreased by 23 condos from March).

Stuart FL 34996 Condo Market Report April 2017

40 Condos Sold in April (Up by 4 condos from March) 

Stuart FL 34996 Condo Market Report April 2017

The Stuart FL 34996 Condo Market of Stuart had continued strong sales activity for April but a sizeable drop in pending sales.  This is often an indication of upcoming slower closed activity in the next few months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 3.7 months from March’s 4.1 months.  The second month of a sellers 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 April 2016 were: 126 active listings, 48 pending sales and 37 closed sales.  Similar activity when compared to last year, but with a greater availability of condos this year.

Stuart FL 34996 Condo Market Report April 2017

Search Stuart FL Condos Here

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report April 2017