Palm City FL 34990 Condo Market Report July 2017

Palm City FL 34990 Condo Market Report July 2017

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

 

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



There are currently 75 active condo listings. (Unchanged from June)

   Palm City FL 34990 Condo Market Report July 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 July 2017

2 Condos Sold in July. (Down by 4 condos from June)

Palm City FL 34990 Condo Market Report July 2017

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Market activity remains pretty slow for Palm City condos and remains a difficult market for sellers.  (Though a good part of this difficulty comes from two equity golf club communities.)

The current absorption rate for condos in the 34990 zip code area jumped to 37.5 months (was 12.5 months in June).  An extreme buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The July 2016 numbers were: 60 active listings, 7 pending sales and 3 closed sales.   Invenory has increased from last year and activity is slightly slower as well.
Palm City FL 34990 Condo Market Report July 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 July 2017

Stuart FL 34997 Condo Market Report July 2017

Stuart FL 34997 Condo Market Report July 2017

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

 

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

There are currently 61 active condo listings (Increased by 11 condos from June).

Stuart FL 34997 Condo Market Report July 2017

32 Condo sales are pending and awaiting close or lender approval (Decreased by 1 condos from June).

Stuart FL 34997 Condo Market Report July 2017

25 Condos Sold in July (Increased by 18 condos from June).

Stuart FL 34997 Condo Market Report July 2017

     The Stuart FL condo market for zip code 34997 returned to a very strong market activity after a very strange month in June.
     The absorption rate plunged to 2.4 months in July compared to 7.1 months for June.  Back into a very strong 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 July 2016 numbers were: 73 active listings, 25 pending sales, and 10 closed sales.  Considerably stronger activity this year on a reduced inventory of condos available for sale.

Stuart FL 34997 Condo Market Report July 2017

Stuart Florida Real Estate presented by:
Gabe Sanders

 

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

 

 

Stuart FL 34996 Condo Market Report July 2017

Stuart FL 34996 Condo Market Report July 2017

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

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

There are currently 122 active condo listings (Decreased by 10 condos from last month).

Stuart FL 34996 Condo Market Report July 2017

43 Condo sales are pending and awaiting close or lender approval (Increased by 3 condos from June).

Stuart FL 34996 Condo Market Report July 2017

21 Condos Sold in July (Down by 5 condos from June) 

Stuart FL 34996 Condo Market Report July 2017

The Stuart FL 34996 Condo Market of Stuart had fewer sales for July when compared to last month but continues with very strong activity through the summer.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 increased to 5.8 months from June’s 5.1 months.  Remaining as a sellers market for this segment of Martin County condos, but mow almost a balanced market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for July 2016 were: 120 active listings, 33 pending sales and 16 closed sales.  Stronger activity for this year when compared to July of 2016.

Stuart FL 34996 Condo Market Report July 2017

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Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report July 2017

Stuart FL 34994 Condo Market Report July 2017

Stuart FL 34994 Condo Market Report July 2017 

Stuart FL Snapshot for ZIP Code 34994, Condo Sales for July 2017

For July 2017 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 77 active condo listings (Down by 13 condos from June).

Stuart FL 34994 Condo Market Report July 2017

41 Condo sales are pending and awaiting close or lender approval. (Increased by 2 condos from last month) 

Stuart FL 34994 Condo Market Report July 2017

30 Condos Sold in July (Up by 9 condos from June).

Stuart FL 34994 Condo Market Report July 2017

The Stuart FL 34994 Condo market showed surprisingly strong activity for a typically slowe summer season.  A very hot market (pun intended).

The absorption rate for July dropped to 2.6 months compared to last month’s 4.3.  An even stronger sellers’ market for this condo segment of Stuart’s 34994 zip code area.  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 July the numbers were 74 active listings, 29 pending sales, and 10 closed sales.  Much better activity for this year when compared to July of 2016.

Stuart FL 34994 Condo Market Report July 2017

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Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34994 – Condo, July 2017

VilaBella Town-Home Condos in Stuart FL August 2017 Market Report

VilaBella Town-Home Condos in Stuart FL August 2017 Market Report

In August of 2017 there is only 1 townhome for sale in VilaBella.  This home is listed for $191,900 which is $119.42 per sq. ft. of living area.
There are two pending sales currently in Vilabella. List prices were $166,900 and $169,000 for an average of $167,950 which equals $129.32 per sq. ft. of living area.  These two townhomes averaged 23 days on market prior to going under contract.
In the past 12 months, 5 homes have sold with sales prices ranging from $153,000 up to $184,000 with an average sales price of $172,200 which equals $120.41 per sq. ft. of living area.  These sales averaged 41 days on market before going under contract and sold at 98% of list price.

About Vilabella in Stuart FL:

VilaBella Central Parkway Condos in Stuart, Florida

Entrance to VilaBella Town-Home Condos


These new condominiums located in Stuart are just minutes from it all! Located on Central Parkway connecting the two main roads of Kanner Highway and US-1, VilaBella allows residents easy access to all Stuart has to offer but also keeps residents in a peaceful secluded haven. Modern and pet friendly condominiums feature stainless steel appliances with granite counter tops in the kitchen and in the bathrooms. All units have one car garages and terraces with beautiful views of this well landscaped gated community. Hurricane shutters are included with all units. Residents can enjoy a spacious club house with picnic areas and a community swimming pool. VilaBella is close to great schools, downtown Stuart and the gorgeous Stuart beaches!

VilaBella Town Home Condos in Stuart, Florida

VilaBella Town Home Condos

VilaBella Town Home Condos in Stuart, Florida

Community Pool in VilaBella Town Home Condos


Search Here for VilaBella Town Home Condos for Sale

VilaBella Town-Home Condos in Stuart FL August 2017 Market Report

 

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