Stuart Florida 34994 Residential Market Report September 2017

Stuart Florida 34994 Residential Market Report September 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for September 2017

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

There are currently 76 active listings (Decreased by 1 homes from August)

Stuart Florida 34994 Residential Market Report September 2017

21 Residential sales are pending and awaiting close or lender approval (Decreased by 5 homes from last month).

Stuart Florida 34994 Residential Market Report September 2017

8 Homes Sold in August (Decreased by 8 homes from August)

Stuart Florida 34994 Residential Market Report September 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had slightly weaker activity for September.  Some of this might have been hurricane related.

The one month absorption rate for the 34994 zip code for September increased to 9.5 months from 4.8 months for August.  Bringing the 34994 zip code area of Stuart, FL back into a buyer’s market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The September 2016 numbers were 64 Active Listings, 34 pending sales, and 11 closed sales.  Better sales and pending activity last year with a little larger inventory.  Some of this activity could have been impacted by Hurricane Irma which shut down real estate for a little over a week last month.

Stuart Florida 34994 Residential Market Report September 2017

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Stuart Florida 34994 Residential Real Estate Market Report September 2017

Martin County Townhouses and Condos August 2017 Market Report

Martin County Townhouses and Condos August 2017 Market Report

Martin County Townhouses and Condos Market Report for August 2017 showed strong growth when compared to last August.  Closed sales for the month were up by 36.7% (were up by 11.1% in July) while new sales under contract (new pending sales) were up by 22.1% from August 2016 (increased by 14.4% in July).

Prices were also up for August as the median sales price decreased by 5.1% (was down by 4.8% in July) while the average sales price increased by 10.6% (was up by 4.9% in July) as compared to August of 2016.  Improved results from last month as well as last year.

The inventory of available townhouses and condos decreased by 69 units to 351 properties as compared to last month.  This is 6.1% less than the August 2016 inventory.  Currently, there’s a 3.7 month supply of inventory (a 2.6% increase from last year which was 3.8 months).  Still a seller’s market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos August 2017 Market Report

Click here to view or download the full report:
Martin County Townhouses and Condos August 2017 Market Report

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Martin County Townhouses and Condos August 2017 Market Report

Martin County Single Family Homes August 2017 Market Report

Martin County Single Family Homes August 2017 Market Report

The Martin County Single Family Homes Market Report for August 2017 showed mixed results when compared to last August.  Closed sales were up by an impressive 30% (were unchanged in July).  While new pending sales decreased by 14.5% as compared to August of 2016 (Increased by 22.3% in July).

Prices continued to rise rapidly with the median sales price up by 17.4% from last year (up by 10.9% in July) while the average price increased by 23.3% (was down by 7.2% last month).

The inventory of available single family homes decreased from last month by 45 homes to 1,023 units for August,  this is  4.3% greater than last August.  The current supply of homes is 4.9 months, for August of last year it was also 4.9 months supply. (This is unchanged from last year).  Still a seller’s market for Martin County single family home sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Single Family Homes August 2017 Market Report

Click here to view or download the full report:
Martin County Single Family Homes August 2017 Market Report

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Martin County Single Family Homes August 2017 Market Report

Hobe Sound FL 33455 Condo Market Report August 2017

Hobe Sound FL 33455 Condo Market Report August 2017

 

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

 

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

 

There are currently 15 active condo listings. (Decreased by 4 condos from July)

Hobe Sound FL 33455 Condo Market Report August 2017

4 Condos are pending and awaiting close. (Up by 1 condo from July)

Hobe Sound FL 33455 Condo Market Report August 2017

6 Condos sold in August. (Increased by 6 condos from July)

 Hobe Sound FL 33455 Condo Market Report August 2017

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  A nice increase in sales for the month as compared to no sales for July.

The absorption rate for Hobe Sound condos was 5 months for August as compared to no sales in July). 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 in 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 August 2016 numbers were: 4 active listings, 5 pending sales, and 3 closed sales.  Better overall activity this year when compared to last year.

Hobe Sound FL 33455 Condo Market Report August 2017

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Hobe Sound FL 33455 Condo Market Report August 2017

Jensen Beach FL 34957 Condo Market Report August 2017

Jensen Beach FL 34957 Condo Market Report August 2017

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for August 2017

 

For August 2017 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):



There are currently 80 active listings. (Decreased by 13 condos from July)

Jensen Beach FL 34957 Condo Market Report August 2017

41 Condo sales are pending and awaiting settlement. (Up by 6 condos from July)

Jensen Beach FL 34957 Condo Market Report August 2017

26 Condos Sold (Down by 6 condos from July)

Jensen Beach FL 34957 Condo Market Report August 2017

 The Jensen Beach FL 34957 Condo Market Report for August shows a continuing active market though the inventory continues to decline making for fewer available condos available to purchase.  Pending sales were up for the month while closed sales were off, yet still a very hot area.

The one month absorption rate for the August 2017, Jensen Beach Florida Market Report ZIP Code 34957 inched up to 3.1 months (from 2.9 months in July), still a very stronger seller’s market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The August 2016 numbers were: 112 active listings, 38 pending sales and 25 condos closed.  Much stronger activity this year with reduced inventory.  Impressive activity.

Jensen Beach FL 34957 Condo Market Report August 2017

Jensen Beach Florida Real Estate presented by:
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Gabe Sanders

Jensen Beach FL 34957 Condo Market Report August 2017