March 2014 Monthly Market Detail Florida Single Family Homes

04.26.14 by

March 2014 Monthly Market Detail Florida Single Family Homes

The March 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed improved results from last month, but still not nearly as robust as last year.    Year to year closed sales were up, but only by 2.8% (was up by 1.5% in February) and new sales under contract (new pending sales) increased by 2.1% (was down by 5.5% in February).

Both median and average sales prices were up ( March 2013 to March 2014) by 7.1% and 6.3% respectively, compared to February’s 10% and 11%.   While still very positive numbers, the rate of appreciation appears to be slowing.

The inventory of available homes for sale increased by 16.8% from last year.  This is now the sixth month of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  I suspect that the reduced rate of increasing values and home sales are a direct result of the increasing inventory.  Currently, there are just not enough buyers to absorb this increase fully.

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March 2014 Monthly Market Detail Florida Single Family Homes

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.

March 2014 Monthly Market Detail Florida Single Family Homes

Osprey Creek Home in Martin Downs Country Club Under Contract in 7 Days

04.25.14 by

Osprey Creek Home in Martin Downs Country Club Under Contract in 7 Days

Under Contract in 7 days: 4084 SW SW Osprey Creek Way in the Martin Down Country Club is available for purchase for only $189.000.

Country Club Living Under 200,000.  2 bedroom plus den/office or possible 3rd bedroom, 2 bathroom, 1 car garage home in Martin Downs Country Club in Osprey Creek.  The covered screened patio that’s perfect for entertaining. Large eat-in kitchen, separate dining room, Florida and living rooms. Private setting with golf course views from the screened lanai.

Martin Downs is a guard gated community that offers memberships for golf, tennis and social.  Two large pools, workout room, Tiki Sports Bar and Main Dining Room.  A rated schools, Public Parks, Dining, Entertainment, Boating, Fishing, Horseback Riding and other activities just minutes away.

Palm City: An Oasis of Natural Beauty!

Palm City Florida real estate is also surrounded by natural wonders that only enhance the living experience of this community located on the Atlantic side of Florida.   World renowned freshwater and saltwater fishing.  Jonathan Dickinson State Park, near the southern part of Martin County, offers canoeing, camping, hiking and other activities in its 11,500 acres Locations that give exposure to aquatic and marine life

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Osprey Creek Home in Martin Downs Country Club Under Contract in 7 Days

Summerfield Homes for Sale in Stuart FL Under Contract

04.24.14 by

Summerfield Homes for Sale in Stuart FL Under Contract

Summerfield Golf Club

Beautifully maintained 3 bedrooms, 2 bath villa being sold fully furnished in move in condition. Located in the desirable gated community of Summerfield in Stuart FL. Features include a tiled living area, eat-in kitchen and ample closets. The covered and screened patio overlooks the 8th hole of the Champions golf course. Hurricane shutters, two car garage with plenty of storage space and a utility sink. This home is now under contract.

Summerfield Homes for Sale in Stuart FL

Summerfield Homes for Sale in Stuart FL

Summerfield Homes for Sale in Stuart FL

Summerfield Golf Club is located on over 275 acres and hosts a little over 500 single family homes adjoining the Champions Golf Course.  Selected as one of the top 10 Golf Courses he nation by Golf Magazine in 1995, it is the first public golf course awarded the Audubon Signature Sanctuary Statuary because of its natural beauty.  This Tom Fazio designed course is open to the public with very reasonable membership fees.  Visit the Champions Course web site for more information at http://www.thechampionsgolfclub.com/

Summerfield Golf Club

The residential section is known as Summerfield Golf Club and is a secured gated community with homes ranging in size from smaller 2 bedroom coach homes of around 1500 square feet up to 5 bedroom estate homes boasting over 3,000 square feet of living area.

the Champions Club at Summerfield

Summerfield boasts an exceptionally large community pool and clubhouse with dining and entertainment facilities, fitness center and a professional 6 court Tennis club.  All of these amenities available at very reasonable HOA fees, along with the convenience of on-site manager to handle any issues that may arise.

Summerfield Golf Club

Very conveniently located near US-1 and Cove Rd, residents can enjoy close proximity to shopping, medical facilities with downtown Stuart only minutes away and only 30 minutes to the palm Beaches.  Easy access to I-95 where travel to Orlando or Miami is only 2 hours by car.

the Champions Club at Summerfield

Summerfield Golf Club

The following homes are currently available for sale in Summerfield:

Summerfield Golf Club Homes for Sale

Stuart Florida Real Estate

Summerfield Homes for Sale in Stuart FL Under Contract

Affordable Jensen Beach Home Sold

04.23.14 by
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1550 NE Media Ave
Jensen Beach, FL
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SOLD!

Affordable Jensen Beach Home Sold
$ 135,000 Sale Price
2 BEDROOMS
2 BATHROOMS ( 2 full )
1204 Square Feet

In the heart of Jensen Beach. Close to the river, beaches, restaurants, and the sailing center. Very desirable area of Jensen Beach. Pergo floors in bedrooms. Large fenced in the back yard with RV and/or boat parking. Updates to home include all new plumbing, new insulation in the attic, new pump for sprinkler system, new kitchen counter, septic tank recently cleaned. Dining room light fixture does not convey. Shelves and cabinets in garage are negotiable.

Yet Another Cedar Pointe Condo Sold

04.22.14 by

Yet Another Cedar Pointe Condo Sold

Yet Another Cedar Pointe Condo Sold at 2929 SE Ocean Blvd. in Stuart, FL.  Building 116 in Village 7, Suite # 8, a 2 Bedroom, 2 Bathroom, 2’nd floor condo with 1,005 sq. ft. of living area sold for $57,000.  When the BLueWater Realty team represents buyers, we do an awesome job of negotiating some great prices.

Affordable Cedar Pointe Condo

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 features numerous pools with one being just steps from this unit. Shuffleboard and other activities are available at the clubhouse. This unit comes mostly furnished and is ready for some one who wants an affordable Florida home.

Affordable Cedar Pointe Condo

Slideshow below is for a similar unit sold earlier.

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Yet Another Cedar Pointe Condo Sold

322 SW Ridge Lane Stuart FL Homes for Sale New Price

04.21.14 by

322 SW Ridge Lane Stuart FL Homes for Sale New Price

 A very well maintained 3 bedroom 2 bathroom home with a large den. The kitchen has been updated with Corian counter-tops and oak cabinets. Both bathrooms have been updated with new vanities and tile. Quiet street, close to Publix, beaches, downtown shopping & restaurants. There is a front patio with a picket fence and a large back patio for outdoor grill and entertaining.  A lot of house for the money.  Now available for $272,500.

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Olympia Plats Hobe Sound Home Sold

04.20.14 by

Olympia Plats Hobe Sound Home Sold

Hobe Sound Homes for Sale

Great location in ‘Old Hobe Sound‘ in Olympia Plats.  This home located at 9483 SE Saturn Street sold for $325,000 through the efforts of the Gabe Sanders BlueWater Realty team.

Hobe Sound Homes for Sale

CBS Key West Style Pool Home in the highly sought after area of ‘Old Hobe Sound’! This 3/2/2 split plan has a metal roof with a pretty cupola.   Interior features include 10 foot ceilings with 14 foot high vaulted ceiling in main living area! There a re arched doorways, classy 7″ baseboards, 8 foot doors and gorgeous brand new 24″ porcelain tile (neutral shade) in entire house except master (which is carpeted) and fresh paint throughout. In the kitchen: stainless appliances (3 years old) and Corian counters. AC unit is new.  Back yard is fully fenced. Hurricane Shutters Included.

Hobe Sound Homes for Sale

BOATERS: You will love that there’s a Boat Launch area only a 1/2 mile away, as well as a community fishing dock and Park! (membership available to boat ramp).

Hobe Sound Homes for Sale

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Olympia Plats Hobe Sound Home Sold

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code March 2014

04.19.14 by

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code March 2014

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for March 2014

For February 2013 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 22 active condo listings. (Down by 1 condo from February)

7 Condo sales are pending and awaiting close or lender approval. (Increased by 4 condos from February)

3 Condos sold in February (Unchanged from February)

The Hobe Sound condo market (Zip Code 33455) is one of the smallest segments of the Martin County real estate market (along with the Jensen Beach condo market).  March 2014 market activity saw little change in inventory and closed sales, along with a nice jump in pending sales.

The current absorption rate is 7.3 months (Last month it was 7.6 months).  The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that may not indicate a true trend in the market.  Yet even with these low numbers, we are close to a balanced market for condos in the 33455 zip code area of Hobe Sound.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The March 2013 numbers were:  22 active listings, 9 pending sales and 2 closed sales.   Very close to last years market activity.

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Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code March 2014

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code March 2014

04.18.14 by

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code March 2014

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for March 2014

 For March 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 298 active listings. (Up by 9 homes from February)

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code March 2014

 

108 Residential sales are pending and awaiting close  (Increased by 10 homes from February)

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code March 2014

38 Homes Sold in March (Up by 12 homes from last month)

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code March 2014

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County for March had excellent market activity across the board..  Both pending and closed sales were up as well as a mice little increase in inventory.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 decreased to 7.8 months (11.1 months in February).  Still a buyers market, but getting close to a balanced market again.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for March 2013 were:  249 active listings, 100 pending sales and 45 closed sales. Better numbers this year than last, though when the increased inventory for this year is factored in, very similar in a percentage basis.

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code March 2014
 

 

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Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code March 2014

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code March 2014

04.17.14 by

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code March 2014

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for March 2014

For March 2014 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 23 active listings. (Decreased by 4 condos from February)

18 Condo sales are pending and awaiting close or lender approval. (Down by 2 condos from February)

16 Condos Sold (Up by 10 condos from February)

 The Jensen Beach Condo market (zip code 34957) is a very small segment of the Martin County condo market.  After 4 months of slowly increasing inventory, inventory declined for the last three months in a row.   For as small a segment as this is, activity for March was quite strong with only a small drop in pending sales and and a very strong jump in the closed sale numbers.

The one month absorption rate for the March 2014, Jensen Beach Florida Market Report ZIP Code 34957 is at an incredible 1.4 months (4.5 months in February), meaning the average condo is selling in under 90 days.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The March 2012 numbers were: 54 active listings, 28 pending sales and 13 condos closed.   Better absolute numbers last year, but there was more than double the inventory.  With such low numbers of available condos in the Jensen Beach zip code, I’m predicting considerably slower activity for the near future.

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Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code March 2014

Osprey Creek Home in Martin Downs Country Club Just Listed

04.16.14 by

Osprey Creek Home in Martin Downs Country Club Just Listed

Just Listed: 4084 SW SW Osprey Creek Way in the Martin Down Country Club is available for purchase for only $189.000.

Country Club Living Under 200,000.  2 bedroom plus den/office or possible 3rd bedroom, 2 bathroom, 1 car garage home in Martin Downs Country Club in Osprey Creek.  Covered screened patio that’s perfect for entertaining. Large eat-in kitchen, separate dining room, Florida and living rooms. Private setting with golf course views from the screened lanai.

Martin Downs is a guard gated community that offers memberships for golf, tennis and social.  Two large pools, workout room, Tiki Sports Bar and Main Dining Room.  A rated schools, Public Parks, Dining, Entertainment, Boating, Fishing, Horseback Riding and other activities just minutes away.

Palm City: An Oasis of Natural Beauty!

Palm City Florida real estate is also surrounded by natural wonders that only enhance the living experience of this community located on the Atlantic side of Florida.   World renowned freshwater and saltwater fishing.  Jonathan Dickinson State Park, near the southern part of Martin County, offers canoeing, camping, hiking and other activities in its 11,500 acres Locations that give exposure to aquatic and marine life

Search for available homes in the Martin Downs area of Palm City, FL

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Osprey Creek Home in Martin Downs Country Club Just Listed

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code March 2014

04.16.14 by

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code March 2014

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for March 2014

 For March 2014 in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 124 active listings. (Decreased by 20 homes from last month)

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code March 2014

 

97 Residential sales are pending and awaiting close or lender approval. (Up by 15 homes from February)

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code March 2014
 29 Homes Sold (Increased by 3 homes from February)

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code March 2014

The March 2014 Jensen Beach residential real estate market, zip code 34957 showed a second strong month in a row with gains in activity for both pending and closed sales.   Inventory decreased for the second month in a row.  Pretty impressive results as some other zip code areas of Martin County are not doing quite as well as Jensen Beach.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 4.3  months (5.5 months in February).  A strong sellers market now exists in Jensen Beach.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The March 2012 numbers were: 119 active listings, 86 pending sales and 25 home sales closed.   Fairly similar activity to last year, though the pending sales are stronger.  This may lead to continued strong sales in the coming months.
Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code March 2014 
 
 

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Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code March 2014

 

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code March 2014

04.15.14 by

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code March 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for March 2014

For March 2014 in the 34990 Zip Code area of Palm City, Florida :

There are currently 57 active condo listings. (Down by 6 condos from February)

11 Condo sales are pending and awaiting close or lender approval. (Increased by 5 condo from last month)

1 Condos Sold in March. (Down by 5 condos from February)

Other than an increase in pending sales, a pretty dismal March for the condo segment of the Palm City FL real estate market for zip code 34990.  Only 1 closed sale and a loss of all the gained inventory from last month.  But please keep in mind that this is a very small segment of the Palm City market as this area is primarily single family homes.  Trends are good to watch but a meaningful interpretation from monthly swings in values is difficult to determine.

The current absorption rate for condos in the 34990 zip code area zoomed to 57  months (was 10.5 months in February).   An extreme buyers market.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The March 2012 numbers were: 63 active listings, 9 pending sales and 5 closed sales.   Better closed activity last year.  Hopefully this market will pick up for the spring.

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Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code March 2014

Another Inlet Village Condo Sold

04.15.14 by

 

Another Inlet Village Condo Sold
Inlet Village in Indian River Plantation

Another beautifully updated Inlet Village Condo in Indian River Plantation on Hutchinson Island in Stuart FL has sold, thanks to the BlueWater Realty team of Stuart FL.  Sold for $150,000, this Hutchinson Island Condo in the Inlet Village section of Indian River Plantation is now no longer available.  Inlet Village on Hutchinson Island is an excellent condominium complex with 3 buildings and a dedicated community pool on the shores of the Intracoastal (the Indian River).  Two buildings are waterfront and the third is just off the water with lakeside views of the golf course at Indian River Plantation as well as sweeping vistas of .Inlet Village in Indian River Plantation

Awesome &  Beachy best describe this rare and completely remodeled and upgraded Inlet Village one bedroom, one and a half bath spacious condo with lots of storage.   Come experience this pristine condo that has not been rented since the 2006 remodel. This unit has been extensively upgraded, effective 2006, to include the entire kitchen, bedrooms, bathrooms, ceilings, and patio. Offered furnished with some sentimental items excluded. This is a rental or year round opportunity. Inlet Village is a pet friendly complex and the Indian River Plantation community offers Golf, Tennis Beaches, and a Marina.

Inlet Village in Indian River PlantationInlet Village in Indian River PlantationAmenities include a shuttle tram, access to the beach club, tennis courts, fitness center and executive golf course. There’s also a full service marina with dockage for large boats (check availability). Carefree Florida living at it’s finest!

Inlet Village in Indian River PlantationInlet Village in Indian River Plantation

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Another Inlet Village Condo Sold



Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code March 2014

04.14.14 by

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code March 2014

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for March 2014

 

For February 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 440 active listings (An decrease of 32 homes from February)

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code March 2014

 

 169 Residential sales are pending and awaiting close or lender approval. (Increased by 38 homes from last month)

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code March 2014

 

48 Homes Sold in February (Decreased by 1 home from February)

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code March 2014

After a slow two months to start the 2014 market, the Palm City home market (zip code 34990) appears to be picking up some steam.  Closed sales were off for the third month in a row, though only by 1 home for March.  Pending sales  had a large jump indicating a good possibility of increasing closed sales for the coming months.  Inventory decreased significantly, after numerous months of increases.
 
The current absorption rate decreased slightly to 9.1 months from 9.6 months in February, keeping the Palm City residential real estate market in a buyers market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The March 2012 numbers were:  390 active listings, 180 pending sales and 68 closed sales.  Still not as good as last year’s activity. 

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code March 2014

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Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code March 2014

April 2014 Market Update for Hunters Creek in Palm City FL

04.14.14 by

April 2014 Market Update for Hunters Creek in Palm City FL

As of April, there is 1 home on the market in Hunters Creek in Palm City, FL.  This home is a 3 BR home listed at $319,750.  (or $127.14 per sq. ft. of living area.

There are no homes currently under contract (pending sales)

There have been 2 homes sold in the past 12 months in Hunters Creek.  Sales prices were $$275,000 and $278,000 for an average of $127.71 per sq. ft. of living area.  Neither of these sales nor the active listing is a distressed sale.

Hunters Creek in Palm City FL is a gated community of 68 homes located off of Mapp Road just north of the Oak Ridge subdivision and across the road from Harbour Pointe.

Homes in Hunters Creek were first completed in 1990 and the last home was built in 2001. There are no more vacant lots left to be built as this community is fully matured and built out. All homes are custom built and range in sizes from over 3,800 sq. ft. of living area to just under 1,700. From 5 bedroom pool homes on over a ½ acre of land down to 3 bedroom homes on just over a quarter of an acre.

HOA fees are a very reasonable at under $100 per month. This covers the common areas and security gate along with basic cable TV.

Hunters Creek is very conveniently located near the Palm Cove Golf Club as well as quick access to Florida’s Turnpike and I-95. Also, just a few minutes away from the Palm City Bridge with access to downtownStuart, Jensen Beach and the beaches of the Atlantic Ocean on Hutchinson Island.

Hunters Creek Homes for Sale in Palm City FL

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Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code March 2014

04.13.14 by

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code March 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for March 2014

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

 

There are currently 111 active condo listings (Decreased by 19 condos from February).

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code March 2014

55 Condo sales are pending and awaiting close or lender approval. (Up by 15 condos from last month) 

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code March 2014

 

13 Condos Sold in March (Down by 4 condos from February).

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code March 2014

 

The Stuart Condo market in zip code 34994 had fewer closed sales for march than last month, however pending sales showed a nice jump which should result in some strong closed activity for the coming months.  Inventory, unfortunately dropped and is getting pretty slim in the way of available condos for buyers in the 34994 zip code area of Stuart.

The one month absorption rate rose to 8.5  months compared to last month’s 7.6.  Still a buyers market market for the 34994 zip code condo market of Stuart FL.  Though I expect this to change in the coming months.  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 March the numbers were 127 active listings, 57 pending sales, and 13 closed sales.   Quite similar to last years numbers even though inventory is less at present.
Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code March 2014

 

 

 

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Stuart Florida Market Report ZIP Code 34994 – Condo, March 2014

Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code March 2014

04.12.14 by

Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code March 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for March 2014

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

There are currently 80 active listings (Increased by 3 homes from February)

35 Residential sales are pending and awaiting close or lender approval (Up by 1 home from February).

10 Homes Sold in February (Increased by 1 home from February)

After two months of decreasing closed sales in the 34994 ZIP code area of the Stuart, Florida, there was finally an increase for March, although it was only by 1 home.  Pending sales also increased by 1 home, while, the inventory also increased slightly.  As home values rise, latent demand from sellers seems to be materializing in more active listings.  There has to be enough demand to offset this increase in inventory.  With 35 pending home sales, it does look like closed sales should increase in the coming months.

The one month absorption rate for the 34994 zip code for March decreased to 8 months from last months 8.6 months. Still a buyers market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The February 2012 numbers were 67 Active Listings, 34 pending sales and 5 closed sales.   Inventory is up for this year as were closed sales compared to March of 2013.  Pending sales are very similar (and as a percentage are not as good when the inventory values are factored in).

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Stuart Florida Market Report ZIP Code 34994 Residential March 2014

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code March 2014

04.11.14 by

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code March 2014

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for March 2014

For March 2014 in the 34996 Zip Code area of Stuart, Florida :

There are currently 150 active condo listings (Down by 21 condos from last month).

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code March 2014

 

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

 Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code March 2014

 

34 Condos Sold in March (Increased by 4 condos from February) 

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code March 2014

 For the Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code March 2014, showed continued good activity.   Pending and closed sales increased, though only slightly.  Troubling is the fact that the inventory took a sizable drop for march, significantly reducing the available choices for prospective buyers.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 4.4 months from February’s 5.7 .  This is now a strong sellers market and prices are in fact rising due to the competition for the relatively few available condos on the market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for March 2012 were: 189 active listings, 59 pending sales and 44 closed sales.  The percentage of activity is very similar to last year when the reduced inventory is factored into the equation. 

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code March 2014

 

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Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code March 2014

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code March 2014

04.10.14 by

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code March 2014

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for March 2014

 

For March 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 162 active listings (Increased by 10 homes from February).

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code March 2014

 

 47 Residential sales are pending and awaiting close or lender approval (Increased by 7 homes from February).

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code March 2014

15 Homes Sold in March (Increased by 9 homes from February).

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code March 2014

2014 has started out as a bit of a see saw ride for the 34996 zip code area of the Stuart Florida residential real estate market, After a strong January, then a very weak February, March saw some gains coming back into the market.  All indexes measured moved up this past month.

The one month absorption rate for the 34996 zip code area of Stuart Florida for March decreased to 10.8 months as compared to February’s 25.2 months.  Still a buyers market for the 34996 zip code area of Stuart, though considerably better than last month.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for March of 2012 were: 175 active listings, 55 pending sales and 14 closed sales.   This area still has a lower inventory than last year (which is becoming the exception for Martin County).  Even with that considered, very slightly stronger activity this year.

 Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code March 2014

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Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code March 2014