Stuart Florida Market Report ZIP Code 34997 Residential July 2013

Stuart Florida Market Report ZIP Code 34997 Residential July 2013

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

 

There are currently 331 active listings (A decrease of 1 home from June).

Active Listings - Stuart Florida Market Report ZIP Code 34997 Residential July 2013

166 Residential sales are pending and awaiting close or lender approval (A decrease of 6 home from June).

Pending Listings - Stuart Florida Market Report ZIP Code 34997 Residential July 2013

 

62 Homes Sold in July (Down 6 homes from June)

Sold Listings - Stuart Florida Market Report ZIP Code 34997 Residential July 2013

 

Activity eased for the second month in a row for the Stuart Florida Market Report ZIP Code 34997.  Inventory remained basically unchanged while both pending and closed sales saw decreases.  This is still a sellers market for now, but if this trend continues we will probably see a more balanced market in the next few months.
 
The current one month absorption rate rose to 5.3 months which still indicates a sellers market ( though it’s up from last months 4.9 month absorption rate).  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.  
 
The 2012 numbers were: 330 active listings, 222 pending listings and 50 closed sales.  Better closed activity this year, while pending sales are significantly lower.  Unusually for this segment of the Stuart residential market, the inventory is similar to last year.  (Most of our areas have reduced inventory this year as compared to last)
 
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
 
Market Summary - Stuart Florida Market Report ZIP Code 34997 Residential July 2013

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Stuart Florida Market Report ZIP Code 34997 Residential July 2013

Stuart Florida Market Report ZIP Code 34996 Condo July 2013

Stuart Florida Market Report ZIP Code 34996 Condo July 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for July 2013

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

There are currently 176 active condo listings (Down 8 from last month).

Active Listings - Stuart Florida Market Report ZIP Code 34996 Condo July 2013

 

32 Condo sales are pending and awaiting close or lender approval (An increase of 1 condo from June).
Pending Listings - Stuart Florida Market Report ZIP Code 34996 Condo July 2013

 

 

16 Condos Sold in July (Down by 1 from June)

Sold Listings - Stuart Florida Market Report ZIP Code 34996 Condo July 2013

 

Fairly consistent activity for the Stuart Florida Market Report ZIP Code 34996 for Condos for July 2013.   Both pending and closed sales remained steady with only a 1 unit increase and decrease respectively.  Another decrease in inventory, which is pretty normal as many condo owners feel that the summer market is not the prime time to sell condos.  Though, history has proven this to be quite wrong, as the decreased competition normally results in much greater showing activity and a better chance of a sale.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo rose slightly to 11 months. Still  a fairly significant buyers market for July of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for July 2012 were: 190 active listings, 17 pending sales and 12 closed sales.   Still doing considerably better this year as compared to last.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:

Market Summary - Stuart Florida Market Report ZIP Code 34996 Condo July 2013

Search here for Stuart Florida Real Estate for Sale ( Condos)

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Stuart Florida Market Report ZIP Code 34996 Condo July 2013

Stuart Florida Market Report ZIP Code 34996 Residential July 2013

Stuart Florida Market Report ZIP Code 34996 Residential July 2013

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

 

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

There are currently 126 active listings (Decreased by 27 homes from June).

Active Listings - Stuart Florida Market Report ZIP Code 34996 Residential July 2013

 

44 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from June).

Pending Listings - Stuart Florida Market Report ZIP Code 34996 Residential July 2013

 

15 Homes Sold in July (Decreased by 6 homes from June).

Sold Listings - Stuart Florida Market Report ZIP Code 34996 Residential July 2013

 

In the 34996 zip code area of Stuart Florida real estate market activity for July 2013 there was a large drop in inventory for July.  Whether sellers are taking a break for the summer or waiting for prices to increase, only time will tell.  Closed sales were off slightly in July while we did have a small rise in pending sales.

The one month absorption rate for the 34996 zip code area of Stuart Florida for July rose to 8.4 months, remaining a buyer’s market.  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 July of 2012 were: 166 active listings, 28 pending sales and 11 closed sales.  Considerably better activity this year as compared to last, especially when considering the lower number of available homes for sale.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:

Market Summary - Stuart Florida Market Report ZIP Code 34996 Residential July 2013

Search here for Stuart Florida Real Estate for Sale


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

 

Stuart Florida Market Report ZIP Code 34996 Residential July 2013

Plantation at Sewalls Point August 2013 Market Update

Plantation at Sewalls Point August 2013 Market Update

As of August 13, 2013 there is one spacious waterfront home listed in the Plantation at Sewalls Point.  The list price is $5,850,000 which equals $1,132.62 per square foot of living area.

One home is currently under contract.  It was listed for $979,000 (non-waterfront home) for a price per square foot of living area of $195.14.

In the past 12 months, 1 home has sold in the Plantation.  It was listed at $950,000 and closed for $890,000 at $199.37 per square foot of living area.  This was also a non-waterfront home.  None of the listings in the Plantation were distressed sales.

Aerial of the Plantation at Sewalls Point

 

The Plantation at Sewalls Point is an exclusive private community of only 21 home sites.  There are 10 large estate sized waterfront lots with deep water docks and views of the Saint Lucie River some with magnificent waterfront views of the Saint Lucie River.  11 smaller non-waterfront home-sites on 1/2 to 1 acre sites.  All homes were custom built by individual contractors/builders from 1994 to the early 2000’s.  Plantation Home 4

Some of Martin County’s most elegant homes can be found in the Plantation at Sewalls Point. Conveniently located close to Indian Riverside Park, the United States Olympic Sailing Center, Deep Water marinas, restaurants, shopping and all of this within an ‘A’ rated school system.Plantation Home 2

The HOA fees depend on the size of the property and range from around $900 a quarter to $1,400.  The Plantation at Sewalls Point is one of the most prestigious communities in Martin County and the Treasure Coast of FL.

Plantation Home 1

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Plantation at Sewalls Point August 2013 Market Update

 

Stuart Florida Market Report ZIP Code 34994 Condo, July 2013

Stuart Florida Market Report ZIP Code 34994 Condo, July 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for July 2013

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

 

There are currently 109 active condo listings (Decreased by 3 condo from June).

Active Listings - Stuart Florida Market Report ZIP Code 34994 Condo, July 2013


 

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

Pending Listings - Stuart Florida Market Report ZIP Code 34994 Condo, July 2013

 

11 Condos Sold in July (Decreased by 6 condos from June).

Sales - Stuart Florida Market Report ZIP Code 34994 Condo, July 2013

 

 

We’re in the off season for the Stuart Condo market for zip code 34994.   Surprisingly pending sales increased  by 1 condo while closed sales decreased by 6 units.   The inventory decline continues, by three condos this month.  It is a fairly seasonal condo market and we often see inventory declines in the summer months with an expected increase in late fall as the snowbird season begins.

The one month absorption rate rose to to 9.6 months, once again a buyers market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last July the numbers were 153 active listings, 30 pending sales, and 17 closed sales.  Closed sales were off a little as compared to last year, but inventory is off by more than 30%, yet the pending numbers are considerably better.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:

Market Summary - Stuart Florida Market Report ZIP Code 34994 Condo, July 2013

Search here for Stuart Florida Real Estate for Sale ( Condos)

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

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