Stuart Florida Market Report ZIP Code 34994 – Condo, January 2012

Stuart Florida Market Report ZIP Code 34994 – Condo, January 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for January 2012

For January, 2011 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 154 active condo listings (Up 1 condos from December).

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33 Condo sales are pending and awaiting close or lender approval. (Down 2 from last month)

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11 Condos Sold in January (Down 2 units from December).

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The Stuart condo market for the area in ZIP code 34994 continues to show weakness.  The January results were off slightly from December, which in fact should show increased activity as we head into the season.  Unfortunately this was not the case.   The inventory continued to increase, pending home sales were also off and sales were down as well. Compared to January of 2011, when there were 173 active listings, 68 pending sales and 9 closed sales.  The inventory is down from last year, but pending and closed sales remain weak in this segment of the market.  This is increasing pressure for additional price drops, unless sales can pick up in the latter part of this season.

The next few months, the peak season for condos will show what the market can bear for the 2012 for the Treasure Coast condo market.

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Stuart Florida Market Report ZIP Code 34994 – Condo, January 2012

Stuart Florida Market Report ZIP Code 34994 – Residential, January 2012

Stuart Florida Market Report ZIP Code 34994 – Residential, January 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for January 2012

For January, 2011 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 83 active listings (Down 4 from December).

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38 Residential sales are pending and awaiting close or lender approval (Up 7 from December).

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6 Homes Sold in January (Down 1 homes from December)

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The 34994 ZIP code area of Stuart did a bit better than last month though 1 less home actually closed (sold) as opposed to December.  The good news is that the inventory went back down a little and pending home sales are up, indicating more activity and sales for the near future.  Comparing the activity to January of 2011 when there were 111 active listings with 42 pending sales and 6 closed sales, we’re still not seeing as robust activity as we would like.  These numbers are very similar to last year although we do have reduced inventory.

With the lower number of homes on the market this year, it will be interesting to see what happens as we continue in the height of the season these months.

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Stuart Florida Market Report ZIP Code 34994 – Residential, January 2012

Sewalls Point Market Report – Residential, January 2012

Sewalls Point Market Report – Residential, January 2012

Sewalls Point Real Estate Snapshot, Residential Sales for January 2012

There are currently 59 active listings (an increase of 1 home for sale from December)

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11 Residential sales are pending and awaiting close or lender approval (An increase of 3 from December)

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3 Homes sold in December (Down 2 from December)

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After a fairly good December of 2011, January was pretty tepid for the Sewalls Point housing market.   We only had three sales in January as opposed to 5 in December, two of these sales were in the middle price ranges for Sewalls Point above $450,000 (sales price).  Inventory remains quite high for Sewalls Point.  On a brighter note, pending sales were up to 11 an increase of 3 from last month.

Comparing the results to January of 2011, the inventory is down from 65 homes, pending sales were 9 last year and 2 homes sold. Other than a lower inventory, the numbers are almost identical from a year ago.

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Sewalls Point Market Report – Residential, January 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2011

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2011

 

For December, 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

 

 

There are currently 37 active condo listings. (Down 3 from last November)

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7 Condo sales are pending and awaiting close or lender approval. (Up 1 from November)

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 5 Condos Sales closed in December (Up from zero sales in November)

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The Hobe Sound condo market (Zip Code 33455) is a very small segment of both Hobe Sound real estate as well as the smallest condo market on the Treasure Coast.  December did show good results though and this segment departed from the rest of Martin County by positive numbers in a decreased inventory and 5 sales when there were none in November. Compared to last year, where there were 40 listings, 3 pending sales and 5 closed sale, the market has not changed much for Hobe Sound.

Hopefully we’ll see some improvement in sales in the coming months, but as long as the inventory stays this small, we just don’t see any appreciable rise in numbers. Most of this product is in the lower price ranges and this is where we expect to see activity.


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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2011

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2011

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for December 2011

 

For December, 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 330 active listings. ( An increase of 14 homes from November)

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58 Residential sales are pending and awaiting close or lender approval (A decrease of 13 homes from November)

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28 Homes Sold in December (An increase of 13 homes from last month)

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 Along with most of Martin County, the Hobe Sound real estate market (ZIP Code 33455) had increasing inventory and decreasing pending sales from last month. Closed sales were the bright note, as 28 homes were sold in December, an increase of 13 homes from November.
Comparing to last December, we had 374 active listings, 47 pending sales and 28 closed sales.  Closed sales were equal to last year, with about 10% less active inventory and pending sales were lower as well.

Provided we don’t see a drastic increase in distressed properties (short sales and bank owned foreclosures), we should be in line for a good performance from the Hobe Sound real estate market in 2012.

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2011