Palm City Florida Market Report ZIP Code 34990 – Residential, December 2011

Palm City Florida Market Report ZIP Code 34990 – Residential, December 2011

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2011

 

For December, 2011 in the 34990 Zip Code area of Palm City Florida :


There are currently 478 active listings (Increased by 10 homes from November)

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114 Residential sales are pending and awaiting close or lender approval. (A decrease of 30 homes from last month)

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57 Homes Sold in December (An increase of 21 homes sold from November)

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For the Palm City, zip code 34990, area of Martin County Florida, it was a strong month for closed sales.  Unfortunately, it was also the second month of increasing inventory (active listings) and also a decrease in pending sales for the future.  Comparing these numbers to December of 2010, when there were 577 active listings, 110 pending sales and 45 homes sold, we are in a better position in all categories.  With the height of the snow bird season coming, we should see some increase in activity.  The Palm City market, however, is not as seasonally influenced as our more coastal areas as this market is heavily influenced by family areas that tend not to be as seasonal, with an increase in activity normally more towards the spring and summer seasons.

 

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Palm City Florida Market Report ZIP Code 34990 – Residential, December 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, December 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, December 2011

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for December 2011

 

For December, 2011 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the November Market Snapshot data was unavailable)

 

There are currently 65 active listings. (Up 6 from November)

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11 Condo sales are pending and awaiting close or lender approval. (Down 1 condo from November)

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6 Condo Sold (An increase of 4 condos from November)

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After two months of disappointing results for the Jensen Beach condo market report (ZIP Code 34957) we’ve had a slight improvement for December.   Inventory, unfortunately has also been creeping back up which will continue to exert some strong negative price pressures.  There does appear to be increasing activity as the season approaches and we’ll see if the market picks up for 2012.


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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, December 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, December 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, December 2011

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for December 2011

 

For December, 2011 in the 34957 Zip Code area of Jensen Beach, Florida :

 

There are currently 279 active listings. (An decrease of 3 homes from last month)

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75 Residential sales are pending and awaiting close or lender approval. (A decrease of 5 homes from November)

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25 Homes Sold (Up 9 from November)

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The Jensen Beach real estate market (ZIP Code 34957) showed a small decrease in inventory this month, yet is still more than 40 homes less than last December, while having a greater number of sales than last year (an increase from last month).  Also almost 20 more pending sales from last December which is a slight decrease from last month.
Of the closed sales in the past few months, there are a significantly higher number of homes in the medium to upper price ranges as compared to the past few years, showing a renewed interest in the medium and upper end of the market. Provided the numbers for distressed homes don’t increase in 2012, we should see continued growth and good activity in the Jensen Beach, Florida real estate market.

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, December 2011

Stuart Florida Market Report ZIP Code 34994 – Condo, December 2011

Stuart Florida Market Report ZIP Code 34994 – Condo, December 2011

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2011

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

 

There are currently 153 active condo listings (Up 7 condos from November).

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35 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)

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13 Condos Sold in December (Up 3 units from November).

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The Stuart condo market for the area in ZIP code 34994 continues to show some weakness but had some better results than for November of 2011.  The inventory continued to increase, pending sales remained unchanged and the sales were up by 3 condos.  Compared to December of 2010, when there were 177 active listings, 46 pending sales and 19 closed sales, this segment of the condo market is continuing to struggle, especially as compared to the equivalent single family market in the area.

How much of this market trend can be attributed to the slower holiday season is not known at this point. In the next few months, the peak season for condos will show what the market can bear for the 2012 Treasure Coast condo sales season.

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Stuart Florida Market Report ZIP Code 34994 – Condo, December 2011

Stuart Florida Market Report ZIP Code 34994 – Residential, December 2011

Stuart Florida Market Report ZIP Code 34994 – Residential, December 2011

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for December 2011

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

 

There are currently 87 active listings (Up 8 from November).

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31 Residential sales are pending and awaiting close or lender approval (Down 1 from November).

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7 Homes Sold in December (Down 4 homes from November)

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The 34994 ZIP code area of Stuart had a fairly slow month of December. With inventory up by8 homes, pending sales off by only 1 and closed sales were off by 4 homes. Comparing the activity to December of 2010 when there were 114 active listings with 37 pending sales and 14 closed sales. A significantly lower number of sales were completed this year compared to last year with less available inventory.

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

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Stuart Florida Market Report ZIP Code 34994 – Residential, December 2011