Palm City Florida Market Report ZIP Code 34990 – Residential, February 2012

Palm City Florida Market Report ZIP Code 34990 – Residential, February 2012

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for February 2012

 

For February 2012 in the 34990 Zip Code area of Palm City Florida :


There are currently 482 active listings (Increase of 8 homes from January)

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176 Residential sales are pending and awaiting close or lender approval. (An increae of 15 homes from last month)

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49 Homes Sold in February (Increased 17 homes from January)

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For the Palm City, zip code 34990, area of Martin County Florida, another positive month in terms of closed sales and future pending sales.  Inventory crept up by a small number, but sales activity remains strong in Palm City residential real estate. Comparing these numbers to February of 2011, when there were 570 active listings, 144 pending sales and 46 homes sold, very similar numbers with a significantly smaller inventory.

 

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Palm City Florida Market Report ZIP Code 34990 – Residential, February 2012

Stuart Florida Market Report ZIP Code 34997 – Condo, February 2012

Stuart Florida Market Report ZIP Code 34997 – Condo, February 2012

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2012

 

For February 2012 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 112 active condo listings (An decrease of 2 condos form January).

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34 Condo sales are pending and awaiting close or lender approval (Up 10 condos from January).

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8 Condos Sold in June (A decrease of 5 condos from January).

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Generally treading water for the Stuart condo market for the area in ZIP code 34997.  Inventory basically unchanged, pending sales were up but closed sales were off.  Last years numbers were 121 active listings, 24 pending sales and 3 closed sales.  It certainly appears that we are in a steady state with this level of activity for this segment and this very well may be the new normal.

 

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2012

 

 

Stuart Florida Market Report ZIP Code 34997 – Residential, February 2012

Stuart Florida Market Report ZIP Code 34997 – Residential, February 2012

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for February 2012

 

There are currently 471 active listings (A decrease of 59 homes from January).

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242 Residential sales are pending and awaiting close or lender approval (An increase of 37 homes from January).

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60 Homes Sold in January (Up 15 homes from January)

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Another positive month for the 34997 zip code area of Stuart Florida.  This segment of the martin County real estate market is just HOT!  Inventory took a huge drop last month while both pending and closed sales were up.  There is an exceptionally large number of contingent sales (pendings) that are awaiting lender approval in the form of short sales.  Hopefully, the majority of these will receive approval and close.
Compared to February of 2011, when there were 641 active listings, 207 pending sales and 36 closed sales, the 34997 area code for Stuart, Florida continues to show great improvement with considerably improved numbers, even with less inventory available.

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Stuart Florida Market Report ZIP Code 34997 – Residential, February 2012

Stuart Florida Market Report ZIP Code 34996 – Condo, February 2012

Stuart Florida Market Report ZIP Code 34996 – Condo, February 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for February 2012

For February 2012 in the 34996 Zip Code area of Stuart, Florida :

 

There are currently 207 active condo listings (Down 18 from last month).

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43 Condo sales are pending and awaiting close or lender approval (An increase of 11 condos from January).

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25 Condos Sold in February (An increase of 13 condos from January)

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The inventory declined  fairly sharply in the Stuart condo market for the area in ZIP code 34996.  Sales activity doubled from January and pending sales increased as well.  Very strong signs for this are of the market.  There was a fairly good mix of both Island units as well as some of the lesser priced senior condos on the mainland selling last month.

Compared to the end of last year in February of 2011, the numbers were 263 active listings, 46 pending sales and 26 closed sales. Other than a lower inventory of available condos, the numbers are very similar to February of 2011.

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Stuart Florida Market Report ZIP Code 34996 – Condo, February 2012

Stuart Florida Market Report ZIP Code 34996 – Residential, February 2012

Stuart Florida Market Report ZIP Code 34996 – Residential, February 2012

 

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for February 2012

 

 

For February, 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 183 active listings (Down 7 from January).

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

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8 Homes Sold in February (Up 2 from January).

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The 34996 zip code area of Stuart Florida along with the majority of areas in the Treasure Coast had a strong February market with all tracked categories moving in the right direction.

Comparing the numbers to February of 2011, there were 206 active listings, 30 pending sales and 7 closed sales.  With the inventory continuing to decline, sales levels and pending sales levels remain at or above last years levels.  Those properties that are attractive and priced well continue to sell, and often quite fast.

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

Stuart Florida Market Report ZIP Code 34996 – Residential, February 2012