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

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

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

 

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

 

There are currently 109 active condo listings (A decrease of 1 condo form May).

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26 Condo sales are pending and awaiting close or lender approval (Down 3 condos from May).

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10 Condos Sold in June (A decrease of 4 condos from May).

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A slow down of market activity from last month in the Stuart condo market for the area in ZIP code 34997.  All measured activity was slightly lower from May.  The 34997 zip code area of Stuart still has a troubling number of short sales and foreclosures coming on the market at a slower but steady rate.  This is keeping prices from rising.
Last years numbers were 103 active listings, 27 pending sales and 8 closed sales.  Very little change from last year.  The 34997 area of Stuart condo market seems to be treading water with a roughly 10 month absorption rate for June of 2012.

 

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

 

 

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

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

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

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

 

There are currently 185 active condo listings (Down 3 from last month).

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27 Condo sales are pending and awaiting close or lender approval (A decrease of 4 condos from May).

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20 Condos Sold in June (Down 6 from May)

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The inventory continues to decline in the Stuart condo market for the area in ZIP code 34996. Sales activity slowed from May and pending sales were also down from last month. We are approaching the slower time of the year for seasonal condos and it’s not unusual to see a lower number of pending sales and probably fewer closed sales for the summer and fall for this segment of Stuart, Florida real estate.

Compared to last year in June of 2011, the numbers were 203 active listings, 21 pending sales and 30 closed sales.  Last June we had much better closed activity, but our pending sales are higher this year and the inventory is marginally lower.

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

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

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

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

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

 

There are currently 140 active condo listings (Down by 10 condos from May).

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40 Condo sales are pending and awaiting close or lender approval. (Up 3 from last month)

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12 Condos Sold in June (Decreased by 11 condos from May).

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The Stuart Condo market for zip code 34994 showed a marked decrease of closed sales possibly indicating a seasonal slowdown for the summer months.  But pending sales took a small jump, which is encouraging.  Active listings were down by 10, now only 140 active listings.  Lower inventory typically means less supply, which with any return in demand, might indicate price rises in the near future.

Last year in June of 2011 the numbers were: 148 active listings, 44 pending listings and 10 closed sale.  Fairly similar numbers from last year, with slightly better numbers in all categories.

The one month absorption rate for this market is now 12 months.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither a buyers or sellers market.

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

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, June 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, June 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for June 2012

 

For June 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 266 active listings. ( A decrease of 19 homes from May)

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93 Residential sales are pending and awaiting close or lender approval (A decrease of 6 homes from May)

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46 Homes Sold in June (An increase of 3 homes from last month)

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The Hobe Sound real estate market (ZIP Code 33455) remained active for June. The inventory decreased again.  Now only 266 active listings. Closed sales remained strong and pending sales also showing good future sales providing they close in the near future. The Hobe Sound market has maintained better strength through the late spring season than most segments of the Martin County real estate market.

Last year, in June of 2011, we had 378 active listings, 72 pending sales and 38 closed sales.  A considerably stronger market this year with no signs of anything other than a slight seasonal slow down in the future.

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, June 2012

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

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

 

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

 

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


There are currently 441 active listings (A decrease of 21 homes from May)

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189 Residential sales are pending and awaiting close or lender approval. (A decrease of 14 homes from last month)

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70 Homes Sold in June (Decreased 11 homes from May)

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For the Palm City, zip code 34990, area of Martin County Florida, activity slowed some from the very strong spring.  Both closed and pending sales declined, while the inventory also continued to shrink.  Still good numbers and market activity remains active, more so than the past few years.

Comparing these numbers to June of 2011, when there were 503 active listings, 132 pending sales and 56 homes sold.  Much better market activity for Palm City this year than in the past few years.  Definitely an improving market.

 

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