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

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

Stuart Real Estate Snapshot for ZIP Code 3499, Condo Sales for November 2011

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

 

There are currently 146 active condo listings (Up 11 from October).

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35 Condo sales are pending and awaiting close or lender approval. (Up 4 from last month)

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10 Condos Sold in November (Down 11 units from October).

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Unlike the residential market in Martin County, Florida, the Stuart condo market for the area in ZIP code 34994 continues to show some weakness.  While inventory is down significantly from last years levels (177 units in 2010 to 146 in 2011), sales were off from the previous month as well as last year.  Inventory has also risen for the past two months.  On a positive note, pending sales were up slightly.  The vast majority of sales in this Stuart (34994 zip code market) are selling in the lower spectrum of the price range.

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, November 2011

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

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

 

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

 

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

There are currently 316 active listings. ( Down 12 from October)

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71 Residential sales are pending and awaiting close or lender approval (Up 12 from October)

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15 Homes Sold in November (A decrease of 15 homes from last month)

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Bucking the trend from the rest of Martin County, the Hobe Sound real estate market (ZIP Code 33455) had a second month of decreasing inventory and increasing pending sales.  Unfortunately closed sales were down by 50% from 30 units (a strong October) to only 15 last month.

Comparing to last November, we had 431 active listings, 51 pending sales and 16 closed sales.  Even with a significant decrease in inventory, sales as well as pending sales remain strong.  In addition, recent sales have tended toward more medium and upper end price ranges which shows many higher income buyers coming back into the market.

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, November 2011

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

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

 

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

 

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

 

There are currently 152 active listings. (An increase of 6 from last month)

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80 Residential sales are pending and awaiting close or lender approval. (A decrease of 4 homes from October)

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16 Homes Sold (Up 10 from October)

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The Jensen Beach real estate market (ZIP Code 34957) showed a small increase in inventory this month, yet is still more than 30 homes less than last November, while still having the same number of sales as last year (an increase from last month.  Also almost 30 more pending sales from last November 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, November 2011

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

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

 

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

 

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


There are currently 468 active listings (Increased 11 homes from October)

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144 Residential sales are pending and awaiting close or lender approval. (Increased 6 from last month)

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36 Homes Sold in November (A decrease of 5 homes from October)

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For the Palm City, zip code 34990, area of Martin County Florida, we had a second month of increasing inventory, although modest in number.  Also an increase in pending sales, but unfortunately a decrease in closed sales.  Comparing the numbers to November of 2010 when there were 608 active listings, 121 pending sales and 40 closed sales, there is significantly less inventory thisyear, with sales close to equal of last year as well as a higher number of pending sales.  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 groth and good activity in the Palm City, Florida real estate market.

 

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

Stuart Florida Market Report ZIP Code 34996 – Residential, November 2011

Stuart Florida Market Report ZIP Code 34996 – Residential, November 2011

 

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for November 2011

 

 

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

There are currently 173 active listings (Up 12 from October).

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28 Residential sales are pending and awaiting close or lender approval (Down 7 from October).

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14 Homes Sold in November (Up 9 from October).

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The 34996 zip code area pf Stuart Florida had a much better November compared to October up to 14 homes from a low of 5 in October.   Inventory also rose by 12 homes and pending sales were off, possibly reflecting a slowdown of activity during the holiday season.  Buyer traffic is remaining strong as many realize that it is an excellent market for home affordability on Florida’s treasure Coast.

The numbers for November of 2010 were 210 active listings, 29 pending sales and 5 closed sales.  Sales have almost tripled with less inventory available.  An excellent sign for market recovery which we believe is well under way.  Depending on the status of distressed homes (short sales and bank owned properties), we wouldn’t be surprised to see prices start to inch up in the near future.

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Stuart Florida Market Report ZIP Code 34996 – Residential, November 2011