Palm City Florida Market Report ZIP Code 34990 – Condo, November 2012

Palm City Florida Market Report ZIP Code 34990 – Condo, November 2012

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2012

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



There are currently 61 active condo listings. (An increase of 2 condos from October)

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10 Condo sales are pending and awaiting close or lender approval. (Up 1 condo from last month)

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5 Condos Sold in November. (Up 5 from 0 sales for October)

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The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.  For November, there were five condos sold, considerable improvement over the previous month which had no sales for condos in Palm City.  Both the available inventory and pending sales increased slightly for November.
 
The current absorption rate for condos in the 34990 zip code area is 12.2 months.  Still a strong buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.
 
The November 2011 numbers were: 60 active listings, 3 pending sales and 1 closed sales.   Inventory is the same as last year.  Pending and closed sales are both improved for 2012.

 

 

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Palm City Florida Market Report ZIP Code 34990 – Condo, November 2012

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

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

 

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

 

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


There are currently 404 active listings (A decrease of 16 homes from October)

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

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56 Homes Sold in November (Increased by 7 homes from October)

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For the Palm City, zip code 34990, area of Martin County Florida, another strong month during traditionally slow months.  Closed sales increased by 7.  The inventory of available homes for sale also decreased after an increase last month.  Pending sales were off by a bit and we expect some slower market activity for the next few months as we approach the holidays.

The current absorption rate stands at 7.2 months. Considerably better than it’s been in quite a while.  This is a slight buyer’s market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The November 2011 numbers were:  468 active listings, 144 pending sales and 36 closed sales.  Better numbers for closed sales as compared to  last November, especially when factoring in the lower inventory for this year.  Slightly less pending activity, though.

 

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

Highlands Reserve December 2012 Market Update

Highlands Reserve December 2012 Market Update

There are currently 8 homes actively listed in Highlands Reserve for December, 2012 in Palm City, Florida.  The average list price is $404,129 at $127.32 per square foot of living area.

There are 8 homes under contract awaiting closing.  Three of these are short sales.  The average list price is $374,658 at $122.36 per square foot of living area.

In the past 12 months, 22 homes have sold in Highlands Reserve with an average sales price of $328,955 at $111.30 per square foot of living area.  Six of these homes were short sales.  No bank owned sales.

 

Highlands Reserve December 2012 Market Update is the newest upscale community in this section of MartinCounty. Enter the magnificent gates and surround yourself with the well appointed amenities of the clubhouse and natural beauty of this community. Included are paths into winding nature trails will offer dramatic views of surrounding natural preserves and serene lakes.

Located only seconds from I-95 and within minutes of shopping, beaches and the laid back easy lifestyle of Martin County. Perfect for the family with an ‘A’ rated school system. Only 30 minutes to West Palm Beach and 2 hours to Orlando.

Low HOA fees of $275.00 per month include landscaping and irrigation as well as the security gate, use of the full service clubhouse with large pool and state of the art fitness center.  Lounge and kitchen for private parties and occasions.

Give us a call for the full line of exceptional new homes available in Highland Reserve in Palm City, FL.

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Stuart Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Highlands Reserve December 2012 Market Update

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

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

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

 

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

 

There are currently 97 active condo listings (No change form October).

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21 Condo sales are pending and awaiting close or lender approval (No change from October).

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7 Condos Sold in November (An increase of 1 condo from October).

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Reflecting the off season for condos, the Stuart condo market for the area in ZIP code 34997 had a fairly slow second month in a row for November.  Basically unchanged from October, with only minor variations.  With the holidays coming up, we’re not expecting any major movement in the Stuart condo market.  Possibly an increase in inventory as often condo owners will try to time the market for the winter and spring season when activity tends to be a bit higher.

The one month absorption rate is at  13.9 months, indicating a continued strong buyers market.

The November 2011 numbers were: 119 active listings, 24 pending sales and 5 closed sales.  No significant changes from last year with the exception of a reduced inventory of approximately 20%.

 

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

 

 

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

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

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

 

There are currently 359 active listings (a decrease of 1 homes from October).

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191 Residential sales are pending and awaiting close or lender approval (An increase of 2 homes from October).

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44 Homes Sold in November (Down 7 homes from October)

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The 34997 zip code area of Stuart Florida continue to show strong numbers. The inventory basically remained unchanged while pending sales (an indication of future closed  sales) remained strong, rising by 2 homes.  Closed sales were were off by seven homes, but these results are still strong during our off season.
 
The current one month absorption rate is at 8.1 months, very close to a balanced market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.
 
The 2011 numbers were: 527 active listings, 198 pending listings and 42 closed sales.  Considering the amount of inventory being significantly lower this year, it’s very impressive how ell this segment of the Stuart real estate market continues to perform.
 
 

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