June 2015 Monthly Market Detail Martin County Single Family Homes

07.27.15 by

June 2015 Monthly Market Detail Martin County Single Family Homes

The June 2015 Monthly Market Detail Martin County Single Family Homes rebounded nicely from last months disappointing sales volume.  Year to year closed sales were up by 28.8% (was down 2.6% in May). New pending sales increased by 2.1% as compared to June of 2014 (increased by 1.1% in May).

The median sales price was down by 5.4% from last year (down by 1.1% in May) while the average price increased by .05% (was up by 13% last month).  Continuing to show some weakness in what has been an exceptionally strong rate of price increases for the past two years.

The inventory of available single family homes decreased from May 2015 by 49 homes to 1038 units this month, and this is also a 25.4% decrease from last June.  Current supply of homes decreased to 4.5 months from May’s 4.8 months supply. (A 37.7% decrease from last year). The Martin County single family real estate market continues as a strong sellers market, though there are some major issues appearing recently.  Primarily the lack of inventory of available homes for sale.

Click here to view or download the full report:
June 2015 Monthly Market Detail Martin County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

June 2015 Monthly Market Detail Martin County Single Family Homes

Leilani Heights Jensen Beach July 2015 Market Update

07.27.15 by

Leilani Heights Jensen Beach July 2015 Market Update

There are 2 current listings in Leilani Heights as of July 2015.  The list prices are $165,000 and $214,900 for an average list price of $189,950 or $126.55 per sq. ft. of living area.

3 homes are under contract and awaiting settlement in Leilani Heights.  List prices are from $149,900 to $230,000 with the average list price being $179,800 that equals $122.91 per sq. ft. of living area.

In the past year, there have been 24 homes sold in Leilani Heights.  Sales prices ranged from $94,000 to $230,000 with the average sales price being $158,990 which equates to $109.85 per sq. ft. of living area.  The average days on market prior to n accepted offer was 41 days and these sales averaged at 97% of the list price.

Located so closely to the many exciting and beautiful places in Jensen Beach, Leilani Heights has been a well known family oriented neighborhood for many years. Leilani Heights is within walking distance from the Five Star Jensen Beach Elementary School that has earned an “A” rating for 5 years in a row! The Lelaini Heights neighborhood is also located less than 10 minutes from Jensen Beach High School, a newer facility filled with fantastic teachers and sports programs. If you are a beach lover then you are in luck! Living in Leilani Heights, you are only a few minutes from having your toes in the sand. Want to enjoy downtown Jensen Beach? Then you are only five minutes away! Treasure Coast Square Mall is also just a short ride away! So if you want to be close to the five star schools, beaches, quality restaurants, the mall, family sports and recreation areas then Leilani Heights is your perfect fit.

Leilani Heights real estate in Jensen Beach Leilani Heights real estate in Jensen Beach

Leilani Heights real estate in Jensen Beach Leilani Heights real estate in Jensen Beach

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June 2015 Monthly Market Detail Florida Townhouses and Condos

07.26.15 by

June 2015 Monthly Market Detail Florida Townhouses and Condos

The June 2015 Monthly Market Detail Florida Townhouses and Condos rebounded after a somewhat weak May.  Closed sales were up by 14.6% as compared to last months decrease of 0.1% and new sales under contract (new pending sales) increased by 2.7% (In May there was a 1.4% decrease).

Both median and average sales prices continue to increase, with rises of (year to year) 7.9% and 3.1% respectively (in May they were up by 9.7% and o.5%).  As sales volume decreases, I expect to see some moderation in the coming months for price increases.

The inventory decreased by 1.8% from June of last year.  For June 2015 we have 5.5 months of inventory (was 5.8 months in May) also was 5.8 from last June.  A slight sellers market for now, as a 6 months inventory supply is considered a balanced market.

June 2015 Monthly Market Detail Florida Townhouses and Condos

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
June 2015 Monthly Market Detail Florida Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

June 2015 Monthly Market Detail Florida Townhouses and Condos

June 2015 Monthly Market Detail Florida Single Family Homes

07.24.15 by

June 2015 Monthly Market Detail Florida Single Family Homes

The June 2015 Monthly Market Detail Florida Single Family Homes continues to show improved activity from last year and showed a greater rate of improvement from last month.  Closed sales were up by 19.% (was up by 7.7% in May) and new sales under contract (new pending sales) increased by 10.4% (was up by 1.5% in May).

Both median and average sales prices continue to rise ( June 2014 to June 2015) by 10.0% and 3.4% respectively, compared to May’s 11.1% and 1.9%.  Home prices continue their upward trend in FL.  As interest rates begin to rise, we’ll see how long and how fast this trend continues.

The inventory of available homes for sale fell by 5.9% from last year.  Some high demand areas of Florida have seen decreasing inventory for a number of months now.  For June there was only a 4.6 months supply of inventory, this is a sellers market with the advantage for sellers. (June of 2014 had a 5.6 month supply)

June 2015 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

June 2015 Monthly Market Detail Florida Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

June 2015 Monthly Market Detail Florida Single Family Homes

Hobe Sound FL 33455 Condo Market Report June 2015

07.22.15 by

Hobe Sound FL 33455 Condo Market Report June 2015

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for June 2015

 

For June 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 8 active condo listings. (Down by 1 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2015

2 Condos are pending and awaiting close. (Down by 2 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2015

6 Condos sold in May (Increased by 5 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  We are down to only 8 active listings in Hobe Sound for June.  So not much in the way of expectations for the immediate future until more condos come on the market for sale.

The current absorption rate is 1.3 months (Last month it was 8 months). The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that June not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The June 2014 numbers were: 18 active listings, 4 pending sales and 2 closed sales.  Hardly any available condos for sale in Hobe Sound but still better volume of sales this year as compared to last.

Hobe Sound FL 33455 Condo Market Report June 2015

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Hobe Sound FL 33455 Condo Market Report June 2015

 

Hobe Sound FL 33455 Residential Market Report June 2015

07.21.15 by

Hobe Sound FL 33455 Residential Market Report June 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for June 2015

  For June 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 150 active listings. (Down by 30 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2015

119 Residential sales are pending and awaiting close  (Up by 6 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2015

61 Homes Sold in June (Down by 4 homes from last month)

Hobe Sound FL 33455 Residential Market Report June 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to set a torrid pace for sales.  Though the continuing drop in available inventory will soon effect the volume of sales unless more product goes back on the market.  Can’t sell it if it’s not available.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dipped to 2.5 months (2.8 months in May).  Still an extreme seller’s market for the Hobe Sound area of Martin County.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for June 2014 were:  261 active listings, 95 pending sales and 40 closed sales.   A very significant drop in inventory, yet the volume remains better than last year.

Hobe Sound FL 33455 Residential Market Report June 2015

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Hobe Sound FL 33455 Residential Market Report June 2015

Rocky Point July 2015 Market Update

07.21.15 by

Rocky Point July 2015 Market Update

Here is your Rocky Point July 2015 market update in Stuart Florida:

There are currently 33 active listings in Rocky Point.  List prices range from a low of $195,000 to $2,895,000 which results in an average list price of $655,834 or $229.57 per square foot of living area.

19 homes are under contract (pending sales) and awaiting closing.    Listing prices ranged from $165,000 to $1,400,000 for an average list price of $364,400 which is $163.97 per square foot of living area.

In the past 12 months, 73 homes have sold in Rocky Point with sales prices ranging from $65,000 to $1,035,000 for an average sales price of $285,739 which equals $149.26 per square foot of living area.  The average days on market was 96 with a 95% list to sales price ratio.

Rocky Point Homes for Sale in Stuart, Florida

 Rocky Point real estate

 

Rocky Point in Stuart, FL is a wonderful boating oriented community located just off the Saint Lucie Inlet in beautiful Martin County Florida.  Originally a fishing village because of its proximity to the Atlantic Ocean; Rocky Point is now a wonderful family community with a variety of different neighborhoods.  Most of Rocky Point is still oriented towards fisherman and boaters with many of the neighborhoods having access to docks, marinas and/or boat ramps.  Some neighborhoods have deeded dock rights as well as privately owned ramps and launch facilities.  There is also a selection of some luxury waterfront homes with private docks located only a short few minutes cruise to the open Ocean via the Saint Lucie Inlet and within a day’s round trip to the Bahamas.

 Rocky Point real estate

Bordering Rocky Point to the north and west is the Manatee Pocket.  Home of the original Stuart Sailfish fleet (Stuart continues to proudly boast that it’s the ‘Sailfish Capitol of the World’).  Now home to a number of Marinas, Charter fleets and the famous Chapman School of Seamanship as well as quite a few excellent restaurants serving the freshest seafood arriving from the Ocean straight to the kitchens daily.

 Rocky Point real estate

All this in wonderful family friendly neighborhoods within Martin County’s ‘A’ rated schools system.

Rocky Point real estate

One of the highlights of the year for Rocky Point is the Port Salerno Seafood Festival.  Held yearly in the winter, this free festival fills the streets of Historic Port Salerno.  In addition to serving up the area’s freshest and tastiest seafood, live music, community booths, arts & crafts, activities for the kids, pirates and more keep the entire family entertained the whole day.

Rocky Point real estate Admission is FREE, though attendees are asked to bring canned goods in exchange for zero admission to benefit a food drive for local food banks.

Rocky Point real estate

 

 

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Find the Perfect Home for Sale Today

Prices are low and the inventory has been shrinking.  Don’t miss the opportunity of a lifetime.  Search instantly for any size, location, price range to get you the BEST deal around!!!

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Stuart Florida Real Estate

Rocky Point July 2015 Market Update

 

Jensen Beach FL 34957 Condo Market Report June 2015

07.20.15 by

Jensen Beach FL 34957 Condo Market Report June 2015

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for June 2015

 

For June 2015 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 31 active listings. (Increased by 1 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2015

11 Condo sales are pending and awaiting settlement. (Decreased by 1 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2015

5 Condos Sold (Decreased by 3 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2015

 The Jensen Beach FL 34957 Condo Market Report June 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  Activity dropped off from the past few months very hot market to just a very good market for Jensen Beach condos.

The one month absorption rate for the June 2015, Jensen Beach Florida Market Report ZIP Code 34957 rose to 6.2  months (from 3.8 months in May), back into a long awaited balanced market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The June 2014 numbers were: 31 active listings, 10 pending sales and 3 condos closed.  Marginally better activity this year, though with such small numbers a trend is difficult to determine for this market.

Jensen Beach FL 34957 Condo Market Report June 2015

Jensen Beach Condominium Properties by Price


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Jensen Beach FL 34957 Condo Market Report June 2015

Murano Homes July 2015 Housing Market Update

07.20.15 by

Murano Homes July 2015 Housing Market Update

Palm City Florida Real Estate

Murano in Palm City Florida
There are currently 5 homes on the MLS in Murano with prices ranging from $269,000 to $349,000. This is an average list price of  $306,380 or $125.24 per sq. ft. of living area.
There are currently 4 homes under contract in the MLS.  List prices on these pending homes range from $248,000 to $289,000 for an average list price of $268,350 which equals $145.64 pr sq. ft. of living area.
In the past 12 months 6 homes have sold in Murano with sales prices ranging from $238,000 to $320,000 for an average sales price of $275,000 which is $117.96 per sq. ft. of living area.  The average days on market was 41 and the list to sales price ratio was 97%..
Murano Homes in Palm City FLConveniently located off of martin Downs Blvd and Sunset Trail, Murano is a new home community with 110 homes. Originally developed by Home Dynamics with homes built in 2007 and later this community was taken over by D. R. Horton with building resuming in 2011 to the present. Murano homes range from two story 5 Bedroom 4 bathroom homes of 0ver 3,200 sq. ft. to single story 2 Bedroom, 2 bath homes of just over 1,700 sq. ft.

This is a very family friendly neighborhood close to schools, shopping and Florida’s Turnpike for commuters. There is a community pool and low HOA fees of approximately $65 per month (as of this writing).

There may be a few new D. R. Horton homes available for sale, but this community is just about sold out so call us for details.

  • For the D.R. Horton homes, highlights include:
  • Choice of 5 NEW Floor plans
  • GE Appliance Package
  • Various home sites available including lakefront
  • Community Swimming Pool and Cabana
  • Top Rated Palm City Schools
  • Easy commute via I-95 or Florida Turnpike
  • Close proximity to area recreation including beaches, parks, boating, fishing and all types of water sports
  • Shopping, entertainment and restaurants are all nearby.

We are very excited to be able to offer some special promotional packages not available directly from the builder.

 Murano Homes in palm City Florida

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Murano Homes for Sale

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Murano Homes July 2015 Housing Market Update


Jensen Beach FL 34957 Residential Market Report June 2015

07.19.15 by

Jensen Beach FL 34957 Residential Market Report June 2015

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for June 2015

 For June 2015 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 119 active listings. (Down by 16 homes from last month)

Jensen Beach FL 34957 Residential Market Report June 2015

90 Residential sales are pending and awaiting close or lender approval. (Down by 2 homes from May)

Jensen Beach FL 34957 Residential Market Report June 2015

46 Homes Sold (Increased by 15 homes from May)

Jensen Beach FL 34957 Residential Market Report June 2015

The Jensen Beach FL 34957 Residential Market resumed it’s torrid pace for the year after just a slight breather in May.  Very strong activity in Jensen Beach residential sales.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 2.6 months (was 4.4 months in May).  A very strong sellers market for Jensen Beach home sales but heading towards a balanced market.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The June 2014 numbers were: 122 active listings, 62 pending sales and 25 home sales closed.   Much better volume this year and encouragingly Jensen Beach inventory hasn’t declined as much as some other parts of Martin County.
Jensen Beach FL 34957 Residential Market Report June 2015

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All Residential properties for sale in the 34957 Zip Code area of Jensen Beach FL

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Jensen Beach FL 34957 Residential Market Report June 2015

Crane Creek in Martin Downs July 2015 Housing Market Update

07.19.15 by

Crane Creek in Martin Downs July 2015 Housing Market Update

Crane Creek in Martin Downs

In July of 2015 there are 11 homes actively listed in Crane Creek.  List prices range from $375,000 to $675,000 for an average list price of $549,355 or $148.37 per sq. ft. of living area.

There are currently 2 Crane Creek homes are under contract and awaiting settlement, priced from $179,000 to $415,000 or an average list price of $314,333 which is $132.20 per sq. ft. of living area.

In the past 12 months there have been 22 sales in Crane Creek with sales prices ranging from $135,000 to $635,000 for an average sales price of $337,324 or $118.83 per sq. ft. of living area. The average days on market was 91 with a 95% list to sales price ratio.

Crane Creek in Martin Downs

The coast of Florida on the eastern side offers many wonderful locations. One of the secret attractions is Crane Creek real estate development. This community is found within Palm City. With all the accommodations the Palm City area has to offer it should not be a surprise that a select neighborhood such as Crane Creek real estate properties is a high commodity.

  • An abundance of parks to soak in the outdoors  from a climate that allows for it year round; fields for football, soccer, baseball, softball, lacrosse, tennis and basketball courts, skate rinks and parks, horseshoes, playgrounds, picnic areas, shelters, boat ramps and many more
  • A wide variety of fishing from saltwater to freshwater, surf to pier to deep water, charter, novice and expert, tournament or hobby
  • An assortment of arts and culture; musicals, plays, movie theaters, miniature golf, pleasure cruises, restaurants, fine art collections, gift shops, festivals, art shows, museums, theme parks
  • A large range of shopping experiences including leading retailers, specialty shops, charming boutiques, malls

Crane Creek in Martin Downs

Crane Creek real estate is situated within Martin Downs Country Club. A gated golf course community, Crane Creek has the finest features needed to make the community as upscale and appealing as possible. However, none of this is forced upon you because membership in the country club is optional.

  • a spectacular clubhouse
  • 2 championship golf courses
  • 12 tennis courts
  • 2 swimming pools
  • a fully equipped fitness center

Crane Creek in Martin Downs

There is also the opportunity to partake in one of the many other conveniences in place at the country club facility.  There are a driving range, chipping area, putting green, practice bunker and rental clubs. The Crane Creek real estate in Martin Downs is made up of marvelous and varied homes with something for everyone. The properties involve a wide selection of architectural style and choices from condominiums to estate homes. The parcels also have as much variation with maintenance free lots and large acreage lots. Within minutes from two of Florida’s major thoroughfares, Florida’s Turnpike and I-95, the location of Crane Creek real estate removes the hassle from commuting. In addition to all of these amenities recent business dealings in the Crane Creek real estate area may bring one more amenity. There is talk of an equestrian facility being placed on site within Martin Downs Country Club. In this part of Florida there is fishing, golf and horses. An equestrian facility would bring horse shows and an increase in revenue for locally owned businesses. Come take a look at all of the extras and all of the expected in this community. Furthermore, contact us today so we can put our knowledgeable and professional expertise to work for you as you look into becoming part of the Crane Creek real estate undertaking.
Crane Creek in Martin Downs

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Crane Creek Homes for Sale

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Crane Creek in Martin Downs July 2015 Housing Market Update

Palm City FL 34990 Condo Market Report June 2015

07.18.15 by

Palm City FL 34990 Condo Market Report June 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for June 2015

 

For June 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 51 active condo listings. (Down by 4 condos from May)

Palm City FL 34990 Condo Market Report June 2015

14 Condo sales are pending and awaiting close or lender approval. (Increased by 3 condos from last month)

Palm City FL 34990 Condo Market Report June 2015

8 Condos Sold in June. (Up by 4 condos from May)

Palm City FL 34990 Condo Market Report June 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Fairly positive activity for June of 2015 with improving closed sales and pending sales.

The current absorption rate for condos in the 34990 zip code area declined to 6.4 months (was 13.8 months in August).   Sliding in the wrong direction for the Palm City condo market. A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The June 2014 numbers were: 56 active listings, 5 pending sales and 3 closed sales.   Somewhat better volume for the 2015 palm City condo market.
 Palm City FL 34990 Condo Market Report June 2015

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Palm City FL 34990 Condo Market Report June 2015

July 2015 Pinecrest Lakes Housing Market Report

07.18.15 by

July 2015 Pinecrest Lakes Housing Market Report

There are 10 actively listed homes for sale in the Pinecrest Lakes community as of July 2015.  Listing prices range from $339,990 to $639,900 for an average list price of $427,574 which equates to an average of $168.97 per sq. ft. of living area.
There are 4 homes under contract and awaiting closing. The list prices of these homes range from $339,900 to $449,900 or an average list price of $389,945 which is $148.09 per sq. ft. of living area.
In the past 12 months, 32 homes have sold in Pinecrest Lakes with sales prices ranging from $183,500 to $514,500 or an average sales price of $345,840 which is $146.50 per sq. ft. of living area.  These sales averaged 128 days on market and sold at 96% of list price.
Pinecrest Lakes Homes for Sale

The Pinecrest Lakes community of Jensen Beach FL was first developed in the late 70’s and early 80’s during a time when the Martin County Commissioners were notoriously stringent and restrictive about new developments in the area. Consequently this community has a distinctive feel and flavor. All homes are on at least a 1/2 acre lot with many on larger 1 to 2 acre lots. None of the homes are identical and all types of construction and paint schemes are allowed.

Pinecrest Lakes Homes for Sale

Pinecrest Lakes is located south of NE Jensen Beach Boulevard and just east of the new Green River parkway. Residents enjoy wide winding streets with sidewalks, street lights, underground utilities and public water. Community features include tot lots, parks, lakes and tennis courts.

Pinecrest Lakes Homes for Sale

Pinecrest Lakes is located in Martin County’s “A” rated school district. The local public elementary school, Jensen Beach Elementary School, is less than a mile away, within easy walking and biking distance for students. Students also attend Stuart Middle School in Stuart and Jensen Beach High School located approximately 1 mile northwest of the community on NE Jensen Beach Boulevard.

Pinecrest Lakes Homes for Sale

 

Pinecrest Lakes is also about 1 mile to the east of the Treasure Coast Square Mall, Martin County’s main shopping center. Residents are a short ride away from the beautiful beaches on Hutchinson Island, historic downtown Jensen Beach, Indian Riverside Park as well as numerous boat ramps and marinas that serve the vast boating resources available in Martin County.

 

Here are the currently available Pinecrest Lakes Homes for Sale in Jensen Beach, Florida

 

July 2015 Pinecrest Lakes Housing Market Report

Palm City FL 34990 Residential Market Report June 2015

07.17.15 by

Palm City FL 34990 Residential Market Report June 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for June 2015

 

For June 2015 in the 34990 Zip Code area of Palm City Florida :


There are currently 358 active listings (Decreased by 3 homes from May)

Palm City FL 34990 Residential Market Report June 2015

 163 Residential sales are pending and awaiting close or lender approval. (Decreased by 41 homes from last month)

Palm City FL 34990 Residential Market Report June 2015

128 Homes Sold in May (Increased by 28 sold homes from May)

Palm City FL 34990 Residential Market Report June 2015

After a very strong May, the Palm City FL 34990 residential real estate market came in with even more for June.  Unfortunately the inventory has dropped to a point that future pending sales have decreased and I believe the volume of future closed sales will suffer unless we get more homes available on the market.
 The current absorption rate dropped to 2.8 months from 3.6 months in May.  An extreme sellers’ market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The June 2014 numbers were:  444 active listings, 153 pending sales and 94 closed sales.  Even with a greatly reduced inventory.  Sales volume is much better for 2015.

Palm City FL 34990 Residential Market Report June 2015

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Palm City FL 34990 Residential Market Report June 2015

Stuart FL 34997 Condo Market Report June 2015

07.16.15 by

Stuart FL 34997 Condo Market Report June 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2015

 

For June 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 35 active condo listings (Down by 10 condos from May).

Stuart FL 34997 Condo Market Report June 2015

19 Condo sales are pending and awaiting close or lender approval (Decreased by 2 condos from May).

Stuart FL 34997 Condo Market Report June 2015

17 Condos Sold in June (Decreased by 5 condos from May).

Stuart FL 34997 Condo Market Report June 2015

The Stuart FL condo market for zip code 34997 continues to outperform the rest of the County in the condo market.  Though the inventory has dropped very significantly and this is reflecting on lower sales and pending sales volume.
The one month absorption rate remains the same as last month at 2 months.  Continuing as an extreme seller’s market for now, though as we get into summer I expect this extreme market to ease up a bit.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The June 2014 numbers were: 67 active listings, 28 pending sales and 15 closed sales.   The most dramatic statistic is that our current inventory of condos in the 34997 section of Stuart is just about 50% less than last year.

Stuart FL 34997 Condo Market Report June 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2015

 

 

Stuart FL 34997 Residential Market Report June 2015

07.15.15 by

Stuart FL 34997 Residential Market Report June 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for June 2015

 

There are currently 257 active listings (Decreased by 22 homes from May).

Stuart FL 34997 Residential Market Report June 2015

200 Residential sales are pending and awaiting close or lender approval (Decreased by 25 homes from May).

Stuart FL 34997 Residential Market Report June 2015

113 Homes Sold in June (Increased by 22 homes from May)

Stuart FL 34997 Residential Market Report June 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market.  Our inventory took another major drop as sales are going faster than homeowners are willing to list on the market.  Closed sales remain very strong, but the reduced inventory will soon result in a lower volume of closed sales as evidenced by the drop in pending sales.
     The current one month absorption rate dropped to 2.3  months (was 3.1 months for May).  Moving to even a stronger seller’s market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for June, were: 381 active listings, 185 pending listings and 80 closed sales.  Very strong activity this year even with a dramatic drop in inventory.
Stuart FL 34997 Residential Market Report June 2015

Search here for 34997 Zip Code of Stuart FL real estate for sale

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Stuart FL 34997 Residential Market Report June 2015

 

Stuart FL 34996 Condo Market Report June 2015

07.14.15 by

Stuart FL 34996 Condo Market Report June 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for June 2015

For June 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 102 active condo listings (Down by 1 condos last month).

Stuart FL 34996 Condo Market Report June 2015

28 Condo sales are pending and awaiting close or lender approval (Decreased by 11 condos from May).

Stuart FL 34996 Condo Market Report June 2015

26 Condos Sold in June (Decreased by 7 condos from May) 

Stuart FL 34996 Condo Market Report June 2015

The Stuart FL 34996 Condo Market continued to be very active through June.  We are seeing a small slowdown of the activity level in this very hot segment of the Stuart FL condo market.  Though, we remain in a sellers market.  I anticipate some more easing as we go into the summer and fall months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 3.9 months from May’s 3.1  months.  Still a strong sellers market but soon to turn as we go into the summer months.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for June 2014 were: 139 active listings, 33 pending sales and 17 closed sales.  Considerably stronger activity this year even though there’s a significant decrease in inventory as compared to last year.

Stuart FL 34996 Condo Market Report June 2015

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Stuart FL 34996 Condo Market Report June 2015

Stuart FL 34996 Residential Market Report June 2015

07.13.15 by

Stuart FL 34996 Residential Market Report June 2015

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for June 2015

 

For June 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 136 active listings (Down by 11 homes from May).

Stuart FL 34996 Residential Market Report June 2015

44 Residential sales are pending and awaiting close or lender approval (Up by 10 homes from May).

Stuart FL 34996 Residential Market Report June 2015

8 Homes Sold in June (Decreased by 8 homes from May).

Stuart FL 34996 Residential Market Report June 2015

The 34996 zip code area of the Stuart Florida residential real estate market continues to show some weakness.  Pending sales are quite strong, but closed sales were off for June.

The one month absorption rate for the 34996 zip code area of Stuart Florida for June jumped dramatically to 17 months as compared to May’s 9.2 months.  A pretty good buyers market fot this section of Martin County.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for June of 2014 were: 177 active listings, 38 pending sales and 15 closed sales.  Dramatically reduced inventory is contributing to a lower volume of activity for the 34996 zip code area of Stuart.

Stuart FL 34996 Residential Market Report June 2015

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Stuart FL 34996 Residential Market Report June 2015

Stuart FL 34994 Condo Market Report June 2015

07.12.15 by

Stuart FL 34994 Condo Market Report June 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for June 2015

For June 2015 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 83 active condo listings (Decreased by 8 condos from May).

Stuart FL 34994 Condo Market Report June 2015

34 Condo sales are pending and awaiting close or lender approval. (Decreased by 4 condo from last month) 

Stuart FL 34994 Condo Market Report June 2015

23 Condos Sold in June (Up by 4 condos from May).

Stuart FL 34994 Condo Market Report June 2015

The Stuart FL 34994 Condo market showed strong activity for June 2015.  Slightly less inventory and pending sales for June, while closed sales were up slightly.  This segment of the market remains quite active.

The one month absorption rate decreased to 3.6 months compared to last month’s 4.8.  Continuing as a very strong seller’s market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last June the numbers were 111 active listings, 46 pending sales, and 23 closed sales. For the 34994 zip code area of Stuart there was considerably greater activity last year.

Stuart FL 34994 Condo Market Report June 2015

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Stuart Florida Market Report ZIP Code 34994 – Condo, June 2015

Stuart Florida Market Report ZIP Code 34994 Residential June 2015

07.11.15 by

Stuart Florida Market Report ZIP Code 34994 Residential June 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for June 2015

For June, 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 64 active listings (Decreased by 8 homes from May)

Stuart Florida Market Report ZIP Code 34994 Residential June 2015

38 Residential sales are pending and awaiting close or lender approval (Decreased by 7 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential June 2015

14 Homes Sold in May (Up by 1 homes from May)

Stuart Florida Market Report ZIP Code 34994 Residential June 2015

The 34994 ZIP code area of the Stuart, Florida took a small breather last month, but is back strong for June.  Both increased pending and closed activity.  Though, the reduced inventory is troubling.

The one month absorption rate for the 34994 zip code for June decreased to 4.6 months from last months 5.5 months, back to a strong sellers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The June 2014 numbers were 71 Active Listings, 34 pending sales and 13 closed sales.  Similar activity to last year even though there’s reduced inventory.

Stuart Florida Market Report ZIP Code 34994 Residential June 2015

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Stuart Florida Market Report ZIP Code 34994 Residential June 2015