Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code March 2014

04.12.14 by

Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code March 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for March 2014

For February 2013 in the 34994 Zip Code area of Stuart, Florida :

There are currently 80 active listings (Increased by 3 homes from February)

35 Residential sales are pending and awaiting close or lender approval (Up by 1 home from February).

10 Homes Sold in February (Increased by 1 home from February)

After two months of decreasing closed sales in the 34994 ZIP code area of the Stuart, Florida, there was finally an increase for March, although it was only by 1 home.  Pending sales also increased by 1 home, while, the inventory also increased slightly.  As home values rise, latent demand from sellers seems to be materializing in more active listings.  There has to be enough demand to offset this increase in inventory.  With 35 pending home sales, it does look like closed sales should increase in the coming months.

The one month absorption rate for the 34994 zip code for March decreased to 8 months from last months 8.6 months. Still a buyers market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The February 2012 numbers were 67 Active Listings, 34 pending sales and 5 closed sales.   Inventory is up for this year as were closed sales compared to March of 2013.  Pending sales are very similar (and as a percentage are not as good when the inventory values are factored in).

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Stuart Florida Market Report ZIP Code 34994 Residential March 2014

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code March 2014

04.11.14 by

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code March 2014

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for March 2014

For March 2014 in the 34996 Zip Code area of Stuart, Florida :

There are currently 150 active condo listings (Down by 21 condos from last month).

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code March 2014

 

 55 Condo sales are pending and awaiting close or lender approval (Increased by 3 condos from February).

 Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code March 2014

 

34 Condos Sold in March (Increased by 4 condos from February) 

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code March 2014

 For the Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code March 2014, showed continued good activity.   Pending and closed sales increased, though only slightly.  Troubling is the fact that the inventory took a sizable drop for march, significantly reducing the available choices for prospective buyers.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 4.4 months from February’s 5.7 .  This is now a strong sellers market and prices are in fact rising due to the competition for the relatively few available condos on the market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for March 2012 were: 189 active listings, 59 pending sales and 44 closed sales.  The percentage of activity is very similar to last year when the reduced inventory is factored into the equation. 

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code March 2014

 

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Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code March 2014

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code March 2014

04.10.14 by

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code March 2014

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for March 2014

 

For March 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 162 active listings (Increased by 10 homes from February).

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code March 2014

 

 47 Residential sales are pending and awaiting close or lender approval (Increased by 7 homes from February).

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code March 2014

15 Homes Sold in March (Increased by 9 homes from February).

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code March 2014

2014 has started out as a bit of a see saw ride for the 34996 zip code area of the Stuart Florida residential real estate market, After a strong January, then a very weak February, March saw some gains coming back into the market.  All indexes measured moved up this past month.

The one month absorption rate for the 34996 zip code area of Stuart Florida for March decreased to 10.8 months as compared to February’s 25.2 months.  Still a buyers market for the 34996 zip code area of Stuart, though considerably better than last month.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for March of 2012 were: 175 active listings, 55 pending sales and 14 closed sales.   This area still has a lower inventory than last year (which is becoming the exception for Martin County).  Even with that considered, very slightly stronger activity this year.

 Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code March 2014

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Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code March 2014

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code March 2014

04.09.14 by

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code March 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2014

 

For March 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 90 active condo listings (Down by 1 condo from February).

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code March 2014

45 Condo sales are pending and awaiting close or lender approval (Up by 8 condos from February).

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code March 2014

10 Condos Sold in March (Increased by 1 condo from February).

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code March 2014

After two consecutive months of decreasing closed sales, there was a small increase in March for the Stuart FL condo market for zip code 34997.  Inventory dropped by 1 unit, basically remaining unchanged.  Pending sales were up nicely by 8 condos, making a good possibility for future closed sales.

The one month absorption rate decreased to 9 months from last months 10.1.  Better, but still a buyers market for condo sales in the 34997 zip code area of Stuart.   A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.  

The March 2012 numbers were: 103 active listings, 39 pending sales and 16 closed sales.   Closed sales were considerably better last year, but the greater number of pending sales might indicate better closed activity coming in the near future.

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code March 2014

 
 
 

 

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2014

 

 

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code March 2014

04.08.14 by

Stuart Florida Homes for Sale and Sold Report 34997 ZIP code March 2014

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for March 2014

 

There are currently 416 active listings (Decreased by 7 home from February).

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code March 2014

192 Residential sales are pending and awaiting close or lender approval (A increase of 8 homes from February).

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code March 2014

78 Homes Sold in March (Increased by 15 homes from February)

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code March 2014

The Stuart Florida Market for ZIP Code 34997 continues to show much improved activity after a slow start to the year.  Inventory remained fairly stable (actually a small decrease in the past two months) while both the pending and closed numbers showed increases for the second month in a row.
 
The current one month absorption rate rose to 5.3  months (was 6.7 months for February).   Now a sellers 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 2013 numbers for March, were: 344 active listings, 220 pending listings and 82 closed sales.  Inventory is considerably higher this year, as were the closed sales.  Though, last years pending sales were stronger, and with less available homes.
Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code March 2014 
 
 
 

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Stuart Florida Homes for Sale and Sold Report 34997 zip code March 2014

Sewalls Point Homes for Sale and Sold Report March 2014

04.07.14 by

Sewalls Point Homes for Sale and Sold Report March 2014

Sewalls Point Real Estate Snapshot, Residential Sales for March 2014

 

There are currently 61 active listings (an increase of 1 home for sale from February)

Sewalls Point Homes for Sale and Sold Report March 2014

 17 Residential sales are pending and awaiting close or lender approval (Up by 6 homes from last month)

Sewalls Point Homes for Sale and Sold Report March 2014

4 Homes sold in February (Up by 3 homes from February)

Sewalls Point Homes for Sale and Sold Report March 2014

After a very slow February, the Sewalls Point market activity for March 2014 is showing some good improvement.   While we had only 4 closed sales, it’s still much better than the single closed sale for February. Additionally, with 17 pending sales, it appears that closed sales should do much better in the coming months.  Active inventory rose by only 1 home.

The absorption rate is currently 15.3 months compared to last months 60 months, a nice improvement, but still plenty of room for improvement.  It’s been a strong buyers market for Sewalls Point in the past 2 months.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to March 2013, the inventory was 57 homes on the market, 15 pending sales and there were 5 closed sales.  Marginally better activity last year.

Sewalls Point Homes for Sale and Sold Report March 2014 

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February 2014 Monthly Market Detail St Lucie County Townhouses and Condos

04.04.14 by

February 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The February 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors once again showed some disappointing results after a good start to the year in January.  Year to year closed sales were down by 8.2% (was up by 12.3% in January) while new sales under contract (new pending sales) decreased by 28.2% (was  down by 9.1% in January).  This decreased volume is concerning.  Most of it, I suspect, is from the rapid price increases this past year, though with this month, this appears to be easing as well.

The median sales price up by 15% (up 4.3% in January) and the average sales price dropped by 14.4% (was up by an impressive 45.2% in January).

The inventory of available townhouses and condos decreased by 10 units from last month to 901 units which is still down by 8.1% from last February.  Current supply of inventory remained unchanged from last month to 9.4 months (still an 4.6% decrease from last year).   This is a buyers market at present and the lower prices will most likely continue until inventory and closed sales pick up.

Monthly Market Detail - February 2014 St. Lucie County Townhouses and Condos

 Click here to view or download the full report: 
February 2014 Monthly Market Detail St Lucie County 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.

February 2014 Monthly Market Detail St Lucie County Townhouses and Condos

February 2014 Monthly Market Detail St Lucie County Single Family Homes

04.03.14 by

February 2014 Monthly Market Detail St Lucie County Single Family Homes

February 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors closed out 2013 continues to show good closed activity, though there is reduced pending numbers, which could signal a bit more of a slow down.  Closed sales from last year were up by 14,1% (in January they were up by 4.8%) and new sales under contract (new pending sales) decreased by 14.8% (they were down by 12.9% last month).

Both median and average sales prices were up (year to year) by 10.9% and 13% respectively from last February (For last month these figures were 9.5% and 14.1%). 

The inventory of active listings rose in February (from last month) by 115 homes to 2362, which is also an increase of 22.3% from last year.  Current supply of inventory is only 5.4 months (a 22.3% increase from last year).   With the large increases in inventory from last year, price appreciation will slow some, which will help to continue a strong sales volume for the saint Lucie County single family market.

Monthly Market Detail - February 2014 St. Lucie County Single Family Homes

Click here to view or download the full report:  February 2014 Monthly Market Detail St Lucie 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.

February 2014 Monthly Market Detail St Lucie County Single Family Homes

February 2014 Monthly Market Detail Martin County Townhouses and Condos

04.02.14 by

February 2014 Monthly Market Detail Martin County Townhouses and Condos

February 2014 Monthly Market Detail Martin County Townhouses and Condos report showed some disappointing results as to volume of activity, though prices continued to soar.  Year to year closed sales were down by 1% (was up by 4.3% in January) while new sales under contract (new pending sales) decreased by 27% (was down 20.9% in January).

The median sales price increased by 17.6% (was up by 15.2% in January) while the average sales price increased by 20.6% (was up 15.2% in January) as compared to February of 2013.  These large price increases are most likely responsible for the drop in volume as many buyers are simply being priced out of the market.

 The inventory of available townhouses and condos has decreased by 3 to 635 units from last month which is 15% less inventory than was available in February of 2013.  With values going up as much as they have, I would have expected higher inventory levels.  The current supply of inventory is 6.4 months (a 24.4% decrease from last year).

 Click here to view or download the full report:  February 2014 Monthly Market Detail Martin County 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.

February 2014 Monthly Market Detail Martin County Townhouses and Condos

February 2014 Monthly Market Detail Martin County Single Family Homes

04.01.14 by

February 2014 Monthly Market Detail Martin County Single Family Homes

The February 2014 Monthly Market Detail Martin County Single Family Homes continues with mostly positive news, though at a considerably reduced rate of appreciation and volume.  New pending sales were off by 30.4% as compared to February of 2013 (decreased by 18.8% in January).  The reduced number of pending sales are an possible indication of slower closed volume in the coming months. Year to year closed sales were up by 10.8% (was up 29.9% in January).

The median sales price was up by 5.7% from last year (up by 24.7% in January) while the average price dropped by 18.3% (was down by 8.5% last month).  The slowing rate of appreciation will help future sales as the fairly dramatic increases of last year simply priced to many buyers out of the market.

The inventory of available single family homes increased from January 2014 to 1,368 units this month, and this is a 10.3% increase from last February.  Current supply of inventory is only 7 months (a 9.6% decrease from last year).  If this trend continues we’ll be back into a buyers market in Martin County for single family homes next month.  Though indications of activity for March seem to be fairly positive.

Monthly Market Detail - February 2014 Martin County Single Family Homes

Click here to view or download the full report:  February 2014 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.

February 2014 Monthly Market Detail Martin County Single Family Homes

February 2014 Monthly Market Detail Florida Townhouses and Condos

03.31.14 by

February 2014 Monthly Market Detail Florida Townhouses and Condos

For the February 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida activity slowed considerably as compared to last year.  Hopefully, this is just a one month issue.   Year to year closed sales were down by 6.8% as compared to last months increase of 9.3% and new sales under contract (new pending sales) decreased by 14.5% (January’s decrease was 6%). 

Both median and average sales prices were up (year to year) by 15.2% and 13.9% respectively (in January it was 17% and 21%).  I suspect that these very strong price gains are what is now slowing the sales activity as many buyers are simply being priced out of the market.

Inventory rose for the fourth month in a row, by 3.7%.  The rising inventory should produce some pressure to moderate the price increases.  This should help regain the momentum of sales.

Monthly Market Detail - February 2014 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:  February 2014 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.

February 2014 Monthly Market Detail Florida Townhouses and Condos

February 2014 Monthly Market Detail Florida Single Family Homes

03.30.14 by

February 2014 Monthly Market Detail Florida Single Family Homes

The February 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed some moderating activity for the state.    Year to year closed sales were up, but only by 1.5% (was up by 10.2% in January) and new sales under contract (new pending sales) decreased by 5.5% (was up by 0.7% in January).

Both median and average sales prices were up ( February 2013 to February 2014) by 10% and 11% respectively, compared to January’s 12.1% and 19.9%.   While still very positive numbers, the rate of appreciation appears to be slowing.

The inventory of available homes for sale increased by 13% from last year.  This is now the fifth month of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  I suspect that the reduced rate of increasing values and home sales are a direct result of the increasing inventory.  Currently, there are just not enough buyers to absorb this increase fully.

Florida Single Family Feb 2014

Click here to view or download the full report:
February 2014 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.

February 2014 Monthly Market Detail Florida Single Family Homes

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code February 2014

03.29.14 by

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code February 2014

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for February 2014

 

For January 2013 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 23 active condo listings. (Up by 1 condo from January)

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code February 2014

3 Condo sales are pending and awaiting close or lender approval. (Decreased by 1 condo from January)

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code February 2014

3 Condos sold in January (Increased by 2 condos from January)

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code February 2014

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  February 2014 market activity saw an increase in closed sales along with a decrease in pending sales.  Inventory rose by 1 condo.

The current absorption rate with only one sale is 7.6 months (Last month it was 22 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 may not indicate a true trend in the market.

The February 2013 numbers were:  18 active listings, 9 pending sales and 4 closed sales.   Unfortunately, for the past few months, the Hobe Sound condo market has been under-performing as compared to last year.

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code February 2014
 

 

 

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Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code February 2014

 

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code February 2014

03.28.14 by

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code February 2014

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for February 2014

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

 

There are currently 289 active listings. (Up by 2 homes from January)

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code February 2014

98 Residential sales are pending and awaiting close  (Increased by 21 homes from January)

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code February 2014
 

26 Homes Sold in February (Down by 17 homes from last month)

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code February 2014

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County for February had a disappointing decrease in closed sales, though all other indications are positive for the future.  Especially a good increase in pending sales.  The inventory remained basically unchanged.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 11.1 months (6.8 months in January).  Slipping back into a buyers market (though I believe this is just temporary).  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for February 2013 were:  244 active listings, 109 pending sales and 28 closed sales.  Interestingly with a sizable increase in inventory for 2014, numbers are very similar to last year.  This is an indication of a somewhat weaker market activity for this year.

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code February 2014 

 

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Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code February 2014

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code February 2014

03.27.14 by

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code February 2014

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for February 2014

 

For February 2014 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 27 active listings. (Decreased by 7 condos from January)

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code February 2014

20 Condo sales are pending and awaiting close or lender approval. (Up by 1 condos from January)

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code February 2014

 

6 Condos Sold (Up by 2 condos from January)

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code February 2014
The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  After 4 months of slowly increasing inventory, inventory declined for the last two months.   For as small a segment as this is, activity for February was quite strong with good pending and closed sale numbers.

The one month absorption rate for the February 2014, Jensen Beach Florida Market Report ZIP Code 34957 dropped to 4.5  months (8.5 months in January), back into a sellers market.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The February 2012 numbers were: 60 active listings, 31 pending sales and 9 condos closed.   The most striking comparison to last year is the available inventory is less than half of what it was last year.  With that in mind, the relative activity is quite strong.
Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code February 2014

 

 

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Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code February 2014

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code February 2014

03.26.14 by

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code February 2014

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for February 2014

 For February 2014 in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 144 active listings. (Decreased by 5 homes from last month)

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code February 2014

 

82 Residential sales are pending and awaiting close or lender approval. (Up by 12 homes from January)Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code February 2014



 26 Homes Sold (Decreased by 7 homes from January)

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code February 2014

The February 2014 Jensen Beach residential real estate market, zip code 34957 showed good gains in activity for both pending and closed sales.   Inventory took a slight drop, but this is more a result of active listings going under contract rather than a real decrease.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 5.5  months (7.5 months in January).  Once again, back into a sellers market in Jensen Beach.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The February 2012 numbers were: 103 active listings, 87 pending sales and 17 home sales closed.   Compared to 2013, the Jensen beach single family market is performing better.
Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code February 2014 
 
 

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Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code February 2014

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

03.25.14 by

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for February 2014

 

For February 2014 in the 34990 Zip Code area of Palm City, Florida :



There are currently 63 active condo listings. (Up by 5 condos from January)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

6 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from last month)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

6 Condos Sold in February. (Up by 4 condos from January)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

An improving market for the condo segment of the Palm City FL real estate market for zip code 34990. All activity moved in a positive direction in February.  But please keep in mind that this is a very small segment of the Palm City market as this area is primarily single family homes.  Trends are good to watch but a meaningful interpretation from monthly swings in values is difficult to determine.

The current absorption rate for condos in the 34990 zip code area dropped to 10.5 months (was 29 months in January).   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 February 2012 numbers were: 69 active listings, 7 pending sales and 4 closed sales.   Very similar activity as compared to last year.
Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

 

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Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code February 2014

03.24.14 by

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code February 2014

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for February 2014

 

For January 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 472active listings (An increase of 25 homes from January)

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code February 2014

 131 Residential sales are pending and awaiting close or lender approval. (Increased by 14 homes from last month)

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code February 2014

 

49 Homes Sold in January (Decreased by 12 homes from January)

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code February 2014

After an exceptionally strong 2013 the Palm City home market (zip code 34990) has now a second fairly weak market activity compared to the past year.  Closed sales were off for the second month in a row.  Pending sales did increase, but is not keeping up with the strong growth in inventory.  The added inventory along with the decrease in sales will be exerting some price pressures on this market if sales don’t pick up.
 
The current absorption rate increased to 9.6 months from 7.2 months in October, putting the Palm City residential real estate market into a buyers market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The January 2012 numbers were:  408 active listings, 201 pending sales and 34 closed sales.  Unfortunately, the Palm City market is not showing good signs.  Closed sales are up, but future activity looks uncertain with the considerable decrease in future sales.Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code February 2014

 

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Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code February 2014

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code February 2014

03.23.14 by

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code February 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2014

 

For February 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 91 active condo listings (Down by 13 condos from January). Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code February 2014

 

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

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code February 2014

 

9 Condos Sold in February (Decreased by 2 condos from January).

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code February 2014

A second month in a row with a small drop in closed sales for the Stuart FL condo market for zip code 34997.  Inventory retreated from last months gain and a sizable increase in pending sales, which will hopefully show stronger closed sales in the coming months.

The one month absorption rate increased to 10.1 months from last months 9.5.  Remaining in a buyers market.   A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.  

The February 2012 numbers were: 102 active listings, 36 pending sales and 8 closed sales.   Very similar numbers to the February 2013 market activity.

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code February 2014

 
 
 

 

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2014

 

 

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code February 2014

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Stuart Florida Homes for Sale and Sold Report 34997 ZIP code February 2014

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for February 2014

 

There are currently 423 active listings (Decreased by 1 home from January).

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code February 2014

184 Residential sales are pending and awaiting close or lender approval (A increase of 35 homes from January).Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code February 2014

63 Homes Sold in February (Increased by 12 homes from January)Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code February 2014

The Stuart Florida Market for ZIP Code 34997 improved considerably from a somewhat poor start in January.  Inventory remained stable while both the pending and closed numbers showed excellent gains.
 
The current one month absorption rate rose to 6.7  months (was 8.3 months for January).   Back to a balanced market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.  
 
The 2013 numbers for February, were: 332 active listings, 243 pending listings and 47 closed sales.  Discounting pending sales, marginally better closed activity this year, though the inventory is considerably higher as well.  We still have strong pending numbers, but not as good as last year.  The increase in inventory appears to have exceeded the demand in the 34997 zip code area for residential sales, at least for the month of February.
 Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code February 2014
 
 
 

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Stuart Florida Homes for Sale and Sold Report 34997 zip code February 2014