Sewalls Point in Stuart Florida

08.18.12 by

Sewalls Point in Stuart Florida

Sewalls Point, Stuart, FL
When you travel east from Stuart , you cross over the St. Lucie River via the spectacular new Evans Crary Bridge into the prestigious town of Sewalls Point in Stuart Florida.  Sewalls Point is steeped in tradition and has a small, exclusive shopping center offering excellent restaurants, banking, fine arts, antiques, and numerous clothing stores for your shopping pleasure.
Town Hall, Sewalls Point
Sewalls Point Real Estate is well known for its unique fine housing, offering properties from $250,000 to over 10 million. Because Sewalls Point is a long, narrow peninsula almost completely surrounded by broad rivers, it boasts over 7 miles of beautiful waterfront homes! This provides glorious sunrise and sunset water views, plus quick access to the inlet to the Atlantic, just 2 miles from south Sewalls Point. Come visit us in Sewalls Point!
Most homes in Sewalls Point have no HOA fees, with the exception of a few planned communities.  The children of Sewalls Point attend ‘A’ rated Martin County schools, and as of this writing, they are: Felix Williams elementary, Stuart middle and Jensen Beach high.
Currently 45 homes are on the market in Sewalls Point and there are currently 11 homes under contract.  In the past 12 months, 47 homes have been sold in Sewalls Point, with an average sales price of $745,419 and $207 per square foot.

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Sewalls Point in Stuart Florida

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

08.17.12 by

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

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

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

 

There are currently 190 active condo listings (Up 5 from last month).

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17 Condo sales are pending and awaiting close or lender approval (A decrease of 10 condos from June).

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12 Condos Sold in July (Down 8 from June)

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Not a very good month for the  Stuart Florida Market Report ZIP Code 34996 for Condos  We are now in the off peak season for condos and it’s not unusual to see a lower number of pending sales and fewer closed sales for the summer and fall for this segment of Stuart, Florida real estate.  For the first time in months, we’ve also seen a small increase in inventory as well.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is just under 16 months.  Still a very strong buyers market for now.

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

Stuart Florida Market Report ZIP Code 34996 – Residential, July 2012

08.16.12 by

Stuart Florida Market Report ZIP Code 34996 – Residential, July 2012

 

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for July 2012

 

 

For July, 2011 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 166 active listings (An increase of 7 homes from June).

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28 Residential sales are pending and awaiting close or lender approval (Down 4 from June).

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11 Homes Sold in July (Up 3 from June).

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The 34996 zip code area of Stuart Florida showed a modest increase in sales for July as compared to last month while inventory saw a small increase.  Pending sales were off slightly.   We continued to have some excellent sales in the higher price brackets this month, continuing a trend from June.

The one month absorption rate for the 34996 zip code area of Stuart Florida is now 15 months, which still has plenty of room for improvement.  Abalanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

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Stuart Florida Market Report ZIP Code 34996 – Residential, July 2012

Sewalls Point Residential Market Report July 2012

08.15.12 by

Sewalls Point Residential Market Report July 2012

Sewalls Point Real Estate Snapshot, Residential Sales for July 2012

There are currently 56 active listings (a decrease of 9 homes for sale from April)

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14 Residential sales are pending and awaiting close or lender approval (A decrease of 4 from April)

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5 Homes sold in April (Down 1 from April)

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The Sewalls Point market report for July 2012 remained pretty static compared to last months numbers with the exception of one less home for sale.  Whether this is a sign of the sold listings or sellers waiting for the season to sell, remains to be seen.   One high end home sold for $2,900,000 last month and the other four sales ranged from the 300’s to the 500’s price range.  Both pending and sold numbers remain unchanged from June.

Comparing the results to July of 2011, the inventory slightly higher this year as there were 52 homes on the market last year, pending sales were 15, and no homes sold.  Considerably better numbers this year as the Sewalls Point real estate market is showing signs of a rebound.

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Sewalls Point Market Report – Residential, July 2012

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

08.14.12 by

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

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

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

 

There are currently 153 active condo listings (Up 13 condos from June).

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30 Condo sales are pending and awaiting close or lender approval. (Down 10 from last month)

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17 Condos Sold in July (Increased by 5 condos from June).

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The Stuart Condo market for zip code 34994 showed an increase in closed for July, after a disappointing June. A little bit of a surprise as we head into the historically slower season for condo sales.   Pending sales were off by 25% and also a surprise, we’ve had the first increase in inventory in quite some time.  Most sales were in the more modest categories of under $80,000.

The one month absorption rate for this market is now 9 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, July 2012

25th Annual Stuart Florida Dancin’ In The Streets!

08.13.12 by

25th Annual Stuart Florida Dancin’ In The Streets!

The 25th Annual Stuart Florida Dancin’ In The Streets! gets under way on Saturday, August 25th in downtown Stuart at 6 p.m.    Presented by  Stuart Main Street whose mission is to promote the historic downtown area of Stuart, Florida.

There will be plenty of excitement with music of all genres, along with all the food, beer, wine and spirits one could want.  Admission is $10 for adults with children under 12 admitted for free.

For 2012 the four downtown stages will host the following performances:

Alter Egos – an Eagles trib­ute band

Jimmy Buf­fet trib­ute show Live Bait

Earth­bound Mis­fits, a Pink Floyd trib­ute act

The Led Zep­pelin expe­ri­ence Ram­ble On

Livin’ on a Prayer and Never Stop Believ­ing – Bon Jovi and Jour­ney trib­ute acts

And an Elvis impersonator.

Dancin’ in the streets is sponsored by the Stu­art Main Street organization which is a 501-3 not-for-profit orga­ni­za­tion ded­i­cated to improv­ing the appear­ance and eco­nomic sta­bil­ity of His­toric Down­town Stuart.

Their mis­sion is to cre­ate and mar­ket a pos­i­tive image of His­toric Down­town Stu­art through spe­cial events, retail sales, effec­tive adver­tis­ing and pub­lic rela­tions. They often part­ner with pub­lic, pri­vate sec­tor and com­mu­nity lead­ers to develop and coor­di­nate resources to down­town Stuart’s success.

They spon­sor many pop­u­lar com­mu­nity events, such as:

  • Howard Alan Art Show
  • Spring Craft Festival
  • Star Span­gled Stuart
  • Dancin’ In The Streets
  • Fall Craft Festival
  • Christ­mas on Main Street
  • MusicFest Down­town Stuart

Stuart Main Street is part of the Florida Main Street pro­gram, which is admin­is­tered by the National Main Street Cen­ter of the National Trust for His­toric Preser­va­tion. Florida Main Street’s mis­sion is to pro­vide the tools to Florida Main Street cities to revi­tal­ize their his­toric down­town cen­ters. They use the “Main Street 4-Point Approach,” as a blue­print to work with com­mu­nity lead­ers to bring about many small but pos­i­tive improve­ments. This approach includes pro­mo­tion, design, eco­nomic restruc­tur­ing and organization

Springtree Homes in Stuart Florida

08.12.12 by

Springtree Homes in Stuart Florida

Springtree Entrance - Stuart Florida real Estate

Springtree is a beautiful small development just west of US 1 in Stuart, Florida. Conveniently located between Indian Street and Salerno Road, Springtree is close to shopping, restaurants, beaches and easy access to I-95 for commuters. This community is a wonderful family neighborhood and in the Martin County ‘A’ rated school district, with Pinewood Elementary, Stuart Middle and Martin County High.

Engle Homes completed this community between the years of 2000 and 2003. This is a gated community with a lighted lake and fountain as the centerpiece of the community.  Low HOA fees of approximately $120. month make this an affordable community.   Many homes boast wonderful private lakeside views. Springtree also has a number of preserve areas as well as a playground to keep the tots occupied.

Currently their are two homes on the market in Springtree.  One home is under contract, a short sale, which is awaiting lender approval.  And, in the past 12 months, 7 homes have sold in Springtree.

For additional Springtree community information the Homeowners Association has a website at this address:

For any questions you may have about Springtree Homes in Stuart Florida, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Springtree Homes in Stuart Florida

Jensen Beach Golf and Country Club August 2012 Update

08.11.12 by

Jensen Beach Golf and Country Club August Update

There are currently 16 homes and villas available for sale in the Jensen Beach Golf and Country Club.

8 homes are under contract awaiting the final sale, none of these are short sales and one is a foreclosure (bank owned).

In the past six months, 23 homes have sold.  Only one short sale and no bank owned (foreclosure) homes.

 The Jensen Beach Golf and Country Club in Jensen Beach Florida is one of the most desirable communities on Florida’s Treasure Coast.  There are 656 homes and home sites spread out on over 240 acres of wildlife preserve with plenty of privacy and homes from four different builders.   Homes began to be constructed in 2000 and new homes continue to be built to order, with a limited number of spec homes available from D.R. Horton and Renar Homes.  Previous builders included WCI Communities and Engle Homes.

The Jensen beach Golf and Country Club is home to the Eagle Marsh Golf Course.   This is apublic course and all are welcome to play.  Inexpensive membership plans are available along with dining facilities, a snack bar and a pro shop.  More information about the Eagle Marsh Golf Club can be found on their web site.

Homes in the Jensen Beach Golf and Country Club range from smaller 2 BR attached villas of approximately 1300 plus square feet of living area and single car garages to spacious one floor and two story pool homes of just over 2500 square feet with 3 car garages.  In addition to the facilities associated with the Eagle Marsh Golf Club, there are two community pools and an active tennis club with 6 professional courts along with a local pro and active league play.

All of these amenities come at an incredibly attractive HOA fee of around $225 per month and include landscaping, trash pickup as well as basic cable TV service.

The Jensen Beach Golf and Country Club is attractively situated only 2 miles from the Indian River (the Intracoastal Water Way) and quaint downtown Jensen Beach, only across the causeway to the public beach of Jensen beach for those wishing to take advantage of the clear waters of the Atlantic Ocean.  Less than a mile to the west is the Treasure Coast Mall and the shopping and restaurant corridor of US-1.

For those with children, the ‘A’ rated Jensen beach High School is within walking distance from the front gate of the Jensen Beach Golf and Country Club.

Here are the currently available re-sale homes in the Jensen Beach Golf and Country Club

For new home sales from either D.R. Horton or Renar Homes please call 772-323-6996 to arrange a private appointment with a new home specialist.

For any questions you may have about the Jensen Beach Golf and Country Club, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Jensen Beach Florida Real Estate

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Jensen Beach Golf and Country Club August 2012 Update

Stuart Florida Market Report ZIP Code 34994 – Residential, July 2012

08.10.12 by

Stuart Florida Market Report ZIP Code 34994 – Residential, July 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for July 2012

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

 

There are currently 62 active listings (Down 2 from June).

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53 Residential sales are pending and awaiting close or lender approval (Up 3 from June).

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16 Homes Sold in July (Up 7 home from June)

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The 34994 ZIP code area of the Stuart, Florida real estate market continues to show very positive market activity.  Sales were up, pending sales also increased and the inventory continued to decline.  With only 62 available homes for sale in this zip code are of Stuart, finding quality well priced homes is becoming difficult for buyers.

The one month absorption rate for this zip code is just under 4 months.  This would typically signify a major shift as we enter into a sellers market.  Well priced homes that are correctly presented are selling in days if not hours in this market.

 

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Stuart Florida Market Report ZIP Code 34994 – Residential, July 2012

Coming Soon: Affordable Palm City Home in Granada

08.09.12 by

Coming Soon:  Affordable Palm City Home in Granada

Granada in Palm City Florida

Soon to be on the market, an affordable Palm City Home in Granada.  A 3 Bedroom, 2 Bathroom, 2 car garage solid CBS home with a newer metal roof.  Call for details!!

Granada in Palm City Florida

The Granada subdivision of Palm City Florida is a small established community of 44 homes with the entrance off of Pine Tree Lane to Vizcaya Circle.  Homes in Granada were built in the mid to late 1980’s and consist of both frame and concrete homes.  Mostly consisting of modest sized 3 Bedroom homes in the 1,600 to 2,000 square feet of living area range.

Granada in Palm City FloridaThere is the valuable asset of a gated RV/Trailer lot that is available to residents of Granada.  Very low HOA fees of $185.00 per quarter which includes basic cable, trash pickup and maintenance of the common areas and storage lot.

Well located in Martin County’s ‘A’ rated school district (Currently assigned to Bessey Creek elementary school, Hidden Oaks middle school and Martin County high school) and close to shopping, restaurants as well as the numerous water ways of Martin County, Florida.

An affordable family neighborhood for those wishing to take advantage of the amenities that Martin County has to offer.

 

Search here for Granada Homes for Sale in Palm City Florida

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Coming Soon:  Affordable Palm City Home in Granada

Hammock Creek in Palm City Florida

08.04.12 by

Hammock Creek in Palm City Florida

Hammock Creek is a lovely gated upscale neighborhood consisting of three separate sections, The Sanctuary, The Preserve, and The Estates. The community is centered around the Hammock Creek Golf Course, a Jack Nicklaus designed course. Homes in Hammock Creek consist of one and two stories with square footage ranging from 2000 to over 5000 square feet and prices starting in the low 300’s.Most of the homes sit on generous lots with a view of either the lake, preserve, or golf course.

There are wide paver sidewalks ideal for families who enjoy biking, walking, and jogging. Close to fine shopping, nice restaurants, immediate access to I-95 and the turnpike, and A Rated Palm City schools makes Hammock Creek one of Martin County’s premier neighborhoods.

Low HOA fees ranging from approximately $260 to $390 per month depending on which section one resides .

Here are the currently available homes in Hammock Creek in Palm City Florida

For any questions you may have about Hammock Creek in Palm City Florida, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Palm City Florida Real Estate
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Hammock Creek in Palm City Florida

Westwood Country Estates in Palm City Florida

08.03.12 by

Westwood Country Estates in Palm City Florida

Westwood Country Estates is a wide open, gorgeous community that features statuesque homes that are beautifully placed on over sized lots of 1/2 acre or more, that will give you and your family plenty of room to grow!  Wonderfully landscaped throughout, Westwood Country Estates will make you feel proud to come home to.  Every home is unique and there is sure to be one you will fall in love with!

There are only 77 homes in Westwood Country Estates in Palm City Florida.  Home owner association fees are a very reasonable $250 per year.  As of August 3, 2012, only one home is available for sale in Westwood Country Estates.  In the past year, two homes have sold for an average price of  $297,500 at $117 per square foot.

Palm City is a great place to raise a family with its “A” rated schools and proximity to I-95 and Florida’s Turnpike which opens you to all the opportunities of both Martin County and it’s neighbors, just a short drive North or South!  Martin County has lots of recreational areas and opportunities to enjoy many opportunities outdoors with your family!

Westwood Country Estates Homes for Sale

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Westwood Country Estates in Palm City Florida

Sugarhill in Jensen Beach Florida

08.01.12 by

Sugarhill in Jensen Beach Florida

Sugarhill in Jensen Beach Florida is an eye pleasing high elevation neighborhood filled with upscale homes in Jensen Beach. All homes have very spacious yards that are surrounded with gorgeous Florida foliage. Most homes are timeless architectural works of beauty! Houses range from 2 to 5 bedrooms and 2 to 5 bathrooms, so whatever size you are looking for, Sugarhill is sure to have it. The neighborhood is located just minutes from all that Jensen Beach has to offer, like the beautiful stretches of beach on Hutchinson Island, the fantastic shopping at the Treasure Coast Square Mall, many restaurants you are sure to love, and our ‘A’ rated schools for all grade levels!

Sugarhill has very reasonable HOA fees of only $500.00 per year.

The current Martin County Schools for Sugar Hill are Jensen Beach Elementary School, Stuart Middle School and Jensen Beach High School

 

Here are the currently available homes in Sugarhill in Jensen Beach Florida

For any questions you may have about Sugarhill in Jensen Beach Florida, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Jensen Beach Florida Real Estate

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

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Sugarhill in Jensen Beach Florida

Martin County Florida Condo Market Report for June 2012

07.31.12 by

Martin County Florida Condo Market Report for June 2012

Commentary:

The Martin County Florida Condo Market for June 2012 continues on a positive trend. Sales for June were a strong 62 units, which is the highest number of condo sales for a June in the past few years. Ant this with an inventory of available condos now the lowest since October of 205.  On another positive note, the median sales price rose to $141,250 reflecting some higher to moderate priced condos having sold.  This is the fourth month in a row we’ve had an increase in median prices.

The inventory is now down to 572 condos, down from the 668 condos that were on the market in June of 2011. The one month absorption rate is now at 9.23 months, while the three-month average is down to 8.40 months.  While it remains a somewhat challenging market for condos in Martin County, there are some signs of life as prices across the board have declined significantly. We need to see a sustained absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.  The June numbers are showing that the condo market is coming back to life and desirable units are in fact selling.

Our outlook for the Martin County condo market is fairly positive.  Buyers can get units at attractive prices and sellers have the ability to sell their units for today’s market value.

Martin County Florida Condo Market Report for June 2012

the Gabe Sanders real estate team

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Martin County Florida Residential Market Report for June 2012

07.30.12 by

Martin County Florida Residential Market Report for June 2012

Commentary:

The Martin County Florida residential market report for June 2012 showed excellent results. The sales volume of 189 homes continues to surpass recent years.  Along with strong numbers this spring, it certainly indicates that the market is turning for the better.  If this rate of activity continues, I expect to see a strong sellers market developing.

Both average and median sales prices were down slightly from the excellent May results.  This is an indication of the mix of homes sold, rather than either a decrease or increase in home values overall.  We are seeing some segments of our market with slowly rising prices.  More specifically some of the newer homes in developments that were hardest hit in the market over the past few years.

The inventory is now down to 1154 homes, down from the 1391 homes that were on the market in June of 2011. The one month absorption rate is now at 6.11 months, while the three-month average is down to 6.36 months.  This indicates a balanced market, favoring neither seller or buyer.

One issue coming up recently is the shortage of quality inventory.  Many buyers are just not finding the homes they desire as our inventory has decreased to such low levels.  Those that need to buy will settle for something that they can make work.  For the more discretionary buyer, they continue to wait for that ‘right’ home to come on the market.

Martin County Florida Residential Market Report for June 2012

the Gabe Sanders real estate team

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

For more information, visit our website or call us at (772) 888-2885.
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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, June 2012

07.29.12 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, June 2012

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for June 2012

For June 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the May Market Snapshot data was unavailable)

There are currently 58 active listings. ( Unchanged from May)

21 Condo sales are pending and awaiting close or lender approval. (Down 4 condos from May)

6 Condo Sold (Down 2 from May)


The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market. The current inventory remains low and was unchanged from May. Pending and closed sales fell for June, possibly an indication of the slower summer season for condo sales.

Last June there were 61 active listings, 17 pending sales and 5 closed sales.  Fairly similar results last year.  We now have a lower inventory and more pending sales though.

 

Search here for Jensen Beach Real Estate for Sale

For more information, visit our website or call us at (772) 888-2885.
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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, June 2012

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

07.28.12 by

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

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

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

There are currently 30 active condo listings. (Down 3 from May)

8 Condo sales are pending and awaiting close or lender approval. Unchanged from May)

  6 Condos sold in June (A decrease of 4 condos from May)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. June showed excellent activity with 6 closed sales and a further decrease in inventory to only 30 available units. pending sales were down slightly.  I don’t expect to see any great movement in this segment of the Treasure Coast Florida condo market with such a small inventory.

Last June’s numbers were 41 active listings, 10 pending sales and 1 closed sales. With the exception of pending sales, much better numbers this year as compared to last.

 

 

Search here for Hobe Sound Florida Real Estate for Sale ( Condos)

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

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

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

07.27.12 by

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

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

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

There are currently 66 active condo listings. (Unchanged from May)

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

3 Condos Sold in June. (Up 1 from May)

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.  For June, there was fair activity for this market.  The inventory declined.  Pending sales were down from May, and there was a small increase in sales  But, with the fairly small market base, we don’t expect to see any major shifts in the market.
Last years numbers for the Palm City (34990 zip code area) Condo market were 56 active listings, 7 pending sales and 3 closed sales.  As opposed to all of our Martin County markets, inventory is higher from last year.  Sales and pending activity remains virtually unchanged.

Search here for Palm City Florida Real Estate for Sale ( Condos)

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Palm City Florida Real Estate presented by:
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Palm City Florida Market Report ZIP Code 34990 – Condo, June 2012

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

07.26.12 by

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).

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

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

A slowdown 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.

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Stuart Florida Real Estate presented by:
Gabe Sanders

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

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

07.25.12 by

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).

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

20 Condos Sold in June (Down 6 from May)

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