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Stuart Florida Market Report ZIP Code 34994 Residential February 2016

Stuart Florida Market Report ZIP Code 34994 Residential February 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for February 2016

For February, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 69 active listings (Up by 10 homes from January)

Stuart Florida Market Report ZIP Code 34994 Residential February 2016

24 Residential sales are pending and awaiting close or lender approval (Increased by 10 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential February 2016

13 Homes Sold in January (Up by 3 homes from January)

Stuart Florida Market Report ZIP Code 34994 Residential February 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a weaker month to begin the new year after a very strong finish to 2016.

The one month absorption rate for the 34994 zip code for February dropped to 5.3 months from 5.9 months for January.  Back into a sellers market for the 34994 zip code area of Stuart, FL.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The February 2014 numbers were 89 Active Listings, 33 pending sales and 11 closed sales.   Considerably better activity this year with a much reduced inventory.

Stuart Florida Market Report ZIP Code 34994 Residential February 2016

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential February 2016

Sewalls Point Single Family Market Report February 2016

Sewalls Point Single Family Market Report February 2016

Sewalls Point Real Estate Snapshot, Residential Sales for February 2016

 

There are currently 56 active listings (Down by 1 homes since last month)

Sewalls Point Single Family Market Report February 2016

12 home sales are pending and awaiting close or lender approval (Decreased by 3 homes from January)

Sewalls Point Single Family Market Report February 2016

6 Homes sold in February (Up by 2 sales from January)

Sewalls Point Single Family Market Report February 2016

The single family real estate market in Sewalls Point showed better closed numbers for February.  Though, there’s still room for improvement.  We are seeing some fairly steady sales in the higher price ranges in Sewalls Point which is a good sign.

The current absorption rate dropped to 9.3 months, in January it was 14.25 months. Still a buyers market for Sewalls Point.  Though, if the trend for improving sales continue, this may soon come to an end.  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 February of 2014, the inventory was 68 homes on the market, 8 pending sales and there were 3 closed sales.  Much improved activity when compared to last February.

Sewalls Point Single Family Market Report February 2016

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Sewalls Point Single Family Market Report February 2016

 

Sugar Hill Jensen Beach March 2016 Market Report

Sugar Hill Jensen Beach March 2016 Market Report

As of March 2016, there are 3 homes on the market in Sugar Hill in Jensen Beach, FL.  Listing prices range from $369,000 to $550,000 for an average list price of $464,6566 which equates to $172.47 per sq. ft. of living area.

There is one Sugar Hill home under contract and awaiting settlement.  The list price was $500,000 or $173.85 per sq. ft. of living area.  This home was on the market for 225 days before accepting the current offer.

There have been 8 homes sold in the past 12 months in Sugar Hill.  Sales prices ranged from $305,000 to $634,000 for an average sales price of $446,422 which equals $146.24 per sq. ft. of living area and averaged 96% of list price. The average days on market for these homes was 159 days prior to going under contract.

Sugar Hill in Jensen Beach Florida

Sugar Hill in Jensen Beach 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!

Sugar Hill in Jensen Beach FloridaSugarhill has very reasonable HOA fees of only $500.00 per year.

Sugar Hill in Jensen Beach Florida

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

Sugar Hill in Jensen Beach Florida

 

Here are the currently available homes in Sugar Hill in Jensen Beach

 

For any questions you may have about March 2016 Market Report for Sugar Hill in Jensen Beach, please call the Gabe Sanders BlueWater Realty team at 772-323-6996 or Contact Us Here

Jensen Beach Florida Real Estate

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

Sugar Hill Jensen Beach March 2016 Market Report

Bayview Condos Indian River Plantation March 2016 Market Report

Bayview Condos in Indian River Plantation

For March 2016, there is only one listing in Bayview.  This condo is listed for $439,000 or $319.51 per sq. ft. of living area.

There are no condos under contract and awaiting settlement.

In the past 12 months, 8 condos have sold in Bayview with sales prices ranging from $282,500 to $475,000.  The average sales price was $351,250 which equals a $217.21 price per sq. ft. of living area.  Sales averaged a 93% list to sales price ratio with these condos staying on the market for an average of 155 days prior to accepting the last offer.

Bayview in Indian River Plantation

Bayview in Indian River Plantation is one of the newer condominium complexes on Hutchinson Island in Stuart Florida.  Bayview is a gated sub-complex of the Indian River Plantation Marriott Resort and consists of 4 semi-circular buildings totaling 129 3 bedroom, 3 bathroom and 2 bedroom, 2 bathroom condos.  Living space ranges from 2,105 sq. ft. to 1,204 sq. ft.

 Bayview Condos in Indian River PlantationBayview Condos in Indian River Plantation

Most units have sweeping views of the Intracoastal Waterway also known as the Indian River.   Great location only minutes away from the Saint Lucie Inlet.  For boaters, there’s a full service Marina located on the grounds of the Indian River Plantation with slips available for lease.

Bayview Condos in Indian River Plantation Bayview Condos in Indian River Plantation

Bayview has a private heated pool and spa overlooking a lake as well as lovely manicured grounds for picnics or just a stroll by the water.  There’s also covered parking for all residents.

Bayview Condos in Indian River Plantation

Unit owners have the option of joining the Marriott Beach Club which allows access to an 18 hole golf course, another community pool and fitness center, professional tennis club and courts as well as access to a private beach resort on the shores of the Atlantic Ocean.

Association fees were in the neighborhood of $380 to $400 per month as of March 2016.  Fees include use of all Bayview facilities as well as exterior maintenance and upkeep and insurance.  Water, Sewer and basic cable TV service is also included.

Additional Indian River Plantation Condos you may wish to consider: 
Beachwalk  Dunes Club  Fairway Villas  Inlet Village  Lakeside  Ocean House  Ocean Terrace  Plantation Club Villas  Plantation House  Resort Villas  River Village  Riverbend  Riverwood  Tennis Villas

Lost Lake Hobe Sound March 2016 Market Report

Lost Lake Hobe Sound March 2016 Market Report

There are currently 6 homes available for sale in Lost Lake.  List prices range from $249,900 to $577,500 for an average of $353,383 which is $173.78 per sq. ft. of living area.

There are 5 homes under contract and awaiting settlement.  List prices range from $229,500 to $549,000 for an average of $391,100 or $182.55 per sq. ft. of living area.  These homes averaged 62 days on the market before accepting their offers.

In the past 12 months, 41 homes have sold in this community.  Sales prices ranged from $222,500 to $570,000 for an average sales price of $293,473 or $159.61 per sq. ft. of living area.  Sales averaged at 97% of list price and these homes went under contract in an average of 44 days.

Lost Lake Golf Club Homes in Hobe Sound

18 holes of golf, a great club house, along with statuesque homes filling the beautifully landscaped streets, ideal views of open fields and small lakes in a peaceful neighborhood; Lost Lake could be your dream neighborhood in Hobe Sound.

Lost Lake Golf Club Homes in Hobe Sound

Located just west of US-1 in Martin County, Lost Lake sits in a peaceful area close to shopping in Hobe Sound, Stuart and only a few minutes further to Jupiter.  Lost Lake is located very close to the mariner’s destination known as Peck Lake, great for weekends out on the boat!  Just minutes to the beaches as well.  Lost Lake can be the location for your dream home tomorrow!

Lost Lake Golf Club Homes in Hobe Sound

There are 600 homes in the Lost lake community.  Three gated entries control entrance into this subdivision.  Homes were first built in 1992 and the last ones were completed in 1999.  Home sizes range from 4 Bedroom, 3 Bathroom with over 3,000 sq. ft. of living area down to attached villas with 2 Bedrooms, 2 Bathrooms and 1,399 sq. ft. of living area.  Golf course membership is not mandatory and there are very reasonable HOA fees that vary depending on the location and sub-community.  ($110 to $190 per month)

Lost Lake Golf Club Homes in Hobe Sound

Please call us for more information as well as a tour of the facilities and homes.

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Gull Harbor February 2016 Market Report

Gull Harbor February 2016 Market Report

There are currently 3 homes for sale in Gull Harbor.  List prices range from $524,900 to $999,900 for an average of $799,705 or $345.17 per sq. ft. of living area.

Currently, there are no homes under contract in this community.

In the past 12 months, there have been three sales in Gull Harbor.  Sales prices ranged from $725,000 to $1,100,000 which equals $298.03 per sq. ft. of living area.  These sales averaged out to 92% of the last list price and went under contract in an average of 170 days.

About Gull Harbor Real Estate in Palm City FL

The Gull Harbor community of Palm City consists of mostly waterfront homes on the shores of the South Fork of the Saint Lucie River as well as an exceptionally wide and deep canal off the river.  This is a non-gated neighborhood with 43 homes and no HOA or deed restrictions.  Of these 43 homes, only 4 do not have access to a dock in their backyards.

The first home built in Gull Harbor was in 1961 and the last was completed in 2014.  There is one residential lot left in Gull Harbor that has not been built upon.  Homes range in size from as small as just over 1,300 sq. ft. of living area with 3 bedrooms and 2 bathrooms up to a 5 bedroom, 3 bathroom home with just under 5,000 sq. ft. of space for living area.

Gull Harbor real estate in Palm City FL

Children attend Bessey Creek Elementary, Hidden Oak Middle and Martin County High Schools.  All of which are considered to be excellent schools in Florida.

Gull Harbor real estate in Palm City FL

Gull Harbor lies just east of Mapp Rd (North of Martin Downs Blvd), see the map below.  Very convenient location with easy access to downtown Stuart, FL or Florida’s Turnpike for commuters and with many choices for shopping, entertainment and other amenities close by.

Click on this link to search for available Gull Harbor Homes for Sale

Hobe Sound FL 33455 Condo Market Report January 2016

Hobe Sound FL 33455 Condo Market Report January 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for January 2016

For January 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 6 active condo listings. (Increased by 2 condos from December)

Hobe Sound FL 33455 Condo Market Report January 2016

2 Condos are pending and awaiting close. (Up by 1 condos from December)

Hobe Sound FL 33455 Condo Market Report January 2016

No Condos sold in December (Down 1 condos from December)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  2016 began with a whimper for Hobe Sound condos with no sales.  We did have small improvements in both the inventory and pending sales.

No possible absorption rate number for this month with zero sales, for December of 2015 it was 4 months.  Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that may 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 January 2015 numbers were: 17 active listings, 3 pending sales and 3 closed sales.  Much better activity last year with considerably more inventory to work with.

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Hobe Sound FL 33455 Condo Market Report January 2016

Hobe Sound FL 33455 Residential Market Report January 2016

Hobe Sound FL 33455 Residential Market Report January 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for January 2016

  For January 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 212 active listings. (Up by 25 homes from December)

Hobe Sound FL 33455 Residential Market Report January 2016

76 Residential sales are pending and awaiting close  (Up by 15 homes from December)

Hobe Sound FL 33455 Residential Market Report January 2016

35 Homes Sold in January (Down by 5 homes from last month)

Hobe Sound FL 33455 Residential Market Report January 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to show mostly positive and strong results with a nice increase in inventory (second month in a row) as well as a healthy increase in pending sales.  Unfortunately closed sales were slightly down for the beginning of the new year.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 6.1 months (4.7 months in December).  Back into a balanced market for January after last months sellers market, which is where I expect it will be again next month.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for January 2014 were:  249 active listings, 79 pending sales and 46 closed sales. Slightly better numbers for the beginning of last year, but with reduced inventory this year the percentages are actually superior for the current month.

Hobe Sound FL 33455 Residential Market Report January 2016

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Hobe Sound FL 33455 Residential Market Report January 2016

Jensen Beach FL 34957 Condo Market Report January 2016

Jensen Beach FL 34957 Condo Market Report January 2016

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for January 2016

For January 2016 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 39 active listings. (Increased by 2 condos from December)

Jensen Beach FL 34957 Condo Market Report January 2016

19 Condo sales are pending and awaiting settlement. (Increased by 7 condos from December)

Jensen Beach FL 34957 Condo Market Report January 2016

6 Condos Sold (Decreased by 5 condos from December)

Jensen Beach FL 34957 Condo Market Report January 2016

 The Jensen Beach FL 34957 Condo Market Report January 2016 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  Sales were off for the first month of 2016 while both the inventory and pending sales showed improvement.

The one month absorption rate for the January 2016, Jensen Beach Florida Market Report ZIP Code 34957 increased to 6.5  months (from 5.3 months in December), bringing this segment of the Martin County condo market back into a balanced market again, after one month as a sellers market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The January 2015 numbers were: 40 active listings, 19 pending sales and 9 condos closed.  Other than fewer closed sales for this year, identical numbers from 2015.

Jensen Beach FL 34957 Condo Market Report January 2016

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Jensen Beach FL 34957 Condo Market Report January 2016

Jensen Beach FL 34957 Residential Market Report January 2016

Jensen Beach FL 34957 Residential Market Report January 2016

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for January 2016

 For January 2016 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 137 active listings. (Up by 16 homes from last month)

Jensen Beach FL 34957 Residential Market Report January 2016

60 Residential sales are pending and awaiting close or lender approval. (Down by 8 homes from December)

Jensen Beach FL 34957 Residential Market Report January 2016

30 Homes Sold (Increased by 2 homes from December)

Jensen Beach FL 34957 Residential Market Report January 2016

The Jensen Beach FL 34957 Residential Market had a welcome rise in inventory to begin the new year.  Unfortunately, pending sales were off slightly while the number of closed sales was just 2 homes higher than the end of 2015.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 4.6 months (was 4.3 months in December).  Remaining in a sellers market.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The January 2015 numbers were: 153 active listings, 65 pending sales and 28 home sales closed.   When factoring in the lower inventory for this year, market activity by percentage was better for 2016.
Jensen Beach FL 34957 Residential Market Report January 2016

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Jensen Beach FL 34957 Residential Market Report January 2016

Four Winds on the River Condo February 2016 Market Report

Four Winds on the River Condo February 2016 Market Report

There is only one condo currently available for sale in Four Winds on the River in Stuart FL.  This condo is listed for $229,000 or $168.51 per sq. ft. of living area.

There are no condos currently under contract.

In the past 12 months, 4 condos have sold in Four Winds.  Sales prices ranged from $165,000 to $215,000 for an average sales price of $185,000 which equals $136.80 per sq. ft. of living area.  These condos sold for an average of 93% of the last listed price and averaged 115 days on market prior to accepting these offers.

A wonderful small condo community on the shores of the wide Saint Lucie River in Stuart, FL, Four Winds on the River was built in 1981 and has seen some major updates and upgrades in recent years.  Only 39 units with the availability of two guest suites if needed by residents.  All of these condos are 2 BR with the exception of 1 one bedroom unit.  Sizes are very generous from 1,900 to 1,350 sq. ft. of living area.

Four Winds on the River real estate Four Winds on the River real estate

There are ocean access docks suitable for up to a 50′ vessel available for lease.  A large riverfront clubhouse with kitchen and ample common areas for events, get-togethers or large parties.  Two tennis courts and a heated swimming pool.  Four Winds on the River has covered car ports for each condo along with ample guest parking.  This is a gated community and the common areas are shared with the small and exclusive community of Snug Harbor West.

Four Winds on the River real estate

The location is exceptional as it is only minutes to the beaches, shopping, medical facilities and downtown Stuart.

Four Winds on the River real estate

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Palm City FL 34990 Condo Market Report January 2016

Palm City FL 34990 Condo Market Report January 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for January 2016

 

For January 2016 in the 34990 Zip Code area of Palm City, Florida :



There are currently 64 active condo listings. (Increased by 12 condos from December)

   Palm City FL 34990 Condo Market Report January 2016

9 Condo sales are pending and awaiting close or lender approval. (No change in pending condos from last month)

Palm City FL 34990 Condo Market Report January 2016

2 Condos Sold in January. (Down by 2 condos from December)

Palm City FL 34990 Condo Market Report January 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  To begin 2016, this segment of the market had a nice increase in inventory, unfortunately a decrease in closed sales and no increase in pending sales.

The current absorption rate for condos in the 34990 zip code area is an atrocious 34 months (was 13 months in January).   A very serious buyers market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The January 2015 numbers were: 59 active listings, 12 pending sales and 3 closed sales.   Interestingly the inventory for 2016 is now higher than it was for the first month of 2015.  One of the only segments of our market that has this.  Unfortunately, activity is weaker this year as well.
Palm City FL 34990 Condo Market Report January 2016

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Palm City FL 34990 Condo Market Report January 2016

Palm City FL 34990 Residential Market Report January 2016

Palm City FL 34990 Residential Market Report January 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for January 2016

For January 2016 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 400 active listings (Increased by 25 homes from December)

Palm City FL 34990 Residential Market Report January 2016

 156 Residential sales are pending and awaiting close or lender approval. (Increased by 42 homes from last month)

Palm City FL 34990 Residential Market Report January 2016

49 Homes Sold in December (Decreased by 11 sold homes from December)

Palm City FL 34990 Residential Market Report January 2016

The Palm City FL, zip code 34990, residential real estate market had a strong increase in inventory as well as pending sales to begin the year.  Unfortunately sales were off as compared to last month, but I expect this to be only short term as the increase in the under contract numbers should result in more closed sales for the coming months.
 The current absorption rate increased to to 8.2 months from 6.3 months in December.  Back into a buyers 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 January 2015 numbers were:  443 active listings, 158 pending sales and 55 closed sales.  Slightly higher closed sales last year but it was with less inventory.  Pending sales are just about the same even with the lower number of available Palm City homes for sale.

Palm City FL 34990 Residential Market Report January 2016

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Palm City FL 34990 Residential Market Report January 2016

Stuart FL 34997 Condo Market Report January 2016

Stuart FL 34997 Condo Market Report January 2016

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2016

For January 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 79 active condo listings (Up by 16 condos from December).

Stuart FL 34997 Condo Market Report January 2016

29 Condo sales are pending and awaiting close or lender approval (Increased by 10 condos from December).

Stuart FL 34997 Condo Market Report January 2016

8 Condos Sold in January (Decreased by 13 condos from December).

Stuart FL 34997 Condo Market Report January 2016

     The Stuart FL condo market for zip code 34997 started off 2016 with a slow start.  While both the inventory and pending sales increased (a good sign for future activity), closed sales too a dive for January.
     The one month absorption rate plunged to 3 months from 9.9 months for December.  Back into a buyers market after last months sellers 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 January 2014 numbers were: 44 active listings, 17 pending sales and 11 closed sales.  Unfortunately, with a growing inventory this year as compared to 2015, sales activity did not come even close to last year, though this years pending activity is stronger.

Stuart FL 34997 Condo Market Report January 2016

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2016

Stuart FL 34997 Residential Market Report January 2016

Stuart FL 34997 Residential Market Report January 2016

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for January 2016

There are currently 299 active listings (Decreased by 9 homes from December).

Stuart FL 34997 Residential Market Report January 2016

156 Residential sales are pending and awaiting close or lender approval (Decreased by 7 homes from December).

Stuart FL 34997 Residential Market Report January 2016

88 Homes Sold in January (Increased by 16 homes from December)

Stuart FL 34997 Residential Market Report January 2016

      The Stuart Florida Residential Market for ZIP Code 34997 continues as the largest and the strongest segment of the Martin County single family real estate market.  We have seen an unfortunate continuation of a decrease in inventory which is going to effect future sales unless this trend reverses.
     The current one month absorption rate remained almost the same at 3.4  months (was 5.0 months for December).  Even a stronger sellers market for the 34997 segment of the Stuart residential market for the beginning of 2016.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for January, were: 348 active listings, 198 pending listings and 76 closed sales.  Even with considerably less inventory, closed sale for 2016 were ahead of last years numbers.
Stuart FL 34997 Residential Market Report January 2016

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Stuart FL 34997 Residential Market Report January 2016

Stuart FL 34996 Condo Market Report January 2016

Stuart FL 34996 Condo Market Report January 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for January 2016

For January 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 123 active condo listings (Up by 21 condos last month).

Stuart FL 34996 Condo Market Report January 2016

37 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from December).

Stuart FL 34996 Condo Market Report January 2016

11 Condos Sold in January (Decreased by 7 condos from December) 

Stuart FL 34996 Condo Market Report January 2016

The Stuart FL 34996 Condo Market of Stuart started out 2016 with pretty weak numbers as compared to both last year and last month.  Sales declined for January, while pending sales were up but still no where near as strong as last year’s numbers.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 decreased to 11.2 months from December’s 5.7 months.  A major jump into a buyers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for January 2014 were: 125 active listings, 60 pending sales and 23 closed sales.  Much stronger activity last year as compared to 2016.

Stuart FL 34996 Condo Market Report January 2016

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Stuart FL 34996 Condo Market Report January 2016

Stuart FL 34996 Residential Market Report January 2016

Stuart FL 34996 Residential Market Report January 2016

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for January 2016

For January 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 160 active listings (Down by 10 homes from December).

Stuart FL 34996 Residential Market Report January 2016

42 Residential sales are pending and awaiting close or lender approval (Up by 18 homes from December).

Stuart FL 34996 Residential Market Report January 2016

10 Homes Sold in January (Decreased by 2 homes from December).

Stuart FL 34996 Residential Market Report January 2016

The 34996 zip code area of the Stuart Florida residential real estate market had a drop in sales and inventory for the beginning of the year.  The good news is the big jump in pending sales which should result in better closed sale numbers in the following months.

The one month absorption rate for the 34996 zip code area of Stuart Florida for January increased to 16 months as compared to December’s 14.2 months.  Still a strong buyers market for this section of Martin County, but this number should improve when the strong pending numbers translate into sales.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for January of 2014 were: 160 active listings, 41 pending sales and 7 closed sales.  Similar activity when compared to 2015, though with a slight edge to to this year’s numbers with slightly better activity.

Stuart FL 34996 Residential Market Report January 2016

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Stuart FL 34996 Residential Market Report January 2016

Stuart FL 34994 Condo Market Report January 2016

Stuart FL 34994 Condo Market Report January 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for January 2016

For January 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 102 active condo listings (Up by 9 condos from December).

Stuart FL 34994 Condo Market Report January 2016

28 Condo sales are pending and awaiting close or lender approval. (Decreased by 1 condos from last month) 

Stuart FL 34994 Condo Market Report January 2016

15 Condos Sold in January (Down by 2 condos from December).

Stuart FL 34994 Condo Market Report January 2016

The Stuart FL 34994 Condo market started the year with slower sales activity than the end of last year, but still better than this period from last year.  Nice to see a bit of an increase in inventory.  I hope this will continue.

The one month absorption rate increased to 6.8 months compared to last month’s 5.5.   Back into a balanced 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 January the numbers were 111 active listings, 35 pending sales, and 9 closed sales.   Better closed activity this year with very similar inventory levels, with less pending sales though.

Stuart FL 34994 Condo Market Report January 2016

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Stuart Florida Market Report ZIP Code 34994 – Condo, January 2016

Stuart Florida Market Report ZIP Code 34994 Residential January 2016

Stuart Florida Market Report ZIP Code 34994 Residential January 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for January 2016

For January, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 59 active listings (Unchanged from December)

Stuart Florida Market Report ZIP Code 34994 Residential January 2016

14 Residential sales are pending and awaiting close or lender approval (Decreased by 4 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential January 2016

1o Homes Sold in December (Down by 2 homes from December)

Stuart Florida Market Report ZIP Code 34994 Residential January 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a weaker month to begin the new year after a very strong finish to 2015.

The one month absorption rate for the 34994 zip code for January jumped to 5.9 months from last months 4.9 months.  Just about a balanced market market for the 34994 zip code area of Stuart, FL.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The January 2014 numbers were 85 Active Listings, 37 pending sales and 9 closed sales.   Much more active market back last year, though closed sales just edged out last years numbers.  We could use more active listings in the 34994 zip code of Stuart FL.

Stuart Florida Market Report ZIP Code 34994 Residential January 2016

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Stuart Florida Market Report ZIP Code 34994 Residential January 2016

Sewalls Point Single Family Market Report January 2016

Sewalls Point Single Family Market Report January 2016

Sewalls Point Real Estate Snapshot, Residential Sales for January 2016

There are currently 57 active listings (Up by 6 homes since last month)

Sewalls Point Single Family Market Report January 2016

15 home sales are pending and awaiting close or lender approval (Increased by 2 homes from December)

Sewalls Point Single Family Market Report January 2016

4 Homes sold in January (Up by 1 sales from December)

Sewalls Point Single Family Market Report January 2016

The single family real estate market in Sewalls Point remains challenging as many of the homes in this community are in the higher end of the price spectrum or some homes are older and in need of updating and the sellers feel the cache of this exclusive community warrants the listing price.

The current absorption rate dropped to 14.25 months, in December it was 17 months. Still a strong buyers market for Sewalls Point.  Though, if the trend for improving sales continue, this may soon come to an end.  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 January of 2014, the inventory was 58 homes on the market, 10 pending sales and there were 3 closed sales.  With very similar inventory, market activity is better for 2016 than for last year in Sewalls Point, but still plenty of room for improvement.

Sewalls Point Single Family Market Report January 2016

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Sewalls Point Single Family Market Report January 2016