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Palm Beach County December 2015 Market Report

02.06.16 by

Palm Beach County December 2015 Market Report

Palm Beach County December 2015 Market Report

Market Highlights

“Florida Realtors® reported that our median sale price for single family homes has exceeded the
$300,000 mark again. According to December figures for Palm Beach County, we have reached
$305,000, our highest median price activity since June 2015. Meanwhile, year over year, median days on market has dropped 32. l % from 56 to 38 days with the greatest number of closed sales falling between $200,000 to 600,000. If you are looking to sell your property, find a REAL TOR® with local expertise to attain the highest price within the shortest time frame.”

Palm Beach County December 2015 Market Report

St Lucie County December 2015 Market Report

02.05.16 by

St Lucie County December 2015 Market Report

12-2015-slc-local-market-update-image (1)

“December market reports from Florida Realtors® have released for St. Lucie County. We saw a 19.2% boost in median sale price year over year, thanks to a higher number of closed sales above $150,000. Also, topping the charts was a triple-digit gain in luxury home sales above $600,000. This is a prime example of our dynamic housing market, where you must dig deeper to understand the fluctuation. Whether you are looking to buy or sell property, a consultation with a local REAL TOR® is key for expert guidance on our ever-changing marketplace.”

Give us a call if you have any questions or require information about the current real estate market in St Lucie County.
(772) 323-6996

St Lucie County December 2015 Market Report

Martin County December 2015 Market Report

02.04.16 by

Martin County December 2015 Market Report

 Martin County December 2015 Market Report

“For Martin County, Florida Realtors® reported that the number of closed home sales in December
improved 13.81 % from December, but dropped 9.6% year-over-year. Pricing, however, continued to
appreciate compared to last year with our median sale price for December increasing 5.3% to $300,000, and our average sale price advancing upward by 18.4% to $484,702. Meanwhile, inventory continued to remain low, keeping our monthly supply at 4.9 months and median days on market at 38 days. ‘Tis the season for sellers – prices are up, inventory is down, and higher end homes are selling! If you wish to list your home, be sure to use your local REAL TOR®.”

Give us a call if you have any questions or require information about the current real estate market in Martin County.
(772) 323-6996

Martin County December 2015 Market Report

Leilani Heights Jensen Beach January 2016 Market Report

01.31.16 by

Leilani Heights Jensen Beach January 2016 Market Report

There are 6 current listings in Leilani Heights as of January 2016.  The list prices are $215,000 and $264,900 for an average list price of $240,783 or $135.04 per sq. ft. of living area.

3 homes are under contract and awaiting settlement in Leilani Heights.  List prices are from $118,500 to $165,000 with the average list price being $144,466 that equals $130.42 per sq. ft. of living area.  These homes were on the market for an average of 29 days before accepting the current offer.

In the past year, there have been 22 homes sold in Leilani Heights.  Sales prices ranged from $106,000 to $235,000 with the average sales price being $180,636 which equates to $123.50 per sq. ft. of living area.  The average days on market prior to n accepted offer was 30 days and these sales averaged at 97% of the list price.

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

Search for available Leilani Heights homes for sale

January 2016 Pinecrest Lakes Housing Market Report

01.28.16 by

January 2016 Pinecrest Lakes Housing Market Report

There are 12 actively listed homes for sale in the Pinecrest Lakes community as of January 2016.  Listing prices range from $298,000 to $599,900 for an average list price of $475,024 which equates to an average of $173.01 per sq. ft. of living area.
There are 5 homes under contract and awaiting closing. The list prices of these homes range from $309,900 to $639,111 or an average list price of $461,851 which is $161.40 per sq. ft. of living area.  These homes averaged 84 days on the market before an accepted offer.
In the past 12 months, 36 homes have sold in Pinecrest Lakes with sales prices ranging from $197,000 to $449,000 or an average sales price of $361,747 which is $149.77 per sq. ft. of living area.  These sales averaged 140 days on market and sold at 96% of list price.
Pinecrest Lakes Homes for Sale

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

Pinecrest Lakes Homes for Sale

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

Pinecrest Lakes Homes for Sale

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

Pinecrest Lakes Homes for Sale

 

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

 

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

 

January 2016 Pinecrest Lakes Housing Market Report

Lake Tuscany January 2016 Market Report

01.26.16 by

Lake Tuscany January 2016 Market Report

As of January 2016, there are 2  homes available for sale with listing prices from $419,900 to $429,000 for an average list price of $424,450 which is a price per square foot of living area of $146.67.

There are no homes currently under contract and awaiting settlement in Lake Tuscany.

In the past 12 months, 6 homes have sold in Lake Tuscany ranging in sales price from $335,000 to $460,000 for an average sales price of $381,416 which equals $126.35 per sq. ft. of living area.  These homes took an average of 86 days on market to go under contract and sold at 97% of list price.

Lake Tuscany real estate Stuart FL

Lake Tuscany in Stuart FL is a newer subdivision just to the west of I-95 in Martin County, Florida.  The homes in Lake Tuscany were mostly completed between 2004 to 2005.  This attractive subdivision is set up with a gated entrance and all 98 homes in Lake Tuscany are on Panther Trace which makes a large circle around the lake in the center.  Homes range from 3 Bedroom, 3 Bath or 4 BR 2 Baths of around 2100 sq. ft. of living area to spacious 6 Bedroom, 4 Bathroom 2 story homes with lofts and theater rooms with pools by the lakeside along with 3 car garages.  All are high quality homes built by local builder Mercedes Homes.

Lake Tuscany real estate Stuart FL Lake Tuscany real estate Stuart FL

Lake Tuscany boasts lush landscaping and very reasonable Home Owner’s Association fees of $398 per quarter.  These fees cover security, the common areas and lake upkeep, basic cable, trash collection and front landscaping.  The Lake Tuscany property owners web site is located at this site.

Lake Tuscany real estate Stuart FL Lake Tuscany real estate Stuart FL

Families in Lake Tuscany enjoy Martin County’s ‘A’ rated schools in the following schools: Crystal Lake Elementary, David L Anderson Middle School and South Fork High School.  Shopping is only minutes away and there’s easy access to Martin County’s waterways and just a short drive to the many public beaches.

 Lake Tuscany real estate Stuart FL

Search here for currently available Lake Tuscany real estate in Stuart FL

For any questions you may have about January 2016 Lake Tuscany Real Estate Update in Stuart FL, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Stuart Florida Real Estate

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

Lake Tuscany January 2016 Market Report

 

January 2016 Market Report for Osprey Cove in Hobe Sound

01.25.16 by

January 2016 Market Report for Osprey Cove in Hobe Sound

There are currently 5 homes for sale in Osprey Cove in Hobe Sound, FL.  Listing prices range from $525,000 to $1,050,000 for an average list price of $731,600 or a price per square foot of living area of $232.49.

There are 2 homes under contract which have not closed to date.  List prices are $539,000 to $599,999 for an average list price of $569,499 or $231.34 per sq. ft. of living area.  These homes were on the market for an average of 88 days before accepting these offers.

In the past 12 months, 10 homes have sold in Osprey Cove with sales prices ranging from $485,000 to $793,000 for an average sale price of $609,300 or $213.63 per sq. ft. of living area. These sales averaged 50 days on the market and sales prices averaged 96% of list price.

Osprey Cove in Hobe Sound

Clubhouse

Osprey Cove in Hobe Sound, Florida is a waterfront community off of Gomez Avenue in the vibrant Hobe Sound area of Martin County, Florida.  It is also known as the Osprey Cove Yacht Club and boasts 32 deep water boat slips just off the Intracoastal Waterway.  There are only 86 homes in this gated community that broke ground in late 2000 with homes being completed from 2000 through 2006.   Homes range in size from 3 bedroom, 3 bathroom, 2 car garage homes of 2,230 sq. ft. to 5 bedroom, 4 and 1/2 bathroom, 3 car garage pool homes of over 4,000 sq. ft. of living area.  There’s also a community pool and tennis court available to all residents.

Osprey Cove in Hobe SoundFor boaters, the docks are approximately 5 miles from the Saint Lucie Inlet of Martin County and just under 10 miles from the Jupiter Inlet in Palm Beach County.  All Osprey Cove residents enjoy easy access to shopping, restaurants and the pristine beaches of Jupiter Island in Martin County.

Osprey Cove in Hobe Sound

For families, the Martin County School District is one of the highest rated in Florida and children attend the Hobe Sound elementary school, Murray middle school and South Fork high school.  There are also a number of excellent private schools located nearby, including the Pine School.

Osprey Cove in Hobe Sound

You can find additional information at the Osprey Cove in Hobe Sound Homeowner’s Association web page.

January 2016 Market Report for Osprey Cove in Hobe Sound

For any questions you may have about Osprey Cove in Hobe Sound, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Hobe Sound Florida Real Estate

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

January 2016 Market Report for Osprey Cove in Hobe Sound

Hobe Sound FL 33455 Condo Market Report December 2015

01.22.16 by

Hobe Sound FL 33455 Condo Market Report December 2015

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

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

There are currently 4 active condo listings. (Unchanged from November)

Hobe Sound FL 33455 Condo Market Report December 2015

1 Condos are pending and awaiting close. (Unchanged from November)

Hobe Sound FL 33455 Condo Market Report December 2015

1 Condos sold in November (Unchanged from November)

Hobe Sound FL 33455 Condo Market Report December 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  With only 4 actively listed condos, there’s just not that many options out there for buyers.  Amazingly, there were no changes from last month at all.

The current absorption rate is 4 months (Unchanged from last month).  This absorption rate 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 December 2014 numbers were: 13 active listings, 6 pending sales and 5 closed sales.  Much better activity last year with considerably more inventory to work with.

Hobe Sound FL 33455 Condo Market Report December 2015

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Hobe Sound FL 33455 Condo Market Report December 2015

Hobe Sound FL 33455 Residential Market Report December 2015

01.21.16 by

Hobe Sound FL 33455 Residential Market Report December 2015

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

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

There are currently 187 active listings. (Up by 21 homes from November)

Hobe Sound FL 33455 Residential Market Report December 2015

61 Residential sales are pending and awaiting close  (Down by 14 homes from November)

Hobe Sound FL 33455 Residential Market Report December 2015

40 Homes Sold in December (Up by 12 homes from last month)

Hobe Sound FL 33455 Residential Market Report December 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County rebounded from a slower November with an increase in closed sales and inventory as well.  Unfortunately, pending sales were off for December.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 4.7 months (5.9 months in November).  Back into a sellers market for December after one month of a balanced market.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for December 2014 were:  231 active listings, 67 pending sales and 33 closed sales. Showing better closed activity for this year even with the reduced inventory.

Hobe Sound FL 33455 Residential Market Report December 2015

Search here for Hobe Sound Florida Real Estate for Sale

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Hobe Sound FL 33455 Residential Market Report December 2015

Jensen Beach FL 34957 Condo Market Report December 2015

01.20.16 by

Jensen Beach FL 34957 Condo Market Report December 2015

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

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



There are currently 37 active listings. (Increased by 1 condos from November)

Jensen Beach FL 34957 Condo Market Report December 2015

12 Condo sales are pending and awaiting settlement. (Decreased by 5 condos from November)

Jensen Beach FL 34957 Condo Market Report December 2015

7 Condos Sold (Increased by 5 condos from November)

Jensen Beach FL 34957 Condo Market Report December 2015

 The Jensen Beach FL 34957 Condo Market Report December 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  Pending sales were down for December while there was a nice increase in closed sales.

The one month absorption rate for the December 2015, Jensen Beach Florida Market Report ZIP Code 34957 plunged to 5.3  months (from  18 months in November), bringing this segment of the Martin County condo market back into a sellers market again, after one month as a buyers market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The December 2014 numbers were: 44 active listings, 15 pending sales and 5 condos closed.  Very similar numbers when compared to last year’s activity.

Jensen Beach FL 34957 Condo Market Report December 2015

Jensen Beach Condominium Properties by Price

 

Jensen Beach Florida Real Estate presented by:
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Jensen Beach FL 34957 Condo Market Report December 2015

Jensen Beach FL 34957 Residential Market Report December 2015

01.19.16 by

Jensen Beach FL 34957 Residential Market Report December 2015

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

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

 There are currently 121 active listings. (Down by 1 homes from last month)

Jensen Beach FL 34957 Residential Market Report December 2015

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

Jensen Beach FL 34957 Residential Market Report December 2015

28 Homes Sold (Increased by 10 homes from November)

Jensen Beach FL 34957 Residential Market Report December 2015

The Jensen Beach FL 34957 Residential Market had a very nice jump in closed sales for December while both pending sales and invenotry were basically unchanged.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 4.3 months (was 6.8 months in November).  Slid right back into a sellers market after a one month stint in a balanced market.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The December 2014 numbers were: 140 active listings, 56 pending sales and 33 home sales closed.   A little greater closed activity last year, but better pending sales this year and all with a reduced inventory from last year.
Jensen Beach FL 34957 Residential Market Report December 2015

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Jensen Beach FL 34957 Residential Market Report December 2015

Summerfield Golf Club Market Report for January 2016

01.19.16 by

Summerfield Golf Club Market Report for July 2015 – Home of the Champions Golf Club

As of January 2016, there are 10 homes on the market in Summerfield ranging in listing price from $290,000 to $427,850 for an average list price of $347,647 which equals $170.29 per square foot of living area. Of these 10 homes, three are in the Summerfield Point section which is an area of 13 new homes being built by D. R. Horton.

There are 5 homes under contract (pending) awaiting their closing. Listing prices are from $218,000 to $439,900 for an average list price of $338,260 which equates to $169.02 per square foot of living area. These homes averaged 63 days on the market prior to receiving an accepted offer.

In the past 12 months, 31 homes have sold.  Sales prices ranged from $238,000 to $511,900 for an average sales price of $339,264 which equals $160.49 per square foot of living area.  The average days on market for these sales was 43 days and the average list to sales price was at 96%.

Summerfield Golf Club is located on over 275 acres and hosts a little over 500 single family homes adjoining the Champions Golf Course.  Selected as one of the top 10 Golf Courses he nation by Golf Magazine in 1995, it is the first public golf course awarded the Audubon Signature Sanctuary Statuary because of its natural beauty.  This Tom Fazio designed course is open to the public with very reasonable membership fees.  Visit the Champions Course web site for more information at http://www.thechampionsgolfclub.com/

The residential section is known as Summerfield Golf Club and is a secured gated community with homes ranging in size from smaller 2 bedroom coach homes of around 1500 square feet up to 5 bedroom estate homes boasting over 3,000 square feet of living area.

Summerfield boasts an exceptionally large community pool and clubhouse with dining and entertainment facilities, fitness center and a professional 6 court Tennis club.  All of these amenities available at very reasonable HOA fees, along with the convenience of on-site manager to handle any issues that may arise.

Very conveniently located near US-1 and Cove Rd, residents can enjoy close proximity to shopping, medical facilities with downtown Stuart only minutes away and only 30 minutes to the palm Beaches.  Easy access to I-95 where travel to Orlando or Miami is only 2 hours by car.

The following homes are currently available for sale in Summerfield:

Summerfield Golf Club Homes for Sale

Stuart Florida Real Estate

Summerfield Golf Club Market Report for July 2015

Palm City FL 34990 Condo Market Report December 2015

01.18.16 by

Palm City FL 34990 Condo Market Report December 2015

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

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



There are currently 52 active condo listings. (Decreased by 1 condos from November)

Palm City FL 34990 Condo Market Report December 2015

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

Palm City FL 34990 Condo Market Report December 2015

4 Condos Sold in December. (Down by 4 condos from November)

Palm City FL 34990 Condo Market Report December 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For December sales were off while the inventory and pending sales were just about unchanged.

The current absorption rate for condos in the 34990 zip code area plunged to 13 months (was 6.6 months in December).   Back into a buyers market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The December 2014 numbers were: 61 active listings, 6 pending sales and 6 closed sales.   Somewhat better activity last year, but only marginal.  If the lower inventory is considered there’s a better percentage of activity this year.
Palm City FL 34990 Condo Market Report December 2015

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Palm City Florida Real Estate presented by:
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Palm City FL 34990 Condo Market Report December 2015

Palm City FL 34990 Residential Market Report December 2015

01.17.16 by

Palm City FL 34990 Residential Market Report December 2015

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

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

 

There are currently 375 active listings (Decreased by 14 homes from November)

Palm City FL 34990 Residential Market Report December 2015

 114 Residential sales are pending and awaiting close or lender approval. (Decreased by 8 homes from last month)

Palm City FL 34990 Residential Market Report December 2015

60 Homes Sold in November (Increased by 13 sold homes from November)

Palm City FL 34990 Residential Market Report December 2015

After a fairly weak November, the Palm City FL 34990 came back strong for December.  Unfortunately the inventory decreased this month after some much needed increases in the past few months. Pending sales were off a little while we had a nice jump in closed sales.
 The current absorption rate increased to to 6.3 months from 8.3 months in November.  Back into a balanced 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 December 2014 numbers were:  431 active listings, 116 pending sales and 76 closed sales.  Better closed activity last year, though pending sales are just as strong this year even with the reduced inventory.

Palm City FL 34990 Residential Market Report December 2015

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Palm City Florida Real Estate presented by:
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Palm City FL 34990 Residential Market Report December 2015

Stuart FL 34997 Condo Market Report December 2015

01.16.16 by

Stuart FL 34997 Condo Market Report December 2015

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

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

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

Stuart FL 34997 Condo Market Report December 2015

19 Condo sales are pending and awaiting close or lender approval (Decreased by 10 condos from November).

Stuart FL 34997 Condo Market Report December 2015

21 Condos Sold in December (Increased by 12 condos from November).

Stuart FL 34997 Condo Market Report December 2015

     The Stuart FL condo market for zip code 34997 continues with excellent activity for December.  Our inventory rose for the fifth month in a row and we now have surpassed last years active number of condos for sale.  Pending sales were off unfortunately, but there was a very strong month of closed sales in December.
     The one month absorption rate plunged to 3 months from 6.4 months for November.  Back into a strong sellers market after last months balanced market. Continuing a trend prevalent for most of the past year.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The December 2014 numbers were: 44 active listings, 15 pending sales and 5 closed sales.  Much better closed activity this year as compared to 2014.  Encouragingly, the inventory of condos in the 34997 zip code is up from last year.

Stuart FL 34997 Condo Market Report December 2015

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

Stuart FL 34997 Residential Market Report December 2015

01.15.16 by

Stuart FL 34997 Residential Market Report December 2015

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

There are currently 308 active listings (Decreased by 3 homes from November).

Stuart FL 34997 Residential Market Report December 2015

163 Residential sales are pending and awaiting close or lender approval (Decreased by 1 homes from November).

Stuart FL 34997 Residential Market Report December 2015

62 Homes Sold in December (Decreased by 3 homes from November)

Stuart FL 34997 Residential Market Report December 2015

      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.  For December, there has been very little changes from the previous month.
     The current one month absorption rate remained almost the same at 5.0  months (was 4.8 months for November).  Continuing as a sellers market for the 34997 segment of the Stuart residential market for all of the year.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for December, were: 337 active listings, 177 pending listings and 79 closed sales.  Better activity across the board from 2014, though the percentages are similar when the reduced inventory is factored into the equation.
Stuart FL 34997 Residential Market Report December 2015

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

Stuart Florida Real Estate presented by:
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Stuart FL 34997 Residential Market Report December 2015

Stuart FL 34996 Condo Market Report December 2015

01.14.16 by

Stuart FL 34996 Condo Market Report December 2015

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

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

There are currently 102 active condo listings (Up by 8 condos last month).

Stuart FL 34996 Condo Market Report December 2015

31 Condo sales are pending and awaiting close or lender approval (Decreased by 1 condos from November).

Stuart FL 34996 Condo Market Report December 2015

18 Condos Sold in December (Increased by 2 condos from November) 

Stuart FL 34996 Condo Market Report December 2015

The Stuart FL 34996 Condo Market of Stuart continues to do well.  Another increase in inventory that we were in bad need of.  And, pending and closed sales continue to do well.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 decreased to 5.7 months from November’s 5.9 months.  A small move towards a sellers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for December 2014 were: 142 active listings, 47 pending sales and 21 closed sales.  Somewhat slower market activity for 2015 as compared to last year, though in large measure due to the reduced inventory of available condos for sale.

Stuart FL 34996 Condo Market Report December 2015

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Stuart Florida Real Estate presented by:
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Stuart FL 34996 Condo Market Report December 2015

Stuart FL 34996 Residential Market Report December 2015

01.13.16 by

Stuart FL 34996 Residential Market Report December 2015

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

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

There are currently 170 active listings (Up by 23 homes from November).

Stuart FL 34996 Residential Market Report December 2015

24 Residential sales are pending and awaiting close or lender approval (Down by 10 homes from November).

Stuart FL 34996 Residential Market Report December 2015

12 Homes Sold in December (Increased by 6 homes from November).

Stuart FL 34996 Residential Market Report December 2015

The 34996 zip code area of the Stuart Florida residential real estate market is on a bit of a roller coaster as we regained all of the lost inventory from last month.  Sales also doubled from November, though there’s still plenty of room for improvement.

The one month absorption rate for the 34996 zip code area of Stuart Florida for December improved dramatically to 14.2 months as compared to November’s 23.8 months.  Still a buyers market for this section of Martin County, but much improved from 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 December of 2014 were: 176 active listings, 11 pending sales and 24 closed sales.  Considerably better sales activity last year, while future sales look better for next year with the better pending numbers.

Stuart FL 34996 Residential Market Report December 2015

 Search here for real estate in the 34996 Zip Code of Stuart FL

Stuart Florida Real Estate presented by:

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Stuart FL 34996 Residential Market Report December 2015

Stuart FL 34994 Condo Market Report December 2015

01.12.16 by

Stuart FL 34994 Condo Market Report December 2015

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

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

There are currently 93 active condo listings (Down by 3 condos from November).

Stuart FL 34994 Condo Market Report December 2015

29 Condo sales are pending and awaiting close or lender approval. (Increased by 5 condos from last month) 

Stuart FL 34994 Condo Market Report December 2015

17 Condos Sold in December (Up by 4 condos from November).

Stuart FL 34994 Condo Market Report December 2015

The Stuart FL 34994 Condo made a nice comeback for December.  Somewhat surprising as we are not yet into the start of the peak seasonal condo market.  But, it’s welcome none the less.

The one month absorption rate dropped to 5.5 months compared to last month’s 7.4.   Back into a sellers 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 December the numbers were 95 active listings, 29 pending sales, and 10 closed sales.   Better activity this year with very similar inventory levels..

Stuart FL 34994 Condo Market Report December 2015

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

Stuart Florida Market Report ZIP Code 34994 Residential December 2015

01.11.16 by

Stuart Florida Market Report ZIP Code 34994 Residential December 2015

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

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

There are currently 59 active listings (Decreased by 2 homes from November)

Stuart Florida Market Report ZIP Code 34994 Residential December 2015

19 Residential sales are pending and awaiting close or lender approval (Decreased by 6 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential December 2015

12 Homes Sold in November (No change from November)

Stuart Florida Market Report ZIP Code 34994 Residential December 2015

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida showed little changes from the previous month.  Sales were unchanged while both pending sales and active inventory both dropped slightly.

The one month absorption rate for the 34994 zip code for December decreased to 4.9 months from last months 5.1 months.  Still a sellers market for the 34994 zip code area of Stuart, FL.

The December 2014 numbers were 89 Active Listings, 24 pending sales and 12 closed sales.   Considerably less inventory for 2015 as compared to last year.  Though sales are still equal to 2014.

Stuart Florida Market Report ZIP Code 34994 Residential December 2015

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Stuart Florida Market Report ZIP Code 34994 Residential December 2015