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Palm City FL 34990 Condo Market Report February 2015

Palm City FL 34990 Condo Market Report February 2015

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

 

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



There are currently 54 active condo listings. (Down by 5 condos from January)

Palm City FL 34990 Condo Market Report February 2015

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

Palm City FL 34990 Condo Market Report February 2015

4 Condos Sold in February. (Up by 1 condo from January)

Palm City FL 34990 Condo Market Report February 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Sales for Palm City condos were up slightly for February, as were pending sales.  Our active inventory is currently less than last year’s.

The current absorption rate for condos in the 34990 zip code area is 13.5 months (was 19.7 months in August).   An improvement from last month, but still have a ways to go for a balanced market.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The February 2013 numbers were: 63 active listings, 6 pending sales and 6 closed sales.   Better activity last year, though only slightly and there was greater inventory.
 Palm City FL 34990 Condo Market Report February 2015

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Palm City FL 34990 Condo Market Report February 2015

Palm City FL 34990 Residential Market Report February 2015

Palm City FL 34990 Residential Market Report February 2015

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

 

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


There are currently 450 active listings (Increased by 7 homes from January)

Palm City FL 34990 Residential Market Report February 2015

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

Palm City FL 34990 Residential Market Report February 2015

55 Homes Sold in January (No change in sold homes from January)

Palm City FL 34990 Residential Market Report February 2015

The Palm City FL 34990 residential real estate continued with some fairly sluggish sold numbers while pending sales remain quite strong, so I’m anticipating a return to a more balanced market soon.  The inventory also rose for the second month in a row, giving buyers more choices of homes.
 The current absorption rate jumped to 8.2 months from 8.1 months in January. The second month in a row of a buyer’s market for Palm City residential real estate.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The February 2013 numbers were:  472 active listings, 131 pending sales and 49 closed sales.  Better activity for 2015 than as compared to last year, which started out fairly slow after a very heated 2013.

Palm City FL 34990 Residential Market Report February 2015

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Palm City FL 34990 Residential Market Report February 2015

Stuart FL 34997 Condo Market Report February 2015

Stuart FL 34997 Condo Market Report February 2015

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

 

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

There are currently 44 active condo listings (Unchanged from January).

Stuart FL 34997 Condo Market Report February 2015

25 Condo sales are pending and awaiting close or lender approval (Increased by 8 condos from January).

Stuart FL 34997 Condo Market Report February 2015

13 Condos Sold in February (Increased by 2 condos from January).

Stuart FL 34997 Condo Market Report February 2015

The Stuart FL condo market for zip code 34997 continues to show very strong activity while inventory levels remain at uncomfortably low levels.  For February 2015, both closed and pending sales saw increase.
The one month absorption rate dropped again to 3.4 months after last months amazing 4 month rate.  Continuing as an extreme seller’s market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The February 2013 numbers were: 91 active listings, 37 pending sales and 9 closed sales.   We have less than half of last years’ condo inventory for the 34997 zip code area of Stuart FL.  Yest activity is almost as robust as last year.  This is a very strong market for sellers and prices are being driven up by demand while there’s little supply.

Stuart FL 34997 Condo Market Report February 2015

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

 

 

Stuart FL 34997 Residential Market Report February 2015

Stuart FL 34997 Residential Market Report February 2015

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

 

There are currently 373 active listings (Increased by 25 homes from January).

Stuart FL 34997 Residential Market Report February 2015

202 Residential sales are pending and awaiting close or lender approval (Increased by 4 homes from January).

Stuart FL 34997 Residential Market Report February 2015

72 Homes Sold in February (Decreased by 4 homes from January)

Stuart FL 34997 Residential Market Report February 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market.  We had a significant increase in inventory for February, though still under last years level.  Continued strong pending and closed numbers even if slightly off from last month.
     The current one month absorption rate increased to 5.2  months (was 4.6 months for January).  Still a sellers market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2013 numbers for February, were: 424 active listings, 184 pending listings and 63 closed sales.  For the first two months of 2015, activity has been superior to last year.
Stuart FL 34997 Residential Market Report February 2015

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Stuart FL 34997 Residential Market Report February 2015

 

Stuart FL 34996 Condo Market Report February 2015

Stuart FL 34996 Condo Market Report February 2015

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

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

There are currently 122 active condo listings (Down by 3 condos from last month).

Stuart FL 34996 Condo Market Report February 2015

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

Stuart FL 34996 Condo Market Report February 2015

25 Condos Sold in February (Increased by 2 condos from January) 

Stuart FL 34996 Condo Market Report February 2015

The Stuart FL 34996 Condo Market continues to show strong results for 2015.  My biggest concern is the continued decrease in inventory from last year.  This is somewhat surprising as prices are going up and I would have thought more condo owners would be listing during our peak season.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 4.9 months from January’s 5.4 months .  Moving to an even stronger sellers’ market for February.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for February 2013 were: 171 active listings, 52 pending sales and 30 closed sales.  When the decreased inventory for this year is factored into the data, the sales activity is better this year by percentage of available condos.

Stuart FL 34996 Condo Market Report February 2015

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Stuart FL 34996 Condo Market Report February 2015

Stuart FL 34996 Residential Market Report February 2015

Stuart FL 34996 Residential Market Report February 2015

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

 

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

 

There are currently 158 active listings (Down by 2 homes from January).

Stuart FL 34996 Residential Market Report February 2015

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

Stuart FL 34996 Residential Market Report February 2015

12 Homes Sold in February (Increased by 5 homes from January).

Stuart FL 34996 Residential Market Report February 2015

The 34996 zip code area of the Stuart Florida residential real estate market rebounded a bit from a very poor start in January, though there’s still more room for improvement.   Increase closed sales along with a small decrease in pending sales and inventory for February.

The one month absorption rate for the 34996 zip code area of Stuart Florida for February increased to 13.2 months as compared to January’s 22.9 months.  A huge buyers’ market, though I suspect this will be a short time phenomenon.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for February of 2013 were: 152 active listings, 40 pending sales and 6 closed sales.  Very similar activity to Feb. 2014.  No significant differences other than double the number of closed sales.

Stuart FL 34996 Residential Market Report February 2015

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Stuart FL 34996 Residential Market Report February 2015

Stuart FL 34994 Condo Market Report February 2015

Stuart FL 34994 Condo Market Report February 2015

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

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

 

There are currently 95 active condo listings (Down by 16 condos from January).

Stuart FL 34994 Condo Market Report February 2015

45 Condo sales are pending and awaiting close or lender approval. (Increased by 10 condos from last month) 

Stuart FL 34994 Condo Market Report February 2015

12 Condos Sold in February (Up by 3 condos from January).

Stuart FL 34994 Condo Market Report February 2015

The Stuart FL 34994 Condo market showed some excellent activity for February.   Inventory declined and both pending and closed sales showed improvements.

The one month absorption rate increased to 7.9 months compared to last month’s 12.3.  Still a buyer’s market but getting closer to a balanced one. 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 February the numbers were 130 active listings, 40 pending sales, and 17 closed sales.  Considerably less inventory for this year compared to 2014, but activity is still on a pra with last years numbers.

Stuart FL 34994 Condo Market Report February 2015

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

Stuart Florida Market Report ZIP Code 34994 Residential February 2015

Stuart Florida Market Report ZIP Code 34994 Residential February 2015

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

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

There are currently 89 active listings (Increased by 4 homes from January)

Stuart Florida Market Report ZIP Code 34994 Residential February 2015

33 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 February 2015

11 Homes Sold in January (Up by 2 homes from January)

Stuart Florida Market Report ZIP Code 34994 Residential February 2015

The 34994 ZIP code area of the Stuart, Florida had a small increase in inventory for February 2015.  Closed sales were up slightly while pending sales decreased, though they are still fairly strong.

The one month absorption rate for the 34994 zip code for February decreased to 8.1 months from last months 9.9 months, still a buyers market for February.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The February 2013 numbers were 77 Active Listings, 34 pending sales and 9 closed sales.  A little better sold activity for this year, but this comes with increased inventory as compared to last year.  Overall, a bit sluggish market for the start of 2015, but it appears to be getting a little momentum.

Stuart Florida Market Report ZIP Code 34994 Residential February 2015

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential February 2015

Sewalls Point Single Family Market Report February 2015

Sewalls Point Single Family Market Report February 2015

Sewalls Point Real Estate Snapshot, Residential Sales for February 2015

 

There are currently 68 active listings (Increased by 10 homes since last month)

Sewalls Point Single Family Market Report February 2015

8 home sales are pending and awaiting close or lender approval (Down by two homes from January)

Sewalls Point Single Family Market Report February 2015

3 Homes sold in February (Unchanged from January)

Sewalls Point Single Family Market Report February 2015

The Sewalls Point single family homes market activity continues to have some difficulties. The inventory rose by 10 homes this month while pending sales were off and another month with only three sales.

The current absorption rate is 22.7 months, in January it was 19.3 months.  Sewalls Point single family home sales remain in an extreme buyers market for February.  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 2013, the inventory was 55 homes on the market, 17 pending sales and there were 2 closed sales.  Last year saw fewer sales in February, but much better pending activity.

Sewalls Point Single Family Market Report February 2015

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Sewalls Point Single Family Market Report February 2015

 

Sugar Hill Jensen Beach March 2015 Market Report

Sugar Hill Jensen Beach March 2015 Market Report

As of March 2015, there are 6 homes on the market in Sugar Hill in Jensen Beach, FL.  Listing prices range from $429,000 to $619,000 for an average list price of $483,566 which equates to $183.81 per sq. ft. of living area. None of these listings are distressed properties.

There is one Sugar Hill home under contract and awaiting settlement.  The list price was $419,000 which is $165.87 per sq. ft. of living area.

There have been 7 homes sold in the past 12 months in Sugar Hill.  Sales prices ranged from $300,000 to $600,000 for an average sales price of $455,714 which equals $158.05 per sq. ft. of living area and averaged 96% of list price. There was one bank owned foreclosure and one short sale in this set of sales.

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 2015 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 2015 Market Report

Bayview Condos Indian River Plantation March 2015 Market Report

Bayview Condos in Indian River Plantation

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 2015.  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.

For March 2015, there are four active listings in Bayview.  List prices range from $310,000 to $395,000 for an average list price of $342,500 which equals $255.11 per sq. ft. of living area.

There is one condo under contract and awaiting settlement.  It is listed for $328,500 which equates to $239.08 per sq. ft. of living area.

In the past 12 months, 5 condos have sold in Bayview with sales prices ranging from $299,000 to $530,000.  The average sales price was $389,200 which equals a $259.64 price per sq. ft. of living area.  Sales equaled a 94% list to sales price ratio.

None of the above activity in Bayview was a distressed sale.  No foreclosures or short sales.

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 2015 Market Report

Lost Lake Hobe Sound March 2015 Market Report

There are currently 6 homes available for sale in Lost Lake.  List prices range from $235,000 to $600,000 for an average of $347,800 which is $167.39 per sq. ft. of living area.  There is one foreclosure and one short sale in this group of listings

There are 8 homes under contract and awaiting settlement.  List prices range from $235,000 to $499,900 for an average of $347,111 or $160.67 per sq. ft. of living area.  There is one short sale in these pending listings.

In the past 12 months, 33 homes have sold in this community.  Sales prices ranged from $184,000 to $560,000 for an average sales price of $288,281 or $151.45 per sq. ft. of living area.  Sales averaged at 96% of list price.  There was only 1 distressed sale in this group, a bank owned foreclosure.

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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Hobe Sound FL 33455 Condo Market Report January 2015

Hobe Sound FL 33455 Condo Market Report January 2015

 

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

 

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

 

There are currently 17 active condo listings. (Up by 4 condos from December)

Hobe Sound FL 33455 Condo Market Report January 2015

3 Condo sale is pending and awaiting close. (Down by 3 condos from December)

 Hobe Sound FL 33455 Condo Market Report January 2015

3 Condos sold in December (Decreased by 2 condos from December)

Hobe Sound FL 33455 Condo Market Report January 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory rose for January for the second month in a row.  A welcome sight.   While closed and pending sales decreased from last month, this is still a very active segment of the Martin County real estate market.

The current absorption rate is 5.7 months (Last month it was 2.6 months). The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that January not indicate 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 2014 numbers were: 22 active listings, 4 pending sales and 1 closed sales.  For the past three months, even with such limited inventory, the Hobe Sound condo market has performed much better than last year.

Hobe Sound FL 33455 Condo Market Report January 2015

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Hobe Sound FL 33455 Condo Market Report January 2015

 

Hobe Sound FL 33455 Residential Market Report January 2015

Hobe Sound FL 33455 Residential Market Report January 2015

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

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

There are currently 231 active listings. (Down by 12 homes from December)

Hobe Sound FL 33455 Residential Market Report January 2015

67 Residential sales are pending and awaiting close  (Decreased by 4 homes from December)

Hobe Sound FL 33455 Residential Market Report January 2015

33 Homes Sold in January (Up by 13 homes from last month)

Hobe Sound FL 33455 Residential Market Report January 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County is in quite a roller coaster ride these past few months.  We closed the year off with a positive note as closed sales came back up nicely.  Unfortunately pending sales decreased a little and the inventory continues to decline as well.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 decreased to 7 months (12.2 months in December).  We’re edging back into a balanced market for Hobe Sound.  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 2013 were:  266 active listings, 75 pending sales and 43 closed sales.   We have lower inventory this year when compared to 2013.  Also, a reduced market activity as well.

Hobe Sound FL 33455 Residential Market Report January 2015

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Hobe Sound FL 33455 Residential Market Report January 2015

Jensen Beach FL 34957 Condo Market Report January 2015

Jensen Beach FL 34957 Condo Market Report January 2015

 

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

 

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



There are currently 40 active listings. (Down by 4 condos from December)

Jensen Beach FL 34957 Condo Market Report January 2015

19 Condo sales are pending and awaiting settlement. (Increased by 4 condos from December)

Jensen Beach FL 34957 Condo Market Report January 2015

9 Condos Sold (Up by 5 condo from December)

Jensen Beach FL 34957 Condo Market Report January 2015

 The Jensen Beach FL 34957 Condo Market Report January 2015 remains a small sector as far as condos in Martin County.  Inventory decreased for the first of the year after a couple of months of small gains, but this may be due to the great activity in this segment of the market with both pending and closed sales up for the month.

The one month absorption rate for the January 2015, Jensen Beach Florida Market Report ZIP Code 34957 declined to 4.4 months (8.8 months in December), a big jump into a sellers market to start off 2015.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The January 2014 numbers were: 35 active listings, 19 pending sales and 4 condos closed.  Better closed numbers for this year and we have a bit higher inventory.

Jensen Beach FL 34957 Condo Market Report January 2015

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Jensen Beach FL 34957 Condo Market Report January 2015

Jensen Beach FL 34957 Residential Market Report January 2015

Jensen Beach FL 34957 Residential Market Report January 2015

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

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

 There are currently 153 active listings. (Up by 13 homes from last month)

Jensen Beach FL 34957 Residential Market Report January 2015

65 Residential sales are pending and awaiting close or lender approval. (Up by 9 homes from December)

Jensen Beach FL 34957 Residential Market Report January 2015

28 Homes Sold (Decreased by 5 homes from December)

Jensen Beach FL 34957 Residential Market Report January 2015

The Jensen Beach FL 34957 Residential Market Report continued strong positive sales results into the start of 2015.  Inventory has gone above 2014 levels, after almost a year of lower available homes.  Sales were off by a little for January but pending sales continue to be very strong.  This part of the Martin County residential market remains very active.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 5.5 months (was 4.2 months in December).  Still in a sellers market for Jensen Beach home sales.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The January 2013 numbers were: 149 active listings, 70 pending sales and 20 home sales closed.   With similar inventory as compared to 2014, this year’s activity is better.
Jensen Beach FL 34957 Residential Market Report January 2015

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Jensen Beach FL 34957 Residential Market Report January 2015

Palm City FL 34990 Condo Market Report January 2015

Palm City FL 34990 Condo Market Report January 2015

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

 

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



There are currently 59 active condo listings. (Down 2 condos from December)

Palm City FL 34990 Condo Market Report January 2015

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

Palm City FL 34990 Condo Market Report January 2015

3 Condos Sold in January. (Down by 3 condos from December)

Palm City FL 34990 Condo Market Report January 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Sales for Palm City condos were off for January, but pending sales were up which is a positive sign for coming months.  Our active inventory is now almost identical to last year.

The current absorption rate for condos in the 34990 zip code area is 19.7 months (was 10.2 months in August).   Unfortunate drop for the first month of 2015.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The January 2013 numbers were: 58 active listings, 5 pending sales and 2 closed sales.   Even though activity is off from last month, it’s still a better market than we had last year.
 Palm City FL 34990 Condo Market Report January 2015

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Palm City FL 34990 Condo Market Report January 2015

Palm City FL 34990 Residential Market Report January 2015

Palm City FL 34990 Residential Market Report January 2015

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

 

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


There are currently 443 active listings (Increased by 12 homes from December)

Palm City FL 34990 Residential Market Report January 2015

  158 Residential sales are pending and awaiting close or lender approval. (Increased by 43 homes from last month)

Palm City FL 34990 Residential Market Report January 2015

55 Homes Sold in December (Down by 21 homes from December)

Palm City FL 34990 Residential Market Report January 2015

The Palm City FL 34990 residential real estate started the year with a decline in closed sales but also an impressive increase in pending sales which should indicate some good activity for the immediate future. A nice little increase in inventory is also a good sign.
 The current absorption rate jumped to 8.1 months from 5.7 months in December. Back into a buyers market after a month in the sellers market in December.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The January 2013 numbers were:  447 active listings, 117 pending sales and 62 closed sales.  With similar inventory as compared to last year, sales were off this year however pending sales are considerably higher which indicates some strong activity for the coming months.

Palm City FL 34990 Residential Market Report January 2015

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Palm City FL 34990 Residential Market Report January 2015

Stuart FL 34997 Condo Market Report January 2015

Stuart FL 34997 Condo Market Report January 2015

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

 

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

There are currently 44 active condo listings (Unchanged from December).

Stuart FL 34997 Condo Market Report January 2015

17 Condo sales are pending and awaiting close or lender approval (Increased by 2 condos from December).

Stuart FL 34997 Condo Market Report January 2015

11 Condos Sold in January (Increased by 6 condos from December).

Stuart FL 34997 Condo Market Report January 2015

The Stuart FL condo market for zip code 34997 has a much reduced inventory compared to the recent past.  Though, even with less to work with, both pending and closed sales increased for January.
The one month absorption rate plunged to 4 months after last months amazing 8.8.  Back into a very strong sellers market after a one month duration of a buyers market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The January 2013 numbers were: 104 active listings, 27 pending sales and 11 closed sales.   With less than half of last year’s inventory the 34997 zip code area of Stuart is doing quite well in sales.  Though, the low inventory will definitely effect future sales.

Stuart FL 34997 Condo Market Report January 2015

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

 

 

Stuart FL 34997 Residential Market Report January 2015

Stuart FL 34997 Residential Market Report January 2015

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

 

There are currently 348 active listings (Increased by 11 homes from December).

Stuart FL 34997 Residential Market Report January 2015

198 Residential sales are pending and awaiting close or lender approval (Increased by 21 homes from December).

Stuart FL 34997 Residential Market Report January 2015

76 Homes Sold in January (Decreased by 3 homes from December)

Stuart FL 34997 Residential Market Report January 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market.  Our inventory is lower than last year, though it did increase some from December.  Pending sales had a nice increase and only a small decrease in closed sales from last month.
     The current one month absorption rate dropped to 4.6  months (was 4.3 months for December).  Still a strong sellers market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2013 numbers for January, were: 424 active listings, 149 pending listings and 51 closed sales.  Considerably better activity for the beginning of 2015 as compared to last year.
Stuart FL 34997 Residential Market Report January 2015

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Stuart FL 34997 Residential Market Report January 2015