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Stuart FL 34996 Residential Market Report July 2014

Stuart FL 34996 Residential Market Report July 2014

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

 

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

 

There are currently 169 active listings (Decreased by 8 homes from June).

Stuart FL 34996 Residential Market Report July 2014

 

 32 Residential sales are pending and awaiting close or lender approval (Decreased by 6 homes from June).

Stuart FL 34996 Residential Market Report July 2014

 

21 Homes Sold in July (increased by 6 homes from June).

Stuart FL 34996 Residential Market Report July 2014

 

The 34996 zip code area of the Stuart Florida residential real estate market rebounded a bit from somewhat weak May results.  Closed sales were up; while, unfortunately, the pending numbers decreased.  Inventory was also down for the month.

The one month absorption rate for the 34996 zip code area of Stuart Florida for July increased to 8 months as compared to June’s 11.8 months.  Still a buyers market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for July of 2013 were: 126 active listings, 44 pending sales and 15 closed sales.   Improved closed numbers for this year, though at a considerably greater inventory.

Stuart FL 34996 Residential Market Report July 2014

Stuart, FL Real Estate

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Stuart FL 34996 Residential Market Report July 2014

Stuart FL 34994 Condo Market Report July 2014

Stuart FL 34994 Condo Market Report July 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for July 2014

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

 

There are currently 118 active condo listings (Up 7 condos from June).

Stuart FL 34994 Condo Market Report July 2014

 

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

Stuart FL 34994 Condo Market Report July 2014

 

25 Condos Sold in July (Up by 1 condo from June).

Stuart FL 34994 Condo Market Report July 2014

 

Typically the Stuart FL 34994 Condo market slows a bit in the summer, which we can see for July.   Closed sales were up by 1 condo while the number of pending sales (future activity) was off.  The inventory also increased for this month.

The one month absorption rate dropped to 4.7 months compared to last month’s 4.8.  Still 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 July the numbers were 109 active listings, 53 pending sales, and 11 closed sales.  Considerably better activity this year.

Stuart FL 34994 Condo Market Report July 2014

 

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Stuart Florida Market Report ZIP Code 34994 – Condo, July 2014

Stuart FL 34994 Residential Market Report July 2014

Stuart FL 34994 Residential Market Report July 2014

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

 

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

There are currently 73 active listings (Increased by 2 homes from June)

Stuart FL 34994 Residential Market Report July 2014

 

34 Residential sales are pending and awaiting close or lender approval (No change from June).

Stuart FL 34994 Residential Market Report July 2014

 

15 Homes Sold in July (Increased by 2 homes from June)

Stuart FL 34994 Residential Market Report July 2014

 

July activity for the 34994 ZIP code area of the Stuart, Florida showed continued positive results with increased closed sales.  There was a small increase in inventory, which will hopefuly continue as a greater number of available homes for sale will give prospective buyers more of a selection.

The one month absorption rate for the 34994 zip code for July decreased to 4.9 months from last months 5.5 months.  July was a strong sellers market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The July 2013 numbers were 55 Active Listings, 29 pending sales and 15 closed sales.   Very similar sales figures for this year, however there was considerably less inventory for the same results for last year.

Stuart FL 34994 Residential Market Report July 2014

 

Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential July 2014

Sewalls Point Single Family Market Report July 2014

Sewalls Point Single Family Market Report July 2014

Sewalls Point Real Estate Snapshot, Residential Sales for July 2014

 

There are currently 48 active listings (Down by 5 homes from June)

Sewalls Point Single Family Market Report July 2014

13 Residential sales are pending and awaiting close or lender approval (Up by 2 homes from last month)

Sewalls Point Single Family Market Report July 2014

 

5 Homes sold in July (Unchanged from June)

Sewalls Point Single Family Market Report July 2014

 

The Sewalls Point single family homes market activity for July 2014 had the same number of closed sales as in June (and May).  The pending numbers rose slightly, while the available inventory is down for the third month in a row.  Activity for the Sewalls Point market has increased, though the decrease in inventory could be troubling for future sales.

The absorption rate is currently 9.6 months better than last months 10.6 but still of room for improvement. It’s not unusual to see a somewhat higher absorption rate for Sewalls Point as we are dealing with generally higher valued properties that can take a bit longer to sell on average.  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 July of 2013, the inventory was 47 homes on the market, 7 pending sales and there were 3 closed sales.  Much better results for July of 2014.

Sewalls Point Single Family Market Report July 2014

 

 

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Sewalls Point Single Family Market Report July 2014

 

Danforth in Palm City August 2014 Market Report

Danforth in Palm City August 2014 Market Report

As of August, 2014:

There are currently 4 active home listings for sale in Danforth.  Prices range from $310,000 to $350,000.  The average price is $334,750 which represents $136.47 per square ft. of living area.  None of these homes are foreclosures or short sales.

 2 homes are currently under contract.  Both of these homes are bank owned.  Listing prices range from $239,000 and $270,000.  The average per sq. ft. of living is $123.73.

In the past 12 months 20 homes have sold in Danforth.  The sales prices ranged from $270,000 to $348,834.  Two of these homes were bank owned and one was a short sale.  The average sales price was $304,992 at $130.62 per sq. ft.

Danforth in Palm City Florida is wonderful family subdivision with 335 homes of all sizes and shapes with a wonderful family friendly neighborhood feel.  Well located in palm City off SW Martin Highway and within walking distance of both the Palm City Elementary and Hidden Oaks Middle Schools.  Both of these schools are top rated in the Martin County school system as well as in the State of Florida.

Many homes are lakefront with beautiful views and a wonderful private feeling, yet this community is within a mile of the new Publix and also close to restaurants and medical facilities.  Also just a couple of minutes to Florida’s Turnpike for those wishing to either commute or to make a short trip to West Palm Beach or other points just North or South.


Danforth features low HOA fees of $304.00 per quarter (as of Sept. 2012).  Construction in Danforth was first completed in 1990 with most homes dated from then to the late 1990’s and at least one home completed in 2001.  This planned unit development (PUD) was developed by Danforth Development Inc. and various builders took part in the construction of the homes.  Here is the Danforth Home Owners Association web site.

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Palm City Florida Real Estate

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

Danforth in Palm City August 2014 Market Report

 

The Yacht and Country Club of Stuart August 2014 Market Report

The Yacht and Country Club of Stuart August 2014 Market Report

August 2014 Market Update:

There are 15 homes currently for sale in the Yacht and Country Club of Stuart.  Listing prices are from $198,000 to $760,000.  (Average of $151.36 per square foot of living area)

There are currently 7 homes under contract ranging in listing price from $230,000 to $595,000. One of these homes is a short sale.  (Average of $158.65 per square foot of living area)

32 homes have sold in the past 12 months.  Ranging in sales price from $127,000 to $779,000. Two of these homes were short sales and two were bank owned foreclosures.  (the average sales price was $291.551 or $122.57 per sq. ft. of living area).


The Yacht and Country Club of Stuart, Florida Golf Course

One of the first gated golf communities in Martin County, the , Florida remains among the preeminent communities on Florida’s Treasure Coast for both the golf and yachting enthusiast.  This fine gate guarded community boasts water front homes that are only minutes from the Saint Lucie inlet and the Atlantic Ocean.  Easy access for day trips to the Bahamas and back and a true fisherman’s paradise.

The Yacht and Country Club of Stuart, Florida Clubhouse

The ‘Stuart’ golf course at the Yacht  & Country Club of Stuart, Florida features a professional 18 hole course with 6,466 yards of golf from the longest tees for a par of 71 . The course rating is 71.2 and it has a slope rating of 125 on Bermuda grass. Driving range and putting greens are also provided at this club.

The Yacht and Country Club of Stuart, Florida Canal

The clubhouse at the Yacht and Country Club of Stuart offers a professionally appointed fitness center with a a resident massage therapist.  Tennis is provided by ix lighted Har-tru tennis courts and also residents are provided with two lighted croquet lawns.

The Yacht and Country Club of Stuart, Florida Homes

There is a heated swimming pool open daily and water aerobics is offered on a weekly basis. The Yacht and Country Club of Stuart has a formal Dining Room that has earned itself a reputation as one of Stuart’s finest dining establishments. Also offered is the “Grill Room” for those who would like to enjoy a more casual dining experience.

The Yacht and Country Club of Stuart, Florida Homes

Truly a wonderful place to call home.

 

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Yacht and Country Club of Stuart, Florida - Homes for Sale

The Yacht and Country Club of Stuart August 2014 Market Report

July 2014 Pinecrest Lakes Housing Market Report

July 2014 Pinecrest Lakes Housing Market Report

There are 10 actively listed homes for sale in the Pinecrest Lakes community as of July 2014.  Listing prices range from $679,000 to $334,990 which equate to an average of $154 per sq. ft. of living area.  (No bank owned or distressed sales)
There are 3 homes under contract and awaiting closing.  List prices are $295,000 to $380,930 at an average asking price of $154 per sq. ft. of living area.
In the past 12 months, 28 homes have sold in Pinecrest Lakes with sales prices ranging from $250,000 to $447,680 which was an average of $146 per sq. ft. of living area.  In these sales there was one short sale and one foreclosure.
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

 

July 2014 Pinecrest Lakes Housing Market Report

Hobe Sound FL 33455 Condo Market Report June 2014

Hobe Sound FL 33455 Condo Market Report June 2014

 

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

 

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

 

There are currently 18 active condo listings. (Down by 2 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2014

 

4 Condo sales are pending and awaiting close. (Decreased by 1 condo from May)

Hobe Sound FL 33455 Condo Market Report June 2014

 

2 Condos sold in May (Down by 1 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2014

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  With only 18 condos on the market, not much variety for buyers to look at.  And, unfortunately the activity also continued to slow for June with reduced pending and closed listings.

The current absorption rate is 9 months (Last month it was 6.7 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 June 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 June 2013 numbers were:  19 active listings, 10 pending sales and no closed sales.   As poor as the activity was this year, it’s still an improvement over 2013.

Hobe Sound FL 33455 Condo Market Report June 2014

 

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Hobe Sound FL 33455 Condo Market Report June 2014

 

Hobe Sound FL 33455 Residential Market Report June 2014

Hobe Sound FL 33455 Residential Market Report June 2014

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

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

There are currently 261 active listings. (Down by 11 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2014

 

95 Residential sales are pending and awaiting close  (Increased by 11 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2014

 

40 Homes Sold in June (Down by 7 homes from last month)

Hobe Sound FL 33455 Residential Market Report June 2014

 

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County for June is showing some very strong pending activity.  An excellent indication for strong future closed sales.  Unfortunately, closed sales were off for June.  The inventory of available homes for sale also declined and is getting fairly low by historical standards for Hobe Sound.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased slightly to 6.5 months (5.8 months in May).  Back into an almost balanced market for Hobe Sound after over a year of being in a sellers 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 June 2013 were:  238 active listings, 96 pending sales and 42 closed sales.   Very nearly identical activity to that of June 2013.

Hobe Sound FL 33455 Residential Market Report June 2014

 

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Hobe Sound FL 33455 Residential Market Report June 2014

Jensen Beach FL 34957 Condo Market Report June 2014

Jensen Beach FL 34957 Condo Market Report June 2014

 

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

 

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



There are currently 31 active listings. (No change from May)

Jensen Beach FL 34957 Condo Market Report June 2014

 

10 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from May)

Jensen Beach FL 34957 Condo Market Report June 2014

 

3 Condos Sold (Down by 2 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2014

 

 The Jensen Beach FL 34957 Condo Market Report June 2014 remains a small sector as far as condos in Martin County. After a couple of months of inventory gains, the trend stopped in Junes and available condos for sale remained unchanged.  Pending sales were up by only 1 condo and closed sales were off.

The one month absorption rate for the June 2014, Jensen Beach Florida Market Report ZIP Code 34957 rose to 10.3 months (6.2 months in May), back into a buyers market after an exceptionally active spring.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The June 2012 numbers were: 31 active listings, 24 pending sales and 7 condos closed.   Much stronger activity last year.

Jensen Beach FL 34957 Condo Market Report June 2014

 

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Jensen Beach FL 34957 Condo Market Report June 2014

Jensen Beach FL 34957 Residential Market Report June 2014

Jensen Beach FL 34957 Residential Market Report June 2014

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

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

 There are currently 122 active listings. (Increased by 10 homes from last month)

Jensen Beach FL 34957 Residential Market Report June 2014

 

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

Jensen Beach FL 34957 Residential Market Report June 2014

 

25 Homes Sold (Decreased by 17 homes from May)

Jensen Beach FL 34957 Residential Market Report June 2014

 

Following an exceptionally strong May, the Jensen Beach FL 34957 Residential Market Report cooled a bit for June 2014.  Pending sales dropped for the third month in a row, which way be an indication of some future weakness in the number of sales.  Closed sales unfortunately declined.  There was also a nice little increase in inventory making a greater choice of homes for those looking in Jensen Beach.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 4.9 months (2.7 months in May).  Still a strong 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 June 2012 numbers were: 112 active listings, 75 pending sales and 31 home sales closed.  Last years activity was still better for Jensen Beach.  This is a hot segment of the Martin County residential real estate market.
 
Jensen Beach FL 34957 Residential Market Report June 2014
 
 

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Jensen Beach FL 34957 Residential Market Report June 2014

Palm City FL 34990 Condo Market Report June 2014

Palm City FL 34990 Condo Market Report June 2014

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

 

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



There are currently 56 active condo listings. (Up by 4 condos from May)

Palm City FL 34990 Condo Market Report June 2014

 

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

Palm City FL 34990 Condo Market Report June 2014

 

3 Condos Sold in June. (Down by 1 condo from May)

Palm City FL 34990 Condo Market Report June 2014

 

A second very weak month for the Palm City FL 34990 condo real estate market.  The inventory rose while both pending and closed sales declined.  The Palm City condo market is quite small and inferences into the more general condo market should not be made.

The current absorption rate for condos in the 34990 zip code area rose to 18.7 months (was 13 months in May).   A strong buyers 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 June 2012 numbers were: 54 active listings, 14 pending sales and 8 closed sales.   Much better activity in 2013.  Hopefully, this segment of the Martin County FL real estate market will strengthen soon.
 
Palm City FL 34990 Condo Market Report June 2014
 

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Palm City FL 34990 Condo Market Report June 2014

Palm City FL 34990 Residential Market Report June 2014

Palm City FL 34990 Residential Market Report June 2014

 

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

 

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


There are currently 444 active listings (An increase of 8 homes from May)

Palm City FL 34990 Residential Market Report June 2014

 153 Residential sales are pending and awaiting close or lender approval. (Decreased by 22 homes from last month)

Palm City FL 34990 Residential Market Report June 2014

94 Homes Sold in May (Up by 22 homes from May)

Palm City FL 34990 Residential Market Report June 2014

     A good strong June for closed sales in the Palm City FL 34990 residential real estate market.   Unfortunately pending sales were off, a potential warning for weaker future sales.  The inventory remained strong with a small increase.
 
     The current absorption rate decreased to 4.7 months from 6.1 months in May, putting the Palm City residential real estate market back into a sellers market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

     The June 2012 numbers were:  382 active listings, 162 pending sales and 69 closed sales.  Considerably grater closed activity this year, but weaker pending sales figures.

Palm City FL 34990 Residential Market Report June 2014

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Palm City FL 34990 Residential Market Report June 2014

Stuart FL 34997 Condo Market Report June 2014

Stuart FL 34997 Condo Market Report June 2014

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

 

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

There are currently 67 active condo listings (Down by 7 condos from May).

Stuart FL 34997 Condo Market Report June 2014

 

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

Stuart FL 34997 Condo Market Report June 2014

 

15 Condos Sold in June (Decreased by 13 condos from May).

Stuart FL 34997 Condo Market Report June 2014

 

A considerable easing of activity for the Stuart FL condo market for zip code 34997 in June of 2014.  If you read my previous market reports for this segment of the Martin County market, this was not unexpected as pending sales have been decreasing over the past few months and continued to do so in June.  Both closed sales as well as available inventory also continue to decrease.  Though, this is still a very active market.  It’s just that the super strong Spring activity is not sustainable for this area for the summer.

The one month absorption rate is now 4.7  months from last months 2.6.  Still in a 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 June 2012 numbers were: 77 active listings, 32 pending sales and 8 closed sales.  Continuing to be a better market tha last year and slowly getting back into a more sustainable activity level.

Stuart FL 34997 Condo Market Report June 2014

 
 
 

 

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

 

 

Stuart FL 34997 Residential Market Report June 2014

Stuart FL 34997 Residential Market Report June 2014

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

 

There are currently 381 active listings (Decreased by 32 homes from May).

Stuart FL 34997 Residential Market Report June 2014

185 Residential sales are pending and awaiting close or lender approval (Increased of 21 homes from May).

Stuart FL 34997 Residential Market Report June 2014

80 Homes Sold in June (Decreased by 27 homes from May)

Stuart FL 34997 Residential Market Report June 2014

      The Stuart Florida Residential Market for ZIP Code 34997 has been one of the hottest areas for Martin County residential sales.  Unfortunately, June saw a little decrease in activity with 27 fewer sales from the previous month.  Though, pending sales increased which is a good indicator for strong future sales.  Inventory was down by a fairly significant number making fewer options available for buyers of single family homes in the Stuart area.
 
 
     The current one month absorption rate rose to 4.8 months (was 3.9 months for May).  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 June, were: 332 active listings, 172 pending listings and 68 closed sales.  This segment of the Stuart residential market has a dramatic increase in inventory when compared to last year.  Considerably stronger activity in this segment of the Stuart residential real estate market.
 
Stuart FL 34997 Residential Market Report June 2014
 
 

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Stuart FL 34997 Residential Market Report June 2014

Stuart FL 34996 Condo Market Report June 2014

Stuart FL 34996 Condo Market Report June 2014

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

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

There are currently 139 active condo listings (Down by 6 condos from last month).

Stuart FL 34996 Condo Market Report June 2014

 

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

Stuart FL 34996 Condo Market Report June 2014

 

17 Condos Sold in June (Decreased by 9 condos from May) 

Stuart FL 34996 Condo Market Report June 2014

 

A second month in a row for decreasing activity in the Stuart FL 34996 Condo Market.   Both pending and closed sales were off from last month.  Unfortunately this segment of the Stuart condo market has slipped back into a bit of the doldrums.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 8.2 months from May’s 5.6 months .  Now back into a buyers market after more than a year of strong activity.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for June 2012 were: 184 active listings, 31 pending sales and 17 closed sales.  Comparing this activity to last year, we are still more active when the reduced inventory is factored into the mix.

Stuart FL 34996 Condo Market Report June 2014

 

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Stuart FL 34996 Condo Market Report June 2014

Stuart FL 34996 Residential Market Report June 2014

Stuart FL 34996 Residential Market Report June 2014

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

 

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

 

There are currently 177 active listings (Decreased by 10 home from May).

Stuart FL 34996 Residential Market Report June 2014

 

 38 Residential sales are pending and awaiting close or lender approval (Decreased by 10 homes from May).

Stuart FL 34996 Residential Market Report June 2014

15 Homes Sold in June (Decreased by 5 homes from May).

Stuart FL 34996 Residential Market Report June 2014

After a promising trend in May for the 34996 zip code area of the Stuart Florida residential real estate market, June numbers went in the wrong direction.  Closed and pending sales were both off and the inventory decreased as well.

The one month absorption rate for the 34996 zip code area of Stuart Florida for June increased to 11.8 months as compared to May’s 9.4 months.  Still a buyers market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for June of 2012 were: 153 active listings, 42 pending sales and 21 closed sales.   This segment of the Stuart market continues to lag behind the results from 2013 as well as other areas of Martin County.

Stuart FL 34996 Residential Market Report June 2014

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Stuart FL 34996 Residential Market Report June 2014

Stuart FL 34994 Residential Market Report June 2014

Stuart FL 34994 Residential Market Report June 2014

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

 

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

There are currently 71 active listings (Decreased by 2 homes from May)

Stuart FL 34994 Residential Market Report June 2014

34 Residential sales are pending and awaiting close or lender approval (Up by 2 homes from May).

Stuart FL 34994 Residential Market Report June 2014

13 Homes Sold in June (Increased by 3 homes from May)

Stuart FL 34994 Residential Market Report June 2014

June activity for the 34994 ZIP code area of the Stuart, Florida showed positive results with both increased pending and closed sales.  The only caution is the continued decrease of inventory making for less potential home sales for the future.

The one month absorption rate for the 34994 zip code for June decreased to 5.5 months from last months 7.3 months.  A  shift back into a sellers market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The June 2012 numbers were 54 Active Listings, 36 pending sales and 11 closed sales.   Considering the increased inventory this year as compared to 2013, market activity is not quite as robust.

Stuart FL 34994 Residential Market Report June 2014

 

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Stuart Florida Market Report ZIP Code 34994 Residential June 2014

Sewalls Point Single Family Market Report June 2014

Sewalls Point Single Family Market Report June 2014

Sewalls Point Real Estate Snapshot, Residential Sales for June 2014

 

There are currently 53 active listings (Down by 5 homes from May)

Sewalls Point Single Family Market Report June 2014

11 Residential sales are pending and awaiting close or lender approval (Down by 3 homes from last month)

Sewalls Point Single Family Market Report June 2014

5 Homes sold in June (Unchanged from May)

Sewalls Point Single Family Market Report June 2014

The Sewalls Point single family homes market activity for June 2014 had the same number of closed sales as in May.  Both the inventory and pending sales declined for June.  Whether this means decreased activity for the future or not remains to be seen, but it appears to be the case.

The absorption rate is currently 10.6 months better than last months 11.6 but still of room for improvement.  It’s been a strong buyers market for Sewalls Point in the past 5 months now, as activity for this community has slowed this year.  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 June of 2013, the inventory was 52 homes on the market, 10 pending sales and there were 8 closed sales.  Better closed activity in 2013.  Other parameters are mostly unchanged.

Sewalls Point Single Family Market Report June 2014

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Sewalls Point Single Family Market Report June 2014

 

July 2014 Market Report for Osprey Cove in Hobe Sound

July 2014 Market Report for Osprey Cove in Hobe Sound

There are currently 6 homes for sale in Osprey Cove in Hobe Sound, FL.  Listing prices range from $569,000 to $689,900 for an average price per square foot of living area of $230.59.

There are no homes currently under contract in Osprey Cove.

In the past 12 months, 3 homes have sold with sales prices ranging from $559,000 to $615,000 at an average of $182.55 per sq. ft. of living area.

July 2014 Market Report for Osprey Cove in Hobe Sound

 

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.

July 2014 Market Report for Osprey Cove in Hobe Sound

For 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.

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.

July 2014 Market Report for Osprey Cove in Hobe Sound

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

July 2014 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

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July 2014 Market Report for Osprey Cove in Hobe Sound