Search Results for: martin county single family

April 2013 Monthly Market Detail Florida Single Family Homes

05.28.13 by

April 2013 Monthly Market Detail Florida Single Family Homes

Another positive month of results reported by Florida Realtors for the April 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida.  All indices have moved in a positive direction.  Year to year closed sales were up by 17.4% and new sales under contract (new pending sales) increased by 31.9%.

Both median and average sales prices were up (April 2012 to April 2013) by 14.2% and 10.1% respectively. 

One item of concern is the active inventory which has decreased by 24.7%.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

Here’s the summary chart from the Florida Realtors report:April 2013 Market Update Florida

 

Click here to view or download the full report:
April 2013 Monthly Market Detail Florida Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

April 2013 Monthly Market Detail Florida Single Family Homes

March 2013 Monthly Market Detail Martin County Townhouses and Condos

05.12.13 by

March 2013 Monthly Market Detail Martin County Townhouses and Condos

Some very positive results reported by Florida Realtors for the March 2013 Monthly Market Detail Martin County Townhouses and Condos.   Year to year closed sales were up by an impressive 38.7% and new sales under contract (new pending sales) increased by over 41%

The median and average sales prices also increased by 12.8% and 23.6% respectively from March of 2012.

The inventory of available townhouses and condos have decreased to 687 units which id down by 20.6% from last March.  Current supply of inventory is only 7.5 months (a 30.6% decrease from last year).  For the Martin County townhouse and condo market, these results are very similar to our single family home market as both segments rapidly approach a balanced market that favors neither the buyer nor seller.

Here’s the summary chart from the Florida Realtors report:Martin County Townhouses and Condos

Click here to view or download the full report:
March 2013 Monthly Market Detail Martin County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

March 2013 Monthly Market Detail Martin County Townhouses and Condos

March 2013 Monthly Market Detail St. Lucie County Townhouses and Condos

05.10.13 by

March 2013 Monthly Market Detail St. Lucie County Townhouses and Condos

Some very positive results reported by Florida Realtors for the March 2013 Monthly Market Detail St. Lucie County Townhouses and Condos.   Year to year closed sales were up by 19.3% and new sales under contract (new pending sales) increased by 39%

Prices have remained under considerable pressure and have not improved as well as the single family market with the median price off by 10.2% from last year while the average price gained a modest 5.7%.

The inventory of available townhouses and condos have decreased to 967 units which id down by 22% from last March.  Current supply of inventory is only 9.6 months (a 38.9% decrease from last year).   While these results are not quite as strong as in the single family market, they still show strong gains from previous years.  It is just a matter of time before prices start rising a bit more dramatically.  This current environment is an excellent opportunity for buyers looking into the Saint Lucie County real estate market for townhouses and condos.St. Lucie County Townhouses and Condos

Here’s the summary chart from the Florida Realtors report:

 

Click here to view or download the full report:
March 2013 Monthly Market Detail St. Lucie County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

March 2013 Monthly Market Detail St. Lucie County Townhouses and Condos

March 2013 Monthly Market Detail St. Lucie County Single Family Homes

05.08.13 by

March 2013 Monthly Market Detail St. Lucie County Single Family Homes

Some very positive results reported by Florida Realtors for the March 2013 Monthly Market Detail St. Lucie County Single Family Homes.   Year to year closed sales were up by 11.8% and new sales under contract (new pending sales) increased by over 69%!!

Both median and average sales prices were up (march 2012 to March 2013) by 18% and 15% respectively. 

One item of concern is the active inventory which has decreased by almost half (47%).  Current supply of inventory is only 4.2 months (a 56% decrease from last year).  For March 2013 it was a strong sellers market in the St. Lucie County area.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

Here’s the summary chart from the Florida Realtors report:St. Lucie Single Family Homes

 

Click here to view or download the full report:
March 2013 Monthly Market Detail St. Lucie County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

March 2013 Monthly Market Detail St. Lucie County Single Family Homes

March 2013 Monthly Market Detail Florida Single Family Homes

04.29.13 by

March 2013 Monthly Market Detail Florida Single Family Homes

Some very positive results reported by Florida Realtors for the March 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida.  All indices have moved in a positive direction.  Year to year closed sales were up by 9% and new sales under contract (new pending sales) increased by over 23%.

Both median and average sales prices were up (march 2012 to March 2013) by 15% and 14% respectively. 

One item of concern is the active inventory which has decreased by 26%.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

Here’s the summary chart from the Florida Realtors report:

Florida Single Family Market Detail

Click here to view or download the full report:
March 2013 Monthly Market Detail Florida Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

March 2013 Monthly Market Detail Florida Single Family Homes

Martins Crossing in Stuart Florida

05.23.12 by

Martins Crossing in Stuart Florida

Located in the intimate, yet vibrant, city of Stuart near a variety of fine restaurants, cultural outlets and shopping.  Martins Crossing, boasts of  596 residences with a stunning variety of single family homes and a section of private town homes. This family friendly community was completed around 2006 with mostly newer homes.

 Community amenities include lush landscaping and with private preserve views,  The Martins Crossing Clubhouse has a sparkling resort style pool, and over sized deck, tennis courts and a playful tot lot all nearby.

 Martins Crossing is conveniently located by Kanner Hwy. and Pomeroy Street for easy access to Historic Downtown Stuart, the beaches and waterways of Martin County, restaurants, shopping and quick access to I-95.  All this in a wonderful ‘A’ rated school system.

Search for Martins Crossing Homes for Sale

Stuart Florida Estate is presented by:

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Martins Crossing in Stuart Florida

Martin County Florida Condo Market Report for March 2012

04.30.12 by

Martin County Florida Condo Market Report for March 2012

Commentary:

Unlike the residential segment of the Martin County real estate market, the Martin County Florida Condo Market Report for March 2012 showed modest increases for March of 2012 rather than the explosive growth in the single family segment of the Martin County real estate market.  Sales for March were a respectable 64 units, 19 units less than March of 2011 (83 units)  but higher than February’s 57 units. On a positive note, the median sales price rose to $103,500 from an anemic $85,000 last month.

The inventory rose slightly to 651 condos, which is up from 640 units last month and down from the 721 condos that were on the market in March of 2011.  The one month absorption rate is now at 10.2 months, while the three month average is at 12.4 months.  It remains a challenging market for condos in Martin County. We need to see the absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

The big uncertainty that remains is the economy. We believe that if we have any sustained good news, we will see a pretty good rush on the market which will be a nice change from the present. For the longer term, even though we have the best mortgage rates in history at the moment, inflation is making news and this is not good for rates down the line. The Fed is working hard to keep rates down, but for how long, we’re just not to sure.

Our outlook for Martin County is fairly positive as for buyers, prices and rates remain very attractive. For sellers, it doesn’t look like we’re going to see any significant improvements soon, so if you need to sell, you may be better off now than possibly in the near future.

Martin County Florida Condo Market Report for March 2012

the Gabe Sanders real estate team

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

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

Martin County Florida Residential Market Report for October 2011

11.20.11 by

Martin County Florida Residential Market Report for October 2011

Commentary:

The Martin County Florida residential market report for October 2011 shows some good strength when considering the season.  Sales were off only by 3 homes for a total of 113, almost identical to last year’s 114 single-family sales.  Surprisingly inventory was down by 6 homes from last month (which had a slight rise from August), and off by more than 450 homes since October of 2010 ( or by close to 30%)

The average sales price was up from last year, but down significantly from September.  This doesn’t necessarily reflect a decrease or increase in existing home prices, but more the mix of homes that sold in October.  As in previous tears, late fall sales tend to be of lower-priced homes.   This difference is much more tempered when looking at median prices as opposed to averages.  We will not be surprised to see inventory rising some in the next couple of months as well as having some soft sales volume as we enter the holiday season.  But, with inventory down, for now, rates very low, we may find the market outperforming expectations.

Our outlook for Martin County remains cautiously optimistic as prices and rates remain at historic low levels.  For sellers, homes are selling, and if priced and presented optimally, homes are selling fast and at or close to market value.

Please feel free to contact us if you have any difficulty interpreting these charts.

Residential Market Report for October 2011 in Martin County, Florida

Gabe Sanders

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

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

Another Martin Crossing Home in Stuart has SOLD!

10.08.11 by

Another Martin Crossing Home in Stuart has SOLD!

Excellent value for this super nice move-in condition newer 3 Bedroom 2 bathroom and 1 car garage CBS home. Features include granite countertops, stainless steel kitchen appliances, maple wood cabinetry, washer & dryer, tiled main areas, brick paver driveway and barrel tiled roof.

One of the best-condition bank-owned properties available on the market today.

Located in the intimate, yet vibrant, city of Stuart near a variety of fine restaurants, cultural outlets and shopping.  Martins Crossing boasts a stunning variety of single-family homes and a section of private townhomes.

Community amenities include lush landscaping and private preserve views,  Martins Crossing Clubhouse with a sparkling resort-style pool, and deck, tennis courts and a playful tot lot.

Homes and townhomes are newer (circa 2004) and offer a wide variety of styles, sizes and options.  Martins Crossing is conveniently located by Kanner Hwy. and Pomeroy Street for easy access to Historic Downtown Stuart, the beaches and waterways of Martin County, restaurants, shopping and quick access to I-95.  All this in a wonderful ‘A’ rated school system.

Search for Martin Crossing Homes and Town Homes for Sale

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

Another Martin Crossing Home in Stuart has SOLD!

Residential Market Report for January 2011 in Martin County, Florida

02.25.11 by

Residential Market Report for January 2011 in Martin County, Florida

Unlike the very strong December sales of single-family homes and townhomes in December 2010, January 2011 came in with a whimper.  Sales were down to 85 units as opposed to 148 in December.  Even prices sent mixed signals as the median price was down and the average price was up.  About the only good news was a continued small decrease in inventory.  Now down to 1787 units. Just above the low point in May of 2010 and Matching the Dec 2005 level.  The brutal winter up north might just bring more buyers for the remainder of this season.  Come back in the next few months to see the results.

Residential Market Report for December 2010 in Martin County, Florida

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

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

Residential Market Report for October 2010 in Martin County, Florida

11.22.10 by

Residential Market Report for October 2010 in Martin County, Florida

The Martin County Residential Market Reports sales data of single-family homes and townhomes as reported by the Realtor Association of Martin County.

Sales of residential units in Martin County remained basically unchanged from last month in volume while down from October of 2009 from 133 units to 114 units for this October.  The homeowners’ tax credit was in force and this certainly had an effect on the higher sales volume of last year..

Average sales prices took another dip this month while listing prices have risen slightly.  Inventory has basically remained unchanged from last year and with sales down the absorption rate is once again high ( almost 16 months) and at very unattractive levels. Barring any unforeseen external economic events, we are expecting a modest increase in sales volume after the holidays as the current buying environment is very positive with some of the best values available.  If there’s any hint of inflation and the corresponding increase in mortgage interest rates we expect a fairly strong increase in activity, unfortunately for sellers with no corresponding increase in prices.

Data compiled from the Realtor Association of Martin County

Residential Market Report for October 2010 in Martin County, Florida

the Gabe Sanders real estate team

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

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

Residential Market Report for September 2010 in Martin County, Florida

10.26.10 by

Residential Market Report for September 2010 in Martin County, Florida

The Martin County Residential Market Reports sales data of single family homes and townhomes as reported by the Realtor Association of Martin County.

Sales of residential units in Martin County were sluggish for September with a small decrease in volume from August and a little larger decrease from last year.  Inventory which has risen for the past three months showed a small decline.

On a positive note, the average sales price has risen.  In a careful analysis of sales this rise is from the increased number of sales of higher end homes rather than increases in values of existing homes.  For the middle to lower end of our market, prices have stabilized for those homes that have been updated and presented well.

Data compiled from the Realtor Association of Martin County

Residential Market Report for September 2010 in Martin County, Florida

the Gabe Sanders real estate team

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

For more information about Florida’s Treasure Coast Real Estate, visit our website or call us at (772) 888-2885.
Our market reports are here!

Residential Market Report for August 2010 in Martin County, Florida

09.24.10 by

Residential Market Report for August 2010 in Martin County, Florida

The Martin County Residential Market Reports sales data of single-family homes and townhomes as reported by the Realtor Association of Martin County.

Sales for single-family units in Martin County for August were down to 117 units as compared to July’s disappointing 145 units and last August’s 156 units.  It appears that we are seeing some reduced demand as a result of the end of the federal home buyer’s tax credit, a weak economy that has many would-be buyers (especially of second homes) nervous and waiting on the sidelines and also normal seasonal reduced activity.

After a fairly strong spring with stabilizing prices, it appears that both median and average prices took a slide in August reflecting the weaker demand and continued oversupply of available homes.  Unlike the Condo segment of the market, single-family home inventory has risen now for the fourth month in a row as those that were trying to time this market reacted to the strong spring sales, but as with most that try to time the market, have reacted a bit to slow and late.  Interest rates have also made some small increases of late that could further negatively affect the market.

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

Residential Market Report for August 2010 in Martin County, Florida

 

Martins Crossing in Stuart, Florida

08.14.10 by

Martins Crossing in Stuart, Florida

Located in the intimate, yet vibrant, city of Stuart near a variety of fine restaurants, cultural outlets and shopping.  Martins Crossing boasts a stunning variety of single family homes and a section of private town homes.  Community amenities include lush landscaping and wetland views,  Martin’s Crossing Clubhouse with a sparkling resort style pool, oversized pool deck, tennis courts and a playful tot lot.

Search the MLS for available Martins Crossing Homes and Town Homes

the Gabe Sanders real estate team

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

For more information about Florida’s Treasure Coast Real Estate, visit us at:

Search the MLS for Free

Now you can access the MLS using similar tools as Realtors. You are in control of what you want to search for, and you can search the MLS at your leisure. The information you submit in the form below can also be used to put you on an automated system where you’ll be emailed all homes that meet your search criteria. You’ll get internet access to a website that includes pictures, prices, and addresses to real estate that’s listed in the MLS!

For Martin County

Call 772-323-6996 for information

Martin County Residential Market Update

08.15.09 by

Below are the latest charts for Martin County Residential (Single Family) real estate statistics as reported by the Realtor Association of Martin County.

The Definition of Absorption Rate:
Number of weeks it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. The absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

Our inventory continues to decline and prices have leveled off and in certain isolated neighborhoods have begun to rise. We may very well be past the bottom. Careful monitoring of future trend data will give us the answers.

the Gabe Sanders real estate team

Stuart Florida Real Estate

Residential Homes, Condos and Land

Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Martin County Real Estate Inventory Declines

07.14.08 by

Martin County Florida’s single family home inventory in June declined for the fifth consecutive month, which is an indication of market improvement.

There are 2409 homes available through the Multiple Listing Service, a decrease of 71 homes from the previous month and 495 since January 2008. The month-to-month inventory declined 20.5 percent since January.

The current inventory reflects a 16-month supply at the current sales pace.

Martin County had 152 single family home sales in June, a 5 percent improvement from the 144 home sales in the month prior, and 12 percent above the 134 homes sold in June 2007.

To date, 754 homes have been sold by Realtors so far this year, a 4.3 percent increase from the 722 sales posted in the same period a year ago.

The median sales price of a home in Martin County in June fell to $234,950, a 3.1 percent increase over May’s $227,500, but 32.5 percent below the June 2007’s $337,000.
Condos sales in Martin County increased 22.2 percent in June, from 35 in June 2007 to 45 last month. Condo median prices fell 30.7 percent from $260,000 in June 2007 to $180,000 for June of 2008.

There are currently 1168 condos available for sale in the MLS as compared to 1281 in June of 2007.

These numbers show signs of positive activity in home and condo sales while showing that we’re not at the end of price declines yet. If inventory levels continue their decline, we should see a leveling of prices when absorption rates reach less than 9 months.

Understanding real estate dilemmas and their solutions is our business, and we’ll happily share our knowledge with you. Why not give us a call at (772) 323-6996 or visit us on the web at http://www.gabesanders.com/ and http://www.treasurecoastflhomes.com/. Our office is located at 1121 SE Ocean Blvd. in Stuart, Florida (Sewall’s Point); please ask for Gabe Sanders or .

Stuart FL 34996 Residential Market Report July 2019

08.26.19 by

Stuart FL 34996 Residential Market Report July 2019

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for July 2019

For July 2019 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 138 active listings (Decreased by 6 homes from June).

Stuart FL 34996 Residential Market Report July 2019 

23 Residential sales are pending and awaiting close (Down by 1 home from June).

Stuart FL 34996 Residential Market Report July 2019

20 Homes Sold in July (Up by 8 homes from June).

Stuart FL 34996 Residential Market Report July 2019

The 34996 zip code area of the Stuart Florida residential real estate market rebounded from pretty poor June activity.  Hopefully, this will continue through the rest of the summer and into fall.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for July dropped to 6.9 months as compared to 12 months for last month.  We are heading back into a balanced market this segment of the Martin County single family real estate market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to a 7 month absorption rate.

The numbers for July 2018 were: 128 active listings, 21 pending sales, and 25 closed sales.  We had pretty similar sales volume when compared to last year.

Stuart FL 34996 Residential Market Report July 2019

Are you interested in the value of your Stuart FL Condo?
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Search here for homes for sale in the 34996 zip code area of Stuart FL

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For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart FL 34996 Residential Market Report July 2019

Stuart FL 34996 Residential Market Report June 2019

07.22.19 by

Stuart FL 34996 Residential Market Report June 2019

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for June 2019

For June 2019 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 144 active listings (Decreased by 8 homes from May).

Stuart FL 34996 Residential Market Report June 2019 

24 Residential sales are pending and awaiting close (Up by 1 home from May).

Stuart FL 34996 Residential Market Report June 2019

12 Homes Sold in June (Down by 15 homes from May).

Stuart FL 34996 Residential Market Report June 2019

The 34996 zip code area of the Stuart Florida had considerably weaker sales activity for the month.  Inventory has decreased a little but sales are not keeping pace.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for June jumped up to 12 months as compared to the 5.6 months for last month.  We have transitioned back into a buyer’s market for this segment of the Martin County single family real estate market..  A balanced market, favoring neither buyer or seller is considered to be around a 6 to a 7 month absorption rate.

The numbers for June 2018 were: 105 active listings, 34 pending sales, and 26 closed sales.  Much better activity last year with less inventory of available homes for sale.

Stuart FL 34996 Residential Market Report June 2019

Are you interested in the value of your Stuart FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

Search here for homes for sale in the 34996 zip code area of Stuart FL

Search here for vacant land for sale in the 34996 zip code area of Stuart FL

Stuart Florida Real Estate presented by:
Gabe Sanders – Stuart Florida Real Estate

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart FL 34996 Residential Market Report June 2019

Stuart FL 34997 Residential Market Report April 2016

05.16.16 by

Stuart FL 34997 Residential Market Report April 2016

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

 

There are currently 309 active listings (Increased by 1 homes from March).

Stuart FL 34997 Residential Market Report April 2016

219 Residential sales are pending and awaiting close or lender approval (Increased by 44 homes from March).

Stuart FL 34997 Residential Market Report April 2016

99 Homes Sold in April (Increased by 21 homes from March)

Stuart FL 34997 Residential Market Report April 2016

      The Stuart Florida Residential Market for ZIP Code 34997 continues as the largest and the most active segment of the Martin County single family real estate market.  Closed and pending sales had a second month of large improvements from last month as this segment of the Stuart residential real estate market remains very active and at a big advantage for sellers.
     The current one month absorption rate plunged to 3.1 months (was 3.9 months for March).  Even a stronger sellers market for the 34997 segment of the Stuart residential market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2015 numbers for April, were: 315 active listings, 223 pending listings and 98 closed sales.  Very similar activity to last year.
Stuart FL 34997 Residential Market Report April 2016

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

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Stuart FL 34997 Residential Market Report April 2016

 

Stuart FL 34997 Residential Market Report March 2016

04.16.16 by

Stuart FL 34997 Residential Market Report March 2016

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

 

There are currently 308 active listings (Decreased by 13 homes from February).

Stuart FL 34997 Residential Market Report March 2016

175 Residential sales are pending and awaiting close or lender approval (Increased by 40 homes from February).

Stuart FL 34997 Residential Market Report March 2016

78 Homes Sold in March (Increased by 20 homes from February)

Stuart FL 34997 Residential Market Report March 2016Stuart FL 34997 Residential Market Report March 2016

      The Stuart Florida Residential Market for ZIP Code 34997 continues as the largest and the strongest segment of the Martin County single family real estate market.  Closed and pending sales made huge improvements from last month as this segment of the Stuart residential real estate market remains red hot.
     The current one month absorption rate plunged to 3.9 months (was 5.5 months for February).  A very strong sellers market for the 34997 segment of the Stuart residential market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2015 numbers for March, were: 351 active listings, 211 pending listings and 87 closed sales.  As hot as this market is, it was still outperformed last year, though there was a greater amount of inventory.
Stuart FL 34997 Residential Market Report March 2016

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 March 2016