Stuart FL 34996 Condo Market Report April 2018

Stuart FL 34996 Condo Market Report April 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for April 2018

For April 2018 in the 34996 Zip Code area of Stuart, Florida :

There are currently 125 active condo listings (Down by 14 condos from last month).

Stuart FL 34996 Condo Market Report April 2018

59 Condo sales are pending and awaiting close or lender approval (Up by 4 condos from March).

Stuart FL 34996 Condo Market Report April 2018

39 Condos Sold in April (Up by 10 condos from March) 

Stuart FL 34996 Condo Market Report April 2018

The Stuart FL 34996 Condo Market of Stuart had a very strong April with increases in closed and pending sales.  Unfortunately, the inventory dropped.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 3.2 months from March’s 4.8 months.  Moving to a stronger sellers’ market for this segment of Martin County condos.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for April 2017 were: 148 active listings, 35 pending sales, and 40 closed sales.  Better activity last year on a slightly higher inventory.

Stuart FL 34996 Condo Market Report April 2018

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Stuart FL 34996 Condo Market Report April 2018

Stuart FL 34994 Condo Market Report April 2018

Stuart FL 34994 Condo Market Report April 2018 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for April 2018

For April 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 97 active condo listings (Down by 30 condos from March).

Stuart FL 34994 Condo Market Report April 2018

75 Condo sales are pending and awaiting close or lender approval. (Increased by 8 condos from last month) 

Stuart FL 34994 Condo Market Report April 2018

28 Condos Sold in March (Increased by 2 condos from March).

Stuart FL 34994 Condo Market Report April 2018

The Stuart FL 34994 Condo market lost a significant amount of inventory with bery strong sales and pending activity for the month.

The absorption rate for March dropped to 3.5 months compared to last month’s 4.9.  Even a stronger seller’s market for this condo segment of Stuart’s 34994 zip code area after one month of a seller’s 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 April the numbers were 90 active listings, 31 pending sales, and 29 closed sales.  Considerably greater pending activity for this year.

Stuart FL 34994 Condo Market Report April 2018

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Stuart FL 34994 Condo Market Report April 2018 

 

Florida Townhouses and Condos March 2018 Market Report

Florida Townhouses and Condos March 2018 Market Report

The Florida Townhouses and Condos March 2018 Market Report had weaker activity when compared to last year but remains as a stong market.  Closed sales were down by 1.8% as compared to last month’s increase of 6.4% and new sales under contract (new pending sales) decreased by 3.7% (In February there was an 1.6% increase).

Prices, however, continued their upward march.  Median sales prices were up by 7.0% (was up by 7.2% in February), while the average sales price increased by 5.1% (was up 11.9% in February).

The inventory of active listings decreased by 3.6% from March of last year.  For March 2018 we have 5.9 months of inventory (was 6.0 months in February) and compared to 6.3 months for March 2017.  We remain in a seller’s market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos March 2018 Market Report

Click on the link below or the graphic to see the full market Report report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos March 2018 Market Report

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.

Florida Townhouses and Condos March 2018 Market Report

Pierpoint Yacht Club April 2018 Market Report

Pierpoint Yacht Club April 2018 Market Report

There are 2 active listings in Pierpoint for April 2018.  List prices are $154,500 and $285,000 for an average list price of $219,750 which equates to a per sq. ft. price of $169.04.

There are 3 condos currently under contract.  List prices ranged from $157,500 up to $269,000 for an average list price of $196,167 which is $150.90 per sq. ft. of living area.  These condos were on the market for an average of 96 days prior to going under contract.

In the past 12 months, 15 condos have sold in Pierpoint.  Sale prices ranged from $79,900 up to $260,000 for an average sales price of $152,813 which equals $122.23 per sq. ft. of living space.  These condos were under contract in an average of 82 days and sold at an average of 93% of the list price.

About Pierpoint in Stuart FL:

This friendly, active 55+ condominium offers two community pools, grills, shuffleboard, a waterfront clubhouse and dock.

Located in the heart of Stuart and on the shores of the wide Saint Lucie River, the Pierpoint Yacht Club Condominiums is the premier adult community in Stuart, Florida. Extremely well maintained complex of 8 buildings, some of which have magnificent water views.

Pierpoint has docks with boat slips for rent as available. Also on this dock is a fishing station and benches for all Pierpoint residents to enjoy and use. Stuart enjoys some of the finest fishing conditions in all of Florida and the east coast.

 On the shores of the Saint Lucie River, Pierpoint has a large and active clubhouse with a full kitchen available for members and special occasions. Adjacent to the clubhouse is one of two heated pools, a billiard room, reading library and shuffle board courts. There’s an outdoor lounge for sipping cocktails right on the shores of the wide Saint Lucie River. Lots of green space and ample parking complement this wonderful community.

 As of April 2018 the condo fees in Pierpoint were $346.00 per month for a one bedroom condo and $367.00 per month for a two bedroom condo.  These fees cover Basic Cable TV, Fire/Liability Insurance, Grounds / Plants, Maintenance Exterior, Manager, Pest Control, Recreational Facility, Roof Maintenance, Trash Removal, Water and Sewer.

 Search for all Pierpoint Yacht Club Condos for Sale in Stuart Florida Real Estate

Pierpoint Yacht Club April 2018 Market Report

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Hobe Sound FL 33455 Condo Market Report March 2018

Hobe Sound FL 33455 Condo Market Report March 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for March 2018

For March 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 9 active condo listings. (Decreased by 1 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2018

9 Condos are pending and awaiting close. (Up by 5 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2018

2 Condos sold in March. (Increased by 1 condo from February)

 Hobe Sound FL 33455 Condo Market Report March 2018

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Sales and pending sales were both up for this month.

The absorption rate for Hobe Sound condos was 4.5 months for March as compared to 10.0 months in February). Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes in percentages that do not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The March 2017 numbers were: 16 active listings, 4 pending sales, and 4 closed sales.  Stronger activity last year for Hobe Sound condo sales, but better pending activity this year with much lower inventory.

Hobe Sound FL 33455 Condo Market Report March 2018

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Hobe Sound FL 33455 Condo Market Report March 2018

Palm City FL 34990 Condo Market Report March 2018

Palm City FL 34990 Condo Market Report March 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for March 2018

For March 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 96 active condo listings. (Decreased by 7 condos from February)

   Palm City FL 34990 Condo Market Report March 2018

12 Condo sales are pending and awaiting close or lender approval. (Up by 2 condos from last month)

Palm City FL 34990 Condo Market Report March 2018

9 Condos Sold in March. (Up by 5 condos from February)

Palm City FL 34990 Condo Market Report March 2018

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For March there was improvement for both closed and pending sales.  The Palm City condo market is hampered by two equity golf course communities with slow sales in the current environment.

The current absorption rate for condos in the 34990 zip code area dipped to 10.7 months (was 25.8 months in July).  Still in a buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The March 2017 numbers were: 95 active listings, 10 pending sales, and 4 closed sales.  Slightly better activity last year even on a reduced number of condos available for sale (inventory).
Palm City FL 34990 Condo Market Report March 2018
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Stuart Florida Real Estate presented by:
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Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report March 2018

Stuart FL 34997 Condo Market Report March 2018

Stuart FL 34997 Condo Market Report March 2018

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2018

For March 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 56 active condo listings (Up by 2 condos from February).

Stuart FL 34997 Condo Market Report March 2018

23 Condo sales are pending and awaiting close or lender approval (Down by 9 condos from February).

Stuart FL 34997 Condo Market Report March 2018

22 Condos Sold in March (Increased by 5 condos from February).

Stuart FL 34997 Condo Market Report March 2018

      The Stuart FL condo market for zip code 34997 has a very low inventory of available condos for sale yet is showing strong activity with what is available.

     The absorption rate dropped to 2.4 months in March compared to 3.2 months for February.  Back into a strong sellers’ market for the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The March 2017 numbers were: 75 active listings, 44 pending sales, and 18 closed sales.  Better closed activity this year even with a significantly reduced number of condos for sale..

Stuart FL 34997 Condo Market Report March 2018

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Stuart FL 34997 Condo Market Report March 2018

 

 

Stuart FL 34996 Condo Market Report March 2018

Stuart FL 34996 Condo Market Report March 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for March 2018

For March 2018 in the 34996 Zip Code area of Stuart, Florida :

There are currently 139 active condo listings (Down by 2 condos from last month).

Stuart FL 34996 Condo Market Report March 2018

55 Condo sales are pending and awaiting close or lender approval (Unchanged from February).

Stuart FL 34996 Condo Market Report March 2018

29 Condos Sold in March (Unchanged from February) 

Stuart FL 34996 Condo Market Report March 2018

The Stuart FL 34996 Condo Market of Stuart showed almost no change in activity from last month.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 inched down to 4.8 months from February’s 4.9 months.  Remaining in a sellers’ market for this segment of Martin County condos.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for March 2017 were: 148 active listings, 58 pending sales and 36 closed sales.  Better activity last year on a slightly higher inventory.

Stuart FL 34996 Condo Market Report March 2018

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Stuart FL 34996 Condo Market Report March 2018

Stuart FL 34994 Condo Market Report March 2018

Stuart FL 34994 Condo Market Report March 2018 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for March 2018

For March 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 127 active condo listings (Up by 2 condos from February).

Stuart FL 34994 Condo Market Report March 2018

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

Stuart FL 34994 Condo Market Report March 2018

26 Condos Sold in February (Decreased by 2 condos from February).

Stuart FL 34994 Condo Market Report March 2018

The Stuart FL 34994 Condo market continues to show positive resilts with strong pending activity and just a slight drop in closed sales from last month.

The absorption rate for February inched up to 4.9 months compared to last month’s 4.5.  Remaining in a seller’s market for this condo segment of Stuart’s 34994 zip code area after one month of a seller’s 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 March the numbers were 88 active listings, 38 pending sales, and 21 closed sales.  Considerably greater sales activity this year along with a greater inventory of available condos for sale.

Stuart FL 34994 Condo Market Report March 2018

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Stuart FL 34994 Condo Market Report March 2018 

 

Florida Townhouses and Condos February 2018 Market Report

Florida Townhouses and Condos February 2018 Market Report

The Florida Townhouses and Condos February 2018 Market Report continued with stronger activity as compared to the previous year.  Closed sales were up by 6.4% as compared to last month’s increase of 5.9% and new sales under contract (new pending sales) increased by 1.6% (In January there was an 8.1% increase).

Prices also continued their upward march.  Median sales prices were up by 7.2% (was up by 11.7% in January), while the average sales price increased by 11.9% (was up 17.1% in January).

The inventory of active listings decreased by 3.0% from February of last year.  For February 2018 we have 6.0 months of inventory (was 5.9 months in January) and compared to 6.4 months for February 2017.  We remain in a seller’s market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos February 2018 Market Report

Click on the link below or the graphic to see the full market Report report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos February 2018 Market Report

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.

Florida Townhouses and Condos February 2018 Market Report

Hobe Sound FL 33455 Condo Market Report February 2018

Hobe Sound FL 33455 Condo Market Report February 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for February 2018

For February 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 10 active condo listings. (Decreased by 2 condos from January)

Hobe Sound FL 33455 Condo Market Report February 2018

4 Condos are pending and awaiting close. (Down by 1 condo from January)

Hobe Sound FL 33455 Condo Market Report February 2018

1 Condos sold in February. (Decreased by 3 condos from January)

 Hobe Sound FL 33455 Condo Market Report February 2018

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory, pending sales and closed sales all decreased for February.

The absorption rate for Hobe Sound condos was 10.0 months for February as compared to 3.o months in January). Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes in percentages that do not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The February 2017 numbers were: 13 active listings, 6 pending sales, and 2 closed sales.  Stronger activity last year for Hobe Sound condos.

Hobe Sound FL 33455 Condo Market Report February 2018

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Hobe Sound Florida Real Estate presented by:
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Hobe Sound FL 33455 Condo Market Report February 2018

Palm City FL 34990 Condo Market Report February 2018

Palm City FL 34990 Condo Market Report February 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for February 2018

For February 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 103 active condo listings. (Increased by 1 condos from January)

   Palm City FL 34990 Condo Market Report February 2018

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

Palm City FL 34990 Condo Market Report February 2018

4 Condos Sold in February. (Down by 9 condos from January)

Palm City FL 34990 Condo Market Report February 2018

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For February closed sales were off from last month.  Inventory and pending sales showed incrementalimprovements.

The current absorption rate for condos in the 34990 zip code area shot up to 25.8 months (was 6.8 months in July).  A very strong buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The February 2017 numbers were: 92 active listings, 11 pending sales, and 6 closed sales.  Slightly better activity last year even on a reduced number of condos available for sale (inventory).
Palm City FL 34990 Condo Market Report February 2018
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Stuart Florida Real Estate presented by:
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Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report February 2018

Stuart FL 34994 Condo Market Report February 2018

Stuart FL 34994 Condo Market Report February 2018 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for February 2018

For February 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 125 active condo listings (Up by 12 condos from January).

Stuart FL 34994 Condo Market Report February 2018

55 Condo sales are pending and awaiting close or lender approval. (Increased by 4 condos from last month) 

Stuart FL 34994 Condo Market Report February 2018

28 Condos Sold in January (Increased by 9 condos from January).

Stuart FL 34994 Condo Market Report February 2018

The Stuart FL 34994 Condo market continues to show positive resilts. Sales and pending sales both increased as well as the inventory of available condos for sale.

The absorption rate for January dropped to 4.5 months compared to last month’s 5.9.  Firmly back into a seller’s market for this condo segment of Stuart’s 34994 zip code area after one month of a seller’s 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 February the numbers were 101 active listings, 28 pending sales, and 23 closed sales.  Stronger activity this year along with an increased inventory of condos available to purchase.

Stuart FL 34994 Condo Market Report February 2018

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Stuart, FL Real Estate

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Stuart FL 34994 Condo Market Report February 2018 

 

Stuart FL 34996 Condo Market Report February 2018

Stuart FL 34996 Condo Market Report February 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for February 2018

For February 2018 in the 34996 Zip Code area of Stuart, Florida :

There are currently 141 active condo listings (Up by 1 condos from last month).

Stuart FL 34996 Condo Market Report February 2018

55 Condo sales are pending and awaiting close or lender approval (Increased by 3 condos from January).

Stuart FL 34996 Condo Market Report February 2018

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

Stuart FL 34996 Condo Market Report February 2018

The Stuart FL 34996 Condo Market of Stuart rebounded in closed sales from a weak January.  Though, the inventory continues to decline and if this trend continues there won’t be enough condos on the market to sustain strong activity.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 plunged to 4.9 months from January’s 8.2 months.  Back into a sellers’ market for this segment of Martin County condos.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for February 2017 were: 153 active listings, 56 pending sales and 19 closed sales.  Impressively stronger sales on a reduced volume of available condos for sale.

Stuart FL 34996 Condo Market Report February 2018

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Stuart Florida Real Estate presented by:
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Stuart FL 34996 Condo Market Report February 2018

Stuart FL 34997 Condo Market Report February 2018

Stuart FL 34997 Condo Market Report February 2018

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2018

For February 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 54 active condo listings (Down by 2 condos from January).

Stuart FL 34997 Condo Market Report February 2018

32 Condo sales are pending and awaiting close or lender approval (Down by 3 condos from January).

Stuart FL 34997 Condo Market Report February 2018

17 Condos Sold in February (Increased by 9 condos from January).

Stuart FL 34997 Condo Market Report February 2018

      The Stuart FL condo market for zip code 34997 continues with dropping inventory while still maintaining strong sales for February.

     The absorption rate plunged to 3.2 months in February compared to 7.0 months for January.  Back into a strong sellers’ market for the 34997 zip code of Stuart FL.  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 2017 numbers were: 75 active listings, 32 pending sales, and 22 closed sales.  Better closed activity last year, though there were also a greater number of available condos for sale.

Stuart FL 34997 Condo Market Report February 2018

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Stuart FL 34997 Condo Market Report February 2018

 

 

Florida Townhouses and Condos January 2018 Market Report

Florida Townhouses and Condos January 2018 Market Report

The Florida Townhouses and Condos January 2018 Market Report showed strong activity to begin 2018.  Closed sales were up by 5.9% as compared to last month’s increase of 6.0% and new sales under contract (new pending sales) increased by 8.1% (In December there was a 3.6% increase).

Prices also continue to rise.  Median sales prices were up by 11.7% (was up by 11.1% in December), while the average sales price increased by 17.1% (was up 17.8% in December).

The inventory of active listings decreased by 4.8% from January of last year.  For January 2018 we have 5.9 months of inventory (was 5.6 months in December) and compared to 6.4 months for January 2017.  We remain in a seller’s market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos January 2018 Market Report

Click on the link below or the graphic to see the full market Report report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos January 2018 Market Report

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.

Florida Townhouses and Condos January 2018 Market Report

VilaBella Town-Home Condos in Stuart FL February 2018 Market Report

VilaBella Town-Home Condos in Stuart FL February 2018 Market Report

In August of 2017 there is only 1 townhome for sale in VilaBella.  This home is listed for $172,500 which is $145.94 per sq. ft. of living area.
There is also 1 pending sale currently in Vilabella. The list price was $189,900 which equals $118.17 per sq. ft. of living area.  This townhome was on the market for 114 days prior to going under contract.
In the past 12 months, 6 townhomes have sold with sales prices ranging from $150,000 up to $190,000 with an average sales price of $168,750 which equals $122.32 per sq. ft. of living area.  These sales averaged 36 days on market before going under contract and sold at 97% of list price.

About Vilabella in Stuart FL:

VilaBella Central Parkway Condos in Stuart, Florida

Entrance to VilaBella Town-Home Condos


These new condominiums located in Stuart are just minutes from it all! Located on Central Parkway connecting the two main roads of Kanner Highway and US-1, VilaBella allows residents easy access to all Stuart has to offer but also keeps residents in a peaceful secluded haven. Modern and pet friendly condominiums feature stainless steel appliances with granite counter tops in the kitchen and in the bathrooms. All units have one car garages and terraces with beautiful views of this well landscaped gated community. Hurricane shutters are included with all units. Residents can enjoy a spacious club house with picnic areas and a community swimming pool. VilaBella is close to great schools, downtown Stuart and the gorgeous Stuart beaches!

VilaBella Town Home Condos in Stuart, Florida

VilaBella Town Home Condos

VilaBella Town Home Condos in Stuart, Florida

Community Pool in VilaBella Town Home Condos


Search Here for VilaBella Town Home Condos for Sale

VilaBella Town-Home Condos in Stuart FL February 2018 Market Report

 

Stuart Florida Real Estate presented by
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Hobe Sound FL 33455 Condo Market Report January 2018

Hobe Sound FL 33455 Condo Market Report January 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for January 2018

For January 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 12 active condo listings. (Increased by 2 condos from December)

Hobe Sound FL 33455 Condo Market Report January 2018

5 Condos are pending and awaiting close. (No change from December)

Hobe Sound FL 33455 Condo Market Report January 2018

4 Condos sold in January. (Unchanged from December)

 Hobe Sound FL 33455 Condo Market Report January 2018

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Results remained unchanged from last month with the exception of a couple of additional condos for sale.

The absorption rate for Hobe Sound condos was 3.o months for January as compared to 2.5 months in December). Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes in percentages that do not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The January 2017 numbers were: 13 active listings, 1 pending sales, and 14 closed sales.  Last January was an unusually strong month for closed sales in Hobe Sound condos.

Hobe Sound FL 33455 Condo Market Report January 2018

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

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report January 2018

Palm City FL 34990 Condo Market Report January 2018

Palm City FL 34990 Condo Market Report January 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for January 2018

For January 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 102 active condo listings. (Increased by 1 condos from December)

   Palm City FL 34990 Condo Market Report January 2018

9 Condo sales are pending and awaiting close or lender approval. (Down by 7 condos from last month)

Palm City FL 34990 Condo Market Report January 2018

15 Condos Sold in January. (Up by 5 condos from December)

Palm City FL 34990 Condo Market Report January 2018

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For January the market activity showed some positive gains with a nice increase in closed sales.  Unfortunately, pending sales were down which may indicate fewer closed sales in the coming months.

The current absorption rate for condos in the 34990 zip code area dropped to 6.8 months (was 10.1 months in July).  Into a balanced market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The January 2017 numbers were: 91 active listings, 8 pending sales, and 5 closed sales.  Considerably better activity this year with a higher inventory of available condos for sale.
Palm City FL 34990 Condo Market Report January 2018
Are you interested in the value of your Palm City FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

Stuart Florida Real Estate presented by:
Gabe Sanders

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report January 2018

Stuart FL 34997 Condo Market Report January 2018

Stuart FL 34997 Condo Market Report January 2018

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2018

For January 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 56 active condo listings (Down by 1 condo from December).

Stuart FL 34997 Condo Market Report January 2018

35 Condo sales are pending and awaiting close or lender approval (Up by 18 condos from December).

Stuart FL 34997 Condo Market Report January 2018

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

Stuart FL 34997 Condo Market Report January 2018

      The Stuart FL condo market for zip code 34997 Had a significant reduction of closed sales along with a very strong number of new pending sales indicating much better closed volume for the near future.

     The absorption rate jumped up to 7.0 months in January compared to 3.0 months for December.  Just about to become a buyer’s market for the 34997 zip code of Stuart FL.  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 2017 numbers were: 80 active listings, 34 pending sales, and 15 closed sales.  Weaker closed sales (on reduced inventory but much stronger pending sales.

Stuart FL 34997 Condo Market Report January 2018

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Stuart FL 34997 Condo Market Report January 2018