Hobe Sound FL 33455 Condo Market Report November 2014

Hobe Sound FL 33455 Condo Market Report November 2014

 

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

 

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

 

There are currently 9 active condo listings. (Down by 10 condo from October)

Hobe Sound FL 33455 Condo Market Report November 2014

4 Condo sale is pending and awaiting close. (Down by 1 condo from October)

 Hobe Sound FL 33455 Condo Market Report November 2014

4 Condos sold in October (Increased by 3 condos from October)

Hobe Sound FL 33455 Condo Market Report November 2014

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory is now down to single digits  I haven’t seen this ever before for the Hobe Sound condo market.  Closed sales increased from last month and pending sales dropped slightly.  With the inventory so low, I don’t expect to see much activity until available condos for sale come on the market.

The current absorption rate is 2.3 months (Last month it was 15 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 November 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 November 2013 numbers were: 21 active listings, 3 pending sales and 2 closed sales.  Much better activity for this year.  With less than half the inventory, market activity is still double from last year’s values.

Hobe Sound FL 33455 Condo Market Report November 2014

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Hobe Sound FL 33455 Condo Market Report November 2014

 

Stuart FL 34997 Condo Market Report November 2014

Stuart FL 34997 Condo Market Report November 2014

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

 

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

There are currently 51 active condo listings (Down by 7 condos from October).

Stuart FL 34997 Condo Market Report November 2014

25 Condo sales are pending and awaiting close or lender approval (Increased by 5 condos from October).

Stuart FL 34997 Condo Market Report November 2014

10 Condos Sold in November (Decreased by 11 condos from October).

Stuart FL 34997 Condo Market Report November 2014

The Stuart FL condo market for zip code 34997 showed some mixed signals for November of 2014.  Closed sales plunged after a very good month in October, while there was a nice increase in pending sales.The inventory continued to decline.
 
The one month absorption rate rose to 5.1 months after last months amazing 2.8.  Still 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 November 2013 numbers were: 91 active listings, 12 pending sales and 6 closed sales.  With almost 50% lower inventory, this market continues to outperform that of 2013.

Stuart FL 34997 Condo Market Report November 2014

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

 

 

Stuart FL 34996 Condo Market Report November 2014

Stuart FL 34996 Condo Market Report November 2014

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

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

There are currently 144 active condo listings (Down by 8 condos from last month).

Stuart FL 34996 Condo Market Report November 2014

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

Stuart FL 34996 Condo Market Report November 2014

24 Condos Sold in November (Increased by 9 condos from October) 

Stuart FL 34996 Condo Market Report November 2014

The Stuart FL 34996 Condo Market picked up a little steam as we headed into November.  While pending sales were off, closed sales took a nice jump.  The inventory was down unfortunately, though I would anticipated that this will turn around as we head into high season for condo sales.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 6 months from October’s 10.1 months .  Back into a balanced market after last months weaker activity.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for November 2013 were: 178 active listings, 35 pending sales and 17 closed sales.  Inventory is still considerably under last years levels.  Our current activity as a percentage of available product is better than it was in 2013.

Stuart FL 34996 Condo Market Report November 2014

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Stuart FL 34996 Condo Market Report November 2014

Stuart FL 34994 Condo Market Report November 2014

Stuart FL 34994 Condo Market Report November 2014

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

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

 

There are currently 90 active condo listings (Down by 4 condos from October).

Stuart FL 34994 Condo Market Report November 2014

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

Stuart FL 34994 Condo Market Report November 2014

18 Condos Sold in November (Up by 2 condos from October).

Stuart FL 34994 Condo Market Report November 2014

The Stuart FL 34994 Condo market continues to show strong activity.  Inventory remains low, though I would expect to see a rise in active listings as we enter the condo season in Florida.  Closed sales were up slightly, unfortunately pending sales were off, though still strong.

The one month absorption rate decreased to 5 months compared to last month’s 5.9.  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 November the numbers were 118 active listings, 42 pending sales, and 20 closed sales.  Slightly stronger activity this year when the reduced inventory is factored into the percentages.

Stuart FL 34994 Condo Market Report November 2014

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

Hobe Sound FL 33455 Condo Market Report October 2014

Hobe Sound FL 33455 Condo Market Report October 2014

 

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

 

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

 

There are currently 19 active condo listings. (Down by 5 condo from September)

Hobe Sound FL 33455 Condo Market Report October 2014

5 Condo sale is pending and awaiting close. (Up by 4 condos from September)

Hobe Sound FL 33455 Condo Market Report October 2014 

1 Condos sold in September (Decreased from 2 sales in September)

Hobe Sound FL 33455 Condo Market Report October 2014

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory is down to only 15 condos for sale in all of Hobe Sound.  Pending sales were up for October after being zero in September.  Though, only 1 closed sale last month.

The current absorption rate is 15 months (Last month it was 9.5 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 October 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 October 2013 numbers were: 15 active listings, 4 pending sales and 1 closed sales. Almost identical to last year’s activity.

Hobe Sound FL 33455 Condo Market Report October 2014

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Hobe Sound FL 33455 Condo Market Report October 2014

 

Stuart FL 34997 Condo Market Report October 2014

Stuart FL 34997 Condo Market Report October 2014

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

 

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

There are currently 58 active condo listings (Down by 2 condos from September).

Stuart FL 34997 Condo Market Report October 2014

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

Stuart FL 34997 Condo Market Report October 2014

21 Condos Sold in October (Increased by 12 condos from September).

Stuart FL 34997 Condo Market Report October 2014

The Stuart FL condo market for zip code 34997 continues with strong activity for October of 2014.  Closed sales increased by more than 50% from last month.  Unfortunately, pending sales were off, while the inventory too a small drop.

The one month absorption rate dove to 2.8  months from last months 6.7.  Back into a sellers market after last months balanced 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 October 2013 numbers were: 91 active listings, 17 pending sales and 19 closed sales.  Even with the considerably lower inventory, this segment of the Stuart condo market is markedly outperforming last year’s activity.

Stuart FL 34997 Condo Market Report October 2014

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

 

 

Stuart FL 34996 Condo Market Report October 2014

Stuart FL 34996 Condo Market Report October 2014

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

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

There are currently 152 active condo listings (Up by 5 condos from last month).

Stuart FL 34996 Condo Market Report October 2014

50 Condo sales are pending and awaiting close or lender approval (Increased by 13 condos from September).

Stuart FL 34996 Condo Market Report October 2014

 

15 Condos Sold in October (Decreased by 13 condos from September) 

Stuart FL 34996 Condo Market Report October 2014

The Stuart FL 34996 Condo Market demonstrated a weaker October 2014.  Closed sales took a big dive, fortunately pending sales were up and interestingly this segment saw a rise in inventory.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 10.1 months from September’s 5.25 months .  Back into a buyers market after last months strong activity.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for October 2013 were: 171 active listings, 32 pending sales and 22 closed sales.  Inventory is still considerably under last years levels and sales are also lower.  The bright note is the increase in pending sales which should result in greater sales numbers in the near future.

Stuart FL 34996 Condo Market Report October 2014

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Stuart FL 34996 Condo Market Report October 2014

Stuart FL 34994 Condo Market Report October 2014

Stuart FL 34994 Condo Market Report October 2014

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

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

 

There are currently 94 active condo listings (Down by 1 condos from September).

Stuart FL 34994 Condo Market Report October 2014

31 Condo sales are pending and awaiting close or lender approval. (Down by 11 condos from last month) 

Stuart FL 34994 Condo Market Report October 2014

16 Condos Sold in October (Down by 4 condos from September).

Stuart FL 34994 Condo Market Report October 2014

The Stuart FL 34994 Condo market eased a bit for October, though still having strong activity.  Both pending and closed sales were down from last month, with the inventory basically unchanged.

The one month absorption rate remained basically unchanged at 5.9  months compared to last month’s 4.75.  Still a slight 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 October the numbers were 121 active listings, 43 pending sales, and 14 closed sales.  Our inventory is significantly lower from last year, yet sales continue to be better.  Pending sales are lower.

Stuart FL 34994 Condo Market Report October 2014

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

Conquistador Market Update November 2014

Conquistador Market Update November 2014

Homes:  Only 1 Active listing in Conquistador Estates.  The list price is $299,000 which equates to $181.76 per sq. ft. of living area.

There is one home under contract awaiting settlement.  The list price is $399,000 which is $132.51 per sq. ft. of living area.

In the past 12 months, 5 homes have sold in Conquistador Estates with sales prices ranging from $155,000 to $250,000.  An average sales price of $217,000 or $123.02 per sq. ft. of living area at 92% list to sales ratio.  None of these sales were short sales or foreclosures.

Condos:  There are currently 9 condos for sale in Conquistador.  Listing prices range from $79,000 to $229,000.  The average is $108.17 per sq. ft. of living area.  All of these listings are conventional sales.

2 Condos are under contract awaiting settlement.  List prices are $85,000 and $96,000 for an average of 82.45 per sq. ft. of living area.  Once again, none of these listing are distressed properties.

In the past 12 months, 27 condos have sold in Conquistador.  Sales prices ranged from $63,000 to $149,000.  The average sales price was $92,485 which equals a per sq. ft. value of $79.81, and these sales averaged a 93% list to sales ratio.  There was 1 foreclosure and two short sales in these sales.

Conquistador homes and condos are in the the prime senior location in Stuart Florida.  The Conquistador community is located on the shores of the wide Saint Lucie River and only minutes from the beaches of the Atlantic Ocean as well as being right next door to the Martin County Municipal Golf Course with easy access to shopping, restaurants, medical facilities.

Conquistador is a mix of single family homes (the estates section) and 3 story condominiums.  The condominiums have access to their own pool areas as well as barbecue areas or the main club house pool.

This is a very active senior community with an active clubhouse with fitness room, main ballroom, reading library and activities throughout the year.  Conquistador is not just a seasonal residence as many owners enjoy the benefits of year round living in fabulous Martin County with all the amenities that this jewel of the Treasure Coast has to offer.

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 For any questions you may have about Conquistador Homes and Condos in Stuart, Florida, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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

Conquistador Market Update November 2014

October 2014 Update for the Courtyards at Willoughby

October 2014 Update for the Courtyards at Willoughby

Courtyards at Willoughby Condos

Courtyards at Willoughby

The charming townhomes in the Courtyards at Willoughby are located close to Historic Downtown Stuart as well as many other shopping, dining and entertainment areas that Stuart, Jensen Beach and Palm City have to offer.

The Courtyards at Willoughby in Stuart FLThere are only 44 residences in the Courtyards at Willoughby with four different models to choose from, The Juno, The Jupiter, The Hutchinson, and The Jensen depending on your needs. The models go up to 3 bedroom, 2 bathroom two level homes with 1,532 sq. ft. of living area down to 2 bedroom, 2 bath one level living with 1,125 sq. ft. of living space and some models feature garages. Maintenance fees at the time of this writing (October 2014) run from $350 per month and lower depending on the size of the unit. Up to 1 medium sized pet is allowed.

The Courtyards at Willoughby in Stuart FL

This community features a swimming pool, with a sundeck and cabana grilling area, and a 24 hour fitness center! The surrounding school district is ‘A’ rated.

The Courtyards at Willoughby in Stuart FL

As of October 2014 there is only one active listing in the Courtyards at Willoughby.  It is a 3 bedroom, 2 bath townhome with a two car garage.  The list price is $195,000.

There are three pending listings.  All are 2 bedroom units that were listed from $109,900 to $129,000 for an average list price of $115,966 which equals $98.78 per sq. ft. of living area. 2 of these homes are short sales.

In the past 12 months, there have been 7 sales in the Courtyards at Willoughby.  Sales prices ranged from $103,100 to $179,900 for an average sold price of $129,750 which was $97.33 per sq. ft. of living area.  There were no foreclosures and one shortsale in this group of sales.

 

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October 2014 Update for the Courtyards at Willoughby


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Hobe Sound FL 33455 Condo Market Report September 2014

Hobe Sound FL 33455 Condo Market Report September 2014

 

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

 

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

 

There are currently 19 active condo listings. (Up by 1 condo from August)

Hobe Sound FL 33455 Condo Market Report September 2014

1 Condo sale is pending and awaiting close. (Down 3 condos from August)

 

2 Condos sold in August (Unchanged from August)Hobe Sound FL 33455 Condo Market Report September 2014

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. There are now no pending sales in the Hobe Sound for September. Not a good sign for future activity. Active listings increased by one and closed sales remained at 2 units.

The current absorption rate is 9.5 months (Last month it was 9 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 September 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 September 2013 numbers were: 14 active listings, 3 pending sales and 6 closed sales. A considerably weaker market for Hobe Sound condos this year when compared to last year.

Hobe Sound FL 33455 Condo Market Report September 2014

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Hobe Sound FL 33455 Condo Market Report September 2014

 

Plantation House Condo Indian River Plantation Sold

Plantation House Condo Indian River Plantation SoldPlantation House Condo in Indian River Plantation

Suite 309 in Plantation House has been sold by the Gabe Sanders BlueWater realty team for $362,500.

Plantation House Condo in Indian River PlantationEnjoy the beach casual lifestyle at Indian River Plantation from this 3rd floor 2 bedroom – 2 bath oceanfront condominium on Hutchinson Island. This fully furnished unit is ready to move in. Memberships are available separately to the Ocean Club at the Marriott Beach Resort that includes a Par 61- golf course, tennis, fitness center, and access to Marriott Resort pool and dining facilities.

LivingThe Plantation House condo is an Oceanfront building of 4 stories in Indian River Plantation on Hutchinson Island in Stuart, FL.  There are 39 units in this building and all are 2 Bedroom and 2 Baths.  Current condo association fees are $1,700 per quarter.

Plantation House Condo in Indian River PlantationPlantation House Condo in Indian River PlantationHutchinson Island Condos For Sale

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Plantation House Condo Indian River Plantation Sold

Stuart FL 34997 Condo Market Report September 2014

Stuart FL 34997 Condo Market Report September 2014

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

 

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

There are currently 60 active condo listings (Up by 5 condos from August).

Stuart FL 34997 Condo Market Report September 2014

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

Stuart FL 34997 Condo Market Report September 2014

9 Condos Sold in September (Decreased by 5 condos from August).

Stuart FL 34997 Condo Market Report September 2014

The Stuart FL condo market for zip code 34997 continues with strong activity for September of 2014.  Closed sales were off for this month but there were increases in both inventory and pending sales which is a signal for further improvements in the future.  After some very strong results in the past few months we are back into a more sustainable market.

The one month absorption rate rose to 6.7  months from last months 3.9.  Back into a balanced market after a couple of months of extreme sellers advantage.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The September 2013 numbers were: 76 active listings, 28 pending sales and 7 closed sales.  Even with the reduced inventory as compared to last year, this segment of the Stuart condo market is outperforming last year’s activity.

Stuart FL 34997 Condo Market Report September 2014

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

 

 

Stuart FL 34996 Condo Market Report September 2014

Stuart FL 34996 Condo Market Report September 2014

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

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

There are currently 147 active condo listings (Down by 2 condos from last month).

Stuart FL 34996 Condo Market Report September 2014

 37 Condo sales are pending and awaiting close or lender approval (Decreased by 11 condos from August).

Stuart FL 34996 Condo Market Report September 2014

 

28 Condos Sold in September (Increased by 14 condos from August) 

Stuart FL 34996 Condo Market Report September 2014

The Stuart FL 34996 Condo Market demonstrated a very strong September 2014, with a nice increase in closed sales.  Unfortunately pending sales declined, while the inventory basically remained unchanged. 

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 5.25 months from August’s 10.6months .  Back into a sellers market after a three month buyers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for September 2013 were: 176 active listings, 35 pending sales and 17 closed sales.  2014 has outperformed last year for the 34996 zip code for Stuart condos.Stuart FL 34996 Condo Market Report September 2014

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Stuart FL 34996 Condo Market Report September 2014

Stuart FL 34994 Condo Market Report September 2014

Stuart FL 34994 Condo Market Report September 2014

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

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

 

There are currently 95 active condo listings (Down by 10 condos from August).

Stuart FL 34994 Condo Market Report September 2014

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

Stuart FL 34994 Condo Market Report September 2014

20 Condos Sold in September (Down by 2 condos from August).

Stuart FL 34994 Condo Market Report September 2014

 Still an active market for the Stuart FL 34994 Condo market.  Unfortunately, the inventory is getting low which means less of a choice for buyers coming into the area (or transitioning to new properties).  Pending sales are very strong while closed sales were down slightly for September.

The one month absorption rate remained basically unchanged at 4.75  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 September the numbers were 119 active listings, 48 pending sales, and 15 closed sales.  Overall better activity this year when the reduced inventory is factored in as percentages of market activity.

Stuart FL 34994 Condo Market Report September 2014

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

Hobe Sound FL 33455 Condo Market Report August 2014

Hobe Sound FL 33455 Condo Market Report August 2014

 

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

 

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

 

There are currently 18 active condo listings. (Up by 1 condo from July)

Hobe Sound FL 33455 Condo Market Report August 2014

1 Condo sale is pending and awaiting close. (Down 3 condos from July)

Hobe Sound FL 33455 Condo Market Report August 2014

2 Condos sold in July (Unchanged from July)

Hobe Sound FL 33455 Condo Market Report August 2014

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Unfortunately with only 1 pending sale, future activity could be quite weak.  No change in closed sales for August.

The current absorption rate is 9 months (Last month it was 8.5 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 August 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 August 2013 numbers were:  14 active listings, 8 pending sales and 1 closed sales.  Pending sales were considerably stronger last year with a smaller inventory.

Hobe Sound FL 33455 Condo Market Report August 2014

 

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Hobe Sound FL 33455 Condo Market Report August 2014

 

Stuart FL 34997 Condo Market Report August 2014

Stuart FL 34997 Condo Market Report August 2014

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

 

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

There are currently 55 active condo listings (Down by 6 condos from July).

Stuart FL 34997 Condo Market Report August 2014

27 Condo sales are pending and awaiting close or lender approval (Decreased by 1 condo from July).

Stuart FL 34997 Condo Market Report August 2014

14 Condos Sold in August (Decreased by 7 condos from July).

Stuart FL 34997 Condo Market Report August 2014

Better activity for the Stuart FL condo market for zip code 34997 in August of 2014.  Interestingly this segment of the Stuart condo market is the only one with a decrease in inventory for August.  Pending and closed sales were off for August, though it was an unusually strong July and this market is retuning to a more sustainable level.

The one month absorption rate rose to 3.9  months from last months 2.9.  Still a hot 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 August 2013 numbers were: 81 active listings, 22 pending sales and 11 closed sales.  2014 continues to outperform the 2013 market activity.

Stuart FL 34997 Condo Market Report August 2014

 
 

 

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

 

 

Stuart FL 34996 Condo Market Report August 2014

Stuart FL 34996 Condo Market Report August 2014

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

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

There are currently 149 active condo listings (Up by 6 condos from last month).

Stuart FL 34996 Condo Market Report August 2014

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

Stuart FL 34996 Condo Market Report August 2014

 

14 Condos Sold in August (Increased by 3 condos from July) 

Stuart FL 34996 Condo Market Report August 2014

Typically the summer in the Stuart FL 34996 Condo Market has reduced activity, though for this August, there was an excellent increase in activity.  Both pending and closed sales increased along with a small rise in inventory.  Very unusual for the August time frame.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 10.6 months from July’s 13 months .  The third month of 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 August 2013 were: 178 active listings, 22 pending sales and 13 closed sales.  Considerably better activity this year with a much reduced inventory.

Stuart FL 34996 Condo Market Report August 2014

 

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Stuart FL 34996 Condo Market Report August 2014

Stuart FL 34994 Condo Market Report August 2014

Stuart FL 34994 Condo Market Report August 2014

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

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

 

There are currently 105active condo listings (Down by 13 condos from July).

Stuart FL 34994 Condo Market Report August 2014

40 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month) 

Stuart FL 34994 Condo Market Report August 2014

 

22 Condos Sold in August (Down by 3 condos from July).

Stuart FL 34994 Condo Market Report August 2014

Typically the Stuart FL 34994 Condo market slows a bit in the summer, which we can see for August.   Closed sales were off slightly while the inventory of available condos also decreased. Pending sales remained unchanged.

The one month absorption rate edged up to 4.8  months compared to last month’s 4.7.  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 August the numbers were 112 active listings, 48 pending sales, and 16 closed sales.  Continuing a trend of improved activity for 2014.

Stuart FL 34994 Condo Market Report August 2014

 

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

Hobe Sound FL 33455 Condo Market Report July 2014

Hobe Sound FL 33455 Condo Market Report July 2014

 

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

 

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

 

There are currently 17 active condo listings. (Down by 1 condo from June)

Hobe Sound FL 33455 Condo Market Report July 2014

 

4 Condo sales are pending and awaiting close. (No change from June)

Hobe Sound FL 33455 Condo Market Report July 2014

 

2 Condos sold in June (Unchanged from June)

Hobe Sound FL 33455 Condo Market Report July 2014

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Now only 17 available condos listed and both pending and closed sales were steady at two condos apiece.

The current absorption rate is 8.5 months (Last month it was 9 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 July 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 July 2013 numbers were:  16 active listings, 10 pending sales and 5 closed sales.  Unfortunately, this years activity is considerably worse than last year.

Hobe Sound FL 33455 Condo Market Report July 2014

 

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Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report July 2014