Hobe Sound Florida Market Report ZIP Code 33455 Condo November 2013

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for November 2013

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

There are currently 21 active condo listings. (Up by 6 condos from October)

3 Condo sales are pending and awaiting close or lender approval. (Down by 1 condo from October)

2 Condos sold in October (Increased by 2 condos from October)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. For November, there was a nice increase in active listings. Unfortunately pending sales decreased by 1 condo. Sales were only 2 units.

The absorption rate for November decreased to 10.5 moths from last months 15 months. Still a buyers advantage for those in the Hobe Sound condo market.. Generally, a 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. These 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 may not indicate a true trend in the market.

The November 2012 numbers were: 26 active listings, 10 pending sales and 1 closed sales. Much stronger pending activity last year. With the increasing inventory, I’m hoping for better numbers in the coming season.

Please use the charts below as reference only as they rely on all residential types of property in the 33455 real estate market:

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Hobe Sound Florida Market Report ZIP Code 33455 Condo November 2013

Stuart Florida Market Report ZIP Code 34997 Condo November 2013

12.17.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34997 Condo November 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2013

For November 2013 in the 34997 Zip Code area of Stuart, Florida :

There are currently 91 active condo listings (Unchanged form October).

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

6 Condos Sold in November (Decreased by 13 condos from October).

Very poor activity for the Stuart condo market for the area in ZIP code 34997 for the month of November. Both pending and closed sales were off significantly for the month as compared to last month. The inventory remained unchanged. Very unusual results as the 34997 residential market is one of the bright spots for November 2013.

The one month absorption rate jumped to 15.2 months from last months 4.8. Back into a strong buyers’ market. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller. As I mentioned in October, we’re now back into a slower market in this segment after a fairly strong October.

The November 2012 numbers were: 97 active listings, 21 pending sales and 7 closed sales. Fairly close activity compared to last year, though last year’s pendings were much better.

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

Stuart Florida Market Report ZIP Code 34997 Condo November 2013

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2013

Stuart Florida Market Report ZIP Code 34996 Condo November 2013

12.15.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34996 Condo November 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for November 2013

For November 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 178 active condo listings (Up by 7 condos from last month).

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

17 Condos Sold in November (Down by 5 condos from October)

Mostly small changes for the real estate market in the Stuart Florida Market Report ZIP Code 34996 for Condos for November 2013. Sales were down, while pending sales rose. The inventory rose some this month gaining back some of the loss of inventory from last month.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo increased to 10.5 months from October’s 7.8. A strong buyers market for November of 2013. A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for November 2012 were: 209 active listings, 26 pending sales and 12 closed sales. Still, considerably better activity this year when compared to 2012.

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:

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Stuart Florida Market Report ZIP Code 34996 Condo November 2013

Stuart Florida Market Report ZIP Code 34994 Condo, November 2013

12.13.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Condo, November 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for November 2013

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

There are currently 118 active condo listings (Decreased by 3 condos from October).

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

20 Condos Sold in November (Increased by 6 condos from October).

A small and welcome increase in activity for the Stuart Condo market for zip code 34994. Pending sales remained virtually unchanged while we had a nice rise in closed sales to 20 condos. The inventory which rose the past two months, was once again down.

The one month absorption rate rose to 5.9 months compared to last months 8.6. A marginal sellers’ market for the 34994 zip code condo market of Stuart FL. Typically a real estate market is considered to be a balanced market with an absorption rate of 6 months. Meaning neither the buyers or sellers have an advantage in the real estate market.

Last November the numbers were 153 active listings, 42 pending sales, and 11 closed sales. Better activity this year than last, especially when considering the greatly reduced number of available condos for sale.

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:

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Stuart Florida Market Report ZIP Code 34994 – Condo, November 2013

Martin County Florida Condo Market Report for October 2013

12.10.13 by Gabe Sanders

Martin County Florida Condo Market Report for October 2013

Commentary:

The Martin County Florida Condo Market for October 2013 showed better numbers than in previous years on a year to year comparison. Still a bit slower than we would like. Inventory increased this month to 546 units (the second month in a row with gains). It was back in 2005 when we had steady inventory levels below 600 units. The median sales price decreased significantly in October to one of the lowest numbers in years. This value is more a result of the mix of sales for October which were mostly in the lower price ranges, rather than a decrease in values. Currently, prices on average appear to be holding steady with different communities showing some small gains (as well as some losses) depending on the individual community.

The one month absorption rate decreased to 9.93 months from last months 10.04 months, while the three-month average is now at 9.81 months. The condo market for Martin County continues to be a buyers market. Generally an absorption rate of 6 or 7 months is considered a balanced market.

Potential higher interest rates remain troubling for the market in general, but is not as strong an issue for our condo market as we have a fairly high percentage of cash buyers. Though, uncertainty with the economy is a big factor for vacation buyers potentially using their discretionary spending for these purchases.

Click on the charts for a larger view:

The Definition of Absorption Rate:
Number of months 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. 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.

Data compiled from the Realtor Association of Martin County

Martin County Florida Condo Market Report for October 2013

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

Stuart Florida Real Estate

Hobe Sound Florida Market Report ZIP Code 33455 Condo October 2013

11.27.13 by Gabe Sanders

Hobe Sound Florida Market Report ZIP Code 33455 Condo October 2013

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for September 2013

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

There are currently 15 active condo listings. (Up by 1 condos from September)

4 Condo sales are pending and awaiting close or lender approval. (Up by 1 condo from September)

1 Condos sold in September (Decreased by 4 condos from September)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. For October, there was little change in the market, but unfortunately closed sales dropped to only 1 unit.

The absorption rate for October jumped to 15 moths from last months sellers market of 2.8 months. Back to a strong buyers advantage for those in the Hobe Sound condo market.. Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. These 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 may not indicate a true trend in the market.

The October 2012 numbers were: 29 active listings, 7 pending sales and 2 closed sales. With only half of last years inventory, it’s difficult to generate any good market activity for Hobe Sound condos.

Please use the charts below as reference only as they rely on all residential types of property in the 33455 real estate market:

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Hobe Sound Florida Market Report ZIP Code 33455 Condo October 2013

Stuart Florida Market Report ZIP Code 34994 Condo, October 2013

11.21.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Condo, October 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for October 2013

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

There are currently 121 active condo listings (Increased by 2 condos from September).

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

14Condos Sold in October (Decreased by 1 condo from September).

For the summer season in the Stuart Condo market for zip code 34994 both pending and closed sales were down again for October. The inventory grew for a second month in a row by 2 condos. Not unexpected results as the condo market in Martin County is very seasonably dependent, though other segments of the Stuart condo market have had better activity. We are now awaiting the ‘snowbirds’ to return and to see how they feel about buying in our market.

The one month absorption rate rose to 8.6 months compared to last months 7.9. Back into a more pronounced buyer’s market. Typically a real estate market is considered to be a balanced market with an absorption rate of 6 months. Meaning neither the buyers or sellers have an advantage in the real estate market.

Last October the numbers were 143 active listings, 45 pending sales, and 13 closed sales. When the reduced inventory is accounted for, the real estate market for condos in the 34994 zip code area of Stuart is still out-performing October 2012 activity.

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:

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Stuart Florida Market Report ZIP Code 34994 – Condo, October 2013

Stuart Florida Market Report ZIP Code 34996 Condo October 2013

11.19.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34996 Condo October 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for October 2013

For October 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 171 active condo listings (Down 5 condos from last month).

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

22 Condos Sold in October (Up by 5 from September)

A steady real estate market for the Stuart Florida Market Report ZIP Code 34996 for Condos for October 2013. Sales were up and pending sales continue to be strong (even if off by a little this month). The inventory decreased again making fewer available condos for sale for buyers that are looking.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo decreased to 7.8 months from September’s 10.4. Still a buyers market for October of 2013, but very close to being balanced. A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for October 2012 were: 194 active listings, 26 pending sales and 17 closed sales. We continue to outperform last years activity levels.

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:

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Stuart Florida Market Report ZIP Code 34996 Condo October 2013

Stuart Florida Market Report ZIP Code 34997 Condo October 2013

11.14.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34997 Condo October 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2013

For October 2013 in the 34997 Zip Code area of Stuart, Florida :

There are currently 91 active condo listings (Increased by 15 condos form September).

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

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

The activity for the Stuart condo market for the area in ZIP code 34997 showed some very mixed results for the month of October. Pending sales were off considerably while closed sales increased significantly. Also, interestingly the inventory took a nice jump.

The one month absorption rate dropped to 4.8 months from last months 10.9. Back into a strong sellers market. A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller. Though with reduced pendings numbers this may swing back to a buyers market again soon.

The October 2012 numbers were: 99 active listings, 21 pending sales and 6 closed sales. Much better closed activity this year.

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

Stuart Florida Market Report ZIP Code 34997 Condo October 2013

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2013

Martin County Florida Condo Market Report for September 2013

11.07.13 by Gabe Sanders

Martin County Florida Condo Market Report for September 2013

Commentary:

The Martin County Florida Condo Market for September 2013 showed better numbers than in previous years on a year to year comparison. Still a bit slower than we would like. Inventory increased this month to 532 units (Inventory has been up and down the past few months with no real trend at this time). It was back in 2005 when we had steady inventory levels below 600 units. The median sales price increased in September and continues to be well above last year’s values. Much of the median price results are driven by the mix of units selling. Currently, prices on average appear to be holding steady with different communities showing some small gains (as well as some losses) depending on the individual community.

The one month absorption rate increased to 10.04 months from last months 9.46 months, while the three-month average is now at 9.45 months. We’ve slipped back into a buyers market for martin County condos. Generally an absorption rate of 6 or 7 months is considered a balanced market.

Higher interest rates remain troubling for the market in general, but is not as strong an issue for our condo market as we have a fairly high percentage of cash buyers. If the economy continues it’s improvement, I expect another good season for the condo market in Martin County for the upcoming season.

Click on the charts for a larger view:

Data compiled from the Realtor Association of Martin County

Martin County Florida Condo Market Report for September 2013

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

Stuart Florida Real Estate

November 2013 Market Update Circle Bay Waterfront Condos Stuart FL

11.04.13 by Gabe Sanders

November 2013 Market Update Circle Bay Waterfront Condos Stuart FL

As of November 2013, there are 22 condos on the market in the Circle Bay Yacht Club of Stuart FL. Listing prices range from $96,900 to $259,000. The average price per square foot of living area is $164.98 There are no short sales or foreclosures in the available listings.

There is one Circle bay condo under contract and awaiting close. The list price is $159,000 or $158.84 per sq. ft. of living area.

In the past 12 months, 15 Circle Bay Waterfront Condos have sold. Sales prices ranged from $77,500 to $155,000 for an average sales price of $112.17 per sq. ft. and a 90% list to sales ratio. There was 1 bank owned foreclosure included in these sales and no short sales.

Waterfront 55+ condo community with docks (for boats up to 36′) that have easy wide river and ocean access. Docks are not deeded, rather rented at reasonable monthly rates. Heated pools, clubhouse, grills, etc. are some of the numerous amenities available for residents of the Circle Bay Yacht Club. Rentals are permitted with restrictions. Sorry, no pets. Circle Bay has both elevator and non-elevator buildings. Covered car ports.

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Circle Bay Waterfront Condos Homes for Sale in Palm City Florida

November 2013 Market Update Circle Bay Waterfront Condos Stuart FL

Hobe Sound Florida Market Report ZIP Code 33455 Condo September 2013

10.30.13 by Gabe Sanders

Hobe Sound Florida Market Report ZIP Code 33455 Condo September 2013

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for August 2013

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

There are currently 14 active condo listings. (Up by 3 condos from August)

3 Condo sales are pending and awaiting close or lender approval. (Down by 5 condos from August)

6 Condos sold in August (An increase of 5 condos from August)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. For the first time in many months we had a relatively large increase in active listings (by percentage). Pending sales dropped considerably while closed sales did take a nice increase.

The absorption rate for September dropped to 2.8 moths from last months buyers market of 14 months. Back to a strong sellers advantage for those in the Hobe Sound condo market.. Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. These 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 may not indicate a true trend in the market.

The September 2012 numbers were: 28 active listings, 7 pending sales and 2 closed sales. Other than this months pending sales decline, we compare quite favorable to last years numbers.

Please use the charts below as reference only as they rely on all residential types of property in the 33455 real estate market:

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Hobe Sound Florida Market Report ZIP Code 33455 Condo September 2013

October 2013 Market Update Windjammer Waterfront Condos Stuart FL

10.29.13 by Gabe Sanders

October 2013 Market Update Windjammer Waterfront Condos Stuart FL

As of October 2013, there are 12 condos on the market in the Windjammer Yacht Club of Stuart FL. Listing prices range from $89,900 to $195,000. The average price per square foot of living area is $118.25 There are no short sales or foreclosures in the available listings.

Currently, there are no condos under contract awaiting settlement.

In the past 12 months, 12 Windjammer Waterfront Condos have sold. Sales prices ranged from $49,000 to $165,000 for an average sales price of $92.50 per sq. ft. and a 91% list to sales ratio. There was 1 short sale and 3 bank owned foreclosures included in these sales.

Windjammer is a senior (55+) community of waterfront condos in Stuart, FL on the South Fork of the wide Saint Lucie River with easy ocean access. There are 130 2 bedroom, 2 bathroom condos with porches.

Docks are deeded to the condos and are owned by the unit owners. (Not every condo has an accompanying dock) Dock sizes vary and go up to a 16′ beam and 40′ length. Rentals are allowed with restrictions and 1 small pet is also allowed.

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Windjammer Waterfront Condos Homes for Sale in Palm City Florida

October 2013 Market Update Windjammer Waterfront Condos Stuart FL

Stuart Florida Market Report ZIP Code 34997 Condo September 2013

10.23.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34997 Condo September 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2013

For September 2013 in the 34997 Zip Code area of Stuart, Florida :

There are currently 76 active condo listings (A decrease of 5 condos form August).

28 Condo sales are pending and awaiting close or lender approval (Up by 6 condos from August).

7 Condos Sold in September (A decrease of 4 condos from August).

The September activity for the Stuart condo market for the area in ZIP code 34997 remained slow though there was an increase in pending sales. Hopefully this will translate to more closed sales in the near future.

The one month absorption rate rose to 10.9 months. Back into a strong buyers market. A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The September 2012 numbers were: 101 active listings, 19 pending sales and 9 closed sales. When considering over a 25% decrease in active listings, our numbers are better for this year than last.

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

Stuart Florida Market Report ZIP Code 34997 Condo September 2013

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2013

Stuart Florida Market Report ZIP Code 34996 Condo September 2013

10.21.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34996 Condo September 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for September 2013

For September 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 176 active condo listings (Down 2 from last month).

35 Condo sales are pending and awaiting close or lender approval (An increase of 13 condos from August).

17 Condos Sold in September (Up by 4 from August)

After a slow August the Stuart Florida Market Report ZIP Code 34996 for Condos for September 2013 showed aa nice little rebound, even while other areas are still struggling. Both pending and closed sales increased from August and the inventory remains fairly steady. We are currently in the slower season for condo sales and I am pleased to see the increased activity in condo sales in the 34996 zip code area of Stuart.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo decreased to 10.4 months from August’s 13.7. Still a buyers market in September of 2013. A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for September 2012 were: 198 active listings, 28 pending sales and 8 closed sales. Considerably better activity for this year as compared to last, especially when the reduced inventory is considered.

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:

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Stuart Florida Market Report ZIP Code 34996 Condo September 2013

Martin County Florida Condo Market Report for August 2013

10.09.13 by Gabe Sanders

Martin County Florida Condo Market Report for August 2013

Commentary:

The Martin County Florida Condo Market for August 2013 showed better numbers than in previous years on a year to year comparison. Still a bit slower than we would like. Inventory decreased to 511 units (after a nice little jump last month). It was back in 2005 when we had steady inventory levels below 600 units. The median sales price decreased in August indicating the mix of sales has once again shifted to the less expensive mainland condos, though still above last year’s value significantly. Much of the median price results are driven by the mix of units selling. We had a good number of higher end waterfront condos sell in previous months. And, while prices are not declining any more in the overall market, they also are not making any large increases at this time. Prices remain very sensitive to the community and the available competition.

The one month absorption rate increased to 9.46 months from last months 8.92 months, while the three-month average is now at 8.5 months. We’ve slipped back into a buyers market for martin County condos. Generally an absorption rate of 6 or 7 months is considered a balanced market.

Click on the charts for a larger view:

Data compiled from the Realtor Association of Martin County

Martin County Florida Condo Market Report for August 2013

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

Stuart Florida Real Estate

Hobe Sound Florida Market Report ZIP Code 33455 Condo August 2013

09.26.13 by Gabe Sanders

Hobe Sound Florida Market Report ZIP Code 33455 Condo August 2013

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for July 2013

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

There are currently 14 active condo listings. (Down by 2 condos from July)

8 Condo sales are pending and awaiting close or lender approval. (Down by 2 condos from July)

1 Condos sold in July (Decreased by 4 condos from July)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. With an inventory of only 12 active condos it’s not surprising to see decreasing market activity in this segment of the market. All 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 may not indicate a true trend in the market.

The absorption rate for August jumped to 14 moths from last months sellers market of 3.2 months. Back to a strong buyer advantage for those in the Hobe Sound condo market.. Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The August 2012 numbers were: 26 active listings, 7 pending sales and 2 closed sales. Inventory is less than half of last year, which relates to the slower activity for August of 2013.

Please use the charts below as reference only as they rely on all residential types of property in the 33455 real estate market:

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Hobe Sound Florida Market Report ZIP Code 33455 Condo August 2013

Stuart Florida Market Report ZIP Code 34997 Condo August 2013

09.22.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34997 Condo August 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2013

For August 2013 in the 34997 Zip Code area of Stuart, Florida :

There are currently 81 active condo listings (An increase of 1 condo form July).

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

11 Condos Sold in August (A decrease of 1 condo from July).

The activity for the Stuart condo market for the area in ZIP code 34997 remained slow for the summer season. A marginal increase in inventory, but a significant drop in pending sales and a small drop in closed sales. The lower pending sales numbers may indicate lower closed sales coming in the near future.

The one month absorption rate rose to 7.3 months. Back into a slight buyers market after months of a sellers market.. A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The August 2012 numbers were: 98 active listings, 24 pending sales and 13 closed sales. Very similar activity to last year.

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

Palm City Florida Market Report ZIP Code 34990 Condo July 2013

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2013

Stuart Florida Market Report ZIP Code 34996 Condo August 2013

09.17.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34996 Condo August 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for August 2013

For August 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 178 active condo listings (Up 2 from last month).

22 Condo sales are pending and awaiting close or lender approval (A decrease of 10 condos from July).

13 Condos Sold in August (Down by 3 from July)

The Stuart Florida Market Report ZIP Code 34996 for Condos for August 2013 showed an reduced amount of activity from previous months. Both pending and closed sales were off from July and the inventory remains fairly steady. We are entering our slower season for condo sales and I would not be surprised to see reduced activity continue for the next few months.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo rose to 13.7 months from July’s 11. Continuing as a strong buyers market for August of 2013. A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for August 2012 were: 190 active listings, 19 pending sales and 12 closed sales. Better activity for this year as compared to last, especially when the reduced inventory is considered.

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:

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Stuart Florida Market Report ZIP Code 34996 Condo August 2013

Stuart Florida Market Report ZIP Code 34994 Condo, August 2013

09.12.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Condo, August 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for August 2013

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

There are currently 1112 active condo listings (Increased by 3 condo from July).

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

16 Condos Sold in August (Increased by 5 condos from July).

For the summer season in the Stuart Condo market for zip code 34994 pending sales were off slightly from last month. The inventory grew by 3 condos. Sales increased by 5 condos. This is considered the ‘off’ season for the Martin County condo market, so the increase in the number of sales is certainly a welcome number.

The one month absorption rate dipped to 7 months compared to last months 9.6. Just about a balanced market.. Typically a real estate market is considered to be a balanced market with an absorption rate of 6 months. Meaning neither the buyers or sellers have an advantage in the real estate market.

Last August the numbers were 143 active listings, 43 pending sales, and 13 closed sales. When the reduced inventory is accounted for, the real estate market for condos in the 34994 zip code area of Stuart is quite strong when compared to August of 2012.

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:

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772-763-8506

Hobe Sound Florida Market Report ZIP Code 33455 Condo November 2013

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for November 2013

Hobe Sound Florida Market Report ZIP Code 33455 Condo November 2013

Stuart Florida Market Report ZIP Code 34997 Condo November 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2013

Stuart Florida Market Report ZIP Code 34996 Condo November 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for November 2013

Stuart Florida Market Report ZIP Code 34996 Condo November 2013

Stuart Florida Market Report ZIP Code 34994 Condo, November 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for November 2013

Stuart Florida Market Report ZIP Code 34994 – Condo, November 2013

Martin County Florida Condo Market Report for October 2013

Hobe Sound Florida Market Report ZIP Code 33455 Condo October 2013

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for September 2013

Hobe Sound Florida Market Report ZIP Code 33455 Condo October 2013

Stuart Florida Market Report ZIP Code 34994 Condo, October 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for October 2013

Stuart Florida Market Report ZIP Code 34994 – Condo, October 2013

Stuart Florida Market Report ZIP Code 34996 Condo October 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for October 2013

Stuart Florida Market Report ZIP Code 34996 Condo October 2013

Stuart Florida Market Report ZIP Code 34997 Condo October 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2013

Martin County Florida Condo Market Report for September 2013

November 2013 Market Update Circle Bay Waterfront Condos Stuart FL

Hobe Sound Florida Market Report ZIP Code 33455 Condo September 2013

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for August 2013

Hobe Sound Florida Market Report ZIP Code 33455 Condo September 2013

October 2013 Market Update Windjammer Waterfront Condos Stuart FL

Stuart Florida Market Report ZIP Code 34997 Condo September 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2013

Stuart Florida Market Report ZIP Code 34996 Condo September 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for September 2013

Stuart Florida Market Report ZIP Code 34996 Condo September 2013

Martin County Florida Condo Market Report for August 2013

Hobe Sound Florida Market Report ZIP Code 33455 Condo August 2013

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for July 2013

Hobe Sound Florida Market Report ZIP Code 33455 Condo August 2013

Stuart Florida Market Report ZIP Code 34997 Condo August 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2013

Stuart Florida Market Report ZIP Code 34996 Condo August 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for August 2013

Stuart Florida Market Report ZIP Code 34996 Condo August 2013

Stuart Florida Market Report ZIP Code 34994 Condo, August 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for August 2013

Stuart Florida Market Report ZIP Code 34994 – Condo, August 2013

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