Stuart FL 34997 Residential Market Report March 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for March 2015

There are currently 351 active listings (Decreased by 21 homes from February).

211 Residential sales are pending and awaiting close or lender approval (Increased by 9 homes from February).

87 Homes Sold in March (Increased by 15 homes from February)

The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market. The inventory gain we had in February has now been erased for March. Solid increases in both pending and closed sales.

The current one month absorption rate increased to 4 months (was 5.2 months for February). A very strong seller’s market for the 34997 zip code area of Stuart, FL. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

The 2013 numbers for March, were: 416 active listings, 192 pending listings and 98 closed sales. Considering the reduced inventory from last year, better activity for 2015.

Stuart FL 34997 Residential Market Report March 2015

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Stuart Florida Real Estate presented by:
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Stuart FL 34997 Residential Market Report March 2015

Hobe Sound FL 33455 Condo Market Report February 2015

03.22.15 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report February 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for February 2015

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

There are currently 19 active condo listings. (Up by 2 condos from January)

5 Condo sale is pending and awaiting close. (Up by 2 condos from January)

3 Condos sold in January (Unchanged from January)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Inventory rose for February for the third month in a row. A welcome sight. Pending sales also rose while closed sales remained unchanged.

The current absorption rate is 6.3 months (Last month it was 5.7 months). The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that February 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 February 2014 numbers were: 23 active listings, 3 pending sales and 3 closed sales. Similar activity to last year.

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Hobe Sound FL 33455 Condo Market Report February 2015

Hobe Sound FL 33455 Residential Market Report February 2015

03.21.15 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report February 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for February 2015

For February 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 250 active listings. (Up by 19 homes from January)

98 Residential sales are pending and awaiting close (Up by 31 homes from January)

35 Homes Sold in February (Up by 2 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County showed some improvement for February after a somewhat slower start for the year. The largest jump was in pending sales which should result in some very strong sales activity in the next month or two.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased slightly to 7.1 months (7 months in January). Just a little shy of a balanced market for Hobe Sound. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for February 2013 were: 289 active listings, 98 pending sales and 26 closed sales. Considerably better activity with the lower number of active homes available on the market.

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Stuart Florida Real Estate presented by:
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Hobe Sound FL 33455 Residential Market Report February 2015

Jensen Beach FL 34957 Condo Market Report February 2015

03.20.15 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report February 2015

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for February 2015

For February 2015 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 40 active listings. (Unchanged from January)

14 Condo sales are pending and awaiting settlement. (Decreased by 5 condos from January)

9 Condos Sold (No change from January)

The Jensen Beach FL 34957 Condo Market Report February 2015 remains a small sector as far as condos in Martin County. Market activity for February remained almost identical to January with the exception of a decrease in pending sales, which may negatively effect closed sales in the coming months.

The one month absorption rate for the February 2015, Jensen Beach Florida Market Report ZIP Code 34957 remained unchanged at 4.4 months (also 4.4 months in January). A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The February 2014 numbers were: 27 active listings, 20 pending sales and 6 condos closed. Better activity this year, but also increased inventory, though still very low.

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Jensen Beach Florida Real Estate presented by:
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Jensen Beach FL 34957 Condo Market Report February 2015

Stuart FL 34997 Condo Market Report February 2015

03.15.15 by Gabe Sanders

Stuart FL 34997 Condo Market Report February 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2015

For February 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 44 active condo listings (Unchanged from January).

25 Condo sales are pending and awaiting close or lender approval (Increased by 8 condos from January).

13 Condos Sold in February (Increased by 2 condos from January).

The Stuart FL condo market for zip code 34997 continues to show very strong activity while inventory levels remain at uncomfortably low levels. For February 2015, both closed and pending sales saw increase.

The one month absorption rate dropped again to 3.4 months after last months amazing 4 month rate. Continuing as an extreme seller’s 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 February 2013 numbers were: 91 active listings, 37 pending sales and 9 closed sales. We have less than half of last years’ condo inventory for the 34997 zip code area of Stuart FL. Yest activity is almost as robust as last year. This is a very strong market for sellers and prices are being driven up by demand while there’s little supply.

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Stuart Florida Real Estate presented by:
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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2015

Stuart FL 34997 Residential Market Report February 2015

03.14.15 by Gabe Sanders

Stuart FL 34997 Residential Market Report February 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for February 2015

There are currently 373 active listings (Increased by 25 homes from January).

202 Residential sales are pending and awaiting close or lender approval (Increased by 4 homes from January).

72 Homes Sold in February (Decreased by 4 homes from January)

The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market. We had a significant increase in inventory for February, though still under last years level. Continued strong pending and closed numbers even if slightly off from last month.

The current one month absorption rate increased to 5.2 months (was 4.6 months for January). Still a sellers market for the 34997 zip code area of Stuart, FL. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

The 2013 numbers for February, were: 424 active listings, 184 pending listings and 63 closed sales. For the first two months of 2015, activity has been superior to last year.

Stuart FL 34997 Residential Market Report February 2015

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

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

Stuart FL 34997 Residential Market Report February 2015

Hobe Sound FL 33455 Condo Market Report January 2015

02.22.15 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report January 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for January 2015

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

There are currently 17 active condo listings. (Up by 4 condos from December)

3 Condo sale is pending and awaiting close. (Down by 3 condos from December)

3 Condos sold in December (Decreased by 2 condos from December)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Inventory rose for January for the second month in a row. A welcome sight. While closed and pending sales decreased from last month, this is still a very active segment of the Martin County real estate market.

The current absorption rate is 5.7 months (Last month it was 2.6 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 January 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 January 2014 numbers were: 22 active listings, 4 pending sales and 1 closed sales. For the past three months, even with such limited inventory, the Hobe Sound condo market has performed much better than last year.

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Hobe Sound Florida Real Estate presented by:
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Hobe Sound FL 33455 Condo Market Report January 2015

Hobe Sound FL 33455 Residential Market Report January 2015

02.21.15 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report January 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for January 2015

For January 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 231 active listings. (Down by 12 homes from December)

67 Residential sales are pending and awaiting close (Decreased by 4 homes from December)

33 Homes Sold in January (Up by 13 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County is in quite a roller coaster ride these past few months. We closed the year off with a positive note as closed sales came back up nicely. Unfortunately pending sales decreased a little and the inventory continues to decline as well.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 decreased to 7 months (12.2 months in December). We’re edging back into a balanced market for Hobe Sound. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for January 2013 were: 266 active listings, 75 pending sales and 43 closed sales. We have lower inventory this year when compared to 2013. Also, a reduced market activity as well.