Jensen Beach FL 34957 Condo Market Report November 2014

Jensen Beach FL 34957 Condo Market Report November 2014

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for November 2014

 

For November 2014 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 38 active listings. (Up by 5 condos from October)

Jensen Beach FL 34957 Condo Market Report November 2014

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

Jensen Beach FL 34957 Condo Market Report November 2014

4 Condos Sold (Up by 1 condo from October)

Jensen Beach FL 34957 Condo Market Report November 2014

 The Jensen Beach FL 34957 Condo Market Report November 2014 remains a small sector as far as condos in Martin County.  This month saw some nice small gains in every measured activity for the Jensen beach condo market.

The one month absorption rate for the November 2014, Jensen Beach Florida Market Report ZIP Code 34957 declined to 9.5 months (11 months in October), still a sellers market after a couple of weak summer months.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The November 2013 numbers were: 38 active listings, 16 pending sales and 2 condos closed.  With the exception of double the closed sales for 2014, identical activity to last year.

Jensen Beach FL 34957 Condo Market Report November 2014

 

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Jensen Beach FL 34957 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 34997 Residential Market Report November 2014

Stuart FL 34997 Residential Market Report November 2014

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

 

There are currently 346 active listings (Decreased by 22 homes from October).

Stuart FL 34997 Residential Market Report November 2014

174 Residential sales are pending and awaiting close or lender approval (Increased by 30 homes from October).

Stuart FL 34997 Residential Market Report November 2014

56 Homes Sold in November (Decreased by 25 homes from October)

Stuart FL 34997 Residential Market Report November 2014

      The Stuart Florida Residential Market for ZIP Code 34997 is our largest and typically most active segment for the Stuart residential real estate market.  It is the only zip code in Stuart to show a decrease in inventory for November.  There was also a sizable decrease in closed sales.  Pending sales, however, saw a big rise which indicates to me that there will be good closed activity in the coming months.
 
     The current one month absorption rate increased to 6.2  months (was 4.5 months for October).  Back into a balanced 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 November, were: 396 active listings, 143 pending listings and 71 closed sales.  Better closed activity last  year, though pending sales are considerably improved fromlast year while the inventory is significantly lower.
Stuart FL 34997 Residential Market Report November 2014 
 
 

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Stuart FL 34997 Residential Market Report November 2014

Stuart FL 34996 Residential Market Report November 2014

Stuart FL 34996 Residential Market Report November 2014

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

 

For November 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 163 active listings (Up by 7 homes from October).

Stuart FL 34996 Residential Market Report November 2014

 

31 Residential sales are pending and awaiting close or lender approval (Down by 1 home from October).

Stuart FL 34996 Residential Market Report November 2014

15 Homes Sold in November (Increased by 4 homes from October).

Stuart FL 34996 Residential Market Report November 2014

The 34996 zip code area of the Stuart Florida residential real estate market is moving in the right direction after a fairly slow summer.  Inventory as well a s closed sales rose for November while pending sales were off slightly, but still quite strong.

The one month absorption rate for the 34996 zip code area of Stuart Florida for November decreased to 10.9 months as compared to October’s 14.2 months.  Still a buyers market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for November of 2013 were: 139 active listings, 29 pending sales and 9 closed sales.  For the 34996 residential real estate area, there’s a considerably greater inventory of available homes this year when compared to last year.  Percentage wise, market activity is quite similar to last years’.

Stuart FL 34996 Residential Market Report November 2014

 

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Stuart FL 34996 Residential Market Report 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

 

Hobe Sound FL 33455 Residential Market Report October 2014

Hobe Sound FL 33455 Residential Market Report October 2014

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

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

There are currently 250 active listings. (Down by 1 home from September)

Hobe Sound FL 33455 Residential Market Report October 2014

 

55 Residential sales are pending and awaiting close  (Decreased by 19 homes from September)

Hobe Sound FL 33455 Residential Market Report October 2014

58 Homes Sold in October (Up by 33 homes from last month)

Hobe Sound FL 33455 Residential Market Report October 2014

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County for October showed a very strong recovery in closed sales from a weak September.  Unfortunately, pending sales were off a bit. Inventory pretty much unchanged.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 decreased to 4.3 months (10 months in September).  Back into a sellers market for Hobe Sound, which is where it’s been for the past 12 months except for last month. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for October 2013 were:  249 active listings, 84 pending sales and 26 closed sales.   Much better sales activity, unfortunately pending sales are weaker this year.

Hobe Sound FL 33455 Residential Market Report October 2014

 

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Hobe Sound FL 33455 Residential Market Report October 2014

Jensen Beach FL 34957 Condo Market Report October 2014

Jensen Beach FL 34957 Condo Market Report October 2014

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for October 2014

 

For October 2014 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 33 active listings. (Down by 1 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2014

14 Condo sales are pending and awaiting close or lender approval. (Increased by 6 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2014

3 Condos Sold (Down by 7 condo from September)

Jensen Beach FL 34957 Condo Market Report October 2014

 The Jensen Beach FL 34957 Condo Market Report October 2014 remains a small sector as far as condos in Martin County.  Unfortunately closed sales were down this month after a very good month in September.  Pending sales increased though, which is a good sign for future activity.

The one month absorption rate for the October 2014, Jensen Beach Florida Market Report ZIP Code 34957 rose to 11 months (3.4 months in September), now a strong sellers market after a couple of weak summer months.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The October 2013 numbers were: 36 active listings, 13 pending sales and 7 condos closed.   Slightly better activity last year, but with such a small number it’s difficult to draw meaningful comparisons.

Jensen Beach FL 34957 Condo Market Report October 2014

 

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Jensen Beach FL 34957 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 34997 Residential Market Report October 2014

Stuart FL 34997 Residential Market Report October 2014

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

 

There are currently 368 active listings (Increased by 17 homes from September).

Stuart FL 34997 Residential Market Report October 2014

144 Residential sales are pending and awaiting close or lender approval (Decreased by 10 homes from September).

Stuart FL 34997 Residential Market Report October 2014

81 Homes Sold in October (Decreased by 6 homes from September)

Stuart FL 34997 Residential Market Report October 2014

      The Stuart Florida Residential Market for ZIP Code 34997 has been one of the hottest areas for Martin County residential sales.  For October of 2014, activity has moderated a bit from the past few very strong months, but is still very active.   Both pending and closed sales were off and the inventory rose.
 
     The current one month absorption rate increased to 4.5  months (was 4 months for September).  A hot 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 October, were: 381 active listings, 171 pending listings and 62 closed sales.  Better closed activity this year, though pending sales are not as strong as last years numbers.  Inventory is also lower.
Stuart FL 34997 Residential Market Report October 2014 
 
 

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Stuart FL 34997 Residential Market Report October 2014

Stuart FL 34996 Residential Market Report October 2014

Stuart FL 34996 Residential Market Report October 2014

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

 

For October 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 156 active listings (Up by 1 home from September).

Stuart FL 34996 Residential Market Report October 2014

32 Residential sales are pending and awaiting close or lender approval (Unchanged from September).

Stuart FL 34996 Residential Market Report October 2014

11 Homes Sold in October (Increased by 4 homes from September).

Stuart FL 34996 Residential Market Report October 2014

The 34996 zip code area of the Stuart Florida residential real estate market remains a bit weak, though with a slight improvement from last month.  Closed sales were up while both inventory and pending sales were steady.

The one month absorption rate for the 34996 zip code area of Stuart Florida for October increased to 14.2 months as compared to September’s 22 months.  A strong buyers market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for October of 2013 were: 129 active listings, 27 pending sales and 13 closed sales.  There’s increased inventory from last year and also a greater number of pending sales, unfortunately fewer closed sales.

Stuart FL 34996 Residential Market Report October 2014

 

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Stuart FL 34996 Residential Market Report October 2014

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

 

Hobe Sound FL 33455 Residential Market Report September 2014

Hobe Sound FL 33455 Residential Market Report September 2014

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

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

There are currently 250 active listings. (Up by 8 homes from August)

Hobe Sound FL 33455 Residential Market Report September 2014

 

74 Residential sales are pending and awaiting close  (Increased by 14 homes from August)

Hobe Sound FL 33455 Residential Market Report September 2014

25 Homes Sold in September (Down by 24 homes from last month)

Hobe Sound FL 33455 Residential Market Report September 2014

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County for September had a much weaker month with closed sales almost dropping by half.  The silver lining is that pending sales as well as the inventory of available homes was up, indicating good future activity in the coming months.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 10 months (4.6 months in August).  Back into a buyers market for Hobe Sound, after over a year of being in a sellers market. I don’t expect this to continue though, and we should be back closer to a balanced or even a sellers market again next month.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for September 2013 were:  245 active listings, 69 pending sales and 49 closed sales.   Considerably worse closed sales activity as compared to last year.

Hobe Sound FL 33455 Residential Market Report September 2014

 

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Hobe Sound FL 33455 Residential Market Report September 2014

Jensen Beach FL 34957 Condo Market Report September 2014

Jensen Beach FL 34957 Condo Market Report September 2014

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for September 2014

 

For September 2014 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 34 active listings. (Up by 8 condos from August)

Jensen Beach FL 34957 Condo Market Report September 2014

8 Condo sales are pending and awaiting close or lender approval. (Decreased by 8 condos from August)

Jensen Beach FL 34957 Condo Market Report September 2014

10 Condos Sold (Up by 7 condo from August)

Jensen Beach FL 34957 Condo Market Report September 2014

 The Jensen Beach FL 34957 Condo Market Report September 2014 remains a small sector as far as condos in Martin County. After three months of decreased inventory, we finally had an increase for September.  Pensing sales were off for the month, but we had an excellent increase in closed sales.

The one month absorption rate for the September 2014, Jensen Beach Florida Market Report ZIP Code 34957 plunged to  3.4 months (8.7 months in August), now a strong sellers market after a couple of weak summer months.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The September 2013 numbers were: 35 active listings, 17 pending sales and 5 condos closed.   Better activity this year, but the smaller number of pending sales is of concern.

Jensen Beach FL 34957 Condo Market Report September 2014

 

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Jensen Beach FL 34957 Condo Market Report September 2014

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 34997 Residential Market Report September 2014

Stuart FL 34997 Residential Market Report September 2014

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

 

There are currently 351 active listings (No change from August).

Stuart FL 34997 Residential Market Report September 2014

154 Residential sales are pending and awaiting close or lender approval (Decreased of 17 homes from August).

Stuart FL 34997 Residential Market Report September 2014

87 Homes Sold in September (Decreased by 8 homes from August)

Stuart FL 34997 Residential Market Report September 2014

      The Stuart Florida Residential Market for ZIP Code 34997 has been one of the hottest areas for Martin County residential sales and continues with very strong activity for September.  Pending sales numbers decreased for the second month in a row which might be an indication of slowing activity for the future.  There was also a decrease in closed sales for September as well.
 
     The current one month absorption rate increased to 4 months (was 3.7 months for August).  A hot 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 September, were: 356 active listings, 175 pending listings and 70 closed sales.  Closed sales were above last years numbers, though the other indicators were slightly better last year.
Stuart FL 34997 Residential Market Report September 2014 
 
 

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Stuart FL 34997 Residential Market Report September 2014

Stuart FL 34996 Residential Market Report September 2014

Stuart FL 34996 Residential Market Report September 2014

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

 

For September 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 155 active listings (No change from August).

Stuart FL 34996 Residential Market Report September 2014

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

Stuart FL 34996 Residential Market Report September 2014

7 Homes Sold in September (Decreased by 6 homes from August).

Stuart FL 34996 Residential Market Report September 2014

The 34996 zip code area of the Stuart Florida residential real estate market experienced the second month of weaker results after a small rebound in July.  Closed sales were quite weak with no change in the active inventory.  One bright note for the future is the increase in pending numbers.  Whether this is a seasonal occurrence or a weaker market remains to be determined.

The one month absorption rate for the 34996 zip code area of Stuart Florida for September increased to 22 months as compared to August’s 11.9 months.  A strong buyers market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for September of 2013 were: 140 active listings, 16 pending sales and 13 closed sales.  Other than the closed activity, the 34996 zip code for Martin County is outperforming last years activity.

Stuart FL 34996 Residential Market Report September 2014

 

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Stuart FL 34996 Residential Market Report 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

 

Hobe Sound FL 33455 Residential Market Report August 2014

Hobe Sound FL 33455 Residential Market Report August 2014

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

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

There are currently 242 active listings. (Up by 5 homes from July)

Hobe Sound FL 33455 Residential Market Report August 2014

60 Residential sales are pending and awaiting close  (Decreased by 20 homes from July)

Hobe Sound FL 33455 Residential Market Report August 2014

49 Homes Sold in August (Down by 2 homes from last month)

Hobe Sound FL 33455 Residential Market Report August 2014

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County for August had another excellent month for closed sales.  Though, troubling is the large drop in pending sales this month.  Inventory rose by a small amount which is a bit surprising for the month of August.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased slightly to 4.6 months (6.5 months in July).  Back into a sellers market for Hobe Sound, which is where we’ve been for most of the year. (It was a litle off in July)  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for August 2013 were:  233 active listings, 95 pending sales and 48 closed sales.   Very similar to this year’s numbers with the exception of the lower number of pending sales this year.

Hobe Sound FL 33455 Residential Market Report August 2014

 

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Hobe Sound FL 33455 Residential Market Report August 2014

Jensen Beach FL 34957 Condo Market Report August 2014

Jensen Beach FL 34957 Condo Market Report August 2014

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for August 2014

 

For August 2014 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 26 active listings. (Down 4 condos from July)

Jensen Beach FL 34957 Condo Market Report August 2014

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

Jensen Beach FL 34957 Condo Market Report August 2014

3 Condos Sold (Up by 1 condo from July)

Jensen Beach FL 34957 Condo Market Report August 2014

 The Jensen Beach FL 34957 Condo Market Report August 2014 remains a small sector as far as condos in Martin County. After a couple of months of inventory gains, the trend stopped with the third month of decreasing inventory in August.  Pending sales increased by 3 condos and closed sales were up by 1.  The increase in pending sales should result in some additional closed sales in the near future.

The one month absorption rate for the August 2014, Jensen Beach Florida Market Report ZIP Code 34957 decreased to 8.7 months (30 months in July), still a buyers market after an exceptionally active spring.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The August 2013 numbers were: 30 active listings, 17 pending sales and 12 condos closed.   It was a much stronger market for Jensen Beach condos in 2013.

Jensen Beach FL 34957 Condo Market Report August 2014

 

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Jensen Beach FL 34957 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

 
 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

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