Hobe Sound Florida Market Report ZIP Code 33455 Condo, June 2013

07.25.13 by

Hobe Sound Florida Market Report ZIP Code 33455 Condo, June 2013

 

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

 

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

 

There are currently 19 active condo listings. (Down by 2 condos from May)

[singlepic id=3744 w=500 h=500 float=center]

 

10 Condo sales are pending and awaiting close or lender approval. (Up by 5 condos from May)

[singlepic id=3745 w=500 h=500 float=center]

 

0 Condos sold in June (Down 4 condos from May)

 

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  There were no sales for condos in June, whoever pending sales doubled to 10 units. Inventory is only 19 units making meaningful interpretation of this market fairly meaningless with such low numbers in this segment of the Martin County condo market.

With 0 sales, the absorption rate for June is nonexistent.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. 

The June 2012 numbers were:  30 active listings, 8 pending sales and 6 closed sales.   Pending sales remain stronger than in 2012, and the inventory is off by 30%.  Should see these pending condos translate into sales in the coming months.


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

[singlepic id=3747 w=700 h=700 float=center]

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Hobe Sound Florida Market Report ZIP Code 33455 Condo, June 2013

 

Jensen Beach Florida Market Report ZIP Code 34957 Condo June 2013

07.24.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Condo June 2013

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for June 2013

 

For June 2013 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 31 active listings. ( A decrease of 13 condos from May)

[singlepic id=3748 w=500 h=500 float=center]

 

24 Condo sales are pending and awaiting close or lender approval. (Unchanged from May)

[singlepic id=3749 w=500 h=500 float=center]

 

7 Condos Sold (Unchanged from May)

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The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  Current inventory is at an all time low.   No changes for the June numbers for both pending and closed sales while the inventory dropped by close to 25% to only 31 active units.  If this low level continues, sales numbers are almost a certainty to drop lower.

The one month absorption rate for the June 2013, Jensen Beach Florida Market Report ZIP Code 34957 is now down to 4.4 months, signifying a shift to a sellers market. A balanced market is considered to be a 6 month absorption rate favoring neither the buyer or seller.

The June 2012 numbers were: 58 active listings, 21 pending sales and 6 condos closed.   When the reduced inventory is factored into this activity, this years numbers are much more active.


Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:

[singlepic id=3751 w=700 h=700 float=center]

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Jensen Beach Florida Market Report ZIP Code 34957 Condo June 2013

Hobe Sound Florida Market Report ZIP Code 33455 Residential, June 2013

07.23.13 by

Hobe Sound Florida Market Report ZIP Code 33455  Residential, June 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for June 2013

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

 

There are currently 248 active listings. ( Up by 20 home from May)

[singlepic id=3732 w=500 h=500 float=center]

 

107 Residential sales are pending and awaiting close  (An increase of 2 home from May)

[singlepic id=3733 w=500 h=500 float=center]

 

37 Homes Sold in June (Down by 13 home from last month)

[singlepic id=3734 w=800 h=800 float=center]

 

Sales were off by 13 homes from a very strong May in the Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County.  The inventory increased as sellers are realizing that some of the best conditions exist in many years for a successful home sale.  Pending numbers remained strong, decreasing by only 1 home.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 6.7 months from the 4.6 of last month, thus inching back to a very slight buyers market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for June 2012 were:  266 active listings, 93 pending sales and 46 closed sales.   Still a strong showing for this year with some good future potential with the high number of pending sales.

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

[singlepic id=3735 w=700 h=700 float=center]

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Hobe Sound Florida Market Report ZIP Code 33455 Residential, June 2013

Stuart Florida Market Report ZIP Code 34997 Condo June 2013

07.17.13 by

Stuart Florida Market Report ZIP Code 34997 Condo June 2013

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

 

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

 

There are currently 77 active condo listings (A decrease of 10 condos form May).

[singlepic id=3768 w=500 h=500 float=center]

 

32 Condo sales are pending and awaiting close or lender approval (Up 2 condos from May).

[singlepic id=3769 w=500 h=500 float=center]

 

8 Condos Sold in June (A decrease of 9 condos from May).

[singlepic id=3770 w=800 h=800 float=center]

 

A second slower month of activity for the Stuart condo market for the area in ZIP code 34997.  The only bright note is a stron pending sales number as sales were off for the past two months.  Inventory is also down to very low numbers as well.

The one month absorption rate rose to 9.6 months.  Now back to a buyers market, after months of sellers having the advantage.   A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller. 

The June 2012 numbers were: 109 active listings, 26 pending sales and 12 closed sales.  Other than better pending numbers, the 34997 condo market is off from last year.  The very low inventory numbers are troubling for future activity.

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
[singlepic id=3771 w=700 h=700 float=center] 
 

 

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

 

 

Stuart Florida Market Report ZIP Code 34997 Residential June 2013

07.16.13 by

Stuart Florida Market Report ZIP Code 34997 Residential June 2013

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for June 2013

 

There are currently 332 active listings (An increase of 34 homes from May).

[singlepic id=3728 w=500 h=500 float=center]

172 Residential sales are pending and awaiting close or lender approval (A decrease of 18 home from May).

[singlepic id=3772 w=500 h=500 float=center]

 

68 Homes Sold in June (Down 16 homes from May)

[singlepic id=3730 w=800 h=800 float=center]

 

For June 2013, the Stuart Florida Market Report ZIP Code 34997 bucked the trend from the other two zip codes in Stuart with a sharply higher inventory and decreased pending and closed numbers.  Whether this is just a seasonal fluctuation or a trend, it’s just to early to call.  But, as prices have started to increase it looks like some latent seller demand is coming to the market.
 
The current one month absorption rate rose to 4.9 months which still indicates a sellers market ( though it’s up from last months 3.5 month absorption rate).  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.   Prices have started to rise in this zip code area of Martin County, which is probably one reason for the increased inventory.
 
The 2012 numbers were: 356 active listings, 204 pending listings and 78 closed sales.  Slightly less activity for this year, but fairly close when the reduced inventory is taken into consideration.
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
 
 [singlepic id=3731 w=700 h=00 float=center]

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Stuart Florida Market Report ZIP Code 34997 Residential June 2013

Stuart Florida Market Report ZIP Code 34996 Residential June 2013

07.14.13 by

Stuart Florida Market Report ZIP Code 34996 Residential June 2013

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for June 2013

 

For June, 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 153 active listings (Decreased by 8 homes from May).

[singlepic id=3723 w=500 h=500 float=center]

 

42 Residential sales are pending and awaiting close or lender approval (Decreased by 13 from May).

[singlepic id=3724 w=500 h=500 float=center]

 

21 Homes Sold in June (Increased by 2 homes from May).

[singlepic id=3725 w=800 h=800 float=center]

 

In the 34996 zip code area of Stuart Florida real estate market activity for June 2013 closed sales increased again, by 2 homes while pending sales were off by 13.  Sales activity remains strong and we are seeing multiple offers on some well priced desirable properties.  The inventory dropped to only 153 homes available for sale.

The one month absorption rate for the 34996 zip code area of Stuart Florida for June dipped to 7.2 months, which is still a slight buyer’s market.  This figure should be dropping as the pending sales close in the coming months. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for June of 2012 were: 159 active listings, 32 pending sales and 8 closed sales.  Market activity has improved from June of 2012, although only marginally.  There have been some advances in sales in the higher priced homes which have been difficult sales in the past few years.

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

[singlepic id=3727 w=700 h=700 float=center]

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Stuart Florida Market Report ZIP Code 34996 Residential June 2013

Hobe Sound Florida Market Report ZIP Code 33455 Condo, May 2013

06.24.13 by

Hobe Sound Florida Market Report ZIP Code 33455 Condo, May 2013

 

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

 

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

 

There are currently 21 active condo listings. (Unchanged from April)

[singlepic id=3659 w=600 h=600 float=center]

[singlepic id=3660 w=600 h=600 float=center]

 

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

[singlepic id=3661 w=600 h=600 float=center]

 

4 Condos sold in May (Down 1 condos from April)

[singlepic id=3662 w=600 h=600 float=center]

[singlepic id=3663 w=600 h=600 float=center]

[singlepic id=3664 w=600 h=600 float=center]

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Sales were only 4 units for May and pending sales were off slightly.  Meaningful interpretation of this market is fairly meaningless with the low number of available condos for sale.

The one month absorption rate jumped to 5.25 months, signifying a return to a seller’s market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. 

The May 2012 numbers were:  33 active listings, 8 pending sales and 1 closed sales.   Still doing better this year when considering the tiny inventory of condos available for sale in Hobe Sound.


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Hobe Sound Florida Market Report ZIP Code 33455 Condo, May 2013

 

Hobe Sound Florida Market Report ZIP Code 33455 Residential, May 2013

06.23.13 by

Hobe Sound Florida Market Report ZIP Code 33455  Residential, May 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for May 2013

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

 

There are currently 228 active listings. ( Up by 1 home from April)

[singlepic id=3623 w=600 h=600 float=center]

[singlepic id=3624 w=600 h=600 float=center]

105 Residential sales are pending and awaiting close  (A decrease of 1 home from April)

[singlepic id=3625 w=600 h=600 float=center]

50 Homes Sold in May (Down by 1 home from last month)

[singlepic id=3626 w=600 h=600 float=center]

[singlepic id=3627 w=600 h=600 float=center]

[singlepic id=3628 w=600 h=600 float=center]

 

Strong sales activity for a third month in a row for the Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County.  Numbers for May were almost identical for April.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 4.6 months from the 4.5 of last month.  Hobe Sound is now a strong seller’s market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for May 2012 were:  285 active listings, 99 pending sales and 43 closed sales.   Considering the reduced inventory as compared to 2012, the market activity continues to grown and improve for the Hobe Sound residential real estate market.

 

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Hobe Sound Florida Market Report ZIP Code 33455 Residential, May 2013

Jensen Beach Florida Market Report ZIP Code 34957 Condo May 2013

06.22.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Condo May 2013

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for May 2013

 

For May 2013 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 44 active listings. ( A decrease of 7 condos from April)

[singlepic id=3665 w=600 h=600 float=center]

[singlepic id=3666 w=600 h=600 float=center]

 

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

[singlepic id=3667 w=600 h=600 float=center]

 

7 Condos Sold (Decreased by 8 condos from April)

[singlepic id=3668 w=600 h=600 float=center]

[singlepic id=3669 w=600 h=600 float=center]

[singlepic id=3670 w=600 h=600 float=center]


The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  Current inventory is at an almost all time low.   Closed and pending sales were off for May, while the small inventory declines further.

The one month absorption rate for the May 2013, Jensen Beach Florida Market Report ZIP Code 34957 is 6.3 months.   Basically a balanced market, as a 6 month absorption rate is considered balanced, favoring neither the buyer or seller.

The May 2012 numbers were: 58 active listings, 26 pending sales and 8 condos closed.   Similar activity to last May.


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Jensen Beach Florida Market Report ZIP Code 34957 Condo May 2013

Stuart Florida Market Report ZIP Code 34997 Condo May 2013

06.17.13 by

Stuart Florida Market Report ZIP Code 34997 Condo May 2013

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

 

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

 

There are currently 87 active condo listings (A decrease of 14 condos form April).

[singlepic id=3689 w=600 h=600 float=center]

[singlepic id=3690 w=600 h=600 float=center]

 

30 Condo sales are pending and awaiting close or lender approval (Up 1 condo from April).

[singlepic id=3691 w=600 h=600 float=center]

 

17 Condos Sold in May (A decrease of 17 condos from April).

[singlepic id=3692 w=600 h=600 float=center]

[singlepic id=3693 w=600 h=600 float=center]

[singlepic id=3694 w=600 h=600 float=center]

 

After an exceptionally strong April, the Stuart condo market for the area in ZIP code 34997 eased considerably with only half as many closed sales.  Pending sales remained strong and the inventory took a big drop. 

The one month absorption rate rose to 5.7 months.  This is still a sellers market, but not the strong one of last month.  A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller. 

The May 2012 numbers were: 110 active listings, 29 pending sales and 14 closed sales.  These numbers are fairly similar to May of 2012.  I expect a retreat in the coming months as the summer season is typically slow for the condo market.

 

 

Stuart Florida Real Estate presented by:
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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2013

 

 

Stuart Florida Market Report ZIP Code 34997 Residential May 2013

06.16.13 by

Stuart Florida Market Report ZIP Code 34997 Residential May 2013

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for May 2013

 

There are currently 298 active listings (A decrease of 27 homes from April).

[singlepic id=3653 w=600 h=600 float=center]

[singlepic id=3654 w=600 h=600 float=center]

 

190 Residential sales are pending and awaiting close or lender approval (An decrease of 29 home from April).

[singlepic id=3655 w=600 h=600 float=center]

 

84 Homes Sold in May (Increased by 2 homes from April)

[singlepic id=3656 w=600 h=600 float=center]

[singlepic id=3657 =600 h=600 float=center]

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For May 2013, the Stuart Florida Market Report ZIP Code 34997 the number of closed sales remained high as well as strong pending activity for future months closed activity though it was off from the high in April.  For May, there was a significant decrease in inventory after a small decrease last month.  The 34997 zip code area of Martin County market activity remains one of the most active areas in the county.
 
The current one month absorption rate dropped to 3.5 months which indicates a strong sellers market for the 34997 Stuart zip code real estate market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.  If inventory levels don’t rise, future market activity will suffer as there just aren’t enough homes at the current demand.  Prices have started to rise in this zip code area of Martin County.
 
The 2012 numbers were: 389 active listings, 222 pending listings and 92 closed sales.  When considering the greatly reduced inventory, the market activity in the 34997 zip code of Martin County remains robust year to year.
 
 

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Stuart Florida Market Report ZIP Code 34997 Residential May 2013

Stuart Florida Market Report ZIP Code 34996 Residential May 2013

06.14.13 by

Stuart Florida Market Report ZIP Code 34996 Residential May 2013

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for May 2013

 

For May, 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 161 active listings (Decreased by 11 home from April).

[singlepic id=3647 w=600 h=600 float=center]

[singlepic id=3648 w=600 h=600 float=center]

 

55 Residential sales are pending and awaiting close or lender approval (Decreased by 2 from April).

[singlepic id=3649 w=600 h=600 float=center]

 

19 Homes Sold in May (Increased by 1 homes from April).

[singlepic id=3650 w=600 h=600 float=center]

[singlepic id=3651 w=600 h=600 float=center]

[singlepic id=3652 w=600 h=600 float=center]

 

In the 34996 zip code area of Stuart Florida real estate market activity for May 2013 closed sales increased by 1 home while pending sales were off by 2.  Sales activity remains strong and we are seeing multiple offers on some well priced desirable properties.  The inventory dropped to only 161 homes available for sale.

The one month absorption rate for the 34996 zip code area of Stuart Florida for May dipped to 8.5 months, which is still a buyer’s market, though only slightly.  This figure should be dropping as the pending sales close in the coming months. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for May of 2012 were: 173 active listings, 33 pending sales and 34 closed sales.  Unlike other segments of the Martin County real estate market, the 34996 zip code is showing a decreased sales volume from last year, though this year’s pending sales are higher.

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Stuart Florida Market Report ZIP Code 34996 Residential May 2013

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, April 2013

05.26.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, April 2013

 

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

 

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

 

There are currently 21 active condo listings. (Down 1 condo from March)

[singlepic id=3573 w=600 h=600 float=center]

[singlepic id=3574 w=600 h=600 float=center]

 

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

[singlepic id=3575 w=600 h=600 float=center]

 

5 Condos sold in April (Up 3 condos from March)

[singlepic id=3576 w=600 h=600 float=center]

[singlepic id=3577 w=600 h=600 float=center]

[singlepic id=3578 w=600 h=600 float=center]

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Sales were up to 5 units for April (over double from March) and pending sales were off slightly.  Meaningful interpretation of this market is fairly meaningless with the low number of available condos for sale.

The one month absorption rate jumped to 4.2 months, signifying a return to a seller’s market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. 

The April 2012 numbers were:  35 active listings, 6 pending sales and 5 closed sales.   Still doing better this year when considering the tiny inventory of condos available for sale in Hobe Sound.


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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, April 2013

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, April 2013

05.25.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, April 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for April 2013

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

 

There are currently 227 active listings. ( A decrease of 22 homes from March)

[singlepic id=3537 w=600 h=600 float=center]

[singlepic id=3538 w=600 h=600 float=center]

106 Residential sales are pending and awaiting close  (An increase of 6 homes from March)

[singlepic id=3539 w=600 h=600 float=center]

51 Homes Sold in April (Up 6 homes from last month)

[singlepic id=3540 w=600 h=600 float=center]

[singlepic id=3541 w=600 h=600 float=center]

[singlepic id=3542 w=600 h=600 float=center]

 

Strong sales activity for a second month for the Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County.  Inventory levels dropped significantly for the month after a slight rise last month.  Pending sales were up.  With such low numbers of available homes on the market, activity might slow in the coming summer months.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 4.5 months.  Continuing from last month into a now stronger seller’s market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for April 2012 were:  315 active listings, 96 pending sales and 45 closed sales.   Considering the reduced inventory as compared to 2012, the market activity continues to grown and improve for the Hobe Sound residential real estate market.

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, April 2013

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, April 2013

05.24.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, April 2013

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for April 2013

 

For April 2013 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 51 active listings. ( A decrease of 3 condos from March)

[singlepic id=3579 w=600 h=600 float=center]

[singlepic id=3580 w=600 h=600 float=center]

 

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

[singlepic id=3581 w=600 h=600 float=center]

 

15 Condos Sold (Increased by 2 condos from March)

[singlepic id=3582 w=600 h=600 float=center]

[singlepic id=3583 w=600 h=600 float=center]

[singlepic id=3584 w=600 h=600 float=center]


The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  Current inventory is at an almost all time low.   Closed sales were up slightly for April, while pending sales were off slightly.

The one month absorption rate for the April 2013, Jensen Beach Florida Market Report ZIP Code 34957 is now down to 3.4 months.   This signifies a strong seller’s market in Jensen Beach for condos.  Typically, a 6 month absorption rate is considered balanced, favoring neither the buyer or seller.

The April 2012 numbers were: 53 active listings, 28 pending sales and 8 condos closed.   Much better closed activity for this year.


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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, April 2013

Stuart Florida Market Report ZIP Code 34997 – Condo, April 2013

05.20.13 by

Stuart Florida Market Report ZIP Code 34997 – Condo, April 2013

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

 

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

 

There are currently 101 active condo listings (A decrease of 2 condos form March).

[singlepic id=3603 w=600 h=600 float=center]

[singlepic id=3604 w=600 h=600 float=center]

 

29 Condo sales are pending and awaiting close or lender approval (Down 10 condos from March).

[singlepic id=3605 w=600 h=600 float=center]

 

34 Condos Sold in April (An increase of 18 condos from March).

[singlepic id=3606 w=600 h=600 float=center]

[singlepic id=3607 w=600 h=600 float=center]

[singlepic id=3608 w=600 h=600 float=center]

 

The Stuart condo market for the area in ZIP code 34997 showed very strong closed numbers for April .  Sales more than doubled from March (which were also double from February).  Pending sales however took a significant drop.  While the inventory decreased by a small number (2).  One of the strongest months for condo activity in some years.
 

The one month absorption rate decreased to 3 months.  For April, this represents a major shift into a strong seller’s market.  A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller. 

The April 2012 numbers were: 115 active listings, 34 pending sales and 18 closed sales.  Other than the big increase in closed sales for this year, numbers are fairly similar to April of 2012.  I expect a return to a more balanced market in the coming months with the lower pending activity.

 

 

Stuart Florida Real Estate presented by:
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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2013

 

 

Stuart Florida Market Report ZIP Code 34997 – Residential, April 2013

05.19.13 by

Stuart Florida Market Report ZIP Code 34997 – Residential, April 2013

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for April 2013

 

There are currently 325 active listings (A decrease of 19 homes from March).

[singlepic id=3567 w=600 h=600 float=center]

[singlepic id=3568 w=600 h=600 float=center]

 

219 Residential sales are pending and awaiting close or lender approval (An decrease of 1 home from March).

[singlepic id=3569 w=600 h=600 float=center]

 

82 Homes Sold in April (Unchanged from March)

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For April 2013, the Stuart Florida Market Report ZIP Code 34997 the number of closed sales remained high as well as strong pending activity for future months closed activity.  For April, there was a slight decrease in inventory after a small increase last month.  The 34997 zip code area of Martin County market activity remains as one of the most active areas in the county.
 
The current one month absorption rate dropped to 4.0 months which indicates a sellers market for the 34997 Stuart zip code real estate market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.
 
The 2012 numbers were: 407 active listings, 245 pending listings and 67 closed sales.  With a greatly reduced inventory, our pending sales are off slightly, yet closed sales are still greater than last year.
 
 

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Stuart Florida Market Report ZIP Code 34997 – Residential, April 2013

Stuart Florida Market Report ZIP Code 34996 – Residential, April 2013

05.17.13 by

Stuart Florida Market Report ZIP Code 34996 – Residential, April 2013

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for April 2013

 

For April, 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 172 active listings (Decreased by 3 home from March).

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57 Residential sales are pending and awaiting close or lender approval (Increased by 2 from March).

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18 Homes Sold in April (Increased by 4 homes from March).

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In the 34996 zip code area of Stuart Florida real estate market activity for April 2013 both pending sales and closed sales rose while the inventory decreased again.  Sales activity remains strong and we are seeing multiple offers on some well priced desirable properties.

The one month absorption rate for the 34996 zip code area of Stuart Florida for April dipped to 9.6 months, which is still a buyer’s market.  This figure should be dropping as the pending sales close in the coming months. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for April of 2012 were: 165 active listings, 47 pending sales and 8 closed sales.  The 34996 zip code area of Stuart is bucking the trend for most of the other areas of Martin County as it has a higher inventory this year as compared to last year.  The market activity is stronger this year with closed and pending sales.

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Stuart Florida Market Report ZIP Code 34996 – Residential, April 2013

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, March 2013

04.27.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, March 2013

 

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

 

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

 

There are currently 22 active condo listings. (Up by 4 condos from February)

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

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2 Condos sold in March (Down 2 from February)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  We had a small increase in inventory making the number of available condos go up to 22.  Sales were off and pending sales remained unchanged.

The one month absorption rate jumped to 11months, signifying a return to a buyer’s market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. 

The March 2012 numbers were:  38 active listings, 7 pending sales and 5 closed sales.  Difficult to make comparisons from last year with such a small sampling of available units.  When inventory differences are accounted for, closed sales are very similar.


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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, March 2013

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, March 2013

04.26.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, March 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for March 2013

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

 

There are currently 249 active listings. ( An increase of 5 homes from February)

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100 Residential sales are pending and awaiting close  (A decrease of 9 homes from February)

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45 Homes Sold in March (Up 17 homes from last month)

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Strong sales activity for the Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County.  Inventory levels remain low, but did increase slightly for this month.  Pending sales were off for March.  With such low numbers of available homes on the market, activity might slow in the coming summer months.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 5.4 months.  Now a slight seller’s market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for March 2012 were:  323 active listings, 104 pending sales and 49 closed sales.   Considering the reduced inventory as compared to 2012, the market activity continues to improve.

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, March 2013