Hobe Sound Florida Market Report ZIP Code 33455 – Condo, August 2012

09.27.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, August 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for August 2012

 

For August 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 26 active condo listings. (Down 2 from July)

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7 Condo sales are pending and awaiting close or lender approval. (Unchanged from July)

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  2 Condos sold in August (A decrease of 1 condos from July)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  August showed very little change from last month.  With only 26 units available it’s fairly slim pickings in the Hobe Sound Florida Market Report ZIP Code 33455 condo market. Small changes in any metric will reflect large changes in market activity and unless some dramatic changes occur, I would expect the Hobe Sound condo market to remain fairly static.

The one month absorption rate is 13 months, signifying that it’s still a buyers market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.  But, with such low numbers, these indicators can easily be misleading.

The August 2011 numbers were:  42 active listings, 6 pending sales and 3 closed sales.  Other than a significantly lower inventory, very similar results.



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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, August 2012

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, August 2012

09.26.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, August 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for August 2012

 

For August 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 298 active listings. ( An increase of 19 homes from July)

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55 Residential sales are pending and awaiting close or lender approval (A decrease of 22 homes from July)

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37 Homes Sold in August (An increase of 6 homes from last month)

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For the second month in a row the Hobe Sound real estate market (ZIP Code 33455) had some disappointing results.  While closed sales were up for August, the number of pending sales were off considerably and unlike most other areas of Martin County the inventory rose for the second month n a row.  Whether this is just typical seasonal fluctuations for the Hobe Sound real estate market or a trend diverging from other Martin County areas remains to be seen.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 stands at 8 months.  This is still a buyers market in Hobe Sound.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for August 2011 were:  342 active listings, 54 pending sales and 30 closed sales.   Marginally better numbers this year than last.

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, August 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, August 2012

09.20.12 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, August 2012

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for August 2012

 

For August 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 50 active listings. ( A decrease of 4 condos from July)

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27 Condo sales are pending and awaiting close or lender approval. (Up 4 condos from July)

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4 Condo Sold (Down 1 from July)

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The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market. The current inventory is now very low at only 50 condos available for sale. This might be an excellent time for those who have a need to sell their Jensen Beach condo in zip code 34957.  Pending sales were up marginally and closed sales fell for August by 1 unit. Considering that this is the summer season where the condo market activity is normally slow, this segment continues with good activity.

The one month absorption rate for the August 2012, Jensen Beach Florida Market Report ZIP Code 34957 stands at a very unimpressive 12.5 months.  Still a strong buyers market, but there just isn’t very much quality inventory.  I’m expecting this to change when some of the pending sales close.

The August 2011 numbers were: 51 active listings, 15 pending sales and 5 condos closed.  Other than the significantly larger number of pending sales, the inventory and closed sales are virtually identical.


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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, August 2012

Stuart Florida Market Report ZIP Code 34997 – Condo, August 2012

09.18.12 by

Stuart Florida Market Report ZIP Code 34997 – Condo, August 2012

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2012

 

For August 2012 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 98 active condo listings (A decrease of 2 condo form July).

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24 Condo sales are pending and awaiting close or lender approval (Down 4 condos from July).

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15 Condos Sold in August (An increase of 2 condos from July).

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Bucking the trend for the other condo markets in Martin County, the Stuart condo market for the area in ZIP code 34997 had excellent numbers for August of 2012.  Inventory is now down to only 98 units while both pending and closed sales rose.

The one month absorption rate is at 6.5 months, which is basically a balanced market, favoring neither the seller or buyer.

The August 2011 numbers were: 107 active listings, 16 pending sales and 9 closed sales.  A considerable improvement this year from 2011.

 

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2012

 

 

Stuart Florida Market Report ZIP Code 34997 – Residential, August 2012

09.15.12 by

Stuart Florida Market Report ZIP Code 34997 – Residential, August 2012

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for August 2012

 

There are currently 332 active listings (an increase of 2 homes from July).

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195 Residential sales are pending and awaiting close or lender approval (A decrease of 27 homes from July).

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82 Homes Sold in July (Up 32 homes from July)

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Very strong results from the 34997 zip code area of Stuart Florida. This segment of the Martin County real estate market continues to outperform other areas of Martin County.  Closed sales were up significantly for August.   Pending sales were off, most likely because of the high number of closed sales.  The inventory was up by 2 homes in the 34997 zip code of Stuart, Florida.
 
The current one month absorption rate is just over 4 months, which normally signifies a sellers market.   Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.
 
The 2011 numbers were: 484 active listings, 181 pending listings and 56 closed sales.
 
 

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Stuart Florida Market Report ZIP Code 34997 – Residential, August 2012

Stuart Florida Market Report ZIP Code 34996 – Residential, August 2012

09.13.12 by

Stuart Florida Market Report ZIP Code 34996 – Residential, August 2012

 

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for August 2012

 

 

For August, 2012 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 166 active listings (Unchanged from July).

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34 Residential sales are pending and awaiting close or lender approval (Up 6 from July).

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6 Homes Sold in August (Down 5 from July).

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The 34996 zip code area of Stuart Florida showed a decrease in sales for August.  Pending sales were up as compared to last month while inventory remained unchanged.  We continued to have some excellent sales in the higher price brackets this month, continuing a trend from July.   The one month absorption rate for the 34996 zip code area of Stuart Florida for August is 33 months, which still has plenty of room for improvement.  A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for August of 2011 were: 160 active listings, 28 pending sales and 9 closed sales.  Unusually better numbers last year than for 2012, compared to other segments of the martin County real estate market.

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Stuart Florida Market Report ZIP Code 34996 – Residential, August 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, July 2012

08.29.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, July 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for July 2012

 

For July 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 28 active condo listings. (Down 2 from June)

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7 Condo sales are pending and awaiting close or lender approval. (Down 1 from June)

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  3 Condos sold in July (A decrease of 3 condos from June)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. July showed fewer closed sales, one less pending sale recorded as well as another decrease in inventory.  With only 28 units available it’s fairly slim pickings in the Hobe Sound Florida Market Report ZIP Code 33455 condo market.

The one month absorption rate is 9.3 months, signifying that it’s still a buyers market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.  But, with such low numbers, these indicators can easily be misleading.



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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, July 2012

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, July 2012

08.28.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, July 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for July 2012

 

For July 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 279 active listings. ( An increase of 13 homes from June)

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77 Residential sales are pending and awaiting close or lender approval (A decrease of 16 homes from June)

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31 Homes Sold in July (A decrease of 15 homes from last month)

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The Hobe Sound real estate market (ZIP Code 33455) took a little turn for July.  For the first time in quite a few months, the inventory increased.  Pending sales and closed sales were also off.  This is the only segment in Martin County reporting such results, so it remains to be seen if this is just a seasonal abnormality or a developing trend.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 stands at 8.6 months.  This is still a buyers market in Hobe Sound.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, July 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, July 2012

08.26.12 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, July 2012

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for July 2012

 

For July 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the June Market Snapshot data was unavailable)

 

There are currently 54 active listings. ( A decrease of 4 condos from June)

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

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5 Condo Sold (Down 1 from June)

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The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market. The current inventory is now very low at only 54 condos available for sale. This might be an excellent time for those who have a need to sell their Jensen Beach condo in zip code 34957.  Pending sales were up marginally and closed sales fell for July by 1 unit. Considering that this is the summer season where the condo market activity is normally slow, this segment continues with good activity.

The one month absorption rate for the July 2012, Jensen Beach Florida Market Report ZIP Code 34957 stands at 9.7 months.  Still a buyers market, but down significantly from past months.


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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, July 2012

Stuart Florida Market Report ZIP Code 34997 – Condo, July 2012

08.20.12 by

Stuart Florida Market Report ZIP Code 34997 – Condo, July 2012

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2012

 

For July 2012 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 100 active condo listings (A decrease of 9 condo form June).

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

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13 Condos Sold in July (An increase of 3 condos from June).

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Bucking the trend for the other condo markets in Martin County, the Stuart condo market for the area in ZIP code 34997 had excellent numbers for July of 2012.  Inventory is now down to only 100 units while both pending and closed sales rose.

The one month absorption rate is at 7.7 months.  Still a slight buyers market, as a six moth absorption rate typically signifies a balanced market favoring neither the seller or buyer.

 

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2012

 

 

Stuart Florida Market Report ZIP Code 34997 – Residential, July 2012

08.19.12 by

Stuart Florida Market Report ZIP Code 34997 – Residential, July 2012

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for July 2012

 

There are currently 330 active listings (A decrease of 26 homes from June).

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222 Residential sales are pending and awaiting close or lender approval (An increase of 18 homes from June).

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50 Homes Sold in June (Down 28 homes from June)

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More strong results from the 34997 zip code area of Stuart Florida. This segment of the Martin County real estate market continues to outperform other areas of Martin County.  While closed sales were off for July, their remains a very strong number of pending sales, of which many are short sales and should eventually close in the not so distant future.  The inventory continues to decline in the 34997 zip code of Stuart, Florida and is getting close to levels not seen since the height of the boom market in the mid 2000’s.
 
 
The current one month absorption rate is 6.6 months.  This is considered to be a balanced market, favoring neither the seller or buyer.
 
 

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Stuart Florida Market Report ZIP Code 34997 – Residential, July 2012

Stuart Florida Market Report ZIP Code 34996 – Residential, July 2012

08.16.12 by

Stuart Florida Market Report ZIP Code 34996 – Residential, July 2012

 

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for July 2012

 

 

For July, 2011 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 166 active listings (An increase of 7 homes from June).

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28 Residential sales are pending and awaiting close or lender approval (Down 4 from June).

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11 Homes Sold in July (Up 3 from June).

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The 34996 zip code area of Stuart Florida showed a modest increase in sales for July as compared to last month while inventory saw a small increase.  Pending sales were off slightly.   We continued to have some excellent sales in the higher price brackets this month, continuing a trend from June.

The one month absorption rate for the 34996 zip code area of Stuart Florida is now 15 months, which still has plenty of room for improvement.  Abalanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

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Stuart Florida Market Report ZIP Code 34996 – Residential, July 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, June 2012

07.29.12 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, June 2012

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for June 2012

For June 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the May Market Snapshot data was unavailable)

There are currently 58 active listings. ( Unchanged from May)

21 Condo sales are pending and awaiting close or lender approval. (Down 4 condos from May)

6 Condo Sold (Down 2 from May)


The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market. The current inventory remains low and was unchanged from May. Pending and closed sales fell for June, possibly an indication of the slower summer season for condo sales.

Last June there were 61 active listings, 17 pending sales and 5 closed sales.  Fairly similar results last year.  We now have a lower inventory and more pending sales though.

 

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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, June 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, June 2012

07.28.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, June 2012

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for June 2012

For June 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 30 active condo listings. (Down 3 from May)

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

  6 Condos sold in June (A decrease of 4 condos from May)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. June showed excellent activity with 6 closed sales and a further decrease in inventory to only 30 available units. pending sales were down slightly.  I don’t expect to see any great movement in this segment of the Treasure Coast Florida condo market with such a small inventory.

Last June’s numbers were 41 active listings, 10 pending sales and 1 closed sales. With the exception of pending sales, much better numbers this year as compared to last.

 

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, June 2012

Stuart Florida Market Report ZIP Code 34997 – Condo, June 2012

07.26.12 by

Stuart Florida Market Report ZIP Code 34997 – Condo, June 2012

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2012

For June 2012 in the 34997 Zip Code area of Stuart, Florida :

There are currently 109 active condo listings (A decrease of 1 condo form May).

26 Condo sales are pending and awaiting close or lender approval (Down 3 condos from May).

10 Condos Sold in June (A decrease of 4 condos from May).

A slowdown of market activity from last month in the Stuart condo market for the area in ZIP code 34997.  All measured activity was slightly lower from May.  The 34997 zip code area of Stuart still has a troubling number of short sales and foreclosures coming on the market at a slower but steady rate.  This is keeping prices from rising.
Last years numbers were 103 active listings, 27 pending sales and 8 closed sales.  Very little change from last year.  The 34997 area of Stuart condo market seems to be treading water with a roughly 10 month absorption rate for June of 2012.

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, June 2012

07.23.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, June 2012

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for June 2012

For June 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 266 active listings. ( A decrease of 19 homes from May)

93 Residential sales are pending and awaiting close or lender approval (A decrease of 6 homes from May)

46 Homes Sold in June (An increase of 3 homes from last month)

The Hobe Sound real estate market (ZIP Code 33455) remained active for June. The inventory decreased again.  Now only 266 active listings. Closed sales remained strong and pending sales also showing good future sales providing they close in the near future. The Hobe Sound market has maintained better strength through the late spring season than most segments of the Martin County real estate market.

Last year, in June of 2011, we had 378 active listings, 72 pending sales and 38 closed sales.  A considerably stronger market this year with no signs of anything other than a slight seasonal slow down in the future.

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, June 2012

Stuart Florida Market Report ZIP Code 34997 – Residential, June 2012

07.17.12 by

Stuart Florida Market Report ZIP Code 34997 – Residential, June 2012

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for June 2012

There are currently 356 active listings (A decrease of 33 homes from May).

204 Residential sales are pending and awaiting close or lender approval (A decrease of 21 homes from May).

78 Homes Sold in May (Up 25 homes from May)

More good results from the 34997 zip code area of Stuart Florida. This segment of the Martin County real estate market has had an exceptionally strong spring! Inventory took another large drop again in June.  Pending and closed sales were also off somewhat from May’s exceptionally strong results.  The activity is still strong though and compared to last year’s numbers (see below), still very positive.
In June of 2011, there were 528 active listings, 164 pending sales, and 60 closed sales, for the 34997 zip code for Stuart, Florida.

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Stuart Florida Market Report ZIP Code 34997 – Residential, June 2012

Stuart Florida Market Report ZIP Code 34996 – Residential, June 2012

07.15.12 by

Stuart Florida Market Report ZIP Code 34996 – Residential, June 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for June 2012

For June 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 159 active listings (A decrease of 14 homes from May).

32 Residential sales are pending and awaiting close or lender approval (Down 1 from May).

8 Homes Sold in June (Down 26 from May).

The 34996 zip code area of Stuart Florida showed fewer sales for June as compared to last month while inventory continues to decline and pending sales remained steady.  Home sales averaged much better price numbers than for the past months and last year as higher-priced homes sold in May.

Comparing the numbers to June 2011, there were 167 active listings, 33 pending and 6 closed sales.  Very similar numbers to this year with less inventory available this year.

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Stuart Florida Market Report ZIP Code 34996 – Residential, June 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, May 2012

06.27.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, May 2012

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for May 2012

For May 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 33 active condo listings. (Down 2 from April)

8 Condo sales are pending and awaiting close or lender approval. (Up 2 from April)

  1 Condos sold in May (A decrease of 4 condos from April)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. May showed slower activity with only 1 closed sale and a further decrease in inventory to only 33 available units. pending sales were up slightly, so there should be some closed sales in the coming months.  I don’t expect to see any great movement in this segment of the Treasure Coast Florida condo market with such a small inventory.

Last May’s numbers were 40 active listings, 8 pending sales and 1 closed sales. Other than a greater number of active listings, almost identical to this year’s numbers.

 

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, May 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, May 2012

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, May 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for May 2012

 

For May 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 285 active listings. ( A decrease of 30 homes from April)

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99 Residential sales are pending and awaiting close or lender approval (A decrease of 8 homes from April)

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43 Homes Sold in May (A decrease of 4 homes from last month)

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The Hobe Sound real estate market (ZIP Code 33455) continued very strong results into May 2012. The inventory decreased significantly this month by 30 homes, while closed sales remained strong and pending sales also showing good future sales providing they close in the near future. The Hobe Sound market has maintained better strength through the late spring season than most segments of the Martin County real estate market.

Last year, in May of 2011, we had 379 active listings, 93 pending sales and 30 closed sales. Considering the fact that there’s almost 100 less homes on the market and sales and pending sales are still better than in 2011, the market in Hobe Sound appears to be healthy and improving.

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, May 2012