Stuart FL 34997 Residential Market Report July 2014

Stuart FL 34997 Residential Market Report July 2014

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

 

There are currently 362 active listings (Decreased by 19 homes from June).

Stuart FL 34997 Residential Market Report July 2014

 

189 Residential sales are pending and awaiting close or lender approval (Increased of 4 homes from June).

Stuart FL 34997 Residential Market Report July 2014

 

78 Homes Sold in July (Decreased by 2 homes from June)

Stuart FL 34997 Residential Market Report July 2014

 
      The Stuart Florida Residential Market for ZIP Code 34997 has been one of the hottest areas for Martin County residential sales.  A second month of increased pending sales, though it is also a second month of decreased closed activity.  Inventory also decreased for the month.
 
 
     The current one month absorption rate decreased to 4.6 months (was 4.8 months for June).  A sellers market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
 
 
     The 2013 numbers for July, were: 331 active listings, 166 pending listings and 62 closed sales.  For the 34997 zip code of Stuart, market activity is stronger for this year as compared to July of 2013.
 
Stuart FL 34997 Residential Market Report July 2014
 
 

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Stuart FL 34997 Residential Market Report July 2014

Stuart FL 34996 Residential Market Report July 2014

Stuart FL 34996 Residential Market Report July 2014

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

 

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

 

There are currently 169 active listings (Decreased by 8 homes from June).

Stuart FL 34996 Residential Market Report July 2014

 

 32 Residential sales are pending and awaiting close or lender approval (Decreased by 6 homes from June).

Stuart FL 34996 Residential Market Report July 2014

 

21 Homes Sold in July (increased by 6 homes from June).

Stuart FL 34996 Residential Market Report July 2014

 

The 34996 zip code area of the Stuart Florida residential real estate market rebounded a bit from somewhat weak May results.  Closed sales were up; while, unfortunately, the pending numbers decreased.  Inventory was also down for the month.

The one month absorption rate for the 34996 zip code area of Stuart Florida for July increased to 8 months as compared to June’s 11.8 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 July of 2013 were: 126 active listings, 44 pending sales and 15 closed sales.   Improved closed numbers for this year, though at a considerably greater inventory.

Stuart FL 34996 Residential Market Report July 2014

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Stuart FL 34996 Residential Market Report July 2014

Jensen Beach FL 34957 Condo Market Report June 2014

Jensen Beach FL 34957 Condo Market Report June 2014

 

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

 

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



There are currently 31 active listings. (No change from May)

Jensen Beach FL 34957 Condo Market Report June 2014

 

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

Jensen Beach FL 34957 Condo Market Report June 2014

 

3 Condos Sold (Down by 2 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2014

 

 The Jensen Beach FL 34957 Condo Market Report June 2014 remains a small sector as far as condos in Martin County. After a couple of months of inventory gains, the trend stopped in Junes and available condos for sale remained unchanged.  Pending sales were up by only 1 condo and closed sales were off.

The one month absorption rate for the June 2014, Jensen Beach Florida Market Report ZIP Code 34957 rose to 10.3 months (6.2 months in May), back into 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 June 2012 numbers were: 31 active listings, 24 pending sales and 7 condos closed.   Much stronger activity last year.

Jensen Beach FL 34957 Condo Market Report June 2014

 

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Jensen Beach FL 34957 Condo Market Report June 2014

Jensen Beach FL 34957 Residential Market Report June 2014

Jensen Beach FL 34957 Residential Market Report June 2014

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for June 2014

 For June 2014 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 122 active listings. (Increased by 10 homes from last month)

Jensen Beach FL 34957 Residential Market Report June 2014

 

62 Residential sales are pending and awaiting close or lender approval. (Down by 10 homes from May)

Jensen Beach FL 34957 Residential Market Report June 2014

 

25 Homes Sold (Decreased by 17 homes from May)

Jensen Beach FL 34957 Residential Market Report June 2014

 

Following an exceptionally strong May, the Jensen Beach FL 34957 Residential Market Report cooled a bit for June 2014.  Pending sales dropped for the third month in a row, which way be an indication of some future weakness in the number of sales.  Closed sales unfortunately declined.  There was also a nice little increase in inventory making a greater choice of homes for those looking in Jensen Beach.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 4.9 months (2.7 months in May).  Still a strong sellers market for Jensen Beach home sales.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The June 2012 numbers were: 112 active listings, 75 pending sales and 31 home sales closed.  Last years activity was still better for Jensen Beach.  This is a hot segment of the Martin County residential real estate market.
 
Jensen Beach FL 34957 Residential Market Report June 2014
 
 

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Jensen Beach FL 34957 Residential Market Report June 2014

Palm City FL 34990 Condo Market Report June 2014

Palm City FL 34990 Condo Market Report June 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for June 2014

 

For June 2014 in the 34990 Zip Code area of Palm City, Florida :



There are currently 56 active condo listings. (Up by 4 condos from May)

Palm City FL 34990 Condo Market Report June 2014

 

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

Palm City FL 34990 Condo Market Report June 2014

 

3 Condos Sold in June. (Down by 1 condo from May)

Palm City FL 34990 Condo Market Report June 2014

 

A second very weak month for the Palm City FL 34990 condo real estate market.  The inventory rose while both pending and closed sales declined.  The Palm City condo market is quite small and inferences into the more general condo market should not be made.

The current absorption rate for condos in the 34990 zip code area rose to 18.7 months (was 13 months in May).   A strong buyers market.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
 
The June 2012 numbers were: 54 active listings, 14 pending sales and 8 closed sales.   Much better activity in 2013.  Hopefully, this segment of the Martin County FL real estate market will strengthen soon.
 
Palm City FL 34990 Condo Market Report June 2014
 

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Palm City FL 34990 Condo Market Report June 2014

Palm City FL 34990 Residential Market Report June 2014

Palm City FL 34990 Residential Market Report June 2014

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for June 2014

 

For May 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 444 active listings (An increase of 8 homes from May)

Palm City FL 34990 Residential Market Report June 2014

 153 Residential sales are pending and awaiting close or lender approval. (Decreased by 22 homes from last month)

Palm City FL 34990 Residential Market Report June 2014

94 Homes Sold in May (Up by 22 homes from May)

Palm City FL 34990 Residential Market Report June 2014

     A good strong June for closed sales in the Palm City FL 34990 residential real estate market.   Unfortunately pending sales were off, a potential warning for weaker future sales.  The inventory remained strong with a small increase.
 
     The current absorption rate decreased to 4.7 months from 6.1 months in May, putting the Palm City residential real estate market back into a sellers market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

     The June 2012 numbers were:  382 active listings, 162 pending sales and 69 closed sales.  Considerably grater closed activity this year, but weaker pending sales figures.

Palm City FL 34990 Residential Market Report June 2014

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Palm City FL 34990 Residential Market Report June 2014

Stuart FL 34997 Residential Market Report June 2014

Stuart FL 34997 Residential Market Report June 2014

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

 

There are currently 381 active listings (Decreased by 32 homes from May).

Stuart FL 34997 Residential Market Report June 2014

185 Residential sales are pending and awaiting close or lender approval (Increased of 21 homes from May).

Stuart FL 34997 Residential Market Report June 2014

80 Homes Sold in June (Decreased by 27 homes from May)

Stuart FL 34997 Residential Market Report June 2014

      The Stuart Florida Residential Market for ZIP Code 34997 has been one of the hottest areas for Martin County residential sales.  Unfortunately, June saw a little decrease in activity with 27 fewer sales from the previous month.  Though, pending sales increased which is a good indicator for strong future sales.  Inventory was down by a fairly significant number making fewer options available for buyers of single family homes in the Stuart area.
 
 
     The current one month absorption rate rose to 4.8 months (was 3.9 months for May).  A sellers market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
 
 
     The 2013 numbers for June, were: 332 active listings, 172 pending listings and 68 closed sales.  This segment of the Stuart residential market has a dramatic increase in inventory when compared to last year.  Considerably stronger activity in this segment of the Stuart residential real estate market.
 
Stuart FL 34997 Residential Market Report June 2014
 
 

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Stuart FL 34997 Residential Market Report June 2014

Stuart FL 34996 Residential Market Report June 2014

Stuart FL 34996 Residential Market Report June 2014

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

 

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

 

There are currently 177 active listings (Decreased by 10 home from May).

Stuart FL 34996 Residential Market Report June 2014

 

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

Stuart FL 34996 Residential Market Report June 2014

15 Homes Sold in June (Decreased by 5 homes from May).

Stuart FL 34996 Residential Market Report June 2014

After a promising trend in May for the 34996 zip code area of the Stuart Florida residential real estate market, June numbers went in the wrong direction.  Closed and pending sales were both off and the inventory decreased as well.

The one month absorption rate for the 34996 zip code area of Stuart Florida for June increased to 11.8 months as compared to May’s 9.4 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 June of 2012 were: 153 active listings, 42 pending sales and 21 closed sales.   This segment of the Stuart market continues to lag behind the results from 2013 as well as other areas of Martin County.

Stuart FL 34996 Residential Market Report June 2014

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Stuart FL 34996 Residential Market Report June 2014

Beachwood Villas Condo on Hutchinson Island Sold

 

Beachwood Villas Condo on Hutchinson Island Sold

Beachwood Villas Condos on Hutchinson Island

This terrific 2 bed/2 bath unit, fully furnished with great stuff, in Beachwood has sold through the advanced use of Internet technology by the Gabe Sanders BlueWater Realty team! Very Bahamian, in theme-good views of the ocean from the expansive screened porch and living room! Great complex, gated, with super pool/spa recreational area! Pets OK (2). This u nit may be rented seasonally. Carport under building and storage unit. A wonderful pied-a-terr for beachcombers and/or happy holiday makers! (If you lived here, you’d think you’re on vacation all year round!) Lovely, ambiance!

Beachwood Villas Condos on Hutchinson Island

Beachwood Villas Condos is on Hutchinson Island in Stuart, FL and consists of 79 units built in 1975,  Covered parking along with a pool and hot tub are the main amenities.  Most units offer direct ocean views along with your own beach access.  Units are all 2 Bedroom and 2 bath and range in size from 1,259 to 937 sq. ft. of living area.  Great location with easy access to either the Stuart or Jensen Beach Causeways.

Beachwood Villas Condos on Hutchinson Island

Beachwood Villas Condos on Hutchinson Island

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Beachwood Villas Condo on Hutchinson Island Sold



Jensen Beach FL 34957 Condo Market Report May 2014

Jensen Beach FL 34957 Condo Market Report May 2014

 

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

 

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



There are currently 31 active listings. (Increased by 2 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2014

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

Jensen Beach FL 34957 Condo Market Report May 2014

5 Condos Sold (Down by 4 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2014

 

 The Jensen Beach FL 34957 Condo Market Report May 2014 remains a small sector as far as condos in Martin County. After dropping down to very low levels, the active inventory has started to rise now for two months in a row.  Unfortunately pending sales remain fairly low as well as a slower volume of closed sales.

The one month absorption rate for the May 2014, Jensen Beach Florida Market Report ZIP Code 34957 rose to 6.2 months (3.2 months in April), back into a balanced 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 May 2012 numbers were: 44 active listings, 24 pending sales and 7 condos closed.   Even though the Jensen Beach Condo market activity was better last year, this remains a strong segment for Martin County real estate.

Jensen Beach FL 34957 Condo Market Report May 2014

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Jensen Beach FL 34957 Condo Market Report May 2014

Jensen Beach FL 34957 Residential Market Report May 2014

Jensen Beach FL 34957 Residential Market Report May 2014

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for May 2014

 For May 2014 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 112 active listings. (Decreased by 23 homes from last month)

Jensen Beach FL 34957 Residential Market Report May 2014

72 Residential sales are pending and awaiting close or lender approval. (Down by 8 homes from April)

Jensen Beach FL 34957 Residential Market Report May 2014

42 Homes Sold (Increased by 2 homes from April)

Jensen Beach FL 34957 Residential Market Report May 2014

Continued strong closed sales numbers for the Jensen Beach FL 34957 Residential Market Report May 2014.  Unfortunately pending sales dropped for the second month in a row, which way be an indication of some future weakness in the number of sales.  The inventory also dropped significantly making fewer homes available for buyers to have access to.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 2.7 months (3.4 months in April).  An exceptionally strong sellers market for Jensen Beach home sales.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The May 2012 numbers were: 103 active listings, 76 pending sales and 27 home sales closed.   Considerably stronger closed sales this year as compared to 2013.  I don’t believe this level of activity is sustainable in Jensen Beach, as I’m expecting a gradual move back towards a balanced market in the coming months. 
 
(Please disregard the one sale at 908% of list price.  This is a data error that has not been corrected to date.)
Jensen Beach FL 34957 Residential Market Report May 2014
 
 

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Jensen Beach FL 34957 Residential Market Report May 2014

Palm City FL 34990 Condo Market Report May 2014

Palm City FL 34990 Condo Market Report May 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for May 2014

 

For May 2014 in the 34990 Zip Code area of Palm City, Florida :



There are currently 52 active condo listings. (Down by 1 condo from April)

Palm City FL 34990 Condo Market Report May 2014

10 Condo sales are pending and awaiting close or lender approval. (Increased by 2 condos from last month)

Palm City FL 34990 Condo Market Report May 2014

4 Condos Sold in May. (Down by 3 condos from April)

Palm City FL 34990 Condo Market Report May 2014

Unfortunately closed sales were off for may 2014 in the Palm City FL 34990 condo real estate market.  Pending sales were up and inventory was down.  The Palm City condo market is quite small and inferences into the more general condo market should not be made.

The current absorption rate for condos in the 34990 zip code area rose to 13  months (was 7.6 months in April).   A buyers market.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The May 2012 numbers were: 52 active listings, 16 pending sales and 3 closed sales.   Similar numbers to last year, but the decrease in pending sales this year is a note for concern for future activity.
Palm City FL 34990 Condo Market Report May 2014

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Palm City FL 34990 Condo Market Report May 2014

Palm City FL 34990 Residential Market Report May 2014

Palm City FL 34990 Residential Market Report May 2014

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for May 2014

 

For April 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 436 active listings (Decrease of 10 homes from April)

Palm City FL 34990 Residential Market Report May 2014

 175 Residential sales are pending and awaiting close or lender approval. (Increased by 9 homes from last month)

Palm City FL 34990 Residential Market Report May 2014

72 Homes Sold in April (Decreased by 10 homes from April)

Palm City FL 34990 Residential Market Report May 2014

A solid month for the Palm City FL 34990 residential real estate market.  Not quite as strong as the very active April that we had, but good activity none the less.  Closed sales were off from April, but remained at a strong level and pending sales rose indicating a potential for good future activity.  The inventory declined slightly.
 
The current absorption rate increased to 6.1 months from 5.4 months in April, putting the Palm City residential real estate market back into a balanced market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The May 2012 numbers were:  391 active listings, 167 pending sales and 77 closed sales.  When the increased inventory is figured in, numbers are very similar to last years excellent activity.

Palm City FL 34990 Residential Market Report May 2014

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Palm City FL 34990 Residential Market Report May 2014

Stuart FL 34997 Residential Market Report May 2014

Stuart FL 34997 Residential Market Report May 2014

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

 

There are currently 413 active listings (Increased by 9 homes from April).

Stuart FL 34997 Residential Market Report May 2014

164 Residential sales are pending and awaiting close or lender approval (A decrease of 26 homes from April).

Stuart FL 34997 Residential Market Report May 2014

107 Homes Sold in May (Increased by 46 homes from April)

Stuart FL 34997 Residential Market Report May 2014

The Stuart Florida Residential Market for ZIP Code 34997 had a very strong May with a large increase in closed sales and another bump in active inventory.  The one potential disturbing number is a large drop in pending sales.  A potential for less sales in the near future.
 
The current one month absorption rate dipped to 3.9 months (was 6.6 months for April).  A strong 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 May, were: 298 active listings, 190 pending listings and 84 closed sales.  This segment of the Stuart residential market has a dramatic increase in inventory when compared to last year.  Hence, activity is also considerably higher.
Stuart FL 34997 Residential Market Report May 2014
 
 
 

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Stuart FL 34997 Residential Market Report May 2014

Stuart FL 34996 Residential Market Report May 2014

Stuart FL 34996 Residential Market Report May 2014

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

 

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

 

There are currently 187 active listings (Increased by 1 home from April).

Stuart FL 34996 Residential Market Report May 2014

 48 Residential sales are pending and awaiting close or lender approval (Decreased by 4 homes from April).

Stuart FL 34996 Residential Market Report May 2014

20 Homes Sold in May (Increased by 9 homes from April).

Stuart FL 34996 Residential Market Report May 2014

A good month for the 34996 zip code area of the Stuart Florida residential real estate market.  Inventory rose slightly and closed sales took a nice jump.  The only negative was a drop in pending sales, indicating a potential reduction in future closed sales.

The one month absorption rate for the 34996 zip code area of Stuart Florida for May decreased to 9.4 months as compared to April’s 16.9 months.  Still a buyers market, but much better than the April number.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for May of 2012 were: 161 active listings, 55 pending sales and 19 closed sales.   This segment of the Stuart market continues to lag behind the results from 2013.

Stuart FL 34996 Residential Market Report May 2014

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Stuart FL 34996 Residential Market Report May 2014

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code April 2014

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code April 2014

 

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

 

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



There are currently 29 active listings. (Increased by 6 condos from March)

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code April 2014

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

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code April 2014

9 Condos Sold (Down by 7 condos from March)

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code April 2014

 The Jensen Beach Condo market (zip code 34957) is now down to only 23 active listings for April. This is a very small number and meaningful comparisons are difficult to achieve with such a small sampling of condos.  April saw the first increase in inventory in four months for the Jensen beach Condo market.   Both pending and closed sales were down for April.

The one month absorption rate for the April 2014, Jensen Beach Florida Market Report ZIP Code 34957 rose to 3.2 months (1.4 months in March), still a very strong sellers market.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The April 2012 numbers were: 51 active listings, 26 pending sales and 15 condos closed.   2013 had a much more active market.

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code April 2014

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Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code April 2014

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code April 2014

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code April 2014

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for April 2014

 For April 2014 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 135 active listings. (Increased by 11 homes from last month)

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code April 2014

80 Residential sales are pending and awaiting close or lender approval. (Down by 17 homes from March)

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code April 2014

40 Homes Sold (Increased by 11 homes from March)

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code April 2014

The April 2014 Jensen Beach residential real estate market, zip code 34957 had excellent closed activity for the month.  Unfortunately pending sales dropped, which way be an indication of some future weakness in the number of sales.  Inventory increased for the first time in three months, which will hopefully spur demand from buyers as there’s a greater selection to choose from.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 3.4 months (4.3 months in March).  Continuing a very strong sellers market for Jensen Beach residential home sales.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The April 2012 numbers were: 116 active listings, 84 pending sales and 32 home sales closed.   Better activity, if only slightly, this year as compared to April 2013.
Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code April 2014
 
 

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Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code April 2014

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code April 2014

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code April 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for April 2014

 

For April 2014 in the 34990 Zip Code area of Palm City, Florida :



There are currently 53 active condo listings. (Down by 4 condos from March)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code April 2014

8 Condo sales are pending and awaiting close or lender approval. (Decreased by 3 condos from last month)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code April 2014

7 Condos Sold in April. (Up by 6 condos from March)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code April 2014

April saw a good improvement for closed sales for the Palm City FL real estate market for zip code 34990.  Unfortunately both pending sales and the inventory declined.  This is a pretty strong indication of slower activity for the future.  Though, this segment of the Martin County condo market is fairly small as most Palm City real estate is residential single family homes, so there is not that much of a correlation to the ‘bigger picture’ from this segment of our market.

The current absorption rate for condos in the 34990 zip code area zoomed to 7.6  months (was 57 months in March).   A buyers market.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The April 2012 numbers were: 58 active listings, 14 pending sales and 7 closed sales.   Slightly better activity for last year.
Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code April 2014

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Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code April 2014

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code April 2014

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code April 2014

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for April 2014

 

For March 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 446 active listings (Increase of 6 homes from March)

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code April 2014

 166 Residential sales are pending and awaiting close or lender approval. (Decreased by 3 homes from last month)

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code April 2014

82 Homes Sold in March (Increased by 34 home from March)

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code April 2014

Wow! After two slow months to start the 2014 market, the Palm City home market (zip code 34990) improved in March and then went off the charts nearly doubling the number of closed sales for April.  Pending sales had a small decrease, but this is after a large increase last month.  Inventory increased slightly.
 
The current absorption rate plunged to 5.4 months from 9.1 months in March, putting the Palm City residential real estate market back into a sellers market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The April 2012 numbers were:  382 active listings, 186 pending sales and 76 closed sales.  Better closed sales this year, though when the inventory rise is factores in, the activity was better last year..

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code April 2014

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Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code April 2014

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code April 2014

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code April 2014

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

 

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

 

There are currently 186 active listings (Increased by 22 homes from March).

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code April 2014

 52 Residential sales are pending and awaiting close or lender approval (Increased by 5 homes from March).

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code April 2014

11 Homes Sold in April (Decreased by 4 homes from March).

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code April 2014

Other than lower closed volume for the 34996 zip code area of the Stuart Florida residential real estate market continues to improve, with both higher inventory and pending sales.  The pending sales figures should translate to greater closed volume in the coming months.

The one month absorption rate for the 34996 zip code area of Stuart Florida for April increased to 16.9 months as compared to March’s 10.8 months.  This is not a pretty picture for sellers, but can indicate some strong advantages to buyers interested in this part of Stuart.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for April of 2012 were: 172 active listings, 57 pending sales and 18 closed sales.   Better numbers all around, last year. Though it appears that the 34996 area of Stuart is poised for a god summer.

 Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code April 2014

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Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code April 2014