Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code December 2013

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code December 2013

 

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

 

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



There are currently 41 active listings. ( Increased by 3 condos from November)
Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code December 2013

15 Condo sales are pending and awaiting close or lender approval. (Down by 1 condo from November)
Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code December 2013

10 Condos Sold (Increased by 8 condos from November)Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code December 2013


The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  Inventory remains very low even though we’ve had increases in the past four months in a row.   We ended 2013 with a nice jump in closed sales from adissapointing November.  Pending sales, dropped by only 1 unit.

The one month absorption rate for the December 2013, Jensen Beach Florida Market Report ZIP Code 34957 dipped to 4.1 months (19months in November), signifying a strong seller’s market.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The December 2012 numbers were: 65 active listings, 17 pending sales and 5 condos closed.   Considerably better activity to close out a very positive 2013 as compared to last year.

 Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code December 2013

 

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Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code December 2013

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code December 2013

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code December 2013

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for December 2013

 For December 2013in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 135 active listings. (Unchanged from last month)Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code December 2013

51 Residential sales are pending and awaiting close or lender approval. (Down by 9 homes from November)
Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code December 2013

27 Homes Sold (Decreased by 5 homes from November)Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code December 2013

 

The December 2013 Jensen Beach residential real estate market, zip code 34957 showed a slower end of year results.  After a rise in closed sales for November, results were off for December.  A bit more troubling was the second month of decreasing pending sales, which is an indicator of future closed sales.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 5  months (4.4 months in November).  Still in a strong seller’s market.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The December 2012 numbers were: 113 active listings, 52 pending sales and 26 home sales closed.   One of the few areas of Martin County with higher inventory levels than last year.  Market activity is very similar, but with the lower inventory factored in, our activity was slightly better at the end of 2012.
 
Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code December 2013
 

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Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code December 2013

 

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2013

 

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



There are currently 66 active condo listings. (Down by 1 condo from November)
Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

5 Condo sales are pending and awaiting close or lender approval. (Decreased by 1 condo from last month)Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

2 Condos Sold in December. (Up by 1 condo from November)Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

Slow activity for the end of the year for the condo segment of the Palm City FL real estate market.  However, this is a very small segment of the Palm City market as this area is primarily single family homes.  Trends are good to watch but a meaningful interpretation from monthly swings in values is difficult to determine.

The current absorption rate for condos in the 34990 zip code area dropped to 33  months with only 2 sales (was 67 months in November).   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 December 2012 numbers were: 63 active listings, 8 pending sales and 3 closed sales.   One of the few areas in Martin County where the 2012 market activity surpassed this year’s numbers.

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

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Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code December 2013

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code December 2013

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2013

 

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


There are currently 399 active listings (A decrease of 16 homes from November)Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code December 2013

 140 Residential sales are pending and awaiting close or lender approval. (Decreased by 9 homes from last month) Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code December 2013

73 Homes Sold in November (Increased by 21 homes from November)Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code December 2013

 
A very strong finish for the Palm City home market (zip code 34990) for 2013.  Closed sales were up considerably from last month.  Pending sales were off slightly and after two months of rising inventories, the available Palm City homes for sale once again decreased.
 
The current absorption rate dropped to 5.5  months from 8 months in October, putting us back into a seller’s market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The November 2012 numbers were:  398 active listings, 129 pending sales and 45 closed sales.    Our inventory is almost unchanged from last year now and the sales activity is considerably improved.

 

 Please use the charts below as reference only as they rely on all residential types of property in the 34990 real estate market:Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code December 2013

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Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code December 2013

 

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code December 2013

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code December 2013

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

 

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

 

There are currently 128 active listings (Decreased by 11 homes from November). Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code December 2013

 25 Residential sales are pending and awaiting close or lender approval (Decreased by 4 homes from November).Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code December 2013
 

16 Homes Sold in December (Increased by 7 homes from November).Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code December 2013

For the 34996 zip code area of the Stuart Florida residential real estate market, a strong finish for closed sales in December.   After an increase in inventory in November, another decrease this month along with a decrease in pending home sales as well.

The one month absorption rate for the 34996 zip code area of Stuart Florida for December dropped to 8 months as compared to November’s 15.4 months.  Still a buyer’s market but once again close to a balanced market for the 34996 zip code area 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 December of 2012 were: 151 active listings, 23 pending sales and 11 closed sales.   Considerably better activity than last year.  And, one of our few areas with continuing reduced inventory.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code December 2013

 

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Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code December 2013

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code December 2013

Stuart Florida Homes for Sale and Sold Report 34997 ZIP code December 2013

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

 

There are currently 394 active listings (Decreased by 2 homes from November). Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code December 2013

130 Residential sales are pending and awaiting close or lender approval (A decrease of 13 homes from November).Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code December 2013

 

85 Homes Sold in December (Up by 14 homes from November)Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code December 2013

The Stuart Florida Market for ZIP Code 34997 residential ended the year with a nice increase in closed sales from last month. Unfortunately both pending sales as well as the inventory of available homes declined. The lower pending activity is cause for some concern as this is the second fairly big decline in a row.
The current one month absorption rate dropped to 4.6 months making this segment of the Stuart residential market a strong seller’s market (down from last months 5.6 month absorption rate). Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
The 2012 numbers were: 336 active listings, 164 pending listings and 62 closed sales. Considerably stronger activity for this month as compared to last year.
Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code December 2013

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Stuart Florida Homes for Sale and Sold Report 34997 zip code December 2013

 

Jensen Beach Florida Market Report ZIP Code 34957 Condo November 2013

Jensen Beach Florida Market Report ZIP Code 34957 Condo November 2013

 

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

 

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



There are currently 38 active listings. ( Increased by 2 condos from October)
Market Report ZIP Code 34957 Condo November 2013

16 Condo sales are pending and awaiting close or lender approval. (Up by 3 condos from October)
Market Report ZIP Code 34957 Condo November 2013

2 Condos Sold (Decreased by 5 condos from October)
Market Report ZIP Code 34957 Condo November 2013


The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  Inventory remains very low even though we’ve had small increases in the past three months.   Closed sales for November were only 2 condos while pending sales rose slightly.

The one month absorption rate for the November 2013, Jensen Beach Florida Market Report ZIP Code 34957 rose again to 19 months (5.1 months in October), signifying a step into a slight sellers market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The November 2012 numbers were: 29 active listings, 22 pending sales and 8 condos closed.   Not as good a market this year as compared to last for the Jensen beach Condo segment of the Martin County real estate market.

 

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

Market Report ZIP Code 34957 Condo November 2013

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Jensen Beach Florida Market Report ZIP Code 34957 Condo November 2013

Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013

Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for November 2013

 For November 2013in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 135 active listings. (An increase of 8 homes from last month)
Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013

60 Residential sales are pending and awaiting close or lender approval. (Down by 15 homes from October)
Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013

32 Homes Sold (Increased by 15 homes from October)

Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013

The November 2013 Jensen Beach residential real estate market, zip code 34957 showed a welcome increase in closed sales as well as a needed increase in inventory.  Unfortunately, pending sales were off for the month.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 4.4  months (7.5 months in October).  Now a strong seller’s market.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The November 2012 numbers were: 111 active listings, 73 pending sales and 23 home sales closed.   Interestingly the inventory for the Jensen Beach residential real estate market is higher this year than last, unlike most other parts of Martin County.  Pending sales this year are down compared to last, while closed sales are better.
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:
Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013
 

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Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013

Palm City Florida Market Report ZIP Code 34990 Condo November 2013

Palm City Florida Market Report ZIP Code 34990 Condo November 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2013

 

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



There are currently 67 active condo listings. (Up by 8 condos from October)
Palm City Florida Market Report ZIP Code 34990 Condo November 2013

6 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)
Palm City Florida Market Report ZIP Code 34990 Condo November 2013

 

1 Condos Sold in November. (Down by 3 condo from October)

Palm City Florida Market Report ZIP Code 34990 Condo November 2013

 

Very disappointing activity for the 34990 zip code area of Palm City condo market for November 2013.  Inventory increased, pending sales remained unchanged and only 1 condo sold in November.

The current absorption rate for condos in the 34990 zip code area is an atrocious 67  months with only 1 sale (was 14.8 months in October).   A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market is currently a strong buyers market.
 
The November 2012 numbers were: 61 active listings, 10 pending sales and 5 closed sales.   Unfortunately, this year’s activity is not nearly as active as it was in November 2012.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

Palm City Florida Market Report ZIP Code 34990 Condo November 2013

 

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Palm City Florida Market Report ZIP Code 34990 Condo November 2013

Palm City Florida Market Report ZIP Code 34990 Residential November 2013

Palm City Florida Market Report ZIP Code 34990 Residential November 2013

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for November 2013

 

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


There are currently 415 active listings (A decrease of 1 home from October)Palm City Florida Market Report ZIP Code 34990 Residential November 2013

 

149 Residential sales are pending and awaiting close or lender approval. (Increased by 5 homes from last month) Palm City Florida Market Report ZIP Code 34990 Residential November 2013

52 Homes Sold in November (Decreased by 2 homes from October)

Palm City Florida Market Report ZIP Code 34990 Residential November 2013

 
A second month of strong results (in the off season) for the Palm City, zip code 34990, area of Martin County Florida   Continues strong pending and sales activity.  The inventory remained stable after two months of increases.
 
The current absorption rate rose slightly to to 8 months from 7.7 months in October, a slight buyer’s market.  A slight buyers market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.  I don’t expect a buyers market to last, as I think sales will be picking up soon in Palm City once again.

The November 2012 numbers were:  404 active listings, 134 pending sales and 56 closed sales.   Similar activity to last year, though it’s interesting to note that the inventory is now higher.  Reversing a trend from the past year or two.

 

 Please use the charts below as reference only as they rely on all residential types of property in the 34990 real estate market:

Palm City Florida Market Report ZIP Code 34990 Residential November 2013
 

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Palm City Florida Market Report ZIP Code 34990 Residential November 2013

 

Stuart Florida Market Report ZIP Code 34997 Residential November 2013

Stuart Florida Market Report ZIP Code 34997 Residential November 2013

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

 

There are currently 396 active listings (Increased by 15 homes from October). Stuart Florida Market Report ZIP Code 34997 Residential November 2013

143 Residential sales are pending and awaiting close or lender approval (A decrease of 28 homes from October).

Stuart Florida Market Report ZIP Code 34997 Residential November 2013

 

71 Homes Sold in November (Up by 9 homes from October)

Stuart Florida Market Report ZIP Code 34997 Residential November 2013

Mostly positive signs from the Stuart Florida Market Report ZIP Code 34997 residential real estate market.  Unlike many other areas of Martin County the 34997 zip code had a significant rise in inventory in the past two months.  Closed sales were also up.  The only point of some concern was a drop in pending activity for November.
 
The current one month absorption rate dropped to 5.6 months making this segment of the Stuart residential market once again a seller’s market (up from last months 6.15 month absorption rate).  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.  
 
The 2012 numbers were: 359 active listings, 191 pending listings and 44 closed sales.   Interestingly there’s a significantly higher inventory for this segment of the Martin County real estate market.  Closed activity is much higher for this year.  While the number of potential future sales (pending inventory) is a bit worrisome this month.
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
Stuart Florida Market Report ZIP Code 34997 Residential November 2013
 
 

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Stuart Florida Market Report ZIP Code 34997 Residential November 2013

Stuart Florida Market Report ZIP Code 34996 Residential November 2013

Stuart Florida Market Report ZIP Code 34996 Residential November 2013

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

 

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

 

There are currently 139 active listings (Increased by 10 homes from October). Stuart Florida Market Report ZIP Code 34996 Residential November 2013

 29 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from October).

Stuart Florida Market Report ZIP Code 34996 Residential November 2013 

9 Homes Sold in November (Decreased by 4 homes from October).
Stuart Florida Market Report ZIP Code 34996 Residential November 2013

For the 34996 zip code area of Stuart Florida real estate market, mixed results for November.  A nice increase in inventory which will give buyers a greater selection of available homes for sale.  Also, a small increase in pending sales which is a good sign for future activity.  Unfortunately closed sales were down for this month.

The one month absorption rate for the 34996 zip code area of Stuart Florida for November jumped to 15.4  months as compared to October’s 9.9 months.  A strong buyer’s market for the 34996 zip code area of Stuart.  A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for November of 2012 were: 157 active listings, 23 pending sales and 11 closed sales.   Marginally better numbers this year as compared to 2012 when the reduced inventory is factored in.

 

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

Stuart Florida Market Report ZIP Code 34996 Residential November 2013 

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Stuart Florida Market Report ZIP Code 34996 Residential November 2013

December 2013 Market Update Westwood Country Estates Palm City

December 2013 Market Update Westwood Country Estates Palm City

As of December 2013, there are 4 homes on the market in Westwood Country Estates in Palm City, FL.  Listing prices range from $425,000 to $584,900 with an average of $192.63 per sq. ft. of living area.  None of these active listings are distressed sales.

There are no homes currently under contract (pending sales)

There have been 3 homes sold in the past 12 months in Westwood Country estates.  Sales prices ranged from $230,000 to $370,000 for an average of $111.26 per sq. ft. of living area.  One of these sales was a short sale and one was a bank owned foreclosure.

December 2013 Market Update Westwood Country Estates Palm City Florida

 

Westwood Country Estates in Palm City, FL  is a wide open, gorgeous community that features statuesque homes that are beautifully placed on oversized lots of ½ acre or more, that will give you and your family plenty of room to grow!  Wonderfully landscaped throughout, Westwood Country Estates will make you feel proud to come home to.  Every home is unique and there is sure to be one you will fall in love with!

Palm City is a great place to raise a family with its “A” rated schools and proximity to I-95 and Florida’s Turnpike which opens you to all the opportunities of both Martin County and it’s neighbors, just a short drive North or South!  Martin County has lots of recreational areas and opportunities to enjoy many opportunities outdoors with your family!

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Jensen Beach Florida Market Report ZIP Code 34957 Condo October 2013

Jensen Beach Florida Market Report ZIP Code 34957 Condo October 2013

 

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

 

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



There are currently 36 active listings. ( Increased by 1 condos from September)
Jensen Beach Florida Market Report ZIP Code 34957 Condo October 2013

13 Condo sales are pending and awaiting close or lender approval. (Down by 4 condo from September)
 	Jensen Beach Florida Market Report ZIP Code 34957 Condo October 2013

 

7 Condos Sold (Increased by 2 condos from September)
 	Jensen Beach Florida Market Report ZIP Code 34957 Condo October 2013


The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  Inventory remains very low even though we’ve had small increases in the past two months.   Pending sales were off  for the second month while closed sales rose slightly.

The one month absorption rate for the October 2013, Jensen Beach Florida Market Report ZIP Code 34957 jumped to 5.1 months (7 months in September), signifying a step into a slight sellers market. A balanced market is considered to be a 6 month absorption rate favoring neither the buyer or seller.

The October 2012 numbers were: 29 active listings, 22 pending sales and 8 condos closed.   Not as good a market this year as compared to last for the Jensen beach Condo segment of the Martin County real estate market.

 

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

 	Jensen Beach Florida Market Report ZIP Code 34957 Condo October 2013

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Jensen Beach Florida Market Report ZIP Code 34957 Condo October 2013

Jensen Beach Florida Market Report ZIP Code 34957 Residential October 2013

Jensen Beach Florida Market Report ZIP Code 34957 Residential October 2013

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for October 2013

 For October 2013in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 127 active listings. (An increase of 3 homes from last month)
Jensen Beach Florida Market Report ZIP Code 34957 Residential October 2013

75 Residential sales are pending and awaiting close or lender approval. (Up by 6 homes from September)
Jensen Beach Florida Market Report ZIP Code 34957 Residential October 2013

17 Homes Sold (Decreased by 11 homes from September)

Jensen Beach Florida Market Report ZIP Code 34957 Residential October 2013

For October 2013 the most significant change for the Jensen Beach residential real estate market, zip code 34957 was a considerable drop in closed sales.  An increase in pending sales bodes well for future sales as does the second month of a slowly increasing inventory.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 jumped to 7.5 months (4.4 months in September).  A slight buyer’s market for now.   A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The October 2012 numbers were: 109 active listings, 74 pending sales and 24 home sales closed.   Interestingly the inventory for the Jensen beach residential real estate market is higher this year than last, unlike most other parts of Martin County.  Overall the activity for this year was not as good as for 2012.
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:
Jensen Beach Florida Market Report ZIP Code 34957 Residential October 2013 

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Jensen Beach Florida Market Report ZIP Code 34957 Residential October 2013

Palm City Florida Market Report ZIP Code 34990 Condo October 2013

Palm City Florida Market Report ZIP Code 34990 Condo October 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2013

 

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



There are currently 59 active condo listings. (Up by 4 condos from September)
Palm City Florida Market Report ZIP Code 34990 Condo October 2013

6 Condo sales are pending and awaiting close or lender approval. (Decreased by 2 condos from last month)
Palm City Florida Market Report ZIP Code 34990 Condo October 2013

 

4 Condos Sold in October. (Down by 1 condo from September)

Palm City Florida Market Report ZIP Code 34990 Condo October 2013

 

 The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.  The October market activity showed the second month in a row of increased inventory, though unfortunately both pending and closed sales were off.

The current absorption rate for condos in the 34990 zip code area is 14.8 months (was 11 months in September), signifying a buyers market.   A balanced market is considered to be an absorption rate of around 6 months.
 
The October 2012 numbers were: 59 active listings, 9 pending sales and 4 closed sales.   Almost identical to 2012 activity with fewer pending sales this year.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

Palm City Florida Market Report ZIP Code 34990 Condo October 2013

 

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Palm City Florida Market Report ZIP Code 34990 Condo October 2013

Palm City Florida Market Report ZIP Code 34990 Residential October 2013

Palm City Florida Market Report ZIP Code 34990 Residential October 2013

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for October 2013

 

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


There are currently 416 active listings (An increase of 37 homes from September)

Palm City Florida Market Report ZIP Code 34990 Residential October 2013

144 Residential sales are pending and awaiting close or lender approval. (Decreased by 3 homes from last month) Palm City Florida Market Report ZIP Code 34990 Residential October 2013

 

54 Homes Sold in October (Increased by 6 homes from September)

Palm City Florida Market Report ZIP Code 34990 Residential October 2013

 
After some disappointing sales numbers for September for the Palm City, zip code 34990, area of Martin County Florida, there was a rebound for October..   Also, the second month in a row with sizable gain in inventory. Pending sales were off slightly.  Most interesting is the increase in inventory. 
 
The current absorption rate dropped slightly to to 7.7 months from 7.9 months in September, but is at a much more sustainable rate than the hot sellers market we had in Palm City during the spring and early summer.  A slight buyers market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.  I don’t expect a buyers market to last, as I think sales will be picking up soon in Palm City once again.

The October 2012 numbers were:  420 active listings, 150 pending sales and 49 closed sales.   Very similar activity to last year.

 

 Please use the charts below as reference only as they rely on all residential types of property in the 34990 real estate market:

Palm City Florida Market Report ZIP Code 34990 Residential October 2013 

 

 

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Palm City Florida Market Report ZIP Code 34990 Residential October 2013

Stuart Florida Market Report ZIP Code 34996 Residential October 2013

Stuart Florida Market Report ZIP Code 34996 Residential October 2013

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

 

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

 

There are currently 129 active listings (Decreased by 11 homes from September).
Stuart Florida Market Report ZIP Code 34996 Residential October 2013

 

27 Residential sales are pending and awaiting close or lender approval (Increased by 11 homes from September). Stuart Florida Market Report ZIP Code 34996 Residential October 2013

 

13 Homes Sold in October (No change from September).
Stuart Florida Market Report ZIP Code 34996 Residential October 2013

 

 

After a very soft September for the 34996 zip code area of Stuart Florida real estate market, activity for October picked up quite well.  Though a bit surprising as the trend for most of our areas was a little light for October.  Pending sales rebounded from September, while closed sales remained steady.  The inventory, which took a nice jump in September, once again decreased this October. 

The one month absorption rate for the 34996 zip code area of Stuart Florida for October decreased to 9.9 months as compared to September’s 10.8 months.  Still a buyer’s market for the 34996 zip code area of Stuart.  A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for October of 2012 were: 157 active listings, 33 pending sales and 12 closed sales.   Slightly improved market as compared to last year.

 

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

 Stuart Florida Market Report ZIP Code 34996 Residential October 2013

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Stuart Florida Market Report ZIP Code 34996 Residential October 2013

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

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

 

There are currently 381 active listings (Increased by 25 homes from September).
Stuart Florida Market Report ZIP Code 34997 Residential October 2013

 

171 Residential sales are pending and awaiting close or lender approval (A decrease of 4 homes from September). 

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

 

62 Homes Sold in October (Down by 8 homes from September)

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

 

The Stuart Florida Market Report ZIP Code 34997 showed some moderation as we approach the slower holiday season.  The inventory rose for the third month in a row, unlike many other areas of Martin County.  Both sales and pending sales decreased for October.
 
The current one month absorption rate rose to 6.15 months making this segment of the Stuart residential market a balanced one (up from last months 5.1 month absorption rate).  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.  
 
The 2012 numbers were: 360 active listings, 189 pending listings and 51 closed sales.   Better activity as compared to last October.  Interestingly with an increase in inventory.
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
Stuart Florida Market Report ZIP Code 34997 Residential October 2013
 
 

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34997 Residential October 2013

Jensen Beach Florida Market Report ZIP Code 34957 Condo September 2013

Jensen Beach Florida Market Report ZIP Code 34957 Condo September 2013

 

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

 

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



There are currently 35 active listings. ( Increased by 5 condos from August)
Jensen Beach Florida Market Report ZIP Code 34957 September August 2013

17 Condo sales are pending and awaiting close or lender approval. (Down by 1 condo from August)
Jensen Beach Florida Market Report ZIP Code 34957 September August 2013

 

5 Condos Sold (A decrease of 7 condos from August)
Jensen Beach Florida Market Report ZIP Code 34957 September August 2013


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 as compared to the past 10 years, though for September we did have an increase of 5 units.   Pending sales were off by 1 while closed sales were down significantly.

The one month absorption rate for the September 2013, Jensen Beach Florida Market Report ZIP Code 34957 jumped to 7 months (2.5 months in August), signifying a step back into a slight buyers market after numerous months of a sellers market. A balanced market is considered to be a 6 month absorption rate favoring neither the buyer or seller.

The September 2012 numbers were: 48 active listings, 30 pending sales and 3 condos closed.    The lower number of pending sales is troubling for future sales, however this years market activity compares favorably to September of 2012.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:Jensen Beach Florida Market Report ZIP Code 34957 September August 2013

 

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Jensen Beach Florida Market Report ZIP Code 34957 Condo September 2013