Palm City Florida Market Report ZIP Code 34990 Residential June 2013

07.20.13 by

Palm City Florida Market Report ZIP Code 34990 Residential June 2013

 

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

 

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


There are currently 382 active listings (A decrease of 9 homes from May)

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162 Residential sales are pending and awaiting close or lender approval. (A decrease of 5 homes from last month)

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69 Homes Sold in June (Decreased by 8 home from May)

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For the second month in a row, pending and sold homes have eased in the Palm City, zip code 34990, area of Martin County Florida.  Inventory decreased by 9 homes, basically negating the 9 home increase from last month. 
 
The current absorption rate rose slightly to 5.5 months, which still indicates a slight sellers market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The June 2012 numbers were:  441 active listings, 189 pending sales and 70 closed sales.  Even with a significantly reduced inventory, closed sales remain comparable to last year.  Pending sales, as a percentage are close as well.

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

[singlepic id=3743 w=700 h=700 float=center]

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Palm City Florida Market Report ZIP Code 34990 Residential June 2013

Stuart Florida Market Report ZIP Code 34997 Residential June 2013

07.16.13 by

Stuart Florida Market Report ZIP Code 34997 Residential June 2013

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

 

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

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

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

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

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Stuart Florida Market Report ZIP Code 34997 Residential June 2013

Stuart Florida Market Report ZIP Code 34996 Residential June 2013

07.14.13 by

Stuart Florida Market Report ZIP Code 34996 Residential June 2013

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

 

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

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

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

 

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

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

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

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

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

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

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

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Stuart Florida Market Report ZIP Code 34996 Residential June 2013

Jensen Beach Florida Market Report ZIP Code 34957 Condo May 2013

06.22.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Condo May 2013

 

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

 

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

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

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

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7 Condos Sold (Decreased by 8 condos from April)

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

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

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


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Jensen Beach Florida Market Report ZIP Code 34957 Condo May 2013

Jensen Beach Florida Market Report ZIP Code 34957 Residential May 2013

06.21.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Residential May 2013

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

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

 

 There are currently 103 active listings. (A decrease of 13 homes from last month)

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

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27 Homes Sold (Down by 5 homes from April)

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The Jensen Beach residential real estate market, zip code 34957 for May eased a bit from the strong April with 5 fewer closed sales as well as less pending inventory as well.   The available inventory is also down.  Pressure is on for higher prices but the market is resisting it with fewer sales.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 is currently 3.8 months, now a strong seller’s market.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The May 2012 numbers were: 139 active listings, 82 pending sales and 18 home sales closed. Still a strong market compared to last year when the available inventory is factored in.

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Jensen Beach Florida Market Report ZIP Code 34957 Residential May 2013

Palm City Florida Market Report ZIP Code 34990 Condo May 2013

06.19.13 by

Palm City Florida Market Report ZIP Code 34990 Condo May 2013

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

 

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



There are currently 52 active condo listings. (Down 6 condos from April)

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

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

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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.   Sales were only 3 units for May, yet the pending numbers were up, indicating some good closed activity for the next few months (if they all close).  Inventory is now down to only 52 condos for Palm City.
 
The current absorption rate for condos in the 34990 zip code area jumped to 17.3 months.  An extreme buyers market for this month, as a balanced market is considered to be an absorption rate of around 6 months.
 
The May 2012 numbers were: 66 active listings, 8 pending sales and 2 closed sales.   Considerably better activity for 2013 than last year.

 

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Palm City Florida Market Report ZIP Code 34990 Condo May 2013

Palm City Florida Market Report ZIP Code 34990 Residential May 2013

06.18.13 by

Palm City Florida Market Report ZIP Code 34990 Residential May 2013

 

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

 

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


There are currently 391 active listings (An increase of 9 homes from April)

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167 Residential sales are pending and awaiting close or lender approval. (A decrease of 19 homes from last month)

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77 Homes Sold in May (Increased by 1 home from April)

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For the Palm City, zip code 34990, area of Martin County Florida the residential market activity showed some signs of easing the torrid pace of this spring.  Closed sales increased by 1 home while the number of pending sales were off by 19.  On a positive note, the available inventory rose, making more homes available for those looking to buy.
 
The current absorption rate remains at 5 months.   The Palm City residential real estate market is a sellers market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The May 2012 numbers were:  462 active listings, 203 pending sales and 70 closed sales.  Closed sales remain strong as compared to last year.  Pending sales were weaker, but there is a significantly lower inventory as a cause.

 

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Palm City Florida Market Report ZIP Code 34990 Residential May 2013

Stuart Florida Market Report ZIP Code 34997 Residential May 2013

06.16.13 by

Stuart Florida Market Report ZIP Code 34997 Residential May 2013

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

 

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

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

 

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

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

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

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Stuart Florida Market Report ZIP Code 34997 Residential May 2013

Stuart Florida Market Report ZIP Code 34996 Residential May 2013

06.14.13 by

Stuart Florida Market Report ZIP Code 34996 Residential May 2013

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

 

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

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

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

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

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

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

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

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Stuart Florida Market Report ZIP Code 34996 Residential May 2013

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

05.24.13 by

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

 

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

 

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

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

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

 

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

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

 

15 Condos Sold (Increased by 2 condos from March)

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

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

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

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


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

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

05.23.13 by

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

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

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

 

 There are currently 116 active listings. (A decrease of 3 homes from last month)

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[singlepic id=3544 w=600 h=600 float=center]

 

84 Residential sales are pending and awaiting close or lender approval. (Down 2 homes from March)

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32 Homes Sold (Up by 7 homes from March)

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The Jensen Beach residential real estate market, zip code 34957 for April had another strong month for closed sales.   Pending sales took a slight drop and the inventory also declined by only 3 homes.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 3.6 months, now a strong seller’s market.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The April 2012 numbers were: 135 active listings, 78 pending sales and 33 home sales closed.  With inventory levels almost 50% lower, the Jensen beach market activity as a percentage of available properties is much higher, while absolute numbers are similar.

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

Palm City Florida Market Report ZIP Code 34990 – Condo, April 2013

05.22.13 by

Palm City Florida Market Report ZIP Code 34990 – Condo, April 2013

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

 

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



There are currently 58 active condo listings. (Down 5 condos from March)

[singlepic id=3585 w=600 h=600 float=center]

[singlepic id=3586 w=600 h=600 float=center]

 

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

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7 Condos Sold in April. (Up 2 condos from March)

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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.   Considering that we are now down to only 58 active cndo listings, activity has been excellent for this market.  Both closed and pending sales were up for April.
 
The current absorption rate for condos in the 34990 zip code area is 8.2 months.  Now down to a slight buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.
 
The April 2012 numbers were: 66 active listings, 3 pending sales and 1 closed sales.   Considerably better activity for 2013 than last year.

 

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Palm City Florida Market Report ZIP Code 34990 – Condo, April 2013

Palm City Florida Market Report ZIP Code 34990 – Residential, April 2013

05.21.13 by

Palm City Florida Market Report ZIP Code 34990 – Residential, April 2013

 

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

 

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


There are currently 382 active listings (A decrease of 16 homes from March)

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186 Residential sales are pending and awaiting close or lender approval. (An increase of 6 homes from last month)

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76 Homes Sold in April (Increased by 8 homes from March)

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For the Palm City, zip code 34990, area of Martin County Florida the residential market activity showed strong results for April.  Closed sales increased again and remained quite strong.  Pending sales also increased and show good potential for future closed sales.  The inventory continues to decline and this may be a troubling statistic in the future as fewer homes are available for sale.
 

The current absorption rate stands at 5 months.   The Palm City residential real estate market has slipped into a sellers market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The April 2012 numbers were:  462 active listings, 228 pending sales and 49 closed sales.  Our closed sales for this year remain considerably better than last year.  This is especially noteworthy with the reduced amount of available homes for sale.  Pending sales are lower this year and the inventory may very well be one of the factors for this lower number.

 

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Palm City Florida Market Report ZIP Code 34990 – Residential, April 2013

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

05.19.13 by

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

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

 

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

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

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82 Homes Sold in April (Unchanged from March)

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

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

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

05.17.13 by

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

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

 

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

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

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

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

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

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

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

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

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

04.25.13 by

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

 

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

 

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

There are currently 54 active listings. ( A decrease of 6 condos from February)

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28 Condo sales are pending and awaiting close or lender approval. (Down by 3 condos from February)

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13 Condos Sold (Increased by 4 condos from February)

[singlepic id=3496 w=600 h=600 float=center]

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The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  Current inventory is at an almost all time low.   Closed sales showed a good improvement for March.   Pending sales were off slightly.

The one month absorption rate for the March 2013, Jensen Beach Florida Market Report ZIP Code 34957 is 4.2 months.   This is now a seller’s market in Jensen Beach for condos.  Typically, a 6 month absorption rate is considered balanced, favoring neither the buyer or seller.

The March 2012 numbers were: 68 active listings, 26 pending sales and 8 condos closed.  Still a good showing for March 2013 when the lower inventory levels are considered.


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

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, March 2013

04.23.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, March 2013

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

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

 

 There are currently 119 active listings. (Up by 16 homes from last month)

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86 Residential sales are pending and awaiting close or lender approval. (Down 1 home from February)

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25 Homes Sold (Up by 8 homes from February)

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The Jensen Beach residential real estate market, zip code 34957 for March had very positive activity.   Inventory increased by a fair amount for march.  Sales were up and pending sales while off by one unit remain strong.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 4.8 months, a seller’smarket.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The March 2012 numbers were: 124 active listings, 102 pending sales and 36 home sales closed.  With inventory levels lower, our real estate activity is starting to suffer in Jensen beach as compared to last year.

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, March 2013

Palm City Florida Market Report ZIP Code 34990 – Condo, March 2013

04.22.13 by

Palm City Florida Market Report ZIP Code 34990 – Condo, March 2013

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

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



There are currently 63 active condo listings. (Down by 6 condos from February)

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

5 Condos Sold in March. (Up by 1 condo from February)

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.  For March, the Palm City condo market activity had a small decrease in an already small inventory.  Sales were up and pending sales were also up.
The current absorption rate for condos in the 34990 zip code area is 13.8 months.  A very strong buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.
The March 2012 numbers were: 66 active listings, 2 pending sales and 3 closed sales.   Even with such small numbers, a considerably better performance in 2013 as opposed to last year.

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Palm City Florida Market Report ZIP Code 34990 – Condo, March 2013

Palm City Florida Market Report ZIP Code 34990 – Residential, March 2013

04.18.13 by

Palm City Florida Market Report ZIP Code 34990 – Residential, March 2013

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

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

 

There are currently 398 active listings (A decrease of 10 homes from February)

180 Residential sales are pending and awaiting close or lender approval. (A decrease of 21 homes from last month)

68 Homes Sold in March (Decreased by 5 homes from February)

For the Palm City, zip code 34990, area of Martin County Florida the residential market activity showed some mixed results for spring.  Sales doubled for the month (after two months of decreased sales activity).  Pending sales were off after a strong month in February.  The inventory decreased again and is now significantly lower than in the past few years.

The current absorption rate stands at 6.375 months.   A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The March 2012 numbers were:  476 active listings, 202 pending sales and 47 closed sales.  Even with the lower inventory this tear, our current market activity compares favorably to last year.

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Palm City Florida Market Report ZIP Code 34990 – Residential, March 2013

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

04.15.13 by

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

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

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

There are currently 175 active listings (Decreased by 4 homes from February).

55 Residential sales are pending and awaiting close or lender approval (Increased by 8 from February).

14 Homes Sold in March (Increased by 9 homes from February).

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

The one month absorption rate for the 34996 zip code area of Stuart Florida for March dipped to 12.5 months, which is still a strong buyer’s market.  This figure should be dropping as the pending sales close in the coming months. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for March of 2012 were: 165 active listings, 36 pending sales and 22 closed sales.  The 34996 zip code area of Stuart is one of the few sections that actually had better activity last year.

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