Stuart FL 34996 Residential Market Report February 2016

Stuart FL 34996 Residential Market Report February 2016

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for February 2016

 

For February 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 154 active listings (Down by 6 homes from January).

Stuart FL 34996 Residential Market Report February 2016

55 Residential sales are pending and awaiting close or lender approval (Up by 13 homes from January).

Stuart FL 34996 Residential Market Report February 2016

12 Homes Sold in February (Increased by 2 homes from January).

Stuart FL 34996 Residential Market Report February 2016

The 34996 zip code area of the Stuart Florida residential real estate market remains slightly slower than many of the neighboring Stuart zip codes.  Though, the large pending numbers are a good sign for future sales.

The one month absorption rate for the 34996 zip code area of Stuart Florida for February decreased to 12.8 months as compared to January’s 16 months.  Still a strong buyers market for this section of Martin County, but this number should improve when the strong pending numbers translate into sales.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for February of 2014 were: 158 active listings, 39 pending sales and 12 closed sales.  Very similar inventory and closed sales as compared to 2015, but there’s quite a bit better pending inventory this year which should make for some excellent sales numbers for the coming months.

Stuart FL 34996 Residential Market Report February 2016

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Stuart FL 34996 Residential Market Report February 2016

Jensen Beach FL 34957 Condo Market Report January 2016

Jensen Beach FL 34957 Condo Market Report January 2016

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for January 2016

For January 2016 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 39 active listings. (Increased by 2 condos from December)

Jensen Beach FL 34957 Condo Market Report January 2016

19 Condo sales are pending and awaiting settlement. (Increased by 7 condos from December)

Jensen Beach FL 34957 Condo Market Report January 2016

6 Condos Sold (Decreased by 5 condos from December)

Jensen Beach FL 34957 Condo Market Report January 2016

 The Jensen Beach FL 34957 Condo Market Report January 2016 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  Sales were off for the first month of 2016 while both the inventory and pending sales showed improvement.

The one month absorption rate for the January 2016, Jensen Beach Florida Market Report ZIP Code 34957 increased to 6.5  months (from 5.3 months in December), bringing this segment of the Martin County condo market back into a balanced market again, after one month as a sellers market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The January 2015 numbers were: 40 active listings, 19 pending sales and 9 condos closed.  Other than fewer closed sales for this year, identical numbers from 2015.

Jensen Beach FL 34957 Condo Market Report January 2016

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Jensen Beach FL 34957 Condo Market Report January 2016

Jensen Beach FL 34957 Residential Market Report January 2016

Jensen Beach FL 34957 Residential Market Report January 2016

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for January 2016

 For January 2016 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 137 active listings. (Up by 16 homes from last month)

Jensen Beach FL 34957 Residential Market Report January 2016

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

Jensen Beach FL 34957 Residential Market Report January 2016

30 Homes Sold (Increased by 2 homes from December)

Jensen Beach FL 34957 Residential Market Report January 2016

The Jensen Beach FL 34957 Residential Market had a welcome rise in inventory to begin the new year.  Unfortunately, pending sales were off slightly while the number of closed sales was just 2 homes higher than the end of 2015.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 4.6 months (was 4.3 months in December).  Remaining in a sellers market.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The January 2015 numbers were: 153 active listings, 65 pending sales and 28 home sales closed.   When factoring in the lower inventory for this year, market activity by percentage was better for 2016.
Jensen Beach FL 34957 Residential Market Report January 2016

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Jensen Beach FL 34957 Residential Market Report January 2016

Palm City FL 34990 Condo Market Report January 2016

Palm City FL 34990 Condo Market Report January 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for January 2016

 

For January 2016 in the 34990 Zip Code area of Palm City, Florida :



There are currently 64 active condo listings. (Increased by 12 condos from December)

   Palm City FL 34990 Condo Market Report January 2016

9 Condo sales are pending and awaiting close or lender approval. (No change in pending condos from last month)

Palm City FL 34990 Condo Market Report January 2016

2 Condos Sold in January. (Down by 2 condos from December)

Palm City FL 34990 Condo Market Report January 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  To begin 2016, this segment of the market had a nice increase in inventory, unfortunately a decrease in closed sales and no increase in pending sales.

The current absorption rate for condos in the 34990 zip code area is an atrocious 34 months (was 13 months in January).   A very serious buyers market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The January 2015 numbers were: 59 active listings, 12 pending sales and 3 closed sales.   Interestingly the inventory for 2016 is now higher than it was for the first month of 2015.  One of the only segments of our market that has this.  Unfortunately, activity is weaker this year as well.
Palm City FL 34990 Condo Market Report January 2016

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Palm City FL 34990 Condo Market Report January 2016

Palm City FL 34990 Residential Market Report January 2016

Palm City FL 34990 Residential Market Report January 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for January 2016

For January 2016 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 400 active listings (Increased by 25 homes from December)

Palm City FL 34990 Residential Market Report January 2016

 156 Residential sales are pending and awaiting close or lender approval. (Increased by 42 homes from last month)

Palm City FL 34990 Residential Market Report January 2016

49 Homes Sold in December (Decreased by 11 sold homes from December)

Palm City FL 34990 Residential Market Report January 2016

The Palm City FL, zip code 34990, residential real estate market had a strong increase in inventory as well as pending sales to begin the year.  Unfortunately sales were off as compared to last month, but I expect this to be only short term as the increase in the under contract numbers should result in more closed sales for the coming months.
 The current absorption rate increased to to 8.2 months from 6.3 months in December.  Back into a buyers market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The January 2015 numbers were:  443 active listings, 158 pending sales and 55 closed sales.  Slightly higher closed sales last year but it was with less inventory.  Pending sales are just about the same even with the lower number of available Palm City homes for sale.

Palm City FL 34990 Residential Market Report January 2016

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Palm City FL 34990 Residential Market Report January 2016

February 2016 Market Update for Hunters Creek in Palm City FL

February 2016 Market Update for Hunters Creek in Palm City FL

Currently in February, there is no homes on the market in Hunters Creek in Palm City, FL.

There is one home currently under contract (pending sale).  This home was listed for $379,900 which is $147.99 per sq. ft. of living area.  It went under contract 6 days after it was listed.

There have been 6 homes sold in the past 12 months in Hunters Creek.  Sales prices were from $220,000 to $365,000 for an average sale price of $320,000 which equals $141.73 per sq. ft. of living area.  These homes sold on average of 94% of the last listed price and were under contract on an average o30 days after being listed.

Hunters Creek in Palm City FL is a gated community of 68 homes located off of Mapp Road just north of the Oak Ridge subdivision and across the road from Harbour Pointe.

Homes in Hunters Creek were first completed in 1990 and the last home was built in 2001. There are no more vacant lots left to be built as this community is fully matured and built out. All homes are custom built and range in sizes from over 3,800 sq. ft. of living area to just under 1,700. From 5 bedroom pool homes on over a ½ acre of land down to 3 bedroom homes on just over a quarter of an acre.

HOA fees are a very reasonable at under $100 per month. This covers the common areas and security gate along with basic cable TV.

Hunters Creek is very conveniently located near the Palm Cove Golf Club as well as quick access to Florida’s Turnpike and I-95. Also, just a few minutes away from the Palm City Bridge with access to downtown StuartJensen Beach and the beaches of the Atlantic Ocean on Hutchinson Island.

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February 2016 Market Update for Hunters Creek in Palm City FL

Stuart FL 34997 Residential Market Report January 2016

Stuart FL 34997 Residential Market Report January 2016

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for January 2016

There are currently 299 active listings (Decreased by 9 homes from December).

Stuart FL 34997 Residential Market Report January 2016

156 Residential sales are pending and awaiting close or lender approval (Decreased by 7 homes from December).

Stuart FL 34997 Residential Market Report January 2016

88 Homes Sold in January (Increased by 16 homes from December)

Stuart FL 34997 Residential Market Report January 2016

      The Stuart Florida Residential Market for ZIP Code 34997 continues as the largest and the strongest segment of the Martin County single family real estate market.  We have seen an unfortunate continuation of a decrease in inventory which is going to effect future sales unless this trend reverses.
     The current one month absorption rate remained almost the same at 3.4  months (was 5.0 months for December).  Even a stronger sellers market for the 34997 segment of the Stuart residential market for the beginning of 2016.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for January, were: 348 active listings, 198 pending listings and 76 closed sales.  Even with considerably less inventory, closed sale for 2016 were ahead of last years numbers.
Stuart FL 34997 Residential Market Report January 2016

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Stuart FL 34997 Residential Market Report January 2016

Stuart FL 34996 Residential Market Report January 2016

Stuart FL 34996 Residential Market Report January 2016

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for January 2016

For January 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 160 active listings (Down by 10 homes from December).

Stuart FL 34996 Residential Market Report January 2016

42 Residential sales are pending and awaiting close or lender approval (Up by 18 homes from December).

Stuart FL 34996 Residential Market Report January 2016

10 Homes Sold in January (Decreased by 2 homes from December).

Stuart FL 34996 Residential Market Report January 2016

The 34996 zip code area of the Stuart Florida residential real estate market had a drop in sales and inventory for the beginning of the year.  The good news is the big jump in pending sales which should result in better closed sale numbers in the following months.

The one month absorption rate for the 34996 zip code area of Stuart Florida for January increased to 16 months as compared to December’s 14.2 months.  Still a strong buyers market for this section of Martin County, but this number should improve when the strong pending numbers translate into sales.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for January of 2014 were: 160 active listings, 41 pending sales and 7 closed sales.  Similar activity when compared to 2015, though with a slight edge to to this year’s numbers with slightly better activity.

Stuart FL 34996 Residential Market Report January 2016

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Stuart FL 34996 Residential Market Report January 2016

Jensen Beach FL 34957 Condo Market Report December 2015

Jensen Beach FL 34957 Condo Market Report December 2015

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for December 2015

For December 2015 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 37 active listings. (Increased by 1 condos from November)

Jensen Beach FL 34957 Condo Market Report December 2015

12 Condo sales are pending and awaiting settlement. (Decreased by 5 condos from November)

Jensen Beach FL 34957 Condo Market Report December 2015

7 Condos Sold (Increased by 5 condos from November)

Jensen Beach FL 34957 Condo Market Report December 2015

 The Jensen Beach FL 34957 Condo Market Report December 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  Pending sales were down for December while there was a nice increase in closed sales.

The one month absorption rate for the December 2015, Jensen Beach Florida Market Report ZIP Code 34957 plunged to 5.3  months (from  18 months in November), bringing this segment of the Martin County condo market back into a sellers market again, after one month as a buyers market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The December 2014 numbers were: 44 active listings, 15 pending sales and 5 condos closed.  Very similar numbers when compared to last year’s activity.

Jensen Beach FL 34957 Condo Market Report December 2015

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Jensen Beach FL 34957 Condo Market Report December 2015

Jensen Beach FL 34957 Residential Market Report December 2015

Jensen Beach FL 34957 Residential Market Report December 2015

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for December 2015

 For December 2015 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 121 active listings. (Down by 1 homes from last month)

Jensen Beach FL 34957 Residential Market Report December 2015

68 Residential sales are pending and awaiting close or lender approval. (Down by 2 homes from November)

Jensen Beach FL 34957 Residential Market Report December 2015

28 Homes Sold (Increased by 10 homes from November)

Jensen Beach FL 34957 Residential Market Report December 2015

The Jensen Beach FL 34957 Residential Market had a very nice jump in closed sales for December while both pending sales and invenotry were basically unchanged.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 4.3 months (was 6.8 months in November).  Slid right back into a sellers market after a one month stint in a balanced market.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The December 2014 numbers were: 140 active listings, 56 pending sales and 33 home sales closed.   A little greater closed activity last year, but better pending sales this year and all with a reduced inventory from last year.
Jensen Beach FL 34957 Residential Market Report December 2015

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Jensen Beach FL 34957 Residential Market Report December 2015

Palm City FL 34990 Condo Market Report December 2015

Palm City FL 34990 Condo Market Report December 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2015

For December 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 52 active condo listings. (Decreased by 1 condos from November)

Palm City FL 34990 Condo Market Report December 2015

9 Condo sales are pending and awaiting close or lender approval. (Up by 1 pending condos from last month)

Palm City FL 34990 Condo Market Report December 2015

4 Condos Sold in December. (Down by 4 condos from November)

Palm City FL 34990 Condo Market Report December 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For December sales were off while the inventory and pending sales were just about unchanged.

The current absorption rate for condos in the 34990 zip code area plunged to 13 months (was 6.6 months in December).   Back into a buyers market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The December 2014 numbers were: 61 active listings, 6 pending sales and 6 closed sales.   Somewhat better activity last year, but only marginal.  If the lower inventory is considered there’s a better percentage of activity this year.
Palm City FL 34990 Condo Market Report December 2015

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Palm City FL 34990 Condo Market Report December 2015

Palm City FL 34990 Residential Market Report December 2015

Palm City FL 34990 Residential Market Report December 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2015

For December 2015 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 375 active listings (Decreased by 14 homes from November)

Palm City FL 34990 Residential Market Report December 2015

 114 Residential sales are pending and awaiting close or lender approval. (Decreased by 8 homes from last month)

Palm City FL 34990 Residential Market Report December 2015

60 Homes Sold in November (Increased by 13 sold homes from November)

Palm City FL 34990 Residential Market Report December 2015

After a fairly weak November, the Palm City FL 34990 came back strong for December.  Unfortunately the inventory decreased this month after some much needed increases in the past few months. Pending sales were off a little while we had a nice jump in closed sales.
 The current absorption rate increased to to 6.3 months from 8.3 months in November.  Back into a balanced market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The December 2014 numbers were:  431 active listings, 116 pending sales and 76 closed sales.  Better closed activity last year, though pending sales are just as strong this year even with the reduced inventory.

Palm City FL 34990 Residential Market Report December 2015

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Palm City FL 34990 Residential Market Report December 2015

Stuart FL 34997 Residential Market Report December 2015

Stuart FL 34997 Residential Market Report December 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2015

There are currently 308 active listings (Decreased by 3 homes from November).

Stuart FL 34997 Residential Market Report December 2015

163 Residential sales are pending and awaiting close or lender approval (Decreased by 1 homes from November).

Stuart FL 34997 Residential Market Report December 2015

62 Homes Sold in December (Decreased by 3 homes from November)

Stuart FL 34997 Residential Market Report December 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues as the largest and the strongest segment of the Martin County single family real estate market.  For December, there has been very little changes from the previous month.
     The current one month absorption rate remained almost the same at 5.0  months (was 4.8 months for November).  Continuing as a sellers market for the 34997 segment of the Stuart residential market for all of the year.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for December, were: 337 active listings, 177 pending listings and 79 closed sales.  Better activity across the board from 2014, though the percentages are similar when the reduced inventory is factored into the equation.
Stuart FL 34997 Residential Market Report December 2015

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Stuart FL 34997 Residential Market Report December 2015

Stuart FL 34996 Residential Market Report December 2015

Stuart FL 34996 Residential Market Report December 2015

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2015

For December 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 170 active listings (Up by 23 homes from November).

Stuart FL 34996 Residential Market Report December 2015

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

Stuart FL 34996 Residential Market Report December 2015

12 Homes Sold in December (Increased by 6 homes from November).

Stuart FL 34996 Residential Market Report December 2015

The 34996 zip code area of the Stuart Florida residential real estate market is on a bit of a roller coaster as we regained all of the lost inventory from last month.  Sales also doubled from November, though there’s still plenty of room for improvement.

The one month absorption rate for the 34996 zip code area of Stuart Florida for December improved dramatically to 14.2 months as compared to November’s 23.8 months.  Still a buyers market for this section of Martin County, but much improved from last month.  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 2014 were: 176 active listings, 11 pending sales and 24 closed sales.  Considerably better sales activity last year, while future sales look better for next year with the better pending numbers.

Stuart FL 34996 Residential Market Report December 2015

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Stuart FL 34996 Residential Market Report December 2015

Jensen Beach FL 34957 Condo Market Report November 2015

Jensen Beach FL 34957 Condo Market Report November 2015

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for November 2015

For November 2015 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 36 active listings. (Increased by 12 condos from October)

Jensen Beach FL 34957 Condo Market Report November 2015

17 Condo sales are pending and awaiting settlement. (Unchanged from October)

Jensen Beach FL 34957 Condo Market Report November 2015

2 Condos Sold (Decreased by 2 condos from October)

Jensen Beach FL 34957 Condo Market Report November 2015

 The Jensen Beach FL 34957 Condo Market Report November 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  Nice big jump in inventory for the month, bringing us closer to what we had last year.  Though, activity this month was pretty weak.

The one month absorption rate for the November 2015, Jensen Beach Florida Market Report ZIP Code 34957 rose to 18  months (from 6 months in October), bringing this segment of the Martin County condo market back into a strong buyers market for the first time in quite a while.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The November 2014 numbers were: 38 active listings, 15 pending sales and 4 condos closed.  Slightly weaker activity for Jensen Beach condos this year as compared to last.

Jensen Beach FL 34957 Condo Market Report November 2015

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Jensen Beach FL 34957 Condo Market Report November 2015

Jensen Beach FL 34957 Residential Market Report November 2015

Jensen Beach FL 34957 Residential Market Report November 2015

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for November 2015

 For November 2015 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 122 active listings. (Up by 3 homes from last month)

Jensen Beach FL 34957 Residential Market Report November 2015

70 Residential sales are pending and awaiting close or lender approval. (Up by 22 homes from October)

Jensen Beach FL 34957 Residential Market Report November 2015

18 Homes Sold (Decreased by 9 homes from October)

Jensen Beach FL 34957 Residential Market Report November 2015

The Jensen Beach FL 34957 Residential Market continues to be a strong market.  Closed sales were off some for November, though with the large increase in pending sales, this should indicate strong sales continuing through the holiday season.  Also, nice to see some increase in inventory, even if it was just a small bump.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 6.8 months (was 4.9 months in October).  Back into a balanced 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 November 2014 numbers were: 134 active listings, 55 pending sales and 24 home sales closed.   Better closed activity last year, though with the greater pending activity for this year, this may soon change.
Jensen Beach FL 34957 Residential Market Report November 2015

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Jensen Beach FL 34957 Residential Market Report November 2015

Palm City FL 34990 Condo Market Report November 2015

Palm City FL 34990 Condo Market Report November 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2015

 

For November 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 53 active condo listings. (Decreased by 1 condos from October)

Palm City FL 34990 Condo Market Report November 2015

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

Palm City FL 34990 Condo Market Report November 2015

8 Condos Sold in November. (Up by 5 condos from October)

Palm City FL 34990 Condo Market Report November 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For November this segment of our market had a nice jump in closed sales sending us into a balanced market.  It would be nice to see this trend continue.

The current absorption rate for condos in the 34990 zip code area plunged to 6.6 months (was 18 months in November).   Back into a balanced market for Palm City condos.  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 November 2014 numbers were: 61 active listings, 11 pending sales and 2 closed sales.   Better closed activity this year, with a slightly reduced inventory.  Though, pending sales were better last year.
Palm City FL 34990 Condo Market Report November 2015

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Palm City FL 34990 Condo Market Report November 2015

Palm City FL 34990 Residential Market Report November 2015

Palm City FL 34990 Residential Market Report November 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for November 2015

 

For November 2015 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 389 active listings (Increased by 12 homes from October)

Palm City FL 34990 Residential Market Report November 2015

 122 Residential sales are pending and awaiting close or lender approval. (Decreased by 15 homes from last month)

Palm City FL 34990 Residential Market Report November 2015

47 Homes Sold in October (Decreased by 11 sold homes from October)

Palm City FL 34990 Residential Market Report November 2015

After a very strong October, the Palm City FL 34990 had a moderating month for November.  The inventory continues to see some increases, while both pending and closed sales were off.  Whether this is a result of the holiday season or possibly prices having risen to fast, I just can’t tell at this point, but this development bears watching.
 The current absorption rate increased to to 8.3 months from 6.5 months in October.  Into a buyers market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The November 2014 numbers were:  433 active listings, 124 pending sales and 56 closed sales.  A little less volume of closed sales as compared to last year.  Though, still with less inventory also.

Palm City FL 34990 Residential Market Report November 2015

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Palm City FL 34990 Residential Market Report November 2015

Stuart FL 34997 Residential Market Report November 2015

Stuart FL 34997 Residential Market Report November 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2015

 

There are currently 311 active listings (Increased by 3 homes from October).

Stuart FL 34997 Residential Market Report November 2015

164 Residential sales are pending and awaiting close or lender approval (Increased by 1 homes from October).

Stuart FL 34997 Residential Market Report November 2015

65 Homes Sold in November (Decreased by 1 homes from October)

Stuart FL 34997 Residential Market Report November 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues as the largest and the strongest segment of the Martin County single family real estate market.  We’ve had three months of increased inventory, and the sales activity seems to be absorbing all this product very strongly as we remain in a sellers market.
     The current one month absorption rate remained almost the same at 4.8  months (was 4.7 months for October).  Continuing as a sellers market for the 34997 segment of the Stuart residential market for all of the year.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for November, were: 346 active listings, 174 pending listings and 56 closed sales.  Better closed activity this year, though still not as much inventory as we had last year.
Stuart FL 34997 Residential Market Report November 2015

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Stuart FL 34997 Residential Market Report November 2015

 

Stuart FL 34996 Residential Market Report November 2015

Stuart FL 34996 Residential Market Report November 2015

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for November 2015

 

For November 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 143 active listings (Down by 18 homes from October).

Stuart FL 34996 Residential Market Report November 2015

34 Residential sales are pending and awaiting close or lender approval (Up by 17 homes from October).

Stuart FL 34996 Residential Market Report November 2015

6 Homes Sold in November (Decreased by 6 homes from October).

Stuart FL 34996 Residential Market Report November 2015

The 34996 zip code area of the Stuart Florida residential real estate market lost most of the increased inventory from last month.  Much of it appears to have gone under contract with the increase in the number of pending sales.  Unfortunately, closed sales were a bit disappointing.

The one month absorption rate for the 34996 zip code area of Stuart Florida for November continued to slide up to an atrocious 23.8 months as compared to October’s 13.4 months.  A very strong buyers market for this section of Martin County.  Though, with the big increase in pending sales, this may not be a very long lived phenomenon. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for November of 2014 were: 163 active listings, 31 pending sales and 16 closed sales.  Fewer closed sales this year, while having a grater number of pending sales with less inventory.

Stuart FL 34996 Residential Market Report November 2015

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Stuart FL 34996 Residential Market Report November 2015