June 2016 Monthly Market Detail St Lucie County Townhouses and Condos

08.01.16 by

June 2016 Monthly Market Detail St Lucie County Townhouses and Condos

The June 2016 Monthly Market Detail St Lucie County Townhouses and Condos showed continued strong closed sales activity.  Closed sales were up 5.7% from last year (was up 19.0% in May) while new pending sales unfortunately decreased  by 14.8% (was up by 13.6% in May).

Prices continued to rise with the median sales price increasing by 23.6% (was up by 3.6% in May) while the average sales price increased by 1.4% (decreased 2.9% in May).  St Lucie County townhouses and condos are showing a very sustainable slow increase in prices for the past few months.

The inventory of available townhouses and condos decreased by 39 units from last month to 566 units, which is only 0.2% greater than June 2015. The current supply of inventory dropped to 5.6 months, which is equal to last year.  The St Lucie County townhouses and condos has once again swung back into a sellers market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

June 2016 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
June 2016 Monthly Market Detail St Lucie County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

June 2016 Monthly Market Detail St Lucie County Townhouses and Condos

June 2016 Monthly Market Detail St Lucie County Single Family Homes

07.31.16 by

June 2016 Monthly Market Detail St Lucie County Single Family Homes

June 2016 Monthly Market Detail St Lucie County Single Family Homes is bucking the trend from the rest of Florida and it’s neighbor to the south with continued increased activity as compared to last year.  Closed sales were up by 8.9% (in May they were up by 11.2%) and new sales under contract (new pending sales) increased by 2.2% (they were up by 7.7% last month).

The prices for June are continuing with strong appreciation as well.  Both the median and average sales prices up by 12.8% and 19.2% respectively from last June (For May these numbers were 15.6% and 15.2%).

Active listings fell by 112 homes to 1,516 homes.  This inventory is still 1.7% greater than last year.  The current supply of homes is at 3.4 months (an 6.2% increase from last year). The St Lucie County single family home market remains in a hot sellers market.

June 2016 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
June 2016 Monthly Market Detail St Lucie County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

June 2016 Monthly Market Detail St Lucie County Single Family Homes

June 2016 Monthly Market Detail Martin County Townhouses and Condos

07.30.16 by

June 2016 Monthly Market Detail Martin County Townhouses and Condos

June 2016 Monthly Market Detail Martin County Townhouses and Condos is giving us some mixed signals with closed sales off from last year but a very strong month for new pending sales..  Closed sales were down by 5.0% (was down by 5.1% in May) and new sales under contract (new pending sales) were up by 39.1% from June 2014 (decreased by 5.4% in May).

Another month of mixed signals with prices as the median sales price increased by 5.7% (was down by 0.4% in May) while the average sales price decreased by 5.4% (was up by 6.7% in May) as compared to June of 2015.  I’ve been predicting some sort of moderation in the rate of price increases and this appears to have happened.

The inventory of available townhouses and condos decreased by 36 units to 381 properties as compared to last month.  The first monthly decline after two months of increases. This is 1.0% below the June 2015 inventory.  Currently, there’s a 3.9 month supply of inventory (an 8.3% increase from last year).  Still in a strong sellers market for townhouses and condos in Martin County.

June 2016 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
June 2016 Monthly Market Detail Martin County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

June 2016 Monthly Market Detail Martin County Townhouses and Condos

Summerfield Golf Club Market Report for July 2016

07.30.16 by

Summerfield Golf Club Market Report for January 2016 – Home of the Champions Golf Club

As of January 2016:
There are 10 homes on the market in Summerfield ranging in listing price from $321,900 to $589,900 for an average of $419,366 which equals $186.29 per square foot of living area.  As of July 24, 2016 these homes will have been on the market for an average of 75 days.

There are 4 homes under contract (pending) awaiting their closing. Listing prices are from $300,249 to $372,490 for an average of $342,910 which equates to $156.03 per square foot of living area.  These homes averaged 57 days on the market before going under contract.

In the past 12 months, 37 homes have sold.  Sales prices ranged from $215,000 to $497,000 for an average sales price of $344,923 which equals $164.60 per square foot of living area.  The average days on market for these sales was 57 days and the average list to sales price was at 96%.

Summerfield Golf Club is located on over 275 acres and hosts a little over 500 single family homes adjoining the Champions Golf Course.  Selected as one of the top 10 Golf Courses he nation by Golf Magazine in 1995, it is the first public golf course awarded the Audubon Signature Sanctuary Statuary because of its natural beauty.  This Tom Fazio designed course is open to the public with very reasonable membership fees.  Visit the Champions Course web site for more information at http://www.thechampionsgolfclub.com/

The residential section is known as Summerfield Golf Club and is a secured gated community with homes ranging in size from smaller 2 bedroom coach homes of around 1500 square feet up to 5 bedroom estate homes boasting over 3,000 square feet of living area.

Summerfield boasts an exceptionally large community pool and clubhouse with dining and entertainment facilities, fitness center and a professional 6 court Tennis club.  All of these amenities available at very reasonable HOA fees, along with the convenience of on-site manager to handle any issues that may arise.

Very conveniently located near US-1 and Cove Rd, residents can enjoy close proximity to shopping, medical facilities with downtown Stuart only minutes away and only 30 minutes to the palm Beaches.  Easy access to I-95 where travel to Orlando or Miami is only 2 hours by car.

The following homes are currently available for sale in Summerfield:

Summerfield Golf Club Homes for Sale

Stuart Florida Real Estate

Summerfield Golf Club Market Report for January 2016

Monarch Country Club July 2016 Market Report

07.29.16 by

Monarch Country Club July 2016 Market Report

There are currently 6 active listings in the Monarch Country Club.  List prices range from $219,900 up to $599,000 for an average list price of $365,983 which works out to $172.25 per sq. ft. of living area.  As of July 29 these homes have been on the market for an average of 59 days.

There are 6 homes under contract which have not yet closed in Monarch.  List prices range from $239,900 to $539,900 for an average of $391,267 or $165.48 per sq. ft. of living area.  These homes were on the market for an average of 88 days before going under contract.

In the past year (12 months back), 35 homes have sold in the Monarch Country Club.  Sales prices ranged from a low of $209,500 up to $585,000 for an average sales price of $373,083 or $155.26 per sq. ft. of living area.  These homes sold on average at 95% of the last list price and were on the market for an average of 67 days before going under contract.

About the Monarch Country Club

One of Palm City’s premier neighborhoods, Monarch Country Club is home to the ‘Monarch’ Golf Course in a wonderful gated community of approximately 500 homes.

entrance to the Monarch Country Club

Homes in the Monarch Country Club range in size from estate sized homes with over 3,800 sq. ft. of living area and up to 5 bedrooms and 4 bathrooms with 3 car garages down to smaller attached villas with a more modest 1,300 sq. ft. of living area and 2 bedrooms, 2 bathrooms and a 2 car garage.  For those living in the Monarch Country Club, membership in the golf club is not mandatory and there are a number of social memberships also available including tennis and community pool memberships.

clubhouse of the Monarch Country Club

As of July 2016, the HOA fees (not including golf or social) ranged from just under $400 up to $450 a month depending on the size and the section of Monarch the home is located in. All ages and pets are welcome in Monarch and children are currently zoned to attend the Bessey Creek Elementary School, Hidden Oaks Middle School and Martin County High School.

swimming pool of the Monarch Country Club

This community is well located in Palm City close to Florida’s Turnpike for commuters and with easy access to shopping, restaurants, medical facilities and the many boat ramps and waterways in Martin County.

tennis courts in the Monarch Country Club

The championship course at Monarch boasts 6,867 yard par 72 with a slope of 133 and a rating of 73.6.  Shorter options exist for all levels of play.  This is an Arnold Palmer designed course that opened in 1987 and is currently managed as a ClubCorp facility.

clubhouse at the Monarch Country Club

There’s a beautiful clubhouse with pro shop, fine dining room, snack bar and outside bar that is open to club members and residents of Monarch Country Club.  The two story structure offers beautiful views of the emerald green fairways of the ‘Monarch’ course at the Monarch Country Club.  This fine facility is also available for business, social conferences and weddings.  Adjacent to the clubhouse is a professional caliber tennis facility with six perfectly maintained, lighted Har-Tru courts. A full-service Pro Shop is available to suit all of your needs. Lessons, groups, tournaments are all accommodated by the friendly staff.

Homes in the Monarch Country Club

Currently there are a number of fine homes available for sale in the Monarch Country Club, ranging from smaller attached villas to larger estate homes with magnificent lake and golf course views.

Here are the currently available Monarch Country Club Homes for Sale

Monarch Country Club July 2016 Market Report

 

June 2016 Monthly Market Detail Florida Townhouses and Condos

07.28.16 by

June 2016 Monthly Market Detail Florida Townhouses and Condos

The June 2016 Monthly Market Detail Florida Townhouses and Condos showed weaker activity when compared to 1 year ago.  Prices may have climbed a bit to fast for this segment of the Florida real estate market.  Closed sales were down by 2.6% as compared to last months increase of 0.1% and new sales under contract (new pending sales) decreased by 7.6% (In May there was a 4.6% decrease).  Inventory of available condos and townhouses continues to rise as well which should put pressure on prices to either decline or at least moderate.

Though the June prices continued to rise with the median sales price up by 8.6% (was up by 4.4% in May), while the average sales price increased by 3.1% (was down 1.3% in May).  If prices continue to stay somewhat stable or even decrease slightly, I expect the volume of sales to increase.

The inventory increased by 7.9% from June of last year.  For June 2016 we have 6.0 months of inventory (was 6.1 months in May) and compared to 5.5 for June 2015.  We are currently in a balanced market for Florida townhouse and condo sales.

May 2016 Monthly Market Detail Florida Townhouses and Condos

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
June 2016 Monthly Market Detail Florida Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

June 2016 Monthly Market Detail Florida Townhouses and Condos

Canoe Creek July 2016 Market Report

07.28.16 by

Canoe Creek July 2016 Market Report

For July, 2016 there are 2 homes for sale in Canoe Creek in Palm City.  These two homes are listed for $475,000 and $469,500 for an average list price of $472,250 or $153.05 per sq. ft. of living area.  As of July 28, these homes have averaged 57 days on market.

There are no homes currently under contract in Canoe Creek in Palm City.

In the past 12 months, 9 homes have sold in Canoe Creek.  Sales prices ranged from $217,500 up to $450,000 for an average sales price of $351,579 which equals $142.44 per sq. ft. of living area.  These homes went under contract in an average of 45 days and sold for 98% of the last listed price.

About Canoe Creek Real Estate in Palm City

Search for Canoe Creek Homes for Sale

Canoe Creek in Palm City FL

Canoe Creek in Palm City is a wonderful family community filled with just a little over 100 captivating homes that have plenty of room for your family to grow. Each home has a spacious yard with beautiful manicured Florida foliage that creates a tranquil backdrop. Lot sizes in Canoe Creek begin at 1/2 acre with a few lots of up to just over an acre.  Home sizes range from over 4,000 sq. ft. of living area with 5 bedrooms, 5 bathrooms and 3 car garages down to more modest 3 bedroom, 2 bathroom homes of under 2,000 sq. ft. of living area.  Homes in Canoe Creek had numerous builders and were completed between the years of 1980 and 1995.

The neighborhood is approximately 25 minutes from gorgeous stretches of beaches in Stuart. Canoe Creek is close to great ‘A’ rated schools, recreation, and the exciting and beautiful Downtown Stuart while still close to I-95 and Florida’s Turnpike for those needing to commute or wishing to travel either north or south.

Low HOA fees of $150 per quarter make this an easily affordable community in a subdivision that offers privacy with room to spare between homes with individual mostly custom designed and built homes at an affordable price.

Search for Canoe Creek Homes for Sale

Canoe Creek July 2016 Market Report

June 2016 Monthly Market Detail Florida Single Family Homes

07.25.16 by

June 2016 Monthly Market Detail Florida Single Family Homes

The June 2016 Monthly Market Detail Florida Single Family Homes continues to be a strong market but activity is easing a bit from previous months.  Closed sales were up by 0.4% (was up by 4.5% in May) and new sales under contract (new pending sales) were down by 7.7% (was down by 2.7% in May).

Both median and average sales prices continue to rise ( June 2015 to June 2016) by 10.8% and 6.8% respectively, compared to May’s 10.5% and 4.2%.  These strong price gains will end up having an impact on future activity as many homes are now becoming much too pricey for the average buyer.

The inventory of available homes for sale fell by 2.8% from last year.  Higher demand areas of Florida have seen decreasing inventory for more than three years now.  For June there was only a 4.3 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (June of 2015 had a 4.6 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

June 2016 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

June 2016 Monthly Market Detail Florida Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

June 2016 Monthly Market Detail Florida Single Family Homes

Hobe Sound FL 33455 Condo Market Report June 2016

07.23.16 by

Hobe Sound FL 33455 Condo Market Report June 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for June 2016

For June 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 4 active condo listings. (Down by 1 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2016

6 Condos are pending and awaiting close. (Down by 1 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2016

3 Condos sold in June. (Up by 3 from last month)

Hobe Sound FL 33455 Condo Market Report June 2016

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory levels are at all time lows and it is quite remarkable that there is as much activity as there is in this small segment of the Martin County real estate market.

For June, 2016 the absorption rate is 1.3 months which is what it was back in April (with no sales reported in May, there was no absorption rate for that month).  Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that June not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The June 2015 numbers were: 9 active listings, 2 pending sales and 6 closed sales.  Better closed activity for last year, but this was with over twice as many active condos for sale.  Inventory, or lack of, is playing a major obstacle in the Hobe Sound condo market.

Hobe Sound FL 33455 Condo Market Report June 2016

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Hobe Sound FL 33455 Condo Market Report June 2016

Hobe Sound FL 33455 Residential Market Report June 2016

07.22.16 by

Hobe Sound FL 33455 Residential Market Report June 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for June 2016

  For June 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 193 active listings. (Down by 20 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2016

100 Residential sales are pending and awaiting close  (Up by 10 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2016

54 Homes Sold in June (Up by 2 homes from last month)

Hobe Sound FL 33455 Residential Market Report June 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues perform strongly even as the inventory declined for this month, though still greater than last year.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 3.6 months (4.1 months in May).  Continuing in the trend for all of Martin County as a sellers market.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for June 2015 were:  150 active listings, 119 pending sales and 61 closed sales.  Interestingly for Hobe Sound the inventory is up from last year while volume of sales and pending sales is still lower.  Though, this is still an active market, just not as super heated as last year.

Hobe Sound FL 33455 Residential Market Report June 2016

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the Gabe Sanders real estate team

Hobe Sound FL 33455 Residential Market Report June 2016

Jensen Beach FL 34957 Condo Market Report June 2016

07.21.16 by

Jensen Beach FL 34957 Condo Market Report June 2016

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

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



There are currently 22 active listings. (Decreased by 4 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2016

14 Condo sales are pending and awaiting settlement. (Up by 3 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2016

3 Condos Sold (No change in sold condos from May)

Jensen Beach FL 34957 Condo Market Report June 2016

 The Jensen Beach FL 34957 Condo Market Report June 2016 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  For June of 2015, available inventory remains quite low, while the pending sales numbers are quite good when the inventory is considered.

The one month absorption rate for the June 2016, Jensen Beach Florida Market Report ZIP Code 34957 dropped a bit to 7.3 months (from 8.7 months in May), still a buyers market for the first time in close to two years.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The June 2015 numbers were: 31 active listings, 11 pending sales and 5 condos closed.  Better sales numbers for last year, but pending sales look good for this year even with the reduced inventory of available condos.

Jensen Beach FL 34957 Condo Market Report June 2016

Jensen Beach Condominium Properties by Price

 

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Jensen Beach FL 34957 Condo Market Report June 2016

Jensen Beach FL 34957 Residential Market Report June 2016

07.20.16 by

Jensen Beach FL 34957 Residential Market Report June 2016

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

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

 There are currently 99 active listings. (Down by 17 homes from last month)

Jensen Beach FL 34957 Residential Market Report June 2016

70 Residential sales are pending and awaiting close or lender approval. (Increased by 3 homes from May)

Jensen Beach FL 34957 Residential Market Report June 2016

37 Homes Sold (No change in home sales from May)

Jensen Beach FL 34957 Residential Market Report June 2016

The Jensen Beach FL 34957 Residential Market continues to perform well.  After an increase in inventory for last month, we’re back to slim pickings again for the number of available homes for sale.  Both pending and closed activity remains very active.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 2.7 months ( was 3.1 months in March).  A very extreme sellers market for Jensen Beach.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The June 2015 numbers were: 119 active listings, 90 pending sales and 46 home sales closed.   Considerably better numbers from last year along with a greater inventory of available Jensen Beach homes for sale.
Jensen Beach FL 34957 Residential Market Report June 2016

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All Residential properties for sale in the 34957 Zip Code area of Jensen Beach FL

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Jensen Beach FL 34957 Residential Market Report June 2016

Palm City FL 34990 Condo Market Report June 2016

07.19.16 by

Palm City FL 34990 Condo Market Report June 2016

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

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



There are currently 65 active condo listings. (Increased by 3 condos from May)

   Palm City FL 34990 Condo Market Report June 2016

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

2 pending

7 Condos Sold in June. (No change in sold condos from May)

Palm City FL 34990 Condo Market Report June 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  The activity in this market has slowed considerably for June and with the weak pending numbers, this may continue for the next few months.

The current absorption rate for condos in the 34990 zip code area shot up to 16.3 months (was 8.9 months in June).   Now one of the few areas where it’s a strong  buyers market in Martin County.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The June 2015 numbers were: 51 active listings, 14 pending sales and 8 closed sales.   Better activity last year as compared to this year even with increased inventory for 2016.
Palm City FL 34990 Condo Market Report June 2016

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Palm City FL 34990 Condo Market Report June 2016

Palm City FL 34990 Residential Market Report June 2016

07.18.16 by

Palm City FL 34990 Residential Market Report June 2016

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

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

 

There are currently 362 active listings (Decreased by 15 homes from May)

Palm City FL 34990 Residential Market Report June 2016

 168 Residential sales are pending and awaiting close or lender approval. (Up by 6 homes from last month)

Palm City FL 34990 Residential Market Report June 2016

76 Homes Sold in May (Down by 8 homes from May)

Palm City FL 34990 Residential Market Report June 2016

The Palm City FL, zip code 34990 residential real estate market activity continues to be quite active.  After a slight increase in inventory for last month, it’s back down again for June and sales have slowed somewhat while still being an active market, just not as hot as in previous months.
The monthly absorption rate increased to to 4.8 months from 4.5 months in May.  Still in a strong sellers 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 June 2015 numbers were:  358 active listings, 163 pending sales and 128 closed sales.  Much better closed volume from last year with other metrics very similar.

Palm City FL 34990 Residential Market Report June 2016

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Palm City FL 34990 Residential Market Report June 2016

Stuart FL 34997 Condo Market Report June 2016

07.17.16 by

Stuart FL 34997 Condo Market Report June 2016

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2016

For June 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 74 active condo listings (Up by 1 condo from May).

Stuart FL 34997 Condo Market Report June 2016

27 Condo sales are pending and awaiting close or lender approval (Down by 13 condos from May).

Stuart FL 34997 Condo Market Report June 2016

24 Condos Sold in June (Increased by 7 condos from May).

Stuart FL 34997 Condo Market Report June 2016

     The Stuart FL condo market for zip code 34997 continues to show very strong activity as we get into what will be a typically slower summer season.
     The absorption rate dropped to 3.1 months in June from 4.3 months for May.  A strong sellers market for the 34997 zip code area of Stuart condos. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The June 2015 numbers were: 35 active listings, 19 pending sales and 17 closed sales.  Better volume this year with more than double the inventory as well.

Stuart FL 34997 Condo Market Report June 2016

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2016

Stuart FL 34997 Residential Market Report June 2016

07.16.16 by

Stuart FL 34997 Residential Market Report June 2016

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

 

There are currently 299 active listings (Decreased by 5 homes from May).

Stuart FL 34997 Residential Market Report June 2016

173 Residential sales are pending and awaiting close or lender approval (Down by 43 homes from May).

Stuart FL 34997 Residential Market Report June 2016

125 Homes Sold in June (Increased by 16 homes from May)

Stuart FL 34997 Residential Market Report June 2016

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate market. It is also currently the most active in terms of sales volume and shows little signs of easing up.  Though, I will expect some softening for the summer months.
     The absorption rate continues to drop, now down to 2.4 months (was 2.8 months for May).  A very strong sellers’ market for the 34997 zip code area of Stuart FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2015 numbers for June, were: 257 active listings, 200 pending listings and 113 closed sales.  Closed sales outpaced last years’ volume though pending sales numbers are lower.  Inventory is higher this year than last.
Stuart FL 34997 Residential Market Report June 2016

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Stuart FL 34997 Residential Market Report June 2016

 

Stuart FL 34996 Condo Market Report June 2016

07.15.16 by

Stuart FL 34996 Condo Market Report June 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for June 2016

For June 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 74 active condo listings (Down by 46 condos last month).

Stuart FL 34996 Condo Market Report June 2016

27 Condo sales are pending and awaiting close or lender approval (Decreased by 13 condos from May).

Stuart FL 34996 Condo Market Report June 2016

21 Condos Sold in June (Decreased by 11 condos from May) 

Stuart FL 34996 Condo Market Report June 2016

The Stuart FL 34996 Condo Market of Stuart had a large unexpected drop in inventory for this month.  Though the market activity remains strong.  It remains to be seen if this decline in inventory is just a short term phenomenon.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 3.5 months from May’s 3.8  months.  Still in a strong sellers’ market for June.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for June 2015 were: 102 active listings, 28 pending sales and 26 closed sales.  Slightly better volume last year but also with much more inventory.

Stuart FL 34996 Condo Market Report June 2016

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Stuart FL 34996 Condo Market Report June 2016

Stuart FL 34996 Residential Market Report June 2016

07.14.16 by

Stuart FL 34996 Residential Market Report June 2016

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

 

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

 

There are currently 158 active listings (Up by 8 homes from May).

Stuart FL 34996 Residential Market Report June 2016

43 Residential sales are pending and awaiting close or lender approval (Down by 5 homes from May).

Stuart FL 34996 Residential Market Report June 2016

26 Homes Sold in June (Increased by 4 homes from May).

Stuart FL 34996 Residential Market Report June 2016

The 34996 zip code area of the Stuart Florida residential real estate market showed solid activity for June 2016.  We also have a welcome increase in inventory that will hopefully continue through the end of this year.

The one month absorption rate for the 34996 zip code area of Stuart Florida for June decreased to 6.1 months as compared to May’s 6.8 months.  A balanced market for the 34996 zip code area of Stuart FL.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for June of 2015 were: 136 active listings, 44 pending sales and 8 closed sales.  Much better sales activity for this year as compared to last year.

Stuart FL 34996 Residential Market Report June 2016

 Search here for real estate in the 34996 Zip Code of Stuart FL

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Stuart FL 34996 Residential Market Report June 2016

Stuart FL 34994 Condo Market Report June 2016

07.13.16 by

Stuart FL 34994 Condo Market Report June 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for June 2016

For June 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 76 active condo listings (Down by 7 condos from May).

Stuart FL 34994 Condo Market Report June 2016

30 Condo sales are pending and awaiting close or lender approval. (Decreased by 13 condos from last month) 

Stuart FL 34994 Condo Market Report June 2016

27 Condos Sold in June (Up by 9 condos from May).

Stuart FL 34994 Condo Market Report June 2016

The Stuart FL 34994 Condo market had a very strong sales month for June of 2016.  Pending sales are off slightly, but this is still an active market.

The absorption rate for June dropped to 2.8 months compared to last month’s 4.6.   An extreme sellers’ market for the condo segment of Stuart’s 34994 zip code area.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last June the numbers were 83 active listings, 34 pending sales, and 23 closed sales.   Slightly better closed volume for 2016 with a lower amount of inventory

Stuart FL 34994 Condo Market Report June 2016

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Stuart Florida Market Report ZIP Code 34994 – Condo, June 2016

Stuart Florida Market Report ZIP Code 34994 Residential June 2016

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Stuart Florida Market Report ZIP Code 34994 Residential June 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for June 2016

For June, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 70 active listings (Up by 8 homes from May)

Stuart Florida Market Report ZIP Code 34994 Residential June 2016

33 Residential sales are pending and awaiting close or lender approval (Decreased by 10 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential June 2016

17 Homes Sold in May (Down by 1 homes from May)

Stuart Florida Market Report ZIP Code 34994 Residential June 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had excellent activity for June with very strong future activity (pending sales) and also a nice increase in closed sales.  Though, the reduced inventory is a potential problem.

The one month absorption rate for the 34994 zip code for June increased to 4.1 months from 3.4 months for May.  Still in a sellers’ market for the 34994 zip code area of Stuart, FL.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The June 2014 numbers were 64 Active Listings, 38 pending sales and 14 closed sales.   Slightly better volume of activity for this year when compared to June of 2015.

Stuart Florida Market Report ZIP Code 34994 Residential June 2016

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Stuart Florida Market Report ZIP Code 34994 Residential June 2016