May 2016 Monthly Market Detail St Lucie County Single Family Homes

May 2016 Monthly Market Detail St Lucie County Single Family Homes

May 2016 Monthly Market Detail St Lucie County Single Family Homes is bucking the trend from the rest of Florida amd it’s neighbor to the south with strong increases in activity as compared to last year.  Closed sales were up by 11.2% (in April they were down by 3.0%) and new sales under contract (new pending sales) increased by 7.7% (they were up by 7.6% last month).

And along with increased sales prices are also continuing to go higher for May.  Both the median and average sales prices up by 15.6% and 15.2% respectively from last May (For April these numbers were 12.9% and 15.5%).

Active listings fell by 91 homes to 1,628 homes.  This inventory is 6.3% greater than last year.  The current supply of homes is at 3.6 months (an 9.1% increase from last year). The St Lucie County single family home market remains in a hot sellers market.

May 2016 Monthly Market Detail St Lucie County Single Family Homes

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May 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.

May 2016 Monthly Market Detail St Lucie County Single Family Homes

May 2016 Monthly Market Detail Martin County Townhouses and Condos

May 2016 Monthly Market Detail Martin County Townhouses and Condos

May 2016 Monthly Market Detail Martin County Townhouses and Condos had less volume of closed and pending sales from last year, but is still a very active market.  Closed sales were down by 5.1% (was up by 3.9% in April) and new sales under contract (new pending sales) were down by 5.4% from May 2014 (decreased by 8.4% in April).

Slightly mixed signals with prices as the median sales price dropped by .0.4% (was up by 19.1% in April) while the average sales price increased by 6.7% (was up by 28.9% in April) as compared to May of 2015.  After many months of double digit price gains, this moderation will be welcome news to buyers.

The inventory of available townhouses and condos increased by 7 units to 417 properties as compared to last month.  The second month of increases. This is 1.7% above the May 2015 inventory.  Currently, there’s a 4.2 month supply of inventory (a 7.7% increase from last year).  Still in a sellers market for townhouses and condos for Martin County.

May 2016 Monthly Market Detail Martin County Townhouses and Condos

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May 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.

May 2016 Monthly Market Detail Martin County Townhouses and Condos

May 2016 Monthly Market Detail Florida Townhouses and Condos

May 2016 Monthly Market Detail Florida Townhouses and Condos

The May 2016 Monthly Market Detail Florida Townhouses and Condos continues to slow it’s pace from the very strong activity of the past three years.  Closed sales were up by 0.1% as compared to last months decrease of 5.3% and new sales under contract (new pending sales) decreased by 4.6% (In April there was a 5.7% decrease).  Even though the inventory has begun to rise from the all time lows of the previous few months, the tremendous rise in prices have made this segment of Florida’s real estate market a bit too pricey for many.

Prices were mixed for may with the median sales price up by 4.4% (was also up by 4.4% in April), while the average sales price decreased by 1.3% (was up 2.9% in April).  If prices continue to stay somewhat stable or even decrease slightly, I expect the volume of sales to increase.

The inventory increased by 7.4% from May of last year.  For May 2016 we have 6.1 months of inventory (was 6.3 months in April) and compared to 5.8 for May 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:
May 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.

May 2016 Monthly Market Detail Florida Townhouses and Condos

May 2016 Monthly Market Detail Florida Single Family Homes

May 2016 Monthly Market Detail Florida Single Family Homes

The May 2016 Monthly Market Detail Florida Single Family Homes remains quite active, but showing some signs of stress as the inventory remains low and the values continue to rise.  Closed sales were up by 4.5% (was down by 0.6% in April) and new sales under contract (new pending sales) were down by 2.7% (was down by 4.2% in April).

Both median and average sales prices continue to rise ( May 2015 to May 2016) by 10.5% and 4.2% respectively, compared to April’s 9.2% and 3.8%.  Sooner or later these strong price gains will have a negative effect on sales and I expect this rise to slowdown in the near future.

The inventory of available homes for sale fell by 2.5% from last year.  Higher demand areas of Florida have seen decreasing inventory for more than three years now.  For May there was only a 4.4 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (May of 2015 had a 4.7 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

May 2016 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

May 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.

May 2016 Monthly Market Detail Florida Single Family Homes

Hobe Sound FL 33455 Condo Market Report May 2016

Hobe Sound FL 33455 Condo Market Report May 2016

 

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

 

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

 

There are currently 5 active condo listings. (No change in active condos from April)

Hobe Sound FL 33455 Condo Market Report May 2016

7 Condos are pending and awaiting close. (Up by 1 condos from April)

Hobe Sound FL 33455 Condo Market Report May 2016

No Condos sold in May. (Down by 4 from last month)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  We are down to only 5 available condos for sale in all of Hobe Sound which is not much for buyers to choose from.  Pending sales are strong, but there were no closed sales in May.

There were no sales in Hobe Sound condos for May, but for April the absorption rate was 1.3 months.  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 may 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 May 2015 numbers were: 8 active listings, 4 pending sales and 1 closed sales.  Pending sales are the only statistic that is doing better this year than last.

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Hobe Sound FL 33455 Condo Market Report May 2016

 

Hobe Sound FL 33455 Residential Market Report May 2016

Hobe Sound FL 33455 Residential Market Report May 2016

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

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

There are currently 213 active listings. (Down by 4 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2016

90 Residential sales are pending and awaiting close  (Down by 9 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2016

52 Homes Sold in May (Down by 2 homes from last month)

Hobe Sound FL 33455 Residential Market Report May 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to be a strong market even as sales and pending sales were slightly down from the previous month.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 4.1 months (4.0 months in April).  The third month in a row of being in a sellers market after two months of a balanced one.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for May 2015 were:  180 active listings, 113 pending sales and 65 closed sales.  Market activity was better last year even with a reduce inventory, though this is still an active market.

Hobe Sound FL 33455 Residential Market Report May 2016

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Hobe Sound FL 33455 Residential Market Report May 2016

Jensen Beach FL 34957 Condo Market Report May 2016

Jensen Beach FL 34957 Condo Market Report May 2016

 

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

 

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



There are currently 26 active listings. (Decreased by 6 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2016

11 Condo sales are pending and awaiting settlement. (Up by 3 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2016

3 Condos Sold (Decreased by 9 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2016

 The Jensen Beach FL 34957 Condo Market Report May 2016 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  The Jensen Beach condo inventory continues to be problematic with very low numbers of available condos for sale.  And, for may sales dropped off sharply, while pending sales improved.

The one month absorption rate for the May 2016, Jensen Beach Florida Market Report ZIP Code 34957 jumped up to 8.7 months (from 2.7 months in April), into 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 May 2015 numbers were: 30 active listings, 12 pending sales and 8 condos closed.  Considerably better activity last year for Jensen Beach condos.

Jensen Beach FL 34957 Condo Market Report May 2016

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Jensen Beach FL 34957 Condo Market Report May 2016

Jensen Beach FL 34957 Residential Market Report May 2016

Jensen Beach FL 34957 Residential Market Report May 2016

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

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

 There are currently 116 active listings. (Up by 3 homes from last month)

Jensen Beach FL 34957 Residential Market Report May 2016

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

Jensen Beach FL 34957 Residential Market Report May 2016

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

Jensen Beach FL 34957 Residential Market Report May 2016

The Jensen Beach FL 34957 Residential Market continues to perform well.  It’s good to see an increase in inventory for this month, even if it’s only three homes.  Closed sales volume was unchanged from last month while there was a small decrease in pending sales.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 remained unchanged at 3.1 months (also was 3.1 months in March).  Still an 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 May 2015 numbers were: 135 active listings, 92 pending sales and 31 home sales closed.   Higher closed sales volume this year with lower inventory, though pending sales were much better last year.
Jensen Beach FL 34957 Residential Market Report May 2016

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Jensen Beach FL 34957 Residential Market Report May 2016

Palm City FL 34990 Condo Market Report May 2016

Palm City FL 34990 Condo Market Report May 2016

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

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



There are currently 62 active condo listings. (Decreased by 3 condos from April)

   Palm City FL 34990 Condo Market Report May 2016

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

Palm City FL 34990 Condo Market Report May 2016

7 Condos Sold in May. (Decreased by 1 condos from April)

Palm City FL 34990 Condo Market Report May 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For May of 2016 sales were off by 1 condo and pending sales were up by 1 while the inventory decreased, but still better than last year.

The current absorption rate for condos in the 34990 zip code area inched up to 8.9 months (was 8.1 months in May).   Still a buyers market for Palm City condos, though these numbers should be taken with a grain of salt because of the low number of available properties.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The May 2015 numbers were: 55 active listings, 11 pending sales and 4 closed sales.   Somewhat better volume of sales and pending sales for 2016 when compared to last year.
Palm City FL 34990 Condo Market Report May 2016

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 Palm City FL 34990 Condo Market Report May 2016

Palm City FL 34990 Residential Market Report May 2016

Palm City FL 34990 Residential Market Report May 2016

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

 

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

 

There are currently 377 active listings (Increased by 12 homes from April)

Palm City FL 34990 Residential Market Report May 2016

 162 Residential sales are pending and awaiting close or lender approval. (Down by 13 homes from last month)

Palm City FL 34990 Residential Market Report May 2016

84 Homes Sold in April (No change in sold homes from April)

Palm City FL 34990 Residential Market Report May 2016

The Palm City FL, zip code 34990 residential real estate market activity continues to be quite active.  Good to see the inventory increase, even if it’s only by two homes.  Unfortunately, pending sales were off compared to last months activity.
The monthly absorption rate decreased to to 4.5 months from 4.7 months in April.  Continuing as a 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 May 2015 numbers were:  361 active listings, 204 pending sales and 100 closed sales.  Considerably better activity last year for the Palm City residential real estate market.

Palm City FL 34990 Residential Market Report May 2016

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Palm City FL 34990 Residential Market Report May 2016

Stuart FL 34997 Condo Market Report May 2016

Stuart FL 34997 Condo Market Report May 2016

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

 

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

There are currently 73 active condo listings (No change from April).

Stuart FL 34997 Condo Market Report May 2016

40 Condo sales are pending and awaiting close or lender approval (Up by 1 condos from April).

Stuart FL 34997 Condo Market Report May 2016

17 Condos Sold in May (Increased by 5 condos from April).

Stuart FL 34997 Condo Market Report May 2016

     The Stuart FL condo market for zip code 34997 for May showed a nice increase in closed sales and continued strong pending sales activity which should be good for future closed sales activity.  The inventory remained unchanged.
     The one month absorption rate went down to 4.3 months from 4.4 months for April.  Still a 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 May 2015 numbers were: 45 active listings, 21 pending sales and 22 closed sales.  Weaker closed sales this year while pending sales are considerably better.  This segment of the Stuart market is the only one with a considerably higher inventory this year as compared to 2015.

Stuart FL 34997 Condo Market Report May 2016

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

 

 

Stuart FL 34997 Residential Market Report May 2016

Stuart FL 34997 Residential Market Report May 2016

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

There are currently 304 active listings (Decreased by 5 homes from April).

Stuart FL 34997 Residential Market Report May 2016

216 Residential sales are pending and awaiting close or lender approval (Down by 3 homes from April).

Stuart FL 34997 Residential Market Report May 2016

109 Homes Sold in May (Increased by 10 homes from April)

Stuart FL 34997 Residential Market Report May 2016

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate market.  And, it is also the most active with very strong sales and pending sales activity.
     The current one month absorption rate plunged to 2.8 months (was 3.1 months for April).  Continuing as an extreme 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 May, were: 275 active listings, 225 pending listings and 91 closed sales.  Interestingly enough, there is a greater number of homes for sale this year as compared to 2015.  Sales were better this year though the pending numbers were higher last year.  Though, with this kind of hot activity, these numbers are very similar.
Stuart FL 34997 Residential Market Report May 2016

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Stuart FL 34997 Residential Market Report May 2016

June 2016 Market Report River Marina Stuart

June 2016 Market Report River Marina Stuart

Here’s the latest update for the River Marina Community of Stuart FL:

River Marina Homes and Townhomes in Stuart FL

For June of 2016, there are 12 active listings  (3 homes and 9 townhouses) on the market in River Marina at prices of $169,900 to $384,000 for an average listing price of $249,822 which equals $137.38 per square ft. of living area.  As of June 16, 2016, these homes and townhouses have averaged 98 days on the market.

There are 4 homes under contract awaiting settlement (all are townhouses) with list prices from $218,690 to $224,390 for an average list price of $222,165 which equals $139.75 per sq. ft. of living area.  These townhouses averaged 62 days on the market before going under contract.

In the past 12 months, 35 homes have sold (5 homes and 30 townhouses) with sales prices from $127,000 to $344,000 at an average sale price of $204,402 or per square foot of $121.52.  The average days on market was 62 days and sales were at 98% of list price.

River Marina Homes and Townhomes in Stuart FL

River Marina is a newer community consisting of 84 single family homes built from 2006 to 2008 ranging in size from 3 BR, 1600 sq. ft. homes to 5 BR homes with 3,380 sq. ft of living area. 14 of these homes are waterfront with Ocean access through the South Fork of the Saint Lucie River. The single family homes in River Marina are in a gated enclave.

River Marina Homes and Townhomes in Stuart FL

Also available are newer townhomes in a non-gated area. Currently, only about 47 townhomes have been built with plans for a total of approximately 220 units. Both 2 and 3 Bedroom townhomes are available with 1627 sq. ft. of living area and a 1 car garage. There’s a community pool and easy access to recreational areas.

River Marina Homes and Townhomes in Stuart FL

June 2016 Market Report River Marina Stuart

River Marina Homes and Townhomes for Sale

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Stuart FL 34996 Condo Market Report May 2016

Stuart FL 34996 Condo Market Report May 2016

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

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

There are currently 120 active condo listings (Down by 6 condos last month).

Stuart FL 34996 Condo Market Report May 2016

40 Condo sales are pending and awaiting close or lender approval (Decreased by 8 condos from April).

Stuart FL 34996 Condo Market Report May 2016

32 Condos Sold in May (Decreased by 5 condos from April) 

Stuart FL 34996 Condo Market Report May 2016

The Stuart FL 34996 Condo Market of Stuart had decreased activity levels for both pending and closed sales.  Though, this is still a very hot segment of the Stuart condo market.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 3.8 months from April’s 3.4 months.  Still in a strong sellers’ market for May.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for May 2015 were: 103 active listings, 39 pending sales and 33 closed sales.  Similar activity to last year, but our inventory is also higher this year making the effective activity a bit weaker.

Stuart FL 34996 Condo Market Report May 2016

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Stuart FL 34996 Condo Market Report May 2016

Stuart FL 34996 Residential Market Report May 2016

Stuart FL 34996 Residential Market Report May 2016

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

 

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

 

There are currently 150 active listings (Down by 1 homes from April).

Stuart FL 34996 Residential Market Report May 2016

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

Stuart FL 34996 Residential Market Report May 2016

22 Homes Sold in May (Decreased by 3 homes from April).

Stuart FL 34996 Residential Market Report May 2016

The 34996 zip code area of the Stuart Florida residential real estate market showed reduced sales and pending activity from last month, though only small decreases.  The inventory dropped by only 1 home, yet is still slightly above last year.

The one month absorption rate for the 34996 zip code area of Stuart Florida for May increased to 6.8 months as compared to April’s 6 months.  Drifting back up into a slight buyers market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for May of 2015 were: 147 active listings, 34 pending sales and 16 closed sales.  Slightly better activity for this year when compared to 2015.

Stuart FL 34996 Residential Market Report May 2016

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Stuart FL 34996 Residential Market Report May 2016

Stuart FL 34994 Condo Market Report May 2016

Stuart FL 34994 Condo Market Report May 2016

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

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

There are currently 83 active condo listings (Down by 14 condos from April).

Stuart FL 34994 Condo Market Report May 2016

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

Stuart FL 34994 Condo Market Report May 2016

18 Condos Sold in May (Down by 1 condos from April).

Stuart FL 34994 Condo Market Report May 2016

The Stuart FL 34994 Condo market had a large increase in pending sales for May while closed sales were only down by one condo.  This should result in strong closed activity for the coming few months.  Unfortunately the active inventory took a significant drop.

The one month absorption rate increased to 4.6 months compared to last month’s 5.1.   Dropping into an even stronger 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 May the numbers were 91 active listings, 38 pending sales, and 19 closed sales.   Very similar activity to last year.  Though we could use a bit more inventory as it’s down significantly from 2015.

Stuart FL 34994 Condo Market Report May 2016

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

Stuart Florida Market Report ZIP Code 34994 Residential May 2016

Stuart Florida Market Report ZIP Code 34994 Residential May 2016

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

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

There are currently 62 active listings (Down by 3 homes from April)

Stuart Florida Market Report ZIP Code 34994 Residential May 2016

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

 Stuart Florida Market Report ZIP Code 34994 Residential May 2016

18 Homes Sold in April (Up by 8 homes from April)

Stuart Florida Market Report ZIP Code 34994 Residential May 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had excellent activity for may 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 May dropped down to 3.4 months from 6.5 months for April.  Back into a serious 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 May 2014 numbers were 72 Active Listings, 31 pending sales and 13 closed sales.   Considerably better activity this year even with the reduced inventory.

Stuart Florida Market Report ZIP Code 34994 Residential May 2016

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Stuart Florida Market Report ZIP Code 34994 Residential May 2016

Sewalls Point Single Family Market Report May 2016

Sewalls Point Single Family Market Report May 2016

Sewalls Point Real Estate Snapshot, Residential Sales for May 2016

 

There are currently 70 active listings (Up by 2 homes since last month)

Sewalls Point Single Family Market Report May 2016

11 home sales are pending and awaiting close or lender approval (Decreased by 8 homes from April)

Sewalls Point Single Family Market Report May 2016

9 Homes sold in May (Increased by 6 home sales from April)

Sewalls Point Single Family Market Report May 2016

The single family real estate market in Sewalls Point for May had a good month for closed sales and has come close to a balanced market.  Unfortunately, a drop in pending sales may signal a potentially weaker upcoming summer.

The current absorption rate dipped to 7.8 months, in April it was 22.7 months. A very good step in the right direction and heading towards a balanced market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to May of 2014, the inventory was 69 homes on the market, 12 pending sales and there were 3 closed sales.  Considerably greater sold homes for this year when compared to 2015.  Mostly good news for Sewalls Point for a change.

Sewalls Point Single Family Market Report May 2016

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Sewalls Point Single Family Market Report May 2016

 

June 2016 Market Update for Ballantrae

June 2016 Market Update for Ballantrae

For June 2016 there are 8 active listings in the Ballantrae community in the Sandpiper section of Port St Lucie, FL.  List prices range from $235,000 to $1,299,000 for an average list price of $591,338 which equals $201.95 per sq. ft. of living area.  As of June 10, these listings were on the market for an average of 148 days.

There are 4 homes under contract which have not closed to date.  List prices were from $270,000 to $1,025,000, which averages to $527,475 or $206.27 per sq. ft. of living area.  These homes averaged 83 days on market before going under contract.

In the past 12 months, there have been 12 home sales.  Sales prices ranged from a low of  $162,000 up to $442,000 for an average sales price of $$233,436 or $119.77 per sq. ft. of living area.  Listings stayed on the market for an average of 80 days and sold at a 95% list to sales price ratio.

Ballantrae in Port St. Lucie

Ballantrae is a gated community of over four hundred homes located in Port Saint Lucie, Florida. We’re on the North Fork of the Saint Lucie River with direct access to the South Fork of the river which leads to Lake Okeechobee and the Gulf of Mexico. In addition, the Indian River Intracoastal Waterway and access to the Atlantic Ocean via the St. Lucie inlet are both within an easy sail down the river.

Ballantrae in Port St. Lucie

Ballantrae in Port St. Lucie

There is a newly updated and private Jack Nicklaus Signature golf course, Santa Lucia River Club. This is a par 72 championship course of masterful design that winds through 402 acres of upland preserves, oak hammocks, and stands of mature pines.

Ballantrae in Port St. Lucie Ballantrae in Port St. Lucie

In addition to golf and boating, we offer tennis, swimming, fishing, and a Homeowners Community Clubhouse which is the center of many community activities.

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Vista del Lago June 2016 Market Report

Vista del Lago June 2016 Market Report

As of June 2016, there are 7 active listings in Vista del Lago. The list prices range from $44,900 to $76,900 for an average list price of $70,143 which equates to $76.24 per sq. ft. of living area.  As of June 9 2016, these condos have been on the market for an average of 95 days.

There are currently 3 condos under contract which have not closed yet.  List prices were from $47,900 to $74,900 for an average list price of $57,233 which equals $72.83 per sq. ft. of living area.  These condos averaged 36 days on market before going under contract.

23 condos have sold in the past 12 months. Sales prices were from $27,000 to $86,000 with the average sales price being $54,061. This equals $62.25 pr sq. ft. of living area. The average days on market was 63 and these condos sold on average at 93% of list price.

 Vista del Lago in Stuart FL

The Vista del Lago condominium complex consists of over 500 condos located north of the Roosevelt Bridge and west of Federal Hwy (US-1) in North Stuart.  This attractive complex is very conveniently located near shopping, restaurants and a quick drive to either downtown Stuart or Jensen Beach.  Just a few minutes more and you can be on the Ocean in either Stuart or Jensen Beach.

Vista del Lago in Stuart FL Vista del Lago in Stuart FL

Vista del Lago condos were first built in 1974 and the last one was completed in 1979.   All the buildings are two story and contain both 2 Bedroom, 2 Bath and 1 Bedroom 1 Bath units.  Sizes range from 1,014 sq. ft. of living space down to 631 sq. ft. 1 bedroom units.  Many of these condos have attractive water views as well as some with golf course views of the Pine Lakes Golf Club.

Vista del Lago in Stuart FL Vista del Lago in Stuart FL

There’s an active clubhouse with a large swimming pool as well as shuffleboard courts.  No pets are permitted in Vista del Lago and this is an age restricted (55+) community.  The HOA fees as of June 2016 were from the low $200’s for a 1 Bedroom unit to just under $300 per month for 2 Bedroom condos.

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Vista del Lago Homes for Sale

Vista del Lago June 2016 Market Report