Stuart Florida Market Report ZIP Code 34994 Residential July 2015

08.11.15 by

Stuart Florida Market Report ZIP Code 34994 Residential July 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for July 2015

For July, 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 62 active listings (Decreased by 2 homes from June)

Stuart Florida Market Report ZIP Code 34994 Residential July 2015

32 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 July 2015

16 Homes Sold in June (Up by 2 homes from June)

Stuart Florida Market Report ZIP Code 34994 Residential July 2015

The 34994 ZIP code area of the Stuart, Florida continues to perform very well even though the inventory of available homes is getting into ver low and troubling levels.

The one month absorption rate for the 34994 zip code for July decreased to 3.9 months from last months 4.6 months, a very strong sellers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The July 2014 numbers were 73 Active Listings, 34 pending sales and 15 closed sales.  Similar sales activity, though the reduced inventory may be an issue for volume of sales in the near future.

Stuart Florida Market Report ZIP Code 34994 Residential July 2015

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Stuart Florida Market Report ZIP Code 34994 Residential July 2015

Sewalls Point Single Family Market Report July 2015

08.10.15 by

Sewalls Point Single Family Market Report July 2015

Sewalls Point Real Estate Snapshot, Residential Sales for July 2015

 

There are currently 58 active listings (Decreased by 3 homes since last month)

Sewalls Point Single Family Market Report July 2015

12 home sales are pending and awaiting close or lender approval (Down by 3 homes from June)

Sewalls Point Single Family Market Report July 2015

5 Homes sold in July (Up by two sales from June)

Sewalls Point Single Family Market Report July 2015

The Sewalls Point single family homes market continues to face some challenging volume of sales, though there were some excellent closings on the higher end of the market for June.  Also, a nice decrease in inventory will bring back some activity for the near future to Sewalls Point.

The current absorption rate dropped to 11.6 months, in June it was 20.3 months. Still plenty of room for improvement.  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 July of 2014, the inventory was 48 homes on the market, 13 pending sales and there were 5 closed sales.  Other than a larger inventory, last years sales activity is almost identical to this year.

Sewalls Point Single Family Market Report July 2015

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Holly Creek August 2015 Market Update

08.07.15 by

Holly Creek August 2015 Market Update

There are 4 active listings in Holly Creek.  List prices range from $129,000 to $229,000 with the average list price being $165,450 which equals a price per sq. ft. of living area of $126.46.
There are three homes pending in Holly Creek.  Listing prices are from $156,000 to $1198,000 for an average list price of $181,300 or $119.88 per sq. ft. of living area.  These homes were on the market for an average of 66 days before going under contract.
In the past 12 months, 12 homes and townhomes have sold in Holly Creek.  Sales prices ranged from $138,500 to $218,500 for an average sale price of $176,683 which equates to $112.09 per sq. ft. of living area.  These homes averaged 42 days on the market before going pending and sold at an average of 95% of listed price.

This is one of the hidden jewels in Martin County and Jensen Beach. Holly Creek is a small and affordable subdivision located off of Jensen Beach Blvd. Just 2 miles from the Indian River (Intracoastal Waterway) and across the Jensen Beach Causeway to access the pristine waters and beaches of the Atlantic Ocean. Only two miles to the Treasure Coast Mall and surrounding areas for shopping, and just a short bike ride from schools, restaurants, parks and downtown Jensen Beach; Holly Creek is one of the best locations on the Treasure Coast Low fees include professional landscaping.This home features lots of room with 2 BR, 2.5 Bath and 1 car garage with additional parking. Both bedrooms feature individual baths. New AC and the refrigerator has a water filter system. Private lanai and lushly landscaped grounds. This is a perfect starter home or a wonderful Florida vacation home during the cold northern winters. This home is in move in condition and ready for immediate occupancy. This home can qualify for the first time home buyers tax credit.

A large heated pool and two professional tennis courts adjoin the spacious clubhouse that has party and banquet facilities available for residents to use.

Numerous small lakes and lush landscaping make Holly Creek a desirable place to call home or a possible vacation retreat from those cold northern winters.

Holly Creek features 2 bedroom townhomes, 3 bedroom villas, 3 bedroom chalet homes all with a single car garage and additional parking. There are also a limited number of estate homes in the rear of Holly Creek which have 2 car garages, larger floor plans and individual designs.

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Holly Creek August 2015 Market Update

June 2015 Monthly Market Detail St Lucie County Townhouses and Condos

07.30.15 by

June 2015 Monthly Market Detail St Lucie County Townhouses and Condos

The June 2015 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors rebounded a bit from a quite difficult May.  Closed sales were unchanged from last year (was down by 30.6% in May) while new sales under contract (new pending sales) decreased by 5.3% (was down by 25.8% in May).

The median sales price increased by 17.5% (down 11.% in May) and the average sales price increased by 20.3% (was up by 16.5% in May).  Continuing the trend of price increases in the Saint Lucie County real estate market..

The inventory of available townhouses and condos decreased by 18 units from last month to 578 properties, which is also down from last June by 23.5%. Current supply of inventory decreased to 5.5 months, from May’s 5.7 months. This is 22.7% lower than last year. The St Lucie County townhouse and condo market continues as a sellers’ market, typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.  Unfortunately, there’s not enough inventory to sustain a growing volume of sales.

June 2015 Monthly Market Detail St Lucie County Townhouses and Condos

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June 2015 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 2015 Monthly Market Detail St Lucie County Townhouses and Condos

June 2015 Monthly Market Detail St Lucie County Single Family Homes

07.29.15 by

June 2015 Monthly Market Detail St Lucie County Single Family Homes

June 2015 Monthly Market Detail St Lucie County Single Family Homes continues to struggle with the volume of sales in this declining inventory market while at the same time showing continued price increases.  Closed sales were off by 7.9% (in May they were down by 19.8%) and new sales under contract (new pending sales) decreased by 16.7% (they were down by 31.3% last month).

Both median and average sales prices continue strong gains with increases of 18.6% and 18.9% respectively from last June (For May these numbers were 18.2% and 13.1%).  These price increases, while good news for sellers, are making single family homes less affordable in the St. Lucie County market area and may be one factor in the reduced volume of closed sales.

The inventory of active listings decreased in June (from last month) by 18 homes to 1,572, and this is  lower than last year’s inventory by 20.4%.  The current supply of inventory is only 3.3 months (a 24.2% decrease from last year). The Saint Lucie County single family home market remains in a very strong sellers market.  We are seeing a reduction in volume of sales because either there isn’t enough inventory available on the market or prices are becoming to high.

June 2015 Monthly Market Detail St Lucie County Single Family Homes

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June 2015 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 2015 Monthly Market Detail St Lucie County Single Family Homes

June 2015 Monthly Market Detail Martin County Townhouses and Condos

07.28.15 by

June 2015 Monthly Market Detail Martin County Townhouses and Condos

June 2015 Monthly Market Detail Martin County Townhouses and Condos showed very strong activity for June after a somewhat slow couple of months for the early summer and late spring.  Year to year closed sales were up by 36.1% (was down by 4.7% in May) and new sales under contract (new pending sales) were down by 9.6% from June 2014 (increased 11.7% in May).

The median sales price was up by 14.5% (was up by 38.0% in May) while the average sales price increased by 15.8% (was up by 42.2% in May) as compared to June of 2014.  Continuing a fairly roller coaster ride of prices this year.

The inventory of available townhouses and condos has decreased by 22 units to 402 properties from last month, this is 28.0% less inventory than was available in June of 2014.  For June there was a 3.6 month supply of inventory (a 35.7% decrease from last year).  A very strong sellers market for townhouses and condos in Martin County.  Buyers are in need of additional inventory for their potential purchases.

June 2015 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
June 2015 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 2015 Monthly Market Detail Martin County Townhouses and Condos

June 2015 Monthly Market Detail Florida Townhouses and Condos

07.26.15 by

June 2015 Monthly Market Detail Florida Townhouses and Condos

The June 2015 Monthly Market Detail Florida Townhouses and Condos rebounded after a somewhat weak May.  Closed sales were up by 14.6% as compared to last months decrease of 0.1% and new sales under contract (new pending sales) increased by 2.7% (In May there was a 1.4% decrease).

Both median and average sales prices continue to increase, with rises of (year to year) 7.9% and 3.1% respectively (in May they were up by 9.7% and o.5%).  As sales volume decreases, I expect to see some moderation in the coming months for price increases.

The inventory decreased by 1.8% from June of last year.  For June 2015 we have 5.5 months of inventory (was 5.8 months in May) also was 5.8 from last June.  A slight sellers market for now, as a 6 months inventory supply is considered a balanced market.

June 2015 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 2015 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 2015 Monthly Market Detail Florida Townhouses and Condos

June 2015 Monthly Market Detail Florida Single Family Homes

07.24.15 by

June 2015 Monthly Market Detail Florida Single Family Homes

The June 2015 Monthly Market Detail Florida Single Family Homes continues to show improved activity from last year and showed a greater rate of improvement from last month.  Closed sales were up by 19.% (was up by 7.7% in May) and new sales under contract (new pending sales) increased by 10.4% (was up by 1.5% in May).

Both median and average sales prices continue to rise ( June 2014 to June 2015) by 10.0% and 3.4% respectively, compared to May’s 11.1% and 1.9%.  Home prices continue their upward trend in FL.  As interest rates begin to rise, we’ll see how long and how fast this trend continues.

The inventory of available homes for sale fell by 5.9% from last year.  Some high demand areas of Florida have seen decreasing inventory for a number of months now.  For June there was only a 4.6 months supply of inventory, this is a sellers market with the advantage for sellers. (June of 2014 had a 5.6 month supply)

June 2015 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

June 2015 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 2015 Monthly Market Detail Florida Single Family Homes

Hobe Sound FL 33455 Condo Market Report June 2015

07.22.15 by

Hobe Sound FL 33455 Condo Market Report June 2015

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for June 2015

 

For June 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 8 active condo listings. (Down by 1 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2015

2 Condos are pending and awaiting close. (Down by 2 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2015

6 Condos sold in May (Increased by 5 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  We are down to only 8 active listings in Hobe Sound for June.  So not much in the way of expectations for the immediate future until more condos come on the market for sale.

The current absorption rate is 1.3 months (Last month it was 8 months). The statistics within this segment should be taken with a 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 2014 numbers were: 18 active listings, 4 pending sales and 2 closed sales.  Hardly any available condos for sale in Hobe Sound but still better volume of sales this year as compared to last.

Hobe Sound FL 33455 Condo Market Report June 2015

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Hobe Sound FL 33455 Condo Market Report June 2015

 

Hobe Sound FL 33455 Residential Market Report June 2015

07.21.15 by

Hobe Sound FL 33455 Residential Market Report June 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for June 2015

  For June 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 150 active listings. (Down by 30 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2015

119 Residential sales are pending and awaiting close  (Up by 6 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2015

61 Homes Sold in June (Down by 4 homes from last month)

Hobe Sound FL 33455 Residential Market Report June 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to set a torrid pace for sales.  Though the continuing drop in available inventory will soon effect the volume of sales unless more product goes back on the market.  Can’t sell it if it’s not available.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dipped to 2.5 months (2.8 months in May).  Still an extreme seller’s market for the Hobe Sound area of Martin County.  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 2014 were:  261 active listings, 95 pending sales and 40 closed sales.   A very significant drop in inventory, yet the volume remains better than last year.

Hobe Sound FL 33455 Residential Market Report June 2015

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Hobe Sound FL 33455 Residential Market Report June 2015

Jensen Beach FL 34957 Condo Market Report June 2015

07.20.15 by

Jensen Beach FL 34957 Condo Market Report June 2015

 

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

 

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



There are currently 31 active listings. (Increased by 1 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2015

11 Condo sales are pending and awaiting settlement. (Decreased by 1 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2015

5 Condos Sold (Decreased by 3 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2015

 The Jensen Beach FL 34957 Condo Market Report June 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  Activity dropped off from the past few months very hot market to just a very good market for Jensen Beach condos.

The one month absorption rate for the June 2015, Jensen Beach Florida Market Report ZIP Code 34957 rose to 6.2  months (from 3.8 months in May), back into a long awaited balanced market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The June 2014 numbers were: 31 active listings, 10 pending sales and 3 condos closed.  Marginally better activity this year, though with such small numbers a trend is difficult to determine for this market.

Jensen Beach FL 34957 Condo Market Report June 2015

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Jensen Beach FL 34957 Condo Market Report June 2015

Jensen Beach FL 34957 Residential Market Report June 2015

07.19.15 by

Jensen Beach FL 34957 Residential Market Report June 2015

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

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

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

Jensen Beach FL 34957 Residential Market Report June 2015

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

Jensen Beach FL 34957 Residential Market Report June 2015

46 Homes Sold (Increased by 15 homes from May)

Jensen Beach FL 34957 Residential Market Report June 2015

The Jensen Beach FL 34957 Residential Market resumed it’s torrid pace for the year after just a slight breather in May.  Very strong activity in Jensen Beach residential sales.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 2.6 months (was 4.4 months in May).  A very strong sellers market for Jensen Beach home sales but heading towards a balanced market.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The June 2014 numbers were: 122 active listings, 62 pending sales and 25 home sales closed.   Much better volume this year and encouragingly Jensen Beach inventory hasn’t declined as much as some other parts of Martin County.
Jensen Beach FL 34957 Residential Market Report June 2015

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Jensen Beach FL 34957 Residential Market Report June 2015

Palm City FL 34990 Condo Market Report June 2015

07.18.15 by

Palm City FL 34990 Condo Market Report June 2015

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

 

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



There are currently 51 active condo listings. (Down by 4 condos from May)

Palm City FL 34990 Condo Market Report June 2015

14 Condo sales are pending and awaiting close or lender approval. (Increased by 3 condos from last month)

Palm City FL 34990 Condo Market Report June 2015

8 Condos Sold in June. (Up by 4 condos from May)

Palm City FL 34990 Condo Market Report June 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Fairly positive activity for June of 2015 with improving closed sales and pending sales.

The current absorption rate for condos in the 34990 zip code area declined to 6.4 months (was 13.8 months in August).   Sliding in the wrong direction for the Palm City condo market. 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 June 2014 numbers were: 56 active listings, 5 pending sales and 3 closed sales.   Somewhat better volume for the 2015 palm City condo market.
 Palm City FL 34990 Condo Market Report June 2015

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Palm City FL 34990 Condo Market Report June 2015

Palm City FL 34990 Residential Market Report June 2015

07.17.15 by

Palm City FL 34990 Residential Market Report June 2015

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

 

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


There are currently 358 active listings (Decreased by 3 homes from May)

Palm City FL 34990 Residential Market Report June 2015

 163 Residential sales are pending and awaiting close or lender approval. (Decreased by 41 homes from last month)

Palm City FL 34990 Residential Market Report June 2015

128 Homes Sold in May (Increased by 28 sold homes from May)

Palm City FL 34990 Residential Market Report June 2015

After a very strong May, the Palm City FL 34990 residential real estate market came in with even more for June.  Unfortunately the inventory has dropped to a point that future pending sales have decreased and I believe the volume of future closed sales will suffer unless we get more homes available on the market.
 The current absorption rate dropped to 2.8 months from 3.6 months in May.  An extreme 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 2014 numbers were:  444 active listings, 153 pending sales and 94 closed sales.  Even with a greatly reduced inventory.  Sales volume is much better for 2015.

Palm City FL 34990 Residential Market Report June 2015

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Palm City FL 34990 Residential Market Report June 2015

Stuart FL 34997 Condo Market Report June 2015

07.16.15 by

Stuart FL 34997 Condo Market Report June 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2015

 

For June 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 35 active condo listings (Down by 10 condos from May).

Stuart FL 34997 Condo Market Report June 2015

19 Condo sales are pending and awaiting close or lender approval (Decreased by 2 condos from May).

Stuart FL 34997 Condo Market Report June 2015

17 Condos Sold in June (Decreased by 5 condos from May).

Stuart FL 34997 Condo Market Report June 2015

The Stuart FL condo market for zip code 34997 continues to outperform the rest of the County in the condo market.  Though the inventory has dropped very significantly and this is reflecting on lower sales and pending sales volume.
The one month absorption rate remains the same as last month at 2 months.  Continuing as an extreme seller’s market for now, though as we get into summer I expect this extreme market to ease up a bit.  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 2014 numbers were: 67 active listings, 28 pending sales and 15 closed sales.   The most dramatic statistic is that our current inventory of condos in the 34997 section of Stuart is just about 50% less than last year.

Stuart FL 34997 Condo Market Report June 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2015

 

 

Stuart FL 34997 Residential Market Report June 2015

07.15.15 by

Stuart FL 34997 Residential Market Report June 2015

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

 

There are currently 257 active listings (Decreased by 22 homes from May).

Stuart FL 34997 Residential Market Report June 2015

200 Residential sales are pending and awaiting close or lender approval (Decreased by 25 homes from May).

Stuart FL 34997 Residential Market Report June 2015

113 Homes Sold in June (Increased by 22 homes from May)

Stuart FL 34997 Residential Market Report June 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market.  Our inventory took another major drop as sales are going faster than homeowners are willing to list on the market.  Closed sales remain very strong, but the reduced inventory will soon result in a lower volume of closed sales as evidenced by the drop in pending sales.
     The current one month absorption rate dropped to 2.3  months (was 3.1 months for May).  Moving to even a stronger seller’s 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 2014 numbers for June, were: 381 active listings, 185 pending listings and 80 closed sales.  Very strong activity this year even with a dramatic drop in inventory.
Stuart FL 34997 Residential Market Report June 2015

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Stuart FL 34997 Residential Market Report June 2015

 

Stuart FL 34996 Condo Market Report June 2015

07.14.15 by

Stuart FL 34996 Condo Market Report June 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for June 2015

For June 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 102 active condo listings (Down by 1 condos last month).

Stuart FL 34996 Condo Market Report June 2015

28 Condo sales are pending and awaiting close or lender approval (Decreased by 11 condos from May).

Stuart FL 34996 Condo Market Report June 2015

26 Condos Sold in June (Decreased by 7 condos from May) 

Stuart FL 34996 Condo Market Report June 2015

The Stuart FL 34996 Condo Market continued to be very active through June.  We are seeing a small slowdown of the activity level in this very hot segment of the Stuart FL condo market.  Though, we remain in a sellers market.  I anticipate some more easing as we go into the summer and fall months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 3.9 months from May’s 3.1  months.  Still a strong sellers market but soon to turn as we go into the summer months.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for June 2014 were: 139 active listings, 33 pending sales and 17 closed sales.  Considerably stronger activity this year even though there’s a significant decrease in inventory as compared to last year.

Stuart FL 34996 Condo Market Report June 2015

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Stuart FL 34996 Condo Market Report June 2015

Stuart FL 34996 Residential Market Report June 2015

07.13.15 by

Stuart FL 34996 Residential Market Report June 2015

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

 

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

 

There are currently 136 active listings (Down by 11 homes from May).

Stuart FL 34996 Residential Market Report June 2015

44 Residential sales are pending and awaiting close or lender approval (Up by 10 homes from May).

Stuart FL 34996 Residential Market Report June 2015

8 Homes Sold in June (Decreased by 8 homes from May).

Stuart FL 34996 Residential Market Report June 2015

The 34996 zip code area of the Stuart Florida residential real estate market continues to show some weakness.  Pending sales are quite strong, but closed sales were off for June.

The one month absorption rate for the 34996 zip code area of Stuart Florida for June jumped dramatically to 17 months as compared to May’s 9.2 months.  A pretty good buyers market fot this section of Martin County.  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 2014 were: 177 active listings, 38 pending sales and 15 closed sales.  Dramatically reduced inventory is contributing to a lower volume of activity for the 34996 zip code area of Stuart.

Stuart FL 34996 Residential Market Report June 2015

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Stuart FL 34996 Residential Market Report June 2015

Stuart FL 34994 Condo Market Report June 2015

07.12.15 by

Stuart FL 34994 Condo Market Report June 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for June 2015

For June 2015 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 83 active condo listings (Decreased by 8 condos from May).

Stuart FL 34994 Condo Market Report June 2015

34 Condo sales are pending and awaiting close or lender approval. (Decreased by 4 condo from last month) 

Stuart FL 34994 Condo Market Report June 2015

23 Condos Sold in June (Up by 4 condos from May).

Stuart FL 34994 Condo Market Report June 2015

The Stuart FL 34994 Condo market showed strong activity for June 2015.  Slightly less inventory and pending sales for June, while closed sales were up slightly.  This segment of the market remains quite active.

The one month absorption rate decreased to 3.6 months compared to last month’s 4.8.  Continuing as a very strong seller’s market.  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 111 active listings, 46 pending sales, and 23 closed sales. For the 34994 zip code area of Stuart there was considerably greater activity last year.

Stuart FL 34994 Condo Market Report June 2015

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Stuart Florida Market Report ZIP Code 34994 – Condo, June 2015

Stuart Florida Market Report ZIP Code 34994 Residential June 2015

07.11.15 by

Stuart Florida Market Report ZIP Code 34994 Residential June 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for June 2015

For June, 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 64 active listings (Decreased by 8 homes from May)

Stuart Florida Market Report ZIP Code 34994 Residential June 2015

38 Residential sales are pending and awaiting close or lender approval (Decreased by 7 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential June 2015

14 Homes Sold in May (Up by 1 homes from May)

Stuart Florida Market Report ZIP Code 34994 Residential June 2015

The 34994 ZIP code area of the Stuart, Florida took a small breather last month, but is back strong for June.  Both increased pending and closed activity.  Though, the reduced inventory is troubling.

The one month absorption rate for the 34994 zip code for June decreased to 4.6 months from last months 5.5 months, back to a strong sellers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The June 2014 numbers were 71 Active Listings, 34 pending sales and 13 closed sales.  Similar activity to last year even though there’s reduced inventory.

Stuart Florida Market Report ZIP Code 34994 Residential June 2015

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Stuart Florida Market Report ZIP Code 34994 Residential June 2015