Summerfield Golf Club Market Update for July 2015

07.04.15 by

Summerfield Golf Club Market Update for July 2015 – Home of the Champions Golf Club

Summerfield Golf Club

As of July 2015:
There are 6 homes on the market in Summerfield ranging in listing price from $318,000 to $598,000 for an average of $416,798 which equals $162.55 per square foot of living area.

There are 6 homes under contract (pending) awaiting their closing. Listing prices are from $292,000 to $469,000 for an average of $363,166 which equates to $161.14 per square foot of living area.

In the past 12 months, 33 homes have sold.  Sales prices ranged from $175,000 to $511,900 for an average sales price of $304,283 which equals $149.06 per square foot of living area.  The average days on market for these sales was 77 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/

Summerfield Golf Club

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.

the Champions Club at Summerfield

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.

Summerfield Golf Club

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 Champions Club at Summerfield

Summerfield Golf Club

The following homes are currently available for sale in Summerfield:

Summerfield Golf Club Homes for Sale

Stuart Florida Real Estate

Summerfield Golf Club Market Update for July 2015

May 2015 Monthly Market Detail St Lucie County Townhouses and Condos

06.30.15 by

May 2015 Monthly Market Detail St Lucie County Townhouses and Condos

The May 2015 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors had a very difficult month of May for the volume of sales.  Closed sales were down by 30.6% (was up by 8.6% in April) while new sales under contract (new pending sales) decreased by 25.8% (was down by 21.5% in April).

The median sales price increased by 11.5% (down 19.5% in April) and the average sales price increased by 16.5% (was up by 0.8% in April).  Back to price increases after a setback last month.

The inventory of available townhouses and condos decreased by 38 units from last month to 596 properties, which is also down from last May by 26.9%. Current supply of inventory decreased to 5.7 months, from April’s 5.9 months. This is 27.0% lower than last year. The St Lucie County townhouse and condo market is now in 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.

May 2015 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
May 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.

May 2015 Monthly Market Detail St Lucie County Townhouses and Condos

May 2015 Monthly Market Detail St Lucie County Single Family Homes

06.29.15 by

May 2015 Monthly Market Detail St Lucie County Single Family Homes

May 2015 Monthly Market Detail St Lucie County Single Family Homes is struggling with the volume of sales while at the same time showing continued price increases.  Closed sales were off by 19.8% (in April they were up by 12.1%) and new sales under contract (new pending sales) decreased by 31.3% (they were down by 18.7% last month).

Both median and average sales prices continue strong gains with increases of 18.2% and 13.1% respectively from last May (For April these numbers were 20.9% and 25.8%).  These price increases, while good news for sellers, are making single family homes less affordable in the St. Lucie County market area.

The inventory of active listings decreased in May (from last month) by 143 homes to 1,590, and this is  lower than last year’s inventory by 21.9%.  The current supply of inventory is only 3.3 months (a 27.2% 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.  We remain in a pretty extreme sellers market for St Lucie County single family home sale.

May 2015 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
May 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.

May 2015 Monthly Market Detail St Lucie County Single Family Homes

May 2015 Monthly Market Detail Martin County Townhouses and Condos

06.28.15 by

May 2015 Monthly Market Detail Martin County Townhouses and Condos

May 2015 Monthly Market Detail Martin County Townhouses and Condos activity decreased in volume from last year while still showing some exceptionally strong price gains.  Year to year closed sales were down by 4.7% (was down by 9.5% in April) as well as new sales under contract (new pending sales) was down by 11.7% from May 2014 (decreased 19.2% in April).

The median sales price was up by 38.0% (was down by 1.1% in April) while the average sales price increased by 42.2% (was down by 5.0% in April) as compared to May of 2014.  Back into some exceptionally strong price gains.

The inventory of available townhouses and condos has decreased by 31 units to 424 properties from last month, this is 25.0% less inventory than was available in May of 2014.  For May there was a 3.9 month supply of inventory (a 31.8% 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.

May 2015 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
May 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.

May 2015 Monthly Market Detail Martin County Townhouses and Condos

Tennis Villas June 2015 Market Report

06.26.15 by

Tennis Villas June 2015 Market Report

As of June 2015, there are 4 active listings in Tennis Villas. The list prices are $229,000 and $261,000 for an average listing price of $243,250 which equates to $272.75 per sq. ft. of living area.

There are currently no condos under contract or pending in the Tennis Villas

5 condos have sold in the past 12 months. Sales prices ranged from $210,000 to $255,000 with an average of $229,600 or $242.48 per sq. ft. of living area. These sales averaged 93% of listing price with an average days on market of 178 days.

Tennis Villas in Indian River Plantation

About Tennis Villas

For those looking to live in a resort setting with the beaches of the Atlantic Ocean close by as well as a full service Marina, golf course, restaurants and fitness facilities without paying the premium price of most resorts, then the Tennis Villas in Indian River Plantation might just be the place for you.

Tennis Villas in Indian River Plantation Tennis Villas in Indian River Plantation

The Tennis Villas are condos located just off the golf course and surrounded by the Atlantic Ocean to the east and the Indian River (Intracoastal) to the west. There are 92 units built in 1978 and 1979. They are all two bedroom and two bathroom condos with 871 sq. ft. of living area.  The Tennis Villas are pet friendly and will allow one pet.

 Tennis Villas in Indian River Plantation Tennis Villas in Indian River Plantation

The Tennis Villas are in an excellent location, just a short walk to the beach and there’s a courtesy tram that is available to take residents and guests around the sprawling facilities of the Marriott resort at Indian River Plantation. Just a short drive to the grocery store, historic downtown Stuart and the many, many amenities that Martin County FL has to offer.

 Hutchinson Island Real Estate

 

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Tennis Villas June 2015 Market Report

 

May 2015 Monthly Market Detail Florida Townhouses and Condos

06.24.15 by

May 2015 Monthly Market Detail Florida Townhouses and Condos

The May 2015 Monthly Market Detail Florida Townhouses and Condos showed declining activity for the first time in a while.  Closed sales were down by 0.1% as compared to last months increase of 8.1% and new sales under contract (new pending sales) decreased by 1.4% (April’s increase was 0.6%).

Both median and average sales prices still managed to increase, with rises of (year to year) 9.7% and o.5% respectively (in April they were up by 10.3% and 6.1%).  As sales volume decreases, I expect to see some moderation in the coming months for price increases.

The inventory decreased slightly by .08% for May.  The decreasing inventory may be one reason for the reduced sales volume.  For May 2015 we have 5.8 months of inventory (was 6 months in April) also was 6.0 from last May.  Essentially a balanced real estate market as a 6 months inventory supply is considered a balanced market.

May 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:
May 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.

May 2015 Monthly Market Detail Florida Townhouses and Condos

May 2015 Monthly Market Detail Florida Single Family Homes

06.23.15 by

May 2015 Monthly Market Detail Florida Single Family Homes

The May 2015 Monthly Market Detail Florida Single Family Homes continues to show improved activity from last year though the rate of increased activity is moderating.  Closed sales were up by 7.7% (was up by 17.9% in April) and new sales under contract (new pending sales) increased by 1.5% (was up by 8.6% in April).

Both median and average sales prices continue to rise ( May 2014 to May 2015) by 11.1% and 1.9% respectively, compared to April’s 11.4% and 8.1%.  Home values continue to increase, but at least for May the rate of increases has settled down somewhat.

The inventory of available homes for sale fell by 5.7% from last year.  Some high demand areas of Florida have seen decreasing inventory for a number of months now.  For May there was only a 4.7 months supply of inventory, this is a sellers market with the advantage for sellers. (May of 2014 had a 5.7 month supply)

May 2015 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

May 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.

May 2015 Monthly Market Detail Florida Single Family Homes

Hobe Sound FL 33455 Condo Market Report May 2015

06.22.15 by

Hobe Sound FL 33455 Condo Market Report May 2015

 

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

 

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

 

There are currently 8 active condo listings. (Down by 2 condos from April)

Hobe Sound FL 33455 Condo Market Report May 2015

4 Condos are pending and awaiting close. (Up by 2 condos from April)

Hobe Sound FL 33455 Condo Market Report May 2015

1 Condos sold in April (Decreased by 4 condos from April)

Hobe Sound FL 33455 Condo Market Report May 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  As we deplete the pending inventory with closed sales, this will continue to be a difficult segment of the Martin County condo market until we get more inventory of available condos.

The current absorption rate is 8 months (Last month it was 2 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 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 2014 numbers were: 20 active listings, 5 pending sales and 3 closed sales.  Currently with single digit inventory numbers, it is very difficult to generate any kind of volume for condo sales in Hobe Sound.

Hobe Sound FL 33455 Condo Market Report May 2015

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Hobe Sound FL 33455 Condo Market Report May 2015

 

Hobe Sound FL 33455 Residential Market Report May 2015

06.21.15 by

Hobe Sound FL 33455 Residential Market Report May 2015

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

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

There are currently 180 active listings. (Up by 2 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2015

113 Residential sales are pending and awaiting close  (Down by 20 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2015

65 Homes Sold in May (Down by 3 homes from last month)

Hobe Sound FL 33455 Residential Market Report May 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to set a torrid pace and is the winner for the strongest activity in residential sales for the county.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 eaked up to 2.8months (2.6 months in April).  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 May 2014 were:  272 active listings, 84 pending sales and 47 closed sales.   Considerably better activity this year even with the reduced inventory.

Hobe Sound FL 33455 Residential Market Report May 2015

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Hobe Sound FL 33455 Residential Market Report May 2015

Jensen Beach FL 34957 Condo Market Report May 2015

06.20.15 by

Jensen Beach FL 34957 Condo Market Report May 2015

 

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

 

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



There are currently 30 active listings. (Increased by 2 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2015

12 Condo sales are pending and awaiting settlement. (Decreased by 4 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2015

8 Condos Sold (Decreased by 3 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2015

 The Jensen Beach FL 34957 Condo Market Report May 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.   Closed sales were off a little, but still an active sellers market.

The one month absorption rate for the May 2015, Jensen Beach Florida Market Report ZIP Code 34957 rose to 3.8  months (from 2.5 months in April), still a sellers market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The May 2014 numbers were: 31 active listings, 9 pending sales and 5 condos closed.  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 May 2015

Jensen Beach Condominium Properties by Price


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Jensen Beach FL 34957 Condo Market Report May 2015

Vista del Lago June 2015 Market Report

06.20.15 by

Vista del Lago June 2015 Market Report

As of June 2015, there are 3 active listings in Vista del Lago. The list prices range from $49,900 to $74,900 for an average list price of $64,600 which equates to $76.22 per sq. ft. of living area.

There are currently two condos under contract which have not closed yet.  List prices were $37,00 and $50,000 for an average of $43,950 which equals $50.02 per sq. ft. of living area.

26 condos have sold in the past 12 months. Sales prices were from $33,000 to $85,000 with the average being $59,796. This equals $64.08 pr sq. ft. of living area. The average days on market was 50 days and these condos sold on average at 94% 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 2015 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 2015 Market Report

Jensen Beach FL 34957 Residential Market Report May 2015

06.19.15 by

Jensen Beach FL 34957 Residential Market Report May 2015

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

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

 There are currently 135 active listings. (Down by 10 homes from last month)

Jensen Beach FL 34957 Residential Market Report May 2015

92 Residential sales are pending and awaiting close or lender approval. (Up by 4 homes from April)

Jensen Beach FL 34957 Residential Market Report May 2015

31 Homes Sold (Decreased by 17 homes from April)

Jensen Beach FL 34957 Residential Market Report May 2015

The Jensen Beach FL 34957 Residential Market eased a little from the torrid pace of last month, though still an extreme sellers market.  Interestingly, Jensen Beach is one of our only markets with an increase of inventory from last year.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 4.4 months (was 3.0 months in April).  Still a 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 May 2014 numbers were: 112 active listings, 72 pending sales and 42 home sales closed.   Better closed volume last year while pending sales are stronger this year.
Jensen Beach FL 34957 Residential Market Report May 2015

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Jensen Beach FL 34957 Residential Market Report May 2015

Palm City FL 34990 Condo Market Report May 2015

06.18.15 by

Palm City FL 34990 Condo Market Report May 2015

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

 

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



There are currently 55 active condo listings. (Unchanged from April)

Palm City FL 34990 Condo Market Report May 2015

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

Palm City FL 34990 Condo Market Report May 2015

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

Palm City FL 34990 Condo Market Report May 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Unfortunately activity decreased from the previous month.

The current absorption rate for condos in the 34990 zip code area declined to 13.8 months (was 7.9 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 May 2014 numbers were: 52 active listings, 10 pending sales and 4 closed sales.   Just about identical to this years activity.
 Palm City FL 34990 Condo Market Report May 2015

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Palm City FL 34990 Condo Market Report May 2015

Palm City FL 34990 Residential Market Report May 2015

06.17.15 by

Palm City FL 34990 Residential Market Report May 2015

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

 

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


There are currently 361 active listings (Decreased by 20 homes from April)

Palm City FL 34990 Residential Market Report May 2015

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

Palm City FL 34990 Residential Market Report May 2015

100 Homes Sold in April (Increased by 27 sold homes from April)

Palm City FL 34990 Residential Market Report May 2015

The Palm City FL 34990 residential real estate market was very strong for May.  Closed sales were up from last month while the pending sales dropped slightly.  Unfortunately the active inventory continues to declines which may impact the future sales for this area.
 The current absorption rate dropped to 3.6 months from 5.2 months in April.  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 2014 numbers were:  436 active listings, 175 pending sales and 72 closed sales.  Even with the reduced inventory, considerably stronger volume for this year when compared to last.

Palm City FL 34990 Residential Market Report May 2015

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Palm City FL 34990 Residential Market Report May 2015

Stuart FL 34997 Condo Market Report May 2015

06.16.15 by

Stuart FL 34997 Condo Market Report May 2015

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

 

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

There are currently 45 active condo listings (Up by two condos from April).

Stuart FL 34997 Condo Market Report May 2015

21 Condo sales are pending and awaiting close or lender approval (Decreased by 9 condos from April).

Stuart FL 34997 Condo Market Report May 2015

22 Condos Sold in May (Increased by 4 condos from April).

Stuart FL 34997 Condo Market Report May 2015

The Stuart FL condo market for zip code 34997 continues to outperform the rest of the County in the condo market.  Though, inventory is becoming a huge issue.
The one month absorption rate is now a very striking 2 months after last months amazing 2.4 month rate.  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 May 2014 numbers were: 74 active listings, 32 pending sales and 28 closed sales.   Better volume last year, but there was almost double the amount of inventory.

Stuart FL 34997 Condo Market Report May 2015

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

 

 

Stuart FL 34997 Residential Market Report May 2015

06.15.15 by

Stuart FL 34997 Residential Market Report May 2015

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

 

There are currently 279 active listings (Decreased by 36 homes from April).

Stuart FL 34997 Residential Market Report May 2015

225 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from April).

Stuart FL 34997 Residential Market Report May 2015

91 Homes Sold in May (Decreased by 7 homes from April)

Stuart FL 34997 Residential Market Report May 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.  Both pending sales and closed sales remain very strong, but the reduced inventory may be a sign of some weaker future volume.
     The current one month absorption rate decreased slightly to 3.1  months (was 3.2 months for April).  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 May, were: 413 active listings, 164 pending listings and 107 closed sales.  Considerably better pending activity this year, but the reduced inventory is very troubling.
Stuart FL 34997 Residential Market Report May 2015

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Stuart FL 34997 Residential Market Report May 2015

 

Stuart FL 34996 Condo Market Report May 2015

06.14.15 by

Stuart FL 34996 Condo Market Report May 2015

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

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

There are currently 103 active condo listings (Down by 7 condos last month).

Stuart FL 34996 Condo Market Report May 2015

39 Condo sales are pending and awaiting close or lender approval (Decreased by 16 condos from April).

Stuart FL 34996 Condo Market Report May 2015

33 Condos Sold in May (Increased by 10 condos from April) 

Stuart FL 34996 Condo Market Report May 2015

The Stuart FL 34996 Condo Market continued to be very active through May.  Pending sales were off a bit, which is not unexpected as we head into the summer months.  Typically a slower time for condo sales on the Treasure Coast.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 3.1 months from April’s 4.8 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 May 2014 were: 145 active listings, 35 pending sales and 26 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 May 2015

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Stuart FL 34996 Condo Market Report May 2015

Stuart FL 34996 Residential Market Report May 2015

06.13.15 by

Stuart FL 34996 Residential Market Report May 2015

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

 

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

 

There are currently 147 active listings (Down by 26 homes from April).

Stuart FL 34996 Residential Market Report May 2015

34 Residential sales are pending and awaiting close or lender approval (Up by 5 homes from April).

Stuart FL 34996 Residential Market Report May 2015

16 Homes Sold in May (Decreased by 2 homes from April).

Stuart FL 34996 Residential Market Report May 2015

The 34996 zip code area of the Stuart Florida residential real estate market continues to show some weakness.  A surprisingly large drop in inventory will not help for future sales.

The one month absorption rate for the 34996 zip code area of Stuart Florida for May decreased slightly to 9.2 months as compared to April’s 9.6 months.  Drifting in a better direction, though with lots of room for improvement.  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 2014 were: 187 active listings, 48 pending sales and 20 closed sales.  Considerably better activity last year.  (It should be noted that this zip code includes the Sewalls Point area, and should the Sewalls Point activity be excluded from this report, it would look much better.)

Stuart FL 34996 Residential Market Report May 2015

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Stuart FL 34996 Residential Market Report May 2015

Stuart FL 34994 Condo Market Report May 2015

06.12.15 by

Stuart FL 34994 Condo Market Report May 2015

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

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

 

There are currently 91 active condo listings (Decreased by 2 condos from April).

Stuart FL 34994 Condo Market Report May 2015

38 Condo sales are pending and awaiting close or lender approval. (Decreased by 2 condo from last month) 

Stuart FL 34994 Condo Market Report May 2015

19 Condos Sold in May (Unchanged from April).

Stuart FL 34994 Condo Market Report May 2015

The Stuart FL 34994 Condo market showed strong activity for May 2015.  Slightly less inventory and pending sales for May, while closed sales remained unchanged for the third month in a row.

The one month absorption rate decreased to 4.8 months compared to last month’s 4.9.  Continuing as a 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 May the numbers were 111 active listings, 50 pending sales, and 27 closed sales. For the 34994 zip code area of Stuart there was considerably greater activity last year.

Stuart FL 34994 Condo Market Report May 2015

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

Stuart Florida Market Report ZIP Code 34994 Residential May 2015

06.11.15 by

Stuart Florida Market Report ZIP Code 34994 Residential May 2015

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

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

There are currently 72 active listings (Increased by 4 homes from April)

Stuart Florida Market Report ZIP Code 34994 Residential May 2015

31 Residential sales are pending and awaiting close or lender approval (Decreased by 2 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential May 2015

13 Homes Sold in April (Down by 8 homes from April)

Stuart Florida Market Report ZIP Code 34994 Residential May 2015

The 34994 ZIP code area of the Stuart, Florida took a small breather from the torid activity levels of last month.  There are still some solid pending and closed sales numbers, though we’d like to see a larger increase in inventory.

The one month absorption rate for the 34994 zip code for May increased to 5.5 months from last months 3.2 months, moving closer to a balanced market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The May 2014 numbers were 73 Active Listings, 32 pending sales and 10 closed sales.  Almost identical activity to last year.

Stuart Florida Market Report ZIP Code 34994 Residential May 2015

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Stuart Florida Market Report ZIP Code 34994 Residential May 2015