Stuart Florida Market Report ZIP Code 34994 Residential April 2015

05.14.15 by

Stuart Florida Market Report ZIP Code 34994 Residential April 2015

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

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

There are currently 68 active listings (Decreased by 8 homes from March)

Stuart Florida Market Report ZIP Code 34994 Residential April 2015

33 Residential sales are pending and awaiting close or lender approval (Decreased by 12 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential April 2015

21 Homes Sold in March (Up by 5 homes from March)

Stuart Florida Market Report ZIP Code 34994 Residential April 2015

The 34994 ZIP code area of the Stuart, Florida showed continued strong activity, but unfortunately the inventory is dropping to very low levels and this is reflected in the decreasing number of pending sales.  A possible indication of future slower closed activity.

The one month absorption rate for the 34994 zip code for April decreased to 3.2 months from last months 4.8 months, even a stronger seller’s market for April.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The April 2014 numbers were 74 Active Listings, 24 pending sales and 15 closed sales.  Better overall activity for this year as compared to April of 2014.

Stuart Florida Market Report ZIP Code 34994 Residential April 2015

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential April 2015

Sewalls Point Single Family Market Report April 2015

05.13.15 by

Sewalls Point Single Family Market Report April 2015

Sewalls Point Real Estate Snapshot, Residential Sales for April 2015

 

There are currently 79 active listings (Increased by 7 homes since last month)

Sewalls Point Single Family Market Report April 2015

11 home sales are pending and awaiting close or lender approval (Down by 6 homes from March)

Sewalls Point Single Family Market Report April 2015

6 Homes sold in April (Increased by 3 homes from March)

Sewalls Point Single Family Market Report April 2015

The Sewalls Point single family homes market activity remains challenging for sellers.  Though buyers have some excellent choices and opportunities at the present time.  Closed sales doubled from last month, though the inventory is quite high and pending sales decreased.

The current absorption rate dropped to 13.2 months, in March it was 24 months. Much improved from last month, but still a buyer’s 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 April of 2014, the inventory was 58 homes on the market, 13 pending sales and there were 5 closed sales.  Other than 1 additional closed sale this year, last years activity was better when considering the lower inventory.

Sewalls Point Single Family Market Report April 2015

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Sewalls Point Single Family Market Report April 2015

 

March 2015 Monthly Market Detail St Lucie County Townhouses and Condos

04.30.15 by

March 2015 Monthly Market Detail St Lucie County Townhouses and Condos

The March 2015 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors retreated a bit after an active February.  Closed sales were up by 2.5% (was up by 19.5% in February) while new sales under contract (new pending sales) increased by 1.2% (was up by 5.7% in February).

The median sales price decreased by 14.8% (up 71.3% in February) and the average sales price decreased by 7.7% (was up by 41.8% in February). Frankly, I don’t understand some of the wild price swings being reported for St. Lucie County and have asked those compiling the data to double check some of these figures..

The inventory of available townhouses and condos decreased by 4 units from last month to 684 properties, which is also down from last March by 26.5%. Current supply of inventory remained at 6.4 months, the same as February. This is 30% lower than last year. The St. Lucie County townhouse and condo market remains in a balanced market showing no advantage to either buyers or sellers.

March 2015 Monthly Market Detail St Lucie County Townhouses and Condos

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

March 2015 Monthly Market Detail St Lucie County Townhouses and Condos

March 2015 Monthly Market Detail St Lucie County Single Family Homes

04.29.15 by

March 2015 Monthly Market Detail St Lucie County Single Family Homes

March 2015 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors is showing some continued softening of the market, though prices continue to rise quite strongly.  Closed sales were up by 3.8% (in February they were down by 9.5%) and new sales under contract (new pending sales) decreased by 15% (they were down by 0.5% last month).

Both median and average sales prices continue their rise by 15.4% and 20.3% respectively from last March (For February these numbers were 15.2% and 18.9%).  These price increases, while good news for sellers, are having a negative effect on the volume of sales.

The inventory of active listings increased in March (from last month) by 94 homes to 1,733, and this is  lower than last year’s inventory by 22.4%.  The current supply of inventory is only 3.6 months (a 30.3% 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 there isn’t enough inventory available on the market.  This is also a factor of why prices are rising as rapidly as they are.  As prices continue to rise, I expect to see an increase of St Lucie County single family homes for sale coming on the market.

March 2015 Monthly Market Detail St Lucie County Single Family Homes

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

March 2015 Monthly Market Detail St Lucie County Single Family Homes

March 2015 Monthly Market Detail Martin County Townhouses and Condos

04.28.15 by

March 2015 Monthly Market Detail Martin County Townhouses and Condos

March 2015 Monthly Market Detail Martin County Townhouses and Condos came back strong for March after a fairly weak February.  Year to year closed sales were up by 21.7% (was up by 4.6% in February) as well as new sales under contract (new pending sales) increased by 22.1% from March 2014 (was up by 8.7% in February).

The median sales price was up by 13.2% (was up by 15.6% in February) while the average sales price increased by 7.8% (was up by 5.3% in February) as compared to March of 2014.  Continuing a trend of steady increases in values for Martin County.

The inventory of available townhouses and condos has decreased by 47 units to 461 properties from last month, this is 25.6% less inventory than was available in March of 2014.  For March there was a 4.2 month supply of inventory (a 32.3% 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.

Martin County Townhouses and Condos

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

March 2015 Monthly Market Detail Martin County Townhouses and Condos

March 2015 Monthly Market Detail Florida Townhouses and Condos

04.26.15 by

March 2015 Monthly Market Detail Florida Townhouses and Condos

The March 2015 Monthly Market Detail Florida Townhouses and Condos continued a second month of very strong activity after a weak start to 2015.  Closed sales were up by 13.7% as compared to last months increase of 7.4% and new sales under contract (new pending sales) increased by 6.5% (February’s increase was 7.5%).

Both median and average sales prices also continue to rise.  Increases of (year to year) 8.6% and 7.5% respectively (in February they were up by 8.3% and 6.6%).  Excellent gains for sellers in the Florida market.  Buyers should consider making their move earlier than later if at all possible.

The inventory increased by 2.1% for March.  This was the third month of increasing inventory after two months of flat numbers. For March 2015 we have a 6.1 months of inventory (was 6.2 months in February) which is up from 6.0 from last year.  Essentially a balanced real estate market as a 6 months inventory supply is considered a balanced market.

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:
March 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.

March 2015 Monthly Market Detail Florida Townhouses and Condos

March 2015 Monthly Market Detail Florida Single Family Homes

04.25.15 by

March 2015 Monthly Market Detail Florida Single Family Homes

The March 2015 Monthly Market Detail Florida Single Family Homes had some very impressive gains from last year.  Closed sales were up by 24.6% (was up by 19% in February) and new sales under contract (new pending sales) increased by 7% (was up by 14.7% in February).

Both median and average sales prices continue to rise ( March 2014 to March 2015) by 9.2% and 5.5% respectively, compared to February’s 9.1% and 0.7%.  Prices are continuing to rise, though we are seeing some moderation in some areas of Florida.

The inventory of available homes for sale rose by 0.6% from last year. This is now a full 18 months of increased inventory.  The rate of inventory increases has declined significantly from previous months and this is an important statistic to watch for the future. For this month there was only a 5.1 months supply of inventory, this is a sellers market with the advantage for sellers. (March of 2014 had a 5.3 month supply)

Florida Single Family Homes

Click here to view or download the full report:

March 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.

March 2015 Monthly Market Detail Florida Single Family Homes

Hobe Sound FL 33455 Condo Market Report March 2015

04.22.15 by

Hobe Sound FL 33455 Condo Market Report March 2015

 

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

 

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

 

There are currently 8 active condo listings. (Down by 11 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2015

9 Condo sale is pending and awaiting close. (Up by 4 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2015

4 Condos sold in February (Increased by 1 condo from February)

Hobe Sound FL 33455 Condo Market Report March 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory is at the lowest level that I have seen for Hobe Sound condos ever.  We have a greater number of pending sales than we have active listings!

The current absorption rate is 2 months (Last month it was 6.3 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 March not indicate 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 March 2014 numbers were: 22 active listings, 7 pending sales and 3 closed sales.  Much stronger activity this year, especially as a percentage of activity when compared to available listings.

Hobe Sound FL 33455 Condo Market Report March 2015

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Hobe Sound FL 33455 Condo Market Report March 2015

 

Suntide Condos on Hutchinson Island April 2015 Market Report

04.22.15 by

Suntide Condos on Hutchinson Island April 2015 Market Report

As of April 2015, there are 5 condos on the market in Suntide on Hutchinson Island in Stuart FL.  Listing prices range from $229,000 to $315,000 with an average list price of $274,000 which equals $231.48 per sq. ft. of living area.  None of these condos are distressed sales.  (No foreclosure, bank owned or short sales.)

There is one condo under contract and awaiting settlement.  It was listed for $198,000 which equates to $130.68 per sq. ft. of living area.  This is not a distressed sale.

There have been 6 condos sold in the past 12 months in Suntide.  The sales prices ranged from $183,000 to $305,000 for an average sales price of $230,750 which equals $177.39 per sq. ft. of living area.  All of these sales were conventional sales.

Suntide Condos on Hutchinson Island

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Suntide Condos on Hutchinson Island

Sun Deck of Suntide Condos

Located on Hutchinson Island in uncrowded and unspoiled Martin County, the  Suntide Building  is one of the premier ocean front condos in Stuart, Florida.  Boasting truly fine amenities with a protected pool, private beach access and hard to find under building protected parking.  There’s a full clubhouse with a fitness center, pool table, card room, library, full kitchen and reading room.
Suntide Condos on Hutchinson Island

Beach access for Suntide Condos

Suntide Condos on Hutchinson Island

Suntide has all two bedroom, two bath condos that come in four different configurations and sizes.  The largest of these feature an office, sitting room than can possibly double as an extra bedroom.  Many units have direct and unspoiled ocean views.  One of the best run associations in Stuart, this fine complex is always a desirable destination for those who have made it their permanent residence as well as those who enjoy it as a vacation get away.

Suntide Condos on Hutchinson Island

Entrance to Suntide Condos

Suntide Condos on Hutchinson Island

Fitness Room in Suntide Condos

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Suntide Condos on Hutchinson Island April 2015 Market Report

Hobe Sound FL 33455 Residential Market Report March 2015

04.21.15 by

Hobe Sound FL 33455 Residential Market Report March 2015

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

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

There are currently 222 active listings. (Down by 28 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2015

120 Residential sales are pending and awaiting close  (Up by 22 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2015

52 Homes Sold in March (Up by 17 homes from last month)

Hobe Sound FL 33455 Residential Market Report March 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County showed some very strong activity for March.  Both pending and closed sales rose, though unfortunately the inventory dropped, possibly effecting future activity with fewer choices for buyers.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased slightly to 4.3 months (7.1 months in February).  Back into a strong 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 March 2013 were:  298 active listings, 108 pending sales and 38 closed sales.   Much stronger activity this year.  Very impressive when the considerably lower inventory is factored in.

Hobe Sound FL 33455 Residential Market Report March 2015

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Hobe Sound FL 33455 Residential Market Report March 2015

Jensen Beach FL 34957 Condo Market Report March 2015

04.20.15 by

Jensen Beach FL 34957 Condo Market Report March 2015

 

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

 

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



There are currently 30 active listings. (Decreased by 10 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2015

21 Condo sales are pending and awaiting settlement. (Increased by 7 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2015

5 Condos Sold (Decreased by 4 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2015

 The Jensen Beach FL 34957 Condo Market Report March 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.   The inventory remains low, while pending sales (a sign of future activity) improved and closed sales decreased.

The one month absorption rate for the March 2015, Jensen Beach Florida Market Report ZIP Code 34957 rose to 6 months (from 4.4 months in February), back into a balanced market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The March 2014 numbers were: 23 active listings, 18 pending sales and 16 condos closed.  Not as strong a month as we had in March of 2014.

Jensen Beach FL 34957 Condo Market Report March 2015

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Jensen Beach FL 34957 Condo Market Report March 2015

Jensen Beach FL 34957 Residential Market Report March 2015

04.19.15 by

Jensen Beach FL 34957 Residential Market Report March 2015

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

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

 There are currently 142 active listings. (Down by 4 homes from last month)

Jensen Beach FL 34957 Residential Market Report March 2015

85 Residential sales are pending and awaiting close or lender approval. (Up by 14 homes from February)

Jensen Beach FL 34957 Residential Market Report March 2015

29 Homes Sold (Increased by 2 homes from February)

Jensen Beach FL 34957 Residential Market Report March 2015

The Jensen Beach FL 34957 Residential Market continues to show good strong activity with a strong increase in pending sales for this month and a slight drop in closed sales.  The available inventory also took a slight decrease.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 4.9 months (was 5.6 months in February).  Still in a sellers market for Jensen Beach home sales.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The March 2013 numbers were: 124 active listings, 97 pending sales and 29 home sales closed.   Similar activity to last year.  Though, interestingly Jensen Beach is one of the few areas in Martin County with increased inventory for 2015 as compared to last year.
Jensen Beach FL 34957 Residential Market Report March 2015

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Jensen Beach FL 34957 Residential Market Report March 2015

Hutchinson House April 2015 Market Update

04.19.15 by

 Hutchinson House April 2015 Market Update

Hutchinson House Condos for Sale and Sold ReportAs of April 2015, there are 5 condos on the market in Hutchinson House on Hutchinson Island in Stuart FL.  Listing prices range from $284,900 to $339,000 with an average price of $317,500 which equals $223.28 per sq. ft. of living area.

There are no condos currently under contract in Hutchinson House.

11 condos have sold in the past 12 months in Hutchinson House.  Sales prices ranged from $194,000 to $399,900 for an average of $273,572 or $212.67 per sq. ft. of living area.  There were no distressed properties (short sales or bank owned) in any of the above Hutchinson House condo listings or sales. Hutchinson House Condos for Sale and Sold Report Hutchinson House Condos for Sale and Sold ReportLocated on Hutchinson Island in uncrowded and unspoiled Martin County, the Hutchinson House Condo complex is an ocean to Intracoastal complex with a variety of styles and views offering wonderful amenities that include ocean access docks, club house, pools, spa/jacuzzi, tennis and a private beach.

Hutchinson House Condos for Sale and Sold ReportHutchinson House consists of 121 Condos, with the Ocean Side being Hutchinson House East and the river side is called Hutchinson House West.  Both sides offer 2 and 3 bedroom condos with 2 or more bathrooms.  Many with spectacular views of the river and the crystal clear blue waters of the Atlantic Ocean.

Hutchinson House Condos for Sale and Sold ReportThe Hutchinson House condos are one of the few condo developments that is pet friendly and allows for up to 2 large pets.  For currently available Hutchinson House condos please call or view the search link below.

 

 

 

 

 

 

Palm City FL 34990 Condo Market Report March 2015

04.18.15 by

Palm City FL 34990 Condo Market Report March 2015

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

 

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



There are currently 48 active condo listings. (Down by 6 condos from February)

Palm City FL 34990 Condo Market Report March 2015

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

Palm City FL 34990 Condo Market Report March 2015

6 Condos Sold in March. (Up by 2 condos from February)

Palm City FL 34990 Condo Market Report March 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Both pending and closed sales were up for March while our inventory of available condos for sale continues to shrink.

The current absorption rate for condos in the 34990 zip code area declined to 8 months (was 13.5 months in August).   An improvement from last month, and approaching a balanced 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 March 2013 numbers were: 57 active listings, 5 pending sales and 1 closed sales.   Considerably better activity for this year, even with the reduced inventory of available condos for sale.
 Palm City FL 34990 Condo Market Report March 2015

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Palm City FL 34990 Condo Market Report March 2015

Palm City FL 34990 Residential Market Report March 2015

04.17.15 by

Palm City FL 34990 Residential Market Report March 2015

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

 

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


There are currently 435 active listings (Decreased by 15 homes from February)

Palm City FL 34990 Residential Market Report March 2015

  188 Residential sales are pending and awaiting close or lender approval. (Increased by 24 homes from last month)

Palm City FL 34990 Residential Market Report March 2015

68 Homes Sold in February (Increased by 13 sold homes from February)

Palm City FL 34990 Residential Market Report March 2015

The Palm City FL 34990 residential real estate rebounded for March with some strong gains in both pending and closed sales.  Unfortunately, a decrease in inventory bringing us below last years levels.
 The current absorption rate dropped to 6.4 months from 8.2 months in February. Back into a balanced buyer’s market for Palm City residential real estate market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The March 2013 numbers were:  440 active listings, 169 pending sales and 48 closed sales.  Considerably stronger activity for 2015 than as compared to last year, which started out fairly slow after a very heated 2013.

Palm City FL 34990 Residential Market Report March 2015

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Palm City FL 34990 Residential Market Report March 2015

Stuart FL 34997 Condo Market Report March 2015

04.15.15 by

Stuart FL 34997 Condo Market Report March 2015

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

 

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

There are currently 43 active condo listings (Down by 1 condo from February).

Stuart FL 34997 Condo Market Report March 2015

31 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from February).

Stuart FL 34997 Condo Market Report March 2015

15 Condos Sold in March (Increased by 2 condos from February).

Stuart FL 34997 Condo Market Report March 2015

The Stuart FL condo market for zip code 34997 is showing very strong sales activity.  Unfortunately the available inventory of condos for sale is now very low and will impact future sales.  For this month, both closed and pending sales activity increased.
The one month absorption rate is now a very striking 2.9 months after last months amazing 3.4 month rate.  Continuing as an extreme seller’s market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The March 2013 numbers were: 90 active listings, 45 pending sales and 10 closed sales.   Strong activity as compared to last year, but with less than half of the available inventory of condos for sale in this zip code.

Stuart FL 34997 Condo Market Report March 2015

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

 

 

Stuart FL 34997 Condo Market Report March 2015

04.15.15 by

Stuart FL 34997 Condo Market Report March 2015

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

 

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

There are currently 43 active condo listings (Down by 1 condo from February).

Stuart FL 34997 Condo Market Report March 2015

31 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from February).

Stuart FL 34997 Condo Market Report March 2015

15 Condos Sold in March (Increased by 2 condos from February).

Stuart FL 34997 Condo Market Report March 2015

The Stuart FL condo market for zip code 34997 is showing very strong sales activity.  Unfortunately the available inventory of condos for sale is now very low and will impact future sales.  For this month, both closed and pending sales activity increased.
The one month absorption rate is now a very striking 2.9 months after last months amazing 3.4 month rate.  Continuing as an extreme seller’s market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The March 2013 numbers were: 90 active listings, 45 pending sales and 10 closed sales.   Strong activity as compared to last year, but with less than half of the available inventory of condos for sale in this zip code.

Stuart FL 34997 Condo Market Report March 2015

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

 

 

Stuart FL 34997 Residential Market Report March 2015

04.14.15 by

Stuart FL 34997 Residential Market Report March 2015

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

 

There are currently 351 active listings (Decreased by 21 homes from February).

Stuart FL 34997 Residential Market Report March 2015

211 Residential sales are pending and awaiting close or lender approval (Increased by 9 homes from February).

Stuart FL 34997 Residential Market Report March 2015

87 Homes Sold in March (Increased by 15 homes from February)

Stuart FL 34997 Residential Market Report March 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.  The inventory gain we had in February has now been erased for March.  Solid increases in both pending and closed sales.
     The current one month absorption rate increased to 4  months (was 5.2 months for February).  A very strong 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 2013 numbers for March, were: 416 active listings, 192 pending listings and 98 closed sales.  Considering the reduced inventory from last year, better activity for 2015.
Stuart FL 34997 Residential Market Report March 2015

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Stuart FL 34997 Residential Market Report March 2015

 

Stuart FL 34996 Condo Market Report March 2015

04.13.15 by

Stuart FL 34996 Condo Market Report March 2015

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

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

There are currently 110 active condo listings (Down by 12 condos from last month).

Stuart FL 34996 Condo Market Report March 2015

61 Condo sales are pending and awaiting close or lender approval (Increased by 1 condos from February).

Stuart FL 34996 Condo Market Report March 2015

36 Condos Sold in March (Increased by 11 condos from February) 

Stuart FL 34996 Condo Market Report March 2015

The Stuart FL 34996 Condo Market was very strong for March.  This is the height of our condo season for those purchasing second home getaways from the cold and snowy conditions up north as well as those moving here permanently for a more relaxed and convenient Florida lifestyle.  Sales and pending sales both increased and remained strong.  Unfortunately our inventory is down to historically low levels.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 3.1 months from February’s 4.9 months .  Moving to a pretty extreme sellers’ market for March.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for March 2013 were: 150 active listings, 55 pending sales and 34 closed sales.  Even with close to 30% less inventory, there was better sales and pending activity for this year as opposed to March 2014.

Stuart FL 34996 Condo Market Report March 2015

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Stuart FL 34996 Condo Market Report March 2015

Stuart FL 34996 Residential Market Report March 2015

04.12.15 by

Stuart FL 34996 Residential Market Report March 2015

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

 

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

 

There are currently 166 active listings (Up by 8 homes from February).

Stuart FL 34996 Residential Market Report March 2015

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

Stuart FL 34996 Residential Market Report March 2015

21 Homes Sold in March (Increased by 9 homes from February).

Stuart FL 34996 Residential Market Report March 2015

The 34996 zip code area of the Stuart Florida residential real estate market continues to show improvement from a fairly anemic beginning of the year for 2015, though there’s still more room for improvement.   Increase closed sales as well as inventory, along with a small decrease in pending sales for March.

The one month absorption rate for the 34996 zip code area of Stuart Florida for March decreased to 7.9 months as compared to February’s 13.2 months.  Still a buyers’ market, though the trend is towards a balanced market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for March of 2013 were: 162 active listings, 47 pending sales and 15 closed sales.  We experienced more  closed sales  this year, but the pending (future) sales activity was better last year.

Stuart FL 34996 Residential Market Report March 2015

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Stuart FL 34996 Residential Market Report March 2015