Stuart FL 34994 Condo Market Report March 2015

04.10.15 by

Stuart FL 34994 Condo Market Report March 2015

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

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

 

There are currently 95 active condo listings (Same number of condos from February).

Stuart FL 34994 Condo Market Report March 2015

46 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from last month) 

Stuart FL 34994 Condo Market Report March 2015

19 Condos Sold in March (Up by 7 condos from February).

Stuart FL 34994 Condo Market Report March 2015

The Stuart FL 34994 Condo market showed strong activity for March 2015.  The inventory remained stable while pending sales also remained similar, though very strong.  Closed sales were up.

The one month absorption rate decreased to 5 months compared to last month’s 7.9.  Back into 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 March the numbers were 111 active listings, 55 pending sales, and 13 closed sales.  Considerably less inventory for this year compared to 2014, but closed sales are greater this year, while pending sales are lower.

Stuart FL 34994 Condo Market Report March 2015

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

Stuart Florida Market Report ZIP Code 34994 Residential March 2015

04.09.15 by

Stuart Florida Market Report ZIP Code 34994 Residential March 2015

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

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

There are currently 76 active listings (Decreased by 13 homes from February)

Stuart Florida Market Report ZIP Code 34994 Residential March 2015

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

 Stuart Florida Market Report ZIP Code 34994 Residential March 2015

16 Homes Sold in February (Up by 5 homes from February)

Stuart Florida Market Report ZIP Code 34994 Residential March 2015

The 34994 ZIP code area of the Stuart, Florida showed some excellent activity for the month.  Both pending and closed sales increased very nicely.  Unfortunately, the active inventory is down and may impact future market activity as there is just not enough homes to choose from.

The one month absorption rate for the 34994 zip code for March decreased to 4.8 months from last months 8.1 months, transitioning into a strong seller’s market for March.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The March 2013 numbers were 80 Active Listings, 35 pending sales and 10 closed sales.  A little better sold activity for this year, but this comes with increased inventory as compared to last year.  Considerably better activity for 2015 as compared to last March.

Stuart Florida Market Report ZIP Code 34994 Residential March 2015

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential March 2015

Sewalls Point Single Family Market Report March 2015

04.08.15 by

Sewalls Point Single Family Market Report March 2015

Sewalls Point Real Estate Snapshot, Residential Sales for March 2015

 

There are currently 72 active listings (Increased by 4 homes since last month)

Sewalls Point Single Family Market Report March 2015

17 home sales are pending and awaiting close or lender approval (Up by 9 homes from February)

Sewalls Point Single Family Market Report March 2015

3 Homes sold in March (Unchanged from February)

Sewalls Point Single Family Market Report March 2015

The Sewalls Point single family homes market activity continues to have some difficulties, though there is some glimmer of better activity to come with a large increase in pending sales for this month.  Closed sales remained unchanged and the inventory was up by four homes.

The current absorption rate rose to 24 months, in February it was 22.7 months.  Sewalls Point single family home sales remain in an extreme buyers market for March.  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 March of 2013, the inventory was 61 homes on the market, 17 pending sales and there were 4 closed sales.  Very similar sales activity as compared to last year, but with greater inventory this year.

Sewalls Point Single Family Market Report March 2015

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Sewalls Point Single Family Market Report March 2015

 

Maritimes April 2015 Market Update

04.05.15 by

Maritimes April 2015 Market Update

As of April 2015, there are 3 condos on the market in the Maritimes Condos and Townhomes on Hutchinson Island in Stuart FL.  Listing prices range from $214,900 to $685,000 with an average list price of $399.633 which equals $228.12 per sq. ft. of living area.  None of these condos are distressed sales.  (No foreclosure, bank owned or short sales.)

There is 1 condo pending and awaiting settlement.  The list price is $299,500 which equates to $148.64 per sq. ft. of living area.

There have been 3 condos sold in the past 12 months in the Maritimes.  The sales prices ranged from $200,000 to $381,500 for an average sales price of $307,833 which is equal to $190.12 per sq. ft. of living area and these sales were at 93% of the listing price.  Interestingly, the highest priced sale in the past 12months was a bank owned foreclosure.  There were no other distressed sales.

Maritime Condos and Townhomes on Hutchinson Island

Entrance to the Maritimes

 

Maritime Condos and Townhomes on Hutchinson Island

Beach Access at the Maritimes

The Maritimes is one of the prime ocean to river communities on South Hutchinson Island in Stuart, FL.  Offering larger than normal homes on both the river and Oceanside settings.  The riverside (or Maritimes West has a lovely private sand beach with kayak storage for those not wishing to play in the surf or for those days when the it’s a bit windy on the beach side.  The Oceanside (Maritimes East) has private beach access as well as a heated pool when you’re finished frolicking in the crystal clear waters of the Atlantic Ocean.

 

Maritime Condos and Townhomes on Hutchinson Island

Docks of the Maritimes

Maritime Condos and Townhomes on Hutchinson Island

Views from the Maritimes

The Maritimes condos were constructed between 1975 and 1988.  With the oceanfront units being built first.  Living square footage range from just under 1300 sq. ft. 2 Bedroom condos to over 2100 sq. ft .condos and townhouses with 3 Bedrooms plus dens and a garage.

Maritime Condos and Townhomes on Hutchinson Island

Kayak Storage at the Maritimes

Maritime Condos and Townhomes on Hutchinson Island

River views from the Maritimes

Maritime Condos and Townhomes on Hutchinson Island

Tennis Court of the Maritimes


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Maritimes April 2015 Market Update

February 2015 Monthly Market Detail St Lucie County Townhouses and Condos

03.31.15 by

February 2015 Monthly Market Detail St Lucie County Townhouses and Condos

The February 2015 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors rebounded for February after a fairly weak start for 2015. Closed sales was up by 19.5% (was down by 1.2% in January) while new sales under contract (new pending sales) increased by 5.7% (was up by 15.9% in January).

The median sales price was up by 71.3% (up 3.9% in January) and the average sales price increased by 41.8% (was down by 10.1% in January). Prices for townhouses and condos in the St Lucie County market have been erratic for the past few months. Though for this month, these are some very significant price gains.

The inventory of available townhouses and condos decreased by 6 units from last month to 688 properties, which is also down from last February by 26.9%. Current supply of inventory decreased to 6.4 months from January, which was 6.6 months. This is 29.4% lower than last year. The St. Lucie County townhouse and condo market is in a balanced market showing no advantage to either buyers or sellers.

February 2015 Monthly Market Detail St Lucie County Townhouses and Condos

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

February 2015 Monthly Market Detail St Lucie County Townhouses and Condos

February 2015 Monthly Market Detail St Lucie County Single Family Homes

03.30.15 by

February 2015 Monthly Market Detail St Lucie County Single Family Homes

February 2015 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors is showing reduced activity as compared to last year, though prices continue to rise.  Closed sales were down by 9.5% (in January they were unchanged from last year) and new sales under contract (new pending sales) decreased by 0.5% (they were down by 5.7% last month).

Both median and average sales prices continue their rise by 15.2% and 18.9% respectively from last February (For January these numbers were 23.4% and 17.9%).  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 February (from last month) by 79 homes to 1,827, but this is still lower than last year’s inventory by 21.3%. The current supply of inventory is only 3.8 months (a 29.5% decrease from last year). The Saint Lucie County single family home market remains in a very strong sellers market.

February 2015 Monthly Market Detail St Lucie County Single Family Homes

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

February 2015 Monthly Market Detail St Lucie County Single Family Homes

February 2015 Monthly Market Detail Martin County Townhouses and Condos

03.29.15 by

February 2015 Monthly Market Detail Martin County Townhouses and Condos

February 2015 Monthly Market Detail Martin County Townhouses and Condos did not perform as strongly as last month, but still showed nice gains  in most segments.  Year to year closed sales were up by 4.6% (was up by 23.6% in January) as well as new sales under contract (new pending sales) increased by 8.7% from February 2014 (was up by 19% in January).

The median sales price was up by 15.6% (was up by 7.5% in January) while the average sales price increased by 5.3% (was down by 2.2% in January) as compared to February of 2014.  Back into a higher rate of increases as compared to the past two or three months .

The inventory of available townhouses and condos has decreased by 6 units to 508 properties from last month, this is 22.1% less inventory than was available in February of 2014.  For February there was a 4.7 month supply of inventory (a 25.4% decrease from last year).  A strong sellers market for townhouses and condos in Martin County for February 2015 with a definite need for more inventory of active listings.

February 2015 Monthly Market Detail Martin County Townhouses and Condos

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

February 2015 Monthly Market Detail Martin County Townhouses and Condos

February 2015 Monthly Market Detail Florida Townhouses and Condos

03.27.15 by

February 2015 Monthly Market Detail Florida Townhouses and Condos

The February 2015 Monthly Market Detail Florida Townhouses and Condos for the state of Florida showed some excellent gains after a weak start to 2015.  Closed sales were up by 7.4% as compared to last months decrease of 11.3% and new sales under contract (new pending sales) increased by 7.5% (January’s decrease was 0.8%).

Both median and average sales prices, however, continue to rise.  Increases of (year to year) 8.3% and 6.6% respectively (in January they were up by 5.4% and 3.2%).  Once again picking up momentum to fairly hgh year to year increased rates.

The inventory increased by 3% for February.  This was the second month of increasing inventory after two months of flat numbers. For February 2015 we have a 6.2 months supply of inventory (was also 6.2 months in January) which is up from 6.1% from last year.  A 6 months inventory supply is considered a balanced market.  The townhouse and condo market for Florida continues to lag in performance from the single family real estate market.

February 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:
February 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.

February 2015 Monthly Market Detail Florida Townhouses and Condos

February 2015 Monthly Market Detail Florida Single Family Homes

03.26.15 by

February 2015 Monthly Market Detail Florida Single Family Homes

The February 2015 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors continues to show  improvement from last years results. Closed sales were up by 19% (was up by 10% in January) and new sales under contract (new pending sales) increased by 14.7% (was up by 10.5% in January).

Both median and average sales prices continue to rise ( February 2014 to February 2015) by 9.1% and 0.7% respectively, compared to January’s 7.9% and 7.4%.  Home prices continue to rise, though we are expecting some moderation in the rate in the near future.

The inventory of available homes for sale rose by 2.1% from last year. This is now a full 17 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 5.3 months supply of inventory, this is a sellers market with the advantage for sellers. (February of 2014 had a 5.7 month supply)

February 2015 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

February 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.

February 2015 Monthly Market Detail Florida Single Family Homes

Hobe Sound FL 33455 Condo Market Report February 2015

03.22.15 by

Hobe Sound FL 33455 Condo Market Report February 2015

 

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

 

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

 

There are currently 19 active condo listings. (Up by 2 condos from January)

Hobe Sound FL 33455 Condo Market Report February 2015

5 Condo sale is pending and awaiting close. (Up by 2 condos from January)

Hobe Sound FL 33455 Condo Market Report February 2015

3 Condos sold in January (Unchanged from January)

Hobe Sound FL 33455 Condo Market Report February 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory rose for February for the third month in a row.  A welcome sight.   Pending sales also rose while closed sales remained unchanged.

The current absorption rate is 6.3 months (Last month it was 5.7 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 February 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 February 2014 numbers were: 23 active listings, 3 pending sales and 3 closed sales.  Similar activity to last year.

Hobe Sound FL 33455 Condo Market Report February 2015

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Hobe Sound FL 33455 Condo Market Report February 2015

 

Moon River Jensen Beach March 2015 Market Update

03.22.15 by

Moon River Jensen Beach March 2015 Market Update

As of March 2015, there are 2 homes on the market in Moon River on the Jensen Beach Causeway of Hutchinson Island FL.  Listing prices are $309,000 and $450,000 for an average list price of $379,500 which equates to $214.88 per sq. ft. of living area. Neither of these listings are distressed properties.

There are no Moon River homes currently pending (under contract).

There have been 5 homes sold in the past 12 months in Moon River.  Sales prices ranged from $230,000 to $414,900 for an average sales price of $315,180 which equals $190.42 per sq. ft. of living area and averaged 93% of list price. None of these completed sales were distressed properties.

Moon River on Hutchinson Island in Jensen Beach

Moon River is a community of 51 attached and 3 detached homes that were built from 1998 to 2003. This is a gated waterfront community with ocean access docks as well as a community pool and clubhouse. Two tennis courts are also available and shared with the neighboring community of Fairwinds Cove.

Moon River on Hutchinson Island in Jensen Beach
Home sizes range from 3 Bedroom, 3 bathroom two story homes with over 2.700 sq. ft. of living area down to 2 Bedroom, 2 bathroom, 1 story homes of just under 1,400 sq. ft. of living space. Most of these homes have 2 car garages with a few actually offering covered parking for up to 4 cars. 

Moon River on Hutchinson Island in Jensen Beach
This is a pet friendly community allowing for up to two pets that are no larger than 50 lbs. HOA fees at the time of this post were $343 per month (payable quarterly). 
Moon River lies on the east side of the Jensen Beach Causeway in Martin County Florida. It’s only a short walk or bike ride to the public beach on the Atlantic Ocean. It’s also close to shopping, restaurants and the remaining wonderful amenities that Martin County has to offer.

Moon River on Hutchinson Island in Jensen BeachMoon River is an excellent choice for both full time residents and for those wishing to have their winter oasis away from the cold north.

Moon River on Hutchinson Island in Jensen Beach

The current Martin County Schools for Sugar Hill are Jensen Beach Elementary School, Stuart Middle School and Jensen Beach High School

Here are the currently available homes in Moon River in Jensen Beach

 For any questions you may have about March 2015 Market Report for Moon River in Jensen Beach, please call the Gabe Sanders BlueWater Realty team at 772-323-6996 or Contact Us Here

Jensen Beach Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Moon River Jensen Beach March 2015 Market Update

Hobe Sound FL 33455 Residential Market Report February 2015

03.21.15 by

Hobe Sound FL 33455 Residential Market Report February 2015

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

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

There are currently 250 active listings. (Up by 19 homes from January)

Hobe Sound FL 33455 Residential Market Report February 2015

98 Residential sales are pending and awaiting close  (Up by 31 homes from January)

Hobe Sound FL 33455 Residential Market Report February 2015

35 Homes Sold in February (Up by 2 homes from last month)

Hobe Sound FL 33455 Residential Market Report February 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County showed some improvement for February after a somewhat slower start for the year.  The largest jump was in pending sales which should result in some very strong sales activity in the next month or two.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased slightly to 7.1 months (7 months in January).  Just a little shy of a balanced market for Hobe Sound.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for February 2013 were:  289 active listings, 98 pending sales and 26 closed sales.   Considerably better activity with the lower number of active homes available on the market.

Hobe Sound FL 33455 Residential Market Report February 2015

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Hobe Sound FL 33455 Residential Market Report February 2015

Jensen Beach FL 34957 Condo Market Report February 2015

03.20.15 by

Jensen Beach FL 34957 Condo Market Report February 2015

 

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

 

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



There are currently 40 active listings. (Unchanged from January)

Jensen Beach FL 34957 Condo Market Report February 2015

14 Condo sales are pending and awaiting settlement. (Decreased by 5 condos from January)

Jensen Beach FL 34957 Condo Market Report February 2015

9 Condos Sold (No change from January)

Jensen Beach FL 34957 Condo Market Report February 2015

 The Jensen Beach FL 34957 Condo Market Report February 2015 remains a small sector as far as condos in Martin County.  Market activity for February remained almost identical to January with the exception of a decrease in pending sales, which may negatively effect closed sales in the coming months.

The one month absorption rate for the February 2015, Jensen Beach Florida Market Report ZIP Code 34957 remained unchanged at 4.4 months (also 4.4 months in January).  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The February 2014 numbers were: 27 active listings, 20 pending sales and 6 condos closed.  Better activity this year, but also increased inventory, though still very low.

Jensen Beach FL 34957 Condo Market Report February 2015

Jensen Beach Condominium Properties by Price


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Jensen Beach FL 34957 Condo Market Report February 2015

Jensen Beach FL 34957 Residential Market Report February 2015

03.19.15 by

Jensen Beach FL 34957 Residential Market Report February 2015

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

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

 There are currently 146 active listings. (Down by 7 homes from last month)

Jensen Beach FL 34957 Residential Market Report February 2015

85 Residential sales are pending and awaiting close or lender approval. (Up by 20 homes from January)

Jensen Beach FL 34957 Residential Market Report February 2015

26 Homes Sold (Decreased by 2 homes from January)

Jensen Beach FL 34957 Residential Market Report February 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 increased slightly to 5.6 months (was 5.5 months in January).  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 February 2013 numbers were: 144 active listings, 82 pending sales and 26 home sales closed.   Almost identical activity to last year’s February numbers.
Jensen Beach FL 34957 Residential Market Report February 2015

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

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Jensen Beach FL 34957 Residential Market Report February 2015

Palm City FL 34990 Condo Market Report February 2015

03.18.15 by

Palm City FL 34990 Condo Market Report February 2015

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

 

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



There are currently 54 active condo listings. (Down by 5 condos from January)

Palm City FL 34990 Condo Market Report February 2015

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

Palm City FL 34990 Condo Market Report February 2015

4 Condos Sold in February. (Up by 1 condo from January)

Palm City FL 34990 Condo Market Report February 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Sales for Palm City condos were up slightly for February, as were pending sales.  Our active inventory is currently less than last year’s.

The current absorption rate for condos in the 34990 zip code area is 13.5 months (was 19.7 months in August).   An improvement from last month, but still have a ways to go for 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 February 2013 numbers were: 63 active listings, 6 pending sales and 6 closed sales.   Better activity last year, though only slightly and there was greater inventory.
 Palm City FL 34990 Condo Market Report February 2015

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Palm City FL 34990 Condo Market Report February 2015

Palm City FL 34990 Residential Market Report February 2015

03.17.15 by

Palm City FL 34990 Residential Market Report February 2015

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

 

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


There are currently 450 active listings (Increased by 7 homes from January)

Palm City FL 34990 Residential Market Report February 2015

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

Palm City FL 34990 Residential Market Report February 2015

55 Homes Sold in January (No change in sold homes from January)

Palm City FL 34990 Residential Market Report February 2015

The Palm City FL 34990 residential real estate continued with some fairly sluggish sold numbers while pending sales remain quite strong, so I’m anticipating a return to a more balanced market soon.  The inventory also rose for the second month in a row, giving buyers more choices of homes.
 The current absorption rate jumped to 8.2 months from 8.1 months in January. The second month in a row of a buyer’s market for Palm City residential real estate.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The February 2013 numbers were:  472 active listings, 131 pending sales and 49 closed sales.  Better 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 February 2015

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Palm City FL 34990 Residential Market Report February 2015

Stuart FL 34997 Condo Market Report February 2015

03.15.15 by

Stuart FL 34997 Condo Market Report February 2015

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

 

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

There are currently 44 active condo listings (Unchanged from January).

Stuart FL 34997 Condo Market Report February 2015

25 Condo sales are pending and awaiting close or lender approval (Increased by 8 condos from January).

Stuart FL 34997 Condo Market Report February 2015

13 Condos Sold in February (Increased by 2 condos from January).

Stuart FL 34997 Condo Market Report February 2015

The Stuart FL condo market for zip code 34997 continues to show very strong activity while inventory levels remain at uncomfortably low levels.  For February 2015, both closed and pending sales saw increase.
The one month absorption rate dropped again to 3.4 months after last months amazing 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 February 2013 numbers were: 91 active listings, 37 pending sales and 9 closed sales.   We have less than half of last years’ condo inventory for the 34997 zip code area of Stuart FL.  Yest activity is almost as robust as last year.  This is a very strong market for sellers and prices are being driven up by demand while there’s little supply.

Stuart FL 34997 Condo Market Report February 2015

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

 

 

Stuart FL 34997 Residential Market Report February 2015

03.14.15 by

Stuart FL 34997 Residential Market Report February 2015

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

 

There are currently 373 active listings (Increased by 25 homes from January).

Stuart FL 34997 Residential Market Report February 2015

202 Residential sales are pending and awaiting close or lender approval (Increased by 4 homes from January).

Stuart FL 34997 Residential Market Report February 2015

72 Homes Sold in February (Decreased by 4 homes from January)

Stuart FL 34997 Residential Market Report February 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.  We had a significant increase in inventory for February, though still under last years level.  Continued strong pending and closed numbers even if slightly off from last month.
     The current one month absorption rate increased to 5.2  months (was 4.6 months for January).  Still a sellers market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2013 numbers for February, were: 424 active listings, 184 pending listings and 63 closed sales.  For the first two months of 2015, activity has been superior to last year.
Stuart FL 34997 Residential Market Report February 2015

Search here for 34997 Zip Code of Stuart FL real estate for sale

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Stuart FL 34997 Residential Market Report February 2015

 

Stuart FL 34996 Condo Market Report February 2015

03.13.15 by

Stuart FL 34996 Condo Market Report February 2015

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

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

There are currently 122 active condo listings (Down by 3 condos from last month).

Stuart FL 34996 Condo Market Report February 2015

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

Stuart FL 34996 Condo Market Report February 2015

25 Condos Sold in February (Increased by 2 condos from January) 

Stuart FL 34996 Condo Market Report February 2015

The Stuart FL 34996 Condo Market continues to show strong results for 2015.  My biggest concern is the continued decrease in inventory from last year.  This is somewhat surprising as prices are going up and I would have thought more condo owners would be listing during our peak season.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 4.9 months from January’s 5.4 months .  Moving to an even stronger sellers’ market for February.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for February 2013 were: 171 active listings, 52 pending sales and 30 closed sales.  When the decreased inventory for this year is factored into the data, the sales activity is better this year by percentage of available condos.

Stuart FL 34996 Condo Market Report February 2015

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Stuart FL 34996 Condo Market Report February 2015

Stuart FL 34996 Residential Market Report February 2015

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Stuart FL 34996 Residential Market Report February 2015

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

 

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

 

There are currently 158 active listings (Down by 2 homes from January).

Stuart FL 34996 Residential Market Report February 2015

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

Stuart FL 34996 Residential Market Report February 2015

12 Homes Sold in February (Increased by 5 homes from January).

Stuart FL 34996 Residential Market Report February 2015

The 34996 zip code area of the Stuart Florida residential real estate market rebounded a bit from a very poor start in January, though there’s still more room for improvement.   Increase closed sales along with a small decrease in pending sales and inventory for February.

The one month absorption rate for the 34996 zip code area of Stuart Florida for February increased to 13.2 months as compared to January’s 22.9 months.  A huge buyers’ market, though I suspect this will be a short time phenomenon.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for February of 2013 were: 152 active listings, 40 pending sales and 6 closed sales.  Very similar activity to Feb. 2014.  No significant differences other than double the number of closed sales.

Stuart FL 34996 Residential Market Report February 2015

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Stuart Florida Real Estate presented by:

the Gabe Sanders real estate team

Stuart FL 34996 Residential Market Report February 2015