Stuart FL 34997 Residential Market Report January 2015

02.14.15 by

Stuart FL 34997 Residential Market Report January 2015

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

 

There are currently 348 active listings (Increased by 11 homes from December).

Stuart FL 34997 Residential Market Report January 2015

198 Residential sales are pending and awaiting close or lender approval (Increased by 21 homes from December).

Stuart FL 34997 Residential Market Report January 2015

76 Homes Sold in January (Decreased by 3 homes from December)

Stuart FL 34997 Residential Market Report January 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 is lower than last year, though it did increase some from December.  Pending sales had a nice increase and only a small decrease in closed sales from last month.
     The current one month absorption rate dropped to 4.6  months (was 4.3 months for December).  Still a strong 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 January, were: 424 active listings, 149 pending listings and 51 closed sales.  Considerably better activity for the beginning of 2015 as compared to last year.
Stuart FL 34997 Residential Market Report January 2015

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

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Stuart FL 34997 Residential Market Report January 2015

 

Stuart FL 34996 Condo Market Report January 2015

02.13.15 by

Stuart FL 34996 Condo Market Report January 2015

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

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

There are currently 125 active condo listings (Down by 17 condos from last month).

Stuart FL 34996 Condo Market Report January 2015

60 Condo sales are pending and awaiting close or lender approval (Increased by 13 condos from December).

Stuart FL 34996 Condo Market Report January 2015

23 Condos Sold in January (Increased by 2 condos from December) 

Stuart FL 34996 Condo Market Report January 2015

The Stuart FL 34996 Condo Market is one of the bright spots for Martin County’s real estate market for January.  Nice increases in both pending and closed sales while many other segments of the January market were off this year.  Unfortunately our inventory of available condos is decreasing as well.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 5.4 months from December’s 6.8 months .  Again back to a sellers’ market for January.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for January 2013 were: 171 active listings, 49 pending sales and 15 closed sales.  Considerably better activity this year even with a greatly reduced inventory.

Stuart FL 34996 Condo Market Report January 2015

Search Stuart FL Condos by Price Below:

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report January 2015

Stuart FL 34996 Residential Market Report January 2015

02.12.15 by

Stuart FL 34996 Residential Market Report January 2015

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

 

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

 

There are currently 160 active listings (Down by 16 homes from December).

Stuart FL 34996 Residential Market Report January 2015

41 Residential sales are pending and awaiting close or lender approval (Up by 19 homes from December).

Stuart FL 34996 Residential Market Report January 2015

7 Homes Sold in January (Decreased by 17 homes from December).

Stuart FL 34996 Residential Market Report January 2015

The 34996 zip code area of the Stuart Florida residential real estate market started off with greatly decreased closed activity from previous months.  Though, the bright note is also greater pending activity, which should equate to much better closed sales coming in the next few months.  The inventory was down, which also came as a surprise.

The one month absorption rate for the 34996 zip code area of Stuart Florida for January increased to 22.9 months as compared to December’s 7.3 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 January of 2013 were: 146 active listings, 33 pending sales and 17 closed sales.  Better closed activity last year, though the greater pending numbers and inventory is a good sign for later performance.

Stuart FL 34996 Residential Market Report January 2015

 Search here for real estate in the 34996 Zip Code of Stuart FL

Stuart Florida Real Estate presented by:

the Gabe Sanders real estate team

Stuart FL 34996 Residential Market Report January 2015

Stuart FL 34994 Condo Market Report January 2015

02.11.15 by

Stuart FL 34994 Condo Market Report January 2015

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

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

 

There are currently 111 active condo listings (Up by 16 condos from December).

Stuart FL 34994 Condo Market Report January 2015

35 Condo sales are pending and awaiting close or lender approval. (Increased by 6 condos from last month) 

Stuart FL 34994 Condo Market Report January 2015

9 Condos Sold in January (Down by 1 condos from December).

Stuart FL 34994 Condo Market Report January 2015

The Stuart FL 34994 Condo market continued a bit of a slide for January.  We did get a nice jump in inventory which often happens for condos as we approach the snowbird season in South Florida.  A small increase in pending sales was also welcome, though closed sales are not keeping pace with the market at least for January.

The one month absorption rate increased to 12.3 months compared to last month’s 9.5.  Further into a buyers market after several months of being in a sellers 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 January the numbers were 121 active listings, 46 pending sales, and 12 closed sales.  Overall, less activity for this year when compared to 2014.

Stuart FL 34994 Condo Market Report January 2015

Search for Stuart FL Condos by Price Below:

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

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

Stuart Florida Market Report ZIP Code 34994 Residential January 2015

02.10.15 by

Stuart Florida Market Report ZIP Code 34994 Residential January 2015

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

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

There are currently 85 active listings (Down by 4 homes from December)

Stuart Florida Market Report ZIP Code 34994 Residential January 2015

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

 Stuart Florida Market Report ZIP Code 34994 Residential January 2015

9 Homes Sold in December (Down by 3 homes from December)

Stuart Florida Market Report ZIP Code 34994 Residential January 2015

The 34994 ZIP code area of the Stuart, Florida had a small decrease in inventory for the beginning of 2015.  Unfortunately sales were off by 3 homes, though we had a sizable increase in pending sales which should translate to higher sales numbers in the coming months.

The one month absorption rate for the 34994 zip code for January increased to 9.9 months from last months 7.4 months, back to a strong buyers market for January.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The January 2013 numbers were 67 Active Listings, 34 pending sales and 10 closed sales.  This area of Stuart FL continues with higher inventory figures from last year.   Fairly close market activity to January of last year.

Stuart Florida Market Report ZIP Code 34994 Residential January 2015

Search here for Stuart Florida Real Estate for Sale

 

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Stuart, FL Real Estate

Rental Properties

Condominium Properties

Vacant Land Properties

Commercial Properties

Residential Properties

 

Stuart Florida Market Report ZIP Code 34994 Residential January 2015

Sewalls Point Single Family Market Report January 2015

02.09.15 by

Sewalls Point Single Family Market Report January 2015

Sewalls Point Real Estate Snapshot, Residential Sales for January 2015

 

There are currently 58 active listings (No change since last month)

Sewalls Point Single Family Market Report January 2015

10 home sales are pending and awaiting close or lender approval (Up by two homes from December)

Sewalls Point Single Family Market Report January 2015

3 Homes sold in January (Decreased by 2 home from December)

Sewalls Point Single Family Market Report January 2015

The Sewalls Point single family homes market activity continues to have some difficulties. The inventory remains at a good level and pending sales were up a bit for January, but only three sales for last month.

The current absorption rate is 19.3 months, in December it was 11.6 months.  Sewalls Point single family home sales remain in a pretty extreme buyers market for January.  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 January of 2013, the inventory was 54 homes on the market, 4 pending sales and there were 12 closed sales.  Considerably better activity for the start of 2014 as compared to this year.

Sewalls Point Single Family Market Report January 2015

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

Sewalls Point Single Family Market Report January 2015

 

Harbour Pointe Palm City Feb 2015 Market Update

02.01.15 by

Harbour Pointe Palm City Feb 2015 Market Update

There are currently 5 homes for sale in Harbour Pointe.  Asking prices range from $299,000 to $435,270 with an average asking price of $359,634 which equals $151.54 per square foot of living area.  There are no distressed homes in this group (no foreclosures or short sales).

As of this writing there are no homes under contract.

10 Homes have sold in the past 12 months. Sales prices were from $207,209  to $427,500.  The average sales price was $323,470 or $138.62 per square foot of living area.  These sales were at an average of 95% list to sales ratio.  The lowest priced sale was a bank owned foreclosure.  This was the only distressed home in these sales.

Harbour Pointe Palm City FL

Harbour Pointe is a gated community of 120 homes in Palm City Florida.  This small and private community features modern homes with open floor plans that have many of the amenities that home buyers have sought after with an ideal location that is the envy of many in Martin County!  Residents enjoy preserve and lake  views in spacious custom designed homes.

Harbour Pointe Palm City FL

This wonderful residential community is close to Palm City Elementary, Hidden Oaks Middle School and Martin County High School, which are among the ‘A’ rated schools of Martin County.  Also close to shopping, restaurants as well as the beaches of Martin County as well as easy access to I-95 and Florida’s Turnpike makes it a commuters dream!

Harbour Pointe Palm City FL

Harbour Pointe Palm City FL

Currently Available Homes and Town Homes in Harbour Pointe

Search the Martin County MLS

For more information about this and other Martin County communities contact:
Gabe Sanders

Palm City Florida Real Estate

Residential Homes, Condos and Land with special emphasis on Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Harbour Pointe Palm City Feb 2015 Market Update


December 2014 Monthly Market Detail St Lucie County Townhouses and Condos

01.31.15 by

December 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The December 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed very strong sales activity for the final month of 2014. Closed sales were up by 29.8% (was down by 22.5% in November) while new sales under contract (new pending sales) increased by 20.2% (was down by 0.9% in November).

The median sales price was up by 8.3% (down 3.7% in November) and the average sales price decreased by 5.1% (was up by 8.1% in November). Prices for townhouses and condos in the St Lucie County market have been erratic for the past few months. With the improving economy and low interest rates, I expect to see increases in 2015.

The inventory of available townhouses and condos increased by 8 units from last month to 683 properties, which is still down by 22.3% from last December. Current supply of inventory remained unchanged from November at 6.5 months. This is 25.3% lower than last year. The St. Lucie County townhouse and condo market remains in a balanced market. It is good to see a continued increase in inventory for December after many months of decreases.

December 2014 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
December 2014 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.

December 2014 Monthly Market Detail St Lucie County Townhouses and Condos

December 2014 Monthly Market Detail St Lucie County Single Family Homes

01.30.15 by

December 2014 Monthly Market Detail St Lucie County Single Family Homes

December 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues to produce year to year improvements. Though, for December the volume of sales increases has declined a little, while prices continue to rise quite strongly.  Closed sales from last year were up by 6.7% (in November they were up by 12.7%) and new sales under contract (new pending sales) increased by 10.5% (they were down by 19.9% last month).

Both median and average sales prices were up again (year to year) by 16.3% and 14.8% respectively from last December (For last month these figures were 11.9% and 5.2%).  Better increases than last month and more than double the state averages.

The inventory of active listings decreased in December (from last month) by 46 homes to 1,748, which is also lower than last year’s inventory by 20%. The current supply of inventory is only 3.6 months (a 29.5% decrease from last year). A strong sellers market for the Saint Lucie County single family home market. This reduced inventory is exerting strong pressure on keeping price increases high.  When and if more inventory comes on line, I expect price increases to moderate considerably.

December 2014 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
December 2014 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.

December 2014 Monthly Market Detail St Lucie County Single Family Homes

December 2014 Monthly Market Detail Martin County Townhouses and Condos

01.29.15 by

December 2014 Monthly Market Detail Martin County Townhouses and Condos

December 2014 Monthly Market Detail Martin County Townhouses and Condos ended up the years with strong sales volume though prices were less than for the end of 2013. Year to year closed sales were up by 31.3% (was down by 1.8% in October) as well as new sales under contract (new pending sales) increased by 10.8% from December 2013 (was down by 0.9% in October).

The median sales price was off by 18.2% (was up by 15.8% in October) while the average sales price dropped by 13.6% (was up by 7% in October) as compared to December of 2013.  Prices have risen for most of the past two years and this may just be a one month event.

The inventory of available townhouses and condos has increased by 19 units to 509 properties from last month, though this is 20.5% less inventory than was available in December of 2013.  For December there was a 4.8 month supply of inventory (a 22.8% decrease from last year).  Still a sellers market for townhouses and condos in Martin County for December 2014.

December 2014 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
December 2014 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.

December 2014 Monthly Market Detail Martin County Townhouses and Condos

December 2014 Monthly Market Detail Florida Townhouses and Condos

01.26.15 by

December 2014 Monthly Market Detail Florida Townhouses and Condos

The December 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida has bounced back to show better activity after a few a weaker December.  Closed sales were up by 11.3% as compared to last months decrease of 5.4% and new sales under contract (new pending sales) decreased by 1.4% (November’s decrease was 1%).

Both median and average sales prices were up (year to year) by 8.4% and 8.8% respectively (in November they were up by 7.7% and 6.2%). Prices continue to rise at a strong rate for Florida Townhouses and Condos.

The inventory decreased by .01% for December, it was unchanged in November. Now two months of flat inventory. For December 2014 we have a 5.9 months supply of inventory (was 6 months in November) which is up from 5.8% from last year. A 6 months inventory supply is considered a balanced market.  As prices rise, we should see more inventory coming on the market, hopefullt prices won’t be too high to scare potential buyers away.

December 2014 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: December 2014 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.

December 2014 Monthly Market Detail Florida Townhouses and Condos

December 2014 Monthly Market Detail Florida Single Family Homes

01.25.15 by

December 2014 Monthly Market Detail Florida Single Family Homes

The December 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed continued strengthening market activity for the single family real estate market when compared to last December. Closed sales were up by 15.8% (was up by 10.7% in November) and new sales under contract (new pending sales) increased by 6.4% (was up by 6.1% in November).

Both median and average sales prices continue to rise ( December 2013 to December 2014) by 6.9% and 5.9% respectively, compared to November’s 3.5% and 3.3%.  Once again it seems that prices are poised for some healthy gains as interest rates remain very low making home loans more affordable.

The inventory of available homes for sale rose by 1.2% from last year. This is now a full 15 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 5.2 months supply of inventory, this is a sellers market with the advantage for sellers. (December of 2013 had a 5.5 month supply)

December 2014 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:
December 2014 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.

December 2014 Monthly Market Detail Florida Single Family Homes

Hobe Sound FL 33455 Condo Market Report December 2014

01.22.15 by

Hobe Sound FL 33455 Condo Market Report December 2014

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2014

 

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

 

There are currently 13 active condo listings. (Up by 4 condos from November)

Hobe Sound FL 33455 Condo Market Report December 2014

6 Condo sale is pending and awaiting close. (Up by 2 condos from November)

 Hobe Sound FL 33455 Condo Market Report December 2014

5 Condos sold in November (Increased by 1 condo from November)

Hobe Sound FL 33455 Condo Market Report December 2014

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory rose for December after being down to under 10 condos for last month.  Nice activity for the month as well considering such low availability of condos.  Both close and pending sales were up.

The current absorption rate is 2.6 months (Last month it was 2.3 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 December 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 December 2013 numbers were: 23 active listings, 3 pending sales and no closed sales.  For the past two months, the Hobe Sound condo market has performed much better than last year.

Hobe Sound FL 33455 Condo Market Report December 2014

Search Hobe Sound Condominium Properties by Price

 

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report December 2014

 

Hobe Sound FL 33455 Residential Market Report December 2014

01.21.15 by

Hobe Sound FL 33455 Residential Market Report December 2014

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for December 2014

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

There are currently 231 active listings. (Down by 12 homes from November)

Hobe Sound FL 33455 Residential Market Report December 2014

67 Residential sales are pending and awaiting close  (Decreased by 4 homes from November)

Hobe Sound FL 33455 Residential Market Report December 2014

33 Homes Sold in December (Up by 13 homes from last month)

Hobe Sound FL 33455 Residential Market Report December 2014

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County is in quite a roller coaster ride these past few months.  We closed the year off with a positive note as closed sales came back up nicely.  Unfortunately pending sales decreased a little and the inventory continues to decline as well.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 decreased to 7 months (12.2 months in November).  We’re edging back into 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 December 2013 were:  266 active listings, 75 pending sales and 43 closed sales.   We have lower inventory this year when compared to 2013.  Also, a reduced market activity as well.

Hobe Sound FL 33455 Residential Market Report December 2014

Search here for Hobe Sound Florida Real Estate for Sale

Rental Properties

Residential Properties

Vacant Land Properties

 

Commercial Properties

 

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Hobe Sound FL 33455 Residential Market Report December 2014

Jensen Beach FL 34957 Condo Market Report December 2014

01.20.15 by

Jensen Beach FL 34957 Condo Market Report December 2014

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for December 2014

 

For December 2014 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 44 active listings. (Up by 6 condos from November)

Jensen Beach FL 34957 Condo Market Report December 2014

15 Condo sales are pending and awaiting close or lender approval. (No change from November)

Jensen Beach FL 34957 Condo Market Report December 2014

5 Condos Sold (Up by 1 condo from November)

Jensen Beach FL 34957 Condo Market Report December 2014

 The Jensen Beach FL 34957 Condo Market Report December 2014 remains a small sector as far as condos in Martin County.  We’ve had a couple of months of gains in inventory.  Closed sales were up by 1 condo and pending sales remained unchanged.

The one month absorption rate for the December 2014, Jensen Beach Florida Market Report ZIP Code 34957 declined to 8.8 months (9.5 months in November), still a sellers market but heading closer to a balanced one.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The December 2013 numbers were: 41 active listings, 15 pending sales and 10 condos closed.  Better closed numbers last year.  Otherwise similar results.

Jensen Beach FL 34957 Condo Market Report December 2014

Jensen Beach Condominium Properties by Price


Jensen Beach Florida Real Estate presented by:
Gabe Sanders

 

Jensen Beach FL 34957 Condo Market Report December 2014

Jensen Beach FL 34957 Residential Market Report December 2014

01.19.15 by

Jensen Beach FL 34957 Residential Market Report December 2014

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for December 2014

 For December 2014 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 140 active listings. (Up by 6 homes from last month)

Jensen Beach FL 34957 Residential Market Report December 2014

56 Residential sales are pending and awaiting close or lender approval. (Up by 1 home from November)

Jensen Beach FL 34957 Residential Market Report December 2014

33 Homes Sold (Increased by 9 homes from November)

Jensen Beach FL 34957 Residential Market Report December 2014

The Jensen Beach FL 34957 Residential Market Report shows a strong ending to 2014.  Another small rise in inventory along with a nice jump in closed sales.  Pending sales remained steady with an increase iin 1 home
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 4.2 months (was 5.6 months in November).  Drifting into even a stroger 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 December 2013 numbers were: 135 active listings, 51 pending sales and 27 home sales closed.  Slightly higher inventory this year as compared to last. Also, better market activity for both closed and pending sales.
Jensen Beach FL 34957 Residential Market Report December 2014

Search here for Jensen Beach Real Estate for Sale

Rental Properties

Residential Properties

Vacant Land Properties

Condominium Properties

Commercial Properties

Jensen Beach Florida Real Estate presented by:
the Gabe Sanders real estate team

Jensen Beach FL 34957 Residential Market Report December 2014

Palm City FL 34990 Condo Market Report December 2014

01.18.15 by

Palm City FL 34990 Condo Market Report December 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2014

 

For December 2014 in the 34990 Zip Code area of Palm City, Florida :



There are currently 61 active condo listings. (Unchanged from November)

Palm City FL 34990 Condo Market Report December 2014

6 Condo sales are pending and awaiting close or lender approval. (Decreased by 5 condos from last month)

Palm City FL 34990 Condo Market Report December 2014

6 Condos Sold in December. (Up by 4 condos from November)

Palm City FL 34990 Condo Market Report December 2014

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 picked up a little for the end of the year.  Unfortunately pending sales dropped.  The inventory remains unchanged.

The current absorption rate for condos in the 34990 zip code area is 10.2 months (was 30 months in August).   A big improvement from last month.  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 December 2013 numbers were: 66 active listings, 5 pending sales and 2 closed sales.   Slightly lower inventory for 2014 as compared to last year with better activity.
 Palm City FL 34990 Condo Market Report December 2014

Search for Palm City Condos by Price:

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report December 2014

Palm City FL 34990 Residential Market Report December 2014

01.17.15 by

Palm City FL 34990 Residential Market Report December 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2014

 

For November 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 431 active listings (Decreased by 2 homes from November)

Palm City FL 34990 Residential Market Report December 2014

  115 Residential sales are pending and awaiting close or lender approval. (Decreased by 9 homes from last month)

Palm City FL 34990 Residential Market Report December 2014

76 Homes Sold in November (Up by 20 homes from November)

Palm City FL 34990 Residential Market Report December 2014

The Palm City FL 34990 residential real estate market ended 2014 with a strong run on closed sales.  Pending activity was off slightly as was the active inventory.  I am anticipating increased inventory as we head into 2015 as well as growing pending and closed sales in the months to follow.
 The current absorption rate decreased to 5.7 months from 7.7 months in November. Back into a sellers market after a two month slide into a buyers market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The December 2013 numbers were:  399 active listings, 140 pending sales and 73 closed sales.  Higher inventory for Palm City this year with very similar closed sales and less pending.  Market activity was stronger in 2013.

Palm City FL 34990 Residential Market Report December 2014

 Search here for Palm City Florida Real Estate for Sale

Rental Properties

Residential Properties

Vacant Land Properties

Commercial Properties

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Palm City FL 34990 Residential Market Report December 2014

Stuart FL 34997 Condo Market Report December 2014

01.16.15 by

Stuart FL 34997 Condo Market Report December 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2014

 

For December 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 44 active condo listings (Down by 7 condos from November).

Stuart FL 34997 Condo Market Report December 2014

15 Condo sales are pending and awaiting close or lender approval (Decreased by 10 condos from November).

Stuart FL 34997 Condo Market Report December 2014

5 Condos Sold in December (Decreased by 5 condos from November).

Stuart FL 34997 Condo Market Report December 2014

The Stuart FL condo market for zip code 34997 slowed considerably for the last month of 2014.  Both closed and pending sales were down.  The inventory also continues to decline to very low numbers.
 
The one month absorption rate rose to 8.8 months after last months amazing 5.1.  Back into a buyers market after many, many months of being a strong sellers 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 December 2013 numbers were: 88 active listings, 24 pending sales and 13 closed sales.  Down to exactly half of last years inventory.  We should see an increase in the coming months.

Stuart FL 34997 Condo Market Report December 2014

Search for Stuart Condos for Sale by Price:

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2014

 

 

Stuart FL 34997 Residential Market Report December 2014

01.15.15 by

Stuart FL 34997 Residential Market Report December 2014

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2014

 

There are currently 337 active listings (Decreased by 9 homes from November).

Stuart FL 34997 Residential Market Report December 2014

177 Residential sales are pending and awaiting close or lender approval (Increased by 3 homes from November).

Stuart FL 34997 Residential Market Report December 2014

79 Homes Sold in December (Increased by 23 homes from November)

Stuart FL 34997 Residential Market Report December 2014

      The Stuart Florida Residential Market for ZIP Code 34997 is our largest and typically most active segment for the Stuart residential real estate market.  Activity is very strong in this zip code and the year ended in a strong way.  Unfortunately inventory continued to decline, while pending sales rose a little (though it remains very strong) and closed sales took a big jump.
 
     The current one month absorption rate dropped to 4.3  months (was 6.2 months for November).  Back into a strong 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 December, were: 394 active listings, 130 pending listings and 85 closed sales.  When the reduced inventory for this year is factored in, activity this year is considerably better.
 
Stuart FL 34997 Residential Market Report December 2014 
 

Search here for Stuart Florida Real Estate for Sale

Residential Properties

Vacant Land Properties

Commercial Properties

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Stuart FL 34997 Residential Market Report December 2014