Stuart FL 34996 Condo Market Report September 2014

Stuart FL 34996 Condo Market Report September 2014

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for September 2014

For September 2014 in the 34996 Zip Code area of Stuart, Florida :

There are currently 147 active condo listings (Down by 2 condos from last month).

Stuart FL 34996 Condo Market Report September 2014

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

Stuart FL 34996 Condo Market Report September 2014

 

28 Condos Sold in September (Increased by 14 condos from August) 

Stuart FL 34996 Condo Market Report September 2014

The Stuart FL 34996 Condo Market demonstrated a very strong September 2014, with a nice increase in closed sales.  Unfortunately pending sales declined, while the inventory basically remained unchanged. 

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 5.25 months from August’s 10.6months .  Back into a sellers market after a three month buyers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for September 2013 were: 176 active listings, 35 pending sales and 17 closed sales.  2014 has outperformed last year for the 34996 zip code for Stuart condos.Stuart FL 34996 Condo Market Report September 2014

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Stuart FL 34996 Condo Market Report September 2014

Stuart FL 34996 Residential Market Report September 2014

Stuart FL 34996 Residential Market Report September 2014

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for September 2014

 

For September 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 155 active listings (No change from August).

Stuart FL 34996 Residential Market Report September 2014

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

Stuart FL 34996 Residential Market Report September 2014

7 Homes Sold in September (Decreased by 6 homes from August).

Stuart FL 34996 Residential Market Report September 2014

The 34996 zip code area of the Stuart Florida residential real estate market experienced the second month of weaker results after a small rebound in July.  Closed sales were quite weak with no change in the active inventory.  One bright note for the future is the increase in pending numbers.  Whether this is a seasonal occurrence or a weaker market remains to be determined.

The one month absorption rate for the 34996 zip code area of Stuart Florida for September increased to 22 months as compared to August’s 11.9 months.  A strong buyers market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for September of 2013 were: 140 active listings, 16 pending sales and 13 closed sales.  Other than the closed activity, the 34996 zip code for Martin County is outperforming last years activity.

Stuart FL 34996 Residential Market Report September 2014

 

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Stuart FL 34996 Residential Market Report September 2014

Stuart FL 34994 Condo Market Report September 2014

Stuart FL 34994 Condo Market Report September 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for September 2014

For September, 2013 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 95 active condo listings (Down by 10 condos from August).

Stuart FL 34994 Condo Market Report September 2014

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

Stuart FL 34994 Condo Market Report September 2014

20 Condos Sold in September (Down by 2 condos from August).

Stuart FL 34994 Condo Market Report September 2014

 Still an active market for the Stuart FL 34994 Condo market.  Unfortunately, the inventory is getting low which means less of a choice for buyers coming into the area (or transitioning to new properties).  Pending sales are very strong while closed sales were down slightly for September.

The one month absorption rate remained basically unchanged at 4.75  months compared to last month’s 4.8.  Still 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 September the numbers were 119 active listings, 48 pending sales, and 15 closed sales.  Overall better activity this year when the reduced inventory is factored in as percentages of market activity.

Stuart FL 34994 Condo Market Report September 2014

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Stuart Florida Market Report ZIP Code 34994 – Condo, September 2014

Stuart FL 34994 Residential Market Report September 2014

Stuart FL 34994 Residential Market Report September 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for September 2014

 

For September 2013 in the 34994 Zip Code area of Stuart, Florida:

There are currently 62 active listings (Decreased by 5 homes from August)

Stuart FL 34994 Residential Market Report September 2014

 

40 Residential sales are pending and awaiting close or lender approval (Up by 1 homes from August).

Stuart FL 34994 Residential Market Report September 2014

 

13 Homes Sold in September (Increased by 3 homes from August)

Stuart FL 34994 Residential Market Report September 2014

September activity for the 34994 ZIP code area of the Stuart, Florida showed improved market activity across the board during a typically slow time of the year.   Both closed and pending sales activity improved.  Unfortunately the available inventory of active listings continues to decrease.

The one month absorption rate for the 34994 zip code for September decreased to 4.8 months from last months 6.7 months.  For September we are back into a sellers market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The September 2013 numbers were 62 Active Listings, 36 pending sales and 9 closed sales.   Better activity for 2014 when compared to last year.

Stuart FL 34994 Residential Market Report September 2014

 

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Stuart Florida Market Report ZIP Code 34994 Residential September 2014

Sewalls Point Single Family Market Report September 2014

Sewalls Point Single Family Market Report September 2014

Sewalls Point Real Estate Snapshot, Residential Sales for September 2014

 

There are currently 45 active listings (Up by 4 homes from August)

Sewalls Point Real Estate Snapshot, Residential Sales for September 2014

 

 7 Residential sales are pending and awaiting close or lender approval (Down by 1 homes from last month)

Sewalls Point Real Estate Snapshot, Residential Sales for September 2014

No Homes sold in September (Decreased by 7 homes from August)

 

 After a fairly positive August for the Sewalls Point single family homes market activity, September 2014 is the first month in quite some time with no closed sales on record.  September is also the first month in five months with an increase in inventory.  Pending sales remain fairly weak as well as the Sewalls Point residential real estate market could definitely use some improvement.

With zero sales, no absorption rate can be calculated.  Though in August it was 5.6 months.  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 September of 2013, the inventory was 49 homes on the market, 7 pending sales and there were 2 closed sales.  Very similar activity as compared to last year, with the exception of the zero sales activity.

 

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Sewalls Point Single Family Market Report September 2014

 

Hobe Sound FL 33455 Condo Market Report August 2014

Hobe Sound FL 33455 Condo Market Report August 2014

 

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

 

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

 

There are currently 18 active condo listings. (Up by 1 condo from July)

Hobe Sound FL 33455 Condo Market Report August 2014

1 Condo sale is pending and awaiting close. (Down 3 condos from July)

Hobe Sound FL 33455 Condo Market Report August 2014

2 Condos sold in July (Unchanged from July)

Hobe Sound FL 33455 Condo Market Report August 2014

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Unfortunately with only 1 pending sale, future activity could be quite weak.  No change in closed sales for August.

The current absorption rate is 9 months (Last month it was 8.5 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 August 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 August 2013 numbers were:  14 active listings, 8 pending sales and 1 closed sales.  Pending sales were considerably stronger last year with a smaller inventory.

Hobe Sound FL 33455 Condo Market Report August 2014

 

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Hobe Sound FL 33455 Condo Market Report August 2014

 

Hobe Sound FL 33455 Residential Market Report August 2014

Hobe Sound FL 33455 Residential Market Report August 2014

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

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

There are currently 242 active listings. (Up by 5 homes from July)

Hobe Sound FL 33455 Residential Market Report August 2014

60 Residential sales are pending and awaiting close  (Decreased by 20 homes from July)

Hobe Sound FL 33455 Residential Market Report August 2014

49 Homes Sold in August (Down by 2 homes from last month)

Hobe Sound FL 33455 Residential Market Report August 2014

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County for August had another excellent month for closed sales.  Though, troubling is the large drop in pending sales this month.  Inventory rose by a small amount which is a bit surprising for the month of August.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased slightly to 4.6 months (6.5 months in July).  Back into a sellers market for Hobe Sound, which is where we’ve been for most of the year. (It was a litle off in July)  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for August 2013 were:  233 active listings, 95 pending sales and 48 closed sales.   Very similar to this year’s numbers with the exception of the lower number of pending sales this year.

Hobe Sound FL 33455 Residential Market Report August 2014

 

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Hobe Sound FL 33455 Residential Market Report August 2014

Jensen Beach FL 34957 Condo Market Report August 2014

Jensen Beach FL 34957 Condo Market Report August 2014

 

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

 

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



There are currently 26 active listings. (Down 4 condos from July)

Jensen Beach FL 34957 Condo Market Report August 2014

16 Condo sales are pending and awaiting close or lender approval. (Increased by 3 condos from July)

Jensen Beach FL 34957 Condo Market Report August 2014

3 Condos Sold (Up by 1 condo from July)

Jensen Beach FL 34957 Condo Market Report August 2014

 The Jensen Beach FL 34957 Condo Market Report August 2014 remains a small sector as far as condos in Martin County. After a couple of months of inventory gains, the trend stopped with the third month of decreasing inventory in August.  Pending sales increased by 3 condos and closed sales were up by 1.  The increase in pending sales should result in some additional closed sales in the near future.

The one month absorption rate for the August 2014, Jensen Beach Florida Market Report ZIP Code 34957 decreased to 8.7 months (30 months in July), still a buyers market after an exceptionally active spring.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The August 2013 numbers were: 30 active listings, 17 pending sales and 12 condos closed.   It was a much stronger market for Jensen Beach condos in 2013.

Jensen Beach FL 34957 Condo Market Report August 2014

 

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Jensen Beach FL 34957 Condo Market Report August 2014

Jensen Beach FL 34957 Residential Market Report August 2014

Jensen Beach FL 34957 Residential Market Report August 2014

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

 

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

 There are currently 104 active listings. (No change from last month)

Jensen Beach FL 34957 Residential Market Report August 2014

 

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

Jensen Beach FL 34957 Residential Market Report August 2014

 

29 Homes Sold (No change from July)

Jensen Beach FL 34957 Residential Market Report August 2014

 

The Jensen Beach FL 34957 Residential Market Report had continued strong activity from July to August.  Other than a small drop in pending sales, activity for August was identical to last month.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957  remains at 3.6 months (also 3.6 months in July).  Still a strong 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 August 2013 numbers were: 122 active listings, 71 pending sales and 25 home sales closed.  Better activity this year.  Especially when considering the reduced inventory.  The Jensen Beach residential real estate market is currently the most active in Martin County.
Jensen Beach FL 34957 Residential Market Report August 2014 
 

 

 

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Jensen Beach FL 34957 Residential Market Report August 2014

 

Palm City FL 34990 Condo Market Report August 2014

Palm City FL 34990 Condo Market Report August 2014

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

 

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



There are currently 60 active condo listings. (Up by 1 condo from July)

Palm City FL 34990 Condo Market Report August 2014

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

Palm City FL 34990 Condo Market Report August 2014

4 Condos Sold in August. (Up by 3 condos from July)

Palm City FL 34990 Condo Market Report August 2014

The Palm City FL 34990 condo real estate market is a fairly small segment.  There was a nice increase in closed sales for August while the inventory was basically unchanged along with a drop in pending sales.

The current absorption rate for condos in the 34990 zip code area decreased to 15 months (was 59 months in July).   Still a strong buyers 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 August 2013 numbers were: 53 active listings, 10 pending sales and 0 closed sales.   Better activity this year with the exception of the pending numbers, which is not a good indicator for future activity.
Palm City FL 34990 Condo Market Report August 2014 
 

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Palm City FL 34990 Condo Market Report August 2014

Palm City FL 34990 Residential Market Report August 2014

Palm City FL 34990 Residential Market Report August 2014

 

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

 

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


There are currently 436 active listings (Increased by 4 homes from July)

Palm City FL 34990 Residential Market Report August 2014

 

 145 Residential sales are pending and awaiting close or lender approval. (Decreased by 3 homes from last month)

Palm City FL 34990 Residential Market Report August 2014

 

76 Homes Sold in July (Up by 3 homes from July)

Palm City FL 34990 Residential Market Report August 2014

 

After a somewhat slower July than the hot market we’ve been experiencing for the Palm City FL 34990 residential real estate market, August certainly seems to be heading back into the right direction.  Palm City is one of the only areas that is seeing an increase in inventory in the summer month of August.  
 
 The current absorption rate decreased to 5.7 months from 5.9 months in July, making the Palm City residential real estate market continue as a sellers market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

     The August 2013 numbers were:  352 active listings, 141 pending sales and 77 closed sales.  This segment of the Martin County real estate market continues with strong activity, though not quite as strong as last year.  Which may have been unsustainable.

Palm City FL 34990 Residential Market Report August 2014

 

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Palm City FL 34990 Residential Market Report August 2014

Stuart FL 34997 Condo Market Report August 2014

Stuart FL 34997 Condo Market Report August 2014

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

 

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

There are currently 55 active condo listings (Down by 6 condos from July).

Stuart FL 34997 Condo Market Report August 2014

27 Condo sales are pending and awaiting close or lender approval (Decreased by 1 condo from July).

Stuart FL 34997 Condo Market Report August 2014

14 Condos Sold in August (Decreased by 7 condos from July).

Stuart FL 34997 Condo Market Report August 2014

Better activity for the Stuart FL condo market for zip code 34997 in August of 2014.  Interestingly this segment of the Stuart condo market is the only one with a decrease in inventory for August.  Pending and closed sales were off for August, though it was an unusually strong July and this market is retuning to a more sustainable level.

The one month absorption rate rose to 3.9  months from last months 2.9.  Still a hot 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 August 2013 numbers were: 81 active listings, 22 pending sales and 11 closed sales.  2014 continues to outperform the 2013 market activity.

Stuart FL 34997 Condo Market Report August 2014

 
 

 

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

 

 

Stuart FL 34997 Residential Market Report August 2014

Stuart FL 34997 Residential Market Report August 2014

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

 

There are currently 351 active listings (Decreased by 11 homes from July).

Stuart FL 34997 Residential Market Report August 2014

171 Residential sales are pending and awaiting close or lender approval (Decreased of 18 homes from July).

Stuart FL 34997 Residential Market Report August 2014

95 Homes Sold in August (Increased by 17 homes from July)

Stuart FL 34997 Residential Market Report August 2014

      The Stuart Florida Residential Market for ZIP Code 34997 has been one of the hottest areas for Martin County residential sales.  After two months of increased pending sales (though pending sales were off for August) we see the results with a nice increase in closed sales.  The available inventory decreased again this month.
 
     The current one month absorption rate decreased to 3.7 months (was 4.6 months for July).  A hot 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 August, were: 347 active listings, 157 pending listings and 68 closed sales.  For the 34997 zip code of Stuart the 2014 market momentum continues at a much improved pace than last year ( which was a strong market as well).
 
Stuart FL 34997 Residential Market Report August 2014
 
 

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Stuart FL 34997 Residential Market Report August 2014

Stuart FL 34996 Condo Market Report August 2014

Stuart FL 34996 Condo Market Report August 2014

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for August 2014

For August 2014 in the 34996 Zip Code area of Stuart, Florida :

There are currently 149 active condo listings (Up by 6 condos from last month).

Stuart FL 34996 Condo Market Report August 2014

 48 Condo sales are pending and awaiting close or lender approval (Increased by 3 condos from July).

Stuart FL 34996 Condo Market Report August 2014

 

14 Condos Sold in August (Increased by 3 condos from July) 

Stuart FL 34996 Condo Market Report August 2014

Typically the summer in the Stuart FL 34996 Condo Market has reduced activity, though for this August, there was an excellent increase in activity.  Both pending and closed sales increased along with a small rise in inventory.  Very unusual for the August time frame.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 10.6 months from July’s 13 months .  The third month of a buyers market after more than a year of strong activity.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for August 2013 were: 178 active listings, 22 pending sales and 13 closed sales.  Considerably better activity this year with a much reduced inventory.

Stuart FL 34996 Condo Market Report August 2014

 

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Stuart FL 34996 Condo Market Report August 2014

Stuart FL 34996 Residential Market Report August 2014

Stuart FL 34996 Residential Market Report August 2014

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for August 2014

 

For August 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 155 active listings (Decreased by 14 homes from July).

Stuart FL 34996 Residential Market Report August 2014

28 Residential sales are pending and awaiting close or lender approval (Decreased by 4 homes from July).

Stuart FL 34996 Residential Market Report August 2014

13 Homes Sold in August (Decreased by 8 homes from July).

Stuart FL 34996 Residential Market Report August 2014

The 34996 zip code area of the Stuart Florida residential real estate market showed weaker August results after a small rebound in July.  All measured activity decreased for August.  With the inventory levels so low and with prices rising, buyers are getting a bit more picky in their selections.

The one month absorption rate for the 34996 zip code area of Stuart Florida for August increased to 11.9 months as compared to July’s 8 months.  A strong buyers market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for August of 2013 were: 125 active listings, 26 pending sales and 25 closed sales.  We still have greater number of available homes as well as pending sales as compared to 2013, though the closed sales were off this year.

Stuart FL 34996 Residential Market Report August 2014

Stuart, FL Real Estate

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Stuart FL 34996 Residential Market Report August 2014

Stuart FL 34994 Condo Market Report August 2014

Stuart FL 34994 Condo Market Report August 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for August 2014

For August, 2013 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 105active condo listings (Down by 13 condos from July).

Stuart FL 34994 Condo Market Report August 2014

40 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month) 

Stuart FL 34994 Condo Market Report August 2014

 

22 Condos Sold in August (Down by 3 condos from July).

Stuart FL 34994 Condo Market Report August 2014

Typically the Stuart FL 34994 Condo market slows a bit in the summer, which we can see for August.   Closed sales were off slightly while the inventory of available condos also decreased. Pending sales remained unchanged.

The one month absorption rate edged up to 4.8  months compared to last month’s 4.7.  Still 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 August the numbers were 112 active listings, 48 pending sales, and 16 closed sales.  Continuing a trend of improved activity for 2014.

Stuart FL 34994 Condo Market Report August 2014

 

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Stuart Florida Market Report ZIP Code 34994 – Condo, August 2014

Stuart FL 34994 Residential Market Report August 2014

Stuart FL 34994 Residential Market Report August 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for August 2014

 

For August 2013 in the 34994 Zip Code area of Stuart, Florida:

There are currently 67 active listings (Decreased by 6 homes from July)

Stuart FL 34994 Residential Market Report August 2014

 

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

Stuart FL 34994 Residential Market Report August 2014

 

10 Homes Sold in August (Decreased by 5 homes from July)

Stuart FL 34994 Residential Market Report August 2014

 

August activity for the 34994 ZIP code area of the Stuart, Florida had a decrease in closed sales for August.  There was also a decrease in available inventory of homes for sale.  The one positive note is the increase in pending sales.  A sign for better activity in the near future.

The one month absorption rate for the 34994 zip code for August decreased to 6.7 months from last months 4.9 months.  For August we are back into a balanced market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The August 2013 numbers were 59 Active Listings, 33 pending sales and 8 closed sales.   Considerably improved activity for this year.

Stuart FL 34994 Residential Market Report August 2014

 

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Stuart Florida Market Report ZIP Code 34994 Residential August 2014

Sewalls Point Single Family Market Report August 2014

Sewalls Point Single Family Market Report August 2014

Sewalls Point Real Estate Snapshot, Residential Sales for August 2014

 

There are currently 41 active listings (Down by 7 homes from July)

Sewalls Point Single Family Market Report August 2014

 

8 Residential sales are pending and awaiting close or lender approval (Down by 5 homes from last month)

Sewalls Point Single Family Market Report August 2014

7 Homes sold in August (Increased by 2 homes from July)

Sewalls Point Single Family Market Report August 2014

 The Sewalls Point single family homes market activity for August 2014 had a nice increase in closed sales for the month.  Unfortunately pending sales were off which is an indication of possible slower activity in the near future. Also, somewhat troubling is the decrease in inventory, now down for four months in a row.

The absorption rate is currently 5.6 months, considerably improved over last months 9.6 and now Sewalls Point is in a sellers 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 August of 2013, the inventory was 46 homes on the market, 6 pending sales and there were 7 closed sales.  Similar numbers to last year, but with less inventory.

Sewalls Point Single Family Market Report August 2014

Sewalls Point, FL Real Estate

 

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Sewalls Point Single Family Market Report August 2014

 

September 2014 Market Update for Oak Ridge in Palm City

September 2014 Market Update for Oak Ridge in Palm City

There are currently 4 homes available for sale in Oak Ridge in Palm City, FL.  The list prices range from $325,000 to $789,900 for an average price of $461,125 which is $173.89 per sq. ft. of living area.  None of these are distressed sales. (short sales or foreclosures)

There are 2 homes under contract and awaiting sale dates.  List prices are $250,000 to $350,000.  The average is $300,000 $124.30 per sq. ft. of living area.  One of these pending sales is a short sale.

14 homes have sold in Oak Ridge in the past 12 months.  Sale prices ranged from $235,000 to $380,000.  The average sold price was $314,178 which is $142.29 per sq. ft. of living area and a list to sales ratio of 97%.  There was one short sale and one bank owned foreclosure in these sales.

Oak Ridge in Palm City, FL

Located in a quiet tranquil corner of Palm City Florida, the Oak Ridge community of 224 homes is conveniently located close to top rated schools, shopping, I-95 and Florida’s Turnpike, golf courses, cultural activities, parks and beaches. Linked with tree lined streets and cul-de-sacs, homes are located on preserves or water front on lakes or ocean access canals. Enhanced private homesites within a traditional community setting. The gated neighborhood of Oak Ridge offers a 2000 sq. ft. club house, pool, two lighted tennis courts and a deep water ocean access boat ramp. Each house is ideally situated on a lake or preserve property.

Oak Ridge in Palm City, FL


There is a mandatory Home Owners Association with reasonable quarterly dues which cover Basic Cable TV, Landscaping and Maintenance of all Common Areas, Gate Maintenance, Property Manager & Reserve Funds.

Residents of Oak Ridge are in the Martin County School system and currently the assigned schools are Bessey Creek Elementary, Hidden Oaks Middle and Martin County High School.

Only minutes to Pendarvis Cove Park on the shores of the Saint Lucie River. Additional boat ramp and trailer parking and home of the sailing club.

Other close by amenities include lots of great shopping, easy access to Florida’s Turnpike and I-95. Only 15 minutes to the shores of the Atlantic Ocean. Give us a call if you’d like additional information about this wonderful Palm City community.

 

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Hobe Sound FL 33455 Condo Market Report July 2014

Hobe Sound FL 33455 Condo Market Report July 2014

 

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

 

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

 

There are currently 17 active condo listings. (Down by 1 condo from June)

Hobe Sound FL 33455 Condo Market Report July 2014

 

4 Condo sales are pending and awaiting close. (No change from June)

Hobe Sound FL 33455 Condo Market Report July 2014

 

2 Condos sold in June (Unchanged from June)

Hobe Sound FL 33455 Condo Market Report July 2014

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Now only 17 available condos listed and both pending and closed sales were steady at two condos apiece.

The current absorption rate is 8.5 months (Last month it was 9 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 July 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 July 2013 numbers were:  16 active listings, 10 pending sales and 5 closed sales.  Unfortunately, this years activity is considerably worse than last year.

Hobe Sound FL 33455 Condo Market Report July 2014

 

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Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report July 2014