Hobe Sound FL 33455 Residential Market Report July 2014

Hobe Sound FL 33455 Residential Market Report July 2014

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

 

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

There are currently 237 active listings. (Down by 24 homes from June)

Hobe Sound FL 33455 Residential Market Report July 2014

 

80 Residential sales are pending and awaiting close  (Decreased by 15 homes from June)

Hobe Sound FL 33455 Residential Market Report July 2014

 

51 Homes Sold in July (Up by 11 homes from last month)

Hobe Sound FL 33455 Residential Market Report July 2014

 

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County for July had an excellent month for closed sales.  It appears that the inventory is heading lower and with fewer choices we also have less pending sales.  This may be an indication of less closed sales for the near future.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased slightly to 4.6 months (6.5 months in June).  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 June)  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for July 2013 were:  238 active listings, 96 pending sales and 42 closed sales.   Very similar to this year’s numbers with the exception of the pending sales which were higher last year.

Hobe Sound FL 33455 Residential Market Report July 2014

 

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Hobe Sound FL 33455 Residential Market Report July 2014

Jensen Beach FL 34957 Condo Market Report July 2014

Jensen Beach FL 34957 Condo Market Report July 2014

 

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

 

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



There are currently 30 active listings. (Down 1 condo from June)

Jensen Beach FL 34957 Condo Market Report July 2014

 

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

Jensen Beach FL 34957 Condo Market Report July 2014

 

1 Condos Sold (Down by 2 condos from June)

Jensen Beach FL 34957 Condo Market Report July 2014

 

 The Jensen Beach FL 34957 Condo Market Report July 2014 remains a small sector as far as condos in Martin County. After a couple of months of inventory gains, the trend stopped in June’s and available condos for sale remained unchanged for the month and dropped by one for July.  Pending sales increased by 3 condos and closed sales were off to only 1.  The increase in pending sales should result in some additional closed sales in the near future.

The one month absorption rate for the July 2014, Jensen Beach Florida Market Report ZIP Code 34957 rose to 30 months (10.3 months in June), back into 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 July 2013 numbers were: 31 active listings, 19 pending sales and 9 condos closed.   Pretty dismal July 2014 when compared to last year.

Jensen Beach FL 34957 Condo Market Report July 2014

 

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Jensen Beach FL 34957 Condo Market Report July 2014

Jensen Beach FL 34957 Residential Market Report July 2014

Jensen Beach FL 34957 Residential Market Report July 2014

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

 

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

 There are currently 104 active listings. (Decreased by 18 homes from last month)

Jensen Beach FL 34957 Residential Market Report July 2014

 

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

Jensen Beach FL 34957 Residential Market Report July 2014

 

29 Homes Sold (Up by 4 homes from June)

Jensen Beach FL 34957 Residential Market Report July 2014

 

The Jensen Beach FL 34957 Residential Market Report showed a nice rebound from reduced June activity.  Both pending and closed sales rose.  Unfortunately the active inventory dropped for the month making for fewer choices for Jensen Beach buyers.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 3.6 months (4.9 months in June).  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 July 2013 numbers were: 122 active listings, 72 pending sales and 24 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 July 2014 

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Jensen Beach FL 34957 Residential Market Report July 2014

 

Palm City FL 34990 Condo Market Report July 2014

Palm City FL 34990 Condo Market Report July 2014

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

 

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



There are currently 59 active condo listings. (Up by 3 condos from June)

Palm City FL 34990 Condo Market Report July 2014

 

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

Palm City FL 34990 Condo Market Report July 2014

 

1 Condos Sold in July. (Down by 2 condos from June)

Palm City FL 34990 Condo Market Report July 2014
 

The Palm City FL 34990 condo real estate market continues to struggle with weak numbers.  The inventory rose again while closed sales declined to a single sale for July.  Pending sales improved by one unit, though it’s still a anemic number.  The Palm City condo market is quite small and inferences into the more general condo market should not be made.

The current absorption rate for condos in the 34990 zip code area rose to 59 months (was 18.7 months in June).   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 July 2013 numbers were: 54 active listings, 9 pending sales and 6 closed sales.   Considerably better activity in 2013 as compared to this July.
 
Palm City FL 34990 Condo Market Report July 2014
 

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Palm City FL 34990 Condo Market Report July 2014

Palm City FL 34990 Residential Market Report July 2014

Palm City FL 34990 Residential Market Report July 2014

 

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

 

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


There are currently 432 active listings (A decrease of 12 homes from June)

Palm City FL 34990 Residential Market Report July 2014

 

 148 Residential sales are pending and awaiting close or lender approval. (Decreased by 5 homes from last month)

Palm City FL 34990 Residential Market Report July 2014

 

73 Homes Sold in June (Down by 21 homes from June)

Palm City FL 34990 Residential Market Report July 2014

 

    A weaker month of activity in July for the Palm City FL 34990 residential real estate market.  All measured activity declined for the month.  
 
     The current absorption rate increased to 5.9 months from 4.7 months in June, putting the Palm City residential real estate market back into 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 July 2013 numbers were:  360 active listings, 153 pending sales and 70 closed sales.  Similar closed numbers to last year, though with a much greater inventory.

Palm City FL 34990 Residential Market Report July 2014

 

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Palm City FL 34990 Residential Market Report July 2014

Stuart FL 34997 Condo Market Report July 2014

Stuart FL 34997 Condo Market Report July 2014

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

 

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

There are currently 61 active condo listings (Down by 6 condos from June).

Stuart FL 34997 Condo Market Report July 2014

 

28 Condo sales are pending and awaiting close or lender approval (Unchanged from June).

Stuart FL 34997 Condo Market Report July 2014

 

21 Condos Sold in July (Increased by 6 condos from June).

Stuart FL 34997 Condo Market Report July 2014

 

Better activity for the Stuart FL condo market for zip code 34997 in July of 2014.  Interestingly this segment of the Stuart condo market is the only one with a decrease in inventory for July.  Pending sales remained strong and closed sales increased.

The one month absorption rate dropped to 2.9  months from last months 4.7.  A very 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 July 2013 numbers were: 80 active listings, 31 pending sales and 12 closed sales.  2014 continues to show better results than last July.

Stuart FL 34997 Condo Market Report July 2014

 
 
 

 

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

 

 

Stuart FL 34997 Residential Market Report July 2014

Stuart FL 34997 Residential Market Report July 2014

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

 

There are currently 362 active listings (Decreased by 19 homes from June).

Stuart FL 34997 Residential Market Report July 2014

 

189 Residential sales are pending and awaiting close or lender approval (Increased of 4 homes from June).

Stuart FL 34997 Residential Market Report July 2014

 

78 Homes Sold in July (Decreased by 2 homes from June)

Stuart FL 34997 Residential Market Report July 2014

 
      The Stuart Florida Residential Market for ZIP Code 34997 has been one of the hottest areas for Martin County residential sales.  A second month of increased pending sales, though it is also a second month of decreased closed activity.  Inventory also decreased for the month.
 
 
     The current one month absorption rate decreased to 4.6 months (was 4.8 months for June).  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 July, were: 331 active listings, 166 pending listings and 62 closed sales.  For the 34997 zip code of Stuart, market activity is stronger for this year as compared to July of 2013.
 
Stuart FL 34997 Residential Market Report July 2014
 
 

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Stuart FL 34997 Residential Market Report July 2014

Stuart FL 34996 Condo Market Report July 2014

Stuart FL 34996 Condo Market Report July 2014

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

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

There are currently 143 active condo listings (Up by 4 condos from last month).

Stuart FL 34996 Condo Market Report July 2014

 

 45 Condo sales are pending and awaiting close or lender approval (Increased by 12 condos from June).

Stuart FL 34996 Condo Market Report July 2014

 

11 Condos Sold in July (Decreased by 6 condos from June) 

Stuart FL 34996 Condo Market Report July 2014

 

Typically the summer in the Stuart FL 34996 Condo Market has reduced activity.   For July, though, there was an excellent increase in pending sales which bodes well for future closed activity.  Unfortunately closed sales were off for July which, if you’ve read my previous market reports was expected.  Inventory rose for the month as well.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 13 months from June’s 8.2 months .  The second 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 July 2013 were: 176 active listings, 32 pending sales and 16 closed sales.  Better closed activity last year, though the pending sales are much better for 2014.

Stuart FL 34996 Condo Market Report July 2014

 

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Stuart FL 34996 Condo Market Report July 2014

Stuart FL 34996 Residential Market Report July 2014

Stuart FL 34996 Residential Market Report July 2014

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

 

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

 

There are currently 169 active listings (Decreased by 8 homes from June).

Stuart FL 34996 Residential Market Report July 2014

 

 32 Residential sales are pending and awaiting close or lender approval (Decreased by 6 homes from June).

Stuart FL 34996 Residential Market Report July 2014

 

21 Homes Sold in July (increased by 6 homes from June).

Stuart FL 34996 Residential Market Report July 2014

 

The 34996 zip code area of the Stuart Florida residential real estate market rebounded a bit from somewhat weak May results.  Closed sales were up; while, unfortunately, the pending numbers decreased.  Inventory was also down for the month.

The one month absorption rate for the 34996 zip code area of Stuart Florida for July increased to 8 months as compared to June’s 11.8 months.  Still a 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 July of 2013 were: 126 active listings, 44 pending sales and 15 closed sales.   Improved closed numbers for this year, though at a considerably greater inventory.

Stuart FL 34996 Residential Market Report July 2014

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Stuart FL 34996 Residential Market Report July 2014

Stuart FL 34994 Condo Market Report July 2014

Stuart FL 34994 Condo Market Report July 2014

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

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

 

There are currently 118 active condo listings (Up 7 condos from June).

Stuart FL 34994 Condo Market Report July 2014

 

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

Stuart FL 34994 Condo Market Report July 2014

 

25 Condos Sold in July (Up by 1 condo from June).

Stuart FL 34994 Condo Market Report July 2014

 

Typically the Stuart FL 34994 Condo market slows a bit in the summer, which we can see for July.   Closed sales were up by 1 condo while the number of pending sales (future activity) was off.  The inventory also increased for this month.

The one month absorption rate dropped to 4.7 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 July the numbers were 109 active listings, 53 pending sales, and 11 closed sales.  Considerably better activity this year.

Stuart FL 34994 Condo Market Report July 2014

 

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

Stuart FL 34994 Residential Market Report July 2014

Stuart FL 34994 Residential Market Report July 2014

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

 

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

There are currently 73 active listings (Increased by 2 homes from June)

Stuart FL 34994 Residential Market Report July 2014

 

34 Residential sales are pending and awaiting close or lender approval (No change from June).

Stuart FL 34994 Residential Market Report July 2014

 

15 Homes Sold in July (Increased by 2 homes from June)

Stuart FL 34994 Residential Market Report July 2014

 

July activity for the 34994 ZIP code area of the Stuart, Florida showed continued positive results with increased closed sales.  There was a small increase in inventory, which will hopefuly continue as a greater number of available homes for sale will give prospective buyers more of a selection.

The one month absorption rate for the 34994 zip code for July decreased to 4.9 months from last months 5.5 months.  July was a strong sellers market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The July 2013 numbers were 55 Active Listings, 29 pending sales and 15 closed sales.   Very similar sales figures for this year, however there was considerably less inventory for the same results for last year.

Stuart FL 34994 Residential Market Report July 2014

 

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Stuart Florida Market Report ZIP Code 34994 Residential July 2014

Sewalls Point Single Family Market Report July 2014

Sewalls Point Single Family Market Report July 2014

Sewalls Point Real Estate Snapshot, Residential Sales for July 2014

 

There are currently 48 active listings (Down by 5 homes from June)

Sewalls Point Single Family Market Report July 2014

13 Residential sales are pending and awaiting close or lender approval (Up by 2 homes from last month)

Sewalls Point Single Family Market Report July 2014

 

5 Homes sold in July (Unchanged from June)

Sewalls Point Single Family Market Report July 2014

 

The Sewalls Point single family homes market activity for July 2014 had the same number of closed sales as in June (and May).  The pending numbers rose slightly, while the available inventory is down for the third month in a row.  Activity for the Sewalls Point market has increased, though the decrease in inventory could be troubling for future sales.

The absorption rate is currently 9.6 months better than last months 10.6 but still of room for improvement. It’s not unusual to see a somewhat higher absorption rate for Sewalls Point as we are dealing with generally higher valued properties that can take a bit longer to sell on average.  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 July of 2013, the inventory was 47 homes on the market, 7 pending sales and there were 3 closed sales.  Much better results for July of 2014.

Sewalls Point Single Family Market Report July 2014

 

 

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Sewalls Point Single Family Market Report July 2014

 

Hobe Sound FL 33455 Condo Market Report June 2014

Hobe Sound FL 33455 Condo Market Report June 2014

 

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

 

For May 2013 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 18 active condo listings. (Down by 2 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2014

 

4 Condo sales are pending and awaiting close. (Decreased by 1 condo from May)

Hobe Sound FL 33455 Condo Market Report June 2014

 

2 Condos sold in May (Down by 1 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2014

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  With only 18 condos on the market, not much variety for buyers to look at.  And, unfortunately the activity also continued to slow for June with reduced pending and closed listings.

The current absorption rate is 9 months (Last month it was 6.7 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 June 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 June 2013 numbers were:  19 active listings, 10 pending sales and no closed sales.   As poor as the activity was this year, it’s still an improvement over 2013.

Hobe Sound FL 33455 Condo Market Report June 2014

 

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Hobe Sound FL 33455 Condo Market Report June 2014

 

Hobe Sound FL 33455 Residential Market Report June 2014

Hobe Sound FL 33455 Residential Market Report June 2014

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

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

There are currently 261 active listings. (Down by 11 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2014

 

95 Residential sales are pending and awaiting close  (Increased by 11 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2014

 

40 Homes Sold in June (Down by 7 homes from last month)

Hobe Sound FL 33455 Residential Market Report June 2014

 

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County for June is showing some very strong pending activity.  An excellent indication for strong future closed sales.  Unfortunately, closed sales were off for June.  The inventory of available homes for sale also declined and is getting fairly low by historical standards for Hobe Sound.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased slightly to 6.5 months (5.8 months in May).  Back into an almost balanced market for Hobe Sound after over a year of being in a sellers market.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for June 2013 were:  238 active listings, 96 pending sales and 42 closed sales.   Very nearly identical activity to that of June 2013.

Hobe Sound FL 33455 Residential Market Report June 2014

 

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Hobe Sound FL 33455 Residential Market Report June 2014

Jensen Beach FL 34957 Condo Market Report June 2014

Jensen Beach FL 34957 Condo Market Report June 2014

 

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

 

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



There are currently 31 active listings. (No change from May)

Jensen Beach FL 34957 Condo Market Report June 2014

 

10 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from May)

Jensen Beach FL 34957 Condo Market Report June 2014

 

3 Condos Sold (Down by 2 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2014

 

 The Jensen Beach FL 34957 Condo Market Report June 2014 remains a small sector as far as condos in Martin County. After a couple of months of inventory gains, the trend stopped in Junes and available condos for sale remained unchanged.  Pending sales were up by only 1 condo and closed sales were off.

The one month absorption rate for the June 2014, Jensen Beach Florida Market Report ZIP Code 34957 rose to 10.3 months (6.2 months in May), back into 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 June 2012 numbers were: 31 active listings, 24 pending sales and 7 condos closed.   Much stronger activity last year.

Jensen Beach FL 34957 Condo Market Report June 2014

 

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Jensen Beach FL 34957 Condo Market Report June 2014

Jensen Beach FL 34957 Residential Market Report June 2014

Jensen Beach FL 34957 Residential Market Report June 2014

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

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

 There are currently 122 active listings. (Increased by 10 homes from last month)

Jensen Beach FL 34957 Residential Market Report June 2014

 

62 Residential sales are pending and awaiting close or lender approval. (Down by 10 homes from May)

Jensen Beach FL 34957 Residential Market Report June 2014

 

25 Homes Sold (Decreased by 17 homes from May)

Jensen Beach FL 34957 Residential Market Report June 2014

 

Following an exceptionally strong May, the Jensen Beach FL 34957 Residential Market Report cooled a bit for June 2014.  Pending sales dropped for the third month in a row, which way be an indication of some future weakness in the number of sales.  Closed sales unfortunately declined.  There was also a nice little increase in inventory making a greater choice of homes for those looking in Jensen Beach.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 4.9 months (2.7 months in May).  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 June 2012 numbers were: 112 active listings, 75 pending sales and 31 home sales closed.  Last years activity was still better for Jensen Beach.  This is a hot segment of the Martin County residential real estate market.
 
Jensen Beach FL 34957 Residential Market Report June 2014
 
 

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Jensen Beach FL 34957 Residential Market Report June 2014

Palm City FL 34990 Condo Market Report June 2014

Palm City FL 34990 Condo Market Report June 2014

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

 

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



There are currently 56 active condo listings. (Up by 4 condos from May)

Palm City FL 34990 Condo Market Report June 2014

 

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

Palm City FL 34990 Condo Market Report June 2014

 

3 Condos Sold in June. (Down by 1 condo from May)

Palm City FL 34990 Condo Market Report June 2014

 

A second very weak month for the Palm City FL 34990 condo real estate market.  The inventory rose while both pending and closed sales declined.  The Palm City condo market is quite small and inferences into the more general condo market should not be made.

The current absorption rate for condos in the 34990 zip code area rose to 18.7 months (was 13 months in May).   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 June 2012 numbers were: 54 active listings, 14 pending sales and 8 closed sales.   Much better activity in 2013.  Hopefully, this segment of the Martin County FL real estate market will strengthen soon.
 
Palm City FL 34990 Condo Market Report June 2014
 

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Palm City FL 34990 Condo Market Report June 2014

Palm City FL 34990 Residential Market Report June 2014

Palm City FL 34990 Residential Market Report June 2014

 

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

 

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


There are currently 444 active listings (An increase of 8 homes from May)

Palm City FL 34990 Residential Market Report June 2014

 153 Residential sales are pending and awaiting close or lender approval. (Decreased by 22 homes from last month)

Palm City FL 34990 Residential Market Report June 2014

94 Homes Sold in May (Up by 22 homes from May)

Palm City FL 34990 Residential Market Report June 2014

     A good strong June for closed sales in the Palm City FL 34990 residential real estate market.   Unfortunately pending sales were off, a potential warning for weaker future sales.  The inventory remained strong with a small increase.
 
     The current absorption rate decreased to 4.7 months from 6.1 months in May, putting the Palm City residential real estate market back into 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 June 2012 numbers were:  382 active listings, 162 pending sales and 69 closed sales.  Considerably grater closed activity this year, but weaker pending sales figures.

Palm City FL 34990 Residential Market Report June 2014

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Palm City FL 34990 Residential Market Report June 2014

Stuart FL 34997 Condo Market Report June 2014

Stuart FL 34997 Condo Market Report June 2014

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

 

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

There are currently 67 active condo listings (Down by 7 condos from May).

Stuart FL 34997 Condo Market Report June 2014

 

28 Condo sales are pending and awaiting close or lender approval (Down by 4 condos from May).

Stuart FL 34997 Condo Market Report June 2014

 

15 Condos Sold in June (Decreased by 13 condos from May).

Stuart FL 34997 Condo Market Report June 2014

 

A considerable easing of activity for the Stuart FL condo market for zip code 34997 in June of 2014.  If you read my previous market reports for this segment of the Martin County market, this was not unexpected as pending sales have been decreasing over the past few months and continued to do so in June.  Both closed sales as well as available inventory also continue to decrease.  Though, this is still a very active market.  It’s just that the super strong Spring activity is not sustainable for this area for the summer.

The one month absorption rate is now 4.7  months from last months 2.6.  Still in a 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 June 2012 numbers were: 77 active listings, 32 pending sales and 8 closed sales.  Continuing to be a better market tha last year and slowly getting back into a more sustainable activity level.

Stuart FL 34997 Condo Market Report June 2014

 
 
 

 

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

 

 

Stuart FL 34997 Residential Market Report June 2014

Stuart FL 34997 Residential Market Report June 2014

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

 

There are currently 381 active listings (Decreased by 32 homes from May).

Stuart FL 34997 Residential Market Report June 2014

185 Residential sales are pending and awaiting close or lender approval (Increased of 21 homes from May).

Stuart FL 34997 Residential Market Report June 2014

80 Homes Sold in June (Decreased by 27 homes from May)

Stuart FL 34997 Residential Market Report June 2014

      The Stuart Florida Residential Market for ZIP Code 34997 has been one of the hottest areas for Martin County residential sales.  Unfortunately, June saw a little decrease in activity with 27 fewer sales from the previous month.  Though, pending sales increased which is a good indicator for strong future sales.  Inventory was down by a fairly significant number making fewer options available for buyers of single family homes in the Stuart area.
 
 
     The current one month absorption rate rose to 4.8 months (was 3.9 months for May).  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 June, were: 332 active listings, 172 pending listings and 68 closed sales.  This segment of the Stuart residential market has a dramatic increase in inventory when compared to last year.  Considerably stronger activity in this segment of the Stuart residential real estate market.
 
Stuart FL 34997 Residential Market Report June 2014
 
 

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Stuart FL 34997 Residential Market Report June 2014