Stuart Florida Market Report ZIP Code 34996 – Residential, March 2013

04.15.13 by

Stuart Florida Market Report ZIP Code 34996 – Residential, March 2013

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for March 2013

For March 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 175 active listings (Decreased by 4 homes from February).

55 Residential sales are pending and awaiting close or lender approval (Increased by 8 from February).

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

In the 34996 zip code area of Stuart Florida real estate market activity for March 2013 both pending sales and closed sales rose while the inventory decreased again.  Sales activity is strong and we are seeing multiple offers on some well priced desirable properties.

The one month absorption rate for the 34996 zip code area of Stuart Florida for March dipped to 12.5 months, which is still a strong buyer’s market.  This figure should be dropping as the pending sales close in the coming months. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for March of 2012 were: 165 active listings, 36 pending sales and 22 closed sales.  The 34996 zip code area of Stuart is one of the few sections that actually had better activity last year.

Search here for Stuart Florida Real Estate for Sale

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

Stuart Florida Market Report ZIP Code 34996 – Residential, March 2013

Stuart Florida Market Report ZIP Code 34997 – Condo, March 2013

04.14.13 by

Stuart Florida Market Report ZIP Code 34997 – Condo, March 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2013

For March 2013 in the 34997 Zip Code area of Stuart, Florida :

There are currently 103 active condo listings (An increase of 1 condo form February).

39 Condo sales are pending and awaiting close or lender approval (Up 3 from February).

16 Condos Sold in March (An increase of 8 condos from February).

The Stuart condo market for the area in ZIP code 34997 showed a strong March .  Sales doubled from February.  Pending sales took a small increase after a significant rise last month.  While the inventory basically stayed unchanged.  One of the strongest months for condo activity in some years.

The one month absorption rate decreased to 6.4 months. Basically, a balanced market.  A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The March 2012 numbers were: 109 active listings, 40 pending sales and 14  closed sales.  An improvement from last March.

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2013

Stuart Florida Market Report ZIP Code 34994 – Residential March 2013

04.12.13 by

Stuart Florida Market Report ZIP Code 34994 – Residential March 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for March 2013

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

There are currently 67 active listings (Down 9 from February).

34 Residential sales are pending and awaiting close or lender approval (Up 11 from February).

5 Homes Sold in February (Down 5 homes from February)

The 34994 ZIP code area of the Stuart, Florida real estate market showed a marked decrease in closed sales for March.  At the same time, there was a significant jump in Pending activity and another unexpected drop in active listings.  We should have some stronger closed sales in the coming months, but if inventory doesn’t increase, we will be looking at depressed activity for the foreseeable future.

The one month absorption rate for the 34994 zip code for March jumped to 13.4 months. which signifies a significant buyers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The March 2012 numbers were 84 Active Listings, 41 pending sales and 7 closed sales.  The lower inventory is having a significant effect on market activity in the 34994 zip code area of the Stuart, Florida real estate market.

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 March 2013

Stuart Florida Market Report ZIP Code 34997 – Residential, March 2013

04.10.13 by

Stuart Florida Market Report ZIP Code 34997 – Residential, March 2013

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for March 2013

There are currently 344 active listings (An increase of 12 homes from February).

220 Residential sales are pending and awaiting close or lender approval (An decrease of 23 homes from February).

82 Homes Sold in March (Up 35 homes from February)

For March 2013, the Stuart Florida Market Report ZIP Code 34997 the closed sales almost doubled as a result of the strong pending activity from previous months.  For March, there was a slight increase in inventory as more sellers are beginning to understand that the time is right for selling in Martin County.  Pending sales were off from February, but remain strong.
The current one month absorption rate dropped to 4.2 months which indicates a sellers market for the 34997 Stuart zip code real estate market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.
The 2012 numbers were: 428 active listings, 263 pending listings and 61 closed sales.  With considerably less inventory, this segment of the Stuart residential real estate market remains strong.

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 34997 – Residential, March 2013

Sewalls Point Residential Market Report March 2013

04.09.13 by

Sewalls Point Residential Market Report March 2013

Sewalls Point Real Estate Snapshot, Residential Sales for March 2013

There are currently 57 active listings (an increase of 2 homes for sale from February)

15 Residential sales are pending and awaiting close or lender approval (a decrease of 2 homes from February)

5 Homes sold in February (An increase of 3 homes from February)

March saw improved sales in the Sewalls Point real estate market in Stuart, FL.  Still a fairly large inventory, but also good number of pending sales.

The absorption rate dropped to 11.4 months.  This is a still a buyers market in Sewalls Point, but is showing signs of change.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to March of 2012, the inventory was 61 homes homes on the market, 12 pending sales and there was only 3 closed sales.  Improving numbers for 2013 by a small margin.

Search here for Sewalls Point Florida Real Estate for Sale

 

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

Sewalls Point, FL Real Estate

Rental Properties

Vacant Land Properties

Residential Properties

Sewalls Point Market Report – Residential, March 2013

Martin County Florida Condo Market Report for February 2013

03.31.13 by

Martin County Florida Condo Market Report for February 2013

 

Commentary:

The Martin County Florida Condo Market for February 2013 showed some very positive signs.  After disappointing results from much of the fall season, sales numbers for February were up to 66 units.  This is considerably better than last February of 57 and the weak January numbers of 39.  The inventory continues to decline.  Now down to 604 condos (Down 36 from February of 2012).  This is the second month of decreasing inventory after 3 months of increases.  The median sales price dropped to $88,250 for February of 2013 (Was 85,000 in February of 2012).   While the median list price remained unchanged at $179,000.  These numbers are a little misleading as it appears that prices have stabilized in the condo market.  There have been a relatively greater number of lower priced condos sold which is driving the median sales prices down.

The one month absorption rate dipped to 9.15 months from last months 15.6 months, while the three-month average is now at 11.6 months.  Still a challenging market for condo sellers, but there has been a significant improvement in February.  We still need to see a sustained absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

[singlepic id=3437 w=800 h=600 float=center]
  

 The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

[singlepic id=3438 w=800 h=600 float=center]

[singlepic id=3439 w=800 h=600 float=center]

[singlepic id=3440 w=800 h=600 float=center]

 

Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Condo Market Report for February 2013

the Gabe Sanders real estate team

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

For more information about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate


Martin County Florida Residential Market Report for February 2013

03.30.13 by

Martin County Florida Residential Market Report for February 2013

Commentary:

The Martin County Florida Residential Market Report for February 2013 showed strong sales activity for the month.  Better number of closed sales than in past years.  All with a much lower inventory as well.  In fact, our inventory levels are getting low enough that I expect to see some slowing of sales activity simply because there’s not enough homes for sale.  If this happens, I expect to see a further rise in prices, which has already began.

Average and median sales prices were both up for February.  The inventory of available homes dropped 90 from January.    The one month absorption rate for February 2013 decreased to 7.87 months, while the three-month average rose to 7.68 months.  A 6 month absorption rate is considered to be a balanced market, so we remain in a slight buyers market in Martin County.

Activity is remaining strong for March.  Positive economic news as well as continued low interest rates continue to drive buyers into the market.  We continue to be in a very attractive market for buyers.  Sellers can also expect to see good value in the sale of their homes as compared to the past few years.

Please feel free to contact us if you have any difficulty interpreting these charts.

The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Residential Market Report for February 2013

the Gabe Sanders real estate team

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

For more information about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, February 2013

03.27.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, February 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for February 2013

 

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

 

There are currently 18 active condo listings. (Down by 1 condo from January)

[singlepic id=3395 w=600 h=600 float=center]

[singlepic id=3396 w=600 h=600 float=center]

 

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

[singlepic id=3397 w=600 h=600 float=center]

 

  4 Condos sold in February (Unchanged from January)

[singlepic id=3398 w=600 h=600 float=center]

[singlepic id=3399 w=600 h=600 float=center]

[singlepic id=3400 w=600 h=600 float=center]

[singlepic id=3401 w=600 h=600 float=center]

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  With a significant further decrease in inventory, I don’t see any meaningful market activity coming from this segment in the spring.  For February, good strong closed and pending activity when considering only 18 available condos for sale in this market segment.

The one month absorption rate is down to 4.5 months, signifying a seller’s market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.  If you’re a Hobe Sound condo owner and thinking of selling.  This is your strongest market in over 7 years.

The February 2012 numbers were:  32 active listings, 4 pending sales and 1 closed sales.  The Hobe Sound condo market activity for February of 2013 was far superior to the same month last year.



Search here for Hobe Sound Florida Real Estate for Sale ( Condos)
Search for Martin County Real Estate

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, February 2013

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, February 2013

03.26.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, February 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for February 2013

 

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

There are currently 244 active listings. ( A decrease of 18 homes from January)

[singlepic id=3353 w=600 h=600 float=center]

[singlepic id=3354 w=600 h=600 float=center]

109 Residential sales are pending and awaiting close or lender approval (An increase of 13 homes from January)

[singlepic id=3355 w=600 h=600 float=center]

28 Homes Sold in February (Unchanged from last month)

[singlepic id=3356 w=600 h=600 float=center]

[singlepic id=3357 w=600 h=600 float=center]

[singlepic id=3358 w=600 h=600 float=center]

[singlepic id=3359 w=600 h=600 float=center]

After a slower start in January for the Hobe Sound residential real estate market (zip code 33455) of Martin County, February market activity picked up a bit.  Closed sales remained steady and pending sales increased.  For the second month, inventory continues to decline in Hobe Sound.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 8.7 months.  Still a slight buyer’s market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for February 2012 were:  342 active listings, 102 pending sales and 31 closed sales.   Considering the reduced inventory as compared to 2012, the Hobe Sound real estate market remains very strong and active.

 

Search here for Hobe Sound Florida Real Estate for Sale

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

 

Hobe Sound, FL Real Estate

Rental Properties

Residential Properties

Vacant Land Properties

Condominium Properties

Commercial Properties

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, February 2013

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, February 2013

03.25.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, February 2013

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for February 2013

 

For February 2013 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 60 active listings. ( A decrease of 6 condos from January)

[singlepic id=3402 w=600 h=600 float=center]

[singlepic id=3403 w=600 h=600 float=center]

 

31 Condo sales are pending and awaiting close or lender approval. (Up by 4 condos from January)

[singlepic id=3404 w=600 h=600 float=center]

 

9 Condos Sold (Increased by 4 condos from January)

[singlepic id=3405 w=600 h=600 float=center]

[singlepic id=3406 w=600 h=600 float=center]

[singlepic id=3407 w=600 h=600 float=center]

[singlepic id=3408 w=600 h=600 float=center]

 


The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  The small inventory gained for the past three months but decreased in February.   Closed and pending sales both showed improvements for February.   It appears that we are on track to have an active condo market in the Jensen Beach area of Martin County.

The one month absorption rate for the February 2013, Jensen Beach Florida Market Report ZIP Code 34957 is 6.7 months.   Typically, a 6 month absorption rate is considered balanced, favoring neither the buyer or seller.

The February 2012 numbers were: 68 active listings, 21 pending sales and 2 condos closed.  Similar to last year’s activity,  but with some improved sales and pending activity.


Search here for Jensen Beach Real Estate for Sale


Jensen Beach Florida Real Estate presented by:
Gabe Sanders

 

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, February 2013

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, February 2013

03.24.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, February 2013

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for February 2013

 For February 2013in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 103 active listings. (Down by 19 homes from last month)

[singlepic id=3360 w=600 h=600 float=center]

[singlepic id=3361 w=600 h=600 float=center]

 

87 Residential sales are pending and awaiting close or lender approval. (Up 21 homes from January)

[singlepic id=3362 w=600 h=600 float=center]

 

17 Homes Sold (Up by 3 homes from January)

[singlepic id=3363 w=600 h=600 float=center]

[singlepic id=3364 =600 h=600 float=center]

[singlepic id=3365 w=600 h=600 float=center]

[singlepic id=3366 w=600 h=600 float=center]

 

The Jensen Beach residential real estate market, zip code 34957 for February rebounded from a slower January with increased sales and pending sales.   The current inventory is now down to very low levels and unless we have more available homes, I expect numbers to decline once the sizable number of pending sales close.  For the immediate future, there should be excellent sales activity as the pending sales close.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 6.1 months, a balanced market.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The February 2012 numbers were: 155 active listings, 91 pending sales and 16 home sales closed.  Considering a 50% reduction in inventory, and better pending and closed numbers, the Jensen Beach real estate market is doing very well.

Search here for Jensen Beach Real Estate for Sale

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

 

Jensen Beach, FL Real Estate

Rental Properties

Residential Properties

Vacant Land Properties

Condominium Properties

Commercial Properties

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, February 2013

Palm City Florida Market Report ZIP Code 34990 – Condo, February 2013

03.23.13 by

Palm City Florida Market Report ZIP Code 34990 – Condo, February 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for February 2013

 

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



There are currently 69 active condo listings. (No change from January)

[singlepic id=3409 w=600 h=600 float=center]

[singlepic id=3410 w=600 h=600 float=center]

 

7 Condo sales are pending and awaiting close or lender approval. (Down 1 condo from last month)

[singlepic id=3411 w=600 h=600 float=center]

 

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

[singlepic id=3412 w=600 h=600 float=center]

[singlepic id=3413 w=600 h=600 float=center]

[singlepic id=3414 w=600 h=600 float=center]

[singlepic id=3415 w=600 h=600 float=center]

The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.  For February, the Palm City condo market activity had no change in inventory and one less pending sale and one greater closed sale.
 
The current absorption rate for condos in the 34990 zip code area is 17.3 months.  A very strong buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.
 
The February 2012 numbers were: 71 active listings, 1 pending sales and 5 closed sales.   Close comparison to last year, with the exception of the increased pending activity this year.

 

Search here for Palm City Florida Real Estate for Sale ( Condos)
Search for Martin County Real Estate


Palm City Florida Real Estate presented by:
Gabe Sanders

 

Palm City Florida Market Report ZIP Code 34990 – Condo, February 2013

Palm City Florida Market Report ZIP Code 34990 – Residential, February 2013

03.21.13 by

Palm City Florida Market Report ZIP Code 34990 – Residential, February 2013

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for February 2013

 

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


There are currently 408 active listings (A decrease of 3 homes from January)

[singlepic id=3367 w=600 h=600 float=center]

[singlepic id=3368 w=600 h=600 float=center]

201 Residential sales are pending and awaiting close or lender approval. (An increase of 25 homes from last month)

[singlepic id=3369 w=600 h=600 float=center]

34 Homes Sold in February (Decreased by 5 homes from January)

[singlepic id=3370 w=600 h=600 float=center]

[singlepic id=3371 w=600 h=600 float=center]

[singlepic id=3372 w=600 h=600 float=center]

[singlepic id=3373 w=600 h=600 float=center]

 
For the Palm City, zip code 34990, area of Martin County Florida the residential market activity shows promise for a strong spring.  Sales were off for the second month (slightly) representing the reduced traffic during the holidays.  Pending sales are up again and show good activity potential for the next few months.  The inventory went down just by a small amount, though still significantly lower than in the past few years.

The current absorption rate stands at 12.1 months.  This rate still signifies a buyer’s market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The February 2012 numbers were:  482 active listings, 176 pending sales and 49 closed sales.  Compared to last year, we have some better pending activity, yet fewer closed sales.

 

Search here for Palm City Florida Real Estate for Sale

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

 

Palm City, FL Real Estate

Rental Properties

Residential Properties

Condominium Properties

Vacant Land Properties

Commercial Properties

 

Palm City Florida Market Report ZIP Code 34990 – Residential, February 2013

Stuart Florida Market Report ZIP Code 34997 – Condo, February 2013

03.18.13 by

Stuart Florida Market Report ZIP Code 34997 – Condo, February 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2013

 

For February 2013 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 102 active condo listings (A decrease of 4 condos form January).

[singlepic id=3430 w=600 h=600 float=center]

[singlepic id=3431 w=600 h=600 float=center]

 

36 Condo sales are pending and awaiting close or lender approval (Up 14 from January).

[singlepic id=3432 w=600 h=600 float=center]

 

8 Condos Sold in February (An increase of 5 condos from January).

[singlepic id=3433 w=600 h=600 float=center]

[singlepic id=3434 w=600 h=600 float=center]

[singlepic id=3435 w=600 h=600 float=center]

[singlepic id=3436 w=600 h=600 float=center]

 

After a fairly slow start to 2013 the Stuart condo market for the area in ZIP code 34997 showed a strong February.  Sales increased by 5 units.  Pending sales took a significant rise. While the inventory decreased resulting in less available condos for sale.  This should result in some added activity for this segment of the market in the coming months.

The one month absorption rate decreased to 12.8 months.  This is still a buyers market for the Stuart Florida Market Report ZIP Code 34997.  Typically, a 6 month absorption rate signifies a balanced market that favors neither the buyer nor the seller. 

The February 2012 numbers were: 112 active listings, 34 pending sales and 8 closed sales.  Very similar results year to year for February.

 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2013

 

 

Stuart Florida Market Report ZIP Code 34997 – Residential, February 2013

03.17.13 by

Stuart Florida Market Report ZIP Code 34997 – Residential, February 2013

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for February 2013

 

There are currently 332 active listings (A decrease of 29 homes from January).

[singlepic id=3388 w=600 h=600 float=center]

[singlepic id=3389 w=600 h=600 float=center]

 

243 Residential sales are pending and awaiting close or lender approval (An increase of 53 homes from January).

[singlepic id=3390 w=600 h=600 float=center]

 

47 Homes Sold in February (Down 7 homes from January)

[singlepic id=3391 w=600 h=600 float=center]

[singlepic id=3392 =600 h=600 float=center]

[singlepic id=3393 w=600 h=600 float=center]

[singlepic id=3394 =600 h=600 float=center]

For February 2013, the Stuart Florida Market Report ZIP Code 34997 the closed sales were off marginally, but an impressive number of pending sales which should result in a stronger sold homes report in the next few months.  With the big increase in pending sales, the active inventory of available homes decreased significantly this month.
 
The current one month absorption rate climbed to 7.7 months which indicates a buyers market for the 34997 Stuart zip code real estate market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.
 
The 2012 numbers were: 471 active listings, 242 pending listings and 60 closed sales.  Even with over 100 fewer available homes on the market this year, pending sales remained as strong as last year.
 
 

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 34997 – Residential, February 2013

Stuart Florida Market Report ZIP Code 34996 – Condo, February 2013

03.15.13 by

Stuart Florida Market Report ZIP Code 34996 – Condo, February 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for February 2013

For February 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 199 active condo listings (Down 19 from last month).

[singlepic id=3423 w=600 h=600 float=center]

[singlepic id=3424 w=600 h=600 float=center]

 

62 Condo sales are pending and awaiting close or lender approval (An increase of 8 condos from January).

[singlepic id=3425 w=600 h=600 float=center]

 

20 Condos Sold in February (Up by 7 from January)

[singlepic id=3426 w=600 h=600 float=center]

[singlepic id=3427 w=600 h=600 float=center]

[singlepic id=3428 w=600 h=600 float=center]

[singlepic id=3429 w=600 h=600 float=center]

 

The Stuart Florida Market Report ZIP Code 34996 for Condos showed some increased activity.  And, after 3 months of increased inventory, it stopped this month and went down by 19.  Pending and sold activity were both up for February.  Quite surprising that the inventory dropped with this strong activity.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is 10 months.  Still indicating a buyers’ market.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for February 2012 were: 207 active listings, 43 pending sales and 13 closed sales.  Even with a slightly lower active inventory for 2013, we’re still generating better activity than last year.

Search here for Stuart Florida Real Estate for Sale ( Condos)

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Florida Market Report ZIP Code 34996 – Condo, February 2013

Stuart Florida Market Report ZIP Code 34996 – Residential, February 2013

03.14.13 by

Stuart Florida Market Report ZIP Code 34996 – Residential, February 2013

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for February 2013

 

For February, 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 179 active listings (Decreased by 1 home from January).

[singlepic id=3381 w=600 h=600 float=center]

[singlepic id=3382 w=600 h=600 float=center]

 

47 Residential sales are pending and awaiting close or lender approval (Increased by 24 from January).

[singlepic id=3383 w=600 h=600 float=center]

 

5 Homes Sold in February (Down 4 homes from January).

[singlepic id=3384 w=600 h=600 float=center]

[singlepic id=3385 w=600 h=600 float=center]

[singlepic id=3386 w=600 h=600 float=center]

[singlepic id=3387 w=600 h=600 float=center]

In the 34996 zip code area of Stuart Florida real estate market activity for February 2013 the most glaring change is more than a 50% jump in pending sales.  Sales were off for the month, reflecting the reduced activity from the holiday season.  Inventory remained unchanged and is now getting quite low if all the pending sales close in the next few months.

The one month absorption rate for the 34996 zip code area of Stuart Florida for February jumped to 36 months, which represents a strong buyer’s market.  This figure should be dropping as the pending sales close in the coming months. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for February of 2012 were: 183 active listings, 35 pending sales and 8 closed sales.  Very similar numbers from last year to this year.

Search here for Stuart Florida Real Estate for Sale


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

 

Stuart Florida Market Report ZIP Code 34996 – Residential, February 2013

Stuart Florida Market Report ZIP Code 34994 – Condo, February 2013

03.13.13 by

Stuart Florida Market Report ZIP Code 34994 – Condo, February 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for February 2013

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

 

There are currently 134 active condo listings (A drop of 24 condos from January).

[singlepic id=3416 w=600 h=600 float=center]

[singlepic id=3417 w=600 h=600 float=center]


 

50 Condo sales are pending and awaiting close or lender approval. (Up 9 condos from last month)

[singlepic id=3418 w=600 h=600 float=center]

 

19 Condos Sold in February (An increase of 4 condos from January).

[singlepic id=3419 w=600 h=600 float=center]

[singlepic id=3420 w=600 h=600 float=center]

[singlepic id=3421 w=600 h=600 float=center]

[singlepic id=3422 w=600 h=600 float=center]

Another strong month for the Stuart Condo market for zip code 34994.   Both pending and closed sales increased from January.  Unfortunately the inventory decreased by a fairly large amount.

The one month absorption rate dropped to 7 months, which still signifies a buyers market, although only a slight one.  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 February the numbers were 134 active listings, 43 pending sales, and 7 closed sales.  Considerably better numbers for this year with a similar inventory. 

Search here for Stuart Florida Real Estate for Sale ( Condos)

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

Stuart Florida Market Report ZIP Code 34994 – Condo, February 2013

Stuart Florida Market Report ZIP Code 34994 – Residential, February 2013

03.11.13 by

Stuart Florida Market Report ZIP Code 34994 – Residential, February 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for February 2013

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

 

There are currently 76 active listings (Up 12 from January).

[singlepic id=3374 w=600 h=600 float=center]

[singlepic id=3375 w=600 h=600 float=center]

 

23 Residential sales are pending and awaiting close or lender approval (Down 8 from January).

[singlepic id=3376 w=600 h=600 float=center]

 

10 Homes Sold in January (Up 5 homes from January)

[singlepic id=3377 w=600 h=600 float=center]

[singlepic id=3378 w=600 h=600 float=center]

[singlepic id=3379 w=600 h=600 float=center]

[singlepic id=3380 w=600 h=600 float=center]

The 34994 ZIP code area of the Stuart, Florida real estate market had a nice jump in sales in February, but also a disappointing drop in pending sales.  Inventory rose by 12 homes, but is still quite low which is impacting the sales for this segment of the Stuart, FL real estate market.

The one month absorption rate for the 34994 zip code for February dropped to 7.6 months. which signifies a slight buyers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The February 2012 numbers were 78 Active Listings, 43 pending sales and 7 closed sales.  Our pending sales for this year are almost half of last year’s, while other indicators are fairly close.  Not a good indication for the spring for the 3994 zip code area of Stuart.

 

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, February 2013

Sewalls Point Residential Market Report February 2013

03.10.13 by

Sewalls Point Residential Market Report February 2013

Sewalls Point Real Estate Snapshot, Residential Sales for February 2013

 

There are currently 55 active listings (an increase of 6 home for sale from January)

[singlepic id=3346 w=600 h=600 float=center]

[singlepic id=3347 w=600 h=600 float=center]

 

17 Residential sales are pending and awaiting close or lender approval (an increase of 10 homes from January)

[singlepic id=3348 w=600 h=600 float=center]

 

2 Homes sold in January (Unchanged from January)

[singlepic id=3349 w=600 h=600 float=center]

[singlepic id=3350 w=600 h=600 float=center]

[singlepic id=3351 w=600 h=600 float=center]

[singlepic id=3352 w=600 h=600 float=center]

 

February was the second month in a row of slow sales in the Sewalls Point real estate market in Stuart, FL.  But it appears that this may be the end of this trend as pending sales more than doubled to 17 homes and the inventory came back to approximately normal levels after some historically low numbers.

The absorption rate now stands at 27.5 months.  This is a strong buyers market again.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to February of 2012, the inventory was 66 homes homes on the market, 9 pending sales and there was only 3 closed sales.  Similar sales from last year, but much better pending sales, portending increased sales for the next few months.

Search here for Sewalls Point Florida Real Estate for Sale

Search for Martin County Real Estate


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

Sewalls Point, FL Real Estate

Rental Properties

Vacant Land Properties

Residential Properties

 

Sewalls Point Market Report – Residential, February 2013