Stuart Florida 34994 Residential Market Report July 2019

Stuart Florida 34994 Residential Market Report July 2019

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for July 2019

For June 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 89 active listings (Up by 3 homes from June)

Stuart Florida 34994 Residential Market Report July 2019

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

Stuart Florida 34994 Residential Market Report July 2019

16 Homes Sold in July (Decreased by 11 homes from June)

Stuart Florida 34994 Residential Market Report July 2019

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida showed much weaker activity for July as compared to the last few months.  Both pending and closed sales were down by considerable numbers.

The one-month absorption rate for the 34994 zip code for July jumped to 5.6 months from 3.2 months for June.  Remaining in a seller’s market for the 34994 zip code area of Stuart, FL, but approaching a balanced one.   A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The July 2018 numbers were 71 Active Listings, 30 pending sales, and 21 closed sales.  Much better activity last year than for July 2019.

Stuart Florida 34994 Residential Market Report July 2019

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For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart Florida 34994 Residential Real Estate Market Report July 2019

Pipers Landing August 2019 Market Report

Pipers Landing August 2019 Market Report

There are currently 15 active listings for sale in Pipers Landing.  List prices for these homes and condos range from $49,000 to $1,490,000 for an average list price of $318,200 which equals $91.89 per sq. ft. of living area.

As of this time, there are 2 homes under contract which haven’t closed to date.  These homes were listed for $100,000 and $150,000.  This equals an average list price of $125,000 or $59.86 per sq. ft. of living area. This home on market for 36 days before going under contract.

In the past 12 months, 19 homes have sold in Pipers Landing.  The sales prices ranged from a low of $35,000 up to $422,000.  This works out to an average sales price of $154,145 which is $50.14 per sq. ft. of living area.  These homes averaged 233 days on the market before going under contract and sold for 81% of the list price.

About Pipers Landing in Palm City FL:

Pipers Landing in Palm City FL

A true world class golfing community in Palm City with just 302 homes on 600 acres of pristine Florida natural preserve and lushly landscaped grounds.  This is a waterfront community with deep water ocean access dockage that can accommodate yachts up to 75′.
Pipers Landing in Palm City FL

This is an equity golf course community (membership is mandatory).  Championship Joe Lee designed course (6,832 yards) offering five different levels of play for all abilities.  Homes include spacious condos to spacious waterfront estate homes.  All this in beautiful Martin County, Florida, which boasts an abundance of beautiful waterways and quaint historic areas to experience and enjoy.

Pipers Landing in Palm City FL

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Pipers Landing August 2019 Market Report

Martin County Townhouses and Condos 2019 2’nd Quarter Report

Martin County Townhouses and Condos 2019 2’nd Quarter Report

2’nd Quarter 2019

Click the image below to view the full details of the Martin County townhouses and condos market report data as reported by Martin County Realtor for the 2’nd Quarter 2019.

https://www.gabesanders.com/site_data/gabesanders/editor_assets/Market_Data/Quarterly/Martin_County_Townhouses_and_Condos_2019-Q2_Detail.pdf

The Martin County townhouse and condo market had considerably weaker sales activity when compared to last year in the second quarter of 2018.  Prices, though, continued to rise rapidly.  The inventory of available properties has improved from last year.

To view the full report, click the image above or this link.

View the entire set of data at GabeSanders.com

Martin County Townhouses and Condos 2019 2’nd Quarter Report

Martin County Single Family Homes 2019 2’nd Quarter Report

Martin County Single Family Homes 2019 2’nd Quarter Report

Click the image below to view the full details of the Martin County single-family homes market report data as reported by Martin County Realtor for the 2’nd Quarter 2019.

Martin County Single Family Homes 2019 2'nd Quarter Report

The Martin County single family home market showed improved sales volume when compared to the first quarter of 2018, last year.   Prices were mixed with the average sales price declining and the median sales price rising.  Though, it remains an active market.

To view the full report, click the image above or this link.

View the entire set of data at GabeSanders.com

Martin County Single Family Homes 2019 2’nd Quarter Report

Martin County Townhouses and Condos June 2019 Market Report

Martin County Townhouses and Condos June 2019 Market Report

The Martin County Townhouses and Condos June Market Report shows weaker sales activity when compared to last year.  Closed sales for the month were down by 17.1%.  They were down by 17.3% in May.  While new sales under contract (new pending sales) were down by 2.2% from June 2018.  They also decreased by 13.1% in May.

Prices, though, continue to rise at surprisingly strong rates.  The median sales price increased by 25.1% (was up by 10.2% in May) while the average sales price increased by 32.5% (was up by 5.1% in May).

The inventory of available townhouses and condos decreased by 37 units to 394 properties.  This is still a 9.7% greater inventory then we had for in June 2018.  Currently, there’s a 4.3 month supply of inventory (compared to 3.5 months for June 2018).  Remaining in a seller’s market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos June 2019 Market Report

Click here to view or download the full report:
Martin County Townhouses and Condos June 2019 Market Report

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Martin County Townhouses and Condos June 2019 Market Report