Hobe Sound FL 33455 Condo Market Report December 2015

Hobe Sound FL 33455 Condo Market Report December 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2015

For December 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 4 active condo listings. (Unchanged from November)

Hobe Sound FL 33455 Condo Market Report December 2015

1 Condos are pending and awaiting close. (Unchanged from November)

Hobe Sound FL 33455 Condo Market Report December 2015

1 Condos sold in November (Unchanged from November)

Hobe Sound FL 33455 Condo Market Report December 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  With only 4 actively listed condos, there’s just not that many options out there for buyers.  Amazingly, there were no changes from last month at all.

The current absorption rate is 4 months (Unchanged from last month).  This absorption rate should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that may not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The December 2014 numbers were: 13 active listings, 6 pending sales and 5 closed sales.  Much better activity last year with considerably more inventory to work with.

Hobe Sound FL 33455 Condo Market Report December 2015

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Hobe Sound FL 33455 Condo Market Report December 2015

Hobe Sound FL 33455 Residential Market Report December 2015

Hobe Sound FL 33455 Residential Market Report December 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for December 2015

  For December 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 187 active listings. (Up by 21 homes from November)

Hobe Sound FL 33455 Residential Market Report December 2015

61 Residential sales are pending and awaiting close  (Down by 14 homes from November)

Hobe Sound FL 33455 Residential Market Report December 2015

40 Homes Sold in December (Up by 12 homes from last month)

Hobe Sound FL 33455 Residential Market Report December 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County rebounded from a slower November with an increase in closed sales and inventory as well.  Unfortunately, pending sales were off for December.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 4.7 months (5.9 months in November).  Back into a sellers market for December after one month of a balanced 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 December 2014 were:  231 active listings, 67 pending sales and 33 closed sales. Showing better closed activity for this year even with the reduced inventory.

Hobe Sound FL 33455 Residential Market Report December 2015

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Hobe Sound FL 33455 Residential Market Report December 2015

Jensen Beach FL 34957 Condo Market Report December 2015

Jensen Beach FL 34957 Condo Market Report December 2015

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for December 2015

For December 2015 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 37 active listings. (Increased by 1 condos from November)

Jensen Beach FL 34957 Condo Market Report December 2015

12 Condo sales are pending and awaiting settlement. (Decreased by 5 condos from November)

Jensen Beach FL 34957 Condo Market Report December 2015

7 Condos Sold (Increased by 5 condos from November)

Jensen Beach FL 34957 Condo Market Report December 2015

 The Jensen Beach FL 34957 Condo Market Report December 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  Pending sales were down for December while there was a nice increase in closed sales.

The one month absorption rate for the December 2015, Jensen Beach Florida Market Report ZIP Code 34957 plunged to 5.3  months (from  18 months in November), bringing this segment of the Martin County condo market back into a sellers market again, after one month as a buyers market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The December 2014 numbers were: 44 active listings, 15 pending sales and 5 condos closed.  Very similar numbers when compared to last year’s activity.

Jensen Beach FL 34957 Condo Market Report December 2015

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Jensen Beach FL 34957 Condo Market Report December 2015

Jensen Beach FL 34957 Residential Market Report December 2015

Jensen Beach FL 34957 Residential Market Report December 2015

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for December 2015

 For December 2015 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 121 active listings. (Down by 1 homes from last month)

Jensen Beach FL 34957 Residential Market Report December 2015

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

Jensen Beach FL 34957 Residential Market Report December 2015

28 Homes Sold (Increased by 10 homes from November)

Jensen Beach FL 34957 Residential Market Report December 2015

The Jensen Beach FL 34957 Residential Market had a very nice jump in closed sales for December while both pending sales and invenotry were basically unchanged.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 4.3 months (was 6.8 months in November).  Slid right back into a sellers market after a one month stint in a balanced market.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The December 2014 numbers were: 140 active listings, 56 pending sales and 33 home sales closed.   A little greater closed activity last year, but better pending sales this year and all with a reduced inventory from last year.
Jensen Beach FL 34957 Residential Market Report December 2015

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Jensen Beach FL 34957 Residential Market Report December 2015

Palm City FL 34990 Condo Market Report December 2015

Palm City FL 34990 Condo Market Report December 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2015

For December 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 52 active condo listings. (Decreased by 1 condos from November)

Palm City FL 34990 Condo Market Report December 2015

9 Condo sales are pending and awaiting close or lender approval. (Up by 1 pending condos from last month)

Palm City FL 34990 Condo Market Report December 2015

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

Palm City FL 34990 Condo Market Report December 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For December sales were off while the inventory and pending sales were just about unchanged.

The current absorption rate for condos in the 34990 zip code area plunged to 13 months (was 6.6 months in December).   Back into a buyers market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The December 2014 numbers were: 61 active listings, 6 pending sales and 6 closed sales.   Somewhat better activity last year, but only marginal.  If the lower inventory is considered there’s a better percentage of activity this year.
Palm City FL 34990 Condo Market Report December 2015

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Palm City FL 34990 Condo Market Report December 2015

Palm City FL 34990 Residential Market Report December 2015

Palm City FL 34990 Residential Market Report December 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2015

For December 2015 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 375 active listings (Decreased by 14 homes from November)

Palm City FL 34990 Residential Market Report December 2015

 114 Residential sales are pending and awaiting close or lender approval. (Decreased by 8 homes from last month)

Palm City FL 34990 Residential Market Report December 2015

60 Homes Sold in November (Increased by 13 sold homes from November)

Palm City FL 34990 Residential Market Report December 2015

After a fairly weak November, the Palm City FL 34990 came back strong for December.  Unfortunately the inventory decreased this month after some much needed increases in the past few months. Pending sales were off a little while we had a nice jump in closed sales.
 The current absorption rate increased to to 6.3 months from 8.3 months in November.  Back into a balanced market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The December 2014 numbers were:  431 active listings, 116 pending sales and 76 closed sales.  Better closed activity last year, though pending sales are just as strong this year even with the reduced inventory.

Palm City FL 34990 Residential Market Report December 2015

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Palm City FL 34990 Residential Market Report December 2015

Stuart FL 34997 Condo Market Report December 2015

Stuart FL 34997 Condo Market Report December 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2015

For December 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 63 active condo listings (Up by 5 condos from November).

Stuart FL 34997 Condo Market Report December 2015

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

Stuart FL 34997 Condo Market Report December 2015

21 Condos Sold in December (Increased by 12 condos from November).

Stuart FL 34997 Condo Market Report December 2015

     The Stuart FL condo market for zip code 34997 continues with excellent activity for December.  Our inventory rose for the fifth month in a row and we now have surpassed last years active number of condos for sale.  Pending sales were off unfortunately, but there was a very strong month of closed sales in December.
     The one month absorption rate plunged to 3 months from 6.4 months for November.  Back into a strong sellers market after last months balanced market. Continuing a trend prevalent for most of the past year.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The December 2014 numbers were: 44 active listings, 15 pending sales and 5 closed sales.  Much better closed activity this year as compared to 2014.  Encouragingly, the inventory of condos in the 34997 zip code is up from last year.

Stuart FL 34997 Condo Market Report December 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2015

Stuart FL 34997 Residential Market Report December 2015

Stuart FL 34997 Residential Market Report December 2015

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

There are currently 308 active listings (Decreased by 3 homes from November).

Stuart FL 34997 Residential Market Report December 2015

163 Residential sales are pending and awaiting close or lender approval (Decreased by 1 homes from November).

Stuart FL 34997 Residential Market Report December 2015

62 Homes Sold in December (Decreased by 3 homes from November)

Stuart FL 34997 Residential Market Report December 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues as the largest and the strongest segment of the Martin County single family real estate market.  For December, there has been very little changes from the previous month.
     The current one month absorption rate remained almost the same at 5.0  months (was 4.8 months for November).  Continuing as a sellers market for the 34997 segment of the Stuart residential market for all of the year.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for December, were: 337 active listings, 177 pending listings and 79 closed sales.  Better activity across the board from 2014, though the percentages are similar when the reduced inventory is factored into the equation.
Stuart FL 34997 Residential Market Report December 2015

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Stuart FL 34997 Residential Market Report December 2015

Stuart FL 34996 Condo Market Report December 2015

Stuart FL 34996 Condo Market Report December 2015

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

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

There are currently 102 active condo listings (Up by 8 condos last month).

Stuart FL 34996 Condo Market Report December 2015

31 Condo sales are pending and awaiting close or lender approval (Decreased by 1 condos from November).

Stuart FL 34996 Condo Market Report December 2015

18 Condos Sold in December (Increased by 2 condos from November) 

Stuart FL 34996 Condo Market Report December 2015

The Stuart FL 34996 Condo Market of Stuart continues to do well.  Another increase in inventory that we were in bad need of.  And, pending and closed sales continue to do well.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 decreased to 5.7 months from November’s 5.9 months.  A small move towards a sellers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for December 2014 were: 142 active listings, 47 pending sales and 21 closed sales.  Somewhat slower market activity for 2015 as compared to last year, though in large measure due to the reduced inventory of available condos for sale.

Stuart FL 34996 Condo Market Report December 2015

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Stuart FL 34996 Condo Market Report December 2015

Rocky Point Condo in Boating Community Under Contract

Rocky Point Condo in Boating Community Under Contract

There’s a new price for this condo in the Moorings of Manatee in Rocky Point in Stuart FL by the Gabe Sanders BlueWater realty team.  This is a well maintained 2 bedroom, 2 bathroom condo in a boating community.  Now available for $161,900.

Moorings of Manatee Condo in Rocky Point

Beautiful 2nd floor, end unit in the boating community of the Moorings of Manatee. Bright and airy with updated kitchen, newer appliances and open floor plan. Unit has a pool view with a peek-a-boo view of the water. There are 2 assigned parking spaces, accordion hurricane shutters with tile on the patio. Unit has been well maintained with the following updates: new roof 2006, new porch screen 2014, new a/c compressor 2011, new kitchen cabinets 2005, refrigerator & washer/dryer 3 years old, stove & dishwasher 5 years old. Fish off the dock. Docks may be available to purchase or lease. Ocean access with 1 fixed bridge (9’ clearance). Florida living at its finest.

 Moorings of Manatee Condo in Rocky Point Moorings of Manatee Condo in Rocky Point

Moorings of Manatee Condo in Rocky Point Moorings of Manatee Condo in Rocky Point

Search here for all available Moorings of Manatee Condos in Rocky Point

Moorings of Manatee Condo in Rocky Point Moorings of Manatee Condo in Rocky Point

Cedar Pointe Condo Under Contract

Cedar Pointe Condo Under Contract

This Cedar Pointe 2 bedroom 2 bathroom condo in Village 8 Building 140 Suite 3 is now under contract.  Sorry if you were waiting for a better price and missed this wonderful opportunity for a much sought after first floor condo.

Cedar Pointe Village 8 Condo
First floor 2 bedroom and 2 bathroom condo in Cedar Pointe. Full width glassed/screened patio in rear leading out to a quiet garden area. Conveniently located next to the Village 8 heated pool and clubhouse and within minutes of beaches, golf, fishing, shopping, historic downtown Stuart, as well as many medical and professional services. This is an excellent opportunity for an affordable permanent home right in the heart of Stuart, or use it as your getaway from those cold northern winters.

Cedar Pointe Village 8 Condo Cedar Pointe Village 8 Condo

Cedar Pointe is an active adult community of 62, 2 story buildings divided into 8 villages with numerous clubhouses and pools as well as recreational areas.  One of the prime locations in the city of Stuart only minutes away from the pristine beaches of the Atlantic Ocean and close to shopping, restaurants and medical facilities.

Cedar Pointe Village 8 Condo Cedar Pointe Village 8 Condo

This 55+ community is the jewel of the Stuart area condominiums because of it’s location, reasonable condo fees from the high $200′s to the low $300′s per month depending on size and village (each village sets their own budget).  Cedar Pointe does not allow dogs.  One indoor cat is permitted in Villages 1 through 5.

Cedar Pointe Village 8 Condo Cedar Pointe Village 8 Condo

Condominium units consist of 1 bedroom 1 and 1/2 bathroom units and 2 bedroom, 2 bath units.  Each condo has one assigned parking spot along with numerous guests spots throughout the complex.  Laundry facilities are available in each building.

Cedar Pointe Village 8 Condo Cedar Pointe Village 8 Condo

Currently a very affordable complex for those looking for a full time Stuart, Florida home or just a winter getaway.

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Cedar Pointe Condo Under Contract

Hobe Sound FL 33455 Condo Market Report November 2015

Hobe Sound FL 33455 Condo Market Report November 2015

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for November 2015

 

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

 

There are currently 4 active condo listings. (Unchanged from October)

Hobe Sound FL 33455 Condo Market Report November 2015

1 Condos are pending and awaiting close. (Up by 1 condos from October)

Hobe Sound FL 33455 Condo Market Report November 2015

1 Condos sold in October (Decreased by 2 condos from October)

Hobe Sound FL 33455 Condo Market Report November 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  With only 4 actively listed condos, there’s just not that many options out there for buyers.  Any one considering selling their Hobe Sound condo, the time couldn’t be better than right now.

The current absorption rate is 4 months (Last month it was 1.3 months).  This absorption rate should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that may not reflect 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 November 2014 numbers were: 9 active listings, 4 pending sales and 4 closed sales.  Much better volume last year.  But there was over twice the inventory as well.

Hobe Sound FL 33455 Condo Market Report November 2015

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Hobe Sound FL 33455 Condo Market Report November 2015

 

Hobe Sound FL 33455 Residential Market Report November 2015

Hobe Sound FL 33455 Residential Market Report November 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for November 2015

  For November 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 166 active listings. (Down by 6 homes from October)

Hobe Sound FL 33455 Residential Market Report November 2015

75 Residential sales are pending and awaiting close  (Up by 7 homes from October)

Hobe Sound FL 33455 Residential Market Report November 2015

28 Homes Sold in November (Down by 16 homes from last month)

Hobe Sound FL 33455 Residential Market Report November 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County showed less sale as compared to last month, bur continued strong activity and a very good number of pending sales, indicating strong sales for the near future.  After a couple of months of increased inventory, the trend reversed for November.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 5.9 months (3.9 months in October).  Just shy of a balanced market for November.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for November 2014 were:  243 active listings, 71 pending sales and 20 closed sales. Considerably better activity this year with a much reduced inventory.

Hobe Sound FL 33455 Residential Market Report November 2015

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Hobe Sound FL 33455 Residential Market Report November 2015

Jensen Beach FL 34957 Condo Market Report November 2015

Jensen Beach FL 34957 Condo Market Report November 2015

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for November 2015

For November 2015 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 36 active listings. (Increased by 12 condos from October)

Jensen Beach FL 34957 Condo Market Report November 2015

17 Condo sales are pending and awaiting settlement. (Unchanged from October)

Jensen Beach FL 34957 Condo Market Report November 2015

2 Condos Sold (Decreased by 2 condos from October)

Jensen Beach FL 34957 Condo Market Report November 2015

 The Jensen Beach FL 34957 Condo Market Report November 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  Nice big jump in inventory for the month, bringing us closer to what we had last year.  Though, activity this month was pretty weak.

The one month absorption rate for the November 2015, Jensen Beach Florida Market Report ZIP Code 34957 rose to 18  months (from 6 months in October), bringing this segment of the Martin County condo market back into a strong buyers market for the first time in quite a while.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The November 2014 numbers were: 38 active listings, 15 pending sales and 4 condos closed.  Slightly weaker activity for Jensen Beach condos this year as compared to last.

Jensen Beach FL 34957 Condo Market Report November 2015

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Jensen Beach FL 34957 Condo Market Report November 2015

Jensen Beach FL 34957 Residential Market Report November 2015

Jensen Beach FL 34957 Residential Market Report November 2015

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for November 2015

 For November 2015 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 122 active listings. (Up by 3 homes from last month)

Jensen Beach FL 34957 Residential Market Report November 2015

70 Residential sales are pending and awaiting close or lender approval. (Up by 22 homes from October)

Jensen Beach FL 34957 Residential Market Report November 2015

18 Homes Sold (Decreased by 9 homes from October)

Jensen Beach FL 34957 Residential Market Report November 2015

The Jensen Beach FL 34957 Residential Market continues to be a strong market.  Closed sales were off some for November, though with the large increase in pending sales, this should indicate strong sales continuing through the holiday season.  Also, nice to see some increase in inventory, even if it was just a small bump.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 6.8 months (was 4.9 months in October).  Back into a balanced market for Jensen Beach residential home sales.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The November 2014 numbers were: 134 active listings, 55 pending sales and 24 home sales closed.   Better closed activity last year, though with the greater pending activity for this year, this may soon change.
Jensen Beach FL 34957 Residential Market Report November 2015

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Jensen Beach FL 34957 Residential Market Report November 2015

Palm City FL 34990 Condo Market Report November 2015

Palm City FL 34990 Condo Market Report November 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2015

 

For November 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 53 active condo listings. (Decreased by 1 condos from October)

Palm City FL 34990 Condo Market Report November 2015

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

Palm City FL 34990 Condo Market Report November 2015

8 Condos Sold in November. (Up by 5 condos from October)

Palm City FL 34990 Condo Market Report November 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For November this segment of our market had a nice jump in closed sales sending us into a balanced market.  It would be nice to see this trend continue.

The current absorption rate for condos in the 34990 zip code area plunged to 6.6 months (was 18 months in November).   Back into a balanced market for Palm City condos.  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 November 2014 numbers were: 61 active listings, 11 pending sales and 2 closed sales.   Better closed activity this year, with a slightly reduced inventory.  Though, pending sales were better last year.
Palm City FL 34990 Condo Market Report November 2015

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Palm City FL 34990 Condo Market Report November 2015

Palm City FL 34990 Residential Market Report November 2015

Palm City FL 34990 Residential Market Report November 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for November 2015

 

For November 2015 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 389 active listings (Increased by 12 homes from October)

Palm City FL 34990 Residential Market Report November 2015

 122 Residential sales are pending and awaiting close or lender approval. (Decreased by 15 homes from last month)

Palm City FL 34990 Residential Market Report November 2015

47 Homes Sold in October (Decreased by 11 sold homes from October)

Palm City FL 34990 Residential Market Report November 2015

After a very strong October, the Palm City FL 34990 had a moderating month for November.  The inventory continues to see some increases, while both pending and closed sales were off.  Whether this is a result of the holiday season or possibly prices having risen to fast, I just can’t tell at this point, but this development bears watching.
 The current absorption rate increased to to 8.3 months from 6.5 months in October.  Into a buyers market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The November 2014 numbers were:  433 active listings, 124 pending sales and 56 closed sales.  A little less volume of closed sales as compared to last year.  Though, still with less inventory also.

Palm City FL 34990 Residential Market Report November 2015

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Palm City FL 34990 Residential Market Report November 2015

Stuart FL 34997 Condo Market Report November 2015

Stuart FL 34997 Condo Market Report November 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2015

 

For November 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 58 active condo listings (Down by 1 condos from October).

Stuart FL 34997 Condo Market Report November 2015

29 Condo sales are pending and awaiting close or lender approval (Increased by 8 condos from October).

Stuart FL 34997 Condo Market Report November 2015

9 Condos Sold in November (Decreased by 3 condos from October).

Stuart FL 34997 Condo Market Report November 2015

     The Stuart FL condo market for zip code 34997 showed positive results for November.  Our inventory rose for the fourth month in a row and we  now have surpassed last years figures.  Pending sales rose by a good margin while closed sales were off.  Indications look very positive for the height of the season for condos coming in the next few months.
     The one month absorption rate increased to 6.4 months from 4.9 months for October.  Back into a balanced market after last months sellers market. Continuing a trend prevalent for most of the past year.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The November 2014 numbers were: 51 active listings, 25 pending sales and 10 closed sales.   Very similar volume of sales and pending sales to last year.  Encouragingly, the inventory of condos in the 34997 zip code is up from last year.

Stuart FL 34997 Condo Market Report November 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2015

 

 

Stuart FL 34997 Residential Market Report November 2015

Stuart FL 34997 Residential Market Report November 2015

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

 

There are currently 311 active listings (Increased by 3 homes from October).

Stuart FL 34997 Residential Market Report November 2015

164 Residential sales are pending and awaiting close or lender approval (Increased by 1 homes from October).

Stuart FL 34997 Residential Market Report November 2015

65 Homes Sold in November (Decreased by 1 homes from October)

Stuart FL 34997 Residential Market Report November 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues as the largest and the strongest segment of the Martin County single family real estate market.  We’ve had three months of increased inventory, and the sales activity seems to be absorbing all this product very strongly as we remain in a sellers market.
     The current one month absorption rate remained almost the same at 4.8  months (was 4.7 months for October).  Continuing as a sellers market for the 34997 segment of the Stuart residential market for all of the year.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for November, were: 346 active listings, 174 pending listings and 56 closed sales.  Better closed activity this year, though still not as much inventory as we had last year.
Stuart FL 34997 Residential Market Report November 2015

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Stuart Florida Real Estate presented by:
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Stuart FL 34997 Residential Market Report November 2015

 

Stuart FL 34996 Condo Market Report November 2015

Stuart FL 34996 Condo Market Report November 2015

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

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

There are currently 94 active condo listings (Up by 15 condos last month).

Stuart FL 34996 Condo Market Report November 2015

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

Stuart FL 34996 Condo Market Report November 2015

16 Condos Sold in November (Decreased by 10 condos from October) 

Stuart FL 34996 Condo Market Report November 2015

The Stuart FL 34996 Condo Market of Stuart continues to do well.  The inventory had a nice increase, now two months in a row, as well as an increase in the number of pending sales.  Unfortunately, closed sales were off for November.  Though, I suspect the number of sales will rise dramatically as we enter the season in the next few months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 5.9 months from October’s 3.0 months.  Approaching a balanced market after numerous months of a very strong sellers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for November 2014 were: 144 active listings, 48 pending sales and 24 closed sales.  Much better closed and pending volume last year, though the inventory of available condos is still lower by a considerable margin.

Stuart FL 34996 Condo Market Report November 2015

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Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report November 2015