Hobe Sound FL 33455 Condo Market Report October 2015

Hobe Sound FL 33455 Condo Market Report October 2015

 

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

 

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

 

There are currently 4 active condo listings. (Up by 2 condos from September)

Hobe Sound FL 33455 Condo Market Report October 2015

0 Condos are pending and awaiting close. (Down by 4 condos from September)

3 Condos sold in September (Increased by 1 condos from September)

Hobe Sound FL 33455 Condo Market Report October 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  The current inventory doubled from last month, but it’s still only 4 active listings.  And, with no pending listings, I’m not expecting any great activity in the coming months until we get some more condos available for sale in Hobe Sound.

The current absorption rate is 1.3 months (Last month it was 1 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 October 2014 numbers were: 19 active listings, 5 pending sales and 1 closed sales.  We actually have better closed sales for this year as compared to last year.  But with no inventory and no pending sales it doesn’t look very promising for the future.

Hobe Sound FL 33455 Condo Market Report October 2015

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Hobe Sound FL 33455 Condo Market Report October 2015

 

Hobe Sound FL 33455 Residential Market Report October 2015

Hobe Sound FL 33455 Residential Market Report October 2015

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

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

There are currently 172 active listings. (Up by 10 homes from September)

Hobe Sound FL 33455 Residential Market Report October 2015

68 Residential sales are pending and awaiting close  (Down by 21 homes from September)

Hobe Sound FL 33455 Residential Market Report October 2015

44 Homes Sold in October (Up by 12 homes from last month)

Hobe Sound FL 33455 Residential Market Report October 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County has finally had a couple of months of increased inventory.  This was sorely needed as the pool of available homes for sale was getting to a historically low level.  And, activity continues to be very strong in this market, even as we approach our slower off season.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped down to 3.9 months (5.1 months in September).  Even a stronger sellers’ market for Hobe Sound, after edging closer to a healthier balanced market last month.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for October 2014 were:  250 active listings, 55 pending sales and 58 closed sales. Better closed activity last year, though our pending numbers are higher for 2015.  All of this with a considerably reduced inventory.

Hobe Sound FL 33455 Residential Market Report October 2015

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Hobe Sound FL 33455 Residential Market Report October 2015

Clubside Villa in Ballantrae Pending

Clubside Villa in Ballantrae Pending

Clubside Villas in Ballantrae

This 2nd floor villa in the manned gated community of Ballantrae in the sought after Sandpiper section of Port St. Lucie FL, just steps from Club Med Resort is now under contract.  Located at the end of a cul-de-sac, this end unit is very well cared for and shows beautifully. This property has new dishwasher, newer a/c, and has been freshly painted. This home features 2 bedrooms, 2 bathrooms, and a den. The perfect villa for your Florida lifestyle.  Listed for $186,900.

Clubside Villas in Ballantrae Clubside Villas in Ballantrae

Ballantrae is a gated community of over four hundred homes located in Port Saint Lucie, Florida. We’re on the North Fork of the Saint Lucie River with direct access to the South Fork of the river which leads to Lake Okeechobee and the Gulf of Mexico. In addition, the Indian River Intracoastal Waterway and access to the Atlantic Ocean via the St. Lucie inlet are both within an easy sail down the river.

Ballantrae in Port St. Lucie

Ballantrae in Port St. Lucie

There is a newly updated and private Jack Nicklaus Signature golf course, Santa Lucia River Club. This is a par 72 championship course of masterful design that winds through 402 acres of upland preserves, oak hammocks, and stands of mature pines.

Clubside Villas in Ballantrae Clubside Villas in Ballantrae

In addition to golf and boating, we offer tennis, swimming, fishing, and a Homeowners Community Clubhouse which is the center of many community activities.

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Clubside Villa in Ballantrae Pending

Jensen Beach FL 34957 Condo Market Report October 2015

Jensen Beach FL 34957 Condo Market Report October 2015

 

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

 

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



There are currently 24 active listings. (Increased by 2 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2015

17 Condo sales are pending and awaiting settlement. (Up by 5 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2015

4 Condos Sold (Decreased by 2 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2015

 The Jensen Beach FL 34957 Condo Market Report October 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  It was good to see an increase in inventory, though it is still at historically low levels.  Activity remains quite strong.

The one month absorption rate for the October 2015, Jensen Beach Florida Market Report ZIP Code 34957 rose to 6  months (from 3.7 months in September), bringing this segment of the Martin County condo market back into a balanced one.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The October 2014 numbers were: 33 active listings, 14 pending sales and 3 condos closed.  Overall a slight improvement this year as compared to 2014.

Jensen Beach FL 34957 Condo Market Report October 2015

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Jensen Beach FL 34957 Condo Market Report October 2015

Stuart Townhome in River Pines Pending

Stuart Townhome in River Pines Pending

Spacious 2 bedroom 2 and 1/2 bathroom River Pines townhome has been placed under contract by the Gabe Sanders BlueWater realty team.  5922 SE Riverboat Drive was listed for $149,000.

 

River Pines Townhomes

Located just off the Intracoastal Waterway off of Cove Road in Stuart is the River Pines community. 396 private residences in quad style town-homes.   This community was built in 1981 and 1982 and all homes are 1288 sq. ft. of living area with 2 bedrooms and 2 and ½ baths. There are large private courtyards for each home, some of which the residents have enclosed for added living area.

River Pines in Stuart FL

Only a short walk or bike ride to the Saint Lucie River with access for kayak launch. Boat ramps also nearby. All ages are welcome and 2 small pets are permitted. Each home has 2 reserved parking spots with additional guest parking. Amenities include 2 Community pools, tennis courts and racquetball/handball courts. There’s also a private preserve adjacent to the Intracoastal available exclusively for residents use.

River Pines in Stuart FL

A very well run community with excellent financials. Residents have the option of joining the Miles Grant golf club (just across the street).

River Pines in Stuart FL

As of May, 2014 HOA fees were $160 per month.

River Pines in Stuart FL

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Stuart Townhome in River Pines Pending

Jensen Beach FL 34957 Residential Market Report October 2015

Jensen Beach FL 34957 Residential Market Report October 2015

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

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

 There are currently 119 active listings. (Down by 14 homes from last month)

Jensen Beach FL 34957 Residential Market Report October 2015

48 Residential sales are pending and awaiting close or lender approval. (Down by 13 homes from September)

Jensen Beach FL 34957 Residential Market Report October 2015

27 Homes Sold (Decreased by 4 homes from September)

Jensen Beach FL 34957 Residential Market Report October 2015

The Jensen Beach FL 34957 Residential Market indicated a little slower pace with the approaching off season. Though, still a sellers market as it has been for over a year.  Interestingly, this is one of the only Martin County areas with a decrease in the inventory for October.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 4.9 months (was 3.8 months in September).  Remaining in a strong sellers 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 October 2014 numbers were: 125 active listings, 62 pending sales and 22 home sales closed.   A bit more closed sales this year as compared to 2014, but pending sales are not quite as strong.
Jensen Beach FL 34957 Residential Market Report October 2015

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Jensen Beach FL 34957 Residential Market Report October 2015

Palm City FL 34990 Condo Market Report October 2015

Palm City FL 34990 Condo Market Report October 2015

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

 

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



There are currently 54 active condo listings. (Increased by 2 condos from September)

Palm City FL 34990 Condo Market Report October 2015

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

Palm City FL 34990 Condo Market Report October 2015

3 Condos Sold in October. (No change in sold condos from September)

Palm City FL 34990 Condo Market Report October 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  A fairly slow market for sales, though pending sales and activity did rise for October.

The current absorption rate for condos in the 34990 zip code area increased to 18 months (was 17.3 months in October).   Even greater buyer’s market than last month. 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 October 2014 numbers were: 58 active listings, 9 pending sales and 3 closed sales.   Very similar activity as last year.
Palm City FL 34990 Condo Market Report October 2015

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Palm City FL 34990 Condo Market Report October 2015

Palm City FL 34990 Residential Market Report October 2015

Palm City FL 34990 Residential Market Report October 2015

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

 

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

 

There are currently 377 active listings (Increased by 12 homes from September)

Palm City FL 34990 Residential Market Report October 2015

 137 Residential sales are pending and awaiting close or lender approval. (Decreased by 18 homes from last month)

Palm City FL 34990 Residential Market Report October 2015

58 Homes Sold in September (Decreased by 2 sold homes from September)

Palm City FL 34990 Residential Market Report October 2015

After a very strong September, the Palm City FL 34990 residential real estate market continues to show excellent sales activity. Also nice to see an increase in inventory for the second month in a row.  The Palm City FL real estate market continues to show excellent resilience even as we approach our typically slower season.
 The current absorption rate increased slightly to to 6.5 months from 6 months in September.  Still 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 October 2014 numbers were:  455 active listings, 122 pending sales and 58 closed sales.  Same closed activity as last year and higher pending numbers even with reduced inventory.

Palm City FL 34990 Residential Market Report October 2015

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Palm City FL 34990 Residential Market Report October 2015

Stuart FL 34997 Condo Market Report October 2015

Stuart FL 34997 Condo Market Report October 2015

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

 

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

There are currently 59 active condo listings (Up by 7 condos from September).

Stuart FL 34997 Condo Market Report October 2015

21 Condo sales are pending and awaiting close or lender approval (Increased by 2 condos from September).

Stuart FL 34997 Condo Market Report October 2015

12 Condos Sold in October (Increased by 4 condos from September).

Stuart FL 34997 Condo Market Report October 2015

     The Stuart FL condo market for zip code 34997 showed positive results for October.  Our inventory rose for the third month in a row and we also had some nice gains in both pending and closed sales.  Somewhat unusual as we head into the typically slower months for condo activity.
     The one month absorption rate decreased to 4.9 months from 6.5 months for September.  Back into a 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 October 2014 numbers were: 58 active listings, 20 pending sales and 21 closed sales.   A little slower closed activity for this year as compared to last year.

Stuart FL 34997 Condo Market Report October 2015

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

 

 

Port St. Lucie Foreclosure Sold

Port St. Lucie Foreclosure Sold

562 SW McComb Avenue in Port Saint Lucie has been sold courtesy of the Gabe Sanders BlueWater realty team.  This bank owned home sold for $129,000.

Port St. Lucie Foreclosure

This home is centrally located just minutes from tradition, I95 and the Florida turnpike.  Well situated in an established and desirable area, this 3 bedroom, 2 bathroom home with a 2 car garage offers a nice open floor plan and split bedrooms. The home offers a spacious back yard perfect for entertaining.   Just a little TLC and minor repairs and this home can be a true gem.

Port St. Lucie Foreclosure Port St. Lucie Foreclosure

Plans are to update this home, rent for a couple of years and then sell it for a nice profit.  If, you’re looking for a smart investment in today’s real estate market.  Give us a call at 772-323-6996.

Port St. Lucie Foreclosure Port St. Lucie Foreclosure

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Port St. Lucie Foreclosure Sold

Stuart FL 34997 Residential Market Report October 2015

Stuart FL 34997 Residential Market Report October 2015

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

 

There are currently 308 active listings (Increased by 31 homes from September).

Stuart FL 34997 Residential Market Report October 2015

163 Residential sales are pending and awaiting close or lender approval (Increased by 11 homes from September).

Stuart FL 34997 Residential Market Report October 2015

66 Homes Sold in October (Decreased by 15 homes from September)

Stuart FL 34997 Residential Market Report October 2015

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest and has been the strongest segment of the Martin County single family real estate market.  Nice to see a couple of months of increased inventory.
     The current one month absorption rate increased to 4.7  months (was 3.4 months for September).  Most of this increase is due to the stronger inventory numbers and we still remain in a very strong seller’s 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 2014 numbers for October, were: 368 active listings, 144 pending listings and 81 closed sales.  Considerably stronger closed activity last October, though the increased number of pending sales might hold promise for the next few months.
Stuart FL 34997 Residential Market Report October 2015

Search here for 34997 Zip Code of Stuart FL real estate for sale

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

Stuart FL 34997 Residential Market Report October 2015

 

Stuart FL 34996 Condo Market Report October 2015

Stuart FL 34996 Condo Market Report October 2015

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

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

There are currently 79 active condo listings (Up by 3 condos last month).

Stuart FL 34996 Condo Market Report October 2015

29 Condo sales are pending and awaiting close or lender approval (Decreased by 12 condos from September).

Stuart FL 34996 Condo Market Report October 2015

26 Condos Sold in October (Decreased by 3 condos from September) 

Stuart FL 34996 Condo Market Report October 2015

The Stuart FL 34996 Condo Market is bucking the trend for the off season with increased activity for October.  Nice to see even a small increase in inventory as this segment of the Stuart condo market remain red hot.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 plunged to 3.0 months from September’s 2.6 months.  Continuing as 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 October 2014 were: 152 active listings, 50 pending sales and 15 closed sales.  We have a long way to go to get inventory levels close to what they were last year.  Though even with the reduced inventory, market activity remains very strong.

Stuart FL 34996 Condo Market Report October 2015

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Stuart Florida Real Estate presented by:
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Stuart FL 34996 Condo Market Report October 2015

Port St. Lucie Foreclosure Pending

Port St. Lucie Foreclosure Pending

562 SW McComb Avenue in Port Saint Lucie is now under contract courtesy of the Gabe Sanders BlueWater realty team.  This bank owned home was listed for $133,800.

Port St. Lucie Foreclosure

This home is centrally located just minutes from tradition, I95 and the Florida turnpike.  Well situated in an established and desirable area, this 3 bedroom, 2 bathroom home with a 2 car garage offers a nice open floor plan and split bedrooms. The home offers a spacious back yard perfect for entertaining.   Just a little TLC and minor repairs and this home can be a true gem.

Port St. Lucie Foreclosure Port St. Lucie Foreclosure

Plans are to update this home, rent for a couple of years and then sell it for a nice profit.  If, you’re looking for a smart investment in today’s real estate market.  Give us a call at 772-323-6996.

Port St. Lucie Foreclosure Port St. Lucie Foreclosure

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Port St. Lucie Foreclosure Pending

Hobe Sound FL 33455 Condo Market Report September 2015

Hobe Sound FL 33455 Condo Market Report September 2015

 

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

 

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

 

There are currently 2 active condo listings. (Unchanged from August)

Hobe Sound FL 33455 Condo Market Report September 2015

4 Condos are pending and awaiting close. (Down by 3 condos from August)

Hobe Sound FL 33455 Condo Market Report September 2015

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

Hobe Sound FL 33455 Condo Market Report September 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  We remain with only 2 active listings in the Hobe Sound.  It’s pretty incredible that there is as much activity as there is.

The current absorption rate is 1 months (Last month it was .67 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 September 2014 numbers were: 19 active listings, 1 pending sales and 2 closed sales.  Considering there are only 2 active listings this year 1/9th of what was available last year and we still have similar activity is pretty amazing.

Hobe Sound FL 33455 Condo Market Report September 2015

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Hobe Sound Florida Real Estate presented by:
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Hobe Sound FL 33455 Condo Market Report September 2015

 

Hobe Sound FL 33455 Residential Market Report September 2015

Hobe Sound FL 33455 Residential Market Report September 2015

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

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

There are currently 162 active listings. (Up by 13 homes from August)

Hobe Sound FL 33455 Residential Market Report September 2015

89 Residential sales are pending and awaiting close  (Up by 5 homes from August)

Hobe Sound FL 33455 Residential Market Report September 2015

32 Homes Sold in September (Down by 2 homes from last month)

Hobe Sound FL 33455 Residential Market Report September 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to show very strong activity.  It is good to see a small increase in inventory for September, though we still remain quite far below historical averages.  Both pending and closed sales remain quite strong as we head into our typically slower sales months.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 5.1 months (4.4 months in August).  Still a sellers’ market for Hobe Sound, though edging closer to a healthier 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 September 2014 were:  250 active listings, 74 pending sales and 25 closed sales. Considerably stronger activity this year even with a much reduced inventory.

Hobe Sound FL 33455 Residential Market Report September 2015

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Stuart Florida Real Estate presented by:
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Hobe Sound FL 33455 Residential Market Report September 2015

Jensen Beach FL 34957 Condo Market Report September 2015

Jensen Beach FL 34957 Condo Market Report September 2015

 

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

 

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



There are currently 22 active listings. (Decreased by 6 condos from August)

Jensen Beach FL 34957 Condo Market Report September 2015

12 Condo sales are pending and awaiting settlement. (Down by 1 condo from August)

Jensen Beach FL 34957 Condo Market Report September 2015

6 Condos Sold (Increased by 1 condos from August)

Jensen Beach FL 34957 Condo Market Report September 2015

 The Jensen Beach FL 34957 Condo Market Report September 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  Activity remains remarkably strong in Jensen Beach condos even though the inventory is now very, very low.  As we head into the slower months (historically), I’m hoping to see some more product come on the market.

The one month absorption rate for the September 2015, Jensen Beach Florida Market Report ZIP Code 34957 dropped to 3.7  months (from 4.4 months in August), even a stronger sellers’ market than last month.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The September 2014 numbers were: 34 active listings, 8 pending sales and 10 condos closed.  Better closed numbers from last year, though pending sales are better this year.

Jensen Beach FL 34957 Condo Market Report September 2015

Jensen Beach Condominium Properties by Price

 

Jensen Beach Florida Real Estate presented by:
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Jensen Beach FL 34957 Condo Market Report September 2015

Jensen Beach FL 34957 Residential Market Report September 2015

Jensen Beach FL 34957 Residential Market Report September 2015

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

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

 There are currently 119 active listings. (Up by 11 homes from last month)

Jensen Beach FL 34957 Residential Market Report September 2015

61 Residential sales are pending and awaiting close or lender approval. (Down by 16 homes from August)

Jensen Beach FL 34957 Residential Market Report September 2015

31 Homes Sold (Increased by 1 homes from August)

Jensen Beach FL 34957 Residential Market Report September 2015

The Jensen Beach FL 34957 Residential Market remains quite strong.  This is one of the few areas in our County with increased inventory from last year.  Pending sales were off from month to month as well as last year, but closed sales have remained very strong.  And, prices continue to go up.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased slightly to 3.8 months (was 3.9 months in August).  Remaining in a strong sellers 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 September 2014 numbers were: 112 active listings, 74 pending sales and 39 home sales closed.   Better activity last year, but this is still a strong market favoring sellers.
Jensen Beach FL 34957 Residential Market Report September 2015

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Jensen Beach FL 34957 Residential Market Report September 2015

Palm City FL 34990 Condo Market Report September 2015

Palm City FL 34990 Condo Market Report September 2015

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

 

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



There are currently 52 active condo listings. (No change in active condos from August)

Palm City FL 34990 Condo Market Report September 2015

8 Condo sales are pending and awaiting close or lender approval. (No change in pending condos from last month)

Palm City FL 34990 Condo Market Report September 2015

3 Condos Sold in September. (Down by 1 condos from August)

Palm City FL 34990 Condo Market Report September 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Very little change month to month for the Palm City condo market.  One less sale and everything else remained unchanged.

The current absorption rate for condos in the 34990 zip code area jumped to 17.3 months (was 13 months in September).   Even greater buyer’s market than last month. 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 September 2014 numbers were: 60 active listings, 4 pending sales and 0 closed sales.   Better activity this year for condos in Palm City.
Palm City FL 34990 Condo Market Report September 2015

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Palm City Florida Real Estate presented by:
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Palm City FL 34990 Condo Market Report September 2015

Palm City FL 34990 Residential Market Report September 2015

Palm City FL 34990 Residential Market Report September 2015

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

 

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

 

There are currently 365 active listings (Increased by 10 homes from August)

Palm City FL 34990 Residential Market Report September 2015

 155 Residential sales are pending and awaiting close or lender approval. (Decreased by 1 homes from last month)

Palm City FL 34990 Residential Market Report September 2015

60 Homes Sold in August (Decreased by 14 sold homes from August)

Palm City FL 34990 Residential Market Report September 2015

After a very strong August, the Palm City FL 34990 residential real estate market continues to show excellent sales activity. Also nice to see an increase in inventory for this month. This could be a result of the continuing fairly strong gains in prices in the past two years.
 The current absorption rate increased slightly to to 6 months from 4.8 months in August.  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 September 2014 numbers were:  433 active listings, 120 pending sales and 70 closed sales.  Better closed numbers last year, but even with the reduced inventory there is a greater number of pending sales for this year.

Palm City FL 34990 Residential Market Report September 2015

 Search here for Palm City Florida Real Estate for Sale

Palm City Florida Real Estate presented by:
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Palm City FL 34990 Residential Market Report September 2015

Stuart FL 34997 Condo Market Report September 2015

Stuart FL 34997 Condo Market Report September 2015

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

 

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

There are currently 52 active condo listings (Up by 6 condos from August).

Stuart FL 34997 Condo Market Report September 2015

19 Condo sales are pending and awaiting close or lender approval (Increased by 1 condos from August).

Stuart FL 34997 Condo Market Report September 2015

8 Condos Sold in September (Increased by 2 condos from August).

Stuart FL 34997 Condo Market Report September 2015

The Stuart FL condo market for zip code 34997 showed positive results for September after two months of fairly slow activity.  Our inventory rose for the second month in a row and we also had small gains i both pending and closed sales.
The one month absorption rate decreased to 6.5 months from 7.7 months for August.  Back into a balanced market after last months first slip to a buyers market in over a 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 September 2014 numbers were: 60 active listings, 30 pending sales and 9 closed sales.   Much better pending activity last year.  Hopefully as the season approaches we will see some greater activity this year.

Stuart FL 34997 Condo Market Report September 2015

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Stuart Florida Real Estate presented by:
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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2015