Palm City FL 34990 Condo Market Report May 2014

06.18.14 by

Palm City FL 34990 Condo Market Report May 2014

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

 

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



There are currently 52 active condo listings. (Down by 1 condo from April)

Palm City FL 34990 Condo Market Report May 2014

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

Palm City FL 34990 Condo Market Report May 2014

4 Condos Sold in May. (Down by 3 condos from April)

Palm City FL 34990 Condo Market Report May 2014

Unfortunately closed sales were off for may 2014 in the Palm City FL 34990 condo real estate market.  Pending sales were up and inventory was down.  The Palm City condo market is quite small and inferences into the more general condo market should not be made.

The current absorption rate for condos in the 34990 zip code area rose to 13  months (was 7.6 months in April).   A buyers market.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The May 2012 numbers were: 52 active listings, 16 pending sales and 3 closed sales.   Similar numbers to last year, but the decrease in pending sales this year is a note for concern for future activity.
Palm City FL 34990 Condo Market Report May 2014

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Palm City FL 34990 Condo Market Report May 2014

Palm City FL 34990 Residential Market Report May 2014

06.17.14 by

Palm City FL 34990 Residential Market Report May 2014

 

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

 

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


There are currently 436 active listings (Decrease of 10 homes from April)

Palm City FL 34990 Residential Market Report May 2014

 175 Residential sales are pending and awaiting close or lender approval. (Increased by 9 homes from last month)

Palm City FL 34990 Residential Market Report May 2014

72 Homes Sold in April (Decreased by 10 homes from April)

Palm City FL 34990 Residential Market Report May 2014

A solid month for the Palm City FL 34990 residential real estate market.  Not quite as strong as the very active April that we had, but good activity none the less.  Closed sales were off from April, but remained at a strong level and pending sales rose indicating a potential for good future activity.  The inventory declined slightly.
 
The current absorption rate increased to 6.1 months from 5.4 months in April, putting the Palm City residential real estate market back into a balanced market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The May 2012 numbers were:  391 active listings, 167 pending sales and 77 closed sales.  When the increased inventory is figured in, numbers are very similar to last years excellent activity.

Palm City FL 34990 Residential Market Report May 2014

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Palm City FL 34990 Residential Market Report May 2014

Stuart FL 34997 Condo Market Report May 2014

06.16.14 by

Stuart FL 34997 Condo Market Report May 2014

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

 

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

There are currently 74 active condo listings (Down by 9 condos from April).

Stuart FL 34997 Condo Market Report May 2014

32 Condo sales are pending and awaiting close or lender approval (Down by 7 condos from April).

Stuart FL 34997 Condo Market Report May 2014

28 Condos Sold in May (Increased by 3 condos from April).

Stuart FL 34997 Condo Market Report May 2014

Another month of increased closed sales for the Stuart FL condo market for zip code 34997.  Unfortunately, this is probably not going to continue at this strong of a pace.  The inventory continues to decline along with another monthly drop in pending sales.  A pretty strong indicator of decreasing future activity.

The one month absorption rate is now 2.6  months from last months 3.3.  A very strong sellers market.   A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The May 2012 numbers were: 87 active listings, 30 pending sales and 17 closed sales.   Better activity for this year as compared to last, and this market remains very strong.  Just possibly a little to strong to be sustainable for the long run.

Stuart FL 34997 Condo Market Report May 2014

 

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

 

 

Stuart FL 34997 Residential Market Report May 2014

06.14.14 by

Stuart FL 34997 Residential Market Report May 2014

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

 

There are currently 413 active listings (Increased by 9 homes from April).

Stuart FL 34997 Residential Market Report May 2014

164 Residential sales are pending and awaiting close or lender approval (A decrease of 26 homes from April).

Stuart FL 34997 Residential Market Report May 2014

107 Homes Sold in May (Increased by 46 homes from April)

Stuart FL 34997 Residential Market Report May 2014

The Stuart Florida Residential Market for ZIP Code 34997 had a very strong May with a large increase in closed sales and another bump in active inventory.  The one potential disturbing number is a large drop in pending sales.  A potential for less sales in the near future.
 
The current one month absorption rate dipped to 3.9 months (was 6.6 months for April).  A strong sellers market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
 
The 2013 numbers for May, were: 298 active listings, 190 pending listings and 84 closed sales.  This segment of the Stuart residential market has a dramatic increase in inventory when compared to last year.  Hence, activity is also considerably higher.
Stuart FL 34997 Residential Market Report May 2014
 
 
 

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Stuart FL 34997 Residential Market Report May 2014

Stuart FL 34996 Condo Market Report May 2014

06.13.14 by

Stuart FL 34996 Condo Market Report May 2014

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

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

There are currently 145 active condo listings (Up by 3 condos from last month).

Stuart FL 34996 Condo Market Report May 2014

 

  35 Condo sales are pending and awaiting close or lender approval (Decreased by 11 condos from April).

Stuart FL 34996 Condo Market Report May 201426 Condos Sold in May (Decreased by 15 condos from April) 

Stuart FL 34996 Condo Market Report May 2014

Not a very positive month for the Stuart FL 34996 Condo Market Report May 2014 as compared to April.   Both pending and closed sales were off from last month.  However, we still have positive activity and this market has returned to a more sustainable rate from the extremely hot numbers from last month.  Inventory was up slightly.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 5.6 months from April’s 3.5 months .   Still a sellers market representing a strong spring for the 34996 condo market of Stuart, FL.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for May 2012 were: 195 active listings, 33 pending sales and 25 closed sales.  When the considerably lower inventory is factored into the market activity, the 2014 numbers are much better than last year’s.

Stuart FL 34996 Condo Market Report May 2014

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Stuart FL 34996 Condo Market Report May 2014

Stuart FL 34996 Residential Market Report May 2014

06.12.14 by

Stuart FL 34996 Residential Market Report May 2014

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

 

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

 

There are currently 187 active listings (Increased by 1 home from April).

Stuart FL 34996 Residential Market Report May 2014

 48 Residential sales are pending and awaiting close or lender approval (Decreased by 4 homes from April).

Stuart FL 34996 Residential Market Report May 2014

20 Homes Sold in May (Increased by 9 homes from April).

Stuart FL 34996 Residential Market Report May 2014

A good month for the 34996 zip code area of the Stuart Florida residential real estate market.  Inventory rose slightly and closed sales took a nice jump.  The only negative was a drop in pending sales, indicating a potential reduction in future closed sales.

The one month absorption rate for the 34996 zip code area of Stuart Florida for May decreased to 9.4 months as compared to April’s 16.9 months.  Still a buyers market, but much better than the April number.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for May of 2012 were: 161 active listings, 55 pending sales and 19 closed sales.   This segment of the Stuart market continues to lag behind the results from 2013.

Stuart FL 34996 Residential Market Report May 2014

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Stuart FL 34996 Residential Market Report May 2014

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code April 2014

05.23.14 by

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code April 2014

 

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

 

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

 

There are currently 21 active condo listings. (Down by 1 condo from March)

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code April 2014

6 Condo sales are pending and awaiting close or lender approval. (Decreased by 1 condo from March)

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code April 2014

5 Condos sold in March (Up by 2 condos from March)

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code April 2014

The Hobe Sound condo market (Zip Code 33455) is one of the smallest segments of the Martin County real estate market (along with the Jensen Beach condo market).  April 2014 market activity saw a slight decrease in inventory and pending sales and an increase in closed sales.

The current absorption rate is 4.2 months (Last month it was 7.3 months).  The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that may not indicate a true trend in the market.  Yet even with these low numbers, we are in a sellers market for condos in the 33455 zip code area of Hobe Sound.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The April 2013 numbers were:  21 active listings, 7 pending sales and 5 closed sales.   Almost identical activity year to year.

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code April 2014

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Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code April 2014

 

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code April 2014

05.22.14 by

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code April 2014

 

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

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

There are currently 228 active listings. (Down by 70 homes from March)

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code April 2014

88 Residential sales are pending and awaiting close  (Decreased by 20 homes from March)

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code April 2014

42 Homes Sold in April (Up by 4 homes from last month)

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code April 2014

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County for April had excellent market activity across the board.  Please disregard the apparent large inventory decrease for this month as the Realtor Association of Martin County has changed their area definitions, hopefully we will get this sorted out for next month.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 decreased to 5.4 months (7.8 months in March).  Back into a sellers market for Hobe Sound, which is where we were for most of 2013.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for April 2013 were:  2227 active listings, 106 pending sales and 51 closed sales.  Better overall activity last year.

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code April 2014

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Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code April 2014

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code April 2014

05.21.14 by

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code April 2014

 

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

 

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



There are currently 29 active listings. (Increased by 6 condos from March)

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code April 2014

9 Condo sales are pending and awaiting close or lender approval. (Down by 9 condos from March)

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code April 2014

9 Condos Sold (Down by 7 condos from March)

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code April 2014

 The Jensen Beach Condo market (zip code 34957) is now down to only 23 active listings for April. This is a very small number and meaningful comparisons are difficult to achieve with such a small sampling of condos.  April saw the first increase in inventory in four months for the Jensen beach Condo market.   Both pending and closed sales were down for April.

The one month absorption rate for the April 2014, Jensen Beach Florida Market Report ZIP Code 34957 rose to 3.2 months (1.4 months in March), still a very strong sellers market.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The April 2012 numbers were: 51 active listings, 26 pending sales and 15 condos closed.   2013 had a much more active market.

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code April 2014

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Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code April 2014

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code April 2014

05.20.14 by

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code April 2014

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

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

 There are currently 135 active listings. (Increased by 11 homes from last month)

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code April 2014

80 Residential sales are pending and awaiting close or lender approval. (Down by 17 homes from March)

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code April 2014

40 Homes Sold (Increased by 11 homes from March)

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code April 2014

The April 2014 Jensen Beach residential real estate market, zip code 34957 had excellent closed activity for the month.  Unfortunately pending sales dropped, which way be an indication of some future weakness in the number of sales.  Inventory increased for the first time in three months, which will hopefully spur demand from buyers as there’s a greater selection to choose from.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 3.4 months (4.3 months in March).  Continuing a very 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 April 2012 numbers were: 116 active listings, 84 pending sales and 32 home sales closed.   Better activity, if only slightly, this year as compared to April 2013.
Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code April 2014
 
 

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Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code April 2014

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code April 2014

05.19.14 by

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code April 2014

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

 

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



There are currently 53 active condo listings. (Down by 4 condos from March)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code April 2014

8 Condo sales are pending and awaiting close or lender approval. (Decreased by 3 condos from last month)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code April 2014

7 Condos Sold in April. (Up by 6 condos from March)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code April 2014

April saw a good improvement for closed sales for the Palm City FL real estate market for zip code 34990.  Unfortunately both pending sales and the inventory declined.  This is a pretty strong indication of slower activity for the future.  Though, this segment of the Martin County condo market is fairly small as most Palm City real estate is residential single family homes, so there is not that much of a correlation to the ‘bigger picture’ from this segment of our market.

The current absorption rate for condos in the 34990 zip code area zoomed to 7.6  months (was 57 months in March).   A buyers market.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The April 2012 numbers were: 58 active listings, 14 pending sales and 7 closed sales.   Slightly better activity for last year.
Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code April 2014

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Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code April 2014

Stuart FL 4 BR Home on 4 Acres Under Contract

05.19.14 by

Stuart FL 4 BR Home on 4 Acres Under Contract

This home presented by the Gabe Sanders BlueWater Realty team has gone under contract in 8 days from the listing date.

Stuart FL 4 BR Home on 4 Acres

Fabulous opportunity for a home sitting on 3.95 pristine acres yet still only a few minutes to downtown and the beaches.  This 1935 home needs updating and well suited for either the hobbyist or handyman.  A 4 bedroom, 2 bathroom home with a large eat in kitchen and recently added  hardiboard siding as well as a detached 3 car garage with workshop area is waiting for a new owner.  There’s also a 5 stall barn with a tack room.  Perfect opportunity for someone needing some space for vehicles, animals as well as room for all the toys without any homeowner’s association restrictions.  The land is high and dry and mostly cleared.  Easy access to I-95, Pratt and Whitney and Palm city Farms.  Owner financing is available.

Stuart FL 4 BR Home on 4 Acres

 For the price and more information about this home please click on this link.

Stuart FL 4 BR Home on 4 Acres

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Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code April 2014

05.17.14 by

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code April 2014

 

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

 

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


There are currently 446 active listings (Increase of 6 homes from March)

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code April 2014

 166 Residential sales are pending and awaiting close or lender approval. (Decreased by 3 homes from last month)

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code April 2014

82 Homes Sold in March (Increased by 34 home from March)

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code April 2014

Wow! After two slow months to start the 2014 market, the Palm City home market (zip code 34990) improved in March and then went off the charts nearly doubling the number of closed sales for April.  Pending sales had a small decrease, but this is after a large increase last month.  Inventory increased slightly.
 
The current absorption rate plunged to 5.4 months from 9.1 months in March, putting the Palm City residential real estate market back into a sellers market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The April 2012 numbers were:  382 active listings, 186 pending sales and 76 closed sales.  Better closed sales this year, though when the inventory rise is factores in, the activity was better last year..

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code April 2014

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Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code April 2014

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code April 2014

05.14.14 by

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code April 2014

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

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

There are currently 142 active condo listings (Down by 8 condos from last month).

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code April 2014

 

  46 Condo sales are pending and awaiting close or lender approval (Decreased by 9 condos from March).

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code April 2014

41 Condos Sold in April (Increased by 7 condos from March) 

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code April 2014

April had excellent closed activity for the Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code April 2014.  Unfortunately pending sales were off a bit, though still strong.  Inventory also declined slightly.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 3.5 months from March’s 4.4 .   An extremely strong sellers market representing a very strong spring for the 34996 condo market of Stuart, FL.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for April 2012 were: 191 active listings, 44 pending sales and 32 closed sales.  Unlike the residential activity, it appears that the condo market is well outperforming last year.

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code April 2014

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Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code April 2014

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code April 2014

05.13.14 by

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code April 2014

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

 

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

 

There are currently 186 active listings (Increased by 22 homes from March).

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code April 2014

 52 Residential sales are pending and awaiting close or lender approval (Increased by 5 homes from March).

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code April 2014

11 Homes Sold in April (Decreased by 4 homes from March).

Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code April 2014

Other than lower closed volume for the 34996 zip code area of the Stuart Florida residential real estate market continues to improve, with both higher inventory and pending sales.  The pending sales figures should translate to greater closed volume in the coming months.

The one month absorption rate for the 34996 zip code area of Stuart Florida for April increased to 16.9 months as compared to March’s 10.8 months.  This is not a pretty picture for sellers, but can indicate some strong advantages to buyers interested in this part of Stuart.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for April of 2012 were: 172 active listings, 57 pending sales and 18 closed sales.   Better numbers all around, last year. Though it appears that the 34996 area of Stuart is poised for a god summer.

 Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code April 2014

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Stuart Florida Homes for Sale and Sold Report 34996 ZIP Code April 2014

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code April 2014

05.12.14 by

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code April 2014

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

 

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

There are currently 83 active condo listings (Down by 7 condos from March).

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code April 2014

39 Condo sales are pending and awaiting close or lender approval (Down by 6 condos from March).

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code April 2014

25 Condos Sold in April (Increased by 10 condos from March).

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code April 2014

An excellent month for closed sales for the Stuart FL condo market for zip code 34997.  Unfortunately, pending sales dropped for April indicating a possible slowdown of closed sales in the months ahead, though it’s still relatively strong.  Inventory also decreased and is once again at a fairly low value.

The one month absorption rate plunged to 3.3 months from last months 9.  A very dramatic sellers market.   A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The April 2012 numbers were: 101 active listings, 29 pending sales and 34 closed sales.   Closed sales were considerably better last year, but the greater number of pending sales might indicate better closed activity coming in the near future.

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code April 2014

 

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

 

 

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code April 2014

05.10.14 by

Stuart Florida Homes for Sale and Sold Report 34997 ZIP code April 2014

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

 

There are currently 404 active listings (Decreased by 12 home from March).

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code April 2014

190 Residential sales are pending and awaiting close or lender approval (A decrease of 2 homes from March).

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code April 2014

61 Homes Sold in April (Decreased by 17 homes from March)

Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code April 2014

After a very strong March, the Stuart Florida Market for ZIP Code 34997 showed some easing with a large decrease in closed sales and a smaller decrease in pending sales.  The inventory also declined, now two months in a row.  While activity slowed, the fact is that this is still a balanced and healthy market and in very good shape.
 
The current one month absorption rate rose to 6.6  months (was 5.3 months for March).  Back into a balanced market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
 
The 2013 numbers for April, were: 325 active listings, 219 pending listings and 82 closed sales.  Considerably better activity last year, as rising prices and interest rates has cooled the market from last years very heated activity.
Stuart Florida Homes for Sale and Sold Report 34997 ZIP Code April 2014
 
 
 

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Stuart Florida Homes for Sale and Sold Report 34997 zip code April 2014

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code March 2014

04.19.14 by

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code March 2014

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

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

There are currently 22 active condo listings. (Down by 1 condo from February)

7 Condo sales are pending and awaiting close or lender approval. (Increased by 4 condos from February)

3 Condos sold in February (Unchanged from February)

The Hobe Sound condo market (Zip Code 33455) is one of the smallest segments of the Martin County real estate market (along with the Jensen Beach condo market).  March 2014 market activity saw little change in inventory and closed sales, along with a nice jump in pending sales.

The current absorption rate is 7.3 months (Last month it was 7.6 months).  The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that may not indicate a true trend in the market.  Yet even with these low numbers, we are close to a balanced market for condos in the 33455 zip code area of Hobe Sound.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The March 2013 numbers were:  22 active listings, 9 pending sales and 2 closed sales.   Very close to last years market activity.

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Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code March 2014

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code March 2014

04.18.14 by

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code March 2014

 

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

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

 

There are currently 298 active listings. (Up by 9 homes from February)

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code March 2014

 

108 Residential sales are pending and awaiting close  (Increased by 10 homes from February)

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code March 2014

38 Homes Sold in March (Up by 12 homes from last month)

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code March 2014

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County for March had excellent market activity across the board..  Both pending and closed sales were up as well as a mice little increase in inventory.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 decreased to 7.8 months (11.1 months in February).  Still a buyers market, but getting close to a balanced market again.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for March 2013 were:  249 active listings, 100 pending sales and 45 closed sales. Better numbers this year than last, though when the increased inventory for this year is factored in, very similar in a percentage basis.

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code March 2014
 

 

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Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code March 2014

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code March 2014

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Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code March 2014

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

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



There are currently 23 active listings. (Decreased by 4 condos from February)

18 Condo sales are pending and awaiting close or lender approval. (Down by 2 condos from February)

16 Condos Sold (Up by 10 condos from February)

 The Jensen Beach Condo market (zip code 34957) is a very small segment of the Martin County condo market.  After 4 months of slowly increasing inventory, inventory declined for the last three months in a row.   For as small a segment as this is, activity for March was quite strong with only a small drop in pending sales and and a very strong jump in the closed sale numbers.

The one month absorption rate for the March 2014, Jensen Beach Florida Market Report ZIP Code 34957 is at an incredible 1.4 months (4.5 months in February), meaning the average condo is selling in under 90 days.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The March 2012 numbers were: 54 active listings, 28 pending sales and 13 condos closed.   Better absolute numbers last year, but there was more than double the inventory.  With such low numbers of available condos in the Jensen Beach zip code, I’m predicting considerably slower activity for the near future.

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Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code March 2014