Jensen Beach Florida Market Report ZIP Code 34957 Residential July 2013

08.20.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Residential July 2013

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

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

 

 There are currently 122 active listings. (An increase of 10 homes from last month)

Active Listings - Jensen Beach Florida Market Report ZIP Code 34957 Residential July 2013

 

72 Residential sales are pending and awaiting close or lender approval. (Down 3 home from June)

Pending - Jensen Beach Florida Market Report ZIP Code 34957 Residential July 2013

 

24 Homes Sold (Down by 7 homes from June)

Sold Listings - Jensen Beach Florida Market Report ZIP Code 34957 Residential July 2013

 

The Jensen Beach residential real estate market, zip code 34957  eased a bit in July after an exceptionally good Spring and early Summer.  Both pending and closed sales were off and the inventory rose.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 5.1 months. Which is still a seller’s market.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The July 2012 numbers were: 113 active listings, 94 pending sales and 22 home sales closed.  One of the few Martin County areas where inventory is greater this year than last.  Also, fairly similar closed sales while a lower number of pending sales as compared to last year.
 
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:
Market Summary - Jensen Beach Florida Market Report ZIP Code 34957 Residential July 2013

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Jensen Beach Florida Market Report ZIP Code 34957 Residential July 2013

Palm City Florida Market Report ZIP Code 34990 Condo July 2013

08.19.13 by

Palm City Florida Market Report ZIP Code 34990 Condo July 2013

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

 

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



There are currently 54 active condo listings. (Down by 4 condos from June)

Active Listings - Palm City Florida Market Report ZIP Code 34990 Condo July 2013

 

9 Condo sales are pending and awaiting close or lender approval. (Decreased by 5 condos from last month)

Pending Listings - Palm City Florida Market Report ZIP Code 34990 Condo July 2013

 

6 Condos Sold in July. (Down 2 condos from June)

Sold Listings - Palm City Florida Market Report ZIP Code 34990 Condo July 2013

 

The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.  Both pending and closed sales were off this month compared to June as well as another month with decreasing inventory.
 
The current absorption rate for condos in the 34990 zip code area rose to 8.3 months.  Drifting back into a buyers market, as a balanced market is considered to be an absorption rate of around 6 months.
 
The July 2012 numbers were: 62 active listings, 7 pending sales and 1 closed sales.   Even with the significantly lower number of active condo listings, this year’s activity is much better.

 

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

Market Summary - Palm City Florida Market Report ZIP Code 34990 Condo July 2013

 

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Palm City Florida Market Report ZIP Code 34990 Condo July 2013

Palm City Florida Market Report ZIP Code 34990 Residential July 2013

08.18.13 by

Palm City Florida Market Report ZIP Code 34990 Residential July 2013

 

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

 

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


There are currently 360 active listings (A decrease of 22 homes from June)

Active Listings - Palm City Florida Market Report ZIP Code 34990 Residential July 2013

 

153 Residential sales are pending and awaiting close or lender approval. (A decrease of 9 homes from last month)

Pending Listings - Palm City Florida Market Report ZIP Code 34990 Residential July 2013

 

70 Homes Sold in July (Increased by 1 home from June)

Sold Listings - Palm City Florida Market Report ZIP Code 34990 Residential July 2013

 
The Palm City, zip code 34990, area of Martin County Florida continues to have impressive market activity.  But, the inventory is getting to levels that are starting to effect year to year numbers.  For the month, sales were up by 1 home while the pending sales decreased by 9. 
 
The current absorption rate remained steady at 5.5 months, which still indicates a slight sellers market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The July 2012 numbers were:  416 active listings, 169 pending sales and 63 closed sales.   Closed sales outperformed last years volume, but pendings are now off slightly.  I expect slower activity if the inventory continues to drop.

 

 Please use the charts below as reference only as they rely on all residential types of property in the 34990 real estate market:

Market Summary - Palm City Florida Market Report ZIP Code 34990 Residential July 2013

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Palm City Florida Market Report ZIP Code 34990 Residential July 2013

Stuart Florida Market Report ZIP Code 34997 Condo July 2013

08.17.13 by

Stuart Florida Market Report ZIP Code 34997 Condo July 2013

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

 

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

 

There are currently 80 active condo listings (An increase of 3 condos form June).

Active Listings - Stuart Florida Market Report ZIP Code 34997 Condo July 2013

 

31 Condo sales are pending and awaiting close or lender approval (Down 1 condo from June).

Pending Listings - Stuart Florida Market Report ZIP Code 34997 Condo July 2013

 

12 Condos Sold in July (An increase of 4 condos from June).

Sold Listings - Stuart Florida Market Report ZIP Code 34997 Condo July 2013

 

A second slower month of activity for the Stuart condo market for the area in ZIP code 34997.  Still, activity remains strong for the ‘off’ season for Florida.  We need increased inventory for this market to get back to the fast pace we saw this spring.

The one month absorption rate dropped to 6.7 months.  Very close to a balanced market.   A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller. 

The July 2012 numbers were: 100 active listings, 28 pending sales and 13 closed sales.  Similar activity as compared to last year.  With a 20% lower inventory, these are good results. 

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
Market Summary - Stuart Florida Market Report ZIP Code 34997 Condo July 2013
 

 

Stuart Florida Real Estate presented by:
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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2013

 

 

Stuart Florida Market Report ZIP Code 34997 Residential July 2013

08.16.13 by

Stuart Florida Market Report ZIP Code 34997 Residential July 2013

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

 

There are currently 331 active listings (A decrease of 1 home from June).

Active Listings - Stuart Florida Market Report ZIP Code 34997 Residential July 2013

166 Residential sales are pending and awaiting close or lender approval (A decrease of 6 home from June).

Pending Listings - Stuart Florida Market Report ZIP Code 34997 Residential July 2013

 

62 Homes Sold in July (Down 6 homes from June)

Sold Listings - Stuart Florida Market Report ZIP Code 34997 Residential July 2013

 

Activity eased for the second month in a row for the Stuart Florida Market Report ZIP Code 34997.  Inventory remained basically unchanged while both pending and closed sales saw decreases.  This is still a sellers market for now, but if this trend continues we will probably see a more balanced market in the next few months.
 
The current one month absorption rate rose to 5.3 months which still indicates a sellers market ( though it’s up from last months 4.9 month absorption rate).  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.  
 
The 2012 numbers were: 330 active listings, 222 pending listings and 50 closed sales.  Better closed activity this year, while pending sales are significantly lower.  Unusually for this segment of the Stuart residential market, the inventory is similar to last year.  (Most of our areas have reduced inventory this year as compared to last)
 
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
 
Market Summary - Stuart Florida Market Report ZIP Code 34997 Residential July 2013

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Stuart Florida Market Report ZIP Code 34997 Residential July 2013

Stuart Florida Market Report ZIP Code 34996 Condo July 2013

08.15.13 by

Stuart Florida Market Report ZIP Code 34996 Condo July 2013

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

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

There are currently 176 active condo listings (Down 8 from last month).

Active Listings - Stuart Florida Market Report ZIP Code 34996 Condo July 2013

 

32 Condo sales are pending and awaiting close or lender approval (An increase of 1 condo from June).
Pending Listings - Stuart Florida Market Report ZIP Code 34996 Condo July 2013

 

 

16 Condos Sold in July (Down by 1 from June)

Sold Listings - Stuart Florida Market Report ZIP Code 34996 Condo July 2013

 

Fairly consistent activity for the Stuart Florida Market Report ZIP Code 34996 for Condos for July 2013.   Both pending and closed sales remained steady with only a 1 unit increase and decrease respectively.  Another decrease in inventory, which is pretty normal as many condo owners feel that the summer market is not the prime time to sell condos.  Though, history has proven this to be quite wrong, as the decreased competition normally results in much greater showing activity and a better chance of a sale.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo rose slightly to 11 months. Still  a fairly significant buyers market for July of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for July 2012 were: 190 active listings, 17 pending sales and 12 closed sales.   Still doing considerably better this year as compared to last.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:

Market Summary - Stuart Florida Market Report ZIP Code 34996 Condo July 2013

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

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Stuart Florida Market Report ZIP Code 34996 Condo July 2013

Stuart Florida Market Report ZIP Code 34996 Residential July 2013

08.14.13 by

Stuart Florida Market Report ZIP Code 34996 Residential July 2013

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

 

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

There are currently 126 active listings (Decreased by 27 homes from June).

Active Listings - Stuart Florida Market Report ZIP Code 34996 Residential July 2013

 

44 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from June).

Pending Listings - Stuart Florida Market Report ZIP Code 34996 Residential July 2013

 

15 Homes Sold in July (Decreased by 6 homes from June).

Sold Listings - Stuart Florida Market Report ZIP Code 34996 Residential July 2013

 

In the 34996 zip code area of Stuart Florida real estate market activity for July 2013 there was a large drop in inventory for July.  Whether sellers are taking a break for the summer or waiting for prices to increase, only time will tell.  Closed sales were off slightly in July while we did have a small rise in pending sales.

The one month absorption rate for the 34996 zip code area of Stuart Florida for July rose to 8.4 months, remaining a buyer’s market.  This figure should be dropping as the pending sales close in the coming months. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for July of 2012 were: 166 active listings, 28 pending sales and 11 closed sales.  Considerably better activity this year as compared to last, especially when considering the lower number of available homes for sale.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:

Market Summary - Stuart Florida Market Report ZIP Code 34996 Residential July 2013

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Stuart Florida Market Report ZIP Code 34996 Residential July 2013

Hammock Creek August 2013 Market Update

08.08.13 by

Hammock Creek August 2013 Market Update

There are currently 10 homes actively listed in Hammock Creek in Palm City, Florida.  Prices range from $639,900 to $385,000.  The average list price is $529,020 at $147.77 per square foot of living area.  There are no short sales or foreclosures in these listings.

There are 7 homes currently under contract awaiting closing.  Of these pending homes, there is one short sale and no bank owned foreclosures.  The list prices range from $575,000 to $319,900 at an average list price is $475,000 at $114.24 per square foot of living area.

In the past 12 months, 35 homes have sold in Hammock Creek.  Sales prices ranged from $570,000 to $265,000 to  with an average sales price of $363,368 at $130.05 per square foot of living area.  There were three short sales and one bank owned foreclosure included in these sales

Hammock Creek is a lovely gated upscale neighborhood consisting of three separate sections, The Sanctuary, The Preserve, and The Estates. The community is centered around the Hammock Creek Golf Course, a Jack Nicklaus designed course. Homes in Hammock Creek consist of one and two stories with square footage ranging from 2000 to over 5000 square feet and prices starting in the low 300’s.Most of the homes sit on generous lots with a view of either the lake, preserve, or golf course.

There are wide paver sidewalks ideal for families who enjoy biking, walking, and jogging. Close to fine shopping, nice restaurants, immediate access to I-95 and the turnpike, and A Rated Palm City schools makes Hammock Creek one of Martin County’s premier neighborhoods.

Low HOA fees ranging from approximately $260 to $390 per month depending on which section one resides .

Here are the currently available homes in Hammock Creek August 2013 Market Update

For any questions you may have about Hammock Creek August 2013 Market Update, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Hammock Creek August 2013 Market Update

Hobe Sound Florida Market Report ZIP Code 33455 Condo, June 2013

07.25.13 by

Hobe Sound Florida Market Report ZIP Code 33455 Condo, June 2013

 

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

 

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

 

There are currently 19 active condo listings. (Down by 2 condos from May)

[singlepic id=3744 w=500 h=500 float=center]

 

10 Condo sales are pending and awaiting close or lender approval. (Up by 5 condos from May)

[singlepic id=3745 w=500 h=500 float=center]

 

0 Condos sold in June (Down 4 condos from May)

 

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  There were no sales for condos in June, whoever pending sales doubled to 10 units. Inventory is only 19 units making meaningful interpretation of this market fairly meaningless with such low numbers in this segment of the Martin County condo market.

With 0 sales, the absorption rate for June is nonexistent.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. 

The June 2012 numbers were:  30 active listings, 8 pending sales and 6 closed sales.   Pending sales remain stronger than in 2012, and the inventory is off by 30%.  Should see these pending condos translate into sales in the coming months.


Please use the charts below as reference only as they rely on all residential types of property in the 33455 real estate market:

[singlepic id=3747 w=700 h=700 float=center]

Search here for Hobe Sound Florida Real Estate for Sale ( Condos)
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Hobe Sound Florida Market Report ZIP Code 33455 Condo, June 2013

 

Jensen Beach Florida Market Report ZIP Code 34957 Condo June 2013

07.24.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Condo June 2013

 

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

 

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

There are currently 31 active listings. ( A decrease of 13 condos from May)

[singlepic id=3748 w=500 h=500 float=center]

 

24 Condo sales are pending and awaiting close or lender approval. (Unchanged from May)

[singlepic id=3749 w=500 h=500 float=center]

 

7 Condos Sold (Unchanged from May)

[singlepic id=3750 w=800 h=800 float=center]

 


The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  Current inventory is at an all time low.   No changes for the June numbers for both pending and closed sales while the inventory dropped by close to 25% to only 31 active units.  If this low level continues, sales numbers are almost a certainty to drop lower.

The one month absorption rate for the June 2013, Jensen Beach Florida Market Report ZIP Code 34957 is now down to 4.4 months, signifying a shift to a sellers market. A balanced market is considered to be a 6 month absorption rate favoring neither the buyer or seller.

The June 2012 numbers were: 58 active listings, 21 pending sales and 6 condos closed.   When the reduced inventory is factored into this activity, this years numbers are much more active.


Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:

[singlepic id=3751 w=700 h=700 float=center]

Search here for Jensen Beach Real Estate for Sale


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Jensen Beach Florida Market Report ZIP Code 34957 Condo June 2013

Hobe Sound Florida Market Report ZIP Code 33455 Residential, June 2013

07.23.13 by

Hobe Sound Florida Market Report ZIP Code 33455  Residential, June 2013

 

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

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

 

There are currently 248 active listings. ( Up by 20 home from May)

[singlepic id=3732 w=500 h=500 float=center]

 

107 Residential sales are pending and awaiting close  (An increase of 2 home from May)

[singlepic id=3733 w=500 h=500 float=center]

 

37 Homes Sold in June (Down by 13 home from last month)

[singlepic id=3734 w=800 h=800 float=center]

 

Sales were off by 13 homes from a very strong May in the Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County.  The inventory increased as sellers are realizing that some of the best conditions exist in many years for a successful home sale.  Pending numbers remained strong, decreasing by only 1 home.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 6.7 months from the 4.6 of last month, thus inching back to a very slight buyers market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for June 2012 were:  266 active listings, 93 pending sales and 46 closed sales.   Still a strong showing for this year with some good future potential with the high number of pending sales.

 Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:

[singlepic id=3735 w=700 h=700 float=center]

Search here for Hobe Sound Florida Real Estate for Sale

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Hobe Sound Florida Market Report ZIP Code 33455 Residential, June 2013

Jensen Beach Florida Market Report ZIP Code 34957 Residential June 2013

07.22.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Residential June 2013

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

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

 

 There are currently 112 active listings. (An increase of 9 homes from last month)

[singlepic id=3736 w=500 h=500 float=center]

 

75 Residential sales are pending and awaiting close or lender approval. (Down 1 home from May)

[singlepic id=3737 w=500 h=500 float=center]

 

31 Homes Sold (Up by 4 homes from May)

[singlepic id=3738 w=800 h=800 float=center]

 

The Jensen Beach residential real estate market, zip code 34957 had a solid June 2013 with an increase in closed sales, only 1 fewer pending sales and a welcome increase of inventory.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased again, now only 3.6 months, a strong seller’s market.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The June 2012 numbers were: 121 active listings, 88 pending sales and 25 home sales closed.  Jensen Beach , FL residential real estate continues to outperform many of the surrounding areas.
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:
[singlepic id=3739 w=600 h=600 float=center]

Search here for Jensen Beach Real Estate for Sale

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Jensen Beach Florida Market Report ZIP Code 34957 Residential June 2013

Palm City Florida Market Report ZIP Code 34990 Condo June 2013

07.21.13 by

Palm City Florida Market Report ZIP Code 34990 Condo June 2013

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

 

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



There are currently 54 active condo listings. (Up by 2 condos from May)

[singlepic id=3752 w=500 h=500 float=center]

 

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

[singlepic id=3753 w=500 h=500 float=center]

 

8 Condos Sold in June. (Up 5 condos from May)

[singlepic id=3754 w=800 h=800 float=center]

 

The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.   Sales were up by more than double from last month, while pending sales were off by 2 condos, and a small increase of 2 condos to the inventory.
 
The current absorption rate for condos in the 34990 zip code area dropped to 6.8 months.  A steep drop to almost a balanced market for this month, as a balanced market is considered to be an absorption rate of around 6 months.
 
The June 2012 numbers were: 66 active listings, 5 pending sales and 3 closed sales.   Even with the significantly lower number of active condo listings, this year’s activity is much better.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

[singlepic id=3755 w=700 h=700 float=center]

 

Search here for Palm City Florida Real Estate for Sale ( Condos)
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Palm City Florida Market Report ZIP Code 34990 Condo June 2013

Palm City Florida Market Report ZIP Code 34990 Residential June 2013

07.20.13 by

Palm City Florida Market Report ZIP Code 34990 Residential June 2013

 

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

 

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


There are currently 382 active listings (A decrease of 9 homes from May)

[singlepic id=3740 w=500 h=500 float=center]

 

162 Residential sales are pending and awaiting close or lender approval. (A decrease of 5 homes from last month)

[singlepic id=3741 w=500 h=500 float=center]

 

69 Homes Sold in June (Decreased by 8 home from May)

[singlepic id=3742 w=800 h=800 float=center]

 
For the second month in a row, pending and sold homes have eased in the Palm City, zip code 34990, area of Martin County Florida.  Inventory decreased by 9 homes, basically negating the 9 home increase from last month. 
 
The current absorption rate rose slightly to 5.5 months, which still indicates a slight sellers market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The June 2012 numbers were:  441 active listings, 189 pending sales and 70 closed sales.  Even with a significantly reduced inventory, closed sales remain comparable to last year.  Pending sales, as a percentage are close as well.

 Please use the charts below as reference only as they rely on all residential types of property in the 34990 real estate market:

[singlepic id=3743 w=700 h=700 float=center]

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Palm City Florida Market Report ZIP Code 34990 Residential June 2013

Stuart Florida Market Report ZIP Code 34997 Condo June 2013

07.17.13 by

Stuart Florida Market Report ZIP Code 34997 Condo June 2013

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

 

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

 

There are currently 77 active condo listings (A decrease of 10 condos form May).

[singlepic id=3768 w=500 h=500 float=center]

 

32 Condo sales are pending and awaiting close or lender approval (Up 2 condos from May).

[singlepic id=3769 w=500 h=500 float=center]

 

8 Condos Sold in June (A decrease of 9 condos from May).

[singlepic id=3770 w=800 h=800 float=center]

 

A second slower month of activity for the Stuart condo market for the area in ZIP code 34997.  The only bright note is a stron pending sales number as sales were off for the past two months.  Inventory is also down to very low numbers as well.

The one month absorption rate rose to 9.6 months.  Now back to a buyers market, after months of sellers having the advantage.   A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller. 

The June 2012 numbers were: 109 active listings, 26 pending sales and 12 closed sales.  Other than better pending numbers, the 34997 condo market is off from last year.  The very low inventory numbers are troubling for future activity.

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
[singlepic id=3771 w=700 h=700 float=center] 
 

 

Stuart Florida Real Estate presented by:
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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2013

 

 

Stuart Florida Market Report ZIP Code 34997 Residential June 2013

07.16.13 by

Stuart Florida Market Report ZIP Code 34997 Residential June 2013

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

 

There are currently 332 active listings (An increase of 34 homes from May).

[singlepic id=3728 w=500 h=500 float=center]

172 Residential sales are pending and awaiting close or lender approval (A decrease of 18 home from May).

[singlepic id=3772 w=500 h=500 float=center]

 

68 Homes Sold in June (Down 16 homes from May)

[singlepic id=3730 w=800 h=800 float=center]

 

For June 2013, the Stuart Florida Market Report ZIP Code 34997 bucked the trend from the other two zip codes in Stuart with a sharply higher inventory and decreased pending and closed numbers.  Whether this is just a seasonal fluctuation or a trend, it’s just to early to call.  But, as prices have started to increase it looks like some latent seller demand is coming to the market.
 
The current one month absorption rate rose to 4.9 months which still indicates a sellers market ( though it’s up from last months 3.5 month absorption rate).  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.   Prices have started to rise in this zip code area of Martin County, which is probably one reason for the increased inventory.
 
The 2012 numbers were: 356 active listings, 204 pending listings and 78 closed sales.  Slightly less activity for this year, but fairly close when the reduced inventory is taken into consideration.
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
 
 [singlepic id=3731 w=700 h=00 float=center]

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Stuart Florida Market Report ZIP Code 34997 Residential June 2013

Stuart Florida Market Report ZIP Code 34996 Condo June 2013

07.15.13 by

Stuart Florida Market Report ZIP Code 34996 Condo June 2013

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

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

There are currently 184 active condo listings (Down 11 from last month).

[singlepic id=3760 w=600 h=600 float=center]

 

31 Condo sales are pending and awaiting close or lender approval (A decrease of 2 condos from May).

[singlepic id=3761 w=600 h=600 float=center]

 

17 Condos Sold in June (Down by 8 from May)

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 Some easing in the Stuart Florida Market Report ZIP Code 34996 for Condos for June 2013.   Both pending and closed sales were off (and this for the second month in a row).  After a slight rise in inventory last month, June saw a decrease of 11 listings.  After a very strong spring, it appears that the seasonal nature of this condo market is manifesting itself.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo rose to 10.8 months. Back to a fairly significant buyers market for June of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for June 2012 were: 185 active listings, 27 pending sales and 20 closed sales.   Other than improved pending numbers, this years activity is a bit of a disappointment.

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:

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Stuart Florida Market Report ZIP Code 34996 Condo June 2013

Stuart Florida Market Report ZIP Code 34996 Residential June 2013

07.14.13 by

Stuart Florida Market Report ZIP Code 34996 Residential June 2013

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

 

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

There are currently 153 active listings (Decreased by 8 homes from May).

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42 Residential sales are pending and awaiting close or lender approval (Decreased by 13 from May).

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21 Homes Sold in June (Increased by 2 homes from May).

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In the 34996 zip code area of Stuart Florida real estate market activity for June 2013 closed sales increased again, by 2 homes while pending sales were off by 13.  Sales activity remains strong and we are seeing multiple offers on some well priced desirable properties.  The inventory dropped to only 153 homes available for sale.

The one month absorption rate for the 34996 zip code area of Stuart Florida for June dipped to 7.2 months, which is still a slight buyer’s market.  This figure should be dropping as the pending sales close in the coming months. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for June of 2012 were: 159 active listings, 32 pending sales and 8 closed sales.  Market activity has improved from June of 2012, although only marginally.  There have been some advances in sales in the higher priced homes which have been difficult sales in the past few years.

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:

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Stuart Florida Market Report ZIP Code 34996 Residential June 2013

Hobe Sound Florida Market Report ZIP Code 33455 Condo, May 2013

06.24.13 by

Hobe Sound Florida Market Report ZIP Code 33455 Condo, May 2013

 

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

 

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

 

There are currently 21 active condo listings. (Unchanged from April)

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5 Condo sales are pending and awaiting close or lender approval. (Decreased by 2 condos from April)

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4 Condos sold in May (Down 1 condos from April)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Sales were only 4 units for May and pending sales were off slightly.  Meaningful interpretation of this market is fairly meaningless with the low number of available condos for sale.

The one month absorption rate jumped to 5.25 months, signifying a return to a seller’s market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. 

The May 2012 numbers were:  33 active listings, 8 pending sales and 1 closed sales.   Still doing better this year when considering the tiny inventory of condos available for sale in Hobe Sound.


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Hobe Sound Florida Market Report ZIP Code 33455 Condo, May 2013

 

Hobe Sound Florida Market Report ZIP Code 33455 Residential, May 2013

06.23.13 by

Hobe Sound Florida Market Report ZIP Code 33455  Residential, May 2013

 

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

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

 

There are currently 228 active listings. ( Up by 1 home from April)

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105 Residential sales are pending and awaiting close  (A decrease of 1 home from April)

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50 Homes Sold in May (Down by 1 home from last month)

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Strong sales activity for a third month in a row for the Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County.  Numbers for May were almost identical for April.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 4.6 months from the 4.5 of last month.  Hobe Sound is now a strong seller’s market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for May 2012 were:  285 active listings, 99 pending sales and 43 closed sales.   Considering the reduced inventory as compared to 2012, the market activity continues to grown and improve for the Hobe Sound residential real estate market.

 

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Hobe Sound Florida Market Report ZIP Code 33455 Residential, May 2013