Stuart FL 34996 Residential Market Report February 2019

Stuart FL 34996 Residential Market Report February 2019

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for February 2019

For February 2019 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 171 active listings (Decreased by 3 homes from January).

Stuart FL 34996 Residential Market Report February 2019

39 Residential sales are pending and awaiting close (Down by 4 homes from January).

Stuart FL 34996 Residential Market Report February 2019

21 Homes Sold in February (Up by 11 homes from January).

Stuart FL 34996 Residential Market Report February 2019

The 34996 zip code area of the Stuart Florida had a nice jump in closed sales.  Unfortunately, both pending sales and inventory dropped from last month.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for February rose to 8.1 months as compared to October’s 17.4 months.  Still a buyer’s market for the 34996 zip code area of Stuart FL but driting towards a balanced market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for February 2018 were: 130 active listings, 56 pending sales, and 14 closed sales.  There is increased sales volume this year but also less pending activity and a greater inventory of homes for sale.

Stuart FL 34996 Residential Market Report February 2019

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Stuart FL 34996 Residential Market Report February 2019

Palm City FL 34990 Residential Market Report February 2019

Palm City FL 34990 Residential Market Report February 2019

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for February 2019

For February 2019 in the 34990 Zip Code area of Palm City Florida :

 There are currently 402 active listings (Up by 11 homes from January)

Palm City FL 34990 Residential Market Report February 2019

147 Residential sales are pending (Up by 26 homes from last month)

Palm City FL 34990 Residential Market Report February 2019

52 Homes Sold in September (Ip by 5 homes from January)

Palm City FL 34990 Residential Market Report February 2019

The Palm City FL, zip code 34990 residential real estate market showed strong results for February with solid increases in both pending and closed sales.
The monthly absorption rate decreased to 7.7 months from 8.3 months in January.  Remaining in a buyer’s market for the Palm City zip code 34990 area for residential sales but drifting towards 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 February 2018 numbers were:  415 active listings, 144 pending sales, and 55 closed sales.  Very similar activity and inventory as last year.

Palm City FL 34990 Residential Market Report February 2019

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Palm City FL 34990 Residential Market Report February 2019

Stuart Florida 34994 Residential Market Report February 2019

Stuart Florida 34994 Residential Market Report February 2019

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

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

There are currently 93 active listings (Up by 2 homes from January)

Stuart Florida 34994 Residential Market Report February 2019

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

Stuart Florida 34994 Residential Market Report February 2019

14 Homes Sold in May (Increased by 6 homes from January)

Stuart Florida 34994 Residential Market Report February 2019

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had increases in sales and pending sales as well as the number of homes available to purchase.

The one-month absorption rate for the 34994 zip code for January jumped up to 6.6 months from 11.8 months for January.  Transitioning into a balanced market t for the 34994 zip code area of Stuart, FL after one month as a buyer’s market.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The February 2018 numbers were 81 Active Listings, 41 pending sales, and 13 closed sales.  Very similar activity when compared to last year but with a larger inventory of homes for sale this year.

Stuart Florida 34994 Residential Market Report February 2019

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Stuart, FL Real Estate

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Stuart Florida 34994 Residential Real Estate Market Report February 2019

Sewalls Point Single Family Market Report February 2019

Sewalls Point Single Family Market Report February 2019

Sewalls Point Real Estate Snapshot, Residential Sales for February 2019

There are currently 80 active listings (Up by 4 homes from last month)

Sewalls Point Single Family Market Report February 2019

10 home sales are pending and awaiting close or lender approval (Down by 7 homes from January)

Sewalls Point Single Family Market Report February 2019

5 Homes sold in January (Unchanged from January)

Sewalls Point Single Family Market Report February 2019

The single-family real estate market in Sewalls Point is carrying a large inventory of homes with not a lot of activity.  This may be a very good time for buyers looking in the Sewalls Point single family home market.

The absorption rate rose to 16.0 months, in January it was 15.2 months.  Remaining in a strong buyers market for Sewalls Point.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to February 2018, the inventory was 50 homes on the market, 11 pending sales and there were 3 closed sales.  Considerably greater inventory this year with slightly better sales numbers.

Sewalls Point Single Family Market Report February 2019

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Sewalls Point Single Family Market Report February 2019

 

Hobe Sound FL 33455 Residential Market Report January 2019

Hobe Sound FL 33455 Residential Market Report January 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for January 2019

  For January 2019 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 246 active listings. (Up by 28 homes from December)

Hobe Sound FL 33455 Residential Market Report January 2019

63 Residential sales are pending and awaiting close  (Up by 13 homes from December)

Hobe Sound FL 33455 Residential Market Report January 2019

26 Homes Sold in January (Down by 13 homes from last month)

Hobe Sound FL 33455 Residential Market Report January 2019

The Hobe Sound Florida Market Report ZIP Code 33455 showed a drop in closed sales and an increase in pending sales on greater inventory.  This segment of the Martin County residential real estate could use some improvement.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 9.5 months (It was 5.6 months in December).  Returning into a buyer’s market for Hobe Sound residential real estate after one month as a seller’s 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 January 2018 were:  193 active listings, 74 pending sales, and 37 closed sales.  Much better activity last year even though there was less inventory of Hobe Sound homes for sale.

Hobe Sound FL 33455 Residential Market Report January 2019

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Hobe Sound FL 33455 Residential Market Report January 2019