Stuart FL 34997 Residential Market Report July 2018

Stuart FL 34997 Residential Market Report July 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for July 2018

For July 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 258 active listings (Decreased by 5 homes from June).

Stuart FL 34997 Residential Market Report July 2018

164 Residential sales are pending and awaiting close or lender approval (Increased by 15 homes from June).

Stuart FL 34997 Residential Market Report July 2018

80 Homes Sold in July (Decreased by 14 homes from June)

Stuart FL 34997 Residential Market Report July 2018

      The Stuart Florida Residential Market for ZIP Code 34997 remains very active with strong sales.  Pending sales were off this month which may result in some lower closed sales volume in the coming months. The inventory remained relatively steady for this month after numerous months of decreases in thenumber of available homes for sale.
     The absorption rate rose slightly to 3.2 months (was 2.8 months for June).  Remaing as a very strong seller’s market for the 34997 zip code area of Stuart for July 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2017 numbers for July, were: 292 active listings, 180 pending listings, and 84 closed sales.  Similar closed activity but a considerably reduced number of pending sales on a much lower inventory of available homes for sale.
Stuart FL 34997 Residential Market Report July 2018

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Stuart FL 34997 Residential Market Report July 2018

 

Stuart FL 34996 Residential Market Report July 2018

Stuart FL 34996 Residential Market Report July 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for July 2018

For July 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 128 active listings (ncreased by 23 homes from June).

Stuart FL 34996 Residential Market Report July 2018

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

Stuart FL 34996 Residential Market Report July 2018

25 Homes Sold in July (Down by 1 homes from June).

Stuart FL 34996 Residential Market Report July 2018

The 34996 zip code area of the Stuart Florida residential real estate market continues to be an active market but somewhat weaker than last month.  On a positive note, the inventory did rise for July.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for July rose to 5.1 months as compared to June’s 4.0 months.  Remaining as a seller’s market for the 34996 zip code area of Stuart FL but drifting 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 July 2017 were: 147 active listings, 33 pending sales, and 36 closed sales.  Considerably stronger activity last year.

Stuart FL 34996 Residential Market Report July 2018

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Stuart FL 34996 Residential Market Report July 2018

Stuart Florida 34994 Residential Market Report July 2018

Stuart Florida 34994 Residential Market Report July 2018

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for July 2018

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

There are currently 71 active listings (Up by 2 homes from June)

Stuart Florida 34994 Residential Market Report June 2018

30 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from last month).

Stuart Florida 34994 Residential Market Report June 2018

21 Homes Sold in May (Increased by 4 homes from June)

Stuart Florida 34994 Residential Market Report June 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues to show very strong activity in single family real estate sales.

The one-month absorption rate for the 34994 zip code for July dipped to 3.4 months from 4.1 months for June.  Remaining in a seller’s market for the 34994 zip code area of Stuart, FL.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The July 2017 numbers were 79 Active Listings, 25 pending sales, and 12 closed sales.  Better all around activity this year with less inventory of available homes for sale.

Stuart Florida 34994 Residential Market Report June 2018

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Stuart Florida 34994 Residential Real Estate Market Report July 2018

Sewalls Point Single Family Market Report July 2018

Sewalls Point Single Family Market Report July 2018

Sewalls Point Real Estate Snapshot, Residential Sales for July 2018

 

There are currently 50 active listings (Up by 4 homes from last month)

Sewalls Point Single Family Market Report July 2018

6 home sales are pending and awaiting close or lender approval (Down by 4 homes from June)

Sewalls Point Single Family Market Report July 2018

9 Homes sold in July (Increased by 3 homes sales from June)

Sewalls Point Single Family Market Report July 2018

The single-family real estate market in Sewalls Point had increased closed sales for the month but not as many pending sales.  his could be an indication of fewer closed sales in the coming months.

The absorption rate dipped to 5.6 months, in June was 7.7 months.  Transitioning into a seller’s 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 July 2017, the inventory was 43 homes on the market, 8 pending sales and there were 8 closed sales.  Better activity last year with less inventory, except for one greater closed sale for this year.

Sewalls Point Single Family Market Report July 2018

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Sewalls Point Single Family Market Report July 2018

 

Hobe Sound FL 33455 Residential Market Report June 2018

Hobe Sound FL 33455 Residential Market Report June 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for June 2018

  For June 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 192 active listings. (Increased by 8 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2018

80 Residential sales are pending and awaiting close  (Down by 12 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2018

49 Homes Sold in June (Down by 14 homes from last month)

Hobe Sound FL 33455 Residential Market Report June 2018

The Hobe Sound Florida Market Report ZIP Code 33455 slowed slightly from last month’s toridpace but remains a very active real estate market.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 3.9 months ( It was 2.9 months in May).  Remaining in a seller’s market for Hobe Sound residential real estate.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for June 2017 were:  178 active listings, 69 pending sales, and 53 closed sales.  Interestingly Hobe Sound is one of the few areas in Martin County with higher inventory this year than last year.  Closed sales were slightly lower while pending sales were higher for this June.

Hobe Sound FL 33455 Residential Market Report June 2018

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Hobe Sound FL 33455 Residential Market Report June 2018