Stuart FL 34997 Residential Market Report November 2017

12.18.17 by

Stuart FL 34997 Residential Market Report November 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2017

For November 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 285 active listings (Decreased by 6 homes from October).

Stuart FL 34997 Residential Market Report November 2017

138 Residential sales are pending and awaiting close or lender approval (Increased by 7 homes from October).

Stuart FL 34997 Residential Market Report November 2017

70 Homes Sold in November (Increased by 2 homes from October)

Stuart FL 34997 Residential Market Report November 2017

      The Stuart Florida Residential Market for ZIP Code 34997 showed strong activity for November with increased pending and closed sales activity.
     The absorption rate inched down to 4.1 months (was 4.3 months for October).  Continuing as a seller’s market for the 34997 zip code area of Stuart for November 2017.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2016 numbers for November, were: 328 active listings, 132 pending listings, and 62 closed sales.  A continuing better market when compared to last year with a lower inventory of available homes for sale. 
Stuart FL 34997 Residential Market Report November 2017

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Stuart FL 34997 Residential Market Report November 2017

 

Stuart FL 34996 Residential Market Report November 2017

12.14.17 by

Stuart FL 34996 Residential Market Report November 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for November 2017

For November 2017 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 143 active listings (Increased by 14 homes from October).

Stuart FL 34996 Residential Market Report November 2017

29 Residential sales are pending and awaiting close or lender approval (Down by 1 homes from October).

Stuart FL 34996 Residential Market Report November 2017

19 Homes Sold in November (Increased by 14 homes from October).

Stuart FL 34996 Residential Market Report November 2017

The 34996 zip code area of the Stuart Florida residential real estate showed strong activity for November with much stronger closed sales for the month.

The one month absorption rate for the 34996 zip code area of Stuart Florida for November dropped to 7.5 months as compared to October’s 25.8 months.  Still a buyer’s market for the 34996 zip code area of Stuart FL but trending in the right direction.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for November of 2016 were: 186 active listings, 24 pending sales, and 9 closed sales.  Much better activity this year.

Stuart FL 34996 Residential Market Report November 2017

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Stuart FL 34996 Residential Market Report November 2017

Stuart Florida 34994 Residential Market Report November 2017

12.12.17 by

Stuart Florida 34994 Residential Market Report November 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for November 2017

For November 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 81 active listings (Up by 4 homes from October)

Stuart Florida 34994 Residential Market Report November 2017

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

Stuart Florida 34994 Residential Market Report November 2017

13 Homes Sold in October (Increased by 1 homes from October)

Stuart Florida 34994 Residential Market Report November 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida showed continued positive sales and pending numbers along with an unusual rise in inventory.

The one-month absorption rate for the 34994 zip code for November decreased to 6.2 months from 6.3 months for October.  Remaining in a balanced 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 November 2016 numbers were 45 Active Listings, 31 pending sales, and 14 closed sales.  Similar pending and sales numbers this year but this is with almost double the inventory, making for a much poorer ratio as compared to last year.

Stuart Florida 34994 Residential Market Report November 2017

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Stuart Florida 34994 Residential Real Estate Market Report November 2017

Sewalls Point Single Family Market Report November 2017

12.11.17 by

Sewalls Point Single Family Market Report November 2017

Sewalls Point Real Estate Snapshot, Residential Sales for November 2017

 

There are currently 47 active listings (Up by 6 homes from last month)

Sewalls Point Single Family Market Report November 2017

9 home sales are pending and awaiting close or lender approval (Decreased by 6 homes from October)

Sewalls Point Single Family Market Report November 2017

10 Homes sold in June (Increased by 9 homes sales from October)

Sewalls Point Single Family Market Report November 2017

The single-family real estate market in Sewalls Point continues to have less inventory of available homes for sale.  Pending sales dropped for last month while closed sales were impressive.  A good showing for Sewalls Point for November 2017.

The absorption rate dropped to 4.7 months, in October was 41 months.  Into a seller’s market for Sewalls Point single family homes for the first time in many years.  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 November 2016, the inventory was 74 homes on the market, 11 pending sales and there were 2 closed sales.  Considerably better sales activity this year, even with significantly lower inventory.

Sewalls Point Single Family Market Report November 2017

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Sewalls Point Single Family Market Report November 2017

 

Hobe Sound FL 33455 Residential Market Report October 2017

11.29.17 by

Hobe Sound FL 33455 Residential Market Report October 2017

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for October 2017

  For October 2017 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 212 active listings. (Increased by 35 homes from September)

Hobe Sound FL 33455 Residential Market Report October 2017

49 Residential sales are pending and awaiting close  (Down by 8 homes from September)

Hobe Sound FL 33455 Residential Market Report October 2017

29 Homes Sold in October (Up by 1 homes from last month)

Hobe Sound FL 33455 Residential Market Report October 2017

The Hobe Sound Florida Market Report ZIP Code 33455 showed a second slower month with an unexpected jump in inventory.  Some of this decreased activity may have been caused by Hurricane Irma which shut down real estate for a little over a week in September.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 jumped to 7.3 months ( It was 6.3 months in September).  Now a buyer’s market after a brief month as a balanced 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 October 2016 were:  198 active listings, 59 pending sales, and 33 closed sales.  Better activity for 2016 on slightly lower inventory levels.

Hobe Sound FL 33455 Residential Market Report October 2017

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Hobe Sound FL 33455 Residential Market Report October 2017

Jensen Beach FL 34957 Residential Market Report October 2017

11.27.17 by

Jensen Beach FL 34957 Residential Market Report October 2017

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for October 2017

 For October 2017 in the 34957 Zip Code area of Jensen Beach, Florida:

 There are currently 143 active listings. (Up by 1 homes from last month)

Jensen Beach FL 34957 Residential Market Report October 2017

52 Residential sales are pending and awaiting close or lender approval. (Down by 3 homes from September)

Jensen Beach FL 34957 Residential Market Report October 2017

39 Homes Sold (Up by 10 homes from September)

Jensen Beach FL 34957 Residential Market Report October 2017

The Jensen Beach FL 34957 Residential Market rebounded strongly for October after a slightly weaker hurricane impacted September market.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dipped to 3.7 months ( was 4.9 months in September).  More of a seller’s market for Jensen Beach residential sales.   A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The October 2016 numbers were: 171 active listings, 69 pending sales, and 37 home sales closed.  Better sales activity this year on a considerably lower amount of available homes for sale.
Jensen Beach FL 34957 Residential Market Report October 2017
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Jensen Beach FL 34957 Residential Market Report October 2017

Palm City FL 34990 Residential Market Report October 2017

11.23.17 by

Palm City FL 34990 Residential Market Report October 2017

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for October 2017

For October 2017 in the 34990 Zip Code area of Palm City Florida :

 There are currently 347 active listings (Increased by 12 homes from September)

Palm City FL 34990 Residential Market Report October 2017

126 Residential sales are pending and awaiting close or lender approval. (Down by 20 homes from last month)

Palm City FL 34990 Residential Market Report October 2017

66 Homes Sold in September (Up by 23 home from September)

Palm City FL 34990 Residential Market Report October 2017

The Palm City FL, zip code 34990 residential real estate market remains very active.  A solid increase in cosed sales from last month but an unfortunate drop in pending sales as well.
The monthly absorption rate jumped up to 5.3 months from 7.8 months in September.  Back into a seller’s 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 2016 numbers were:  400 active listings, 114 pending sales, and 55 closed sales.  Much better activity this year even with a smaller inventory of available homes for sale.

Palm City FL 34990 Residential Market Report October 2017

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Palm City FL 34990 Residential Market Report October 2017

Stuart FL 34997 Residential Market Report October 2017

11.21.17 by

Stuart FL 34997 Residential Market Report October 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2017

For October 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 291 active listings (Increased by 17 homes from September).

Stuart FL 34997 Residential Market Report October 2017

131 Residential sales are pending and awaiting close or lender approval (Increased by 1 homes from September).

Stuart FL 34997 Residential Market Report October 2017

68 Homes Sold in October (Unchanged from September)

Stuart FL 34997 Residential Market Report October 2017

      The Stuart Florida Residential Market for ZIP Code 34997 remains active with good activity even through last September’s hurricane.
     The absorption rate inched up to 4.3 months (was 4.0 months for September).  Continuing as a seller’s market for the 34997 zip code area of Stuart for October 2017.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2016 numbers for October, were: 331 active listings, 132 pending listings, and 58 closed sales.  Better closed activity this year with a lower inventory.
Stuart FL 34997 Residential Market Report October 2017

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Stuart FL 34997 Residential Market Report October 2017

 

Stuart FL 34996 Residential Market Report October 2017

11.17.17 by

Stuart FL 34996 Residential Market Report October 2017

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for October 2017

For October 2017 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 129 active listings (Unchanged from September).

Stuart FL 34996 Residential Market Report October 2017

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

Stuart FL 34996 Residential Market Report October 2017

5 Homes Sold in October (Decreased by 1 homes from September).

Stuart FL 34996 Residential Market Report October 2017

The 34996 zip code area of the Stuart Florida residential real estate rebounded some for October mostly with strong pending sales.  Closed sales remain weak.  Much of this may be attributed to Hurricane Irma which shut down real estate for a little over a week last month.  Some of October’s activity could have been impacted by Hurricane Irma which shut down real estate for a little over a week in September with ripple effects that have continued.

The one month absorption rate for the 34996 zip code area of Stuart Florida for October jumped to 25.8 months as compared to September’s 65 months.  Still a strong buyer’s market for the 34996 zip code area of Stuart FL but trending in the right direction.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for October of 2016 were: 174 active listings, 25 pending sales, and 15 closed sales.  Considerably better closed activity from last year but with a much larger inventory.

Stuart FL 34996 Residential Market Report October 2017

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Stuart FL 34996 Residential Market Report October 2017

Stuart Florida 34994 Residential Market Report October 2017

11.15.17 by

Stuart Florida 34994 Residential Market Report October 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for October 2017

For October 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 76 active listings (Unchanged from September)

Stuart Florida 34994 Residential Market Report October 2017

27 Residential sales are pending and awaiting close or lender approval (Increased by 6 homes from last month).

Stuart Florida 34994 Residential Market Report October 2017

12 Homes Sold in September (Increased by 4 homes from September)

Stuart Florida 34994 Residential Market Report October 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida rebounded some from the previous month’s slower hurricane impacted activity.

The one month absorption rate for the 34994 zip code for October decreased to 6.3 months from 9.5 months for September.  Bringing the 34994 zip code area of Stuart, FL back into a balanced market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The October 2016 numbers were 56 Active Listings, 32 pending sales, and 16 closed sales.  Better sales and pending activity last year even though the inventory was smaller.  Some of this year’s activity could have been impacted by Hurricane Irma which shut down real estate for a little over a week in September with ripple effects that continued longer.

Stuart Florida 34994 Residential Market Report October 2017

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Stuart Florida 34994 Residential Real Estate Market Report October 2017

Legacy Cove Stuart FL November 2017 Market Report

11.15.17 by

Legacy Cove Stuart FL November 2017 Market Report

There are currently no homes available for sale in Legacy Cove in Stuart, FL.

There is one home currently under contract awaiting settlement.  The list price was $410,000 or $164.53 per sq. ft. of living area.  This home was on the market for 11 days prior to going under contract.

In the past 12 months, 10 homes have sold in Legacy Cove with sales prices ranging from $288,000 to $435,000 for an average sales price of $351,000 or $162.13 per sq. ft. of living area.  These sales averaged 97% of list price and went under contract in an average of 46 days after going on the market.

About Legacy Cove in Stuart FL:

Legacy Cove in Stuart FL

Legacy Cove in Stuart Florida is a gated lakeside community of 229 homes off of Cove Road in Stuart, Florida.  Legacy Cove consists of two sections. The first section of 142 homes called the Cove Isle development was mostly completed between 2004 and 2005.  The newer section, called the Cove Lakes development consists of 87 home sites with construction that began in 2007.  Some homes are yet to be completed in Cove lakes.

Legacy Cove in Stuart FL

There’s a wide variety of homes in Legacy Cove, ranging from the smallest, a 3 bedroom, 2 bathroom, 2 car garage with a little under 1,600 square feet of living area to  4, possible 5 bedroom, 3 and a 1/2 bathroom, 3 car garage two story homes with almost 4,000 square feet of living area.  And many sizes in between.

Legacy Cove in Stuart FL

Legacy Cove boasts a community pool and clubhouse with a fitness center as well as two hard-surfaced tennis courts.  Many homes in Legacy Cove in Stuart Florida have serene lake views and a comfortable private feeling.  Located just minutes from I-95, this is a great location for those wishing to take advantage of Martin County’s amenities while still having an easy commute to work either north or south.

Legacy Cove in Stuart FL

Legacy Cove is in an ‘A’ Martin County school system with children currently attending Pinewood elementary school, Dr. David L Anderson middle school, and Martin County high school.

Legacy Cove in Stuart FL

The HOA fees are very reasonable at $688.00 per quarter.  Management of the community is through Bristol Management of Stuart.

Legacy Cove in Stuart FL

Residents of Legacy Cove in Stuart FL enjoy a relaxing lifestyle with easy access to restaurants, shopping and the many waterways, beaches and public parks that Martin County has to offer.

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For any questions you November have about Legacy Cove Stuart FL, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Legacy Cove Stuart FL November 2017 Market Report

 

Sewalls Point Single Family Market Report October 2017

11.14.17 by

Sewalls Point Single Family Market Report October 2017

Sewalls Point Real Estate Snapshot, Residential Sales for October 2017

 

There are currently 41 active listings (Down by 2 homes from last month)

Sewalls Point Single Family Market Report October 2017

15 home sales are pending and awaiting close or lender approval (Increased by 11 homes from September)

Sewalls Point Single Family Market Report October 2017

1 Homes sold in June (Decreased by 3 homes sales from September)

Sewalls Point Single Family Market Report October 2017

The single family real estate market in Sewalls Point continues to have less inventory of available homes.  Pending sales rose sharply for last month while closed sales were off.  Most likely a result of Hurricane Irma from the previous month that closed the real estate business for a few weeks.

The absorption rate shot up to 41 months, in September was 10.8 months.  An extreme buyer’s market for Sewalls Point single family homes.  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 October 2016, the inventory was 79 homes on the market, 10 pending sales and there were 6 closed sales.  Considerably better sales activity last year, also with much greater inventory of homes for sale..

Sewalls Point Single Family Market Report October 2017

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Sewalls Point Single Family Market Report October 2017

 

Hobe Sound FL 33455 Residential Market Report September 2017

10.25.17 by

Hobe Sound FL 33455 Residential Market Report September 2017

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for September 2017

  For September 2017 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 177 active listings. (Increased by 4 homes from July)

Hobe Sound FL 33455 Residential Market Report September 2017

57 Residential sales are pending and awaiting close  (Down by 5 homes from July)

Hobe Sound FL 33455 Residential Market Report September 2017

28 Homes Sold in September (Down by 24 homes from last month)

Hobe Sound FL 33455 Residential Market Report September 2017

The Hobe Sound Florida Market Report ZIP Code 33455 showed somewhat weaker activity for September.  Some of this decreased activity may have been caused by Hurricane Irma which shut down real estate for a little over a week last month

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 6.3 months ( It was 3.3 months in August).  Back into a balanced market after a brief month as 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 September 2016 were:  193 active listings, 64 pending sales, and 47 closed sales.  Better activity for 2016 on slightly higher inventory levels.

Hobe Sound FL 33455 Residential Market Report September 2017

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Hobe Sound FL 33455 Residential Market Report September 2017

Jensen Beach FL 34957 Residential Market Report September 2017

10.23.17 by

Jensen Beach FL 34957 Residential Market Report September 2017

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for September 2017

 For September 2017 in the 34957 Zip Code area of Jensen Beach, Florida:

 There are currently 142 active listings. (Down by 1 homes from last month)

Jensen Beach FL 34957 Residential Market Report September 2017

55 Residential sales are pending and awaiting close or lender approval. (Down by 22 homes from August)

Jensen Beach FL 34957 Residential Market Report September 2017

29 Homes Sold (Down by 19 homes from August)

Jensen Beach FL 34957 Residential Market Report September 2017

The Jensen Beach FL 34957 Residential Market eased somewhat for September.  Some of this decreased activity may have been caused by Hurricane Irma which shut down real estate for a little over a week last month
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 rose to 4.9 months ( was  3.0 months in August).  Remaining as a seller’s market for Jensen Beach residential sales.   A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The September 2016 numbers were: 179 active listings, 68 pending sales, and 32 home sales closed.  Considerably weaker overall activity this year  with lower inventory levels.
Jensen Beach FL 34957 Residential Market Report September 2017

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Jensen Beach FL 34957 Residential Market Report September 2017

Palm City FL 34990 Residential Market Report September 2017

10.19.17 by

Palm City FL 34990 Residential Market Report September 2017

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for September 2017

For September 2017 in the 34990 Zip Code area of Palm City Florida :

 There are currently 335 active listings (Decreased by 11 homes from August)

Palm City FL 34990 Residential Market Report September 2017

108 Residential sales are pending and awaiting close or lender approval. (Down by 20 homes from last month)

Palm City FL 34990 Residential Market Report September 2017

43 Homes Sold in August (Down by 52 home from August)

Palm City FL 34990 Residential Market Report September 2017

The Palm City FL, zip code 34990 residential real estate market remains very active.  For September there was significant reduction in activity.  Some of this decreased activity may have been caused by Hurricane Irma which shut down real estate for a little over a week last month
The monthly absorption rate jumped up to 7.8 months from 3.6 months in August.  A shift to a buyer’s 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 2016 numbers were:  377 active listings, 21 pending sales, and 54 closed sales.  Weaker activity for this year with a fairly big decrease in inventory.

Palm City FL 34990 Residential Market Report September 2017

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Palm City FL 34990 Residential Market Report September 2017

Stuart FL 34997 Residential Market Report September 2017

10.17.17 by

Stuart FL 34997 Residential Market Report September 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for September 2017

For September 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 274 active listings (Decreased by 17 homes from August).

Stuart FL 34997 Residential Market Report September 2017

130 Residential sales are pending and awaiting close or lender approval (Decreased by 11 homes from August).

Stuart FL 34997 Residential Market Report September 2017

68 Homes Sold in September (Decreased by 18 homes from August)

Stuart FL 34997 Residential Market Report September 2017

      The Stuart Florida Residential Market for ZIP Code 34997 continues with strong activity but a bit weaker than last month.  Some of this decreased activity may have been caused by Hurricane Irma which shut down real estate for a little over a week last month.
     The absorption rate inched down to 4.0 months (was 3.4 months for August).  Continuing as a strong seller’s market for the 34997 zip code area of Stuart for September 2017.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2016 numbers for September, were: 309 active listings, 132 pending listings, and 89 closed sales.  Better activity last year, but it was with a bigger selection of homes (inventory)
Stuart FL 34997 Residential Market Report September 2017

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

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Stuart FL 34997 Residential Market Report September 2017

 

Stuart FL 34996 Residential Market Report September 2017

10.13.17 by

Stuart FL 34996 Residential Market Report September 2017

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for September 2017

For September 2017 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 129 active listings (Down by 16 homes from August).

Stuart FL 34996 Residential Market Report September 2017

19 Residential sales are pending and awaiting close or lender approval (Up by 5 homes from August).

Stuart FL 34996 Residential Market Report September 2017

6 Homes Sold in September (Decreased by 6 homes from August).

Stuart FL 34996 Residential Market Report September 2017

The 34996 zip code area of the Stuart Florida residential real estate showed greatly reduced activity for September along with decreased inventory.  Much of this may be attributed to Hurricane Irma which shut down real estate for a little over a week last month.

The one month absorption rate for the 34996 zip code area of Stuart Florida for September jumped to 65 months as compared to August’s 12.1 months.  Into an extreme buyer’s market for the 34996 zip code area of Stuart FL.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for September of 2016 were: 161 active listings, 27 pending sales, and 13 closed sales.  Considerably better activity from last year.

Stuart FL 34996 Residential Market Report September 2017

 Search here for real estate in the 34996 Zip Code of Stuart FL

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Stuart FL 34996 Residential Market Report September 2017

Stuart Florida 34994 Residential Market Report September 2017

10.11.17 by

Stuart Florida 34994 Residential Market Report September 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for September 2017

For September 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 76 active listings (Decreased by 1 homes from August)

Stuart Florida 34994 Residential Market Report September 2017

21 Residential sales are pending and awaiting close or lender approval (Decreased by 5 homes from last month).

Stuart Florida 34994 Residential Market Report September 2017

8 Homes Sold in August (Decreased by 8 homes from August)

Stuart Florida 34994 Residential Market Report September 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had slightly weaker activity for September.  Some of this might have been hurricane related.

The one month absorption rate for the 34994 zip code for September increased to 9.5 months from 4.8 months for August.  Bringing the 34994 zip code area of Stuart, FL back into 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 September 2016 numbers were 64 Active Listings, 34 pending sales, and 11 closed sales.  Better sales and pending activity last year with a little larger inventory.  Some of this activity could have been impacted by Hurricane Irma which shut down real estate for a little over a week last month.

Stuart Florida 34994 Residential Market Report September 2017

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Stuart Florida 34994 Residential Real Estate Market Report September 2017

Sewalls Point Single Family Market Report September 2017

10.10.17 by

Sewalls Point Single Family Market Report September 2017

Sewalls Point Real Estate Snapshot, Residential Sales for September 2017

 

There are currently 43 active listings (Down by 11 homes from last month)

Sewalls Point Single Family Market Report September 2017

4 home sales are pending and awaiting close or lender approval (Decreased by 2 homes from August)

Sewalls Point Single Family Market Report September 2017

4 Homes sold in June (Increased by 3 homes sales from August)

Sewalls Point Single Family Market Report September 2017

The single family real estate market in Sewalls Point had a large drop of inventory for September.  Sales increased from last month but pending sales were off.  Some of this activity could have been impacted by Hurricane Irma which shut down real estate for a little over a week last month.

The absorption rate dropped to 10.8  months, in August was 54 months.  Still a buyers’ market for Sewalls Point single family homes but not nearly as extreme as the previous month.  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 September 2016, the inventory was 69 homes on the market, 10 pending sales and there were 7 closed sales.  Considerably better sales activity last year.

Sewalls Point Single Family Market Report September 2017

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Sewalls Point Single Family Market Report September 2017

 

Hobe Sound FL 33455 Residential Market Report August 2017

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Hobe Sound FL 33455 Residential Market Report August 2017

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for August 2017

  For August 2017 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 173 active listings. (Decreased by 35 homes from July)

Hobe Sound FL 33455 Residential Market Report August 2017

62 Residential sales are pending and awaiting close  (Down by 20 homes from July)

Hobe Sound FL 33455 Residential Market Report August 2017

52 Homes Sold in August (Up by 19 homes from last month)

Hobe Sound FL 33455 Residential Market Report August 2017

The Hobe Sound Florida Market Report ZIP Code 33455 lost the inventory it gained last month on improved sales volume but also showed a reduced pending sales volume.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 3.3 months ( 6.3 months in July).  Back into a seller’s market after a brief month as a balanced 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 August 2016 were:  172 active listings, 89 pending sales, and 60 closed sales.  Better volume of closed sales last year with better pending sales this year and just about the same inventory.

Hobe Sound FL 33455 Residential Market Report August 2017

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Hobe Sound FL 33455 Residential Market Report August 2017