Jensen Beach FL 34957 Residential Market Report August 2017

09.26.17 by

Jensen Beach FL 34957 Residential Market Report August 2017

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

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

 There are currently 143 active listings. (Down by 22 homes from last month)

Jensen Beach FL 34957 Residential Market Report August 2017

77 Residential sales are pending and awaiting close or lender approval. (Down by 2 homes from July)

Jensen Beach FL 34957 Residential Market Report August 2017

48 Homes Sold (Up by 21 homes from July)

Jensen Beach FL 34957 Residential Market Report August 2017

The Jensen Beach FL 34957 Residential Market showed very strong summer activity with increases in close and ending sales while the number of available homes for sale decreased.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 plunged to 3.0 months ( was 6.1 months in July).  Back into a strong seller’s market after one month of a balanced market.   A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The August 2016 numbers were: 167 active listings, 67 pending sales, and 31 home sales closed.  Considerably stronger overall activity this year even with lower inventory levels.
Jensen Beach FL 34957 Residential Market Report August 2017

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Jensen Beach FL 34957 Residential Market Report August 2017

Palm City FL 34990 Residential Market Report August 2017

09.22.17 by

Palm City FL 34990 Residential Market Report August 2017

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

 

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

 

There are currently 346 active listings (Decreased by 52 homes from June)

Palm City FL 34990 Residential Market Report August 2017

128 Residential sales are pending and awaiting close or lender approval. (Down by 37 homes from last month)

Palm City FL 34990 Residential Market Report August 2017

95 Homes Sold in June (Down by 1 home from June)

Palm City FL 34990 Residential Market Report August 2017

The Palm City FL, zip code 34990 residential real estate market remains very active.  For August there was a big drop in available homes for sale which also had an effect on reduced future sales (pending listings).
The monthly absorption rate declined to 3.6 months from 4.1 months in June.  Still 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 August 2016 numbers were:  391 active listings, 116 pending sales, and 68 closed sales.  Stronger activity for this year with a fairly big decrease in inventory.

Palm City FL 34990 Residential Market Report August 2017

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Palm City FL 34990 Residential Market Report August 2017

Stuart FL 34997 Residential Market Report August 2017

09.20.17 by

Stuart FL 34997 Residential Market Report August 2017

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

There are currently 291 active listings (Decreased by 1 homes from July).

Stuart FL 34997 Residential Market Report August 2017

141 Residential sales are pending and awaiting close or lender approval (Decreased by 39 homes from July).

Stuart FL 34997 Residential Market Report August 2017

86 Homes Sold in August (Increased by 2 homes from July)

Stuart FL 34997 Residential Market Report August 2017

      The Stuart Florida Residential Market for ZIP Code 34997 continues with very active closed sales activity, but also had a large drop in pending sales for August.
     The absorption rate inched down to 3.4 months (was 3.5 months for July).  Continuing as a strong sellers’ market for the 34997 zip code area of Stuart for August 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 August, were: 297 active listings, 146 pending listings and 78 closed sales.  Very similar  activity when compared to last year.
Stuart FL 34997 Residential Market Report August 2017

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Stuart FL 34997 Residential Market Report August 2017

Stuart FL 34996 Residential Market Report August 2017

09.18.17 by

Stuart FL 34996 Residential Market Report August 2017

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

 

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

 

There are currently 145 active listings (Down by 2 homes from July).

Stuart FL 34996 Residential Market Report August 2017

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

Stuart FL 34996 Residential Market Report August 2017

12 Homes Sold in August (Decreased by 24 homes from July).

Stuart FL 34996 Residential Market Report August 2017

The 34996 zip code area of the Stuart Florida residential real estate showed greatly reduced activity for August.

The one month absorption rate for the 34996 zip code area of Stuart Florida for August jumped to 12.1 months as compared to July’s 4.1 months.  Into a strong buyers’ 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 August of 2016 were: 144 active listings, 32 pending sales, and 12 closed sales.  Better volume of sales and pending sales this year.

Stuart FL 34996 Residential Market Report August 2017

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Stuart FL 34996 Residential Market Report August 2017

Stuart Florida 34994 Residential Real Estate Market Report August 2017

09.14.17 by

Stuart Florida 34994 Residential Real Estate Market Report August 2017

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

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

There are currently 77 active listings (Increased by 2 homes from July)

Stuart Florida 34994 Residential Real Estate Market Report August 2017

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

 Stuart Florida 34994 Residential Real Estate Market Report August 2017

16 Homes Sold in July (Increased by 4 homes from July)

Stuart Florida 34994 Residential Real Estate Market Report August 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had strong activity for August with strong sales activity.

The one month absorption rate for the 34994 zip code for August dropped to 4.8 months from 6.25 months for July.  Bringing the 34994 zip code area of Stuart, FL back into a sellers’ market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The August 2016 numbers were 64 Active Listings, 25 pending sales, and 13 closed sales.  Better sales and pending activity this year with a little larger inventory.

Stuart Florida 34994 Residential Real Estate Market Report August 2017

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Stuart Florida 34994 Residential Real Estate Market Report August 2017

Sewalls Point Single Family Market Report August 2017

09.13.17 by

Sewalls Point Single Family Market Report August 2017

Sewalls Point Real Estate Snapshot, Residential Sales for August 2017

 

There are currently 54 active listings (Up by 11 homes from last month)

Sewalls Point Single Family Market Report August 2017

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

Sewalls Point Single Family Market Report August 2017

1 Homes sold in June (Decreased by 7 homes sales from June)

Sewalls Point Single Family Market Report August 2017

The single family real estate market in Sewalls Point had very weak closed sales for August and the pending (future0 sales activity is also not very impressive.  The inventory is down from last year as well.

The absorption rate balooned to 54  months, in June it was 3.6 months.  An extreme buyers’ market for Sewalls Point single family homes after two earlier good months for sellers.  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 August 2016, the inventory was 66 homes on the market, 14 pending sales and there were 6 closed sales.  Considerably better sales activity this year and with reduced inventory.

Sewalls Point Single Family Market Report August 2017

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Sewalls Point Single Family Market Report August 2017

 

Hobe Sound FL 33455 Residential Market Report July 2017

08.25.17 by

Hobe Sound FL 33455 Residential Market Report July 2017

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

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

There are currently 208 active listings. (Increased by 30 homes from June)

Hobe Sound FL 33455 Residential Market Report July 2017

82 Residential sales are pending and awaiting close  (Up by 13 homes from June)

Hobe Sound FL 33455 Residential Market Report July 2017

33 Homes Sold in July (Down by 20 homes from last month)

Hobe Sound FL 33455 Residential Market Report July 2017

The Hobe Sound Florida Market Report ZIP Code 33455 had a nice rise in inventory and pending sales remain strong. Closed sales were off for the month.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 jumped to 6.3 months (3.4 months in June).  Now, 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 July 2016 were:  192 active listings, 83 pending sales, and 46 closed sales.  Better volume of closed sales last year with pending sales just about the same and more inventory.

Hobe Sound FL 33455 Residential Market Report July 2017

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Hobe Sound FL 33455 Residential Market Report July 2017

Jensen Beach FL 34957 Residential Market Report July 2017

08.23.17 by

Jensen Beach FL 34957 Residential Market Report July 2017

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

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

 There are currently 165 active listings. (Down by 11 homes from last month)

Jensen Beach FL 34957 Residential Market Report July 2017

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

Jensen Beach FL 34957 Residential Market Report July 2017

27 Homes Sold (Down by 20 homes from June)

Jensen Beach FL 34957 Residential Market Report July 2017

The Jensen Beach FL 34957 Residential Market had a bad month for closed sales, while showing good pending sales numbers which should result in better closed sales in the coming months..
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 jumped to 6.1 months ( was 3.7 months in June).  Now a balanced market for July.   A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The July 2016 numbers were: 164 active listings, 66 pending sales, and 56 home sales closed.  Considerably weaker sales for this July when compared to last year.
Jensen Beach FL 34957 Residential Market Report July 2017

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Jensen Beach FL 34957 Residential Market Report July 2017

Palm City FL 34990 Residential Market Report July 2017

08.21.17 by

Palm City FL 34990 Residential Market Report July 2017

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

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

 

There are currently 398 active listings (Increased by 12 homes from June)

Palm City FL 34990 Residential Market Report July 2017

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

Palm City FL 34990 Residential Market Report July 2017

96 Homes Sold in June (No change from June)

Palm City FL 34990 Residential Market Report July 2017

The Palm City FL, zip code 34990 residential real estate market remains very active.  Interestingly, inventory levels are above last year, which is not the current trend in the county.
The monthly absorption rate inched up to 4.1 months from 4.0 months in June.  Still a sellers’ 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 July 2016 numbers were:  383 active listings, 120 pending sales and 83 closed sales.  Stronger activity for this year with a slightly higher inventory of homes for sale.

Palm City FL 34990 Residential Market Report July 2017

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Palm City FL 34990 Residential Market Report July 2017

Stuart FL 34997 Residential Market Report July 2017

08.17.17 by

Stuart FL 34997 Residential Market Report July 2017

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

There are currently 292 active listings (Increased by 31 homes from June).

Stuart FL 34997 Residential Market Report July 2017

180 Residential sales are pending and awaiting close or lender approval (No change from June).

Stuart FL 34997 Residential Market Report July 2017

84 Homes Sold in July (Decreased by 3 homes from June)

Stuart FL 34997 Residential Market Report July 2017

      The Stuart Florida Residential Market for ZIP Code 34997  had a welcome increase in inventory for July along with strong pending sales numbers and slightly weaker closed sales from last month.
     The absorption rate increased to 3.5 months (was 3.0 months for June).  Continuing as a strong sellers’ market for the 34997 zip code area of Stuart for July 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 July, were: 299 active listings, 159 pending listings and 86 closed sales.  Better closed activity last year, but higher pending sales this year which indicates strong future closed sales activity.
Stuart FL 34997 Residential Market Report July 2017

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Stuart FL 34997 Residential Market Report July 2017

Stuart FL 34996 Residential Market Report July 2017

08.15.17 by

Stuart FL 34996 Residential Market Report July 2017

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

 

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

 

There are currently 147 active listings (Up by 9 homes from June).

Stuart FL 34996 Residential Market Report July 2017

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

Stuart FL 34996 Residential Market Report July 2017

36 Homes Sold in July (Decreased by 5 homes from June).

Stuart FL 34996 Residential Market Report July 2017

The 34996 zip code area of the Stuart Florida residential real estate eased a bit from last month.  Yet, it is still a very active market even as we are in the middle of the summer.

The one month absorption rate for the 34996 zip code area of Stuart Florida for July rose to 4.1 months as compared to June’s 3.4 months.  Remaining in a sellers’ 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 July of 2016 were: 151 active listings, 27 pending sales and 24 closed sales.  Better volume of sales and pending sales this year.

Stuart FL 34996 Residential Market Report July 2017

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

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Stuart FL 34996 Residential Market Report July 2017

Stuart Florida 34994 Residential Real Estate Market Report July 2017

08.12.17 by

Stuart Florida 34994 Residential Real Estate Market Report July 2017

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

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

There are currently 75 active listings (Increased by 3 homes from June)

Stuart Florida Market Report ZIP Code 34994 Residential July 2017

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

 Stuart Florida Market Report ZIP Code 34994 Residential July 2017

12 Homes Sold in June (Down by 4 homes from June)

Stuart Florida Market Report ZIP Code 34994 Residential July 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida remains active but at a slower rate as we head into the summer season.

The one month absorption rate for the 34994 zip code for July increased to 6.25 months from 5.5 months for June.  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 July 2016 numbers were 70 Active Listings, 34 pending sales, and 18 closed sales.  Better sales and pending activity last year with a little larger inventory.

Stuart Florida Market Report ZIP Code 34994 Residential July 2017

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Stuart Florida 34994 Residential Real Estate Market Report July 2017

Sewalls Point Single Family Market Report July 2017

08.11.17 by

Sewalls Point Single Family Market Report July 2017

Sewalls Point Real Estate Snapshot, Residential Sales for July 2017

 

There are currently 43 active listings (Down by 14 homes from last month)

Sewalls Point Single Family Market Report July 2017

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

Sewalls Point Single Family Market Report July 2017

8 Homes sold in June (Decreased by 8 homes sales from June)

Sewalls Point Single Family Market Report July 2017

The single family real estate market in Sewalls Point continues with strong activity for July.  Sales were off from last month but remain quite good with a much smaller inventory of available homes.

The absorption rate plunged to 5.4 months, in June it was 3.6 months.  Holding on to a sellers’ market for Sewalls Point single family homes for the second month in a row.  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 2016, the inventory was 69 homes on the market, 11 pending sales and there were 2 closed sales.  Considerably better sales activity this year and with reduced inventory.

Sewalls Point Single Family Market Report July 2017

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Sewalls Point Single Family Market Report July 2017

 

Hobe Sound FL 33455 Residential Market Report June 2017

07.25.17 by

Hobe Sound FL 33455 Residential Market Report June 2017

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

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

There are currently 178 active listings. (Unchanged from May)

Hobe Sound FL 33455 Residential Market Report June 2017

69 Residential sales are pending and awaiting close  (Up by 3 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2017

53 Homes Sold in June (Down by 11 homes from last month)

Hobe Sound FL 33455 Residential Market Report June 2017

The Hobe Sound Florida Market Report ZIP Code 33455 remains a strong market, though inventory is getting lower once again and pending sales are down as well.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 3.4 months (2.8 months in May).  Still in a strong sellers’ 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 2016 were:  193 active listings, 100 pending sales, and 54 closed sales. Similar closed sales with less inventory for this year, but there’s a troubling decrease of pending sales.

Hobe Sound FL 33455 Residential Market Report June 2017

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Hobe Sound FL 33455 Residential Market Report June 2017

Jensen Beach FL 34957 Residential Market Report June 2017

07.21.17 by

Jensen Beach FL 34957 Residential Market Report June 2017

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

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

 There are currently 176 active listings. (Down by 2 homes from last month)

Jensen Beach FL 34957 Residential Market Report June 2017

58 Residential sales are pending and awaiting close or lender approval. (Down by 19 homes from May)

Jensen Beach FL 34957 Residential Market Report June 2017

47 Homes Sold (No change from May)

Jensen Beach FL 34957 Residential Market Report June 2017

The Jensen Beach FL 34957 Residential Market continues to show strong activity with strong sales volume.  A second month in a row with a sizeable drop in pending sales.  The inventory is also fairly large when compared to last summer.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dipped slightly to 3.7 months ( was 3.8 months in May).  Remaining in a strong seller’s market for June.   A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The June 2016 numbers were: 99 active listings, 70 pending sales, and 37 home sales closed.  Better closed activity this year, but also a much higher inventory and lwer pending sales.
Jensen Beach FL 34957 Residential Market Report June 2017

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Jensen Beach FL 34957 Residential Market Report June 2017

Palm City FL 34990 Residential Market Report June 2017

07.19.17 by

Palm City FL 34990 Residential Market Report June 2017

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

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

 

There are currently 386 active listings (Increased by 5 homes from May)

Palm City FL 34990 Residential Market Report June 2017

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

Palm City FL 34990 Residential Market Report June 2017

96 Homes Sold in May (Down by 33 homes from May)

Palm City FL 34990 Residential Market Report June 2017

The Palm City FL, zip code 34990 residential real estate market continues with strong activity, though closed sales returned to a more sustainable value after a very large jump from last month.
The monthly absorption rate decreased to 4.0 months from 3.0 months in May.  A more extreme sellers’ 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 June 2016 numbers were:  362 active listings, 168 pending sales and 76 closed sales.  Stronger activity for this year with a slightly higher inventory of homes for sale.

Palm City FL 34990 Residential Market Report June 2017

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Palm City FL 34990 Residential Market Report June 2017

Stuart FL 34997 Residential Market Report June 2017

07.17.17 by

Stuart FL 34997 Residential Market Report June 2017

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

There are currently 261 active listings (Decreased by 30 homes from May).

Stuart FL 34997 Residential Market Report June 2017

180 Residential sales are pending and awaiting close or lender approval (Up by 12 homes from May).

Stuart FL 34997 Residential Market Report June 2017

87 Homes Sold in June (Decreased by 17 homes from May)

Stuart FL 34997 Residential Market Report June 2017

      The Stuart Florida Residential Market for ZIP Code 34997 continued with strong activity and this sement of Martin County real estate remains one of the ost active areas. I am seeing a trend of lower inventory numbers once again which may effect volume in the future.
     The absorption rate increased to 3.0 months (was 2.8 months for May).  Continuing as an extreme sellers’ market for the 34997 zip code area of Stuart for June 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 June, were: 299 active listings, 173 pending listings and 125 closed sales.  Better closed activity last year, but with a larger inventory of available homes for sale.
Stuart FL 34997 Residential Market Report June 2017

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Stuart FL 34997 Residential Market Report June 2017

Lake Tuscany July 2017 Market Report

07.15.17 by

Lake Tuscany July 2017 Market Report

As of July 2017, there are 2  homes available for sale in Lake Tuscany with listing prices of $384,900 and $479,900 for an average list price of $432,400 which is a price per square foot of living area of $176.32.

There are no homes currently under contract.

In the past 12 months, 9 homes have sold in Lake Tuscany ranging in sales price from $365,000 up to $480,000 for an average sales price of $419,000 which equals $133.03 per sq. ft. of living area.  These homes took an average of 96 days on market to go under contract and sold at 97% of list price.

About Lake Tuscany:

Lake Tuscany real estate Stuart FL

Lake Tuscany in Stuart FL is a newer subdivision just to the west of I-95 in Martin County, Florida.  The homes in Lake Tuscany were mostly completed between 2004 to 2005.  This attractive subdivision is set up with a gated entrance and all 98 homes in Lake Tuscany are on Panther Trace which makes a large circle around the lake in the center.  Homes range from 3 Bedroom, 3 Bath or 4 BR 2 Baths of around 2100 sq. ft. of living area to spacious 6 Bedroom, 4 Bathroom 2 story homes with lofts and theater rooms with pools by the lakeside along with 3 car garages.  All are high quality homes built by local builder Mercedes Homes.

Lake Tuscany boasts lush landscaping and very reasonable Home Owner’s Association fees of $398 per quarter.  These fees cover security, the common areas and lake upkeep, basic cable, trash collection and front landscaping.  The Lake Tuscany property owners web site is located at this site.

Families in Lake Tuscany enjoy Martin County’s ‘A’ rated schools in the following schools: Crystal Lake Elementary, David L Anderson Middle School and South Fork High School.  Shopping is only minutes away and there’s easy access to Martin County’s waterways and just a short drive to the many public beaches.

Search here for currently available Lake Tuscany real estate in Stuart FL

For any questions you may have about Lake Tuscany Real Estate Update in Stuart FL July 2017 , please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Lake Tuscany July 2017 Market Report

 

Stuart FL 34996 Residential Market Report June 2017

07.13.17 by

Stuart FL 34996 Residential Market Report June 2017

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

 

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

 

There are currently 138 active listings (Down by 10 homes from May).

Stuart FL 34996 Residential Market Report June 2017

55 Residential sales are pending and awaiting close or lender approval (Down by 9 homes from May).

Stuart FL 34996 Residential Market Report June 2017

41 Homes Sold in June (Increased by 15 homes from May).

Stuart FL 34996 Residential Market Report June 2017

The 34996 zip code area of the Stuart Florida residential real estate market continues with a very strong market.  A large jump in closed sales with a small decrease in pending sales.  As the inventory decreases, we will need to watch if this negatively affects this market segment in the future.

The one month absorption rate for the 34996 zip code area of Stuart Florida for June dropped to 3.4 months as compared to May’s 5.7 months.  Into an even stronger sellers’ 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 June of 2016 were: 158 active listings, 43 pending sales and 26 closed sales.  Much better activity this year even with a smaller inventory of available homes.

Stuart FL 34996 Residential Market Report June 2017

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

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Stuart FL 34996 Residential Market Report June 2017

Stuart Florida Market Report ZIP Code 34994 Residential June 2017

07.11.17 by

Stuart Florida Market Report ZIP Code 34994 Residential June 2017

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

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

There are currently 72 active listings (Increased by 1 homes from May)

Stuart Florida Market Report ZIP Code 34994 Residential June 2017

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

 Stuart Florida Market Report ZIP Code 34994 Residential June 2017

16 Homes Sold in May (Up by 3 homes from May)

Stuart Florida Market Report ZIP Code 34994 Residential June 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues into summer with solid market activity.

The one month absorption rate for the 34994 zip code for June increased to 5.5 months from 4.4 months for May.  Making a movement closer to 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 June 2016 numbers were 70 Active Listings, 33 pending sales and 17 closed sales.  Better closed activity last year though the current pending numbers may show better upcoming closed sales for this year.

Stuart Florida Market Report ZIP Code 34994 Residential June 2017

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Stuart Florida Market Report ZIP Code 34994 Residential June 2017