Sewalls Point Single Family Market Report June 2017

Sewalls Point Single Family Market Report June 2017

Sewalls Point Real Estate Snapshot, Residential Sales for June 2017

 

There are currently 57 active listings (Down by 3 homes from last month)

Sewalls Point Single Family Market Report June 2017

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

Sewalls Point Single Family Market Report June 2017

16 Homes sold in May (Increased by 7 homes sales from May)

Sewalls Point Single Family Market Report June 2017

The single family real estate market in Sewalls Point contined to show very positive results for June.  Sales were the best in a number of years and while the pending numbers were down for the month, they still are quite good.

The absorption rate plunged to 3.6 months, in May it was 6.7 months.  For the first time in years, a strong sellers 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 June 2016, the inventory was 76 homes on the market, 5 pending sales and there were 10 closed sales.  Considerably better activity this year and with reduced inventory.

Sewalls Point Single Family Market Report June 2017

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Sewalls Point Single Family Market Report June 2017

 

Hobe Sound FL 33455 Residential Market Report May 2017

Hobe Sound FL 33455 Residential Market Report May 2017

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

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

There are currently 178 active listings. (Down by 5 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2017

66 Residential sales are pending and awaiting close  (Down by 28 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2017

64 Homes Sold in May (Up by 10 homes from last month)

Hobe Sound FL 33455 Residential Market Report May 2017

The Hobe Sound Florida Market Report ZIP Code 33455 continues with a very active selling volume.  Unfortunately, pending sales decreased as has the inventory of available homes for sale.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 plunged to 2.8 months (3.4 months in April).  An extreme 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 May 2016 were:  213 active listings, 90 pending sales, and 52 closed sales. Better closed activity for this year on a lower inventory, but pending sales are not as strong as last year.

Hobe Sound FL 33455 Residential Market Report May 2017

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Hobe Sound FL 33455 Residential Market Report May 2017

Jensen Beach FL 34957 Residential Market Report May 2017

Jensen Beach FL 34957 Residential Market Report May 2017

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

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

 There are currently 178 active listings. (Down by 1 homes from last month)

Jensen Beach FL 34957 Residential Market Report May 2017

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

Jensen Beach FL 34957 Residential Market Report May 2017

47 Homes Sold (Up by 1 homes sale from April)

Jensen Beach FL 34957 Residential Market Report May 2017

The Jensen Beach FL 34957 Residential Market continues to show strong activity with strong sales volume.  Unfortunately, a fairly sizeable drop in pending sales which may indicate a little softening in closed volume for the coming months.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dipped slightly to 3.8 months ( was 3.9 months in April).  Remaining in a strong seller’s market for May.   A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The May 2016 numbers were: 116 active listings, 67 pending sales, and 37 home sales closed.  Considerably better activity this year when compared to last year with a greater inventory.
Jensen Beach FL 34957 Residential Market Report May 2017

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Jensen Beach FL 34957 Residential Market Report May 2017

Palm City FL 34990 Residential Market Report May 2017

Palm City FL 34990 Residential Market Report May 2017

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

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

 

There are currently 381 active listings (Decreased by 22 homes from March)

Palm City FL 34990 Residential Market Report May 2017

174 Residential sales are pending and awaiting close or lender approval. (Down by 17 homes from last month)

Palm City FL 34990 Residential Market Report May 2017

129 Homes Sold in March (Up by 49 homes from March)

Palm City FL 34990 Residential Market Report May 2017

The Palm City FL, zip code 34990 residential real estate market had a large jump in closed sales for the month of May along with a decrease in pending sales and inventory.
The monthly absorption rate decreased to 3.0 months from 5.0 months in March.  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 May 2016 numbers were:  377 active listings, 162 pending sales and 84 closed sales.  Stronger pending numbers this year with a larger inventory and similar sales activity.

Palm City FL 34990 Residential Market Report May 2017

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Palm City FL 34990 Residential Market Report May 2017

Stuart FL 34997 Residential Market Report May 2017

Stuart FL 34997 Residential Market Report May 2017

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

There are currently 291 active listings (Decreased by 39 homes from April).

Stuart FL 34997 Residential Market Report May 2017

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

Stuart FL 34997 Residential Market Report May 2017

104 Homes Sold in May (Increased by 24 homes from April)

Stuart FL 34997 Residential Market Report May 2017

      The Stuart Florida Residential Market for ZIP Code 34997 showed a decrease in inventory for may along with a sizeable jump in closed sales.  The pending numbers are off a bit and may show some slower closed sale activity for the near future.
     The absorption rate increased to 2.8 months (was 4.1 months for April).  We’re in an extreme sellers’ market for the 34997 zip code area of Stuart for may 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 May, were: 304 active listings, 216 pending listings and 109 closed sales.  Even with such strong activity for this year, the market was more active in 2016.
Stuart FL 34997 Residential Market Report May 2017

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Stuart FL 34997 Residential Market Report May 2017

Stuart FL 34996 Residential Market Report May 2017

Stuart FL 34996 Residential Market Report May 2017

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

 

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

 

There are currently 148 active listings (Down by 15 homes from April).

Stuart FL 34996 Residential Market Report May 2017

64 Residential sales are pending and awaiting close or lender approval (Up by 15 homes from April).

Stuart FL 34996 Residential Market Report May 2017

26 Homes Sold in May (Increased by 5 homes from April).

Stuart FL 34996 Residential Market Report May 2017

The 34996 zip code area of the Stuart Florida residential real estate market showed a very strong May with increases in both pending and closed sales while the inventory of available properties for sale decreased.

The one month absorption rate for the 34996 zip code area of Stuart Florida for May jumped to 5.7 months as compared to April’s 7.8 months.  Back into 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 May of 2016 were: 150 active listings, 43 pending sales and 22 closed sales.  Consideribly stronger market activity for this year.

Stuart FL 34996 Residential Market Report May 2017

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Stuart FL 34996 Residential Market Report May 2017

Stuart Florida Market Report ZIP Code 34994 Residential May 2017

Stuart Florida Market Report ZIP Code 34994 Residential May 2017

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

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

There are currently 71 active listings (Increased by 2 homes from April)

Stuart Florida Market Report ZIP Code 34994 Residential May 2017

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

 Stuart Florida Market Report ZIP Code 34994 Residential May 2017

16 Homes Sold in April (Up by 4 homes from April)

Stuart Florida Market Report ZIP Code 34994 Residential May 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues with strong activity for May.

The one month absorption rate for the 34994 zip code for May decreased to 4.4 months from 5.8 months for April.  Trending back towards more of a sellers’ 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 May 2016 numbers were 62 Active Listings, 43 pending sales and 18 closed sales.  Better pending and closed activity last year with less inventory.

Stuart Florida Market Report ZIP Code 34994 Residential May 2017

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Stuart Florida Market Report ZIP Code 34994 Residential May 2017

Sewalls Point Single Family Market Report May 2017

Sewalls Point Single Family Market Report May 2017

Sewalls Point Real Estate Snapshot, Residential Sales for May 2017

There are currently 60 active listings (Down by 5 homes from last month)

Sewalls Point Single Family Market Report May 2017

22 home sales are pending and awaiting close or lender approval (Increased by 4 homes from April)

Sewalls Point Single Family Market Report May 2017

9 Homes sold in April (Increased by 2 homes sales from April)

Sewalls Point Single Family Market Report May 2017

The single family real estate market in Sewalls Point showed some very positive results for May.  The strong pending numbers should also result in good sales numbers for the coming months.

The absorption rate dropped to 6.7 months, in April it was 9.3 months.  Into a balanced market after many, many months of a 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 May 2016, the inventory was 70 homes on the market, 11 pending sales and there were 9 closed sales.  Identical number of closed sales as last year, but a significant increase in pending sales and on a reduced inventory.

Sewalls Point Single Family Market Report May 2017

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Sewalls Point Single Family Market Report May 2017

 

Hobe Sound FL 33455 Residential Market Report April 2017

Hobe Sound FL 33455 Residential Market Report April 2017

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

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

There are currently 183 active listings. (Down by 17 homes from March)

Hobe Sound FL 33455 Residential Market Report April 2017

94 Residential sales are pending and awaiting close  (Down by 8 homes from March)

Hobe Sound FL 33455 Residential Market Report April 2017

54 Homes Sold in April (Up by 16 homes from last month)

Hobe Sound FL 33455 Residential Market Report April 2017

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County had a very strong completed sales month for April.  We are once again approaching a market with inventory levels low enough that it may affect the future sales numbers.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 decreased to 3.4 months (4.8 months in March).  Even a stronger 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 April 2016 were:  217 active listings, 99 pending sales and 54 closed sales. Very similar volume when compared to last year but with reduced inventory.

Hobe Sound FL 33455 Residential Market Report April 2017

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Hobe Sound FL 33455 Residential Market Report April 2017

Jensen Beach FL 34957 Residential Market Report April 2017

Jensen Beach FL 34957 Residential Market Report April 2017

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

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

 There are currently 179 active listings. (Down by 24 homes from last month)

Jensen Beach FL 34957 Residential Market Report April 2017

98 Residential sales are pending and awaiting close or lender approval. (Up by 16 homes from March)

Jensen Beach FL 34957 Residential Market Report April 2017

46 Homes Sold (Down by 12 homes sale from March)

Jensen Beach FL 34957 Residential Market Report April 2017

The Jensen Beach FL 34957 Residential Market continues with very strong activity from the past month into April.  One of the strongest segments of the Martin County real estate market.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 rose slightly to 3.9 months ( was 3.5 months in March).  Remaining in a strong seller’s market for April.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The April 2016 numbers were: 113 active listings, 72 pending sales and 37 home sales closed.  Better activity this year on a larger pool of homes (inventory).
Jensen Beach FL 34957 Residential Market Report April 2017

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Jensen Beach FL 34957 Residential Market Report April 2017

Palm City FL 34990 Residential Market Report April 2017

Palm City FL 34990 Residential Market Report April 2017

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

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

 

There are currently 403 active listings (Increased by 46 homes from March)

Palm City FL 34990 Residential Market Report April 2017

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

Palm City FL 34990 Residential Market Report April 2017

80 Homes Sold in March (Down by 1 homes from March)

Palm City FL 34990 Residential Market Report April 2017

The Palm City FL, zip code 34990 residential real estate market continues with strong activity with excellent closed and pending sales volume.
The monthly absorption rate decreased to 5.0 months from 5.3 months in March.  Continuing as 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 April 2016 numbers were:  375 active listings, 175 pending sales and 84 closed sales.  Stronger pending numbers this year with a larger inventory and similar sales activity.

Palm City FL 34990 Residential Market Report April 2017

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Palm City FL 34990 Residential Market Report April 2017

Stuart FL 34997 Residential Market Report April 2017

Stuart FL 34997 Residential Market Report April 2017

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

There are currently 330 active listings (Decreased by 2 homes from March).

Stuart FL 34997 Residential Market Report April 2017

177 Residential sales are pending and awaiting close or lender approval (Down by 12 homes from March).

Stuart FL 34997 Residential Market Report April 2017

80 Homes Sold in April (Decreased by 14 homes from March)

Stuart FL 34997 Residential Market Report April 2017

      The Stuart Florida Residential Market for ZIP Code 34997 continues with strong activity however the activity slowed from last month as well as last year.
     The absorption rate increased to 4.1 months (was 3.5 months for March).  Still in a sellers’ market for the 34997 zip code area of Stuart.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2016 numbers for April, were: 309 active listings, 219 pending listings and 99 closed sales.  Better activity last April weh compared to this year.
Stuart FL 34997 Residential Market Report April 2017

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Stuart FL 34997 Residential Market Report April 2017

May 2017 Market Report for Legacy Cove in Stuart Florida

May 2017 Market Report for Legacy Cove in Stuart Florida

There are currently 3 homes for sale in Legacy Cove in Stuart, FL.  Listing prices range from $389,900 to $439,000 for an average listing price of $411,297 or a price per square foot of living area of $174.24.

There is one home currently under contract awaiting settlement.  The list price is $404,900 or $157.12 per sq. ft. of living area.  This home was on the market for 23 days prior to going under contract.

In the past 12 months, 16 homes have sold in Legacy Cove with sales prices ranging from $288,000 to $465,000 for an average sales price of $349,590 or $160.62 per sq. ft. of living area.  These sales averaged 97% of list price and went under contract in an average of 55 days after going on the market.

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 for 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 club house 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 Florida enjoy a relaxing life style with easy access to restaurants, shopping and the many waterways, beaches and public parks that Martin County has to offer.

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May 2017 Market Report for Legacy Cove in Stuart Florida

 

Stuart FL 34996 Residential Market Report April 2017

Stuart FL 34996 Residential Market Report April 2017

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

 

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

 

There are currently 163 active listings (Down by 4 homes from March).

Stuart FL 34996 Residential Market Report April 2017

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

Stuart FL 34996 Residential Market Report April 2017

21 Homes Sold in April (Decreased by 15 homes from March).

Stuart FL 34996 Residential Market Report April 2017

The 34996 zip code area of the Stuart Florida residential real estate market eased a bit from march with declines in both pending and closed sales.

The one month absorption rate for the 34996 zip code area of Stuart Florida for April jumped to 7.8 months as compared to March’s 4.6 months.  A buyers market once again 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 April of 2016 were: 151 active listings, 55 pending sales and 25 closed sales.  Slightly better sales activity last year.

Stuart FL 34996 Residential Market Report April 2017

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Stuart FL 34996 Residential Market Report April 2017

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

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

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

There are currently 69 active listings (Unchanged from March)

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

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

 Stuart Florida Market Report ZIP Code 34994 Residential April 2017

12 Homes Sold in March (Down by 3 homes from March)

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida retreated a bit with both pending sales and closed sales decreasing for the month of April.

The one month absorption rate for the 34994 zip code for April increased to 5.8 months from 4.6 months for March.  Once again approaching 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 April 2016 numbers were 65 Active Listings, 49 pending sales and 10 closed sales.  Considerably better pending sales activity last year with a slightly higher closed sales activity for this year.

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

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Stuart Florida Market Report ZIP Code 34994 Residential April 2017

Sewalls Point Single Family Market Report April 2017

Sewalls Point Single Family Market Report April 2017

Sewalls Point Real Estate Snapshot, Residential Sales for April 2017

 

There are currently 65 active listings (Down by 1 home from last month)

Sewalls Point Single Family Market Report April 2017

18 home sales are pending and awaiting close or lender approval (Decreased by 3 homes from March)

Sewalls Point Single Family Market Report April 2017

7 Homes sold in March (Decreased by 2 homes sales from March)

Sewalls Point Single Family Market Report April 2017

The single family real estate market in Sewalls Point retreated slightly after a strong March.  Still, better activity than last year, but it could be stronger.

The absorption rate rose to 9.3 months, in March it was 7.3 months.  Still a strong buyers’ market.  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 April 2016, the inventory was 68 homes on the market, 19 pending sales and there were 3 closed sales.  Similar inventory and pending sales as compared to last year with better closed sales for this April.

Sewalls Point Single Family Market Report April 2017

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Sewalls Point Single Family Market Report April 2017

 

Hobe Sound FL 33455 Residential Market Report March 2017

Hobe Sound FL 33455 Residential Market Report March 2017

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

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

There are currently 200 active listings. (Down by 33 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2017

102 Residential sales are pending and awaiting close  (Up by 26 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2017

42 Homes Sold in March (Down by 8 homes from last month)

Hobe Sound FL 33455 Residential Market Report March 2017

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues with strong activity even though the inventory is starting to become an issue with it’s low levels.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 4.8 months (4.7 months in February).  Still in a 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 March 2016 were:  212 active listings, 105 pending sales and 56 closed sales. Slightly stronger activity last year, but this was with a bit more inventory as well.

Hobe Sound FL 33455 Residential Market Report March 2017

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Hobe Sound FL 33455 Residential Market Report March 2017

Jensen Beach FL 34957 Residential Market Report March 2017

Jensen Beach FL 34957 Residential Market Report March 2017

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

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

 There are currently 203 active listings. (Up by 13 homes from last month)

Jensen Beach FL 34957 Residential Market Report March 2017

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

Jensen Beach FL 34957 Residential Market Report March 2017

58 Homes Sold (Up by 31 homes sale from February)

Jensen Beach FL 34957 Residential Market Report March 2017

The Jensen Beach FL 34957 Residential Market showed a very strong month for closed sales.  Pending sales dropped  a little but continue to be strong along with good inventory.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 plunged to 3.5 months ( was 7 months in February).  A very strong sellers market for March.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The March 2016 numbers were: 124 active listings, 66 pending sales and 29 home sales closed.  Considerably greater inventory this year with a corresponding increase in both closed and pending sales.
Jensen Beach FL 34957 Residential Market Report March 2017

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Jensen Beach FL 34957 Residential Market Report March 2017

Palm City FL 34990 Residential Market Report March 2017

Palm City FL 34990 Residential Market Report March 2017

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

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

 

There are currently 449 active listings (Increased by 4 homes from February)

Palm City FL 34990 Residential Market Report March 2017

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

Palm City FL 34990 Residential Market Report March 2017

81 Homes Sold in February (Up by 25 homes from February)

Palm City FL 34990 Residential Market Report March 2017

The Palm City FL, zip code 34990 residential real estate market was very strong for March of 2017 going back into a sellers market and also with a good increase in pending sales for future activity.
The monthly absorption rate dropped to 5.3 months from 7.9 months in February.  Back into 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 March 2016 numbers were:  399 active listings, 179 pending sales and 80 closed sales.  Very similar activity to last March with a slightly lower pending volume and greater inventory.

Palm City FL 34990 Residential Market Report March 2017

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Palm City FL 34990 Residential Market Report March 2017

Stuart FL 34997 Residential Market Report March 2017

Stuart FL 34997 Residential Market Report March 2017

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

There are currently 332 active listings (Decreased by 11 homes from February).

Stuart FL 34997 Residential Market Report March 2017

189 Residential sales are pending and awaiting close or lender approval (Up by 7 homes from February).

Stuart FL 34997 Residential Market Report March 2017

94 Homes Sold in March (Increased by 20 homes from February)

Stuart FL 34997 Residential Market Report March 2017

      The Stuart Florida Residential Market for ZIP Code 34997 continues with strong activity for the spring of 2017 with increases in both pending and closed sales.
     The absorption rate decreased to 3.5 months (was 4.6 months for February).  A very strong sellers’ market for the 34997 zip code area of Stuart.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2016 numbers for March, were: 308 active listings, 175 pending listings and 78 closed sales.  Continued improved activity when compared to last March.
Stuart FL 34997 Residential Market Report March 2017

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Stuart FL 34997 Residential Market Report March 2017