Stuart Florida Market Report ZIP Code 34994 Residential February 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for February 2016

For February, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 69 active listings (Up by 10 homes from January)

24 Residential sales are pending and awaiting close or lender approval (Increased by 10 homes from last month).

13 Homes Sold in January (Up by 3 homes from January)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a weaker month to begin the new year after a very strong finish to 2016.

The one month absorption rate for the 34994 zip code for February dropped to 5.3 months from 5.9 months for January. Back into 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 February 2014 numbers were 89 Active Listings, 33 pending sales and 11 closed sales. Considerably better activity this year with a much reduced inventory.

Search here for Stuart Florida Real Estate for Sale

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Stuart, FL Real Estate

Rental Properties

- Rental Properties for Rent in Stuart, Florida Between $0 – $500,000

Condominium Properties

Vacant Land Properties

Commercial Properties

Residential Properties

Stuart Florida Market Report ZIP Code 34994 Residential February 2016

Sewalls Point Single Family Market Report February 2016

03.10.16 by Gabe Sanders

Sewalls Point Single Family Market Report February 2016

Sewalls Point Real Estate Snapshot, Residential Sales for February 2016

There are currently 56 active listings (Down by 1 homes since last month)

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

6 Homes sold in February (Up by 2 sales from January)

The single family real estate market in Sewalls Point showed better closed numbers for February. Though, there’s still room for improvement. We are seeing some fairly steady sales in the higher price ranges in Sewalls Point which is a good sign.

The current absorption rate dropped to 9.3 months, in January it was 14.25 months. Still a buyers market for Sewalls Point. Though, if the trend for improving sales continue, this may soon come to an end. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to February of 2014, the inventory was 68 homes on the market, 8 pending sales and there were 3 closed sales. Much improved activity when compared to last February.

Search below for Sewalls Point Florida Real Estate for Sale

Rental Properties

Rental Properties for Rent in Sewalls Point, Florida Between $0 – $100,000

Vacant Land Properties

Residential Properties

Sewalls Point Single Family Market Report February 2016

Hobe Sound FL 33455 Residential Market Report January 2016

02.21.16 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report January 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for January 2016

For January 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 212 active listings. (Up by 25 homes from December)

76 Residential sales are pending and awaiting close (Up by 15 homes from December)

35 Homes Sold in January (Down by 5 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to show mostly positive and strong results with a nice increase in inventory (second month in a row) as well as a healthy increase in pending sales. Unfortunately closed sales were slightly down for the beginning of the new year.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 6.1 months (4.7 months in December). Back into a balanced market for January after last months sellers market, which is where I expect it will be again next month. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for January 2014 were: 249 active listings, 79 pending sales and 46 closed sales. Slightly better numbers for the beginning of last year, but with reduced inventory this year the percentages are actually superior for the current month.

Search here for Hobe Sound Florida Real Estate for Sale

Rental Properties

- Rental Properties for Rent in Hobe Sound, Florida Between $0 – $100,000

Residential Properties

- All Residential Properties for Sale in the 33455 Zip Code of Hobe Sound FL

Vacant Land Properties

Commercial Properties

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Hobe Sound FL 33455 Residential Market Report January 2016

Jensen Beach FL 34957 Residential Market Report January 2016

02.19.16 by Gabe Sanders

Jensen Beach FL 34957 Residential Market Report January 2016

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for January 2016

For January 2016 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 137 active listings. (Up by 16 homes from last month)

60 Residential sales are pending and awaiting close or lender approval. (Down by 8 homes from December)

30 Homes Sold (Increased by 2 homes from December)

The Jensen Beach FL 34957 Residential Market had a welcome rise in inventory to begin the new year. Unfortunately, pending sales were off slightly while the number of closed sales was just 2 homes higher than the end of 2015.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 4.6 months (was 4.3 months in December). Remaining in a sellers market. A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The January 2015 numbers were: 153 active listings, 65 pending sales and 28 home sales closed. When factoring in the lower inventory for this year, market activity by percentage was better for 2016.

Jensen Beach FL 34957 Residential Market Report January 2016

Search here for Jensen Beach Real Estate for Sale

Rental Properties

- Rental Properties for Rent in Jensen Beach, Florida Between $0 – $100,000

Residential Properties

All Residential properties for sale in the 34957 Zip Code area of Jensen Beach FL

Vacant Land Properties

Condominium Properties

Commercial Properties

Jensen Beach Florida Real Estate presented by:
the Gabe Sanders real estate team

Jensen Beach FL 34957 Residential Market Report January 2016

Palm City FL 34990 Condo Market Report January 2016

02.18.16 by Gabe Sanders

Palm City FL 34990 Condo Market Report January 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for January 2016

For January 2016 in the 34990 Zip Code area of Palm City, Florida :

There are currently 64 active condo listings. (Increased by 12 condos from December)

9 Condo sales are pending and awaiting close or lender approval. (No change in pending condos from last month)

2 Condos Sold in January. (Down by 2 condos from December)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. To begin 2016, this segment of the market had a nice increase in inventory, unfortunately a decrease in closed sales and no increase in pending sales.

The current absorption rate for condos in the 34990 zip code area is an atrocious 34 months (was 13 months in January). A very serious buyers market for Palm City condos. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The January 2015 numbers were: 59 active listings, 12 pending sales and 3 closed sales. Interestingly the inventory for 2016 is now higher than it was for the first month of 2015. One of the only segments of our market that has this. Unfortunately, activity is weaker this year as well.

Palm City FL 34990 Condo Market Report January 2016

Search for Palm City Condos by Price:

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report January 2016

Palm City FL 34990 Residential Market Report January 2016

02.17.16 by Gabe Sanders

Palm City FL 34990 Residential Market Report January 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for January 2016

For January 2016 in the 34990 Zip Code area of Palm City Florida :

There are currently 400 active listings (Increased by 25 homes from December)

156 Residential sales are pending and awaiting close or lender approval. (Increased by 42 homes from last month)

49 Homes Sold in December (Decreased by 11 sold homes from December)

The Palm City FL, zip code 34990, residential real estate market had a strong increase in inventory as well as pending sales to begin the year. Unfortunately sales were off as compared to last month, but I expect this to be only short term as the increase in the under contract numbers should result in more closed sales for the coming months.

The current absorption rate increased to to 8.2 months from 6.3 months in December. Back into a buyers 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 January 2015 numbers were: 443 active listings, 158 pending sales and 55 closed sales. Slightly higher closed sales last year but it was with less inventory. Pending sales are just about the same even with the lower number of available Palm City homes for sale.

Search here for Palm City Florida Real Estate for Sale

Rental Properties

- Rental Properties for Rent in Palm City, Florida

Residential Properties

All Palm City Residential Properties for Sale

Vacant Land Properties

Commercial Properties

Commercial Properties for Sale in Palm City, Florida Between $0 – $1,300,000

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

Palm City FL 34990 Residential Market Report January 2016

Stuart FL 34997 Residential Market Report January 2016

02.15.16 by Gabe Sanders

Stuart FL 34997 Residential Market Report January 2016

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for January 2016

There are currently 299 active listings (Decreased by 9 homes from December).

156 Residential sales are pending and awaiting close or lender approval (Decreased by 7 homes from December).

88 Homes Sold in January (Increased by 16 homes from December)

The Stuart Florida Residential Market for ZIP Code 34997 continues as the largest and the strongest segment of the Martin County single family real estate market. We have seen an unfortunate continuation of a decrease in inventory which is going to effect future sales unless this trend reverses.

The current one month absorption rate remained almost the same at 3.4 months (was 5.0 months for December). Even a stronger sellers market for the 34997 segment of the Stuart residential market for the beginning of 2016. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

The 2014 numbers for January, were: 348 active listings, 198 pending listings and 76 closed sales. Even with considerably less inventory, closed sale for 2016 were ahead of last years numbers.

Stuart FL 34997 Residential Market Report January 2016

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

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Stuart FL 34997 Residential Market Report January 2016

Stuart FL 34996 Residential Market Report January 2016

02.13.16 by Gabe Sanders

Stuart FL 34996 Residential Market Report January 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for January 2016

For January 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 160 active listings (Down by 10 homes from December).

42 Residential sales are pending and awaiting close or lender approval (Up by 18 homes from December).

10 Homes Sold in January (Decreased by 2 homes from December).

The 34996 zip code area of the Stuart Florida residential real estate market had a drop in sales and inventory for the beginning of the year. The good news is the big jump in pending sales which should result in better closed sale numbers in the following months.

The one month absorption rate for the 34996 zip code area of Stuart Florida for January increased to 16 months as compared to December’s 14.2 months. Still a strong buyers market for this section of Martin County, but this number should improve when the strong pending numbers translate into sales. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for January of 2014 were: 160 active listings, 41 pending sales and 7 closed sales. Similar activity when compared to 2015, though with a slight edge to to this year’s numbers with slightly better activity.

Stuart FL 34996 Residential Market Report January 2016

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

Stuart Florida Real Estate presented by:

the Gabe Sanders real estate team

Stuart FL 34996 Residential Market Report January 2016

Stuart Florida Market Report ZIP Code 34994 Residential January 2016

02.11.16 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential January 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for January 2016

For January, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 59 active listings (Unchanged from December)

14 Residential sales are pending and awaiting close or lender approval (Decreased by 4 homes from last month).

1o Homes Sold in December (Down by 2 homes from December)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a weaker month to begin the new year after a very strong finish to 2015.

The one month absorption rate for the 34994 zip code for January jumped to 5.9 months from last months 4.9 months. Just about a balanced market 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 January 2014 numbers were 85 Active Listings, 37 pending sales and 9 closed sales. Much more active market back last year, though closed sales just edged out last years numbers. We could use more active listings in the 34994 zip code of Stuart FL.

Search here for Stuart Florida Real Estate for Sale

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Stuart, FL Real Estate

Rental Properties

- Rental Properties for Rent in Stuart, Florida Between $0 – $500,000

Condominium Properties

Vacant Land Properties

Commercial Properties

Residential Properties

Stuart Florida Market Report ZIP Code 34994 Residential January 2016

Sewalls Point Single Family Market Report January 2016

02.10.16 by Gabe Sanders

Sewalls Point Single Family Market Report January 2016

Sewalls Point Real Estate Snapshot, Residential Sales for January 2016

There are currently 57 active listings (Up by 6 homes since last month)

15 home sales are pending and awaiting close or lender approval (Increased by 2 homes from December)

4 Homes sold in January (Up by 1 sales from December)

The single family real estate market in Sewalls Point remains challenging as many of the homes in this community are in the higher end of the price spectrum or some homes are older and in need of updating and the sellers feel the cache of this exclusive community warrants the listing price.

The current absorption rate dropped to 14.25 months, in December it was 17 months. Still a strong buyers market for Sewalls Point. Though, if the trend for improving sales continue, this may soon come to an end. 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 January of 2014, the inventory was 58 homes on the market, 10 pending sales and there were 3 closed sales. With very similar inventory, market activity is better for 2016 than for last year in Sewalls Point, but still plenty of room for improvement.

Search below for Sewalls Point Florida Real Estate for Sale

Rental Properties

- Rental Properties for Rent in Sewalls Point, Florida Between $0 – $100,000

Vacant Land Properties

Residential Properties

Sewalls Point Single Family Market Report January 2016

Lake Tuscany January 2016 Market Report

01.26.16 by Gabe Sanders

Lake Tuscany January 2016 Market Report

As of January 2016, there are 2 homes available for sale with listing prices from $419,900 to $429,000 for an average list price of $424,450 which is a price per square foot of living area of $146.67.

There are no homes currently under contract and awaiting settlement in Lake Tuscany.

In the past 12 months, 6 homes have sold in Lake Tuscany ranging in sales price from $335,000 to $460,000 for an average sales price of $381,416 which equals $126.35 per sq. ft. of living area. These homes took an average of 86 days on market to go under contract and sold at 97% of list price.

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 January 2016 Lake Tuscany Real Estate Update in Stuart FL, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Stuart Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Lake Tuscany January 2016 Market Report

Hobe Sound FL 33455 Residential Market Report December 2015

01.21.16 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report December 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for December 2015

For December 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 187 active listings. (Up by 21 homes from November)

61 Residential sales are pending and awaiting close (Down by 14 homes from November)

40 Homes Sold in December (Up by 12 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County rebounded from a slower November with an increase in closed sales and inventory as well. Unfortunately, pending sales were off for December.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 4.7 months (5.9 months in November). Back into a sellers market for December after one month of a balanced market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for December 2014 were: 231 active listings, 67 pending sales and 33 closed sales. Showing better closed activity for this year even with the reduced inventory.