Jensen Beach FL 34957 Residential Market Report November 2015

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for November 2015

For November 2015 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 122 active listings. (Up by 3 homes from last month)

70 Residential sales are pending and awaiting close or lender approval. (Up by 22 homes from October)

18 Homes Sold (Decreased by 9 homes from October)

The Jensen Beach FL 34957 Residential Market continues to be a strong market. Closed sales were off some for November, though with the large increase in pending sales, this should indicate strong sales continuing through the holiday season. Also, nice to see some increase in inventory, even if it was just a small bump.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 6.8 months (was 4.9 months in October). Back into a balanced market for Jensen Beach residential home sales. A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The November 2014 numbers were: 134 active listings, 55 pending sales and 24 home sales closed. Better closed activity last year, though with the greater pending activity for this year, this may soon change.

Jensen Beach FL 34957 Residential Market Report November 2015

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Jensen Beach FL 34957 Residential Market Report November 2015

Palm City FL 34990 Condo Market Report November 2015

12.17.15 by Gabe Sanders

Palm City FL 34990 Condo Market Report November 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2015

For November 2015 in the 34990 Zip Code area of Palm City, Florida :

There are currently 53 active condo listings. (Decreased by 1 condos from October)

8 Condo sales are pending and awaiting close or lender approval. (Down by 2 pending condos from last month)

8 Condos Sold in November. (Up by 5 condos from October)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. For November this segment of our market had a nice jump in closed sales sending us into a balanced market. It would be nice to see this trend continue.

The current absorption rate for condos in the 34990 zip code area plunged to 6.6 months (was 18 months in November). Back into a balanced market for Palm City condos. A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.

The November 2014 numbers were: 61 active listings, 11 pending sales and 2 closed sales. Better closed activity this year, with a slightly reduced inventory. Though, pending sales were better last year.

Palm City FL 34990 Condo Market Report November 2015

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Palm City FL 34990 Condo Market Report November 2015

Palm City FL 34990 Residential Market Report November 2015

12.16.15 by Gabe Sanders

Palm City FL 34990 Residential Market Report November 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for November 2015

For November 2015 in the 34990 Zip Code area of Palm City Florida :

There are currently 389 active listings (Increased by 12 homes from October)

122 Residential sales are pending and awaiting close or lender approval. (Decreased by 15 homes from last month)

47 Homes Sold in October (Decreased by 11 sold homes from October)

After a very strong October, the Palm City FL 34990 had a moderating month for November. The inventory continues to see some increases, while both pending and closed sales were off. Whether this is a result of the holiday season or possibly prices having risen to fast, I just can’t tell at this point, but this development bears watching.

The current absorption rate increased to to 8.3 months from 6.5 months in October. 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 November 2014 numbers were: 433 active listings, 124 pending sales and 56 closed sales. A little less volume of closed sales as compared to last year. Though, still with less inventory also.

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Palm City FL 34990 Residential Market Report November 2015

Stuart FL 34997 Residential Market Report November 2015

12.14.15 by Gabe Sanders

Stuart FL 34997 Residential Market Report November 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2015

There are currently 311 active listings (Increased by 3 homes from October).

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

65 Homes Sold in November (Decreased by 1 homes from October)

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’ve had three months of increased inventory, and the sales activity seems to be absorbing all this product very strongly as we remain in a sellers market.

The current one month absorption rate remained almost the same at 4.8 months (was 4.7 months for October). Continuing as a sellers market for the 34997 segment of the Stuart residential market for all of the year. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

The 2014 numbers for November, were: 346 active listings, 174 pending listings and 56 closed sales. Better closed activity this year, though still not as much inventory as we had last year.

Stuart FL 34997 Residential Market Report November 2015

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Stuart FL 34997 Residential Market Report November 2015

Stuart FL 34996 Residential Market Report November 2015

12.12.15 by Gabe Sanders

Stuart FL 34996 Residential Market Report November 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for November 2015

For November 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 143 active listings (Down by 18 homes from October).

34 Residential sales are pending and awaiting close or lender approval (Up by 17 homes from October).

6 Homes Sold in November (Decreased by 6 homes from October).

The 34996 zip code area of the Stuart Florida residential real estate market lost most of the increased inventory from last month. Much of it appears to have gone under contract with the increase in the number of pending sales. Unfortunately, closed sales were a bit disappointing.

The one month absorption rate for the 34996 zip code area of Stuart Florida for November continued to slide up to an atrocious 23.8 months as compared to October’s 13.4 months. A very strong buyers market for this section of Martin County. Though, with the big increase in pending sales, this may not be a very long lived phenomenon. 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 2014 were: 163 active listings, 31 pending sales and 16 closed sales. Fewer closed sales this year, while having a grater number of pending sales with less inventory.

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Stuart FL 34996 Residential Market Report November 2015

Stuart Florida Market Report ZIP Code 34994 Residential November 2015

12.10.15 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential November 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for November 2015

For November, 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 61 active listings (Increased by 5 homes from October)

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

12 Homes Sold in October (Up by 4 homes from October)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida swing back to an active month prior to the holiday season, with a very nice increase in closed sales. Inventory was up slightly and unfortunately the pending sales ( a sign of potential future activity) dropped a little.

The one month absorption rate for the 34994 zip code for November decreased to 5.1 months from last months 6.9 months, seesawing back and forth for the past few months, now back into a sellers market. A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The November 2014 numbers were 77 Active Listings, 35 pending sales and 11 closed sales. Similar volume of closed sales as to last year, while having a lower inventory and also a lower number of pending sales.

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Stuart Florida Market Report ZIP Code 34994 Residential November 2015

Sewalls Point Single Family Market Report November 2015

12.09.15 by Gabe Sanders

Sewalls Point Single Family Market Report November 2015

Sewalls Point Real Estate Snapshot, Residential Sales for November 2015

There are currently 51 active listings (Down by 11 homes since last month)

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

3 Homes sold in November (Down by 5 sales from October)

The single family real estate market in Sewalls Point had a poor month for closed sales in November, though other indications of future activity look very positive. The inventory is down to a much more reasonable level from past months and pending sales are also looking very positive.

The current absorption rate climbed to 17 months, in October it was 7.8 months. 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 November of 2014, the inventory was 57 homes on the market, 8 pending sales and there were 18 closed sales. Considerably better closed activity last year for the Sewalls Point single family home market, though pending sales look better this year.

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Sewalls Point Single Family Market Report November 2015

November 2015 Market Report for Legacy Cove in Stuart Florida

11.23.15 by Gabe Sanders

November 2015 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 $328,900 to $486,900 for an average listing price of $381,600 or a price per square foot of living area of $151.36.

There are no homes currently under contract

In the past 12 months, 10 homes have sold in Legacy Cove with sales prices ranging from $222,884 to $352,000 for an average sales price of $301,238 or $144.28 per sq. ft. of living area. These sales averaged 95% of list price and went under contract in an average of 71 days after going on the market.

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.

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 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 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.

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

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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November 2015 Market Report for Legacy Cove in Stuart Florida

Hobe Sound FL 33455 Residential Market Report October 2015

11.20.15 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report October 2015

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

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

There are currently 172 active listings. (Up by 10 homes from September)

68 Residential sales are pending and awaiting close (Down by 21 homes from September)

44 Homes Sold in October (Up by 12 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County has finally had a couple of months of increased inventory. This was sorely needed as the pool of available homes for sale was getting to a historically low level. And, activity continues to be very strong in this market, even as we approach our slower off season.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped down to 3.9 months (5.1 months in September). Even a stronger sellers’ market for Hobe Sound, after edging closer to a healthier balanced market last 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 October 2014 were: 250 active listings, 55 pending sales and 58 closed sales. Better closed activity last year, though our pending numbers are higher for 2015. All of this with a considerably reduced inventory.

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Hobe Sound FL 33455 Residential Market Report October 2015

Jensen Beach FL 34957 Residential Market Report October 2015

11.18.15 by Gabe Sanders

Jensen Beach FL 34957 Residential Market Report October 2015

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for October 2015

For October 2015 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 119 active listings. (Down by 14 homes from last month)

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

27 Homes Sold (Decreased by 4 homes from September)

The Jensen Beach FL 34957 Residential Market indicated a little slower pace with the approaching off season. Though, still a sellers market as it has been for over a year. Interestingly, this is one of the only Martin County areas with a decrease in the inventory for October.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 4.9 months (was 3.8 months in September). Remaining in a strong sellers market for Jensen Beach residential home sales. A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The October 2014 numbers were: 125 active listings, 62 pending sales and 22 home sales closed. A bit more closed sales this year as compared to 2014, but pending sales are not quite as strong.

Jensen Beach FL 34957 Residential Market Report October 2015

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Jensen Beach FL 34957 Residential Market Report October 2015

Palm City FL 34990 Condo Market Report October 2015

11.17.15 by Gabe Sanders

Palm City FL 34990 Condo Market Report October 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2015

For October 2015 in the 34990 Zip Code area of Palm City, Florida :

There are currently 54 active condo listings. (Increased by 2 condos from September)

10 Condo sales are pending and awaiting close or lender approval. (Up by 2 pending condos from last month)

3 Condos Sold in October. (No change in sold condos from September)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. A fairly slow market for sales, though pending sales and activity did rise for October.

The current absorption rate for condos in the 34990 zip code area increased to 18 months (was 17.3 months in October). Even greater buyer’s market than last month. A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.

The October 2014 numbers were: 58 active listings, 9 pending sales and 3 closed sales. Very similar activity as last year.

Palm City FL 34990 Condo Market Report October 2015

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Palm City FL 34990 Condo Market Report October 2015

Palm City FL 34990 Residential Market Report October 2015

11.16.15 by Gabe Sanders

Palm City FL 34990 Residential Market Report October 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for October 2015

For October 2015 in the 34990 Zip Code area of Palm City Florida :

There are currently 377 active listings (Increased by 12 homes from September)

137 Residential sales are pending and awaiting close or lender approval. (Decreased by 18 homes from last month)

58 Homes Sold in September (Decreased by 2 sold homes from September)

After a very strong September, the Palm City FL 34990 residential real estate market continues to show excellent sales activity. Also nice to see an increase in inventory for the second month in a row. The Palm City FL real estate market continues to show excellent resilience even as we approach our typically slower season.

The current absorption rate increased slightly to to 6.5 months from 6 months in September. Still a balanced 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 2014 numbers were: 455 active listings, 122 pending sales and 58 closed sales. Same closed activity as last year and higher pending numbers even with reduced inventory.

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Palm City FL 34990 Residential Market Report October 2015

Stuart FL 34997 Residential Market Report October 2015

11.14.15 by Gabe Sanders

Stuart FL 34997 Residential Market Report October 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2015

There are currently 308 active listings (Increased by 31 homes from September).

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

66 Homes Sold in October (Decreased by 15 homes from September)

The Stuart Florida Residential Market for ZIP Code 34997 is the largest and has been the strongest segment of the Martin County single family real estate market. Nice to see a couple of months of increased inventory.

The current one month absorption rate increased to 4.7 months (was 3.4 months for September). Most of this increase is due to the stronger inventory numbers and we still remain in a very strong seller’s market for the 34997 zip code area of Stuart, FL. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

The 2014 numbers for October, were: 368 active listings, 144 pending listings and 81 closed sales. Considerably stronger closed activity last October, though the increased number of pending sales might hold promise for the next few months.

Stuart FL 34997 Residential Market Report October 2015

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Stuart FL 34997 Residential Market Report October 2015

Stuart FL 34996 Residential Market Report October 2015

11.12.15 by Gabe Sanders

Stuart FL 34996 Residential Market Report October 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for October 2015

For October 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 161 active listings (Up by 25 homes from September).

17 Residential sales are pending and awaiting close or lender approval (Down by 10 homes from September).

12 Homes Sold in October (Unchanged from September).

The 34996 zip code area of the Stuart Florida residential real estate market had a surprising jump in inventory for October. While this should be good news for buyers as there is a better selection of available homes, the corresponding increase in sales activity has not yet materialized.

The one month absorption rate for the 34996 zip code area of Stuart Florida for October continued to slide up to 13.4 months as compared to September’s 11.3 months. A strong buyers market for this section of Martin County. 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 2014 were: 156 active listings, 32 pending sales and 11 closed sales. While closed sales were close to last year, the reduced number of pending sales this year is a bit troubling.

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Stuart FL 34996 Residential Market Report October 2015

Stuart Florida Market Report ZIP Code 34994 Residential October 2015

11.10.15 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential October 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for October 2015

For October, 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 55 active listings (Dercreased by 2 homes from September)

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

8 Homes Sold in September (Down by 4 homes from September)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida slid back a little for October as closed sales decreased. Pending sales remain strong and I expect this segment of the Stuart real estate market to remain healthy for next year.

The one month absorption rate for the 34994 zip code for October decreased to 6.9 months from last months 4.8 months, seesawing back and forth for the past few months, now back into a buyers market. A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The October 2014 numbers were 70 Active Listings, 36 pending sales and 8 closed sales. Slightly better pending sales and an equal number of closed sales from last year, though there was greater inventory as well.

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Stuart Florida Market Report ZIP Code 34994 Residential October 2015

Sewalls Point Single Family Market Report October 2015

11.09.15 by Gabe Sanders

Sewalls Point Single Family Market Report October 2015

Sewalls Point Real Estate Snapshot, Residential Sales for October 2015

There are currently 62 active listings (Up by 8 homes since last month)

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

8 Homes sold in October (Up by 3 sales from September)

The single family real estate market in Sewalls Point has shown some steady improvement in the past three months and if this trend continues we may very well find this market to be in balance fairly soon.

The current absorption rate dropped to 7.8 months, in September it was 10.8 months. Still a buyers market for Sewalls Point but has been improving steadily for the past three months. 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 of 2014, the inventory was 45 homes on the market, 8 pending sales and there were 2 closed sales. Considerably better activity this year for the Sewalls Point single family home market.

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Sewalls Point Single Family Market Report October 2015

Hobe Sound FL 33455 Residential Market Report September 2015

10.19.15 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report September 2015

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

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

There are currently 162 active listings. (Up by 13 homes from August)

89 Residential sales are pending and awaiting close (Up by 5 homes from August)

32 Homes Sold in September (Down by 2 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to show very strong activity. It is good to see a small increase in inventory for September, though we still remain quite far below historical averages. Both pending and closed sales remain quite strong as we head into our typically slower sales months.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 5.1 months (4.4 months in August). Still a sellers’ market for Hobe Sound, though edging closer to a healthier 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 September 2014 were: 250 active listings, 74 pending sales and 25 closed sales. Considerably stronger activity this year even with a much reduced inventory.