Stuart FL 34997 Residential Market Report September 2015

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

There are currently 277 active listings (Increased by 30 homes from August).

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

81 Homes Sold in September (Increased by 2 homes from August)

The Stuart Florida Residential Market for ZIP Code 34997 remains one of the strongest local markets. For September we had a very welcome increase in inventory that should help maintain strong sales numbers for the foreseeable future.

The current one month absorption rate increased slightly to 3.4 months (was 3.1 months for August). 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 September, were: 351 active listings, 154 pending listings and 87 closed sales. With the reduced inventory of this year, we are starting to fall behind as compared to last year’s inventory.

Stuart FL 34997 Residential Market Report September 2015

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Stuart FL 34997 Residential Market Report September 2015

Stuart FL 34996 Residential Market Report September 2015

10.11.15 by Gabe Sanders

Stuart FL 34996 Residential Market Report September 2015

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

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

There are currently 136 active listings (Down by 3 homes from August).

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

12 Homes Sold in September (Decreased by 2 homes from August).

The 34996 zip code area of the Stuart Florida residential real estate market continues to struggle a bit, especially when compared to the neighboring zip codes. There are many luxury properties in this area and it’s not uncommon for these to take a bit longer to sell than the more modestly priced homes in other areas.

The one month absorption rate for the 34996 zip code area of Stuart Florida for September continued its decrease to 11.3 months as compared to August’s atrocious 9.8 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 September of 2014 were: 155 active listings, 32 pending sales and 7 closed sales. Sales volume and activity while not robust for the 34996 zip code area continues to outperform last years numbers.

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Stuart FL 34996 Residential Market Report September 2015

Stuart Florida Market Report ZIP Code 34994 Residential September 2015

10.09.15 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential September 2015

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

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

There are currently 57 active listings (Increased by 5 homes from August)

28 Residential sales are pending and awaiting close or lender approval (Increased by 7 homes from last month).

12 Homes Sold in August (Up by 3 homes from August)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida improved from last month. All tracked market activities increased for September. It’s good to see an increase in inventory. Hopefully this will continue.

The one month absorption rate for the 34994 zip code for September decreased to 4.8 months from last months 5.8 months, 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 September 2014 numbers were 62 Active Listings, 40 pending sales and 20 closed sales. Better activity last year, but also with greater inventory.

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Stuart Florida Market Report ZIP Code 34994 Residential September 2015

Sewalls Point Single Family Market Report September 2015

10.08.15 by Gabe Sanders

Sewalls Point Single Family Market Report September 2015

Sewalls Point Real Estate Snapshot, Residential Sales for September 2015

There are currently 54 active listings (Down by 5 homes since last month)

15 home sales are pending and awaiting close or lender approval (Decreased by 1 homes from August)

5 Homes sold in September (Up by two sales from August)

The single family real estate market in Sewalls point continues to struggle, though there was some improvement for this month as compared to the last few reporting periods. Sales appear to be picking up in Sewalls Point and at a good price point for both buyers and sellers.

The current absorption rate dropped to 10.8 months, in August it was 19.7 months. Still a buyers market for Sewalls Point. With pending sales rising, this may be an excellent time for buyers to take advantage of the Sewalls Point residential 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 September of 2014, the inventory was 45 homes on the market, 7 pending sales and there were no closed sales. Better activity this year for the Sewalls Point single family home market.

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Sewalls Point Single Family Market Report September 2015

Hobe Sound FL 33455 Residential Market Report August 2015

09.23.15 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report August 2015

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

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

There are currently 149 active listings. (Down by 14 homes from July)

84 Residential sales are pending and awaiting close (Down by 6 homes from July)

34 Homes Sold in August (Down by 21 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County remains very strong even if activity has eased a bit for the past couple of months. Of great concern to me is the greatly reduced inventory of available Hobe Sound homes for sale. Buyers have a limited choice of available homes. Anyone considering a move in the near future in Hobe Sound, please give me a call as you have some quite exciting options.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 4.4 months (3 months in July). Hobe Sound is still a seller’s market as we slow in activity for the off-season. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for August 2014 were: 242 active listings, 60 pending sales and 49 closed sales. Better closed activity last year while our pending sales are better for this year. All this with an inventory that is almost half of last year. Quite impressive!

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Hobe Sound FL 33455 Residential Market Report August 2015

Jensen Beach FL 34957 Residential Market Report August 2015

09.21.15 by Gabe Sanders

Jensen Beach FL 34957 Residential Market Report August 2015

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

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

There are currently 108 active listings. (Up by 9 homes from last month)

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

30 Homes Sold (Decreased by 5 homes from July)

The Jensen Beach FL 34957 Residential Market eased for the second month in a row, yet this is still very much of a sellers market. We’ve had two months of increasing inventory which is good news for buyers and the general health of this market. Going into the holiday months, I expect sales activity to decrease until we get into our next season.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 3.9 months (was 3.1 months in July). 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 August 2014 numbers were: 104 active listings, 74 pending sales and 29 home sales closed. Much less pending activity as compared to last year and similar closed activity. Inventory is greater this year which is very unusual for our market at this time.

Jensen Beach FL 34957 Residential Market Report August 2015

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Jensen Beach FL 34957 Residential Market Report August 2015

Palm City FL 34990 Condo Market Report August 2015

09.20.15 by Gabe Sanders

Palm City FL 34990 Condo Market Report August 2015

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

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

There are currently 52 active condo listings. (Down by 8 condos from July)

8 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condos from last month)

4 Condos Sold in August. (Down by 2 condos from July)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Last month’s rebound in the inventory was wiped out in August. So we’re back to small numbers of available condos, though that didn;t do very much for the number of closed sales which was off for the month.

The current absorption rate for condos in the 34990 zip code area jumped to 13 months (was 10 months in August). Now a strong buyer’s market. 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 August 2014 numbers were: 60 active listings, 4 pending sales and 4 closed sales. Very similar activity levels as compared to last year with the exception of double the number of pending sales this year.

Palm City FL 34990 Condo Market Report August 2015

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Palm City FL 34990 Condo Market Report August 2015

Palm City FL 34990 Residential Market Report August 2015

09.19.15 by Gabe Sanders

Palm City FL 34990 Residential Market Report August 2015

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

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

There are currently 355 active listings (Decreased by 8 homes from July)

155 Residential sales are pending and awaiting close or lender approval. (Decreased by 7 homes from last month)

74 Homes Sold in July (Increased by 3 sold homes from July)

After a very strong July, the Palm City FL 34990 residential real estate market continues to show strong sales activity while the inventory of available homes for sale continues to decrease. Prices continue their steady march higher so we’ll see if this is enough of an incentive to make potential sellers put their homes on the market in the coming months. Though, I don’t anticipate any large movement until the end of the holiday season.

The current absorption rate decreased slightly to to 4.8 months from 5.1 months in July. 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 August 2014 numbers were: 436 active listings, 145 pending sales and 76 closed sales. Considering how much smaller inventory there is this year as compared to last, our market activity is better overall than it was in 2014.

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Palm City FL 34990 Residential Market Report August 2015

Stuart FL 34997 Residential Market Report August 2015

09.17.15 by Gabe Sanders

Stuart FL 34997 Residential Market Report August 2015

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

There are currently 247 active listings (Increased by 15 homes from July).

174 Residential sales are pending and awaiting close or lender approval (Decreased by 16 homes from July).

79 Homes Sold in August (Decreased by 4 homes from July)

The Stuart Florida Residential Market for ZIP Code 34997 remains one of the strongest local markets. The good news is that the inventory actually rose this month after many, many months of declines. Activity did slow some, but this is still a super hot segment and still a sellers market.

The current one month absorption rate increased to 3.1 months (was 2.8 months for July). Remaining 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 August, were: 351 active listings, 171 pending listings and 95 closed sales. With the reduced inventory of this year, we are starting to fall behind as compared to last year’s inventory.

Stuart FL 34997 Residential Market Report August 2015

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Stuart FL 34997 Residential Market Report August 2015

Stuart FL 34996 Residential Market Report August 2015

09.15.15 by Gabe Sanders

Stuart FL 34996 Residential Market Report August 2015

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

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

There are currently 139 active listings (Up by 4 homes from July).

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

14 Homes Sold in August (Increased by 3 homes from July).

The 34996 zip code area of the Stuart Florida residential real estate market is slowly but surely making a come back to good activity. While there’s still room for improvement, sales were up and pending sales are also strong for good potential future activity.

The one month absorption rate for the 34996 zip code area of Stuart Florida for August continued its decrease to 9.8 months as compared to July’s atrocious 12.3 months. Still 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 August of 2014 were: 155 active listings, 28 pending sales and 13 closed sales. Even with our current reduced inventory, sales activity was better for this year than last.

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Stuart FL 34996 Residential Market Report August 2015

Stuart Florida Market Report ZIP Code 34994 Residential August 2015

09.13.15 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential August 2015

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

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

There are currently 52 active listings (Decreased by 10 homes from July)

21 Residential sales are pending and awaiting close or lender approval (Decreased by 11 homes from last month).

9 Homes Sold in July (Down by 7 homes from July)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida slowed a bit from the torrid pace of last month. Though it’s still an active market. The most troubling statistic is the sharp drop in inventory.

The one month absorption rate for the 34994 zip code for August increased to 5.8 months from last months 3.9 months, just about back into a balanced market. A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The August 2014 numbers were 67 Active Listings, 39 pending sales and 10 closed sales. Considerably more listings and pending sales last year.

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Stuart Florida Market Report ZIP Code 34994 Residential August 2015

Sewalls Point Single Family Market Report August 2015

09.12.15 by Gabe Sanders

Sewalls Point Single Family Market Report August 2015

Sewalls Point Real Estate Snapshot, Residential Sales for August 2015

There are currently 59 active listings (Up by 1 homes since last month)

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

3 Homes sold in August (Down by two sales from July)

The single family real estate market in Sewalls point continues to struggle, but with increased pending activity we may see a nice improvement in the coming season. Prices are once again going up in this market and it seems that the days of the bargain may be approaching an end for now.

The current absorption rate jumped to 19.7 months, in July it was 11.6 months. A very strong buyers market. With pending sales rising, this may be an excellent time for buyers to take advantage of the Sewalls Point residential 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 August of 2014, the inventory was 41 homes on the market, 8 pending sales and there were 7 closed sales. Considerably greater sales activity last year with less inventory.

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Sewalls Point Single Family Market Report August 2015

Hobe Sound FL 33455 Residential Market Report July 2015

08.21.15 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report July 2015

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

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

There are currently 163 active listings. (Up by 13 homes from June)

90 Residential sales are pending and awaiting close (Down by 29 homes from June)

55 Homes Sold in July (Down by 6 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County remains very strong. Both sales and pending sales retreated a bit from last month, but still remain very strong. The inventory took a slight increase from last month. This is a much needed statistic that will hopefully continue in the months ahead.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 3 months (2.5 months in June). Still a strong seller’s market for the Hobe Sound area of Martin County. 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 2014 were: 237 active listings, 80 pending sales and 51 closed sales. Even with the significantly smaller inventory, sales activity is better than last year.