Hobe Sound FL 33455 Residential Market Report June 2015

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

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

There are currently 150 active listings. (Down by 30 homes from May)

119 Residential sales are pending and awaiting close (Up by 6 homes from May)

61 Homes Sold in June (Down by 4 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to set a torrid pace for sales. Though the continuing drop in available inventory will soon effect the volume of sales unless more product goes back on the market. Can’t sell it if it’s not available.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dipped to 2.5 months (2.8 months in May). Still an extreme 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 June 2014 were: 261 active listings, 95 pending sales and 40 closed sales. A very significant drop in inventory, yet the volume remains better than last year.

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Hobe Sound FL 33455 Residential Market Report June 2015

Jensen Beach FL 34957 Residential Market Report June 2015

07.19.15 by Gabe Sanders

Jensen Beach FL 34957 Residential Market Report June 2015

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

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

There are currently 119 active listings. (Down by 16 homes from last month)

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

46 Homes Sold (Increased by 15 homes from May)

The Jensen Beach FL 34957 Residential Market resumed it’s torrid pace for the year after just a slight breather in May. Very strong activity in Jensen Beach residential sales.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 2.6 months (was 4.4 months in May). A very strong sellers market for Jensen Beach home sales but heading towards a balanced market. A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The June 2014 numbers were: 122 active listings, 62 pending sales and 25 home sales closed. Much better volume this year and encouragingly Jensen Beach inventory hasn’t declined as much as some other parts of Martin County.

Jensen Beach FL 34957 Residential Market Report June 2015

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Jensen Beach FL 34957 Residential Market Report June 2015

Palm City FL 34990 Condo Market Report June 2015

07.18.15 by Gabe Sanders

Palm City FL 34990 Condo Market Report June 2015

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

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

There are currently 51 active condo listings. (Down by 4 condos from May)

14 Condo sales are pending and awaiting close or lender approval. (Increased by 3 condos from last month)

8 Condos Sold in June. (Up by 4 condos from May)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Fairly positive activity for June of 2015 with improving closed sales and pending sales.

The current absorption rate for condos in the 34990 zip code area declined to 6.4 months (was 13.8 months in August). Sliding in the wrong direction for the Palm City condo 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 June 2014 numbers were: 56 active listings, 5 pending sales and 3 closed sales. Somewhat better volume for the 2015 palm City condo market.

Palm City FL 34990 Condo Market Report June 2015

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Palm City FL 34990 Condo Market Report June 2015

Palm City FL 34990 Residential Market Report June 2015

07.17.15 by Gabe Sanders

Palm City FL 34990 Residential Market Report June 2015

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

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

There are currently 358 active listings (Decreased by 3 homes from May)

163 Residential sales are pending and awaiting close or lender approval. (Decreased by 41 homes from last month)

128 Homes Sold in May (Increased by 28 sold homes from May)

After a very strong May, the Palm City FL 34990 residential real estate market came in with even more for June. Unfortunately the inventory has dropped to a point that future pending sales have decreased and I believe the volume of future closed sales will suffer unless we get more homes available on the market.

The current absorption rate dropped to 2.8 months from 3.6 months in May. An extreme sellers’ market for the Palm City zip code 34990 area for residential sales. A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The June 2014 numbers were: 444 active listings, 153 pending sales and 94 closed sales. Even with a greatly reduced inventory. Sales volume is much better for 2015.

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Palm City FL 34990 Residential Market Report June 2015

Stuart FL 34997 Residential Market Report June 2015

07.15.15 by Gabe Sanders

Stuart FL 34997 Residential Market Report June 2015

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

There are currently 257 active listings (Decreased by 22 homes from May).

200 Residential sales are pending and awaiting close or lender approval (Decreased by 25 homes from May).

113 Homes Sold in June (Increased by 22 homes from May)

The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market. Our inventory took another major drop as sales are going faster than homeowners are willing to list on the market. Closed sales remain very strong, but the reduced inventory will soon result in a lower volume of closed sales as evidenced by the drop in pending sales.

The current one month absorption rate dropped to 2.3 months (was 3.1 months for May). Moving to even a stronger 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 June, were: 381 active listings, 185 pending listings and 80 closed sales. Very strong activity this year even with a dramatic drop in inventory.

Stuart FL 34997 Residential Market Report June 2015

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Stuart FL 34997 Residential Market Report June 2015

Stuart FL 34996 Residential Market Report June 2015

07.13.15 by Gabe Sanders

Stuart FL 34996 Residential Market Report June 2015

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

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

There are currently 136 active listings (Down by 11 homes from May).

44 Residential sales are pending and awaiting close or lender approval (Up by 10 homes from May).

8 Homes Sold in June (Decreased by 8 homes from May).

The 34996 zip code area of the Stuart Florida residential real estate market continues to show some weakness. Pending sales are quite strong, but closed sales were off for June.

The one month absorption rate for the 34996 zip code area of Stuart Florida for June jumped dramatically to 17 months as compared to May’s 9.2 months. A pretty good buyers market fot 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 June of 2014 were: 177 active listings, 38 pending sales and 15 closed sales. Dramatically reduced inventory is contributing to a lower volume of activity for the 34996 zip code area of Stuart.

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Stuart FL 34996 Residential Market Report June 2015

Stuart Florida Market Report ZIP Code 34994 Residential June 2015

07.11.15 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential June 2015

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

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

There are currently 64 active listings (Decreased by 8 homes from May)

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

14 Homes Sold in May (Up by 1 homes from May)

The 34994 ZIP code area of the Stuart, Florida took a small breather last month, but is back strong for June. Both increased pending and closed activity. Though, the reduced inventory is troubling.

The one month absorption rate for the 34994 zip code for June decreased to 4.6 months from last months 5.5 months, back to a strong sellers market. A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The June 2014 numbers were 71 Active Listings, 34 pending sales and 13 closed sales. Similar activity to last year even though there’s reduced inventory.

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Stuart Florida Market Report ZIP Code 34994 Residential June 2015

Sewalls Point Single Family Market Report June 2015

07.10.15 by Gabe Sanders

Sewalls Point Single Family Market Report June 2015

Sewalls Point Real Estate Snapshot, Residential Sales for June 2015

There are currently 61 active listings (Decreased by 8 homes since last month)

15 home sales are pending and awaiting close or lender approval (Up by 3 homes from May)

3 Homes sold in June (Unchanged from May)

The Sewalls Point single family homes market continues to face slow sales activity even as the surrounding areas are seeing some very strong growth. There is some good news with the increased pending activity which will hopefully translate to more closed sales in the near future.

The current absorption rate decreased slightly to 20.3 months, in May it was 23 months. Lots of room for improvement. 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 of 2014, the inventory was 53 homes on the market, 11 pending sales and there were 5 closed sales. We have better pending activity this year, though not as good with closed activity.

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Sewalls Point Single Family Market Report June 2015

Lake Tuscany July 2015 Market Report

07.08.15 by Gabe Sanders

Lake Tuscany July 2015 Market Report

As of July 2015, there are 4 homes available for sale with listing prices from $429,000 to $450,000 at an average list price of $440,997 which is a price per square foot of living area of $113.71.

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

In the past 12 months, 8 homes have sold in Lake Tuscany ranging in sales price from $327,500 to $444,900 for an average sales price of $362,275 which equals $118.12 per sq. ft. of living area. These homes took an average of 126 days on market to go under contract and sold at 96% 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.

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For any questions you may have about July 2015 Lake Tuscany Real Estate Update in Stuart FL, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Lake Tuscany July 2015 Market Report

Hobe Sound FL 33455 Residential Market Report May 2015

06.21.15 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report May 2015

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

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

There are currently 180 active listings. (Up by 2 homes from April)

113 Residential sales are pending and awaiting close (Down by 20 homes from April)

65 Homes Sold in May (Down by 3 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to set a torrid pace and is the winner for the strongest activity in residential sales for the county.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 eaked up to 2.8months (2.6 months in April). Still an extreme 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 May 2014 were: 272 active listings, 84 pending sales and 47 closed sales. Considerably better activity this year even with the reduced inventory.