Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for March 2011

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for March 2011

For March 2011 in the 34997 Zip Code area of Stuart, Florida :

There are currently 606 active listings (down 35 from February).

197 Residential sales are pending and awaiting close or lender approval (down 20 from last month).

77 Homes Sold in February (up 41 from February)

For zip code 34997 in Stuart Florida, March showed strong sales results with significant increases in sales and a corresponding decrease in inventory, unfortunately, the pending sales numbers were off significantly also. This was a strong month.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for March 2011

Stuart Florida Real Estate presented by:
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Residential Market Report for March 2011 in Martin County, Florida

Residential Market Report for March 2011 in Martin County, Florida

For March 2011, Martin County residential sales showed some of the best numbers since 2005.  Sales were up significantly over last year and inventory is down to 2005 levels.  The one-month absorption rate is now below 9 months.  Should this trend continue, we should see a much more balanced market in the future.  In fact, prices have now held steady in terms of average numbers for a few months (please keep in mind that this statistic can be misleading as the mix of sales has been leaning to a little higher price bracket that can skew the numbers).  The big unknown is the so-called ‘shadow inventory’ of bank-owned properties as well as short sales that can continue to have negative pricing pressures on areas when there is a significant number of such properties come on the market.  But, all in all, a very strong March for Martin County real estate.  Should this trend continue, those buyers waiting on the sidelines for the bottom of the market may have missed it.

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Residential Market Report for March 2010 in Martin County, Florida

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Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for March 2011

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for March 2011

For March 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 99 active listings (up 1 from February).

29 Residential sales are pending and awaiting close or lender approval (down 8 from last month).

6 Homes Sold in March (down 7 from February)

A weak month for the 34994 zip code area of Stuart Florida with decreases in all areas.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for March 2011

Stuart Florida Real Estate presented by:
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Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for March 2011

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for March 2011

For March 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 201 active listings (down 5 from last month).

31 Residential sales are pending and awaiting close or lender approval (up 1 from February).

8 Homes Sold in February (up 1 from February).

All data showed positive signs, although in small numbers for March from the previous month for the Stuart Florida market activity for zip code 34996.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for March 2011

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Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for March 2011

Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for March 2011

For March 2011 in Sewalls Point, Florida :

There are currently 60 active listings (down 9 from February)

11 Residential sales are pending and awaiting close or lender approval (A decrease of 1 from February)

2 homes closed in Sewalls Point Florida in March (0 in February)

Some moderately positive signs for the Sewalls Point real estate market as two homes completed sales in March as well as continued strong pending numbers and a decrease in the existing inventory.

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Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for March 2011

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Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for February 2011

Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for February 2011

For February 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 461 active listings. ( up 73 from January)

100 Residential sales are pending and awaiting close or lender approval (up 43 from last month)

24 Homes Sold in February (up 6 from December)

Another increase in inventory for Hobe Sound in February which is not a good sign.  However, a large increase in pending sales and a smaller increase in sold homes help offset this a bit.

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Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for February 2011

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Stuart Florida Real Estate presented by:
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Residential Market Report for February 2011 in Martin County, Florida

Residential Market Report for February 2011 in Martin County, Florida

For February 2011, Martin County residential sales rebounded from the poor January results and have come in at fairly good numbers compared to the past few years.  Inventory remains high but also continues to decrease.  We are seeing a significant number of homes on the market that are basically not a viable sale at their current price and condition, so the real inventory is probably a bit less than the total number on the chart.  Average sales prices decreased for February, however, the median price was up, so in effect, we feel prices by and large have either stabilized or are decreasing at very low rates in most segments of the market, with some notable exceptions.  These exceptions are the very upper end of the price range as well as continued pressure on newer communities built during the boom times.  The absorption rate remains troublesomely high at over 15 months.

Residential Market Report for February 2010 in Martin County, Florida

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

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Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34957, Residential Sales for February 2011

Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34957, Residential Sales for February 2011

For February 2011 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 178 active listings. (Down 7 from last month)

75 Residential sales are pending and awaiting close or lender approval. (up 6 from January)

15 Homes Sold (up 7 from last month)

Small gains in all categories of data for the Jensen Beach Florida market for this month.

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Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for

February 2011

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Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for February 2011

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for February 2011

For February 2011 in the 34990 Zip Code area of Palm City Florida :

There are currently 570 active listings (down 14 from January)

144 Residential sales are pending and awaiting close or lender approval. (Up 8 from last month)

46 Homes Sold in February (up 15 for January)

Sales for February in Palm City were up from January, though not as robust as an exceptionally strong December.  All indexes moved in the right direction this month, though.

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Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for February 2011

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Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for February 2011

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for February 2011

For February 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 98 active listings (down 13 from January).

37 Residential sales are pending and awaiting close or lender approval (down 5 from last month).

13 Homes Sold in February (up 7 for January)

A fairly good month for the 34994 zip code area of Stuart Florida with positive momentum in all areas except for pending sales.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for February 2011

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Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for February 2011

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for February 2011

For February 2011 in the 34997 Zip Code area of Stuart, Florida :

There are currently 641 active listings (up 6 from January).

207 Residential sales are pending and awaiting close or lender approval (up 43 from last month).

36 Homes Sold in January (up 13 from January)

For zip code 34997 in Stuart Florida, February showed strong sales results with significant increases in both sales and pending sales, unfortunately, inventory also rose, although by a relatively small percentage.  This was a strong month.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for February 2011

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for February 2011

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for February 2011

For February 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 206 active listings (an increase of only 1 from last month).

30 Residential sales are pending and awaiting close or lender approval (down 1).

7 Homes Sold in January (down 2 from January).

A very slight decrease in sales ( 2 homes) with the other categories basically unchanged for February from the previous month for the Stuart Florida market activity for zip code 34996.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for February 2011

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Stuart Florida Real Estate presented by:
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Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for February 2011

Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for February 2011

For February 2011 in Sewalls Point, Florida :

There are currently 69 active listings (up 4 from January)

12 Residential sales are pending and awaiting close or lender approval (An increase of 3 from January)

No homes closed in Sewalls Point Florida in February (2 in January)

Unfortunately no sales of homes in Sewalls Point Florida in February, however, there are 12 pending sales that will hopefully close soon.  Inventory was also up a small number (4 homes).

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Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for February 2011

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Sewalls Point Florida Real Estate presented by:
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Residential Market Report for January 2011 in Martin County, Florida

Residential Market Report for January 2011 in Martin County, Florida

Unlike the very strong December sales of single-family homes and townhomes in December 2010, January 2011 came in with a whimper.  Sales were down to 85 units as opposed to 148 in December.  Even prices sent mixed signals as the median price was down and the average price was up.  About the only good news was a continued small decrease in inventory.  Now down to 1787 units. Just above the low point in May of 2010 and Matching the Dec 2005 level.  The brutal winter up north might just bring more buyers for the remainder of this season.  Come back in the next few months to see the results.

Residential Market Report for December 2010 in Martin County, Florida

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

Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for January 2011

Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for January 2011

For January 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 388 active listings ( up from 374 in December).

57 Residential sales are pending and awaiting close or lender approval (up 10 from last month)

18 Homes Sold in January (down 10 from December)

An increase in inventory and decreased sales this month.  Pendings, however, are up.  We think this will be an interesting spring season coming up.

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Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for January 2011

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Stuart Florida Real Estate presented by:
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Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for January 2011

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for January 2011

For January 2011 in the 34990 Zip Code area of Palm City Florida :

There are currently 584 active listings (up 7 from December)

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

29 Homes Sold in January (down from 45 for December)

Sales for January in Palm City were off from an unusually strong December, but pending sales have gone up for a possible better spring.  Inventory is also rising which will further increase price pressures.

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Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for January 2011

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Palm City Florida Real Estate presented by:

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Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for January 2011

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for January 2011

For January 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 111 active listings (down 3 from December).

42 Residential sales are pending and awaiting close or lender approval (up 5 from last month).

6 Homes Sold in January (down from 14 for December)

Inventory is down a little in zip code 34994 and pending sales are up slightly.  Unfortunately closed sales were off by over 50% in this area of Stuart, FL.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for January 2011

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Stuart Florida Real Estate presented by:
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Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for January 2011

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for January 2011

For January 2011 in the 34997 Zip Code area of Stuart, Florida :

There are currently 635 active listings (up 10% from December).

164 Residential sales are pending and awaiting close or lender approval (up 9 from last month).

23 Homes Sold in January (down 50% from December)

It’s been a reasonably active winter season in Martin County compared to the past few winters.  We’re not sure why sales were down in this market segment for January as most of the county has shown improving numbers.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for January 2011

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

Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34957, Residential Sales for January 2011

Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34957, Residential Sales for January 2011

For January 2011 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 185 active listings

69 Residential sales are pending and awaiting close or lender approval.

8 Homes Sold

There appears to be an increase in the volume of sales this winter to date.  We are expecting a better spring than in the past few years, however, there is a strong likelihood of more bank-owned and distressed properties coming on the market keeping price pressure down.

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Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for

January 2011.

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

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for January 2011

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for January 2011

For January 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 205 active listings (an increase on 13 from last month).

31 Residential sales are pending and awaiting close or lender approval (down 1).

9 Homes Sold in January (up from 4 in December).

An increase in sales in January and a continuing fairly strong market as compared to past winter seasons.  Because of this fairly positive news, more inventory is coming on the market, which will create increasing price pressure.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for January 2011

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