Hobe Sound FL 33455 Residential Market Report December 2018

Hobe Sound FL 33455 Residential Market Report December 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for December 2018

  For December 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 218 active listings. (Up by 11 homes from November)

Hobe Sound FL 33455 Residential Market Report December 2018

50 Residential sales are pending and awaiting close  (Down by 13 homes from November)

Hobe Sound FL 33455 Residential Market Report December 2018

39 Homes Sold in December (Up by 21 homes from last month)

Hobe Sound FL 33455 Residential Market Report December 2018

The Hobe Sound Florida Market Report ZIP Code 33455 had a rebound in closed sales after a terrible November.  There was a decline in pending sales that may affect closed sales in the months ahead.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 5.6 months (It was 11.5 months in November).  Returning into a slight seller’s market for Hobe Sound residential real estate after one month as a buyer’s 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 2017 were:  189 active listings, 62 pending sales, and 24 closed sales.  A larger inventory this year and better closed sales volume.  Unfortunately, a  smaller number of pending sales.

Hobe Sound FL 33455 Residential Market Report December 2018

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Hobe Sound FL 33455 Residential Market Report December 2018

Jensen Beach FL 34957 Residential Market Report December 2018

Jensen Beach FL 34957 Residential Market Report December 2018

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for December 2018

 For December 2018 in the 34957 Zip Code area of Jensen Beach, Florida:

 There are currently 187 active listings. (Down by 1 home from last month)

Jensen Beach FL 34957 Residential Market Report December 2018

44 Residential sales are pending and awaiting close or lender approval. (Unchanged from November)

Jensen Beach FL 34957 Residential Market Report December 2018

35 Homes Sold (Increased by 6 homes from November)

Jensen Beach FL 34957 Residential Market Report December 2018

The Jensen Beach FL 34957 Residential Market had increased sales fro last month and very little other changes.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 rose to 5.3 months ( was 6.5 months in November).  Transitioning back into a seller’s market for Jensen Beach residential segment after only one month as a balanced market.   A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The December 2017 numbers were: 167 active listings, 52 pending sales, and 24 home sales closed. Better sales activity this year.  But, less pending activity on an increased number of homes for sale in Jensen Beach.
Jensen Beach FL 34957 Residential Market Report December 2018
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Jensen Beach FL 34957 Residential Market Report December 2018

Palm City FL 34990 Residential Market Report December 2018

Palm City FL 34990 Residential Market Report December 2018

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2018

For December 2018 in the 34990 Zip Code area of Palm City Florida :

 There are currently 349 active listings (Down by 7 homes from November)

Palm City FL 34990 Residential Market Report December 2018

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

Palm City FL 34990 Residential Market Report December 2018

57 Homes Sold in September (Down by 9 homes from November)

Palm City FL 34990 Residential Market Report December 2018

The Palm City FL, zip code 34990 residential real estate market showed reduced activity for December from the previous month and has transitioned into a balanced market.
The monthly absorption rate increased to 6.1 months from 5.4 months in November.  Transitioning into a balanced market for the Palm City zip code 34990 area for residential sales for the first time in quite a while of being in a seller’s market.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The December 2017 numbers were:  381 active listings, 96 pending sales, and 66 closed sales. Slighltless volume of sales and pending sales this year but this is on a significantly lower inventory of available homes for sale.

Palm City FL 34990 Residential Market Report December 2018

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Palm City FL 34990 Residential Market Report December 2018

Lake Tuscany January 2019 Market Report

Lake Tuscany January 2019 Market Report

As of January 2019, there is only 1  home available for sale in Lake Tuscany in Stuart FL.  This home is listed for $449,900 which is an average price per square foot of living area of $125.67.

There is 1 home currently under contract.  This home was listed for $369,900 or $177.50 per sq. ft. of living area and was on the market for 18 days prior to going under contract.

In the past 12 months, 10 homes have sold in Lake Tuscany ranging in sales price from $375,000 up to $543,250.  This works out to an average sales price of $454,425 which equals $153.26 per sq. ft. of living area.  These homes took an average of 94 days on market to go under contract and sold at 97% of list price.

About Lake Tuscany in Stuart Florida:

Lake Tuscany in Stuart Florida

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 real estate Stuart FL Lake Tuscany real estate Stuart FL

Lake Tuscany boasts lush landscaping and very reasonable Home Owner’s Association fees of $108.00 per month.  These fees cover security, the common areas and lake upkeep, basic cable, trash collection and front landscaping.  The Lake Tuscany property owners website is located at this site.

Lake Tuscany real estate Stuart FL Lake Tuscany real estate Stuart FL

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.

Lake Tuscany in Stuart Florida

 Lake Tuscany real estate Stuart FL

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Lake Tuscany January 2019 Market Report

Stuart FL 34997 Residential Market Report December 2018

Stuart FL 34997 Residential Market Report December 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2018

For December 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 341 active listings (Increased by 19 homes from November).

Stuart FL 34997 Residential Market Report December 2018

93 Residential sales are pending and awaiting close or lender approval (Down by 33 homes from November).

Stuart FL 34997 Residential Market Report December 2018

70 Homes Sold in December (Increased by 9 homes from November)

Stuart FL 34997 Residential Market Report December 2018

      The Stuart Florida Residential Market for ZIP Code 34997 had an increase in closed sales for December but also an unexpected large decrease in pending sales which may affect closed sales in the near future.
     The absorption rate dipped to 4.9 months (was 5.3 months for November).  Still in a seller’s market for the 34997 zip code area of Stuart for December 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2017 numbers for December, were: 275 active listings, 121 pending listings, and 81 closed sales.  Even with a greater number of available homes for sale, activity was greater last year.
Stuart FL 34997 Residential Market Report December 2018

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Stuart FL 34997 Residential Market Report December 2018

 

Stuart FL 34996 Residential Market Report December 2018

Stuart FL 34996 Residential Market Report December 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2018

For December 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 167 active listings (Decreased by 2 homes from October).

Stuart FL 34996 Residential Market Report December 2018

23 Residential sales are pending and awaiting close (Up by 6 homes from October).

Stuart FL 34996 Residential Market Report December 2018

15 Homes Sold in December (Up by 2 homes from October).

Stuart FL 34996 Residential Market Report December 2018

The 34996 zip code area of the Stuart Florida improved from last month.  Though this segment has been in a buyer’s market now for a few months.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for December dropped to 11.1 months as compared to October’s 13.0 months.  Remaining in a buyer’s market for the 34996 zip code area of Stuart FL.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for December 2017 were: 141 active listings, 37 pending sales, and 14 closed sales.  Marginally better sales volume and fewer pending sales this year with a higher inventory.

Stuart FL 34996 Residential Market Report December 2018

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Stuart FL 34996 Residential Market Report December 2018

Stuart Florida 34994 Residential Market Report December 2018

Stuart Florida 34994 Residential Market Report December 2018

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for December 2018

For November 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 76 active listings (Unchanged from November)

Stuart Florida 34994 Residential Market Report December 2018

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

Stuart Florida 34994 Residential Market Report December 2018

13 Homes Sold in May (Increased by 8 homes from November)

Stuart Florida 34994 Residential Market Report December 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida rebounded with a good number of closed sales even if the pending sales are off a little.  The inventory remains unchanged.

The one-month absorption rate for the 34994 zip code for December dropped down to 5.8 months from 15.2 months for November.  Returning to a seller’s market for the 34994 zip code area of Stuart, FL after one month in a buyer’s market.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The December 2017 numbers were 74 Active Listings, 22 pending sales, and 7 closed sales.  Better sales numbers while fewer pending sales on similar inventory numbers when comparing year to year activity.

Stuart Florida 34994 Residential Market Report December 2018

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Stuart Florida 34994 Residential Real Estate Market Report December 2018

Sewalls Point Single Family Market Report December 2018

Sewalls Point Single Family Market Report December 2018

Sewalls Point Real Estate Snapshot, Residential Sales for December 2018

 

There are currently 69 active listings (Up by 1 home from last month)

Sewalls Point Single Family Market Report December 2018

9 home sales are pending and awaiting close or lender approval (Unchanged from November)

Sewalls Point Single Family Market Report December 2018

5 Homes sold in December (Increased by 3 homes sales from November)

Sewalls Point Single Family Market Report December 2018

The single-family real estate market in Sewalls Point showed a nice little rebound in sales for December, though a little more activity would be welcome.

The absorption rate dropped to 13.4 months, in November it was 34 months.  Still a buyers market for Sewalls Point but trending in the right direction.  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 December 2017, the inventory was 46 homes on the market, 13 pending sales and there were 3 closed sales.  A nice little improvement of closed sales for this year, but this is with a considerably larger inventory of available homes for sale.

Sewalls Point Single Family Market Report December 2018

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Sewalls Point Single Family Market Report December 2018

 

Hobe Sound FL 33455 Residential Market Report November 2018

Hobe Sound FL 33455 Residential Market Report November 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for November 2018

  For November 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 207 active listings. (Up by 13 homes from October)

Hobe Sound FL 33455 Residential Market Report November 2018

63 Residential sales are pending and awaiting close  (Up by 14 homes from October)

Hobe Sound FL 33455 Residential Market Report November 2018

18 Homes Sold in November (Down by 34 homes from last month)

Hobe Sound FL 33455 Residential Market Report November 2018

The Hobe Sound Florida Market Report ZIP Code 33455 had a large drop in closed sales for November as compared to last month.  Inventory and pending sales rose for the month.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 shot up to 11.5 months (It was 3.7 months in October).  Jumping into a strong buyer’s market for Hobe Sound residential real estate.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for November 2017 were:  195 active listings, 52 pending sales, and 32 closed sales.  Better sales activity last year.

Hobe Sound FL 33455 Residential Market Report November 2018

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Hobe Sound FL 33455 Residential Market Report November 2018

Jensen Beach FL 34957 Residential Market Report November 2018

Jensen Beach FL 34957 Residential Market Report November 2018

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for November 2018

 For November 2018 in the 34957 Zip Code area of Jensen Beach, Florida:

 There are currently 188 active listings. (Up by 7 homes from last month)

Jensen Beach FL 34957 Residential Market Report November 2018

44 Residential sales are pending and awaiting close or lender approval. (Down by 3 homes from October)

Jensen Beach FL 34957 Residential Market Report November 2018

29 Homes Sold (Decreased by 11 homes from October)

Jensen Beach FL 34957 Residential Market Report November 2018

The Jensen Beach FL 34957 Residential Market transitioned into a balanced market on reduced sales activity and an increase in available homes for sale.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 rose to 6.5 months ( was 4.5 months in October).  Transitioning into a balanced market for Jensen Beach residential segemnt for the first time in quite a while.   A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The November 2017 numbers were: 160 active listings, 51 pending sales, and 28 home sales closed.  Similar sales activity year to year.  Though, for this year, there’s a greater number of available homes for sale.
Jensen Beach FL 34957 Residential Market Report November 2018
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Jensen Beach FL 34957 Residential Market Report November 2018

Palm City FL 34990 Residential Market Report November 2018

Palm City FL 34990 Residential Market Report November 2018

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for November 2018

For November 2018 in the 34990 Zip Code area of Palm City Florida :

 There are currently 356 active listings (Down by 1 home from September)

Palm City FL 34990 Residential Market Report November 2018

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

Palm City FL 34990 Residential Market Report November 2018

66 Homes Sold in September (Up by 7 homes from September)

Palm City FL 34990 Residential Market Report November 2018

The Palm City FL, zip code 34990 residential real estate market remains active with greater closed activity this month and a little lower pending activity.
The monthly absorption rate dropped to 5.4 months from 4.9 months in September.  Remaining in a sellers market for the Palm City zip code 34990 area for residential sales but drifting towards a balanced market.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The November 2017 numbers were:  366 active listings, 101 pending sales, and 64 closed sales. Very similar activity as compared to last year.

Palm City FL 34990 Residential Market Report November 2018

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Palm City FL 34990 Residential Market Report November 2018

Stuart FL 34997 Residential Market Report November 2018

Stuart FL 34997 Residential Market Report November 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2018

For November 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 322 active listings (Increased by 6 homes from October).

Stuart FL 34997 Residential Market Report November 2018

126 Residential sales are pending and awaiting close or lender approval (Up by 3 homes from October).

Stuart FL 34997 Residential Market Report November 2018

61 Homes Sold in November (Decreased by 2 homes from October)

Stuart FL 34997 Residential Market Report November 2018

      The Stuart Florida Residential Market for ZIP Code 34997 showed reduced activity from last month and an increase in inventory.
     The absorption rate rose to 5.3 months (was 5.0 months for October).  Still a seller’s market for the 34997 zip code area of Stuart for November 2018 but trending towards a balanced market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2017 numbers for November, were: 285 active listings, 138 pending listings, and 70 closed sales.  Better activity last year on a reduced number of homes for sale.
Stuart FL 34997 Residential Market Report November 2018

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Stuart FL 34997 Residential Market Report November 2018

 

Stuart FL 34996 Residential Market Report November 2018

Stuart FL 34996 Residential Market Report November 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for November 2018

For November 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 169 active listings (increased by 11 homes from October).

Stuart FL 34996 Residential Market Report November 2018

17 Residential sales are pending and awaiting close (Down by 4 homes from October).

Stuart FL 34996 Residential Market Report November 2018

13 Homes Sold in November (Down by 1 home from October).

Stuart FL 34996 Residential Market Report November 2018

The 34996 zip code area of the Stuart Florida improved marginally from last month. The inventory continued to rise, which is good.  We also had slight increases in both pending and closed sales.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for November rose to 13.0 months as compared to October’s 11.3 months.  Remaining in a buyer’s market for the 34996 zip code area of Stuart FL.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for November 2017 were: 143 active listings, 29 pending sales, and 19 closed sales.  Considerably better activity last November on a reduced inventory of available homes for sale.

Stuart FL 34996 Residential Market Report November 2018

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Stuart FL 34996 Residential Market Report November 2018

Stuart Florida 34994 Residential Market Report November 2018

Stuart Florida 34994 Residential Market Report November 2018

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for November 2018

For October 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 76 active listings (Down by 9 homes from October)

Stuart Florida 34994 Residential Market Report November 2018

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

Stuart Florida 34994 Residential Market Report November 2018

5 Homes Sold in May (Decreased by 10 homes from October)

Stuart Florida 34994 Residential Market Report November 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a dip in inventory and a large drop in sales.  Pending sales rose, just slightly.

The one-month absorption rate for the 34994 zip code for November jumped up to 15.2 months from 5.7 months for October.  Transitioning into a buyer’s market for the 34994 zip code area of Stuart, FL.  First time in quite a while for this area to be in a buyer’s market.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The November 2017 numbers were 81 Active Listings, 28 pending sales, and 13 closed sales.  There was better all-around activity last year.

Stuart Florida 34994 Residential Market Report November 2018

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Stuart Florida 34994 Residential Real Estate Market Report November 2018

Sewalls Point Single Family Market Report November 2018

Sewalls Point Single Family Market Report November 2018

Sewalls Point Real Estate Snapshot, Residential Sales for November 2018

 

There are currently 68 active listings (Up by 11 homes from last month)

Sewalls Point Single Family Market Report November 2018

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

Sewalls Point Single Family Market Report November 2018

2 Homes sold in November (Decreased by 5 homes sales from October)

Sewalls Point Single Family Market Report November 2018

The single-family real estate market in Sewalls Point has continued to increase the number of homes for sale  (inventory).  And sales were down for the month, though pending sales improved.

The absorption rate jumped to 34 months, in October it was 8.1 months.  An extreme buyers market for Sewalls Point.  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 2017, the inventory was 47 homes on the market, 9 pending sales and there were 10 closed sales.  Much stronger activity on a smaller inventory of available homes last year.

Sewalls Point Single Family Market Report November 2018

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Sewalls Point Single Family Market Report November 2018

 

Hobe Sound FL 33455 Residential Market Report October 2018

Hobe Sound FL 33455 Residential Market Report October 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for October 2018

  For October 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 194 active listings. (Up by 26 homes from September)

Hobe Sound FL 33455 Residential Market Report October 2018

49 Residential sales are pending and awaiting close  (Down by 7 homes from September)

Hobe Sound FL 33455 Residential Market Report October 2018

52 Homes Sold in October (Up by 4 homes from last month)

Hobe Sound FL 33455 Residential Market Report October 2018

The Hobe Sound Florida Market Report ZIP Code 33455 showed an increase in inventory while also showing less pending sales when compared to last month. Our sales. however, remain quite strong in the Hobe Sound residential market.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose slightly to 3.7 months (It was 3.5 months in September).  Remaining in a strong seller’s market for Hobe Sound residential real estate.  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 2017 were:  212 active listings, 49 pending sales, and 29 closed sales.  Better activity this year. Interestingly, Hobe Sound residential is one of the few segments of the Martin County real estate market still showing lower inventory than last year.

Hobe Sound FL 33455 Residential Market Report October 2018

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Hobe Sound FL 33455 Residential Market Report October 2018

Jensen Beach FL 34957 Residential Market Report October 2018

Jensen Beach FL 34957 Residential Market Report October 2018

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for October 2018

 For October 2018 in the 34957 Zip Code area of Jensen Beach, Florida:

 There are currently 181 active listings. (Up by 18 homes from last month)

Jensen Beach FL 34957 Residential Market Report October 2018

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

Jensen Beach FL 34957 Residential Market Report October 2018

40 Homes Sold (Decreased by 8 homes from September)

Jensen Beach FL 34957 Residential Market Report October 2018

The Jensen Beach FL 34957 Residential Market ad a sizeable drop in pending sales while closed sales remain strong.  There’s also a fairly steady supply of inventory.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 rose to 4.5 months ( was 3.4 months in September).  Remaining in a seller’s market for Jensen Beach residential market.   A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The October 2017 numbers were: 143 active listings, 52 pending sales, and 39 home sales closed.  Similar sales activity year to year.  Though, for this year, there’s a much greater volume of available homes for sale.
Jensen Beach FL 34957 Residential Market Report October 2018
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Jensen Beach FL 34957 Residential Market Report October 2018

Palm City FL 34990 Residential Market Report October 2018

Palm City FL 34990 Residential Market Report October 2018

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for October 2018

For October 2018 in the 34990 Zip Code area of Palm City Florida :

 There are currently 357 active listings (No change from September)

Palm City FL 34990 Residential Market Report October 2018

106 Residential sales are pending and awaiting close or lender approval. (Down by 13 homes from last month)

Palm City FL 34990 Residential Market Report October 2018

73 Homes Sold in September (Up by 16 homes from September)

Palm City FL 34990 Residential Market Report October 2018

The Palm City FL, zip code 34990 residential real estate market rebounded in closed sales after an unexpected drop last month.  Peningsales were down a bit with no change in the inventory of available homes for sale for this month.
The monthly absorption rate dropped to 4.9 months from 6.3 months in September.   Back into 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 October 2017 numbers were:  347 active listings, 126 pending sales, and 66 closed sales. Pretty similar activity when compared to last year.  Closed sales were a little better this year while pending sales were higher last year.

Palm City FL 34990 Residential Market Report October 2018

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Palm City FL 34990 Residential Market Report October 2018

Stuart FL 34997 Residential Market Report October 2018

Stuart FL 34997 Residential Market Report October 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2018

For October 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 316 active listings (Increased by 27 homes from September).

Stuart FL 34997 Residential Market Report October 2018

123 Residential sales are pending and awaiting close or lender approval (Unchanged from September).

Stuart FL 34997 Residential Market Report October 2018

63 Homes Sold in October (Decreased by 23 homes from September)

Stuart FL 34997 Residential Market Report October 2018

      The Stuart Florida Residential Market for ZIP Code 34997 remains a strong market.  For October there was a second month of rising inventory while the pending sales numbers remained unchanged.  Closed sales were down when compared to last month.
     The absorption rate rose to 5.0 months (was 3.4 months for September).  Still a seller’s market for the 34997 zip code area of Stuart for October 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2017 numbers for October, were: 291 active listings, 131 pending listings, and 68 closed sales.  Better sales activity this year with better pending activity last year.
Stuart FL 34997 Residential Market Report October 2018

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Stuart FL 34997 Residential Market Report October 2018

 

Stuart FL 34996 Residential Market Report October 2018

Stuart FL 34996 Residential Market Report October 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for October 2018

For October 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 158 active listings (increased by 7 homes from September).

Stuart FL 34996 Residential Market Report October 2018

21 Residential sales are pending and awaiting close (Up by 2 homes from September).

Stuart FL 34996 Residential Market Report October 2018

14 Homes Sold in October (Up by 1 homes from September).

Stuart FL 34996 Residential Market Report October 2018

The 34996 zip code area of the Stuart Florida improved marginally from last month. The inventory continued to rise, which is good.  We also had slight increases in both pending and closed sales.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for October dropped slightly to 11.3 months as compared to September’s 11.6 months.  Remaining in a buyer’s market for the 34996 zip code area of Stuart FL but drifting towards a balanced market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for October 2017 were: 129 active listings, 30 pending sales, and 5 closed sales.  Better sales numbers this year, but lower pending sales and a larger inventory of available homes for sale.

Stuart FL 34996 Residential Market Report October 2018

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Stuart FL 34996 Residential Market Report October 2018