Stuart FL 34997 Residential Market Report October 2018

11.26.18 by

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

11.22.18 by

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

Stuart Florida 34994 Residential Market Report October 2018

11.20.18 by

Stuart Florida 34994 Residential Market Report October 2018

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

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

There are currently 85 active listings (Up by 13 homes from September)

Stuart Florida 34994 Residential Market Report October 2018

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

Stuart Florida 34994 Residential Market Report October 2018

15 Homes Sold in May (Decreased by 2 homes from September)

Stuart Florida 34994 Residential Market Report October 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida is showing a welcome increase in inventory.  Unfortunately, sales were off when compared to last month.

The one-month absorption rate for the 34994 zip code for October rose to 5.7 months from 4.2 months for September.  Remaining in a seller’s market for the 34994 zip code area of Stuart, FL.  This is getting very close to a balanced market.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The October 2017 numbers were 76 Active Listings, 27 pending sales, and 12 closed sales.  With a higher inventory, better cllosed activity this year. Pending sales were better last year.

Stuart Florida 34994 Residential Market Report October 2018

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Stuart Florida 34994 Residential Real Estate Market Report October 2018

Sewalls Point Single Family Market Report October 2018

11.19.18 by

Sewalls Point Single Family Market Report October 2018

Sewalls Point Real Estate Snapshot, Residential Sales for October 2018

 

There are currently 57 active listings (Up by 6 homes from last month)

Sewalls Point Single Family Market Report October 2018

6 home sales are pending and awaiting close or lender approval (Down by 2 homes from September)

Sewalls Point Single Family Market Report October 2018

7 Homes sold in October (Decreased by 1 home sales from September)

Sewalls Point Single Family Market Report October 2018

The single-family real estate market in Sewalls Point has been showing increases in inventory.  Sales were off slightly from last month and pending sales were down as well.

The absorption rate rose to 8.1 months, in September it was 6.4 months.  Back into a 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 October 2017, the inventory was 41 homes on the market, 15 pending sales and there were 1 closed sales.  The inventory and sales are up for Sewalls Point in 2018.

Sewalls Point Single Family Market Report October 2018

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Sewalls Point Single Family Market Report October 2018

 

Legacy Cove Stuart FL November 2018 Market Report

11.16.18 by

Legacy Cove Stuart FL November 2018 Market Report

There are currently 4 homes available for sale in Legacy Cove in Stuart, FL.  List prices range from $359,900 up to $429,900.  This is an average list price of $386,925 which works out to $183.02 per sq. ft. of living area.

There are no Legacy Cove homes currently under contract awaiting settlement.

In the past 12 months, 7 homes have sold in Legacy Cove with sales prices ranging from $335,000 up to $625,000. This is an average sales price of $424,857 which works out to $168.32 per sq. ft. of living area.  These sales averaged 98% of list price and went under contract in an average of 26 days after going on the market.

About Legacy Cove in Stuart FL:

Legacy Cove in Stuart FL

Legacy Cove in Stuart Florida is a gated lakeside community of 229 homes off 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.

Legacy Cove in Stuart FL

There’s a wide variety of homes in Legacy Cove, ranging from 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 in Stuart FL

Legacy Cove boasts a community pool and clubhouse 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 in Stuart FL

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.

Legacy Cove in Stuart FL

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

Legacy Cove in Stuart FL

Residents of Legacy Cove in Stuart FL enjoy a relaxing lifestyle with easy access to restaurants, shopping and the many waterways, beaches and public parks that Martin County has to offer.

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Legacy Cove in Stuart FL

For any questions you November have about Legacy Cove Stuart FL, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Stuart Florida Real Estate

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Legacy Cove Stuart FL November 2018 Market Report

 

Hobe Sound FL 33455 Residential Market Report September 2018

10.30.18 by

Hobe Sound FL 33455 Residential Market Report September 2018

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

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

There are currently 168 active listings. (Down by 4 homes from August)

Hobe Sound FL 33455 Residential Market Report September 2018

56 Residential sales are pending and awaiting close  (Down by 25 homes from August)

Hobe Sound FL 33455 Residential Market Report September 2018

48 Homes Sold in September (Up by 11 homes from last month)

Hobe Sound FL 33455 Residential Market Report September 2018

The Hobe Sound Florida Market Report ZIP Code 33455 had a nice increase in closed sales and a drop in the pending sales.  Inventory remains a bit lower than we would prefer.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dipped to 3.5 months (It was 4.6 months in August).  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 September 2017 were:  177 active listings, 57 pending sales, and 28 closed sales.  Considerably better activity this year on a reduced number of homes available for sale.

Hobe Sound FL 33455 Residential Market Report September 2018

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Hobe Sound FL 33455 Residential Market Report September 2018

Jensen Beach FL 34957 Residential Market Report September 2018

10.26.18 by

Jensen Beach FL 34957 Residential Market Report September 2018

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

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

 There are currently 163 active listings. (Up by 1 home from last month)

Jensen Beach FL 34957 Residential Market Report September 2018

55 Residential sales are pending and awaiting close or lender approval. (Down by 15 homes from August)

Jensen Beach FL 34957 Residential Market Report September 2018

48 Homes Sold (Increased by 3 homes from August)

Jensen Beach FL 34957 Residential Market Report September 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 dipped to 3.4 months ( was 3.6 months in August).  Remaining as a strong seller’s market for Jensen Beach residential sales after a month that inched close to a balanced market.   A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The September 2017 numbers were: 142 active listings, 55 pending sales, and 29 home sales closed.  Better activity this year but also with a greater inventory of available homes for sale.
Jensen Beach FL 34957 Residential Market Report September 2018
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Jensen Beach FL 34957 Residential Market Report September 2018

Palm City FL 34990 Residential Market Report September 2018

10.24.18 by

Palm City FL 34990 Residential Market Report September 2018

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

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

 There are currently 357 active listings (Decreased by 4 homes from August)

Palm City FL 34990 Residential Market Report September 2018

119 Residential sales are pending and awaiting close or lender approval. (Up by 19 homes from last month)

Palm City FL 34990 Residential Market Report September 2018

57 Homes Sold in August (Down by 40 homes from August)

Palm City FL 34990 Residential Market Report September 2018

The Palm City FL, zip code 34990 residential real estate market had  big drop in closed sales and is back into a balanced market for the first time in quite a while.  Pending sales were up which will hopefully result in greater closed sales in the coming months.
The monthly absorption rate jumped to 6.3 months from 3.7 months in August.  Into 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 September 2017 numbers were:  335 active listings, 108 pending sales, and 43 closed sales. Better activity this year but with a highr inventory of available homes for sale.

Palm City FL 34990 Residential Market Report September 2018

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Palm City FL 34990 Residential Market Report September 2018

Stuart FL 34997 Residential Market Report September 2018

10.22.18 by

Stuart FL 34997 Residential Market Report September 2018

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

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

There are currently 289 active listings (Increased by 27 homes from August).

Stuart FL 34997 Residential Market Report September 2018

123 Residential sales are pending and awaiting close or lender approval (Decreased by 14 homes from August).

Stuart FL 34997 Residential Market Report September 2018

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

Stuart FL 34997 Residential Market Report September 2018

      The Stuart Florida Residential Market for ZIP Code 34997 remains a very strong market.  For September we saw a decrease in both closed and pending sales as well as an increase in inventory.
     The absorption rate edged up to 3.4 months (was 3.0 months for August).  Still a strong seller’s market for the 34997 zip code area of Stuart for September 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 September, were: 274 active listings, 130 pending listings, and 68 closed sales.  Better sales activity this year with better pending activity last year.
Stuart FL 34997 Residential Market Report September 2018

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Stuart FL 34997 Residential Market Report September 2018

 

Stuart FL 34996 Residential Market Report September 2018

10.18.18 by

Stuart FL 34996 Residential Market Report September 2018

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

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

There are currently 151 active listings (increased by 21 homes from August).

Stuart FL 34996 Residential Market Report September 2018

19 Residential sales are pending and awaiting close (Down by 2 homes from August).

Stuart FL 34996 Residential Market Report September 2018

13 Homes Sold in September (Up by 3 homes from August).

Stuart FL 34996 Residential Market Report September 2018

The 34996 zip code area of the Stuart Florida improved from last months slow activity.  The inventory took a surprising rise while pending sales were off slightly and closed sales were up a little.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for September shot up to 11.6 months as compared to August’s 13 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 September 2017 were: 129 active listings, 19 pending sales, and 6 closed sales.  Better activity this year when compared to September 2017.

Stuart FL 34996 Residential Market Report September 2018

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Stuart FL 34996 Residential Market Report September 2018

Stuart Florida 34994 Residential Market Report September 2018

10.16.18 by

Stuart Florida 34994 Residential Market Report September 2018

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

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

There are currently 72 active listings (Up by 1 home from August)

Stuart Florida 34994 Residential Market Report September 2018

16 Residential sales are pending and awaiting close or lender approval (Decreased by 12 homes from last month).

Stuart Florida 34994 Residential Market Report September 2018

17 Homes Sold in May (Increased by 2 homes from August)

Stuart Florida 34994 Residential Market Report September 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues to show good activity.  Pending sales were off this month which could be an indication of a slower market in the next few months.

The one-month absorption rate for the 34994 zip code for September dipped to 4.2 months from 4.7 months for August.  Remaining in a seller’s market for the 34994 zip code area of Stuart, FL.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The September 2017 numbers were 76 Active Listings, 21 pending sales, and 8 closed sales.  Considerably stronger closed sales activity this year.

Stuart Florida 34994 Residential Market Report September 2018

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Stuart Florida 34994 Residential Real Estate Market Report September 2018

Sewalls Point Single Family Market Report September 2018

10.15.18 by

Sewalls Point Single Family Market Report September 2018

Sewalls Point Real Estate Snapshot, Residential Sales for September 2018

 

There are currently 51 active listings (Down by 1 home from last month)

Sewalls Point Single Family Market Report September 2018

8 home sales are pending and awaiting close or lender approval (Down by 4 homes from August)

Sewalls Point Single Family Market Report September 2018

8 Homes sold in September (Increased by 5 homes sales from August)

Sewalls Point Single Family Market Report September 2018

The single-family real estate market in Sewalls Point had a strong month for closed sales but did have a drop in the  number of pending sales.  Pretty good rebound after a very slow August.

The absorption rate plunged to 6.4 months, in August was 17.3 months.  Back into a balanced 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 September 2017, the inventory was 43 homes on the market, 4 pending sales and there were 4 closed sales.  Much stronger market activity for 2018 in Sewalls Point.

Sewalls Point Single Family Market Report September 2018

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Sewalls Point Single Family Market Report September 2018

 

Hobe Sound FL 33455 Residential Market Report August 2018

10.01.18 by

Hobe Sound FL 33455 Residential Market Report August 2018

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

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

There are currently 172 active listings. (Down by 20 homes from July)

Hobe Sound FL 33455 Residential Market Report August 2018

81 Residential sales are pending and awaiting close  (Up by 13 homes from July)

Hobe Sound FL 33455 Residential Market Report August 2018

37 Homes Sold in August (Down by 16 homes from last month)

Hobe Sound FL 33455 Residential Market Report August 2018

The Hobe Sound Florida Market Report ZIP Code 33455 had a drop in closed sales for the month.  But, also, a rise in pending sales which should result in more sales in the coming months.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 4.6 months (It was 3.6 months in July).  Remaining in a 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 August 2017 were:  173 active listings, 62 pending sales, and 52 closed sales.  Better sales activity last year and better pending activity for this year.

Hobe Sound FL 33455 Residential Market Report August 2018

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Hobe Sound FL 33455 Residential Market Report August 2018

Jensen Beach FL 34957 Residential Market Report August 2018

09.27.18 by

Jensen Beach FL 34957 Residential Market Report August 2018

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

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

 There are currently 162 active listings. (Down by 6 from last month)

Jensen Beach FL 34957 Residential Market Report August 2018

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

Jensen Beach FL 34957 Residential Market Report August 2018

45 Homes Sold (Decreased by 2 homes from July)

Jensen Beach FL 34957 Residential Market Report August 2018

The Jensen Beach FL 34957 Residential Market remains strong and active. Unlike much of the rest of Martin County, the inventory remains fairly strong.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 remained unchanged at 3.6 months ( was 3.6 months in July).  Remaining as a strong seller’s market for Jensen Beach residential sales after a month that inched close to a balanced market.   A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The August 2017 numbers were: 143 active listings, 77 pending sales, and 48 home sales closed.  Slightly better sales and pending activity last year.  Interestingly, this is with a higher inventory of available condos for sale this year.
Jensen Beach FL 34957 Residential Market Report August 2018
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Jensen Beach FL 34957 Residential Market Report August 2018

Palm City FL 34990 Residential Market Report August 2018

09.25.18 by

Palm City FL 34990 Residential Market Report August 2018

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

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

 There are currently 361 active listings (Increased by 26 homes from July)

Palm City FL 34990 Residential Market Report August 2018

100 Residential sales are pending and awaiting close or lender approval. (Down by 42 homes from last month)

Palm City FL 34990 Residential Market Report August 2018

97 Homes Sold in July (Up by 21 homes from July)

Palm City FL 34990 Residential Market Report August 2018

The Palm City FL, zip code 34990 residential real estate market had mixed results for August.  There was a welcome increase in inventory and closed sales.  Unfortunately, a big decrease in pending sales.
The monthly absorption rate dipped to 3.7 months from 4.4 months in July.  Remaining in a seller’s 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 2017 numbers were:  346 active listings, 128 pending sales, and 95 closed sales. Similar closed activity this year when compared to last year.  The pending numbers are down for this year though.

Palm City FL 34990 Residential Market Report August 2018

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Palm City FL 34990 Residential Market Report August 2018

Stuart FL 34997 Residential Market Report August 2018

09.21.18 by

Stuart FL 34997 Residential Market Report August 2018

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

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

There are currently 262 active listings (Increased by 4 homes from July).

Stuart FL 34997 Residential Market Report August 2018

137 Residential sales are pending and awaiting close or lender approval (Decreased by 27 homes from July).

Stuart FL 34997 Residential Market Report August 2018

88 Homes Sold in August (Increased by 8 homes from July)

Stuart FL 34997 Residential Market Report August 2018

      The Stuart Florida Residential Market for ZIP Code 34997 remains very active with strong sales.  Pending sales were off significantly this month.  This may result in some lower closed sales volume in the coming months. The inventory remained relatively steady for this month after numerous months of decreases in the number of available homes for sale.
     The absorption rate dropped slightly to 3.0 months (was 3.2 months for July).  Remaining as a very strong seller’s market for the 34997 zip code area of Stuart for August 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 August, were: 291 active listings, 141 pending listings, and 86 closed sales.  Other than significantly lower inventory the closed and pending sales volume is quite similar to last year.
Stuart FL 34997 Residential Market Report August 2018

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Stuart FL 34997 Residential Market Report August 2018

 

Stuart FL 34996 Residential Market Report August 2018

09.19.18 by

Stuart FL 34996 Residential Market Report August 2018

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

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

There are currently 130 active listings (ncreased by 2 homes from July).

Stuart FL 34996 Residential Market Report August 2018

21 Residential sales are pending and awaiting close (Unchanged from July).

Stuart FL 34996 Residential Market Report August 2018

10 Homes Sold in August (Down by 15 homes from July).

Stuart FL 34996 Residential Market Report August 2018

The 34996 zip code area of the Stuart Florida seems to have hit a road bump for August.  Closed sales were off by a significant amount while the other metrics were mostly unchanged.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for August shot up to 13 months as compared to July’s 5.1 months.  Into a strong 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 August 2017 were: 145 active listings, 14 pending sales, and 12 closed sales.  Even with a large drop in closed sales, activity is better this year.

Stuart FL 34996 Residential Market Report August 2018

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Stuart FL 34996 Residential Market Report August 2018

Stuart Florida 34994 Residential Market Report August 2018

09.17.18 by

Stuart Florida 34994 Residential Market Report August 2018

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

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

There are currently 71 active listings (Unchanged from July)

Stuart Florida 34994 Residential Market Report August 2018

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

Stuart Florida 34994 Residential Market Report August 2018

15 Homes Sold in May (Decreased by 6 homes from July)

Stuart Florida 34994 Residential Market Report August 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a somewhat weaker month than last month.  Both closed and pending sales decreased.  The inventory remained unchanged.

The one-month absorption rate for the 34994 zip code for August rose to 4.7 months from 3.4 months for July.  Remaining in a seller’s market for the 34994 zip code area of Stuart, FL.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The August 2017 numbers were 77 Active Listings, 26 pending sales, and 16 closed sales.  Very similar activity when compared to last year.

Stuart Florida 34994 Residential Market Report August 2018

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Stuart Florida 34994 Residential Real Estate Market Report August 2018

Sewalls Point Single Family Market Report August 2018

09.14.18 by

Sewalls Point Single Family Market Report August 2018

Sewalls Point Real Estate Snapshot, Residential Sales for August 2018

 

There are currently 52 active listings (Up by 2 homes from last month)

Sewalls Point Single Family Market Report August 2018

12 home sales are pending and awaiting close or lender approval (Up by 6 homes from July)

Sewalls Point Single Family Market Report August 2018

3 Homes sold in August (Decreased by 6 homes sales from July)

Sewalls Point Single Family Market Report August 2018

The single-family real estate market in Sewalls Point had a weak month for closed sales but did have an improved number of pending sales.  Hopefully, this will result in greater closed sales volume in the near future.

The absorption rate shot up to 17.3 months, in July was 5.6 months.  Back into a strong buyer’s 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 August 2017, the inventory was 54 homes on the market, 6 pending sales and there were 1 closed sales.  Better activity this year with plenty of room for improvement.

Sewalls Point Single Family Market Report August 2018

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Sewalls Point Single Family Market Report August 2018

 

Hobe Sound FL 33455 Residential Market Report July 2018

08.27.18 by

Hobe Sound FL 33455 Residential Market Report July 2018

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

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

There are currently 192 active listings. (Unchanged from June)

Hobe Sound FL 33455 Residential Market Report July 2018

68 Residential sales are pending and awaiting close  (Down by 12 homes from June)

Hobe Sound FL 33455 Residential Market Report July 2018

53 Homes Sold in July (Up by 4 homes from last month)

Hobe Sound FL 33455 Residential Market Report July 2018

The Hobe Sound Florida Market Report ZIP Code 33455 continues to show strong activity with closed sales up from last month while pending sales were off a bit on steady inventory.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 decreased to 3.6 months ( It was 3.9 months in June).  Remaining in a 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 July 2017 were:  208 active listings, 82 pending sales, and 32 closed sales.  Considerably stronger closed sales this year along with weaker pending sales.

Hobe Sound FL 33455 Residential Market Report July 2018

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Hobe Sound FL 33455 Residential Market Report July 2018