Jensen Beach FL 34957 Residential Market Report July 2018

08.23.18 by

Jensen Beach FL 34957 Residential Market Report July 2018

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

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

 There are currently 168 active listings. (Down by 2 from last month)

Jensen Beach FL 34957 Residential Market Report July 2018

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

Jensen Beach FL 34957 Residential Market Report July 2018

47 Homes Sold (Decreased by 12 homes from June)

Jensen Beach FL 34957 Residential Market Report July 2018

The Jensen Beach FL 34957 Residential Market remains very active.  Unusually, the Jensen Beach single family real estate market has not suffered any large drop in inventory compared to last July.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 rose to 3.6 months ( was 2.9 months in June).  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 July 2017 numbers were: 165 active listings, 79 pending sales, and 27 home sales closed.  Much stronger closed activity this year with similar inventory and pending numbers when compared to last year.
Jensen Beach FL 34957 Residential Market Report July 2018
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Jensen Beach FL 34957 Residential Market Report July 2018

Palm City FL 34990 Residential Market Report July 2018

08.21.18 by

Palm City FL 34990 Residential Market Report July 2018

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

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

 There are currently 335 active listings (Increased by 2 homes from June)

Palm City FL 34990 Residential Market Report July 2018

142 Residential sales are pending and awaiting close or lender approval. (Down by 8 homes from last month)

Palm City FL 34990 Residential Market Report July 2018

76 Homes Sold in June (Down by 35 homes from June)

Palm City FL 34990 Residential Market Report July 2018

The Palm City FL, zip code 34990 residential real estate market had a fairly slow month for July with a decrease in pending sales and a large drop in closed sales.  At least the inventory didn’t decline any further.
The monthly absorption rate rose to 4.4 months from 3.0 months in June.  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 July 2017 numbers were:  398 active listings, 165 pending sales, and 96 closed sales. Considerably weaker activity this year with a reduced inventory of available homes for sale.

Palm City FL 34990 Residential Market Report July 2018

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Palm City FL 34990 Residential Market Report July 2018

Stuart FL 34997 Residential Market Report July 2018

08.17.18 by

Stuart FL 34997 Residential Market Report July 2018

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

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

There are currently 258 active listings (Decreased by 5 homes from June).

Stuart FL 34997 Residential Market Report July 2018

164 Residential sales are pending and awaiting close or lender approval (Increased by 15 homes from June).

Stuart FL 34997 Residential Market Report July 2018

80 Homes Sold in July (Decreased by 14 homes from June)

Stuart FL 34997 Residential Market Report July 2018

      The Stuart Florida Residential Market for ZIP Code 34997 remains very active with strong sales.  Pending sales were off this month which 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 thenumber of available homes for sale.
     The absorption rate rose slightly to 3.2 months (was 2.8 months for June).  Remaing as a very strong seller’s market for the 34997 zip code area of Stuart for July 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 July, were: 292 active listings, 180 pending listings, and 84 closed sales.  Similar closed activity but a considerably reduced number of pending sales on a much lower inventory of available homes for sale.
Stuart FL 34997 Residential Market Report July 2018

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Stuart FL 34997 Residential Market Report July 2018

 

Stuart FL 34996 Residential Market Report July 2018

08.15.18 by

Stuart FL 34996 Residential Market Report July 2018

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

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

There are currently 128 active listings (ncreased by 23 homes from June).

Stuart FL 34996 Residential Market Report July 2018

21 Residential sales are pending and awaiting close or lender approval (Down by 13 homes from June).

Stuart FL 34996 Residential Market Report July 2018

25 Homes Sold in July (Down by 1 homes from June).

Stuart FL 34996 Residential Market Report July 2018

The 34996 zip code area of the Stuart Florida residential real estate market continues to be an active market but somewhat weaker than last month.  On a positive note, the inventory did rise for July.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for July rose to 5.1 months as compared to June’s 4.0 months.  Remaining as a seller’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 July 2017 were: 147 active listings, 33 pending sales, and 36 closed sales.  Considerably stronger activity last year.

Stuart FL 34996 Residential Market Report July 2018

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Stuart FL 34996 Residential Market Report July 2018

Stuart Florida 34994 Residential Market Report July 2018

08.13.18 by

Stuart Florida 34994 Residential Market Report July 2018

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

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

There are currently 71 active listings (Up by 2 homes from June)

Stuart Florida 34994 Residential Market Report June 2018

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

Stuart Florida 34994 Residential Market Report June 2018

21 Homes Sold in May (Increased by 4 homes from June)

Stuart Florida 34994 Residential Market Report June 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues to show very strong activity in single family real estate sales.

The one-month absorption rate for the 34994 zip code for July dipped to 3.4 months from 4.1 months for June.  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 July 2017 numbers were 79 Active Listings, 25 pending sales, and 12 closed sales.  Better all around activity this year with less inventory of available homes for sale.

Stuart Florida 34994 Residential Market Report June 2018

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Stuart Florida 34994 Residential Real Estate Market Report July 2018

Sewalls Point Single Family Market Report July 2018

08.10.18 by

Sewalls Point Single Family Market Report July 2018

Sewalls Point Real Estate Snapshot, Residential Sales for July 2018

 

There are currently 50 active listings (Up by 4 homes from last month)

Sewalls Point Single Family Market Report July 2018

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

Sewalls Point Single Family Market Report July 2018

9 Homes sold in July (Increased by 3 homes sales from June)

Sewalls Point Single Family Market Report July 2018

The single-family real estate market in Sewalls Point had increased closed sales for the month but not as many pending sales.  his could be an indication of fewer closed sales in the coming months.

The absorption rate dipped to 5.6 months, in June was 7.7 months.  Transitioning into a seller’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 July 2017, the inventory was 43 homes on the market, 8 pending sales and there were 8 closed sales.  Better activity last year with less inventory, except for one greater closed sale for this year.

Sewalls Point Single Family Market Report July 2018

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Sewalls Point Single Family Market Report July 2018

 

Hobe Sound FL 33455 Residential Market Report June 2018

07.27.18 by

Hobe Sound FL 33455 Residential Market Report June 2018

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

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

There are currently 192 active listings. (Increased by 8 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2018

80 Residential sales are pending and awaiting close  (Down by 12 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2018

49 Homes Sold in June (Down by 14 homes from last month)

Hobe Sound FL 33455 Residential Market Report June 2018

The Hobe Sound Florida Market Report ZIP Code 33455 slowed slightly from last month’s toridpace but remains a very active real estate market.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 3.9 months ( It was 2.9 months in May).  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 June 2017 were:  178 active listings, 69 pending sales, and 53 closed sales.  Interestingly Hobe Sound is one of the few areas in Martin County with higher inventory this year than last year.  Closed sales were slightly lower while pending sales were higher for this June.

Hobe Sound FL 33455 Residential Market Report June 2018

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Hobe Sound FL 33455 Residential Market Report June 2018

Jensen Beach FL 34957 Residential Market Report June 2018

07.25.18 by

Jensen Beach FL 34957 Residential Market Report June 2018

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

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

 There are currently 170 active listings. (Up by 11 from last month)

Jensen Beach FL 34957 Residential Market Report June 2018

77 Residential sales are pending and awaiting close or lender approval. (Down by 13 homes from May)

Jensen Beach FL 34957 Residential Market Report June 2018

59 Homes Sold (Decreased by 1 homes from May)

Jensen Beach FL 34957 Residential Market Report June 2018

The Jensen Beach FL 34957 Residential Market continues to have very strong activity.  The Jensen beach inventory is also not significantly lower than last year, which is unusual for Martin County.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 inched up to 2.9 months ( was 2.7 months in May).  Remaining in a very 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 June 2017 numbers were: 176 active listings, 58 pending sales, and 47 home sales closed.  There was considerably stronger activity this year as compared to last year.
Jensen Beach FL 34957 Residential Market Report June 2018
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Jensen Beach FL 34957 Residential Market Report June 2018

Palm City FL 34990 Residential Market Report June 2018

07.23.18 by

Palm City FL 34990 Residential Market Report June 2018

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

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

 There are currently 333 active listings (Decreased by 7 homes from May)

Palm City FL 34990 Residential Market Report June 2018

150 Residential sales are pending and awaiting close or lender approval. (Down by 26 homes from last month)

Palm City FL 34990 Residential Market Report June 2018

111 Homes Sold in May (Up by 5 homes from May)

Palm City FL 34990 Residential Market Report June 2018

The Palm City FL, zip code 34990 residential real estate market showed a slight increase in closed sales volume and a fairly large drop in pending sales.  We continue to show a need for greater inventory (number of homes available for sale) in Palm City.
The monthly absorption rate inched down to 3.0 months from 3.2 months in May.  Remaining in a strong 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 June 2017 numbers were:  386 active listings, 171 pending sales, and 96 closed sales. There was a slightly better-closed volume for this year with fewer pending sales.  All of this on significantly lower number of available homes for sale.

Palm City FL 34990 Residential Market Report June 2018

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Palm City FL 34990 Residential Market Report June 2018

Stuart FL 34997 Residential Market Report June 2018

07.19.18 by

Stuart FL 34997 Residential Market Report June 2018

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

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

There are currently 263 active listings (Increased by 4 homes from May).

Stuart FL 34997 Residential Market Report June 2018

149 Residential sales are pending and awaiting close or lender approval (Decreased by 7 homes from May).

Stuart FL 34997 Residential Market Report June 2018

94 Homes Sold in June (Increased by 1 homes from May)

Stuart FL 34997 Residential Market Report June 2018

      The Stuart Florida Residential Market for ZIP Code 34997 remains very active with strong sales and pending sales.  The inventory remained relatively steady for this month after numerous months of decreases in thenumber of available homes for sale.
     The absorption rate remained almost unchanged at 2.79 months (was 2.8 months for May).  Remaing in a very strong seller’s market for the 34997 zip code area of Stuart for June 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 June, were: 261 active listings, 180 pending listings, and 87 closed sales. Slightly better sales volume for this June but also a smaller number of pending sales.
Stuart FL 34997 Residential Market Report June 2018

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Stuart FL 34997 Residential Market Report June 2018

 

Stuart FL 34996 Residential Market Report June 2018

07.17.18 by

Stuart FL 34996 Residential Market Report June 2018

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

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

There are currently 105 active listings (Decreased by 10 homes from May).

Stuart FL 34996 Residential Market Report June 2018

34 Residential sales are pending and awaiting close or lender approval (Down by 7 homes from May).

Stuart FL 34996 Residential Market Report June 2018

26 Homes Sold in June (Up by 6 homes from May).

Stuart FL 34996 Residential Market Report June 2018

The 34996 zip code area of the Stuart Florida residential real estate market continues to be active market.  Sales were up from last month but both the inventory of available homes for sale and pending sales were off for June.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for June dipped to 4.0 months as compared to May’s 5.8 months.  Drifting back into a strong seller’s market for the 34996 zip code area of Stuart FL but on the brink of transitioning into 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 June 2017 were: 138 active listings, 55 pending sales, and 41 closed sales.  Better activity last June with a greater inventory of available homes for sale.

Stuart FL 34996 Residential Market Report June 2018

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Stuart FL 34996 Residential Market Report June 2018

Lake Tuscany July 2018 Market Report

07.15.18 by

Lake Tuscany July 2018 Market Report

As of July 2018, there are 2  homes available for sale in Lake Tuscany in Stuart FLwith listing prices of $469,900 and $485,000 for an average list price of $477,450 which is an average price per square foot of living area of $133.37.

There is 1 home currently under contract.  This home was listed for $460,315 or $184.57 per sq. ft. of living area and was on the market for only 9 days prior to going under contract.

In the past 12 months, 8 homes have sold in Lake Tuscany ranging in sales price from $370,000 up to $470,000 for an average sales price of $428,063 which equals $151.17 per sq. ft. of living area.  These homes took an average of 117 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 $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.

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

Search here for currently available Lake Tuscany real estate in Stuart FL

For any questions you may have about Lake Tuscany Real Estate Update in Stuart FL July 2018, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Lake Tuscany in Stuart Florida

Lake Tuscany July 2018 Market Report

Stuart Florida 34994 Residential Market Report June 2018

07.13.18 by

Stuart Florida 34994 Residential Market Report June 2018

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

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

There are currently 69 active listings (Up by 2 homes from May)

Stuart Florida 34994 Residential Market Report June 2018

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

Stuart Florida 34994 Residential Market Report June 2018

17 Homes Sold in May (Decreased by 6 homes from May)

Stuart Florida 34994 Residential Market Report June 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida eased a little for June but remains very active.

The one-month absorption rate for the 34994 zip code for May rose to 4.1 months from 2.9 months for May.  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 June 2017 numbers were 72 Active Listings, 34 pending sales, and 13 closed sales.  Better sales activity this year with less inventory of available homes for sale.  Though, the pending sales numbers were better last year.

Stuart Florida 34994 Residential Market Report June 2018

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Stuart Florida 34994 Residential Real Estate Market Report June 2018

Sewalls Point Single Family Market Report June 2018

07.12.18 by

Sewalls Point Single Family Market Report June 2018

Sewalls Point Real Estate Snapshot, Residential Sales for June 2018

 

There are currently 46 active listings (Down by 5 homes from last month)

Sewalls Point Single Family Market Report June 2018

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

Sewalls Point Single Family Market Report June 2018

6 Homes sold in June (Decreased by 1 homes sales from May)

Sewalls Point Single Family Market Report June 2018

The single-family real estate market in Sewalls Point retreated for the second month in a row.  The inventory of active listings was down as was pending and closed sales.

The absorption rate rose to 7.7 months, in May was 7.3 months.  Remaining in a 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 June 2017, the inventory was 57 homes on the market, 14 pending sales and there were 16 closed sales.  Considerably better activity last year in Sewalls Point.

Sewalls Point Single Family Market Report June 2018

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Sewalls Point Single Family Market Report June 2018

 

Hobe Sound FL 33455 Residential Market Report May 2018

06.29.18 by

Hobe Sound FL 33455 Residential Market Report May 2018

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

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

There are currently 184 active listings. (Decreased by 1 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2018

92 Residential sales are pending and awaiting close  (Down by 9 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2018

63 Homes Sold in May (Up by 11 homes from last month)

Hobe Sound FL 33455 Residential Market Report May 2018

The Hobe Sound Florida Market Report ZIP Code 33455 continues with very active sales activity.  There was a nice rise in closed sales this month when compared to last month.  Pending sales also remain quite strong.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 decreased to 2.9 months ( It was 3.6 months in April).  Remaining in an extreme 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 May 2017 were:  176 active listings, 68 pending sales, and 64 closed sales.  Almost identical sales volume when compared to last year.  Pending sales, though, are much better this year.  Interestingly, this is one of the few areas in Martin County with a higher inventory of homes for sale this year when compared to last year.

Hobe Sound FL 33455 Residential Market Report May 2018

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Hobe Sound FL 33455 Residential Market Report May 2018

Jensen Beach FL 34957 Residential Market Report May 2018

06.27.18 by

Jensen Beach FL 34957 Residential Market Report May 2018

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

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

 There are currently 159 active listings. (Down by 10 from last month)

Jensen Beach FL 34957 Residential Market Report May 2018

90 Residential sales are pending and awaiting close or lender approval. (Down by 12 homes from April)

Jensen Beach FL 34957 Residential Market Report May 2018

60 Homes Sold (Increased by 1 homes from April)

Jensen Beach FL 34957 Residential Market Report May 2018

The Jensen Beach FL 34957 Residential Market showed quite strong activity for another month.  The decreasing inventory of available homes for sale is a concern.  It could mean reduced volume of sales in the coming months until this trend reverses itself.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 2.7 months ( was 2.9 months in April).  A very 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 May 2017 numbers were: 178 active listings, 77 pending sales, and 47 home sales closed.  There was considerably stronger activity this year as compared to last year.  More impressive when the fact of a significantly lower number of homes are available this year.
Jensen Beach FL 34957 Residential Market Report May 2018
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Jensen Beach FL 34957 Residential Market Report May 2018

Palm City FL 34990 Residential Market Report May 2018

06.25.18 by

Palm City FL 34990 Residential Market Report May 2018

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

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

 There are currently 340 active listings (Decreased by 24 homes from April)

Palm City FL 34990 Residential Market Report May 2018

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

Palm City FL 34990 Residential Market Report May 2018

106 Homes Sold in April (Up by 42 homes from April)

Palm City FL 34990 Residential Market Report May 2018

The Palm City FL, zip code 34990 residential real estate market continues to lose inventory at a fairly rapid rate.  This will make it difficult to sustain strong sales volume for the near future while this lasts.  For May, we had strong pending as well as closed sales volume.
The monthly absorption rate plunged to 3.2 months from 5.7 months in April.  Still a slight seller’s market for the Palm City zip code 34990 area for residential sales, though trending back 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 May 2017 numbers were:  381 active listings, 174 pending sales, and 129 closed sales.  There was better closed activity last year on greater inventory.  Surprisingly, thereis very strong pending activity this year.

Palm City FL 34990 Residential Market Report May 2018

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Palm City FL 34990 Residential Market Report May 2018

Stuart FL 34997 Residential Market Report May 2018

06.21.18 by

Stuart FL 34997 Residential Market Report May 2018

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

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

There are currently 259 active listings (Decreased by 17 homes from April).

Stuart FL 34997 Residential Market Report May 2018

156 Residential sales are pending and awaiting close or lender approval (Decreased by 10 homes from April).

Stuart FL 34997 Residential Market Report May 2018

93 Homes Sold in May (Increased by 9 homes from April)

Stuart FL 34997 Residential Market Report May 2018

      The Stuart Florida Residential Market for ZIP Code 34997 remains very active.  There is strong sales and pending activity.  Unfortunately the number of homes available to purchase continues to decline and this will have an impact on future sales volume.
     The absorption rate decreased to 2.8 months (was 3.3 months for April).  Remaing in a very strong seller’s market for the 34997 zip code area of Stuart for May 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 May, were: 291 active listings, 168 pending listings, and 104 closed sales. There was better activity last year, but this was with a considerably greater number of homes for sale (inventory).
Stuart FL 34997 Residential Market Report May 2018

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Stuart FL 34997 Residential Market Report May 2018

 

Stuart FL 34996 Residential Market Report May 2018

06.19.18 by

Stuart FL 34996 Residential Market Report May 2018

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

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

There are currently 115 active listings (Decreased by 13 homes from April).

Stuart FL 34996 Residential Market Report May 2018

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

Stuart FL 34996 Residential Market Report May 2018

20 Homes Sold in May (Down by 8 homes from April).

Stuart FL 34996 Residential Market Report May 2018

The 34996 zip code area of the Stuart Florida residential real estate market continues to be active but with weaker activity than last month.  The inventory of available homes for sale is becoming an issue and may continue to affect the volume of sales in the near future.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for May rose to 5.8 months as compared to April’s 4.6 months.  Remaining as a seller’s market for the 34996 zip code area of Stuart FL but on the brink of transitioning into 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 May 2017 were: 148 active listings, 64 pending sales, and 26 closed sales.  There was considerably stronger activity last year but with a much greater number of available homes for sale.

Stuart FL 34996 Residential Market Report May 2018

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Stuart FL 34996 Residential Market Report May 2018

Stuart Florida 34994 Residential Market Report May 2018

06.15.18 by

Stuart Florida 34994 Residential Market Report May 2018

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

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

There are currently 67 active listings (Down by 7 homes from April)

Stuart Florida 34994 Residential Market Report May 2018

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

Stuart Florida 34994 Residential Market Report May 2018

23 Homes Sold in April (Increased by 10 homes from April)

Stuart Florida 34994 Residential Market Report May 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida showed very strong sales activity for this month.  Much better than last month as well as last year.

The one-month absorption rate for the 34994 zip code for April plunged to 2.9 months from 5.7 months for April.  Going to a stronger 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 May 2017 numbers were 71 Active Listings, 32 pending sales, and 16 closed sales.  Stronger activity for this month when compared to last year.

Stuart Florida 34994 Residential Market Report May 2018

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Stuart Florida 34994 Residential Real Estate Market Report May 2018