Jensen Beach FL 34957 Residential Market Report April 2018

05.23.18 by

Jensen Beach FL 34957 Residential Market Report April 2018

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

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

 There are currently 169 active listings. (Down by 17 from last month)

Jensen Beach FL 34957 Residential Market Report April 2018

102 Residential sales are pending and awaiting close or lender approval. (Up by 9 homes from March)

Jensen Beach FL 34957 Residential Market Report April 2018

59 Homes Sold (Increased by 15 homes from March)

Jensen Beach FL 34957 Residential Market Report April 2018

The Jensen Beach FL 34957 Residential Market could use some more homes for sale as the current inventory is just flying off the market with brisk sales.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 plunged to 2.9 months ( was 5.5 months in March).  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 April 2017 numbers were: 179 active listings, 98 pending sales, and 49 home sales closed.  Better activity for this year when compared to April 2017.
Jensen Beach FL 34957 Residential Market Report April 2018
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Jensen Beach FL 34957 Residential Market Report April 2018

Palm City FL 34990 Residential Market Report April 2018

05.21.18 by

Palm City FL 34990 Residential Market Report April 2018

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

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

 There are currently 364 active listings (Decreased by 27 homes from March)

Palm City FL 34990 Residential Market Report April 2018

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

Palm City FL 34990 Residential Market Report April 2018

64 Homes Sold in March (Down by 17 homes from March)

Palm City FL 34990 Residential Market Report April 2018

The Palm City FL, zip code 34990 residential real estate market is going to have an issue maintaining good momentum if the inventory continues to drop as it has the past few months.  Pending sales remain very strong even as closed sales were off from last month.
The monthly absorption rate rose to 5.7 months from 4.8 months in March.  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 April 2017 numbers were:  403 active listings, 191 pending sales, and 80 closed sales.  Somewhat slower closed sales this year, but this is with a greatly reduced number of homes available for sale (inventory).

Palm City FL 34990 Residential Market Report April 2018

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Palm City FL 34990 Residential Market Report April 2018

Stuart FL 34997 Residential Market Report April 2018

05.17.18 by

Stuart FL 34997 Residential Market Report April 2018

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

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

There are currently 276 active listings (Decreased by 21 homes from March).

Stuart FL 34997 Residential Market Report April 2018

166 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from March).

Stuart FL 34997 Residential Market Report April 2018

84 Homes Sold in April (Decreased by 8 homes from March)

Stuart FL 34997 Residential Market Report April 2018

      The Stuart Florida Residential Market for ZIP Code 34997 remains very active.  There is strong sales and pending activity.  The decrease in inventory is troubling for the future of the market with the potential for much higher prices potentially pricing many out of this market.
     The absorption rate was almost unchanged at 3.3 months (was 3.2 months for March).  Remaing in a very strong seller’s market for the 34997 zip code area of Stuart for April 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 April, were: 330 active listings, 177 pending listings, and 80 closed sales. There’s considerably less inventory of available homes for sale this year.  The sales activity remains very strong even compared to last year.
Stuart FL 34997 Residential Market Report April 2018

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Stuart FL 34997 Residential Market Report April 2018

 

Legacy Cove Stuart FL May 2018 Market Report

05.17.18 by

Legacy Cove Stuart FL May 2018 Market Report

There is currently 1 home available for sale in Legacy Cove in Stuart, FL.  The list price is $389,000 which is $205.71 per sq. ft. of living area.

There is one home currently under contract awaiting settlement.  The list price was $650,000 or $175.87 per sq. ft. of living area.  This home was on the market for 93 days prior to going under contract.

In the past 12 months, 6 homes have sold in Legacy Cove with sales prices ranging from $342,000 up to $471,000 for an average sales price of $396,167 which works out to $163.35 per sq. ft. of living area.  These sales averaged 97% of list price and went under contract in an average of 31 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 May have about Legacy Cove Stuart FL, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Legacy Cove Stuart FL May 2018 Market Report

 

Stuart FL 34996 Residential Market Report April 2018

05.15.18 by

Stuart FL 34996 Residential Market Report April 2018

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

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

There are currently 128 active listings (Decreased by 5 homes from March).

Stuart FL 34996 Residential Market Report April 2018

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

Stuart FL 34996 Residential Market Report April 2018

28 Homes Sold in April (Down by 1 homes from March).

Stuart FL 34996 Residential Market Report April 2018

The 34996 zip code area of the Stuart Florida residential real estate market continued the strong activity from March.  The low inventory of available homes for sale may be an issue for the coming months.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for April remained unchanged from March at 4.6 months.  Remaining as a seller’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 April 2017 were: 163 active listings, 49 pending sales, and 21 closed sales.  Better closed activity this year and similar pending activity.  All with a considerably smaller inventory of homes for sale.

Stuart FL 34996 Residential Market Report April 2018

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Stuart FL 34996 Residential Market Report April 2018

Stuart Florida 34994 Residential Market Report April 2018

05.11.18 by

Stuart Florida 34994 Residential Market Report April 2018

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

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

There are currently 74 active listings (Down by 1 homes from March)

Stuart Florida 34994 Residential Market Report April 2018

35 Residential sales are pending and awaiting close or lender approval (Increased by 1 homes from last month).

Stuart Florida 34994 Residential Market Report April 2018

13 Homes Sold in March (Decreased by 14 homes from March)

Stuart Florida 34994 Residential Market Report April 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a decrease in closed sales from last month (which were very strong) but remains a very strong market.

The one-month absorption rate for the 34994 zip code for March jumped to 5.7 months from 2.8 months for March.  Hanging on to 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 April 2017 numbers were 69 Active Listings, 33 pending sales, and 12 closed sales.  One of the few areas of Martin County with increased inventory from last year.  Sales activity was very similar to last year.

Stuart Florida 34994 Residential Market Report April 2018

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Stuart Florida 34994 Residential Real Estate Market Report April 2018

Sewalls Point Single Family Market Report April 2018

05.10.18 by

Sewalls Point Single Family Market Report April 2018

Sewalls Point Real Estate Snapshot, Residential Sales for April 2018

 

There are currently 50 active listings (Up by 2 homes from last month)

Sewalls Point Single Family Market Report April 2018

12 home sales are pending and awaiting close or lender approval (Decreased by 4 homes from March)

Sewalls Point Single Family Market Report April 2018

10 Homes sold in June (Increased by 6 homes sales from March)

Sewalls Point Single Family Market Report April 2018

The single-family real estate market in Sewalls Point had excellent sales activity for April.  Unfortunately, pending sales were off, so I’m not sure how long this good activity will last.

The absorption rate plunged to 5 months, in March was 12 months.  Transitioning into a seller’s market in Sewalls Point for the first time in quite a while.  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 March 2016, the inventory was 65 homes on the market, 18 pending sales and there were 7 closed sales.  Sales activity was better this year, but pending sales are not looking so good.

Sewalls Point Single Family Market Report April 2018

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Sewalls Point Single Family Market Report April 2018

 

Hobe Sound FL 33455 Residential Market Report March 2018

04.25.18 by

Hobe Sound FL 33455 Residential Market Report March 2018

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

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

There are currently 194 active listings. (Decreased by 23 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2018

105 Residential sales are pending and awaiting close  (Up by 25 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2018

45 Homes Sold in March (Up by 4 homes from last month)

Hobe Sound FL 33455 Residential Market Report March 2018

The Hobe Sound Florida Market Report ZIP Code 33455 remains a strong and active real estate market with both pending and closed sales increased when compared to last month.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 4.3 months ( It was 5.0 months in February).  Continuing as 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 March 2017 were:  200 active listings, 102 pending sales, and 42 closed sales.  Better activity this year when compared to last March.

Hobe Sound FL 33455 Residential Market Report March 2018

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Hobe Sound FL 33455 Residential Market Report March 2018

Jensen Beach FL 34957 Residential Market Report March 2018

04.23.18 by

Jensen Beach FL 34957 Residential Market Report March 2018

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

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

 There are currently 186 active listings. (Down by 7 from last month)

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

93 Residential sales are pending and awaiting close or lender approval. (Up by 19 homes from February)

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

34 Homes Sold (Decreased by 6 homes from February)

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

The Jensen Beach FL 34957 Residential Market continues to lose some inventory while pending sales took a significant jump withsomewhat slower closed sales volume.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 rose to 5.5 months ( was4.8 months in February).  Remaining as a seller’s market for Jensen Beach residential sales though inching closer 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 March 2017 numbers were: 203 active listings, 82 pending sales, and 58 home sales closed.  Better closed sales last year and better pending sales this year with a lowe inventory of available homes for sale.
Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for March 2018
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Jensen Beach FL 34957 Residential Market Report March 2018

Palm City FL 34990 Residential Market Report March 2018

04.19.18 by

Palm City FL 34990 Residential Market Report March 2018

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

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

 There are currently 391 active listings (Decreased by 24 homes from February)

Palm City FL 34990 Residential Market Report March 2018

171 Residential sales are pending and awaiting close or lender approval. (Up by 27 homes from last month)

Palm City FL 34990 Residential Market Report March 2018

81 Homes Sold in February (Up by 26 homes from February)

Palm City FL 34990 Residential Market Report March 2018

The Palm City FL, zip code 34990 residential real estate market eboundedbig time for March with increased pending and closed sales.
The monthly absorption rate dropped to 4.8 months from 7.5 months in February.  Returning to a 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 March 2017 numbers were:  449 active listings, 165 pending sales, and 81 closed sales.  Very similar activity when compared to last March but with a smaller number of available homes for sale.

Palm City FL 34990 Residential Market Report March 2018

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Palm City FL 34990 Residential Market Report March 2018

Stuart FL 34997 Residential Market Report March 2018

04.17.18 by

Stuart FL 34997 Residential Market Report March 2018

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

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

There are currently 297 active listings (Decreased by 10 homes from February).

Stuart FL 34997 Residential Market Report March 2018

164 Residential sales are pending and awaiting close or lender approval (Increased by 9 homes from February).

Stuart FL 34997 Residential Market Report March 2018

92 Homes Sold in March (Increased by 27 homes from February)

Stuart FL 34997 Residential Market Report March 2018

      The Stuart Florida Residential Market for ZIP Code 34997 continues to show very strong sale activity.
     The absorption rate decreased to 3.2 months (was 4.7 months for February).  Into an even stronger seller’s market for the 34997 zip code area of Stuart for March 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 March, were: 332 active listings, 189 pending listings, and 94 closed sales.  Slightly greater activity last year but with a greater inventory of available homes for sale.
Stuart FL 34997 Residential Market Report March 2018

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Stuart FL 34997 Residential Market Report March 2018

Stuart FL 34996 Residential Market Report March 2018

04.13.18 by

Stuart FL 34996 Residential Market Report March 2018

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

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

There are currently 133 active listings (Increased by 3 homes from February).

Stuart FL 34996 Residential Market Report March 2018

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

Stuart FL 34996 Residential Market Report March 2018

29 Homes Sold in March (Up by 15 homes from February).

Stuart FL 34996 Residential Market Report March 2018

The 34996 zip code area of the Stuart Florida residential real estate market had a very strong increase in sales from last month though the pending sales numbers could be stronger.  We also could use a bit more inventory.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for March decreased slightly to 4.6 months as compared to February’s 9.3 months.  Once again, back into a seller’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 March of 2017 were: 167 active listings, 58 pending sales, and 36 closed sales.  Better activity in March of 2017 but with a larger available number of homes for sale.

Stuart FL 34996 Residential Market Report March 2018

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Stuart FL 34996 Residential Market Report March 2018

Stuart Florida 34994 Residential Market Report March 2018

04.11.18 by

Stuart Florida 34994 Residential Market Report March 2018

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

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

There are currently 75 active listings (Down by 6 homes from February)

Stuart Florida 34994 Residential Market Report March 2018

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

Stuart Florida 34994 Residential Market Report March 2018

27 Homes Sold in February (Increased by 14 homes from February)

Stuart Florida 34994 Residential Market Report March 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida lost a little inventory after two months of some gains.  Sales for the month were very strong while pending sales were down but still impressive.

The one-month absorption rate for the 34994 zip code for February plunged to 2.8 months from 6.2 months for February.  Into a very strong 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 March 2017 numbers were 69 Active Listings, 34 pending sales, and 15 closed sales.  One of the few areas of Martin County with increased inventory from last year.  Sales were also much better for this year.

Stuart Florida 34994 Residential Market Report March 2018

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Stuart Florida 34994 Residential Real Estate Market Report March 2018

Sewalls Point Single Family Market Report March 2018

04.10.18 by

Sewalls Point Single Family Market Report March 2018

Sewalls Point Real Estate Snapshot, Residential Sales for March 2018

 

There are currently 48 active listings (Down by 2 homes from last month)

Sewalls Point Single Family Market Report March 2018

16 home sales are pending and awaiting close or lender approval (Increased by 5 homes from February)

Sewalls Point Single Family Market Report March 2018

4 Homes sold in June (Increased by 1 homes sales from February)

Sewalls Point Single Family Market Report March 2018

The single-family real estate market in Sewalls Point showed increased activity when compared to last month but still has much room for improvement.  The inventory of available homes is now very low and affecting sales activity.

The absorption rate fell to 12 months, in February was 16.7 months.  Remaining in a buyer’s market for Sewalls Point single-family homes.  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 February 2016, the inventory was 66 homes on the market, 21 pending sales and there were 9 closed sales.  Better activity last March when there was a greater number of homes for sale.

Sewalls Point Single Family Market Report March 2018

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Sewalls Point Single Family Market Report March 2018

 

Hobe Sound FL 33455 Residential Market Report February 2018

03.30.18 by

Hobe Sound FL 33455 Residential Market Report February 2018

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

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

There are currently 207 active listings. (Increased by 14 homes from January)

Hobe Sound FL 33455 Residential Market Report February 2018

80 Residential sales are pending and awaiting close  (Up by 6 homes from January)

Hobe Sound FL 33455 Residential Market Report February 2018

41 Homes Sold in February (Up by 4 homes from last month)

Hobe Sound FL 33455 Residential Market Report February 2018

The Hobe Sound Florida Market Report ZIP Code 33455 continues with strong sales though a greater inventory of available homes for sale would be preferred.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 5.0 months ( It was 5.2 months in January).  Continuing as 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 February 2017 were:  233 active listings, 76 pending sales, and 50 closed sales.  Better closed sales volume last year but a greater number of pending sales for this February on all significantly lower number of available homes for sale.

Hobe Sound FL 33455 Residential Market Report February 2018

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Hobe Sound FL 33455 Residential Market Report February 2018

Jensen Beach FL 34957 Residential Market Report February 2018

03.28.18 by

Jensen Beach FL 34957 Residential Market Report February 2018

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

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

 There are currently 193 active listings. (Unchanged from last month)

Jensen Beach FL 34957 Residential Market Report February 2018

74 Residential sales are pending and awaiting close or lender approval. (Up by 5 homes from January)

Jensen Beach FL 34957 Residential Market Report February 2018

40 Homes Sold (Increased by 16 homes from January)

Jensen Beach FL 34957 Residential Market Report February 2018

The Jensen Beach FL 34957 Residential Market came back strong for februaryafter a somewhat lackluster beginning to 2018.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 4.8 months ( was 8.0 months in January).  Back into a seller’s market for Jensen Beach residential sales after a brief two months as a balanced and buyer’s market.   A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The February 2017 numbers were: 190 active listings, 96 pending sales, and 27 home sales closed.  Stronger sales volume this February but not quite as robust volume in the pending numbers.
Jensen Beach FL 34957 Residential Market Report February 2018
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Jensen Beach FL 34957 Residential Market Report February 2018

Palm City FL 34990 Residential Market Report February 2018

03.26.18 by

Palm City FL 34990 Residential Market Report February 2018

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

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

 There are currently 415 active listings (Decreased by 1 homes from January)

Palm City FL 34990 Residential Market Report February 2018

144 Residential sales are pending and awaiting close or lender approval. (Up by 31 homes from last month)

Palm City FL 34990 Residential Market Report February 2018

55 Homes Sold in January (Down by 7 homes from January)

Palm City FL 34990 Residential Market Report February 2018

The Palm City FL, zip code 34990 residential real estate market rebounded some from a slow January.  The large increase in pending sales this month should translate into greater closed sales numbers in the coming months.
The monthly absorption rate decreased to 7.5 months from 8.7 months in January.  Remaining in a buyer’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 February 2017 numbers were:  445 active listings, 135 pending sales, and 56 closed sales.  Better pending activity this year and similar closed sales on a reduced number of available Palm City homes for sale.

Palm City FL 34990 Residential Market Report February 2018

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Palm City FL 34990 Residential Market Report February 2018

Stuart Florida 34994 Residential Market Report February 2018

03.23.18 by

Stuart Florida 34994 Residential Market Report February 2018

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

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

There are currently 81 active listings (Down by 5 homes from January)

Stuart Florida 34994 Residential Market Report February 2018

41 Residential sales are pending and awaiting close or lender approval (Increased by 3 homes from last month).

Stuart Florida 34994 Residential Market Report February 2018

13 Homes Sold in January (Increased by 2 homes from January)

Stuart Florida 34994 Residential Market Report February 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida has gained inventory for two months in arow unlike most areas in Martin County.  Both sales and pending sales also increased.

The one-month absorption rate for the 34994 zip code for January dipped to 6.2 months from 7.8 months for January.  Returning to a balanced 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 February 2017 numbers were 68 Active Listings, 25 pending sales, and 10 closed sales.  One of the few areas of Martin County with increased inventory from last year along with better sales volume.

Stuart Florida 34994 Residential Market Report February 2018

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Stuart Florida 34994 Residential Real Estate Market Report February 2018

Stuart FL 34996 Residential Market Report February 2018

03.21.18 by

Stuart FL 34996 Residential Market Report February 2018

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

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

There are currently 130 active listings (Decreased by 16 homes from January).

Stuart FL 34996 Residential Market Report February 2018

56 Residential sales are pending and awaiting close or lender approval (Up by 19 homes from January).

Stuart FL 34996 Residential Market Report February 2018

14 Homes Sold in February (Down by 1 homes from January).

Stuart FL 34996 Residential Market Report February 2018

The 34996 zip code area of the Stuart Florida residential real estate went back to a shrinking inventory after a small increase last month.  There was a good jump in pending sales which should result in better closed activity in the coming months.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for February decreased slightly to 9.3 months as compared to January’s 9.7 months.  Still 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 February of 2017 were: 166 active listings, 61 pending sales, and 12 closed sales.  Slightly better closed sales numbers for this year on a reduced number of available homes for sale.

Stuart FL 34996 Residential Market Report February 2018

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Stuart FL 34996 Residential Market Report February 2018

Stuart FL 34997 Residential Market Report February 2018

03.19.18 by

Stuart FL 34997 Residential Market Report February 2018

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

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

There are currently 307 active listings (Increased by 15 homes from January).

Stuart FL 34997 Residential Market Report February 2018

155 Residential sales are pending and awaiting close or lender approval (Increased by 11 homes from January).

Stuart FL 34997 Residential Market Report February 2018

65 Homes Sold in February (Increased by 7 homes from January)

Stuart FL 34997 Residential Market Report February 2018

      The Stuart Florida Residential Market for ZIP Code 34997 showed improvement in all tracked metrics for this report.  Of note are two months of increased inventory which is good news for the market.
     The absorption rate decreased to 4.7 months (was 5.0 months for January).  Still in a seller’s market for the 34997 zip code area of Stuart for February 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 February, were: 343 active listings, 182 pending listings, and 74 closed sales.  Better activity last February but this was with a greater inventory of available homes for sale.
Stuart FL 34997 Residential Market Report February 2018

Are you interested in the value of your Stuart FL Home?
Click on this link and fill out the form for an accurate personal evaluation

Search here for 34997 Zip Code of Stuart FL real estate for sale

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

Stuart FL 34997 Residential Market Report February 2018