Stuart FL 34996 Residential Market Report October 2015

11.12.15 by

Stuart FL 34996 Residential Market Report October 2015

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for October 2015

For October 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 161 active listings (Up by 25 homes from September).

Stuart FL 34996 Residential Market Report October 2015

17 Residential sales are pending and awaiting close or lender approval (Down by 10 homes from September).

Stuart FL 34996 Residential Market Report October 2015

12 Homes Sold in October (Unchanged from September).

Stuart FL 34996 Residential Market Report October 2015

The 34996 zip code area of the Stuart Florida residential real estate market had a surprising jump in inventory for October.  While this should be good news for buyers as there is a better selection of available homes, the corresponding increase in sales activity has not yet materialized.

The one month absorption rate for the 34996 zip code area of Stuart Florida for October continued to slide up to 13.4 months as compared to September’s 11.3 months.  A strong buyers market for this section of Martin County.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for October of 2014 were: 156 active listings, 32 pending sales and 11 closed sales.  While closed sales were close to last year, the reduced number of pending sales this year is a bit troubling.

Stuart FL 34996 Residential Market Report October 2015

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Stuart FL 34996 Residential Market Report October 2015

Stuart FL 34994 Condo Market Report October 2015

11.11.15 by

Stuart FL 34994 Condo Market Report October 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for October 2015

For October 2015 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 87 active condo listings (Up by 16 condos from September).

Stuart FL 34994 Condo Market Report October 2015

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

Stuart FL 34994 Condo Market Report October 2015

15 Condos Sold in October (Up by 4 condos from September).

Stuart FL 34994 Condo Market Report October 2015

The Stuart FL 34994 Condo market while still active is showing reduced activity as we head into the off season.  Though remaining in a good and steady balanced market vicinity.

The one month absorption rate increased to 5.8 months compared to last month’s 6.5.   Continuing to hover in the balanced market area.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last October the numbers were 94 active listings, 31 pending sales, and 16 closed sales.   Slightly stronger activity last year.  Though the greater inventory is probably a large factor in this.

Stuart FL 34994 Condo Market Report October 2015

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Stuart Florida Market Report ZIP Code 34994 – Condo, October 2015

Sewalls Point Single Family Market Report October 2015

11.09.15 by

Sewalls Point Single Family Market Report October 2015

Sewalls Point Real Estate Snapshot, Residential Sales for October 2015

 

There are currently 62 active listings (Up by 8 homes since last month)

Sewalls Point Single Family Market Report October 2015

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

Sewalls Point Single Family Market Report October 2015

8 Homes sold in October (Up by 3 sales from September)

Sewalls Point Single Family Market Report October 2015

The single family real estate market in Sewalls Point has shown some steady improvement in the past three months and if this trend continues we may very well find this market to be in balance fairly soon.

The current absorption rate dropped to 7.8 months, in September it was 10.8 months. Still a buyers market for Sewalls Point but has been improving steadily for the past three months.  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 of 2014, the inventory was 45 homes on the market, 8 pending sales and there were 2 closed sales.  Considerably better activity this year for the Sewalls Point single family home market.

Sewalls Point Single Family Market Report October 2015

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Sewalls Point Single Family Market Report October 2015

 

Hobe Sound FL 33455 Condo Market Report September 2015

10.20.15 by

Hobe Sound FL 33455 Condo Market Report September 2015

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for September 2015

 

For September 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 2 active condo listings. (Unchanged from August)

Hobe Sound FL 33455 Condo Market Report September 2015

4 Condos are pending and awaiting close. (Down by 3 condos from August)

Hobe Sound FL 33455 Condo Market Report September 2015

2 Condos sold in August (Decreased by 1 condos from August)

Hobe Sound FL 33455 Condo Market Report September 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  We remain with only 2 active listings in the Hobe Sound.  It’s pretty incredible that there is as much activity as there is.

The current absorption rate is 1 months (Last month it was .67 months).  This absorption rate should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that may not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The September 2014 numbers were: 19 active listings, 1 pending sales and 2 closed sales.  Considering there are only 2 active listings this year 1/9th of what was available last year and we still have similar activity is pretty amazing.

Hobe Sound FL 33455 Condo Market Report September 2015

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Hobe Sound FL 33455 Condo Market Report September 2015

 

Hobe Sound FL 33455 Residential Market Report September 2015

10.19.15 by

Hobe Sound FL 33455 Residential Market Report September 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for September 2015

  For September 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 162 active listings. (Up by 13 homes from August)

Hobe Sound FL 33455 Residential Market Report September 2015

89 Residential sales are pending and awaiting close  (Up by 5 homes from August)

Hobe Sound FL 33455 Residential Market Report September 2015

32 Homes Sold in September (Down by 2 homes from last month)

Hobe Sound FL 33455 Residential Market Report September 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to show very strong activity.  It is good to see a small increase in inventory for September, though we still remain quite far below historical averages.  Both pending and closed sales remain quite strong as we head into our typically slower sales months.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 5.1 months (4.4 months in August).  Still a sellers’ market for Hobe Sound, though edging closer to a healthier balanced market.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for September 2014 were:  250 active listings, 74 pending sales and 25 closed sales. Considerably stronger activity this year even with a much reduced inventory.

Hobe Sound FL 33455 Residential Market Report September 2015

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Hobe Sound FL 33455 Residential Market Report September 2015

Jensen Beach FL 34957 Condo Market Report September 2015

10.18.15 by

Jensen Beach FL 34957 Condo Market Report September 2015

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for September 2015

 

For September 2015 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 22 active listings. (Decreased by 6 condos from August)

Jensen Beach FL 34957 Condo Market Report September 2015

12 Condo sales are pending and awaiting settlement. (Down by 1 condo from August)

Jensen Beach FL 34957 Condo Market Report September 2015

6 Condos Sold (Increased by 1 condos from August)

Jensen Beach FL 34957 Condo Market Report September 2015

 The Jensen Beach FL 34957 Condo Market Report September 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  Activity remains remarkably strong in Jensen Beach condos even though the inventory is now very, very low.  As we head into the slower months (historically), I’m hoping to see some more product come on the market.

The one month absorption rate for the September 2015, Jensen Beach Florida Market Report ZIP Code 34957 dropped to 3.7  months (from 4.4 months in August), even a stronger sellers’ market than last month.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The September 2014 numbers were: 34 active listings, 8 pending sales and 10 condos closed.  Better closed numbers from last year, though pending sales are better this year.

Jensen Beach FL 34957 Condo Market Report September 2015

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Jensen Beach FL 34957 Condo Market Report September 2015

Jensen Beach FL 34957 Residential Market Report September 2015

10.17.15 by

Jensen Beach FL 34957 Residential Market Report September 2015

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for September 2015

 For September 2015 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 119 active listings. (Up by 11 homes from last month)

Jensen Beach FL 34957 Residential Market Report September 2015

61 Residential sales are pending and awaiting close or lender approval. (Down by 16 homes from August)

Jensen Beach FL 34957 Residential Market Report September 2015

31 Homes Sold (Increased by 1 homes from August)

Jensen Beach FL 34957 Residential Market Report September 2015

The Jensen Beach FL 34957 Residential Market remains quite strong.  This is one of the few areas in our County with increased inventory from last year.  Pending sales were off from month to month as well as last year, but closed sales have remained very strong.  And, prices continue to go up.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased slightly to 3.8 months (was 3.9 months in August).  Remaining in a strong sellers market for Jensen Beach residential home sales.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The September 2014 numbers were: 112 active listings, 74 pending sales and 39 home sales closed.   Better activity last year, but this is still a strong market favoring sellers.
Jensen Beach FL 34957 Residential Market Report September 2015

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Jensen Beach FL 34957 Residential Market Report September 2015

Palm City FL 34990 Condo Market Report September 2015

10.16.15 by

Palm City FL 34990 Condo Market Report September 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for September 2015

 

For September 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 52 active condo listings. (No change in active condos from August)

Palm City FL 34990 Condo Market Report September 2015

8 Condo sales are pending and awaiting close or lender approval. (No change in pending condos from last month)

Palm City FL 34990 Condo Market Report September 2015

3 Condos Sold in September. (Down by 1 condos from August)

Palm City FL 34990 Condo Market Report September 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Very little change month to month for the Palm City condo market.  One less sale and everything else remained unchanged.

The current absorption rate for condos in the 34990 zip code area jumped to 17.3 months (was 13 months in September).   Even greater buyer’s market than last month. A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The September 2014 numbers were: 60 active listings, 4 pending sales and 0 closed sales.   Better activity this year for condos in Palm City.
Palm City FL 34990 Condo Market Report September 2015

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Palm City FL 34990 Condo Market Report September 2015

Palm City FL 34990 Residential Market Report September 2015

10.15.15 by

Palm City FL 34990 Residential Market Report September 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for September 2015

 

For September 2015 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 365 active listings (Increased by 10 homes from August)

Palm City FL 34990 Residential Market Report September 2015

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

Palm City FL 34990 Residential Market Report September 2015

60 Homes Sold in August (Decreased by 14 sold homes from August)

Palm City FL 34990 Residential Market Report September 2015

After a very strong August, the Palm City FL 34990 residential real estate market continues to show excellent sales activity. Also nice to see an increase in inventory for this month. This could be a result of the continuing fairly strong gains in prices in the past two years.
 The current absorption rate increased slightly to to 6 months from 4.8 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 2014 numbers were:  433 active listings, 120 pending sales and 70 closed sales.  Better closed numbers last year, but even with the reduced inventory there is a greater number of pending sales for this year.

Palm City FL 34990 Residential Market Report September 2015

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Palm City FL 34990 Residential Market Report September 2015

Stuart FL 34997 Condo Market Report September 2015

10.14.15 by

Stuart FL 34997 Condo Market Report September 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2015

 

For September 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 52 active condo listings (Up by 6 condos from August).

Stuart FL 34997 Condo Market Report September 2015

19 Condo sales are pending and awaiting close or lender approval (Increased by 1 condos from August).

Stuart FL 34997 Condo Market Report September 2015

8 Condos Sold in September (Increased by 2 condos from August).

Stuart FL 34997 Condo Market Report September 2015

The Stuart FL condo market for zip code 34997 showed positive results for September after two months of fairly slow activity.  Our inventory rose for the second month in a row and we also had small gains i both pending and closed sales.
The one month absorption rate decreased to 6.5 months from 7.7 months for August.  Back into a balanced market after last months first slip to a buyers market in over a year.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The September 2014 numbers were: 60 active listings, 30 pending sales and 9 closed sales.   Much better pending activity last year.  Hopefully as the season approaches we will see some greater activity this year.

Stuart FL 34997 Condo Market Report September 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2015

 

 

Stuart FL 34997 Residential Market Report September 2015

10.13.15 by

Stuart FL 34997 Residential Market Report September 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for September 2015

 

There are currently 277 active listings (Increased by 30 homes from August).

Stuart FL 34997 Residential Market Report September 2015

174 Residential sales are pending and awaiting close or lender approval (Increased by 19 homes from August).

Stuart FL 34997 Residential Market Report September 2015

81 Homes Sold in September (Increased by 2 homes from August)

Stuart FL 34997 Residential Market Report September 2015

      The Stuart Florida Residential Market for ZIP Code 34997 remains one of the strongest local markets.  For September we had a very welcome increase in inventory that should help maintain strong sales numbers for the foreseeable future.
     The current one month absorption rate increased slightly to 3.4  months (was 3.1 months for August).  Most of this increase is due to the stronger inventory numbers and we still remain in a very strong seller’s market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for September, were: 351 active listings, 154 pending listings and 87 closed sales.  With the reduced inventory of this year, we are starting to fall behind as compared to last year’s inventory.
Stuart FL 34997 Residential Market Report September 2015

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Stuart FL 34997 Residential Market Report September 2015

 

Stuart FL 34996 Condo Market Report September 2015

10.12.15 by

Stuart FL 34996 Condo Market Report September 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for September 2015

For September 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 76 active condo listings (Down by 2 condos last month).

Stuart FL 34996 Condo Market Report September 2015

41 Condo sales are pending and awaiting close or lender approval (Decreased by 12 condos from August).

Stuart FL 34996 Condo Market Report September 2015

29 Condos Sold in September (Increased by 9 condos from August) 

Stuart FL 34996 Condo Market Report September 2015

The Stuart FL 34996 Condo Market is bucking the trend for the off season with increased activity for September.  As we head into the off season for condo sales, this segment of the Stuart condo market has seen some very strong activity, though the greatly reduced active inventory is cause for some serious concern.  This will impact future numbers if we don’t see more units come on the market soon.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 plunged to 2.6 months from August’s 3.9 months.  Continuing as a very strong sellers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for September 2014 were: 147 active listings, 37 pending sales and 28 closed sales.  Stronger activity this year as compared to last with significantly less inventory.

Stuart FL 34996 Condo Market Report September 2015

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Stuart FL 34996 Condo Market Report September 2015

Stuart FL 34996 Residential Market Report September 2015

10.11.15 by

Stuart FL 34996 Residential Market Report September 2015

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for September 2015

 

For September 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 136 active listings (Down by 3 homes from August).

Stuart FL 34996 Residential Market Report September 2015

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

Stuart FL 34996 Residential Market Report September 2015

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

Stuart FL 34996 Residential Market Report September 2015

The 34996 zip code area of the Stuart Florida residential real estate market continues to struggle a bit, especially when compared to the neighboring zip codes.  There are many luxury properties in this area and it’s not uncommon for these to take a bit longer to sell than the more modestly priced homes in other areas.

The one month absorption rate for the 34996 zip code area of Stuart Florida for September continued its decrease to 11.3 months as compared to August’s atrocious 9.8 months.  A strong buyers market for this section of Martin County.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for September of 2014 were: 155 active listings, 32 pending sales and 7 closed sales.  Sales volume and activity while not robust for the 34996 zip code area continues to outperform last years numbers.

Stuart FL 34996 Residential Market Report September 2015

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Stuart FL 34996 Residential Market Report September 2015

Stuart FL 34994 Condo Market Report September 2015

10.10.15 by

Stuart FL 34994 Condo Market Report September 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for September 2015

For September 2015 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 71 active condo listings (Down by 5 condos from August).

Stuart FL 34994 Condo Market Report September 2015

35 Condo sales are pending and awaiting close or lender approval. (Increased by 8 condos from last month) 

Stuart FL 34994 Condo Market Report September 2015

11 Condos Sold in September (Down by 3 condos from August).

Stuart FL 34994 Condo Market Report September 2015

The Stuart FL 34994 Condo market while still active is showing reduced activity as we head into the off season.  The low inventory levels is quite apparent and I’m hoping this will reverse in the coming months or at latest by early next year.  Though even with the low inventory, pending sales increased for the month indicating better closed activity for the near future.

The one month absorption rate increased to 6.5 months compared to last month’s 5.4.  Slipping into a balanced market for the 34994 Stuart zip code condo area after many months of being a strong sellers market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last September the numbers were 95 active listings, 42 pending sales, and 20 closed sales.   Better activity last year.  Though the greater inventory is probably a large factor in this.

Stuart FL 34994 Condo Market Report September 2015

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Stuart Florida Market Report ZIP Code 34994 – Condo, September 2015

Sewalls Point Single Family Market Report September 2015

10.08.15 by

Sewalls Point Single Family Market Report September 2015

Sewalls Point Real Estate Snapshot, Residential Sales for September 2015

 

There are currently 54 active listings (Down by 5 homes since last month)

Sewalls Point Single Family Market Report September 2015

15 home sales are pending and awaiting close or lender approval (Decreased by 1 homes from August)

Sewalls Point Single Family Market Report September 2015

5 Homes sold in September (Up by two sales from August)

Sewalls Point Single Family Market Report September 2015

The single family real estate market in Sewalls point continues to struggle, though there was some improvement for this month as compared to the last few reporting periods.  Sales appear to be picking up in Sewalls Point and at a good price point for both buyers and sellers.

The current absorption rate dropped to 10.8 months, in August it was 19.7 months. Still a buyers market for Sewalls Point. With pending sales rising, this may be an excellent time for buyers to take advantage of the Sewalls Point residential market.  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 of 2014, the inventory was 45 homes on the market, 7 pending sales and there were no closed sales.  Better activity this year for the Sewalls Point single family home market.

Sewalls Point Single Family Market Report September 2015

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Sewalls Point Single Family Market Report September 2015

 

Hobe Sound FL 33455 Condo Market Report August 2015

09.24.15 by

Hobe Sound FL 33455 Condo Market Report August 2015

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for August 2015

 

For August 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 2 active condo listings. (Down by 1 condos from July)

Hobe Sound FL 33455 Condo Market Report August 2015

4 Condos are pending and awaiting close. (Down by 2 condos from July)

Hobe Sound FL 33455 Condo Market Report August 2015

3 Condos sold in July (Increased by 2 condos from July)

Hobe Sound FL 33455 Condo Market Report August 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  We are down to only 2 active listings in the Hobe Sound.  Never before so low in modern times.  Yet, the sales and pending activity continue to be quite robust for the available units.

The current absorption rate is .67 months (Last month it was 3 months).  A first for us as I have never seen an absorption rate under one month in Martin County.  The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that August not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The August 2014 numbers were: 18 active listings, 1 pending sales and 2 closed sales.  Amazing that the activity is so much better this year with almost no inventory to speak of.

Hobe Sound FL 33455 Condo Market Report August 2015

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Hobe Sound FL 33455 Condo Market Report August 2015

 

Hobe Sound FL 33455 Residential Market Report August 2015

09.23.15 by

Hobe Sound FL 33455 Residential Market Report August 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for August 2015

  For August 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 149 active listings. (Down by 14 homes from July)

Hobe Sound FL 33455 Residential Market Report August 2015

84 Residential sales are pending and awaiting close  (Down by 6 homes from July)

Hobe Sound FL 33455 Residential Market Report August 2015

34 Homes Sold in August (Down by 21 homes from last month)

Hobe Sound FL 33455 Residential Market Report August 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County remains very strong even if activity has eased a bit for the past couple of months.  Of great concern to me is the greatly reduced inventory of available Hobe Sound homes for sale.  Buyers have a limited choice of available homes.  Anyone considering a move in the near future in Hobe Sound, please give me a call as you have some quite exciting options.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 4.4 months (3 months in July).  Hobe Sound is still a seller’s market as we slow in activity for the off-season.  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 2014 were:  242 active listings, 60 pending sales and 49 closed sales.  Better closed activity last year while our pending sales are better for this year.  All this with an inventory that is almost half of last year.  Quite impressive!

Hobe Sound FL 33455 Residential Market Report August 2015

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Hobe Sound FL 33455 Residential Market Report August 2015

Jensen Beach FL 34957 Condo Market Report August 2015

09.22.15 by

Jensen Beach FL 34957 Condo Market Report August 2015

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for August 2015

 

For August 2015 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 22 active listings. (Decreased by 3 condos from July)

Jensen Beach FL 34957 Condo Market Report August 2015

13 Condo sales are pending and awaiting settlement. (Unchanged from July)

Jensen Beach FL 34957 Condo Market Report August 2015

5 Condos Sold (Increased by 2 condos from July)

Jensen Beach FL 34957 Condo Market Report August 2015

Jensen Beach FL 34957 Condo Market Report August 2015

 The Jensen Beach FL 34957 Condo Market Report August 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  Inventory levels are now at historic lows and unless we get some more condos on the market, I suspect this will be a quiet fall and early winter for the Jensen Beach condo market.

The one month absorption rate for the August 2015, Jensen Beach Florida Market Report ZIP Code 34957 plunged to 4.4  months (from 8.3 months in July), back into a sellers’ market after after a one month buyers’ market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The August 2014 numbers were: 26 active listings, 16 pending sales and 3 condos closed.  Better closed numbers for this year, though pending sales were better last year.

Jensen Beach FL 34957 Condo Market Report August 2015

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Jensen Beach FL 34957 Condo Market Report August 2015

Jensen Beach FL 34957 Residential Market Report August 2015

09.21.15 by

Jensen Beach FL 34957 Residential Market Report August 2015

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for August 2015

 For August 2015 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 108 active listings. (Up by 9 homes from last month)

Jensen Beach FL 34957 Residential Market Report August 2015

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

Jensen Beach FL 34957 Residential Market Report August 2015

30 Homes Sold (Decreased by 5 homes from July)

Jensen Beach FL 34957 Residential Market Report August 2015

The Jensen Beach FL 34957 Residential Market eased for the second month in a row, yet this is still very much of a sellers market.  We’ve had two months of increasing inventory which is good news for buyers and the general health of this market.  Going into the holiday months, I expect sales activity to decrease until we get into our next season.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 3.9 months (was 3.1 months in July).  Remaining in a strong sellers market for Jensen Beach residential home sales.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The August 2014 numbers were: 104 active listings, 74 pending sales and 29 home sales closed.   Much less pending activity as compared to last year and similar closed activity.  Inventory is greater this year which is very unusual for our market at this time.
Jensen Beach FL 34957 Residential Market Report August 2015

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Jensen Beach FL 34957 Residential Market Report August 2015

Palm City FL 34990 Condo Market Report August 2015

09.20.15 by

Palm City FL 34990 Condo Market Report August 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for August 2015

 

For August 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 52 active condo listings. (Down by 8 condos from July)

Palm City FL 34990 Condo Market Report August 2015

8 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condos from last month)

Palm City FL 34990 Condo Market Report August 2015

4 Condos Sold in August. (Down by 2 condos from July)

Palm City FL 34990 Condo Market Report August 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Last month’s rebound in the inventory was wiped out in August.  So we’re back to small numbers of available condos, though that didn;t do very much for the number of closed sales which was off for the month.

The current absorption rate for condos in the 34990 zip code area jumped to 13 months (was 10 months in August).   Now a strong buyer’s market. A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The August 2014 numbers were: 60 active listings, 4 pending sales and 4 closed sales.   Very similar activity levels as compared to last year with the exception of double the number of pending sales this year.
Palm City FL 34990 Condo Market Report August 2015

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Palm City FL 34990 Condo Market Report August 2015