Palm City FL 34990 Residential Market Report August 2015

09.19.15 by

Palm City FL 34990 Residential Market Report August 2015

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

 

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

 

There are currently 355 active listings (Decreased by 8 homes from July)

Palm City FL 34990 Residential Market Report August 2015

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

Palm City FL 34990 Residential Market Report August 2015

74 Homes Sold in July (Increased by 3 sold homes from July)

Palm City FL 34990 Residential Market Report August 2015

After a very strong July, the Palm City FL 34990 residential real estate market continues to show strong sales activity while the inventory of available homes for sale continues to decrease.  Prices continue their steady march higher so we’ll see if this is enough of an incentive to make potential sellers put their homes on the market in the coming months.  Though, I don’t anticipate any large movement until the end of the holiday season.
 The current absorption rate decreased slightly to to 4.8  months from 5.1 months in July.  Still a sellers’ market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The August 2014 numbers were:  436 active listings, 145 pending sales and 76 closed sales.  Considering how much smaller inventory there is this year as compared to last, our market activity is better overall than it was in 2014.

Palm City FL 34990 Residential Market Report August 2015

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Palm City FL 34990 Residential Market Report August 2015

Stuart FL 34997 Condo Market Report August 2015

09.18.15 by

Stuart FL 34997 Condo Market Report August 2015

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

 

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

There are currently 46 active condo listings (Up by 8 condos from July).

Stuart FL 34997 Condo Market Report August 2015

18 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from July).

Stuart FL 34997 Condo Market Report August 2015

6 Condos Sold in August (Decreased by 4 condos from July).

Stuart FL 34997 Condo Market Report August 2015

The Stuart FL condo market for zip code 34997 slowed for the second month n a row.  While not totally unexpected as we head into the off season for condo sales, this was a fairly large decrease, especially when compared to the other zip codes we track for the Stuart condo market.
The one month absorption rate increased to 7.7 months from 3.8 months for July.  Big decrease into a buyers’ market.  Though I feel this will only be a temporary one.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The August 2014 numbers were: 55 active listings, 27 pending sales and 14 closed sales.   Better activity in 2014 for the 34997 zip code of Stuart for condo sales.

Stuart FL 34997 Condo Market Report August 2015

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

 

 

Stuart FL 34997 Residential Market Report August 2015

09.17.15 by

Stuart FL 34997 Residential Market Report August 2015

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

 

There are currently 247 active listings (Increased by 15 homes from July).

Stuart FL 34997 Residential Market Report August 2015

174 Residential sales are pending and awaiting close or lender approval (Decreased by 16 homes from July).

Stuart FL 34997 Residential Market Report August 2015

79 Homes Sold in August (Decreased by 4 homes from July)

Stuart FL 34997 Residential Market Report August 2015

      The Stuart Florida Residential Market for ZIP Code 34997 remains one of the strongest local markets.  The good news is that the inventory actually rose this month after many, many months of declines.  Activity did slow some, but this is still a super hot segment and still a sellers market.
     The current one month absorption rate increased to 3.1  months (was 2.8 months for July).  Remaining 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 August, were: 351 active listings, 171 pending listings and 95 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 August 2015

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Stuart FL 34997 Residential Market Report August 2015

 

Stuart FL 34996 Condo Market Report August 2015

09.16.15 by

Stuart FL 34996 Condo Market Report August 2015

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

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

There are currently 78 active condo listings (Down by 14 condos last month).

Stuart FL 34996 Condo Market Report August 2015

53 Condo sales are pending and awaiting close or lender approval (Increased by 11 condos from July).

Stuart FL 34996 Condo Market Report August 2015

20 Condos Sold in August (Increased by 4 condos from July) 

Stuart FL 34996 Condo Market Report August 2015

The Stuart FL 34996 Condo Market is bucking the trend for the off season with increased activity for August.  Both closed and pending sales increased while the level of inventory decreases to very low numbers.  This level of activity will be unsustainable if the inventory doesn’t rise soon.  This is good news for sellers as the prices continue to rise and demand seems to be strong.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 3.9 months from July’s 5.8 months.  Back into a strong sellers’ market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for August 2014 were: 149 active listings, 48 pending sales and 14 closed sales.  Pretty impressive activity this year, with better volume of both sales and pending sales at just about half the available inventory.

Stuart FL 34996 Condo Market Report August 2015

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Stuart FL 34996 Condo Market Report August 2015

Stuart FL 34996 Residential Market Report August 2015

09.15.15 by

Stuart FL 34996 Residential Market Report August 2015

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

 

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

 

There are currently 139 active listings (Up by 4 homes from July).

Stuart FL 34996 Residential Market Report August 2015

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

Stuart FL 34996 Residential Market Report August 2015

14 Homes Sold in August (Increased by 3 homes from July).

Stuart FL 34996 Residential Market Report August 2015

The 34996 zip code area of the Stuart Florida residential real estate market is slowly but surely making a come back to good activity.  While there’s still room for improvement, sales were up and pending sales are also strong for good potential future activity.

The one month absorption rate for the 34996 zip code area of Stuart Florida for August continued its decrease to 9.8 months as compared to July’s atrocious 12.3 months.  Still 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 August of 2014 were: 155 active listings, 28 pending sales and 13 closed sales.  Even with our current reduced inventory, sales activity was better for this year than last.

Stuart FL 34996 Residential Market Report August 2015

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Stuart FL 34996 Residential Market Report August 2015

Stuart FL 34994 Condo Market Report August 2015

09.14.15 by

Stuart FL 34994 Condo Market Report August 2015

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

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

 

There are currently 76 active condo listings (Down by 7 condos from July).

Stuart FL 34994 Condo Market Report August 2015

27 Condo sales are pending and awaiting close or lender approval. (Increased by 3 condos from last month) 

Stuart FL 34994 Condo Market Report August 2015

14 Condos Sold in August (Down by 6 condos from July).

Stuart FL 34994 Condo Market Report August 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.

The one month absorption rate increased to 5.4 months compared to last month’s 4.2.  Still in a seller’s market, but headed towards a balanced 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 August the numbers were 105 active listings, 40 pending sales, and 22 closed sales.  Higher volume of sales and inventory last year.

Stuart FL 34994 Condo Market Report August 2015

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

Sewalls Point Single Family Market Report August 2015

09.12.15 by

Sewalls Point Single Family Market Report August 2015

Sewalls Point Real Estate Snapshot, Residential Sales for August 2015

 

There are currently 59 active listings (Up by 1 homes since last month)

Sewalls Point Single Family Market Report August 2015

16 home sales are pending and awaiting close or lender approval (Increased by 4 homes from July)

Sewalls Point Single Family Market Report August 2015

3 Homes sold in August (Down by two sales from July)

Sewalls Point Single Family Market Report August 2015

The single family real estate market in Sewalls point continues to struggle, but with increased pending activity we may see a nice improvement in the coming season.  Prices are once again going up in this market and it seems that the days of the bargain may be approaching an end for now.

The current absorption rate jumped to 19.7 months, in July it was 11.6 months. A very strong buyers market. 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 August of 2014, the inventory was 41 homes on the market, 8 pending sales and there were 7 closed sales.  Considerably greater sales activity last year with less inventory.

Sewalls Point Single Family Market Report August 2015

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Sewalls Point Single Family Market Report August 2015

 

Hobe Sound FL 33455 Condo Market Report July 2015

08.22.15 by

Hobe Sound FL 33455 Condo Market Report July 2015

 

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

 

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

 

There are currently 3 active condo listings. (Down by 5 condos from June)

Hobe Sound FL 33455 Condo Market Report July 2015

6 Condos are pending and awaiting close. (Up by 4 condos from June)

Hobe Sound FL 33455 Condo Market Report July 2015

1 Condos sold in June (Decreased by 5 condos from June)

Hobe Sound FL 33455 Condo Market Report July 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  I may have to stop reporting on Hobe Sound condos if we don’t get more inventory in the next few months.  We are down now to only 3 active listings.  This is the lowest inventory I’ve ever seen in Hobe Sound or any other segment of the Martin County real estate market since we’ve been looking at the data.

The current absorption rate is 3 months (Last month it was 1.3 months). 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 July 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 July 2014 numbers were: 17 active listings, 4 pending sales and 2 closed sales.  Better closed activity last year, but we still have more pending sales this year.

Hobe Sound FL 33455 Condo Market Report July 2015

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Hobe Sound FL 33455 Condo Market Report July 2015

 

Hobe Sound FL 33455 Residential Market Report July 2015

08.21.15 by

Hobe Sound FL 33455 Residential Market Report July 2015

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

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

There are currently 163 active listings. (Up by 13 homes from June)

Hobe Sound FL 33455 Residential Market Report July 2015

90 Residential sales are pending and awaiting close  (Down by 29 homes from June)

Hobe Sound FL 33455 Residential Market Report July 2015

55 Homes Sold in July (Down by 6 homes from last month)

Hobe Sound FL 33455 Residential Market Report July 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County remains very strong.  Both sales and pending sales retreated a bit from last month, but still remain very strong.  The inventory took a slight increase from last month.  This is a much needed statistic that will hopefully continue in the months ahead.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 3 months (2.5 months in June).  Still a strong seller’s market for the Hobe Sound area of Martin County.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for July 2014 were:  237 active listings, 80 pending sales and 51 closed sales.  Even with the significantly smaller inventory, sales activity is better than last year.

Hobe Sound FL 33455 Residential Market Report July 2015

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Hobe Sound FL 33455 Residential Market Report July 2015

Jensen Beach FL 34957 Condo Market Report July 2015

08.20.15 by

Jensen Beach FL 34957 Condo Market Report July 2015

 

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

 

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



There are currently 25 active listings. (Decreased by 6 condos from June)

Jensen Beach FL 34957 Condo Market Report July 2015

13 Condo sales are pending and awaiting settlement. (Increased by 2 condos from June)

Jensen Beach FL 34957 Condo Market Report July 2015

3 Condos Sold (Decreased by 2 condos from June)

Jensen Beach FL 34957 Condo Market Report July 2015

 The Jensen Beach FL 34957 Condo Market Report July 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  Activity has been dropping in the Jensen Beach condo market.  Some of this decrease is due to the very low inventory levels we presently have and the rest due to the fact that summer is a slow season for our condo market.

The one month absorption rate for the July 2015, Jensen Beach Florida Market Report ZIP Code 34957 rose to 8.3  months (from 6.2 months in June), back into a buyer’s market after many, many months of being a seller’s market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The July 2014 numbers were: 30 active listings, 13 pending sales and 1 condos closed.  Slightly better closed numbers this year.

Jensen Beach FL 34957 Condo Market Report July 2015

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Jensen Beach FL 34957 Condo Market Report July 2015

Jensen Beach FL 34957 Residential Market Report July 2015

08.19.15 by

Jensen Beach FL 34957 Residential Market Report July 2015

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

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

 There are currently 108 active listings. (Down by 11 homes from last month)

Jensen Beach FL 34957 Residential Market Report July 2015

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

Jensen Beach FL 34957 Residential Market Report July 2015

35 Homes Sold (Decreased by 11 homes from June)

Jensen Beach FL 34957 Residential Market Report July 2015

The Jensen Beach FL 34957 Residential Market eased a little for July in sales activity.  Though it remains quite strong and we wouldn’t mind seeing a bit more inventory come on the market to make this activity a bit more sustainable for the future..  The Jensen Beach residential sales activity remains among the strongest of the County.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 3.1 months (was 2.6 months in June).  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 July 2014 numbers were: 104 active listings, 76 pending sales and 29 home sales closed.   One of our few areas in Martin County where the inventory this year exceeds last year’s.  Market activity for 2015 is also much better than last year.
Jensen Beach FL 34957 Residential Market Report July 2015

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Jensen Beach FL 34957 Residential Market Report July 2015

Palm City FL 34990 Condo Market Report July 2015

08.18.15 by

Palm City FL 34990 Condo Market Report July 2015

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

 

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



There are currently 60 active condo listings. (Up by 9 condos from June)

Palm City FL 34990 Condo Market Report July 2015

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

Palm City FL 34990 Condo Market Report July 2015

6 Condos Sold in July. (Down by 2 condos from June)

Palm City FL 34990 Condo Market Report July 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  It’s good to see a rebound in the inventory, though unfortunately both closed and pending sales were off this month.  Not unexpected as the condo market often slows down during the summer season.

The current absorption rate for condos in the 34990 zip code area declined to 10 months (was 6.4 months in August).   Back into a buyer’s market after last month’s balanced 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 July 2014 numbers were: 59 active listings, 6 pending sales and 1 closed sales.   Even though July was slower than June, it is still much better activity than for last July.
Palm City FL 34990 Condo Market Report July 2015

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Palm City FL 34990 Condo Market Report July 2015

Palm City FL 34990 Residential Market Report July 2015

08.17.15 by

Palm City FL 34990 Residential Market Report July 2015

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

 

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


There are currently 363 active listings (Increased by 5 homes from June)

Palm City FL 34990 Residential Market Report July 2015

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

Palm City FL 34990 Residential Market Report July 2015

71 Homes Sold in June (Decreased by 57 sold homes from June)

Palm City FL 34990 Residential Market Report July 2015

After a very strong June, the Palm City FL 34990 residential real estate market eased a bit for July.  Though still excellent activity and one that is far more sustainable for the future.  Of interest, is the small rise in inventory.  Hopefully this will continue for the coming months.
 The current absorption rate jumped up to 5.1 months from 2.8 months in June.  Still a slight sellers’ market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The July 2014 numbers were:  432 active listings, 148 pending sales and 73 closed sales.  Better pending sales and almost identical closed sales with a considerably reduced inventory.  Makes 2015 a better market than last year for Palm City.

Palm City FL 34990 Residential Market Report July 2015

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Palm City FL 34990 Residential Market Report July 2015

Stuart FL 34997 Condo Market Report July 2015

08.16.15 by

Stuart FL 34997 Condo Market Report July 2015

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

 

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

There are currently 38 active condo listings (Up by 3 condos from June).

Stuart FL 34997 Condo Market Report July 2015

12 Condo sales are pending and awaiting close or lender approval (Decreased by 7 condos from June).

Stuart FL 34997 Condo Market Report July 2015

10 Condos Sold in July (Decreased by 7 condos from June).

Stuart FL 34997 Condo Market Report July 2015

The Stuart FL condo market for zip code 34997 showed reduced closed and pending sales.  This was expected as we head into the slower summer months and also with such a low amount of available condos currently for sale.
The one month absorption rate increased to 3.8 months from 2 months for June.  Continuing as a strong seller’s market for now, though as we get into summer I expect this extreme market to ease up a bit.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The July 2014 numbers were: 61 active listings, 28 pending sales and 21 closed sales.   Our sales numbers are down compared to last year, but our inventory is only a little half of what it was last year as well.

Stuart FL 34997 Condo Market Report July 2015

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

 

 

Stuart FL 34997 Residential Market Report July 2015

08.15.15 by

Stuart FL 34997 Residential Market Report July 2015

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

 

There are currently 232 active listings (Decreased by 25 homes from June).

Stuart FL 34997 Residential Market Report July 2015

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

Stuart FL 34997 Residential Market Report July 2015

83 Homes Sold in July (Decreased by 30 homes from June)

Stuart FL 34997 Residential Market Report July 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues as the best performing segment of the Stuart residential market.  Both closed and pending sales are doing well, though as the inventory shrinks, the sales volume can’t keep up with the torrid pace set from last month.
     The current one month absorption rate increased to 2.8  months (was 2.3 months for June).  Remaining 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 July, were: 362 active listings, 189 pending listings and 78 closed sales.  Even with an inventory that is over 33% less than last year, closed and pending sales are still better for 2015.  Our strongest local market.
Stuart FL 34997 Residential Market Report July 2015

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Stuart FL 34997 Residential Market Report July 2015

 

Stuart FL 34996 Condo Market Report July 2015

08.14.15 by

Stuart FL 34996 Condo Market Report July 2015

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

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

There are currently 92 active condo listings (Down by 10 condos last month).

Stuart FL 34996 Condo Market Report July 2015

42 Condo sales are pending and awaiting close or lender approval (Increased by 16 condos from June).

Stuart FL 34996 Condo Market Report July 2015

16 Condos Sold in July (Decreased by 10 condos from June) 

Stuart FL 34996 Condo Market Report July 2015

The Stuart FL 34996 Condo Market moderated a bit for July.  Closed sales were down from the previous month and unfortunately the inventory continues to drop.  Surprisingly there was a large jump in pending sales which is a good indication for continued strong activity for the remainder of the summer..

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 5.8 months from June’s 3.9 months.  Drifting close to a balanced market for July.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for July 2014 were: 143 active listings, 45 pending sales and 11 closed sales.  Better activity this year even though our inventory is significantly lower than it was in July of 2014.

Stuart FL 34996 Condo Market Report July 2015

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Stuart FL 34996 Condo Market Report July 2015

Stuart FL 34996 Residential Market Report July 2015

08.13.15 by

Stuart FL 34996 Residential Market Report July 2015

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

 

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

 

There are currently 135 active listings (Down by 1 homes from June).

1 active

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

Stuart FL 34996 Residential Market Report July 2015

11 Homes Sold in July (Increased by 3 homes from June).

Stuart FL 34996 Residential Market Report July 2015

The 34996 zip code area of the Stuart Florida residential real estate market continues to struggle, though it improved from June’s very poor showing.  Unfortunately pending sales were off considerably this month.  This could be a sign of continued weak activity for the near future.

The one month absorption rate for the 34996 zip code area of Stuart Florida for July dropped to 12.3 months as compared to June’s atrocious 17 months.  Still 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 July of 2014 were: 169 active listings, 32 pending sales and 21 closed sales.  Considerably weaker activity this year as compared to July of 2014.

Stuart FL 34996 Residential Market Report July 2015

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Stuart FL 34996 Residential Market Report July 2015

Stuart FL 34994 Condo Market Report July 2015

08.12.15 by

Stuart FL 34994 Condo Market Report July 2015

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

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

 

There are currently 83 active condo listings (Unchanged from June).

Stuart FL 34994 Condo Market Report July 2015

24 Condo sales are pending and awaiting close or lender approval. (Decreased by 10 condo from last month) 

Stuart FL 34994 Condo Market Report July 2015

20 Condos Sold in July (Down by 3 condos from June).

Stuart FL 34994 Condo Market Report July 2015

The Stuart FL 34994 Condo market showed strong activity for July 2015.  Inventory didn’t go down this month, which is really the only positive as sales slowed for the month.  Though still an active market especially since we are well into the slower months for condo sales.

The one month absorption rate increased to 4.2 months compared to last month’s 3.6.  Continuing as a seller’s 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 July the numbers were 118 active listings, 40 pending sales, and 25 closed sales. For the 34994 zip code area of Stuart there was considerably greater activity in 2014, though the inventory was quite a bit larger as well.

Stuart FL 34994 Condo Market Report July 2015

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

Sewalls Point Single Family Market Report July 2015

08.10.15 by

Sewalls Point Single Family Market Report July 2015

Sewalls Point Real Estate Snapshot, Residential Sales for July 2015

 

There are currently 58 active listings (Decreased by 3 homes since last month)

Sewalls Point Single Family Market Report July 2015

12 home sales are pending and awaiting close or lender approval (Down by 3 homes from June)

Sewalls Point Single Family Market Report July 2015

5 Homes sold in July (Up by two sales from June)

Sewalls Point Single Family Market Report July 2015

The Sewalls Point single family homes market continues to face some challenging volume of sales, though there were some excellent closings on the higher end of the market for June.  Also, a nice decrease in inventory will bring back some activity for the near future to Sewalls Point.

The current absorption rate dropped to 11.6 months, in June it was 20.3 months. Still plenty of room for improvement.  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 of 2014, the inventory was 48 homes on the market, 13 pending sales and there were 5 closed sales.  Other than a larger inventory, last years sales activity is almost identical to this year.

Sewalls Point Single Family Market Report July 2015

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Sewalls Point Single Family Market Report July 2015

 

Hobe Sound FL 33455 Condo Market Report June 2015

07.22.15 by

Hobe Sound FL 33455 Condo Market Report June 2015

 

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

 

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

 

There are currently 8 active condo listings. (Down by 1 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2015

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

Hobe Sound FL 33455 Condo Market Report June 2015

6 Condos sold in May (Increased by 5 condos from May)

Hobe Sound FL 33455 Condo Market Report June 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 8 active listings in Hobe Sound for June.  So not much in the way of expectations for the immediate future until more condos come on the market for sale.

The current absorption rate is 1.3 months (Last month it was 8 months). 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 June 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 June 2014 numbers were: 18 active listings, 4 pending sales and 2 closed sales.  Hardly any available condos for sale in Hobe Sound but still better volume of sales this year as compared to last.

Hobe Sound FL 33455 Condo Market Report June 2015

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Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report June 2015