Palm City FL 34990 Residential Market Report March 2015

04.17.15 by

Palm City FL 34990 Residential Market Report March 2015

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

 

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


There are currently 435 active listings (Decreased by 15 homes from February)

Palm City FL 34990 Residential Market Report March 2015

  188 Residential sales are pending and awaiting close or lender approval. (Increased by 24 homes from last month)

Palm City FL 34990 Residential Market Report March 2015

68 Homes Sold in February (Increased by 13 sold homes from February)

Palm City FL 34990 Residential Market Report March 2015

The Palm City FL 34990 residential real estate rebounded for March with some strong gains in both pending and closed sales.  Unfortunately, a decrease in inventory bringing us below last years levels.
 The current absorption rate dropped to 6.4 months from 8.2 months in February. Back into a balanced buyer’s market for Palm City residential real estate market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The March 2013 numbers were:  440 active listings, 169 pending sales and 48 closed sales.  Considerably stronger activity for 2015 than as compared to last year, which started out fairly slow after a very heated 2013.

Palm City FL 34990 Residential Market Report March 2015

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Palm City FL 34990 Residential Market Report March 2015

Stuart FL 34997 Condo Market Report March 2015

04.15.15 by

Stuart FL 34997 Condo Market Report March 2015

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

 

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

There are currently 43 active condo listings (Down by 1 condo from February).

Stuart FL 34997 Condo Market Report March 2015

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

Stuart FL 34997 Condo Market Report March 2015

15 Condos Sold in March (Increased by 2 condos from February).

Stuart FL 34997 Condo Market Report March 2015

The Stuart FL condo market for zip code 34997 is showing very strong sales activity.  Unfortunately the available inventory of condos for sale is now very low and will impact future sales.  For this month, both closed and pending sales activity increased.
The one month absorption rate is now a very striking 2.9 months after last months amazing 3.4 month rate.  Continuing as an extreme seller’s market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The March 2013 numbers were: 90 active listings, 45 pending sales and 10 closed sales.   Strong activity as compared to last year, but with less than half of the available inventory of condos for sale in this zip code.

Stuart FL 34997 Condo Market Report March 2015

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

 

 

Stuart FL 34997 Condo Market Report March 2015

04.15.15 by

Stuart FL 34997 Condo Market Report March 2015

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

 

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

There are currently 43 active condo listings (Down by 1 condo from February).

Stuart FL 34997 Condo Market Report March 2015

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

Stuart FL 34997 Condo Market Report March 2015

15 Condos Sold in March (Increased by 2 condos from February).

Stuart FL 34997 Condo Market Report March 2015

The Stuart FL condo market for zip code 34997 is showing very strong sales activity.  Unfortunately the available inventory of condos for sale is now very low and will impact future sales.  For this month, both closed and pending sales activity increased.
The one month absorption rate is now a very striking 2.9 months after last months amazing 3.4 month rate.  Continuing as an extreme seller’s market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The March 2013 numbers were: 90 active listings, 45 pending sales and 10 closed sales.   Strong activity as compared to last year, but with less than half of the available inventory of condos for sale in this zip code.

Stuart FL 34997 Condo Market Report March 2015

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

 

 

Stuart FL 34997 Residential Market Report March 2015

04.14.15 by

Stuart FL 34997 Residential Market Report March 2015

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

 

There are currently 351 active listings (Decreased by 21 homes from February).

Stuart FL 34997 Residential Market Report March 2015

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

Stuart FL 34997 Residential Market Report March 2015

87 Homes Sold in March (Increased by 15 homes from February)

Stuart FL 34997 Residential Market Report March 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market.  The inventory gain we had in February has now been erased for March.  Solid increases in both pending and closed sales.
     The current one month absorption rate increased to 4  months (was 5.2 months for February).  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 2013 numbers for March, were: 416 active listings, 192 pending listings and 98 closed sales.  Considering the reduced inventory from last year, better activity for 2015.
Stuart FL 34997 Residential Market Report March 2015

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Stuart FL 34997 Residential Market Report March 2015

 

Stuart FL 34996 Condo Market Report March 2015

04.13.15 by

Stuart FL 34996 Condo Market Report March 2015

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

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

There are currently 110 active condo listings (Down by 12 condos from last month).

Stuart FL 34996 Condo Market Report March 2015

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

Stuart FL 34996 Condo Market Report March 2015

36 Condos Sold in March (Increased by 11 condos from February) 

Stuart FL 34996 Condo Market Report March 2015

The Stuart FL 34996 Condo Market was very strong for March.  This is the height of our condo season for those purchasing second home getaways from the cold and snowy conditions up north as well as those moving here permanently for a more relaxed and convenient Florida lifestyle.  Sales and pending sales both increased and remained strong.  Unfortunately our inventory is down to historically low levels.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 3.1 months from February’s 4.9 months .  Moving to a pretty extreme sellers’ market for March.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for March 2013 were: 150 active listings, 55 pending sales and 34 closed sales.  Even with close to 30% less inventory, there was better sales and pending activity for this year as opposed to March 2014.

Stuart FL 34996 Condo Market Report March 2015

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Stuart FL 34996 Condo Market Report March 2015

Stuart FL 34996 Residential Market Report March 2015

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Stuart FL 34996 Residential Market Report March 2015

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

 

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

 

There are currently 166 active listings (Up by 8 homes from February).

Stuart FL 34996 Residential Market Report March 2015

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

Stuart FL 34996 Residential Market Report March 2015

21 Homes Sold in March (Increased by 9 homes from February).

Stuart FL 34996 Residential Market Report March 2015

The 34996 zip code area of the Stuart Florida residential real estate market continues to show improvement from a fairly anemic beginning of the year for 2015, though there’s still more room for improvement.   Increase closed sales as well as inventory, along with a small decrease in pending sales for March.

The one month absorption rate for the 34996 zip code area of Stuart Florida for March decreased to 7.9 months as compared to February’s 13.2 months.  Still a buyers’ market, though the trend is towards a balanced market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for March of 2013 were: 162 active listings, 47 pending sales and 15 closed sales.  We experienced more  closed sales  this year, but the pending (future) sales activity was better last year.

Stuart FL 34996 Residential Market Report March 2015

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Stuart FL 34996 Residential Market Report March 2015

Stuart FL 34994 Condo Market Report March 2015

04.10.15 by

Stuart FL 34994 Condo Market Report March 2015

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

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

 

There are currently 95 active condo listings (Same number of condos from February).

Stuart FL 34994 Condo Market Report March 2015

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

Stuart FL 34994 Condo Market Report March 2015

19 Condos Sold in March (Up by 7 condos from February).

Stuart FL 34994 Condo Market Report March 2015

The Stuart FL 34994 Condo market showed strong activity for March 2015.  The inventory remained stable while pending sales also remained similar, though very strong.  Closed sales were up.

The one month absorption rate decreased to 5 months compared to last month’s 7.9.  Back into 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 March the numbers were 111 active listings, 55 pending sales, and 13 closed sales.  Considerably less inventory for this year compared to 2014, but closed sales are greater this year, while pending sales are lower.

Stuart FL 34994 Condo Market Report March 2015

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

Sewalls Point Single Family Market Report March 2015

04.08.15 by

Sewalls Point Single Family Market Report March 2015

Sewalls Point Real Estate Snapshot, Residential Sales for March 2015

 

There are currently 72 active listings (Increased by 4 homes since last month)

Sewalls Point Single Family Market Report March 2015

17 home sales are pending and awaiting close or lender approval (Up by 9 homes from February)

Sewalls Point Single Family Market Report March 2015

3 Homes sold in March (Unchanged from February)

Sewalls Point Single Family Market Report March 2015

The Sewalls Point single family homes market activity continues to have some difficulties, though there is some glimmer of better activity to come with a large increase in pending sales for this month.  Closed sales remained unchanged and the inventory was up by four homes.

The current absorption rate rose to 24 months, in February it was 22.7 months.  Sewalls Point single family home sales remain in an extreme buyers market for March.  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 of 2013, the inventory was 61 homes on the market, 17 pending sales and there were 4 closed sales.  Very similar sales activity as compared to last year, but with greater inventory this year.

Sewalls Point Single Family Market Report March 2015

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Sewalls Point Single Family Market Report March 2015

 

Hobe Sound FL 33455 Condo Market Report February 2015

03.22.15 by

Hobe Sound FL 33455 Condo Market Report February 2015

 

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

 

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

 

There are currently 19 active condo listings. (Up by 2 condos from January)

Hobe Sound FL 33455 Condo Market Report February 2015

5 Condo sale is pending and awaiting close. (Up by 2 condos from January)

Hobe Sound FL 33455 Condo Market Report February 2015

3 Condos sold in January (Unchanged from January)

Hobe Sound FL 33455 Condo Market Report February 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory rose for February for the third month in a row.  A welcome sight.   Pending sales also rose while closed sales remained unchanged.

The current absorption rate is 6.3 months (Last month it was 5.7 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 February not indicate 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 February 2014 numbers were: 23 active listings, 3 pending sales and 3 closed sales.  Similar activity to last year.

Hobe Sound FL 33455 Condo Market Report February 2015

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Hobe Sound FL 33455 Condo Market Report February 2015

 

Hobe Sound FL 33455 Residential Market Report February 2015

03.21.15 by

Hobe Sound FL 33455 Residential Market Report February 2015

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

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

There are currently 250 active listings. (Up by 19 homes from January)

Hobe Sound FL 33455 Residential Market Report February 2015

98 Residential sales are pending and awaiting close  (Up by 31 homes from January)

Hobe Sound FL 33455 Residential Market Report February 2015

35 Homes Sold in February (Up by 2 homes from last month)

Hobe Sound FL 33455 Residential Market Report February 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County showed some improvement for February after a somewhat slower start for the year.  The largest jump was in pending sales which should result in some very strong sales activity in the next month or two.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased slightly to 7.1 months (7 months in January).  Just a little shy of a balanced market for Hobe Sound.  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 2013 were:  289 active listings, 98 pending sales and 26 closed sales.   Considerably better activity with the lower number of active homes available on the market.

Hobe Sound FL 33455 Residential Market Report February 2015

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Hobe Sound FL 33455 Residential Market Report February 2015

Jensen Beach FL 34957 Condo Market Report February 2015

03.20.15 by

Jensen Beach FL 34957 Condo Market Report February 2015

 

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

 

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



There are currently 40 active listings. (Unchanged from January)

Jensen Beach FL 34957 Condo Market Report February 2015

14 Condo sales are pending and awaiting settlement. (Decreased by 5 condos from January)

Jensen Beach FL 34957 Condo Market Report February 2015

9 Condos Sold (No change from January)

Jensen Beach FL 34957 Condo Market Report February 2015

 The Jensen Beach FL 34957 Condo Market Report February 2015 remains a small sector as far as condos in Martin County.  Market activity for February remained almost identical to January with the exception of a decrease in pending sales, which may negatively effect closed sales in the coming months.

The one month absorption rate for the February 2015, Jensen Beach Florida Market Report ZIP Code 34957 remained unchanged at 4.4 months (also 4.4 months in January).  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The February 2014 numbers were: 27 active listings, 20 pending sales and 6 condos closed.  Better activity this year, but also increased inventory, though still very low.

Jensen Beach FL 34957 Condo Market Report February 2015

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Jensen Beach FL 34957 Condo Market Report February 2015

Jensen Beach FL 34957 Residential Market Report February 2015

03.19.15 by

Jensen Beach FL 34957 Residential Market Report February 2015

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

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

 There are currently 146 active listings. (Down by 7 homes from last month)

Jensen Beach FL 34957 Residential Market Report February 2015

85 Residential sales are pending and awaiting close or lender approval. (Up by 20 homes from January)

Jensen Beach FL 34957 Residential Market Report February 2015

26 Homes Sold (Decreased by 2 homes from January)

Jensen Beach FL 34957 Residential Market Report February 2015

The Jensen Beach FL 34957 Residential Market continues to show good strong activity with a strong increase in pending sales for this month and a slight drop in closed sales.  The available inventory also took a slight decrease.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased slightly to 5.6 months (was 5.5 months in January).  Still in a sellers market for Jensen Beach home sales.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The February 2013 numbers were: 144 active listings, 82 pending sales and 26 home sales closed.   Almost identical activity to last year’s February numbers.
Jensen Beach FL 34957 Residential Market Report February 2015

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Jensen Beach FL 34957 Residential Market Report February 2015

Palm City FL 34990 Condo Market Report February 2015

03.18.15 by

Palm City FL 34990 Condo Market Report February 2015

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

 

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



There are currently 54 active condo listings. (Down by 5 condos from January)

Palm City FL 34990 Condo Market Report February 2015

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

Palm City FL 34990 Condo Market Report February 2015

4 Condos Sold in February. (Up by 1 condo from January)

Palm City FL 34990 Condo Market Report February 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Sales for Palm City condos were up slightly for February, as were pending sales.  Our active inventory is currently less than last year’s.

The current absorption rate for condos in the 34990 zip code area is 13.5 months (was 19.7 months in August).   An improvement from last month, but still have a ways to go for a 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 February 2013 numbers were: 63 active listings, 6 pending sales and 6 closed sales.   Better activity last year, though only slightly and there was greater inventory.
 Palm City FL 34990 Condo Market Report February 2015

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Palm City FL 34990 Condo Market Report February 2015

Palm City FL 34990 Residential Market Report February 2015

03.17.15 by

Palm City FL 34990 Residential Market Report February 2015

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

 

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


There are currently 450 active listings (Increased by 7 homes from January)

Palm City FL 34990 Residential Market Report February 2015

  164 Residential sales are pending and awaiting close or lender approval. (Increased by 6 homes from last month)

Palm City FL 34990 Residential Market Report February 2015

55 Homes Sold in January (No change in sold homes from January)

Palm City FL 34990 Residential Market Report February 2015

The Palm City FL 34990 residential real estate continued with some fairly sluggish sold numbers while pending sales remain quite strong, so I’m anticipating a return to a more balanced market soon.  The inventory also rose for the second month in a row, giving buyers more choices of homes.
 The current absorption rate jumped to 8.2 months from 8.1 months in January. The second month in a row of a buyer’s market for Palm City residential real estate.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The February 2013 numbers were:  472 active listings, 131 pending sales and 49 closed sales.  Better activity for 2015 than as compared to last year, which started out fairly slow after a very heated 2013.

Palm City FL 34990 Residential Market Report February 2015

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Palm City FL 34990 Residential Market Report February 2015

Stuart FL 34997 Condo Market Report February 2015

03.15.15 by

Stuart FL 34997 Condo Market Report February 2015

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

 

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

There are currently 44 active condo listings (Unchanged from January).

Stuart FL 34997 Condo Market Report February 2015

25 Condo sales are pending and awaiting close or lender approval (Increased by 8 condos from January).

Stuart FL 34997 Condo Market Report February 2015

13 Condos Sold in February (Increased by 2 condos from January).

Stuart FL 34997 Condo Market Report February 2015

The Stuart FL condo market for zip code 34997 continues to show very strong activity while inventory levels remain at uncomfortably low levels.  For February 2015, both closed and pending sales saw increase.
The one month absorption rate dropped again to 3.4 months after last months amazing 4 month rate.  Continuing as an extreme seller’s market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The February 2013 numbers were: 91 active listings, 37 pending sales and 9 closed sales.   We have less than half of last years’ condo inventory for the 34997 zip code area of Stuart FL.  Yest activity is almost as robust as last year.  This is a very strong market for sellers and prices are being driven up by demand while there’s little supply.

Stuart FL 34997 Condo Market Report February 2015

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

 

 

Stuart FL 34997 Residential Market Report February 2015

03.14.15 by

Stuart FL 34997 Residential Market Report February 2015

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

 

There are currently 373 active listings (Increased by 25 homes from January).

Stuart FL 34997 Residential Market Report February 2015

202 Residential sales are pending and awaiting close or lender approval (Increased by 4 homes from January).

Stuart FL 34997 Residential Market Report February 2015

72 Homes Sold in February (Decreased by 4 homes from January)

Stuart FL 34997 Residential Market Report February 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market.  We had a significant increase in inventory for February, though still under last years level.  Continued strong pending and closed numbers even if slightly off from last month.
     The current one month absorption rate increased to 5.2  months (was 4.6 months for January).  Still a sellers 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 2013 numbers for February, were: 424 active listings, 184 pending listings and 63 closed sales.  For the first two months of 2015, activity has been superior to last year.
Stuart FL 34997 Residential Market Report February 2015

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Stuart FL 34997 Residential Market Report February 2015

 

Stuart FL 34996 Condo Market Report February 2015

03.13.15 by

Stuart FL 34996 Condo Market Report February 2015

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

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

There are currently 122 active condo listings (Down by 3 condos from last month).

Stuart FL 34996 Condo Market Report February 2015

60 Condo sales are pending and awaiting close or lender approval (Decreased by 2 condos from January).

Stuart FL 34996 Condo Market Report February 2015

25 Condos Sold in February (Increased by 2 condos from January) 

Stuart FL 34996 Condo Market Report February 2015

The Stuart FL 34996 Condo Market continues to show strong results for 2015.  My biggest concern is the continued decrease in inventory from last year.  This is somewhat surprising as prices are going up and I would have thought more condo owners would be listing during our peak season.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 4.9 months from January’s 5.4 months .  Moving to an even stronger sellers’ market for February.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for February 2013 were: 171 active listings, 52 pending sales and 30 closed sales.  When the decreased inventory for this year is factored into the data, the sales activity is better this year by percentage of available condos.

Stuart FL 34996 Condo Market Report February 2015

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Stuart FL 34996 Condo Market Report February 2015

Stuart FL 34996 Residential Market Report February 2015

03.12.15 by

Stuart FL 34996 Residential Market Report February 2015

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

 

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

 

There are currently 158 active listings (Down by 2 homes from January).

Stuart FL 34996 Residential Market Report February 2015

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

Stuart FL 34996 Residential Market Report February 2015

12 Homes Sold in February (Increased by 5 homes from January).

Stuart FL 34996 Residential Market Report February 2015

The 34996 zip code area of the Stuart Florida residential real estate market rebounded a bit from a very poor start in January, though there’s still more room for improvement.   Increase closed sales along with a small decrease in pending sales and inventory for February.

The one month absorption rate for the 34996 zip code area of Stuart Florida for February increased to 13.2 months as compared to January’s 22.9 months.  A huge buyers’ market, though I suspect this will be a short time phenomenon.  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 2013 were: 152 active listings, 40 pending sales and 6 closed sales.  Very similar activity to Feb. 2014.  No significant differences other than double the number of closed sales.

Stuart FL 34996 Residential Market Report February 2015

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Stuart FL 34996 Residential Market Report February 2015

Stuart FL 34994 Condo Market Report February 2015

03.11.15 by

Stuart FL 34994 Condo Market Report February 2015

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

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

 

There are currently 95 active condo listings (Down by 16 condos from January).

Stuart FL 34994 Condo Market Report February 2015

45 Condo sales are pending and awaiting close or lender approval. (Increased by 10 condos from last month) 

Stuart FL 34994 Condo Market Report February 2015

12 Condos Sold in February (Up by 3 condos from January).

Stuart FL 34994 Condo Market Report February 2015

The Stuart FL 34994 Condo market showed some excellent activity for February.   Inventory declined and both pending and closed sales showed improvements.

The one month absorption rate increased to 7.9 months compared to last month’s 12.3.  Still a buyer’s market but getting closer to a balanced one. 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 February the numbers were 130 active listings, 40 pending sales, and 17 closed sales.  Considerably less inventory for this year compared to 2014, but activity is still on a pra with last years numbers.

Stuart FL 34994 Condo Market Report February 2015

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

Sewalls Point Single Family Market Report February 2015

03.09.15 by

Sewalls Point Single Family Market Report February 2015

Sewalls Point Real Estate Snapshot, Residential Sales for February 2015

 

There are currently 68 active listings (Increased by 10 homes since last month)

Sewalls Point Single Family Market Report February 2015

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

Sewalls Point Single Family Market Report February 2015

3 Homes sold in February (Unchanged from January)

Sewalls Point Single Family Market Report February 2015

The Sewalls Point single family homes market activity continues to have some difficulties. The inventory rose by 10 homes this month while pending sales were off and another month with only three sales.

The current absorption rate is 22.7 months, in January it was 19.3 months.  Sewalls Point single family home sales remain in an extreme buyers market for February.  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 of 2013, the inventory was 55 homes on the market, 17 pending sales and there were 2 closed sales.  Last year saw fewer sales in February, but much better pending activity.

Sewalls Point Single Family Market Report February 2015

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Sewalls Point Single Family Market Report February 2015