Jensen Beach FL 34957 Residential Market Report October 2014

11.22.14 by

Jensen Beach FL 34957 Residential Market Report October 2014

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for October 2014

 

 For October 2014 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 125 active listings. (Up by 13 homes from last month)

Jensen Beach FL 34957 Residential Market Report October 2014

 

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

Jensen Beach FL 34957 Residential Market Report October 2014

 

22 Homes Sold (Decreased by 17 homes from September)

Jensen Beach FL 34957 Residential Market Report October 2014

 

The Jensen Beach FL 34957 Residential Market Report finally slowed from its very active summer activity for October.  The inventory rose and both pending and closed sales were off for this month.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 5.7 months (was 2.9 months in September).  Still 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 October 2013 numbers were: 127 active listings, 75 pending sales and 17 home sales closed.  better closed activity for this year, but not quite as good in the pending sales department.
 Jensen Beach FL 34957 Residential Market Report October 2014
 
 

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Jensen Beach FL 34957 Residential Market Report October 2014

Palm City FL 34990 Condo Market Report October 2014

11.21.14 by

Palm City FL 34990 Condo Market Report October 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2014

 

For October 2014 in the 34990 Zip Code area of Palm City, Florida :



There are currently 58 active condo listings. (Down by 2 condos from September)

Palm City FL 34990 Condo Market Report October 2014

9 Condo sales are pending and awaiting close or lender approval. (Increased by 5 condos from last month)

Palm City FL 34990 Condo Market Report October 2014

3 Condos Sold in October. (Up by 3 condos from September)

Palm City FL 34990 Condo Market Report October 2014 

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  After zero sales in September, there was a nice little rebound for this month with 3 closed sales along with an increase in pending sales.

The current absorption rate for condos in the 34990 zip code area is 19.3 months (was 15 months in August).   A good time to buy if one is interested in the his area.  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 October 2013 numbers were: 59 active listings, 6 pending sales and 4 closed sales.   Very similar activity when compared to last year.
Palm City FL 34990 Condo Market Report October 2014 
 

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Palm City FL 34990 Condo Market Report October 2014

Palm City FL 34990 Residential Market Report October 2014

11.20.14 by

Palm City FL 34990 Residential Market Report October 2014

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for October 2014

 

For September 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 455 active listings (Increased by 22 homes from September)

Palm City FL 34990 Residential Market Report October 2014

 

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

Palm City FL 34990 Residential Market Report October 2014

 

58 Homes Sold in September (Down by 12 homes from September)

Palm City FL 34990 Residential Market Report October 2014

 

The Palm City FL 34990 residential real estate market showed weaker closed sales for October, much like the rest of Martin County.  Inventory took a nice little jump and pending sales remained up, but closed sales were off.
 
 The current absorption rate increased to 7.8 months from 6.2 months in September, moving the Palm City residential real estate market back into a buyers market after a long time of being in a sellers market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The October 2013 numbers were:  416 active listings, 144 pending sales and 54 closed sales.  Inventory is up from last year as are closed sales (although only slightly). Unfortunately pending sales are off.

Palm City FL 34990 Residential Market Report October 2014

 

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Palm City FL 34990 Residential Market Report October 2014

Stuart FL 34997 Condo Market Report October 2014

11.19.14 by

Stuart FL 34997 Condo Market Report October 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2014

 

For October 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 58 active condo listings (Down by 2 condos from September).

Stuart FL 34997 Condo Market Report October 2014

20 Condo sales are pending and awaiting close or lender approval (Decreased by 10 condos from September).

Stuart FL 34997 Condo Market Report October 2014

21 Condos Sold in October (Increased by 12 condos from September).

Stuart FL 34997 Condo Market Report October 2014

The Stuart FL condo market for zip code 34997 continues with strong activity for October of 2014.  Closed sales increased by more than 50% from last month.  Unfortunately, pending sales were off, while the inventory too a small drop.

The one month absorption rate dove to 2.8  months from last months 6.7.  Back into a sellers market after last months balanced 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 October 2013 numbers were: 91 active listings, 17 pending sales and 19 closed sales.  Even with the considerably lower inventory, this segment of the Stuart condo market is markedly outperforming last year’s activity.

Stuart FL 34997 Condo Market Report October 2014

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2014

 

 

Stuart FL 34997 Residential Market Report October 2014

11.18.14 by

Stuart FL 34997 Residential Market Report October 2014

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2014

 

There are currently 368 active listings (Increased by 17 homes from September).

Stuart FL 34997 Residential Market Report October 2014

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

Stuart FL 34997 Residential Market Report October 2014

81 Homes Sold in October (Decreased by 6 homes from September)

Stuart FL 34997 Residential Market Report October 2014

      The Stuart Florida Residential Market for ZIP Code 34997 has been one of the hottest areas for Martin County residential sales.  For October of 2014, activity has moderated a bit from the past few very strong months, but is still very active.   Both pending and closed sales were off and the inventory rose.
 
     The current one month absorption rate increased to 4.5  months (was 4 months for September).  A hot 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 October, were: 381 active listings, 171 pending listings and 62 closed sales.  Better closed activity this year, though pending sales are not as strong as last years numbers.  Inventory is also lower.
Stuart FL 34997 Residential Market Report October 2014 
 
 

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Stuart FL 34997 Residential Market Report October 2014

Stuart FL 34996 Condo Market Report October 2014

11.17.14 by

Stuart FL 34996 Condo Market Report October 2014

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for October 2014

For October 2014 in the 34996 Zip Code area of Stuart, Florida :

There are currently 152 active condo listings (Up by 5 condos from last month).

Stuart FL 34996 Condo Market Report October 2014

50 Condo sales are pending and awaiting close or lender approval (Increased by 13 condos from September).

Stuart FL 34996 Condo Market Report October 2014

 

15 Condos Sold in October (Decreased by 13 condos from September) 

Stuart FL 34996 Condo Market Report October 2014

The Stuart FL 34996 Condo Market demonstrated a weaker October 2014.  Closed sales took a big dive, fortunately pending sales were up and interestingly this segment saw a rise in inventory.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 10.1 months from September’s 5.25 months .  Back into a buyers market after last months strong activity.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for October 2013 were: 171 active listings, 32 pending sales and 22 closed sales.  Inventory is still considerably under last years levels and sales are also lower.  The bright note is the increase in pending sales which should result in greater sales numbers in the near future.

Stuart FL 34996 Condo Market Report October 2014

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Stuart FL 34996 Condo Market Report October 2014

Stuart FL 34996 Residential Market Report October 2014

11.16.14 by

Stuart FL 34996 Residential Market Report October 2014

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for October 2014

 

For October 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 156 active listings (Up by 1 home from September).

Stuart FL 34996 Residential Market Report October 2014

32 Residential sales are pending and awaiting close or lender approval (Unchanged from September).

Stuart FL 34996 Residential Market Report October 2014

11 Homes Sold in October (Increased by 4 homes from September).

Stuart FL 34996 Residential Market Report October 2014

The 34996 zip code area of the Stuart Florida residential real estate market remains a bit weak, though with a slight improvement from last month.  Closed sales were up while both inventory and pending sales were steady.

The one month absorption rate for the 34996 zip code area of Stuart Florida for October increased to 14.2 months as compared to September’s 22 months.  A strong buyers market.  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 2013 were: 129 active listings, 27 pending sales and 13 closed sales.  There’s increased inventory from last year and also a greater number of pending sales, unfortunately fewer closed sales.

Stuart FL 34996 Residential Market Report October 2014

 

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Stuart FL 34996 Residential Market Report October 2014

Stuart FL 34994 Condo Market Report October 2014

11.15.14 by

Stuart FL 34994 Condo Market Report October 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for October 2014

For October, 2013 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 94 active condo listings (Down by 1 condos from September).

Stuart FL 34994 Condo Market Report October 2014

31 Condo sales are pending and awaiting close or lender approval. (Down by 11 condos from last month) 

Stuart FL 34994 Condo Market Report October 2014

16 Condos Sold in October (Down by 4 condos from September).

Stuart FL 34994 Condo Market Report October 2014

The Stuart FL 34994 Condo market eased a bit for October, though still having strong activity.  Both pending and closed sales were down from last month, with the inventory basically unchanged.

The one month absorption rate remained basically unchanged at 5.9  months compared to last month’s 4.75.  Still a slight 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 October the numbers were 121 active listings, 43 pending sales, and 14 closed sales.  Our inventory is significantly lower from last year, yet sales continue to be better.  Pending sales are lower.

Stuart FL 34994 Condo Market Report October 2014

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Stuart Florida Market Report ZIP Code 34994 – Condo, October 2014

Sewalls Point Single Family Market Report October 2014

11.13.14 by

Sewalls Point Single Family Market Report October 2014

Sewalls Point Real Estate Snapshot, Residential Sales for October 2014

 

There are currently 45 active listings (Unchanged from September)

Sewalls Point Single Family Market Report October 2014

 

8 Residential sales are pending and awaiting close or lender approval (Up by 1 home from last month)

Sewalls Point Single Family Market Report October 2014

 

2 Homes sold in October (Increased by 2 homes from September)

Sewalls Point Single Family Market Report October 2014

 

The Sewalls Point single family homes market activity for October 2014 had two closed sales after nothing last month.  While this is an improvement, it’s still no very good.  Inventory was steady and pending sales rose by 1 home.

The current absorption rate is 22.5 months, in August it was 5.6 months.  This is an extreme buyers market for October.  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 2013, the inventory was 47 homes on the market, 7 pending sales and there were 5 closed sales.  Better closed activity last year, though with similar pending activity, we may see some improvement in the coming months.

Sewalls Point Single Family Market Report October 2014 

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Sewalls Point Single Family Market Report October 2014

 

Hobe Sound FL 33455 Condo Market Report September 2014

10.19.14 by

Hobe Sound FL 33455 Condo Market Report September 2014

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for September 2014

 

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

 

There are currently 19 active condo listings. (Up by 1 condo from August)

Hobe Sound FL 33455 Condo Market Report September 2014

1 Condo sale is pending and awaiting close. (Down 3 condos from August)

 

2 Condos sold in August (Unchanged from August)Hobe Sound FL 33455 Condo Market Report September 2014

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. There are now no pending sales in the Hobe Sound for September. Not a good sign for future activity. Active listings increased by one and closed sales remained at 2 units.

The current absorption rate is 9.5 months (Last month it was 9 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 September 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 September 2013 numbers were: 14 active listings, 3 pending sales and 6 closed sales. A considerably weaker market for Hobe Sound condos this year when compared to last year.

Hobe Sound FL 33455 Condo Market Report September 2014

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Hobe Sound FL 33455 Condo Market Report September 2014

 

Hobe Sound FL 33455 Residential Market Report September 2014

10.18.14 by

Hobe Sound FL 33455 Residential Market Report September 2014

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for September 2014

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

There are currently 250 active listings. (Up by 8 homes from August)

Hobe Sound FL 33455 Residential Market Report September 2014

 

74 Residential sales are pending and awaiting close  (Increased by 14 homes from August)

Hobe Sound FL 33455 Residential Market Report September 2014

25 Homes Sold in September (Down by 24 homes from last month)

Hobe Sound FL 33455 Residential Market Report September 2014

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County for September had a much weaker month with closed sales almost dropping by half.  The silver lining is that pending sales as well as the inventory of available homes was up, indicating good future activity in the coming months.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 10 months (4.6 months in August).  Back into a buyers market for Hobe Sound, after over a year of being in a sellers market. I don’t expect this to continue though, and we should be back closer to a balanced or even a sellers market again next month.  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 2013 were:  245 active listings, 69 pending sales and 49 closed sales.   Considerably worse closed sales activity as compared to last year.

Hobe Sound FL 33455 Residential Market Report September 2014

 

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Hobe Sound FL 33455 Residential Market Report September 2014

Jensen Beach FL 34957 Condo Market Report September 2014

10.17.14 by

Jensen Beach FL 34957 Condo Market Report September 2014

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for September 2014

 

For September 2014 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 34 active listings. (Up by 8 condos from August)

Jensen Beach FL 34957 Condo Market Report September 2014

8 Condo sales are pending and awaiting close or lender approval. (Decreased by 8 condos from August)

Jensen Beach FL 34957 Condo Market Report September 2014

10 Condos Sold (Up by 7 condo from August)

Jensen Beach FL 34957 Condo Market Report September 2014

 The Jensen Beach FL 34957 Condo Market Report September 2014 remains a small sector as far as condos in Martin County. After three months of decreased inventory, we finally had an increase for September.  Pensing sales were off for the month, but we had an excellent increase in closed sales.

The one month absorption rate for the September 2014, Jensen Beach Florida Market Report ZIP Code 34957 plunged to  3.4 months (8.7 months in August), now a strong sellers market after a couple of weak summer months.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The September 2013 numbers were: 35 active listings, 17 pending sales and 5 condos closed.   Better activity this year, but the smaller number of pending sales is of concern.

Jensen Beach FL 34957 Condo Market Report September 2014

 

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Jensen Beach FL 34957 Condo Market Report September 2014

Jensen Beach FL 34957 Residential Market Report September 2014

10.16.14 by

Jensen Beach FL 34957 Residential Market Report September 2014

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for September 2014

 

 For September 2014 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 112 active listings. (Up by 8 homes from last month)

Jensen Beach FL 34957 Residential Market Report September 2014

 

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

Jensen Beach FL 34957 Residential Market Report September 2014

 

39 Homes Sold (Increased by 10 homes from August)

Jensen Beach FL 34957 Residential Market Report September 2014

 

The Jensen Beach FL 34957 Residential Market Report had continued strong activity from August to September.  Unfortunately the pending sales decreased for the month which may be an indication of some slower sales in the coming months.  Nice increases in both active listings and closed sales.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 2.9 months (was 3.6 months in August).  A very strong 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 September 2013 numbers were: 124 active listings, 69 pending sales and 28 home sales closed.  Better activity this year.  Especially when considering the reduced inventory.  The Jensen Beach residential real estate market remains the most active in Martin County.
 
Jensen Beach FL 34957 Residential Market Report September 2014 
 

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Jensen Beach FL 34957 Residential Market Report September 2014

Palm City FL 34990 Condo Market Report September 2014

10.15.14 by

Palm City FL 34990 Condo Market Report September 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for September 2014

 

For September 2014 in the 34990 Zip Code area of Palm City, Florida :



There are currently 60 active condo listings. (Up by 1 condo from August)

Palm City FL 34990 Condo Market Report September 2014

4 Condo sales are pending and awaiting close or lender approval. (Decreased by 2 condos from last month)

Palm City FL 34990 Condo Market Report September 2014

0 Condos Sold in September. (Down by 4 condos from August)

 

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Unfortunately it is having a difficult time at present and the past few months.  There were no closed sales this month and only 2 condos are pending.  It looks like it will be some time before we see an improvement for the Palm City condo market.

The current absorption rate for condos in the 34990 zip code area can’t be determined with zero sales (was 15 months in August).   A good time to buy if one is interested in the his area.  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 2013 numbers were: 55 active listings, 8 pending sales and 5 closed sales.   One of our few areas with activity levels below that of last year.
 

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Palm City FL 34990 Condo Market Report September 2014

Palm City FL 34990 Residential Market Report September 2014

10.14.14 by

Palm City FL 34990 Residential Market Report September 2014

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for September 2014

 

For August 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 433 active listings (Decreased by 3 homes from August)

Palm City FL 34990 Residential Market Report September 2014

 

 120 Residential sales are pending and awaiting close or lender approval. (Decreased by 25 homes from last month)

Palm City FL 34990 Residential Market Report September 2014

 

70 Homes Sold in August (Down by 6 homes from August)

Palm City FL 34990 Residential Market Report September 2014

 

The Palm City FL 34990 residential real estate market eased a little from a good August.  Though activity continues to be quite good.  Inventory was down slightly and both pending and closed sales were off by a bit.  Market activity continues to be quite good for palm City residential homes sales.
 
 The current absorption rate increased to 6.2 months from 5.7 months in August, making the Palm City residential real estate market to be considered balanced.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The September 2013 numbers were:  379 active listings, 147 pending sales and 48 closed sales.  Interestingly, Palm City is one of our few areas with a significantly greater inventory for 2014 as compared to last year.  Closed sales were higher this year while there was better pending activity in September of 2013.

Palm City FL 34990 Residential Market Report September 2014

 

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Palm City FL 34990 Residential Market Report September 2014

Stuart FL 34997 Condo Market Report September 2014

10.13.14 by

Stuart FL 34997 Condo Market Report September 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2014

 

For September 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 60 active condo listings (Up by 5 condos from August).

Stuart FL 34997 Condo Market Report September 2014

30 Condo sales are pending and awaiting close or lender approval (Increased by 3 condos from August).

Stuart FL 34997 Condo Market Report September 2014

9 Condos Sold in September (Decreased by 5 condos from August).

Stuart FL 34997 Condo Market Report September 2014

The Stuart FL condo market for zip code 34997 continues with strong activity for September of 2014.  Closed sales were off for this month but there were increases in both inventory and pending sales which is a signal for further improvements in the future.  After some very strong results in the past few months we are back into a more sustainable market.

The one month absorption rate rose to 6.7  months from last months 3.9.  Back into a balanced market after a couple of months of extreme sellers advantage.  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 2013 numbers were: 76 active listings, 28 pending sales and 7 closed sales.  Even with the reduced inventory as compared to last year, this segment of the Stuart condo market is outperforming last year’s activity.

Stuart FL 34997 Condo Market Report September 2014

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2014

 

 

Stuart FL 34997 Residential Market Report September 2014

10.12.14 by

Stuart FL 34997 Residential Market Report September 2014

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for September 2014

 

There are currently 351 active listings (No change from August).

Stuart FL 34997 Residential Market Report September 2014

154 Residential sales are pending and awaiting close or lender approval (Decreased of 17 homes from August).

Stuart FL 34997 Residential Market Report September 2014

87 Homes Sold in September (Decreased by 8 homes from August)

Stuart FL 34997 Residential Market Report September 2014

      The Stuart Florida Residential Market for ZIP Code 34997 has been one of the hottest areas for Martin County residential sales and continues with very strong activity for September.  Pending sales numbers decreased for the second month in a row which might be an indication of slowing activity for the future.  There was also a decrease in closed sales for September as well.
 
     The current one month absorption rate increased to 4 months (was 3.7 months for August).  A hot 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 September, were: 356 active listings, 175 pending listings and 70 closed sales.  Closed sales were above last years numbers, though the other indicators were slightly better last year.
Stuart FL 34997 Residential Market Report September 2014 
 
 

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Stuart FL 34997 Residential Market Report September 2014

Stuart FL 34996 Condo Market Report September 2014

10.11.14 by

Stuart FL 34996 Condo Market Report September 2014

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for September 2014

For September 2014 in the 34996 Zip Code area of Stuart, Florida :

There are currently 147 active condo listings (Down by 2 condos from last month).

Stuart FL 34996 Condo Market Report September 2014

 37 Condo sales are pending and awaiting close or lender approval (Decreased by 11 condos from August).

Stuart FL 34996 Condo Market Report September 2014

 

28 Condos Sold in September (Increased by 14 condos from August) 

Stuart FL 34996 Condo Market Report September 2014

The Stuart FL 34996 Condo Market demonstrated a very strong September 2014, with a nice increase in closed sales.  Unfortunately pending sales declined, while the inventory basically remained unchanged. 

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 5.25 months from August’s 10.6months .  Back into a sellers market after a three month buyers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for September 2013 were: 176 active listings, 35 pending sales and 17 closed sales.  2014 has outperformed last year for the 34996 zip code for Stuart condos.Stuart FL 34996 Condo Market Report September 2014

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Stuart FL 34996 Condo Market Report September 2014

Stuart FL 34996 Residential Market Report September 2014

10.10.14 by

Stuart FL 34996 Residential Market Report September 2014

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for September 2014

 

For September 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 155 active listings (No change from August).

Stuart FL 34996 Residential Market Report September 2014

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

Stuart FL 34996 Residential Market Report September 2014

7 Homes Sold in September (Decreased by 6 homes from August).

Stuart FL 34996 Residential Market Report September 2014

The 34996 zip code area of the Stuart Florida residential real estate market experienced the second month of weaker results after a small rebound in July.  Closed sales were quite weak with no change in the active inventory.  One bright note for the future is the increase in pending numbers.  Whether this is a seasonal occurrence or a weaker market remains to be determined.

The one month absorption rate for the 34996 zip code area of Stuart Florida for September increased to 22 months as compared to August’s 11.9 months.  A strong buyers market.  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 2013 were: 140 active listings, 16 pending sales and 13 closed sales.  Other than the closed activity, the 34996 zip code for Martin County is outperforming last years activity.

Stuart FL 34996 Residential Market Report September 2014

 

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Stuart FL 34996 Residential Market Report September 2014

Stuart FL 34994 Condo Market Report September 2014

10.09.14 by

Stuart FL 34994 Condo Market Report September 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for September 2014

For September, 2013 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 95 active condo listings (Down by 10 condos from August).

Stuart FL 34994 Condo Market Report September 2014

42 Condo sales are pending and awaiting close or lender approval. (Up by 2 condos from last month) 

Stuart FL 34994 Condo Market Report September 2014

20 Condos Sold in September (Down by 2 condos from August).

Stuart FL 34994 Condo Market Report September 2014

 Still an active market for the Stuart FL 34994 Condo market.  Unfortunately, the inventory is getting low which means less of a choice for buyers coming into the area (or transitioning to new properties).  Pending sales are very strong while closed sales were down slightly for September.

The one month absorption rate remained basically unchanged at 4.75  months compared to last month’s 4.8.  Still a 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 119 active listings, 48 pending sales, and 15 closed sales.  Overall better activity this year when the reduced inventory is factored in as percentages of market activity.

Stuart FL 34994 Condo Market Report September 2014

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Stuart Florida Market Report ZIP Code 34994 – Condo, September 2014