Stuart Florida Market Report ZIP Code 34996 – Condo, April 2013

05.18.13 by

Stuart Florida Market Report ZIP Code 34996 – Condo, April 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for April 2013

For April 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 191 active condo listings (Up 7 from last month).

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44 Condo sales are pending and awaiting close or lender approval (A decrease of 15 condos from March).

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32 Condos Sold in April (Down by 10 from March)

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After an exceptional March the Stuart Florida Market Report ZIP Code 34996 for Condos eased a bit for April.   Both pending and closed sales were off.  Also, bucking the trend from most of our other areas, inventory rose modestly.  After a very strong early spring it appears that this section of the Martin County condo market has eased a bit.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo rose to 6 months.  This market has now shifted back to a balanced market for April of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for April 2012 were: 191 active listings, 52 pending sales and 26 closed sales.  Even though we eased a bit from last month, market activity is still stronger than last year.

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Stuart Florida Market Report ZIP Code 34996 – Condo, April 2013

Stuart Florida Market Report ZIP Code 34996 – Residential, April 2013

05.17.13 by

Stuart Florida Market Report ZIP Code 34996 – Residential, April 2013

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for April 2013

 

For April, 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 172 active listings (Decreased by 3 home from March).

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

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18 Homes Sold in April (Increased by 4 homes from March).

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In the 34996 zip code area of Stuart Florida real estate market activity for April 2013 both pending sales and closed sales rose while the inventory decreased again.  Sales activity remains strong and we are seeing multiple offers on some well priced desirable properties.

The one month absorption rate for the 34996 zip code area of Stuart Florida for April dipped to 9.6 months, which is still a buyer’s market.  This figure should be dropping as the pending sales close in the coming months. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for April of 2012 were: 165 active listings, 47 pending sales and 8 closed sales.  The 34996 zip code area of Stuart is bucking the trend for most of the other areas of Martin County as it has a higher inventory this year as compared to last year.  The market activity is stronger this year with closed and pending sales.

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Stuart Florida Market Report ZIP Code 34996 – Residential, April 2013

Stuart Florida Market Report ZIP Code 34994 – Condo, April 2013

05.16.13 by

Stuart Florida Market Report ZIP Code 34994 – Condo, April 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for April 2013

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

 

There are currently 118 active condo listings (Decreased by 9 condos from March).

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43 Condo sales are pending and awaiting close or lender approval. (Down 13 condos from last month)

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28 Condos Sold in April (Increased by 15 condos from March).

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Mixed signals for the Stuart Condo market for zip code 34994.   Pending sales were off from March while closed sales more than doubled.   The inventory also continued it’s decline.  This low inventory will be responsible for a decreasing market numbers in the coming months.

The one month absorption rate dropped to 4.2 months, which for April is a significant shift 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 April the numbers were 147 active listings, 43 pending sales, and 15 closed sales.  Much better sales activity this year.  This with almost a 50% lower inventory.

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Stuart Florida Market Report ZIP Code 34994 – Condo, April 2013

Sewalls Point Residential Market Report April 2013

05.14.13 by

Sewalls Point Residential Market Report April 2013

Sewalls Point Real Estate Snapshot, Residential Sales for April 2013

 

There are currently 61 active listings (an increase of 4 homes for sale from March)

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17 Residential sales are pending and awaiting close or lender approval (an increase of 2 homes from March)

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4 Homes sold in March (A decrease of 1 home from March)

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 For April, in the Sewalls Point residential real estate market, there was very little change from the previous month.  Inventory improved slightly as did pending sales while closed sales were off by 1 home.

The absorption rate rose to 15 months.  Still a strong buyers market in Sewalls Point.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to April of 2012, the inventory was 63 homes homes on the market, 19 pending sales and there were 2 closed sales.  Slightly better activity this year, but basically very similar to last year’s activity.

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Sewalls Point Market Report – Residential, April 2013

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, March 2013

04.27.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, March 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for March 2013

 

For March 2013 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 22 active condo listings. (Up by 4 condos from February)

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9 Condo sales are pending and awaiting close or lender approval. (Unchanged from February)

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2 Condos sold in March (Down 2 from February)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  We had a small increase in inventory making the number of available condos go up to 22.  Sales were off and pending sales remained unchanged.

The one month absorption rate jumped to 11months, signifying a return to a buyer’s market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. 

The March 2012 numbers were:  38 active listings, 7 pending sales and 5 closed sales.  Difficult to make comparisons from last year with such a small sampling of available units.  When inventory differences are accounted for, closed sales are very similar.


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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, March 2013

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, March 2013

04.26.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, March 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for March 2013

 For March 2013 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 249 active listings. ( An increase of 5 homes from February)

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100 Residential sales are pending and awaiting close  (A decrease of 9 homes from February)

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45 Homes Sold in March (Up 17 homes from last month)

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Strong sales activity for the Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County.  Inventory levels remain low, but did increase slightly for this month.  Pending sales were off for March.  With such low numbers of available homes on the market, activity might slow in the coming summer months.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 5.4 months.  Now a slight seller’s market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for March 2012 were:  323 active listings, 104 pending sales and 49 closed sales.   Considering the reduced inventory as compared to 2012, the market activity continues to improve.

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, March 2013

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, March 2013

04.25.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, March 2013

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for March 2013

 

For March 2013 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 54 active listings. ( A decrease of 6 condos from February)

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28 Condo sales are pending and awaiting close or lender approval. (Down by 3 condos from February)

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13 Condos Sold (Increased by 4 condos from February)

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The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  Current inventory is at an almost all time low.   Closed sales showed a good improvement for March.   Pending sales were off slightly.

The one month absorption rate for the March 2013, Jensen Beach Florida Market Report ZIP Code 34957 is 4.2 months.   This is now a seller’s market in Jensen Beach for condos.  Typically, a 6 month absorption rate is considered balanced, favoring neither the buyer or seller.

The March 2012 numbers were: 68 active listings, 26 pending sales and 8 condos closed.  Still a good showing for March 2013 when the lower inventory levels are considered.


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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, March 2013

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, March 2013

04.23.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, March 2013

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for March 2013

 For March 2013in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 119 active listings. (Up by 16 homes from last month)

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86 Residential sales are pending and awaiting close or lender approval. (Down 1 home from February)

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25 Homes Sold (Up by 8 homes from February)

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The Jensen Beach residential real estate market, zip code 34957 for March had very positive activity.   Inventory increased by a fair amount for march.  Sales were up and pending sales while off by one unit remain strong.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 4.8 months, a seller’smarket.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The March 2012 numbers were: 124 active listings, 102 pending sales and 36 home sales closed.  With inventory levels lower, our real estate activity is starting to suffer in Jensen beach as compared to last year.

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, March 2013

Palm City Florida Market Report ZIP Code 34990 – Condo, March 2013

04.22.13 by

Palm City Florida Market Report ZIP Code 34990 – Condo, March 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for March 2013

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



There are currently 63 active condo listings. (Down by 6 condos from February)

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

5 Condos Sold in March. (Up by 1 condo from February)

The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.  For March, the Palm City condo market activity had a small decrease in an already small inventory.  Sales were up and pending sales were also up.
The current absorption rate for condos in the 34990 zip code area is 13.8 months.  A very strong buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.
The March 2012 numbers were: 66 active listings, 2 pending sales and 3 closed sales.   Even with such small numbers, a considerably better performance in 2013 as opposed to last year.

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Palm City Florida Market Report ZIP Code 34990 – Condo, March 2013

Palm City Florida Market Report ZIP Code 34990 – Residential, March 2013

04.18.13 by

Palm City Florida Market Report ZIP Code 34990 – Residential, March 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for March 2013

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

 

There are currently 398 active listings (A decrease of 10 homes from February)

180 Residential sales are pending and awaiting close or lender approval. (A decrease of 21 homes from last month)

68 Homes Sold in March (Decreased by 5 homes from February)

For the Palm City, zip code 34990, area of Martin County Florida the residential market activity showed some mixed results for spring.  Sales doubled for the month (after two months of decreased sales activity).  Pending sales were off after a strong month in February.  The inventory decreased again and is now significantly lower than in the past few years.

The current absorption rate stands at 6.375 months.   A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The March 2012 numbers were:  476 active listings, 202 pending sales and 47 closed sales.  Even with the lower inventory this tear, our current market activity compares favorably to last year.

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Palm City Florida Market Report ZIP Code 34990 – Residential, March 2013

Stuart Florida Market Report ZIP Code 34994 – Condo, March 2013

04.17.13 by

Stuart Florida Market Report ZIP Code 34994 – Condo, March 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for March 2013

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

There are currently 127 active condo listings (A drop of 7 condos from February).

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

13 Condos Sold in March (A decrease of 6 condos from February).

A fairly strong month for the Stuart Condo market for zip code 34994.   Pending sales increased from February.  Unfortunately closed sales were off.  And, the inventory continues to shrink.

The one month absorption rate rose to 10.3 months, which still signifies a buyers 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 143 active listings, 44 pending sales, and 15 closed sales.  When the reduced inventory is considered, this year’s activity is better.

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Stuart Florida Market Report ZIP Code 34994 – Condo, March 2013

Stuart Florida Market Report ZIP Code 34996 – Condo, March 2013

04.16.13 by

Stuart Florida Market Report ZIP Code 34996 – Condo, March 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for March 2013

For March 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 184 active condo listings (Down 15 from last month).

59 Condo sales are pending and awaiting close or lender approval (A decrease of 3 condos from February).

42 Condos Sold in March (Up by 22 from February)

The Stuart Florida Market Report ZIP Code 34996 for Condos was very strong for March with more than double the number of sales from last month.   Along with the increased sales, inventory has now dropped again for the second consecutive month, after three months of small inventory gains.  Pending activity dropped slightly, but was still strong.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is 4.4 months.  This market has now shifted to a sellers market for march of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for March 2012 were: 199 active listings, 58 pending sales and 23 closed sales.  Considerably stronger sales activity this year.

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Stuart Florida Market Report ZIP Code 34996 – Condo, March 2013

Stuart Florida Market Report ZIP Code 34996 – Residential, March 2013

04.15.13 by

Stuart Florida Market Report ZIP Code 34996 – Residential, March 2013

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for March 2013

For March 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 175 active listings (Decreased by 4 homes from February).

55 Residential sales are pending and awaiting close or lender approval (Increased by 8 from February).

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

In the 34996 zip code area of Stuart Florida real estate market activity for March 2013 both pending sales and closed sales rose while the inventory decreased again.  Sales activity is strong and we are seeing multiple offers on some well priced desirable properties.

The one month absorption rate for the 34996 zip code area of Stuart Florida for March dipped to 12.5 months, which is still a strong buyer’s market.  This figure should be dropping as the pending sales close in the coming months. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for March of 2012 were: 165 active listings, 36 pending sales and 22 closed sales.  The 34996 zip code area of Stuart is one of the few sections that actually had better activity last year.

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Stuart Florida Market Report ZIP Code 34996 – Residential, March 2013

Stuart Florida Market Report ZIP Code 34997 – Condo, March 2013

04.14.13 by

Stuart Florida Market Report ZIP Code 34997 – Condo, March 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2013

For March 2013 in the 34997 Zip Code area of Stuart, Florida :

There are currently 103 active condo listings (An increase of 1 condo form February).

39 Condo sales are pending and awaiting close or lender approval (Up 3 from February).

16 Condos Sold in March (An increase of 8 condos from February).

The Stuart condo market for the area in ZIP code 34997 showed a strong March .  Sales doubled from February.  Pending sales took a small increase after a significant rise last month.  While the inventory basically stayed unchanged.  One of the strongest months for condo activity in some years.

The one month absorption rate decreased to 6.4 months. Basically, a balanced market.  A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The March 2012 numbers were: 109 active listings, 40 pending sales and 14  closed sales.  An improvement from last March.

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2013

Stuart Florida Market Report ZIP Code 34997 – Residential, March 2013

04.10.13 by

Stuart Florida Market Report ZIP Code 34997 – Residential, March 2013

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for March 2013

There are currently 344 active listings (An increase of 12 homes from February).

220 Residential sales are pending and awaiting close or lender approval (An decrease of 23 homes from February).

82 Homes Sold in March (Up 35 homes from February)

For March 2013, the Stuart Florida Market Report ZIP Code 34997 the closed sales almost doubled as a result of the strong pending activity from previous months.  For March, there was a slight increase in inventory as more sellers are beginning to understand that the time is right for selling in Martin County.  Pending sales were off from February, but remain strong.
The current one month absorption rate dropped to 4.2 months which indicates a sellers market for the 34997 Stuart zip code real estate market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.
The 2012 numbers were: 428 active listings, 263 pending listings and 61 closed sales.  With considerably less inventory, this segment of the Stuart residential real estate market remains strong.

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Stuart Florida Market Report ZIP Code 34997 – Residential, March 2013

Sewalls Point Residential Market Report March 2013

04.09.13 by

Sewalls Point Residential Market Report March 2013

Sewalls Point Real Estate Snapshot, Residential Sales for March 2013

There are currently 57 active listings (an increase of 2 homes for sale from February)

15 Residential sales are pending and awaiting close or lender approval (a decrease of 2 homes from February)

5 Homes sold in February (An increase of 3 homes from February)

March saw improved sales in the Sewalls Point real estate market in Stuart, FL.  Still a fairly large inventory, but also good number of pending sales.

The absorption rate dropped to 11.4 months.  This is a still a buyers market in Sewalls Point, but is showing signs of change.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to March of 2012, the inventory was 61 homes homes on the market, 12 pending sales and there was only 3 closed sales.  Improving numbers for 2013 by a small margin.

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Sewalls Point Market Report – Residential, March 2013

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, February 2013

03.27.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, February 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for February 2013

 

For February 2013 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 18 active condo listings. (Down by 1 condo from January)

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9 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from January)

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  4 Condos sold in February (Unchanged from January)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  With a significant further decrease in inventory, I don’t see any meaningful market activity coming from this segment in the spring.  For February, good strong closed and pending activity when considering only 18 available condos for sale in this market segment.

The one month absorption rate is down to 4.5 months, signifying a seller’s market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.  If you’re a Hobe Sound condo owner and thinking of selling.  This is your strongest market in over 7 years.

The February 2012 numbers were:  32 active listings, 4 pending sales and 1 closed sales.  The Hobe Sound condo market activity for February of 2013 was far superior to the same month last year.



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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, February 2013

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, February 2013

03.26.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, February 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for February 2013

 

For February 2013 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 244 active listings. ( A decrease of 18 homes from January)

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109 Residential sales are pending and awaiting close or lender approval (An increase of 13 homes from January)

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28 Homes Sold in February (Unchanged from last month)

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After a slower start in January for the Hobe Sound residential real estate market (zip code 33455) of Martin County, February market activity picked up a bit.  Closed sales remained steady and pending sales increased.  For the second month, inventory continues to decline in Hobe Sound.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 8.7 months.  Still a slight buyer’s market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for February 2012 were:  342 active listings, 102 pending sales and 31 closed sales.   Considering the reduced inventory as compared to 2012, the Hobe Sound real estate market remains very strong and active.

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, February 2013

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, February 2013

03.25.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, February 2013

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for February 2013

 

For February 2013 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 60 active listings. ( A decrease of 6 condos from January)

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31 Condo sales are pending and awaiting close or lender approval. (Up by 4 condos from January)

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9 Condos Sold (Increased by 4 condos from January)

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The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  The small inventory gained for the past three months but decreased in February.   Closed and pending sales both showed improvements for February.   It appears that we are on track to have an active condo market in the Jensen Beach area of Martin County.

The one month absorption rate for the February 2013, Jensen Beach Florida Market Report ZIP Code 34957 is 6.7 months.   Typically, a 6 month absorption rate is considered balanced, favoring neither the buyer or seller.

The February 2012 numbers were: 68 active listings, 21 pending sales and 2 condos closed.  Similar to last year’s activity,  but with some improved sales and pending activity.


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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, February 2013

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, February 2013

03.24.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, February 2013

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for February 2013

 For February 2013in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 103 active listings. (Down by 19 homes from last month)

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87 Residential sales are pending and awaiting close or lender approval. (Up 21 homes from January)

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17 Homes Sold (Up by 3 homes from January)

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The Jensen Beach residential real estate market, zip code 34957 for February rebounded from a slower January with increased sales and pending sales.   The current inventory is now down to very low levels and unless we have more available homes, I expect numbers to decline once the sizable number of pending sales close.  For the immediate future, there should be excellent sales activity as the pending sales close.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 6.1 months, a balanced market.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The February 2012 numbers were: 155 active listings, 91 pending sales and 16 home sales closed.  Considering a 50% reduction in inventory, and better pending and closed numbers, the Jensen Beach real estate market is doing very well.

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, February 2013