Hobe Sound Florida Market Report ZIP Code 33455 – Condo, July 2012

08.29.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, July 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for July 2012

 

For July 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 28 active condo listings. (Down 2 from June)

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7 Condo sales are pending and awaiting close or lender approval. (Down 1 from June)

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  3 Condos sold in July (A decrease of 3 condos from June)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. July showed fewer closed sales, one less pending sale recorded as well as another decrease in inventory.  With only 28 units available it’s fairly slim pickings in the Hobe Sound Florida Market Report ZIP Code 33455 condo market.

The one month absorption rate is 9.3 months, signifying that it’s still a buyers market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.  But, with such low numbers, these indicators can easily be misleading.



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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, July 2012

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, July 2012

08.28.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, July 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for July 2012

 

For July 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 279 active listings. ( An increase of 13 homes from June)

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77 Residential sales are pending and awaiting close or lender approval (A decrease of 16 homes from June)

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31 Homes Sold in July (A decrease of 15 homes from last month)

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The Hobe Sound real estate market (ZIP Code 33455) took a little turn for July.  For the first time in quite a few months, the inventory increased.  Pending sales and closed sales were also off.  This is the only segment in Martin County reporting such results, so it remains to be seen if this is just a seasonal abnormality or a developing trend.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 stands at 8.6 months.  This is still a buyers market in Hobe Sound.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, July 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, July 2012

08.26.12 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, July 2012

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for July 2012

 

For July 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the June Market Snapshot data was unavailable)

 

There are currently 54 active listings. ( A decrease of 4 condos from June)

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23 Condo sales are pending and awaiting close or lender approval. (Up 2 condos from June)

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5 Condo Sold (Down 1 from June)

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The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market. The current inventory is now very low at only 54 condos available for sale. This might be an excellent time for those who have a need to sell their Jensen Beach condo in zip code 34957.  Pending sales were up marginally and closed sales fell for July by 1 unit. Considering that this is the summer season where the condo market activity is normally slow, this segment continues with good activity.

The one month absorption rate for the July 2012, Jensen Beach Florida Market Report ZIP Code 34957 stands at 9.7 months.  Still a buyers market, but down significantly from past months.


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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, July 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, July 2012

08.25.12 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, July 2012

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for July 2012

 

For July 2012 in the 34957 Zip Code area of Jensen Beach, Florida :

 

There are currently 113 active listings. (Down 8 homes from last month)

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94 Residential sales are pending and awaiting close or lender approval. (Up 6 homes from June)

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22 Homes Sold (Down 3 homes from June)

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Another positive month for the Jensen Beach residential real estate market, zip code 34957.   Inventory declined again for July and is now at quite low numbers of available homes for sale.  Closed sales declined fractionally, while pending sales increased.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 is 5.1 months.  This signifies a sellers market, in which the seller has an advantage over the buyer due to low inventory and increased demand.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, July 2012

Palm City Florida Market Report ZIP Code 34990 – Condo, July 2012

08.24.12 by

Palm City Florida Market Report ZIP Code 34990 – Condo, July 2012

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for July 2012

For July 2012 in the 34990 Zip Code area of Palm City, Florida :



There are currently 62 active condo listings. (A decrease of 4 condos from June)

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

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1 Condos Sold in July. (Down 2 from June)

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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.  For July, closed sales were only 1, and this particular condo sold at an extremely discounted price.  It is located in Pipers landing, so there were a number of other fees entailed in the purchase of this unit.  However pending sales increased to 7 condos and the inventory once again declined.

 

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Palm City Florida Market Report ZIP Code 34990 – Condo, July 2012

Palm City Florida Market Report ZIP Code 34990 – Residential, July 2012

08.21.12 by

Palm City Florida Market Report ZIP Code 34990 – Residential, July 2012

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for July 2012

 

For July 2012 in the 34990 Zip Code area of Palm City Florida :


There are currently 416 active listings (A decrease of 25 homes from June)

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169 Residential sales are pending and awaiting close or lender approval. (A decrease of 20 homes from last month)

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63 Homes Sold in July (Decreased 7 homes from June)

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For the Palm City, zip code 34990, area of Martin County Florida activity remained strong for July after a super spring.  Both closed and pending sales declined slightly for this month.  The inventory of available homes for sale also declined again, now at levels approaching those during the height of the real estate boom in the mid 2000’s.  Still good numbers and market activity remains active, more so than the past few years.

The current absorption rate is 6.6 months, which is considered to be a balanced market that doesn’t favor either sellers or buyers.

 

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Palm City Florida Market Report ZIP Code 34990 – Residential, July 2012

Stuart Florida Market Report ZIP Code 34997 – Condo, July 2012

08.20.12 by

Stuart Florida Market Report ZIP Code 34997 – Condo, July 2012

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2012

 

For July 2012 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 100 active condo listings (A decrease of 9 condo form June).

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28 Condo sales are pending and awaiting close or lender approval (Up 2 condos from June).

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13 Condos Sold in July (An increase of 3 condos from June).

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Bucking the trend for the other condo markets in Martin County, the Stuart condo market for the area in ZIP code 34997 had excellent numbers for July of 2012.  Inventory is now down to only 100 units while both pending and closed sales rose.

The one month absorption rate is at 7.7 months.  Still a slight buyers market, as a six moth absorption rate typically signifies a balanced market favoring neither the seller or buyer.

 

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2012

 

 

Stuart Florida Market Report ZIP Code 34997 – Residential, July 2012

08.19.12 by

Stuart Florida Market Report ZIP Code 34997 – Residential, July 2012

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for July 2012

 

There are currently 330 active listings (A decrease of 26 homes from June).

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222 Residential sales are pending and awaiting close or lender approval (An increase of 18 homes from June).

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50 Homes Sold in June (Down 28 homes from June)

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More strong results from the 34997 zip code area of Stuart Florida. This segment of the Martin County real estate market continues to outperform other areas of Martin County.  While closed sales were off for July, their remains a very strong number of pending sales, of which many are short sales and should eventually close in the not so distant future.  The inventory continues to decline in the 34997 zip code of Stuart, Florida and is getting close to levels not seen since the height of the boom market in the mid 2000’s.
 
 
The current one month absorption rate is 6.6 months.  This is considered to be a balanced market, favoring neither the seller or buyer.
 
 

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Stuart Florida Market Report ZIP Code 34997 – Residential, July 2012

Stuart Florida Market Report ZIP Code 34996 – Condo, July 2012

08.17.12 by

Stuart Florida Market Report ZIP Code 34996 – Condo, July 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for July 2012

For July 2012 in the 34996 Zip Code area of Stuart, Florida :

 

There are currently 190 active condo listings (Up 5 from last month).

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17 Condo sales are pending and awaiting close or lender approval (A decrease of 10 condos from June).

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12 Condos Sold in July (Down 8 from June)

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Not a very good month for the  Stuart Florida Market Report ZIP Code 34996 for Condos  We are now in the off peak season for condos and it’s not unusual to see a lower number of pending sales and fewer closed sales for the summer and fall for this segment of Stuart, Florida real estate.  For the first time in months, we’ve also seen a small increase in inventory as well.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is just under 16 months.  Still a very strong buyers market for now.

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Stuart Florida Market Report ZIP Code 34996 – Condo, July 2012

Stuart Florida Market Report ZIP Code 34996 – Residential, July 2012

08.16.12 by

Stuart Florida Market Report ZIP Code 34996 – Residential, July 2012

 

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for July 2012

 

 

For July, 2011 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 166 active listings (An increase of 7 homes from June).

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28 Residential sales are pending and awaiting close or lender approval (Down 4 from June).

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11 Homes Sold in July (Up 3 from June).

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The 34996 zip code area of Stuart Florida showed a modest increase in sales for July as compared to last month while inventory saw a small increase.  Pending sales were off slightly.   We continued to have some excellent sales in the higher price brackets this month, continuing a trend from June.

The one month absorption rate for the 34996 zip code area of Stuart Florida is now 15 months, which still has plenty of room for improvement.  Abalanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

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Stuart Florida Market Report ZIP Code 34996 – Residential, July 2012

Sewalls Point Residential Market Report July 2012

08.15.12 by

Sewalls Point Residential Market Report July 2012

Sewalls Point Real Estate Snapshot, Residential Sales for July 2012

There are currently 56 active listings (a decrease of 9 homes for sale from April)

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14 Residential sales are pending and awaiting close or lender approval (A decrease of 4 from April)

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5 Homes sold in April (Down 1 from April)

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The Sewalls Point market report for July 2012 remained pretty static compared to last months numbers with the exception of one less home for sale.  Whether this is a sign of the sold listings or sellers waiting for the season to sell, remains to be seen.   One high end home sold for $2,900,000 last month and the other four sales ranged from the 300’s to the 500’s price range.  Both pending and sold numbers remain unchanged from June.

Comparing the results to July of 2011, the inventory slightly higher this year as there were 52 homes on the market last year, pending sales were 15, and no homes sold.  Considerably better numbers this year as the Sewalls Point real estate market is showing signs of a rebound.

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Sewalls Point Market Report – Residential, July 2012

Stuart Florida Market Report ZIP Code 34994 – Condo, July 2012

08.14.12 by

Stuart Florida Market Report ZIP Code 34994 – Condo, July 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for July 2012

For July, 2011 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 153 active condo listings (Up 13 condos from June).

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30 Condo sales are pending and awaiting close or lender approval. (Down 10 from last month)

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17 Condos Sold in July (Increased by 5 condos from June).

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The Stuart Condo market for zip code 34994 showed an increase in closed for July, after a disappointing June. A little bit of a surprise as we head into the historically slower season for condo sales.   Pending sales were off by 25% and also a surprise, we’ve had the first increase in inventory in quite some time.  Most sales were in the more modest categories of under $80,000.

The one month absorption rate for this market is now 9 months.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither a buyers or sellers market.

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Stuart Florida Market Report ZIP Code 34994 – Condo, July 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, June 2012

07.29.12 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, June 2012

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for June 2012

For June 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the May Market Snapshot data was unavailable)

There are currently 58 active listings. ( Unchanged from May)

21 Condo sales are pending and awaiting close or lender approval. (Down 4 condos from May)

6 Condo Sold (Down 2 from May)


The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market. The current inventory remains low and was unchanged from May. Pending and closed sales fell for June, possibly an indication of the slower summer season for condo sales.

Last June there were 61 active listings, 17 pending sales and 5 closed sales.  Fairly similar results last year.  We now have a lower inventory and more pending sales though.

 

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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, June 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, June 2012

07.28.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, June 2012

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for June 2012

For June 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 30 active condo listings. (Down 3 from May)

8 Condo sales are pending and awaiting close or lender approval. Unchanged from May)

  6 Condos sold in June (A decrease of 4 condos from May)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. June showed excellent activity with 6 closed sales and a further decrease in inventory to only 30 available units. pending sales were down slightly.  I don’t expect to see any great movement in this segment of the Treasure Coast Florida condo market with such a small inventory.

Last June’s numbers were 41 active listings, 10 pending sales and 1 closed sales. With the exception of pending sales, much better numbers this year as compared to last.

 

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, June 2012

Palm City Florida Market Report ZIP Code 34990 – Condo, June 2012

07.27.12 by

Palm City Florida Market Report ZIP Code 34990 – Condo, June 2012

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for June 2012

For June 2012 in the 34990 Zip Code area of Palm City, Florida :

There are currently 66 active condo listings. (Unchanged from May)

5 Condo sales are pending and awaiting close or lender approval. (Down 3 from last month)

3 Condos Sold in June. (Up 1 from May)

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.  For June, there was fair activity for this market.  The inventory declined.  Pending sales were down from May, and there was a small increase in sales  But, with the fairly small market base, we don’t expect to see any major shifts in the market.
Last years numbers for the Palm City (34990 zip code area) Condo market were 56 active listings, 7 pending sales and 3 closed sales.  As opposed to all of our Martin County markets, inventory is higher from last year.  Sales and pending activity remains virtually unchanged.

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Palm City Florida Market Report ZIP Code 34990 – Condo, June 2012

Stuart Florida Market Report ZIP Code 34997 – Condo, June 2012

07.26.12 by

Stuart Florida Market Report ZIP Code 34997 – Condo, June 2012

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2012

For June 2012 in the 34997 Zip Code area of Stuart, Florida :

There are currently 109 active condo listings (A decrease of 1 condo form May).

26 Condo sales are pending and awaiting close or lender approval (Down 3 condos from May).

10 Condos Sold in June (A decrease of 4 condos from May).

A slowdown of market activity from last month in the Stuart condo market for the area in ZIP code 34997.  All measured activity was slightly lower from May.  The 34997 zip code area of Stuart still has a troubling number of short sales and foreclosures coming on the market at a slower but steady rate.  This is keeping prices from rising.
Last years numbers were 103 active listings, 27 pending sales and 8 closed sales.  Very little change from last year.  The 34997 area of Stuart condo market seems to be treading water with a roughly 10 month absorption rate for June of 2012.

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2012

Stuart Florida Market Report ZIP Code 34996 – Condo, June 2012

07.25.12 by

Stuart Florida Market Report ZIP Code 34996 – Condo, June 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for June 2012

For June 2012 in the 34996 Zip Code area of Stuart, Florida :

There are currently 185 active condo listings (Down 3 from last month).

27 Condo sales are pending and awaiting close or lender approval (A decrease of 4 condos from May).

20 Condos Sold in June (Down 6 from May)

The inventory continues to decline in the Stuart condo market for the area in ZIP code 34996. Sales activity slowed from May and pending sales were also down from last month. We are approaching the slower time of the year for seasonal condos and it’s not unusual to see a lower number of pending sales and probably fewer closed sales for the summer and fall for this segment of Stuart, Florida real estate.

Compared to last year in June of 2011, the numbers were 203 active listings, 21 pending sales and 30 closed sales.  Last June we had much better closed activity, but our pending sales are higher this year and the inventory is marginally lower.

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Stuart Florida Market Report ZIP Code 34996 – Condo, June 2012

Stuart Florida Market Report ZIP Code 34994 – Condo, June 2012

07.24.12 by

Stuart Florida Market Report ZIP Code 34994 – Condo, June 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for June 2012

For June 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 140 active condo listings (Down by 10 condos from May).

40 Condo sales are pending and awaiting close or lender approval. (Up 3 from last month)

12 Condos Sold in June (Decreased by 11 condos from May).

The Stuart Condo market for zip code 34994 showed a marked decrease of closed sales possibly indicating a seasonal slowdown for the summer months.  But pending sales took a small jump, which is encouraging.  Active listings were down by 10, now only 140 active listings.  Lower inventory typically means less supply, which with any return in demand, might indicate price rises in the near future.

Last year in June of 2011 the numbers were: 148 active listings, 44 pending listings and 10 closed sale.  Fairly similar numbers from last year, with slightly better numbers in all categories.

The one month absorption rate for this market is now 12 months.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither a buyers or sellers market.

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Stuart Florida Market Report ZIP Code 34994 – Condo, June 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, June 2012

07.23.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, June 2012

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for June 2012

For June 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 266 active listings. ( A decrease of 19 homes from May)

93 Residential sales are pending and awaiting close or lender approval (A decrease of 6 homes from May)

46 Homes Sold in June (An increase of 3 homes from last month)

The Hobe Sound real estate market (ZIP Code 33455) remained active for June. The inventory decreased again.  Now only 266 active listings. Closed sales remained strong and pending sales also showing good future sales providing they close in the near future. The Hobe Sound market has maintained better strength through the late spring season than most segments of the Martin County real estate market.

Last year, in June of 2011, we had 378 active listings, 72 pending sales and 38 closed sales.  A considerably stronger market this year with no signs of anything other than a slight seasonal slow down in the future.

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, June 2012

Palm City Florida Market Report ZIP Code 34990 – Residential, June 2012

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Palm City Florida Market Report ZIP Code 34990 – Residential, June 2012

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for June 2012

For June 2012 in the 34990 Zip Code area of Palm City Florida :

There are currently 441 active listings (A decrease of 21 homes from May)

189 Residential sales are pending and awaiting close or lender approval. (A decrease of 14 homes from last month)

70 Homes Sold in June (Decreased 11 homes from May)

For the Palm City, zip code 34990, area of Martin County Florida, activity slowed some from the very strong spring.  Both closed and pending sales declined, while the inventory also continued to shrink.  Still good numbers and market activity remains active, more so than the past few years.

Comparing these numbers to June of 2011, when there were 503 active listings, 132 pending sales and 56 homes sold.  Much better market activity for Palm City this year than in the past few years.  Definitely an improving market.

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Palm City Florida Market Report ZIP Code 34990 – Residential, June 2012