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

02.19.12 by

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

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

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

There are currently 114 active condo listings (An increase of 8 condos form December).

24 Condo sales are pending and awaiting close or lender approval (Up 3 condos from December).

13 Condos Sold in June (A decrease of 2 condos from December).

At the beginning of 2012, a continuing strong trend for the Stuart condo market for the area in ZIP code 34997. Slight increase in inventory with minor changes in both pending and closed sales.

This is compared to last year’s numbers when there were 134 active listings, 19 pending sales, and 15 closed sales. Pretty similar results, but this with a lower inventory.

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

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

02.18.12 by

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

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

There are currently 530 active listings (An increase of 8 homes from December).

205 Residential sales are pending and awaiting close or lender approval (An increase of 29 homes from December).

45 Homes Sold in December (Down 33 homes from December)

Another positive month for the 34997 zip code area of Stuart Florida.  Closed sales were off from a powerful end-of-year result in December, but future sales (pendings) are showing great strength and this market appears to be headed in the right direction.

Compared to January of 2011, when there were 635 active listings, 164 pending sales, and 23 closed sales, the 34997 area code for Stuart, Florida continues to show significant improvement with considerably improved numbers, even with less inventory available.

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

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

02.17.12 by

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

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

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

There are currently 225 active condo listings (Down 1 from last month).

32 Condo sales are pending and awaiting close or lender approval (An increase of 13 condos from December).

11 Condos Sold in January (A decrease of 1 condos from December)

The inventory remained steady in the Stuart condo market for the area in ZIP code 34996.  Sales were off by one unit, but the pending sales took a large jump as it appears the winter condo shoppers have started buying the excellent values that are currently available.

Compared to the end of last year in January 2011, the numbers were 264 active listings, 41 pending sales and 12 closed sales.  Other than a lower inventory of available condos, the numbers are very similar to the beginning of 2011.

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

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

02.16.12 by

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

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

For January 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 190 active listings (Up 11 from December).

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

6 Homes Sold in January (Down 4 from December).

The 34996 zip code area of Stuart Florida had a slow January with all results, except for pending sales, moving in the wrong direction.  We are seeing increased activity in the area; hopefully, this will translate into better numbers for February.

Comparing the numbers to January of 2011, there were 205 active listings, 31 pending sales, and 9 closed sales.  Other than a slightly lower inventory of homes, the numbers for this January are off from last year.  We were expecting better results and frankly, we are not sure why we have these disappointing numbers this year.  It has been a very mild winter up north so far this year, which might be why some may postpone their buying trips until later.   Check back next month to see how we fare in February.

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

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

02.14.12 by

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

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

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

There are currently 154 active condo listings (Up 1 condos from December).

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

11 Condos Sold in January (Down 2 units from December).

The Stuart condo market for the area in ZIP code 34994 continues to show weakness.  The January results were off slightly from December, which in fact should show increased activity as we head into the season.  Unfortunately, this was not the case.   The inventory continued to increase, pending home sales were also off and sales were down as well. Compared to January of 2011, when there were 173 active listings, 68 pending sales, and 9 closed sales.  The inventory is down from last year, but pending and closed sales remain weak in this segment of the market.  This is increasing pressure for additional price drops unless sales can pick up in the latter part of this season.

In the next few months, the peak season for condos will show what the market can bear for 2012 for the Treasure Coast condo market.

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

Sewalls Point Market Report – Residential, January 2012

02.11.12 by

Sewalls Point Market Report – Residential, January 2012

Sewalls Point Real Estate Snapshot, Residential Sales for January 2012

There are currently 59 active listings (an increase of 1 home for sale from December)

11 Residential sales are pending and awaiting close or lender approval (An increase of 3 from December)

3 Homes sold in December (Down 2 from December)

After a fairly good December of 2011, January was pretty tepid for the Sewalls Point housing market.   We only had three sales in January as opposed to 5 in December, two of these sales were in the middle price ranges for Sewalls Point above $450,000 (sales price).  Inventory remains quite high for Sewalls Point.  On a brighter note, pending sales were up to 11 an increase of 3 from last month.

Comparing the results to January of 2011, the inventory is down from 65 homes, pending sales were 9 last year, and 2 homes sold. Other than a lower inventory, the numbers are almost identical to a year ago.

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Sewalls Point Market Report – Residential, January 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2011

01.29.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2011

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2011

For December 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 37 active condo listings. (Down 3 from last November)

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

 5 Condos Sales closed in December (Up from zero sales in November)

The Hobe Sound condo market (Zip Code 33455) is a very small segment of both Hobe Sound real estate as well as the smallest condo market on the Treasure Coast.  December did show promising results though and this segment departed from the rest of Martin County by positive numbers in a decreased inventory and 5 sales when there were none in November. Compared to last year, where there were 40 listings, 3 pending sales, and 5 closed sales, the market has not changed much for Hobe Sound.

Hopefully, we’ll see some improvement in sales in the coming months, but as long as the inventory stays this small, we just don’t see any appreciable rise in numbers. Most of this product is in the lower price ranges, where we expect to see activity.

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2011

01.28.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2011

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for December 2011

For December 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 330 active listings. ( An increase of 14 homes from November)

58 Residential sales are pending and awaiting close or lender approval (A decrease of 13 homes from November)

28 Homes Sold in December (An increase of 13 homes from last month)

 Along with most of Martin County, the Hobe Sound real estate market (ZIP Code 33455) had increasing inventory and decreasing pending sales from last month. Closed sales were the bright note, as 28 homes were sold in December, an increase of 13 homes from November.

Compared to last December, we had 374 active listings, 47 pending sales, and 28 closed sales.  Closed sales were equal to last year, with about 10% less active inventory and pending sales were lower as well.

Provided we don’t see a drastic increase in distressed properties (short sales and bank-owned foreclosures), we should be in line for a good performance from the Hobe Sound real estate market in 2012.

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2011

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Palm City Florida Market Report ZIP Code 34990 – Condo, December 2011

01.27.12 by

Palm City Florida Market Report ZIP Code 34990 – Condo, December 2011

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2011

For December 2011 in the 34990 Zip Code area of Palm City, Florida :

There are currently 65 active condo listings. (Up 5 from November)

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

1 Condo Sold in December. (Unchanged from November)

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 townhomes. With only 65 currently active listings, it is not a very large market.  Last year at this time there were 78 active listings, and the market was more active with 5 pending sales and 6 closed sales as compared to this year’s anemic 3 and 1 respectively. The condo market overall remains significantly more sluggish as compared to the single-family residential market.

Speculating on the reasons for this could be the current low prices of single-family units. The difficulty of obtaining financing for condos in this lending environment and the nervousness regarding the economy and future are being felt by the more senior set that tends to go for the condo type of housing. Condo sales tend to be more active after the holidays and we will hopefully see an increase in activity following the holiday season.

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Palm City Florida Market Report ZIP Code 34990 – Condo, December 2011

Palm City Florida Market Report ZIP Code 34990 – Residential, December 2011

01.18.12 by

Palm City Florida Market Report ZIP Code 34990 – Residential, December 2011

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2011

For December 2011 in the 34990 Zip Code area of Palm City Florida :

There are currently 478 active listings (Increased by 10 homes from November)

114 Residential sales are pending and awaiting close or lender approval. (A decrease of 30 homes from last month)

57 Homes Sold in December (An increase of 21 homes sold from November)

For the Palm City, zip code 34990, area of Martin County Florida, it was a strong month for closed sales.  Unfortunately, it was also the second month of increasing inventory (active listings) and also a decrease in pending sales for the future.  Comparing these numbers to December of 2010, when there were 577 active listings, 110 pending sales and 45 homes sold, we are in a better position in all categories.  With the height of the snowbird season coming, we should see some increase in activity.  The Palm City market, however, is not as seasonally influenced as our more coastal areas as this market is heavily influenced by family areas that tend not to be as seasonal, with an increase in activity normally more towards the spring and summer seasons.

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Palm City Florida Market Report ZIP Code 34990 – Residential, December 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, December 2011

01.17.12 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, December 2011

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for December 2011

For December 2011 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the November Market Snapshot data was unavailable)

There are currently 65 active listings. (Up 6 from November)

11 Condo sales are pending and awaiting close or lender approval. (Down 1 condo from November)

6 Condo Sold (An increase of 4 condos from November)

After two months of disappointing results for the Jensen Beach condo market report (ZIP Code 34957), we’ve had a slight improvement for December.   Inventory, unfortunately, has also been creeping back up which will continue to exert some strong negative price pressures.  There does appear to be increasing activity as the season approaches and we’ll see if the market picks up for 2012.

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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, December 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, December 2011

01.16.12 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, December 2011

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for December 2011

For December 2011 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 279 active listings. (An decrease of 3 homes from last month)

75 Residential sales are pending and awaiting close or lender approval. (A decrease of 5 homes from November)

25 Homes Sold (Up 9 from November)

The Jensen Beach real estate market (ZIP Code 34957) showed a small decrease in inventory this month, yet are still more than 40 homes less than last December, while having a greater number of sales than last year (an increase from last month).  Also almost 20 more pending sales than last December which is a slight decrease from last month.

Of the closed sales in the past few months, there are a significantly higher number of homes in the medium to upper price ranges as compared to the past few years, showing a renewed interest in the medium and upper end of the market. Provided the numbers for distressed homes don’t increase in 2012, we should see continued growth and good activity in the Jensen Beach, Florida real estate market.

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, December 2011

Stuart Florida Market Report ZIP Code 34994 – Condo, December 2011

01.15.12 by

Stuart Florida Market Report ZIP Code 34994 – Condo, December 2011

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2011

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

There are currently 153 active condo listings (Up 7 condos from November).

35 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)

13 Condos Sold in December (Up 3 units from November).

The Stuart condo market for the area in ZIP code 34994 continues to show some weakness but had better results than in November of 2011.  The inventory continued to increase, pending sales remained unchanged and the sales were up by 3 condos.  Compared to December of 2010, when there were 177 active listings, 46 pending sales and 19 closed sales, this segment of the condo market is continuing to struggle, especially as compared to the equivalent single-family market in the area.

How much of this market trend can be attributed to the slower holiday season is not known at this point. In the next few months, the peak season for condos will show what the market can bear for the 2012 Treasure Coast condo sales season.

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Stuart Florida Market Report ZIP Code 34994 – Condo, December 2011

Stuart Florida Market Report ZIP Code 34996 – Condo, December 2011

01.12.12 by

Stuart Florida Market Report ZIP Code 34996 – Condo, December 2011

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2011

For December 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 226 active condo listings (Up 1 from last month).

19 Condo sales are pending and awaiting close or lender approval (A decrease of 2 condos from November).

12 Condos Sold in December (A decrease of 2 condos from November)

Surprisingly, the Stuart condo market for the area in ZIP code 34996 had a small decrease (or basically unchanged inventory from last month.  It will be interesting to see if this trend continues as many condo sellers tend to place their units on the market as the season begins to heat up during December and January.   There were slight decreases in both pending and closed sales. 

Compared to the end of last year in December of 2010, the numbers were  259 active listings, 46 pending sales and 20 closed sales.  Unlike many other segments of both our single-family and condo markets here on the Treasure Coast and particularly in Martin County, this segment of the Stuart condo market is not faring nearly as well as last year.

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Stuart Florida Market Report ZIP Code 34996 – Condo, December 2011

Stuart Florida Market Report ZIP Code 34996 – Residential, December 2011

01.11.12 by

Stuart Florida Market Report ZIP Code 34996 – Residential, December 2011

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2011

For December 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 179 active listings (Up 6 from November).

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

10 Homes Sold in December (Down 4 from November).

The 34996 zip code area 0f Stuart Florida had a slow December with all results moving in the wrong direction.  Hopefully, this is a short-term reflection of a  slowdown in activity during the holiday season.

Comparing the numbers to December of 2010, there were  192 active listings, 32 pending sales and 5 closed sales.  The sales rate is higher, but less pending sales and less inventory.  If this trend continues, with less supply and greater demand, I expect prices to become more stabilized as long as there are no large numbers of distressed homes coming on the market which tend to be priced below market value and depreciate the market in general.

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Stuart Florida Market Report ZIP Code 34996 – Residential, December 2011

Stuart Florida Market Report ZIP Code 34997 – Condo, December 2011

01.09.12 by

Stuart Florida Market Report ZIP Code 34997 – Condo, December 2011

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2011

For December 2011 in the 34997 Zip Code area of Stuart, Florida :

There are currently 106 active condo listings (A decrease of 13 condos form November).

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

15 Condos Sold in June (An increase of 10 condos from November).

A strong end of the year for the Stuart condo market for the area in ZIP code 34997.  Inventory decreased and sales tripled from the month before.  Pending sales were off slightly.

Compared to last year’s numbers when there were 177 active listings, 46 pending sales and 6 closed sales, we can see the inventory is considerably less, with fewer pending sales but increased closed sales. With condo prices being low as well as interest rates at historically low levels, it’s definitely a good time to buy and it looks like for this segment of the Stuart Florida condo market, people have been doing just that in December of 2011.

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2011

Stuart Florida Market Report ZIP Code 34997 – Residential, December 2011

01.08.12 by

Stuart Florida Market Report ZIP Code 34997 – Residential, December 2011

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2011

There are currently 522 active listings (a decrease of 5 homes from November).

176 Residential sales are pending and awaiting close or lender approval (A decrease of 22 homes from November).

78 Homes Sold in November (Up 36 homes from November)

A very strong month for December in the 34997 zip code area of Stuart Florida.  Sales almost doubled by the end of the year.  Inventory was down and the only negative report shows pending sales were down.

Compared to December of 2010, the inventory is down by approximately 50 homes or 10%.  Less supply should be a catalyst for greater demand.  Lower supply should also help stabilize prices.  There were 155 pending sales in 2010 compared to the 176 this year (Dec 2011) and there were 47 homes sold in Dec 2010 as compared to the 78 last month.  Very strong results that may very likely continue into 2012 as the economic outlook appears to be more positive.  With renewed optimism, I see a strong market in the future for the Stuart 34997 zip code area.

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Stuart Florida Market Report ZIP Code 34997 – Residential, December 2011

Sewalls Point Market Report – Residential, December 2011

01.07.12 by

Sewalls Point Market Report – Residential, December 2011

Sewalls Point Real Estate Snapshot, Residential Sales for December 2011

There are currently 58 active listings (an increase of 9 homes for sale from November)

8 Residential sales are pending and awaiting close or lender approval (Down 5 from November)

5 Homes sold in December (Up 2 from November)

In December of 2011, we saw a slight increase in sales from November in the Sewalls Point, Florida real estate market.  Most of the sales for December were solidly in the mid-price category for Sewalls Point real estate. Inventory was up by 9 units which is close to a 20% rise while pending sales were off by 5 homes.

Comparing the results to December of 2010, the inventory is down from 67 homes, pending sales were 9 last year and 4 homes sold.  Other than a lower inventory, the numbers are almost identical to a year ago.

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Sewalls Point Market Report – Residential, December 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, November 2011

12.22.11 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, November 2011

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for November 2011

For November 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 40 active condo listings. (Down 2 from last October)

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

No Condos sold in November (Down from 2 sales in October)

The Hobe Sound condo market (Zip Code 33455) is a very small segment of both Hobe Sound real estate as well as the smallest condo market on the Treasure Coast. Unfortunately no sales last month, but the inventory dropped marginally and pending sales were up to 3 units.  Compared to last year, where there were 41 listings, 9 pending sales and 1 closed sale, the market has not changed much for Hobe Sound.

Hopefully, we’ll see some improvement in sales in the coming months, but as long as the inventory stays this small, we just don’t see any appreciable rise in numbers.  Most of these products are in the lower price ranges and this is where we expect to see activity.

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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, November 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, November 2011

12.21.11 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, November 2011

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for November 2011

For November 2011 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the October Market Snapshot data was unavailable)

There are currently 59 active listings. (Down 1 from October)

12 Condo sales are pending and awaiting close or lender approval. (Unchanged from October)

2 Condo Sold (A decrease of 7 condos from October)

Last month’s disappointing results for the Jensen Beach condo market report (ZIP Code 34957) has continued into November.  At least the inventory didn’t increase and there were 2 sales this month as opposed to last month’s 1.   Last year at this time, 3 sales, 24 pending sales and 65 active listings.  In the residential segment (single-family homes) of the market, we’ve seen a marked improvement over the past year.  In the condo market, this hasn’t been the case.

Speculating on the reasons for this could be the current low prices of single-family units.  The difficulty of obtaining financing for condos in this lending environment and the nervousness regarding the economy and future are being felt by the more senior set that tend to go for the condo type of housing.  Condo sales tend to be more active after the holidays and we will hopefully see an increase in activity following the holiday season.

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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, November 2011