Hobe Sound FL 33455 Condo Market Report April 2016

05.23.16 by

Hobe Sound FL 33455 Condo Market Report April 2016

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for April 2016

 

For April 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 5 active condo listings. (No change in active condos from March)

Hobe Sound FL 33455 Condo Market Report April 2016

6 Condos are pending and awaiting close. (Down by 1 condos from March)

Hobe Sound FL 33455 Condo Market Report April 2016

4 Condos sold. (Up by 1 from last month)

 Hobe Sound FL 33455 Condo Market Report April 2016

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  April showed strong activity for the little existing inventory available for Hobe Sound Condos.

There were no sales in Hobe Sound condos for both January and March, but for April the absorption rate is 1.3 months, for December of 2015 it was 1.7 months.  Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that may not reflect 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 April 2015 numbers were: 10 active listings, 2 pending sales and 5 closed sales.  Considering we have just over half the active inventory from last year, this months sales volume is impressive.

Hobe Sound FL 33455 Condo Market Report April 2016

Search Hobe Sound Condominium Properties by Price

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report April 2016

 

Hobe Sound FL 33455 Residential Market Report April 2016

05.22.16 by

Hobe Sound FL 33455 Residential Market Report April 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for April 2016

  For April 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 217 active listings. (Up by 9 homes from March)

Hobe Sound FL 33455 Residential Market Report April 2016

99 Residential sales are pending and awaiting close  (Down by 17 homes from March)

Hobe Sound FL 33455 Residential Market Report April 2016

54 Homes Sold in April (Down by 2 homes from last month)

Hobe Sound FL 33455 Residential Market Report April 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County while still an active market is showing some signs of weakness with less close sales and pending sales and an increasing inventory.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 4.0 months (3.8 months in March).  The second month in a row of being in a sellers market after two months of being in a balance one.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for April 2015 were:  178 active listings, 133 pending sales and 63 closed sales. Better activity last year even though there was less inventory.  One of the few areas of Martin County with greater inventory than from 2015.

Hobe Sound FL 33455 Residential Market Report April 2016

Search here for Hobe Sound Florida Real Estate for Sale

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Hobe Sound FL 33455 Residential Market Report April 2016

Jensen Beach FL 34957 Condo Market Report April 2016

05.21.16 by

Jensen Beach FL 34957 Condo Market Report April 2016

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for April 2016

 

For April 2016 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 32 active listings. (Increased by 7 condos from March)

Jensen Beach FL 34957 Condo Market Report April 2016

8 Condo sales are pending and awaiting settlement. (Decreased by 5 condos from March)

Jensen Beach FL 34957 Condo Market Report April 2016

12 Condos Sold (Increased by 3 condos from March)

Jensen Beach FL 34957 Condo Market Report April 2016

 The Jensen Beach FL 34957 Condo Market Report April 2016 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  The Jensen Beach condo inventory is the real issue with not enough to choose from for those buyers looking in the area, though for April we had a nice little increase which will hopefully continue.  Unfortunately pending sales were off for the month.

The one month absorption rate for the April 2016, Jensen Beach Florida Market Report ZIP Code 34957 was 2.7 months (from 2.8  months in March), continuing as a very extreme sellers market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The April 2015 numbers were: 28 active listings, 16 pending sales and 11 condos closed.  Similar to last years numbers.

Jensen Beach FL 34957 Condo Market Report April 2016

Jensen Beach Condominium Properties by Price

 

Jensen Beach Florida Real Estate presented by:
Gabe Sanders

Jensen Beach FL 34957 Condo Market Report April 2016

Palm City FL 34990 Condo Market Report April 2016

05.19.16 by

Palm City FL 34990 Condo Market Report April 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for April 2016

 

For April 2016 in the 34990 Zip Code area of Palm City, Florida :



There are currently 65 active condo listings. (No change in active condos from March)

   Palm City FL 34990 Condo Market Report April 2016

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

Palm City FL 34990 Condo Market Report April 2016

8 Condos Sold in April. (Up by 4 condos from March)

Palm City FL 34990 Condo Market Report April 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For April of 2015 sales increased nicely while pending sales were off while the inventory remained unchanged, though higher thanlast year.

The current absorption rate for condos in the 34990 zip code area dipped to 8.1 months (was 16.25 months in April).   Still a buyers market for Palm City condos, though these numbers should be taken with a grain of salt because of the low number of available properties.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The April 2015 numbers were: 55 active listings, 11 pending sales and 7 closed sales.   Very similar activity to last year, though interestingly the inventory of available condos has now exceeded last years amount.
Palm City FL 34990 Condo Market Report April 2016

Search for Palm City Condos by Price:

Palm City Florida Real Estate presented by:
Gabe Sanders

 

Palm City FL 34990 Condo Market Report April 2016

Palm City FL 34990 Residential Market Report April 2016

05.18.16 by

Palm City FL 34990 Residential Market Report April 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for April 2016

 

For April 2016 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 375 active listings (Decreased by 24 homes from March)

Palm City FL 34990 Residential Market Report April 2016

 175 Residential sales are pending and awaiting close or lender approval. (Decreased by 4 homes from last month)

Palm City FL 34990 Residential Market Report April 2016

84 Homes Sold in March (Increased by 4 sold homes from March)

Palm City FL 34990 Residential Market Report April 2016

The Palm City FL, zip code 34990, residential real estate market continues to be an active market with properly priced homes moving very quickly.  This activity will most likely continue through the summer season.
The monthly absorption rate decreased to to 4.7 months from 5 months in March.  Continuing as a sellers market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The April 2015 numbers were:  381 active listings, 217 pending sales and 73 closed sales.  Better closed volume for this year but pending sales were better last year.

Palm City FL 34990 Residential Market Report April 2016

 Search here for Palm City Florida Real Estate for Sale

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Palm City FL 34990 Residential Market Report April 2016

Stuart FL 34997 Condo Market Report April 2016

05.17.16 by

Stuart FL 34997 Condo Market Report April 2016

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2016

 

For April 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 71 active condo listings (Down by 4 condos from March).

Stuart FL 34997 Condo Market Report April 2016

39 Condo sales are pending and awaiting close or lender approval Up by 1 condos from March).

Stuart FL 34997 Condo Market Report April 2016

16 Condos Sold in April (Decreased by 5 condos from March).

Stuart FL 34997 Condo Market Report April 2016

     The Stuart FL condo market for zip code 34997 for April had fewer sales than the previous month while also continuing a reduction in inventory, while pending sales remained moderate.
     The one month absorption rate jumped to 4.4 months from 3.6 months for March.  Still a sellers market though drifting towards more of a 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 April 2015 numbers were: 43 active listings, 30 pending sales and 18 closed sales.  One of the few segments of the Martin County real estate market with a higher inventory this year as compared to last.  Consequently we should have better sales volume, but alas, it was stronger last year.

Stuart FL 34997 Condo Market Report April 2016

Search for Stuart Condos for Sale by Price:

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2016

 

 

Stuart FL 34997 Residential Market Report April 2016

05.16.16 by

Stuart FL 34997 Residential Market Report April 2016

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for April 2016

 

There are currently 309 active listings (Increased by 1 homes from March).

Stuart FL 34997 Residential Market Report April 2016

219 Residential sales are pending and awaiting close or lender approval (Increased by 44 homes from March).

Stuart FL 34997 Residential Market Report April 2016

99 Homes Sold in April (Increased by 21 homes from March)

Stuart FL 34997 Residential Market Report April 2016

      The Stuart Florida Residential Market for ZIP Code 34997 continues as the largest and the most active segment of the Martin County single family real estate market.  Closed and pending sales had a second month of large improvements from last month as this segment of the Stuart residential real estate market remains very active and at a big advantage for sellers.
     The current one month absorption rate plunged to 3.1 months (was 3.9 months for March).  Even a stronger sellers market for the 34997 segment of the Stuart residential market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2015 numbers for April, were: 315 active listings, 223 pending listings and 98 closed sales.  Very similar activity to last year.
Stuart FL 34997 Residential Market Report April 2016

Search here for 34997 Zip Code of Stuart FL real estate for sale

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Stuart FL 34997 Residential Market Report April 2016

 

Stuart FL 34996 Condo Market Report April 2016

05.15.16 by

Stuart FL 34996 Condo Market Report April 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for April 2016

For April 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 126 active condo listings (Up by 12 condos last month).

Stuart FL 34996 Condo Market Report April 2016

48 Condo sales are pending and awaiting close or lender approval (Decreased by 5 condos from March).

Stuart FL 34996 Condo Market Report April 2016

37 Condos Sold in April (Increased by 6 condos from March) 

Stuart FL 34996 Condo Market Report April 2016

The Stuart FL 34996 Condo Market of Stuart showed strong sales volume and a welcome increase in inventory for this April 2016 market report.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 plunged to only 3.4 months from March’s 3.9 months.  Even a stronger sellers market for April when compared to earlier months.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for April 2015 were: 110 active listings, 55 pending sales and 23 closed sales.  Impressively, better closed sales for this year.  And, also one of the few segments of our market with greater inventory than was available last year.

Stuart FL 34996 Condo Market Report April 2016

Search Stuart FL Condos by Price Below:

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report April 2016

Stuart FL 34996 Residential Market Report April 2016

05.14.16 by

Stuart FL 34996 Residential Market Report April 2016

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for April 2016

 

For April 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 151 active listings (Down by 12 homes from March).

Stuart FL 34996 Residential Market Report April 2016

55 Residential sales are pending and awaiting close or lender approval (Up by 4 homes from March).

Stuart FL 34996 Residential Market Report April 2016

25 Homes Sold in April (Increased by 2 homes from March).

Stuart FL 34996 Residential Market Report April 2016

The 34996 zip code area of the Stuart Florida residential real estate market showed some gains in all tracked criteria for April.  Though, the inventory continues to decline.

The one month absorption rate for the 34996 zip code area of Stuart Florida for April decreased to 6 months as compared to March’s 7.1 months.  A balanced market for this section of Martin County.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for April of 2015 were: 173 active listings, 29 pending sales and 18 closed sales.  Considerably better volume this year than for April of last year even with a reduced inventory.  Quite impressive.

Stuart FL 34996 Residential Market Report April 2016

 Search here for real estate in the 34996 Zip Code of Stuart FL

Stuart Florida Real Estate presented by:

the Gabe Sanders real estate team

Stuart FL 34996 Residential Market Report April 2016

Stuart FL 34994 Condo Market Report April 2016

05.13.16 by

Stuart FL 34994 Condo Market Report April 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for April 2016

For April 2016 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 97 active condo listings (Up by 1 condos from March).

Stuart FL 34994 Condo Market Report April 2016

35 Condo sales are pending and awaiting close or lender approval. (Decreased by 3 condos from last month) 

Stuart FL 34994 Condo Market Report April 2016

19 Condos Sold in April (Up by 4 condos from March).

Stuart FL 34994 Condo Market Report April 2016

The Stuart FL 34994 Condo market showed some small gains in volume for April and continues to show strong real estate market activity.

The one month absorption rate increased to 5.1 months compared to last month’s 6.4.   Back, once again, into a sellers market for condos in Stuart’s 34994 zip code area.  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 93 active listings, 40 pending sales, and 19 closed sales.   Similar volumes when compared to last year’s April numbers, though pending sales were better last year.

Stuart FL 34994 Condo Market Report April 2016

Search for Stuart FL Condos by Price Below:

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Stuart Florida Market Report ZIP Code 34994 – Condo, April 2016

Sewalls Point Single Family Market Report April 2016

05.11.16 by

Sewalls Point Single Family Market Report April 2016

Sewalls Point Real Estate Snapshot, Residential Sales for April 2016

There are currently 68 active listings (Down by 2 homes since last month)

Sewalls Point Single Family Market Report April 2016

19 home sales are pending and awaiting close or lender approval (Increased by 5 homes from March)

Sewalls Point Single Family Market Report April 2016

3 Homes sold in April (Decreased by 3 home sales from March)

Sewalls Point Single Family Market Report April 2016

The single family real estate market in Sewalls Point showed a nice increase in pending sales for April, but unfortunately closed sales were once again less than expected.  There does seem to be very good showing activity, so I’m expecting sales to pick up as we head into the summer season.

The current absorption rate exploded to 22.7 months, in March it was 11.7 months. A very strong buyers market for Sewalls Point, and those who have dreamed of moving to Sewalls Point should consider taking advantage of this market while they can.  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 April of 2014, the inventory was 79 homes on the market, 11 pending sales and there were 6 closed sales.  The pending inventory is looking much better for this year.

Sewalls Point Single Family Market Report April 2016

 Search below for Sewalls Point Florida Real Estate for Sale

Rental Properties

Vacant Land Properties

Residential Properties

Sewalls Point Single Family Market Report April 2016

 

Hobe Sound FL 33455 Condo Market Report March 2016

04.23.16 by

Hobe Sound FL 33455 Condo Market Report March 2016

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for March 2016

 

For March 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 5 active condo listings. (Decreased by 4 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2016

7 Condos are pending and awaiting close. (Up by 2 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2016

3 Condos sold. (Up by 3 from last month)

 Hobe Sound FL 33455 Condo Market Report March 2016

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  March brought the first sale for condos in Hobe Sound for 2016.  Though, with such low inventory, it is hard to make any meaningful comparisons as long as this market remains like this.

There were no sales in Hobe Sound condos for both January and February, but for March the absorption rate is 1.7 months, for December of 2015 it was 4 months.  Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that may not reflect 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 March 2015 numbers were: 8 active listings, 9 pending sales and 4 closed sales.  Better activity last year with the slightly higher inventory.

Hobe Sound FL 33455 Condo Market Report March 2016

Search Hobe Sound Condominium Properties by Price

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report March 2016

 

Hobe Sound FL 33455 Residential Market Report March 2016

04.22.16 by

Hobe Sound FL 33455 Residential Market Report March 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for March 2016

  For March 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 206 active listings. (Down by 6 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2016

116 Residential sales are pending and awaiting close  (Up by 9 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2016

56 Homes Sold in March (Up by 19 homes from last month)

Hobe Sound FL 33455 Residential Market Report March 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County rebounded very strongly for March with increases in closed and pending sales.  With this kind of activity, the available inventory of homes for sale just isn’t enough to meet the buyers demands.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 3.8 months (7.6 months in February).  Back to a very strong sellers market after two months of either a balanced or buyers markets.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for March 2015 were:  220 active listings, 122 pending sales and 52 closed sales. Stronger closed sales for 2016, but better pending sales and a slightly greater inventory last March.

Hobe Sound FL 33455 Residential Market Report March 2016

Search here for Hobe Sound Florida Real Estate for Sale

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Hobe Sound FL 33455 Residential Market Report March 2016

Jensen Beach FL 34957 Condo Market Report March 2016

04.21.16 by

Jensen Beach FL 34957 Condo Market Report March 2016

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for March 2016

For March 2016 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 25 active listings. (Decreased by 1 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2016

13 Condo sales are pending and awaiting settlement. (Decreased by 5 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2016

9 Condos Sold (Decreased by 2 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2016

 The Jensen Beach FL 34957 Condo Market Report March 2016 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  The Jensen Beach condo inventory is the real issue with not enough to choose from for those buyers looking in the area.  Good listings at fair prices continue to fly off the market.

The one month absorption rate for the March 2016, Jensen Beach Florida Market Report ZIP Code 34957 plunged to 2.8  months (from 2.4 months in February), continuing as a pretty extreme sellers market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The March 2015 numbers were: 30 active listings, 21 pending sales and 5 condos closed.  Closed sales are better this year than last while pending sales were stronger last year.

Jensen Beach FL 34957 Condo Market Report March 2016

Jensen Beach Condominium Properties by Price

 

Jensen Beach Florida Real Estate presented by:
Gabe Sanders

Jensen Beach FL 34957 Condo Market Report March 2016

Jensen Beach FL 34957 Residential Market Report March 2016

04.20.16 by

Jensen Beach FL 34957 Residential Market Report March 2016

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for March 2016

 For March 2016 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 124 active listings. (Down by 4 homes from last month)

Jensen Beach FL 34957 Residential Market Report March 2016

66 Residential sales are pending and awaiting close or lender approval. (Down by 5 homes from February)

Jensen Beach FL 34957 Residential Market Report March 2016

29 Homes Sold (Increased by 9 homes from February)

Jensen Beach FL 34957 Residential Market Report March 2016

The Jensen Beach FL 34957 Residential Market had a good strong March with increased closed sales.  Unfortunately pending sales were off slightly and the inventory was also down a little.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 4.3 months (was 6.4 months in February).  After one month in a balanced market, we’re back into a sellers market.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The March 2015 numbers were: 142 active listings, 85 pending sales and 29 home sales closed.   The same number of closed sales for this year when compared to March of 2015 with less inventory and also less homes under contract.
Jensen Beach FL 34957 Residential Market Report March 2016

Search here for Jensen Beach Real Estate for Sale

Rental Properties

Residential Properties

All Residential properties for sale in the 34957 Zip Code area of Jensen Beach FL

Vacant Land Properties

Condominium Properties

Commercial Properties

 

Jensen Beach Florida Real Estate presented by:
the Gabe Sanders real estate team

Jensen Beach FL 34957 Residential Market Report March 2016

Palm City FL 34990 Condo Market Report March 2016

04.19.16 by

Palm City FL 34990 Condo Market Report March 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for March 2016

 

For March 2016 in the 34990 Zip Code area of Palm City, Florida :



There are currently 65 active condo listings. (No change in active condos from February)

   Palm City FL 34990 Condo Market Report March 2016

15 Condo sales are pending and awaiting close or lender approval. (Up by 1 condos from last month)

Palm City FL 34990 Condo Market Report March 2016

4 Condos Sold in March. (Down by 2 condos from February)

Palm City FL 34990 Condo Market Report March 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For March of 2015 sales were off while there was a small increase in pending sales.  Inventory is actually higher than in the recent past.

The current absorption rate for condos in the 34990 zip code area rose to 16.25 months (was 10.8 months in March).   An extreme buyers market for Palm City condos, though these numbers should be taken with a grain of salt because of the low number of available properties.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The March 2015 numbers were: 48 active listings, 15 pending sales and 6 closed sales.   Slightly better activity last year when compared to March of 2016, along with the unusual fact of greater inventory this year when compared to 2015.
Palm City FL 34990 Condo Market Report March 2016

Search for Palm City Condos by Price:

Palm City Florida Real Estate presented by:
Gabe Sanders

 

Palm City FL 34990 Condo Market Report March 2016

Palm City FL 34990 Residential Market Report March 2016

04.18.16 by

Palm City FL 34990 Residential Market Report March 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for March 2016

 

For March 2016 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 399 active listings (Decreased by 16 homes from February)

Palm City FL 34990 Residential Market Report March 2016

 179 Residential sales are pending and awaiting close or lender approval. (Increased by 17 homes from last month)

Palm City FL 34990 Residential Market Report March 2016

80 Homes Sold in February (Increased by 24 sold homes from February)

Palm City FL 34990 Residential Market Report March 2016

The Palm City FL, zip code 34990, residential real estate market jumped back into a sellers market after two months of somewhat slower closed and pending volume.  It looks to be a strong spring and summer market for Palm City in 2016.
The monthly absorption rate decreased to to 5 months from 7.4 months in February.  Back into a sellers market after two months of a buyers market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The March 2015 numbers were:  435 active listings, 188 pending sales and 68 closed sales.  Better closed volume for this year as compared to last year with less inventory.

Palm City FL 34990 Residential Market Report March 2016

 Search here for Palm City Florida Real Estate for Sale

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Palm City FL 34990 Residential Market Report March 2016

Stuart FL 34997 Condo Market Report March 2016

04.17.16 by

Stuart FL 34997 Condo Market Report March 2016

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2016

 

For March 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 75 active condo listings (Down by 3 condos from February).

Stuart FL 34997 Condo Market Report March 2016

38 Condo sales are pending and awaiting close or lender approval (No change in condos from February).

Stuart FL 34997 Condo Market Report March 2016

21 Condos Sold in March (Increased by 12 condos from February).

Stuart FL 34997 Condo Market Report March 2016

     The Stuart FL condo market for zip code 34997 for march showed improved activity in closed sales and maintained a healthy number of pending sales as well.  Unfortunately the inventory took a small drop.
     The one month absorption rate jumped to 3.6 months from 8.7 months for February.  Back into a sellers market after last months weaker buyers market. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The March 2015 numbers were: 43 active listings, 31 pending sales and 15 closed sales.  One of the few segments of the Martin County real estate market with a higher inventory this year as compared to last.  And, because of this, there’s better activity as well.

Stuart FL 34997 Condo Market Report March 2016

Search for Stuart Condos for Sale by Price:

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2016

 

 

Stuart FL 34997 Residential Market Report March 2016

04.16.16 by

Stuart FL 34997 Residential Market Report March 2016

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for March 2016

 

There are currently 308 active listings (Decreased by 13 homes from February).

Stuart FL 34997 Residential Market Report March 2016

175 Residential sales are pending and awaiting close or lender approval (Increased by 40 homes from February).

Stuart FL 34997 Residential Market Report March 2016

78 Homes Sold in March (Increased by 20 homes from February)

Stuart FL 34997 Residential Market Report March 2016Stuart FL 34997 Residential Market Report March 2016

      The Stuart Florida Residential Market for ZIP Code 34997 continues as the largest and the strongest segment of the Martin County single family real estate market.  Closed and pending sales made huge improvements from last month as this segment of the Stuart residential real estate market remains red hot.
     The current one month absorption rate plunged to 3.9 months (was 5.5 months for February).  A very strong sellers market for the 34997 segment of the Stuart residential market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2015 numbers for March, were: 351 active listings, 211 pending listings and 87 closed sales.  As hot as this market is, it was still outperformed last year, though there was a greater amount of inventory.
Stuart FL 34997 Residential Market Report March 2016

Search here for 34997 Zip Code of Stuart FL real estate for sale

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Stuart FL 34997 Residential Market Report March 2016

 

Stuart FL 34996 Condo Market Report March 2016

04.15.16 by

Stuart FL 34996 Condo Market Report March 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for March 2016

For March 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 114 active condo listings (Down by 4 condos last month).

Stuart FL 34996 Condo Market Report March 2016

53 Condo sales are pending and awaiting close or lender approval (Decreased by 5 condos from February).

Stuart FL 34996 Condo Market Report March 2016

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

Stuart FL 34996 Condo Market Report March 2016

The Stuart FL 34996 Condo Market of Stuart showed continued strengthening from a weaker first two months of the year.  Though the inventory remains stubbornly low and pending sales were off, which will indicate some reduction in closed volume for the future.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 plunged to only 3.9 months from February’s 6.6 months.  Back into a strong sellers market for March.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for March 2015 were: 110 active listings, 61 pending sales and 36 closed sales.  Still not as strong a market as last March.

Stuart FL 34996 Condo Market Report March 2016

Search Stuart FL Condos by Price Below:

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report March 2016