Palm City FL 34990 Residential Market Report December 2015

Palm City FL 34990 Residential Market Report December 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2015

For December 2015 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 375 active listings (Decreased by 14 homes from November)

Palm City FL 34990 Residential Market Report December 2015

 114 Residential sales are pending and awaiting close or lender approval. (Decreased by 8 homes from last month)

Palm City FL 34990 Residential Market Report December 2015

60 Homes Sold in November (Increased by 13 sold homes from November)

Palm City FL 34990 Residential Market Report December 2015

After a fairly weak November, the Palm City FL 34990 came back strong for December.  Unfortunately the inventory decreased this month after some much needed increases in the past few months. Pending sales were off a little while we had a nice jump in closed sales.
 The current absorption rate increased to to 6.3 months from 8.3 months in November.  Back into a balanced 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 December 2014 numbers were:  431 active listings, 116 pending sales and 76 closed sales.  Better closed activity last year, though pending sales are just as strong this year even with the reduced inventory.

Palm City FL 34990 Residential Market Report December 2015

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Palm City Florida Real Estate presented by:
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Palm City FL 34990 Residential Market Report December 2015

Stuart FL 34997 Condo Market Report December 2015

Stuart FL 34997 Condo Market Report December 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2015

For December 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 63 active condo listings (Up by 5 condos from November).

Stuart FL 34997 Condo Market Report December 2015

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

Stuart FL 34997 Condo Market Report December 2015

21 Condos Sold in December (Increased by 12 condos from November).

Stuart FL 34997 Condo Market Report December 2015

     The Stuart FL condo market for zip code 34997 continues with excellent activity for December.  Our inventory rose for the fifth month in a row and we now have surpassed last years active number of condos for sale.  Pending sales were off unfortunately, but there was a very strong month of closed sales in December.
     The one month absorption rate plunged to 3 months from 6.4 months for November.  Back into a strong sellers market after last months balanced market. Continuing a trend prevalent for most of the past year.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The December 2014 numbers were: 44 active listings, 15 pending sales and 5 closed sales.  Much better closed activity this year as compared to 2014.  Encouragingly, the inventory of condos in the 34997 zip code is up from last year.

Stuart FL 34997 Condo Market Report December 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2015

Stuart FL 34997 Residential Market Report December 2015

Stuart FL 34997 Residential Market Report December 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2015

There are currently 308 active listings (Decreased by 3 homes from November).

Stuart FL 34997 Residential Market Report December 2015

163 Residential sales are pending and awaiting close or lender approval (Decreased by 1 homes from November).

Stuart FL 34997 Residential Market Report December 2015

62 Homes Sold in December (Decreased by 3 homes from November)

Stuart FL 34997 Residential Market Report December 2015

      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.  For December, there has been very little changes from the previous month.
     The current one month absorption rate remained almost the same at 5.0  months (was 4.8 months for November).  Continuing as a sellers market for the 34997 segment of the Stuart residential market for all of the year.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for December, were: 337 active listings, 177 pending listings and 79 closed sales.  Better activity across the board from 2014, though the percentages are similar when the reduced inventory is factored into the equation.
Stuart FL 34997 Residential Market Report December 2015

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Stuart FL 34997 Residential Market Report December 2015

Stuart FL 34996 Condo Market Report December 2015

Stuart FL 34996 Condo Market Report December 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2015

For December 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 102 active condo listings (Up by 8 condos last month).

Stuart FL 34996 Condo Market Report December 2015

31 Condo sales are pending and awaiting close or lender approval (Decreased by 1 condos from November).

Stuart FL 34996 Condo Market Report December 2015

18 Condos Sold in December (Increased by 2 condos from November) 

Stuart FL 34996 Condo Market Report December 2015

The Stuart FL 34996 Condo Market of Stuart continues to do well.  Another increase in inventory that we were in bad need of.  And, pending and closed sales continue to do well.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 decreased to 5.7 months from November’s 5.9 months.  A small move towards a sellers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for December 2014 were: 142 active listings, 47 pending sales and 21 closed sales.  Somewhat slower market activity for 2015 as compared to last year, though in large measure due to the reduced inventory of available condos for sale.

Stuart FL 34996 Condo Market Report December 2015

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Stuart FL 34996 Condo Market Report December 2015

Stuart FL 34996 Residential Market Report December 2015

Stuart FL 34996 Residential Market Report December 2015

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2015

For December 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 170 active listings (Up by 23 homes from November).

Stuart FL 34996 Residential Market Report December 2015

24 Residential sales are pending and awaiting close or lender approval (Down by 10 homes from November).

Stuart FL 34996 Residential Market Report December 2015

12 Homes Sold in December (Increased by 6 homes from November).

Stuart FL 34996 Residential Market Report December 2015

The 34996 zip code area of the Stuart Florida residential real estate market is on a bit of a roller coaster as we regained all of the lost inventory from last month.  Sales also doubled from November, though there’s still plenty of room for improvement.

The one month absorption rate for the 34996 zip code area of Stuart Florida for December improved dramatically to 14.2 months as compared to November’s 23.8 months.  Still a buyers market for this section of Martin County, but much improved from last month.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for December of 2014 were: 176 active listings, 11 pending sales and 24 closed sales.  Considerably better sales activity last year, while future sales look better for next year with the better pending numbers.

Stuart FL 34996 Residential Market Report December 2015

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Stuart FL 34996 Residential Market Report December 2015

Summerfield Pool Home Sold

Summerfield Pool Home Sold

2578 SE Stonebriar Way has been sold by the Gabe Sanders BlueWater realty team.  We introduced the buyers to this wonderful home and they have now taken possession and have begun their new life down here in Stuart, Florida.

Summerfield Pool Home

A true luxury home, totally customized from the builder’s plan with the finest materials & taste. Including gorgeous 20″ diagonal tile floors, plus custom mill work & moldings throughout. Leaded glass entry doors. Expanded kitchen with top quality granite counters & top of the line stainless steel appliances. Full wall of pocket sliding doors open to 40×40 lanai with spectacular free form waterfall pool & spa. Extra long garage & full accordion storm shutters. Very private cul-de-sac setting with lush landscaping. This home will impress the most particular buyer.

Summerfield Pool Home Summerfield Pool Home

Summerfield Pool Home Summerfield Pool Home

Summerfield Golf Club is located on over 275 acres and hosts a little over 500 single family homes adjoining the Champions Golf Course.  Selected as one of the top 10 Golf Courses he nation by Golf Magazine in 1995, it is the first public golf course awarded the Audubon Signature Sanctuary Statuary because of its natural beauty.  This Tom Fazio designed course is open to the public with very reasonable membership fees.  Visit the Champions Course web site for more information at http://www.thechampionsgolfclub.com/

Summerfield Golf Club

The residential section is known as Summerfield Golf Club and is a secured gated community with homes ranging in size from smaller 2 bedroom coach homes of around 1500 square feet up to 5 bedroom estate homes boasting over 3,000 square feet of living area.

the Champions Club at Summerfield

Summerfield boasts an exceptionally large community pool and clubhouse with dining and entertainment facilities, fitness center and a professional 6 court Tennis club.  All of these amenities available at very reasonable HOA fees, along with the convenience of on-site manager to handle any issues that may arise.

Summerfield Golf Club

Very conveniently located near US-1 and Cove Rd, residents can enjoy close proximity to shopping, medical facilities with downtown Stuart only minutes away and only 30 minutes to the palm Beaches.  Easy access to I-95 where travel to Orlando or Miami is only 2 hours by car.

the Champions Club at Summerfield

Summerfield Golf Club

The following homes are currently available for sale in Summerfield:

Summerfield Golf Club Homes for Sale

Stuart Florida Real Estate

Summerfield Pool Home Sold

Ocean View Condos December 2015 Market Report

Ocean View Condos December 2015 Market Report

Only one ocean View condo is currently on the market. This is a riverfront unit that is listed for $264,000 or $215.16 per sq. ft. of living area.

No condos are currently under contract in Ocean View.

In the past 12 months, 3 condos have sold in Ocean View.  Sales prices were from $202,000 up to $255,000 with an average sales price of $235,666 or $190.72 per sq. ft.  These three condos sold for an average of 94% of list price and were on the market an average of 205 days prior to having an accepted offer.

 Aerial view of Ocean View Condo on Hutchinson Island

Ocean View Condo on Hutchinson Island

Located on the unspoiled Barrier Island of Hutchinson Island in Jensen Beach, Florida in Martin County, the Ocean View Condominium complex consists  is a complex of five separate condominium buildings. Two of which are on the ocean and the remaining three on the Intracoastal waterway.  Amenities include heated pools, docks available for sale or lease as well as tennis.  All conveniently located between the Stuart and Jensen beach Causeways in beautiful Martin County, FL

Beach of Ocean View Condo on Hutchinson IslandDocks of Ocean View Condo on Hutchinson Island Search for all Ocean View Condos on Hutchinson Island


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Hansons Landing Waterfront Condo Sold in 1 Day

Hansons Landing Waterfront Condo Sold in 1 Day

Sold for full price in only one day on the market for $379,000. This Hansons Landing waterfront condo received the highest sale price since 2007.  Call the Gabe Sanders BlueWater realty team if you’re looking to get the best possible results for today’s real estate market.

Spectacular waterfront condo with water views from almost every room. This 3 bedroom, 2 bathroom condo has been extensively updated with wood floors, granite counters in the kitchen with newer appliances and cabinets. One covered carport comes with this condo and numerous off street parking spaces are also available. There’s a full sized washer and dryer in the living area. All ages are welcome and one small pet (under 25 lbs.) is allowed. There’s a clubhouse, heated swimming pool, spa, tennis courts and kayak storage for all residents. In addition, for those wanting a true country club lifestyle, memberships are available to the Miles Grant Country Club that is right next door and includes golf, tennis and social activities. Close by the condo is the entrance to the community docks. These docks are all privately owned and individual arrangements would need to be made to lease or purchase a slip.

Rocky Point Waterfront Condo

With all these wonderful amenities, the best part is still the views. It’s almost like being on a very solid yacht.  This condo is located at 6142 SE Landing Way in Stuart, FL.  Building 9 Suite 1.  The list price is $379,000.

Rocky Point Waterfront Condo Rocky Point Waterfront Condo

About Hansons Landing

Located on 27 acres along the Intracoastal Waterway at the south east tip of Rocky Point is the Hanson’s Landing Condominiums. This complex is adjacent to the Miles Grant Country Club and residents have the option of becoming social or full golf members of the country club.

Rocky Point Waterfront Condo Rocky Point Waterfront Condo

Condos in Hanson’s Landing range from 2 bedroom, 2 bathroom units of 1,135 sq. ft. of living area up to 1,460 sq. ft. 3 bedroom and 2 bathroom units. A number of condos have covered carports for parking while others have reserved off street spaces along with ample guest parking. The buildings of Hanson’s Landing were built from 1985 to 1996. All condos overlook a lake, canal or Intracoastal Waterway.

Rocky Point Waterfront Condo Rocky Point Waterfront Condo

Amenities include a heated outdoor swimming pool, tennis courts, horseshoe court, and a club house that hosts social and meeting functions

There is also a community dock with 18 slips that are deeded to condo owners. These docks may be transferred among Hanson’s Landing owners as well as rented to residents. Those looking to manually enjoy the river, there is a kayak/canoe racks for owner to store their personal watercraft.

Rocky Point Waterfront Condo

All ages are welcome here and 1 pet under 25 lbs. is also allowed. For those interested in investing or making these condos pay for themselves, rentals are allowed for a minimum of 3 months at a time for up to two times a year.

Rocky Point Waterfront Condo

As of October 2015, the HOA fees were $304 per month which includes lawn service, basic cable TV, trash removal and maintenance of the exterior of the building and insurance.

Here are the currently available Hanson’s Landing Condos for Sale

Hobe Sound FL 33455 Residential Market Report November 2015

Hobe Sound FL 33455 Residential Market Report November 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for November 2015

  For November 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 166 active listings. (Down by 6 homes from October)

Hobe Sound FL 33455 Residential Market Report November 2015

75 Residential sales are pending and awaiting close  (Up by 7 homes from October)

Hobe Sound FL 33455 Residential Market Report November 2015

28 Homes Sold in November (Down by 16 homes from last month)

Hobe Sound FL 33455 Residential Market Report November 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County showed less sale as compared to last month, bur continued strong activity and a very good number of pending sales, indicating strong sales for the near future.  After a couple of months of increased inventory, the trend reversed for November.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 5.9 months (3.9 months in October).  Just shy of a balanced market for November.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for November 2014 were:  243 active listings, 71 pending sales and 20 closed sales. Considerably better activity this year with a much reduced inventory.

Hobe Sound FL 33455 Residential Market Report November 2015

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Hobe Sound FL 33455 Residential Market Report November 2015

Jensen Beach FL 34957 Condo Market Report November 2015

Jensen Beach FL 34957 Condo Market Report November 2015

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for November 2015

For November 2015 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 36 active listings. (Increased by 12 condos from October)

Jensen Beach FL 34957 Condo Market Report November 2015

17 Condo sales are pending and awaiting settlement. (Unchanged from October)

Jensen Beach FL 34957 Condo Market Report November 2015

2 Condos Sold (Decreased by 2 condos from October)

Jensen Beach FL 34957 Condo Market Report November 2015

 The Jensen Beach FL 34957 Condo Market Report November 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  Nice big jump in inventory for the month, bringing us closer to what we had last year.  Though, activity this month was pretty weak.

The one month absorption rate for the November 2015, Jensen Beach Florida Market Report ZIP Code 34957 rose to 18  months (from 6 months in October), bringing this segment of the Martin County condo market back into a strong buyers market for the first time in quite a while.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The November 2014 numbers were: 38 active listings, 15 pending sales and 4 condos closed.  Slightly weaker activity for Jensen Beach condos this year as compared to last.

Jensen Beach FL 34957 Condo Market Report November 2015

Jensen Beach Condominium Properties by Price

 

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Jensen Beach FL 34957 Condo Market Report November 2015

Jensen Beach FL 34957 Residential Market Report November 2015

Jensen Beach FL 34957 Residential Market Report November 2015

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for November 2015

 For November 2015 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 122 active listings. (Up by 3 homes from last month)

Jensen Beach FL 34957 Residential Market Report November 2015

70 Residential sales are pending and awaiting close or lender approval. (Up by 22 homes from October)

Jensen Beach FL 34957 Residential Market Report November 2015

18 Homes Sold (Decreased by 9 homes from October)

Jensen Beach FL 34957 Residential Market Report November 2015

The Jensen Beach FL 34957 Residential Market continues to be a strong market.  Closed sales were off some for November, though with the large increase in pending sales, this should indicate strong sales continuing through the holiday season.  Also, nice to see some increase in inventory, even if it was just a small bump.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 6.8 months (was 4.9 months in October).  Back into a balanced market for Jensen Beach residential home sales.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The November 2014 numbers were: 134 active listings, 55 pending sales and 24 home sales closed.   Better closed activity last year, though with the greater pending activity for this year, this may soon change.
Jensen Beach FL 34957 Residential Market Report November 2015

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Rental Properties

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

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Jensen Beach FL 34957 Residential Market Report November 2015

Palm City FL 34990 Condo Market Report November 2015

Palm City FL 34990 Condo Market Report November 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2015

 

For November 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 53 active condo listings. (Decreased by 1 condos from October)

Palm City FL 34990 Condo Market Report November 2015

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

Palm City FL 34990 Condo Market Report November 2015

8 Condos Sold in November. (Up by 5 condos from October)

Palm City FL 34990 Condo Market Report November 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For November this segment of our market had a nice jump in closed sales sending us into a balanced market.  It would be nice to see this trend continue.

The current absorption rate for condos in the 34990 zip code area plunged to 6.6 months (was 18 months in November).   Back into a balanced market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The November 2014 numbers were: 61 active listings, 11 pending sales and 2 closed sales.   Better closed activity this year, with a slightly reduced inventory.  Though, pending sales were better last year.
Palm City FL 34990 Condo Market Report November 2015

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Palm City FL 34990 Condo Market Report November 2015

Palm City FL 34990 Residential Market Report November 2015

Palm City FL 34990 Residential Market Report November 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for November 2015

 

For November 2015 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 389 active listings (Increased by 12 homes from October)

Palm City FL 34990 Residential Market Report November 2015

 122 Residential sales are pending and awaiting close or lender approval. (Decreased by 15 homes from last month)

Palm City FL 34990 Residential Market Report November 2015

47 Homes Sold in October (Decreased by 11 sold homes from October)

Palm City FL 34990 Residential Market Report November 2015

After a very strong October, the Palm City FL 34990 had a moderating month for November.  The inventory continues to see some increases, while both pending and closed sales were off.  Whether this is a result of the holiday season or possibly prices having risen to fast, I just can’t tell at this point, but this development bears watching.
 The current absorption rate increased to to 8.3 months from 6.5 months in October.  Into 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 November 2014 numbers were:  433 active listings, 124 pending sales and 56 closed sales.  A little less volume of closed sales as compared to last year.  Though, still with less inventory also.

Palm City FL 34990 Residential Market Report November 2015

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Palm City FL 34990 Residential Market Report November 2015

Stuart FL 34997 Condo Market Report November 2015

Stuart FL 34997 Condo Market Report November 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2015

 

For November 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 58 active condo listings (Down by 1 condos from October).

Stuart FL 34997 Condo Market Report November 2015

29 Condo sales are pending and awaiting close or lender approval (Increased by 8 condos from October).

Stuart FL 34997 Condo Market Report November 2015

9 Condos Sold in November (Decreased by 3 condos from October).

Stuart FL 34997 Condo Market Report November 2015

     The Stuart FL condo market for zip code 34997 showed positive results for November.  Our inventory rose for the fourth month in a row and we  now have surpassed last years figures.  Pending sales rose by a good margin while closed sales were off.  Indications look very positive for the height of the season for condos coming in the next few months.
     The one month absorption rate increased to 6.4 months from 4.9 months for October.  Back into a balanced market after last months sellers market. Continuing a trend prevalent for most of the past year.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The November 2014 numbers were: 51 active listings, 25 pending sales and 10 closed sales.   Very similar volume of sales and pending sales to last year.  Encouragingly, the inventory of condos in the 34997 zip code is up from last year.

Stuart FL 34997 Condo Market Report November 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2015

 

 

Stuart FL 34997 Residential Market Report November 2015

Stuart FL 34997 Residential Market Report November 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2015

 

There are currently 311 active listings (Increased by 3 homes from October).

Stuart FL 34997 Residential Market Report November 2015

164 Residential sales are pending and awaiting close or lender approval (Increased by 1 homes from October).

Stuart FL 34997 Residential Market Report November 2015

65 Homes Sold in November (Decreased by 1 homes from October)

Stuart FL 34997 Residential Market Report November 2015

      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.  We’ve had three months of increased inventory, and the sales activity seems to be absorbing all this product very strongly as we remain in a sellers market.
     The current one month absorption rate remained almost the same at 4.8  months (was 4.7 months for October).  Continuing as a sellers market for the 34997 segment of the Stuart residential market for all of the year.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for November, were: 346 active listings, 174 pending listings and 56 closed sales.  Better closed activity this year, though still not as much inventory as we had last year.
Stuart FL 34997 Residential Market Report November 2015

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Stuart Florida Real Estate presented by:
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Stuart FL 34997 Residential Market Report November 2015

 

Stuart FL 34996 Condo Market Report November 2015

Stuart FL 34996 Condo Market Report November 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for November 2015

For November 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 94 active condo listings (Up by 15 condos last month).

Stuart FL 34996 Condo Market Report November 2015

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

Stuart FL 34996 Condo Market Report November 2015

16 Condos Sold in November (Decreased by 10 condos from October) 

Stuart FL 34996 Condo Market Report November 2015

The Stuart FL 34996 Condo Market of Stuart continues to do well.  The inventory had a nice increase, now two months in a row, as well as an increase in the number of pending sales.  Unfortunately, closed sales were off for November.  Though, I suspect the number of sales will rise dramatically as we enter the season in the next few months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 5.9 months from October’s 3.0 months.  Approaching a balanced market after numerous months of a very strong sellers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for November 2014 were: 144 active listings, 48 pending sales and 24 closed sales.  Much better closed and pending volume last year, though the inventory of available condos is still lower by a considerable margin.

Stuart FL 34996 Condo Market Report November 2015

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Stuart FL 34996 Condo Market Report November 2015

Stuart FL 34996 Residential Market Report November 2015

Stuart FL 34996 Residential Market Report November 2015

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for November 2015

 

For November 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 143 active listings (Down by 18 homes from October).

Stuart FL 34996 Residential Market Report November 2015

34 Residential sales are pending and awaiting close or lender approval (Up by 17 homes from October).

Stuart FL 34996 Residential Market Report November 2015

6 Homes Sold in November (Decreased by 6 homes from October).

Stuart FL 34996 Residential Market Report November 2015

The 34996 zip code area of the Stuart Florida residential real estate market lost most of the increased inventory from last month.  Much of it appears to have gone under contract with the increase in the number of pending sales.  Unfortunately, closed sales were a bit disappointing.

The one month absorption rate for the 34996 zip code area of Stuart Florida for November continued to slide up to an atrocious 23.8 months as compared to October’s 13.4 months.  A very strong buyers market for this section of Martin County.  Though, with the big increase in pending sales, this may not be a very long lived phenomenon. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for November of 2014 were: 163 active listings, 31 pending sales and 16 closed sales.  Fewer closed sales this year, while having a grater number of pending sales with less inventory.

Stuart FL 34996 Residential Market Report November 2015

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

Stuart Florida Real Estate presented by:

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Stuart FL 34996 Residential Market Report November 2015

Palm City Farms December 2015 Market Update

Palm City Farms December 2015 Market Update

There are currently 70 homes on the market in Palm City Farms.  Listing prices range from $60,000 to $4,900,000.  The average listing price comes out to $619,986 (median $527,400) which is a per square ft. of living area price of $225.11 (median $178.11).

There are currently 22 homes under contract awaiting settlement.  Listing prices ranged from $40,000 to $1,750,000, for an average of $516,799 which equals $160.00 per sq. ft. of living area.  These homes averaged 121 days on the market prior to accepting the current offers.

In the past 12 months, 82 homes have sold in Palm City Farms with sales prices ranging from $20,000 to $813,000 for an average sales price of $327,983 or $135.08 per sq. ft. of living area. These sales averaged for 96% of the last listed price and were under contract in an average of 91 days after being listed.


Homes and Land for Sale in Palm City Farms


If you’re looking for an area of secluded acreage, yet still be close to shopping, entertainment the beach and navigable waterways Palm City Farms may just be the dream setting you are looking for.  Prices are currently more affordable than they have been in the past 5 or 6 years.

Homes and Land in Palm City Farms


Beautiful acreage with 5 acre and larger home sites and vacant land abound in Palm City Farms. This is the perfect location for your equestrian needs as well as many other agricultural uses.  All within minutes of Martin County ‘A’ rated schools, shopping, beaches and easy access to I-95 and Florida’s Turnpike.

Homes and Land for Sale in Palm City, Farms

For additional information about Palm City Farms please contact us.

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Palm City Farms December 2015 Market Update

Hobe Sound FL 33455 Residential Market Report October 2015

Hobe Sound FL 33455 Residential Market Report October 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for October 2015

  For October 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 172 active listings. (Up by 10 homes from September)

Hobe Sound FL 33455 Residential Market Report October 2015

68 Residential sales are pending and awaiting close  (Down by 21 homes from September)

Hobe Sound FL 33455 Residential Market Report October 2015

44 Homes Sold in October (Up by 12 homes from last month)

Hobe Sound FL 33455 Residential Market Report October 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County has finally had a couple of months of increased inventory.  This was sorely needed as the pool of available homes for sale was getting to a historically low level.  And, activity continues to be very strong in this market, even as we approach our slower off season.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped down to 3.9 months (5.1 months in September).  Even a stronger sellers’ market for Hobe Sound, after edging closer to a healthier balanced market last month.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for October 2014 were:  250 active listings, 55 pending sales and 58 closed sales. Better closed activity last year, though our pending numbers are higher for 2015.  All of this with a considerably reduced inventory.

Hobe Sound FL 33455 Residential Market Report October 2015

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

Hobe Sound FL 33455 Residential Market Report October 2015

Jensen Beach FL 34957 Condo Market Report October 2015

Jensen Beach FL 34957 Condo Market Report October 2015

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for October 2015

 

For October 2015 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 24 active listings. (Increased by 2 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2015

17 Condo sales are pending and awaiting settlement. (Up by 5 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2015

4 Condos Sold (Decreased by 2 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2015

 The Jensen Beach FL 34957 Condo Market Report October 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  It was good to see an increase in inventory, though it is still at historically low levels.  Activity remains quite strong.

The one month absorption rate for the October 2015, Jensen Beach Florida Market Report ZIP Code 34957 rose to 6  months (from 3.7 months in September), bringing this segment of the Martin County condo market back into a balanced one.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The October 2014 numbers were: 33 active listings, 14 pending sales and 3 condos closed.  Overall a slight improvement this year as compared to 2014.

Jensen Beach FL 34957 Condo Market Report October 2015

Jensen Beach Condominium Properties by Price

 

Jensen Beach Florida Real Estate presented by:
Gabe Sanders

Jensen Beach FL 34957 Condo Market Report October 2015