Stuart FL 34996 Residential Market Report March 2015

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

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

There are currently 166 active listings (Up by 8 homes from February).

37 Residential sales are pending and awaiting close or lender approval (Down by 2 homes from February).

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

The 34996 zip code area of the Stuart Florida residential real estate market continues to show improvement from a fairly anemic beginning of the year for 2015, though there’s still more room for improvement. Increase closed sales as well as inventory, along with a small decrease in pending sales for March.

The one month absorption rate for the 34996 zip code area of Stuart Florida for March decreased to 7.9 months as compared to February’s 13.2 months. Still a buyers’ market, though the trend is towards a balanced market. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for March of 2013 were: 162 active listings, 47 pending sales and 15 closed sales. We experienced more closed sales this year, but the pending (future) sales activity was better last year.

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Stuart FL 34996 Residential Market Report March 2015

Hobe Sound FL 33455 Residential Market Report February 2015

03.21.15 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report February 2015

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

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

There are currently 250 active listings. (Up by 19 homes from January)

98 Residential sales are pending and awaiting close (Up by 31 homes from January)

35 Homes Sold in February (Up by 2 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County showed some improvement for February after a somewhat slower start for the year. The largest jump was in pending sales which should result in some very strong sales activity in the next month or two.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased slightly to 7.1 months (7 months in January). Just a little shy of a balanced market for Hobe Sound. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for February 2013 were: 289 active listings, 98 pending sales and 26 closed sales. Considerably better activity with the lower number of active homes available on the market.

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Hobe Sound FL 33455 Residential Market Report February 2015

Jensen Beach FL 34957 Condo Market Report February 2015

03.20.15 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report February 2015

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

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

There are currently 40 active listings. (Unchanged from January)

14 Condo sales are pending and awaiting settlement. (Decreased by 5 condos from January)

9 Condos Sold (No change from January)

The Jensen Beach FL 34957 Condo Market Report February 2015 remains a small sector as far as condos in Martin County. Market activity for February remained almost identical to January with the exception of a decrease in pending sales, which may negatively effect closed sales in the coming months.

The one month absorption rate for the February 2015, Jensen Beach Florida Market Report ZIP Code 34957 remained unchanged at 4.4 months (also 4.4 months in January). A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The February 2014 numbers were: 27 active listings, 20 pending sales and 6 condos closed. Better activity this year, but also increased inventory, though still very low.

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Jensen Beach FL 34957 Condo Market Report February 2015

Jensen Beach FL 34957 Residential Market Report February 2015

03.19.15 by Gabe Sanders

Jensen Beach FL 34957 Residential Market Report February 2015

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

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

There are currently 146 active listings. (Down by 7 homes from last month)

85 Residential sales are pending and awaiting close or lender approval. (Up by 20 homes from January)

26 Homes Sold (Decreased by 2 homes from January)

The Jensen Beach FL 34957 Residential Market continues to show good strong activity with a strong increase in pending sales for this month and a slight drop in closed sales. The available inventory also took a slight decrease.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased slightly to 5.6 months (was 5.5 months in January). Still in a sellers market for Jensen Beach home sales. A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The February 2013 numbers were: 144 active listings, 82 pending sales and 26 home sales closed. Almost identical activity to last year’s February numbers.

Jensen Beach FL 34957 Residential Market Report February 2015

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Jensen Beach FL 34957 Residential Market Report February 2015

Palm City FL 34990 Condo Market Report February 2015

03.18.15 by Gabe Sanders

Palm City FL 34990 Condo Market Report February 2015

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

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

There are currently 54 active condo listings. (Down by 5 condos from January)

13 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from last month)

4 Condos Sold in February. (Up by 1 condo from January)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Sales for Palm City condos were up slightly for February, as were pending sales. Our active inventory is currently less than last year’s.

The current absorption rate for condos in the 34990 zip code area is 13.5 months (was 19.7 months in August). An improvement from last month, but still have a ways to go for a balanced market. 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 February 2013 numbers were: 63 active listings, 6 pending sales and 6 closed sales. Better activity last year, though only slightly and there was greater inventory.

Palm City FL 34990 Condo Market Report February 2015

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Palm City FL 34990 Condo Market Report February 2015

Palm City FL 34990 Residential Market Report February 2015

03.17.15 by Gabe Sanders

Palm City FL 34990 Residential Market Report February 2015

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

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

There are currently 450 active listings (Increased by 7 homes from January)

164 Residential sales are pending and awaiting close or lender approval. (Increased by 6 homes from last month)

55 Homes Sold in January (No change in sold homes from January)

The Palm City FL 34990 residential real estate continued with some fairly sluggish sold numbers while pending sales remain quite strong, so I’m anticipating a return to a more balanced market soon. The inventory also rose for the second month in a row, giving buyers more choices of homes.

The current absorption rate jumped to 8.2 months from 8.1 months in January. The second month in a row of a buyer’s market for Palm City residential real estate. A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The February 2013 numbers were: 472 active listings, 131 pending sales and 49 closed sales. Better activity for 2015 than as compared to last year, which started out fairly slow after a very heated 2013.

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Palm City FL 34990 Residential Market Report February 2015

Stuart FL 34997 Condo Market Report February 2015

03.15.15 by Gabe Sanders

Stuart FL 34997 Condo Market Report February 2015

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

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

There are currently 44 active condo listings (Unchanged from January).

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

13 Condos Sold in February (Increased by 2 condos from January).

The Stuart FL condo market for zip code 34997 continues to show very strong activity while inventory levels remain at uncomfortably low levels. For February 2015, both closed and pending sales saw increase.

The one month absorption rate dropped again to 3.4 months after last months amazing 4 month rate. Continuing as an extreme seller’s 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 February 2013 numbers were: 91 active listings, 37 pending sales and 9 closed sales. We have less than half of last years’ condo inventory for the 34997 zip code area of Stuart FL. Yest activity is almost as robust as last year. This is a very strong market for sellers and prices are being driven up by demand while there’s little supply.

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

Stuart FL 34997 Residential Market Report February 2015

03.14.15 by Gabe Sanders

Stuart FL 34997 Residential Market Report February 2015

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

There are currently 373 active listings (Increased by 25 homes from January).

202 Residential sales are pending and awaiting close or lender approval (Increased by 4 homes from January).

72 Homes Sold in February (Decreased by 4 homes from January)

The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market. We had a significant increase in inventory for February, though still under last years level. Continued strong pending and closed numbers even if slightly off from last month.

The current one month absorption rate increased to 5.2 months (was 4.6 months for January). Still a sellers market for the 34997 zip code area of Stuart, FL. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

The 2013 numbers for February, were: 424 active listings, 184 pending listings and 63 closed sales. For the first two months of 2015, activity has been superior to last year.

Stuart FL 34997 Residential Market Report February 2015

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Stuart FL 34997 Residential Market Report February 2015

Stuart FL 34996 Condo Market Report February 2015

03.13.15 by Gabe Sanders

Stuart FL 34996 Condo Market Report February 2015

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

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

There are currently 122 active condo listings (Down by 3 condos from last month).

60 Condo sales are pending and awaiting close or lender approval (Decreased by 2 condos from January).

25 Condos Sold in February (Increased by 2 condos from January)

The Stuart FL 34996 Condo Market continues to show strong results for 2015. My biggest concern is the continued decrease in inventory from last year. This is somewhat surprising as prices are going up and I would have thought more condo owners would be listing during our peak season.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 4.9 months from January’s 5.4 months . Moving to an even stronger sellers’ market for February. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for February 2013 were: 171 active listings, 52 pending sales and 30 closed sales. When the decreased inventory for this year is factored into the data, the sales activity is better this year by percentage of available condos.

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Stuart FL 34996 Condo Market Report February 2015

Stuart FL 34996 Residential Market Report February 2015

03.12.15 by Gabe Sanders

Stuart FL 34996 Residential Market Report February 2015

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

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

There are currently 158 active listings (Down by 2 homes from January).

39 Residential sales are pending and awaiting close or lender approval (Down by 2 homes from January).

12 Homes Sold in February (Increased by 5 homes from January).

The 34996 zip code area of the Stuart Florida residential real estate market rebounded a bit from a very poor start in January, though there’s still more room for improvement. Increase closed sales along with a small decrease in pending sales and inventory for February.

The one month absorption rate for the 34996 zip code area of Stuart Florida for February increased to 13.2 months as compared to January’s 22.9 months. A huge buyers’ market, though I suspect this will be a short time phenomenon. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for February of 2013 were: 152 active listings, 40 pending sales and 6 closed sales. Very similar activity to Feb. 2014. No significant differences other than double the number of closed sales.

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Stuart FL 34996 Residential Market Report February 2015

Hobe Sound FL 33455 Residential Market Report January 2015

02.21.15 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report January 2015

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

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

There are currently 231 active listings. (Down by 12 homes from December)

67 Residential sales are pending and awaiting close (Decreased by 4 homes from December)

33 Homes Sold in January (Up by 13 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County is in quite a roller coaster ride these past few months. We closed the year off with a positive note as closed sales came back up nicely. Unfortunately pending sales decreased a little and the inventory continues to decline as well.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 decreased to 7 months (12.2 months in December). We’re edging back into a balanced market for Hobe Sound. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for January 2013 were: 266 active listings, 75 pending sales and 43 closed sales. We have lower inventory this year when compared to 2013. Also, a reduced market activity as well.