Jensen Beach FL 34957 Residential Market Report December 2014

01.19.15 by

Jensen Beach FL 34957 Residential Market Report December 2014

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for December 2014

 For December 2014 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 140 active listings. (Up by 6 homes from last month)

Jensen Beach FL 34957 Residential Market Report December 2014

56 Residential sales are pending and awaiting close or lender approval. (Up by 1 home from November)

Jensen Beach FL 34957 Residential Market Report December 2014

33 Homes Sold (Increased by 9 homes from November)

Jensen Beach FL 34957 Residential Market Report December 2014

The Jensen Beach FL 34957 Residential Market Report shows a strong ending to 2014.  Another small rise in inventory along with a nice jump in closed sales.  Pending sales remained steady with an increase iin 1 home
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 4.2 months (was 5.6 months in November).  Drifting into even a stroger 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 December 2013 numbers were: 135 active listings, 51 pending sales and 27 home sales closed.  Slightly higher inventory this year as compared to last. Also, better market activity for both closed and pending sales.
Jensen Beach FL 34957 Residential Market Report December 2014

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Jensen Beach FL 34957 Residential Market Report December 2014

Palm City FL 34990 Condo Market Report December 2014

01.18.15 by

Palm City FL 34990 Condo Market Report December 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2014

 

For December 2014 in the 34990 Zip Code area of Palm City, Florida :



There are currently 61 active condo listings. (Unchanged from November)

Palm City FL 34990 Condo Market Report December 2014

6 Condo sales are pending and awaiting close or lender approval. (Decreased by 5 condos from last month)

Palm City FL 34990 Condo Market Report December 2014

6 Condos Sold in December. (Up by 4 condos from November)

Palm City FL 34990 Condo Market Report December 2014

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 picked up a little for the end of the year.  Unfortunately pending sales dropped.  The inventory remains unchanged.

The current absorption rate for condos in the 34990 zip code area is 10.2 months (was 30 months in August).   A big improvement from last month.  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 December 2013 numbers were: 66 active listings, 5 pending sales and 2 closed sales.   Slightly lower inventory for 2014 as compared to last year with better activity.
 Palm City FL 34990 Condo Market Report December 2014

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Palm City FL 34990 Condo Market Report December 2014

Palm City FL 34990 Residential Market Report December 2014

01.17.15 by

Palm City FL 34990 Residential Market Report December 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2014

 

For November 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 431 active listings (Decreased by 2 homes from November)

Palm City FL 34990 Residential Market Report December 2014

  115 Residential sales are pending and awaiting close or lender approval. (Decreased by 9 homes from last month)

Palm City FL 34990 Residential Market Report December 2014

76 Homes Sold in November (Up by 20 homes from November)

Palm City FL 34990 Residential Market Report December 2014

The Palm City FL 34990 residential real estate market ended 2014 with a strong run on closed sales.  Pending activity was off slightly as was the active inventory.  I am anticipating increased inventory as we head into 2015 as well as growing pending and closed sales in the months to follow.
 The current absorption rate decreased to 5.7 months from 7.7 months in November. Back into a sellers market after a two month slide into a buyers market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The December 2013 numbers were:  399 active listings, 140 pending sales and 73 closed sales.  Higher inventory for Palm City this year with very similar closed sales and less pending.  Market activity was stronger in 2013.

Palm City FL 34990 Residential Market Report December 2014

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Palm City FL 34990 Residential Market Report December 2014

Stuart FL 34997 Condo Market Report December 2014

01.16.15 by

Stuart FL 34997 Condo Market Report December 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2014

 

For December 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 44 active condo listings (Down by 7 condos from November).

Stuart FL 34997 Condo Market Report December 2014

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

Stuart FL 34997 Condo Market Report December 2014

5 Condos Sold in December (Decreased by 5 condos from November).

Stuart FL 34997 Condo Market Report December 2014

The Stuart FL condo market for zip code 34997 slowed considerably for the last month of 2014.  Both closed and pending sales were down.  The inventory also continues to decline to very low numbers.
 
The one month absorption rate rose to 8.8 months after last months amazing 5.1.  Back into a buyers market after many, many months of being a strong sellers 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 December 2013 numbers were: 88 active listings, 24 pending sales and 13 closed sales.  Down to exactly half of last years inventory.  We should see an increase in the coming months.

Stuart FL 34997 Condo Market Report December 2014

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2014

 

 

Stuart FL 34997 Residential Market Report December 2014

01.15.15 by

Stuart FL 34997 Residential Market Report December 2014

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2014

 

There are currently 337 active listings (Decreased by 9 homes from November).

Stuart FL 34997 Residential Market Report December 2014

177 Residential sales are pending and awaiting close or lender approval (Increased by 3 homes from November).

Stuart FL 34997 Residential Market Report December 2014

79 Homes Sold in December (Increased by 23 homes from November)

Stuart FL 34997 Residential Market Report December 2014

      The Stuart Florida Residential Market for ZIP Code 34997 is our largest and typically most active segment for the Stuart residential real estate market.  Activity is very strong in this zip code and the year ended in a strong way.  Unfortunately inventory continued to decline, while pending sales rose a little (though it remains very strong) and closed sales took a big jump.
 
     The current one month absorption rate dropped to 4.3  months (was 6.2 months for November).  Back into a strong 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 December, were: 394 active listings, 130 pending listings and 85 closed sales.  When the reduced inventory for this year is factored in, activity this year is considerably better.
 
Stuart FL 34997 Residential Market Report December 2014 
 

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Stuart FL 34997 Residential Market Report December 2014

Stuart FL 34996 Condo Market Report December 2014

01.14.15 by

Stuart FL 34996 Condo Market Report December 2014

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2014

For December 2014 in the 34996 Zip Code area of Stuart, Florida :

There are currently 142 active condo listings (Down by 2 condos from last month).

Stuart FL 34996 Condo Market Report December 2014

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

Stuart FL 34996 Condo Market Report December 2014

21 Condos Sold in December (Decreased by 3 condos from November) 

Stuart FL 34996 Condo Market Report December 2014

The Stuart FL 34996 Condo Market didn’t change much as compared to November.  Closed sales were off by 3 units while both the active inventory and pending sales declined slightly.  I expect to see an increase in activity as we gear up for 2015.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 6.8 months from November’s 6 months .  Slipping back towards a buyers market for December.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for December 2013 were: 173 active listings, 29 pending sales and 21 closed sales.  Even with considerably lower inventory, activity is much improved for the last month of 2014 as compared to 2013.

Stuart FL 34996 Condo Market Report December 2014

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Stuart FL 34996 Condo Market Report December 2014

Stuart FL 34996 Residential Market Report December 2014

01.13.15 by

Stuart FL 34996 Residential Market Report December 2014

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2014

 

For December 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 176 active listings (Up by 13 homes from November).

Stuart FL 34996 Residential Market Report December 2014

22 Residential sales are pending and awaiting close or lender approval (Down by 9 homes from November).

Stuart FL 34996 Residential Market Report December 2014

24 Homes Sold in December (Increased by 9 homes from November).

Stuart FL 34996 Residential Market Report December 2014

The 34996 zip code area of the Stuart Florida residential real estate market had increased inventory for December and a nice jump in closed sales.  Unfortunately pending sales were off.  I’m expecting continued increases in inventory as the new year gets under way and most likely an increase in pending sales as well.

The one month absorption rate for the 34996 zip code area of Stuart Florida for December decreased to 7.3 months as compared to November’s 10.9 months.  Still a buyers market, but almost back into a balanced one.  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 2013 were: 128 active listings, 25 pending sales and 16 closed sales.  For the 34996 residential real estate area, there’s a considerably more inventory of available homes this year when compared to last year.  Pending sales are not as strong as last year which may indicate a little weaker start to the year.  Closed sales were better for this year, though.

Stuart FL 34996 Residential Market Report December 2014

 

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Stuart FL 34996 Residential Market Report December 2014

Wide Waterfront Indian River Drive Home for Lease Under Contract

01.12.15 by

Wide Waterfront Indian River Drive Home for Lease Under Contract

This beautifully updated wide waterfront home on Indian River Drive.  Offered for an annual lease of $2,100 has just gone under contract.  If you have an interest, please let us know and we’ll put you on the backup list.

Waterfront Home on Indian River Drive

12647 Indian River Drive, a nicely updated Waterfront Indian River Drive Home, Sold on January 24, 2014 by the Gabe Sanders BlueWater  realty team.  Since the new owners will be retiring to this home in a few years, it will soon be available for a yearly lease.

Waterfront Home on Indian River Drive

Enjoy beautiful views of the Indian River from your home or the observation deck on the water. 3 bedroom/ 2 bath home with tile, stainless steel appliances, granite, pantry, screen porch, plantation shutters, high elevation, over 1/3 acre of land close to downtown Jensen Beach.

 Waterfront Home on Indian River Drive

Waterfront Home on Indian River Drive

Discover the last vestiges of old Florida charm and the best values for wide waterfront homes and estate sized land in South Florida today! Twelve miles of paradise on a two lane country road along the Treasure Coast between the Island Life Of Jensen Beach and the Historic Town of Ft. Pierce. Most of the homes on Indian River Drive will have the wide views of the Intracoastal (Indian River) on the east side and the unspoiled beauty of the Savannahs Preserve State Park on the west side.

The blue waters of the Atlantic Ocean are just minutes away. The famous Hutchinson Island is viewed by all residents along this designated Florida Scenic Route.

The early settlers of the Treasure Coast recognized the Tropical Beauty of this bit of paradise. Long used as transportation route for the pineapple plantation owners to ship their product to various ports-o-call. The Intracoastal has easy access to the Atlantic Ocean and is a safe haven for boaters. World class marine life is right at your doorstep and the fishing is some of the best in the world.

The high elevation along the drive adds drama and beauty to most homes along this scenic stretch of two lane road.

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Wide Waterfront Indian River Drive Home for Lease Under Contract

 

Pendarvis Court Waterfront Pool Home Palm City Sold

12.23.14 by

Pendarvis Court Waterfront Pool Home Palm City Sold

Sheila Everhart of the Gabe Sanders BlueWater Realty Team has brought the buyer for this Palm City Waterfront pool home. The sales price was $565,000.

Palm City Waterfront Home Pending

This beautiful home is nestled in a small 7 home waterfront community. Features include genuine wood plank floors, ceramic tile, two stone fireplaces, vaulted and tray ceilings, with pocket sliding doors that give clear unobstructed vistas of the pool, dock, and canal. There’s a separate living room with 3 bay windows, a large family room beside the kitchen with a fireplace that opens to the pool and waterfront. The spacious kitchen has granite counters and ample cabinets with a pass thru to the pool area. A real dream kitchen. The floor plan for this home has great flow for wonderful entertainment areas. A true boater’s paradise on a protected canal with over 185ft of seawall and a 42ft dock with electric and water as well as a 9000lb lift. A wonderful home in Palm City FL.

Palm City Waterfront Home Pending

Palm City Waterfront Home Pending

Palm City Waterfront Home Pending

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Pendarvis Court Waterfront Pool Home Palm City Sold

Hobe Sound FL 33455 Residential Market Report November 2014

12.22.14 by

Hobe Sound FL 33455 Residential Market Report November 2014

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for November 2014

  For November 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 243 active listings. (Down by 7 homes from October)

Hobe Sound FL 33455 Residential Market Report November 2014

 

71 Residential sales are pending and awaiting close  (Increased by 16 homes from October)

Hobe Sound FL 33455 Residential Market Report November 2014

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

Hobe Sound FL 33455 Residential Market Report November 2014

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County is in quite a roller coaster ride these past few months.  A fairly weak closed month for September, a strong October and now back to a weak month for November.  Inventory decreased slightly and there was a nice rise in pending sales.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 12.2 months (4.3 months in October).  Back into a buyers 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 November 2013 were:  277 active listings, 75 pending sales and 37 closed sales.   The Hobe Sound real estate market if one of the few areas with reduced inventory from last year.  Though overall activity was slower this month as compared to November of 2013.

Hobe Sound FL 33455 Residential Market Report November 2014

 

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Hobe Sound FL 33455 Residential Market Report November 2014

Jensen Beach FL 34957 Condo Market Report November 2014

12.21.14 by

Jensen Beach FL 34957 Condo Market Report November 2014

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for November 2014

 

For November 2014 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 38 active listings. (Up by 5 condos from October)

Jensen Beach FL 34957 Condo Market Report November 2014

15 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from October)

Jensen Beach FL 34957 Condo Market Report November 2014

4 Condos Sold (Up by 1 condo from October)

Jensen Beach FL 34957 Condo Market Report November 2014

 The Jensen Beach FL 34957 Condo Market Report November 2014 remains a small sector as far as condos in Martin County.  This month saw some nice small gains in every measured activity for the Jensen beach condo market.

The one month absorption rate for the November 2014, Jensen Beach Florida Market Report ZIP Code 34957 declined to 9.5 months (11 months in October), still a sellers market after a couple of weak summer months.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The November 2013 numbers were: 38 active listings, 16 pending sales and 2 condos closed.  With the exception of double the closed sales for 2014, identical activity to last year.

Jensen Beach FL 34957 Condo Market Report November 2014

 

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Jensen Beach FL 34957 Condo Market Report November 2014

Jensen Beach FL 34957 Residential Market Report November 2014

12.20.14 by

Jensen Beach FL 34957 Residential Market Report November 2014

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for November 2014

 

 For November 2014 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 134 active listings. (Up by 9 homes from last month)

Jensen Beach FL 34957 Residential Market Report November 2014

 

55 Residential sales are pending and awaiting close or lender approval. (Down by 7 homes from October)

Jensen Beach FL 34957 Residential Market Report November 2014

 

24 Homes Sold (Increased by 2 homes from October)

Jensen Beach FL 34957 Residential Market Report November 2014

 

The Jensen Beach FL 34957 Residential Market Report showed similar activity to last month.  The inventory rose for the second month in a row, while pending sales were off by 7 homes.  Closed sales were up slightly
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 5.6 months (was 5.7 months in October).  Still 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 November 2013 numbers were: 135 active listings, 60 pending sales and 32 home sales closed.  2013 was a more active market for the Jensen Beach residential segment. 
 
Jensen Beach FL 34957 Residential Market Report November 2014 
 

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Jensen Beach FL 34957 Residential Market Report November 2014

Palm City FL 34990 Condo Market Report November 2014

12.19.14 by

Palm City FL 34990 Condo Market Report November 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2014

 

For November 2014 in the 34990 Zip Code area of Palm City, Florida :



There are currently 61 active condo listings. (Up by 3 condos from October)

Palm City FL 34990 Condo Market Report November 2014

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

Palm City FL 34990 Condo Market Report November 2014

2 Condos Sold in November. (Down by 1 condo from October)

Palm City FL 34990 Condo Market Report November 2014 

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Continued activity, but not anything to write home about.  Slight increase in inventory and pending sales for this month with a small drop in closed sales.

The current absorption rate for condos in the 34990 zip code area is 30 months (was 19.3 months in August).   A good time to buy if one is interested in this area.  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 2013 numbers were: 67 active listings, 6 pending sales and 1 closed sales.   Better market activity for this year. 
 Palm City FL 34990 Condo Market Report November 2014
 

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Palm City FL 34990 Condo Market Report November 2014

Palm City FL 34990 Residential Market Report November 2014

12.18.14 by

Palm City FL 34990 Residential Market Report November 2014

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for November 2014

 

For October 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 433 active listings (Decreased by 22 homes from October)

Palm City FL 34990 Residential Market Report November 2014

 

 124 Residential sales are pending and awaiting close or lender approval. (Increased by 2 homes from last month)

Palm City FL 34990 Residential Market Report November 2014

 

56 Homes Sold in October (Down by 2 homes from October)

Palm City FL 34990 Residential Market Report November 2014

 

The Palm City FL 34990 residential real estate market showed very little change from last month.  The inventory dropped by 22 homes while pending and closed sales changed very little. Fairly weak activity for Palm City these last two months after a strong spring and summer.
 
 The current absorption rate decreased to 7.7 months from 7.8 months in October, keeping the Palm City residential real estate market in a buyers market for the second month after a long period of being in a sellers market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The November 2013 numbers were:  415 active listings, 149 pending sales and 52 closed sales.  The Palm City market continues to average higher inventory levels as compared to recent years (and last year) while maintaining steady activity.

Palm City FL 34990 Residential Market Report November 2014

 

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Palm City FL 34990 Residential Market Report November 2014

Villa del Sol Condo Sold

12.18.14 by

 Villa del Sol Condo Sold

11000 S Ocean Drive,  Unit: 6-D on Hutchinson Island in Jensen Beach has been sold by the Gabe Sanders BlueWater team for $162,000 Villa del Sol Condo Sold

Live the Hutchinson Island lifestyle at an affordable price.   Beachfront community offers coastal living with easy access to downtown amenities. Lovely beach house feel with private master suite with a walk in closet and private balcony. Featuring an updated tiled kitchen including a full pantry. Plenty of light from the screened balcony overlooking the sparking pool from the living room. Convenient laundry room, Guest Bedroom/Bath and storage add up to incredible value!

Villa del Sol Condo Sold

 

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Villa del Sol Condo Sold



Stuart FL 34997 Condo Market Report November 2014

12.17.14 by

Stuart FL 34997 Condo Market Report November 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2014

 

For November 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 51 active condo listings (Down by 7 condos from October).

Stuart FL 34997 Condo Market Report November 2014

25 Condo sales are pending and awaiting close or lender approval (Increased by 5 condos from October).

Stuart FL 34997 Condo Market Report November 2014

10 Condos Sold in November (Decreased by 11 condos from October).

Stuart FL 34997 Condo Market Report November 2014

The Stuart FL condo market for zip code 34997 showed some mixed signals for November of 2014.  Closed sales plunged after a very good month in October, while there was a nice increase in pending sales.The inventory continued to decline.
 
The one month absorption rate rose to 5.1 months after last months amazing 2.8.  Still a sellers 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 November 2013 numbers were: 91 active listings, 12 pending sales and 6 closed sales.  With almost 50% lower inventory, this market continues to outperform that of 2013.

Stuart FL 34997 Condo Market Report November 2014

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2014

 

 

Stuart FL 34997 Residential Market Report November 2014

12.16.14 by

Stuart FL 34997 Residential Market Report November 2014

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2014

 

There are currently 346 active listings (Decreased by 22 homes from October).

Stuart FL 34997 Residential Market Report November 2014

174 Residential sales are pending and awaiting close or lender approval (Increased by 30 homes from October).

Stuart FL 34997 Residential Market Report November 2014

56 Homes Sold in November (Decreased by 25 homes from October)

Stuart FL 34997 Residential Market Report November 2014

      The Stuart Florida Residential Market for ZIP Code 34997 is our largest and typically most active segment for the Stuart residential real estate market.  It is the only zip code in Stuart to show a decrease in inventory for November.  There was also a sizable decrease in closed sales.  Pending sales, however, saw a big rise which indicates to me that there will be good closed activity in the coming months.
 
     The current one month absorption rate increased to 6.2  months (was 4.5 months for October).  Back into a balanced 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 November, were: 396 active listings, 143 pending listings and 71 closed sales.  Better closed activity last  year, though pending sales are considerably improved fromlast year while the inventory is significantly lower.
Stuart FL 34997 Residential Market Report November 2014 
 
 

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Stuart FL 34997 Residential Market Report November 2014

Stuart FL 34996 Condo Market Report November 2014

12.14.14 by

Stuart FL 34996 Condo Market Report November 2014

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for November 2014

For November 2014 in the 34996 Zip Code area of Stuart, Florida :

There are currently 144 active condo listings (Down by 8 condos from last month).

Stuart FL 34996 Condo Market Report November 2014

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

Stuart FL 34996 Condo Market Report November 2014

24 Condos Sold in November (Increased by 9 condos from October) 

Stuart FL 34996 Condo Market Report November 2014

The Stuart FL 34996 Condo Market picked up a little steam as we headed into November.  While pending sales were off, closed sales took a nice jump.  The inventory was down unfortunately, though I would anticipated that this will turn around as we head into high season for condo sales.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 6 months from October’s 10.1 months .  Back into a balanced market after last months weaker activity.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for November 2013 were: 178 active listings, 35 pending sales and 17 closed sales.  Inventory is still considerably under last years levels.  Our current activity as a percentage of available product is better than it was in 2013.

Stuart FL 34996 Condo Market Report November 2014

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Stuart FL 34996 Condo Market Report November 2014

Stuart FL 34996 Residential Market Report November 2014

12.13.14 by

Stuart FL 34996 Residential Market Report November 2014

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for November 2014

 

For November 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 163 active listings (Up by 7 homes from October).

Stuart FL 34996 Residential Market Report November 2014

 

31 Residential sales are pending and awaiting close or lender approval (Down by 1 home from October).

Stuart FL 34996 Residential Market Report November 2014

15 Homes Sold in November (Increased by 4 homes from October).

Stuart FL 34996 Residential Market Report November 2014

The 34996 zip code area of the Stuart Florida residential real estate market is moving in the right direction after a fairly slow summer.  Inventory as well a s closed sales rose for November while pending sales were off slightly, but still quite strong.

The one month absorption rate for the 34996 zip code area of Stuart Florida for November decreased to 10.9 months as compared to October’s 14.2 months.  Still a buyers market.  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 2013 were: 139 active listings, 29 pending sales and 9 closed sales.  For the 34996 residential real estate area, there’s a considerably greater inventory of available homes this year when compared to last year.  Percentage wise, market activity is quite similar to last years’.

Stuart FL 34996 Residential Market Report November 2014

 

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Stuart FL 34996 Residential Market Report November 2014

Palm City Farms December 2014 Market Update

12.11.14 by

Palm City Farms December 2014 Market Update

There are currently 54 homes on the market in Palm City Farms.  Listing prices range from $150,000 to $3,400,000.  The average price comes out to $778,845 (median $582,450) which is a per square ft. of living area price of $256.73 (median $202.48).  These include 5 short sales and 1 bank owned foreclosure listings.

There are currently 13 homes under contract awaiting settlement.  Listing prices ranged from $295,000 to 849,000, for an average of $511,453 which equals $154.96 per sq. ft. of living area.  1 of these listings is a short sale and 1 is a foreclosure.

In the past 12 months, 60 homes have sold in Palm City Farms with sales prices ranging from $125,000 to $1.653.349 for an average sales price of $449,620 or $154.99 per sq. ft. of living area. These sales averaged 93% of list price.  There were 5 short sales and 4 foreclosure sales in this group of sales.


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 2014 Market Update