Stuart FL 34996 Residential Market Report June 2016

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

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

There are currently 158 active listings (Up by 8 homes from May).

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

26 Homes Sold in June (Increased by 4 homes from May).

The 34996 zip code area of the Stuart Florida residential real estate market showed solid activity for June 2016. We also have a welcome increase in inventory that will hopefully continue through the end of this year.

The one month absorption rate for the 34996 zip code area of Stuart Florida for June decreased to 6.1 months as compared to May’s 6.8 months. A balanced market for the 34996 zip code area of Stuart FL. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for June of 2015 were: 136 active listings, 44 pending sales and 8 closed sales. Much better sales activity for this year as compared to last year.

Stuart FL 34996 Residential Market Report June 2016

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Stuart Florida Real Estate presented by:

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Stuart FL 34996 Residential Market Report June 2016

Another Vista Pines Condo (C-12) Sold

07.05.16 by Gabe Sanders

Another Vista Pines Condo (C-12) Sold

This attractive and well located Vista Pines condo is now the new home to a happy buyer from up north. This home was sold for $57,000 through the efforts of the Gabe Sanders Real Estate Team.

An immaculate condo in the highly sought after condo community of Vista Pines. Furnished with dining table & chairs, couch, and bedroom set. Glassed porch with pocket sliders. Newly painted and move-in ready with updated baths, newer glass top range, and newer window treatments. Active community with clubhouse & activities. Very conveniently located within walking distance to shopping, restaurants & medical, and only 5 minutes to downtown Stuart and the beaches.

The Vista Pines condominium complex consists of over 517 condos very conveniently located on SE Ocean Blvd. just in between the downtown Stuart area and the beaches of Hutchinson Island. Also, close to restaurants, grocery stores and medical facilities that are within walking distance for many.

Vista Pines condos were first built in 1970 and the last one was completed in 1973. All the buildings are two story and contain both 2 Bedroom, 2 Bath and 1 Bedroom 1 Bath units. Sizes range from 1,089 sq. ft. of living space down to 679 sq. ft. 1 bedroom units. Buildings are situated to maximize privacy and for serene views of green space.

There’s an active clubhouse with a large swimming pool as well as shuffleboard courts. No pets are permitted in Vista Pines and this is an age restricted (55+) community. The HOA fees as of August 2014 were from the low $200’s for a 1 Bedroom unit to just over $300 per month for 2 Bedroom condos.

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Hobe Sound FL 33455 Residential Market Report May 2016

06.22.16 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report May 2016

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

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

There are currently 213 active listings. (Down by 4 homes from April)

90 Residential sales are pending and awaiting close (Down by 9 homes from April)

52 Homes Sold in May (Down by 2 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to be a strong market even as sales and pending sales were slightly down from the previous month.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 4.1 months (4.0 months in April). The third month in a row of being in a sellers market after two months of a balanced 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 May 2015 were: 180 active listings, 113 pending sales and 65 closed sales. Market activity was better last year even with a reduce inventory, though this is still an active market.

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Hobe Sound FL 33455 Residential Market Report May 2016

Jensen Beach FL 34957 Condo Market Report May 2016

06.21.16 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report May 2016

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

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

There are currently 26 active listings. (Decreased by 6 condos from April)

11 Condo sales are pending and awaiting settlement. (Up by 3 condos from April)

3 Condos Sold (Decreased by 9 condos from April)

The Jensen Beach FL 34957 Condo Market Report May 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 continues to be problematic with very low numbers of available condos for sale. And, for may sales dropped off sharply, while pending sales improved.

The one month absorption rate for the May 2016, Jensen Beach Florida Market Report ZIP Code 34957 jumped up to 8.7 months (from 2.7 months in April), into a buyers market for the first time in close to two years. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The May 2015 numbers were: 30 active listings, 12 pending sales and 8 condos closed. Considerably better activity last year for Jensen Beach condos.

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Jensen Beach FL 34957 Condo Market Report May 2016

Palm City FL 34990 Condo Market Report May 2016

06.19.16 by Gabe Sanders

Palm City FL 34990 Condo Market Report May 2016

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

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

There are currently 62 active condo listings. (Decreased by 3 condos from April)

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

7 Condos Sold in May. (Decreased by 1 condos from April)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. For May of 2016 sales were off by 1 condo and pending sales were up by 1 while the inventory decreased, but still better than last year.

The current absorption rate for condos in the 34990 zip code area inched up to 8.9 months (was 8.1 months in May). 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 May 2015 numbers were: 55 active listings, 11 pending sales and 4 closed sales. Somewhat better volume of sales and pending sales for 2016 when compared to last year.

Palm City FL 34990 Condo Market Report May 2016

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Palm City FL 34990 Condo Market Report May 2016

Palm City FL 34990 Residential Market Report May 2016

06.18.16 by Gabe Sanders

Palm City FL 34990 Residential Market Report May 2016

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

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

There are currently 377 active listings (Increased by 12 homes from April)

162 Residential sales are pending and awaiting close or lender approval. (Down by 13 homes from last month)

84 Homes Sold in April (No change in sold homes from April)

The Palm City FL, zip code 34990 residential real estate market activity continues to be quite active. Good to see the inventory increase, even if it’s only by two homes. Unfortunately, pending sales were off compared to last months activity.

The monthly absorption rate decreased to to 4.5 months from 4.7 months in April. 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 May 2015 numbers were: 361 active listings, 204 pending sales and 100 closed sales. Considerably better activity last year for the Palm City residential real estate market.

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Commercial Properties for Sale in Palm City, Florida Between $0 – $1,300,000

Palm City Florida Real Estate presented by:
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Palm City FL 34990 Residential Market Report May 2016

Stuart FL 34997 Condo Market Report May 2016

06.17.16 by Gabe Sanders

Stuart FL 34997 Condo Market Report May 2016

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

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

There are currently 73 active condo listings (No change from April).

Stuart FL 34997 Condo Market Report May 2016

40 Condo sales are pending and awaiting close or lender approval (Up by 1 condos from April).

Stuart FL 34997 Condo Market Report May 2016

17 Condos Sold in May (Increased by 5 condos from April).

Stuart FL 34997 Condo Market Report May 2016

The Stuart FL condo market for zip code 34997 for May showed a nice increase in closed sales and continued strong pending sales activity which should be good for future closed sales activity. The inventory remained unchanged.

The one month absorption rate went down to 4.3 months from 4.4 months for April. Still a sellers market for the 34997 zip code area of Stuart condos. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The May 2015 numbers were: 45 active listings, 21 pending sales and 22 closed sales. Weaker closed sales this year while pending sales are considerably better. This segment of the Stuart market is the only one with a considerably higher inventory this year as compared to 2015.

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Stuart Florida Real Estate presented by:
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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2016

Stuart FL 34997 Residential Market Report May 2016

06.16.16 by Gabe Sanders

Stuart FL 34997 Residential Market Report May 2016

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

There are currently 304 active listings (Decreased by 5 homes from April).

216 Residential sales are pending and awaiting close or lender approval (Down by 3 homes from April).

109 Homes Sold in May (Increased by 10 homes from April)

The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate market. And, it is also the most active with very strong sales and pending sales activity.

The current one month absorption rate plunged to 2.8 months (was 3.1 months for April). Continuing as an extreme 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 2015 numbers for May, were: 275 active listings, 225 pending listings and 91 closed sales. Interestingly enough, there is a greater number of homes for sale this year as compared to 2015. Sales were better this year though the pending numbers were higher last year. Though, with this kind of hot activity, these numbers are very similar.

Stuart FL 34997 Residential Market Report May 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 May 2016

Stuart FL 34996 Condo Market Report May 2016

06.15.16 by Gabe Sanders

Stuart FL 34996 Condo Market Report May 2016

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

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

There are currently 120 active condo listings (Down by 6 condos last month).

40 Condo sales are pending and awaiting close or lender approval (Decreased by 8 condos from April).

32 Condos Sold in May (Decreased by 5 condos from April)

The Stuart FL 34996 Condo Market of Stuart had decreased activity levels for both pending and closed sales. Though, this is still a very hot segment of the Stuart condo market.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 3.8 months from April’s 3.4 months. Still in a strong sellers’ market for May. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for May 2015 were: 103 active listings, 39 pending sales and 33 closed sales. Similar activity to last year, but our inventory is also higher this year making the effective activity a bit weaker.

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Stuart Florida Real Estate presented by:
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Stuart FL 34996 Condo Market Report May 2016

Stuart FL 34996 Residential Market Report May 2016

06.14.16 by Gabe Sanders

Stuart FL 34996 Residential Market Report May 2016

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

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

There are currently 150 active listings (Down by 1 homes from April).

43 Residential sales are pending and awaiting close or lender approval (Down by 8 homes from April).

22 Homes Sold in May (Decreased by 3 homes from April).

The 34996 zip code area of the Stuart Florida residential real estate market showed reduced sales and pending activity from last month, though only small decreases. The inventory dropped by only 1 home, yet is still slightly above last year.

The one month absorption rate for the 34996 zip code area of Stuart Florida for May increased to 6.8 months as compared to April’s 6 months. Drifting back up into a slight 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 May of 2015 were: 147 active listings, 34 pending sales and 16 closed sales. Slightly better activity for this year when compared to 2015.

Stuart FL 34996 Residential Market Report May 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 May 2016

Hobe Sound FL 33455 Residential Market Report April 2016

05.22.16 by Gabe Sanders

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)

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

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

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.