Stuart FL 34997 Condo Market Report September 2017

Stuart FL 34997 Condo Market Report September 2017

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2017

For September 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 49 active condo listings (Increased by 5 condos from August).

Stuart FL 34997 Condo Market Report September 2017

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

Stuart FL 34997 Condo Market Report September 2017

13 Condos Sold in September (Decreased by 4 condos from August).

Stuart FL 34997 Condo Market Report September 2017

     The Stuart FL condo market for zip code 34997 continues to show strong activity but also now with a troubling decrease in available condos for sale.  This month’s activity may been impacted by Hurricane Irma which shut down real estate for a little over a week last month.
     The absorption rate increased to 3.8 months in September compared to 2.6 months for August.  Still in a very strong sellers’ market for the 34997 zip code of Stuart FL.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The September 2016 numbers were: 72 active listings, 19 pending sales, and 16 closed sales.  Better closed sales last year but that was with a much greater inventory of available condos.

Stuart FL 34997 Condo Market Report September 2017

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2017

 

 

1 Acre Vacant Land Next to Golf Course Reduced

1 Acre Vacant Land Next to Golf Course Reduced

Rocky Point Vacant Land for Sale

An exciting opportunity for those looking to build their dream home close to town yet still with lots of room on this 1 acre lot in Rocky Point.  There is the potential for views of the Miles Grant Golf Course which lies adjacent to the east side of this lot.  There is also an active flowing brook just outside the south boundary of this vacant parcel.  There is no HOA, so only need to comply with County restrictions to build your dream compound that is close to town, restaurants and the many wonderful amenities offered in the Stuart FL area.

Rocky Point Vacant Land for Sale Rocky Point Vacant Land for Sale

This lot is .98 Acres with 100′ frontage and 428′ depth.  For more information call Gabe Sanders at 772-323-6996

Rocky Point Vacant Land for Sale Rocky Point Vacant Land for Sale

Click here to search for all Rocky Point Vacant Land available for sale

Click here to search for all Rocky Point homes available for sale

Stuart Florida real estate from Gabe Sanders – Real Estate of Florida

1 Acre Vacant Land Next to Golf Course Reduced

Stuart FL 34997 Residential Market Report September 2017

Stuart FL 34997 Residential Market Report September 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for September 2017

For September 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 274 active listings (Decreased by 17 homes from August).

Stuart FL 34997 Residential Market Report September 2017

130 Residential sales are pending and awaiting close or lender approval (Decreased by 11 homes from August).

Stuart FL 34997 Residential Market Report September 2017

68 Homes Sold in September (Decreased by 18 homes from August)

Stuart FL 34997 Residential Market Report September 2017

      The Stuart Florida Residential Market for ZIP Code 34997 continues with strong activity but a bit weaker than last month.  Some of this decreased activity may have been caused by Hurricane Irma which shut down real estate for a little over a week last month.
     The absorption rate inched down to 4.0 months (was 3.4 months for August).  Continuing as a strong seller’s market for the 34997 zip code area of Stuart for September 2017.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2016 numbers for September, were: 309 active listings, 132 pending listings, and 89 closed sales.  Better activity last year, but it was with a bigger selection of homes (inventory)
Stuart FL 34997 Residential Market Report September 2017

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 September 2017

 

Stuart FL 34996 Condo Market Report September 2017

Stuart FL 34996 Condo Market Report September 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for September 2017

For September 2017 in the 34996 Zip Code area of Stuart, Florida :

There are currently 112 active condo listings (Increased by 5 condos from last month).

Stuart FL 34996 Condo Market Report September 2017

33 Condo sales are pending and awaiting close or lender approval (Decreased by 6 condos from August).

Stuart FL 34996 Condo Market Report September 2017

21 Condos Sold in September (Down by 7 condos from August) 

Stuart FL 34996 Condo Market Report September 2017

The Stuart FL 34996 Condo Market of Stuart showed somewhat less activity than last month, but still pretty active.  Some of this decreased activity may have been caused by Hurricane Irma which shut down real estate for a little over a week last month.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 increased to 5.3 months from August’s 3.8 months.  Still a seller’s market for this segment of Martin County condos.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for September 2016 were: 132 active listings, 25 pending sales and 21 closed sales.  One of the few areas of martin County with better activity this year when compared to 2016.

Stuart FL 34996 Condo Market Report September 2017

Search Stuart FL Condos Here

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report September 2017

Stuart FL 34996 Residential Market Report September 2017

Stuart FL 34996 Residential Market Report September 2017

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for September 2017

For September 2017 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 129 active listings (Down by 16 homes from August).

Stuart FL 34996 Residential Market Report September 2017

19 Residential sales are pending and awaiting close or lender approval (Up by 5 homes from August).

Stuart FL 34996 Residential Market Report September 2017

6 Homes Sold in September (Decreased by 6 homes from August).

Stuart FL 34996 Residential Market Report September 2017

The 34996 zip code area of the Stuart Florida residential real estate showed greatly reduced activity for September along with decreased inventory.  Much of this may be attributed to Hurricane Irma which shut down real estate for a little over a week last month.

The one month absorption rate for the 34996 zip code area of Stuart Florida for September jumped to 65 months as compared to August’s 12.1 months.  Into an extreme buyer’s 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 September of 2016 were: 161 active listings, 27 pending sales, and 13 closed sales.  Considerably better activity from last year.

Stuart FL 34996 Residential Market Report September 2017

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

Stuart Florida Real Estate presented by:

Gabe Sanders – Stuart Florida Real Estate

Stuart FL 34996 Residential Market Report September 2017