Stuart FL 34997 Condo Market Report October 2019

Stuart FL 34997 Condo Market Report October 2019

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2019

There are currently 50 active condo listings (Up by 10 condos from September).

Stuart FL 34997 Condo Market Report October 2019

10 Condo sales are pending and awaiting close (Down by 11 condo from September).

Stuart FL 34997 Condo Market Report October 2019

16 Condos Sold in October (Up by 5 condos from September).

Stuart FL 34997 Condo Market Report October 2019

      The Stuart FL condo market for zip code 34997 remains quite active and is one of the strongest performers in the Stuart condo market.  Pending sales were down considerably this month.  Hopefully, this will not result in a drop in closed sales in the coming months.

     The absorption rate dropped to 3.1 months in October compared to 3.6 months for September.  Continuing as a seller’s market for condos in 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 October 2018 numbers were: 49 active listings, 18 pending sales, and 16 closed sales.  Weaker pending sales volume this year.  This area remains a very hot segment of the Stuart condo market.

Stuart FL 34997 Condo Market Report October 2019

To make informed decisions about Stuart FL condo real estate it’s a good idea to be familiar with the market.  Click here to view the previous Stuart FL 34997 condo market reports

Stuart Florida Real Estate presented by:
Gabe Sanders

Click here to view previous Stuart FL 34997 Condo Market Reports

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart FL 34997 Condo Market Report October 2019

Stuart FL 34997 Residential Market Report October 2019

Stuart FL 34997 Residential Market Report October 2019

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2019

For October 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 273 active listings (Increased by 18 homes from September).

Stuart FL 34997 Residential Market Report October 2019 

133 Residential sales are pending and awaiting close or lender approval (Down by 31 homes from September). 

Stuart FL 34997 Residential Market Report October 2019 

100 Homes Sold in October (Increased by 39 homes from September)

Stuart FL 34997 Residential Market Report October 2019

      The Stuart Florida Residential Market for ZIP Code 34997 remains as one of the most active segments of the Martin County residential real estate market.  Our results were quite impressive for October with very strong closed sales numbers.  We did show a decrease in pending sales, but these are still strong results.
     The absorption rate plunged to 2.7 months (was 4.2 months for September).  We remain in an extreme seller’s market for the 34997 zip code area of Stuart for October 2019.  A typical balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2018 numbers for October, were: 316 active listings, 123 pending listings, and 63 closed sales.  This is a considerably stronger sales and pending sales figures on a smaller inventory this year.  We are showing very impressive results for this segment of the Stuart FL real estate market.
Stuart FL 34997 Residential Market Report October 2019

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Stuart FL 34997 Residential Market Report October 2019

Stuart FL 34997 Condo Market Report September 2019

Stuart FL 34997 Condo Market Report September 2019

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2019

There are currently 40 active condo listings (Down by 8 condos from August).

Stuart FL 34997 Condo Market Report September 2019

21 Condo sales are pending and awaiting close (Up by 1 condo from August).

Stuart FL 34997 Condo Market Report September 2019

11 Condos Sold in September (Up by 4 condos from August).

Stuart FL 34997 Condo Market Report September 2019

      The Stuart FL condo market for zip code 34997 remains quite active and is one of the strongest performers in the Stuart condo market.  Sales and pending sales both rose this month while the inventory declined.

     The absorption rate dropped to 3.6 months in September compared to 6.9 months for August.  Transitioning back into a seller’s market for condos in 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 2018 numbers were: 42 active listings, 16 pending sales, and 16 closed sales.  Stronersales volume last year, though this is still a very hot segment of the Stuart condo market.

Stuart FL 34997 Condo Market Report September 2019

To make informed decisions about Stuart FL condo real estate it’s a good idea to be familiar with the market.  Click here to view the previous Stuart FL 34997 condo market reports

Stuart Florida Real Estate presented by:
Gabe Sanders

Click here to view previous Stuart FL 34997 Condo Market Reports

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart FL 34997 Condo Market Report September 2019

Stuart FL 34997 Residential Market Report September 2019

Stuart FL 34997 Residential Market Report September 2019

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for September 2019

For September 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 255 active listings (Decreased by 19 homes from August).

Stuart FL 34997 Residential Market Report September 2019 

164 Residential sales are pending and awaiting close or lender approval (Up by 25 homes from August). 

Stuart FL 34997 Residential Market Report September 2019 

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

Stuart FL 34997 Residential Market Report September 2019

      The Stuart Florida Residential Market for ZIP Code 34997 remains as one of the most active segments of the Martin County residential real estate market.  Closed sales were down from last month while the pending sales volume rose.  As a result, we are expecting strong closed sales numbers for the coming months.
     The absorption rate rose to 4.2 months (was 3.5 months for August).  We remain in a seller’s market for the 34997 zip code area of Stuart for September 2019.  So, a typical balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2018 numbers for September, were: 289 active listings, 123 pending listings, and 86 closed sales.  Better closed sales volume last year, while pending sales are better this year.  While this is with a reduced inventory of available homes for sale.
Stuart FL 34997 Residential Market Report September 2019

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Stuart FL 34997 Residential Market Report September 2019

Stuart FL 34997 Condo Market Report August 2019

Stuart FL 34997 Condo Market Report August 2019

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2019

There are currently 48 active condo listings (Up by 4 condos from July).

Stuart FL 34997 Condo Market Report August 2019

20 Condo sales are pending and awaiting close (Unchanged from July).

Stuart FL 34997 Condo Market Report August 2019

7 Condos Sold in August (Down by 9 condos from July).

Stuart FL 34997 Condo Market Report August 2019

      The Stuart FL condo market for zip code 34997 indicated a slower-paced sales activity for August when compared to last month.  Probably into a more sustainable real estate market as compared to the superheated activity of last month.

     The absorption rate climbed to 6.9 months in August compared to 2.8 months for July.  Transitioning back into a balanced market for condos in 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 August 2018 numbers were: 36 active listings, 25 pending sales, and 12 closed sales.  Considerably more active sales activity last year for this condo segment in Stuart FL

Stuart FL 34997 Condo Market Report August 2019

To make informed decisions about Stuart FL condo real estate it’s a good idea to be familiar with the market.  Click here to view the previous Stuart FL 34997 condo market reports

Stuart Florida Real Estate presented by:
Gabe Sanders

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart FL 34997 Condo Market Report August 2019

Stuart FL 34997 Residential Market Report August 2019

Stuart FL 34997 Residential Market Report August 2019

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for August 2019

For August 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 274 active listings (Decreased by 39 home from July).

Stuart FL 34997 Residential Market Report August 2019 

139 Residential sales are pending and awaiting close or lender approval (Up by 12 homes from July). 

Stuart FL 34997 Residential Market Report August 2019 

79 Homes Sold in August (Decreased by 3 homes from July)

Stuart FL 34997 Residential Market Report August 2019

      The Stuart Florida Residential Market for ZIP Code 34997 remains as one of the most active segments of the Martin County residential real estate market.  For August 2019, our inventory dropped a bit and pending sales increased.  This is a good sign for continued strong activity in the near future.
     The absorption rate dipped to 3.5 months (was 3.8 months for July).  We are still in an extreme seller’s market for the 34997 zip code area of Stuart for August 2019.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2018 numbers for August, were: 262 active listings, 137 pending listings, and 88 closed sales.  Slightly slower closed sales activity on an increased inventory for this year as compared to last August.
Stuart FL 34997 Residential Market Report August 2019

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Stuart FL 34997 Residential Market Report August 2019

Stuart FL 34997 Condo Market Report July 2019

Stuart FL 34997 Condo Market Report July 2019

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2019

For July 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 44 active condo listings (Down by 12 condos from June).

Stuart FL 34997 Condo Market Report July 2019

20 Condo sales are pending and awaiting close (Up by 5 condos from June).

Stuart FL 34997 Condo Market Report July 2019

16 Condos Sold in July (Up by 5 condos from June).

Stuart FL 34997 Condo Market Report July 2019

      The Stuart FL condo market for zip code 34997 picked up considerably from last month and is a very active condo real estate market.

     The absorption rate plunged to 2.8 months in July compared to 5.1 months for June.  Back into a very strong seller’s market for condos in 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 July 2018 numbers were: 44 active listings, 21 pending sales, and 17 closed sales.  Very similar to the July 2018 condo activity for the 34997 zip code area of Martin County.

Stuart FL 34997 Condo Market Report July 2019

Stuart Florida Real Estate presented by:
Gabe Sanders

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart FL 34997 Condo Market Report July 2019

Stuart FL 34997 Residential Market Report July 2019

Stuart FL 34997 Residential Market Report July 2019

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for July 2019

For July 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 313 active listings (Increased by 15 home from June).

Stuart FL 34997 Residential Market Report July 2019 

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

Stuart FL 34997 Residential Market Report July 2019 

82 Homes Sold in July (Decreased by 15 homes from June)

Stuart FL 34997 Residential Market Report July 2019

      The Stuart Florida Residential Market for ZIP Code 34997 remains as one of the most active segments of the Martin County residential real estate market.  For July 2019, the inventory is up but both sales and pending sales decreased from last month.
     The absorption rate rose to 3.8 months (was 3.1 months for June).  Still in an extreme seller’s market for the 34997 zip code area of Stuart for July 2019.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2018 numbers for July, were: 258 active listings, 164 pending listings, and 80 closed sales.  Similar closed sales volume on a greatly reduced inventory of available homes for sale.  Pending sales were significantly less this year when compared to July 2018.
Stuart FL 34997 Residential Market Report July 2019

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For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart FL 34997 Residential Market Report July 2019

Stuart FL 34997 Condo Market Report June 2019

Stuart FL 34997 Condo Market Report June 2019

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2019

For June 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 56 active condo listings (Up by 4 condos from May).

Stuart FL 34997 Condo Market Report June 2019

15 Condo sales are pending and awaiting close (Down by 18 condos from May).

Stuart FL 34997 Condo Market Report June 2019

11 Condos Sold in June (Down by 8 condos from May).

Stuart FL 34997 Condo Market Report June 2019

      The Stuart FL condo market for zip code 34997 continues to be active but it did slow down from the past few months.

     The absorption rate increased to 5.1 months in June compared to 2.7 months for May.  Continuing as a seller’s market for condos in the 34997 zip code of Stuart FL, but approaching a balanced 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 June 2018 numbers were: 50 active listings, 26 pending sales, and 18 closed sales.  There was better sales and pending sales volume last year.

Stuart FL 34997 Condo Market Report June 2019

Stuart Florida Real Estate presented by:
Gabe Sanders

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart FL 34997 Condo Market Report June 2019

Stuart FL 34997 Residential Market Report June 2019

Stuart FL 34997 Residential Market Report June 2019

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for June 2019

For June 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 298 active listings (Decreased by 38 home from May).

Stuart FL 34997 Residential Market Report June 2019 

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

Stuart FL 34997 Residential Market Report June 2019 

97 Homes Sold in June (Decreased by 3 homes from May)

Stuart FL 34997 Residential Market Report June 2019

      The Stuart Florida Residential Market for ZIP Code 34997 had a fairly large drop in the inventory of available homes for sale.  Pending and closed sales were down slightly from last month.  This is still the most active market in the Martin County area.
     The absorption rate dropped to 3.1 months (was 3.4 months for May).  Still in an extreme seller’s market for the 34997 zip code area of Stuart for June 2019.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2018 numbers for June, were: 263 active listings, 149 pending listings, and 94 closed sales.  Very similar activity as compared to last year though we do have a larger inventory of available homes for sale this year.
Stuart FL 34997 Residential Market Report June 2019

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Stuart FL 34997 Residential Market Report June 2019

Stuart FL 34997 Condo Market Report May 2019

Stuart FL 34997 Condo Market Report May 2019

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2019

For May 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 52 active condo listings (Down by 6 condos from April).

Stuart FL 34997 Condo Market Report May 2019

33 Condo sales are pending and awaiting close (Up by 3 condos from April).

Stuart FL 34997 Condo Market Report May 2019

19 Condos Sold in May (Up by 1 condo from April).

Stuart FL 34997 Condo Market Report May 2019

      The Stuart FL condo market for zip code 34997 continues to show very strong sales activity compared to the previous months as well as last year.

     The absorption rate dropped to 2.7 months in May compared to 3.2 months for April.  Continuing as an even stronger seller’s market for condos in 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 May 2018 numbers were: 50 active listings, 26 pending sales, and 17 closed sales.  Continuing stronger sales volume year to year in this segment of the Stuart condo real estate market.

Stuart FL 34997 Condo Market Report May 2019

Stuart Florida Real Estate presented by:
Gabe Sanders

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart FL 34997 Condo Market Report May 2019

Stuart FL 34997 Residential Market Report May 2019

Stuart FL 34997 Residential Market Report May 2019

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for May 2019

For May 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 336 active listings (Increased by 1 home from April).

Stuart FL 34997 Residential Market Report May 2019 

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

Stuart FL 34997 Residential Market Report May 2019 

100 Homes Sold in May (Decreased by 14 homes from April)

Stuart FL 34997 Residential Market Report May 2019

      The Stuart Florida Residential Market for ZIP Code 34997 had a decrease in both pending and closed sales numbers from last month.  But, remains an extremely strong segment of the Stuart Florida residential real estate market.
     The absorption rate rose to 3.4 months (was 2.9 months for April).  Still in an extreme seller’s market for the 34997 zip code area of Stuart for May 2019.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2018 numbers for May, were: 259 active listings, 156 pending listings, and 93 closed sales.  There’s slightly better sales volume this year and slightly lower pending sales.  Though, we have a considerably greater inventory of available homes for sale in this segment of the Stuart residential real estate market.
Stuart FL 34997 Residential Market Report May 2019

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Stuart FL 34997 Residential Market Report May 2019

Stuart FL 34997 Condo Market Report April 2019

Stuart FL 34997 Condo Market Report April 2019

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2019

For April 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 58 active condo listings (Unchanged from March).

Stuart FL 34997 Condo Market Report April 2019

30 Condo sales are pending and awaiting close (Down by 4 condos from March).

Stuart FL 34997 Condo Market Report April 2019

18 Condos Sold in April (Up by 3 condos from March).

Stuart FL 34997 Condo Market Report April 2019

      The Stuart FL condo market for zip code 34997 continues to show very strong sales activity compared to the previous months as well as last year.

     The absorption rate dropped to 3.2 months in April compared to 3.9 months for March.  Continuing as a strong seller’s market for condos in 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 April 2018 numbers were: 57 active listings, 19 pending sales, and 9 closed sales.  Considerably stronger activity this year when compared to April 2018.

Stuart FL 34997 Condo Market Report April 2019

Stuart Florida Real Estate presented by:
Gabe Sanders

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart FL 34997 Condo Market Report April 2019

Stuart FL 34997 Residential Market Report April 2019

Stuart FL 34997 Residential Market Report April 2019

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for April 2019

For April 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 335 active listings (Decreased by 4 homes from March).

Stuart FL 34997 Residential Market Report April 2019 

174 Residential sales are pending and awaiting close or lender approval (Down by 23 homes from March). 

Stuart FL 34997 Residential Market Report April 2019 

114 Homes Sold in April (Increased by 25 homes from March)

Stuart FL 34997 Residential Market Report April 2019

      The Stuart Florida Residential Market for ZIP Code 34997 continues to be the most active segment of the various segments of the Martin County real estate market that I follow.
     The absorption rate dropped further to 2.9 months (was 3.8 months for March).  Now an even more extreme seller’s market for the 34997 zip code area of Stuart for April 2019.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2018 numbers for April, were: 276 active listings, 166 pending listings, and 84 closed sales.  There’s a greater number of homes for sale (inventory) in this area of Stuart and both sales and pending sales have improved over last year.
Stuart FL 34997 Residential Market Report April 2019

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Stuart FL 34997 Residential Market Report April 2019

Stuart FL 34997 Condo Market Report March 2019

Stuart FL 34997 Condo Market Report March 2019

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2019

For March 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 58 active condo listings (Down by 7 condos from February).

Stuart FL 34997 Condo Market Report March 2019

34 Condo sales are pending and awaiting close (Up by 17 condos from February).

Stuart FL 34997 Condo Market Report March 2019

15 Condos Sold in March (Up by 5 condos from February).

Stuart FL 34997 Condo Market Report March 2019

      The Stuart FL condo market for zip code 34997 came back strong for March after a few months of weaker activity.

     The absorption rate plunged to 3.9 months in March compared to 6.5 months for February.  Transitioning into a very strong seller’s market after one month as a balanced market and a previous month as a buyer’s market for condos in 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 March 2018 numbers were: 56 active listings, 23 pending sales, and 22 closed sales.  Stronger closed sales volume last year while we had better ending numbers this year.

Stuart FL 34997 Condo Market Report March 2019

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34997 Condo Market Report March 2019

Stuart FL 34997 Residential Market Report March 2019

Stuart FL 34997 Residential Market Report March 2019

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for March 2019

For March 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 339 active listings (Decreased by 22 homes from February).

Stuart FL 34997 Residential Market Report March 2019 

197 Residential sales are pending and awaiting close or lender approval (Up by 31 homes from February). 

Stuart FL 34997 Residential Market Report March 2019

89 Homes Sold in March (Increased by 12 homes from February)

Stuart FL 34997 Residential Market Report March 2019

      The Stuart Florida Residential Market for ZIP Code 34997 is once again leading Martin County segments as the most active segment for sales.  Both closed and pending sales rose and remain very strong.
     The absorption rate dipped to 3.8 months (was 4.7 months for February).  Back into a pretty extreme seller’s market for the 34997 zip code area of Stuart for March 2019.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2018 numbers for March, were: 297 active listings, 164 pending listings, and 92 closed sales.  Slightly stronger closed sales volume last year but better pending numbers for this year.
Stuart FL 34997 Residential Market Report March 2019

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Stuart FL 34997 Residential Market Report March 2019

Stuart FL 34997 Condo Market Report February 2019

Stuart FL 34997 Condo Market Report February 2019

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2019

For February 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 65 active condo listings (Up by 5 condos from January).

Stuart FL 34997 Condo Market Report February 2019

17 Condo sales are pending and awaiting close (Down by 2 condos from January).

Stuart FL 34997 Condo Market Report February 2019

10 Condos Sold in February (Up by 5 condos from January).

Stuart FL 34997 Condo Market Report February 2019

      The Stuart FL condo market for zip code 34997 rebounded from very weak sales activity last month.  Pending sales were off slightly and the inventory continues to rise.

     The absorption rate rose to 6.5 months in February compared to 12 months for January.  Transitioning into a balanced market after an unusual month as a buyer’s market for condos in 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 February 2018 numbers were: 54 active listings, 32 pending sales, and 17 closed sales.  There was much stronger activity last year with a smaller number of condos for sale.

Stuart FL 34997 Condo Market Report February 2019

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34997 Condo Market Report February 2019

Stuart FL 34997 Residential Market Report February 2019

Stuart FL 34997 Residential Market Report February 2019

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for February 2019

For February 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 361 active listings (Increased by 13 homes from January).

Stuart FL 34997 Residential Market Report February 2019

166 Residential sales are pending and awaiting close or lender approval (Up by 8 homes from January). Stuart FL 34997 Residential Market Report February 2019

77 Homes Sold in February (Increased by 25 homes from January)

Stuart FL 34997 Residential Market Report February 2019

      The Stuart Florida Residential Market for ZIP Code 34997 regained its momentum of closed sales after a weak January.  Though, pending sales, while strong may not be enough to keep up with the increases in inventory.
     The absorption rate rose to 4.7 months (was 6.7 months for January).  Back into a seller’s market for the 34997 zip code area of Stuart for February 2019 after one month of a balanced market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2018 numbers for February, were: 307 active listings, 155 pending listings, and 65 closed sales.  A greater number of closed sales this year when compared to last year.  Pending sales were not quite as strong as last year and there is a considerably larger inventory of available homes for sale.
Stuart FL 34997 Residential Market Report February 2019

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Stuart FL 34997 Residential Market Report February 2019

Stuart FL 34997 Condo Market Report January 2019

Stuart FL 34997 Condo Market Report January 2019

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2019

For January 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 60 active condo listings (Up by 11 condos from December).

Stuart FL 34997 Condo Market Report January 2019

19 Condo sales are pending and awaiting close (Up by 11 condos from December).

Stuart FL 34997 Condo Market Report January 2019

5 Condos Sold in January (Down by 14 condos from December).

Stuart FL 34997 Condo Market Report January 2019

      The Stuart FL condo market for zip code 34997 had a needed increase in inventory but sales dropped off significantly Pending sales improved which should help closed sales in the coming months.

     The absorption rate rose to 12 months in January compared to 2.6 months for December.  Transitioning into a buyer’s market for the first time in some time in 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 January 2017 numbers were: 56 active listings, 35 pending sales, and 8 closed sales.  Better activity in the 34997 zip code section of Stuart condos last year.

Stuart FL 34997 Condo Market Report January 2019

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34997 Condo Market Report January 2019

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Stuart FL 34997 Residential Market Report January 2019

Stuart FL 34997 Residential Market Report January 2019

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for January 2019

For January 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 348 active listings (Increased by 7 homes from December).

Stuart FL 34997 Residential Market Report January 2019 

158 Residential sales are pending and awaiting close or lender approval (Up by 65 homes from December).

 Stuart FL 34997 Residential Market Report January 2019

52 Homes Sold in January (Decreased by 18 homes from December)

Stuart FL 34997 Residential Market Report January 2019

      The Stuart Florida Residential Market for ZIP Code 34997 had a sizeable drop in closed sales for the first month of the year.  I think this is only temporary as we had an impressive jump in pending sales.  This should show up with increased closed sales in the next couple of months.
     The absorption rate rose to 6.7 months (was 4.9 months for December).  Now, a balanced market for the 34997 zip code area of Stuart for January 2019.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2017 numbers for January, were: 292 active listings, 144 pending listings, and 58 closed sales.  Slightly better closed sales activity last year on a reduced inventory.  There is a better number of pending sales this year.
Stuart FL 34997 Residential Market Report January 2019

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Stuart FL 34997 Residential Market Report January 2019