Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34997, Condo Sales for August 2011

For August 2011 in the 34997 Zip Code area of Stuart, Florida :
(Due to technical difficulties the July Market Snapshot data was unavailable)

There are currently 107 active condo listings (An increase of 8 units from June).

16 Condo sales are pending and awaiting close or lender approval (Down 11 from June).

9 Condos Sold in June (Up 1 from June).

The condo market for zip code 34997 in Stuart saw a small decrease in closed units for August.  This is somewhat expected as the condo market tends to be more seasonal in nature and typically slows down until the beginning of the Florida vacation season, which is normally around and after the holidays.  Bucking the trend for the rest of the Stuart area, inventory went up by 8 units. A greater supply of inventory creates increased pressure for lower prices in the market.  There’s also the possibility of an increase in seasonal listings coming on the market this fall, which could further dilute prices for sales this coming season.

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for August 2011

For August 2011 in the 34996 Zip Code area of Stuart, Florida :
(Due to technical difficulties the July Market Snapshot data was unavailable)

There are currently 192 active condo listings (down 15 from last June).

29 Condo sales are pending and awaiting close or lender approval (An increase of 8 from June).

12 Condos Sold in August (Down 18 units from June)

The condo market for zip code 34996 in Stuart saw a marked decrease in closed units for August.  This is expected as the condo market tends to be more seasonal and typically slows down until the beginning of the Florida vacation season, which is usually around and after the holidays.  The good news is that the inventory has continued to decline, which makes the selection of condos more restricted and typically influences increased demand.  As long as we don’t have a flood of seasonal listings come on the market this fall, this should bode well for sales this coming season (assuming we don’t have continued terrible economic news as well).

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for August 2011

For August 2011 in the 34994 Zip Code area of Stuart, Florida :
(Due to technical difficulties the July Market Snapshot data was unavailable)

There are currently 136 active condo listings (Down 12 from June).

43 Condo sales are pending and awaiting close or lender approval. (a decrease of 1 from June)

16 Condos Sold in August (Up 3 units from June).

The condo market for zip code 34994 in Stuart showed positive results for the month of August.  This is unexpected as the condo market tends to be more seasonal and typically slows down until the beginning of the Florida vacation season, which is usually around and after the holidays.  As long as we don’t have a flood of seasonal listings come on the market this fall, this should bode well for sales this coming season (assuming we don’t have continued terrible economic news as well).