Stuart Florida Market Report ZIP Code 34994 – Residential, December 2011

Stuart Florida Market Report ZIP Code 34994 – Residential, December 2011

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for December 2011

For December, 2011 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 87 active listings (Up 8 from November).

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

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7 Homes Sold in December (Down 4 homes from November)

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The 34994 ZIP code area of Stuart had a fairly slow month of December. With inventory up by8 homes, pending sales off by only 1 and closed sales were off by 4 homes. Comparing the activity to December of 2010 when there were 114 active listings with 37 pending sales and 14 closed sales. A significantly lower number of sales were completed this year compared to last year with less available inventory.

With the lower number of homes on the market this year, it will be interesting to see what happens as we get into the height of the season in the next few months.

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Stuart Florida Market Report ZIP Code 34994 – Residential, December 2011

Stuart Florida Market Report ZIP Code 34996 – Condo, December 2011

Stuart Florida Market Report ZIP Code 34996 – Condo, December 2011

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2011

For December, 2011 in the 34996 Zip Code area of Stuart, Florida :

 

There are currently 226 active condo listings (Up 1 from last month).

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19 Condo sales are pending and awaiting close or lender approval (A decrease of 2 condos from November).

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12 Condos Sold in December (A decrease of 2 condos from November)

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Surprisingly, the Stuart condo market for the area in ZIP code 34996 had a small decrease (or basically unchanged inventory from last month.  It will be interesting to see if this trend continues as many condo sellers tend to place their units on the market as the season begins to heat up during December and January.   There were slight decreases in both pending and closed sales. 

Compared to the end of last year in December of 2010, the numbers were  259 active listings, 46 pending sales and 20 closed sales.  Unlike many other segments of both our single family and condo markets here on the Treasure Coast and particularly in Martin County, this segment of the Stuart condo market is not faring nearly as well as last year.

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Stuart Florida Market Report ZIP Code 34996 – Condo, December 2011

Stuart Florida Market Report ZIP Code 34996 – Residential, December 2011

Stuart Florida Market Report ZIP Code 34996 – Residential, December 2011

 

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2011

 

 

For December, 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 179 active listings (Up 6 from November).

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24 Residential sales are pending and awaiting close or lender approval (Down 4 from November).

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10 Homes Sold in December (Down 4 from November).

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The 34996 zip code area 0f Stuart Florida had a slow December with all results moving in the wrong direction.  Hopefully this is a short term reflection of a  slowdown of activity during the holiday season.

Comparing the numbers to December of 2010, there were  192 active listings, 32 pending sales and 5 closed sales.  Sales rate is higher, but less pending sales and less inventory.  If this trend continues, with less supply and greater demand, I expect prices to become more stabilized as long as there is no large numbers of distressed homes coming on the market which tend to be priced below market value and depreciate the market in general.

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Stuart Florida Market Report ZIP Code 34996 – Residential, December 2011

Stuart Florida Market Report ZIP Code 34997 – Condo, December 2011

Stuart Florida Market Report ZIP Code 34997 – Condo, December 2011

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2011

 

For December, 2011 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 106 active condo listings (A decrease of 13 condos form November).

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21 Condo sales are pending and awaiting close or lender approval (Down 3 condos from November).

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15 Condos Sold in June (An increase of 10 condos from November).

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A strong end of the year for the the Stuart condo market for the area in ZIP code 34997.  Inventory decreased and sales tripled from the month before.  Pending sales were off slightly.
Compared to last years numbers when there were 177 active listings, 46 pending sales and 6 closed sales, we can see the inventory is considerably less, fewer pending sales but increased closed sales.With condo prices being low as well as interest rates at historical low levels, it’s definitely a good time to buy and it looks like for this segment of the Stuart Florida condo market, people have been doing just that in December of 2011.

 

Stuart Florida Real Estate presented by:
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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2011

Stuart Florida Market Report ZIP Code 34997 – Residential, December 2011

Stuart Florida Market Report ZIP Code 34997 – Residential, December 2011

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2011

 

There are currently 522 active listings (a decrease of 5 homes from November).

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176 Residential sales are pending and awaiting close or lender approval (A decrease of 22 homes from November).

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78 Homes Sold in November (Up 36 homes from November)

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A very strong month for December in the 34997 zip code area of Stuart Florida.  Sales almost doubled for the end of the year.  Inventory was down and the only negative report shows pending sales were down.
Compared to December of 2010, the inventory is down by approximately 50 homes, or 10%.  Less supply should be a catalyst for greater demand.  Lower supply should also help stabilize prices.  There were 155 pending sales in 2010 compared to the 176 this year (Dec 2011) and there were 47 homes sold in Dec 2010 as compared to the 78 last month.  Very strong results that may very likely continue into 2012 as the economic outlook appears to be more positive.  With renewed optimism, I see a strong market in the future for the Stuart 34997 zip code area.

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Stuart Florida Market Report ZIP Code 34997 – Residential, December 2011