Stuart FL 34997 Condo Market Report December 2018

Stuart FL 34997 Condo Market Report December 2018

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2018

For December 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 49 active condo listings (Up by 5 condos from November).

Stuart FL 34997 Condo Market Report December 2018

8 Condo sales are pending and awaiting close (Down by 14 condos from November).

Stuart FL 34997 Condo Market Report December 2018

19 Condos Sold in December (Up by 11 condos from November).

Stuart FL 34997 Condo Market Report December 2018

      The Stuart FL condo market for zip code 34997 reaminsinventory challenged but had a good number of closed sales.  Pending sales took an unexpected drop and may affect closed sales in the coming months.

     The absorption rate rose to 2.6 months in December compared to 5.5 months for November.  Remaining in an extreme seller’s market at this time 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 December 2017 numbers were: 57 active listings, 17 pending sales, and 19 closed sales.  The same number of closed sales when compared to last year on a reduced inventory, but a greatly reduced number of pending sales.

Stuart FL 34997 Condo Market Report December 2018

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Stuart FL 34997 Condo Market Report December 2018

 

 

Stuart FL 34997 Residential Market Report December 2018

Stuart FL 34997 Residential Market Report December 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2018

For December 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 341 active listings (Increased by 19 homes from November).

Stuart FL 34997 Residential Market Report December 2018

93 Residential sales are pending and awaiting close or lender approval (Down by 33 homes from November).

Stuart FL 34997 Residential Market Report December 2018

70 Homes Sold in December (Increased by 9 homes from November)

Stuart FL 34997 Residential Market Report December 2018

      The Stuart Florida Residential Market for ZIP Code 34997 had an increase in closed sales for December but also an unexpected large decrease in pending sales which may affect closed sales in the near future.
     The absorption rate dipped to 4.9 months (was 5.3 months for November).  Still in a seller’s market for the 34997 zip code area of Stuart for December 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2017 numbers for December, were: 275 active listings, 121 pending listings, and 81 closed sales.  Even with a greater number of available homes for sale, activity was greater last year.
Stuart FL 34997 Residential Market Report December 2018

Are you interested in the value of your Stuart FL Home?
Click on this link and fill out the form for an accurate personal evaluation

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 December 2018

 

Stuart FL 34996 Condo Market Report December 2018

Stuart FL 34996 Condo Market Report December 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2018

For December 2018 in the 34996 Zip Code area of Stuart, Florida :

There are currently 124 active condo listings (Up by 5 condos from last month).

Stuart FL 34996 Condo Market Report December 2018

26 Condo sales are pending and awaiting close or lender approval (Down by 7 condos from November).

Stuart FL 34996 Condo Market Report December 2018

27 Condos Sold in December (Up by 3 condos from November) 

Stuart FL 34996 Condo Market Report December 2018

The Stuart FL 34996 Condo Market of Stuart showed an increase in sales but a decrease in pending sales from last month.  Though, the activity remains quite strong.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dipped to 4.6  months from November’s 5.0 months. Transitioning back into 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 December 2017 were: 134 active listings, 35 pending sales, and 20 closed sales.  Better closed sales activity this year but better pending sales last year.  One of the few areas with a lower inventory this year.  I expect this to change in the coming months.

Stuart FL 34996 Condo Market Report December 2018

Are you interested in the value of your Stuart FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

Search Stuart FL Condos Here

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report December 2018

Stuart FL 34996 Residential Market Report December 2018

Stuart FL 34996 Residential Market Report December 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2018

For December 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 167 active listings (Decreased by 2 homes from October).

Stuart FL 34996 Residential Market Report December 2018

23 Residential sales are pending and awaiting close (Up by 6 homes from October).

Stuart FL 34996 Residential Market Report December 2018

15 Homes Sold in December (Up by 2 homes from October).

Stuart FL 34996 Residential Market Report December 2018

The 34996 zip code area of the Stuart Florida improved from last month.  Though this segment has been in a buyer’s market now for a few months.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for December dropped to 11.1 months as compared to October’s 13.0 months.  Remaining in a 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 December 2017 were: 141 active listings, 37 pending sales, and 14 closed sales.  Marginally better sales volume and fewer pending sales this year with a higher inventory.

Stuart FL 34996 Residential Market Report December 2018

Are you interested in the value of your Stuart FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

 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 December 2018

Stuart FL 34994 Condo Market Report December 2018

Stuart FL 34994 Condo Market Report December 2018 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2018

For December 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 100 active condo listings (Up by 4 condos from November).

Stuart FL 34994 Condo Market Report December 2018

44 Condo sales are pending and awaiting close or lender approval. (Decreased by 4 condos from last month) 

Stuart FL 34994 Condo Market Report December 2018

17 Condos Sold in December (Up by 8 condos from November).

Stuart FL 34994 Condo Market Report December 2018

The Stuart FL 34994 Condo market rebounded with an increase in closed sales while a slight decrease in pending sales, but remaining as a very active market.

The absorption rate for December dropped to 5.9 months compared to last month’s 10.7.  Back into a seller’s market after one month of a buyer’s market for this condo segment of Stuart’s 34994 zip code area.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last December the numbers were 91 active listings, 35 pending sales, and 15 closed sales.  A better volume of sales and pending sales this year with only a slightly higher inventory.

Stuart FL 34994 Condo Market Report December 2018

Are you interested in the value of your Stuart FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

Stuart, FL Real Estate

Business Opportunity Properties

Commercial Properties

Land Properties

Rental Properties

Residential Properties

Residential Income Properties

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Stuart FL 34994 Condo Market Report December 2018