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 34997, Condo Sales for August 2011
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