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

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

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

There are currently 103 active condo listings (down 8 from last month).

27 Condo sales are pending and awaiting close or lender approval (Down 3 from May).

8 Condos Sold in May (No change from last month).

Condo Sales in the 34997 area of Stuart Florida were unchanged for June.  As with all other areas in Stuart, the inventory continues to shrink,  Pending sales were down as we will probably see a slower market for condos during the summer and early fall season.  Typical for this area of the Treasure Coast.  Actually, quite good numbers considering the weak economy and the pretty bad news reports for June.  With the decreasing inventory, demand will sooner or later catch up to supply leading to a more balanced market and hopefully an appreciation of values.