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

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

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

 

There are currently 111 active condo listings (down 13 from last month).

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30 Condo sales are pending and awaiting close or lender approval (up 7 from April).

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8 Condos Sold in April (down 1 units from last month).

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Condo Sales in the 34997 area of Stuart Florida were down by just one sale while inventory continues to shrink and pending sales also rose.  While mostly a positive sign, this also shows that a large number of pending sales are distressed properties, which have a large negative effect on pricing.  Overall the trend is fairly positive, especially when compared to other segments of the martin County real estate market.

 

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


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

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