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).

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

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

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

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