Stuart FL 34994 Condo Market Report June 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for June 2016

For June 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 76 active condo listings (Down by 7 condos from May).

30 Condo sales are pending and awaiting close or lender approval. (Decreased by 13 condos from last month) 

27 Condos Sold in June (Up by 9 condos from May).

The Stuart FL 34994 Condo market had a very strong sales month for June of 2016.  Pending sales are off slightly, but this is still an active market.

The absorption rate for June dropped to 2.8 months compared to last month’s 4.6.   An extreme sellers’ market for the 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 June the numbers were 83 active listings, 34 pending sales, and 23 closed sales.   Slightly better closed volume for 2016 with a lower amount of inventory

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Stuart FL 34994 Condo Market Report May 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for May 2016

For May 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 83 active condo listings (Down by 14 condos from April).

43 Condo sales are pending and awaiting close or lender approval. (Increased by 8 condos from last month) 

18 Condos Sold in May (Down by 1 condos from April).

The Stuart FL 34994 Condo market had a large increase in pending sales for May while closed sales were only down by one condo.  This should result in strong closed activity for the coming few months.  Unfortunately the active inventory took a significant drop.

The one month absorption rate increased to 4.6 months compared to last month’s 5.1.   Dropping into an even stronger sellers’ market for the 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 May the numbers were 91 active listings, 38 pending sales, and 19 closed sales.   Very similar activity to last year.  Though we could use a bit more inventory as it’s down significantly from 2015.

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Stuart FL 34994 Condo Market Report April 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for April 2016

For April 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 97 active condo listings (Up by 1 condos from March).

35 Condo sales are pending and awaiting close or lender approval. (Decreased by 3 condos from last month) 

19 Condos Sold in April (Up by 4 condos from March).

The Stuart FL 34994 Condo market showed some small gains in volume for April and continues to show strong real estate market activity.

The one month absorption rate increased to 5.1 months compared to last month’s 6.4.   Back, once again, into a sellers market for condos in 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 April the numbers were 93 active listings, 40 pending sales, and 19 closed sales.   Similar volumes when compared to last year’s April numbers, though pending sales were better last year.

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Stuart FL 34994 Condo Market Report March 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for March 2016

For March 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 96 active condo listings (Up by 5 condos from February).

38 Condo sales are pending and awaiting close or lender approval. (Increased by 6 condos from last month) 

15 Condos Sold in March (Down by 5 condos from February).

The Stuart FL 34994 Condo market increased inventory while not increasing closed sales for march of 2016.  Pending sales rose which should be a good indication of increased future closed sales.

The one month absorption rate increased to 6.4 months compared to last month’s 4.6.   Currently a balanced market for condos in 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 March the numbers were 95 active listings, 46 pending sales, and 15 closed sales.   Similar volume as last year, though pending sales are somewhat less for 2016.

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Stuart FL 34994 Condo Market Report February 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for February 2016

For February 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 91 active condo listings (down by 11 condos from January).

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

20 Condos Sold in February (Up by 5 condos from January).

The Stuart FL 34994 Condo market picked up steam for the second month of 2016 with strong activity in all areas.  Increases in both sales and pending sales, though down in inventory.

The one month absorption rate increased to 4.6 months compared to last month’s 6.8.   Back into a strong sellers market after last months’ balanced one.  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 February the numbers were 95 active listings, 45 pending sales, and 12 closed sales.   Better closed activity this year with very similar inventory levels, with less pending sales though.

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Stuart FL 34994 Condo Market Report January 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for January 2016

For January 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 102 active condo listings (Up by 9 condos from December).

28 Condo sales are pending and awaiting close or lender approval. (Decreased by 1 condos from last month) 

15 Condos Sold in January (Down by 2 condos from December).

The Stuart FL 34994 Condo market started the year with slower sales activity than the end of last year, but still better than this period from last year.  Nice to see a bit of an increase in inventory.  I hope this will continue.

The one month absorption rate increased to 6.8 months compared to last month’s 5.5.   Back into a balanced market.  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 January the numbers were 111 active listings, 35 pending sales, and 9 closed sales.   Better closed activity this year with very similar inventory levels, with less pending sales though.

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Stuart FL 34994 Condo Market Report December 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2015

For December 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 93 active condo listings (Down by 3 condos from November).

29 Condo sales are pending and awaiting close or lender approval. (Increased by 5 condos from last month) 

17 Condos Sold in December (Up by 4 condos from November).

The Stuart FL 34994 Condo made a nice comeback for December.  Somewhat surprising as we are not yet into the start of the peak seasonal condo market.  But, it’s welcome none the less.

The one month absorption rate dropped to 5.5 months compared to last month’s 7.4.   Back into a sellers market.  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 95 active listings, 29 pending sales, and 10 closed sales.   Better activity this year with very similar inventory levels..

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Stuart FL 34994 Condo Market Report November 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for November 2015

For November 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 96 active condo listings (Up by 9 condos from October).

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

13 Condos Sold in November (Down by 2 condos from October).

The Stuart FL 34994 Condo market retreated a bit in November.  While this is not unexpected as we are into the off season for condos, it is still less than last year at this time.  Hopefully the increased inventory will result in some better activity as we come into the high season for condo activity.

The one month absorption rate increased to 7.4 months compared to last month’s 5.8.   Back into a buyers market.  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 November the numbers were 90 active listings, 27 pending sales, and 18 closed sales.   Our current inventory surpassed last years’ which is a positive sign.  Unfortunately closed and pending sales were not as strong as they were last year.

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Stuart FL 34994 Condo Market Report October 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for October 2015

For October 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 87 active condo listings (Up by 16 condos from September).

28 Condo sales are pending and awaiting close or lender approval. (Decreased by 7 condos from last month) 

15 Condos Sold in October (Up by 4 condos from September).

The Stuart FL 34994 Condo market while still active is showing reduced activity as we head into the off season.  Though remaining in a good and steady balanced market vicinity.

The one month absorption rate increased to 5.8 months compared to last month’s 6.5.   Continuing to hover in the balanced market 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 October the numbers were 94 active listings, 31 pending sales, and 16 closed sales.   Slightly stronger activity last year.  Though the greater inventory is probably a large factor in this.

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Stuart FL 34994 Condo Market Report September 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for September 2015

For September 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 71 active condo listings (Down by 5 condos from August).

35 Condo sales are pending and awaiting close or lender approval. (Increased by 8 condos from last month) 

11 Condos Sold in September (Down by 3 condos from August).

The Stuart FL 34994 Condo market while still active is showing reduced activity as we head into the off season.  The low inventory levels is quite apparent and I’m hoping this will reverse in the coming months or at latest by early next year.  Though even with the low inventory, pending sales increased for the month indicating better closed activity for the near future.

The one month absorption rate increased to 6.5 months compared to last month’s 5.4.  Slipping into a balanced market for the 34994 Stuart zip code condo area after many months of being a strong sellers market.  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 September the numbers were 95 active listings, 42 pending sales, and 20 closed sales.   Better activity last year.  Though the greater inventory is probably a large factor in this.

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Stuart FL 34994 Condo Market Report August 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for August 2015

For August 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 76 active condo listings (Down by 7 condos from July).

27 Condo sales are pending and awaiting close or lender approval. (Increased by 3 condos from last month) 

14 Condos Sold in August (Down by 6 condos from July).

The Stuart FL 34994 Condo market while still active is showing reduced activity as we head into the off season.  The low inventory levels is quite apparent and I’m hoping this will reverse in the coming months or at latest by early next year.

The one month absorption rate increased to 5.4 months compared to last month’s 4.2.  Still in a seller’s market, but headed towards a balanced market..  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 August the numbers were 105 active listings, 40 pending sales, and 22 closed sales.  Higher volume of sales and inventory last year.

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Stuart FL 34994 Condo Market Report July 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for July 2015

For July 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 83 active condo listings (Unchanged from June).

24 Condo sales are pending and awaiting close or lender approval. (Decreased by 10 condo from last month) 

20 Condos Sold in July (Down by 3 condos from June).

The Stuart FL 34994 Condo market showed strong activity for July 2015.  Inventory didn’t go down this month, which is really the only positive as sales slowed for the month.  Though still an active market especially since we are well into the slower months for condo sales.

The one month absorption rate increased to 4.2 months compared to last month’s 3.6.  Continuing as a seller’s market.  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 July the numbers were 118 active listings, 40 pending sales, and 25 closed sales. For the 34994 zip code area of Stuart there was considerably greater activity in 2014, though the inventory was quite a bit larger as well.

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Stuart FL 34994 Condo Market Report June 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for June 2015

For June 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 83 active condo listings (Decreased by 8 condos from May).

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

23 Condos Sold in June (Up by 4 condos from May).

The Stuart FL 34994 Condo market showed strong activity for June 2015.  Slightly less inventory and pending sales for June, while closed sales were up slightly.  This segment of the market remains quite active.

The one month absorption rate decreased to 3.6 months compared to last month’s 4.8.  Continuing as a very strong seller’s market.  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 June the numbers were 111 active listings, 46 pending sales, and 23 closed sales. For the 34994 zip code area of Stuart there was considerably greater activity last year.

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