Search Results for: Stuart FL 34996 Condo Market Report

Stuart FL 34996 Condo Market Report June 2016

Stuart FL 34996 Condo Market Report June 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for June 2016

For June 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 74 active condo listings (Down by 46 condos last month).

Stuart FL 34996 Condo Market Report June 2016

27 Condo sales are pending and awaiting close or lender approval (Decreased by 13 condos from May).

Stuart FL 34996 Condo Market Report June 2016

21 Condos Sold in June (Decreased by 11 condos from May) 

Stuart FL 34996 Condo Market Report June 2016

The Stuart FL 34996 Condo Market of Stuart had a large unexpected drop in inventory for this month.  Though the market activity remains strong.  It remains to be seen if this decline in inventory is just a short term phenomenon.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 3.5 months from May’s 3.8  months.  Still in a strong sellers’ market for June.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for June 2015 were: 102 active listings, 28 pending sales and 26 closed sales.  Slightly better volume last year but also with much more inventory.

Stuart FL 34996 Condo Market Report June 2016

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Stuart FL 34996 Condo Market Report June 2016

Stuart FL 34996 Condo Market Report May 2016

Stuart FL 34996 Condo Market Report May 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for May 2016

For May 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 120 active condo listings (Down by 6 condos last month).

Stuart FL 34996 Condo Market Report May 2016

40 Condo sales are pending and awaiting close or lender approval (Decreased by 8 condos from April).

Stuart FL 34996 Condo Market Report May 2016

32 Condos Sold in May (Decreased by 5 condos from April) 

Stuart FL 34996 Condo Market Report May 2016

The Stuart FL 34996 Condo Market of Stuart had decreased activity levels for both pending and closed sales.  Though, this is still a very hot segment of the Stuart condo market.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 3.8 months from April’s 3.4 months.  Still in a strong sellers’ market for May.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for May 2015 were: 103 active listings, 39 pending sales and 33 closed sales.  Similar activity to last year, but our inventory is also higher this year making the effective activity a bit weaker.

Stuart FL 34996 Condo Market Report May 2016

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Stuart FL 34996 Condo Market Report May 2016

Stuart FL 34996 Condo Market Report April 2016

Stuart FL 34996 Condo Market Report April 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for April 2016

For April 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 126 active condo listings (Up by 12 condos last month).

Stuart FL 34996 Condo Market Report April 2016

48 Condo sales are pending and awaiting close or lender approval (Decreased by 5 condos from March).

Stuart FL 34996 Condo Market Report April 2016

37 Condos Sold in April (Increased by 6 condos from March) 

Stuart FL 34996 Condo Market Report April 2016

The Stuart FL 34996 Condo Market of Stuart showed strong sales volume and a welcome increase in inventory for this April 2016 market report.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 plunged to only 3.4 months from March’s 3.9 months.  Even a stronger sellers market for April when compared to earlier months.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for April 2015 were: 110 active listings, 55 pending sales and 23 closed sales.  Impressively, better closed sales for this year.  And, also one of the few segments of our market with greater inventory than was available last year.

Stuart FL 34996 Condo Market Report April 2016

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Stuart FL 34996 Condo Market Report April 2016

Stuart FL 34996 Condo Market Report March 2016

Stuart FL 34996 Condo Market Report March 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for March 2016

For March 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 114 active condo listings (Down by 4 condos last month).

Stuart FL 34996 Condo Market Report March 2016

53 Condo sales are pending and awaiting close or lender approval (Decreased by 5 condos from February).

Stuart FL 34996 Condo Market Report March 2016

29 Condos Sold in March (Increased by 11 condos from February) 

Stuart FL 34996 Condo Market Report March 2016

The Stuart FL 34996 Condo Market of Stuart showed continued strengthening from a weaker first two months of the year.  Though the inventory remains stubbornly low and pending sales were off, which will indicate some reduction in closed volume for the future.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 plunged to only 3.9 months from February’s 6.6 months.  Back into a strong sellers market for March.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for March 2015 were: 110 active listings, 61 pending sales and 36 closed sales.  Still not as strong a market as last March.

Stuart FL 34996 Condo Market Report March 2016

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Stuart FL 34996 Condo Market Report March 2016

Stuart FL 34996 Condo Market Report February 2016

Stuart FL 34996 Condo Market Report February 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for February 2016

For February 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 118 active condo listings (Down by 5 condos last month).

Stuart FL 34996 Condo Market Report February 2016

53 Condo sales are pending and awaiting close or lender approval (Increased by 17 condos from January).

Stuart FL 34996 Condo Market Report February 2016

18 Condos Sold in February (Increased by 7 condos from January) 

Stuart FL 34996 Condo Market Report February 2016

The Stuart FL 34996 Condo Market of Stuart showed considerable improvement over a pretty weak January with increases in closed and pending sales.  Unfortunately, also a decrease in inventory, giving buyers less of a selection.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 decreased to 6.6 months from January’s 11.2 months.  Back into a balanced market for February.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for February 2014 were: 122 active listings, 60 pending sales and 25 closed sales.  Still not as strong a market for condos in this zip code when compared to 2015.

Stuart FL 34996 Condo Market Report February 2016

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Stuart FL 34996 Condo Market Report February 2016

Stuart FL 34996 Condo Market Report January 2016

Stuart FL 34996 Condo Market Report January 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for January 2016

For January 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 123 active condo listings (Up by 21 condos last month).

Stuart FL 34996 Condo Market Report January 2016

37 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from December).

Stuart FL 34996 Condo Market Report January 2016

11 Condos Sold in January (Decreased by 7 condos from December) 

Stuart FL 34996 Condo Market Report January 2016

The Stuart FL 34996 Condo Market of Stuart started out 2016 with pretty weak numbers as compared to both last year and last month.  Sales declined for January, while pending sales were up but still no where near as strong as last year’s numbers.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 decreased to 11.2 months from December’s 5.7 months.  A major jump into a buyers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for January 2014 were: 125 active listings, 60 pending sales and 23 closed sales.  Much stronger activity last year as compared to 2016.

Stuart FL 34996 Condo Market Report January 2016

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Stuart FL 34996 Condo Market Report January 2016

Stuart FL 34996 Condo Market Report December 2015

Stuart FL 34996 Condo Market Report December 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2015

For December 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 102 active condo listings (Up by 8 condos last month).

Stuart FL 34996 Condo Market Report December 2015

31 Condo sales are pending and awaiting close or lender approval (Decreased by 1 condos from November).

Stuart FL 34996 Condo Market Report December 2015

18 Condos Sold in December (Increased by 2 condos from November) 

Stuart FL 34996 Condo Market Report December 2015

The Stuart FL 34996 Condo Market of Stuart continues to do well.  Another increase in inventory that we were in bad need of.  And, pending and closed sales continue to do well.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 decreased to 5.7 months from November’s 5.9 months.  A small move towards a sellers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for December 2014 were: 142 active listings, 47 pending sales and 21 closed sales.  Somewhat slower market activity for 2015 as compared to last year, though in large measure due to the reduced inventory of available condos for sale.

Stuart FL 34996 Condo Market Report December 2015

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Stuart FL 34996 Condo Market Report December 2015

Stuart FL 34996 Condo Market Report November 2015

Stuart FL 34996 Condo Market Report November 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for November 2015

For November 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 94 active condo listings (Up by 15 condos last month).

Stuart FL 34996 Condo Market Report November 2015

32 Condo sales are pending and awaiting close or lender approval (Increased by 3 condos from October).

Stuart FL 34996 Condo Market Report November 2015

16 Condos Sold in November (Decreased by 10 condos from October) 

Stuart FL 34996 Condo Market Report November 2015

The Stuart FL 34996 Condo Market of Stuart continues to do well.  The inventory had a nice increase, now two months in a row, as well as an increase in the number of pending sales.  Unfortunately, closed sales were off for November.  Though, I suspect the number of sales will rise dramatically as we enter the season in the next few months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 5.9 months from October’s 3.0 months.  Approaching a balanced market after numerous months of a very strong sellers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for November 2014 were: 144 active listings, 48 pending sales and 24 closed sales.  Much better closed and pending volume last year, though the inventory of available condos is still lower by a considerable margin.

Stuart FL 34996 Condo Market Report November 2015

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Stuart FL 34996 Condo Market Report November 2015

Stuart FL 34996 Condo Market Report October 2015

Stuart FL 34996 Condo Market Report October 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for October 2015

For October 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 79 active condo listings (Up by 3 condos last month).

Stuart FL 34996 Condo Market Report October 2015

29 Condo sales are pending and awaiting close or lender approval (Decreased by 12 condos from September).

Stuart FL 34996 Condo Market Report October 2015

26 Condos Sold in October (Decreased by 3 condos from September) 

Stuart FL 34996 Condo Market Report October 2015

The Stuart FL 34996 Condo Market is bucking the trend for the off season with increased activity for October.  Nice to see even a small increase in inventory as this segment of the Stuart condo market remain red hot.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 plunged to 3.0 months from September’s 2.6 months.  Continuing as a very strong sellers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for October 2014 were: 152 active listings, 50 pending sales and 15 closed sales.  We have a long way to go to get inventory levels close to what they were last year.  Though even with the reduced inventory, market activity remains very strong.

Stuart FL 34996 Condo Market Report October 2015

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Stuart FL 34996 Condo Market Report October 2015

Stuart FL 34996 Condo Market Report September 2015

Stuart FL 34996 Condo Market Report September 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for September 2015

For September 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 76 active condo listings (Down by 2 condos last month).

Stuart FL 34996 Condo Market Report September 2015

41 Condo sales are pending and awaiting close or lender approval (Decreased by 12 condos from August).

Stuart FL 34996 Condo Market Report September 2015

29 Condos Sold in September (Increased by 9 condos from August) 

Stuart FL 34996 Condo Market Report September 2015

The Stuart FL 34996 Condo Market is bucking the trend for the off season with increased activity for September.  As we head into the off season for condo sales, this segment of the Stuart condo market has seen some very strong activity, though the greatly reduced active inventory is cause for some serious concern.  This will impact future numbers if we don’t see more units come on the market soon.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 plunged to 2.6 months from August’s 3.9 months.  Continuing as a very strong sellers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for September 2014 were: 147 active listings, 37 pending sales and 28 closed sales.  Stronger activity this year as compared to last with significantly less inventory.

Stuart FL 34996 Condo Market Report September 2015

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Stuart FL 34996 Condo Market Report September 2015

Stuart FL 34996 Condo Market Report August 2015

Stuart FL 34996 Condo Market Report August 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for August 2015

For August 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 78 active condo listings (Down by 14 condos last month).

Stuart FL 34996 Condo Market Report August 2015

53 Condo sales are pending and awaiting close or lender approval (Increased by 11 condos from July).

Stuart FL 34996 Condo Market Report August 2015

20 Condos Sold in August (Increased by 4 condos from July) 

Stuart FL 34996 Condo Market Report August 2015

The Stuart FL 34996 Condo Market is bucking the trend for the off season with increased activity for August.  Both closed and pending sales increased while the level of inventory decreases to very low numbers.  This level of activity will be unsustainable if the inventory doesn’t rise soon.  This is good news for sellers as the prices continue to rise and demand seems to be strong.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 3.9 months from July’s 5.8 months.  Back into a strong sellers’ market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for August 2014 were: 149 active listings, 48 pending sales and 14 closed sales.  Pretty impressive activity this year, with better volume of both sales and pending sales at just about half the available inventory.

Stuart FL 34996 Condo Market Report August 2015

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Stuart FL 34996 Condo Market Report August 2015

Stuart FL 34996 Condo Market Report July 2015

Stuart FL 34996 Condo Market Report July 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for July 2015

For July 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 92 active condo listings (Down by 10 condos last month).

Stuart FL 34996 Condo Market Report July 2015

42 Condo sales are pending and awaiting close or lender approval (Increased by 16 condos from June).

Stuart FL 34996 Condo Market Report July 2015

16 Condos Sold in July (Decreased by 10 condos from June) 

Stuart FL 34996 Condo Market Report July 2015

The Stuart FL 34996 Condo Market moderated a bit for July.  Closed sales were down from the previous month and unfortunately the inventory continues to drop.  Surprisingly there was a large jump in pending sales which is a good indication for continued strong activity for the remainder of the summer..

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 5.8 months from June’s 3.9 months.  Drifting close to a balanced market for July.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for July 2014 were: 143 active listings, 45 pending sales and 11 closed sales.  Better activity this year even though our inventory is significantly lower than it was in July of 2014.

Stuart FL 34996 Condo Market Report July 2015

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Stuart FL 34996 Condo Market Report July 2015

Stuart FL 34996 Condo Market Report June 2015

Stuart FL 34996 Condo Market Report June 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for June 2015

For June 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 102 active condo listings (Down by 1 condos last month).

Stuart FL 34996 Condo Market Report June 2015

28 Condo sales are pending and awaiting close or lender approval (Decreased by 11 condos from May).

Stuart FL 34996 Condo Market Report June 2015

26 Condos Sold in June (Decreased by 7 condos from May) 

Stuart FL 34996 Condo Market Report June 2015

The Stuart FL 34996 Condo Market continued to be very active through June.  We are seeing a small slowdown of the activity level in this very hot segment of the Stuart FL condo market.  Though, we remain in a sellers market.  I anticipate some more easing as we go into the summer and fall months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 3.9 months from May’s 3.1  months.  Still a strong sellers market but soon to turn as we go into the summer months.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for June 2014 were: 139 active listings, 33 pending sales and 17 closed sales.  Considerably stronger activity this year even though there’s a significant decrease in inventory as compared to last year.

Stuart FL 34996 Condo Market Report June 2015

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Stuart FL 34996 Condo Market Report June 2015

Stuart FL 34996 Condo Market Report May 2015

Stuart FL 34996 Condo Market Report May 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for May 2015

For May 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 103 active condo listings (Down by 7 condos last month).

Stuart FL 34996 Condo Market Report May 2015

39 Condo sales are pending and awaiting close or lender approval (Decreased by 16 condos from April).

Stuart FL 34996 Condo Market Report May 2015

33 Condos Sold in May (Increased by 10 condos from April) 

Stuart FL 34996 Condo Market Report May 2015

The Stuart FL 34996 Condo Market continued to be very active through May.  Pending sales were off a bit, which is not unexpected as we head into the summer months.  Typically a slower time for condo sales on the Treasure Coast.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 3.1 months from April’s 4.8 months .  Still a strong sellers market but soon to turn as we go into the summer months.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for May 2014 were: 145 active listings, 35 pending sales and 26 closed sales.  Considerably stronger activity this year even though there’s a significant decrease in inventory as compared to last year.

Stuart FL 34996 Condo Market Report May 2015

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Stuart FL 34996 Condo Market Report May 2015

Stuart FL 34996 Condo Market Report April 2015

Stuart FL 34996 Condo Market Report April 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for April 2015

For April 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 110 active condo listings (Unchanged from last month).

Stuart FL 34996 Condo Market Report April 2015

55 Condo sales are pending and awaiting close or lender approval (Decreased by 6 condos from March).

Stuart FL 34996 Condo Market Report April 2015

23 Condos Sold in April (Decreased by 13 condos from March) 

Stuart FL 34996 Condo Market Report April 2015

The Stuart FL 34996 Condo Market was very strong for April.  Activity eased slightly from last month’s hot pace, but this is still a strong market with a lot of activity.  While both pending and closed sales were off from last month, this is still a hot area for Stuart condos.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 4.8 months from March’s 3.1 months .  Still a strong sellers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for April 2014 were: 142 active listings, 46 pending sales and 41 closed sales.  Better closed activity for last year, but with considerably more inventory.  Also, better pending activity this year, which may mean good sales activity in the coming months.

Stuart FL 34996 Condo Market Report April 2015

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Stuart FL 34996 Condo Market Report April 2015

Stuart FL 34996 Condo Market Report March 2015

Stuart FL 34996 Condo Market Report March 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for March 2015

For March 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 110 active condo listings (Down by 12 condos from last month).

Stuart FL 34996 Condo Market Report March 2015

61 Condo sales are pending and awaiting close or lender approval (Increased by 1 condos from February).

Stuart FL 34996 Condo Market Report March 2015

36 Condos Sold in March (Increased by 11 condos from February) 

Stuart FL 34996 Condo Market Report March 2015

The Stuart FL 34996 Condo Market was very strong for March.  This is the height of our condo season for those purchasing second home getaways from the cold and snowy conditions up north as well as those moving here permanently for a more relaxed and convenient Florida lifestyle.  Sales and pending sales both increased and remained strong.  Unfortunately our inventory is down to historically low levels.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 3.1 months from February’s 4.9 months .  Moving to a pretty extreme sellers’ market for March.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for March 2013 were: 150 active listings, 55 pending sales and 34 closed sales.  Even with close to 30% less inventory, there was better sales and pending activity for this year as opposed to March 2014.

Stuart FL 34996 Condo Market Report March 2015

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Stuart FL 34996 Condo Market Report March 2015

Stuart FL 34996 Condo Market Report February 2015

Stuart FL 34996 Condo Market Report February 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for February 2015

For February 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 122 active condo listings (Down by 3 condos from last month).

Stuart FL 34996 Condo Market Report February 2015

60 Condo sales are pending and awaiting close or lender approval (Decreased by 2 condos from January).

Stuart FL 34996 Condo Market Report February 2015

25 Condos Sold in February (Increased by 2 condos from January) 

Stuart FL 34996 Condo Market Report February 2015

The Stuart FL 34996 Condo Market continues to show strong results for 2015.  My biggest concern is the continued decrease in inventory from last year.  This is somewhat surprising as prices are going up and I would have thought more condo owners would be listing during our peak season.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 4.9 months from January’s 5.4 months .  Moving to an even stronger sellers’ market for February.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for February 2013 were: 171 active listings, 52 pending sales and 30 closed sales.  When the decreased inventory for this year is factored into the data, the sales activity is better this year by percentage of available condos.

Stuart FL 34996 Condo Market Report February 2015

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Stuart FL 34996 Condo Market Report February 2015

Stuart FL 34996 Condo Market Report January 2015

Stuart FL 34996 Condo Market Report January 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for January 2015

For January 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 125 active condo listings (Down by 17 condos from last month).

Stuart FL 34996 Condo Market Report January 2015

60 Condo sales are pending and awaiting close or lender approval (Increased by 13 condos from December).

Stuart FL 34996 Condo Market Report January 2015

23 Condos Sold in January (Increased by 2 condos from December) 

Stuart FL 34996 Condo Market Report January 2015

The Stuart FL 34996 Condo Market is one of the bright spots for Martin County’s real estate market for January.  Nice increases in both pending and closed sales while many other segments of the January market were off this year.  Unfortunately our inventory of available condos is decreasing as well.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 5.4 months from December’s 6.8 months .  Again back to a sellers’ market for January.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for January 2013 were: 171 active listings, 49 pending sales and 15 closed sales.  Considerably better activity this year even with a greatly reduced inventory.

Stuart FL 34996 Condo Market Report January 2015

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Stuart FL 34996 Condo Market Report January 2015

Stuart FL 34996 Condo Market Report December 2014

Stuart FL 34996 Condo Market Report December 2014

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2014

For December 2014 in the 34996 Zip Code area of Stuart, Florida :

There are currently 142 active condo listings (Down by 2 condos from last month).

Stuart FL 34996 Condo Market Report December 2014

47 Condo sales are pending and awaiting close or lender approval (Decreased by 1 condo from November).

Stuart FL 34996 Condo Market Report December 2014

21 Condos Sold in December (Decreased by 3 condos from November) 

Stuart FL 34996 Condo Market Report December 2014

The Stuart FL 34996 Condo Market didn’t change much as compared to November.  Closed sales were off by 3 units while both the active inventory and pending sales declined slightly.  I expect to see an increase in activity as we gear up for 2015.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 6.8 months from November’s 6 months .  Slipping back towards a buyers market for December.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for December 2013 were: 173 active listings, 29 pending sales and 21 closed sales.  Even with considerably lower inventory, activity is much improved for the last month of 2014 as compared to 2013.

Stuart FL 34996 Condo Market Report December 2014

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Stuart FL 34996 Condo Market Report December 2014

Stuart FL 34996 Condo Market Report November 2014

Stuart FL 34996 Condo Market Report November 2014

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for November 2014

For November 2014 in the 34996 Zip Code area of Stuart, Florida :

There are currently 144 active condo listings (Down by 8 condos from last month).

Stuart FL 34996 Condo Market Report November 2014

48 Condo sales are pending and awaiting close or lender approval (Decreased by 2 condos from October).

Stuart FL 34996 Condo Market Report November 2014

24 Condos Sold in November (Increased by 9 condos from October) 

Stuart FL 34996 Condo Market Report November 2014

The Stuart FL 34996 Condo Market picked up a little steam as we headed into November.  While pending sales were off, closed sales took a nice jump.  The inventory was down unfortunately, though I would anticipated that this will turn around as we head into high season for condo sales.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 6 months from October’s 10.1 months .  Back into a balanced market after last months weaker activity.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for November 2013 were: 178 active listings, 35 pending sales and 17 closed sales.  Inventory is still considerably under last years levels.  Our current activity as a percentage of available product is better than it was in 2013.

Stuart FL 34996 Condo Market Report November 2014

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Stuart FL 34996 Condo Market Report November 2014