Search Results for: Stuart FL 34997 Condo Market Report

Stuart FL 34997 Condo Market Report June 2016

Stuart FL 34997 Condo Market Report June 2016

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2016

For June 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 74 active condo listings (Up by 1 condo from May).

Stuart FL 34997 Condo Market Report June 2016

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

Stuart FL 34997 Condo Market Report June 2016

24 Condos Sold in June (Increased by 7 condos from May).

Stuart FL 34997 Condo Market Report June 2016

     The Stuart FL condo market for zip code 34997 continues to show very strong activity as we get into what will be a typically slower summer season.
     The absorption rate dropped to 3.1 months in June from 4.3 months for May.  A strong sellers market for the 34997 zip code area of Stuart condos. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The June 2015 numbers were: 35 active listings, 19 pending sales and 17 closed sales.  Better volume this year with more than double the inventory as well.

Stuart FL 34997 Condo Market Report June 2016

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2016

Stuart FL 34997 Condo Market Report May 2016

Stuart FL 34997 Condo Market Report May 2016

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2016

 

For May 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 73 active condo listings (No change from April).

Stuart FL 34997 Condo Market Report May 2016

40 Condo sales are pending and awaiting close or lender approval (Up by 1 condos from April).

Stuart FL 34997 Condo Market Report May 2016

17 Condos Sold in May (Increased by 5 condos from April).

Stuart FL 34997 Condo Market Report May 2016

     The Stuart FL condo market for zip code 34997 for May showed a nice increase in closed sales and continued strong pending sales activity which should be good for future closed sales activity.  The inventory remained unchanged.
     The one month absorption rate went down to 4.3 months from 4.4 months for April.  Still a sellers market for the 34997 zip code area of Stuart condos. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The May 2015 numbers were: 45 active listings, 21 pending sales and 22 closed sales.  Weaker closed sales this year while pending sales are considerably better.  This segment of the Stuart market is the only one with a considerably higher inventory this year as compared to 2015.

Stuart FL 34997 Condo Market Report May 2016

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2016

 

 

Stuart FL 34997 Condo Market Report April 2016

Stuart FL 34997 Condo Market Report April 2016

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2016

 

For April 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 71 active condo listings (Down by 4 condos from March).

Stuart FL 34997 Condo Market Report April 2016

39 Condo sales are pending and awaiting close or lender approval Up by 1 condos from March).

Stuart FL 34997 Condo Market Report April 2016

16 Condos Sold in April (Decreased by 5 condos from March).

Stuart FL 34997 Condo Market Report April 2016

     The Stuart FL condo market for zip code 34997 for April had fewer sales than the previous month while also continuing a reduction in inventory, while pending sales remained moderate.
     The one month absorption rate jumped to 4.4 months from 3.6 months for March.  Still a sellers market though drifting towards more of a balanced market. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The April 2015 numbers were: 43 active listings, 30 pending sales and 18 closed sales.  One of the few segments of the Martin County real estate market with a higher inventory this year as compared to last.  Consequently we should have better sales volume, but alas, it was stronger last year.

Stuart FL 34997 Condo Market Report April 2016

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2016

 

 

Stuart FL 34997 Condo Market Report March 2016

Stuart FL 34997 Condo Market Report March 2016

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2016

 

For March 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 75 active condo listings (Down by 3 condos from February).

Stuart FL 34997 Condo Market Report March 2016

38 Condo sales are pending and awaiting close or lender approval (No change in condos from February).

Stuart FL 34997 Condo Market Report March 2016

21 Condos Sold in March (Increased by 12 condos from February).

Stuart FL 34997 Condo Market Report March 2016

     The Stuart FL condo market for zip code 34997 for march showed improved activity in closed sales and maintained a healthy number of pending sales as well.  Unfortunately the inventory took a small drop.
     The one month absorption rate jumped to 3.6 months from 8.7 months for February.  Back into a sellers market after last months weaker buyers market. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The March 2015 numbers were: 43 active listings, 31 pending sales and 15 closed sales.  One of the few segments of the Martin County real estate market with a higher inventory this year as compared to last.  And, because of this, there’s better activity as well.

Stuart FL 34997 Condo Market Report March 2016

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2016

 

 

Stuart FL 34997 Condo Market Report February 2016

Stuart FL 34997 Condo Market Report February 2016

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2016

For February 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 78 active condo listings (Down by 1 condos from January).

Stuart FL 34997 Condo Market Report February 2016

38 Condo sales are pending and awaiting close or lender approval (Increased by 9 condos from January).

Stuart FL 34997 Condo Market Report February 2016

9 Condos Sold in February (Increased by 1 condos from January).

Stuart FL 34997 Condo Market Report February 2016

     The Stuart FL condo market for zip code 34997 started off 2016 with a slow start.  Slightly better numbers for the second month of 2016, but still not nearly as strong as last year.  Plenty of room for improvement!
     The one month absorption rate jumped to 8.7 months from 3 months for January.  Back into a buyers market after last months very strong sellers market. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The February 2014 numbers were: 44 active listings, 250 pending sales and 13 closed sales.  Better activity last year even with considerably lower inventory in 2015.  One of the few areas of Martin County with significantly more inventory this year when compared to last year.

Stuart FL 34997 Condo Market Report February 2016

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2016

Stuart FL 34997 Condo Market Report January 2016

Stuart FL 34997 Condo Market Report January 2016

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2016

For January 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 79 active condo listings (Up by 16 condos from December).

Stuart FL 34997 Condo Market Report January 2016

29 Condo sales are pending and awaiting close or lender approval (Increased by 10 condos from December).

Stuart FL 34997 Condo Market Report January 2016

8 Condos Sold in January (Decreased by 13 condos from December).

Stuart FL 34997 Condo Market Report January 2016

     The Stuart FL condo market for zip code 34997 started off 2016 with a slow start.  While both the inventory and pending sales increased (a good sign for future activity), closed sales too a dive for January.
     The one month absorption rate plunged to 3 months from 9.9 months for December.  Back into a buyers market after last months sellers market. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The January 2014 numbers were: 44 active listings, 17 pending sales and 11 closed sales.  Unfortunately, with a growing inventory this year as compared to 2015, sales activity did not come even close to last year, though this years pending activity is stronger.

Stuart FL 34997 Condo Market Report January 2016

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2016

Stuart FL 34997 Condo Market Report December 2015

Stuart FL 34997 Condo Market Report December 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2015

For December 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 63 active condo listings (Up by 5 condos from November).

Stuart FL 34997 Condo Market Report December 2015

19 Condo sales are pending and awaiting close or lender approval (Decreased by 10 condos from November).

Stuart FL 34997 Condo Market Report December 2015

21 Condos Sold in December (Increased by 12 condos from November).

Stuart FL 34997 Condo Market Report December 2015

     The Stuart FL condo market for zip code 34997 continues with excellent activity for December.  Our inventory rose for the fifth month in a row and we now have surpassed last years active number of condos for sale.  Pending sales were off unfortunately, but there was a very strong month of closed sales in December.
     The one month absorption rate plunged to 3 months from 6.4 months for November.  Back into a strong sellers market after last months balanced market. Continuing a trend prevalent for most of the past year.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The December 2014 numbers were: 44 active listings, 15 pending sales and 5 closed sales.  Much better closed activity this year as compared to 2014.  Encouragingly, the inventory of condos in the 34997 zip code is up from last year.

Stuart FL 34997 Condo Market Report December 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2015

Stuart FL 34997 Condo Market Report November 2015

Stuart FL 34997 Condo Market Report November 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2015

 

For November 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 58 active condo listings (Down by 1 condos from October).

Stuart FL 34997 Condo Market Report November 2015

29 Condo sales are pending and awaiting close or lender approval (Increased by 8 condos from October).

Stuart FL 34997 Condo Market Report November 2015

9 Condos Sold in November (Decreased by 3 condos from October).

Stuart FL 34997 Condo Market Report November 2015

     The Stuart FL condo market for zip code 34997 showed positive results for November.  Our inventory rose for the fourth month in a row and we  now have surpassed last years figures.  Pending sales rose by a good margin while closed sales were off.  Indications look very positive for the height of the season for condos coming in the next few months.
     The one month absorption rate increased to 6.4 months from 4.9 months for October.  Back into a balanced market after last months sellers market. Continuing a trend prevalent for most of the past year.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The November 2014 numbers were: 51 active listings, 25 pending sales and 10 closed sales.   Very similar volume of sales and pending sales to last year.  Encouragingly, the inventory of condos in the 34997 zip code is up from last year.

Stuart FL 34997 Condo Market Report November 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2015

 

 

Stuart FL 34997 Condo Market Report October 2015

Stuart FL 34997 Condo Market Report October 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2015

 

For October 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 59 active condo listings (Up by 7 condos from September).

Stuart FL 34997 Condo Market Report October 2015

21 Condo sales are pending and awaiting close or lender approval (Increased by 2 condos from September).

Stuart FL 34997 Condo Market Report October 2015

12 Condos Sold in October (Increased by 4 condos from September).

Stuart FL 34997 Condo Market Report October 2015

     The Stuart FL condo market for zip code 34997 showed positive results for October.  Our inventory rose for the third month in a row and we also had some nice gains in both pending and closed sales.  Somewhat unusual as we head into the typically slower months for condo activity.
     The one month absorption rate decreased to 4.9 months from 6.5 months for September.  Back into a sellers market after last months balanced market. Continuing a trend prevalent for most of the past year.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The October 2014 numbers were: 58 active listings, 20 pending sales and 21 closed sales.   A little slower closed activity for this year as compared to last year.

Stuart FL 34997 Condo Market Report October 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2015

 

 

Stuart FL 34997 Condo Market Report September 2015

Stuart FL 34997 Condo Market Report September 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2015

 

For September 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 52 active condo listings (Up by 6 condos from August).

Stuart FL 34997 Condo Market Report September 2015

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

Stuart FL 34997 Condo Market Report September 2015

8 Condos Sold in September (Increased by 2 condos from August).

Stuart FL 34997 Condo Market Report September 2015

The Stuart FL condo market for zip code 34997 showed positive results for September after two months of fairly slow activity.  Our inventory rose for the second month in a row and we also had small gains i both pending and closed sales.
The one month absorption rate decreased to 6.5 months from 7.7 months for August.  Back into a balanced market after last months first slip to a buyers market in over a year.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The September 2014 numbers were: 60 active listings, 30 pending sales and 9 closed sales.   Much better pending activity last year.  Hopefully as the season approaches we will see some greater activity this year.

Stuart FL 34997 Condo Market Report September 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2015

 

 

Stuart FL 34997 Condo Market Report August 2015

Stuart FL 34997 Condo Market Report August 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2015

 

For August 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 46 active condo listings (Up by 8 condos from July).

Stuart FL 34997 Condo Market Report August 2015

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

Stuart FL 34997 Condo Market Report August 2015

6 Condos Sold in August (Decreased by 4 condos from July).

Stuart FL 34997 Condo Market Report August 2015

The Stuart FL condo market for zip code 34997 slowed for the second month n a row.  While not totally unexpected as we head into the off season for condo sales, this was a fairly large decrease, especially when compared to the other zip codes we track for the Stuart condo market.
The one month absorption rate increased to 7.7 months from 3.8 months for July.  Big decrease into a buyers’ market.  Though I feel this will only be a temporary one.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The August 2014 numbers were: 55 active listings, 27 pending sales and 14 closed sales.   Better activity in 2014 for the 34997 zip code of Stuart for condo sales.

Stuart FL 34997 Condo Market Report August 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2015

 

 

Stuart FL 34997 Condo Market Report July 2015

Stuart FL 34997 Condo Market Report July 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2015

 

For July 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 38 active condo listings (Up by 3 condos from June).

Stuart FL 34997 Condo Market Report July 2015

12 Condo sales are pending and awaiting close or lender approval (Decreased by 7 condos from June).

Stuart FL 34997 Condo Market Report July 2015

10 Condos Sold in July (Decreased by 7 condos from June).

Stuart FL 34997 Condo Market Report July 2015

The Stuart FL condo market for zip code 34997 showed reduced closed and pending sales.  This was expected as we head into the slower summer months and also with such a low amount of available condos currently for sale.
The one month absorption rate increased to 3.8 months from 2 months for June.  Continuing as a strong seller’s market for now, though as we get into summer I expect this extreme market to ease up a bit.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The July 2014 numbers were: 61 active listings, 28 pending sales and 21 closed sales.   Our sales numbers are down compared to last year, but our inventory is only a little half of what it was last year as well.

Stuart FL 34997 Condo Market Report July 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2015

 

 

Stuart FL 34997 Condo Market Report June 2015

Stuart FL 34997 Condo Market Report June 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2015

 

For June 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 35 active condo listings (Down by 10 condos from May).

Stuart FL 34997 Condo Market Report June 2015

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

Stuart FL 34997 Condo Market Report June 2015

17 Condos Sold in June (Decreased by 5 condos from May).

Stuart FL 34997 Condo Market Report June 2015

The Stuart FL condo market for zip code 34997 continues to outperform the rest of the County in the condo market.  Though the inventory has dropped very significantly and this is reflecting on lower sales and pending sales volume.
The one month absorption rate remains the same as last month at 2 months.  Continuing as an extreme seller’s market for now, though as we get into summer I expect this extreme market to ease up a bit.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The June 2014 numbers were: 67 active listings, 28 pending sales and 15 closed sales.   The most dramatic statistic is that our current inventory of condos in the 34997 section of Stuart is just about 50% less than last year.

Stuart FL 34997 Condo Market Report June 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2015

 

 

Stuart FL 34997 Condo Market Report May 2015

Stuart FL 34997 Condo Market Report May 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2015

 

For May 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 45 active condo listings (Up by two condos from April).

Stuart FL 34997 Condo Market Report May 2015

21 Condo sales are pending and awaiting close or lender approval (Decreased by 9 condos from April).

Stuart FL 34997 Condo Market Report May 2015

22 Condos Sold in May (Increased by 4 condos from April).

Stuart FL 34997 Condo Market Report May 2015

The Stuart FL condo market for zip code 34997 continues to outperform the rest of the County in the condo market.  Though, inventory is becoming a huge issue.
The one month absorption rate is now a very striking 2 months after last months amazing 2.4 month rate.  Continuing as an extreme seller’s market for now, though as we get into summer I expect this extreme market to ease up a bit.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The May 2014 numbers were: 74 active listings, 32 pending sales and 28 closed sales.   Better volume last year, but there was almost double the amount of inventory.

Stuart FL 34997 Condo Market Report May 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2015

 

 

Stuart FL 34997 Condo Market Report April 2015

Stuart FL 34997 Condo Market Report April 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2015

 

For April 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 43 active condo listings (Unchanged from March).

1 active

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

2 pending

18 Condos Sold in April (Increased by 3 condos from March).

Stuart FL 34997 Condo Market Report April 2015

The Stuart FL condo market for zip code 34997 continues to be red hot.   The biggest issue is that we are down to a very small inventory of available condos.  Those that do come on the market sell quickly as you can see from the absorption rate below.
The one month absorption rate is now a very striking 2.4 months after last months amazing 2.9 month rate.  Continuing as an extreme seller’s market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The April 2014 numbers were: 83 active listings, 39 pending sales and 25 closed sales.   We are down to approximately half of last year’s inventory, yet pending and closed sales remain quite strong.

Stuart FL 34997 Condo Market Report April 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2015

 

 

Stuart FL 34997 Condo Market Report March 2015

Stuart FL 34997 Condo Market Report March 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

For March 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 43 active condo listings (Down by 1 condo from February).

Stuart FL 34997 Condo Market Report March 2015

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

Stuart FL 34997 Condo Market Report March 2015

15 Condos Sold in March (Increased by 2 condos from February).

Stuart FL 34997 Condo Market Report March 2015

The Stuart FL condo market for zip code 34997 is showing very strong sales activity.  Unfortunately the available inventory of condos for sale is now very low and will impact future sales.  For this month, both closed and pending sales activity increased.
The one month absorption rate is now a very striking 2.9 months after last months amazing 3.4 month rate.  Continuing as an extreme seller’s market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The March 2013 numbers were: 90 active listings, 45 pending sales and 10 closed sales.   Strong activity as compared to last year, but with less than half of the available inventory of condos for sale in this zip code.

Stuart FL 34997 Condo Market Report March 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

 

Stuart FL 34997 Condo Market Report March 2015

Stuart FL 34997 Condo Market Report March 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

For March 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 43 active condo listings (Down by 1 condo from February).

Stuart FL 34997 Condo Market Report March 2015

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

Stuart FL 34997 Condo Market Report March 2015

15 Condos Sold in March (Increased by 2 condos from February).

Stuart FL 34997 Condo Market Report March 2015

The Stuart FL condo market for zip code 34997 is showing very strong sales activity.  Unfortunately the available inventory of condos for sale is now very low and will impact future sales.  For this month, both closed and pending sales activity increased.
The one month absorption rate is now a very striking 2.9 months after last months amazing 3.4 month rate.  Continuing as an extreme seller’s market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The March 2013 numbers were: 90 active listings, 45 pending sales and 10 closed sales.   Strong activity as compared to last year, but with less than half of the available inventory of condos for sale in this zip code.

Stuart FL 34997 Condo Market Report March 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

 

Stuart FL 34997 Condo Market Report February 2015

Stuart FL 34997 Condo Market Report February 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2015

 

For February 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 44 active condo listings (Unchanged from January).

Stuart FL 34997 Condo Market Report February 2015

25 Condo sales are pending and awaiting close or lender approval (Increased by 8 condos from January).

Stuart FL 34997 Condo Market Report February 2015

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

Stuart FL 34997 Condo Market Report February 2015

The Stuart FL condo market for zip code 34997 continues to show very strong activity while inventory levels remain at uncomfortably low levels.  For February 2015, both closed and pending sales saw increase.
The one month absorption rate dropped again to 3.4 months after last months amazing 4 month rate.  Continuing as an extreme seller’s market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The February 2013 numbers were: 91 active listings, 37 pending sales and 9 closed sales.   We have less than half of last years’ condo inventory for the 34997 zip code area of Stuart FL.  Yest activity is almost as robust as last year.  This is a very strong market for sellers and prices are being driven up by demand while there’s little supply.

Stuart FL 34997 Condo Market Report February 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2015

 

 

Stuart FL 34997 Condo Market Report January 2015

Stuart FL 34997 Condo Market Report January 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2015

 

For January 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 44 active condo listings (Unchanged from December).

Stuart FL 34997 Condo Market Report January 2015

17 Condo sales are pending and awaiting close or lender approval (Increased by 2 condos from December).

Stuart FL 34997 Condo Market Report January 2015

11 Condos Sold in January (Increased by 6 condos from December).

Stuart FL 34997 Condo Market Report January 2015

The Stuart FL condo market for zip code 34997 has a much reduced inventory compared to the recent past.  Though, even with less to work with, both pending and closed sales increased for January.
The one month absorption rate plunged to 4 months after last months amazing 8.8.  Back into a very strong sellers market after a one month duration of a buyers market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The January 2013 numbers were: 104 active listings, 27 pending sales and 11 closed sales.   With less than half of last year’s inventory the 34997 zip code area of Stuart is doing quite well in sales.  Though, the low inventory will definitely effect future sales.

Stuart FL 34997 Condo Market Report January 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2015

 

 

Stuart FL 34997 Condo Market Report December 2014

Stuart FL 34997 Condo Market Report December 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2014

 

For December 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 44 active condo listings (Down by 7 condos from November).

Stuart FL 34997 Condo Market Report December 2014

15 Condo sales are pending and awaiting close or lender approval (Decreased by 10 condos from November).

Stuart FL 34997 Condo Market Report December 2014

5 Condos Sold in December (Decreased by 5 condos from November).

Stuart FL 34997 Condo Market Report December 2014

The Stuart FL condo market for zip code 34997 slowed considerably for the last month of 2014.  Both closed and pending sales were down.  The inventory also continues to decline to very low numbers.
 
The one month absorption rate rose to 8.8 months after last months amazing 5.1.  Back into a buyers market after many, many months of being a strong sellers market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The December 2013 numbers were: 88 active listings, 24 pending sales and 13 closed sales.  Down to exactly half of last years inventory.  We should see an increase in the coming months.

Stuart FL 34997 Condo Market Report December 2014

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2014