Stuart Florida Market Report ZIP Code 34994 Condo, August 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for August 2013

For August, 2013 in the 34994 Zip Code area of Stuart, Florida :

There are currently 1112 active condo listings (Increased by 3 condo from July).

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

16 Condos Sold in August (Increased by 5 condos from July).

For the summer season in the Stuart Condo market for zip code 34994 pending sales were off slightly from last month.   The inventory grew by 3 condos.  Sales increased by 5 condos.   This is considered the ‘off’ season for the Martin County condo market, so the increase in the number of sales is certainly a welcome number.

The one month absorption rate dipped to 7 months compared to last months 9.6.  Just about a balanced market..  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last August the numbers were 143 active listings, 43 pending sales, and 13 closed sales.   When the reduced inventory is accounted for, the real estate market for condos in the 34994 zip code area of Stuart is quite strong when compared to August of 2012.

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:

Stuart Florida Market Report ZIP Code 34994 Condo, July 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for July 2013

For July, 2013 in the 34994 Zip Code area of Stuart, Florida :

There are currently 109 active condo listings (Decreased by 3 condo from June).

53 Condo sales are pending and awaiting close or lender approval. (Up by 1 condo from last month)

11 Condos Sold in July (Decreased by 6 condos from June).

We’re in the off season for the Stuart Condo market for zip code 34994.   Surprisingly pending sales increased  by 1 condo while closed sales decreased by 6 units.   The inventory decline continues, by three condos this month.  It is a fairly seasonal condo market and we often see inventory declines in the summer months with an expected increase in late fall as the snowbird season begins.

The one month absorption rate rose to to 9.6 months, once again a buyers market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last July the numbers were 153 active listings, 30 pending sales, and 17 closed sales.  Closed sales were off a little as compared to last year, but inventory is off by more than 30%, yet the pending numbers are considerably better.

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:

Stuart Florida Market Report ZIP Code 34994 Condo, June 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for June 2013

For June, 2013 in the 34994 Zip Code area of Stuart, Florida :

There are currently 112 active condo listings (Decreased by 1 condo from May).

[singlepic id=3756 w=500 h=500 float=center]

52 Condo sales are pending and awaiting close or lender approval. (Up by 10 condos from last month)

[singlepic id=3757 w=500 h=500 float=center]

17 Condos Sold in June (Decreased by 13 condos from May).

[singlepic id=3759 w=800 h=800 float=center]

Mixed signals for the Stuart Condo market for zip code 34994.   Pending sales increased significantly by 10 condos in June while closed sales decreased to only 17 units.   The inventory declined again, but only by 1 condo.  This low inventory June result in decreasing market numbers in the coming months.

The one month absorption rate jumped up to 6.6 months, a very slight buyers market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last June the numbers were 140 active listings, 40 pending sales, and 12 closed sales.  Even with the reduced activity from last month, this years numbers are a significant improvement over June of 2012.

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:

[singlepic id=3758 w=700 h=700 float=center]

Stuart Florida Market Report ZIP Code 34994 Condo, May 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for May 2013

For May, 2013 in the 34994 Zip Code area of Stuart, Florida :

There are currently 113 active condo listings (Decreased by 5 condos from April).

[singlepic id=3677 w=600 h=600 float=center]

[singlepic id=3678 w=600 h=600 float=center]

42 Condo sales are pending and awaiting close or lender approval. (Down by 1 condo from last month)

[singlepic id=3679 w=600 h=600 float=center]

30 Condos Sold in May (Increased by 2 condos from April).

[singlepic id=3680 w=600 h=600 float=center]

[singlepic id=3681 w=600 h=600 float=center]

[singlepic id=3682 w=600 h=600 float=center]

Good activity for the Stuart Condo market for zip code 34994.   Pending sales increased by 1 condo in May while closed sales also increased.   The inventory continues its decline.  This low inventory will be responsible for a decreasing market numbers in the coming months.

The one month absorption rate dropped to 3.8 months, which is a significant 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 May the numbers were 150 active listings, 37 pending sales, and 23 closed sales.  Much better sales activity this year especially when the number of condos available for sale this year are so much less.

Stuart Florida Market Report ZIP Code 34994 – Condo, April 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for April 2013

For April, 2013 in the 34994 Zip Code area of Stuart, Florida :

There are currently 118 active condo listings (Decreased by 9 condos from March).

[singlepic id=3591 w=600 h=600 float=center]

[singlepic id=3592 w=600 h=600 float=center]

43 Condo sales are pending and awaiting close or lender approval. (Down 13 condos from last month)

[singlepic id=3593 w=600 h=600 float=center]

28 Condos Sold in April (Increased by 15 condos from March).

[singlepic id=3594 w=600 h=600 float=center]

[singlepic id=3595 w=600 h=600 float=center]

[singlepic id=3596 w=600 h=600 float=center]

Mixed signals for the Stuart Condo market for zip code 34994.   Pending sales were off from March while closed sales more than doubled.   The inventory also continued it’s decline.  This low inventory will be responsible for a decreasing market numbers in the coming months.

The one month absorption rate dropped to 4.2 months, which for April is a significant shift into 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 April the numbers were 147 active listings, 43 pending sales, and 15 closed sales.  Much better sales activity this year.  This with almost a 50% lower inventory.

Stuart Florida Market Report ZIP Code 34994 – Condo, March 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for March 2013

For March, 2013 in the 34994 Zip Code area of Stuart, Florida :

There are currently 127 active condo listings (A drop of 7 condos from February).

57 Condo sales are pending and awaiting close or lender approval. (Up 7 condos from last month)

13 Condos Sold in March (A decrease of 6 condos from February).

A fairly strong month for the Stuart Condo market for zip code 34994.   Pending sales increased from February.  Unfortunately closed sales were off.  And, the inventory continues to shrink.

The one month absorption rate rose to 10.3 months, which still signifies 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 March the numbers were 143 active listings, 44 pending sales, and 15 closed sales.  When the reduced inventory is considered, this year’s activity is better.

Stuart Florida Market Report ZIP Code 34994 – Condo, February 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for February 2013

For February, 2013 in the 34994 Zip Code area of Stuart, Florida :

There are currently 134 active condo listings (A drop of 24 condos from January).

[singlepic id=3416 w=600 h=600 float=center]

[singlepic id=3417 w=600 h=600 float=center]

50 Condo sales are pending and awaiting close or lender approval. (Up 9 condos from last month)

[singlepic id=3418 w=600 h=600 float=center]

19 Condos Sold in February (An increase of 4 condos from January).

[singlepic id=3419 w=600 h=600 float=center]

[singlepic id=3420 w=600 h=600 float=center]

[singlepic id=3421 w=600 h=600 float=center]

[singlepic id=3422 w=600 h=600 float=center]

Another strong month for the Stuart Condo market for zip code 34994.   Both pending and closed sales increased from January.  Unfortunately the inventory decreased by a fairly large amount.

The one month absorption rate dropped to 7 months, which still signifies a buyers market, although only a slight 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 134 active listings, 43 pending sales, and 7 closed sales.  Considerably better numbers for this year with a similar inventory. 

Stuart Florida Market Report ZIP Code 34994 – Condo, January 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for January 2013

For January, 2013 in the 34994 Zip Code area of Stuart, Florida :

There are currently 158 active condo listings (Increase of 5 condos from December).

[singlepic id=3317 w=600 h=600 float=center]

[singlepic id=3318 w=600 h=600 float=center]

41 Condo sales are pending and awaiting close or lender approval. (Up 6 condos from last month)

[singlepic id=3319 w=600 h=600 float=center]

15 Condos Sold in January (An increase of 1 condo from December).

[singlepic id=3320 w=600 h=600 float=center]

[singlepic id=3321 w=600 h=600 float=center]

[singlepic id=3322 w=600 h=600 float=center]

[singlepic id=3323 w=600 h=600 float=center]

A fairly good month for the Stuart Condo market for zip code 34994.  Not quite as strong as some of the earlier fall moths, but with a slight increase in inventory as well as increases in both pending and closed sales, this segment seems to be holding its own. 

The one month absorption rate is at 10.5 months, which still signifies 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 January the numbers were 154 active listings, 33 pending sales, and 11 closed sales.  Slightly better numbers for this year with a similar inventory.  This should continue through the year.

Stuart Florida Market Report ZIP Code 34994 – Condo, December 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2012

For December, 2012 in the 34994 Zip Code area of Stuart, Florida :

There are currently 153 active condo listings (Unchanged from November).

[singlepic id=3217 w=600 h=600 float=center]

[singlepic id=3218 w=600 h=600 float=center]

35 Condo sales are pending and awaiting close or lender approval. (Down 7 condos from last month)

[singlepic id=3219 w=600 h=600 float=center]

14 Condos Sold in December (An increase of 3 condos from November).

[singlepic id=3220 w=600 h=600 float=center]

[singlepic id=3221 w=600 h=600 float=center]

[singlepic id=3222 w=600 h=600 float=center]

[singlepic id=3223 w=600 h=600 float=center]

After numerous months of strong results for the Stuart Condo market for zip code 34994 even during our off season, the market has cooled slightly as we passed the holidays.  The bright note is that end of year bargain hunters closed on 14 condos an increase from the previous prices.  All were in the under $100,000 price range.  The inventory remained unchanged while pending sales were off.  An expected result as there is typically considerably reduced traffic during the holidays. 

The one month absorption rate is at 11 months, which still signifies 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 December the numbers were 153 active listings, 35 pending sales, and 13 closed sales.  Almost identical to this years activity.

Stuart Florida Market Report ZIP Code 34994 – Condo, November 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for November 2012

For November, 2012 in the 34994 Zip Code area of Stuart, Florida :

There are currently 153 active condo listings (Up 10 condo from October).

[singlepic id=3118 w=600 h=600 float=center]

[singlepic id=3119 w=600 h=600 float=center]

42 Condo sales are pending and awaiting close or lender approval. (Down 3 condos from last month)

[singlepic id=3120 w=600 h=600 float=center]

11 Condos Sold in November (Decreased by 2 condos from October).

[singlepic id=3121 w=600 h=600 float=center]

[singlepic id=3122 w=600 h=600 float=center]

[singlepic id=3123 w=600 h=600 float=center]

[singlepic id=3124 w=600 h=600 float=center]

After numerous months of strong results for the Stuart Condo market for zip code 34994 even during our off season, the market has cooled slightly as we approach the holidays.  Sales were off by 2 units and pending sales also were off by 3 condos. while the  available inventory was up by 10 units.  The one month absorption rate is at 14 months, which still signifies 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 146 active listings, 35 pending sales, and 10 closed sales.

Stuart Florida Market Report ZIP Code 34994 – Condo, October 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for October 2012

For October, 2012 in the 34994 Zip Code area of Stuart, Florida :

There are currently 143 active condo listings (Up 1 condo from September).

[singlepic id=3019 w=600 h=600 float=center]

[singlepic id=3020 w=600 h=600 float=center]

45 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)

[singlepic id=3021 w=600 h=600 float=center]

13 Condos Sold in October (Increased by 1 condo from September).

[singlepic id=3022 w=600 h=600 float=center]

[singlepic id=3023 w=600 h=600 float=center]

[singlepic id=3024 w=600 h=600 float=center]

[singlepic id=3025 w=600 h=600 float=center]

Continued strong results for the Stuart Condo market for zip code 34994 even during our off season.  Sales were up by 1 unit while pending sales remained unchanged and the available inventory was up by 1 unit.  The one month absorption rate is at 11 months, which still signifies a buyers market.  And, it appears that the buyers are indeed buying, even during the typically slower condo season.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither a buyers or sellers market.

Last October the numbers were 135 active listings, 31 pending sales, and 21 closed sales.

Stuart Florida Market Report ZIP Code 34994 – Condo, September 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for September 2012

For September 2012 in the 34994 Zip Code area of Stuart, Florida :

There are currently 142 active condo listings (Down 1 condo from August).

45 Condo sales are pending and awaiting close or lender approval. (Up 2 from last month)

12 Condos Sold in September (Decreased by 1 condo from August).

Continued strong results for the Stuart Condo market for zip code 34994 even during our off season.  Sales were off by 1 unit while pending sales were up an additional 2 condos and the available inventory continues to decrease.  The one month absorption rate is at 11.8 months, which still signifies a buyers market.  And, it appears that the buyers are indeed buying, even during the typically slower condo season.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither a buyers or sellers market.

Last September the numbers were 132 active listings, 45 pending sales, and 18 closed sales.  There is still room for improvement in this segment of the Stuart Florida condo market.