Stuart Florida Market Report ZIP Code 34996 Condo October 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for October 2013

For October 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 171 active condo listings (Down 5 condos from last month).

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

22 Condos Sold in October (Up by 5 from September) 

A steady real estate market for the Stuart Florida Market Report ZIP Code 34996 for Condos for October 2013.  Sales were up and pending sales continue to be strong (even if off by a little this month).   The inventory decreased again making fewer available condos for sale for buyers that are looking.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo decreased to 7.8  months from September’s 10.4.  Still a buyers market for October of 2013, but very close to being balanced.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for October 2012 were: 194 active listings, 26 pending sales and 17 closed sales.  We continue to outperform last years activity levels.

Stuart Florida Market Report ZIP Code 34996 Condo September 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for September 2013

For September 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 176 active condo listings (Down 2 from last month).

35 Condo sales are pending and awaiting close or lender approval (An increase of 13 condos from August).

17 Condos Sold in September (Up by 4 from August) 

After a slow August the Stuart Florida Market Report ZIP Code 34996 for Condos for September 2013 showed aa nice little rebound, even while other areas are still struggling.   Both pending and closed sales increased from August and the inventory remains fairly steady.  We are currently in the slower season for condo sales and I am pleased to see the increased activity in condo sales in the 34996 zip code area of Stuart.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo decreased to 10.4  months from August’s 13.7.  Still a buyers market in September of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for September 2012 were: 198 active listings, 28 pending sales and 8 closed sales.   Considerably better activity for this year as compared to last, especially when the reduced inventory is considered.

Stuart Florida Market Report ZIP Code 34996 Condo August 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for August 2013

For August 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 178 active condo listings (Up 2 from last month).

22 Condo sales are pending and awaiting close or lender approval (A decrease of 10 condos from July). 

13 Condos Sold in August (Down by 3 from July)

The Stuart Florida Market Report ZIP Code 34996 for Condos for August 2013 showed an reduced amount of activity from previous months.   Both pending and closed sales were off from July and the inventory remains fairly steady.  We are entering our slower season for condo sales and I would not be surprised to see reduced activity continue for the next few months.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo rose to 13.7 months from July’s 11.  Continuing as a strong buyers market for August of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for August 2012 were: 190 active listings, 19 pending sales and 12 closed sales.   Better activity for this year as compared to last, especially when the reduced inventory is considered.

Stuart Florida Market Report ZIP Code 34996 Condo July 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for July 2013

For July 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 176 active condo listings (Down 8 from last month).

32 Condo sales are pending and awaiting close or lender approval (An increase of 1 condo from June).

16 Condos Sold in July (Down by 1 from June)

Fairly consistent activity for the Stuart Florida Market Report ZIP Code 34996 for Condos for July 2013.   Both pending and closed sales remained steady with only a 1 unit increase and decrease respectively.  Another decrease in inventory, which is pretty normal as many condo owners feel that the summer market is not the prime time to sell condos.  Though, history has proven this to be quite wrong, as the decreased competition normally results in much greater showing activity and a better chance of a sale.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo rose slightly to 11 months. Still  a fairly significant buyers market for July of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for July 2012 were: 190 active listings, 17 pending sales and 12 closed sales.   Still doing considerably better this year as compared to last.

Stuart Florida Market Report ZIP Code 34996 Condo June 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for June 2013

For June 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 184 active condo listings (Down 11 from last month).

[singlepic id=3760 w=600 h=600 float=center]

31 Condo sales are pending and awaiting close or lender approval (A decrease of 2 condos from May).

[singlepic id=3761 w=600 h=600 float=center]

17 Condos Sold in June (Down by 8 from May)

[singlepic id=3762 w=600 h=600 float=center]

 Some easing in the Stuart Florida Market Report ZIP Code 34996 for Condos for June 2013.   Both pending and closed sales were off (and this for the second month in a row).  After a slight rise in inventory last month, June saw a decrease of 11 listings.  After a very strong spring, it appears that the seasonal nature of this condo market is manifesting itself.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo rose to 10.8 months. Back to a fairly significant buyers market for June of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for June 2012 were: 185 active listings, 27 pending sales and 20 closed sales.   Other than improved pending numbers, this years activity is a bit of a disappointment.

Stuart Florida Market Report ZIP Code 34996 Condo May 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for May 2013

For May 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 195 active condo listings (Up 4 from last month).

[singlepic id=3683 w=600 h=600 float=center]

[singlepic id=3684 w=600 h=600 float=center]

33 Condo sales are pending and awaiting close or lender approval (A decrease of 11 condos from April).

[singlepic id=3685 w=600 h=600 float=center]

25 Condos Sold in May (Down by 7 from April)

[singlepic id=3686 w=600 h=600 float=center]

[singlepic id=3687 w=600 h=600 float=center]

[singlepic id=3688 w=600 h=600 float=center]

After an exceptional March the Stuart Florida Market Report ZIP Code 34996 for Condos eased again in May after a little disappointment in April as well.   Both pending and closed sales were off.  Also, bucking the trend from most of our other areas, inventory rose modestly.  After a very strong early spring it appears that this section of the Martin County condo market has eased a bit.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo rose to 7.8 months.  This segment of the market has shifted back to a buyers market for May of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for May 2012 were: 188 active listings, 31 pending sales and 26 closed sales.  Very similar numbers to last year.

Stuart Florida Market Report ZIP Code 34996 – Condo, April 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for April 2013

For April 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 191 active condo listings (Up 7 from last month).

[singlepic id=3597 w=600 h=600 float=center]

[singlepic id=3598 w=600 h=600 float=center]

44 Condo sales are pending and awaiting close or lender approval (A decrease of 15 condos from March).

[singlepic id=3599 w=600 h=600 float=center]

32 Condos Sold in April (Down by 10 from March)

[singlepic id=3600 w=600 h=600 float=center]

[singlepic id=3601 w=600 h=600 float=center]

[singlepic id=3602 w=600 h=600 float=center]

After an exceptional March the Stuart Florida Market Report ZIP Code 34996 for Condos eased a bit for April.   Both pending and closed sales were off.  Also, bucking the trend from most of our other areas, inventory rose modestly.  After a very strong early spring it appears that this section of the Martin County condo market has eased a bit.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo rose to 6 months.  This market has now shifted back to a balanced market for April of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for April 2012 were: 191 active listings, 52 pending sales and 26 closed sales.  Even though we eased a bit from last month, market activity is still stronger than last year.

Stuart Florida Market Report ZIP Code 34996 – Condo, March 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for March 2013

For March 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 184 active condo listings (Down 15 from last month).

59 Condo sales are pending and awaiting close or lender approval (A decrease of 3 condos from February).

42 Condos Sold in March (Up by 22 from February)

The Stuart Florida Market Report ZIP Code 34996 for Condos was very strong for March with more than double the number of sales from last month.   Along with the increased sales, inventory has now dropped again for the second consecutive month, after three months of small inventory gains.  Pending activity dropped slightly, but was still strong.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is 4.4 months.  This market has now shifted to a sellers market for march of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for March 2012 were: 199 active listings, 58 pending sales and 23 closed sales.  Considerably stronger sales activity this year.

Stuart Florida Market Report ZIP Code 34996 – Condo, February 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for February 2013

For February 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 199 active condo listings (Down 19 from last month).

[singlepic id=3423 w=600 h=600 float=center]

[singlepic id=3424 w=600 h=600 float=center]

62 Condo sales are pending and awaiting close or lender approval (An increase of 8 condos from January).

[singlepic id=3425 w=600 h=600 float=center]

20 Condos Sold in February (Up by 7 from January)

[singlepic id=3426 w=600 h=600 float=center]

[singlepic id=3427 w=600 h=600 float=center]

[singlepic id=3428 w=600 h=600 float=center]

[singlepic id=3429 w=600 h=600 float=center]

The Stuart Florida Market Report ZIP Code 34996 for Condos showed some increased activity.  And, after 3 months of increased inventory, it stopped this month and went down by 19.  Pending and sold activity were both up for February.  Quite surprising that the inventory dropped with this strong activity.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is 10 months.  Still indicating a buyers’ market.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for February 2012 were: 207 active listings, 43 pending sales and 13 closed sales.  Even with a slightly lower active inventory for 2013, we’re still generating better activity than last year.

Stuart Florida Market Report ZIP Code 34996 – Condo, January 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for January 2013

For January 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 218 active condo listings (Up 2 from last month).

[singlepic id=3324 w=600 h=600 float=center]

[singlepic id=3325 w=600 h=600 float=center]

54 Condo sales are pending and awaiting close or lender approval (An increase of 25 condos from December).

[singlepic id=3326 w=600 h=600 float=center]

13 Condos Sold in January (Down by 1 from December)

[singlepic id=3327 w=600 h=600 float=center]

[singlepic id=3328 w=600 h=600 float=center]

[singlepic id=3329 w=600 h=600 float=center]

[singlepic id=3330 w=600 h=600 float=center]

The Stuart Florida Market Report ZIP Code 34996 for Condos showed some increased activity along with the third straight month of increasing inventory.  Pending sales were up significantly for January while sales were off by 1 condo.  For the less expensive 55+ communities, which make up a significant portion of the 34996 condo market, it’s shaping up to be an active season.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is 16.8 months.  Still indicating a strong buyers’ market.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for January 2012 were: 225 active listings, 32 pending sales and 11 closed sales.  Very similar numbers to this year with the exception of a significantly higher pending sales numbers.

Stuart Florida Market Report ZIP Code 34996 – Condo, December 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2012

For December 2012 in the 34996 Zip Code area of Stuart, Florida :

There are currently 216 active condo listings (Up 7 from last month).

[singlepic id=3224 w=600 h=600 float=center]

[singlepic id=3225 w=600 h=600 float=center]

29 Condo sales are pending and awaiting close or lender approval (An increase of 3 condos from November).

[singlepic id=3226 w=600 h=600 float=center]

14 Condos Sold in December (Up by 2 from November)

[singlepic id=3227 w=600 h=600 float=center]

[singlepic id=3228 w=600 h=600 float=center]

[singlepic id=3229 w=600 h=600 float=center]

[singlepic id=3230 w=600 h=600 float=center]

The Stuart Florida Market Report ZIP Code 34996 for Condos showed some increased activity along with the second straight month of increasing inventory.  Pending sales were up slightly which is unusual for December, which is typically a month with reduced traffic because of the holidays.  Sales were also up, though I was expecting a bit stronger closed activity to finish the year.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is just over 15.4 months.  Still indicating a strong buyers’ market.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for December 2011 were: 226 active listings, 19 pending sales and 12 closed sales.  Very similar numbers to this year with the exception of a significantly higher pending sales numbers.

Stuart Florida Market Report ZIP Code 34996 – Condo, November 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for November 2012

For November 2012 in the 34996 Zip Code area of Stuart, Florida :

There are currently 209 active condo listings (Up 15 from last month).

[singlepic id=3125 w=600 h=600 float=center]

[singlepic id=3126 w=600 h=600 float=center]

26 Condo sales are pending and awaiting close or lender approval (a decrease of 4 condos from October).

[singlepic id=3127 w=600 h=600 float=center]

12 Condos Sold in November (Down 5 from October)

[singlepic id=3128 w=600 h=600 float=center]

[singlepic id=3129 w=600 h=600 float=center]

[singlepic id=3130 w=600 h=600 float=center]

[singlepic id=3131 w=600 h=600 float=center]

The Stuart Florida Market Report ZIP Code 34996 for Condo slowed some for November, not unexpected as this is typically an off month for condo sales.  Sales and future sales (pending listings) were off while the inventory showed the first increase in some time.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is just over 17.4 months.  Quite a drop from last months 11 month absorption rate.

The numbers for November 2011 were: 225 active listings, 21 pending sales and 14 closed sales.  Very similar numbers to this year.

Stuart Florida Market Report ZIP Code 34996 – Condo, October 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for October 2012

For October 2012 in the 34996 Zip Code area of Stuart, Florida :

There are currently 194 active condo listings (Down 4 from last month).

[singlepic id=3026 w=600 h=600 float=center]

[singlepic id=3027 w=600 h=600 float=center]

26 Condo sales are pending and awaiting close or lender approval (a decrease of 2 condos from September).

[singlepic id=3028 w=600 h=600 float=center]

17 Condos Sold in October (Up 9 from September)

[singlepic id=3029 w=600 h=600 float=center]

[singlepic id=3030 w=600 h=600 float=center]

[singlepic id=3031 w=600 h=600 float=center]

[singlepic id=3032 w=600 h=600 float=center]

The Stuart Florida Market Report ZIP Code 34996 for Condos had some very strong closed sales in October, typically an off month for condo sales.  Future sales (pending listings)  were off minimally while the inventory was also down by a small number.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is just over 11 months.  Considerably improved from the past few months.

The numbers for October 2011 were: 213 active listings, 24 pending sales and 17 closed sales.  Very similar numbers to the current market with significantly lower inventory.