Search Results for: Stuart FL 34997 Condo Market Report

Stuart FL 34997 Condo Market Report November 2014

12.17.14 by

Stuart FL 34997 Condo Market Report November 2014

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

 

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

There are currently 51 active condo listings (Down by 7 condos from October).

Stuart FL 34997 Condo Market Report November 2014

25 Condo sales are pending and awaiting close or lender approval (Increased by 5 condos from October).

Stuart FL 34997 Condo Market Report November 2014

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

Stuart FL 34997 Condo Market Report November 2014

The Stuart FL condo market for zip code 34997 showed some mixed signals for November of 2014.  Closed sales plunged after a very good month in October, while there was a nice increase in pending sales.The inventory continued to decline.
 
The one month absorption rate rose to 5.1 months after last months amazing 2.8.  Still a 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 November 2013 numbers were: 91 active listings, 12 pending sales and 6 closed sales.  With almost 50% lower inventory, this market continues to outperform that of 2013.

Stuart FL 34997 Condo Market Report November 2014

Search for Stuart Condos for Sale by Price:

 

Stuart Florida Real Estate presented by:
Gabe Sanders

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

 

 

Stuart FL 34997 Condo Market Report October 2014

11.19.14 by

Stuart FL 34997 Condo Market Report October 2014

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

 

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

There are currently 58 active condo listings (Down by 2 condos from September).

Stuart FL 34997 Condo Market Report October 2014

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

Stuart FL 34997 Condo Market Report October 2014

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

Stuart FL 34997 Condo Market Report October 2014

The Stuart FL condo market for zip code 34997 continues with strong activity for October of 2014.  Closed sales increased by more than 50% from last month.  Unfortunately, pending sales were off, while the inventory too a small drop.

The one month absorption rate dove to 2.8  months from last months 6.7.  Back into a sellers market after last months 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 October 2013 numbers were: 91 active listings, 17 pending sales and 19 closed sales.  Even with the considerably lower inventory, this segment of the Stuart condo market is markedly outperforming last year’s activity.

Stuart FL 34997 Condo Market Report October 2014

Search for Stuart Condos for Sale by Price:

 

Stuart Florida Real Estate presented by:
Gabe Sanders

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

 

 

Stuart FL 34997 Condo Market Report September 2014

10.13.14 by

Stuart FL 34997 Condo Market Report September 2014

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

 

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

There are currently 60 active condo listings (Up by 5 condos from August).

Stuart FL 34997 Condo Market Report September 2014

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

Stuart FL 34997 Condo Market Report September 2014

9 Condos Sold in September (Decreased by 5 condos from August).

Stuart FL 34997 Condo Market Report September 2014

The Stuart FL condo market for zip code 34997 continues with strong activity for September of 2014.  Closed sales were off for this month but there were increases in both inventory and pending sales which is a signal for further improvements in the future.  After some very strong results in the past few months we are back into a more sustainable market.

The one month absorption rate rose to 6.7  months from last months 3.9.  Back into a balanced market after a couple of months of extreme sellers advantage.  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 2013 numbers were: 76 active listings, 28 pending sales and 7 closed sales.  Even with the reduced inventory as compared to last year, this segment of the Stuart condo market is outperforming last year’s activity.

Stuart FL 34997 Condo Market Report September 2014

Search for Stuart Condos for Sale by Price:

 

Stuart Florida Real Estate presented by:
Gabe Sanders

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

 

 

Stuart FL 34997 Condo Market Report August 2014

09.17.14 by

Stuart FL 34997 Condo Market Report August 2014

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

 

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

There are currently 55 active condo listings (Down by 6 condos from July).

Stuart FL 34997 Condo Market Report August 2014

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

Stuart FL 34997 Condo Market Report August 2014

14 Condos Sold in August (Decreased by 7 condos from July).

Stuart FL 34997 Condo Market Report August 2014

Better activity for the Stuart FL condo market for zip code 34997 in August of 2014.  Interestingly this segment of the Stuart condo market is the only one with a decrease in inventory for August.  Pending and closed sales were off for August, though it was an unusually strong July and this market is retuning to a more sustainable level.

The one month absorption rate rose to 3.9  months from last months 2.9.  Still a hot 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 August 2013 numbers were: 81 active listings, 22 pending sales and 11 closed sales.  2014 continues to outperform the 2013 market activity.

Stuart FL 34997 Condo Market Report August 2014

 
 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

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

 

 

Stuart FL 34997 Condo Market Report July 2014

08.17.14 by

Stuart FL 34997 Condo Market Report July 2014

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

 

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

There are currently 61 active condo listings (Down by 6 condos from June).

Stuart FL 34997 Condo Market Report July 2014

 

28 Condo sales are pending and awaiting close or lender approval (Unchanged from June).

Stuart FL 34997 Condo Market Report July 2014

 

21 Condos Sold in July (Increased by 6 condos from June).

Stuart FL 34997 Condo Market Report July 2014

 

Better activity for the Stuart FL condo market for zip code 34997 in July of 2014.  Interestingly this segment of the Stuart condo market is the only one with a decrease in inventory for July.  Pending sales remained strong and closed sales increased.

The one month absorption rate dropped to 2.9  months from last months 4.7.  A very hot 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 July 2013 numbers were: 80 active listings, 31 pending sales and 12 closed sales.  2014 continues to show better results than last July.

Stuart FL 34997 Condo Market Report July 2014

 
 
 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

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

 

 

Stuart FL 34997 Condo Market Report June 2014

07.15.14 by

Stuart FL 34997 Condo Market Report June 2014

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

 

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

There are currently 67 active condo listings (Down by 7 condos from May).

Stuart FL 34997 Condo Market Report June 2014

 

28 Condo sales are pending and awaiting close or lender approval (Down by 4 condos from May).

Stuart FL 34997 Condo Market Report June 2014

 

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

Stuart FL 34997 Condo Market Report June 2014

 

A considerable easing of activity for the Stuart FL condo market for zip code 34997 in June of 2014.  If you read my previous market reports for this segment of the Martin County market, this was not unexpected as pending sales have been decreasing over the past few months and continued to do so in June.  Both closed sales as well as available inventory also continue to decrease.  Though, this is still a very active market.  It’s just that the super strong Spring activity is not sustainable for this area for the summer.

The one month absorption rate is now 4.7  months from last months 2.6.  Still in a 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 June 2012 numbers were: 77 active listings, 32 pending sales and 8 closed sales.  Continuing to be a better market tha last year and slowly getting back into a more sustainable activity level.

Stuart FL 34997 Condo Market Report June 2014

 
 
 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

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

 

 

Stuart FL 34997 Condo Market Report May 2014

06.16.14 by

Stuart FL 34997 Condo Market Report May 2014

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

 

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

There are currently 74 active condo listings (Down by 9 condos from April).

Stuart FL 34997 Condo Market Report May 2014

32 Condo sales are pending and awaiting close or lender approval (Down by 7 condos from April).

Stuart FL 34997 Condo Market Report May 2014

28 Condos Sold in May (Increased by 3 condos from April).

Stuart FL 34997 Condo Market Report May 2014

Another month of increased closed sales for the Stuart FL condo market for zip code 34997.  Unfortunately, this is probably not going to continue at this strong of a pace.  The inventory continues to decline along with another monthly drop in pending sales.  A pretty strong indicator of decreasing future activity.

The one month absorption rate is now 2.6  months from last months 3.3.  A 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 May 2012 numbers were: 87 active listings, 30 pending sales and 17 closed sales.   Better activity for this year as compared to last, and this market remains very strong.  Just possibly a little to strong to be sustainable for the long run.

Stuart FL 34997 Condo Market Report May 2014

 

Stuart Florida Real Estate presented by:
Gabe Sanders

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

 

 

Stuart Florida Market Report ZIP Code 34997 Condo November 2013

12.17.13 by

Stuart Florida Market Report ZIP Code 34997 Condo November 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2013

 

For November 2013 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 91 active condo listings (Unchanged form October).

Stuart Florida Market Report ZIP Code 34997 Condo November 2013

 

12 Condo sales are pending and awaiting close or lender approval (Down by 5 condos from October).Stuart Florida Market Report ZIP Code 34997 Condo November 2013

 

6 Condos Sold in November (Decreased by 13  condos from October).

Stuart Florida Market Report ZIP Code 34997 Condo November 2013

Very poor activity for the Stuart condo market for the area in ZIP code 34997 for the month of November.  Both pending and closed sales were off significantly for the month as compared to last month.  The inventory remained unchanged.  Very unusual results as the 34997 residential market is one of the bright spots for November 2013.

The one month absorption rate jumped to 15.2 months from last months 4.8.  Back into a strong 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.   As I mentioned in October, we’re now back into a slower market in this segment after a fairly strong October.

The November 2012 numbers were: 97 active listings, 21 pending sales and 7 closed sales.   Fairly close activity compared to last year, though last year’s pendings were much better.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
Stuart Florida Market Report ZIP Code 34997 Condo November 2013 
 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2013

 

 

Stuart Florida Market Report ZIP Code 34997 Condo October 2013

11.14.13 by

Stuart Florida Market Report ZIP Code 34997 Condo October 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2013

 

For October 2013 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 91 active condo listings (Increased by 15 condos form September).Stuart Florida Market Report ZIP Code 34997 Condo October 2013

 

 

17 Condo sales are pending and awaiting close or lender approval (Down by 9 condos from September).

 Stuart Florida Market Report ZIP Code 34997 Condo October 2013

 

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

Stuart Florida Market Report ZIP Code 34997 Condo October 2013

 

The activity for the Stuart condo market for the area in ZIP code 34997 showed some very mixed results for the month of October.  Pending sales were off considerably while closed sales increased significantly.  Also, interestingly the inventory took a nice jump.

The one month absorption rate dropped to 4.8 months from last months 10.9.  Back into a strong sellers market.   A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.   Though with reduced pendings numbers this may swing back to a buyers market again soon.

The October 2012 numbers were: 99 active listings, 21 pending sales and 6 closed sales.   Much better closed activity this year.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:Stuart Florida Market Report ZIP Code 34997 Condo October 2013
 
 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2013

 

 

Stuart Florida Market Report ZIP Code 34997 Condo September 2013

10.23.13 by

Stuart Florida Market Report ZIP Code 34997 Condo September 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2013

 

For September 2013 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 76 active condo listings (A decrease of 5 condos form August).

 Stuart Florida Market Report ZIP Code 34997 Condo September 2013

 

28 Condo sales are pending and awaiting close or lender approval (Up by 6 condos from August).

 Stuart Florida Market Report ZIP Code 34997 Condo September 2013

 

7 Condos Sold in September (A decrease of 4 condos from August).

Stuart Florida Market Report ZIP Code 34997 Condo September 2013

 

The September activity for the Stuart condo market for the area in ZIP code 34997 remained slow though there was an increase in pending sales.   Hopefully this will translate to more closed sales in the near future.

The one month absorption rate rose to 10.9 months.  Back into a strong buyers market.   A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller. 

The September 2012 numbers were: 101 active listings, 19 pending sales and 9 closed sales.  When considering over a 25% decrease in active listings, our numbers are better for this year than last.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
 Stuart Florida Market Report ZIP Code 34997 Condo September 2013
 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2013

 

 

Stuart Florida Market Report ZIP Code 34997 Condo August 2013

09.22.13 by

Stuart Florida Market Report ZIP Code 34997 Condo August 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2013

 

For August 2013 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 81 active condo listings (An increase of 1 condo form July).Palm City Florida Market Report ZIP Code 34990 Condo August 2013

 

 

22 Condo sales are pending and awaiting close or lender approval (Down by 9 condos from July).Palm City Florida Market Report ZIP Code 34990 Condo July 2013

 

 

11 Condos Sold in August (A decrease of 1 condo from July).Palm City Florida Market Report ZIP Code 34990 Condo July 2013

 

 

The activity for the Stuart condo market for the area in ZIP code 34997 remained slow for the summer season.  A marginal increase in inventory, but a significant drop in pending sales and a small drop in closed sales.  The lower pending sales numbers may indicate lower closed sales coming in the near future.

The one month absorption rate rose to 7.3 months.  Back into a slight buyers market after months of a sellers market..   A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller. 

The August 2012 numbers were: 98 active listings, 24 pending sales and 13 closed sales.  Very similar activity to last year.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:Palm City Florida Market Report ZIP Code 34990 Condo July 2013
 
 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2013

 

 

Stuart Florida Market Report ZIP Code 34997 Condo July 2013

08.17.13 by

Stuart Florida Market Report ZIP Code 34997 Condo July 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2013

 

For July 2013 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 80 active condo listings (An increase of 3 condos form June).

Active Listings - Stuart Florida Market Report ZIP Code 34997 Condo July 2013

 

31 Condo sales are pending and awaiting close or lender approval (Down 1 condo from June).

Pending Listings - Stuart Florida Market Report ZIP Code 34997 Condo July 2013

 

12 Condos Sold in July (An increase of 4 condos from June).

Sold Listings - Stuart Florida Market Report ZIP Code 34997 Condo July 2013

 

A second slower month of activity for the Stuart condo market for the area in ZIP code 34997.  Still, activity remains strong for the ‘off’ season for Florida.  We need increased inventory for this market to get back to the fast pace we saw this spring.

The one month absorption rate dropped to 6.7 months.  Very close to a balanced market.   A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller. 

The July 2012 numbers were: 100 active listings, 28 pending sales and 13 closed sales.  Similar activity as compared to last year.  With a 20% lower inventory, these are good results. 

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
Market Summary - Stuart Florida Market Report ZIP Code 34997 Condo July 2013
 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2013

 

 

Stuart Florida Market Report ZIP Code 34997 Condo June 2013

07.17.13 by

Stuart Florida Market Report ZIP Code 34997 Condo June 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2013

 

For June 2013 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 77 active condo listings (A decrease of 10 condos form May).

[singlepic id=3768 w=500 h=500 float=center]

 

32 Condo sales are pending and awaiting close or lender approval (Up 2 condos from May).

[singlepic id=3769 w=500 h=500 float=center]

 

8 Condos Sold in June (A decrease of 9 condos from May).

[singlepic id=3770 w=800 h=800 float=center]

 

A second slower month of activity for the Stuart condo market for the area in ZIP code 34997.  The only bright note is a stron pending sales number as sales were off for the past two months.  Inventory is also down to very low numbers as well.

The one month absorption rate rose to 9.6 months.  Now back to a buyers market, after months of sellers having the advantage.   A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller. 

The June 2012 numbers were: 109 active listings, 26 pending sales and 12 closed sales.  Other than better pending numbers, the 34997 condo market is off from last year.  The very low inventory numbers are troubling for future activity.

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
[singlepic id=3771 w=700 h=700 float=center] 
 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2013

 

 

Stuart Florida Market Report ZIP Code 34997 Condo May 2013

06.17.13 by

Stuart Florida Market Report ZIP Code 34997 Condo May 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2013

 

For May 2013 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 87 active condo listings (A decrease of 14 condos form April).

[singlepic id=3689 w=600 h=600 float=center]

[singlepic id=3690 w=600 h=600 float=center]

 

30 Condo sales are pending and awaiting close or lender approval (Up 1 condo from April).

[singlepic id=3691 w=600 h=600 float=center]

 

17 Condos Sold in May (A decrease of 17 condos from April).

[singlepic id=3692 w=600 h=600 float=center]

[singlepic id=3693 w=600 h=600 float=center]

[singlepic id=3694 w=600 h=600 float=center]

 

After an exceptionally strong April, the Stuart condo market for the area in ZIP code 34997 eased considerably with only half as many closed sales.  Pending sales remained strong and the inventory took a big drop. 

The one month absorption rate rose to 5.7 months.  This is still a sellers market, but not the strong one of last month.  A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller. 

The May 2012 numbers were: 110 active listings, 29 pending sales and 14 closed sales.  These numbers are fairly similar to May of 2012.  I expect a retreat in the coming months as the summer season is typically slow for the condo market.

 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2013

 

 

Stuart Florida Market Report ZIP Code 34997 – Condo, April 2013

05.20.13 by

Stuart Florida Market Report ZIP Code 34997 – Condo, April 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2013

 

For April 2013 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 101 active condo listings (A decrease of 2 condos form March).

[singlepic id=3603 w=600 h=600 float=center]

[singlepic id=3604 w=600 h=600 float=center]

 

29 Condo sales are pending and awaiting close or lender approval (Down 10 condos from March).

[singlepic id=3605 w=600 h=600 float=center]

 

34 Condos Sold in April (An increase of 18 condos from March).

[singlepic id=3606 w=600 h=600 float=center]

[singlepic id=3607 w=600 h=600 float=center]

[singlepic id=3608 w=600 h=600 float=center]

 

The Stuart condo market for the area in ZIP code 34997 showed very strong closed numbers for April .  Sales more than doubled from March (which were also double from February).  Pending sales however took a significant drop.  While the inventory decreased by a small number (2).  One of the strongest months for condo activity in some years.
 

The one month absorption rate decreased to 3 months.  For April, this represents a major shift into a strong seller’s market.  A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller. 

The April 2012 numbers were: 115 active listings, 34 pending sales and 18 closed sales.  Other than the big increase in closed sales for this year, numbers are fairly similar to April of 2012.  I expect a return to a more balanced market in the coming months with the lower pending activity.

 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2013

 

 

Stuart Florida Market Report ZIP Code 34997 – Condo, March 2013

04.14.13 by

Stuart Florida Market Report ZIP Code 34997 – Condo, March 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2013

For March 2013 in the 34997 Zip Code area of Stuart, Florida :

There are currently 103 active condo listings (An increase of 1 condo form February).

39 Condo sales are pending and awaiting close or lender approval (Up 3 from February).

16 Condos Sold in March (An increase of 8 condos from February).

The Stuart condo market for the area in ZIP code 34997 showed a strong March .  Sales doubled from February.  Pending sales took a small increase after a significant rise last month.  While the inventory basically stayed unchanged.  One of the strongest months for condo activity in some years.

The one month absorption rate decreased to 6.4 months. Basically, a balanced market.  A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The March 2012 numbers were: 109 active listings, 40 pending sales and 14  closed sales.  An improvement from last March.

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2013

Stuart Florida Market Report ZIP Code 34997 – Condo, February 2013

03.18.13 by

Stuart Florida Market Report ZIP Code 34997 – Condo, February 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2013

 

For February 2013 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 102 active condo listings (A decrease of 4 condos form January).

[singlepic id=3430 w=600 h=600 float=center]

[singlepic id=3431 w=600 h=600 float=center]

 

36 Condo sales are pending and awaiting close or lender approval (Up 14 from January).

[singlepic id=3432 w=600 h=600 float=center]

 

8 Condos Sold in February (An increase of 5 condos from January).

[singlepic id=3433 w=600 h=600 float=center]

[singlepic id=3434 w=600 h=600 float=center]

[singlepic id=3435 w=600 h=600 float=center]

[singlepic id=3436 w=600 h=600 float=center]

 

After a fairly slow start to 2013 the Stuart condo market for the area in ZIP code 34997 showed a strong February.  Sales increased by 5 units.  Pending sales took a significant rise. While the inventory decreased resulting in less available condos for sale.  This should result in some added activity for this segment of the market in the coming months.

The one month absorption rate decreased to 12.8 months.  This is still a buyers market for the Stuart Florida Market Report ZIP Code 34997.  Typically, a 6 month absorption rate signifies a balanced market that favors neither the buyer nor the seller. 

The February 2012 numbers were: 112 active listings, 34 pending sales and 8 closed sales.  Very similar results year to year for February.

 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2013

 

 

Stuart Florida Market Report ZIP Code 34997 – Condo, January 2013

02.19.13 by

Stuart Florida Market Report ZIP Code 34997 – Condo, January 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2013

 

For January 2013 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 106 active condo listings (Increase of 8 condos form December).

[singlepic id=3331 w=600 h=600 float=center]

[singlepic id=3332 w=600 h=600 float=center]

 

22 Condo sales are pending and awaiting close or lender approval (Up 11 from December).

[singlepic id=3333 w=600 h=600 float=center]

 

3 Condos Sold in January (A decrease of 7 condos from December).

[singlepic id=3334 w=600 h=600 float=center]

[singlepic id=3335 w=600 h=600 float=center]

[singlepic id=3336 w=600 h=600 float=center]

[singlepic id=3337 w=600 h=600 float=center]

 

The Stuart condo market for the area in ZIP code 34997 had a fairly slow January to begin 2013.  Sales were off to only 3 units.  On a bit of a brighter note both the inventory and pending sales were up by healthy amounts.  This should result in some added activity for this segment of the market in the coming months.

The one month absorption rate is at  an atrocious 35 months.  This is an extreme buyers market for the Stuart Florida Market Report ZIP Code 34997.  Typically, a 6 month absorption rate signifies a balanced market that favors neither the buyer nor the seller. 

The January 2012 numbers were: 114 active listings, 24 pending sales and 13 closed sales.  Compared to January of 2012, this year’s market leaves a lot to be desired.  Almost all activity was softer in this segment for the beginning of 2013. 

 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2013

 

 

Stuart Florida Market Report ZIP Code 34997 – Condo, December 2012

01.16.13 by

Stuart Florida Market Report ZIP Code 34997 – Condo, December 2012

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2012

 

For December 2012 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 98 active condo listings (Increase of 1 condo form November).

[singlepic id=3231 w=600 h=600 float=center]

[singlepic id=3232 w=600 h=600 float=center]

 

12 Condo sales are pending and awaiting close or lender approval (Down 9 from November).

[singlepic id=3233 w=600 h=600 float=center]

 

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

[singlepic id=3238 w=600 h=600 float=center]

[singlepic id=3235 w=600 h=600 float=center]

[singlepic id=3236 w=600 h=600 float=center]

[singlepic id=3237 w=600 h=600 float=center]

 

The Stuart condo market for the area in ZIP code 34997 had a fairly slow December to end 2012.  The largest change from November was a sizable drop in pending sales.  This is typical for a December as the real estate traffic is typically slow during the Christmas season.  I am a little surprised that the closed sales numbers weren’t better at years end.

The one month absorption rate is at  9.8 months.  This is still a buyers market for the Stuart Florida Market Report ZIP Code 34997.  Typically, a 6 month absorption rate signifies a balanced market that favors neither the buyer nor the seller.

The December 2011 numbers were: 106 active listings, 21 pending sales and 15 closed sales.  Compared to December of 2011, this year’s market activity was a bit softer. 

 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2012

 

 

Stuart Florida Market Report ZIP Code 34997 – Condo, November 2012

12.19.12 by

Stuart Florida Market Report ZIP Code 34997 – Condo, November 2012

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2012

 

For November 2012 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 97 active condo listings (No change form October).

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[singlepic id=3133 w=600 h=600 float=center]

 

21 Condo sales are pending and awaiting close or lender approval (No change from October).

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7 Condos Sold in November (An increase of 1 condo from October).

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Reflecting the off season for condos, the Stuart condo market for the area in ZIP code 34997 had a fairly slow second month in a row for November.  Basically unchanged from October, with only minor variations.  With the holidays coming up, we’re not expecting any major movement in the Stuart condo market.  Possibly an increase in inventory as often condo owners will try to time the market for the winter and spring season when activity tends to be a bit higher.

The one month absorption rate is at  13.9 months, indicating a continued strong buyers market.

The November 2011 numbers were: 119 active listings, 24 pending sales and 5 closed sales.  No significant changes from last year with the exception of a reduced inventory of approximately 20%.

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2012