Stuart FL 34994 Condo Market Report October 2017 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for October 2017

For October 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 92 active condo listings (Up by 19 condos from September).

28 Condo sales are pending and awaiting close or lender approval. (Increased by 6 condos from last month) 

14 Condos Sold in October (Unchanged from September).

The Stuart FL 34994 Condo market showed an unexpected jump in inventory for October.  Sales remained low with an icrease in pending sales.  Some of October’s activity could have been impacted by Hurricane Irma which shut down real estate for a little over a week in September with ripple effects that have continued.

The absorption rate for October increased to 6.6 months compared to last month’s 5.2.  Now into a balanced market for this condo segment of Stuart’s 34994 zip code area.  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 October the numbers were 93 active listings, 30 pending sales, and 14 closed sales.  Very similar activity to last October.

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Stuart, FL Real Estate

Business Opportunity Properties

• • Business Opportunity Properties for Sale in Stuart, Florida Between $0 – $500,000
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Commercial Properties

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• • Rental Properties for Rent in Stuart, Florida Between $0 – $500,000

Residential Properties

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Residential Income Properties

• Residential Income Properties for Sale in Stuart, Florida Between $0 – $500,000