Stuart FL 34997 Condo Market Report August 2016
Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2016
For August 2016 in the 34997 Zip Code area of Stuart, Florida :
There are currently 65 active condo listings (Down by 8 condos from July).
28 Condo sales are pending and awaiting close or lender approval (Up by 3 condos from July).
12 Condos Sold in August (Increased by 2 condos from July).
The Stuart FL condo market for zip code 34997 showed increased sales and pending sales from last month. A somewhat surprising result as we are in the typically slower condo market during the summer and early fall months.
The absorption rate dropped to 5.4 months in August from 7.3 months for July. Back into a seller’ market for the 34997 zip code area of Stuart condos after one month of being in 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 August 2015 numbers were: 46 active listings, 18 pending sales and 6 closed sales. Better activity on a greater inventory for this year as compared to last August.
Search for Stuart Condos for Sale by Price:
- Condominium Properties for Sale in Stuart, Florida Between $0 – $100,000
- Condominium Properties for Sale in Stuart, Florida Between $100,000 – $200,000
- Condominium Properties for Sale in Stuart, Florida Between $200,000 – $300,000
- Condominium Properties for Sale in Stuart, Florida Between $300,000 – $400,000
- Condominium Properties for Sale in Stuart, Florida Between $400,000 – $500,000
- Condominium Properties for Sale in Stuart, Florida Between $600,000 – $700,000
- Condominium Properties for Sale in Stuart, Florida Between $800,000 – $900,000
- Condominium Properties for Sale in Stuart, Florida Between $900,000 – $1,000,000
- Condominium Properties for Sale in Stuart, Florida Between $1,200,000 – $1,300,000
- Condominium Properties for Sale in Stuart, Florida Between $2,400,000 – $2,500,000
Stuart Florida Real Estate presented by:
Gabe Sanders
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