Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code February 2014

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code February 2014

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for February 2014

For February 2014 in the 34996 Zip Code area of Stuart, Florida :

There are currently 171 active condo listings (Down by 2 condos from last month).

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

30 Condos Sold in February (Increased by 15 condos from January) 

For the Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code February 2014, showed very strong activity.   Inventory remained unchanged while closed sales doubled to 30 condos.  Pending sales also increased, though only slightly.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 5.7  months from January’s 11.4.  Now, a sellers market for February 2014.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for February 2012 were: 199 active listings, 62 pending sales and 20 closed sales.  Inventory levels are still below that of 2013, one of the few areas in Martin County with these results.  Excellent activity as compared to last year, but the reduced numbers of pending sales (as compared to last year) may impact us in the coming months.