Stuart Florida Market Report ZIP Code 34994 – Residential, September 2011

Stuart Real Estate Snapshot for ZIP Code 3499, Residential Sales for September 2011

For September 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 71 active listings (Down 13 from August).

36 Residential sales are pending and awaiting close or lender approval (Up 9 from  August).

7 Homes Sold in September (Up 2 from August)

The 34994 ZIP code area of Stuart is bucking the trend from the rest of Martin County.  While other sections of Stuart showed increasing inventories, decreases in pending sales as well as completed sales, this area of Stuart showed gains across the board. Only one sale was in the medium price range of $400,000’s while the others were under $150,000.  However, some fairly high-priced pending sales awaiting close that we can hopefully report on next month.  The average list-to-sales ratio is a little weak compared to past values at 90% ( or in other words the average sales price is 90% of the listing price). The average days on market also remain a bit high at 217 days.