Stuart Florida Market Report ZIP Code 34996 – Condo, December 2011

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2011

For December 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 226 active condo listings (Up 1 from last month).

19 Condo sales are pending and awaiting close or lender approval (A decrease of 2 condos from November).

12 Condos Sold in December (A decrease of 2 condos from November)

Surprisingly, the Stuart condo market for the area in ZIP code 34996 had a small decrease (or basically unchanged inventory from last month.  It will be interesting to see if this trend continues as many condo sellers tend to place their units on the market as the season begins to heat up during December and January.   There were slight decreases in both pending and closed sales. 

Compared to the end of last year in December of 2010, the numbers were  259 active listings, 46 pending sales and 20 closed sales.  Unlike many other segments of both our single-family and condo markets here on the Treasure Coast and particularly in Martin County, this segment of the Stuart condo market is not faring nearly as well as last year.