Stuart Florida Market Report ZIP Code 34997 – Condo, August 2012

Stuart Florida Market Report ZIP Code 34997 – Condo, August 2012

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2012

 

For August 2012 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 98 active condo listings (A decrease of 2 condo form July).

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24 Condo sales are pending and awaiting close or lender approval (Down 4 condos from July).

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15 Condos Sold in August (An increase of 2 condos from July).

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Bucking the trend for the other condo markets in Martin County, the Stuart condo market for the area in ZIP code 34997 had excellent numbers for August of 2012.  Inventory is now down to only 98 units while both pending and closed sales rose.

The one month absorption rate is at 6.5 months, which is basically a balanced market, favoring neither the seller or buyer.

The August 2011 numbers were: 107 active listings, 16 pending sales and 9 closed sales.  A considerable improvement this year from 2011.

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2012

 

 

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