You are here: Home / Market Reports / Stuart Florida Market Report ZIP Code 34997 – Condo, December 2012

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

01.16.13 by

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

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

 

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

 

There are currently 98 active condo listings (Increase of 1 condo form November).

[singlepic id=3231 w=600 h=600 float=center]

[singlepic id=3232 w=600 h=600 float=center]

 

12 Condo sales are pending and awaiting close or lender approval (Down 9 from November).

[singlepic id=3233 w=600 h=600 float=center]

 

10 Condos Sold in December (An increase of 3 condos from November).

[singlepic id=3238 w=600 h=600 float=center]

[singlepic id=3235 w=600 h=600 float=center]

[singlepic id=3236 w=600 h=600 float=center]

[singlepic id=3237 w=600 h=600 float=center]

 

The Stuart condo market for the area in ZIP code 34997 had a fairly slow December to end 2012.  The largest change from November was a sizable drop in pending sales.  This is typical for a December as the real estate traffic is typically slow during the Christmas season.  I am a little surprised that the closed sales numbers weren’t better at years end.

The one month absorption rate is at  9.8 months.  This is still a buyers market for the Stuart Florida Market Report ZIP Code 34997.  Typically, a 6 month absorption rate signifies a balanced market that favors neither the buyer nor the seller.

The December 2011 numbers were: 106 active listings, 21 pending sales and 15 closed sales.  Compared to December of 2011, this year’s market activity was a bit softer. 

 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

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

 

 

Filed Under: Market Reports, Real Estate Tagged With: , , , , , , , , ,

Leave a Reply