Stuart Florida Market Report ZIP Code 34997 – Condo, February 2013

Stuart Florida Market Report ZIP Code 34997 – Condo, February 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2013

 

For February 2013 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 102 active condo listings (A decrease of 4 condos form January).

[singlepic id=3430 w=600 h=600 float=center]

[singlepic id=3431 w=600 h=600 float=center]

 

36 Condo sales are pending and awaiting close or lender approval (Up 14 from January).

[singlepic id=3432 w=600 h=600 float=center]

 

8 Condos Sold in February (An increase of 5 condos from January).

[singlepic id=3433 w=600 h=600 float=center]

[singlepic id=3434 w=600 h=600 float=center]

[singlepic id=3435 w=600 h=600 float=center]

[singlepic id=3436 w=600 h=600 float=center]

 

After a fairly slow start to 2013 the Stuart condo market for the area in ZIP code 34997 showed a strong February.  Sales increased by 5 units.  Pending sales took a significant rise. While the inventory decreased resulting in less available condos for sale.  This should result in some added activity for this segment of the market in the coming months.

The one month absorption rate decreased to 12.8 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 February 2012 numbers were: 112 active listings, 34 pending sales and 8 closed sales.  Very similar results year to year for February.

 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2013

 

 

Leave a Reply