Stuart Florida Market Report ZIP Code 34997 – Condo, September 2011

 Stuart Florida Market Report ZIP Code 34997 – Condo, September 2011

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2011

 

For September, 2011 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 112 active condo listings (An increase of 5 units form August).

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16 Condo sales are pending and awaiting close or lender approval (Unchanged from August).

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4 Condos Sold in June (Down 5 from August).

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The Stuart condo market for the area in ZIP code 34997 showed the weakest results for September in the three areas of Stuart that we watch.  An increase in inventory along with a decrease in sales.  This is the off season for condos so this is hopefully just the season and not a bad trend beginning.  

The increase in inventory may also be attributable to some sellers trying to time the market as well as a reaction from recent relatively good sales for the past spring and summer season.  Most efforts to time the market, especially when made in relatively large numbers become self defeating as in this trying market, this increase in inventory may just drive the market a bit lower.

However, for buyers, especially for those who can obtain financing, there hasn’t been a more attractive real estate market in decades.  There are some savvy buyers getting excellent deals for homes at prices equivalent to 10 or 11 years ago.

This will be an interesting season to watch!

 

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2011

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