Stuart Florida Market Report ZIP Code 34997 – Residential, February 2012

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for February 2012

There are currently 471 active listings (A decrease of 59 homes from January).

242 Residential sales are pending and awaiting close or lender approval (An increase of 37 homes from January).

60 Homes Sold in January (Up 15 homes from January)

Another positive month for the 34997 zip code area of Stuart Florida.  This segment of the martin County real estate market is just HOT!  Inventory took a huge drop last month while both pending and closed sales were up.  There is an exceptionally large number of contingent sales (pendings) that are awaiting lender approval in the form of short sales.  Hopefully, the majority of these will receive approval and close.

Compared to February of 2011, when there were 641 active listings, 207 pending sales and 36 closed sales, the 34997 area code for Stuart, Florida continues to show great improvement with considerably improved numbers, even with less inventory available.

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