Stuart FL 34994 Condo Market Report October 2019

Stuart FL 34994 Condo Market Report October 2019 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for October 2019

For October 2019 in the 34994 Zip Code area of Stuart, Florida :

There are currently 101 active condo listings (Down by 2 condos from September).

Stuart FL 34994 Condo Market Report October 2019

36 Condo sales are pending and awaiting close or lender approval. (Up by 1 condo from last month) 

Stuart FL 34994 Condo Market Report October 2019

26 Condos Sold in September (Up by 7 condos from September).

Stuart FL 34994 Condo Market Report October 2019

The Stuart FL 34994 Condo market showed a nice increase in sales for October with little change in inventory as well as pending sales.

The absorption rate for October rose to 3.9 months compared to last month’s 5.4 months.  Remaining in a seller’s market for this condo segment of Stuart’s 34994 zip code area.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers nor sellers have an advantage in the real estate market.

Last October the numbers were 85 active listings, 45 pending sales, and 14 closed sales. We showed better-closed sales this year as opposed to lat year while pending sales were less.  The inventory of available condos for sale is also greater.

Stuart FL 34994 Condo Market Report October 2019

Are you interested in the value of your Stuart FL Condo?
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Click here for condos for sale in the 34994 zip code area of Stuart FL

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

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Click here for previous Stuart FL 34994 Condo Market Reports

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart FL 34994 Condo Market Report October 2019 

 

Stuart Florida 34994 Residential Market Report October 2019

Stuart Florida 34994 Residential Market Report October 2019

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for October 2019

For September 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 75 active listings (Down by 15 homes from September)

Stuart Florida 34994 Residential Market Report October 2019

37 Residential sales are pending and awaiting close or lender approval (Increased by 8 homes from last month).

Stuart Florida 34994 Residential Market Report October 2019

16 Homes Sold in October (Increased by 4 homes from September)

Stuart Florida 34994 Residential Market Report October 2019

The residential real estate market for the 34994 ZIP code area of Stuart, Florida showed strong results for October with both pending and closed sales increasing.

The one-month absorption rate for the 34994 zip code for October plunged to 4.7 months from 7.7 months for September.  Back, once again, into a seller’s market for the 34994 zip code area of Stuart, FL.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer has an advantage.

The October 2018 numbers were 85 Active Listings, 18 pending sales, and 15 closed sales.  Considerably better activity this year.  Especially when factoring in the lower inventory of available homes for sale.

Stuart Florida 34994 Residential Market Report October 2019

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Click on this link and fill out the form for an accurate personal evaluation

Search here for homes for sale in the 34994 zip code area of Stuart FL

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

Click here for previous Stuart Florida 34994 Residential Market Reports

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart Florida 34994 Residential Real Estate Market Report October 2019

Stuart FL 34994 Condo Market Report September 2019

Stuart FL 34994 Condo Market Report September 2019 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for September 2019

For September 2019 in the 34994 Zip Code area of Stuart, Florida :

There are currently 103 active condo listings (Up by 2 condos from August).

Stuart FL 34994 Condo Market Report September 2019

35 Condo sales are pending and awaiting close or lender approval. (Up by 1 condo from last month) 

Stuart FL 34994 Condo Market Report September 2019

19 Condos Sold in August (Down by 5 condos from August).

Stuart FL 34994 Condo Market Report September 2019

The Stuart FL 34994 Condo market showed a decrease in sales for September whithlittle change in inventory as well as pending sales.

The absorption rate for September rose to 5.4 months compared to last month’s 4.2 months.  Remaining in a seller’s market for this condo segment of Stuart’s 34994 zip code area.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers nor sellers have an advantage in the real estate market.

Last September the numbers were 76 active listings, 47 pending sales, and 20 closed sales. There’s a considerably greater inventory of available condos for sale this year when compared to last year.  This makes this year’s activity weaker than last year.

Stuart FL 34994 Condo Market Report September 2019

Are you interested in the value of your Stuart FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

Click here for condos for sale in the 34994 zip code area of Stuart FL

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

Search here for Stuart Florida Real Estate for Sale

Click here for previous Stuart FL 34994 Condo Market Reports

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart FL 34994 Condo Market Report September 2019 

 

Stuart Florida 34994 Residential Market Report September 2019

Stuart Florida 34994 Residential Market Report September 2019

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for September 2019

For August 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 92 active listings (Up by 5 homes from August)

Stuart Florida 34994 Residential Market Report September 2019

29 Residential sales are pending and awaiting close or lender approval (Decreased by 9 homes from last month).

Stuart Florida 34994 Residential Market Report September 2019

12 Homes Sold in September (Increased by 8 homes from August)

Stuart Florida 34994 Residential Market Report September 2019

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida rebounded from a pretty weak August with much better activity for September.

The one-month absorption rate for the 34994 zip code for September plunged to 7.7 months from 21.8 months for August.  Moving towards a more balanced market for the 34994 zip code area of Stuart, FL.  I anticipate that this is just a temporary one-month situation.   A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The September 2018 numbers were 72 Active Listings, 16 pending sales, and 17 closed sales.  There was less inventory of available homes for sale last year.  Yet, closed sales were greater.  This year, our pending sales look stronger which should result in greater closed sales in the coming months.

Stuart Florida 34994 Residential Market Report September 2019

Are you interested in the value of your Stuart FL Home?
Click on this link and fill out the form for an accurate personal evaluation

Search here for homes for sale in the 34994 zip code area of Stuart FL

Search here for vacant land for sale in the 34994 zip code area of Stuart FL

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

Click here for previous Stuart Florida 34994 Residential Market Reports

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart Florida 34994 Residential Real Estate Market Report September 2019

Stuart FL 34994 Condo Market Report August 2019

Stuart FL 34994 Condo Market Report August 2019 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for August 2019

For August 2019 in the 34994 Zip Code area of Stuart, Florida :

There are currently 101 active condo listings (Up by 2 condos from July).

Stuart FL 34994 Condo Market Report August 2019

34 Condo sales are pending and awaiting close or lender approval. (Down by 2 condos from last month) 

Stuart FL 34994 Condo Market Report August 2019

24 Condos Sold in July (Up by 9 condos from July).

Stuart FL 34994 Condo Market Report August 2019

The Stuart FL 34994 Condo market had a nice jump in closed sales this month.  Inventory, as well as pending sales, showed little change from July.  The hurricane, towards the end of the month, seems to have had little effect on this segment of the Stuart condo market.

The absorption rate for August dropped to 4.2 months compared to last month’s 6.6 months.  Back into a seller’s market for this condo segment of Stuart’s 34994 zip code area.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers nor sellers have an advantage in the real estate market.

Last August the numbers were 77 active listings, 60 pending sales, and 16 closed sales. Better closed sales volume this year on a greater inventory of available condos for sale.  Pending sales were much better last year.

Stuart FL 34994 Condo Market Report August 2019

Are you interested in the value of your Stuart FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

Click here for condos for sale in the 34994 zip code area of Stuart FL

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

Search here for Stuart Florida Real Estate for Sale

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart FL 34994 Condo Market Report August 2019