Stuart Florida Market Report ZIP Code 34994 – Condo, March 2012

04.12.12 by

Stuart Florida Market Report ZIP Code 34994 – Condo, March 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for March 2012

For March 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 143 active condo listings (Down by 5 condos from February).

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

15 Condos Sold in March (Unchanged from February).

The Stuart Condo market for zip code 34994 showed continued momentum in March with very similar numbers from the previous month. Of note, is the fact that the inventory continues to decline while sales and pendings remained steady.

In March of 2011 the numbers were: Active – 144, Pending – 50 and Sales – 25.  Compared to last year, we are slightly below expectations.

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Stuart Florida Market Report ZIP Code 34994 – Condo, March 2012

Stuart Florida Market Report ZIP Code 34994 – Residential, March 2012

04.11.12 by

Stuart Florida Market Report ZIP Code 34994 – Residential, March 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for March 2012

For March 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 84 active listings (Up 6 from February).

41 Residential sales are pending and awaiting close or lender approval (Down 2 from February).

7 Homes Sold in March (Down 5 homes from February)

The 34994 ZIP code area of Stuart showed a slight easing from the fairly good numbers from February.  Inventory was up by 8%, pending and closed sales were off slightly.

Last March at this time, there were 99 active listings, 29 pending sales and 6 closed sales.  So, still better than last year at this time.

In the 34997 zip code of Stuart, Florida there is not a large inventory and many of the homes currently on the market are just not what today’s buyer is in the market looking for.  So, sales will continue to be difficult unless the home is very attractively priced.

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Stuart Florida Market Report ZIP Code 34994 – Residential, March 2012

Stuart Florida Market Report ZIP Code 34994 – Condo, February 2012

03.11.12 by

Stuart Florida Market Report ZIP Code 34994 – Condo, February 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for February 2012

For February 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 148 active condo listings (Down by 6 condos from January).

46 Condo sales are pending and awaiting close or lender approval. (Up 13 from last month)

15 Condos Sold in February (Up 4 units from January).

After a pretty slow start to 2012, the Stuart Condo market for zip code 34994 showed some life in February with all trends moving in the right direction.  Noticeable was a significant jump in pending sales. Compared to February of 2011, when there were 141 active listings, 24 pending sales, and 3 closed sales. The inventory is down from last year, but pending and closed sales remain weak in this market segment. This is increasing pressure for additional price drops unless sales can pick up in the latter part of this season.

In the next few months, the peak season for condos will show what the market can bear for 2012 for the Treasure Coast condo market.

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Stuart Florida Market Report ZIP Code 34994 – Condo, February 2012

Stuart Florida Market Report ZIP Code 34994 – Residential, February 2012

03.10.12 by

Stuart Florida Market Report ZIP Code 34994 – Residential, February 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for February 2012

For February 2012 in the 34994 Zip Code area of Stuart, Florida :

There are currently 148 active listings (Down 5 from January).

43 Residential sales are pending and awaiting close or lender approval (Up 5 from January).

7 Homes Sold in February (Up 1 homes from January)

Stuart’s 34994 ZIP code area continues to show a steady improvement across the board.  Inventory decreased, and pending and closed sales were up.   With a dwindling inventory, we are rapidly approaching the point that buyers will either pay a premium if they want this location or look elsewhere.

Last February at this time, there were 99 active listings, 29 pending sales, and 6 closed sales.

With the lower number of homes on the market this year, it will be interesting to see what happens as we continue in the height of the season these months.

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Stuart Florida Market Report ZIP Code 34994 – Residential, February 2012

Stuart Florida Market Report ZIP Code 34994 – Residential, January 2012

02.13.12 by

Stuart Florida Market Report ZIP Code 34994 – Residential, January 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for January 2012

For January 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 83 active listings (Down 4 from December).

38 Residential sales are pending and awaiting close or lender approval (Up 7 from December).

6 Homes Sold in January (Down 1 homes from December)

The 34994 ZIP code area of Stuart did a bit better than last month though 1 less home actually closed (sold) as opposed to December.  The good news is that the inventory went back down a little and pending home sales are up, indicating more activity and sales for the near future.  Comparing the activity to January of 2011 when there were 111 active listings with 42 pending sales and 6 closed sales, we’re still not seeing as robust activity as we would like.  These numbers are very similar to last year although we do have reduced inventory.

With the lower number of homes on the market this year, it will be interesting to see what happens as we continue in the height of the season these months.

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Stuart Florida Market Report ZIP Code 34994 – Residential, January 2012

Stuart Florida Market Report ZIP Code 34994 – Residential, December 2011

01.14.12 by

Stuart Florida Market Report ZIP Code 34994 – Residential, December 2011

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for December 2011

For December 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 87 active listings (Up 8 from November).

31 Residential sales are pending and awaiting close or lender approval (Down 1 from November).

7 Homes Sold in December (Down 4 homes from November)

The 34994 ZIP code area of Stuart had a fairly slow month of December. With inventory up by8 homes, pending sales were off by only 1 and closed sales were off by 4 homes. Comparing the activity to December of 2010 when there were 114 active listings with 37 pending sales and 14 closed sales. A significantly lower number of sales were completed this year compared to last year with less available inventory.

With the lower number of homes on the market this year, it will be interesting to see what happens as we get into the height of the season in the next few months.

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Stuart Florida Market Report ZIP Code 34994 – Residential, December 2011

Stuart Florida Market Report ZIP Code 34994 – Residential, November 2011

12.12.11 by

Stuart Florida Market Report ZIP Code 34994 – Residential, November 2011

Stuart Real Estate Snapshot for ZIP Code 3499, Residential Sales for November 2011

For November 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 79 active listings (Up 2 from October).

32 Residential sales are pending and awaiting close or lender approval (Down 4 from October).

11 Homes Sold in November (Up 2 from October)

The 34994 ZIP code area of Stuart had a relatively unchanged market from last month.  With inventory up slightly by two homes, pending sales off by 4 and closed sales up by 2.  Comparing the activity to November of 2010 when there were 119 active listings with 32 pending sales and 2 closed sales.   A significantly higher number of sales were completed this year compared to last year even though there were fewer available homes.

With the lower inventory this year, it will be interesting to see what happens as we get into the height of the season in the next few months.

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Stuart Florida Market Report ZIP Code 34994 – Residential, November 2011

Stuart Florida Market Report ZIP Code 34994 – Residential, October 2011

11.17.11 by

Stuart Florida Market Report ZIP Code 34994 – Residential, October 2011

Stuart Real Estate Snapshot for ZIP Code 3499, Residential Sales for October 2011

For October 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 77 active listings (Up 6 from September).

36 Residential sales are pending and awaiting close or lender approval (Unchanged from September).

9 Homes Sold in October (Up 2 from September)

The 34994 ZIP code area of Stuart continues to do well, especially as compared to the surrounding areas.  While inventory was up by seven homes last month, pending sales remain strong and closed sales were up.  Considering that this is typically a slow time for our area, these are strong results.

We’re not expecting any large changes for the holiday season, possibly some easing of the market.  May have a surprisingly strong new year coming up if the economy will let it happen.

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Stuart Florida Market Report ZIP Code 34994 – Residential, October 2011

Stuart Florida Market Report ZIP Code 34994 – Condo, September 2011

10.24.11 by

Stuart Florida Market Report ZIP Code 34994 – Condo, September 2011

Stuart Real Estate Snapshot for ZIP Code 3499, Condo Sales for September 2011

For September 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 132 active condo listings (Down 4 from August).

45 Condo sales are pending and awaiting close or lender approval. (Up 2 from last month)

18 Condos Sold in September (Up 2 units from August).

The Stuart condo market for the area in ZIP code 34994 showed a surprisingly strong September 2011 market activity.  All indexes moved in the right direction with lower inventory, higher pendings and sales.  This, even though, typically September is one of the slower months for condo sales in our area.

Sales were mixed both in the higher as well as lower price ranges.  Many buyers feel the bottom of the market is close or possibly already past and are taking advantage of some very good values.

With the height of the season to come, it will be interesting to see what happens!

Search here for Stuart Florida Real Estate for Sale ( Condos)

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Stuart Florida Market Report ZIP Code 34994 – Condo, September 2011

Stuart Florida Market Report ZIP Code 34994 – Residential, September 2011

10.18.11 by

Stuart Florida Market Report ZIP Code 34994 – Residential, September 2011

Stuart Real Estate Snapshot for ZIP Code 3499, Residential Sales for September 2011

For September 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 71 active listings (Down 13 from August).

36 Residential sales are pending and awaiting close or lender approval (Up 9 from  August).

7 Homes Sold in September (Up 2 from August)

The 34994 ZIP code area of Stuart is bucking the trend from the rest of Martin County.  While other sections of Stuart showed increasing inventories, decreases in pending sales as well as completed sales, this area of Stuart showed gains across the board. Only one sale was in the medium price range of $400,000’s while the others were under $150,000.  However, some fairly high-priced pending sales awaiting close that we can hopefully report on next month.  The average list-to-sales ratio is a little weak compared to past values at 90% ( or in other words the average sales price is 90% of the listing price). The average days on market also remain a bit high at 217 days.

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Stuart Florida Market Report ZIP Code 34994 – Residential, September 2011

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for August 2011

09.24.11 by

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for August 2011

For August 2011 in the 34994 Zip Code area of Stuart, Florida :
(Due to technical difficulties the July Market Snapshot data was unavailable)

There are currently 136 active condo listings (Down 12 from June).

43 Condo sales are pending and awaiting close or lender approval. (a decrease of 1 from June)

16 Condos Sold in August (Up 3 units from June).

The condo market for zip code 34994 in Stuart showed positive results for the month of August.  This is unexpected as the condo market tends to be more seasonal and typically slows down until the beginning of the Florida vacation season, which is usually around and after the holidays.  As long as we don’t have a flood of seasonal listings come on the market this fall, this should bode well for sales this coming season (assuming we don’t have continued terrible economic news as well).

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for August 2011

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Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for August 2011

09.18.11 by

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for August 2011

For August 2011 in the 34994 Zip Code area of Stuart, Florida :
(August data is compared to June since there was a problem compiling July data)

There are currently 84 active listings (Up 5 from June).

27 Residential sales are pending and awaiting close or lender approval (Down 9 from last June).

5 Homes Sold in August (Down 5 from June and down 7 from July’s 12 sales)

Unfortunately a very poor report for the 34994 zip code area of Stuart Florida.  The bad trend in all three categories.  Inventory has risen for the first time in years, pending and sales both off.

With the latest poor economic news as well as a seeming political deadlock in Washington, consumer confidence has once again dropped and we are seeing a marked decrease in sales in the mid to upper range in the Martin County real estate market.  The latest sales (which show some good results) were mainly initiated prior to the more current news as typically real estate sales typically take from one to three months to close.

Interestingly enough, neighboring zip codes 34997 and 34996 had positive results for the last two months.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for August 2011

 

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Stuart Florida Quick Property Search:

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For more information, visit our website or call us at (772) 888-2885.
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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for June 2011

07.13.11 by

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for June 2011

For June 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 148 active condo listings (Down 6 from last month).

44 Condo sales are pending and awaiting close or lender approval. (an increase of 8 from May)

10 Condos Sold in June (down 3 units from last month).

After a fairly disappointing May, June has some positive statistics for the condo market in the 34994 zip code area for Stuart Florida.  While sales were off by 3 units, the inventory further declined by another 6 condos and the pending sales rose by 8 units.  Fairly strong numbers during a month with some very poor economic news that have kept many seasonal and second home buyers on the sidelines worried about the future.

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for June 2011

Stuart Florida Real Estate presented by:
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Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for June 2011

07.12.11 by

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for June 2011

For June 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 79 active listings (Down 10 from May).

36 Residential sales are pending and awaiting close or lender approval (up 5 from last month).

10 Homes Sold in June (up 1 from May)

Residential market activity for the 34994 zip code area of Stuart Florida was strong for June 2011.  Sales were up by one unit to 10, but more importantly over a 10% decrease in inventory as well as a solid increase to 36 pending sales.  All this during a month of fairly bad economic news with a lot of uncertainty as to the future economic conditions of the area.  As the inventory declines, and fewer homes are available, eventually, pressure for increased prices will come.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for June 2011

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for May 2011

06.20.11 by

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for May 2011

For May 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 154 active condo listings (up 6 from last month).

36 Condo sales are pending and awaiting close or lender approval. (a decrease of 3 from April)

13 Condos Sold in May (down 13 units from last month).

A disappointing month for the 34994 zip code portion of Stuart Florida for condo sales.  Inventory rose for the second month in a row.  Both closed and pending sales were also off.  Unfortunately not a good sign for the health of this segment of the market.

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for May 2011

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Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for May 2011

06.15.11 by

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for May 2011

For May 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 89 active listings (Up 1 from April).

31 Residential sales are pending and awaiting close or lender approval (up 3 from last month).

9 Homes Sold in May (up 1 from April)

Inventory rose by only 1 unit in Stuart’s 34994 zip code area for May.  Pending sales remained strong (up by 3) and a small increase in closed sales for May were mostly positive signs for continued growth in this segment of Martin County’s real estate market.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for May 2011

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for April 2011

05.11.11 by

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for April 2011

For April 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 148 active condo listings (up 4 from last month).

39 Condo sales are pending and awaiting close or lender approval. (a decrease of 11 from March)

26 Condos Sold in April (up 1 unit from last month).

Another solid month for condos in the 34994 zip code area of Stuart.  Pending sales are unfortunately off, most likely a reflection of the expected slower activity as we enter into the off-season for vacation home buyers in Martin County.  Inventory also grew slightly and remains troublesome (high).

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for April 2011

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Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for April 2011

05.10.11 by

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for April 2011

For April 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 88 active listings (down 11 from March).

28 Residential sales are pending and awaiting close or lender approval (down 1 from last month).

8 Homes Sold in April (up 2 from March)

Inventory is significantly reduced in Stuart’s 34994 zip code area for April.  Strong pending sales and an increase in closed sales for April were all positive signs for this segment of Martin County’s real estate market.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for April 2011

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for March 2011

04.19.11 by

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for March 2011

For March 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 144 active condo listings (up 3 from last month).

50 Condo sales are pending and awaiting close or lender approval. (an increase of 26 from February)

25 Condos Sold in March (up 22 units from last month).

After a very poor February, the condo market in Stuart for the 34004 zip code area, rebounded exceptionally well.

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for March 2011

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Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for March 2011

04.14.11 by

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for March 2011

For March 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 99 active listings (up 1 from February).

29 Residential sales are pending and awaiting close or lender approval (down 8 from last month).

6 Homes Sold in March (down 7 from February)

A weak month for the 34994 zip code area of Stuart Florida with decreases in all areas.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for March 2011

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