Stuart Florida Market Report ZIP Code 34994 – Condo, January 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for January 2013

For January, 2013 in the 34994 Zip Code area of Stuart, Florida :

There are currently 158 active condo listings (Increase of 5 condos from December).

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41 Condo sales are pending and awaiting close or lender approval. (Up 6 condos from last month)

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15 Condos Sold in January (An increase of 1 condo from December).

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A fairly good month for the Stuart Condo market for zip code 34994.  Not quite as strong as some of the earlier fall moths, but with a slight increase in inventory as well as increases in both pending and closed sales, this segment seems to be holding its own. 

The one month absorption rate is at 10.5 months, which still signifies a buyers market.  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 or sellers have an advantage in the real estate market.

Last January the numbers were 154 active listings, 33 pending sales, and 11 closed sales.  Slightly better numbers for this year with a similar inventory.  This should continue through the year.

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

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

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

There are currently 153 active condo listings (Unchanged from November).

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35 Condo sales are pending and awaiting close or lender approval. (Down 7 condos from last month)

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14 Condos Sold in December (An increase of 3 condos from November).

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After numerous months of strong results for the Stuart Condo market for zip code 34994 even during our off season, the market has cooled slightly as we passed the holidays.  The bright note is that end of year bargain hunters closed on 14 condos an increase from the previous prices.  All were in the under $100,000 price range.  The inventory remained unchanged while pending sales were off.  An expected result as there is typically considerably reduced traffic during the holidays. 

The one month absorption rate is at 11 months, which still signifies a buyers market.  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 or sellers have an advantage in the real estate market.

Last December the numbers were 153 active listings, 35 pending sales, and 13 closed sales.  Almost identical to this years activity.

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

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

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

There are currently 153 active condo listings (Up 10 condo from October).

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42 Condo sales are pending and awaiting close or lender approval. (Down 3 condos from last month)

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11 Condos Sold in November (Decreased by 2 condos from October).

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After numerous months of strong results for the Stuart Condo market for zip code 34994 even during our off season, the market has cooled slightly as we approach the holidays.  Sales were off by 2 units and pending sales also were off by 3 condos. while the  available inventory was up by 10 units.  The one month absorption rate is at 14 months, which still signifies a buyers market.  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 or sellers have an advantage in the real estate market.

Last November the numbers were 146 active listings, 35 pending sales, and 10 closed sales.

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

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

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

There are currently 143 active condo listings (Up 1 condo from September).

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

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13 Condos Sold in October (Increased by 1 condo from September).

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Continued strong results for the Stuart Condo market for zip code 34994 even during our off season.  Sales were up by 1 unit while pending sales remained unchanged and the available inventory was up by 1 unit.  The one month absorption rate is at 11 months, which still signifies a buyers market.  And, it appears that the buyers are indeed buying, even during the typically slower condo season.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither a buyers or sellers market.

Last October the numbers were 135 active listings, 31 pending sales, and 21 closed sales.

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

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

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

There are currently 142 active condo listings (Down 1 condo from August).

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

12 Condos Sold in September (Decreased by 1 condo from August).

Continued strong results for the Stuart Condo market for zip code 34994 even during our off season.  Sales were off by 1 unit while pending sales were up an additional 2 condos and the available inventory continues to decrease.  The one month absorption rate is at 11.8 months, which still signifies a buyers market.  And, it appears that the buyers are indeed buying, even during the typically slower condo season.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither a buyers or sellers market.

Last September the numbers were 132 active listings, 45 pending sales, and 18 closed sales.  There is still room for improvement in this segment of the Stuart Florida condo market.

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

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

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

There are currently 143 active condo listings (Down 10 condos from July).

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

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13 Condos Sold in August (Decreased by 4 condos from July).

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Somewhat surprisingly strong results for the Stuart Condo market for zip code 34994.  While sales were off by 4 condos, pending sales were up by a significant 13 units.  The available inventory also decreased significantly.  The one month absorption rate is at 11.8 months, which still signifies a buyers market.  And, it appears that the buyers are indeed buying, even during the typically slower condo season.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither a buyers or sellers market.

Last August the numbers were 136 active listings, 43 pending sales, and 16 closed sales.  There is still great room for improvement in this segment of the Stuart Florida condo market.

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

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

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

There are currently 153 active condo listings (Up 13 condos from June).

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30 Condo sales are pending and awaiting close or lender approval. (Down 10 from last month)

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17 Condos Sold in July (Increased by 5 condos from June).

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The Stuart Condo market for zip code 34994 showed an increase in closed for July, after a disappointing June. A little bit of a surprise as we head into the historically slower season for condo sales.   Pending sales were off by 25% and also a surprise, we’ve had the first increase in inventory in quite some time.  Most sales were in the more modest categories of under $80,000.

The one month absorption rate for this market is now 9 months.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither a buyers or sellers market.

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

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

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

There are currently 140 active condo listings (Down by 10 condos from May).

40 Condo sales are pending and awaiting close or lender approval. (Up 3 from last month)

12 Condos Sold in June (Decreased by 11 condos from May).

The Stuart Condo market for zip code 34994 showed a marked decrease of closed sales possibly indicating a seasonal slowdown for the summer months.  But pending sales took a small jump, which is encouraging.  Active listings were down by 10, now only 140 active listings.  Lower inventory typically means less supply, which with any return in demand, might indicate price rises in the near future.

Last year in June of 2011 the numbers were: 148 active listings, 44 pending listings and 10 closed sale.  Fairly similar numbers from last year, with slightly better numbers in all categories.

The one month absorption rate for this market is now 12 months.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither a buyers or sellers market.

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

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

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

There are currently 147 active condo listings (Up by 4 condos from March).

43 Condo sales are pending and awaiting close or lender approval. (Down 1 from last month)

15 Condos Sold in April (Unchanged from March).

The Stuart Condo market for zip code 34994 showed little change in April with very similar numbers from the previous two months.  We’ve also had the first uptick in inventory in a few months as some sellers may feel the time is right to put their condo on the market.

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