Stuart FL 34996 Condo Market Report October 2019

Stuart FL 34996 Condo Market Report October 2019

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for October 2019

There are currently 105 active condo listings (Up by 2 condos from last month).

Stuart FL 34996 Condo Market Report October 2019

32 Condo sales are pending and awaiting close or lender approval (Up by 13 condos from September).

Stuart FL 34996 Condo Market Report October 2019

16 Condos sold in October (Down by 16 condos from September) 

Stuart FL 34996 Condo Market Report October 2019

The Stuart FL 34996 Condo Market of Stuart had a sizeable drop in closed sales from last month.  Though, on a brighter note, the pending sales numbers are up which may indicate better closed sales numbers in the coming months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 jumped to 6.6 months from September’s 3.2 months. Bringing us back into a balanced market for this segment of Martin County condos but not as extreme as last month.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for October 2018 were: 127 active listings, 22 pending sales, and 19 closed sales. There was better closed and pending sales numbers last year.  Though, the inventory of available condos is also down this year.

Stuart FL 34996 Condo Market Report October 2019

Click here to view the previous Stuart FL condo market reports

 

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

Search here for condos for sale in the 34996 zip code area of Stuart FL

Stuart Florida Real Estate presented by:
Gabe Sanders – Stuart Florida Real Estate

Click here to view previous Stuart FL 34996 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 34996 Condo Market Report October 2019

Stuart FL 34996 Residential Market Report October 2019

Stuart FL 34996 Residential Market Report October 2019

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for October 2019

There are currently 118 active listings (Decreased by 7 homes from September).

Stuart FL 34996 Residential Market Report October 2019

23 Residential sales are pending and awaiting close (Up by 2 homes from September).

Stuart FL 34996 Residential Market Report October 2019

11 Homes Sold in October (Down by 6 homes from September).

Stuart FL 34996 Residential Market Report October 2019

The 34996 zip code area of the Stuart Florida residential real estate had a lower number of closed sales from last month.  The inventory of available homes for sale also continues to decrease.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for October jumped up to 10.7 months as compared to 7.4 months for last month.  Now, transitioning into a buyer’s market for this segment of the Martin County single-family real estate market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to a 7-month absorption rate.

The numbers for October 2018 were: 158 active listings, 21 pending sales, and 14 closed sales.  A greater number of sales last year.  But, this was also with a considerably greater inventory of available homes for sale.

Stuart FL 34996 Residential Market Report October 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

Search here for homes for sale in the 34996 zip code area of Stuart FL

Search here for vacant land for sale in the 34996 zip code area of Stuart FL

Stuart Florida Real Estate presented by:
Gabe Sanders – Stuart Florida Real Estate

Click here for previous Stuart FL 34996 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 FL 34996 Residential Market Report October 2019

Stuart FL 34996 Condo Market Report September 2019

Stuart FL 34996 Condo Market Report September 2019

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for September 2019

There are currently 103 active condo listings (Up by 8 condos from last month).

Stuart FL 34996 Condo Market Report September 2019

19 Condo sales are pending and awaiting close or lender approval (Down by 23 condos from August).

Stuart FL 34996 Condo Market Report September 2019

32 Condos sold in September (Up by 17 condos from August) 

Stuart FL 34996 Condo Market Report September 2019

The Stuart FL 34996 Condo Market of Stuart improved the closed sales activity from a very poor previous month.  But, pending sales took a big dip.  This may impact the volume of closed sales in the coming months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 plunged to 3.2 months from August’s 6.3 months. Bringing us back into a seller’s market for this segment of Martin County condos but not as extreme as last month.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for September 2018 were: 100 active listings, 30 pending sales, and 22 closed sales. Much better-closed sales activity this year while pending sales were much better last September.

Stuart FL 34996 Condo Market Report September 2019

Click here to view the previous Stuart FL condo market reports

 

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

Search here for condos for sale in the 34996 zip code area of Stuart FL

Stuart Florida Real Estate presented by:
Gabe Sanders – Stuart Florida Real Estate

Click here to view previous Stuart FL 34996 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 34996 Condo Market Report September 2019

Stuart FL 34996 Residential Market Report September 2019

Stuart FL 34996 Residential Market Report September 2019

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for September 2019

There are currently 125 active listings (Decreased by 5 homes from August).

Stuart FL 34996 Residential Market Report September 2019 

21 Residential sales are pending and awaiting close (Down by 4 homes from August).

Stuart FL 34996 Residential Market Report September 2019

17 Homes Sold in September (Up by 1 home from August).

Stuart FL 34996 Residential Market Report September 2019

The 34996 zip code area of the Stuart Florida residential real estate didn’t have any significant change from last month.  We had a small drop in inventory.  Also, a small drop in pending sales. While we had a small increase in closed sales.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for September dipped to 7.4 months as compared to 8.1 months for last month.  Remaining in a seller’s market for this segment of the Martin County single-family real estate market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to a 7-month absorption rate.

The numbers for September 2018 were: 151 active listings, 19 pending sales, and 13 closed sales.  Better market activity this year even though we have a smaller inventory of available condos for sale.

Stuart FL 34996 Residential 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

Search here for homes for sale in the 34996 zip code area of Stuart FL

Search here for vacant land for sale in the 34996 zip code area of Stuart FL

Stuart Florida Real Estate presented by:
Gabe Sanders – Stuart Florida Real Estate

Click here for previous Stuart FL 34996 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 FL 34996 Residential Market Report September 2019

Stuart FL 34996 Condo Market Report August 2019

Stuart FL 34996 Condo Market Report August 2019

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for August 2019

There are currently 95 active condo listings (Down by 3 condos from last month).

42 Condo sales are pending and awaiting close or lender approval (Up by 8 condos from July).

15 Condos sold in August (Down by 16 condos from July) 

The Stuart FL 34996 Condo Market of Stuart showed a sizeable drop in closed sales for August.  Pending sales remain strong though and I believe some of the weakness in the closed sales may have been due to issues with Hurricane Dorian at the end of the month.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 jumped to 6.3 months from July’s 3.2 months. Bringing us into a balanced market for this segment of Martin County condos but not as extreme as last month.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for August 2018 were: 102 active listings, 37 pending sales, and 16 closed sales.  Very similar activity to last year for condos in the 34996 zip code area of Stuart.

Click here to view the previous Stuart FL condo market reports

 

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

Search here for condos for sale in the 34996 zip code area of Stuart FL

Stuart Florida Real Estate presented by:
Gabe Sanders – Stuart Florida Real Estate

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

Stuart FL 34996 Condo Market Report August 2019