Stuart FL 34996 Condo Market Report January 2019

Stuart FL 34996 Condo Market Report January 2019

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

For January 2019 in the 34996 Zip Code area of Stuart, Florida :

There are currently 122 active condo listings (Down by 2 condos from last month).

Stuart FL 34996 Condo Market Report January 2019

38 Condo sales are pending and awaiting close or lender approval (Up by 12 condos from December).

Stuart FL 34996 Condo Market Report January 2019

17 Condos Sold in January (Down by 10 condos from December) 

Stuart FL 34996 Condo Market Report January 2019

The Stuart FL 34996 Condo Market of Stuart is one of the few areas in Martin County with lower inventory as compared to last year.  Closed sales were unchanged and pending sales increased for January.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dipped to 7.2 months from December’s 4.6 months. Transitioning back into a slight buyer’s market for this segment of Martin County condos.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for January 2018 were: 140 active listings, 52 pending sales, and 17 closed sales.  Identical closed sales with slightly less pending sales this year on lower inventory.  This condo market is bucking the trend from the rest of Martin County.

Stuart FL 34996 Condo Market Report January 2019

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Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report January 2019

Stuart FL 34996 Residential Market Report January 2019

Stuart FL 34996 Residential Market Report January 2019

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

For January 2019 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 174 active listings (Increased by 7 homes from October).

Stuart FL 34996 Residential Market Report January 2019

43 Residential sales are pending and awaiting close (Up by 20 homes from October).

Stuart FL 34996 Residential Market Report January 2019

10 Homes Sold in January (Down by 5 homes from October).

Stuart FL 34996 Residential Market Report January 2019

The 34996 zip code area of the Stuart Florida had an increase in both inventory and pending sales but closed sales were lower than last month.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for January rose to 17.4 months as compared to October’s 11.1 months.  Now a stronger buyer’s market for the 34996 zip code area of Stuart FL.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for January 2018 were: 146 active listings, 37 pending sales, and 15 closed sales.  Better activity last year, especially when factoring in the greater inventory this year.

Stuart FL 34996 Residential Market Report January 2019

Are you interested in the value of your Stuart FL Condo?
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 Search here for real estate in the 34996 Zip Code of Stuart FL

Stuart Florida Real Estate presented by:

Gabe Sanders – Stuart Florida Real Estate

Stuart FL 34996 Residential Market Report January 2019

Stuart FL 34996 Condo Market Report December 2018

Stuart FL 34996 Condo Market Report December 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2018

For December 2018 in the 34996 Zip Code area of Stuart, Florida :

There are currently 124 active condo listings (Up by 5 condos from last month).

Stuart FL 34996 Condo Market Report December 2018

26 Condo sales are pending and awaiting close or lender approval (Down by 7 condos from November).

Stuart FL 34996 Condo Market Report December 2018

27 Condos Sold in December (Up by 3 condos from November) 

Stuart FL 34996 Condo Market Report December 2018

The Stuart FL 34996 Condo Market of Stuart showed an increase in sales but a decrease in pending sales from last month.  Though, the activity remains quite strong.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dipped to 4.6  months from November’s 5.0 months. Transitioning back into a seller’s market for this segment of Martin County condos.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for December 2017 were: 134 active listings, 35 pending sales, and 20 closed sales.  Better closed sales activity this year but better pending sales last year.  One of the few areas with a lower inventory this year.  I expect this to change in the coming months.

Stuart FL 34996 Condo Market Report December 2018

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 Stuart FL Condos Here

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report December 2018

Stuart FL 34996 Residential Market Report December 2018

Stuart FL 34996 Residential Market Report December 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2018

For December 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 167 active listings (Decreased by 2 homes from October).

Stuart FL 34996 Residential Market Report December 2018

23 Residential sales are pending and awaiting close (Up by 6 homes from October).

Stuart FL 34996 Residential Market Report December 2018

15 Homes Sold in December (Up by 2 homes from October).

Stuart FL 34996 Residential Market Report December 2018

The 34996 zip code area of the Stuart Florida improved from last month.  Though this segment has been in a buyer’s market now for a few months.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for December dropped to 11.1 months as compared to October’s 13.0 months.  Remaining in a buyer’s market for the 34996 zip code area of Stuart FL.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for December 2017 were: 141 active listings, 37 pending sales, and 14 closed sales.  Marginally better sales volume and fewer pending sales this year with a higher inventory.

Stuart FL 34996 Residential Market Report December 2018

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 real estate in the 34996 Zip Code of Stuart FL

Stuart Florida Real Estate presented by:

Gabe Sanders – Stuart Florida Real Estate

Stuart FL 34996 Residential Market Report December 2018

Stuart FL 34996 Condo Market Report November 2018

Stuart FL 34996 Condo Market Report November 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for November 2018

For November 2018 in the 34996 Zip Code area of Stuart, Florida :

There are currently 119 active condo listings (Down by 8 condos from last month).

Stuart FL 34996 Condo Market Report November 2018

33 Condo sales are pending and awaiting close or lender approval (Up by 11 condos from October).

Stuart FL 34996 Condo Market Report November 2018

24 Condos Sold in November (Up by 5 condos from October) 

Stuart FL 34996 Condo Market Report November 2018

The Stuart FL 34996 Condo Market of Stuart is bucling the trend for the rest of Martin County with increasing sales and pending sales as well as a decrease in inventory.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 5.0 months from October’s 6.7 months. Transitioning back into a seller’s market for this segment of Martin County condos.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for November 2017 were: 134 active listings, 35 pending sales, and 15 closed sales.  Better closed sales activity this year.

Stuart FL 34996 Condo Market Report November 2018

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 Stuart FL Condos Here

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report November 2018