Stuart Florida Market Report ZIP Code 34996 – Condo, April 2012

05.16.12 by

Stuart Florida Market Report ZIP Code 34996 – Condo, April 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for April 2012

For April 2012 in the 34996 Zip Code area of Stuart, Florida :

There are currently 191 active condo listings (Down 8 from last month).

52 Condo sales are pending and awaiting close or lender approval (A decrease of 6 condos from March).

26 Condos Sold in April (An increase of 3 condos from March)

The inventory continues to decline in the Stuart condo market for the area in ZIP code 34996. Sales activity increased slightly with 3 more sales as compared March and pending sales were down slightly, but still high. Very strong signs for this segment of the market. There was a fairly good mix of both Island units as well as some of the lesser priced 55+ community condos on the mainland selling last month.

Compared to last year in April of 2011, the numbers were 222 active listings, 35 pending sales and 15 closed sales.  Much better numbers this year, especially since the inventory is considerably less.  If this trend continues, it will not be long before we start seeing some gradual price increases in the 34996 Condo market in Stuart, Florida.

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Stuart Florida Market Report ZIP Code 34996 – Condo, April 2012

Stuart Florida Market Report ZIP Code 34996 – Residential, April 2012

05.15.12 by

Stuart Florida Market Report ZIP Code 34996 – Residential, April 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for April 2012

For April 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 165 active listings (Unchanged from March).

47 Residential sales are pending and awaiting close or lender approval (Up 11 from March).

8 Homes Sold in April (Down 14 from March).

The 34996 zip code area of Stuart Florida showed weak sales activity in April as compared to March. Pending sales, however, were up sharply and should reflect an increased number of closed sales in the near future while the inventory remained unchanged in a continued positive trend for this section of the residential single family market in Stuart, Florida.

Comparing the numbers to April of 2011, there were 189 active listings, 27 pending sales and 11 closed sales. This April’s activity is considerably better than last year with the exception of a drop in closed sales.  There appears to be a good future trend for the 34996 section of the Stuart, Florida real estate market.

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Stuart Florida Market Report ZIP Code 34996 – Residential, April 2012

Stuart Florida Market Report ZIP Code 34996 – Condo, March 2012

04.15.12 by

Stuart Florida Market Report ZIP Code 34996 – Condo, March 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for March 2012

For March 2012 in the 34996 Zip Code area of Stuart, Florida :

There are currently 199 active condo listings (Down 8 from last month).

58 Condo sales are pending and awaiting close or lender approval (An increase of 15 condos from February).

23 Condos Sold in March (An increase of 13 condos from February)

The inventory continues to decline in the Stuart condo market for the area in ZIP code 34996.  Sales activity remained steady with only 2 less sales compared to February and pending sales took a nice jump by 18 units.  These are very strong signs for this segment of the market.  There was a fairly good mix of both Island units as well as some of the lesser-priced senior condos on the mainland selling last month.

Compared to the end of last year in March of 2011, the numbers were 242 active listings, 34 pending sales, and 36 closed sales.  While closed sales were off from last year, the mix of sales shows a higher number of more expensive Island Condos as well as the fact that there are approximately 20% fewer units actively for sale at this time.

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Stuart Florida Market Report ZIP Code 34996 – Condo, March 2012

Stuart Florida Market Report ZIP Code 34996 – Residential, March 2012

04.14.12 by

Stuart Florida Market Report ZIP Code 34996 – Residential, March 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for March 2012

For March 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 165 active listings (Down 18 from February).

36 Residential sales are pending and awaiting close or lender approval (Up 1 from February).

22 Homes Sold in March (Up 14 from February).

The 34996 zip code area of Stuart Florida showed very strong sales activity in March.  Pending sales also remained steady and the inventory declined further in a continued positive trend for this section of the residential single family market in Stuart, Florida.  The current absorption rate is under 8 months and is only a small number away from a balanced market.  When factoring in the distressed sales, this is an impressive result for March.

Comparing the numbers to March of 2011, there were 201 active listings, 31 pending sales and 8 closed sales.  This March’s activity is considerably better than last year, especially when one considers that there were almost 25% fewer homes available for sale on the market.  Impressive results!

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Stuart Florida Market Report ZIP Code 34996 – Residential, March 2012

Stuart Florida Market Report ZIP Code 34996 – Condo, February 2012

03.14.12 by

Stuart Florida Market Report ZIP Code 34996 – Condo, February 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for February 2012

For February 2012 in the 34996 Zip Code area of Stuart, Florida :

There are currently 207 active condo listings (Down 18 from last month).

43 Condo sales are pending and awaiting close or lender approval (An increase of 11 condos from January).

25 Condos Sold in February (An increase of 13 condos from January)

The inventory declined fairly sharply in the Stuart condo market for the area in ZIP code 34996.  Sales activity doubled from January and pending sales increased as well.  Very strong signs for this area of the market.  There was a fairly good mix of both Island units and some of the lesser-priced senior condos on the mainland selling last month.

Compared to the end of last year in February of 2011, the numbers were 263 active listings, 46 pending sales and 26 closed sales. Other than a lower inventory of available condos, the numbers are similar to February 2011.

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Stuart Florida Market Report ZIP Code 34996 – Condo, February 2012

Stuart Florida Market Report ZIP Code 34996 – Residential, February 2012

03.13.12 by

Stuart Florida Market Report ZIP Code 34996 – Residential, February 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for February 2012

For February 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 183 active listings (Down 7 from January).

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

8 Homes Sold in February (Up 2 from January).

The 34996 zip code area of Stuart Florida and the majority of Treasure Coast areas had a strong February market with all tracked categories moving in the right direction.

Comparing the numbers to February of 2011, there were 206 active listings, 30 pending sales and 7 closed sales.  With the inventory continuing to decline, sales levels and pending sales levels remain at or above last year’s levels.  Those properties that are attractive and priced well continue to sell, and often quite fast.

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Stuart Florida Market Report ZIP Code 34996 – Residential, February 2012

Stuart Florida Market Report ZIP Code 34996 – Residential, January 2012

02.16.12 by

Stuart Florida Market Report ZIP Code 34996 – Residential, January 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for January 2012

For January 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 190 active listings (Up 11 from December).

28 Residential sales are pending and awaiting close or lender approval (Up 4 from December).

6 Homes Sold in January (Down 4 from December).

The 34996 zip code area of Stuart Florida had a slow January with all results, except for pending sales, moving in the wrong direction.  We are seeing increased activity in the area; hopefully, this will translate into better numbers for February.

Comparing the numbers to January of 2011, there were 205 active listings, 31 pending sales, and 9 closed sales.  Other than a slightly lower inventory of homes, the numbers for this January are off from last year.  We were expecting better results and frankly, we are not sure why we have these disappointing numbers this year.  It has been a very mild winter up north so far this year, which might be why some may postpone their buying trips until later.   Check back next month to see how we fare in February.

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Stuart Florida Market Report ZIP Code 34996 – Residential, January 2012

Stuart Florida Market Report ZIP Code 34996 – Residential, December 2011

01.11.12 by

Stuart Florida Market Report ZIP Code 34996 – Residential, December 2011

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2011

For December 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 179 active listings (Up 6 from November).

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

10 Homes Sold in December (Down 4 from November).

The 34996 zip code area 0f Stuart Florida had a slow December with all results moving in the wrong direction.  Hopefully, this is a short-term reflection of a  slowdown in activity during the holiday season.

Comparing the numbers to December of 2010, there were  192 active listings, 32 pending sales and 5 closed sales.  The sales rate is higher, but less pending sales and less inventory.  If this trend continues, with less supply and greater demand, I expect prices to become more stabilized as long as there are no large numbers of distressed homes coming on the market which tend to be priced below market value and depreciate the market in general.

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Stuart Florida Market Report ZIP Code 34996 – Residential, December 2011

Stuart Florida Market Report ZIP Code 34996 – Residential, November 2011

12.13.11 by

Stuart Florida Market Report ZIP Code 34996 – Residential, November 2011

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for November 2011

For November 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 173 active listings (Up 12 from October).

28 Residential sales are pending and awaiting close or lender approval (Down 7 from October).

14 Homes Sold in November (Up 9 from October).

The 34996 zip code area pf Stuart Florida had a much better November compared to October up to 14 homes from a low of 5 in October.   Inventory also rose by 12 homes and pending sales were off, possibly reflecting a slowdown of activity during the holiday season.  Buyer traffic is remaining strong as many realize that it is an excellent market for home affordability on Florida’s Treasure Coast.

The numbers for November of 2010 were 210 active listings, 29 pending sales and 5 closed sales.  Sales have almost tripled with less inventory available.  An excellent sign for market recovery which we believe is well underway.  Depending on the status of distressed homes (short sales and bank-owned properties), we wouldn’t be surprised to see prices start to inch up in the near future.

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Stuart Florida Market Report ZIP Code 34996 – Residential, November 2011

Stuart Florida Market Report ZIP Code 34996 – Residential, October 2011

11.23.11 by

Stuart Florida Market Report ZIP Code 34996 – Residential, October 2011

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for October 2011

For October 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 161 active listings (Down 16 from September).

35 Residential sales are pending and awaiting close or lender approval (Up 12 from September).

5 Homes Sold in October (Down 7 from September).

Bucking the trend for the rest of Stuart, the 34996 zip code area had fairly positive results for October 2011, with an increase in pending sales and a decrease in inventory. The only negative was a decrease in closed sales in October.  With lower inventory levels and increased pending sales, we should see some pressure on prices to remain stable for the next few months, provided we don’t have any increase in distressed sales (short sales and foreclosures).

We are rapidly approaching the holiday season.  Normally activity does slow down during this period.

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Stuart Florida Market Report ZIP Code 34996 – Residential, October 2011

Stuart Florida Market Report ZIP Code 34996 – Condo, September 2011

10.25.11 by

Stuart Florida Market Report ZIP Code 34996 – Condo, September 2011

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for September 2011

For September 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 188 active condo listings (down 4 from last month).

27 Condo sales are pending and awaiting close or lender approval (A decrease of 2 from August).

18 Condos Sold in September (An increase of 6 condos from August)

The Stuart condo market for the area in ZIP code 34996 showed a continued decrease in inventory which is a positive sign.  A fairly strong increase of 6 sales as well as a small increase in pending sales. 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!

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Stuart Florida Market Report ZIP Code 34996 – Condo, September 2011

Stuart Florida Market Report ZIP Code 34996 – Residential, September 2011

10.17.11 by

Stuart Florida Market Report ZIP Code 34996 – Residential, September 2011

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for September 2011

For September 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 177 active listings (Up 17 from August).

23 Residential sales are pending and awaiting close or lender approval (down 5 from August).

12 Homes Sold in September (up 3 from August).

Other than a small rise in sales of 3 homes from August, the 34996 ZIP Code area of Stuart Florida showed an increase in inventory as well as a decrease in pending sales.  How much of this is seasonal as opposed to a reflection of the economy remains to be determined. This increase in inventory may also be attributable to many sellers trying to time the market as well as a reaction from recent relatively good sales for the past spring and summer seasons.  Most efforts to time the market, especially when made in relatively large numbers become self-defeating as in this trying market, this increase in inventory may just drive the market a bit lower. However, for buyers, especially those who can obtain financing, there hasn’t been a more attractive real estate market in decades.  There are some savvy buyers getting excellent deals for homes at prices equivalent to 10 or 11 years ago.This will be an interesting season to watch!

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Stuart Florida Market Report ZIP Code 34996 – Residential, September 2011

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for August 2011

09.25.11 by

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for August 2011

For August 2011 in the 34996 Zip Code area of Stuart, Florida :
(Due to technical difficulties the July Market Snapshot data was unavailable)

There are currently 192 active condo listings (down 15 from last June).

29 Condo sales are pending and awaiting close or lender approval (An increase of 8 from June).

12 Condos Sold in August (Down 18 units from June)

The condo market for zip code 34996 in Stuart saw a marked decrease in closed units for August.  This is expected 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.  The good news is that the inventory has continued to decline, which makes the selection of condos more restricted and typically influences increased demand.  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 34996, Condo Sales for August 2011

Stuart Florida Real Estate presented by:
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Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for August 2011

09.14.11 by

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for August 2011

For August 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 160 active listings (down 7 from June).

28 Residential sales are pending and awaiting close or lender approval (down 5 from June).

9 Homes Sold in August(up 3 from June and down from a solid 17 sales in July).

After a solid 17 sales in July, only 9 homes closed in August for the 34996 zip code area of Stuart Florida.  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.

On the brighter side, the inventory continues to decrease.  Not a great amount of foreclosure sales of any significance have come on the market. Short sales continue to be numerous but for the most part, the lenders are cooperating much more aggressively and they seem to be closing quicker and with greater frequency.

With any uptick in the economic news, there should be a pretty good run on residential real estate as there is some pent-up demand with homes being at historically affordable levels.  If this demand is not met with increasing inventory levels, prices should remain steady and could conceivably rise a little for the most attractive properties.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for August 2011

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for June 2011

07.15.11 by

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for June 2011

For June 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 203 active condo listings (down 8 from last month).

21 Condo sales are pending and awaiting close or lender approval (down 17 from May).

30 Condos Sold in June (Up 8 units from last month)

The condo market for zip code 34996 in Stuart saw an increase in closed sales while pending sales showed a marked decline.  Not unusual as the summer season tends to be slow for condo sales, which are mostly seasonal homes for our residents from the north.  Inventory continues to decrease, which is a good sign.  Once the supply becomes more in balance with the demand, prices will stop declining and will once again begin to rise.  Interestingly enough, quite a few higher-end condos were sold last month.

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for June 2011

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

Stuart Florida Market Report ZIP Code 34996 – Residential, June 2011

07.14.11 by

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for June 2011

For June 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 167 active listings (down 13 from last month).

33 Residential sales are pending and awaiting close or lender approval (up 2 from May).

6 Homes Sold in May (down 2 from May).

For the second month in a row, sales of existing single-family homes dropped slightly in the 34996 zip code area of Stuart Florida.  Other market statistics are a bit more hopeful as the inventory is down again and pending sales also had a rise.  Considering the poor economic news during the month of June, this is not a bad result.  The market is ready for a turnaround when the economy can start its recovery.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for June 2011

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for May 2011

06.14.11 by

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for May 2011

For May 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 211 active condo listings (down 31 from last month).

38 Condo sales are pending and awaiting close or lender approval (up 4 from April).

22 Condos Sold in May (down 14 units from last month)

Sales were off for may in the Stuart 34996 zip code for condos. However, pending sales remain very positive and the inventory continues to decline.

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for May 2011

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Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for May 2011

06.13.11 by

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for May 2011

For May 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 183 active listings (down 6 from last month).

31 Residential sales are pending and awaiting close or lender approval (up 4 from April).

8 Homes Sold in April (down 3 from April).

Sales were off slightly for the residential Stuart Florida real estate market activity for zip code 34996. The good news is that the inventory continues to decline and the pending sales also remained strong.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for May 2011

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for April 2011

05.15.11 by

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for April 2011

For April 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 222 active condo listings (down 20 from last month).

35 Condo sales are pending and awaiting close or lender approval (up 1 from March).

15 Condos Sold in March (down 21 units from last month)

Condo sales in the Stuart 34996 zip code were down a significant amount from March, but pending sales remain strong as well as a continuing decline in inventory.  Typically, as we approach the off-season, we can expect slower activity in the condo market for the Stuart, Florida area.

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for April 2011

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Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for April 2011

05.14.11 by

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for April 2011

For April 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 189 active listings (down 12 from last month).

27 Residential sales are pending and awaiting close or lender approval (down 4 from March).

11 Homes Sold in March (up 3 from March).

Continued improvement for the residential Stuart Florida real estate market activity for zip code 34996.  Inventory continues to decline, closed sales were up and only a small decline in pending activity.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for April 2011

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Our market reports are here!

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