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).

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

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

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.

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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).

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

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

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.

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Stuart FL 34996 Condo Market Report October 2018

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

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

There are currently 127 active condo listings (Up by 27 condos from last month).

22 Condo sales are pending and awaiting close or lender approval (Down by 8 condos from September).

19 Condos Sold in October (Down by 3 condos from September) 

The Stuart FL 34996 Condo Market of Stuart showed a good increase in inventory of available condos for sale.  Unfortunately. both pending and closed sales were down for October.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 6.7 months from September’s 4.5 months. Transitioning back into a balanced 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 October 2017 were: 130 active listings, 24 pending sales, and 22 closed sales.  Slightly better activity last year.

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Stuart FL 34996 Condo Market Report September 2018

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

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

There are currently 100 active condo listings (Down by 2 condos from last month).

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

22 Condos Sold in September (Up by 6 condos from August) 

The Stuart FL 34996 Condo Market of Stuart rebounded from a slow August.  Closed sales were up.  Unfortunately, pending sales were off.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 4.5 months from August’s 6.4 months. Back, once again, 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 September 2017 were: 112 active listings, 33 pending sales, and 21 closed sales.  Quiesimilar activity when compared to last year.

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Stuart FL 34996 Condo Market Report August 2018

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

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

There are currently 102 active condo listings (Down by 4 condos from last month).

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

16 Condos Sold in August (Down by 10 condos from July) 

The Stuart FL 34996 Condo Market of Stuart weakened somewhat for August.  Sales were down significantly.  There was an increase in pending sales which will hopefully mean an increase in closed sales in the near future.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 6.4 months from July’s 4.1 months.  Into a balanced 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 August 2017 were: 107 active listings, 39 pending sales, and 28 closed sales.  Considerably stronger activity last year when compared to this August.

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Stuart FL 34996 Condo Market Report July 2018

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

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

There are currently 106 active condo listings (Unchanged from last month).

25 Condo sales are pending and awaiting close or lender approval (Down by 13 condos from June).

26 Condos Sold in July (Down by 3 condos from June) 

The Stuart FL 34996 Condo Market of Stuart remains a very active market.  Sales and pending sales were off from last month and no help with any increase in inventory.  Hopefully, this is just a seasonal slow down which is typical for condos in our area.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 4.1 months from June’s 3.7 months.  Still in a strong sellers’ 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 July 2017 were: 122 active listings, 43 pending sales, and 21 closed sales.  Better closed activity this year but much greater pending activity last year.

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Stuart FL 34996 Condo Market Report June 2018

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

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

There are currently 106 active condo listings (Down by 12 condos from last month).

38 Condo sales are pending and awaiting close or lender approval (Down by 8 condos from May).

29 Condos Sold in June (Down by 11 condos from May) 

The Stuart FL 34996 Condo Market of Stuart remains a very active market.  Sales and pending sales were off from last month and the inventory continues to decline.  Hopefully, this is just a seasonal slow down which is typical for condos in our area.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 3.7 months from May’s 3.0 months.  Still in a strong sellers’ 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 June 2017 were: 132 active listings, 40 pending sales, and 26 closed sales.  Very similar activity as compared to last year with a significantly lower number of available condos for sale (inventory).

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Stuart FL 34996 Condo Market Report May 2018

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

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

There are currently 118 active condo listings (Down by 7 condos from last month).

46 Condo sales are pending and awaiting close or lender approval (Down by 13 condos from April).

40 Condos Sold in May (Up by 1 condos from April) 

The Stuart FL 34996 Condo Market of Stuart continues with strong sales and pending activity.  Pending numbers were off from last month which is not unexpected as we dip into lower inventory levels.  This should effect future sales volume for the coming months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 3.0 months from April’s 3.2 months.  Still in a very strong sellers’ 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 May 2017 were: 137 active listings, 36 pending sales, and 30 closed sales.  There is better pending and sales activity this year with a significantly lower inventory of available condos for sale.  Very impressive results this month.

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Stuart FL 34996 Condo Market Report April 2018

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

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

There are currently 125 active condo listings (Down by 14 condos from last month).

59 Condo sales are pending and awaiting close or lender approval (Up by 4 condos from March).

39 Condos Sold in April (Up by 10 condos from March) 

The Stuart FL 34996 Condo Market of Stuart had a very strong April with increases in closed and pending sales.  Unfortunately, the inventory dropped.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 3.2 months from March’s 4.8 months.  Moving to a stronger sellers’ 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 April 2017 were: 148 active listings, 35 pending sales, and 40 closed sales.  Better activity last year on a slightly higher inventory.

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Stuart FL 34996 Condo Market Report March 2018

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

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

There are currently 139 active condo listings (Down by 2 condos from last month).

55 Condo sales are pending and awaiting close or lender approval (Unchanged from February).

29 Condos Sold in March (Unchanged from February) 

The Stuart FL 34996 Condo Market of Stuart showed almost no change in activity from last month.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 inched down to 4.8 months from February’s 4.9 months.  Remaining in a sellers’ 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 March 2017 were: 148 active listings, 58 pending sales and 36 closed sales.  Better activity last year on a slightly higher inventory.

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