Stuart FL 34996 Condo Market Report February 2018

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

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

There are currently 141 active condo listings (Up by 1 condos from last month).

55 Condo sales are pending and awaiting close or lender approval (Increased by 3 condos from January).

29 Condos Sold in February (Up by 12 condos from January) 

The Stuart FL 34996 Condo Market of Stuart rebounded in closed sales from a weak January.  Though, the inventory continues to decline and if this trend continues there won’t be enough condos on the market to sustain strong activity.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 plunged to 4.9 months from January’s 8.2 months.  Back into 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 February 2017 were: 153 active listings, 56 pending sales and 19 closed sales.  Impressively stronger sales on a reduced volume of available condos for sale.

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Stuart FL 34996 Condo Market Report January 2018

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

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

There are currently 140 active condo listings (Up by 6 condos from last month).

52 Condo sales are pending and awaiting close or lender approval (Increased by 17 condos from December).

17 Condos Sold in January (Down by 3 condos from December) 

The Stuart FL 34996 Condo Market of Stuart had a weaker month of closed sales but also a nice jump in pending sales which should translate to better closed numbers in the coming months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 jumped up to 8.2 months from December’s 6.7 months.  Back into a 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 2017 were: 170 active listings, 31 pending sales and 22 closed sales.  Lower sales volume this year along with reduced inventory but considerable greater number of pending sales.

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Stuart FL 34996 Condo Market Report December 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2017

For December 2017 in the 34996 Zip Code area of Stuart, Florida :

There are currently 134 active condo listings (Unchanged from last month).

35 Condo sales are pending and awaiting close or lender approval (Also unchanged from November).

20 Condos Sold in December (Up by 5 condos from November) 

The Stuart FL 34996 Condo Market of Stuart continues with improved sales volume for the last month of the 2017.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 decreased to 6.7 months from November’s 8.9 months.  Drifting 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 December 2016 were: 153 active listings, 35 pending sales and 20 closed sales.  Identical sales volume as last year on a reduced number of available condos for sale (inventory).

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Stuart FL 34996 Condo Market Report November 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for November 2017

For November 2017 in the 34996 Zip Code area of Stuart, Florida :

There are currently 134 active condo listings (Increased by 4 condos from last month).

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

15 Condos Sold in November (Down by 7 condos from October) 

The Stuart FL 34996 Condo Market of Stuart continues with strong activity even though closed sales were off from last month.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 increased to 8.9 months from October’s 5.9 months.  Into a buyer’s market for this segment of Martin County condos but now very close to a buyer’s.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for November 2016 were: 153 active listings, 34 pending sales and 12 closed sales.  Better activity this year when compared to 2016.

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Stuart FL 34996 Condo Market Report October 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for October 2017

For October 2017 in the 34996 Zip Code area of Stuart, Florida :

There are currently 130 active condo listings (Increased by 18 condos from last month).

24 Condo sales are pending and awaiting close or lender approval (Decreased by 9 condos from September).

22 Condos Sold in October (Up by 1 condos from September) 

The Stuart FL 34996 Condo Market of Stuart continued with steady activity though pending sales were off which may indicate some slower sales numbers in the coming months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 increased to 5.9 months from September’s 5.3 months.  Still a seller’s market for this segment of Martin County condos but now very close to a buyer’s.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for October 2016 were: 137 active listings, 23 pending sales and 11 closed sales.  One of the few areas of martin County with better activity this year when compared to 2016.

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Stuart FL 34996 Condo Market Report September 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for September 2017

For September 2017 in the 34996 Zip Code area of Stuart, Florida :

There are currently 112 active condo listings (Increased by 5 condos from last month).

33 Condo sales are pending and awaiting close or lender approval (Decreased by 6 condos from August).

21 Condos Sold in September (Down by 7 condos from August) 

The Stuart FL 34996 Condo Market of Stuart showed somewhat less activity than last month, but still pretty active.  Some of this decreased activity may have been caused by Hurricane Irma which shut down real estate for a little over a week last month.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 increased to 5.3 months from August’s 3.8 months.  Still 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 2016 were: 132 active listings, 25 pending sales and 21 closed sales.  One of the few areas of martin County with better activity this year when compared to 2016.

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Stuart FL 34996 Condo Market Report August 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for August 2017

For August 2017 in the 34996 Zip Code area of Stuart, Florida :

There are currently 107 active condo listings (Decreased by 15 condos from last month).

39 Condo sales are pending and awaiting close or lender approval (Decreased by 4 condos from July).

28 Condos Sold in August (Up by 7 condos from July) 

The Stuart FL 34996 Condo Market of Stuart showed surprisingly stronger activity for August of 2017.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 3.8 months from July’s 5.8 months.  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 August 2016 were: 120 active listings, 33 pending sales and 16 closed sales.  Stronger activity for this year when compared to August of 2016.

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Stuart FL 34996 Condo Market Report July 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for July 2017

For July 2017 in the 34996 Zip Code area of Stuart, Florida :

There are currently 122 active condo listings (Decreased by 10 condos from last month).

43 Condo sales are pending and awaiting close or lender approval (Increased by 3 condos from June).

21 Condos Sold in July (Down by 5 condos from June) 

The Stuart FL 34996 Condo Market of Stuart had fewer sales for July when compared to last month but continues with very strong activity through the summer.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 increased to 5.8 months from June’s 5.1 months.  Remaining as a sellers market for this segment of Martin County condos, but mow almost a balanced market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for July 2016 were: 120 active listings, 33 pending sales and 16 closed sales.  Stronger activity for this year when compared to July of 2016.

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Stuart FL 34996 Condo Market Report June 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for June 2017

For June 2017 in the 34996 Zip Code area of Stuart, Florida :

There are currently 132 active condo listings (Decreased by 5 condos from last month).

40 Condo sales are pending and awaiting close or lender approval (Increased by 4 condos from May).

26 Condos Sold in June (Down by 4 condos from May) 

The Stuart FL 34996 Condo Market of Stuart had continued strong sales activity for June.  Just minor differences from last months strong activity.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 increased to 5.1 months from May’s 4.6 months.  Remaining as a sellers market for this segment of Martin County condos, but drifting towarsd a balanced market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for June 2016 were: 74 active listings, 27 pending sales and 21 closed sales.  Stronger activity for this year when compared to June of 2016.

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Stuart FL 34996 Condo Market Report May 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for May 2017

For May 2017 in the 34996 Zip Code area of Stuart, Florida :

There are currently 137 active condo listings (Decreased by 11 condos from last month).

36 Condo sales are pending and awaiting close or lender approval (Increased by 1 condos from April).

30 Condos Sold in May (Down by 10 condos from April) 

The Stuart FL 34996 Condo Market of Stuart had continued strong sales activity for May.  The inventory decreased while there was little change in pending sales as closed sales were down from last month.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 4.6 months from April’s 3.7 months.  Remaining as 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 May 2016 were: 120 active listings, 40 pending sales and 32 closed sales.  Slightly weaker activity this year when compared to last year.

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