Stuart FL 34997 Condo Market Report March 2019

Stuart FL 34997 Condo Market Report March 2019

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2019

For March 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 58 active condo listings (Down by 7 condos from February).

Stuart FL 34997 Condo Market Report March 2019

34 Condo sales are pending and awaiting close (Up by 17 condos from February).

Stuart FL 34997 Condo Market Report March 2019

15 Condos Sold in March (Up by 5 condos from February).

Stuart FL 34997 Condo Market Report March 2019

      The Stuart FL condo market for zip code 34997 came back strong for March after a few months of weaker activity.

     The absorption rate plunged to 3.9 months in March compared to 6.5 months for February.  Transitioning into a very strong seller’s market after one month as a balanced market and a previous month as a buyer’s market for condos in the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The March 2018 numbers were: 56 active listings, 23 pending sales, and 22 closed sales.  Stronger closed sales volume last year while we had better ending numbers this year.

Stuart FL 34997 Condo Market Report March 2019

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34997 Condo Market Report March 2019

Stuart FL 34997 Residential Market Report March 2019

Stuart FL 34997 Residential Market Report March 2019

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for March 2019

For March 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 339 active listings (Decreased by 22 homes from February).

Stuart FL 34997 Residential Market Report March 2019 

197 Residential sales are pending and awaiting close or lender approval (Up by 31 homes from February). 

Stuart FL 34997 Residential Market Report March 2019

89 Homes Sold in March (Increased by 12 homes from February)

Stuart FL 34997 Residential Market Report March 2019

      The Stuart Florida Residential Market for ZIP Code 34997 is once again leading Martin County segments as the most active segment for sales.  Both closed and pending sales rose and remain very strong.
     The absorption rate dipped to 3.8 months (was 4.7 months for February).  Back into a pretty extreme seller’s market for the 34997 zip code area of Stuart for March 2019.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2018 numbers for March, were: 297 active listings, 164 pending listings, and 92 closed sales.  Slightly stronger closed sales volume last year but better pending numbers for this year.
Stuart FL 34997 Residential Market Report March 2019

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

Stuart FL 34997 Residential Market Report March 2019

Stuart FL 34997 Condo Market Report February 2019

Stuart FL 34997 Condo Market Report February 2019

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2019

For February 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 65 active condo listings (Up by 5 condos from January).

Stuart FL 34997 Condo Market Report February 2019

17 Condo sales are pending and awaiting close (Down by 2 condos from January).

Stuart FL 34997 Condo Market Report February 2019

10 Condos Sold in February (Up by 5 condos from January).

Stuart FL 34997 Condo Market Report February 2019

      The Stuart FL condo market for zip code 34997 rebounded from very weak sales activity last month.  Pending sales were off slightly and the inventory continues to rise.

     The absorption rate rose to 6.5 months in February compared to 12 months for January.  Transitioning into a balanced market after an unusual month as a buyer’s market for condos in the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The February 2018 numbers were: 54 active listings, 32 pending sales, and 17 closed sales.  There was much stronger activity last year with a smaller number of condos for sale.

Stuart FL 34997 Condo Market Report February 2019

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34997 Condo Market Report February 2019

Stuart FL 34997 Residential Market Report February 2019

Stuart FL 34997 Residential Market Report February 2019

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for February 2019

For February 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 361 active listings (Increased by 13 homes from January).

Stuart FL 34997 Residential Market Report February 2019

166 Residential sales are pending and awaiting close or lender approval (Up by 8 homes from January). Stuart FL 34997 Residential Market Report February 2019

77 Homes Sold in February (Increased by 25 homes from January)

Stuart FL 34997 Residential Market Report February 2019

      The Stuart Florida Residential Market for ZIP Code 34997 regained its momentum of closed sales after a weak January.  Though, pending sales, while strong may not be enough to keep up with the increases in inventory.
     The absorption rate rose to 4.7 months (was 6.7 months for January).  Back into a seller’s market for the 34997 zip code area of Stuart for February 2019 after one month of a balanced market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2018 numbers for February, were: 307 active listings, 155 pending listings, and 65 closed sales.  A greater number of closed sales this year when compared to last year.  Pending sales were not quite as strong as last year and there is a considerably larger inventory of available homes for sale.
Stuart FL 34997 Residential Market Report February 2019

Are you interested in the value of your Stuart FL Home?
Click on this link and fill out the form for an accurate personal evaluation

Search here for 34997 Zip Code of Stuart FL real estate for sale

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

Stuart FL 34997 Residential Market Report February 2019

Stuart FL 34997 Condo Market Report January 2019

Stuart FL 34997 Condo Market Report January 2019

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2019

For January 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 60 active condo listings (Up by 11 condos from December).

Stuart FL 34997 Condo Market Report January 2019

19 Condo sales are pending and awaiting close (Up by 11 condos from December).

Stuart FL 34997 Condo Market Report January 2019

5 Condos Sold in January (Down by 14 condos from December).

Stuart FL 34997 Condo Market Report January 2019

      The Stuart FL condo market for zip code 34997 had a needed increase in inventory but sales dropped off significantly Pending sales improved which should help closed sales in the coming months.

     The absorption rate rose to 12 months in January compared to 2.6 months for December.  Transitioning into a buyer’s market for the first time in some time in the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The January 2017 numbers were: 56 active listings, 35 pending sales, and 8 closed sales.  Better activity in the 34997 zip code section of Stuart condos last year.

Stuart FL 34997 Condo Market Report January 2019

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34997 Condo Market Report January 2019

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