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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Stuart FL 34997 Residential Market Report January 2019

Stuart FL 34997 Residential Market Report January 2019

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

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

There are currently 348 active listings (Increased by 7 homes from December).

Stuart FL 34997 Residential Market Report January 2019 

158 Residential sales are pending and awaiting close or lender approval (Up by 65 homes from December).

 Stuart FL 34997 Residential Market Report January 2019

52 Homes Sold in January (Decreased by 18 homes from December)

Stuart FL 34997 Residential Market Report January 2019

      The Stuart Florida Residential Market for ZIP Code 34997 had a sizeable drop in closed sales for the first month of the year.  I think this is only temporary as we had an impressive jump in pending sales.  This should show up with increased closed sales in the next couple of months.
     The absorption rate rose to 6.7 months (was 4.9 months for December).  Now, a balanced market for the 34997 zip code area of Stuart for January 2019.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2017 numbers for January, were: 292 active listings, 144 pending listings, and 58 closed sales.  Slightly better closed sales activity last year on a reduced inventory.  There is a better number of pending sales this year.
Stuart FL 34997 Residential Market Report January 2019

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Stuart Florida Real Estate presented by:
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Stuart FL 34997 Residential Market Report January 2019

Stuart FL 34997 Condo Market Report December 2018

Stuart FL 34997 Condo Market Report December 2018

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2018

For December 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 49 active condo listings (Up by 5 condos from November).

Stuart FL 34997 Condo Market Report December 2018

8 Condo sales are pending and awaiting close (Down by 14 condos from November).

Stuart FL 34997 Condo Market Report December 2018

19 Condos Sold in December (Up by 11 condos from November).

Stuart FL 34997 Condo Market Report December 2018

      The Stuart FL condo market for zip code 34997 reaminsinventory challenged but had a good number of closed sales.  Pending sales took an unexpected drop and may affect closed sales in the coming months.

     The absorption rate rose to 2.6 months in December compared to 5.5 months for November.  Remaining in an extreme seller’s market at this time for 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 December 2017 numbers were: 57 active listings, 17 pending sales, and 19 closed sales.  The same number of closed sales when compared to last year on a reduced inventory, but a greatly reduced number of pending sales.

Stuart FL 34997 Condo Market Report December 2018

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Stuart FL 34997 Condo Market Report December 2018

 

 

Stuart FL 34997 Residential Market Report December 2018

Stuart FL 34997 Residential Market Report December 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2018

For December 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 341 active listings (Increased by 19 homes from November).

Stuart FL 34997 Residential Market Report December 2018

93 Residential sales are pending and awaiting close or lender approval (Down by 33 homes from November).

Stuart FL 34997 Residential Market Report December 2018

70 Homes Sold in December (Increased by 9 homes from November)

Stuart FL 34997 Residential Market Report December 2018

      The Stuart Florida Residential Market for ZIP Code 34997 had an increase in closed sales for December but also an unexpected large decrease in pending sales which may affect closed sales in the near future.
     The absorption rate dipped to 4.9 months (was 5.3 months for November).  Still in a seller’s market for the 34997 zip code area of Stuart for December 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2017 numbers for December, were: 275 active listings, 121 pending listings, and 81 closed sales.  Even with a greater number of available homes for sale, activity was greater last year.
Stuart FL 34997 Residential Market Report December 2018

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 December 2018

 

Stuart FL 34997 Condo Market Report November 2018

Stuart FL 34997 Condo Market Report November 2018

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2018

For November 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 44 active condo listings (Down by 5 condos from October).

Stuart FL 34997 Condo Market Report November 2018

22 Condo sales are pending and awaiting close (Up by 4 condos from October).

Stuart FL 34997 Condo Market Report November 2018

8 Condos Sold in November (Down by 8 condos from October).

Stuart FL 34997 Condo Market Report November 2018

      The Stuart FL condo market for zip code 34997 had lower inventory this month but also weaker closed sales.  Though, there was an increase in pending sales.

     The absorption rate rose to 5.5 months in November compared to 3.1 months for October.  Drifting closer to a balanced market for 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 November 2017 numbers were: 49 active listings, 30 pending sales, and 10 closed sales.  Better activity last year.

Stuart FL 34997 Condo Market Report November 2018

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Stuart FL 34997 Condo Market Report November 2018