Stuart FL 34997 Condo Market Report August 2015

09.18.15 by

Stuart FL 34997 Condo Market Report August 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2015

 

For August 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 46 active condo listings (Up by 8 condos from July).

Stuart FL 34997 Condo Market Report August 2015

18 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from July).

Stuart FL 34997 Condo Market Report August 2015

6 Condos Sold in August (Decreased by 4 condos from July).

Stuart FL 34997 Condo Market Report August 2015

The Stuart FL condo market for zip code 34997 slowed for the second month n a row.  While not totally unexpected as we head into the off season for condo sales, this was a fairly large decrease, especially when compared to the other zip codes we track for the Stuart condo market.
The one month absorption rate increased to 7.7 months from 3.8 months for July.  Big decrease into a buyers’ market.  Though I feel this will only be a temporary one.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The August 2014 numbers were: 55 active listings, 27 pending sales and 14 closed sales.   Better activity in 2014 for the 34997 zip code of Stuart for condo sales.

Stuart FL 34997 Condo Market Report August 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2015

 

 

Stuart FL 34997 Residential Market Report August 2015

09.17.15 by

Stuart FL 34997 Residential Market Report August 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for August 2015

 

There are currently 247 active listings (Increased by 15 homes from July).

Stuart FL 34997 Residential Market Report August 2015

174 Residential sales are pending and awaiting close or lender approval (Decreased by 16 homes from July).

Stuart FL 34997 Residential Market Report August 2015

79 Homes Sold in August (Decreased by 4 homes from July)

Stuart FL 34997 Residential Market Report August 2015

      The Stuart Florida Residential Market for ZIP Code 34997 remains one of the strongest local markets.  The good news is that the inventory actually rose this month after many, many months of declines.  Activity did slow some, but this is still a super hot segment and still a sellers market.
     The current one month absorption rate increased to 3.1  months (was 2.8 months for July).  Remaining in a very strong seller’s market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for August, were: 351 active listings, 171 pending listings and 95 closed sales.  With the reduced inventory of this year, we are starting to fall behind as compared to last year’s inventory.
Stuart FL 34997 Residential Market Report August 2015

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Stuart FL 34997 Residential Market Report August 2015

 

Stuart FL 34997 Condo Market Report July 2015

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Stuart FL 34997 Condo Market Report July 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2015

 

For July 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 38 active condo listings (Up by 3 condos from June).

Stuart FL 34997 Condo Market Report July 2015

12 Condo sales are pending and awaiting close or lender approval (Decreased by 7 condos from June).

Stuart FL 34997 Condo Market Report July 2015

10 Condos Sold in July (Decreased by 7 condos from June).

Stuart FL 34997 Condo Market Report July 2015

The Stuart FL condo market for zip code 34997 showed reduced closed and pending sales.  This was expected as we head into the slower summer months and also with such a low amount of available condos currently for sale.
The one month absorption rate increased to 3.8 months from 2 months for June.  Continuing as a strong seller’s market for now, though as we get into summer I expect this extreme market to ease up a bit.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The July 2014 numbers were: 61 active listings, 28 pending sales and 21 closed sales.   Our sales numbers are down compared to last year, but our inventory is only a little half of what it was last year as well.

Stuart FL 34997 Condo Market Report July 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2015

 

 

Stuart FL 34997 Residential Market Report July 2015

08.15.15 by

Stuart FL 34997 Residential Market Report July 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for July 2015

 

There are currently 232 active listings (Decreased by 25 homes from June).

Stuart FL 34997 Residential Market Report July 2015

190 Residential sales are pending and awaiting close or lender approval (Decreased by 10 homes from June).

Stuart FL 34997 Residential Market Report July 2015

83 Homes Sold in July (Decreased by 30 homes from June)

Stuart FL 34997 Residential Market Report July 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues as the best performing segment of the Stuart residential market.  Both closed and pending sales are doing well, though as the inventory shrinks, the sales volume can’t keep up with the torrid pace set from last month.
     The current one month absorption rate increased to 2.8  months (was 2.3 months for June).  Remaining in a very strong seller’s market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for July, were: 362 active listings, 189 pending listings and 78 closed sales.  Even with an inventory that is over 33% less than last year, closed and pending sales are still better for 2015.  Our strongest local market.
Stuart FL 34997 Residential Market Report July 2015

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Stuart FL 34997 Residential Market Report July 2015

 

Stuart FL 34997 Condo Market Report June 2015

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Stuart FL 34997 Condo Market Report June 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2015

 

For June 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 35 active condo listings (Down by 10 condos from May).

Stuart FL 34997 Condo Market Report June 2015

19 Condo sales are pending and awaiting close or lender approval (Decreased by 2 condos from May).

Stuart FL 34997 Condo Market Report June 2015

17 Condos Sold in June (Decreased by 5 condos from May).

Stuart FL 34997 Condo Market Report June 2015

The Stuart FL condo market for zip code 34997 continues to outperform the rest of the County in the condo market.  Though the inventory has dropped very significantly and this is reflecting on lower sales and pending sales volume.
The one month absorption rate remains the same as last month at 2 months.  Continuing as an extreme seller’s market for now, though as we get into summer I expect this extreme market to ease up a bit.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The June 2014 numbers were: 67 active listings, 28 pending sales and 15 closed sales.   The most dramatic statistic is that our current inventory of condos in the 34997 section of Stuart is just about 50% less than last year.

Stuart FL 34997 Condo Market Report June 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2015

 

 

Stuart FL 34997 Residential Market Report June 2015

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Stuart FL 34997 Residential Market Report June 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for June 2015

 

There are currently 257 active listings (Decreased by 22 homes from May).

Stuart FL 34997 Residential Market Report June 2015

200 Residential sales are pending and awaiting close or lender approval (Decreased by 25 homes from May).

Stuart FL 34997 Residential Market Report June 2015

113 Homes Sold in June (Increased by 22 homes from May)

Stuart FL 34997 Residential Market Report June 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market.  Our inventory took another major drop as sales are going faster than homeowners are willing to list on the market.  Closed sales remain very strong, but the reduced inventory will soon result in a lower volume of closed sales as evidenced by the drop in pending sales.
     The current one month absorption rate dropped to 2.3  months (was 3.1 months for May).  Moving to even a stronger seller’s market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for June, were: 381 active listings, 185 pending listings and 80 closed sales.  Very strong activity this year even with a dramatic drop in inventory.
Stuart FL 34997 Residential Market Report June 2015

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Stuart FL 34997 Residential Market Report June 2015

 

Stuart FL 34997 Condo Market Report May 2015

06.16.15 by

Stuart FL 34997 Condo Market Report May 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2015

 

For May 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 45 active condo listings (Up by two condos from April).

Stuart FL 34997 Condo Market Report May 2015

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

Stuart FL 34997 Condo Market Report May 2015

22 Condos Sold in May (Increased by 4 condos from April).

Stuart FL 34997 Condo Market Report May 2015

The Stuart FL condo market for zip code 34997 continues to outperform the rest of the County in the condo market.  Though, inventory is becoming a huge issue.
The one month absorption rate is now a very striking 2 months after last months amazing 2.4 month rate.  Continuing as an extreme seller’s market for now, though as we get into summer I expect this extreme market to ease up a bit.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The May 2014 numbers were: 74 active listings, 32 pending sales and 28 closed sales.   Better volume last year, but there was almost double the amount of inventory.

Stuart FL 34997 Condo Market Report May 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2015

 

 

Stuart FL 34997 Residential Market Report May 2015

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Stuart FL 34997 Residential Market Report May 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for May 2015

 

There are currently 279 active listings (Decreased by 36 homes from April).

Stuart FL 34997 Residential Market Report May 2015

225 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from April).

Stuart FL 34997 Residential Market Report May 2015

91 Homes Sold in May (Decreased by 7 homes from April)

Stuart FL 34997 Residential Market Report May 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market.  Our inventory took another major drop as sales are going faster than homeowners are willing to list on the market.  Both pending sales and closed sales remain very strong, but the reduced inventory may be a sign of some weaker future volume.
     The current one month absorption rate decreased slightly to 3.1  months (was 3.2 months for April).  Moving to even a stronger seller’s market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for May, were: 413 active listings, 164 pending listings and 107 closed sales.  Considerably better pending activity this year, but the reduced inventory is very troubling.
Stuart FL 34997 Residential Market Report May 2015

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Stuart FL 34997 Residential Market Report May 2015

 

Stuart FL 34997 Condo Market Report April 2015

05.19.15 by

Stuart FL 34997 Condo Market Report April 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2015

 

For April 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 43 active condo listings (Unchanged from March).

1 active

30 Condo sales are pending and awaiting close or lender approval (Decreased by 1 condos from March).

2 pending

18 Condos Sold in April (Increased by 3 condos from March).

Stuart FL 34997 Condo Market Report April 2015

The Stuart FL condo market for zip code 34997 continues to be red hot.   The biggest issue is that we are down to a very small inventory of available condos.  Those that do come on the market sell quickly as you can see from the absorption rate below.
The one month absorption rate is now a very striking 2.4 months after last months amazing 2.9 month rate.  Continuing as an extreme seller’s market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The April 2014 numbers were: 83 active listings, 39 pending sales and 25 closed sales.   We are down to approximately half of last year’s inventory, yet pending and closed sales remain quite strong.

Stuart FL 34997 Condo Market Report April 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2015

 

 

Stuart FL 34997 Residential Market Report April 2015

05.18.15 by

Stuart FL 34997 Residential Market Report April 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for April 2015

 

There are currently 315 active listings (Decreased by 46 homes from March).

Stuart FL 34997 Residential Market Report April 2015

223 Residential sales are pending and awaiting close or lender approval (Increased by 12 homes from March).

Stuart FL 34997 Residential Market Report April 2015

98 Homes Sold in April (Increased by 11 homes from March)

Stuart FL 34997 Residential Market Report April 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market.  Our inventory took a major drop as sales are going faster than homeowners are willing to list on the market.  Both pending sales and closed sales were up and well priced new listings are going off the market very quickly.
     The current one month absorption rate increased to 3.2  months (was 4 months for March).  Moving to even a stronger seller’s market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for April, were: 404 active listings, 190 pending listings and 61 closed sales.  Much stronger activity for 2015, even with a considerably reduced inventory.
Stuart FL 34997 Residential Market Report April 2015

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Stuart FL 34997 Residential Market Report April 2015

 

Stuart FL 34997 Condo Market Report March 2015

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Stuart FL 34997 Condo Market Report March 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

For March 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 43 active condo listings (Down by 1 condo from February).

Stuart FL 34997 Condo Market Report March 2015

31 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from February).

Stuart FL 34997 Condo Market Report March 2015

15 Condos Sold in March (Increased by 2 condos from February).

Stuart FL 34997 Condo Market Report March 2015

The Stuart FL condo market for zip code 34997 is showing very strong sales activity.  Unfortunately the available inventory of condos for sale is now very low and will impact future sales.  For this month, both closed and pending sales activity increased.
The one month absorption rate is now a very striking 2.9 months after last months amazing 3.4 month rate.  Continuing as an extreme seller’s market.  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 2013 numbers were: 90 active listings, 45 pending sales and 10 closed sales.   Strong activity as compared to last year, but with less than half of the available inventory of condos for sale in this zip code.

Stuart FL 34997 Condo Market Report March 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

 

Stuart FL 34997 Condo Market Report March 2015

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Stuart FL 34997 Condo Market Report March 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

For March 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 43 active condo listings (Down by 1 condo from February).

Stuart FL 34997 Condo Market Report March 2015

31 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from February).

Stuart FL 34997 Condo Market Report March 2015

15 Condos Sold in March (Increased by 2 condos from February).

Stuart FL 34997 Condo Market Report March 2015

The Stuart FL condo market for zip code 34997 is showing very strong sales activity.  Unfortunately the available inventory of condos for sale is now very low and will impact future sales.  For this month, both closed and pending sales activity increased.
The one month absorption rate is now a very striking 2.9 months after last months amazing 3.4 month rate.  Continuing as an extreme seller’s market.  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 2013 numbers were: 90 active listings, 45 pending sales and 10 closed sales.   Strong activity as compared to last year, but with less than half of the available inventory of condos for sale in this zip code.

Stuart FL 34997 Condo Market Report March 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

 

Stuart FL 34997 Residential Market Report March 2015

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Stuart FL 34997 Residential Market Report March 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for March 2015

 

There are currently 351 active listings (Decreased by 21 homes from February).

Stuart FL 34997 Residential Market Report March 2015

211 Residential sales are pending and awaiting close or lender approval (Increased by 9 homes from February).

Stuart FL 34997 Residential Market Report March 2015

87 Homes Sold in March (Increased by 15 homes from February)

Stuart FL 34997 Residential Market Report March 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market.  The inventory gain we had in February has now been erased for March.  Solid increases in both pending and closed sales.
     The current one month absorption rate increased to 4  months (was 5.2 months for February).  A very strong seller’s market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2013 numbers for March, were: 416 active listings, 192 pending listings and 98 closed sales.  Considering the reduced inventory from last year, better activity for 2015.
Stuart FL 34997 Residential Market Report March 2015

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Stuart FL 34997 Residential Market Report March 2015

 

Stuart FL 34997 Condo Market Report February 2015

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Stuart FL 34997 Condo Market Report February 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2015

 

For February 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 44 active condo listings (Unchanged from January).

Stuart FL 34997 Condo Market Report February 2015

25 Condo sales are pending and awaiting close or lender approval (Increased by 8 condos from January).

Stuart FL 34997 Condo Market Report February 2015

13 Condos Sold in February (Increased by 2 condos from January).

Stuart FL 34997 Condo Market Report February 2015

The Stuart FL condo market for zip code 34997 continues to show very strong activity while inventory levels remain at uncomfortably low levels.  For February 2015, both closed and pending sales saw increase.
The one month absorption rate dropped again to 3.4 months after last months amazing 4 month rate.  Continuing as an extreme seller’s market.  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 2013 numbers were: 91 active listings, 37 pending sales and 9 closed sales.   We have less than half of last years’ condo inventory for the 34997 zip code area of Stuart FL.  Yest activity is almost as robust as last year.  This is a very strong market for sellers and prices are being driven up by demand while there’s little supply.

Stuart FL 34997 Condo Market Report February 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2015

 

 

Stuart FL 34997 Residential Market Report February 2015

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Stuart FL 34997 Residential Market Report February 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for February 2015

 

There are currently 373 active listings (Increased by 25 homes from January).

Stuart FL 34997 Residential Market Report February 2015

202 Residential sales are pending and awaiting close or lender approval (Increased by 4 homes from January).

Stuart FL 34997 Residential Market Report February 2015

72 Homes Sold in February (Decreased by 4 homes from January)

Stuart FL 34997 Residential Market Report February 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market.  We had a significant increase in inventory for February, though still under last years level.  Continued strong pending and closed numbers even if slightly off from last month.
     The current one month absorption rate increased to 5.2  months (was 4.6 months for January).  Still a sellers market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2013 numbers for February, were: 424 active listings, 184 pending listings and 63 closed sales.  For the first two months of 2015, activity has been superior to last year.
Stuart FL 34997 Residential Market Report February 2015

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Stuart FL 34997 Residential Market Report February 2015

 

Stuart FL 34997 Condo Market Report January 2015

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Stuart FL 34997 Condo Market Report January 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2015

 

For January 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 44 active condo listings (Unchanged from December).

Stuart FL 34997 Condo Market Report January 2015

17 Condo sales are pending and awaiting close or lender approval (Increased by 2 condos from December).

Stuart FL 34997 Condo Market Report January 2015

11 Condos Sold in January (Increased by 6 condos from December).

Stuart FL 34997 Condo Market Report January 2015

The Stuart FL condo market for zip code 34997 has a much reduced inventory compared to the recent past.  Though, even with less to work with, both pending and closed sales increased for January.
The one month absorption rate plunged to 4 months after last months amazing 8.8.  Back into a very strong sellers market after a one month duration of a buyers market.  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 2013 numbers were: 104 active listings, 27 pending sales and 11 closed sales.   With less than half of last year’s inventory the 34997 zip code area of Stuart is doing quite well in sales.  Though, the low inventory will definitely effect future sales.

Stuart FL 34997 Condo Market Report January 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2015

 

 

Stuart FL 34997 Residential Market Report January 2015

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Stuart FL 34997 Residential Market Report January 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for January 2015

 

There are currently 348 active listings (Increased by 11 homes from December).

Stuart FL 34997 Residential Market Report January 2015

198 Residential sales are pending and awaiting close or lender approval (Increased by 21 homes from December).

Stuart FL 34997 Residential Market Report January 2015

76 Homes Sold in January (Decreased by 3 homes from December)

Stuart FL 34997 Residential Market Report January 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market.  Our inventory is lower than last year, though it did increase some from December.  Pending sales had a nice increase and only a small decrease in closed sales from last month.
     The current one month absorption rate dropped to 4.6  months (was 4.3 months for December).  Still a strong sellers market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2013 numbers for January, were: 424 active listings, 149 pending listings and 51 closed sales.  Considerably better activity for the beginning of 2015 as compared to last year.
Stuart FL 34997 Residential Market Report January 2015

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Stuart FL 34997 Residential Market Report January 2015

 

Stuart FL 34997 Condo Market Report December 2014

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Stuart FL 34997 Condo Market Report December 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2014

 

For December 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 44 active condo listings (Down by 7 condos from November).

Stuart FL 34997 Condo Market Report December 2014

15 Condo sales are pending and awaiting close or lender approval (Decreased by 10 condos from November).

Stuart FL 34997 Condo Market Report December 2014

5 Condos Sold in December (Decreased by 5 condos from November).

Stuart FL 34997 Condo Market Report December 2014

The Stuart FL condo market for zip code 34997 slowed considerably for the last month of 2014.  Both closed and pending sales were down.  The inventory also continues to decline to very low numbers.
 
The one month absorption rate rose to 8.8 months after last months amazing 5.1.  Back into a buyers market after many, many months of being a strong sellers market.  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 2013 numbers were: 88 active listings, 24 pending sales and 13 closed sales.  Down to exactly half of last years inventory.  We should see an increase in the coming months.

Stuart FL 34997 Condo Market Report December 2014

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2014

 

 

Stuart FL 34997 Residential Market Report December 2014

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Stuart FL 34997 Residential Market Report December 2014

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2014

 

There are currently 337 active listings (Decreased by 9 homes from November).

Stuart FL 34997 Residential Market Report December 2014

177 Residential sales are pending and awaiting close or lender approval (Increased by 3 homes from November).

Stuart FL 34997 Residential Market Report December 2014

79 Homes Sold in December (Increased by 23 homes from November)

Stuart FL 34997 Residential Market Report December 2014

      The Stuart Florida Residential Market for ZIP Code 34997 is our largest and typically most active segment for the Stuart residential real estate market.  Activity is very strong in this zip code and the year ended in a strong way.  Unfortunately inventory continued to decline, while pending sales rose a little (though it remains very strong) and closed sales took a big jump.
 
     The current one month absorption rate dropped to 4.3  months (was 6.2 months for November).  Back into a strong sellers market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
 
     The 2013 numbers for December, were: 394 active listings, 130 pending listings and 85 closed sales.  When the reduced inventory for this year is factored in, activity this year is considerably better.
 
Stuart FL 34997 Residential Market Report December 2014 
 

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Stuart FL 34997 Residential Market Report December 2014

Stuart FL 34997 Condo Market Report November 2014

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Stuart FL 34997 Condo Market Report November 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2014

 

For November 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 51 active condo listings (Down by 7 condos from October).

Stuart FL 34997 Condo Market Report November 2014

25 Condo sales are pending and awaiting close or lender approval (Increased by 5 condos from October).

Stuart FL 34997 Condo Market Report November 2014

10 Condos Sold in November (Decreased by 11 condos from October).

Stuart FL 34997 Condo Market Report November 2014

The Stuart FL condo market for zip code 34997 showed some mixed signals for November of 2014.  Closed sales plunged after a very good month in October, while there was a nice increase in pending sales.The inventory continued to decline.
 
The one month absorption rate rose to 5.1 months after last months amazing 2.8.  Still a sellers market.  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 2013 numbers were: 91 active listings, 12 pending sales and 6 closed sales.  With almost 50% lower inventory, this market continues to outperform that of 2013.

Stuart FL 34997 Condo Market Report November 2014

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2014