Stuart FL 34996 Condo Market Report January 2019

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for January 2019

For January 2019 in the 34996 Zip Code area of Stuart, Florida :

There are currently 122 active condo listings (Down by 2 condos from last month).

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

17 Condos Sold in January (Down by 10 condos from December) 

The Stuart FL 34996 Condo Market of Stuart is one of the few areas in Martin County with lower inventory as compared to last year.  Closed sales were unchanged and pending sales increased for January.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dipped to 7.2 months from December’s 4.6 months. Transitioning back into a slight 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 2018 were: 140 active listings, 52 pending sales, and 17 closed sales.  Identical closed sales with slightly less pending sales this year on lower inventory.  This condo market is bucking the trend from the rest of Martin County.

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Stuart FL 34994 Condo Market Report January 2019 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for January 2019

For January 2019 in the 34994 Zip Code area of Stuart, Florida :

There are currently 114 active condo listings (Up by 14 condos from December).

50 Condo sales are pending and awaiting close or lender approval. (Increased by 6 condos from last month) 

17 Condos Sold in December (Unchanged from December).

The Stuart FL 34994 Condo market had an small increase in inventory and pending sales while sales remained unchanged.

The absorption rate for December dropped to 6.7 months compared to last month’s 5.9 months.  Back into a balanced market after one month of a seller’s market for this condo segment of Stuart’s 34994 zip code area.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last January the numbers were 113 active listings, 51 pending sales, and 19 closed sales.  Very similar activity when compared to last January.

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Stuart, FL Real Estate

Business Opportunity Properties

• • • Business Opportunity Properties for Sale in Stuart, Florida Between $0 – $500,000
  • Business Opportunity Properties for Sale in Stuart, Florida Between $500,000 – $1,000,000

Commercial Properties

• • • Commercial Properties for Sale in Stuart, Florida Between $0 – $500,000
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  • Commercial Properties for Sale in Stuart, Florida Between $2,000,000 – $2,500,000

Land Properties

• • • Land Properties for Sale in Stuart, Florida Between $0 – $500,000
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  • Land Properties for Sale in Stuart, Florida Between $2,000,000 – $2,500,000

Rental Properties

• • Rental Properties for Rent in Stuart, Florida Between $0 – $500,000

Residential Properties

• • • Residential Properties for Sale in Stuart, Florida Between $0 – $500,000
  • • Residential Properties for Sale in Stuart, Florida Between $500,000 – $1,000,000
  • • Residential Properties for Sale in Stuart, Florida Between $1,000,000 – $1,500,000
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Residential Income Properties

• Residential Income Properties for Sale in Stuart, Florida Between $0 – $500,000

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 34994 Condo Market Report December 2018 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2018

For December 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 100 active condo listings (Up by 4 condos from November).

44 Condo sales are pending and awaiting close or lender approval. (Decreased by 4 condos from last month) 

17 Condos Sold in December (Up by 8 condos from November).

The Stuart FL 34994 Condo market rebounded with an increase in closed sales while a slight decrease in pending sales, but remaining as a very active market.

The absorption rate for December dropped to 5.9 months compared to last month’s 10.7.  Back into a seller’s market after one month of a buyer’s market for this condo segment of Stuart’s 34994 zip code area.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last December the numbers were 91 active listings, 35 pending sales, and 15 closed sales.  A better volume of sales and pending sales this year with only a slightly higher inventory.

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Stuart, FL Real Estate

Business Opportunity Properties

• • Business Opportunity Properties for Sale in Stuart, Florida Between $0 – $500,000
  • Business Opportunity Properties for Sale in Stuart, Florida Between $500,000 – $1,000,000

Commercial Properties

• • Commercial Properties for Sale in Stuart, Florida Between $0 – $500,000
  • Commercial Properties for Sale in Stuart, Florida Between $500,000 – $1,000,000
  • Commercial Properties for Sale in Stuart, Florida Between $2,000,000 – $2,500,000

Land Properties

• • Land Properties for Sale in Stuart, Florida Between $0 – $500,000
  • Land Properties for Sale in Stuart, Florida Between $500,000 – $1,000,000
  • Land Properties for Sale in Stuart, Florida Between $1,000,000 – $1,500,000
  • Land Properties for Sale in Stuart, Florida Between $1,500,000 – $2,000,000
  • Land Properties for Sale in Stuart, Florida Between $2,000,000 – $2,500,000

Rental Properties

• • Rental Properties for Rent in Stuart, Florida Between $0 – $500,000

Residential Properties

• • Residential Properties for Sale in Stuart, Florida Between $0 – $500,000
  • Residential Properties for Sale in Stuart, Florida Between $500,000 – $1,000,000
  • Residential Properties for Sale in Stuart, Florida Between $1,000,000 – $1,500,000
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  • Residential Properties for Sale in Stuart, Florida Between $3,000,000 – $3,500,000
  • Residential Properties for Sale in Stuart, Florida Between $4,000,000 – $4,500,000
  • Residential Properties for Sale in Stuart, Florida Between $4,500,000 – $5,000,000
  • Residential Properties for Sale in Stuart, Florida Between $5,000,000 – $5,500,000
  • Residential Properties for Sale in Stuart, Florida Between $6,000,000 – $6,500,000
  • Residential Properties for Sale in Stuart, Florida Between $7,000,000 – $7,500,000
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Residential Income Properties

• Residential Income Properties for Sale in Stuart, Florida Between $0 – $500,000

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 34994 Condo Market Report November 2018 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for November 2018

For November 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 96 active condo listings (Up by 11 condos from October).

48 Condo sales are pending and awaiting close or lender approval. (Increased by 3 condos from last month) 

9 Condos Sold in November (Down by 5 condos from October).

The Stuart FL 34994 Condo market showed slightly weaker closed activity from last month along with an increase in inventory of available condos for sale.

The absorption rate for November dropped to 10.7 months compared to last month’s 6.1.  Now a buyer’s market for this condo segment of Stuart’s 34994 zip code area.  This is a large change and it’s been quite some time that this was a buyer’s market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last November the numbers were 100 active listings, 31 pending sales, and 21 closed sales.  Much better sales activity last year, but stronger pending activity for this year.

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

Stuart, FL Real Estate

Business Opportunity Properties

• • Business Opportunity Properties for Sale in Stuart, Florida Between $0 – $500,000
  • Business Opportunity Properties for Sale in Stuart, Florida Between $500,000 – $1,000,000

Commercial Properties

• • Commercial Properties for Sale in Stuart, Florida Between $0 – $500,000
  • Commercial Properties for Sale in Stuart, Florida Between $500,000 – $1,000,000
  • Commercial Properties for Sale in Stuart, Florida Between $2,000,000 – $2,500,000

Land Properties

• • Land Properties for Sale in Stuart, Florida Between $0 – $500,000
  • Land Properties for Sale in Stuart, Florida Between $500,000 – $1,000,000
  • Land Properties for Sale in Stuart, Florida Between $1,000,000 – $1,500,000
  • Land Properties for Sale in Stuart, Florida Between $1,500,000 – $2,000,000
  • Land Properties for Sale in Stuart, Florida Between $2,000,000 – $2,500,000

Rental Properties

• • Rental Properties for Rent in Stuart, Florida Between $0 – $500,000

Residential Properties

• • Residential Properties for Sale in Stuart, Florida Between $0 – $500,000
  • Residential Properties for Sale in Stuart, Florida Between $500,000 – $1,000,000
  • Residential Properties for Sale in Stuart, Florida Between $1,000,000 – $1,500,000
  • Residential Properties for Sale in Stuart, Florida Between $1,500,000 – $2,000,000
  • Residential Properties for Sale in Stuart, Florida Between $2,000,000 – $2,500,000
  • Residential Properties for Sale in Stuart, Florida Between $2,500,000 – $3,000,000
  • Residential Properties for Sale in Stuart, Florida Between $3,000,000 – $3,500,000
  • Residential Properties for Sale in Stuart, Florida Between $4,000,000 – $4,500,000
  • Residential Properties for Sale in Stuart, Florida Between $4,500,000 – $5,000,000
  • Residential Properties for Sale in Stuart, Florida Between $5,000,000 – $5,500,000
  • Residential Properties for Sale in Stuart, Florida Between $6,000,000 – $6,500,000
  • Residential Properties for Sale in Stuart, Florida Between $7,000,000 – $7,500,000
  • Residential Properties for Sale in Stuart, Florida Between $7,500,000 – $8,000,000

Residential Income Properties

• Residential Income Properties for Sale in Stuart, Florida Between $0 – $500,000