Hobe Sound FL 33455 Condo Market Report October 2018

Hobe Sound FL 33455 Condo Market Report October 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for October 2018

For October 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 3 active condo listings. (Decreased by 4 condos from September)

Hobe Sound FL 33455 Condo Market Report October 2018

6 Condo is pending and awaiting close. (Up by 5 condos from September)

Hobe Sound FL 33455 Condo Market Report October 2018

2 Condos sold in October. (Down by 1 condo from September)

 Hobe Sound FL 33455 Condo Market Report October 2018

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  The inventory of available condos has once again reached very small levels and this will impact future condo market activity in Hobe Sound.  Yet, even with such little inventory, these condos are moving off the market quite fast.

The absorption rate for Hobe Sound condos was 1.5 months for October as compared to 2.3 months in September).  Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes in percentages that do not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The October 2017 numbers were: 13 active listings, 8 pending sales, and 1 closed sales.  Much better activity this year on a vastly smaller number of condos for sale.

Hobe Sound FL 33455 Condo Market Report October 2018

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Hobe Sound FL 33455 Condo Market Report October 2018

Palm City FL 34990 Condo Market Report October 2018

Palm City FL 34990 Condo Market Report October 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2018

For October 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 80 active condo listings. (Decreased by 3 condos from September)

   Palm City FL 34990 Condo Market Report October 2018

3 Condo sales are pending and awaiting close or lender approval. (Down by 2 condos from last month)

Palm City FL 34990 Condo Market Report October 2018

7 Condos Sold in October. (Up by 1 condo from September)

Palm City FL 34990 Condo Market Report October 2018

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market.  The sales activity in this market is skewed by two tough condo communities with high equity and association fees ythat make this market quite challenging.

The current absorption rate for condos in the 34990 zip code area decreased to 11.4 months (was 13.8 months in October).  Still a buyer’s market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The October 2017 numbers were: 75 active listings, 11 pending sales, and 2 closed sales.  Better sales activity this year but weaker pending sales activity.
Palm City FL 34990 Condo Market Report October 2018
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Palm City Florida Real Estate presented by:
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Palm City FL 34990 Condo Market Report October 2018

Stuart FL 34997 Condo Market Report October 2018

Stuart FL 34997 Condo Market Report October 2018

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

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

There are currently 49 active condo listings (Up by 7 condos from September).

Stuart FL 34997 Condo Market Report October 2018

18 Condo sales are pending and awaiting close (Up by 2 condos from September).

Stuart FL 34997 Condo Market Report October 2018

16 Condos Sold in October (Unchanged from September).

Stuart FL 34997 Condo Market Report October 2018

      The Stuart FL condo market for zip code 34997 remains very active even with such historically low inventory levels. Though there was a small rise this month.  Pending sales were up slightly while closed sales remained unchanged for October.

     The absorption rate rose to 3.1 months in October compared to 2.6 months for September.  Staying in a strong seller’s 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 October 2017 numbers were: 53 active listings, 25 pending sales, and 10 closed sales.  Better closed sales this year while there were more pending sales last year.

Stuart FL 34997 Condo Market Report October 2018

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Stuart FL 34997 Condo Market Report October 2018

 

 

Stuart FL 34996 Condo Market Report October 2018

Stuart FL 34996 Condo Market Report October 2018

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

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

There are currently 127 active condo listings (Up by 27 condos from last month).

Stuart FL 34996 Condo Market Report October 2018

22 Condo sales are pending and awaiting close or lender approval (Down by 8 condos from September).

Stuart FL 34996 Condo Market Report October 2018

19 Condos Sold in October (Down by 3 condos from September) 

Stuart FL 34996 Condo Market Report October 2018

The Stuart FL 34996 Condo Market of Stuart showed a good increase in inventory of available condos for sale.  Unfortunately. both pending and closed sales were down for October.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 6.7 months from September’s 4.5 months. Transitioning 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 October 2017 were: 130 active listings, 24 pending sales, and 22 closed sales.  Slightly better activity last year.

Stuart FL 34996 Condo Market Report October 2018

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Stuart FL 34996 Condo Market Report October 2018

Stuart FL 34994 Condo Market Report October 2018

Stuart FL 34994 Condo Market Report October 2018 

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

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

There are currently 85 active condo listings (Up by 9 condos from September).

Stuart FL 34994 Condo Market Report October 2018

45 Condo sales are pending and awaiting close or lender approval. (Decreased by 2 condos from last month) 

Stuart FL 34994 Condo Market Report October 2018

14 Condos Sold in October (Down by 6 condos from September).

Stuart FL 34994 Condo Market Report October 2018

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 October dropped to 6.1 months compared to last month’s 3.8.  Transitioning back into a balanced 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 October the numbers were 92 active listings, 28 pending sales, and 14 closed sales.  Identical closed volume when compared to last year, but much better pending activity.

Stuart FL 34994 Condo Market Report October 2018

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Stuart FL 34994 Condo Market Report October 2018 

 

Conquistador Homes and Condos Market Report November 2018

Conquistador Homes and Condos Market Report November 2018

Homes:  There are no homes currently on the market in Conquistador Estates.

There is one home currently under contract.  The list price was $319,999 which works out to $224.56 per sq. ft. of living area.  This home was on the market for 79 days prior to going under contract.

In the past 12 months, there have been 8 homes sold in Conquistador Estates.  The sales prices ranged from $235,000 up to $360,000.  This is an average sales price of $278,188 which works out to $158.63 per sq. ft. of living area.  These homes were on the market for an average of 57 days prior to going under contract and sold for an average of 94% of the listed price.

Condos:  There are currently 2 condos for sale in Conquistador.  Listing prices are $119,900 and $139,000.  The average list price is $129,450 which equals $117.86 per sq. ft. of living area.

3 Condos are under contract awaiting settlement.  List prices ranged from $99,900 up to $169,900 for an average of $139,933 which works out to $124.62 per sq. ft. of living area.  These condos were on the market for an average of 46 days prior to going under contract.

In the past 12 months, 21 condos have sold in Conquistador.  Sales prices ranged from $90,000 up to $187,500.  The average sales price was $129,529 which equals $120.48 per sq. ft. of living area. These sales averaged a 94% list to sales ratio as well as going under contract in an average of 44 days after being listed.

About Conquistador Homes and Condos in Stuart FL:

Conquistador homes and condos are in the prime senior location in Stuart Florida.  The Conquistador community is located on the shores of the wide Saint Lucie River and only minutes from the beaches of the Atlantic Ocean as well as being right next door to the Martin County Municipal Golf Course with easy access to shopping, restaurants, medical facilities.

Conquistador is a mix of single family homes (the estate’s section) and 3 story condominiums.  The condominiums have access to their own pool areas as well as barbecue areas or the main clubhouse pool.

This is a very active senior community with an active clubhouse with fitness room, main ballroom, reading library and activities throughout the year.  Conquistador is not just a seasonal residence as many owners enjoy the benefits of year round living in fabulous Martin County with all the amenities that this jewel of the Treasure Coast has to offer.

Search for available Homes in Conquistador

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 For any questions you November have about Conquistador Homes and Condos in Stuart, Florida, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Stuart Florida Real Estate

Residential Homes, Condos, and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Conquistador Homes and Condos Market Report November 2018

Florida Townhouses and Condos September 2018 Market Report

Florida Townhouses and Condos September 2018 Market Report

The Florida Townhouses and Condos September 2018 Market Report continues to proceed with stroger activity when compared to last year.  Closed sales were up by 14.6% as compared to last month’s increase of 6.6% and new sales under contract (new pending sales) increased by 44.1% (In August there was a 3.8% decrease).

Prices, also, continued to rise for September though at a slightly slower rate than in past months.  Median sales prices were up by 5.5% (was up by 8.8% in August), while the average sales price increased by 7.6% (was up 10.1% in August).

The inventory of active listings increased by 2.9% from September of last year.  For September 2018 we have 5.3 months of inventory (was also 5.3 months in August) and compared to 5.4 months for September 2017.  We remain in a seller’s market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos September 2018 Market Report

Click on the link below or the graphic to see the full market Report report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos September 2018 Market Report

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Florida Townhouses and Condos September 2018 Market Report

Hobe Sound FL 33455 Condo Market Report September 2018

Hobe Sound FL 33455 Condo Market Report September 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for September 2018

For September 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 7 active condo listings. (Increased by 3 condos from August)

Hobe Sound FL 33455 Condo Market Report September 2018

1 Condo is pending and awaiting close. (Down by 3 condos from August)

Hobe Sound FL 33455 Condo Market Report September 2018

3 Condos sold in September. (Down by 1 condo from August)

 Hobe Sound FL 33455 Condo Market Report September 2018

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  The inventory of available condos has once again reached very small levels and this will impact future condo market activity in Hobe Sound.  Yet, even with such little inventory, these condos are moving off the market quite fast.

The absorption rate for Hobe Sound condos was 2.3 months for September as compared to 1.0 months in August).  Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes in percentages that do not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The September 2017 numbers were: 17 active listings, 3 pending sales, and 1 closed sales.  Much better activity this year on a vastly smaller number of condos for sale.

Hobe Sound FL 33455 Condo Market Report September 2018

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Hobe Sound FL 33455 Condo Market Report September 2018

Palm City FL 34990 Condo Market Report September 2018

Palm City FL 34990 Condo Market Report September 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for September 2018

For September 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 83 active condo listings. (Increased by 7 condos from August)

   Palm City FL 34990 Condo Market Report September 2018

5 Condo sales are pending and awaiting close or lender approval. (Down by 2 condos from last month)

Palm City FL 34990 Condo Market Report September 2018

6 Condos Sold in September. (Down by 1 condo from August)

Palm City FL 34990 Condo Market Report September 2018

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Sales remain difficult in this market as we have a large number f condos in two high fee equity golf club associations where the current market is quite challenging.

The current absorption rate for condos in the 34990 zip code area jumped to 13.8 months (was 10.9 months in September).  Still a buyer’s market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The September 2017 numbers were: 68 active listings, 7 pending sales, and 3 closed sales.  Down slightly this year when compared to September 2017.
Palm City FL 34990 Condo Market Report September 2018
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Stuart Florida Real Estate presented by:
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Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report September 2018

Stuart FL 34997 Condo Market Report September 2018

Stuart FL 34997 Condo Market Report September 2018

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

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

There are currently 42 active condo listings (Up by 6 condos from August).

Stuart FL 34997 Condo Market Report September 2018

16 Condo sales are pending and awaiting close (Down by 9 condos from August).

Stuart FL 34997 Condo Market Report September 2018

16 Condos Sold in September (Increased by 4 condos from August).

Stuart FL 34997 Condo Market Report September 2018

      The Stuart FL condo market for zip code 34997 remains very active even with such historically low inventory levels.  Pending sales were down while closed sales were up for September.

     The absorption rate returned to 2.6 months in September compared to 3.0 months for August.  Remaining as a strong seller’s 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 September 2017 numbers were: 49 active listings, 18 pending sales, and 13 closed sales.  Pretty similar market activity as last year.

Stuart FL 34997 Condo Market Report September 2018

Stuart Florida Real Estate presented by:
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Stuart FL 34997 Condo Market Report September 2018

 

 

Stuart FL 34996 Condo Market Report September 2018

Stuart FL 34996 Condo Market Report September 2018

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

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

There are currently 100 active condo listings (Down by 2 condos from last month).

Stuart FL 34996 Condo Market Report September 2018

30 Condo sales are pending and awaiting close or lender approval (Down by 7 condos from August).

Stuart FL 34996 Condo Market Report September 2018

22 Condos Sold in September (Up by 6 condos from August) 

Stuart FL 34996 Condo Market Report September 2018

The Stuart FL 34996 Condo Market of Stuart rebounded from a slow August.  Closed sales were up.  Unfortunately, pending sales were off.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 4.5 months from August’s 6.4 months. Back, once again, 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 September 2017 were: 112 active listings, 33 pending sales, and 21 closed sales.  Quiesimilar activity when compared to last year.

Stuart FL 34996 Condo Market Report September 2018

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Stuart FL 34996 Condo Market Report September 2018

Stuart FL 34994 Condo Market Report September 2018

Stuart FL 34994 Condo Market Report September 2018 

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

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

There are currently 76 active condo listings (Down by 1 condos from August).

Stuart FL 34994 Condo Market Report September 2018

47 Condo sales are pending and awaiting close or lender approval. (Decreased by 13 condos from last month) 

20 Condos Sold in September (Up by 4 condos from August).

The Stuart FL 34994 Condo market remains as a very active market.  pending sales were down from last month and closed sales were up.

The absorption rate for September dropped to 3.8 months compared to last month’s 4.8.  Remaining in a strong seller’s market for this condo segment of Stuart’s 34994 zip code area but drifting towards a balanced one.  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 September the numbers were 73 active listings, 22 pending sales, and 14 closed sales.  Much better activity for this month when compared to last year.

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Stuart FL 34994 Condo Market Report September 2018 

 

Pierpoint Yacht Club October 2018 Market Report

Pierpoint Yacht Club October 2018 Market Report

There are no active listings in Pierpoint for October 2018.

There are also no condos currently under contract.

In the past 12 months, 13 condos have sold in Pierpoint.  Sale prices ranged from $79,900 up to $265,000 for an average sales price of $152,831 which equals $123.36 per sq. ft. of living space.  These condos were under contract in an average of 80 days and sold at an average of 95% of the list price.

About the Pierpoint Condos in Stuart FL:

Pierpoint Condos for Sale in Stuart FL

This friendly, active 55+ condominium offers two community pools, grills, shuffleboard, a waterfront clubhouse, and dock.

Pierpoint Condos in Stuart FL

Located in the heart of Stuart and on the shores of the wide Saint Lucie River, the Pierpoint Yacht Club Condominiums is the premier adult community in Stuart, Florida. An extremely well-maintained complex of 8 buildings, some of which have magnificent water views.

Pierpoint Condos in Stuart FL

Pierpoint has docks with boat slips for rent as available. Also on this dock is a fishing station and benches for all Pierpoint residents to enjoy and use. Stuart enjoys some of the finest fishing conditions in all of Florida and the east coast.

 Pierpoint Condos for Sale in Stuart FL

On the shores of the Saint Lucie River, Pierpoint has a large and active clubhouse with a full kitchen available for members and special occasions. Adjacent to the clubhouse is one of two heated pools, a billiard room, reading library and shuffleboard courts. There’s an outdoor lounge for sipping cocktails right on the shores of the wide Saint Lucie River. Lots of green space and ample parking complement this wonderful community.

 Pierpoint Condos for Sale in Stuart FL

As of October 2018, the condo fees in Pierpoint were $346.00 per month for a one bedroom condo and $367.00 per month for a two bedroom condo.  These fees cover Basic Cable TV, Fire/Liability Insurance, Grounds / Plants, Maintenance Exterior, Manager, Pest Control, Recreational Facility, Roof Maintenance, Trash Removal, Water and Sewer.

Pierpoint Condos in Stuart FL

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Pierpoint Yacht Club October 2018 Market Report

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The Courtyards at Willoughby October 2018 Market Report

The Courtyards at Willoughby October 2018 Market Report

There is one condo currently for sale in the Courtyards at Willoughby.  The list price is $174,900 which equals $134.75 per sq. ft. of living space.

Also, there are no condos currently under contract.

In the past 12 months, 6 condos have sold in the Courtyards of Willoughby with sales prices ranging from $167,000 to $185,000 for an average sales price of $173,667 and this equals $135.12 per sq. ft. of living space.  These condos sold for an average of 96% of list price with an average of 56 days on market before going under contract.

About the Courtyards at Willoughby:

Courtyards of Willoughby in Stuart FLThe charming townhomes in the Courtyards at Willoughby are located close to Historic Downtown Stuart as well as many other shopping, dining and entertainment areas that Stuart, Jensen Beach and Palm City have to offer.

There are only 44 residences in the Courtyards at Willoughby with four different models to choose from, The Juno, The Jupiter, The Hutchinson, and The Jensen depending on your needs. The models go up to 3 bedroom, 2 bathroom two level homes with 1,532 sq. ft. of living area down to 2 bedroom, 2 bath one level living with 1,125 sq. ft. of living space and some models feature garages. Maintenance fees at the time of this writing (October 2018) run from $350 per month and lower depending on the size of the unit. Up to 1 medium sized pet is allowed.

The Courtyards at Willoughby in Stuart FL

This community features a swimming pool, with a sundeck and cabana grilling area, and a 24 hour fitness center! The surrounding school district is ‘A’ rated.

The Courtyards at Willoughby in Stuart FL

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The Courtyards at Willoughby October 2018 Market Report

 

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Florida Townhouses and Condos August 2018 Market Report

Florida Townhouses and Condos August 2018 Market Report

The Florida Townhouses and Condos August 2018 Market Report remains in a strong market with better activity when compared to last year.  Closed sales were up by 6.6% as compared to last month’s increase of 8.5% and new sales under contract (new pending sales) decreased by 3.8% (In July there was a 1.8% increase).

Prices, also, continued to rise for August though at a slightly slower rate than in past months.  Median sales prices were up by 8.8% (was up by 5.3% in July), while the average sales price increased by 10.1% (was up 1.0% in July).

The inventory of active listings increased by 0.4% from August of last year.  For August 2018 we have 5.3 months of inventory (was also 5.3 months in July) and compared to 5.4 months for August 2017.  We remain in a seller’s market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos August 2018 Market Report

Click on the link below or the graphic to see the full market Report report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos August 2018 Market Report

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Florida Townhouses and Condos August 2018 Market Report

Hobe Sound FL 33455 Condo Market Report August 2018

Hobe Sound FL 33455 Condo Market Report August 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for August 2018

For August 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 4 active condo listings. (Decreased by 1 condos from July)

Hobe Sound FL 33455 Condo Market Report August 2018

4 Condos are pending and awaiting close. (Down by 1 condo from July)

Hobe Sound FL 33455 Condo Market Report August 2018

4 Condos sold in August. (Up by 1 condo from July)

 Hobe Sound FL 33455 Condo Market Report August 2018

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  The inventory of available condos has once again reached very small levels and this will impact future condo market activity in Hobe Sound.  Yet, even with such little inventory, these condos are moving off the market quite fast.

The absorption rate for Hobe Sound condos was 1.0 months for August as compared to 1.3 months in July).  Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes in percentages that do not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The August 2017 numbers were: 15 active listings, 4 pending sales, and 6 closed sales.  Much better activity last year on a greatly larger  inventory.

Hobe Sound FL 33455 Condo Market Report August 2018

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Hobe Sound Florida Real Estate presented by:
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Hobe Sound FL 33455 Condo Market Report August 2018

Palm City FL 34990 Condo Market Report August 2018

Palm City FL 34990 Condo Market Report August 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for August 2018

For August 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 76 active condo listings. (Decreased by 2 condos from July)

   Palm City FL 34990 Condo Market Report August 2018

7 Condo sales are pending and awaiting close or lender approval. (Down by 2 condos from last month)

Palm City FL 34990 Condo Market Report August 2018

7 Condos Sold in August. (Up by 6 condos from July)

Palm City FL 34990 Condo Market Report August 2018

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For August sales came back from the dismal July number.  Pending sales remain a little on the weak side.

The current absorption rate for condos in the 34990 zip code area dropped to 10.9 months (was 78 months in August).  Still a buyer’s market for Palm City condominiums, but not nearly as extreme as last month.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The August 2017 numbers were: 73 active listings, 8 pending sales, and 8 closed sales.  Down slightly this year when compared to August 2017.
Palm City FL 34990 Condo Market Report August 2018
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Stuart Florida Real Estate presented by:
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Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report August 2018

Stuart FL 34997 Condo Market Report August 2018

Stuart FL 34997 Condo Market Report August 2018

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

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

There are currently 36 active condo listings (Down by 8 condos from July).

Stuart FL 34997 Condo Market Report August 2018

25 Condo sales are pending and awaiting close (Up by 4 condos from July).

Stuart FL 34997 Condo Market Report August 2018

12 Condos Sold in August (Decreased by 5 condos from July).

Stuart FL 34997 Condo Market Report August 2018

      The Stuart FL condo market for zip code 34997 is still a very strong market, but the inventory of available condos has now shrunk to unprecedented low levels.  Surprisingly, both pending and closed sales remain quite strong considering the low inventory.

     The absorption rate rose to 3.0 months in August compared to 2.6 months for July.  Remaining as a strong seller’s 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 August 2017 numbers were: 44 active listings, 23 pending sales, and 17 closed sales.  Better sales activity last year but with greater inventory.

Stuart FL 34997 Condo Market Report August 2018

Stuart Florida Real Estate presented by:
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Stuart FL 34997 Condo Market Report August 2018

 

 

Stuart FL 34996 Condo Market Report August 2018

Stuart FL 34996 Condo Market Report August 2018

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

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

There are currently 102 active condo listings (Down by 4 condos from last month).

Stuart FL 34996 Condo Market Report August 2018

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

Stuart FL 34996 Condo Market Report August 2018

16 Condos Sold in August (Down by 10 condos from July) 

Stuart FL 34996 Condo Market Report August 2018

The Stuart FL 34996 Condo Market of Stuart weakened somewhat for August.  Sales were down significantly.  There was an increase in pending sales which will hopefully mean an increase in closed sales in the near future.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 6.4 months from July’s 4.1 months.  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 August 2017 were: 107 active listings, 39 pending sales, and 28 closed sales.  Considerably stronger activity last year when compared to this August.

Stuart FL 34996 Condo Market Report August 2018

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Stuart FL 34996 Condo Market Report August 2018

Stuart FL 34994 Condo Market Report August 2018

Stuart FL 34994 Condo Market Report August 2018 

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

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

There are currently 77 active condo listings (Down by 7 condos from July).

Stuart FL 34994 Condo Market Report August 2018

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

Stuart FL 34994 Condo Market Report August 2018

16 Condos Sold in August (Unchanged from July).

Stuart FL 34994 Condo Market Report August 2018

The Stuart FL 34994 Condo market remains a strong market with a strong number of pending sales.  This should result in some strong sales in the coming months.

The absorption rate for August dipped to 4.8 months compared to last month’s 5.3.  Remaining in a seller’s market for this condo segment of Stuart’s 34994 zip code area but drifting towards a balanced one.  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 August the numbers were 70 active listings, 30 pending sales, and 21 closed sales.  Pending sales remain much stronger than last year while the closed sales were lower.

Stuart FL 34994 Condo Market Report August 2018

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Stuart FL 34994 Condo Market Report August 2018