Stuart FL 34996 Condo Market Report June 2018

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

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

There are currently 106 active condo listings (Down by 12 condos from last month).

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

29 Condos Sold in June (Down by 11 condos from May) 

The Stuart FL 34996 Condo Market of Stuart remains a very active market.  Sales and pending sales were off from last month and the inventory continues to decline.  Hopefully, this is just a seasonal slow down which is typical for condos in our area.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 3.7 months from May’s 3.0 months.  Still in a strong sellers’ 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 June 2017 were: 132 active listings, 40 pending sales, and 26 closed sales.  Very similar activity as compared to last year with a significantly lower number of available condos for sale (inventory).

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Stuart FL 34994 Condo Market Report June 2018 

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

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

There are currently 83 active condo listings (Up by 2 condos from May).

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

25 Condos Sold in May (Decreased by 9 condos from May).

The Stuart FL 34994 Condo market continues to show very strong activity.  Not quite as strong as last month, but still a ver active seller’s market.  We could use a greater inventory of condos for sale.

The absorption rate for May rose to 3.3 months compared to last month’s 2.4.  Remaining in a strong seller’s market for this condo segment of Stuart’s 34994 zip code area after one month of a seller’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 June the numbers were 90 active listings, 39 pending sales, and 21closed sales.  The activity for this condo segment of the Stuart market remains more active when compared to last June.

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Stuart, FL Real Estate

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Residential Income Properties

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Stuart FL 34996 Condo Market Report May 2018

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

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

There are currently 118 active condo listings (Down by 7 condos from last month).

46 Condo sales are pending and awaiting close or lender approval (Down by 13 condos from April).

40 Condos Sold in May (Up by 1 condos from April) 

The Stuart FL 34996 Condo Market of Stuart continues with strong sales and pending activity.  Pending numbers were off from last month which is not unexpected as we dip into lower inventory levels.  This should effect future sales volume for the coming months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 3.0 months from April’s 3.2 months.  Still in a very strong sellers’ 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 May 2017 were: 137 active listings, 36 pending sales, and 30 closed sales.  There is better pending and sales activity this year with a significantly lower inventory of available condos for sale.  Very impressive results this month.

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Stuart FL 34994 Condo Market Report May 2018 

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

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

There are currently 81 active condo listings (Down by 16 condos from April).

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

34 Condos Sold in April (Increased by 6 condos from April).

The Stuart FL 34994 Condo market is now into historic low inventory levels which I have not seen before.  Yet the volume of both pending and closed sales rose for May.  This activity may not be sustainable if the inventory continues to drop.

The absorption rate for April dropped to 2.4 months compared to last month’s 3.5.  Even a stronger seller’s market for this condo segment of Stuart’s 34994 zip code area after one month of a seller’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 May the numbers were 85 active listings, 41 pending sales, and 18 closed sales.  Much better volume of closed and pending sales for this year when compared to last..

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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

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Residential Income Properties

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Stuart FL 34996 Condo Market Report April 2018

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

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

There are currently 125 active condo listings (Down by 14 condos from last month).

59 Condo sales are pending and awaiting close or lender approval (Up by 4 condos from March).

39 Condos Sold in April (Up by 10 condos from March) 

The Stuart FL 34996 Condo Market of Stuart had a very strong April with increases in closed and pending sales.  Unfortunately, the inventory dropped.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 3.2 months from March’s 4.8 months.  Moving to a stronger sellers’ 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 April 2017 were: 148 active listings, 35 pending sales, and 40 closed sales.  Better activity last year on a slightly higher inventory.

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Stuart FL 34994 Condo Market Report April 2018 

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

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

There are currently 97 active condo listings (Down by 30 condos from March).

75 Condo sales are pending and awaiting close or lender approval. (Increased by 8 condos from last month) 

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

The Stuart FL 34994 Condo market lost a significant amount of inventory with bery strong sales and pending activity for the month.

The absorption rate for March dropped to 3.5 months compared to last month’s 4.9.  Even a stronger seller’s market for this condo segment of Stuart’s 34994 zip code area after one month of a seller’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 April the numbers were 90 active listings, 31 pending sales, and 29 closed sales.  Considerably greater pending activity for this year.

Are you interested in the value of your Stuart FL Condo?
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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

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