Stuart FL 34996 Condo Market Report July 2014

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for July 2014

For July 2014 in the 34996 Zip Code area of Stuart, Florida :

There are currently 143 active condo listings (Up by 4 condos from last month).

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

11 Condos Sold in July (Decreased by 6 condos from June) 

Typically the summer in the Stuart FL 34996 Condo Market has reduced activity.   For July, though, there was an excellent increase in pending sales which bodes well for future closed activity.  Unfortunately closed sales were off for July which, if you’ve read my previous market reports was expected.  Inventory rose for the month as well.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 13 months from June’s 8.2 months .  The second month of a buyers market after more than a year of strong activity.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for July 2013 were: 176 active listings, 32 pending sales and 16 closed sales.  Better closed activity last year, though the pending sales are much better for 2014.

Stuart FL 34996 Condo Market Report June 2014

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for June 2014

For June 2014 in the 34996 Zip Code area of Stuart, Florida :

There are currently 139 active condo listings (Down by 6 condos from last month).

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

17 Condos Sold in June (Decreased by 9 condos from May) 

A second month in a row for decreasing activity in the Stuart FL 34996 Condo Market.   Both pending and closed sales were off from last month.  Unfortunately this segment of the Stuart condo market has slipped back into a bit of the doldrums.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 8.2 months from May’s 5.6 months .  Now back into a buyers market after more than a year of strong activity.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for June 2012 were: 184 active listings, 31 pending sales and 17 closed sales.  Comparing this activity to last year, we are still more active when the reduced inventory is factored into the mix.

Stuart FL 34996 Condo Market Report May 2014

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for May 2014

For May 2014 in the 34996 Zip Code area of Stuart, Florida :

There are currently 145 active condo listings (Up by 3 condos from last month).

  35 Condo sales are pending and awaiting close or lender approval (Decreased by 11 condos from April).

26 Condos Sold in May (Decreased by 15 condos from April) 

Not a very positive month for the Stuart FL 34996 Condo Market Report May 2014 as compared to April.   Both pending and closed sales were off from last month.  However, we still have positive activity and this market has returned to a more sustainable rate from the extremely hot numbers from last month.  Inventory was up slightly.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 5.6 months from April’s 3.5 months .   Still a sellers market representing a strong spring for the 34996 condo market of Stuart, FL.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for May 2012 were: 195 active listings, 33 pending sales and 25 closed sales.  When the considerably lower inventory is factored into the market activity, the 2014 numbers are much better than last year’s.

Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code April 2014

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for April 2014

For April 2014 in the 34996 Zip Code area of Stuart, Florida :

There are currently 142 active condo listings (Down by 8 condos from last month).

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

41 Condos Sold in April (Increased by 7 condos from March) 

April had excellent closed activity for the Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code April 2014.  Unfortunately pending sales were off a bit, though still strong.  Inventory also declined slightly.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 3.5 months from March’s 4.4 .   An extremely strong sellers market representing a very strong spring for the 34996 condo market of Stuart, FL.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for April 2012 were: 191 active listings, 44 pending sales and 32 closed sales.  Unlike the residential activity, it appears that the condo market is well outperforming last year.