Stuart FL 34994 Condo Market Report August 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for August 2014

For August, 2013 in the 34994 Zip Code area of Stuart, Florida :

There are currently 105active condo listings (Down by 13 condos from July).

40 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month) 

22 Condos Sold in August (Down by 3 condos from July).

Typically the Stuart FL 34994 Condo market slows a bit in the summer, which we can see for August.   Closed sales were off slightly while the inventory of available condos also decreased. Pending sales remained unchanged.

The one month absorption rate edged up to 4.8  months compared to last month’s 4.7.  Still a sellers 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 August the numbers were 112 active listings, 48 pending sales, and 16 closed sales.  Continuing a trend of improved activity for 2014.

Stuart FL 34994 Condo Market Report July 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for July 2014

For July, 2013 in the 34994 Zip Code area of Stuart, Florida :

There are currently 118 active condo listings (Up 7 condos from June).

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

25 Condos Sold in July (Up by 1 condo from June).

Typically the Stuart FL 34994 Condo market slows a bit in the summer, which we can see for July.   Closed sales were up by 1 condo while the number of pending sales (future activity) was off.  The inventory also increased for this month.

The one month absorption rate dropped to 4.7 months compared to last month’s 4.8.  Still a sellers 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 July the numbers were 109 active listings, 53 pending sales, and 11 closed sales.  Considerably better activity this year.

Stuart FL 34994 Condo Market Report May 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for May 2014

For May, 2013 in the 34994 Zip Code area of Stuart, Florida :

There are currently 111 active condo listings (Unchanged from April).

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

27 Condos Sold in May (Up by 4 condos from April).

Better closed number for the Stuart FL 34994 Condo market.  Unfortunately, pending sales were off which typically signifies less closed sales in the near future.  Inventory of available condos remained unchanged.

The one month absorption rate dropped to 4.1 months compared to last month’s 5.  A strong sellers 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 113 active listings, 42 pending sales, and 30 closed sales.   Pretty similar activity to last year and continuing good solid activity.

Stuart FL 34994 Condo Market Report June 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for June 2014

For June, 2013 in the 34994 Zip Code area of Stuart, Florida :

There are currently 111 active condo listings (Unchanged from May).

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

23 Condos Sold in June (Down by 4 condos from May).

A little slower market activity for the Stuart FL 34994 Condo market.  Both closed and pending sales were off from May, but don’t let this fool you as this is one of the hottest areas of Martin County and Stuart.

The one month absorption rate dropped to 4.8 months compared to last month’s 4.1.  Still a sellers 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 112 active listings, 52 pending sales, and 17 closed sales.   No major changes from last years activity.

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code April 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for April 2014

For April, 2013 in the 34994 Zip Code area of Stuart, Florida :

There are currently 111 active condo listings (Increased by 5 condos from March).

56 Condo sales are pending and awaiting close or lender approval. (Up by 1 condo from last month) 

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

All movement in the Stuart Condo market in zip code 34994 was positive.  One of the few segments of Martin County with such strong numbers as well as an increase in inventory.

The one month absorption rate dropped to 5  months compared to last month’s 8.5.  Back once again into a sellers 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 118 active listings, 43 pending sales, and 28 closed sales.   Another equally strong April for the 34994 condo market of Stuart FL.