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

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

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

There are currently 111 active condo listings (Decreased by 19 condos from February).

55 Condo sales are pending and awaiting close or lender approval. (Up by 15 condos from last month) 

13 Condos Sold in March (Down by 4 condos from February).

The Stuart Condo market in zip code 34994 had fewer closed sales for march than last month, however pending sales showed a nice jump which should result in some strong closed activity for the coming months.  Inventory, unfortunately dropped and is getting pretty slim in the way of available condos for buyers in the 34994 zip code area of Stuart.

The one month absorption rate rose to 8.5  months compared to last month’s 7.6.  Still a buyers market market for the 34994 zip code condo market of Stuart FL.  Though I expect this to change in the coming months.  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 March the numbers were 127 active listings, 57 pending sales, and 13 closed sales.   Quite similar to last years numbers even though inventory is less at present.

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

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

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

There are currently 130 active condo listings (Increased by 9 condos from January).

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

17 Condos Sold in February (Increased by 5 condos from January).

The Stuart Condo market in zip code 34994 continues to show good momentum.  The only negative for February was a decrease in the number of pending sales.  Both closed sales and inventory saw gains.

The one month absorption rate dropped to 7.6  months compared to last month’s 10.1.  (Still not as strong as some months of 2013.)  Getting close to a balanced market for the 34994 zip code condo market of Stuart FL.  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 February the numbers were 134 active listings, 50 pending sales, and 19 closed sales.   Very similar to last year, though the activity has slowed slightly for 2014 as compared to 2013.

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

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

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

There are currently 121 active condo listings (Increased by 2 condos from December).

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

12 Condos Sold in January (Increased by 3 condos from December).

An excellent start for 2014 from the Stuart Condo market in zip code 34994.  Improved results as compared to December in all categories tracked here. 

The one month absorption rate dropped to 1o.1  months compared to last month’s 13.2.  (Still not as good as some of the strong months of 2013.  This is still a buyer’s market for the 34994 zip code condo market of Stuart FL.  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 173 active listings, 68 pending sales, and 9 closed sales.   This is one of the few segments of our market with a noticeably smaller inventory as compared to last year.  Yest comparative activity is quite strong when the reduced inventory is factored in.

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code December 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2013

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

There are currently 119 active condo listings (Increased by 1 condo from November).

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

9 Condos Sold in December (Decreased by 11 condos from November).

After a good November market for the 34994 condo market, December turned out quite disappointing.  Sales were off by over 50% from November and pending sales also declined slightly.  Inventory was up marginally.

The one month absorption rate jumped up to 13.2 months compared to last month’s 5.9.  Back into a strong buyer’s market for the 34994 zip code condo market of Stuart FL.  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 153 active listings, 35 pending sales, and 14 closed sales.   With the lower inventory factored into the numbers, very similar to last year’s activity.

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market: