Stuart Florida Market Report ZIP Code 34996 – Condo, December 2012
Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2012
For December 2012 in the 34996 Zip Code area of Stuart, Florida :
There are currently 216 active condo listings (Up 7 from last month).
[singlepic id=3224 w=600 h=600 float=center]
[singlepic id=3225 w=600 h=600 float=center]
29 Condo sales are pending and awaiting close or lender approval (An increase of 3 condos from November).
[singlepic id=3226 w=600 h=600 float=center]
14 Condos Sold in December (Up by 2 from November)
[singlepic id=3227 w=600 h=600 float=center]
[singlepic id=3228 w=600 h=600 float=center]
[singlepic id=3229 w=600 h=600 float=center]
[singlepic id=3230 w=600 h=600 float=center]
The Stuart Florida Market Report ZIP Code 34996 for Condos showed some increased activity along with the second straight month of increasing inventory. Pending sales were up slightly which is unusual for December, which is typically a month with reduced traffic because of the holidays. Sales were also up, though I was expecting a bit stronger closed activity to finish the year.
The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is just over 15.4 months. Still indicating a strong buyers’ market. A balanced market is considered to occur when the absorption rate is 6 months.
The numbers for December 2011 were: 226 active listings, 19 pending sales and 12 closed sales. Very similar numbers to this year with the exception of a significantly higher pending sales numbers.
Search here for Stuart Florida Real Estate for Sale ( Condos)
Stuart Florida Real Estate presented by:
Gabe Sanders