Stuart FL 34994 Condo Market Report March 2019 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for March 2019

For March 2019 in the 34994 Zip Code area of Stuart, Florida :

There are currently 105 active condo listings (Down by 8 condo from February).

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

26 Condos Sold in February (Up by 6 condos from February).

The Stuart FL 34994 Condo market continues to show very strong activity for the early Spring market.  There are no signs of a slowdown for this segment.

The absorption rate for March dropped to 4.0 months compared to last month’s 5.7 months.  Now a more extreme seller’s market for this condo segment of Stuart’s 34994 zip code area.  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, 67 pending sales, and 26 closed sales.  Sales volume is the same as last year with reduced inventory.  There was better-pending activity last year.

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Stuart FL 34996 Condo Market Report February 2019

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for February 2019

For February 2019 in the 34996 Zip Code area of Stuart, Florida :

There are currently 138 active condo listings (Up by 16 condos from last month).

51 Condo sales are pending and awaiting close or lender approval (Up by 13 condos from January).

16 Condos Sold in February (Down by 1 condo from January) 

The Stuart FL 34996 Condo Market of Stuart showed a nice increase in pending sales but a slight decrease in closed sales when compared to January.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 8.6 months from January’s 7.2 months. Remaining in a slight buyer’s 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 February 2018 were: 141 active listings, 55 pending sales, and 29 closed sales.  Slightly better activity last year.

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Stuart FL 34994 Condo Market Report February 2019 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for February 2019

For February 2019 in the 34994 Zip Code area of Stuart, Florida :

There are currently 113 active condo listings (Down by 1 condo from January).

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

20 Condos Sold in January (Up by 3 condos from January).

The Stuart FL 34994 Condo market had a small increase in sales while little or no other significant changes. One of the few segments where inventory is below last year’s numbers.

The absorption rate for February dropped to 5.7 months compared to last month’s 6.7 months.  Back into a seller’s market after one month of a balanced market for this condo segment of Stuart’s 34994 zip code area.  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 125 active listings, 55 pending sales, and 28 closed sales.  There was better sales activity last year on a greater inventory of homes for sale.

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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

• • • Commercial Properties for Sale in Stuart, Florida Between $0 – $500,000
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Land Properties

• • • Land Properties for Sale in Stuart, Florida Between $0 – $500,000
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Rental Properties

• • Rental Properties for Rent in Stuart, Florida Between $0 – $500,000

Residential Properties

• • • Residential Properties for Sale in Stuart, Florida Between $0 – $500,000
  • • Residential Properties for Sale in Stuart, Florida Between $500,000 – $1,000,000
  • • Residential Properties for Sale in Stuart, Florida Between $1,000,000 – $1,500,000
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Residential Income Properties

• Residential Income Properties for Sale in Stuart, Florida Between $0 – $500,000

Stuart FL 34996 Condo Market Report January 2019

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for January 2019

For January 2019 in the 34996 Zip Code area of Stuart, Florida :

There are currently 122 active condo listings (Down by 2 condos from last month).

38 Condo sales are pending and awaiting close or lender approval (Up by 12 condos from December).

17 Condos Sold in January (Down by 10 condos from December) 

The Stuart FL 34996 Condo Market of Stuart is one of the few areas in Martin County with lower inventory as compared to last year.  Closed sales were unchanged and pending sales increased for January.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dipped to 7.2 months from December’s 4.6 months. Transitioning back into a slight buyer’s 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 January 2018 were: 140 active listings, 52 pending sales, and 17 closed sales.  Identical closed sales with slightly less pending sales this year on lower inventory.  This condo market is bucking the trend from the rest of Martin County.

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Stuart FL 34994 Condo Market Report January 2019 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for January 2019

For January 2019 in the 34994 Zip Code area of Stuart, Florida :

There are currently 114 active condo listings (Up by 14 condos from December).

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

17 Condos Sold in December (Unchanged from December).

The Stuart FL 34994 Condo market had an small increase in inventory and pending sales while sales remained unchanged.

The absorption rate for December dropped to 6.7 months compared to last month’s 5.9 months.  Back into a balanced market after one month of a seller’s market for this condo segment of Stuart’s 34994 zip code area.  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 113 active listings, 51 pending sales, and 19 closed sales.  Very similar activity when compared to last January.

Are you interested in the value of your Stuart FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

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

• • • Commercial Properties for Sale in Stuart, Florida Between $0 – $500,000
  • • Commercial Properties for Sale in Stuart, Florida Between $500,000 – $1,000,000
  • Commercial Properties for Sale in Stuart, Florida Between $2,000,000 – $2,500,000

Land Properties

• • • Land Properties for Sale in Stuart, Florida Between $0 – $500,000
  • • Land Properties for Sale in Stuart, Florida Between $500,000 – $1,000,000
  • • Land Properties for Sale in Stuart, Florida Between $1,000,000 – $1,500,000
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Rental Properties

• • Rental Properties for Rent in Stuart, Florida Between $0 – $500,000

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• • • Residential Properties for Sale in Stuart, Florida Between $0 – $500,000
  • • Residential Properties for Sale in Stuart, Florida Between $500,000 – $1,000,000
  • • Residential Properties for Sale in Stuart, Florida Between $1,000,000 – $1,500,000
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Residential Income Properties

• Residential Income Properties for Sale in Stuart, Florida Between $0 – $500,000