Stuart FL 34996 Condo Market Report January 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for January 2015

For January 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 125 active condo listings (Down by 17 condos from last month).

60 Condo sales are pending and awaiting close or lender approval (Increased by 13 condos from December).

23 Condos Sold in January (Increased by 2 condos from December) 

The Stuart FL 34996 Condo Market is one of the bright spots for Martin County’s real estate market for January.  Nice increases in both pending and closed sales while many other segments of the January market were off this year.  Unfortunately our inventory of available condos is decreasing as well.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 5.4 months from December’s 6.8 months .  Again back to a sellers’ market for January.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for January 2013 were: 171 active listings, 49 pending sales and 15 closed sales.  Considerably better activity this year even with a greatly reduced inventory.

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Stuart FL 34996 Condo Market Report December 2014

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

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

There are currently 142 active condo listings (Down by 2 condos from last month).

47 Condo sales are pending and awaiting close or lender approval (Decreased by 1 condo from November).

21 Condos Sold in December (Decreased by 3 condos from November) 

The Stuart FL 34996 Condo Market didn’t change much as compared to November.  Closed sales were off by 3 units while both the active inventory and pending sales declined slightly.  I expect to see an increase in activity as we gear up for 2015.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 6.8 months from November’s 6 months .  Slipping back towards a buyers market for December.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for December 2013 were: 173 active listings, 29 pending sales and 21 closed sales.  Even with considerably lower inventory, activity is much improved for the last month of 2014 as compared to 2013.

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Stuart FL 34996 Condo Market Report November 2014

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

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

There are currently 144 active condo listings (Down by 8 condos from last month).

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

24 Condos Sold in November (Increased by 9 condos from October) 

The Stuart FL 34996 Condo Market picked up a little steam as we headed into November.  While pending sales were off, closed sales took a nice jump.  The inventory was down unfortunately, though I would anticipated that this will turn around as we head into high season for condo sales.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 6 months from October’s 10.1 months .  Back into a balanced market after last months weaker activity.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for November 2013 were: 178 active listings, 35 pending sales and 17 closed sales.  Inventory is still considerably under last years levels.  Our current activity as a percentage of available product is better than it was in 2013.

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