Jensen Beach Florida Market Report ZIP Code 34957 – Residential, April 2013

05.23.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, April 2013

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for April 2013

 For April 2013in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 116 active listings. (A decrease of 3 homes from last month)

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84 Residential sales are pending and awaiting close or lender approval. (Down 2 homes from March)

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32 Homes Sold (Up by 7 homes from March)

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The Jensen Beach residential real estate market, zip code 34957 for April had another strong month for closed sales.   Pending sales took a slight drop and the inventory also declined by only 3 homes.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 3.6 months, now a strong seller’s market.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The April 2012 numbers were: 135 active listings, 78 pending sales and 33 home sales closed.  With inventory levels almost 50% lower, the Jensen beach market activity as a percentage of available properties is much higher, while absolute numbers are similar.

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, April 2013

Palm City Florida Market Report ZIP Code 34990 – Condo, April 2013

05.22.13 by

Palm City Florida Market Report ZIP Code 34990 – Condo, April 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for April 2013

 

For April 2013 in the 34990 Zip Code area of Palm City, Florida :



There are currently 58 active condo listings. (Down 5 condos from March)

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14 Condo sales are pending and awaiting close or lender approval. (Increased by 5 condos from last month)

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7 Condos Sold in April. (Up 2 condos from March)

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The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.   Considering that we are now down to only 58 active cndo listings, activity has been excellent for this market.  Both closed and pending sales were up for April.
 
The current absorption rate for condos in the 34990 zip code area is 8.2 months.  Now down to a slight buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.
 
The April 2012 numbers were: 66 active listings, 3 pending sales and 1 closed sales.   Considerably better activity for 2013 than last year.

 

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Palm City Florida Market Report ZIP Code 34990 – Condo, April 2013

Palm City Florida Market Report ZIP Code 34990 – Residential, April 2013

05.21.13 by

Palm City Florida Market Report ZIP Code 34990 – Residential, April 2013

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for April 2013

 

For April 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 382 active listings (A decrease of 16 homes from March)

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186 Residential sales are pending and awaiting close or lender approval. (An increase of 6 homes from last month)

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76 Homes Sold in April (Increased by 8 homes from March)

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For the Palm City, zip code 34990, area of Martin County Florida the residential market activity showed strong results for April.  Closed sales increased again and remained quite strong.  Pending sales also increased and show good potential for future closed sales.  The inventory continues to decline and this may be a troubling statistic in the future as fewer homes are available for sale.
 

The current absorption rate stands at 5 months.   The Palm City residential real estate market has slipped into a sellers market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The April 2012 numbers were:  462 active listings, 228 pending sales and 49 closed sales.  Our closed sales for this year remain considerably better than last year.  This is especially noteworthy with the reduced amount of available homes for sale.  Pending sales are lower this year and the inventory may very well be one of the factors for this lower number.

 

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Palm City Florida Market Report ZIP Code 34990 – Residential, April 2013

Stuart Florida Market Report ZIP Code 34997 – Condo, April 2013

05.20.13 by

Stuart Florida Market Report ZIP Code 34997 – Condo, April 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2013

 

For April 2013 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 101 active condo listings (A decrease of 2 condos form March).

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29 Condo sales are pending and awaiting close or lender approval (Down 10 condos from March).

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34 Condos Sold in April (An increase of 18 condos from March).

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The Stuart condo market for the area in ZIP code 34997 showed very strong closed numbers for April .  Sales more than doubled from March (which were also double from February).  Pending sales however took a significant drop.  While the inventory decreased by a small number (2).  One of the strongest months for condo activity in some years.
 

The one month absorption rate decreased to 3 months.  For April, this represents a major shift into a strong seller’s market.  A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller. 

The April 2012 numbers were: 115 active listings, 34 pending sales and 18 closed sales.  Other than the big increase in closed sales for this year, numbers are fairly similar to April of 2012.  I expect a return to a more balanced market in the coming months with the lower pending activity.

 

 

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2013

 

 

Stuart Florida Market Report ZIP Code 34997 – Residential, April 2013

05.19.13 by

Stuart Florida Market Report ZIP Code 34997 – Residential, April 2013

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for April 2013

 

There are currently 325 active listings (A decrease of 19 homes from March).

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219 Residential sales are pending and awaiting close or lender approval (An decrease of 1 home from March).

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82 Homes Sold in April (Unchanged from March)

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For April 2013, the Stuart Florida Market Report ZIP Code 34997 the number of closed sales remained high as well as strong pending activity for future months closed activity.  For April, there was a slight decrease in inventory after a small increase last month.  The 34997 zip code area of Martin County market activity remains as one of the most active areas in the county.
 
The current one month absorption rate dropped to 4.0 months which indicates a sellers market for the 34997 Stuart zip code real estate market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.
 
The 2012 numbers were: 407 active listings, 245 pending listings and 67 closed sales.  With a greatly reduced inventory, our pending sales are off slightly, yet closed sales are still greater than last year.
 
 

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Stuart Florida Market Report ZIP Code 34997 – Residential, April 2013

Stuart Florida Market Report ZIP Code 34996 – Condo, April 2013

05.18.13 by

Stuart Florida Market Report ZIP Code 34996 – Condo, April 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for April 2013

For April 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 191 active condo listings (Up 7 from last month).

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44 Condo sales are pending and awaiting close or lender approval (A decrease of 15 condos from March).

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32 Condos Sold in April (Down by 10 from March)

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After an exceptional March the Stuart Florida Market Report ZIP Code 34996 for Condos eased a bit for April.   Both pending and closed sales were off.  Also, bucking the trend from most of our other areas, inventory rose modestly.  After a very strong early spring it appears that this section of the Martin County condo market has eased a bit.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo rose to 6 months.  This market has now shifted back to a balanced market for April of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for April 2012 were: 191 active listings, 52 pending sales and 26 closed sales.  Even though we eased a bit from last month, market activity is still stronger than last year.

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Stuart Florida Market Report ZIP Code 34996 – Condo, April 2013

Stuart Florida Market Report ZIP Code 34996 – Residential, April 2013

05.17.13 by

Stuart Florida Market Report ZIP Code 34996 – Residential, April 2013

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for April 2013

 

For April, 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 172 active listings (Decreased by 3 home from March).

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57 Residential sales are pending and awaiting close or lender approval (Increased by 2 from March).

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18 Homes Sold in April (Increased by 4 homes from March).

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In the 34996 zip code area of Stuart Florida real estate market activity for April 2013 both pending sales and closed sales rose while the inventory decreased again.  Sales activity remains strong and we are seeing multiple offers on some well priced desirable properties.

The one month absorption rate for the 34996 zip code area of Stuart Florida for April dipped to 9.6 months, which is still a buyer’s market.  This figure should be dropping as the pending sales close in the coming months. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for April of 2012 were: 165 active listings, 47 pending sales and 8 closed sales.  The 34996 zip code area of Stuart is bucking the trend for most of the other areas of Martin County as it has a higher inventory this year as compared to last year.  The market activity is stronger this year with closed and pending sales.

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Stuart Florida Market Report ZIP Code 34996 – Residential, April 2013

Stuart Florida Market Report ZIP Code 34994 – Condo, April 2013

05.16.13 by

Stuart Florida Market Report ZIP Code 34994 – Condo, April 2013

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

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

 

There are currently 118 active condo listings (Decreased by 9 condos from March).

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43 Condo sales are pending and awaiting close or lender approval. (Down 13 condos from last month)

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28 Condos Sold in April (Increased by 15 condos from March).

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Mixed signals for the Stuart Condo market for zip code 34994.   Pending sales were off from March while closed sales more than doubled.   The inventory also continued it’s decline.  This low inventory will be responsible for a decreasing market numbers in the coming months.

The one month absorption rate dropped to 4.2 months, which for April is a significant shift into a seller’s 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 147 active listings, 43 pending sales, and 15 closed sales.  Much better sales activity this year.  This with almost a 50% lower inventory.

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Stuart Florida Market Report ZIP Code 34994 – Condo, April 2013

Stuart Florida Market Report ZIP Code 34994 – Residential April 2013

05.15.13 by

Stuart Florida Market Report ZIP Code 34994 – Residential April 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for April 2013

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

 

There are currently 65 active listings (Down 2 from March).

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34 Residential sales are pending and awaiting close or lender approval (No change from March).

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9 Homes Sold in March (Up 4 homes from March)

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The 34994 ZIP code area of the Stuart, Florida real estate market showed a marked increase in closed sales for April.  At the same time, pending activity remained strong (unchanged from last month) and the inventory decreased by two homes.  We should continue to have strong closed sales in the coming months, but if inventory doesn’t increase, we will be looking at a challenging market as there just aren’t enough homes available for sale.

The one month absorption rate for the 34994 zip code for April dropped to 7.2 months. which signifies a slight buyers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The April 2012 numbers were 79 Active Listings, 40 pending sales and 5 closed sales.  Considering the lower inventory this year as compared to last, market activity remains strong for the 34994 zip code area of Stuart for residential home market.

 

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Stuart Florida Market Report ZIP Code 34994 – Residential April 2013

Sewalls Point Residential Market Report April 2013

05.14.13 by

Sewalls Point Residential Market Report April 2013

Sewalls Point Real Estate Snapshot, Residential Sales for April 2013

 

There are currently 61 active listings (an increase of 4 homes for sale from March)

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17 Residential sales are pending and awaiting close or lender approval (an increase of 2 homes from March)

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4 Homes sold in March (A decrease of 1 home from March)

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 For April, in the Sewalls Point residential real estate market, there was very little change from the previous month.  Inventory improved slightly as did pending sales while closed sales were off by 1 home.

The absorption rate rose to 15 months.  Still a strong buyers market in Sewalls Point.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to April of 2012, the inventory was 63 homes homes on the market, 19 pending sales and there were 2 closed sales.  Slightly better activity this year, but basically very similar to last year’s activity.

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Sewalls Point Market Report – Residential, April 2013

Martin County Florida Condo Market Report for March 2013

05.05.13 by

Martin County Florida Condo Market Report for March 2013

 

Commentary:

The Martin County Florida Condo Market for March 2013 also showed excellent activity for March of 2013.  After disappointing results from much of the fall season, sales numbers for March were up to 84 units.  The last March that had a higher sales volume was back in 2005.  The inventory continues to decline.  Now down to 582 condos (Down 69 units from March of 2012).  This is the third month of decreasing inventory after 3 months of increases.  The median sales price jumped dramatically to $142,500 from $88,250 last month (and 103,500 in March of 2012).   While the median list price rose modestly to $189,450.  These numbers are a little misleading as it appears that prices have stabilized in the condo market.  There have been a relatively greater number of lower priced condos sold which is driving the median sales prices down.  As the inventory continues to decrease, pressure will be on for prices to rise.

The one month absorption rate dipped to 6.93 months from last months 9.15 months, while the three-month average is now at 9.5 months.  A considerably improved condo market after many years of stagnant results.  We are now very close to a balanced market  for condos in Martin County.  Generally an absorption rate of 6 or 7 months is considered a balanced market.

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 The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

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Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Condo Market Report for March 2013

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Martin County Florida Residential Market Report for March 2013

05.04.13 by

Martin County Florida Residential Market Report for March 2013

 

Commentary:

The Martin County Florida Residential Market Report for March 2013 showed very strong sales activity for the month.  In fact, the highest unit volume since 2004.  And this with a lower number of available homes as well.  In fact, our inventory levels are approaching numbers that may have a negative effect on sales volume in the upcoming months.  Many prospective buyers may not be able to find homes that fit their needs.

Average prices were up for March, while the median declined. This is an indication of a greater volume of lower priced sales with a few higher priced homes in the mix as well.  The inventory of available homes dropped over 100 homes from February.    The one month absorption rate for March 2013 decreased to 4.38 months, and the three-month average is down to 6.45 months.  A 6 month absorption rate is considered to be a balanced market, so we are going into a sellers market in Martin County.

Activity is remained strong for April.  Positive economic news as well as continued low interest rates continue to drive buyers into the market.  We continue to be in a very attractive market for buyers.  Sellers can also expect to see good value in the sale of their homes as compared to the past few years.

Please feel free to contact us if you have any difficulty interpreting these charts.

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The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

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Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Residential Market Report for March 2013

the Gabe Sanders real estate team

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

For more information about Florida’s Treasure Coast Real Estate, visit us at:

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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, March 2013

04.27.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, March 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for March 2013

 

For March 2013 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 22 active condo listings. (Up by 4 condos from February)

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9 Condo sales are pending and awaiting close or lender approval. (Unchanged from February)

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2 Condos sold in March (Down 2 from February)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  We had a small increase in inventory making the number of available condos go up to 22.  Sales were off and pending sales remained unchanged.

The one month absorption rate jumped to 11months, signifying a return to a buyer’s market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. 

The March 2012 numbers were:  38 active listings, 7 pending sales and 5 closed sales.  Difficult to make comparisons from last year with such a small sampling of available units.  When inventory differences are accounted for, closed sales are very similar.


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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, March 2013

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, March 2013

04.26.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, March 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for March 2013

 For March 2013 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 249 active listings. ( An increase of 5 homes from February)

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100 Residential sales are pending and awaiting close  (A decrease of 9 homes from February)

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45 Homes Sold in March (Up 17 homes from last month)

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Strong sales activity for the Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County.  Inventory levels remain low, but did increase slightly for this month.  Pending sales were off for March.  With such low numbers of available homes on the market, activity might slow in the coming summer months.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 5.4 months.  Now a slight seller’s market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for March 2012 were:  323 active listings, 104 pending sales and 49 closed sales.   Considering the reduced inventory as compared to 2012, the market activity continues to improve.

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, March 2013

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, March 2013

04.25.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, March 2013

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for March 2013

 

For March 2013 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 54 active listings. ( A decrease of 6 condos from February)

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28 Condo sales are pending and awaiting close or lender approval. (Down by 3 condos from February)

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13 Condos Sold (Increased by 4 condos from February)

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The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  Current inventory is at an almost all time low.   Closed sales showed a good improvement for March.   Pending sales were off slightly.

The one month absorption rate for the March 2013, Jensen Beach Florida Market Report ZIP Code 34957 is 4.2 months.   This is now a seller’s market in Jensen Beach for condos.  Typically, a 6 month absorption rate is considered balanced, favoring neither the buyer or seller.

The March 2012 numbers were: 68 active listings, 26 pending sales and 8 condos closed.  Still a good showing for March 2013 when the lower inventory levels are considered.


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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, March 2013

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, March 2013

04.23.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, March 2013

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for March 2013

 For March 2013in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 119 active listings. (Up by 16 homes from last month)

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86 Residential sales are pending and awaiting close or lender approval. (Down 1 home from February)

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25 Homes Sold (Up by 8 homes from February)

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The Jensen Beach residential real estate market, zip code 34957 for March had very positive activity.   Inventory increased by a fair amount for march.  Sales were up and pending sales while off by one unit remain strong.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 4.8 months, a seller’smarket.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The March 2012 numbers were: 124 active listings, 102 pending sales and 36 home sales closed.  With inventory levels lower, our real estate activity is starting to suffer in Jensen beach as compared to last year.

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, March 2013

Palm City Florida Market Report ZIP Code 34990 – Condo, March 2013

04.22.13 by

Palm City Florida Market Report ZIP Code 34990 – Condo, March 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for March 2013

For March 2013 in the 34990 Zip Code area of Palm City, Florida :



There are currently 63 active condo listings. (Down by 6 condos from February)

9 Condo sales are pending and awaiting close or lender approval. (Increased by 2 condos from last month)

5 Condos Sold in March. (Up by 1 condo from February)

The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.  For March, the Palm City condo market activity had a small decrease in an already small inventory.  Sales were up and pending sales were also up.
The current absorption rate for condos in the 34990 zip code area is 13.8 months.  A very strong buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.
The March 2012 numbers were: 66 active listings, 2 pending sales and 3 closed sales.   Even with such small numbers, a considerably better performance in 2013 as opposed to last year.

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Palm City Florida Market Report ZIP Code 34990 – Condo, March 2013

Palm City Florida Market Report ZIP Code 34990 – Residential, March 2013

04.18.13 by

Palm City Florida Market Report ZIP Code 34990 – Residential, March 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for March 2013

For March 2013 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 398 active listings (A decrease of 10 homes from February)

180 Residential sales are pending and awaiting close or lender approval. (A decrease of 21 homes from last month)

68 Homes Sold in March (Decreased by 5 homes from February)

For the Palm City, zip code 34990, area of Martin County Florida the residential market activity showed some mixed results for spring.  Sales doubled for the month (after two months of decreased sales activity).  Pending sales were off after a strong month in February.  The inventory decreased again and is now significantly lower than in the past few years.

The current absorption rate stands at 6.375 months.   A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The March 2012 numbers were:  476 active listings, 202 pending sales and 47 closed sales.  Even with the lower inventory this tear, our current market activity compares favorably to last year.

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Palm City Florida Market Report ZIP Code 34990 – Residential, March 2013

Stuart Florida Market Report ZIP Code 34994 – Condo, March 2013

04.17.13 by

Stuart Florida Market Report ZIP Code 34994 – Condo, March 2013

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

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

There are currently 127 active condo listings (A drop of 7 condos from February).

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

13 Condos Sold in March (A decrease of 6 condos from February).

A fairly strong month for the Stuart Condo market for zip code 34994.   Pending sales increased from February.  Unfortunately closed sales were off.  And, the inventory continues to shrink.

The one month absorption rate rose to 10.3 months, which still signifies a buyers 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 March the numbers were 143 active listings, 44 pending sales, and 15 closed sales.  When the reduced inventory is considered, this year’s activity is better.

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Stuart Florida Market Report ZIP Code 34994 – Condo, March 2013

Stuart Florida Market Report ZIP Code 34996 – Condo, March 2013

04.16.13 by

Stuart Florida Market Report ZIP Code 34996 – Condo, March 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for March 2013

For March 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 184 active condo listings (Down 15 from last month).

59 Condo sales are pending and awaiting close or lender approval (A decrease of 3 condos from February).

42 Condos Sold in March (Up by 22 from February)

The Stuart Florida Market Report ZIP Code 34996 for Condos was very strong for March with more than double the number of sales from last month.   Along with the increased sales, inventory has now dropped again for the second consecutive month, after three months of small inventory gains.  Pending activity dropped slightly, but was still strong.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is 4.4 months.  This market has now shifted to a sellers market for march of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for March 2012 were: 199 active listings, 58 pending sales and 23 closed sales.  Considerably stronger sales activity this year.

Search here for Stuart Florida Real Estate for Sale ( Condos)

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Florida Market Report ZIP Code 34996 – Condo, March 2013