Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for August 2011

For August 2011 in the 34994 Zip Code area of Stuart, Florida :
(August data is compared to June since there was a problem compiling July data)

There are currently 84 active listings (Up 5 from June).

27 Residential sales are pending and awaiting close or lender approval (Down 9 from last June).

5 Homes Sold in August (Down 5 from June and down 7 from July’s 12 sales)

Unfortunately a very poor report for the 34994 zip code area of Stuart Florida.  The bad trend in all three categories.  Inventory has risen for the first time in years, pending and sales both off.

With the latest poor economic news as well as a seeming political deadlock in Washington, consumer confidence has once again dropped and we are seeing a marked decrease in sales in the mid to upper range in the Martin County real estate market.  The latest sales (which show some good results) were mainly initiated prior to the more current news as typically real estate sales typically take from one to three months to close.

Interestingly enough, neighboring zip codes 34997 and 34996 had positive results for the last two months.

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for August 2011

For August 2011 in the 34997 Zip Code area of Stuart, Florida :

(August data is compared to Jun since there was a problem compiling July data)

There are currently 484 active listings (down an impressive 44 from June).

181 Residential sales are pending and awaiting close or lender approval (up 17 from June).

56 Homes Sold in June (down 4 from June, but up from 44 homes closed in July)

Fairly strong results for the 34997 zip code area of Stuart, Florida as sales were strong and represented a good cross-section of available price ranges.  Pending sales also remain strong as inventory has declined further.

Even with the latest poor economic news, the market in this Stuart zip code seems to be doing well compared to some neighbors and certain communities with very low inventory have seen some slight price increases.

Stuart, FL Real Estate

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
  • Residential Properties for Sale in Stuart, Florida Between $1,500,000 – $2,000,000
  • Residential Properties for Sale in Stuart, Florida Between $2,000,000 – $2,500,000
  • Residential Properties for Sale in Stuart, Florida Between $2,500,000 – $3,000,000
  • Residential Properties for Sale in Stuart, Florida Between $3,000,000 – $3,500,000
  • Residential Properties for Sale in Stuart, Florida Between $3,500,000 – $4,000,000
  • Residential Properties for Sale in Stuart, Florida Between $4,500,000 – $5,000,000
  • Residential Properties for Sale in Stuart, Florida Between $5,000,000 – $5,500,000
  • Residential Properties for Sale in Stuart, Florida Between $5,500,000 – $6,000,000
  • Residential Properties for Sale in Stuart, Florida Between $6,500,000 – $7,000,000
  • Residential Properties for Sale in Stuart, Florida Between $7,000,000 – $7,500,000
  • Residential Properties for Sale in Stuart, Florida Between $7,500,000 – $8,000,000
  • Residential Properties for Sale in Stuart, Florida Between $9,500,000 – $10,000,000
  • Residential Properties for Sale in Stuart, Florida Between $13,500,000 – $14,000,000
  • Residential Properties for Sale in Stuart, Florida Between $19,500,000 – $20,000,000

Condominium Properties

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

Vacant Land Properties

• • Vacant Land Properties for Sale in Stuart, Florida Between $0 – $500,000
  • Vacant Land Properties for Sale in Stuart, Florida Between $500,000 – $1,000,000
  • Vacant Land Properties for Sale in Stuart, Florida Between $1,000,000 – $1,500,000
  • Vacant Land Properties for Sale in Stuart, Florida Between $1,500,000 – $2,000,000
  • Vacant Land Properties for Sale in Stuart, Florida Between $2,500,000 – $3,000,000

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

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Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for August 2011

For August 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 160 active listings (down 7 from June).

28 Residential sales are pending and awaiting close or lender approval (down 5 from June).

9 Homes Sold in August(up 3 from June and down from a solid 17 sales in July).

After a solid 17 sales in July, only 9 homes closed in August for the 34996 zip code area of Stuart Florida.  With the latest poor economic news as well as a seeming political deadlock in Washington, consumer confidence has once again dropped and we are seeing a marked decrease in sales in the mid to upper range in the Martin County real estate market.  The latest sales (which show some good results) were mainly initiated prior to the more current news as typically real estate sales typically take from one to three months to close.

On the brighter side, the inventory continues to decrease.  Not a great amount of foreclosure sales of any significance have come on the market. Short sales continue to be numerous but for the most part, the lenders are cooperating much more aggressively and they seem to be closing quicker and with greater frequency.

With any uptick in the economic news, there should be a pretty good run on residential real estate as there is some pent-up demand with homes being at historically affordable levels.  If this demand is not met with increasing inventory levels, prices should remain steady and could conceivably rise a little for the most attractive properties.