Stuart Florida Market Report ZIP Code 34997 – Condo, March 2012

Stuart Florida Market Report ZIP Code 34997 – Condo, March 2012

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2012

 

For March 2012 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 109 active condo listings (An decrease of 3 condos form February).

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40 Condo sales are pending and awaiting close or lender approval (Up 6 condos from February).

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14 Condos Sold in June (An increase of 6 condos from February).

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After  treading water in February the march results for the Stuart condo market for the area in ZIP code 34997 showed gains in all three major market stats.  Inventory decreased, pending and closed sales were both up. Considering the fairly low number of available properties, these are good solid results.
Last years numbers were 135 active listings, 18 pending sales and 18 closed sales.  Other than a slightly fewer closed sales, we are doing much better in the Condo market for the 34997 zip code area of Stuart, Florida.

 

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2012

 

 

Stuart Florida Market Report ZIP Code 34997 – Residential, March 2012

Stuart Florida Market Report ZIP Code 34997 – Residential, March 2012

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for March 2012

 

There are currently 428 active listings (A decrease of 43 homes from February).

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263 Residential sales are pending and awaiting close or lender approval (An increase of 21 homes from February).

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61 Homes Sold in February (Up 1 homes from February)

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Another positive month for the 34997 zip code area of Stuart Florida.  This segment of the martin County real estate market is just HOT!  Inventory took a huge drop again in March while pending sales also rose significantly and closed sales remained steady with a significant number of sold homes.  There is an exceptionally large number of contingent sales (pendings) that are awaiting lender approval in the form of short sales.  Hopefully, the majority of these will receive approval and close.  It is significant to note that the active inventory has decreased by over 100 homes in the past two months, representing a close to 25% drop in active listings!
Compared to March of 2011, when there were 606 active listings, 197 pending sales and 77 closed sales, the 34997 area code for Stuart, Florida continues to show great improvement with considerably improved numbers, even with less inventory available.

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Stuart Florida Market Report ZIP Code 34997 – Residential, March 2012

Stuart Florida Market Report ZIP Code 34996 – Condo, March 2012

Stuart Florida Market Report ZIP Code 34996 – Condo, March 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for March 2012

For March 2012 in the 34996 Zip Code area of Stuart, Florida :

 

There are currently 199 active condo listings (Down 8 from last month).

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58 Condo sales are pending and awaiting close or lender approval (An increase of 15 condos from February).

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23 Condos Sold in March (An increase of 13 condos from February)

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The inventory continues to decline in the Stuart condo market for the area in ZIP code 34996.  Sales activity remained steady with only 2 less sales compared February and pending sales took a nice jump by 18 units.  Very strong signs for this segment of the market.  There was a fairly good mix of both Island units as well as some of the lesser priced senior condos on the mainland selling last month.

Compared to the end of last year in March of 2011, the numbers were 242 active listings, 34 pending sales and 36 closed sales.  While closed sales were off from last year, the mix of sales show a higher number of more expensive Island Condos as well as the fact that there are approximately 20% fewer units actively for sale at this time.

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Stuart Florida Market Report ZIP Code 34996 – Condo, March 2012

Stuart Florida Market Report ZIP Code 34996 – Residential, March 2012

Stuart Florida Market Report ZIP Code 34996 – Residential, March 2012

 

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for March 2012

 

 

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

There are currently 165 active listings (Down 18 from February).

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36 Residential sales are pending and awaiting close or lender approval (Up 1 from February).

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22 Homes Sold in March (Up 14 from February).

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The 34996 zip code area of Stuart Florida showed very strong sales activity in March.  Pending sales also remained steady and the inventory declined further in a continued positive trend for this section of the residential single family market in Stuart, Florida.  The current absorption rate is under 8 months and is only a small number away from a balanced market.  When factoring in the distressed sales, this is an impressive result for March.

Comparing the numbers to March of 2011, there were 201 active listings, 31 pending sales and 8 closed sales.  This March’s activity is considerably better than last year, especially when one considers that there were almost 25% fewer homes available for sale on the market.  Impressive results!

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the Gabe Sanders real estate team

Stuart Florida Market Report ZIP Code 34996 – Residential, March 2012

Stuart Florida Market Report ZIP Code 34994 – Condo, March 2012

Stuart Florida Market Report ZIP Code 34994 – Condo, March 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for March 2012

For March, 2011 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 143 active condo listings (Down by 5 condos from February).

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44 Condo sales are pending and awaiting close or lender approval. (Down 2 from last month)

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15 Condos Sold in March (Unchanged from February).

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The Stuart Condo market for zip code 34994 showed continued momentum in March with very similar numbers from the previous month. Of note, is the fact that the inventory continues to decline while sales and pendings remained steady.

In March of 2011 the numbers were: Active – 144, Pending – 50 and Sales – 25.  Compared to last year, we are slightly below expectations.

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the Gabe Sanders real estate team

Stuart Florida Market Report ZIP Code 34994 – Condo, March 2012