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

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

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

 

There are currently 365 active listings (an increase of 33 homes from August).

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178 Residential sales are pending and awaiting close or lender approval (A decrease of 17 homes from August).

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50 Homes Sold in August (Down 32 homes from August)

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After a really good August for the 34997 zip code area of Stuart Florida, numbers were off for September.  A significant jump in inventory, possibly signalling more homes coming on the market for the season as some recent good market news may have some sellers that have delayed their sales decision coming back on the market.  Unfortunately, both pending and closed sales were off.  Possibly this is more a reflection of the off season as opposed to a waning demand.
 
The current one month absorption rate is just over 7 months, which indicates that we’ve slipped into a buyers market (compared to last month’s 4 month absorption rate)..   Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.
 
The 2011 numbers were: 503 active listings, 181 pending listings and 60 closed sales.
 
 

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

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

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

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

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

 

There are currently 198 active condo listings (Up 8 from last month).

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28 Condo sales are pending and awaiting close or lender approval (an increase of 9 condos from August).

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8 Condos Sold in September (Down 4 from August)

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The Stuart Florida Market Report ZIP Code 34996 for Condos showed its first increase in inventory in some time.  Future sales (pending listings) took a nice jump up to 28 condos while sales were off to only 8 sold condos.  Not an unexpected number considering we are in the off season for condo sales.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is just under 24 months.  Not a very good number for sellers, but a great opportunity for buyers.  I expect this absorption rate to decrease in the coming months if the strong pending numbers hold up.

The numbers for September 2011 were: 188 active listings, 27 pending sales and 18 closed sales.  Very similar numbers to the current market.

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

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

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

 

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

 

 

For September, 2012 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 154 active listings (Decreased 12 homes from August).

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34 Residential sales are pending and awaiting close or lender approval (Unchanged from August).

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7 Homes Sold in September (Up 1 from August).

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The 34996 zip code area of Stuart Florida showed a small increase in sales for September.  Pending sales were unchanged from last month while inventory remained decreased again.  Good results when considering that this is our off season.  The one month absorption rate for the 34996 zip code area of Stuart Florida for September is 22 months, which still has plenty of room for improvement.  A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for September of 2011 were: 177 active listings, 23 pending sales and 12 closed sales.  With the exception of the closed sales, our peding numbers are much better than last year with a considerably lower inventory.

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

Stuart Florida Market Report ZIP Code 34994 – Residential, September 2012

Stuart Florida Market Report ZIP Code 34994 – Residential, September 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for September 2012

For September, 2012 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 61 active listings (Up 3 from August).

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37 Residential sales are pending and awaiting close or lender approval (Down 1 from August).

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12 Homes Sold in September (Down 2 homes from August)

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The 34994 ZIP code area of the Stuart, Florida real estate market activity continues to show good strength even though the inventory is now down to very low levels.  Both sales and pending sales declined slightly for September.  However, the inventory rose by a modest 3 homes.

The one month absorption rate for this zip code is just over 5 months, which still signifies a sellers market.  Still an excellent time for those wishing to place their homes on the market for sale.  The September 2011 numbers were 71 Active Listings, 36 pending sales and 7 closed sales.

 

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the Gabe Sanders real estate team

 

Stuart, FL Real Estate

Rental Properties

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Vacant Land Properties

Commercial Properties

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Stuart Florida Market Report ZIP Code 34994 – Residential, September 2012

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

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

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

For September, 2012 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 142 active condo listings (Down 1 condo from August).

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

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12 Condos Sold in September (Decreased by 1 condo from August).

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Continued strong results for the Stuart Condo market for zip code 34994 even during our off season.  Sales were off by 1 unit while pending sales were up an additional 2 condos and the available inventory continues to decrease.  The one month absorption rate is at 11.8 months, which still signifies a buyers market.  And, it appears that the buyers are indeed buying, even during the typically slower condo season.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither a buyers or sellers market.

Last September the numbers were 132 active listings, 45 pending sales, and 18 closed sales.  There is still room for improvement in this segment of the Stuart Florida condo market.

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