Stuart FL 34997 Condo Market Report July 2015

Stuart FL 34997 Condo Market Report July 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2015

 

For July 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 38 active condo listings (Up by 3 condos from June).

Stuart FL 34997 Condo Market Report July 2015

12 Condo sales are pending and awaiting close or lender approval (Decreased by 7 condos from June).

Stuart FL 34997 Condo Market Report July 2015

10 Condos Sold in July (Decreased by 7 condos from June).

Stuart FL 34997 Condo Market Report July 2015

The Stuart FL condo market for zip code 34997 showed reduced closed and pending sales.  This was expected as we head into the slower summer months and also with such a low amount of available condos currently for sale.
The one month absorption rate increased to 3.8 months from 2 months for June.  Continuing as a strong seller’s market for now, though as we get into summer I expect this extreme market to ease up a bit.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The July 2014 numbers were: 61 active listings, 28 pending sales and 21 closed sales.   Our sales numbers are down compared to last year, but our inventory is only a little half of what it was last year as well.

Stuart FL 34997 Condo Market Report July 2015

Search for Stuart Condos for Sale by Price:

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2015

 

 

Stuart FL 34997 Condo Market Report June 2015

Stuart FL 34997 Condo Market Report June 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2015

 

For June 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 35 active condo listings (Down by 10 condos from May).

Stuart FL 34997 Condo Market Report June 2015

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

Stuart FL 34997 Condo Market Report June 2015

17 Condos Sold in June (Decreased by 5 condos from May).

Stuart FL 34997 Condo Market Report June 2015

The Stuart FL condo market for zip code 34997 continues to outperform the rest of the County in the condo market.  Though the inventory has dropped very significantly and this is reflecting on lower sales and pending sales volume.
The one month absorption rate remains the same as last month at 2 months.  Continuing as an extreme seller’s market for now, though as we get into summer I expect this extreme market to ease up a bit.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The June 2014 numbers were: 67 active listings, 28 pending sales and 15 closed sales.   The most dramatic statistic is that our current inventory of condos in the 34997 section of Stuart is just about 50% less than last year.

Stuart FL 34997 Condo Market Report June 2015

Search for Stuart Condos for Sale by Price:

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2015

 

 

Stuart FL 34997 Condo Market Report May 2015

Stuart FL 34997 Condo Market Report May 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2015

 

For May 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 45 active condo listings (Up by two condos from April).

Stuart FL 34997 Condo Market Report May 2015

21 Condo sales are pending and awaiting close or lender approval (Decreased by 9 condos from April).

Stuart FL 34997 Condo Market Report May 2015

22 Condos Sold in May (Increased by 4 condos from April).

Stuart FL 34997 Condo Market Report May 2015

The Stuart FL condo market for zip code 34997 continues to outperform the rest of the County in the condo market.  Though, inventory is becoming a huge issue.
The one month absorption rate is now a very striking 2 months after last months amazing 2.4 month rate.  Continuing as an extreme seller’s market for now, though as we get into summer I expect this extreme market to ease up a bit.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The May 2014 numbers were: 74 active listings, 32 pending sales and 28 closed sales.   Better volume last year, but there was almost double the amount of inventory.

Stuart FL 34997 Condo Market Report May 2015

Search for Stuart Condos for Sale by Price:

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2015

 

 

Stuart FL 34997 Condo Market Report April 2015

Stuart FL 34997 Condo Market Report April 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2015

 

For April 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 43 active condo listings (Unchanged from March).

1 active

30 Condo sales are pending and awaiting close or lender approval (Decreased by 1 condos from March).

2 pending

18 Condos Sold in April (Increased by 3 condos from March).

Stuart FL 34997 Condo Market Report April 2015

The Stuart FL condo market for zip code 34997 continues to be red hot.   The biggest issue is that we are down to a very small inventory of available condos.  Those that do come on the market sell quickly as you can see from the absorption rate below.
The one month absorption rate is now a very striking 2.4 months after last months amazing 2.9 month rate.  Continuing as an extreme seller’s market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The April 2014 numbers were: 83 active listings, 39 pending sales and 25 closed sales.   We are down to approximately half of last year’s inventory, yet pending and closed sales remain quite strong.

Stuart FL 34997 Condo Market Report April 2015

Search for Stuart Condos for Sale by Price:

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2015

 

 

Stuart FL 34997 Condo Market Report March 2015

Stuart FL 34997 Condo Market Report March 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

For March 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 43 active condo listings (Down by 1 condo from February).

Stuart FL 34997 Condo Market Report March 2015

31 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from February).

Stuart FL 34997 Condo Market Report March 2015

15 Condos Sold in March (Increased by 2 condos from February).

Stuart FL 34997 Condo Market Report March 2015

The Stuart FL condo market for zip code 34997 is showing very strong sales activity.  Unfortunately the available inventory of condos for sale is now very low and will impact future sales.  For this month, both closed and pending sales activity increased.
The one month absorption rate is now a very striking 2.9 months after last months amazing 3.4 month rate.  Continuing as an extreme seller’s market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The March 2013 numbers were: 90 active listings, 45 pending sales and 10 closed sales.   Strong activity as compared to last year, but with less than half of the available inventory of condos for sale in this zip code.

Stuart FL 34997 Condo Market Report March 2015

Search for Stuart Condos for Sale by Price:

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

 

Stuart FL 34997 Condo Market Report March 2015

Stuart FL 34997 Condo Market Report March 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

For March 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 43 active condo listings (Down by 1 condo from February).

Stuart FL 34997 Condo Market Report March 2015

31 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from February).

Stuart FL 34997 Condo Market Report March 2015

15 Condos Sold in March (Increased by 2 condos from February).

Stuart FL 34997 Condo Market Report March 2015

The Stuart FL condo market for zip code 34997 is showing very strong sales activity.  Unfortunately the available inventory of condos for sale is now very low and will impact future sales.  For this month, both closed and pending sales activity increased.
The one month absorption rate is now a very striking 2.9 months after last months amazing 3.4 month rate.  Continuing as an extreme seller’s market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The March 2013 numbers were: 90 active listings, 45 pending sales and 10 closed sales.   Strong activity as compared to last year, but with less than half of the available inventory of condos for sale in this zip code.

Stuart FL 34997 Condo Market Report March 2015

Search for Stuart Condos for Sale by Price:

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

 

Stuart FL 34997 Condo Market Report February 2015

Stuart FL 34997 Condo Market Report February 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2015

 

For February 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 44 active condo listings (Unchanged from January).

Stuart FL 34997 Condo Market Report February 2015

25 Condo sales are pending and awaiting close or lender approval (Increased by 8 condos from January).

Stuart FL 34997 Condo Market Report February 2015

13 Condos Sold in February (Increased by 2 condos from January).

Stuart FL 34997 Condo Market Report February 2015

The Stuart FL condo market for zip code 34997 continues to show very strong activity while inventory levels remain at uncomfortably low levels.  For February 2015, both closed and pending sales saw increase.
The one month absorption rate dropped again to 3.4 months after last months amazing 4 month rate.  Continuing as an extreme seller’s market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The February 2013 numbers were: 91 active listings, 37 pending sales and 9 closed sales.   We have less than half of last years’ condo inventory for the 34997 zip code area of Stuart FL.  Yest activity is almost as robust as last year.  This is a very strong market for sellers and prices are being driven up by demand while there’s little supply.

Stuart FL 34997 Condo Market Report February 2015

Search for Stuart Condos for Sale by Price:

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2015

 

 

Stuart FL 34997 Condo Market Report January 2015

Stuart FL 34997 Condo Market Report January 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2015

 

For January 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 44 active condo listings (Unchanged from December).

Stuart FL 34997 Condo Market Report January 2015

17 Condo sales are pending and awaiting close or lender approval (Increased by 2 condos from December).

Stuart FL 34997 Condo Market Report January 2015

11 Condos Sold in January (Increased by 6 condos from December).

Stuart FL 34997 Condo Market Report January 2015

The Stuart FL condo market for zip code 34997 has a much reduced inventory compared to the recent past.  Though, even with less to work with, both pending and closed sales increased for January.
The one month absorption rate plunged to 4 months after last months amazing 8.8.  Back into a very strong sellers market after a one month duration of a buyers market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The January 2013 numbers were: 104 active listings, 27 pending sales and 11 closed sales.   With less than half of last year’s inventory the 34997 zip code area of Stuart is doing quite well in sales.  Though, the low inventory will definitely effect future sales.

Stuart FL 34997 Condo Market Report January 2015

Search for Stuart Condos for Sale by Price:

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2015

 

 

Stuart FL 34997 Condo Market Report December 2014

Stuart FL 34997 Condo Market Report December 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2014

 

For December 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 44 active condo listings (Down by 7 condos from November).

Stuart FL 34997 Condo Market Report December 2014

15 Condo sales are pending and awaiting close or lender approval (Decreased by 10 condos from November).

Stuart FL 34997 Condo Market Report December 2014

5 Condos Sold in December (Decreased by 5 condos from November).

Stuart FL 34997 Condo Market Report December 2014

The Stuart FL condo market for zip code 34997 slowed considerably for the last month of 2014.  Both closed and pending sales were down.  The inventory also continues to decline to very low numbers.
 
The one month absorption rate rose to 8.8 months after last months amazing 5.1.  Back into a buyers market after many, many months of being a strong sellers market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The December 2013 numbers were: 88 active listings, 24 pending sales and 13 closed sales.  Down to exactly half of last years inventory.  We should see an increase in the coming months.

Stuart FL 34997 Condo Market Report December 2014

Search for Stuart Condos for Sale by Price:

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2014

 

 

Stuart FL 34997 Condo Market Report November 2014

Stuart FL 34997 Condo Market Report November 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2014

 

For November 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 51 active condo listings (Down by 7 condos from October).

Stuart FL 34997 Condo Market Report November 2014

25 Condo sales are pending and awaiting close or lender approval (Increased by 5 condos from October).

Stuart FL 34997 Condo Market Report November 2014

10 Condos Sold in November (Decreased by 11 condos from October).

Stuart FL 34997 Condo Market Report November 2014

The Stuart FL condo market for zip code 34997 showed some mixed signals for November of 2014.  Closed sales plunged after a very good month in October, while there was a nice increase in pending sales.The inventory continued to decline.
 
The one month absorption rate rose to 5.1 months after last months amazing 2.8.  Still a sellers market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The November 2013 numbers were: 91 active listings, 12 pending sales and 6 closed sales.  With almost 50% lower inventory, this market continues to outperform that of 2013.

Stuart FL 34997 Condo Market Report November 2014

Search for Stuart Condos for Sale by Price:

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2014

 

 

Stuart FL 34997 Condo Market Report October 2014

Stuart FL 34997 Condo Market Report October 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2014

 

For October 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 58 active condo listings (Down by 2 condos from September).

Stuart FL 34997 Condo Market Report October 2014

20 Condo sales are pending and awaiting close or lender approval (Decreased by 10 condos from September).

Stuart FL 34997 Condo Market Report October 2014

21 Condos Sold in October (Increased by 12 condos from September).

Stuart FL 34997 Condo Market Report October 2014

The Stuart FL condo market for zip code 34997 continues with strong activity for October of 2014.  Closed sales increased by more than 50% from last month.  Unfortunately, pending sales were off, while the inventory too a small drop.

The one month absorption rate dove to 2.8  months from last months 6.7.  Back into a sellers market after last months balanced market.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The October 2013 numbers were: 91 active listings, 17 pending sales and 19 closed sales.  Even with the considerably lower inventory, this segment of the Stuart condo market is markedly outperforming last year’s activity.

Stuart FL 34997 Condo Market Report October 2014

Search for Stuart Condos for Sale by Price:

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2014

 

 

Stuart FL 34997 Condo Market Report September 2014

Stuart FL 34997 Condo Market Report September 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2014

 

For September 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 60 active condo listings (Up by 5 condos from August).

Stuart FL 34997 Condo Market Report September 2014

30 Condo sales are pending and awaiting close or lender approval (Increased by 3 condos from August).

Stuart FL 34997 Condo Market Report September 2014

9 Condos Sold in September (Decreased by 5 condos from August).

Stuart FL 34997 Condo Market Report September 2014

The Stuart FL condo market for zip code 34997 continues with strong activity for September of 2014.  Closed sales were off for this month but there were increases in both inventory and pending sales which is a signal for further improvements in the future.  After some very strong results in the past few months we are back into a more sustainable market.

The one month absorption rate rose to 6.7  months from last months 3.9.  Back into a balanced market after a couple of months of extreme sellers advantage.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The September 2013 numbers were: 76 active listings, 28 pending sales and 7 closed sales.  Even with the reduced inventory as compared to last year, this segment of the Stuart condo market is outperforming last year’s activity.

Stuart FL 34997 Condo Market Report September 2014

Search for Stuart Condos for Sale by Price:

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2014

 

 

Stuart FL 34997 Condo Market Report August 2014

Stuart FL 34997 Condo Market Report August 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2014

 

For August 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 55 active condo listings (Down by 6 condos from July).

Stuart FL 34997 Condo Market Report August 2014

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

Stuart FL 34997 Condo Market Report August 2014

14 Condos Sold in August (Decreased by 7 condos from July).

Stuart FL 34997 Condo Market Report August 2014

Better activity for the Stuart FL condo market for zip code 34997 in August of 2014.  Interestingly this segment of the Stuart condo market is the only one with a decrease in inventory for August.  Pending and closed sales were off for August, though it was an unusually strong July and this market is retuning to a more sustainable level.

The one month absorption rate rose to 3.9  months from last months 2.9.  Still a hot sellers market.   A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The August 2013 numbers were: 81 active listings, 22 pending sales and 11 closed sales.  2014 continues to outperform the 2013 market activity.

Stuart FL 34997 Condo Market Report August 2014

 
 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2014

 

 

Stuart FL 34997 Condo Market Report July 2014

Stuart FL 34997 Condo Market Report July 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2014

 

For July 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 61 active condo listings (Down by 6 condos from June).

Stuart FL 34997 Condo Market Report July 2014

 

28 Condo sales are pending and awaiting close or lender approval (Unchanged from June).

Stuart FL 34997 Condo Market Report July 2014

 

21 Condos Sold in July (Increased by 6 condos from June).

Stuart FL 34997 Condo Market Report July 2014

 

Better activity for the Stuart FL condo market for zip code 34997 in July of 2014.  Interestingly this segment of the Stuart condo market is the only one with a decrease in inventory for July.  Pending sales remained strong and closed sales increased.

The one month absorption rate dropped to 2.9  months from last months 4.7.  A very hot sellers market.   A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The July 2013 numbers were: 80 active listings, 31 pending sales and 12 closed sales.  2014 continues to show better results than last July.

Stuart FL 34997 Condo Market Report July 2014

 
 
 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2014

 

 

Stuart FL 34997 Condo Market Report June 2014

Stuart FL 34997 Condo Market Report June 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2014

 

For June 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 67 active condo listings (Down by 7 condos from May).

Stuart FL 34997 Condo Market Report June 2014

 

28 Condo sales are pending and awaiting close or lender approval (Down by 4 condos from May).

Stuart FL 34997 Condo Market Report June 2014

 

15 Condos Sold in June (Decreased by 13 condos from May).

Stuart FL 34997 Condo Market Report June 2014

 

A considerable easing of activity for the Stuart FL condo market for zip code 34997 in June of 2014.  If you read my previous market reports for this segment of the Martin County market, this was not unexpected as pending sales have been decreasing over the past few months and continued to do so in June.  Both closed sales as well as available inventory also continue to decrease.  Though, this is still a very active market.  It’s just that the super strong Spring activity is not sustainable for this area for the summer.

The one month absorption rate is now 4.7  months from last months 2.6.  Still in a sellers market.   A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The June 2012 numbers were: 77 active listings, 32 pending sales and 8 closed sales.  Continuing to be a better market tha last year and slowly getting back into a more sustainable activity level.

Stuart FL 34997 Condo Market Report June 2014

 
 
 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2014

 

 

Stuart FL 34997 Condo Market Report May 2014

Stuart FL 34997 Condo Market Report May 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2014

 

For May 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 74 active condo listings (Down by 9 condos from April).

Stuart FL 34997 Condo Market Report May 2014

32 Condo sales are pending and awaiting close or lender approval (Down by 7 condos from April).

Stuart FL 34997 Condo Market Report May 2014

28 Condos Sold in May (Increased by 3 condos from April).

Stuart FL 34997 Condo Market Report May 2014

Another month of increased closed sales for the Stuart FL condo market for zip code 34997.  Unfortunately, this is probably not going to continue at this strong of a pace.  The inventory continues to decline along with another monthly drop in pending sales.  A pretty strong indicator of decreasing future activity.

The one month absorption rate is now 2.6  months from last months 3.3.  A very strong sellers market.   A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The May 2012 numbers were: 87 active listings, 30 pending sales and 17 closed sales.   Better activity for this year as compared to last, and this market remains very strong.  Just possibly a little to strong to be sustainable for the long run.

Stuart FL 34997 Condo Market Report May 2014

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2014

 

 

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code April 2014

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code April 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2014

 

For April 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 83 active condo listings (Down by 7 condos from March).

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code April 2014

39 Condo sales are pending and awaiting close or lender approval (Down by 6 condos from March).

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code April 2014

25 Condos Sold in April (Increased by 10 condos from March).

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code April 2014

An excellent month for closed sales for the Stuart FL condo market for zip code 34997.  Unfortunately, pending sales dropped for April indicating a possible slowdown of closed sales in the months ahead, though it’s still relatively strong.  Inventory also decreased and is once again at a fairly low value.

The one month absorption rate plunged to 3.3 months from last months 9.  A very dramatic sellers market.   A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The April 2012 numbers were: 101 active listings, 29 pending sales and 34 closed sales.   Closed sales were considerably better last year, but the greater number of pending sales might indicate better closed activity coming in the near future.

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code April 2014

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2014

 

 

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code March 2014

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code March 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2014

 

For March 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 90 active condo listings (Down by 1 condo from February).

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code March 2014

45 Condo sales are pending and awaiting close or lender approval (Up by 8 condos from February).

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code March 2014

10 Condos Sold in March (Increased by 1 condo from February).

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code March 2014

After two consecutive months of decreasing closed sales, there was a small increase in March for the Stuart FL condo market for zip code 34997.  Inventory dropped by 1 unit, basically remaining unchanged.  Pending sales were up nicely by 8 condos, making a good possibility for future closed sales.

The one month absorption rate decreased to 9 months from last months 10.1.  Better, but still a buyers market for condo sales in the 34997 zip code area of Stuart.   A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.  

The March 2012 numbers were: 103 active listings, 39 pending sales and 16 closed sales.   Closed sales were considerably better last year, but the greater number of pending sales might indicate better closed activity coming in the near future.

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code March 2014

 
 
 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2014

 

 

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code February 2014

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code February 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2014

 

For February 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 91 active condo listings (Down by 13 condos from January). Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code February 2014

 

37 Condo sales are pending and awaiting close or lender approval (Up by 10 condos from January).

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code February 2014

 

9 Condos Sold in February (Decreased by 2 condos from January).

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code February 2014

A second month in a row with a small drop in closed sales for the Stuart FL condo market for zip code 34997.  Inventory retreated from last months gain and a sizable increase in pending sales, which will hopefully show stronger closed sales in the coming months.

The one month absorption rate increased to 10.1 months from last months 9.5.  Remaining in a buyers market.   A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.  

The February 2012 numbers were: 102 active listings, 36 pending sales and 8 closed sales.   Very similar numbers to the February 2013 market activity.

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code February 2014

 
 
 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2014

 

 

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code January 2014

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code January 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2014

 

For January 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 104 active condo listings (Up by 16 condos form December).

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code January 2014

27 Condo sales are pending and awaiting close or lender approval (Up by 3 condos from December).

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code January 2014

11 Condos Sold in January (Decreased by 2 condos from December).

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code January 2014

A small drop in closed sales for the Stuart FL condo market for zip code 34997 for the month of January.  A small increase in pending sales and a fairly significant jump in inventory,

The one month absorption rate increased to 9.5 months from last months 6.8.  Back into a buyers market again.   A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.  

The January 2012 numbers were: 106 active listings, 22 pending sales and 3 closed sales.   Very similar numbers to the beginning of 2013, just slightly off in pending sales while better closed sales numbers.

Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code January 2014
 
 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2014