Stuart Florida Market Report ZIP Code 34997 – Residential, December 2011

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2011

There are currently 522 active listings (a decrease of 5 homes from November).

176 Residential sales are pending and awaiting close or lender approval (A decrease of 22 homes from November).

78 Homes Sold in November (Up 36 homes from November)

A very strong month for December in the 34997 zip code area of Stuart Florida.  Sales almost doubled by the end of the year.  Inventory was down and the only negative report shows pending sales were down.

Compared to December of 2010, the inventory is down by approximately 50 homes or 10%.  Less supply should be a catalyst for greater demand.  Lower supply should also help stabilize prices.  There were 155 pending sales in 2010 compared to the 176 this year (Dec 2011) and there were 47 homes sold in Dec 2010 as compared to the 78 last month.  Very strong results that may very likely continue into 2012 as the economic outlook appears to be more positive.  With renewed optimism, I see a strong market in the future for the Stuart 34997 zip code area.

For more information, visit our website or call us at (772) 888-2885.
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Stuart Florida Market Report ZIP Code 34997 – Residential, November 2011

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2011

There are currently 527 active listings (an increase of 8 from October).

198 Residential sales are pending and awaiting close or lender approval (Up 5 from October).

42 Homes Sold in October (Down 5 from October)

Compared to October, the 34997 zip code area of Stuart Florida saw movement in the wrong direction, with inventory up for the second month in a row and both pending sales and closed sales off as well.   Of more interest, compared to November of 2010, inventory is up by about 100 homes, but sales are more than double and pending sales are almost triple last year’s numbers.

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Stuart Florida Market Report ZIP Code 34997 – Residential, October 2011

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2011

There are currently 519 active listings (an increase of 16 from September).

194 Residential sales are pending and awaiting close or lender approval (Up 13 from September).

47 Homes Sold in September (Down 13 from September)

October was a slow month for the 34997 zip code area of Stuart Florida.  Inventory increased for the second month in a row.  Sales were off also.  The only good news was an increase in pending sales.  Typically, October and the next few months have slower traffic and sales activity as many potential buyers and sellers are preoccupied with the holiday season.

It is interesting to note that those homes selling in under 90 days on the market continue to sell at 95% of the list price.  If a home is priced to market, it will sell in 90 days.

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Stuart Florida Market Report ZIP Code 34997 – Residential, September 2011

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for September 2011

There are currently 503 active listings (an increase of 19 from August).

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

60 Homes Sold in August (Up 4 from August)

Little change in pending and sales numbers for the 34997 Zip code area of Stuart Florida.  Sales up slightly and pending sales (sales under contract but not yet closed) are unchanged.  The most noticeable statistic in this Stuart Florida market report is that the inventory rose by 19 homes.  This is the first increase in quite some time. This increase in inventory is also attributable to many sellers trying to time the market as well as a reaction from recent relatively good sales for the past spring and summer seasons.  Most efforts to time the market, especially when made in relatively large numbers become self-defeating as in this trying market, this increase in inventory may just drive the market a bit lower. However, for buyers, especially those who can obtain financing, there hasn’t been a more attractive real estate market in decades.  There are some savvy buyers getting excellent deals for homes at prices equivalent to 10 or 11 years ago.

This will be an interesting season to watch!

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