Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34997, Condo Sales for April 2011

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

There are currently 124 active condo listings (down 11 from last month).

23 Condo sales are pending and awaiting close or lender approval (up 5 from March).

9 Condos Sold in March (down 9 units from last month).

Sales of Condos were off for April in the 34997 area of Stuart Florida.  This is most likely a seasonal fluctuation.  The inventory continues to decline, which is a positive trend.  As supply shrinks, demand should rebound.

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for April 2011

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

There are currently 222 active condo listings (down 20 from last month).

35 Condo sales are pending and awaiting close or lender approval (up 1 from March).

15 Condos Sold in March (down 21 units from last month)

Condo sales in the Stuart 34996 zip code were down a significant amount from March, but pending sales remain strong as well as a continuing decline in inventory.  Typically, as we approach the off-season, we can expect slower activity in the condo market for the Stuart, Florida area.

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for April 2011

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

There are currently 148 active condo listings (up 4 from last month).

39 Condo sales are pending and awaiting close or lender approval. (a decrease of 11 from March)

26 Condos Sold in April (up 1 unit from last month).

Another solid month for condos in the 34994 zip code area of Stuart.  Pending sales are unfortunately off, most likely a reflection of the expected slower activity as we enter into the off-season for vacation home buyers in Martin County.  Inventory also grew slightly and remains troublesome (high).

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34997, Condo Sales for March 2011

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

There are currently 135 active condo listings (down 6 from last month).

18 Condo sales are pending and awaiting close or lender approval (down 6 from February).

18 Condos Sold in February (up 15 units from last month).

The 34997 area of Stuart Florida had a good March for sales. Inventory was also down slightly.  However, pending sales were off a bit.

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for March 2011

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

There are currently 144 active condo listings (up 3 from last month).

50 Condo sales are pending and awaiting close or lender approval. (an increase of 26 from February)

25 Condos Sold in March (up 22 units from last month).

After a very poor February, the condo market in Stuart for the 34004 zip code area, rebounded exceptionally well.

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Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for March 2011

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

There are currently 242 active condo listings (down 21 from last month).

34 Condo sales are pending and awaiting close or lender approval (down 12 from February).

36 Condos Sold in February (up 10 units from last month)

A second positive month for condo sales in the Stuart 34996 zip code.  The only negative is the decrease in pending sales, which may mean a seasonal slowdown is coming.