Stuart FL 34994 Condo Market Report November 2016

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Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

Stuart FL 34994 Condo Market Report November 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for November 2016

For November 2016 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 98 active condo listings (Up by 5 condos from October).

Stuart FL 34994 Condo Market Report November 2016

30 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month) 

Stuart FL 34994 Condo Market Report November 2016

20 Condos Sold in November (Up by 6 condos from October).

Stuart FL 34994 Condo Market Report November 2016

The Stuart FL 34994 Condo market showed improved sales as well as a continued strong pending activity for November.  A little bit of a surprise that this condo market has done well so late in the season.

The absorption rate for November dropped to 4.9 months compared to last month’s 6.5.  Moving back into a sellers’ market for this condo segment of Stuart’s 34994 zip code area.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last November the numbers were 96 active listings, 24 pending sales, and 13 closed sales.   Surprisingly a much improved market as compared to last November.  Typically the condo market picks up later in the year and the beginning f the following year.

Stuart FL 34994 Condo Market Report November 2016

Stuart, FL Real Estate

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Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34994 – Condo, November 2016

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Florida Martin County Stuart
Groups:
All Things Florida
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Tags:
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Rainmaker
2,831,626
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Hi Gabe --- are short sales still a part of the condo segment of the Stuart FL market?  

Dec 21, 2016 04:17 PM #1
Rainmaker
4,508,113
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Condo sellers will be in very good hands when they select you as their listing agent.

Dec 21, 2016 04:18 PM #2
Ambassador
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Gabe, that is quite a contrast in oer SF cost. Always interested in your reports since we spend more time in Jupiter.

Dec 21, 2016 04:39 PM #3
Rainmaker
1,076,007
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Gabe Sanders - Another great condo real estate market update for Stuart, FL area!

Dec 21, 2016 10:20 PM #4
Rainmaker
4,154,452
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for your comments, always appreciated.

Jan 20, 2017 06:11 PM #5
Rainmaker
4,154,452
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

For those interested, here’s a link for more information about Stuart FL real estate.

Jan 20, 2017 06:11 PM #6
Rainmaker
4,154,452
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

For more Market Reports visit my web site at: http://www.gabesanders.com/market-stats

Jan 20, 2017 06:11 PM #7
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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