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Stuart FL 34994 Condo Market Report August 2018

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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 August 2018 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for August 2018

For August 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 77 active condo listings (Down by 7 condos from July).

Stuart FL 34994 Condo Market Report August 2018

60 Condo sales are pending and awaiting close or lender approval. (Increased by 3 condos from last month) 

Stuart FL 34994 Condo Market Report August 2018

16 Condos Sold in August (Unchanged from July).

Stuart FL 34994 Condo Market Report August 2018

The Stuart FL 34994 Condo market remains a strong market with a strong number of pending sales.  This should result in some strong sales in the coming months.

The absorption rate for August dipped to 4.8 months compared to last month’s 5.3.  Remaining in a seller’s market for this condo segment of Stuart’s 34994 zip code area but drifting towards a balanced one.  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 August the numbers were 70 active listings, 30 pending sales, and 21 closed sales.  Pending sales remain much stronger than last year while the closed sales were lower.

Stuart FL 34994 Condo Market Report August 2018

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Stuart FL 34994 Condo Market Report August 2018 

 

Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

This is valuable information for sellers and buyers in Stuart, FL. Hope you are having a good week.

Sep 25, 2018 05:17 PM
Joyce Marsh
Joyce Marsh Real Estate LLC - Daytona Beach, FL
Joyce Marsh Homes

Thanks for updating us on what’s happening to current home and condo values in your real estate market Gabe. 

Sep 26, 2018 01:06 AM
Roy Kelley
Retired - Gaithersburg, MD

Families on the move will certainly appreciate your local market reports.

Sep 26, 2018 01:32 PM
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 website for a complete list of current and past market data.

Oct 07, 2018 05:47 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for reading, here’s a link for more information about Martin County FL real estate.

Oct 07, 2018 05:47 AM
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.

Oct 07, 2018 05:48 AM
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. It’s always good to hear from you.

Oct 07, 2018 05:48 AM