Stuart FL 34997 Condo Market Report May 2014

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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 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

 

 

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Topic:
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Location:
Florida Martin County Stuart
Groups:
All Things Florida
City and State
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Advice for Sellers
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Tags:
condo
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market report
sold
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stuart florida real estate
snapshot
34997
stuart florida condos for sale

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Rainmaker
1,989,444
Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Gabe, always enjoy viewing informatinon other communities.  Thanks for sharing.

Jun 17, 2014 04:39 AM #1
Rainmaker
1,296,255
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Gabe~ nicely done! I love the way you provide "buyers/sellers" valuable information 

Jun 17, 2014 05:10 AM #2
Rainmaker
986,118
Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

Gabe Sanders, glad to see another Stuart, Florida Condo Market Report for 2014.

Jun 17, 2014 07:17 AM #3
Rainmaker
3,504,453
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Gabe -- your consistent market updates underscore your value as terrific real estate source for both buyers and sellers in the always changing world of real estate.

Jun 17, 2014 07:22 AM #4
Rainmaker
2,302,875
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Gabe. Some really good positive numbers for this community, how they continue moving in the right direction. Nice job with your report.

Jun 17, 2014 07:38 PM #5
Rainmaker
4,432,583
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Gabe, Thank you for sharing the conod market report . Have a good day.

Jun 17, 2014 08:09 PM #6
Rainmaker
4,798,020
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for stopping by and taking the time to comment.  For more information, please visit GabeSanders.com.

Mar 03, 2015 05:59 AM #7
Rainmaker
4,798,020
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

Mar 01, 2016 03:51 AM #8
Rainmaker
4,798,020
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.

Mar 01, 2016 03:51 AM #9
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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