Stuart FL 34997 Condo Market Report May 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 34997 Condo Market Report May 2018

STUART REAL ESTATE Snapshot for ZIP Code 34997, Condo Sales for May 2018

For May 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 50 active condo listings (Down by 7 condos from April).

Stuart FL 34997 Condo Market Report May 2018

26 Condo sales are pending and awaiting close or lender approval (Up by 7 condos from April).

Stuart FL 34997 Condo Market Report May 2018

17 Condos Sold in May (Increased by 8 condos from April).

Stuart FL 34997 Condo Market Report May 2018

      The Stuart FL condo market for zip code 34997 showed strong activity for May.  Both pending and closed sales improved from last month, while we remain in great need of more condos available to purchase (inventory) in this area of Stuart FL.

     The absorption rate plunged to 2.9 months in May compared to 6.3 months for April.  Back into a strong seller’s market for the 34997 zip code of Stuart FL.  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 2017 numbers were: 61 active listings, 22 pending sales, and 37 closed sales.  Better sales activity last year even though pending sales were a bit stronger this year.  This is all with a reduced number of condos available for sale

Stuart FL 34997 Condo Market Report May 2018

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Stuart FL 34997 Condo Market Report May 2018

 

 

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Topic:
Real Estate Market Trends
Location:
Florida Martin County Stuart
Groups:
Market Reports
Advice for Sellers
Advice for Buyers
City and State Community & Marketing Reports
2018 Market Reports
Tags:
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Ambassador
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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Great market snapshot Gabe Sanders for Stuart Florida .  If I had a client for this area I would refer them to you

Jul 02, 2018 05:20 PM #1
Rainmaker
638,342
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good day 

Thank you for sharing your information with us and congratulations on your new listing.

Have a great day. 

Jul 02, 2018 05:25 PM #2
Ambassador
3,343,154
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Gabe- I know that buyers and sellers in Stuart will appreciate this market report for condos in Stuart. 

Jul 02, 2018 06:17 PM #3
Ambassador
2,749,438
Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Your Stuart Florida condo market report for May 2018 has so much information I'm still reading it Gabe!

Jul 02, 2018 08:37 PM #4
Rainmaker
4,655,997
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

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

Jul 03, 2018 06:20 AM #5
Rainmaker
1,107,165
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Market report shows how well Gabe knows the market and willing to share it with the prospective buyers and sellers.

Jul 03, 2018 06:31 AM #6
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Gabe Sanders

Stuart Florida Real Estate
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