Stuart FL 34994 Condo Market Report April 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 April 2018 

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

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

There are currently 97 active condo listings (Down by 30 condos from March).

Stuart FL 34994 Condo Market Report April 2018

75 Condo sales are pending and awaiting close or lender approval. (Increased by 8 condos from last month) 

Stuart FL 34994 Condo Market Report April 2018

28 Condos Sold in March (Increased by 2 condos from March).

Stuart FL 34994 Condo Market Report April 2018

The Stuart FL 34994 Condo market lost a significant amount of inventory with bery strong sales and pending activity for the month.

The absorption rate for March dropped to 3.5 months compared to last month’s 4.9.  Even a stronger seller’s market for this condo segment of Stuart’s 34994 zip code area after one month of a seller’s market.  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 April the numbers were 90 active listings, 31 pending sales, and 29 closed sales.  Considerably greater pending activity for this year.

Stuart FL 34994 Condo Market Report April 2018

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Stuart FL 34994 Condo Market Report April 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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Rainer
139,298
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

Very interesting to see the spread on the min and max prices. I know there is probably no comparison, but I think I could take a $15,000 property just about anywhere, especially in Stuart.

May 18, 2018 03:11 PM #1
Rainmaker
1,363,115
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Thank you for keeping us posted and up to date. Best of luck!

May 18, 2018 03:33 PM #2
Rainmaker
1,396,555
Yolanda Cordova-Gilbert
Sitterle Homes - Richmond, TX
Sitterle Homes

Gabe,

 Another well written post by you about your local area you know your areas very well and keep on top of them as they constatly change!

May 18, 2018 03:41 PM #3
Ambassador
2,672,434
Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

 No one does a market report for Stuart Florida with the detail that you do Gabe..

May 18, 2018 07:34 PM #4
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

You are the agent witht he answer on the Sturat FL condo market, Gabe. Have a wonderful weekend.

May 18, 2018 07:45 PM #5
Rainmaker
4,552,751
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.

May 19, 2018 06:53 AM #6
Rainmaker
2,855,323
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Hi Gabe - it is always inetesting to see the "spread" in numbers- - - keep the reports coming.

May 19, 2018 03:11 PM #7
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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