Stuart, FL Real Estate News

By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Riverwood Condos Indian River Plantation January 2018 Market ReportThere are currently no condos for sale in the Riverwood Condos of Indian River Plantation.There are no condos currently under contract.In the past 12 months, 3 condos have sold in Riverwood.  Sales prices ranged from $220,000 up to $375,000for an average sales price of $301,667 which equals $222.15 per sq. ft. of living area. These condos were on the market for an average of 40 days before going under contract and sold for 96% of list price.About Riverwood Condos in Indian River Plantation:The Riverwood condos of Hutchinson Island in the Indian River Plantation complex of Stuart consist of 12 smaller two-story buildings close to the Marriott Resort and full-service marina in Indian River Plantation.  These condos were co...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Edgewater Villas Condominiums January 2018 Market ReportFor January 2018 there are no condos available for sale in the Edgewater Villas of Stuart FL.There is one unit under contract at this time.  This condo was listed for $385,000 which is $246.64 per sq. ft. of living area.  This condo was on the market for 1 day before going under contract.In the past 12 months, 2 Edgewater Villas condos have sold.  The sales prices were $335,000 and $340,500 for an average sales price of $337,750 which equals $216.37 per sq. ft. of living area.  These condos sold for an average of 987 of list price and went under contract after an average of 56 days on the market.About the Edgewater Villas Condominiums:Just west of Historic Downtown Stuart and on the shores of the Saint Lucie River lies the Edgewate...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Circle Bay Waterfront Condos Stuart FL January 2018 Market Report As of January 2018, there are 12 condos for sale in the Circle Bay Yacht Club of Stuart FL.   Listing prices range from $129,000 up to $269,900.  The average listing price $186,749 which equals a price per square foot of living area of $181.70. There is one Circle Bay condo under contract and awaiting close.  The list price was $165,000 or $164.84 per sq. ft. of living area.  This condo was on the market for 28 days before going under contract. In the past 12 months, 23 Circle Bay Waterfront Condos have sold.  Sales prices ranged from a low of $116,000up to $245,000 for an average sales price of $175,448 which is $170.98 per sq. ft.  These condos sold for an average of 95% of the last listed price and in an average of 85...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Stuart FL 34997 Condo Market Report December 2017 Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2017 For December 2017 in the 34997 Zip Code area of Stuart, Florida: There are currently 57 active condo listings (Unchanged from November). 17 Condo sales are pending and awaiting close or lender approval (Unchanged from November). 19 Condos Sold in December (Increased by 9 condos from November).       The Stuart FL condo market for zip code 34997 continues with very strong activity even though the inventory is now down which may be reflected in the lower pending sale numbers.      The absorption rate decreased to 3.0 months in December compared to 4.9 months for November.  More of an extreme seller’s market for the 34997 zip code of Stuart FL.  A 6 to 7-month ab...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Stuart FL 34997 Residential Market Report December 2017 Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2017 For December 2017 in the 34997 Zip Code area of Stuart, Florida: There are currently 275 active listings (Decreased by 10 homes from November). 121 Residential sales are pending and awaiting close or lender approval (Decreased by 17 homes from November). 81 Homes Sold in December (Increased by 11 homes from November)       The Stuart Florida Residential Market for ZIP Code 34997 continues as one of the most active segments of the Martin County Florida real estate market.      The absorption rate inched down to 3.4 months (was 4.1 months for November).  Becoming a very extreme seller’s market for the 34997 zip code area of Stuart for Decembe...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Stuart FL 34996 Condo Market Report December 2017 Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2017 For December 2017 in the 34996 Zip Code area of Stuart, Florida : There are currently 134 active condo listings (Unchanged from last month). 35 Condo sales are pending and awaiting close or lender approval (Also unchanged from November). 20 Condos Sold in December (Up by 5 condos from November)  The Stuart FL 34996 Condo Market of Stuart continues with improved sales volume for the last month of the 2017. The current absorption rate for the Stuart Florida condos in ZIP Code 34996 decreased to 6.7 months from November’s 8.9 months.  Drifting back into a balanced market for this segment of Martin County condos.  A balanced market is considered to occur when the ...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Rocky Point Estates January 2018 Market ReportThere is currently 1 home available for sale in Rocky Point Estates.  The list price is $339,900 or $228.43 per sq. ft. of living area.There is also one home under contract which has not sold to date.  It was listed for $315,000 which is $251.00 per sq. ft. of living area. This home was on the market for 45 days before going under contract.In the past 12 months, 7 homes have sold in Rocky Point Estates.  Sales prices ranged from $265,000 up to $535,000 for an average sales price of $385,286 which works out to $209.08 per sq. ft. of living area.  These homes sold for an average of 96% of the last list price and took an average of 76 days of being on the market prior to receiving an accepted offer.Rocky Point EstatesRocky Point Estates is an H...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Stuart FL 34996 Residential Market Report December 2017 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2017 For December 2017 in the Stuart Florida Market Report ZIP Code 34996 Florida : There are currently 141 active listings (Decreased by 2 homes from November). 37 Residential sales are pending and awaiting close or lender approval (Up by 8 homes from November). 14 Homes Sold in December (Decreased by 5 homes from November). The 34996 zip code area of the Stuart Florida residential real estate had reduced closed sales for the end of the year but also a nice increase in pending sales on a steady inventory.  This is a good sign for the immediate future. The one-month absorption rate for the 34996 zip code area of Stuart Florida for December rose to 10.1 ...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Stuart FL 34994 Condo Market Report December 2017  Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2017 For December 2017 in the 34994 Zip Code area of Stuart, Florida : There are currently 91 active condo listings (Down by 9 condos from November). 35 Condo sales are pending and awaiting close or lender approval. (Increased by 4 condos from last month)  15 Condos Sold in December (Decreased by 6 condos from November). The Stuart FL 34994 Condo market showed slow but continued improvement from last month. Both pending and closed sales were up and a small rise in inventory. The absorption rate for December decreased to 6.1 months compared to last month’s 4.8.  Back into a balanced market for this condo segment of Stuart’s 34994 zip code area after one month of...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Stuart Florida 34994 Residential Market Report December 2017Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for December 2017For December 2017 in the 34994 Zip Code area of Stuart, Florida :There are currently 89 active listings (Up by 8 homes from November)21 Residential sales are pending and awaiting close or lender approval (Decreased by 7 homes from last month).14 Homes Sold in November (Increased by 1 homes from November)The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues to gain inventory while sales are not keeping up with this increased volume of available homes for sale.The one-month absorption rate for the 34994 zip code for December inched up to 6.4 months from 6.2 months for November.  Remaining in a balanced mark...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Resort Villas December 2017 Market ReportFor December 2017 there is only one condo available for sale in Resort Villas in the Indian River Plantation on Hutchinson Island in Stuart FL.  This condo is listed for $429,000 or $440.00 per sq. ft. of living area.There is one condo under contract waiting to settle.  It was listed for $315,000 or $484.62 per sq. ft. of living area and was on the market for 72 days before going under contract.In the past 12 months, 4 Resort Villas condos have sold.  Sales prices ranged from $302,500 up to $400,000 for an average sales price of $331,875 which works out to $467.84 per sq. ft. of living area.  These condos sold for an average of 93% of list price and went under contract in an average of 138 days after being listed.About Resort Villas in Indian Riv...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Tennis Villas December 2017 Market ReportAs of December 2017, there are 2 condos for sale in the Tennis Villas.  These condos are listed for prices ranging from $269,900 up to $285,000 for an average list price of $279,933 which is $303.79 per sq. ft. of living area.There are no condos under contract at this time.Only 1 condo has sold in the past 12 months.  The sales price was $228,000 or $261.77 per sq. ft. of living area. This condo sold for 91% of the listing price with and was on the market for 366 days prior to going under contract.About Tennis VillasFor those looking to live in a resort setting with the beaches of the Atlantic Ocean close by as well as a full service Marina, golf course, restaurants and fitness facilities without paying the premium price of most resorts, then the...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Ocean Terrace Condos December 2017 Market ReportFor December 2017 there are no condos available for sale in the Ocean Terrace building in Indian River Plantation on Hutchinson Island in Stuart FL.There are also no condos currently under contract.In the past 12 months, 4 condos have sold in Ocean Terrace. The sales prices were $195,000 and $249,000 for an average sales price of $216,125 which is $188.18 per sq. ft. of living area.  Sale prices averaged 91% of the last list price and these condos averaged 46 days on market before going under contract.About the Ocean Terrace Condominiums in Indian River PlantationThe Ocean Terrace condos of Hutchinson Island in the Indian River Plantation complex of Stuart FL is a direct oceanfront building.  These units were built in 1981 with units havin...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Ocean View Condos December 2017 Market ReportThree condos are currently on the market in the Ocean View Condominiums on Hutchinson Island in Stuart FL.  List prices range from $275,000 up to $350,000 for an average list price of $323,333 or $241.93 per sq. ft. of living area.There is one condo currently under contract in Ocean View.  It was listed for $325,000 which is $237.23 per sq. ft. of living area.  This condo was on the market for only 15 days prior to going under contract.In the past 12 months, 2 condos have sold in Ocean View.  Sales prices were $287,500 and $320,000 for an average sales price of $303,750 which works out to $211.68 per sq. ft.  These condos sold for an average of 97% of list price and were on the market an average of 14 days prior to having an accepted offer.Ab...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Windjammer Waterfront Condos December 2017 Market Report As of December 2017, there are 5 condos on the market in the Windjammer Yacht Club of Stuart FL.   Listing prices range from $178,500 up to $229,900.  The average list price is $215,460 which equates to a price per square foot of living area of $180.91. Currently, there are 2 condos under contract which has not sold as of this writing.  These condos were listed for $235,000 and $312,500 for an average list price of $273,750 or $229.85 per sq. ft. of living area and went under contract 108 days after it was listed. In the past 12 months, 9 Windjammer Waterfront Condos have sold.  Sales prices ranged from $130,000 up to $300,000 for an average sales price of  $205,044 which equals $172.16 per sq. ft.  These condos sold for an avera...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Crestwood Townhome Condos December 2017 Market ReportThere are no townhomes available for purchase in the Crestwood subdivision in December 2017.There are also no townhomes under contract.In the past 12 months, 4 homes have sold.  Sales prices ranged from $167,500 up to $190,000 for an average sales price of $181,875 which equals $109.18 per sq. ft. of living area.  These townhomes sold for an average of 97% of list price and went under contract in an average of 26 days of being listed.About Crestwood Townhome Condos:The townhome community of Crestwood in Stuart FL consists of 36 townhouses that are deeded under condo rules.  There are 9 buildings, each with 4 homes.   This complex had the first units completed in 1983 with a couple of the buildings finished in 2003 and 2006.All of thes...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
River Village December 2017 Market ReportThere are 3 River Village Condos available for sale as in December 2017.  The list prices for these condos are from $249,000 up to $295,000 for an average list price of $277,967 which equals $280.12 per sq. ft. of living area.There is one condo under contract that has yet to close.  The list price was $259,000 which equals $267.01 per sq. ft. of living area.  This condo was on the market for 233 days prior to going under contract.In the past 12 months, 5 condos have sold in River Village.  Sales prices ranged from $250,000 up to $280,000 for an average sales price of $259,300 or $249.03 per sq. ft. of living area.  These condos sold for an average of 95% of the last listing price and were on the market for an average of 51 days prior to accepting...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Stuart FL 34997 Condo Market Report November 2017 Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2017 For November 2017 in the 34997 Zip Code area of Stuart, Florida: There are currently 49 active condo listings (Decreased by 4 condos from October). 30 Condo sales are pending and awaiting close or lender approval (Increased by 5 condos from October). 10 Condos Sold in November (Unchanged from October).      The Stuart FL condo market for zip code 34997 had some strong activity even though the inventory is now down to extremely low levels and may impact future sales volume.        The absorption rate decreased to 4.9 months in November compared to 5.3 months for October.  Still in a seller’s market for the 34997 zip code of Stuart FL.  A 6 to 7-month absorption...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Stuart FL 34997 Residential Market Report November 2017 Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2017 For November 2017 in the 34997 Zip Code area of Stuart, Florida: There are currently 285 active listings (Decreased by 6 homes from October). 138 Residential sales are pending and awaiting close or lender approval (Increased by 7 homes from October). 70 Homes Sold in November (Increased by 2 homes from October)       The Stuart Florida Residential Market for ZIP Code 34997 showed strong activity for November with increased pending and closed sales activity.      The absorption rate inched down to 4.1 months (was 4.3 months for October).  Continuing as a seller’s market for the 34997 zip code area of Stuart for November 2017.  Typically a ba...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Stuart FL 34996 Condo Market Report November 2017 Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for November 2017 For November 2017 in the 34996 Zip Code area of Stuart, Florida : There are currently 134 active condo listings (Increased by 4 condos from last month). 35 Condo sales are pending and awaiting close or lender approval (Increased by 11 condos from October). 15 Condos Sold in November (Down by 7 condos from October)  The Stuart FL 34996 Condo Market of Stuart continues with strong activity even though closed sales were off from last month. The current absorption rate for the Stuart Florida condos in ZIP Code 34996 increased to 8.9 months from October’s 5.9 months.  Into a buyer’s market for this segment of Martin County condos but now very close to a buyer’s.  A...
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