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)
Four Winds on the River Condo February 2017 Market ReportThere are no condos currently available for sale in Four Winds on the River in Stuart FL.One condo is under contract.  It was listed for $249,000 or $184.44 per sq. ft. of living area.  This condo was on the market for 10 days before going under contract.In the past 12 months, 1 condo has sold in Four Winds.  This condo sold for $180,000 which equals $132.45 per sq. ft. of living area.  Th1 condo sold for 90% of the last listed price and was on the market for 161 days before going pending.A wonderful small condo community on the shores of the wide Saint Lucie River in Stuart, FL, Four Winds on the River was built in 1981 and has seen some major updates and upgrades in recent years.  Only 39 units with the availability of two guest...
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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)
Inlet Village February 2017 Market ReportThere are 6 condos for sale in Inlet Village in February of 2017.  List prices range from $165,000 to $325,000 for an average list price of $257,800 which is $237.66 per sq. ft. of living area.There is one condo currently under contract.  This condo was listed for $234,900 or $226.08 per sq. ft. of living area.  This condo went under contract 63 days after being listed.In the past 12 months, 7 condos have sold in Inlet Village.  Sales prices ranged from $151,000 up to $305,000 for an average sales price of $220,643 which equal $219.80 per sq. ft. of living area.  These condos sold for an average of 91% of list price and were on the market for an average of 64 days,About Inlet Village Condos on Hutchinson Island in Stuart FL:Inlet Village is locat...
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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)
North River Shores February 2017 Market UpdateThe North River Shores February 2017 Market Update for Stuart Florida:There are currently 12 active listings in North River Shores.  List prices range from $329,900 up to $1,950,000.  The average list price is $766,892 based on $293.04 per square foot of living area.4 homes are under contract (pending sales). List prices were from $259,900 up to $445,000 for an average of $316,200 which equates to a $163.27 price per sq. ft. of living area.  These homes averaged 127 days on the market before going under contract.In the past 12 months, 17 homes have sold in North River Shores at an average sales price of $361,318 or at $190.40 per square foot of living area. Sales prices ranged from $215,000 up to $619,500 0 and averaged 93% of the last list ...
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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 January 2017 Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2017   For January 2017 in the 34997 Zip Code area of Stuart, Florida : There are currently 80 active condo listings (Decreased by 3 condos from December). 34 Condo sales are pending and awaiting close or lender approval (Up by 5 condos from December). 15 Condos Sold in January (Increased by 4 condos from December).      The Stuart FL condo market for zip code 34997 showed a strong start to the beginning of 2017 with increases in both pending and closed sales.        The absorption rate dropped to 5.3 months in January from 7.5 months for December.  Back into a sellers’ market for the 34997 zip code of Stuart FL. A 6 to 7 month absorption rate is typically considered...
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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)
Foxwood Stuart FL August 2017 Market Update As of August 2017, there are no homes on the market in the Foxwood equestrian community in Stuart, FL.There are also no homes under contract at this time.In the past 12 months, there were 6 sales in this sought after Stuart community.  Sales prices ranged from $300,000 to $445,000 for an average of $387,483 which equals $150.54 per sq. ft. of living area.  These sales averaged a sales price of 97% of the last list price and took an average of 86 days on the market before going under contract.About Foxwood in Stuart FL:Foxwood is located just west of I-95 on Pratt and Whitney road in Western Stuart Florida.  It consists of 109 home sites that are all 2 acres or larger.  Horses are permitted with a zoning of one horse per acre.   Foxwood was des...
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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 January 2017 Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for January 2017   There are currently 354 active listings (Increased by 20 homes from December). 169 Residential sales are pending and awaiting close or lender approval (Up by 49 homes from December). 61 Homes Sold in January (Decreased by 8 homes from December)       The Stuart Florida Residential Market for ZIP Code 34997 started the year with a big jump in inventory and a lower number of closed sales.  Pending sales, however, look very strong.      The absorption rate decreased to 5.8 months (was 4.8 months for December).  Just about back to a balanced market, only a slight sellers’ one for the 34997 zip code area of Stuart.  Typically a balanced market, ...
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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 January 2017 Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for January 2017 For January 2017 in the 34996 Zip Code area of Stuart, Florida : There are currently 170 active condo listings (Up by 17 condos from last month). 31 Condo sales are pending and awaiting close or lender approval (Decreased by 4 condos from December). 22 Condos Sold in January (Up by 2 condos from December)  The Stuart FL 34996 Condo Market of Stuart had small gains from last month with sales up slightly.  A fairly large jump in inventory along with a decrease in pending sales is a little troubling. The current absorption rate for the Stuart Florida condos in ZIP Code 34996 remained basically unchanged at 7.7 months from December’s 7.65 months.  Remaining in a buy...
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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 January 2017  Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for January 2017   For January 2017 in the Stuart Florida Market Report ZIP Code 34996 Florida :   There are currently 180 active listings (Up by 11 homes from December). 43 Residential sales are pending and awaiting close or lender approval (Up by 12 homes from December). 10 Homes Sold in January (Decreased by 7 homes from December). The 34996 zip code area of the Stuart Florida residential real estate market slowed for the beginning of 2017 with an increase in inventory and a decrease in closed sales.  Pending sales remain strong so we should see improved numbers in the next few months. The one month absorption rate for the 34996 zip code area of Stuart Florida fo...
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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)
the Florida Club January 2017 Market ActivityStuart, Florida As of January 2017:There are currently 12 Florida Club homes for sale.  List prices range from $259,900 up to $519,000 for an average list price of $394,405 which works out to $181.08 per sq. ft. of living area.There are 4 homes under contract awaiting the completion of their sales.  List prices ranged from $254,315 to $459,000 for an average list price of  $333,076 or $172.98 per sq. ft of living area.  These homes averaged 100 days on the market before going under contract.In the past 12 months, 30 homes have sold in the Florida Club with sales prices ranging from $237,500 to $495,000 for an average sales price of $316,754 which equals $164.44 per square foot of living area.  The average days on market was 78 days with a 97%...
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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 January 2017 Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for January 2017 For January 2017 in the 34994 Zip Code area of Stuart, Florida :   There are currently 91 active condo listings (Up by 5 condos from December). 40 Condo sales are pending and awaiting close or lender approval. (Increased by 4 condos from last month)  18 Condos Sold in January (Up by 5 condos from December). The Stuart FL 34994 Condo market had a very strong start for the 2017 year with an increase in both closed and pending sales. The absorption rate for January dropped to 5.1 months compared to last month’s 6.6.  Moving back into a buyers’ market for this condo segment of Stuart’s 34994 zip code area.  Typically a real estate market is considered to be a balanc...
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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)
Summerfield Market Report for January 2017Home of the Champions Golf ClubAs of January 2017, there are 8 homes on the market in Summerfield ranging in listing price from $308,500 up to $499,000 for an average list price of $387,965 which equals $183.24 per square foot of living area.There are 4 homes under contract (pending) awaiting their closing. Listing prices are from $329,000 up to $429,990 for an average list price of $382,845 which equates to $169.63 per square foot of living area. These homes averaged 65 days on the market prior to receiving an accepted offer.In the past 12 months, 34 homes have sold.  Sales prices ranged from $215,000 to $550,000 for an average sales price of $360,228 which equals $168.96 per square foot of living area.  The average days on market for these sal...
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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 2017 Market ReportFor January 2017 there is only 1 condo available for sale in the Edgewater Villas of Stuart FL.  This condo is listed for $347,900 or $222.87. There are no units under contract at this time. In the past 12 months, 3 Edgewater Villas have sold.  The sales prices ranged from $345,000 up to $445,000 for an average sales price of $382,500 which equals $239.46 per sq. ft. of living area.  These condos sold for 92% of the list price and went under contract in an average of 73 days after list date.Edgewater Villas CondominiumsJust west of Historic Downtown Stuart and on the shores of the Saint Lucie River lies the Edgewater Villas Condominiums. This complex consists of two waterfront buildings of four stories on over 2 acres that were bui...
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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 $116,000 up 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 8...
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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 Market Report ZIP Code 34994 Residential January 2017Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for January 2017For January 2017 in the 34994 Zip Code area of Stuart, Florida :There are currently 74 active listings (Increased by 22 homes from December)22 Residential sales are pending and awaiting close or lender approval (Increased by 4 homes from last month). 7 Homes Sold in December (Down by 12 homes from December)The residential real estate market for the 34994 ZIP code area of the Stuart, Florida began 2017 with a drop inactivity along with a big jump in inventory.The one month absorption rate for the 34994 zip code for January jumped to 10.6 months from 2.7 months for December.  Into a buyers' market for the first time in quite some time for th...
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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...
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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 2016 Market ReportThere are two River Village Condos available for sale as in December 2016.  The list prices for these condos are $259,000 and $299,000 for an average list price of $279,000 which equals $263.43 per sq. ft. of living area.There is also one condo under contract that has yet to close.  The list price was $264,900 which equals $252.53 per sq. ft. of living area.  This condo was on the market for 38 days prior to going under contract.In the past 12 months, 4 condos have sold in River Village.  Sales prices ranged from $235,000 up to $300,000 for an average sales price of $276,250 or $278.30 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 140 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)
Crestwood Townhome Condos December 2016 Market ReportThere are no townhomes available for purchase in the Crestwood subdivision in December 2016.There are also no townhomes under contract.In the past 12 months, 6 homes have sold.  Sales prices ranged from $160,000 up to $245,000 for an average sales price of $197,333 which equals $99.19 per sq. ft. of living area.  These townhomes sold for an average of 94% of list price and went under contract in an average of 45 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 these...
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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)
Beachwood Villas Hutchinson Island December 2016 Market ReportThere is currently one active listing in Beachwood Villas of Hutchinson Island.  The list price is $289,900 which is $309.39 per sq. ft. of living area.There are currently two pending sales in Beachwood Villas. The list prices were $279,900 and $349,900 for an average list price of $314,900 which equates to $297.12 per sq. ft. of living area.  These two condos went under contract in an average of 4 days after being listed.Two condos have sold in Beachwood Villas in the past 12 months.  The sales prices were $326,500 and $350,000 for an average sales price of $338,250 or $281.29 per sq. ft. of living area.  These condos sold for an average of 95% of the final listed price and in an average of 45 days on market until there was ...
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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)
The Elliott MuseumLocated on Hutchinson Island in Stuart and just south east of the Stuart Causeway and next to Stuart Beach is one of the true gems of Martin County, the Elliott Museum.Back in the 1950’s Harmon Elliott donated the funds to build a museum to house the historical society’s offices and to feature exhibitions about Harmon’s father’s inventions.  Both father and son at this time held 222 patents.  Over the years the community began to use the Museum as a provider of changing exhibitions and also art classes. Also, important local history materials were donated to the Museum. Through the years and numerous hurricanes the structure was in need of greater space as well as repairs and a brand new and enlarged museum was planned.  The old structure came down in 2009 and the curr...
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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 2016 Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2016   There are currently 334 active listings (Increased by 6 homes from November). 120 Residential sales are pending and awaiting close or lender approval (Down by 18 homes from November). 69 Homes Sold in December (Increased by 7 homes from November)       The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate.  2016 ended with strong activity and a continued advantage for sellers in this segemtn of the Stuart residential real estate market.      The absorption rate decreased to 4.8 months (was 5.3 months for November).  Increasing the sellers market for the 34997 zip code area...
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