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)
Stuart FL 34997 Residential Market Report January 2019 STUART FLORIDA REAL ESTATE Snapshot for ZIP Code 34997, Residential Sales for January 2019 For January 2019 in the 34997 Zip Code area of Stuart, Florida: There are currently 348 active listings (Increased by 7 homes from December).   158 Residential sales are pending and awaiting close or lender approval (Up by 65 homes from December).   52 Homes Sold in January (Decreased by 18 homes from December)       The Stuart Florida Residential Market for ZIP Code 34997 had a sizeable drop in closed sales for the first month of the year.  I think this is only temporary as we had an impressive jump in pending sales.  This should show up with increased closed sales in the next couple of months.      The absorption rate rose to 6.7 months (wa...
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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)
Schooner Oaks January 2019 Real Estate Market ReportFor January 2019 there are 3 homes for sale in Schooner Oaks in Stuart, FL.  These condos are listed for sale with prices from $259,900 up to $269,900.  This is an average list price of $264,933 or $136.53 per sq. ft. of living area.There are no homes currently under contract.In the past 12 months, 6 Schooner Oaks homes have sold.  The sales prices ranged from $200,000 up to $286,000.  This works out to an average sales price of $245,417 which equals $135.92 per sq. ft. of living area. These homes went under contract in an average of 53 days and sold for 93% of list price.About Schooner Oaks in Rocky Point:The Schooner Oaks community of Rocky Point in Stuart FL is a townhouse style complex under condo association rules.  There are 86 u...
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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 2019 STUART REAL ESTATE Snapshot for ZIP Code 34996, Condo Sales for January 2019 For January 2019 in the 34996 Zip Code area of Stuart, Florida : There are currently 122 active condo listings (Down by 2 condos from last month). 38 Condo sales are pending and awaiting close or lender approval (Up by 12 condos from December). 17 Condos Sold in January (Down by 10 condos from December)  The Stuart FL 34996 Condo Market of Stuart is one of the few areas in Martin County with lower inventory as compared to last year.  Closed sales were unchanged and pending sales increased for January. The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dipped to 7.2 months from December’s 4.6 months. Transitioning back into a slight buyer...
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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 January 2019 Market ReportHere is your Rocky Point January 2019 market Report in Stuart Florida:There are currently 33 active listings in the Rocky Point area of Stuart FL which include both condos and homes.  List prices range from a low of $124,500 up to $2,650,000.  This is an average list price of $511,836 or $223.92 per square foot of living area.7 homes and condos are under contract (pending sales) and awaiting closing.    List prices ranged from $120,000 up to $465,000.  This equals an average list price of $291,400 which is $185.92 per square foot of living area.  These properties averaged 36 days on the market before accepting a contract.In the past 12 months, 130 properties have sold in Rocky Point with sales prices ranging from $63,999 up to $2,500,000.  This work...
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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 2019 STUART REAL ESTATE Snapshot for ZIP Code 34996, Residential Sales for January 2019 For January 2019 in the Stuart Florida Market Report ZIP Code 34996 Florida : There are currently 174 active listings (Increased by 7 homes from October). 43 Residential sales are pending and awaiting close (Up by 20 homes from October). 10 Homes Sold in January (Down by 5 homes from October). The 34996 zip code area of the Stuart Florida had an increase in both inventory and pending sales but closed sales were lower than last month. The one-month absorption rate for the 34996 zip code area of Stuart Florida for January rose to 17.4 months as compared to October’s 11.1 months.  Now a stronger buyer’s market for the 34996 zip code area of Stuart FL.  ...
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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 2019  Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for January 2019 For January 2019 in the 34994 Zip Code area of Stuart, Florida : There are currently 114 active condo listings (Up by 14 condos from December).   50 Condo sales are pending and awaiting close or lender approval. (Increased by 6 condos from last month)  17 Condos Sold in December (Unchanged from December). The Stuart FL 34994 Condo market had a small increase in inventory and pending sales while sales remained unchanged. The absorption rate for December dropped to 6.7 months compared to last month’s 5.9 months.  Back into a balanced market after one month of a seller’s market for this condo segment of Stuart’s 34994 zip code area.  Typically a real estate mar...
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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 January 2019STUART REAL ESTATE Snapshot for ZIP Code 34994, Residential Sales for January 2019For December 2018 in the 34994 Zip Code area of Stuart, Florida :There are currently 91 active listings (Up by 15 homes from December)26 Residential sales are pending and awaiting close or lender approval (Increased by 9 homes from last month).8 Homes Sold in May (Decreased by 5 homes from December)The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had an increase in both inventory and pending sales.  Unfortunately, closed sales were off for the month.The one-month absorption rate for the 34994 zip code for December jumped up to 11.8 months from 5.8 months for December.  Returning to a buyer’s market for the 34994...
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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 2019 Market ReportThere are currently 2 homes available for sale in Rocky Point Estates.  The list prices are $314,900 and $699,999.  This is an average list price of $507,450 or $205.73 per sq. ft. of living area.There are 3 homes under contract which has not sold to date.  List prices ranged from $329,900 up to $398,500.  This works out to an average list price of $371,133 which is $257.76 per sq. ft. of living area. This home was on the market for 13 days before going under contract.In the past 12 months, 4 homes have sold in Rocky Point Estates.  Sales prices ranged from $306,500 up to $475,000.  This is an average sales price of $387,125 which works out to $219.87 per sq. ft. of living area.  These homes sold for an average of 97% of the last list price ...
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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)
Lake Tuscany Real Estate Update in Stuart FL January 2019As of January 2019, there is only 1  home available for sale in Lake Tuscany in Stuart FL.  This home is listed for $449,900 which is an average price per square foot of living area of $125.67.There is 1 home currently under contract.  This home was listed for $369,900 or $177.50 per sq. ft. of living area and was on the market for 18 days prior to going under contract.In the past 12 months, 10 homes have sold in Lake Tuscany ranging in sales price from $375,000 up to $543,250.  This works out to an average sales price of $454,425 which equals $153.26 per sq. ft. of living area.  These homes took an average of 94 days on market to go under contract and sold at 97% of list price.About Lake Tuscany in Stuart Florida:Lake Tuscany in ...
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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 2019 Market ReportStuart, FloridaAs of January 2019, there are 5 Florida Club homes for sale.  List prices range from $299,000 up to $459,900 for an average list price of $394,580 which works out to $198.92 per sq. ft. of living area.There are 4 homes under contract awaiting closing.  List prices ranged from $269,900 up to $494,500.  This equals an average list price of $353,325 which works out to $196.47 per sq. ft. of living area.  These homes averaged 65 days on the market before going under contract.In the past 12 months, 29 homes have sold in the Florida Club with sales prices ranging from $255,000 up to $476,900 for an average sales price of $341,009 which equals $179.44 per square foot of living area.  The average days on market before going under contrac...
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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 Real Estate Market Report January 2019As of January 2019, there are 4 homes on the market in Summerfield ranging in listing price from $329,900 up to $475,000.  This is an average list price of $410,975 which equals $188.42 per square foot of living area.There are 2 homes under contract (pending) awaiting their closing. Listing prices were $424,000 and $449,000.  This equals an average list price of $436,500 which is $203.23 per square foot of living area. These homes averaged 21 days on the market prior to receiving an accepted offer.In the past 12 months, 24 Summerfield homes have sold.  Sales prices ranged from $270,000 up to $710,000.   This works out to an average sales price of $383,829 which equals $191.83 per square foot of living area.  These homes averaged 48 days ...
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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 2019 Market ReportFor January 2019 there are 2 condos available for sale in the Edgewater Villas of Stuart FL.  List prices are $409,000 and $443,000.  So, the average list price is $426,000 or $272.90 per sq. ft. of living area.There are no condos under contract at this time.In the past 12 months, 2 Edgewater Villas condos have sold.  The sales prices were $385,000 and $428,000.  This is an average sales price of $406,500 which equals $260.41 per sq. ft. of living area.  These condos sold for an average of 98% of list price and went under contract in an average of 31 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 Edgewater Villas Condominiums. This...
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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 2019 Market Report As of January 2019, there are 7 condos for sale in the Circle Bay Yacht Club of Stuart FL.   Listing prices range from $135,000 up to $287,000.  The average listing price $219,307 which equals a price per square foot of living area of $218.70. There is one Circle Bay condo under contract at this time.  This condo was listed for $269,00 or $269.63 per sq. ft. of living area.  It went under contract 12 days after being listed. In the past 12 months, 21 Circle Bay Waterfront Condos have sold.  Sales prices ranged from a low of $110,000 up to $278,000.  This equals an average sales price of $182,190 which is $177.69 per sq. ft.  These condos sold for an average of 95% of the last listed price and in an average of 86 days on ...
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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)
Riverwood Condos Indian River Plantation January 2019 Market ReportThere are currently 2 condos for sale in the Riverwood Condos of Indian River Plantation.  These condos are listed for $295,000 and $560,000.  This is an average list price of $427,500 or $254.82 per sq. ft. of living area.There are no condos currently under contract.In the past 12 months, 3 condos have sold in Riverwood.  Sales prices ranged from $240,000 up to $560,000.  This is an average sales price of $440,000 which equals $298.57 per sq. ft. of living area. These condos were on the market for an average of 21 days before going under contract and sold for 99% of list price.About Riverwood Condos in Indian River Plantation:The Riverwood condos of Hutchinson Island in the Indian River Plantation complex of Stuart cons...
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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 2018 Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2018 For December 2018 in the 34997 Zip Code area of Stuart, Florida: There are currently 49 active condo listings (Up by 5 condos from November). 8 Condo sales are pending and awaiting close (Down by 14 condos from November). 19 Condos Sold in December (Up by 11 condos from November).       The Stuart FL condo market for zip code 34997 remains inventory challenged but had a good number of closed sales.  Pending sales took an unexpected drop and may affect closed sales in the coming months.      The absorption rate rose to 2.6 months in December compared to 5.5 months for November.  Remaining in an extreme seller’s market at this time for the 34997 zip code of Stua...
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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 2018 Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2018 For December 2018 in the 34997 Zip Code area of Stuart, Florida: There are currently 341 active listings (Increased by 19 homes from November). 93 Residential sales are pending and awaiting close or lender approval (Down by 33 homes from November). 70 Homes Sold in December (Increased by 9 homes from November)       The Stuart Florida Residential Market for ZIP Code 34997 had an increase in closed sales for December but also an unexpectedly large decrease in pending sales which may affect closed sales in the near future.        The absorption rate dipped to 4.9 months (was 5.3 months for November).  Still in a seller’s market for the 34997 ...
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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 2018 Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2018 For December 2018 in the 34996 Zip Code area of Stuart, Florida : There are currently 124 active condo listings (Up by 5 condos from last month). 26 Condo sales are pending and awaiting close or lender approval (Down by 7 condos from November). 27 Condos Sold in December (Up by 3 condos from November)  The Stuart FL 34996 Condo Market of Stuart showed an increase in sales but a decrease in pending sales from last month.  Though, the activity remains quite strong. The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dipped to 4.6  months from November’s 5.0 months. Transitioning back into a seller’s market for this segment of Martin Count...
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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)
Locks Landing in Stuart Florida December 2018 Market ReportAs of December 2018, there are 3 homes on the market in Locks Landing in Stuart Florida.  These homes are listed from $409,900 up to $475,000.  This equals an average list price of $439,933 which equals $190.74 per sq. ft. of living area.There are 3 homes currently under contract.  The list prices were from $379,000 up to $544,900.   This works out to an average list price of $456,300 which equals $176.68 per sq. ft. of living area. These homes were on the market for an average of 83 days prior to going under contract.In the past 12 months, 9 homes have sold in Locks Landing with sales prices ranging from $358,900 up to $525,000.  This is an average sales price of $450,211 or $194.66 per sq. ft. of living area. These sales 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)
Stuart FL 34996 Residential Market Report December 2018 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2018 For December 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida : There are currently 167 active listings (Decreased by 2 homes from October). 23 Residential sales are pending and awaiting close (Up by 6 homes from October). 15 Homes Sold in December (Up by 2 homes from October). The 34996 zip code area of the Stuart Florida improved from last month.  Though this segment has been in a buyer’s market now for a few months. The one-month absorption rate for the 34996 zip code area of Stuart Florida for December dropped to 11.1 months as compared to October’s 13.0 months.  Remaining in a buyer’s market for the 34996 zip code area of Stuart...
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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)
Fairway Villas in Indian River Plantation December 2018 Market ReportThere is one condo for sale in Fairway Villas on Hutchinson Island in Indian River Plantation for December 2018.  The list price is $375,000 which is $326.09 per sq. ft. of living area.There are no condos currently under contract.There have been 4 sales in the past 12 months.  Sales prices ranged from $270,000 up to $426,500.  This equals an average sales price of $371,625 or $234.65 per sq. ft. of living area.  These villas sold for an average of 97% of list price and were on the market for an average of 66 days before going under contract.About Fairway Villas in Indian River Plantation:The Fairway Villas of Hutchinson Island in the Indian River Plantation complex of Stuart consist of 10 smaller one and two story buil...
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