Stuart, FL Real Estate News

By Rei Mesa
(Berkshire Hathaway HomeServices Florida Realty)
(STUART, FL) –Anne Schmidt and Kerry Webster of the Anne Schmidt Group and sales professionalsat Berkshire Hathaway HomeServices Florida Realty’s Stuart office, completed a rare sale and purchase of two luxury homes in the prestigious Castle Hill community in Sewalls Point, FL. last month. The total of closed sales volume for the group was $14,150,000…all in one day! The sale has also been recorded asthe highest sale in Sewalls Point. The estate home at 10 Castle Hill Way was listed by Anne and Kerry on April 4 for $6,350,000 and it was under contract 5 days later with Kerry and Anne working with the buyers also. The home is one of the most exclusive waterfront estates towering over the St. Lucie River and offers extensive northwest and south views. The stunning 8700 sq. ft. gated home ...
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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)
Bay Colony of Stuart June 2016 Market ReportAs of June 2016, there was only 1 active listing in the Bay Colony of Stuart. This home is listed for $649,000 or $207.88 per sq. ft. of living area.  As of June 6, this home has been on the market for 154 days.There are currently no homes under contract or pending.2 homes have sold in the past 12 months.  The sales prices were $735,000 and $1,275,000. The average sales price was $1,005,000 which equals $254.14 per sq. ft. of living area. These sales averaged 90% of listing price and the average days on market prior to going under contract was 85 days.xThe Bay Colony of Stuart is an exclusive gated community lying on the shores of the North Fork of the Saint Lucie River.  There are 34 home sites in Bay Colony and as of February 2016 only two v...
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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 June 2016 Market ReportAs of June 2016, there is only 1 condo for sale in the Tennis Villas.  This condo is listed for $269,000 which is $308.84 per sq. ft. of living area.  As of June 5, this condo has been on the market for 90 days.There is one condo under contract which hasn't closed to date.  This condo was listed for $245,000 or $281.29 per sq. ft. of living area.  This condo was on the market for 113 days before going under contract.6 condos have sold in the past 12 months. Sales prices ranged from $210,000 to $267,000 with an average of $228,500 or $258.08 per sq. ft. of living area. These sales averaged 93% of listing price with an average days on market of 189 days.About Tennis VillasFor those looking to live in a resort setting with the beaches of the Atlantic Oc...
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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)
St Lucie Club Condos - June 2016 Market ReportFor early June 2016 there is only one available condo for sale in the St Lucie Club Condos (officially known as the Saint Lucie Club Apartment Homes Condo).  This condo is listed for $249,900 or $184.97 per sq. ft. of living area and has been on the market for 28 days. There are no condos currently under contract. In the past 12 months, 3 St Lucie club condos have sold. Sales prices were from $125,000 to $157,000 for an average sales price of $143,633 which equals $92.64 per sq. ft. of living area.  These condos went under contract in an average of 164 days and sold for an average of 102% of list price.About the Saint Lucie Club Condos in Stuart FloridaI’m sure you’ve heard the term “location, location, location” when it comes to real estate...
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By Lynn V. Marino Realtor, RSPS, ABR, "Let me Cater to your Real Estate Needs"
I am hosting an OPEN HOUSE on Sunday, July 17th 1-3pm.          The first 5 guests will receive a special welcome gift. Beautiful sunrise off fishing pier This updated corner garden patio condo, located in an active 55+ community, has granite counter tops in kitchen and bathrooms with custom upgrades. Master bedroom has walk-in-closet and extra storage which is located in the updated master bathroom.  Flooring has newly installed 20 x 20 ceramic tiles throughout. Custom book cases in living room area, washer/dryer hook up and extra storage in hallway. Unit is light and bright, with an open outside patio which is great for entertaining or to do your gardening. This unit is steps away from where you park your car or you can choose to walk to the front building entrance and enter your unit...
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By Lynn V. Marino Realtor, RSPS, ABR, "Let me Cater to your Real Estate Needs"
Just reduced priced at $159,000! This is a 2 bedroom 2 bathroom corner garden patio condo that has been updated. Located across from the St. Lucie River and next to the Martin County Gold Course. The community is Conquistador and it is an active 55+ community. This corner, garden patio home, is currently the only updated unit available in this community. Has many updates including granite counter tops in kitchen and bathrooms. 20x20 ceramic tiles throughout. Has washer and dryer hook up! Short walk to pool and BBQ area. Pet friendly building with outdoor parking close to the unit. Community amenities; Manager on premises, club house with gourmet catering kitchen and dance floor, tennis courts, pool and BBQ area, library, card room, gym, kayak storage, work shop and a day dock with a fis...
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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 May 2016 Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2016  For May 2016 in the 34997 Zip Code area of Stuart, Florida :There are currently 73 active condo listings (No change from April). 40 Condo sales are pending and awaiting close or lender approval (Up by 1 condos from April). 17 Condos Sold in May (Increased by 5 condos from April). The Stuart FL condo market for zip code 34997 for May showed a nice increase in closed sales and continued strong pending sales activity which should be good for future closed sales activity. The inventory remained unchanged.   The one month absorption rate went down to 4.3 months from 4.4 months for April. Still a sellers market for the 34997 zip code area of Stuart condos. A 6 to 7 month abs...
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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 May 2016 Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for May 2016 There are currently 304 active listings (Decreased by 5 homes from April). 216 Residential sales are pending and awaiting close or lender approval (Down by 3 homes from April). 109 Homes Sold in May (Increased by 10 homes from April) The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate market. And, it is also the most active with very strong sales and pending sales activity. The current one month absorption rate plunged to 2.8 months (was 3.1 months for April). Continuing as an extreme sellers' market for the 34997 zip code area of Stuart FL. Typically a balanced market, favoring nei...
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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 May 2016 Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for May 2016 For May 2016 in the 34996 Zip Code area of Stuart, Florida :There are currently 120 active condo listings (Down by 6 condos last month). 40 Condo sales are pending and awaiting close or lender approval (Decreased by 8 condos from April). 32 Condos Sold in May (Decreased by 5 condos from April) The Stuart FL 34996 Condo Market of Stuart had decreased activity levels for both pending and closed sales. Though, this is still a very hot segment of the Stuart condo market. The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 3.8 months from April's 3.4 months. Still in a strong sellers' market for May. A balanced market is considered to occur wh...
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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 May 2016 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for May 2016  For May 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :  There are currently 150 active listings (Down by 1 homes from April). 43 Residential sales are pending and awaiting close or lender approval (Down by 8 homes from April). 22 Homes Sold in May (Decreased by 3 homes from April). The 34996 zip code area of the Stuart Florida residential real estate market showed reduced sales and pending activity from last month, though only small decreases. The inventory dropped by only 1 home, yet is still slightly above last year. The one month absorption rate for the 34996 zip code area of Stuart Florida for May increased to 6.8 months as compared t...
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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 May 2016 Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for May 2016 For May 2016 in the 34994 Zip Code area of Stuart, Florida :  There are currently 83 active condo listings (Down by 14 condos from April). 43 Condo sales are pending and awaiting close or lender approval. (Increased by 8 condos from last month) 18 Condos Sold in May (Down by 1 condos from April). The Stuart FL 34994 Condo market had a large increase in pending sales for May while closed sales were only down by one condo. This should result in strong closed activity for the coming few months. Unfortunately the active inventory took a significant drop. The one month absorption rate increased to 4.6 months compared to last month's 5.1. Dropping into an even stronger seller...
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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 Market Report ZIP Code 34994 Residential May 2016Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for May 2016For May, 2016 in the 34994 Zip Code area of Stuart, Florida :There are currently 62 active listings (Down by 3 homes from April)43 Residential sales are pending and awaiting close or lender approval (Decreased by 6 homes from last month).18 Homes Sold in April (Up by 8 homes from April)The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had excellent activity for may with very strong future activity (pending sales) and also a nice increase in closed sales. Though, the reduced inventory is a potential problem.The one month absorption rate for the 34994 zip code for May dropped down to 3.4 months from 6.5 months for Apri...
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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)
May 2016 Market Report for Ocean House in Indian River PlantationMay 2016 Market Report for Ocean House Condos in Indian River Plantation, Hutchinson Island in Stuart, FLCurrently there are 2 active listing on the market in Ocean House, both of which are listed for $629,000 which equates to $469.40 per square ft. of living area.There are 3 condos under contract awaiting settlement. List prices range from $459,000 up to $745,000 for an average list price of $562,667 and this equals $407.06 per sq. ft. of living area. These 3 condos averaged 296 days on market before going under contract.In the past 12 months, there have 2 sales in Ocean House. The sales prices were $350,000 and $625,000 for an average sales price of $487,500 or $363.81 per square foot of living area. These two condos sol...
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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)
Sewalls Point Single Family Market Report May 2016 Sewalls Point Real Estate Snapshot, Residential Sales for May 2016  There are currently 70 active listings (Up by 2 homes since last month) 11 home sales are pending and awaiting close or lender approval (Decreased by 8 homes from April) 9 Homes sold in May (Increased by 6 home sales from April) The single family real estate market in Sewalls Point for May had a good month for closed sales and has come close to a balanced market. Unfortunately, a drop in pending sales may signal a potentially weaker upcoming summer. The current absorption rate dipped to 7.8 months, in April it was 22.7 months. A very good step in the right direction and heading towards a balanced market. A 6 to 7 month absorption rate is considered a balanced market whe...
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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)
May 2016 Market Report for Legacy Cove in Stuart FloridaThere are currently 5 homes for sale in Legacy Cove in Stuart, FL. Listing prices range from $319,900 to $475,000 for an average listing price of $404,580 or a price per square foot of living area of $161.49.There are three homes currently under contract awaiting settlement. The list prices range from $329,000 to $399,000 or $159.21 per sq. ft. of living area. These homes averaged 24 days on the market prior to going under contract.In the past 12 months, 7 homes have sold in Legacy Cove with sales prices ranging from $260,000 to $482,000 for an average sales price of $337,357 or $148.27 per sq. ft. of living area. These sales averaged 95% of list price and went under contract in an average of 55 days after going on the market.Legac...
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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)
May 2016 Market Report for River Pines in Stuart FLAs of may 2016, there are 6 active listings for River Pines townhomes for sale in Stuart, FL. Prices range from $129,900 to $149,900 which equals to an average list price of $143,883 or $111.71 per sq. ft. of living area.There are 6 River Pines town homes under contract awaiting sale. List prices are from $89,000 to $154,900 for an average list price of $123,250 or $102.47 per sq. ft. of living area. These properties averaged 89 days on the market prior to going under contract.In the past 12 months, 23 townhouses have sold in River Pines with sales prices ranging from$95,000 to $147,000 which equals to an average sales price of $120,261 or $93.37 per sq. ft. of living area. These townhomes have been on the market for an average of 43 da...
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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)
Sunset Cove Condos May 2016 Market ReportFor May 2016, there are two condos listed in the Sunset Cove condos of North Stuart on the Saint Lucie River. These two condos are listed at $234,900 and $269,900 for an average list price of $252,400 which equals $154.66 per sq. ft. of living area. These two condos have been on the market for an average of 26 days as of May 17. There is one condo currently under contract that was listed for $249,900 or $159.17 per sq. ft. of living area. This condo was on the market for 162 days prior to accepting the current offer. In the past 12 months, 2 Sunset Cove condos have sold. Sales prices were $209,344 and $315,000 for an average sales price of $262,172 which is $166.99 per sq. ft. of living area. These sales averaged 98% of the average list price and...
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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)
Harborage Yacht Club May 2016 Market ReportFor May 2016 there are 19 active listings in the Harborage Yacht Club with list prices ranging from $139,900 up to $310,000 for an average list price of $204,391 which comes out to $172.65 per sq. ft. of living area. As of May 17, 2016 the average days on market for these condos is 276. There is only one condo under contract. The list price was $150,000 or $128.31 per sq. ft. of living area with this condo going under contract 28 days after being listed. In the past 12 months, 7 condos have sold. Sales prices were from $127,000 up to $230,000 for an average sales price of $163,714 which equals $136.18 per sq. ft. of living area. These condos sold on average at 90% of list price and took an average of 389 days before going under contract.About t...
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By Homes For Heroes
(Affiliates nationwide for Hero Rewards)
Nick Wile relocated from New York in 2009 and is living the Florida dream. He is a father of 4 children and married to his wife Natalie for the last 15 years and going strong. Before becoming a licensed Realtor Nick used to work for an Appraisal Management Company as a Sr. quality reviewer and has over 10 years’ experience in confirming and providing property values. While this job was challenging Nick's dream was to help people and he decided a life in real estate would combine his need to help people and his love of valuing properties and architecture. 
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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 Estuary - April 2016 Market ReportThe Estuary of Stuart FL contains both homes and condos. Here is the April 2016 market report for this gated community:HomesThere are currently no homes for sale in the Estuary. One home is under contract. The list price was $599,900 which is also $321.66 per sq. ft. of living area. This home went under contract one day after it was listed. In the past 12 months, 6 homes have sold in the Estuary. Sales prices ranged from $150,900 up to $605,000 for an average sales price of $294,316 or $142.60 per sq. ft. of living area. These homes sold for an average of 92% of list price and went under contract in an average of 66 days.CondosThere are three condos currently available in the Estuary. List prices range from $139,900 to $155,000 for an average list p...
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