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Stuart, FL Real Estate News

By Melissa Conrad, REALTOR®, Florida Real Estate Broker-Associate
(Florida Sun and Surf Realty Group)
Just because your home is located in a small town doesn’t mean your life is boring. In fact, the small town of Stuart in Florida is frequently tagged as one of the best small towns in the U.S. because of its perfect climate, its proximity to some of the state’s most popular natural attractions and the many options for fun activities that it offers to its residents. If you want to live in a small town that is full of life, then Stuart FL might just be the one for you. This town is located on the Treasure Coast of Florida and is close to the world-famous St. Lucie River and Indian River Lagoon. Climate Stuart is the kind of place you’ll want to spend most of your time outdoors. This town has a tropical climate, meaning it has hot and humid summers and warm and dry winters. Although summer...
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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 June 2018 Market ReportThere are two condos for sale in Fairway Villas on Hutchinson Island in Indian River Plantation for June 2018.  The list prices are $294,000 and $375,000 for an average of $334,500 which is $291.43 per sq. ft. of living area.There are no condos currently under contract.There have been 2 sales in the past 12 months.  Sales prices were $420,000 and $426,500 for an average of $423,250 which equals $256.52 per sq. ft. of living area.  These condos were on the market for an average of 21 days prior to going under contract and sold for an average of 96% of list price.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 a...
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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)
Seascape Condos in Rocky Point June 2018 Market ReportThere are no condos currently available to purchase in the Seascape condo complex in the Rocky Point area of Stuart FL.Also, there aren't any condos currently under contract.In the past 12 months, 4 Seascape condos have sold.  Sales prices ranged from $131,000 up to $165,000 for an average sales price of  $145,250 which works out to $114.63 per sq. ft. of living area.  These condos were on the market for an average of 89 days before they went under contract and sold for an average of 96% of the list price.About Seascape Condos in Rocky Point in Stuart FL:A complex of 46 condos built from 1985 to 1988 in a very private and secluded area in the Rocky Point community of Stuart FL.  The condos in Seascape range from 4 bedroom 3 bathroom ...
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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 2018 Market ReportAs of June 2018, there were 2 homes available for sale in the Bay Colony of Stuart. These homes are listed for $895,000 and $1,150,000 for an average list price of $1,022,500 or $317.77 per sq. ft. of living area.There are no homes currently under contract.One home has sold in the past 12 months in Bay Colony.  The sales price was $737,500 or $207.75 per sq. ft. of living area.  This home sold for 98% of list price after being on the market for 100 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 2018, only two vacant lots remain.Many homes in Bay Colony are waterfront and enjoy gorgeous mile long wide open vi...
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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 2018 Market ReportAs of June 2018, there are 3 condos for sale in the Tennis Villas of Indian River Plantation on Hutchinson Island in Stuart FL.  These condos are listed for prices ranging from $259,000 up to $279,000 for an average list price of $269,000 which is $299.00 per sq. ft. of living area.There are no condos under contract at this time.2 Tennis Villas condos have sold in the past 12 months.  The sales prices were $250,000 and $262,000 for an average sales price of $256,000 or $293.92 per sq. ft. of living area. These condos sold for an average of 94% of list price with and were on the market for 202 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...
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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)
Saint Lucie Club Condos June 2018 Market ReportFor early June 2018, there are 4 condos for sale in the St Lucie Club Condos (officially known as the Saint Lucie Club Apartment Homes Condo).  These condos are listed with prices from $149,900 up to $215,000 for an average list price of $178,225 which equals $128.26 per sq. ft. of living area.There are no condos currently under contract and awaiting settlement.In the past 12 months, one St. Lucie Club condo has sold.   The sales price was $215,000 or $159.14 per sq. ft. of living area and this condo was only on the market for 4 days prior to going under contract.  It sold for 98% of the 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 Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Ocean Terrace Condos May 2018 Market ReportFor May 2018 there are two condos available for sale in the Ocean Terrace building in Indian River Plantation on Hutchinson Island in Stuart FL.  These two condos are listed for $229,900 and $650,000 for an average list price of $439,950 or $355.58 per sq. ft. of living area.There are no Ocean Terrace condos currently under contract.In the past 12 months, 3 condos have sold in Ocean Terrace. The sales prices ranged from $195,000 up to $495,000 for an average sales price of $323,300 which is $269.42 per sq. ft. of living area.  Sale prices averaged 90% of the last list price and these condos averaged 22 days on market before going under contract.About the Ocean Terrace Condominiums in Indian River PlantationThe Ocean Terrace condos of Hutchinson...
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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)
Dunes Club Condos May 2018 Market ReportFor May 2018 there are no condos available to purchase in the Dunes Club on Hutchinson Island. Also, there are no condos currently under contract in the Dunes Club. And, in the past twelve months, only one condo has sold.  The sales price was $300,000 or $229.01 per sq. ft. of living area.  This condo sold for 95% of list price and went under contract 5 days after being listed.About the Dunes Club Condos on Hutchinson IslandThe Dunes Club Condos of Hutchinson Island just outside of the Indian River Plantation complex of Stuart FL is an oceanfront complex of spacious townhome style condos.  These units were built in 1974. There are 18 residences; all are 2 bedroom and 3 bath condos with 1,310 sq. ft. of living area.There is ample parking for all as...
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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 2018 Market ReportFor May 2018 there are 12 active listings in the Harborage Yacht Club with list prices ranging from $148,500 up to $450,000 for an average list price of $233,567 which comes out to $171.89 per sq. ft. of living area.There are 3 condos currently under contract.  The list prices were from $155,000 up to $169,000 for an average list price of $161,300 or $135.20 per sq. ft. of living area. These 3 condos were on the market for an average of 766 days before going under contract.In the past 12 months, 8 condos have sold.  Sales prices were from $101,400 up to $265,000 for an average sales price of $138,425 which equals $111.68 per sq. ft. of living area.  These condos sold on average at 88% of list price and took an average of 208 days before going 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)
Legacy Cove Stuart FL May 2018 Market ReportThere is currently 1 home available for sale in Legacy Cove in Stuart, FL.  The list price is $389,000 which is $205.71 per sq. ft. of living area. There is one home currently under contract awaiting settlement.  The list price was $650,000 or $175.87 per sq. ft. of living area.  This home was on the market for 93 days prior to going under contract. In the past 12 months, 6 homes have sold in Legacy Cove with sales prices ranging from $342,000 up to $471,000 for an average sales price of $396,167 which works out to $163.35 per sq. ft. of living area.  These sales averaged 97% of list price and went under contract in an average of 31 days after going on the market.About Legacy Cove in Stuart FL:Legacy Cove in Stuart Florida is a gated lakeside ...
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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 Pines Townhouses May 2018 Market ReportAs of May 2018, there are 3 active listings for River Pines townhouses for sale in Stuart, FL.  Prices range from a low of $160,999 up to $169,900 which equals to an average list price of $165,213 or $128.27 per sq. ft. of living area.There is only 1River Pines townhome under contract awaiting sale.  The list price was $174,900 or $135.79 per sq. ft. of living area.  This property was on the market for 76 days prior to going under contract.In the past 12 months, 31 townhouses have sold in River Pines with sales prices ranging from$115,000 up to $165,000 which equals to an average sales price of $143,776 or $110.04 per sq. ft. of living area.  These townhomes have been on the market for an average of 93 days prior to going under contract and s...
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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 2018 Market Report for Ocean House in Indian River PlantationMay 2018 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, with list prices for both of these condos is $499,000 or $372.39 per square ft. of living area.There are no condos currently under contract awaiting settlement.In the past 12 months, there was only 1 sale in Ocean House.  The sales price was $632,150 or $471.75 per square foot of living area.  These condos sold for 99% of list price and went under contract 155 days after being listed.One of the newest buildings in Indian River Plantation, Ocean House, is also the most magnificent.  Consisting of 79 Luxury Condo units of either 2 or 3 spacious bedrooms w...
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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 April 2018 Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2018 For April 2018 in the 34997 Zip Code area of Stuart, Florida: There are currently 57 active condo listings (Up by 1 condos from March). 19 Condo sales are pending and awaiting close or lender approval (Down by 4 condos from March). 9 Condos Sold in April (Decreased by 11 condos from March).       The Stuart FL condo market for zip code 34997 showed slower activity for April after a red-hot March.  Pending sales are off by quite a lot as were the closed sales.  In great need of more condos available for sale in this area of Stuart FL.      The absorption rate jumped to 6.3 months in April compared to 2.4 months for March.  Back into a balanced market for the 34997 zi...
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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 April 2018 Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for April 2018 For April 2018 in the 34997 Zip Code area of Stuart, Florida: There are currently 276 active listings (Decreased by 21 homes from March). 166 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from March). 84 Homes Sold in April (Decreased by 8 homes from March)       The Stuart Florida Residential Market for ZIP Code 34997 remains very active.  There is strong sales and pending activity.  The decrease in inventory is troubling for the future of the market with the potential for much higher prices potentially pricing many out of this market.      The absorption rate was almost unchanged at 3.3 months (was 3....
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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 April 2018 Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for April 2018 For April 2018 in the 34996 Zip Code area of Stuart, Florida : There are currently 125 active condo listings (Down by 14 condos from last month). 59 Condo sales are pending and awaiting close or lender approval (Up by 4 condos from March). 39 Condos Sold in April (Up by 10 condos from March)  The Stuart FL 34996 Condo Market of Stuart had a very strong April with increases in closed and pending sales.  Unfortunately, the inventory dropped. The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 3.2 months from March’s 4.8 months.  Moving to a stronger sellers’ market for this segment of Martin County condos.  A balanced market is consi...
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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 April 2018 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for April 2018 For April 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida : There are currently 128 active listings (Decreased by 5 homes from March). 46 Residential sales are pending and awaiting close or lender approval (Down by 2 homes from March). 28 Homes Sold in April (Down by 1 homes from March). The 34996 zip code area of the Stuart Florida residential real estate market continued the strong activity from March.  The low inventory of available homes for sale may be an issue for the coming months. The one-month absorption rate for the 34996 zip code area of Stuart Florida for April remained unchanged from March at 4.6 months.  Remaining as a selle...
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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)
Poppleton Creek Condo Market Report for May 2018As of May 2018, there were no condos available for sale in the Poppleton Creek community of Stuart, FL.There is 1 condo currently under contract. The list price was $96,900 or $110.74 per sq. ft. of living area.  This condo was on the market for 4 days prior to going under contract.In the past 12 months, there have been 8 sales.  Sales prices ranged from $85,000 up to $155,000 for an average sales price of $128,474 which equals $110.34 per sq. ft. of living area.  These condos averaged 80 days on the market before going under contract and sold for an average of 96% of list price.About the Poppleton Creek Condo Community in Stuart FL:Conveniently located just west of US-1 (Federal Highway) on Kanner Highway and close to downtown Stuart is 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)
Coral Lakes May 2018 Market ReportFor may 2018 there are 5 homes available for sale in Coral Lakes in Stuart FL.  These homes are listed from $364,500 up to $750,000 for an average list price of $504,280 which is equal to $194.20 per sq. ft. of living area.There is one home currently under contract in Coral Lakes.  This home was listed for $385,000 or $205.88 per sq. ft. of living area and was on the market for 48 days before going under contract.6 homes have sold in the past 12 months in Coral Lakes.  These homes sold for $272,000 up to $449,900 for an average sales price of $370,273 which works out to $179.49 per sq. ft. of living area. These homes were on the market for an average of 75 days before going under contract and sold for 95% of the list price.About Coral Lakes in 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 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). 75 Condo sales are pending and awaiting close or lender approval. (Increased by 8 condos from last month)  28 Condos Sold in March (Increased by 2 condos from March). 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...
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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)
tuart Florida 34994 Residential Market Report April 2018STUART REAL ESTATE Snapshot for ZIP Code 34994, Residential Sales for April 2018For April 2018 in the 34994 Zip Code area of Stuart, Florida :There are currently 74 active listings (Down by 1 homes from March)35 Residential sales are pending and awaiting close or lender approval (Increased by 1 homes from last month).13 Homes Sold in March (Decreased by 14 homes from March)The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a decrease in closed sales from last month (which were very strong) but remains a very strong market.The one-month absorption rate for the 34994 zip code for March jumped to 5.7 months from 2.8 months for March.  Hanging on to a seller’s market for the 34994 zip code area of...
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