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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 34994 Condo Market Report December 2018  Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2018 For December 2018 in the 34994 Zip Code area of Stuart, Florida : There are currently 100 active condo listings (Up by 4 condos from November). 44 Condo sales are pending and awaiting close or lender approval. (Decreased by 4 condos from last month)  17 Condos Sold in December (Up by 8 condos from November). The Stuart FL 34994 Condo market rebounded with an increase in closed sales while a slight decrease in pending sales, but remaining as a very active market. The absorption rate for December dropped to 5.9 months compared to last month’s 10.7.  Back into a seller’s market after one month of a buyer’s market for this condo segment of Stuart’s 34994 zip c...
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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 2018Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for December 2018For November 2018 in the 34994 Zip Code area of Stuart, Florida :There are currently 76 active listings (Unchanged from November)17 Residential sales are pending and awaiting close or lender approval (Decreased by 5 homes from last month).13 Homes Sold in May (Increased by 8 homes from November)The residential real estate market for the 34994 ZIP code area of the Stuart, Florida rebounded with a good number of closed sales even if the pending sales are off a little.  The inventory remains unchanged.The one-month absorption rate for the 34994 zip code for December dropped down to 5.8 months from 15.2 months for November.  Returning to a seller’s m...
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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)
Beachwalk Condos Indian River Plantation December 2018 Market ReportThere are 2 condos currently for sale in Beachwalk for December 2018.  These condos have list prices of $349,900 and $354,900.  This is an average list price of $352,400 which equals $259.71 per sq. ft. of living area.One condo is currently under contract in Beachwalk.  This condo was listed for $335,000 or $262.95 per sq. ft. of living area.  It was on the market for 75 days before going under contract.In the past 12 months, 3 condos have sold in Beachwalk.  The sales prices ranged from $320,000 up to $340,000.  This is an average sales price of $333,333 which is $252.25 per sq. ft. of living area.  These condos sold for an average of 96% of the listed price and also took an average of 98 days on market prior to receiv...
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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 2018 Market ReportFor December 2018 there are no condos available for sale in Resort Villas in the Indian River Plantation on Hutchinson Island in Stuart FL.There are 2 condos under contract waiting to close.  The list prices were $415,000 and $429,000.  This works out to an average list price of $422,000 or $451.16 per sq. ft. of living area.  These condos averaged 21 days on the market before going under contract.In the past 12 months, 4 Resort Villas condos have sold.  Sales prices ranged from $250,000 up to $450,000.   This is an average sales price of $392,500 which works out to $453.85 per sq. ft. of living area.  These condos sold for an average of 94% of list price and went under contract in an average of 132 days after being listed.About Resort Villas 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)
Ocean Terrace Condos December 2018 Market ReportFor December 2018 there are 2 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 $219,900 and $650,000 for an average list price of $434,950 or $350.58 per sq. ft. of living area.There is 1 Ocean Terrace condo currently under contract.  The list price was $220,000 or $219.78 per sq. ft. of living area.  This condo was on the market for 57 days before going under contract.In the past 12 months, there has been only 1 condo sale in Ocean Terrace. The sales price was $495,000 which equals $383.33 per sq. ft. of living area.  This sale prices were 93% of the list price and were on the market for only 4 days before going under contract.About the O...
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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 2018 Market ReportThere are no River Village Condos available for sale as in December 2018.There is one condo under contract that has yet to close.  The list price was $255,000 which equals $217.76 per sq. ft. of living area.  This condo was on the market for 51 days prior to going under contract.In the past 12 months, 4 condos have sold in River Village.  Sales prices ranged from $239,000 up to $270,000 for an average sales price of $253,500 or $251.26 per sq. ft. of living area.  These condos sold for an average of 96% of the list price and were on the market for an average of 122 days prior to accepting a contract. About the River Village in Indian River Plantation:The River Village condos of Hutchinson Island in the Indian River Plantation complex of Stuart 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)
Sailfish (Rigels) Cove December 2018 Market ReportThere are no homes currently available for sale in Sailfish (Rigels) Cove.There are also no homes under contract at this time.There have been 2 sales in the past 12 months in Sailfish (Rigels) Cove on Hutchinson Island.   Sales prices were $978,440 and $1,100,000.  This is an average sales price of $1,039,220 or $333.65 per sq. ft. of living area.  Sales averaged 85% of list price and were on the market for an average of 255 days prior to going under contract.Sailfish (Rigels) Cove on Hutchinson IslandSailfish (Rigels) Cove is located on Hutchinson Island in Jensen Beach FL. It is also known as Rigels Cove as the name was changed to Sailfish Cove just a little over a year ago. Just a little under a mile to the south of the Jensen Beach C...
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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 2018 Market Report As of December 2018, there are 6 condos on the market in the Windjammer Yacht Club of Stuart FL.   Listing prices range from $189,900 up to $295,000.  The average list price is $227,700 which equates to a price per square foot of living area of $191.18. There are no condos currently under contract (pending sales). In the past 12 months, 15 Windjammer Waterfront Condos have sold.  Sales prices ranged from $140,000 up to $315,000.  This is an average sales price of $210,967 which equals $177.13 per sq. ft.  These condos sold for an average of 95% of the last list price and were on the market for an average of 108 days prior to accepting an offer. Windjammer is a senior (55+) community of waterfront condos in Stuart, FL on the South...
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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)
Willoughby Golf Club Stuart December 2018 Market ReportThere are currently 11 homes on the market in the Willoughby Golf Club. List prices range from $375,000 up to $1,595,000.  The average listing price is $726,618 which equates to a price per sq. ft. of living area of $217.41.There is only 1 home under contract.  The list price was $364,900 or $141.82 per sq. ft. of living area.  This is a bank owned foreclosure and was only on the market for 22 days before going under contract.In the past 12 months, 23 homes have sold in the Willoughby Golf Club.  Sales prices ranged from $340,000 up to $950,000.  This equals an average sales price of $515,370 which equals $171.54 per sq. ft. of living area.  Sales prices averaged 95% of list prices and these were on the market for an average of 123 ...
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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 2018 Market ReportThere are currently no active listings in the Beachwood Villas of Hutchinson Island.There is currently 1 pending sale in Beachwood Villas.  The list price was $455,000 which is $384.29 per sq. ft. of living area.  This condo was on the market for 104 days prior to going under contract.5 condos have sold in Beachwood Villas in the past 12 months.  The sales prices were from $310,000 up to $437,500.  This works out to an average sales price of $368,000 or $339.31 per sq. ft. of living area.  These condos sold for an average of 96% of the final listed price and in an average of 76 days on the market until there was an accepted offer.About Beachwood Villas on Hutchinson Island in Stuart FL:Beachwood Villas on Hutchinson Island is...
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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 2018 STUART REAL ESTATE Snapshot for ZIP Code 34997, Condo Sales for November 2018 For November 2018 in the 34997 Zip Code area of Stuart, Florida: There are currently 44 active condo listings (Down by 5 condos from October). 22 Condo sales are pending and awaiting close (Up by 4 condos from October). 8 Condos Sold in November (Down by 8 condos from October).       The Stuart FL condo market for zip code 34997 had lower inventory this month but also weaker closed sales.  Though, there was an increase in pending sales.      The absorption rate rose to 5.5 months in November compared to 3.1 months for October.  Drifting closer to a balanced market for the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to b...
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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)
Plantation House Condos Indian River Plantation December 2018 Market ReportThere is one condo for sale in the Plantation House of Hutchinson Island.  This condo is listed for $550,000 or $440.35 per sq. ft. of living area.There are no currently pending sales in the Plantation House.Only 1 condo has sold in the Plantation House in the past 12 months.  The sales price was $535,000 or $428.34 per sq. ft. of living area.  This condo sold for 99% of the last listed price and went under contract 52 days after going on the market.About the Plantation House on Hutchinson Island in Indian River Plantation:Located on the shores of the Atlantic Ocean, the Plantation House Condos are within the Indian River Plantation are of South Hutchinson Island which is the finest resort community in Martin Cou...
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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 2018 STUART FLORIDA REAL ESTATE Snapshot for ZIP Code 34997, Residential Sales for November 2018 For November 2018 in the 34997 Zip Code area of Stuart, Florida: There are currently 322 active listings (Increased by 6 homes from October). 126 Residential sales are pending and awaiting close or lender approval (Up by 3 homes from October). 61 Homes Sold in November (Decreased by 2 homes from October)       The Stuart Florida Residential Market for ZIP Code 34997 showed reduced activity from last month and an increase in inventory.        The absorption rate rose to 5.3 months (was 5.0 months for October).  Still a seller’s market for the 34997 zip code area of Stuart for November 2018 but trending towards a balanced market.  Typically 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)
Stuart FL 34996 Condo Market Report November 2018 STUART REAL ESTATE Snapshot for ZIP Code 34996, Condo Sales for November 2018 For November 2018 in the 34996 Zip Code area of Stuart, Florida : There are currently 119 active condo listings (Down by 8 condos from last month). 33 Condo sales are pending and awaiting close or lender approval (Up by 11 condos from October). 24 Condos Sold in November (Up by 5 condos from October)  The Stuart FL 34996 Condo Market of Stuart is bucking the trend for the rest of Martin County with increasing sales and pending sales as well as a decrease in inventory. The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 5.0 months from October’s 6.7 months. Transitioning back into a seller’s market for this segment of Martin Coun...
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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 November 2018 STUART REAL ESTATE Snapshot for ZIP Code 34996, Residential Sales for November 2018 For November 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida : There are currently 169 active listings (increased by 11 homes from October). 17 Residential sales are pending and awaiting close (Down by 4 homes from October). 13 Homes Sold in November (Down by 1 home from October). The 34996 zip code area of the Stuart Florida improved marginally from last month. The inventory continued to rise, which is good.  We also had slight increases in both pending and closed sales. The one-month absorption rate for the 34996 zip code area of Stuart Florida for November rose to 13.0 months as compared to October’s 11.3 months.  Remaining in 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)
Plantation Club Villas Indian River Plantation December 2018 Market ReportThere are no active listings in the Plantation Club Villas of Hutchinson Island for early December 2018.There is 1 pending sale in the Plantation Club Villas.  This condo was listed for $285,000 or $239.90 per sq. ft. of living area.  This condo was on the market for 22 days prior to going under contract.2 condos have sold in the Plantation Club Villas in the past 12 months.  The sales prices were $220,000 and $285,000.  This is an average sales price of $252,500 which equals $190.69 per sq. ft. of living area.  These condos sold for an average of 94% of the last listed price and were on the market for an average of 204 days before receiving an accepted offer.About the Plantation Club VillasThe Plantation Club Vil...
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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 November 2018  Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for November 2018 For November 2018 in the 34994 Zip Code area of Stuart, Florida : There are currently 96 active condo listings (Up by 11 condos from October). 48 Condo sales are pending and awaiting close or lender approval. (Increased by 3 condos from last month)  9 Condos Sold in November (Down by 5 condos from October). The Stuart FL 34994 Condo market showed slightly weaker closed activity from last month along with an increase in inventory of available condos for sale. The absorption rate for November dropped to 10.7 months compared to last month’s 6.1.  Now a buyer’s market for this condo segment of Stuart’s 34994 zip code area.  This is a large change and it’s been...
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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)
Hansons Landing November 2018 Market ReportAs of November 2018, there are 4 condos for sale in Hansons Landing in Rocky Point in Stuart FL.  List prices range from $260,000 up to $319,000.  This is an average list price of $286,000 which equals $235.60 per sq. ft. of living area.There are no condos currently under contract.In the past 12 months, 11 Hansons Landing condos have sold.  Sales prices ranged from $220,000 up to $375,000.  This works out to an average sales price of $289,091 or $204.15 per sq. ft. of living area.  These condos sold for 95% of list price and were on the market for an average of 124 days prior to going under contract. About Hansons Landing in Rocky Point:Located on 27 acres along the Intracoastal Waterway at the south-east tip of Rocky Point is the Hanson’s Land...
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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 November 2018 STUART REAL ESTATE Snapshot for ZIP Code 34994, Residential Sales for November 2018 For October 2018 in the 34994 Zip Code area of Stuart, Florida : There are currently 76 active listings (Down by 9 homes from October) 22 Residential sales are pending and awaiting close or lender approval (Increased by 4 homes from last month). 5 Homes Sold in May (Decreased by 10 homes from October) The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a dip in inventory and a large drop in sales.  Pending sales rose, just slightly. The one-month absorption rate for the 34994 zip code for November jumped up to 15.2 months from 5.7 months for October.  Transitioning into a buyer’s market for the 34994 zip c...
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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)
Snug Harbor West November 2018 Market ReportFor November 2018 there is one home available to purchase in Snug Harbor West in Stuart FL.  This home is listed for $1,150,000 or $310.64 per sq. ft. of living area.There are no homes currently under contract in Snug Harbor West.In the past 12 months, there have been no sales in Snug Harbor West.Snug Harbor West is a gated community of 17 home sites each with a deeded dock on the shores of the Saint Lucie River in a very convenient in town location in Stuart FL yet still in a quiet and peaceful location.  At this writing (September 2018) there are 11 homes in this community with 6 vacant lots (none of which are currently available for sale). These homes were constructed from 2003 till 2013 and range in sizes from a 3 bedroom, 2 bathroom home ...
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