Stuart FL 34997 Condo Market Report December 2017

Stuart FL 34997 Condo Market Report December 2017

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2017

For December 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 57 active condo listings (Unchanged from November).

17 Condo sales are pending and awaiting close or lender approval (Unchanged from November).

19 Condos Sold in December (Increased by 9 condos from November).

Stuart FL 34997 Condo Market Report December 2017

      The Stuart FL condo market for zip code 34997 continues with very strong activity even though the inventory is now down which may be reflected in the lower pending sale numbers.

     The absorption rate decreased to 3.0 months in December compared to 4.9 months for November.  More of an extreme seller’s market for the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The December 2016 numbers were: 83 active listings, 29 pending sales, and 11 closed sales.  Better closed volume, but less pensingsales on a reduced inventory for December 2017.

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Stuart FL 34997 Condo Market Report December 2017

 

 

Osprey Cove in Hobe Sound January 2018 Market Report

Osprey Cove in Hobe Sound January 2018 Market Report

There is currently 5 homes for sale in Osprey Cove in Hobe Sound, FL.  The list prices range from $560,000 up to $1,000,000 for an average list price of $736,800 or $225.13 per sq. ft. of living area.

There are is one home that is under contract and pending.  This home was listed for $644,000 which is $227.16 per sq. ft. of living area. This home was on the market for 28 days prior to going under contract.

In the past 12 months, 8 homes have sold in Osprey Cove with sales prices ranging from $575,000 up to $755,000 for an average sale price of $658,125 or $218.81 per sq. ft. of living area. These sales averaged 135 days on the market and sales prices averaged 97% of list price.

About Osprey Cove in Hobe Sound:

Osprey Cove in Hobe Sound

Clubhouse

Osprey Cove in Hobe Sound, Florida is a waterfront community off of Gomez Avenue in the vibrant Hobe Sound area of Martin County, Florida.  It is also known as the Osprey Cove Yacht Club and boasts 32 deep water boat slips just off the Intracoastal Waterway.  There are only 86 homes in this gated community that broke ground in late 2000 with homes being completed from 2000 through 2006.   Homes range in size from 3 bedroom, 3 bathroom, 2 car garage homes of 2,230 sq. ft. to 5 bedroom, 4 and 1/2 bathroom, 3 car garage pool homes of over 4,000 sq. ft. of living area.  There’s also a community pool and tennis court available to all residents.

Osprey Cove in Hobe SoundFor boaters, the docks are approximately 5 miles from the Saint Lucie Inlet of Martin County and just under 10 miles from the Jupiter Inlet in Palm Beach County.  All Osprey Cove residents enjoy easy access to shopping, restaurants and the pristine beaches of Jupiter Island in Martin County.

Osprey Cove in Hobe Sound

For families, the Martin County School District is one of the highest rated in Florida and children attend the Hobe Sound elementary school, Murray middle school and South Fork high school.  There are also a number of excellent private schools located nearby, including the Pine School.

Osprey Cove in Hobe Sound

You can find additional information at the Osprey Cove in Hobe Sound Homeowner’s Association web page.

 Osprey Cove in Hobe Sound January 2018 Market Report

For any questions you may have about Osprey Cove in Hobe Sound, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Hobe Sound Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Osprey Cove in Hobe Sound January 2018 Market Report

Stuart FL 34997 Residential Market Report December 2017

Stuart FL 34997 Residential Market Report December 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2017

For December 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 275 active listings (Decreased by 10 homes from November).

Stuart FL 34997 Residential Market Report December 2017

121 Residential sales are pending and awaiting close or lender approval (Decreased by 17 homes from November).

Stuart FL 34997 Residential Market Report December 2017

81 Homes Sold in December (Increased by 11 homes from November)

Stuart FL 34997 Residential Market Report December 2017

      The Stuart Florida Residential Market for ZIP Code 34997 continues as one of the most active segments of the Martin County Florida real estate market.
     The absorption rate inched down to 3.4 months (was 4.1 months for November).  Becoming a very extreme seller’s market for the 34997 zip code area of Stuart for December 2017.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2016 numbers for December, were: 334 active listings, 120 pending listings, and 69 closed sales.  A much stroger market for sales this year on a smaller number of available homes for sale (inventory).
Stuart FL 34997 Residential Market Report December 2017

Are you interested in the value of your Stuart FL Home?
Click on this link and fill out the form for an accurate personal evaluation

Search here for 34997 Zip Code of Stuart FL real estate for sale

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Stuart FL 34997 Residential Market Report December 2017

 

Gabe’s January 2018 Housing Trends eNewsletter

Housingtrends eNewsletter 4

Gabe’s January 2018 Housing Trends eNewsletter

Here’s the link to Gabe’s January 2018 Housing Trends eNewsletter.  The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.

It also includes press releases with charts and videos, key market indicators and real estate sales and price statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.

If you are interested in determining the value of your home, click the “Your Home Value” link for a free evaluation report.

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you have and to the opportunity to be your REALTOR® in the future.

This housing trends newsletter is updated monthly and I’ll post a notice here when the latest version is online. (Click on the image below to view the newsletter)

 Gabes January 2018 Housing Trends eNewsletter

January 2018 Housing Trends eNewsletter

Stuart FL 34996 Condo Market Report December 2017

Stuart FL 34996 Condo Market Report December 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2017

For December 2017 in the 34996 Zip Code area of Stuart, Florida :

There are currently 134 active condo listings (Unchanged from last month).

Stuart FL 34996 Condo Market Report December 2017

35 Condo sales are pending and awaiting close or lender approval (Also unchanged from November).

Stuart FL 34996 Condo Market Report December 2017

20 Condos Sold in December (Up by 5 condos from November) 

Stuart FL 34996 Condo Market Report December 2017

The Stuart FL 34996 Condo Market of Stuart continues with improved sales volume for the last month of the 2017.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 decreased to 6.7 months from November’s 8.9 months.  Drifting back into a balanced market for this segment of Martin County condos.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for December 2016 were: 153 active listings, 35 pending sales and 20 closed sales.  Identical sales volume as last year on a reduced number of available condos for sale (inventory).

Stuart FL 34996 Condo Market Report December 2017

Are you interested in the value of your Stuart FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

Search Stuart FL Condos Here

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report December 2017