Stuart FL 34997 Residential Market Report August 2017

Stuart FL 34997 Residential Market Report August 2017

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

 

There are currently 291 active listings (Decreased by 1 homes from July).

Stuart FL 34997 Residential Market Report August 2017

141 Residential sales are pending and awaiting close or lender approval (Decreased by 39 homes from July).

Stuart FL 34997 Residential Market Report August 2017

86 Homes Sold in August (Increased by 2 homes from July)

Stuart FL 34997 Residential Market Report August 2017

      The Stuart Florida Residential Market for ZIP Code 34997 continues with very active closed sales activity, but also had a large drop in pending sales for August.
     The absorption rate inched down to 3.4 months (was 3.5 months for July).  Continuing as a strong sellers’ market for the 34997 zip code area of Stuart for August 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 August, were: 297 active listings, 146 pending listings and 78 closed sales.  Very similar  activity when compared to last year.
Stuart FL 34997 Residential Market Report August 2017

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 August 2017

 

Kiching Cove Waterfront Acreage Reduced

Kiching Cove Waterfront Acreage Reduced

1033 SE Mitchell Ave in the Sandpiper-Club Med area of Port St. Lucie has a new price of $920,000.

A unique opportunity to purchase a 2.6 (+/-) acre waterfront parcel in the Sandpiper area of Port St. Lucie.  This vacant lot has gorgeous wide water views of Kiching Cove off the North Fork of the Saint Lucie River. Over 400 feet of ocean access water frontage and an existing dock (in need of repair) that can handle large yachts and the option to rebuild the old boat house exists.  There are many mature moss-filled oak trees and sable palms on the property as well as the remains of an older CBS home. This large parcel is suitable for a grand estate or there’s a potential to subdivide into numerous parcels. (Check with the City for details.)  Located close to the Club Med resort and only a short distance from shopping, restaurants and medical facilities along the US-1 corridor.  This is truly a breathtaking and one of a kind property that does not come available for purchase very often.

Ocean access waterfront land Ocean access waterfront land

View more pictures and information here

Ocean access waterfront land Ocean access waterfront land

Search here for all waterfront land

Presented by Gabe Sanders
Stuart Florida Real Estate
772-888-2885

Kiching Cove Waterfront Acreage Reduced

Stuart FL 34996 Condo Market Report August 2017

Stuart FL 34996 Condo Market Report August 2017

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

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

There are currently 107 active condo listings (Decreased by 15 condos from last month).

Stuart FL 34996 Condo Market Report August 2017

39 Condo sales are pending and awaiting close or lender approval (Decreased by 4 condos from July).

Stuart FL 34996 Condo Market Report August 2017

28 Condos Sold in August (Up by 7 condos from July) 

Stuart FL 34996 Condo Market Report August 2017

The Stuart FL 34996 Condo Market of Stuart showed surprisingly stronger activity for August of 2017.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 3.8 months from July’s 5.8 months.  A stronger sellers’ 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 August 2016 were: 120 active listings, 33 pending sales and 16 closed sales.  Stronger activity for this year when compared to August of 2016.

Stuart FL 34996 Condo Market Report August 2017

Search Stuart FL Condos Here

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report August 2017

Southwood Real Estate Market Report September 2017

Southwood Real Estate Market Report September 2017

For September 2017 there is only 1 home for sale in the Southwood community of Stuart, FL.  This home is priced for $449,900 which equals $203.02 per sq. ft. of living area.

There are 3 homes under contract. These homes were listed with prices from $350,000 up to $419,000 for an average list price of $380,333 or $193.78 per sq. ft. of living area.  These homes averaged 23 days on the market before going under contract.

In the past 12 months, 9 homes have sold in the Southwood subdivision of Stuart.  The sales prices ranged from $312,500 up to $425,000 for an average sales price of $359,833 which works out to $167.57 per sq. ft. of living area.  These homes went under contract in an average of 90 days and sold for 97% of the last list price.

About Southwood in Stuart, FL:

Southwood is a small community of 115 home sites located just south east of Salerno Rd on Kanner Highway in Stuart FL.  This location makes it easy for anyone wishing to commute either north or south as it’s only a few minutes to I-95.  It is also close to the Publix shopping center at the intersection of Kanner Highway and Salerno Rd and also just minutes to Martin Memorial South Hospital.  Only about 10 to 15 minutes to downtown Stuart and just slightly longer to the beaches and waterways of Martin County.

Entrance to Southwood of Stuart FL

Children in Southwood attend Pinewood Elementary, David L. Anderson Middle and Martin County High Schools.  All great schools.  Click on the above links for more information about each school.

One enters the Southwood subdivision through a long private drive.  Currently this community is not gated, yet offers the utmost in privacy and safety.  The homes were built from 1990 to 2001 and are all individual styles from various builders.  This is not a cookie cutter community.  Home sizes range from 3 bedroom, 2 bathroom homes with 2 car garages of just under 1,700 square feet of living area of to 4 bedroom, 3 bathroom homes of just under 3,000 sq. ft.

pond in Southwood of Stuart FL

There are a number of ponds and creeks throughout Southwood and this community is mostly surrounded by either preserve lands or acreage.  There is no community pool or clubhouse so the HOA fees are a very reasonable $285 a quarter as of this writing and include trash and basic cable TV.  Though there are some magnificent nature trails through thepreserve areas.

creek in Southwood of Stuart FL

Southwood is a gem of a neighborhood and is little known to many Martin County residents.  There is very low turnover in this community so, if you’re interested let us know and we can put you on a listing alert notification for this community.

Home in Southwood of Stuart FL

Click here to see if any Southwood Homes are currently available

Southwood September 2017 Market Report

Stuart FL 34996 Residential Market Report August 2017

Stuart FL 34996 Residential Market Report August 2017

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for August 2017

 

For August 2017 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 145 active listings (Down by 2 homes from July).

Stuart FL 34996 Residential Market Report August 2017

14 Residential sales are pending and awaiting close or lender approval (Down by 29 homes from July).

Stuart FL 34996 Residential Market Report August 2017

12 Homes Sold in August (Decreased by 24 homes from July).

Stuart FL 34996 Residential Market Report August 2017

The 34996 zip code area of the Stuart Florida residential real estate showed greatly reduced activity for August.

The one month absorption rate for the 34996 zip code area of Stuart Florida for August jumped to 12.1 months as compared to July’s 4.1 months.  Into a strong buyers’ market for the 34996 zip code area of Stuart FL.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for August of 2016 were: 144 active listings, 32 pending sales, and 12 closed sales.  Better volume of sales and pending sales this year.

Stuart FL 34996 Residential Market Report August 2017

 Search here for real estate in the 34996 Zip Code of Stuart FL

Stuart Florida Real Estate presented by:

Gabe Sanders – Stuart Florida Real Estate

Stuart FL 34996 Residential Market Report August 2017