Stuart FL 34997 Residential Market Report March 2017

Stuart FL 34997 Residential Market Report March 2017

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

 

There are currently 332 active listings (Decreased by 11 homes from February).

Stuart FL 34997 Residential Market Report March 2017

189 Residential sales are pending and awaiting close or lender approval (Up by 7 homes from February).

Stuart FL 34997 Residential Market Report March 2017

94 Homes Sold in March (Increased by 20 homes from February)

Stuart FL 34997 Residential Market Report March 2017

      The Stuart Florida Residential Market for ZIP Code 34997 continues with strong activity for the spring of 2017 with increases in both pending and closed sales.
     The absorption rate decreased to 3.5 months (was 4.6 months for February).  A very strong sellers’ market for the 34997 zip code area of Stuart.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2016 numbers for March, were: 308 active listings, 175 pending listings and 78 closed sales.  Continued improved activity when compared to last March.
Stuart FL 34997 Residential Market Report March 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 March 2017

 

Osprey Creek April 2017 Market Report

Osprey Creek April 2017 Market Report

For April 2017 there were no homes listed in the Osprey Creek community of Martin Downs Country Club in Palm City FL.

There are also no homes currently under contract.

In the past 12 months, 2 homes have sold.  The sales prices were $190,000 and $202,500 which equals an average sale price of $196,250 or $122.14 per sq. ft. of living area.  These two homes were on the market for an average of 163 days before going under contract and sold for an average of 90% of list price.

About Osprey Creek in Martin Downs Country Club

Osprey Creek in Martin Downs Country Club

The Osprey Creek section of Martin Downs Country Club has 41 homes located on the Martin Downs Country Club Golf Course. Homes consist of both 2 and 3 bedroom single family homes ranging in size from 1,714 to 1,542 square feet of living area. All of the homes include a single car garage. As of January, 2017 the HOA fees were $240 per month. These fees include security, landscaping and lawn maintenance, exterior pest control, trash pickup and basic cable TV service.

Osprey Creek in Martin Downs Country Club Osprey Creek in Martin Downs Country Club

Martin Downs is a guard gated community that offers memberships for golf, tennis and social. Two large pools, workout room, Tiki Sports Bar and Main Dining Room. A rated schools, Public Parks, Dining, Entertainment, Boating, Fishing, Horseback Riding and other activities just minutes away.

Search for Osprey Creek Homes For Sale

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Stuart FL 34996 Condo Market Report March 2017

Stuart FL 34996 Condo Market Report March 2017

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

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

There are currently 148 active condo listings (Down by 5 condos from last month).

Stuart FL 34996 Condo Market Report March 2017

58 Condo sales are pending and awaiting close or lender approval (Increased by 2 condos from February).

Stuart FL 34996 Condo Market Report March 2017

36 Condos Sold in March (Up by 17 condos from February) 

Stuart FL 34996 Condo Market Report March 2017

The Stuart FL 34996 Condo Market of Stuart showed a continued reduction of available condos for sale (inventory) while sales and pending sales both rose.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 4.1 months from February’s 8.1 months.  Back into a 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 March 2016 were: 114 active listings, 53 pending sales and 29 closed sales.  Much stronger market this year when compared to last March.

Stuart FL 34996 Condo Market Report March 2017

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Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report March 2017

Sawgrass Villas Palm City April 2017 Market Report

Sawgrass Villas Palm City April 2017 Market Report

For April 2017 there are no townhomes available for sale in the Sawgrass Villas community of Palm City Florida.

There is one townhome that is under contract.  The list price was $204,900 which is $126.40 per sq. ft. of living area.  This home was on the market for 15 days before going under contract.

In the past 12 months 8 homes have sold.  Sales prices ranged from $197,000 up to $227,500 for an average sales price of $212,063 which works out to $116.21 per sq. ft. of living area.  These homes sold for 96% of list price and averaged 31 days on market before going under contract.

About the Sawgrass Villas in Palm City:

Sawgrass Villas in Palm City

Built in 2005, the Sawgrass Villas of palm City are one of the few newer affordable townhome style condos in the area.  There are 52 units with two different floor plans.  All are 3 bedroom, 2 bathroom with either 2.079 sq. ft. of living area for the larger floor plan or 1,621 sq. ft. for the smaller ones.  With a rare exception all of these townhouses have a 1 car garage.

Sawgrass Villas in Palm City

Great location within walking distance to shopping and some restaurants and an easy drive to historic downtown Stuart and the beaches of Martin County or to Florida’s Turnpike for those needing to get to points north or south.

Sawgrass Villas in Palm City Sawgrass Villas in Palm City

The HOA fees (March 2017) are a very reasonable $365 per month as this includes building maintenance and insurance, landscaping, trash pickup, Cable TV,  and exterior pest control.

Sawgrass Villas in Palm City

Live the easy maintenance and worry free life in these solid concrete townhomes featuring hardi-plank siding and metal roofs.

Click here to search for Sawgrass Villas homes for sale

 

Stuart FL 34996 Residential Market Report March 2017

Stuart FL 34996 Residential Market Report March 2017

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

 

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

 

There are currently 167 active listings (Up by 1 homes from February).

Stuart FL 34996 Residential Market Report March 2017

58 Residential sales are pending and awaiting close or lender approval (Down by 3 homes from February).

Stuart FL 34996 Residential Market Report March 2017

36 Homes Sold in March (Increased by 24 homes from February).

Stuart FL 34996 Residential Market Report March 2017

The 34996 zip code area of the Stuart Florida residential real estate market continued to pick up for March 2017 with a large increase in closed sales and still strong pending sales even if off by a few homes from last month.

The one month absorption rate for the 34996 zip code area of Stuart Florida for March dipped to 4.6 months as compared to February’s 13.8 months.  Transitioning back into a strong sellers 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 March of 2016 were: 163 active listings, 51 pending sales and 23 closed sales.  Better activity this year as compared to last March.

Stuart FL 34996 Residential Market Report March 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 March 2017