Stuart FL 34997 Condo Market Report May 2017

Stuart FL 34997 Condo Market Report May 2017

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

 

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

There are currently 61 active condo listings (Decreased by 9 condos from April).

Stuart FL 34997 Condo Market Report May 2017

22 Condo sales are pending and awaiting close or lender approval (Decreased by 22 condos from April).

Stuart FL 34997 Condo Market Report May 2017

37 Condos Sold in May (Increased by 32 condos from April).

Stuart FL 34997 Condo Market Report May 2017

     The Stuart FL condo market for zip code 34997 had a surprisingly large jump in closed sales after a disapointing prior month.  Pending sales are down, though, an it will be very difficult to have this kind of activity continue through the coming summer months.  The inventoy is also down.
     The absorption rate plunged to 1.6 months in May from 14 months for April.  A huge shift into a sellers’ 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 May 2016 numbers were: 73 active listings, 40 pending sales and 17 closed sales.  Considerably stronger closed sales this month compared to last year.

Stuart FL 34997 Condo Market Report May 2017

Stuart Florida Real Estate presented by:
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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2017

 

 

Stuart Florida Market Report ZIP Code 34994 Residential May 2017

Stuart Florida Market Report ZIP Code 34994 Residential May 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for May 2017

For May, 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 71 active listings (Increased by 2 homes from April)

Stuart Florida Market Report ZIP Code 34994 Residential May 2017

32 Residential sales are pending and awaiting close or lender approval (Decreased by 1 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential May 2017

16 Homes Sold in April (Up by 4 homes from April)

Stuart Florida Market Report ZIP Code 34994 Residential May 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues with strong activity for May.

The one month absorption rate for the 34994 zip code for May decreased to 4.4 months from 5.8 months for April.  Trending back towards more of a sellers’ market for the 34994 zip code area of Stuart, FL.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The May 2016 numbers were 62 Active Listings, 43 pending sales and 18 closed sales.  Better pending and closed activity last year with less inventory.

Stuart Florida Market Report ZIP Code 34994 Residential May 2017

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential May 2017

Stuart FL 34997 Condo Market Report April 2017

Stuart FL 34997 Condo Market Report April 2017

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

 

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

There are currently 70 active condo listings (Decreased by 5 condos from March).

Stuart FL 34997 Condo Market Report April 2017

44 Condo sales are pending and awaiting close or lender approval (Unchanged from March).

Stuart FL 34997 Condo Market Report April 2017

5 Condos Sold in April (Decreased by 13 condos from March).

Stuart FL 34997 Condo Market Report April 2017

     The Stuart FL condo market for zip code 34997 showed a large (and unexpectd0 decrease in closed sales for the month.  Pending sales remain strong, so this may just be a one month anomaly.
     The absorption rate jumped to 14 months in April from 4.2 months for March.  A big shift into a buyers’ 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 April 2016 numbers were: 71 active listings, 39 pending sales and 16 closed sales.  A very unexpected decrease in closed sales when compared to last year.

Stuart FL 34997 Condo Market Report April 2017

Stuart Florida Real Estate presented by:
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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for April 2017

 

 

May 2017 Market Report for Legacy Cove in Stuart Florida

May 2017 Market Report for Legacy Cove in Stuart Florida

There are currently 3 homes for sale in Legacy Cove in Stuart, FL.  Listing prices range from $389,900 to $439,000 for an average listing price of $411,297 or a price per square foot of living area of $174.24.

There is one home currently under contract awaiting settlement.  The list price is $404,900 or $157.12 per sq. ft. of living area.  This home was on the market for 23 days prior to going under contract.

In the past 12 months, 16 homes have sold in Legacy Cove with sales prices ranging from $288,000 to $465,000 for an average sales price of $349,590 or $160.62 per sq. ft. of living area.  These sales averaged 97% of list price and went under contract in an average of 55 days after going on the market.

Legacy Cove in Stuart FL

Legacy Cove in Stuart Florida is a gated lakeside community of 229 homes off of Cove Road in Stuart, Florida.  Legacy Cove consists of two sections. The first section of 142 homes called the Cove Isle development was mostly completed between 2004 and 2005.  The newer section, called the Cove Lakes development consists of 87 home sites with construction that began in 2007.  Some homes are yet to be completed in Cove lakes.

Legacy Cove in Stuart FL

There’s a wide variety of homes in Legacy Cove, ranging for the smallest, a 3 bedroom, 2 bathroom, 2 car garage with a little under 1,600 square feet of living area to  4, possible 5 bedroom, 3 and a 1/2 bathroom, 3 car garage two story homes with almost 4,000 square feet of living area.  And many sizes in between.

Legacy Cove in Stuart FL

Legacy Cove boasts a community pool and club house with a fitness center as well as two hard surfaced tennis courts.  Many homes in Legacy Cove in Stuart Florida have serene lake views and a comfortable private feeling.  Located just minutes from I-95, this is a great location for those wishing to take advantage of Martin County’s amenities while still having an easy commute to work either north or south.

Legacy Cove in Stuart FL

Legacy Cove is in an ‘A’ Martin County school system with children currently attending Pinewood elementary school, Dr. David L Anderson middle school and Martin County high school.

Legacy Cove in Stuart FL

The HOA fees are very reasonable at $688.00 per quarter.  Management of the community is through Bristol Management of Stuart.

Legacy Cove in Stuart FL

Residents of Legacy Cove in Stuart Florida enjoy a relaxing life style with easy access to restaurants, shopping and the many waterways, beaches and public parks that Martin County has to offer.

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For any questions you may have about Locks landing, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Stuart Florida Real Estate

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May 2017 Market Report for Legacy Cove in Stuart Florida

 

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for April 2017

For April, 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 69 active listings (Unchanged from March)

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

33 Residential sales are pending and awaiting close or lender approval (Decreased by 1 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential April 2017

12 Homes Sold in March (Down by 3 homes from March)

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida retreated a bit with both pending sales and closed sales decreasing for the month of April.

The one month absorption rate for the 34994 zip code for April increased to 5.8 months from 4.6 months for March.  Once again approaching a balanced market for the 34994 zip code area of Stuart, FL.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The April 2016 numbers were 65 Active Listings, 49 pending sales and 10 closed sales.  Considerably better pending sales activity last year with a slightly higher closed sales activity for this year.

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

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

 

Stuart, FL Real Estate

Business Opportunity Properties

Commercial Properties

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Residential Properties

Residential Income Properties

Stuart Florida Market Report ZIP Code 34994 Residential April 2017