River Pines Townhouses November 2017 Market Report

River Pines Townhouses November 2017 Market Report

As of November 2017, there are 6 active listings for River Pines townhouses for sale in Stuart, FL.  Prices range from a low of $147,500 up to $159,750 which equals to an average list price of $153,342 or $115.06 per sq. ft. of living area.

There are 5 River Pines town homes under contract awaiting sale.  List prices are from $138,500 up to $174,900 for an average list price of $151,840 or $113.05 per sq. ft. of living area.  These properties averaged 122 days on the market prior to going under contract.

In the past 12 months, 23 townhouses have sold in River Pines with sales prices ranging from$129,900 to $165,000 which equals to an average sales price of $144,689 or $112.29 per sq. ft. of living area.  These townhomes have been on the market for an average of 66 days prior to going under contract and sold for 98% of the last list price.

About River Pines in Stuart FL:River Pines Townhomes

Located just off the Intracoastal Waterway off of Cove Road in Stuart is the River Pines community. 396 private residences in quad style town-homes.   This community was built in 1981 and 1982 and all homes are 1288 sq. ft. of living area with 2 bedrooms and 2 and ½ baths. There are large private courtyards for each home, some of which the residents have enclosed for added living area.

River Pines in Stuart FL

Only a short walk or bike ride to the Saint Lucie River with access for kayak launch. Boat ramps also nearby. All ages are welcome and 2 small pets are permitted. Each home has 2 reserved parking spots with additional guest parking. Amenities include 2 Community pools, tennis courts and racquetball/handball courts. There’s also a private preserve adjacent to the Intracoastal available exclusively for residents use.

River Pines in Stuart FL

A very well run community with excellent financials. Residents have the option of joining the Miles Grant golf club (just across the street).

River Pines in Stuart FL

As of November 2017, HOA fees were $167 per month.

River Pines in Stuart FL

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River Pines Townhouses November 2017 Market Report

Stuart Florida 34994 Residential Market Report October 2017

Stuart Florida 34994 Residential Market Report October 2017

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

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

There are currently 76 active listings (Unchanged from September)

Stuart Florida 34994 Residential Market Report October 2017

27 Residential sales are pending and awaiting close or lender approval (Increased by 6 homes from last month).

Stuart Florida 34994 Residential Market Report October 2017

12 Homes Sold in September (Increased by 4 homes from September)

Stuart Florida 34994 Residential Market Report October 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida rebounded some from the previous month’s slower hurricane impacted activity.

The one month absorption rate for the 34994 zip code for October decreased to 6.3 months from 9.5 months for September.  Bringing the 34994 zip code area of Stuart, FL back into a balanced market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The October 2016 numbers were 56 Active Listings, 32 pending sales, and 16 closed sales.  Better sales and pending activity last year even though the inventory was smaller.  Some of this year’s activity could have been impacted by Hurricane Irma which shut down real estate for a little over a week in September with ripple effects that continued longer.

Stuart Florida 34994 Residential Market Report October 2017

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Stuart Florida 34994 Residential Real Estate Market Report October 2017

Legacy Cove Stuart FL November 2017 Market Report

Legacy Cove Stuart FL November 2017 Market Report

There are currently no homes available for sale in Legacy Cove in Stuart, FL.

There is one home currently under contract awaiting settlement.  The list price was $410,000 or $164.53 per sq. ft. of living area.  This home was on the market for 11 days prior to going under contract.

In the past 12 months, 10 homes have sold in Legacy Cove with sales prices ranging from $288,000 to $435,000 for an average sales price of $351,000 or $162.13 per sq. ft. of living area.  These sales averaged 97% of list price and went under contract in an average of 46 days after going on the market.

About Legacy Cove in Stuart FL:

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 from 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 clubhouse 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 FL enjoy a relaxing lifestyle with easy access to restaurants, shopping and the many waterways, beaches and public parks that Martin County has to offer.

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Legacy Cove Stuart FL November 2017 Market Report

 

Springtree Stuart FL November 2017 Market Report

Springtree Stuart FL November 2017 Market Report

For November 2017 there are two homes available to purchase in Springtree.  The list prices for these homes are $320,000 and $329,000 for an average list price of $324,500 which is $178.69 per sq. ft. of living area.

There is 1 home under contract in Springtree.  The last list price was $249,000 or $149.10 per sq. ft. of living area. This home was on the market for 21 days prior to going under contract.

4 Springtree homes have sold in the past 12 months.  Sales prices ranged from $202,000 to $295,000 for an average sales price of $258,000 which equals $151.48 per sq. ft. of living area.  Sales prices averaged 95% of list price and these homes took an average of 73 days to go under contract.

About the Springtree Community in Stuart FL:

Springtree Entrance - Stuart Florida real Estate

Springtree is a beautiful small development just west of US 1 in Stuart, Florida. Conveniently located between Indian Street and Salerno Road, Springtree is close to shopping, restaurants, beaches and easy access to I-95 for commuters. This community is a wonderful family neighborhood and in the Martin County ‘A’ rated school district, with Pinewood Elementary, Stuart Middle and Martin County High.

Springtree - Stuart Florida Homes for Sale

Engle Homes completed this community between the years of 2000 and 2003. This is a gated community with a lighted lake and fountain as the centerpiece of the community.  Low HOA fees of approximately $120. month make this an affordable community.   Many homes boast wonderful private lakeside views. Springtree also has a number of preserve areas as well as a playground to keep the tots occupied.

Springtree - Homes for Sale in Stuart Florida

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For any questions you may have about Springtree Stuart FL November 2017 Market Report, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Springtree Stuart FL November 2017 Market Report

Stuart FL 34997 Condo Market Report September 2017

Stuart FL 34997 Condo Market Report September 2017

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

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

There are currently 49 active condo listings (Increased by 5 condos from August).

Stuart FL 34997 Condo Market Report September 2017

18 Condo sales are pending and awaiting close or lender approval (Decreased by 5 condos from August).

Stuart FL 34997 Condo Market Report September 2017

13 Condos Sold in September (Decreased by 4 condos from August).

Stuart FL 34997 Condo Market Report September 2017

     The Stuart FL condo market for zip code 34997 continues to show strong activity but also now with a troubling decrease in available condos for sale.  This month’s activity may been impacted by Hurricane Irma which shut down real estate for a little over a week last month.
     The absorption rate increased to 3.8 months in September compared to 2.6 months for August.  Still in a very strong 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 September 2016 numbers were: 72 active listings, 19 pending sales, and 16 closed sales.  Better closed sales last year but that was with a much greater inventory of available condos.

Stuart FL 34997 Condo Market Report September 2017

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