Stuart FL 34997 Condo Market Report March 2017

Stuart FL 34997 Condo Market Report March 2017

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

 

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

There are currently 75 active condo listings (Decreased by 5 condos from February).

Stuart FL 34997 Condo Market Report March 2017

44 Condo sales are pending and awaiting close or lender approval (Up by 12 condos from February).

Stuart FL 34997 Condo Market Report March 2017

18 Condos Sold in March (Decreased by 4 condos from February).

Stuart FL 34997 Condo Market Report March 2017

     The Stuart FL condo market for zip code 34997 was the only segment of the Stuart market with a slightly lower volume of closed sales, but this market remains quite active and looks to continue as a strong market for the rest of this spring.
     The absorption rate rose to 4.2 months in March from 3.4 months for February.  Still 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 March 2016 numbers were: 75 active listings, 38 pending sales and 21 closed sales.  The only segment of the Stuart market with weaker closed sales than last year, but still strong activity and a good market.

Stuart FL 34997 Condo Market Report March 2017

Stuart Florida Real Estate presented by:
Gabe Sanders

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

 

 

Stuart Florida Market Report ZIP Code 34994 Residential March 2017

Stuart Florida Market Report ZIP Code 34994 Residential March 2017

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

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

There are currently 69 active listings (Decreased by 5 homes from February)

Stuart Florida Market Report ZIP Code 34994 Residential March 2017

34 Residential sales are pending and awaiting close or lender approval (Increased by 9 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential March 2017

15 Homes Sold in February (Up by 5 homes from February)

Stuart Florida Market Report ZIP Code 34994 Residential March 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continued to improve with both pending sales and closed sales increasing for the month of March.

The one month absorption rate for the 34994 zip code for March dropped to 4.6 months from 6.8 months for February.  Transitioning into a strong 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 March 2016 numbers were 62 Active Listings, 33 pending sales and 15 closed sales.  Very similar activity to last year.

Stuart Florida Market Report ZIP Code 34994 Residential March 2017

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Stuart Florida Market Report ZIP Code 34994 Residential March 2017

Stuart FL 34997 Condo Market Report February 2017

Stuart FL 34997 Condo Market Report February 2017

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

 

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

There are currently 75 active condo listings (Decreased by 5 condos from January).

Stuart FL 34997 Condo Market Report February 2017

32 Condo sales are pending and awaiting close or lender approval (Down by 2 condos from January).

Stuart FL 34997 Condo Market Report February 2017

22 Condos Sold in February (Increased by 7 condos from January).

Stuart FL 34997 Condo Market Report February 2017

     The Stuart FL condo market for zip code 34997 continued with even a more active month for the February 2017 time period.
     The absorption rate plunged to 3.4 months in February from 5.3 months for January.  Going into even a stronger 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 February 2016 numbers were: 78 active listings, 38 pending sales and 9 closed sales.  Considerably stronger activity for this year as compared to 2016.

Stuart FL 34997 Condo Market Report February 2017

Stuart Florida Real Estate presented by:
Gabe Sanders

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

 

 

Stuart Florida Market Report ZIP Code 34994 Residential February 2017

Stuart Florida Market Report ZIP Code 34994 Residential February 2017

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

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

There are currently 74 active listings (Decreased by 6 homes from January)

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

25 Residential sales are pending and awaiting close or lender approval (Increased by 3 homes from last month).

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

10 Homes Sold in January (Up by 3 homes from January)

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

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida regained some lost momentum from the previous month.

The one month absorption rate for the 34994 zip code for February dropped to 6.8 months from 10.6 months for January.  Moving into 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 February 2016 numbers were 69 Active Listings, 24 pending sales and 13 closed sales.  Slightly weaker activity for this year.

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for February 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

Land Properties

Rental Properties

Residential Properties

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Stuart Florida Market Report ZIP Code 34994 Residential February 2017

Kingswood Condo February 2017 Market Report

Kingswood Condo February 2017 Market Report

February 2017 Market Update:

There are 12 condos currently for sale in the Kingswood condo community of Stuart FL.  Listing prices are from$68,000 to $199,900 for an average list price of $110,346 which equals $91.69 per sq. ft. of living area.

There are currently 3 condos under contract with list prices from $65,000 up to $129,500 for an average list price for these pending sales of $99,900 or $85.88 per sq. ft. of living area.  These two condos averaged 38 days on the market before going under contract.

26 condos have sold in the past 12 months.  Ranging in sales price from $52,000 up  to $115,000.  The average sales price was $81,519 which works out to $74.61 per sq. ft. of living area.  These condos sold on average of 78 days on market before going under contract and with sales prices at 94% of list price.

Kingswood Condos in Stuart FL

Kingswood Condos are located in the heart of Stuart and within walking distance of shopping, restaurants and medical facilities is the Kingswood Condominium complex of Stuart FL. Just a short ride out to the beaches or to historic downtown Stuart, this location is just difficult to beat.

Kingswood Condo February 2017 Market Report

Kingswood consists of 444 condominiums that were built from 1970 till 1995. There are various floor plans and sizes ranging from 2 Bedroom, 2 Bathroom condos with 1,236 sq. ft. of living area down to 1 Bedroom, 1 bathroom condos with 691 sq. ft. of living area.

Kingswood Condo in Stuart FL

Most of Kingswood’s buildings are two stories with condos on each floor, though there are three newer 4 story elevator buildings with some units offering views f the Saint Lucie River. There are three community pools in Kingswood.

Kingswood Condo in Stuart FL Kingswood Condo in Stuart FL

HOA fees vary from size and location of the unit and are currently from just over $200 per month up to $360 per month. These fees cover the recreation area, building insurance, water, sewer, trash and pest control as well as basic cable TV.

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Kingswood Condos for Sale

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Kingswood Condo February 2017 Market Report