Stuart FL 34997 Residential Market Report October 2017

Stuart FL 34997 Residential Market Report October 2017

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

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

There are currently 291 active listings (Increased by 17 homes from September).

Stuart FL 34997 Residential Market Report October 2017

131 Residential sales are pending and awaiting close or lender approval (Increased by 1 homes from September).

Stuart FL 34997 Residential Market Report October 2017

68 Homes Sold in October (Unchanged from September)

Stuart FL 34997 Residential Market Report October 2017

      The Stuart Florida Residential Market for ZIP Code 34997 remains active with good activity even through last September’s hurricane.
     The absorption rate inched up to 4.3 months (was 4.0 months for September).  Continuing as a seller’s market for the 34997 zip code area of Stuart for October 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 October, were: 331 active listings, 132 pending listings, and 58 closed sales.  Better closed activity this year with a lower inventory.
Stuart FL 34997 Residential Market Report October 2017

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Stuart Florida Real Estate presented by:
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Stuart FL 34997 Residential Market Report October 2017

 

Stuart FL 34996 Residential Market Report October 2017

Stuart FL 34996 Residential Market Report October 2017

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

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

There are currently 129 active listings (Unchanged from September).

Stuart FL 34996 Residential Market Report October 2017

30 Residential sales are pending and awaiting close or lender approval (Up by 11 homes from September).

Stuart FL 34996 Residential Market Report October 2017

5 Homes Sold in October (Decreased by 1 homes from September).

Stuart FL 34996 Residential Market Report October 2017

The 34996 zip code area of the Stuart Florida residential real estate rebounded some for October mostly with strong pending sales.  Closed sales remain weak.  Much of this may be attributed to Hurricane Irma which shut down real estate for a little over a week last month.  Some of October’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 have continued.

The one month absorption rate for the 34996 zip code area of Stuart Florida for October jumped to 25.8 months as compared to September’s 65 months.  Still a strong buyer’s market for the 34996 zip code area of Stuart FL but trending in the right direction.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for October of 2016 were: 174 active listings, 25 pending sales, and 15 closed sales.  Considerably better closed activity from last year but with a much larger inventory.

Stuart FL 34996 Residential Market Report October 2017

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 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 October 2017

Lost River Plantation October 2017 Market Report

Lost River Plantation October 2017 Market Report

As of October 2017, there are 7 available homes for sale in the Lost River Plantation community of Stuart, FL.  Prices range from $524,900 up to $750,000 for an average price of  $647,814 which equals $222.52 per sq. ft. of living area.

There is 1 home currently under contract in the Lost River Plantation Community.  This home was listed for $565,000 or $244.48 per sq. ft. of living area. This home was listed for 19 days prior to going under contract.

In the past 12 months, there have been 8 sales ranging in sales prices from $535,000 to $819,000 for an average sales price of $669,750 which works out to $225.72 per sq. ft. of living area.  Sales prices averaged 97% of the last list price and these homes were on the market for an average of 123 days prior to accepting these offers.

 About Lost River Plantation in Stuart FL:

Lost River Plantation October 2017 Market Report

Lost River Plantation in Stuart, Florida consists of 111 homes all with private docks and Ocean access via the South Fork of the Saint Lucie River.  All, but just a handful of the homes have waterfront and dockage located in the backyard.  Suitable for deep draft ocean going vessels with some docks able to accommodate over 50’ vessels.  All homes are of newer construction (from 2004 to the present).  There are a limited number of new homes not on the MLS available now or to be built, please call us for details.

Lost River Plantation October 2017 Market ReportLost River Plantation October 2017 Market Report

This is a spectacular waterfront community with very private and protected waterfront areas.  There is a community marina with a clubhouse that offers a fitness center, kitchen and social rooms.  For those wishing to commute to pints north or south, Lost River is very conveniently located near the Interstate for easy access.  Yet, it’s only 10 to 20 minutes’ drive to the pristine beaches and  quaint downtown areas of Stuart, Florida.  Also close to shopping, restaurants as well as medical facilities.  Lost River Plantation is a tremendous opportunity for newer waterfront construction.  A rare gem in this real estate market!

Lost River Plantation October 2017 Market ReportLost River Plantation October 2017 Market Report

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Lost River Plantation October 2017 Market Report

 

Stuart FL 34997 Residential Market Report September 2017

Stuart FL 34997 Residential Market Report September 2017

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

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

There are currently 274 active listings (Decreased by 17 homes from August).

Stuart FL 34997 Residential Market Report September 2017

130 Residential sales are pending and awaiting close or lender approval (Decreased by 11 homes from August).

Stuart FL 34997 Residential Market Report September 2017

68 Homes Sold in September (Decreased by 18 homes from August)

Stuart FL 34997 Residential Market Report September 2017

      The Stuart Florida Residential Market for ZIP Code 34997 continues with strong activity but a bit weaker than last month.  Some of this decreased activity may have been caused by Hurricane Irma which shut down real estate for a little over a week last month.
     The absorption rate inched down to 4.0 months (was 3.4 months for August).  Continuing as a strong seller’s market for the 34997 zip code area of Stuart for September 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 September, were: 309 active listings, 132 pending listings, and 89 closed sales.  Better activity last year, but it was with a bigger selection of homes (inventory)
Stuart FL 34997 Residential Market Report September 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 September 2017

 

Stuart FL 34996 Residential Market Report September 2017

Stuart FL 34996 Residential Market Report September 2017

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

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

There are currently 129 active listings (Down by 16 homes from August).

Stuart FL 34996 Residential Market Report September 2017

19 Residential sales are pending and awaiting close or lender approval (Up by 5 homes from August).

Stuart FL 34996 Residential Market Report September 2017

6 Homes Sold in September (Decreased by 6 homes from August).

Stuart FL 34996 Residential Market Report September 2017

The 34996 zip code area of the Stuart Florida residential real estate showed greatly reduced activity for September along with decreased inventory.  Much of this may be attributed to Hurricane Irma which shut down real estate for a little over a week last month.

The one month absorption rate for the 34996 zip code area of Stuart Florida for September jumped to 65 months as compared to August’s 12.1 months.  Into an extreme buyer’s 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 September of 2016 were: 161 active listings, 27 pending sales, and 13 closed sales.  Considerably better activity from last year.

Stuart FL 34996 Residential Market Report September 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 September 2017