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

Stuart FL 34997 Residential Market Report August 2017

Stuart FL 34997 Residential Market Report August 2017

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

 

There are currently 291 active listings (Decreased by 1 homes from July).

Stuart FL 34997 Residential Market Report August 2017

141 Residential sales are pending and awaiting close or lender approval (Decreased by 39 homes from July).

Stuart FL 34997 Residential Market Report August 2017

86 Homes Sold in August (Increased by 2 homes from July)

Stuart FL 34997 Residential Market Report August 2017

      The Stuart Florida Residential Market for ZIP Code 34997 continues with very active closed sales activity, but also had a large drop in pending sales for August.
     The absorption rate inched down to 3.4 months (was 3.5 months for July).  Continuing as a strong sellers’ market for the 34997 zip code area of Stuart for August 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 August, were: 297 active listings, 146 pending listings and 78 closed sales.  Very similar  activity when compared to last year.
Stuart FL 34997 Residential Market Report August 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 August 2017

 

Stuart FL 34996 Residential Market Report August 2017

Stuart FL 34996 Residential Market Report August 2017

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

 

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

 

There are currently 145 active listings (Down by 2 homes from July).

Stuart FL 34996 Residential Market Report August 2017

14 Residential sales are pending and awaiting close or lender approval (Down by 29 homes from July).

Stuart FL 34996 Residential Market Report August 2017

12 Homes Sold in August (Decreased by 24 homes from July).

Stuart FL 34996 Residential Market Report August 2017

The 34996 zip code area of the Stuart Florida residential real estate showed greatly reduced activity for August.

The one month absorption rate for the 34996 zip code area of Stuart Florida for August jumped to 12.1 months as compared to July’s 4.1 months.  Into a strong buyers’ 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 August of 2016 were: 144 active listings, 32 pending sales, and 12 closed sales.  Better volume of sales and pending sales this year.

Stuart FL 34996 Residential Market Report August 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 August 2017

Castle Hill Real Estate Market Report September 2017

Castle Hill Real Estate Market Report September 2017

There is currently 1 home for sale in Castle Hill in Sewalls Point, FL.  This home is listed for $650,000 which is $221.39 per sq. ft. of living area.

There are currently no homes under contract, pending a sale.

In the past 12 months, 3 Castle Hill homes have sold. Sale prices ranged from $860,000 up to $910,000 for an average sales price of $880,000 or $217.41 per sq. ft. of living area.  These homes sold in an average of 130 days on market before going under contract and for 96% of the list price.

About Castle Hill in Sewalls Point FL:

Castle Hill Gate

Castle Hill is an exclusive enclave of 46 homes and lots in prestigious Sewalls Point in Stuart Florida.

This community sits in an unparalleled location only minutes from beaches and equidistant from both the Jensen Beach and Stuart causeways.  Close to marinas and launch facilities as well as shopping, restaurants and schools.

Water views

Residents of Castle Hill enjoy the good life with low HOA fees (currently $285 per quarter) and a quiet family friendly neighborhood for year round Florida living.  Homes range from multi million waterfront properties high on the deep Saint Lucie River to half acre and larger dry home fronts with homes now starting in the high $400,000’s.

It’s an easy ride to either downtown Jensen Beach or downtown Stuart from Castle Hill.  Also, just about equi-distant from the public beaches at Jensen and Stuart Beaches.  Only a minute or two to public boat ramps as well as the Olympic Sailing Center and the Indian Riverside Park.  Really a wonderful location which makes Castle Hill such a desired community to call home.

Castle Hill Home

Castle Hill was established in the early 1990’s and remains one of the prime locations to call home on the Treasure Coast.

Children attend Martin County schools and currently are zoned for the Felix Williams elementary, Stuart middle and the Jensen Beach high schools.  These are some of the finest schools in the State of Florida.

Here are the currently available homes for sale in Castle Hill

Search for Martin County Real Estate

Castle Hill Real Estate Market Report September 2017