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).

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

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

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

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Stuart FL 34996 Residential Market Report September 2017

Orchid Bay Palm City FL October 2017 Market Report

10.13.17 by Gabe Sanders

Orchid Bay Palm City FL October 2017 Market Report

There are currently 2 homes listed for sale in Orchid Bay. List prices are $574,900 and $589,500 for an average list price of $582,200 which is $205.63 per sq. ft. of living area.

2 homes are currently under contract and awaiting sale. The list prices are $379,900 and $489,999 which averages to $434,950 for $169.08 per sq. ft. of living area. These three homes averaged 30 days on the market before going under contract.

In the past 12 months, 6 homes have sold in Orchid Bay. Sales prices ranged from $380,055 up to $637,500 for an average sold price $499,759 which works out to $168.36 per sq. ft. of living area. These 6 homes averaged 94 days on the market before the sellers accepted an offer and sold for an average of 97% of the listed price.

About Orchid bay in Palm City:

About Orchid Bay:

One of the most desirable communities in Palm City, Orchid Bay (also known as Captain’s Creek) lies just south of the new Palm City Veteran’s Memorial Bridge off of Mapp Road. This gated community of 153 home-sites (including only two vacant lots at this time) enjoys spacious private lots of at least a ½ acre with a few properties residing on over 1 acre sites. This planned community was developed by the Tartan land Company in the early 1990’s and all homes are individually constructed by the lot owner’s builder of choice. Consequently this is not a “cookie cutter” community by any means.

Homes range in size from over 5,000 sq. ft. of living area to just over 2,000. From as many as 8 bedrooms down to 3 bedroom homes. Both one and two story residences. Homes were built from 1992 through 2007. Amenities include tennis courts, a picnic and playground area as well as a public gazebo. Numerous lakes and ponds are on this property with many homes enjoying serene water views. Orchid Bay has its own community propane tank so all residents have the option of hooking in for propane utilities if desired.

HOA fees at the time of this writing (October 2017) are $187.00 per month (payable quarterly). These fees include maintenance of the roads, trash pickup, common areas as well as basic cable TV service.

Children of Orchid bay attend wonderful schools: Palm City Elementary, Hidden Oaks Middle and Martin County High.

Search here for all available Orchid Bay Homes for Sale

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

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Orchid Bay Palm City FL October 2017 Market Report

Stuart FL 34994 Condo Market Report September 2017

10.12.17 by Gabe Sanders

Stuart FL 34994 Condo Market Report September 2017

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for September 2017

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

There are currently 73 active condo listings (Up by 3 condos from August).

22 Condo sales are pending and awaiting close or lender approval. (Decreased by 8 condos from last month)

14 Condos Sold in September (Down by 7 condos from August).

The Stuart FL 34994 Condo market remains strong, though it showed weaker activity this September. Some of this reduced activity may have been a result of Hurricane Irma which shut down real estate for a little over a week last month.

The absorption rate for September increased to 5.2 months compared to last month’s 3.3. Still in a seller’s market for this condo segment of Stuart’s 34994 zip code area. Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months. Meaning neither the buyers or sellers have an advantage in the real estate market.

Last September the numbers were 92 active listings, 28 pending sales, and 11 closed sales. Better activity last year.

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Stuart Florida Market Report ZIP Code 34994 – Condo, September 2017

The Courtyards at Willoughby October 2017 Market Report

10.12.17 by Gabe Sanders

The Courtyards at Willoughby October 2017 Market Report

There are no condos currently for sale in the Courtyards at Willoughby.

Also, there are no condos currently under contract.

In the past 12 months, 6 condos have sold in the Courtyards of Willoughby with sales prices ranging from $154,250 to $221,500 for an average sales price of $195,896 and this equals $131.69 per sq. ft. of living space. These condos sold for an average of 97% of list price with an average of 39 days on market before going under contract.

About the Courtyards at Willoughby:

The charming townhomes in the Courtyards at Willoughby are located close to Historic Downtown Stuart as well as many other shopping, dining and entertainment areas that Stuart, Jensen Beach and Palm City have to offer.

There are only 44 residences in the Courtyards at Willoughby with four different models to choose from, The Juno, The Jupiter, The Hutchinson, and The Jensen depending on your needs. The models go up to 3 bedroom, 2 bathroom two level homes with 1,532 sq. ft. of living area down to 2 bedroom, 2 bath one level living with 1,125 sq. ft. of living space and some models feature garages. Maintenance fees at the time of this writing (October 2017) run from $350 per month and lower depending on the size of the unit. Up to 1 medium sized pet is allowed.

This community features a swimming pool, with a sundeck and cabana grilling area, and a 24 hour fitness center! The surrounding school district is ‘A’ rated.

As of October 2017 there is only one active listing in the Courtyards at Willoughby. It is a 3 bedroom, 2 bath townhome with a two car garage. The list price is $195,000.

There are three pending listings. All are 2 bedroom units that were listed from $109,900 to $129,000 for an average list price of $115,966 which equals $98.78 per sq. ft. of living area. 2 of these homes are short sales.

In the past 12 months, there have been 7 sales in the Courtyards at Willoughby. Sales prices ranged from $103,100 to $179,900 for an average sold price of $129,750 which was $97.33 per sq. ft. of living area. There were no foreclosures and one shortsale in this group of sales.

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The Courtyards at Willoughby October 2017 Market Report

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

Stuart Florida 34994 Residential Market Report September 2017

10.11.17 by Gabe Sanders

Stuart Florida 34994 Residential Market Report September 2017

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

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

There are currently 76 active listings (Decreased by 1 homes from August)

21 Residential sales are pending and awaiting close or lender approval (Decreased by 5 homes from last month).

8 Homes Sold in August (Decreased by 8 homes from August)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had slightly weaker activity for September. Some of this might have been hurricane related.

The one month absorption rate for the 34994 zip code for September increased to 9.5 months from 4.8 months for August. Bringing the 34994 zip code area of Stuart, FL back into a buyer’s market. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The September 2016 numbers were 64 Active Listings, 34 pending sales, and 11 closed sales. Better sales and pending activity last year with a little larger inventory. Some of this activity could have been impacted by Hurricane Irma which shut down real estate for a little over a week last month.

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