Stuart FL 34997 Condo Market Report May 2017

06.16.17 by Gabe Sanders

Stuart FL 34997 Condo Market Report May 2017

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

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

There are currently 61 active condo listings (Decreased by 9 condos from April).

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

Stuart FL 34997 Condo Market Report May 2017

37 Condos Sold in May (Increased by 32 condos from April).

Stuart FL 34997 Condo Market Report May 2017

The Stuart FL condo market for zip code 34997 had a surprisingly large jump in closed sales after a disapointing prior month. Pending sales are down, though, an it will be very difficult to have this kind of activity continue through the coming summer months. The inventoy is also down.

The absorption rate plunged to 1.6 months in May from 14 months for April. A huge shift into 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 May 2016 numbers were: 73 active listings, 40 pending sales and 17 closed sales. Considerably stronger closed sales this month compared to last year.

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

Snug Harbor Stuart June 2017 Market Report

06.16.17 by Gabe Sanders

Snug Harbor June 2017 Market Report

As of June 2017, there are 3 active listings in Snug Harbor in Stuart, FL. The list prices range from a low of $1,350,000 up to $2,650,000 for an average list price of $2,133,333 which equals $460.86 per sq. ft. of living area.

There are currently no homes under contract or pending.

8 homes have sold in Snug Harbor in the past 12 months. Ranging in sales price from a low of $340,000 up to $1,870,000. The average sales price was $898,611 or $274.91 per sq. ft. of living area. These sales averaged at 94% of the last listed price and averaged 67 days on market prior to going under contract.

About Snug Harbor

Snug Harbor remains as one of the most desirable locations in Stuart, FL. Located on the wide Saint Lucie River just east of the city of Stuart Florida is this unique subdivision.

Snug Harbor was the vision of a group of 10 Yachtsmen, many former Commodores of the Chicago Yacht Club back in 1943. They bought the land and platted the area in September 1944 as well as forming the Snug Harbor Corporation, which controlled the ownership of the lots.

In 1975 the deeds were distributed and/or sold to the then owners and a condominium form of ownership was established under the name of the Snug Harbor Yacht Club. With both waterfront and non-waterfront homes and estates, located just minutes away from the ocean by boat or car and also convenient to downtown Stuart, offices, restaurants and recreational areas.

Snug Harbor is one of the finest communities in Martin County. There are only 72 home sites with a club house, deep water marina, boat ramp, trailer parking and tennis courts. There is an active association with social activities year round that make this community a very attractive place to call home.

Please feel free to contact Gabe Sanders (772-323-6996), a Snug Harbor resident, if you would like any information about this wonderful community.

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Snug Harbor June 2017 Market Report

Stuart FL 34997 Residential Market Report May 2017

06.15.17 by Gabe Sanders

Stuart FL 34997 Residential Market Report May 2017

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

There are currently 291 active listings (Decreased by 39 homes from April).

168 Residential sales are pending and awaiting close or lender approval (Down by 9 homes from April).

104 Homes Sold in May (Increased by 24 homes from April)

The Stuart Florida Residential Market for ZIP Code 34997 showed a decrease in inventory for may along with a sizeable jump in closed sales. The pending numbers are off a bit and may show some slower closed sale activity for the near future.

The absorption rate increased to 2.8 months (was 4.1 months for April). We’re in an extreme sellers’ market for the 34997 zip code area of Stuart for may 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 May, were: 304 active listings, 216 pending listings and 109 closed sales. Even with such strong activity for this year, the market was more active in 2016.

Stuart FL 34997 Residential Market Report May 2017

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Stuart FL 34997 Residential Market Report May 2017

June 2017 Market Report for The Soundings

06.15.17 by Gabe Sanders

June 2017 Market Report for The Soundings Yacht and Tennis Club

For June 2017 there are currently 3 active listings in the Soundings Yacht and Tennis Club in Hobe Sound, FL. List prices range from $440,000 to $749,000 with an average list price of $556,800 which equals $247.33 per square foot of living area.

There is one home under contract which has not sold to date. The list price was $364,700 or $186.07 per sq. ft. and this home was on the market for 82 days before going under contract.

In the past 12 months, 8 homes have sold in the Soundings. Sales prices ranged from a low of $$360,000 to a high of $1,350,000 for an average sales price of $697,063 or $250.37 per sq. ft. of living area. The average days on market was 37 days and sales averaged at 96% of listing price.

Conveniently located only minutes from beautiful Jupiter Island Beach, June 2017 Market Report The Soundings Yacht and Tennis Club, Florida is an active planned community bordering both sides of Gomez Avenue in Hobe Sound. There are a total of 153 home sites in the Soundings with only 2 vacant lots unbuilt at last count.

On the East side of Gomez, the Soundings homes are mostly waterfront with deep water docks accessing the Intracoastal waterway. A small marina with additional docks deeded to a few select homes that do not have waterfront locations. In addition, there is a boat ramp as well as trailer storage for those wishing to keep their boats in dry storage. In addition, there’s a large community pool, tennis courts and an active fully equipped club house.

Homes in the Soundings Yacht and Tennis Club range from spacious estate homes with Intracoastal views to smaller cottages that are perfect for the occasional seasonal resident or those not requiring large homes but want easy access to the water.

More information about the Soundings Yacht and Tennis Club can be found on their community web site.

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June 2017 Market Report The Soundings Yacht and Tennis Club

Stuart FL 34996 Condo Market Report May 2017

06.14.17 by Gabe Sanders

Stuart FL 34996 Condo Market Report May 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for May 2017

For May 2017 in the 34996 Zip Code area of Stuart, Florida :

There are currently 137 active condo listings (Decreased by 11 condos from last month).

36 Condo sales are pending and awaiting close or lender approval (Increased by 1 condos from April).

30 Condos Sold in May (Down by 10 condos from April)

The Stuart FL 34996 Condo Market of Stuart had continued strong sales activity for May. The inventory decreased while there was little change in pending sales as closed sales were down from last month.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 4.6 months from April’s 3.7 months. Remaining as a sellers market for this segment of Martin County condos. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for May 2016 were: 120 active listings, 40 pending sales and 32 closed sales. Slightly weaker activity this year when compared to last year.

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Stuart FL 34996 Condo Market Report May 2017

Vista del Lago June 2017 Market Report

06.14.17 by Gabe Sanders

Vista del Lago June 2017 Market Report

As of June 2017, there are 5 active listings in Vista del Lago. The list prices range from $59,900 up to $102,500 for an average list price of $87,560 which equates to $107.04 per sq. ft. of living area.

There are currently 4 condos under contract which have not closed yet. List prices were from $49,900 to $89,900 for an average list price of $65,925 which equals $87.98 per sq. ft. of living area. These condos averaged 33 days on market before going under contract.

30 condos have sold in the past 12 months. Sales prices were from a low of $40,000 to a high of $89,950 with the average sales price being $62,070. This equals $73.77 pr sq. ft. of living area. The average days on market was 47 and these condos sold on average at 95% of list price.

About Vista del Lago Condos in Stuart FL:

The Vista del Lago condominium complex consists of over 500 condos located north of the Roosevelt Bridge and west of Federal Hwy (US-1) in North Stuart. This attractive complex is very conveniently located near shopping, restaurants and a quick drive to either downtown Stuart or Jensen Beach. Just a few minutes more and you can be on the Ocean in either Stuart or Jensen Beach.

Vista del Lago condos were first built in 1974 and the last one was completed in 1979. All the buildings are two story and contain both 2 Bedroom, 2 Bath and 1 Bedroom 1 Bath units. Sizes range from 1,014 sq. ft. of living space down to 631 sq. ft. 1 bedroom units. Many of these condos have attractive water views as well as some with golf course views of the Pine Lakes Golf Club.

There’s an active clubhouse with a large swimming pool as well as shuffleboard courts. No pets are permitted in Vista del Lago and this is an age restricted (55+) community. The HOA fees as of June 2017 were from the low $200’s for a 1 Bedroom unit to just under $300 per month for 2 Bedroom condos.

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Vista del Lago June 2017 Market Report

Stuart FL 34996 Residential Market Report May 2017

06.13.17 by Gabe Sanders

Stuart FL 34996 Residential Market Report May 2017

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

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

There are currently 148 active listings (Down by 15 homes from April).

64 Residential sales are pending and awaiting close or lender approval (Up by 15 homes from April).

26 Homes Sold in May (Increased by 5 homes from April).

The 34996 zip code area of the Stuart Florida residential real estate market showed a very strong May with increases in both pending and closed sales while the inventory of available properties for sale decreased.

The one month absorption rate for the 34996 zip code area of Stuart Florida for May jumped to 5.7 months as compared to April’s 7.8 months. Back into a sellers’ 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 May of 2016 were: 150 active listings, 43 pending sales and 22 closed sales. Consideribly stronger market activity for this year.

Stuart FL 34996 Residential Market Report May 2017

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Stuart FL 34996 Residential Market Report May 2017

June 2017 Market Update for Ballantrae

06.13.17 by Gabe Sanders

June 2017 Market Update for Ballantrae

For June 2017 there are 17 active listings in the Ballantrae community in the Sandpiper section of Port St Lucie, FL. List prices range from $199,900 up to $1,675,000 for an average list price of $499,112 which equals $184.43 per sq. ft. of living area.

There are 3 homes under contract which have not closed to date. List prices were from $194,900 to $389,900 which averages to $263,267 or $127.55 per sq. ft. of living area. These homes averaged 149 days on market before going under contract.

In the past 12 months, there have been 35 home sales. Sales prices ranged from a low of $185,000 up to $1,200,000 for an average sales price of $378,097 or $145.89 per sq. ft. of living area. Listings stayed on the market for an average of 87 days and sold at a 94% list to sales price ratio.

About Ballantrae in Port St. Lucie:

Ballantrae is a gated community of over four hundred homes located in Port Saint Lucie, Florida. We’re on the North Fork of the Saint Lucie River with direct access to the South Fork of the river which leads to Lake Okeechobee and the Gulf of Mexico. In addition, the Indian River Intracoastal Waterway and access to the Atlantic Ocean via the St. Lucie inlet are both within an easy sail down the river.

There is a newly updated and private Jack Nicklaus Signature golf course, Santa Lucia River Club. This is a par 72 championship course of masterful design that winds through 402 acres of upland preserves, oak hammocks, and stands of mature pines.

In addition to golf and boating, we offer tennis, swimming, fishing, and a Homeowners Community Clubhouse which is the center of many community activities.

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Stuart FL 34994 Condo Market Report May 2017

06.12.17 by Gabe Sanders

Stuart FL 34994 Condo Market Report May 2017

Stuart FL Snapshot for ZIP Code 34994, Condo Sales for May 2017

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

There are currently 85 active condo listings (Down by 5 condos from April).

41 Condo sales are pending and awaiting close or lender approval. (Increased by 10 condos from last month)

18 Condos Sold in May (Down by 11 condos from April).

The Stuart FL 34994 Condo market continues with solid activity levels. Closed sales were off for the month when compared to the excellent numbers for April, but pending sales are up which should mean solid sales for the coming months.

The absorption rate for May increased to 4.7 months compared to last month’s 3.1. Remaining in a sellers’ 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 May the numbers were 83 active listings, 43 pending sales, and 18 closed sales. Very similar activity when compared to May of 2016.

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

Bay Colony of Stuart June 2017 Market Report

06.12.17 by Gabe Sanders

Bay Colony of Stuart June 2017 Market Report

As of June 2017, there was only 1 active listing in the Bay Colony of Stuart. This home is listed for $675,000 or $215.31 per sq. ft. of living area.

There is also one home under contract which has not sold to date. This home was listed for $749,900 which is $211.24. This home was on the market for 88 days before going under contract.

3 homes have sold in the past 12 months. The sales prices were from $610,000 up to $885,000 which averages to $765,000 which equals $$258.86 per sq. ft. of living area. These sales averaged 97% of listing price and the average days on market prior to going under contract was 179 days.

The Bay Colony of Stuart is an exclusive gated community lying on the shores of the North Fork of the Saint Lucie River. There are 34 home sites in Bay Colony and as of February 2017, only two vacant lots remain.

Many homes in Bay Colony are waterfront and enjoy gorgeous mile long wide open views of the river. Homes come in sizes from 3 bedroom, 2 bathroom homes of just over 2,000 sq. ft. of living area up to a 5 bedroom, 5 bathroom home with over 5,000 sq. ft. of living space and almost 6,300 sq. ft. under roof. Homes have been built from 1979 to the newest which was completed in 2005.

This community enjoys low HOA fees of only $810 per year (June 2017) which go towards maintaining the common areas, management fees, trash pickup, and gate.

Excellent location that’s close to the Treasure Coast Mall and the shopping areas of US-1 in Jensen Beach as well as only a few minutes to the beaches of the Atlantic Ocean.

This community is in the Martin County School system and children attend the Felix Williams Elementary, Stuart Middle, and Jensen Beach High Schools.

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Bay Colony of Stuart June 2017 Market Report

Stuart Florida Market Report ZIP Code 34994 Residential May 2017

06.11.17 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential May 2017

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

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

There are currently 71 active listings (Increased by 2 homes from April)

32 Residential sales are pending and awaiting close or lender approval (Decreased by 1 homes from last month).

16 Homes Sold in April (Up by 4 homes from April)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues with strong activity for May.

The one month absorption rate for the 34994 zip code for May decreased to 4.4 months from 5.8 months for April. Trending back towards more of a 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 May 2016 numbers were 62 Active Listings, 43 pending sales and 18 closed sales. Better pending and closed activity last year with less inventory.

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