Highlands Reserve February 2019 Market Update

Highlands Reserve February 2019 Market Update

There are currently 7 homes for sale in Highlands Reserve in Palm City, Florida.  Prices range from $369,000 up to $1,259,000.  The average list price is $580,700 which equals $195.54 per square foot of living area.

There are 5 homes under contract awaiting closing.  These homes were listed from a low of $369,000 up to $735,000 for an average list price of $548,380 or $163.65 per sq. ft. of living area.  These homes went under contract in an average of 98 days after they were listed.

In the past 12 months, 18 homes have sold in Highlands Reserve with an average sales price of $558,467 which works out to $168.87 per square foot of living area.  These sales prices ranged from $380,000 up to $1,325,000 with the homes averaging 88 days on market prior to going under contract and selling at 97% of the listed price.

About Highlands Reserve in Palm City FL:

Highlands Reserve in Palm City FL

 Highlands Reserve is one of the newest upscale communities in this section of Martin County. Enter the magnificent gates and surround yourself with the well-appointed amenities of the clubhouse and natural beauty of this community. Included are paths into winding nature trails will offer dramatic views of surrounding natural preserves and serene lakes.

Highlands Reserve real estate in Palm City FL Highlands Reserve real estate in Palm City FL

Located only seconds from I-95 and within minutes of shopping, beaches and the laid back easy lifestyle of Martin County. Perfect for the family with an ‘A’ rated school system. Only 30 minutes to West Palm Beach and 2 hours to Orlando.

Highlands Reserve real estate in Palm City FL Highlands Reserve real estate in Palm City FL

Low HOA fees of $338.00 per month include landscaping and irrigation as well as the security gate, use of the full-service clubhouse with large pool and state of the art fitness center.  Lounge and kitchen for private parties and occasions.

Highlands Reserve real estate in Palm City FL

Highlands Reserve is a D. R. Horton community and new construction homes are still available.  There are usually some excellent offers available through Realtors.  Call us today for our new construction special rebate program.

Highlands Reserve real estate in Palm City FL

Give us a call for the full line of exceptional new homes available in Highland Reserve in Palm City, FL.

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Stuart Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Highlands Reserve February 2019 Market Update

Stuart FL 34994 Condo Market Report January 2019

Stuart FL 34994 Condo Market Report January 2019 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for January 2019

For January 2019 in the 34994 Zip Code area of Stuart, Florida :

There are currently 114 active condo listings (Up by 14 condos from December).

Stuart FL 34994 Condo Market Report January 2019  

50 Condo sales are pending and awaiting close or lender approval. (Increased by 6 condos from last month) 

Stuart FL 34994 Condo Market Report January 2019

17 Condos Sold in December (Unchanged from December).

Stuart FL 34994 Condo Market Report January 2019

The Stuart FL 34994 Condo market had an small increase in inventory and pending sales while sales remained unchanged.

The absorption rate for December dropped to 6.7 months compared to last month’s 5.9 months.  Back into a balanced market after one month of 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 January the numbers were 113 active listings, 51 pending sales, and 19 closed sales.  Very similar activity when compared to last January.

Stuart FL 34994 Condo Market Report January 2019

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Stuart FL 34994 Condo Market Report January 2019 

 

Inlet Village February 2019 Condo Real Estate Market Report

Inlet Village February 2019 Condo Real Estate Market Report

There are three condos for sale in the Inlet Village Condominiums of Indian River Plantation on Hutchinson Island in Stuart FL for February 2019.  List prices range from $199,000 up to $375,000.  This is an average list price of $246,633 which is $237.38 per sq. ft. of living area.

There are no condos currently under contract.

In the past 12 months, 11 condos have sold in Inlet Village.  Sales prices ranged from $180,000 up to $405,000.  This works out to an average sales price of $248,986 which equals $231.93 per sq. ft. of living area.  These condos sold for an average of 95% of list price and were on the market for an average of 122 days prior to going under contract.

About Inlet Village Condos on Hutchinson Island in Stuart FL:

Inlet Village is located near the South end of Hutchinson Island in Stuart, Florida.  Just 40 minutes North of Palm Beach International Airport. Inlet Village consists of three 4 story buildings.  Two of which overlook the wide Indian River (Intracoastal Waterway) and the other with sweeping views of lakes and the Indian River Plantation golf course.

Inland Village condos in Indian River Plantation

Within easy walking distance to the Indian River Plantation Marriott Resort where you can enjoy guest privileges such as golf, tennis, water sports, spa, fitness center, hotel dining and the delightful sandy beaches of the Atlantic Ocean! At the beach, there is a tiki bar/restaurant where you can enjoy tropical drinks and/or have an enjoyable lunch.

Inlet Village in Indian River Plantation

Inlet Village is one of the few pet-friendly condo associations that allow up to two large pets per condo.  Liberal rental rules will also allow rentals as short as one month.  The Condo fees are $500 a month and cover the common areas as well as building insurance and outside maintenance as well as water and sewer.

Inland Village condos in Indian River Plantation

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Additional Indian River Plantation Condos you may wish to consider:
BayviewBeachwalkDunes ClubFairway VillasLakesideOcean HouseOcean TerracePlantation Club VillasPlantation HouseResort VillasRiver VillageRiverbendRiverwoodTennis Villas

Inlet Village February 2019 Condo Real Estate Market Report

Stuart Florida 34994 Residential Market Report January 2019

Stuart Florida 34994 Residential Market Report January 2019

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for January 2019

For December 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 91 active listings (Up by 15 homes from December)

Stuart Florida 34994 Residential Market Report January 2019

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

Stuart Florida 34994 Residential Market Report January 2019

8 Homes Sold in May (Decreased by 5 homes from December)

Stuart Florida 34994 Residential Market Report January 2019

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had an increase in both inventory and pending sales.  Unfortunately, closed sales were off for the month.

The one-month absorption rate for the 34994 zip code for December jumped up to 11.8 months from 5.8 months for December.  Returning to a buyer’s market for the 34994 zip code area of Stuart, FL after one month in a seller’s market.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The January 2018 numbers were 86 Active Listings, 38 pending sales, and 11 closed sales.  Better activity last year.

Stuart Florida 34994 Residential Market Report January 2019

Are you interested in the value of your Stuart FL Home?
Click on this link and fill out the form for an accurate personal evaluation

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Stuart Florida Real Estate presented by:
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Stuart, FL Real Estate

Business Opportunity Properties

Commercial Properties

Land Properties

Rental Properties

Residential Properties

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Stuart Florida 34994 Residential Real Estate Market Report January 2019

Spinnaker Point February 2019 Market Report

Spinnaker Point February 2019 Market Report

There are 2 homes for sale in Spinnaker Point on Hutchinson Island in February 2019.  These homes are listed for $924,900 and $1,695,000.  This equals an average list price of $1,309,950 which equals $450.99 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months, only 1 Spinnaker Point home has sold.  This home sold for $1,225,000 or $358.08 per sq. ft. of living area.  It was on the market for 150 days before going under contract and sold for 82% of list price.

About SpinakerPoint on Hutchinson Island:

Spinnaker Point on Hutchinson Island

Spinnaker Point on Hutchinson Island is easy to miss when driving buy on Highway A-1-A in Stuart FL.  But, it is one of the gems for those who want both river and ocean access.  This gated community has 12 homes west of the road and 2 lots that have yet to be built upon on the ocean side.

Spinnaker Point on Hutchinson Island

Four of these homes enjoy being on the Intracoastal Waterway (also known as the Indian River) and have deeded docks with ocean access (no fixed low bridges) through the Saint Lucie Inlet just a little under 5 miles south. The remaining 8 homes have access to the community pier and a few have deeded docks as well.

Spinnaker Point on Hutchinson Island

All the homes are built in the Key West style and were built between 1991 and 2001.  Home sizes range from a 3 bedroom, 2 bathroom home with a 2 car garage up to a 5 bedroom, 6 bathroom home with a 2 and ½ car garage.  There is deeded access to the ocean with a boardwalk leading over the dunes.  All ages and pets are permitted in Spinnaker Point.  The HOA fee is $250.00 per month.

Spinnaker Point on Hutchinson Island

School-age children attend the Felix A Williams elementary school, Stuart middle school, and Jensen Beach high school.

Spinnaker Point on Hutchinson Island Spinnaker Point on Hutchinson Island

Located approximately half way between the Stuart and Jensen beach causeways making it easy to enjoy the restaurants, shopping, and amenities that both areas have to offer.

Spinnaker Point homes do not come on the market often, so click on the following link to see if any are currently available:

Homes for Sale in Spinnaker Point on Hutchinson Island


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Spinnaker Point February 2019 Market Report