Stuart FL 34997 Condo Market Report July 2018

Stuart FL 34997 Condo Market Report July 2018

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2018

For July 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 44 active condo listings (Down by 6 condos from June).

Stuart FL 34997 Condo Market Report July 2018

21 Condo sales are pending and awaiting close (Down by 5 condos from June).

Stuart FL 34997 Condo Market Report July 2018

17 Condos Sold in July (Decreased by 1 condos from June).

Stuart FL 34997 Condo Market Report July 2018

      The Stuart FL condo market for zip code 34997 is still a very strong market, but the inventory of available condos has now shrunk to unprecedented low levels.

     The absorption rate inched down to 2.6 months in July compared to 2.8 months for June.  Remaining as a strong seller’s 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 July 2017 numbers were: 61 active listings, 32 pending sales, and 25 closed sales.  Considerably better activity last year.

Stuart FL 34997 Condo Market Report July 2018

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Stuart FL 34997 Condo Market Report July 2018

 

 

Lakeside Condos Indian River Plantation August 2018 Market Report

Lakeside Condos Indian River Plantation August 2018 Market Report

For August 2018, there are 8 active listings for sale in Lakeside in Indian River Plantation on Hutchinson Island.  The listing prices for these condos ranged from $159,900 up to $284,000 for an average list price of $226,886 which works out to $276.34 per sq. ft. of living area.

There are no condos under contract and awaiting settlement.

In the past 12 months, 9 Lakeside Condos have sold with sales prices ranging from $190,000 up to $289,000 for an average sales price of $228,250 which is $223.85 per sq. ft. of living area.  These condos sold for an average of 95% of the list price and in an average of 260 days on market (before going under contract).

About the Lakeside Condos in Indian River Plantation:

Lakeside Condos in Indian River Plantation

 

Lakeside Condos in Indian River Plantation

For those looking to live in a resort setting with the beaches of the Atlantic Ocean close by as well as a full-service Marina, golf course, restaurants and fitness facilities without paying the premium price of most resorts, then the Lakeside Condos of Indian River Plantation might just be the place for you.

Lakeside Condos in Indian River Plantation

These Lakeside Condos are condos located just off the golf course and surrounded by the Atlantic Ocean to the east and the Indian River (Intracoastal) to the west.  Situated on a private peninsula in the middle of the Marriott Resort Complex at Indian River Plantation.  There are 74 units built in 1980.  Sizes range from 1 bedroom, 1 bath units of 596 sq. ft. up to 2 bedroom, 3 bath units with 1323 sq. ft. of living area.  This is a pet-friendly complex that will allow up to two large pets.  At the time of this writing, the condo association fees were $375.00 a month.

Lakeside Condos in Indian River Plantation

The Lakeside Condos at Indian River Plantation are in an excellent location, just a short walk to the beach and there’s a courtesy tram that is available to take residents and guests around the sprawling facilities of the Marriott resort at Indian River Plantation.  Just a short drive to the grocery store, historic downtown Stuart and the many, many amenities that Martin County FL has to offer.

Lakeside Condos in Indian River Plantation

Additional Indian River Plantation Condos you may wish to consider: 
Bayview  Beachwalk  Dunes Club  Fairway Villas  Inlet Village  Ocean House  Ocean Terrace  Plantation Club Villas  Plantation House  Resort Villas  River Village  Riverbend  Riverwood  Tennis Villas

Lakeside Condos Indian River Plantation August 2018 Market Report

Stuart FL 34997 Residential Market Report July 2018

Stuart FL 34997 Residential Market Report July 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for July 2018

For July 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 258 active listings (Decreased by 5 homes from June).

Stuart FL 34997 Residential Market Report July 2018

164 Residential sales are pending and awaiting close or lender approval (Increased by 15 homes from June).

Stuart FL 34997 Residential Market Report July 2018

80 Homes Sold in July (Decreased by 14 homes from June)

Stuart FL 34997 Residential Market Report July 2018

      The Stuart Florida Residential Market for ZIP Code 34997 remains very active with strong sales.  Pending sales were off this month which may result in some lower closed sales volume in the coming months. The inventory remained relatively steady for this month after numerous months of decreases in thenumber of available homes for sale.
     The absorption rate rose slightly to 3.2 months (was 2.8 months for June).  Remaing as a very strong seller’s market for the 34997 zip code area of Stuart for July 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2017 numbers for July, were: 292 active listings, 180 pending listings, and 84 closed sales.  Similar closed activity but a considerably reduced number of pending sales on a much lower inventory of available homes for sale.
Stuart FL 34997 Residential Market Report July 2018

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Stuart FL 34997 Residential Market Report July 2018

 

Kingswood Condo August 2018 Market Report

Kingswood Condo August 2018 Market Report

August 2018 Market Report:

There are 6 condos currently for sale in the Kingswood condo community of Stuart FL.  Listing prices are from $90,000 up to $159,000 for an average list price of $110,883 which equals $100.67 per sq. ft. of living area.

There are currently 2 condos under contract with list prices of $110,000 and $149,000 for an average list price for these pending sales of $129,500 or $104.78 per sq. ft. of living area.  These two condos averaged 11 days on the market before going under contract.

26 condos have sold in the past 12 months.  Ranging in sales price from $60,000 up to $156,000.  The average sales price was $101,177 which works out to $88.95 per sq. ft. of living area.  These condos sold on average of 106 days on market before going under contract and with sales prices at 95% of list price.

About Kingswood Condos in Stuart FL:

Kingswood Condos in Stuart FL

Kingswood Condos are located in the heart of Stuart and within walking distance of shopping, restaurants and medical facilities is the Kingswood Condominium complex of Stuart FL. Just a short ride out to the beaches or to historic downtown Stuart, this location is just difficult to beat.

Kingswood Condo August 2018 Market Report

Kingswood consists of 444 condominiums that were built from 1970 till 1995. There are various floor plans and sizes ranging from 2 Bedroom, 2 Bathroom condos with 1,236 sq. ft. of living area down to 1 Bedroom, 1 bathroom condos with 691 sq. ft. of living area.

Kingswood Condo in Stuart FL

Most of Kingswood’s buildings are two stories with condos on each floor, though there are three newer 4 story elevator buildings with some units offering views f the Saint Lucie River. There are three community pools in Kingswood.

Kingswood Condo in Stuart FL Kingswood Condo in Stuart FL

HOA fees vary from size and location of the unit and are currently from just over $200 per month up to $360 per month. These fees cover the recreation area, building insurance, water, sewer, trash and pest control as well as basic cable TV.

Search here for all available Kingswood Condos for Sale

Kingswood Condos for Sale

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

Kingswood Condo August 2018 Market Report

Stuart FL 34996 Condo Market Report July 2018

Stuart FL 34996 Condo Market Report July 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for July 2018

For July 2018 in the 34996 Zip Code area of Stuart, Florida :

There are currently 106 active condo listings (Unchanged from last month).

Stuart FL 34996 Condo Market Report July 2018

25 Condo sales are pending and awaiting close or lender approval (Down by 13 condos from June).

Stuart FL 34996 Condo Market Report July 2018

26 Condos Sold in July (Down by 3 condos from June) 

Stuart FL 34996 Condo Market Report July 2018

The Stuart FL 34996 Condo Market of Stuart remains a very active market.  Sales and pending sales were off from last month and no help with any increase in inventory.  Hopefully, this is just a seasonal slow down which is typical for condos in our area.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 4.1 months from June’s 3.7 months.  Still in a strong 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 July 2017 were: 122 active listings, 43 pending sales, and 21 closed sales.  Better closed activity this year but much greater pending activity last year.

Stuart FL 34996 Condo Market Report July 2018

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

Search Stuart FL Condos Here

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report July 2018