Rio Vista in Sewalls Point July 2019 Market Report

As of July 2019, there are 3 Rio Vista homes for sale in Sewalls Point. List prices range from $424,900 up to $725,000. This is an average list price of $579,633 or $246.90 per sq. ft. of living area.

There are no Rio Vista subdivision homes under contract.

In the past 12 months, 4 Rio Vista homes have sold. Sales prices ranged from $360,000 up to $1,050,000. This works out to an average sales price of $597,500 which equals $266.48 per square foot of living area. These homes averaged 139 days on market before going under contract and sold for 95% of list price.

About Rio Vista in Sewalls Point:

Rio Vista in Sewalls Point

The Rio Vista subdivision of South Sewalls Point spans the mid portion of the South Sewalls Point peninsula from the Indian to the Saint Lucie River. Starting out at a low elevation on the east up to the higher bluffs of the Saint Lucie River with waterfront homes on both sides and non-waterfront homes in between. Rio Vista includes those 106 homes and lots that are located on Rio Vista Dr, Lantana Lane, S. Sewalls Point Rd and S River Rd.

Rio Vista in Sewalls Point

Homes in Rio Vista were built from 1975 to some newer construction with one just being finished in 2015. Home sizes range from a low of around 1,500 sq. ft. with either 2 or 3 bedrooms and 2 baths all the way to a 15,000 sq. ft. mansion with 8 bedrooms and 15 bathrooms.

Rio Vista in Sewalls Point

The Rio Vista subdivision is part of the town of Sewalls Point and there are no specific amenities or fees that are unique to this portion of Sewalls Point. The Rio Vista portion of Sewalls Point is a very desirable area in Martin County and remains in great demand for its location, amenities and life style possibilities.

There are no HOA fees in the Rio Vista neighborhood of Sewalls Point as it is within the town city limits.

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Rio Vista in Sewalls Point July 2019 Market Report

Stuart FL 34994 Condo Market Report June 2019

07.17.19 by Gabe Sanders

Stuart FL 34994 Condo Market Report June 2019

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

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

There are currently 114 active condo listings (Down by 8 condos from May).

35 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)

15 Condos Sold in May (Down by 3 condos from May).

The Stuart FL 34994 Condo market showed mostly weaker activity when compared to last month which is not all that unexpected as condo sales tend to slow down during the summer months in our area. Pending sales, though, remain strong.

The absorption rate for June rose to 7.6 months compared to last month’s 6.8 months. Transitioning into a buyer’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 June the numbers were 83 active listings, 55 pending sales, and 25 closed sales. Considerably greater inventory of condos available for sale this year but a weaker number of closed sales. Pending sales are higher this year which could mean some better sales activity coming in the next couple of months.

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For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart FL 34994 Condo Market Report June 2019

Pine Ridge Condos in Palm City July 2019 Market Report

07.17.19 by Gabe Sanders

Pine Ridge Condos in Palm City July 2019 Market Report

There is only 1 condo for sale in Pine Ridge at Martin Downs in Palm City FL for July 2019. The list price is $165,900 or $113.01 per sq. ft. of living area.

There are 2 condos currently under contract. List prices were $129,900 and $159,900. This is an average list price of $144,900 which works out to $130.42 per sq. ft. of living area. These condos averaged 108 days on market before going under contract.

In the past 12 months, 19 condos have sold in Pine Ridge. Sales prices ranged from a low of $94,000 up to a high of $165,000. This works out to average sales price of $136,495 which equals $109.04 per sq. ft. of living area. These condos sold for an average of 96% of list price and were on the market for an average of 22 days before going under contract.

About the Pine Ridge Condos at Martin Downs:

The Pine Ridge Condos at Martin Downs is a wonderful gated complex in Palm City. Entrance is through the gates at Matheson Ave on the south side of Martin Downs Blvd, just south of the Monarch Golf Club. Very well located close to Florida’s Turnpike as well as shopping and just a short ride to downtown Stuart and the waterways as well as golf courses that Martin County offers.

Pine Ridge was built from 1986 through 1995 and consists of both condos as well as villas. There are numerous floor plans ranging from 3 bedroom, 2 bath units with 1486 sq. ft. of living area to 2 bedroom, 2 bath of 1111 sq. ft. down to 830 sq. ft. 1 bedroom, 1 bath condos. Some condos come with a detached garage while the rest have assigned parking along with lots of space for guest parking as well.

There are two lakes on the grounds as well as a community swimming pool, tennis courts, and a bocce court. Two small pets are permitted. And, no trucks or motorcycles are allowed. As of July 2019, the condo association fees ranged from $290 to $390 per month depending on the size and location of the condo.

This is a wonderful community welcoming all ages and one of the most affordable options for those wishing to live in Palm City. Especially desirable for young families who wish to take advantage of Palm City’s ‘A’ rated schools.

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For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Pine Ridge Condos in Palm City July 2019 Market Report

Stuart Florida 34994 Residential Market Report June 2019

07.16.19 by Gabe Sanders

Stuart Florida 34994 Residential Market Report June 2019

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

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

There are currently 86 active listings (Up by 9 homes from May)

29 Residential sales are pending and awaiting close or lender approval (Decreased by 15 homes from last month).

27 Homes Sold in June (Increased by 7 homes from May)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues to show strong activity for June. The drop in pending sales this month indicates that we may see a little softening for the closed sales numbers in the coming months.

The one-month absorption rate for the 34994 zip code for May dropped to 3.2 months from 3.9 months for May. Remaining in a very strong seller’s market t 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 June 2018 numbers were 69 Active Listings, 28 pending sales, and 17 closed sales. Better closed sales activity and slightly better pending activity with a greater inventory of available homes for sale.

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

Search here for homes for sale in the 34994 zip code area of Stuart FL

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Stuart Florida Real Estate presented by:
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Search here for Stuart Florida Real Estate for Sale

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart Florida 34994 Residential Real Estate Market Report June 2019

The Florida Club July 2019 Market Report

07.16.19 by Gabe Sanders

The Florida Club July 2019 Market Report

As of July 2019, there are 5 Florida Club homes for sale in Stuart FL. List prices range from $299,000 up to $410,000 for an average list price of $354,800 which works out to $192.50 per sq. ft. of living area.

There are 8 homes under contract awaiting closing. List prices ranged from $275,000 up to $579,900. This equals an average list price of $427,825 which works out to $188.33 per sq. ft. of living area. These homes averaged 90 days on the market before going under contract.

In the past 12 months, 35 homes have sold in the Florida Club with sales prices ranging from $260,000 up to $490,000 for an average sales price of $347,967 which equals $186.99 per square foot of living area. The average days on market before going under contract was 52 days with a 98% list to sales price ratio.

About the Florida Club:

Conveniently located at the gateway to Stuart, Florida and Martin County, the Florida Club is a DiVosta built golf club community located off Kanner Highway and within minutes of I-95. This non-equity golf club community consists of 433 homes. 113 homes in the estate’s section of the Florida Club featuring larger lots and spacious estate sized homes. Many with both lake or golf course views and a few with both. The remaining Florida Club homes feature either single family or attached one-story villas, many also with golf course and/or lake views. Residents of the Florida Club can enjoy daily golf or if they wish can forgo being a member and just enjoy the benefits of living in a wonderful gated community without the expense of golf club membership. Additionally, for those wishing to play only occasional (or just seasonal) golf, the Florida Club is open for non-members.

Perfect for anyone who wants the convenience of easy access to I-95 with Palm Beach, Fort Lauderdale and Miami, just a quick trip to the south and Orlando to the north. Yet still only minutes to the wonderful Atlantic Beaches of both Stuart or Hobe Sound and Jupiter Island.

The Florida Club in Stuart

The Martin County location ensures low property taxes and ‘A’ rated school system. Enjoy the Florida sunshine and all that this friendly neighborhood has to offer.

The monthly homeowners association fees are $230.00 to $260.00 depending on the section the home is located in. There is also a one time capito; contribution of $600.00 charged for all home buyers. For more information about golf at the Florida Club July 2019 Market Report please visit their website: Florida Club Web Site.

The Florida Club in Stuart

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The Florida Club July 2019 Market Report

Sewalls Point Single Family Market Report June 2019

07.15.19 by Gabe Sanders

Sewalls Point Single Family Market Report June 2019

Sewalls Point Real Estate Snapshot, Residential Sales for June 2019

There are currently 58 active listings (Up by 5 homes from last month)

12 home sales are pending and awaiting close or lender approval (Up by 2 homes from May)

7 Homes sold in May (Decreased by 6 homes from May)

The single-family real estate market in Sewalls Point had a nice increase in inventory as well as an increase in pending sales. Closed sales, unfortunately, were off for this month.

The absorption rate jumped up to 8.3 months, in May it was 4.1 months. Transitioning back into a buyer’s market for the Sewalls Point single family home market. A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to June 2018, the inventory was 46 homes on the market, 10 pending sales and there were 6 closed sales. Slightly greater activity this year when compared to last year but there are more homes available for sale this year.

Currently available Sewalls Point homes for sale

Currently available Sewalls Point vacant land for sale

Sewalls Point Florida Real Estate presented by
the Gabe Sanders real estate team

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Sewalls Point Single Family Market Report June 2019

Portofino Condos at Jensen Beach July 2019 Market Report

07.15.19 by Gabe Sanders

Portofino Condos at Jensen Beach July 2019 Market Report

As of July 2019, there are 5 condos available for sale in Portofino. List prices range from $124,900 up to $183,500. This is an average list price of $161,560 or $159.13 per sq. ft. of living area.

There are 2 Portofino condos currently under contract. The list prices were $172,500 and $189,900. This works out to an average list price of $181,200 which equals $156.15 per sq. ft. of living area. These condos were on the market for an average of 79 days before going under contract.

In the past 12 months, 6 condos have sold in Portofino, with sales prices ranging from $112,000 up to $165,000. This equals an average sales price of $148,500 which works out to $141.13 per sq. ft. of living area. The average days on the market was 48 and the average list to sales price ratio was 97%.