Inlet Village February 2018 Condo Real Estate Market Report

There are 5 condos for sale in the Inlet Village Condominiums of Indian River Plantation on Hutchinson Island in Stuart FL for February 2018. List prices range from $219,900 up to $304,000 for an average list price of $261,560 which is $239.28 per sq. ft. of living area.

There are 2 condos currently under contract. These condos were listed for $226,000 and $325,000 for an average list price of $275,500 which is $233.19 per sq. ft. of living area. These two condos averaged 11 days on the market prior to going under contract.

In the past 12 months, 7 condos have sold in Inlet Village. Sales prices ranged from $150,000 up to $320,000 for an average sales price of $230,500 which equal $219.53 per sq. ft. of living area. These condos sold for an average of 94% of list price and were on the market for an average of 98 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 seeping views of lakes and the Indian River Plantation golf course.

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 a enjoyable lunch.

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 (as of February 2018) were $500 a month and cover the common areas as well as building insurance and outside maintenance as well as water and sewer.

Search for Inlet Village Condos for Sale

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

Inlet Village February 2018 Condo Real Estate Market Report

Spinnaker Point February 2018 Market Report

02.11.18 by Gabe Sanders

Spinnaker Point February 2018 Market Report

There is one home for sale in Spinnaker Point on Hutchinson Island in February 2018. This home is listed for $1,649,000 which equals $482.02 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months, 2 Spinnaker Point homes have sold. Sales prices were $980,000 and $2,525,000 for an average sales price of $1,752,500 or $385.66 per sq. ft. of living area. These homes averaged 232 days on the market before going under contract and sold for an average of 93% 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. HOA fee as of February 2018 is $167 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

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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Stuart FL Real Estate is presented by:
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Spinnaker Point February 2018 Market Report

Foxwood Stuart FL February 2018 Market Update

02.10.18 by Gabe Sanders

Foxwood Stuart FL February 2018 Market Update

As of February 2018, there are 2 homes on the market in the Foxwood equestrian community in Stuart, FL. List prices are $419,900 and $549,900 for an average list price of $484,900 which works out to $206.86 per sq. ft. of living area.

There is 1 home under contract at this time. It was listed for $624,900 or $226.91 per sq. ft. of living area. This home was on the market for 56 days before going under contract.

In the past 12 months there were a total of 7 sales in this sought after Stuart community. Sales prices ranged from $285,000 to $445,000 for an average of $$372,843 which equals $150.14 per sq. ft. of living area. These sales averaged a sales price of 97% of the last list price and took an average of 73 days on the market before going under contract.

About Foxwood in Stuart FL:

Foxwood is located just west of I-95 on Pratt and Whitney road in Western Stuart Florida. It consists of 109 home sites that are all 2 acres or larger. Horses are permitted with a zoning of one horse per acre. Foxwood was designed with Florida’s natural environment in mind. Every Foxwood home is custom built with the residents encouraged to keep some natural habitat in place. Recently, a rare Florida Panther was seen going through Foxwood.

Association fees are a very reasonable $450 per year. These fees cover maintenance of the private roads, sanitation and management fees. More information about the Foxwood Property Association can be found at this community’s property association web site: Foxwood Property Association of Stuart Florida

Construction of homes in Foxwood began in 1978. Four phase of development ended with the last phase commencing in 1990. Most lots have been developed with just a handful of vacant lots left of which currently none are available for sale (as of this writing).

Foxwood is located less than a mile from the ‘A’ Rated South Fork High School with easy access to Palm Beach County and only 15 minutes to downtown Stuart and the pristine beaches of Martin County.

A perfect place to call home for those who desire some room to roam yet be close to shopping, restaurants and other urban areas.

Currently Available Homes in Foxwood

For more information about this and other Martin County communities contact:
Gabe Sanders

Stuart Florida Real Estate

Residential Homes, Condos and Land with special emphasis on Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Foxwood Stuart FL February 2018 Market Update

Stuart FL 34994 Condo Market Report January 2018

02.09.18 by Gabe Sanders

Stuart FL 34994 Condo Market Report January 2018

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for January 2018

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

There are currently 113 active condo listings (Up by 22 condos from December).

51 Condo sales are pending and awaiting close or lender approval. (Increased by 16 condos from last month)

19 Condos Sold in December (Increased by 4 condos from December).

The Stuart FL 34994 Condo market had a very strong opening for the year with all activity increasing.

The absorption rate for December decreased to 5.9 months compared to last month’s 6.1. Inching back into a seller’s market for this condo segment of Stuart’s 34994 zip code area after one month of a seller’s market. 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 91 active listings, 40 pending sales, and 18 closed sales. Very similar activity compared to last year but with a slightly higher inventory of available condos for sale.

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Stuart FL 34994 Condo Market Report January 2018

Gull Harbor February 2018 Market Report

02.09.18 by Gabe Sanders

Gull Harbor February 2018 Market Report

There is currently 1 home for sale in Gull Harbor in Palm City FL. This home is listed for $434,900 or $193.12 per sq. ft. of living area.

Currently, there are no homes under contract in this community.

In the past 12 months, there have been 2 sales in Gull Harbor. These homes sold for $530,000 and $679,950 which equals an average sales price of $604,975 and works out to $284.42 per sq. ft. of living area. These sales prices were 98% of the last list price and these homes averaged 141 days on the market before going under contract.

About Gull Harbor Real Estate in Palm City FL

The Gull Harbor community of Palm City consists of mostly waterfront homes on the shores of the South Fork of the Saint Lucie River as well as an exceptionally wide and deep canal off the river. This is a non-gated neighborhood with 43 homes and no HOA or deed restrictions. Of these 43 homes, only 4 do not have access to a dock in their backyards.

Gull Harbor in Palm City FL — Google Earth image

The first home built in Gull Harbor was in 1961 and the last was completed in 2014. There is one residential lot left in Gull Harbor that has not been built upon. Homes range in size from as small as just over 1,300 sq. ft. of living area with 3 bedrooms and 2 bathrooms up to a 5 bedroom, 3 bathroom home with just under 5,000 sq. ft. of space for living area.

Children attend Bessey Creek Elementary, Hidden Oak Middle and Martin County High Schools. All of which are considered to be excellent schools in Florida.

Gull Harbor lies just east of Mapp Rd (North of Martin Downs Blvd), see the map below. Very convenient location with easy access to downtown Stuart, FL or Florida’s Turnpike for commuters and with many choices for shopping, entertainment and other amenities close by.

Click on this link to search for available Gull Harbor Homes for Sale

Stuart Florida 34994 Residential Market Report January 2018

02.08.18 by Gabe Sanders

Stuart Florida 34994 Residential Market Report January 2018

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for January 2018

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

There are currently 86 active listings (Down by 3 homes from December)

38 Residential sales are pending and awaiting close or lender approval (Increased by 17 homes from last month).

11 Homes Sold in December (Decreased by 3 homes from December)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues to gain inventory while sales are not keeping up with this increased volume of available homes for sale. I expect this to abate as we have a strong volume of pending sales.

The one-month absorption rate for the 34994 zip code for December rose to 7.8 months from 6.4 months for December. Entering into a buyer’s 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 January 2017 numbers were 74 Active Listings, 22 pending sales, and 7 closed sales. Considerably stronger activity this January 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 Stuart Florida Real Estate for Sale

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