Stuart FL 34997 Condo Market Report October 2017

11.22.17 by Gabe Sanders

Stuart FL 34997 Condo Market Report October 2017

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

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

There are currently 53 active condo listings (Increased by 4 condos from September).

25 Condo sales are pending and awaiting close or lender approval (Increased by 7 condos from September).

Stuart FL 34997 Condo Market Report October 2017

10 Condos Sold in October (Decreased by 3 condos from September).

Stuart FL 34997 Condo Market Report October 2017

The Stuart FL condo market for zip code 34997 continues to show strong activity even with a decrease in closed sales for the past two months. This decrease may be attributed to Hurricane Irma which shut down real estate for a little over a week in September with ripple effects that have continued.

The absorption rate increased to 5.3 months in October compared to 3.8 months for September. Still in a 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 October 2016 numbers were: 72 active listings, 27 pending sales, and 6 closed sales. Better closed sales this year even with a lower inventory of available condos.

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Stuart FL 34997 Condo Market Report October 2017

Stuart FL 34997 Residential Market Report October 2017

11.21.17 by Gabe Sanders

Stuart FL 34997 Residential Market Report October 2017

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

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

There are currently 291 active listings (Increased by 17 homes from September).

131 Residential sales are pending and awaiting close or lender approval (Increased by 1 homes from September).

68 Homes Sold in October (Unchanged from September)

The Stuart Florida Residential Market for ZIP Code 34997 remains active with good activity even through last September’s hurricane.

The absorption rate inched up to 4.3 months (was 4.0 months for September). Continuing as a seller’s market for the 34997 zip code area of Stuart for October 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 October, were: 331 active listings, 132 pending listings, and 58 closed sales. Better closed activity this year with a lower inventory.

Stuart FL 34997 Residential Market Report October 2017

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Stuart FL 34997 Residential Market Report October 2017

Buttonwood Condos November 2017 Market Report

11.21.17 by Gabe Sanders

Buttonwood Condos November 2017 Market Report

For November 2017, there are 2 condos available for sale in the Buttonwood Condos on Hutchinson Island in Stuart FL. The list prices are $949,000 and $1,000,000 which averages to $974,500 or $424.81 per sq. ft. of living area.

No condos are currently under contract in Buttonwood.

In the past 12 months, there have not been any sales in the Buttonwood condos,

About the Buttonwood Condos on Hutchinson Island:

The Buttonwood Condos on Hutchinson Island are some of the most spacious homes available on the ocean. These condos were built in 1983 and offer only 18 residences for discerning customers interested in a luxury oceanfront lifestyle. These condos range in size from a 3 bedroom, 4 bath residences of just under 2,300 sq. ft. of air-conditioned space plus balconies down to 2 bedroom, 2 bath with over 1,600 sq. ft.

Buttonwood residents enjoy private access to their own beach on the Atlantic, a heated pool and spa, clubhouse and tennis court. Additional amenities include private garages for all units, a vehicle wash area, and bicycle storage.

Buttonwood is a pet-friendly building with up to 2 large dogs permitted. No rentals are allowed.

Condo and management fees are just over $800 a month. Buttonwood Condos on Hutchinson Island in Stuart FL is located approximately 1 mile north of the Stuart Causeway.

Search here for all Buttonwood condos for Sale

Links to all Martin County Condos on Hutchinson Island in Stuart and Jensen Beach you may wish to consider:
Angler Cove – Beachwood Villas – Buttonwood – Dune Condominium – Fairwinds Cove – Green Turtle Cove – Hutchinson House –Indian River Plantation Condos – Islander 12 – Jensen Beach Club – Little Ocean Club – Little Ocean Place – Maritimes – Ocean View –Sailfish Point – Sandpebble – Seaside – Suntide

Buttonwood Condos November 2017 Market Report

Stuart FL 34996 Condo Market Report October 2017

11.20.17 by Gabe Sanders

Stuart FL 34996 Condo Market Report October 2017

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

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

There are currently 130 active condo listings (Increased by 18 condos from last month).

24 Condo sales are pending and awaiting close or lender approval (Decreased by 9 condos from September).

22 Condos Sold in October (Up by 1 condos from September)

The Stuart FL 34996 Condo Market of Stuart continued with steady activity though pending sales were off which may indicate some slower sales numbers in the coming months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 increased to 5.9 months from September’s 5.3 months. Still a seller’s market for this segment of Martin County condos but now very close to a buyer’s. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for October 2016 were: 137 active listings, 23 pending sales and 11 closed sales. One of the few areas of martin County with better activity this year when compared to 2016.

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Stuart FL 34996 Condo Market Report October 2017

Islandia Condos November 2017 Market Report

11.20.17 by Gabe Sanders

Islandia Condos November 2017 Market Report

In late November 2017, there are 10 condos for sale in Islandia on Hutchinson Island in Jensen Beach FL. List prices range from $325,000 up to $550,000 for an average list price of $400,530 or $301.03 per sq. ft. of living area.

There is 1 condo currently under contract in Islandia. This condo was listed for $324,900 which is $264.58 per sq. ft. of living area. This condo was on the market for 27 days prior to going under contract.

In the past 12 months, 25 Islandia condos have sold. Sales prices ranged from $210,000 up to $350,000 for an average sales price of $304,229 which is equal to $283.57 per sq. ft. These units sold for an average of 95% of list price and averaged 144 days on market prior to going under contract.

About the Islandia Condos of Jensen Beach on Hutchinson Island:

The Islandia Condos of Jensen Beach on Hutchinson Island consists of two 20 story buildings that were built in 1982. There are 388 total residences in these two buildings which are called Islandia I and II. Very conveniently located to the north of the Jensen Beach Causeway, and is just a short drive away from downtown Jensen Beach, shopping and restaurants.

Condos in Islandia come in large 3 bedroom, 3 bathroom units with 1,929 sq. ft. of living area plus balconies and 3 bedroom, 2 bathroom units with 1,544 sq. ft. as well as 2 bedroom, 2 bath condos with either 1,437 or 1,228 sq. ft. Islandia residents enjoy wonderful amenities that include 2 Oceanside pools, private beach access, BBQ grilling area, Jacuzzi, tennis and bocce courts, and overflow parking with trailer and RV parking spaces. Interior facilities include a large social area with bar and kitchen, billiards, fitness center and steam sauna. There is an office with on-site management and 24 guard gated security.

Islandia I does not allow pets, while those in Islandia II are allowed one pet under 30 lbs. Both buildings allow rentals with restrictions. The condo association fees range from $475.00 to $655.00 per month (as of November 2017).

Those looking for a friendly beach community on Hutchinson Island in Jensen Beach should take a look at the Islandia Condo offerings.

Click here for currently available Islandia Condos for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you November wish to consider:
Admiral – Atlantis – Claridge – Dune Walk – Empress – Island Club – Island Crest – Island Dunes – Miramar – Miramar Royale – Ocean Dunes – Oceana North – Oceana Oceanfront – Oceana South – Ocean Towers – Oceanrise – Ocean Bay Villas – Princess – Regency –Sand Dollar Shores – Sea Winds – Villa del Sol

Islandia Condos November 2017 Market Report

River Pines Townhouses November 2017 Market Report

11.19.17 by Gabe Sanders

River Pines Townhouses November 2017 Market Report

As of November 2017, there are 6 active listings for River Pines townhouses for sale in Stuart, FL. Prices range from a low of $147,500 up to $159,750 which equals to an average list price of $153,342 or $115.06 per sq. ft. of living area.

There are 5 River Pines town homes under contract awaiting sale. List prices are from $138,500 up to $174,900 for an average list price of $151,840 or $113.05 per sq. ft. of living area. These properties averaged 122 days on the market prior to going under contract.

In the past 12 months, 23 townhouses have sold in River Pines with sales prices ranging from$129,900 to $165,000 which equals to an average sales price of $144,689 or $112.29 per sq. ft. of living area. These townhomes have been on the market for an average of 66 days prior to going under contract and sold for 98% of the last list price.

About River Pines in Stuart FL:

Located just off the Intracoastal Waterway off of Cove Road in Stuart is the River Pines community. 396 private residences in quad style town-homes. This community was built in 1981 and 1982 and all homes are 1288 sq. ft. of living area with 2 bedrooms and 2 and ½ baths. There are large private courtyards for each home, some of which the residents have enclosed for added living area.

Only a short walk or bike ride to the Saint Lucie River with access for kayak launch. Boat ramps also nearby. All ages are welcome and 2 small pets are permitted. Each home has 2 reserved parking spots with additional guest parking. Amenities include 2 Community pools, tennis courts and racquetball/handball courts. There’s also a private preserve adjacent to the Intracoastal available exclusively for residents use.

A very well run community with excellent financials. Residents have the option of joining the Miles Grant golf club (just across the street).

As of November 2017, HOA fees were $167 per month.

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River Pines Townhouses November 2017 Market Report

Riverbend at IRP November 2017 Market Report

11.18.17 by Gabe Sanders

Riverbend at IRP November 2017 Market Report

In November of 2017, there is only 1 condo for sale in the Riverbend community of Indian River Plantation. This condo has a list price of $424,000 or $282.67 per sq. ft. of living area.

There are no condos currently under contract.

In the past 12 months, 6 condos have sold. Sales prices ranged from $320,000 up to $480,000 for an average sales price of $395,167 which equals $251.29 per sq. ft. These units sold for an average of 96% of list price and averaged 191 days on market prior to going under contract.

About Riverbend in Indian River Plantation

The Riverbend condos of Hutchinson Island in the Indian River Plantation complex of Stuart consist of five three story elevator buildings close to the Marriott Resort and full service marina in Indian River Plantation. These units were built between 198 and 1989 with many condos having magnificent wide water views of the Intracoastal Waterway also knows as the Indian River and others with sweeping views of the Indian River Plantation Golf Course and lakes.

There are 86 spacious condos with a mix of three bedroom, three bathroom condos of 1,950 sq. ft. and two bedroom two bath condos ranging in size from 1,366 or 1,735 sq. ft. of living area. This is a pet friendly building with up to two large pets permitted. Riverbend residents enjoy their own community pool for Riverbend resident’s exclusive use. Covered parking is also a plus with either under building parking or private detached garages.

Current condo and management fees are from $1,560 to 1,890 per quarter depending on the size of the condo.

Click here to view available Riverbend Condos for Sale

The Marriott Resort at Indian River Plantation Features:

Indian River Plantation consists of numerous condominium associations and buildings. All styles from Oceanfront to Riverfront and Golf and Tennis villas can be found here. IRP is associated and co-located with the Marriott Resort and Marina.

Tucked away on Hutchinson Island, the Treasure Coast’s 16-mile lush barrier island, is a unique resort that greets guests with the warmth of true Southern hospitality.

The Hutchinson Island Marriott Beach Resort and Marina stretches across 200 acres of plantation landscape on Hutchinson Island, bordered on one side by the Atlantic Ocean and by the shimmering Indian River on the other side.

A newly remodeled lobby with sweeping draperies, plantation-style wood furnishings and tropical tones sets the stage for a magical golf getaway. This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. Plantation East, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

The Hutchinson Island Marriott offers guests and residents two tiki bars and their Signature Restaurant, the Baha Grille. Thirteen Novagrass tennis courts, miles of unspoiled beaches, water sports, deep sea fishing, and a full-service 77-slip marina anchored on the Indian River round out a perfect vacation of sun and fun.

Resort amenities also include three heated pools with sundecks, game rentals from the Activities Hut, two outdoor spas and supervised activities for both children and teens.

Search Hutchinson Island Homes For Sale

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

Riverbend at IRP November 2017 Market Report

Stuart FL 34996 Residential Market Report October 2017

11.17.17 by Gabe Sanders

Stuart FL 34996 Residential Market Report October 2017

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

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

There are currently 129 active listings (Unchanged from September).

30 Residential sales are pending and awaiting close or lender approval (Up by 11 homes from September).

5 Homes Sold in October (Decreased by 1 homes from September).

The 34996 zip code area of the Stuart Florida residential real estate rebounded some for October mostly with strong pending sales. Closed sales remain weak. Much of this may be attributed to Hurricane Irma which shut down real estate for a little over a week last month. Some of October’s activity could have been impacted by Hurricane Irma which shut down real estate for a little over a week in September with ripple effects that have continued.

The one month absorption rate for the 34996 zip code area of Stuart Florida for October jumped to 25.8 months as compared to September’s 65 months. Still a strong buyer’s market for the 34996 zip code area of Stuart FL but trending in the right direction. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for October of 2016 were: 174 active listings, 25 pending sales, and 15 closed sales. Considerably better closed activity from last year but with a much larger inventory.

Stuart FL 34996 Residential Market Report October 2017

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Search here for real estate in the 34996 Zip Code of Stuart FL

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Stuart FL 34996 Residential Market Report October 2017

Island Club Condos November 2017 Market Report

11.17.17 by Gabe Sanders

Island Club Condos November 2017 Market Report

In late November 2017 there were no condos available for sale in the Island Club on Hutchinson Island which is also sometimes called the Hutchinson Island Club.

There are also no condos currently under contract.

In the past 12 months, 8 condos have sold. Sales prices ranged from $232,000 up to $560,000 for an average sales price of $334,625 which is equal to $209.98 per sq. ft. These units sold for an average of 96% of list price and averaged 62 days on market prior to going under contract.

About the Island Club Condos in Jensen Beach FL:

The Island Club Condos of Jensen Beach are also known as the Hutchinson Island Club. This one of a kind condo building was built in 1977 just to the south of the Waveland Public beach on Saint Lucie County to the north of the Jensen Beach Causeway. There are 92 residences in this 11 story building.

The Island Club is unique because it features spectacular ocean views from floor to ceiling windows in all units. All of these condos are also considerably larger than your average oceanfront offering with a number of 2 story 3 bedroom plus den, 3 bathroom condos of 2,524 sq. ft. not including the balconies as well as roomy 2 bedroom, 2 bath condos with 1,452 sq. ft. of living area. Some units have a detached one car garage. Though there is reserved parking and ample guest parking for all.

Amenities in the Island Club are a heated a pool, Jacuzzi, fitness room, kitchen, social area, billiard room, library, bar, BBQ grills, gazebo, sauna and shuffleboard courts. All of this for just over $600 a month condo fees plus some for larger units and those that come with a one car garage.

Sorry, no pets are permitted in the Island Club, but rentals are allowed with some restrictions.

If you’re in the market for unparalleled views from a spacious home on the ocean, the Hutchinson Island Club may be the perfect spot for you.

Click here for currently available Island Club Condos for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
Admiral – Atlantis – Claridge – Dune Walk – Empress – Island Crest – Island Dunes – Islandia – Miramar – Miramar Royale – Ocean Dunes – Oceana North – Oceana Oceanfront – Oceana South – Ocean Towers – Oceanrise – Ocean Bay Villas – Princess – Regency –Sand Dollar Shores – Sea Winds – Villa del Sol

Island Club Condos November 2017 Market Report

Stuart FL 34994 Condo Market Report October 2017

11.16.17 by Gabe Sanders

Stuart FL 34994 Condo Market Report October 2017

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for October 2017

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

There are currently 92 active condo listings (Up by 19 condos from September).

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

14 Condos Sold in October (Unchanged from September).

The Stuart FL 34994 Condo market showed an unexpected jump in inventory for October. Sales remained low with an icrease in pending sales. Some of October’s activity could have been impacted by Hurricane Irma which shut down real estate for a little over a week in September with ripple effects that have continued.

The absorption rate for October increased to 6.6 months compared to last month’s 5.2. Now into a balanced 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 October the numbers were 93 active listings, 30 pending sales, and 14 closed sales. Very similar activity to last October.

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Stuart, FL Real Estate

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Stuart FL 34994 Condo Market Report October 2017

The Arbors in Hobe Sound November 2017 Market Report

11.16.17 by Gabe Sanders

The Arbors in Hobe Sound November 2017 Market Report

There are 3 available homes for sale in The Arbors as of November 2017. List prices are from $539,000 up to $599,000 for an average of $571,000 which equals $225.17 per sq. ft. of living area.

There are two homes under contract which has not completed the sales process. The list prices were $425,000 and $450,000 for an average list price of $437,500 or $226.41 per sq. ft. of living area. These homes were on the market for an average of 44 days prior to going under contract.

In the past 12 months, 7 homes have sold in the Arbors. Sales prices ranged from $375,000 up to $575,000 for an average sales price of $479,657 which equals $193.08 per sq. ft. of living area. These sales averaged at 96% of the listed price and were on the market for an average of 82 days prior to entering into an agreement for sale.

About the Arbors in Hobe Sound:

In northern Hobe Sound just west of Federal Highway and off of Seabranch Avenue is the exclusive 190 homes of the Arbors. This exclusive gated community of upscale homes all border on lakes or preserve with generous lots and elbow room not found in many modern developments. In addition to the two serene lakes, the Arbors also contains generous nature preserves to protect the indigenous hardwoods and pines as well as offering a home to native flora and fauna. Residents of the Arbors enjoy seeing endangered scrub jays and gopher tortoises as well as pairs of sandhill cranes. To enjoy the surrounding 100 acres of protected preserve areas, the Arbors has set up a walking trail through much of this land. Great for a morning walk or excellent exercise for those that wish to go for a run or jog.

All this in a location that is just minutes from many championship golf courses, the beautiful beaches of the Atlantic Ocean and the marinas and waterways of Martin County. Close to Martin County’s ‘A’ rated schools, shopping centers, medical facilities and all necessary urban services yet in a quiet peaceful setting. The Arbors is less than an hour away from Palm Beach International Airport and just about equidistant from Miami and Orlando, both only two hours by car.

The Arbors is a wonderful place to call home.

Search for all Arbors Homes in Hobe Sound Real Estate

The Arbors in Hobe Sound November 2017 Market Report

Stuart Florida 34994 Residential Market Report October 2017

11.15.17 by Gabe Sanders

Stuart Florida 34994 Residential Market Report October 2017

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

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

There are currently 76 active listings (Unchanged from September)

27 Residential sales are pending and awaiting close or lender approval (Increased by 6 homes from last month).

12 Homes Sold in September (Increased by 4 homes from September)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida rebounded some from the previous month’s slower hurricane impacted activity.

The one month absorption rate for the 34994 zip code for October decreased to 6.3 months from 9.5 months for September. Bringing the 34994 zip code area of Stuart, FL back into a balanced market. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The October 2016 numbers were 56 Active Listings, 32 pending sales, and 16 closed sales. Better sales and pending activity last year even though the inventory was smaller. Some of this year’s activity could have been impacted by Hurricane Irma which shut down real estate for a little over a week in September with ripple effects that continued longer.

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

Stuart Florida Real Estate presented by:
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