Stuart Florida Market Report ZIP Code 34997 – Residential, October 2011

11.19.11 by

Stuart Florida Market Report ZIP Code 34997 – Residential, October 2011

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2011

There are currently 519 active listings (an increase of 16 from September).

194 Residential sales are pending and awaiting close or lender approval (Up 13 from September).

47 Homes Sold in September (Down 13 from September)

October was a slow month for the 34997 zip code area of Stuart Florida.  Inventory increased for the second month in a row.  Sales were off also.  The only good news was an increase in pending sales.  Typically, October and the next few months have slower traffic and sales activity as many potential buyers and sellers are preoccupied with the holiday season.
It is interesting to note that those homes selling in under 90 days on the market continue to sell at 95% of the list price.  If a home is priced to market, it will sell in 90 days.

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

Stuart Florida Market Report ZIP Code 34997 – Residential, October 2011

Cobblestone Country Club in Palm City, Florida

11.19.11 by

Cobblestone Country Club in Palm City, Florida

Located just west of the center of Palm City, Cobblestone Country Club in Palm City, Florida is a peaceful neighborhood of 512 acres with only 238 residences providing generous amounts of space around each home. This upscale community is adjacent to exit 110 on I-95 with easy access to all that Palm Beach County to the South and Orlando to the North, has to offer while enjoying the laid back low growth lifestyle, lower taxes and superior school systems that Martin County offers. Residents enjoy coming home to picturesque views of lakes, preserves and the 18-hole private Fox Golf Course in the Cobblestone Country Club. Homes in Cobblestone consist of new custom-built homes and a selection of quality newer resales. 

Cobblestone Country Club Homes for Sale

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Cobblestone Country Club in Palm City, Florida

Stuart Florida Market Report ZIP Code 34994 – Condo, October 2011

11.18.11 by

Stuart Florida Market Report ZIP Code 34994 – Condo, October 2011

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for October 2011

For October 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 135 active condo listings (Up 3 from September).

31 Condo sales are pending and awaiting close or lender approval. (Down 14 from last month)

21 Condos Sold in October (Up 3 units from September).

The Stuart condo market for the area in ZIP code 34994 had slow October activity as the seasonal condo market does not begin till after the upcoming holidays.  Sales were up by 3 units, but pending sales were off considerably and a small rise in existing inventory.  Typically, inventory should rise as many sellers will try to time the market for the coming season.  Unfortunately, this will continue to exert price pressure on existing sales as the law of supply and demand states that an increase in inventory will dilute demand and put pressure on prices to drop further. 

Should we have some positive economic news, we may see a strong winter season for sales, it will be interesting to see what happens!

Search here for Stuart Florida Real Estate for Sale ( Condos)

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Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34994 – Condo, October 2011

‘Les Miserables’ Debuts in Stuart, FL

11.18.11 by

‘Les Miserables’ Debuts in Stuart, FL

For the first time ever showing in their own brand new theatre, the StarStruck Performing Arts Center of Stuart, Florida premiered the critically acclaimed musical, “Les Miserables”.  Adapted from Victor Hugo’s classic epic on the power of love in a loveless time.  

This musical has been praised for years with few teen groups talented or daring enough to brave the “vocally demanding” harmonies and range presented in the show.  The StarStuck Performing Arts Center, (founded by producer Jennifer Jones and musical director Peter Jones) seemed to have no problem with this challenge, however.  With a cast of thirteen to eighteen-year-olds, the musical starred Kevin Paul a fifteen-year-old sophomore at The Pine School as Jean Valjean, a former convict trying to regain his life after breaking parole in the merciless streets of France during and after the French Revolution.  Accompanied by an obsessed Inspector Javert (Cory Jeacoma), a tragic prostitute (Maddy Mills), his adopted daughter (Sydney Carbo), a French rebel (Christopher Mash), and a struggling peasant (Katie Rodgers). 

The cast of Les Miz absolutely “triumphed” according to an article featuring Starstruck’s production in the Stuart News.  Award-winning scores included: “I Dreamed a Dream” (performed by Ms. Mills) and “One Day More” (a cast song) all performed live on StarStruck’s new stage.  From daring soprano solos to breathtaking harmonies the Les Miz cast left you crying and laughing with their weekend performances from November 10th-13th.  Their timeless songs stuck in your head for days.

For more information about Stuart’s award-winning performing arts center visit http://www.starstruckfl.com/ and be sure to reserve tickets for their upcoming productions of The Wiz and Annie all coming soon at the StarStruck Performing Arts Center in Stuart, Florida.

For more information, visit our website or call us at (772) 888-2885.
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Stuart Florida Market Report ZIP Code 34994 – Residential, October 2011

11.17.11 by

Stuart Florida Market Report ZIP Code 34994 – Residential, October 2011

Stuart Real Estate Snapshot for ZIP Code 3499, Residential Sales for October 2011

For October 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 77 active listings (Up 6 from September).

36 Residential sales are pending and awaiting close or lender approval (Unchanged from September).

9 Homes Sold in October (Up 2 from September)

The 34994 ZIP code area of Stuart continues to do well, especially as compared to the surrounding areas.  While inventory was up by seven homes last month, pending sales remain strong and closed sales were up.  Considering that this is typically a slow time for our area, these are strong results.

We’re not expecting any large changes for the holiday season, possibly some easing of the market.  May have a surprisingly strong new year coming up if the economy will let it happen.

Search here for Stuart Florida Real Estate for Sale

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the Gabe Sanders real estate team

Stuart Florida Market Report ZIP Code 34994 – Residential, October 2011

The Stuart Air Show

11.15.11 by

The Stuart Air Show

An annual highlight for Stuart residents in Martin County is the fun and also educational experience that comes from the Stuart Air Show.  Anyone who was in or near town this past weekend heard evidence of the air show’s arrival simply by the sound of all the planes (new and old) that flew over Stuart this past weekend from November 11-13.

But the air show had more to offer than just daredevil pilots and their amazing planes and stunts.  This annual event brings in a diverse number of people to enjoy the show and its fun-filled activities, good food as well as static displays.  For the children, there were rides and funhouses that kept them active and happy.  Along with rides, the air show had a live concert, displays of historical aircraft, community exhibits, and for the first time ever a real reenactment of a WWII battle scene complete with historical planes and troops!
Residents and visitors lined up to see the amazing stunts delivered by these pilots with proceeds benefiting the Road To Victory Military Museum and other local organizations. Yet while most people attended the Stuart Air show to experience the whole experience, many choose to camp out on the outskirts.
Crowding the bridges, parks and even the Saint Lucie River on their boats, many families watch the skies as the planes twist and twirl through the air making it an event that is bigger than just those attending at Witham Field.  A wonderful yearly experience, the Stuart Air show is a big hit for Martin County natives and tourists alike while helping many deserving charities as well.

For more information, visit our website or call us at (772) 888-2885.
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Sewalls Point Market Report – Residential, October 2011

11.15.11 by

Sewalls Point Market Report – Residential, October 2011

Sewalls Point Real Estate Snapshot, Residential Sales for October 2011

There are currently 43 active listings (a decrease of 10 homes for sale from September)

14 Residential sales are pending and awaiting close or lender approval (Up 5 from September)

Only 1 Home sold in October (Down 3 from September)

In October of 2011, only 1 home was sold in Sewalls Point, Florida.  This home was a waterfront home on North Sewalls Point and sold for 94% of the listing price.  Buyers were represented by our office.  The inventory for Sewalls Point declined for October as we had an increase in pending sales to 14 homes and a number of sellers have allowed their homes to go off the market.

Lower inventory and hope for more future sales is a good signs as we enter the winter season and next year.  As the holidays approach we may have some softening of the market as both buyers and sellers tend to be more occupied with family and the distractions of the season.

Search here for Sewalls Point Florida Real Estate for Sale

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

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Sewalls Point Market Report – Residential, October 2011

Lost Lake in Hobe Sound Florida

11.07.11 by

Lost Lake in Hobe Sound Florida

 18 holes of golf, a great clubhouse, statuesque homes filling the beautifully landscaped streets, and ideal views of open fields and small lakes in a peaceful neighborhood; Lost Lake could be your dream neighborhood in Hobe Sound.

Located just west of US-1 in Martin County, Lost Lake sits in a peaceful area close to shopping in Hobe Sound, Stuart and only a few minutes further to Jupiter.  Lost Lake is located very close to the mariner’s destination known as Peck Lake, great for weekends out on the boat!  Just minutes to the beaches as well.  Lost Lake can be the location for your dream home tomorrow!

Search for Lost Lakes Homes for Sale in Hobe Sound, Florida

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Lost Lake in Hobe Sound Florida

Sailfish Point in Stuart Florida

10.30.11 by

Sailfish Point in Stuart Florida

Sailfish Point is a truly world-class facility for everyone, with special emphasis on golfers and boaters. Almost completely surrounded by tropical waters this wonderful community has earned the reputation of being one of Florida’s most exclusive private residential enclaves in one of the world’s most naturally beautiful settings.

Located directly on the Atlantic Ocean adjacent to the St. Lucie Inlet at the Southern tip of Hutchinson Island makes Sailfish Point a truly unique community. Situated on 532 acres with only 520 homes there’s ample room for privacy and nature’s beauty.   The lucky residents of Sailfish Point can enjoy five miles of pristine Atlantic shoreline, a Jack Nicklaus “Signature” golf course, an elegant full-service beachfront country club with tennis, fitness center and more and a full-service deep water marina with immediate ocean access.

In addition to the private homes, there are a few spectacular waterfront townhomes and a number of spacious ocean and inlet-facing condominiums.

Some Sailfish Point benefits include:

  • 24-hour manned gated entry, security staff is on duty 24/7
  • Jack Nicklaus Signature Golf Course
  • 60,000 square foot oceanfront clubhouse
  • The community pool features swim lanes, a hot tub and a separate splashing area for the kids.
  • The Tennis Center includes eight Har-Tru® courts (five lighted), and two full-time tennis pros as well as a stocked pro shop.
  • The full-service, private Marina and Yacht Club offers 77 deep water slips and can accommodate vessels up to 125 feet long.  This protected marina is only minutes from the Inlet and just a quick day’s sail to the Bahamas.
  • The Fitness Center offers the very latest in cardiovascular and weight-training machines and free weights. Personal trainers are available to provide a complete fitness evaluation and workout regimen and classes in Pilates, yoga, spinning, dance, jazzercise and general fitness are offered.
  • The private, luxurious Sailfish Point spa offers specialty massages, body treatments, facials, manicures, pedicures, makeup, nail services and complete hair care.

Search here for all Sailfish Point Real Estate in Stuart Florida

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Sailfish Point in Stuart Florida

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, September 2011

10.29.11 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, September 2011

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for September 2011

For September 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 38 active condo listings. (Down 4 from last August)

6 Condo sales are pending and awaiting close or lender approval. (Unchanged from August)

    The Hobe Sound condo market is very small as compared to the condo market for the remainder of Martin County.  There were no sales of condos in September of 2011.  The inventory continued to decline and only 6 condos are presently under contract.

    With the low inventory, this is one of the best seasons in quite some time for those that have a desire to sell their Hobe Sound condo.  While prices aren’t going up, the lack of inventory might just result in a very good sale for today’s market conditions.
 

Search here for Hobe Sound Florida Real Estate for Sale ( Condos)
Hobe Sound Florida Real Estate presented by:
the Gabe Sanders real estate team

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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, September 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, September 2011

10.28.11 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, September 2011

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for September 2011

For September 2011 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the August Market Snapshot data was unavailable)

There are currently 55 active listings. (Up 4 from August)

10 Condo sales are pending and awaiting close or lender approval. (Down 5 from August)

8 Condos Sold (An increase of 3 condos from August)

The Jensen Beach condo market report (ZIP Code 34957) showed a slow month for September 2011 with only sales showing a positive result with an increase of 3 since August.  Pending sales are off as well as a rising inventory.

As long as the inventory doesn’t increase appreciably this should be a good winter for Jensen Beach condo sales, though prices probably will not increase yet.  Should the inventory continue to increase, pressure will be on prices and may show some more decreases in the future.

Search here for Jensen Beach Real Estate for Sale

Jensen Beach Florida Real Estate presented by:
the Gabe Sanders real estate team

For more information, visit our website or call us at (772) 888-2885.
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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, September 2011

Palm City Florida Market Report ZIP Code 34990 Condo, September 2011

10.27.11 by

Palm City Florida Market Report ZIP Code 34990 – Condo, September 2011

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for September 2011

For September 2011 in the 34990 Zip Code area of Palm City, Florida :

There are currently 61 active condo listings. (Up 9 from August)

4 Condo sales are pending and awaiting close or lender approval. (Down 1 from last August)

1 Condo Sold in September. (A decrease of 3 condos from August)

The Palm City condo market report (ZIP Code 34990) showed a slow month for September 2011 as sales, as well as pending sales, were all off for the month.  In addition, the inventory rose for the first time this year.  Hopefully, this is just a seasonal result as this is the slow time on the Treasure Coast for condo sales.

As long as the inventory doesn’t increase appreciably this should be a good winter for Palm City condo sales, though prices probably will not increase yet.  Should the inventory continue to increase, pressure will be on prices and may show some more decreases in the future.

Palm City, FL Real Estate

Rental Properties

Residential Properties

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Palm City Florida Real Estate presented by:
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Palm City Florida Market Report ZIP Code 34990 – Condo, September 2011

Stuart Florida Market Report ZIP Code 34997 – Condo, September 2011

10.26.11 by

 Stuart Florida Market Report ZIP Code 34997 – Condo, September 2011

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2011

For September 2011 in the 34997 Zip Code area of Stuart, Florida :

There are currently 112 active condo listings (An increase of 5 units from August).

16 Condo sales are pending and awaiting close or lender approval (Unchanged from August).

4 Condos Sold in June (Down 5 from August).

The Stuart condo market for the area in ZIP code 34997 showed the weakest results for September in the three areas of Stuart that we watch.  An increase in inventory along with a decrease in sales.  This is the off-season for condos so this is hopefully just the season and not a bad trend beginning.  

The increase in inventory may also be attributable to some sellers trying to time the market as well as a reaction from recent relatively good sales for the past spring and summer seasons.  Most efforts to time the market, especially when made in relatively large numbers become self-defeating as in this trying market, this increase in inventory may just drive the market a bit lower.

However, for buyers, especially for those who can obtain financing, there hasn’t been a more attractive real estate market in decades.  There are some savvy buyers getting excellent deals for homes at prices equivalent to 10 or 11 years ago.

This will be an interesting season to watch!

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

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

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2011

Stuart Florida Market Report ZIP Code 34996 – Condo, September 2011

10.25.11 by

Stuart Florida Market Report ZIP Code 34996 – Condo, September 2011

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for September 2011

For September 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 188 active condo listings (down 4 from last month).

27 Condo sales are pending and awaiting close or lender approval (A decrease of 2 from August).

18 Condos Sold in September (An increase of 6 condos from August)

The Stuart condo market for the area in ZIP code 34996 showed a continued decrease in inventory which is a positive sign.  A fairly strong increase of 6 sales as well as a small increase in pending sales. Sales were mixed both in the higher as well as lower price ranges.  Many buyers feel the bottom of the market is close or possibly already past and are taking advantage of some very good values.

With the height of the season to come, it will be interesting to see what happens!

Search here for Stuart Florida Real Estate for Sale ( Condos)

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

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

Stuart Florida Market Report ZIP Code 34996 – Condo, September 2011

Stuart Florida Market Report ZIP Code 34994 – Condo, September 2011

10.24.11 by

Stuart Florida Market Report ZIP Code 34994 – Condo, September 2011

Stuart Real Estate Snapshot for ZIP Code 3499, Condo Sales for September 2011

For September 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 132 active condo listings (Down 4 from August).

45 Condo sales are pending and awaiting close or lender approval. (Up 2 from last month)

18 Condos Sold in September (Up 2 units from August).

The Stuart condo market for the area in ZIP code 34994 showed a surprisingly strong September 2011 market activity.  All indexes moved in the right direction with lower inventory, higher pendings and sales.  This, even though, typically September is one of the slower months for condo sales in our area.

Sales were mixed both in the higher as well as lower price ranges.  Many buyers feel the bottom of the market is close or possibly already past and are taking advantage of some very good values.

With the height of the season to come, it will be interesting to see what happens!

Search here for Stuart Florida Real Estate for Sale ( Condos)

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

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

Stuart Florida Market Report ZIP Code 34994 – Condo, September 2011

Hobe Sound Florida Market Report ZIP Code 33455, Residential, September 2011

10.22.11 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, September 2011

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for September 2011

For September 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 348 active listings. ( Up 6 from August)

48 Residential sales are pending and awaiting close or lender approval (Down 6 from August)

21 Homes Sold in September (An decrease of 9 homes from last month)

The Hobe Sound real estate market (ZIP Code 33455) had a disappointing September.  All indexes reversed course and moved in the wrong direction, though not by significant numbers.  Inventory was up, and both pending and closed sales were down.

This increase in inventory may also be attributable to many sellers trying to time the market as well as a reaction from recent relatively good sales for the past spring and summer seasons.  Most efforts to time the market, especially when made in relatively large numbers become self-defeating as in this trying market, this increase in inventory may just drive the market a bit lower.

However, for buyers, especially those who can obtain financing, there hasn’t been a more attractive real estate market in decades.  There are some savvy buyers getting excellent deals for homes at prices equivalent to 10 or 11 years ago.

This will be an interesting season to watch!

Search here for Hobe Sound Florida Real Estate for Sale

Hobe Sound, FL Real Estate

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Residential Properties

Vacant Land Properties

Condominium Properties

Commercial Properties

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

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, September 2011

Jensen Beach Florida Market Report ZIP Code 34957

10.20.11 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, September 2011

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for September 2011

For September 2011 in the 34957 Zip Code area of Jensen Beach, Florida :
There are currently 153 active listings. (A decrease of 3 from last month)

80 Residential sales are pending and awaiting close or lender approval. (An increase of 5 homes from August)

19 Homes Sold (Up 1 from August)

The Jensen Beach real estate market (ZIP Code 34957) is bucking the trend from the rest of Martin County.  While other sections of Stuart and Palm City showed increasing inventories, decreases in pending sales as well as completed sales, Jensen Beach showed gains across the board. This is a very strong result as often during the early fall we see a decrease in sales and contracts while many homeowners in a misguided attempt to time the market put their homes on the market in an attempt to capture the seasonal shopper. We hope to see a strong winter for the Jensen Beach real estate market.

Search here for Jensen Beach Real Estate for Sale

Jensen Beach Florida Real Estate presented by:
the Gabe Sanders real estate team

For more information, visit our website or call us at (772) 888-2885.
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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, September 2011

Palm City Florida Market Report ZIP Code 34990 – Residential, September 2011

10.19.11 by

Palm City Florida Market Report ZIP Code 34990 – Residential, September 2011

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for September 2011

For September 2011 in the 34990 Zip Code area of Palm City Florida :

There are currently 482 active listings (An increase of 16 homes from August)

124 Residential sales are pending and awaiting close or lender approval. (Down 15 from last month)

49 Homes Sold in September (An increase of 7 homes from August)

The good news for the Palm City (ZIP Code 34990) real estate market report is that sales were up from the previous month.  Unfortunately, we also had an increase in inventory and a decrease in pending sales.  Whether this is a seasonal effect or a future trend remains to be determined.

This increase in inventory may also be attributable to many sellers trying to time the market as well as a reaction from recent relatively good sales for the past spring and summer season.  Most efforts to time the market, especially when made in relatively large numbers become self-defeating as in this trying market, this increase in inventory may just drive the market a bit lower.

However, for buyers, especially those who can obtain financing, there hasn’t been a more attractive real estate market in decades.  There are some savvy buyers getting excellent deals for homes at prices equivalent to 10 or 11 years ago.

This will be an interesting season to watch!

Search here for Palm City Florida Real Estate for Sale

Palm City, FL Real Estate

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Residential Properties

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Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Palm City Florida Market Report ZIP Code 34990 – Residential, September 2011

Martin County Florida Condo Market Report for September 2011

10.19.11 by

Martin County Florida Condo Market Report for September 2011

Commentary:

The Martin County Florida condo market report for September 2011 shows generally negative results from last month as well as last year.  About the only good news was a slightly higher median sales price from September 2010.  Unfortunately, we’ve seen the inventory climb (although by relatively modest numbers).  It’s too early to tell if this is a new trend or just a seasonal fluctuation which often happens as sellers try to take advantage of a more active winter season in Martin County.

With the increased inventory and the reduced sales, our current one-month absorption rate is now over 15 months, swinging back into a pretty strong buyers market.  This will result in more downward pressure on sales prices and I don’t expect any improvement any time in the near future for those wishing to sell their home.

The big uncertainty remains, which is the economy.  We believe that if we have any sustained good news, we will see a pretty good rush on the market which will be a nice change from the present.  For the longer term, even though we have the best mortgage rates in history at the moment, inflation is making news and this is not good for rates down the line.  The Fed. is working hard to keep rates down, but for how long, we’re just not too sure.

Our outlook for Martin County is fairly positive as for buyers, prices and rates remain very attractive.  For sellers, it doesn’t look like we’re going to see any significant improvements soon, so if you need to sell, you may be better off now than possibly in the near future.

Condo Market Report for September 2011 in Martin County, Florida

the Gabe Sanders real estate team

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

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Stuart Florida Market Report ZIP Code 34994 – Residential, September 2011

10.18.11 by

Stuart Florida Market Report ZIP Code 34994 – Residential, September 2011

Stuart Real Estate Snapshot for ZIP Code 3499, Residential Sales for September 2011

For September 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 71 active listings (Down 13 from August).

36 Residential sales are pending and awaiting close or lender approval (Up 9 from  August).

7 Homes Sold in September (Up 2 from August)

The 34994 ZIP code area of Stuart is bucking the trend from the rest of Martin County.  While other sections of Stuart showed increasing inventories, decreases in pending sales as well as completed sales, this area of Stuart showed gains across the board. Only one sale was in the medium price range of $400,000’s while the others were under $150,000.  However, some fairly high-priced pending sales awaiting close that we can hopefully report on next month.  The average list-to-sales ratio is a little weak compared to past values at 90% ( or in other words the average sales price is 90% of the listing price). The average days on market also remain a bit high at 217 days.

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Stuart Florida Market Report ZIP Code 34994 – Residential, September 2011

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