Real Estate in and around Stuart Florida
Click the image below to view the full details of the Martin County single family homes market report data as reported by Martin County Realtor for the 2’nd quarter of 2016.
View the entire set of data at GabeSanders.com
The St Lucie County Townhouses and Condos market showed slightly stronger sales activity when compared to last year. Even as we face headwinds with economic uncertainties and higher mortgage rates. Closed sales were up by 7.1% from last year (were up by 35.8% in February). New pending sales were down by 13.8% (they were up by 26.6% last month).
Prices were up for March. The median price increased by 6.7% from last year (was down by 3.4% in February) and the average sales price increased by 11.1% (was up by 20.0% in February).
The available townhouses and condos inventory increased by 29 units from last month to 671 residences. This is a 69.0% greater inventory than we had in March 2023. The current inventory supply is 7.6 months, as compared to 4.5 months of inventory last year. The St Lucie County townhouses and condos real estate market has now entered a seller’s market. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.
Please click on the image or link below to download the full Florida single-family real estate market report.
View previous St. Lucie County market reports here.
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
The March 2024 St Lucie County Single Family real estate market showed weaker sales activity when compared to last year. We continue to face headwinds with economic uncertainties and high mortgage rates. Closed sales were down by 11.9% for the month compared to the previous year (in February they were up by 1.4%). New sales under contract (new pending sales) decreased by 8.5% (they were down by 3.6% last month).
Prices were higher for March when compared to last year. The median sales price was up by 4.0% (was up by 5.4% in February). The average sales price was up by 6.1% (it was up by 11.1% in February).
The number of available homes for sale increased by 5 homes to 1,954 units. This inventory is 36.7% greater than last year. The current supply of homes is 4.2 months (it was 2.8 months last year). The St. Lucie County single-family home market remains a sellers’ market, though trending towards a balanced one. A balanced market is one with a 6 to 7-month supply of inventory.
Please click on the image or link below to download the full Florida single-family real estate market report.
View previous St. Lucie County market reports here.
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
The Martin County Townhouses and Condos real estate market showed weaker sales activity when compared to last year. We continue to encounter headwinds of economic uncertainties and high mortgage rates. Closed sales for the month were down by 3.5%. They were up by 2.4% in February. New sales under contract (new pending sales) were down 17.9% from last year. They were unchanged in February.
Prices were up for March. The median sales price increased by 18.0% (was down by 6.8% last month). And, the average sales price increased by 18.5% (was down by 0.5% in February).
The available townhouses and condos inventory decreased by 28 units to 520 properties. This is a 79.9% greater supply of inventory than we had in March 2023. Currently, there’s a 6.0 months supply of inventory (compared to 3.3 months for March 2023). We’ve re-entered a balanced market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.
Please click on the image or link below to download the full Florida single-family real estate market report.
Search for previous Martin County townhouses and condos market reports
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
Florida Townhouses and Condos real estate market report had weaker sales activity when compared to last year. The inventory numbers continue to grow, but we face headwinds with economic uncertainties and stubbornly high mortgage rates. I still expect the market to improve with a gradual return to a historically normal real estate market. Closed sales were down by 16.6% compared to last month’s decrease of 2.5%. New sales under contract (new pending sales) decreased by 12.6% (In February, there was a 4.8% decrease).
Prices were up for March compared to last year. The median sales price was up by 3.1% for March (was up by 3.2% in February). And the average sales price increased by 1.5% (was up by 3.4% in February).
The inventory of active listings increased by 77.9% from March last year. This results in a 6.6-month supply of inventory as compared to 3.4-month for March 2023. We have entered into a balanced market for Florida townhouse and condo sales after a long period of a seller’s market. A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.
Please click on the image or link below to download the full Florida single-family real estate market report.
View previous Florida townhouses and condo market reports by clicking this link.
To view the latest reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
The Florida Single Family Home real estate market had weaker sales activity when compared to last year. We continue to face headwinds with many economic uncertainties and high mortgage rates. Closed sales were down by 10.4% (were up by 2.2% in February). New sales under contract (new pending sales) were down by 3.0% (were down by 0.3% in February).
Prices increased for March when compared to last year. The (year-to-year) median sales price was up by 3.9% (it was up by 5.1% in February). And, the average sales price was up by 10.1% (it was up by 5.7% last month).
The inventory of available homes for sale increased by 40.5% from last year. This represents a 4.1-month supply of inventory (March 2023 had a 2.7-month supply). Florida remains in a seller’s market with the advantage to sellers. A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.
Please click on the image or link below to download the full Florida single-family real estate market report.
Previous Florida real estate market report posts.
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
The Estuary of Stuart FL contains both homes and condos. Here is the April 2024 real estate market report for this gated community:
There are no homes currently available for sale in the Estuary.
There are also no Estuary homes currently under contract.
In the past 12 months, 4 Estuary homes have sold. Sales prices ranged from $515,000 up to $1,120,000. This equals an average sales price of $677,000 which works out to $324.69 per sq. ft. of living area. These homes sold for an average of 96% of the list price. And, went under contract in an average of 69 days.
There is 1 condo currently for sale in the Estuary. The list price is $277,900 which is $269.81 per sq. ft. of living area.
There are 2 Estuary condos currently under contract. The list prices were $249,999 and $269,900. This works out to an average list price of $259,950 or $259,950 per sq. ft. of living space. These condos were on the market for an average of 20 days before going under contract.
In the past 12 months, 6 Estuary condos have sold. Sales prices ranged from $245,000 up to $495,000. This equals an average sales price of $307,250 which works out to $267.88 per sq. ft. of living area. These condos averaged 51 days on the market before going under contract. And, sold for an average of 93% of the list price.
Click here to view the previous Estuary market report!
The Estuary of Stuart Florida, located in North Stuart, Florida, and often mistaken for being a part of Jensen Beach Florida is a gated community with a variety of homes ranging from condos to 1980s vintage homes, to newer villas as well as waterfront homes with deep water docks.
The Estuary of Stuart Florida is very conveniently located on the banks of the North Fork of the Saint Lucie River, just minutes from the Treasure Coast Mall and the shopping and dining areas of the US-1 corridor in Jensen Beach.
Different sections of the Estuary include well-appointed 2 and 3-bedroom condos with pool and lake views. A select number of condos have mile-wide river views of the Saint Lucie River. An inland section of varying styles, sizes, and shapes of homes built from the early 1980s and also called River Shores Plantation.
In 2002, a section of the Estuary was added with villas and smaller single-family homes on Tillia Trail with their own community pool. Larger single-family homes were also added at this time along Estuary Court, Plumbago Trail, and the western section of NW 21st Terrace. This section also boasts a community dock suitable for good-sized vessels with ocean access just a few minutes away at the Saint Lucie Inlet. Homes on Plumbago Trail also enjoy spectacular wide water views. The Estuary is truly a wonderful place to call home.
Search here for the Estuary of Stuart Homes and Condos
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.
The St Lucie County Townhouses and Condos market showed stronger sales activity when compared to last year. Even as we face headwinds with economic uncertainties, at least mortgage rates may have peaked and begun to decrease. Closed sales were up by 35.8% from last year (were down by 7.1% in January). New pending sales were up by 26.6% (they were down by 6.2% last month).
Prices were mixed for February. The median price decreased by 3.4% from last year (was up by 8.0% in January) and the average sales price increased by 20.0% (was up by 21.8% in January).
The available townhouses and condos inventory increased by 8 units from last month to 642 residences. This is a 60.9% greater inventory than we had in February 2023. The current inventory supply is 7.3 months, as compared to 4.5 months of inventory last year. The St Lucie County townhouses and condos real estate market is in its third month of a balanced market, and now approaching a seller’s market. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.
Please click on the image or link below to download the full Florida single-family real estate market report.
View previous St. Lucie County market reports here.
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
The February 2024 St Lucie County Single Family real estate market showed slightly improved sales activity when compared to last year. we continue to face headwinds with economic uncertainties, though mortgage rates appear to have peaked and have started to decrease. Closed sales were up by 1.4% for the month compared to last year (in January they were down by 20.7%). New sales under contract (new pending sales) decreased by 3.6% (they were down by 14.7% last month).
Prices were higher for February when compared to last year. The median sales price was up by 5.4% (was up by 5.9% in January). The average sales price was up by 11.1% (it was up by 9.4% in January).
The number of available homes for sale increased by 56 homes to 1,949 units. This inventory is 21.9% greater than last year. The current supply of homes is 4.2 months (it was 3.0 months last year). The St. Lucie County single-family home market remains a sellers’ market, though trending towards a balanced one. A balanced market is one with a 6 to 7 months supply of inventory.
Please click on the image or link below to download the full Florida single-family real estate market report.
View previous St. Lucie County market reports here.
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
The Martin County Townhouses and Condos real estate market showed improved sales activity when compared to last year. We continue to encounter headwinds of economic uncertainties, though mortgage rates have appeared to peak and started to decline. Closed sales for the month were up by 2.4%. They were up by 22.0% in January. New sales under contract (new pending sales) were unchanged from last year. They were down by 12.2% in January.
Prices were down for February. The median sales price decreased by 6.8% (was down by 11.1% last month). And, the average sales price decreased by 0.5% (was down by 11.0% in January).
The available townhouses and condos inventory increased by 40 units to 548 properties. This is a 77.9% greater supply of inventory than we had in February 2023. Currently, there’s a 6.3 months supply of inventory (compared to 3.6 months for February 2023). We’ve re-entered a balanced market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.
Please click on the image or link below to download the full Florida single-family real estate market report.
Search for previous Martin County townhouses and condos market reports
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
For March 2024 there are 3 homes available for sale in Martins Crossing in Stuart FL. The list prices range from $455,000 up to $650,000. This is an average list price of $533,333 which equals $252.50 per sq. ft. of living area.
There are 5 Martins Crossing homes currently under contract. The list prices ranged from $490,000 to $649,000. This equals an average list price of $548,778 which is $256.30 per sq. ft. of living area. These homes went under contract in an average of 32 days.
In the past twelve months, 26 Martins Crossing homes have sold. Sales prices ranged from a low of $287,500 to a high of $625,000. This equals an average sales price of $428,827 which works out to $228.06 per sq. ft. of living area. These homes sold at an average of 99% of the last list price. And, they went under contract in an average of 21 days.
Click here to view the previous Martins Crossing market report!
Located in the intimate, yet vibrant, City of Stuart near a variety of fine restaurants, cultural outlets, and shopping. Martins Crossing boasts 596 residences with a stunning variety of single-family homes and a section of private townhomes. This family-friendly community was completed around 2006 with mostly newer homes.
Martins Crossing community amenities include lush landscaping and private preserve views, The Martins Crossing Clubhouse has a sparkling resort-style pool, an oversized deck, tennis courts, and a playful tot lot all nearby.
Martins Crossing is conveniently located by Kanner Hwy. and Pomeroy Street for easy access to Historic Downtown Stuart, the beaches, and waterways of Martin County, restaurants, shopping, and quick access to I-95. All this in a wonderful ‘A-rated school system.
Search for Martins Crossing Homes for Sale
Recent market reports:
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.
There are currently 10 homes for sale in the Meadows in Palm City FL. The list prices range from $328,000 up to $549,000. This is an average list price of $427,490 which equals $275.67 per sq. ft. of living area.
There are 12 Meadows homes currently under contract. These homes had list prices ranging from $289,900 up to $599,900. This is an average list price of $441,975 which is $273.87 per sq. ft. of living space. These homes averaged 41 days on the market before going under contract.
In the past 12 months, there have been 51 Meadows home sales. Sales prices ranged from a low of $274,900 up to $610,000. This is an average sales price of $404,052 or $262.90 per sq. ft. of living area. These homes went under contract in an average of 55 days. And, they sold for an average of 97% of their final list price.
Click here to view previous Meadows market reports.
The Meadows at Martin Downs is a family-friendly gated residential community very well situated in Palm City, Florida. There are 832 homes consisting of single-family homes, duplexes, 4-unit townhouses, and 4-unit patio homes. The Meadows community is divided into 6 distinct villages which are named: Greenwich, Lakemont, Mayflower, Brighton, Foxboro, and Ridgewood.
The Meadows is a guard-gated community with round-the-clock security. Residents of the meadows enjoy a large heated swimming pool, a tot pool, a children’s playground adjacent to the pool, basketball, 3 lighted tennis courts, a horseshoe pit, and 2 bocce courts. Near the entrance of the Meadows, between the gatehouse and the fountain, is a 2200-square-foot recreation center, known as The Meadows House, which also houses the administrative offices of The Meadows Homeowners Association.
The Meadows came into existence through the efforts of local developer Peter Cumming who submitted the plans for the community around 1988. Shortly thereafter, Burg and DiVosta (soon to be just DiVosta) began developing the land in the area called Martin Downs for the soon-to-be-constructed villages of The Meadows.
Divosta started construction on the site known as The Meadows in 1988 by building two structures from which to sell. One was a single-family home (Hampton) in what is now known as Greenwich Village, and the other was a four-unit Town-Home building (Stamford) in what is now known as Lakemont Village. Both types of homes were started in The Meadows at about the same time in 1988. DiVosta completed the Meadows in 1993 and turned the administration and running of the community to The Meadows Homeowners Association which runs the community through elected officers as well as full-time support staff.
HOA fees in the meadows vary by the type of home, so please look at the listing details view when checking available Meadows homes for sale. The Meadows is not age-restricted and currently allows up to 2 large pets. Rentals are also allowed with some restrictions.
Children currently attend the Bessey Creek Elementary School, the Hidden Oaks Middle School; and the Martin County High School.
Search for the Meadows Homes for Sale
Recent market reports:
For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com
Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.
Florida Townhouses and Condos real estate market report had weaker sales activity when compared to last year. The inventory numbers continue to grow, but we are facing headwinds with economic uncertainties, though mortgage rates appear to have peaked and starting to decrease. I expect the market to improve and a gradual return to a historically normal real estate market. Closed sales were down by 2.5% compared to last month’s decrease of 1.2%. New sales under contract (new pending sales) decreased by 4.8% (In January, there was a 8.5% decrease).
Prices were up for February compared to last year. The median sales price was up by 3.2% for February (was also up by 3.2% in January). And the average sales price increased by 3.4% (was up by 3.0% in January).
The inventory of active listings increased by 73.3% from February last year. This results in a 6.3 months supply of inventory as compared to 3.2 months for February 2023. We have entered into a balanced market for Florida townhouse and condo sales after a really long period of a seller’s market. A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 months supply of inventory.
Please click on the image or link below to download the full Florida single-family real estate market report.
View previous Florida townhouses and condo market reports by clicking this link.
To view the latest reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
The Florida Single Family Home real estate market had slightly better sales activity when compared to last year. Though we continue to face headwinds with some economic uncertainties, it does appear that mortgage rates may have started to decrease and I expect to see a gradual return to a historically normal real estate market. Closed sales were up by 2.2% (were up by 0.6% in January). New sales under contract (new pending sales) were down by 0.3% (were down by 2.9% in January).
Prices increased for February when compared to last year. The (year-to-year) median sales price was up by 5.1% (it was up by 3.8% in January). And, the average sales price was up by 5.7% (it was up by 9.7% last month).
The inventory of available homes for sale increased by 36.5% from last year. This represents a 3.9 months supply of inventory (February 2023 had a 2.7 months supply). Florida remains in a seller’s market with the advantage to sellers. A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.
Please click on the image or link below to download the full Florida single-family real estate market report.
Previous Florida real estate market report posts.
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
For March 2024, there are 7 homes for sale in Emerald Lakes in Stuart FL. The list prices range from $289,990 and $509,000. This equals an average list price of $374,641 which is $237.94 per sq. ft. of living area.
There are 5 Emerald Lakes homes currently under contract. List prices ranged from $289,999 up to $419,900. This is an average list price of $358,920 which is $255.53 per sq. ft. of living area. These homes and townhomes averaged 89 days on the market before going under contract.
In the past 12 months, there have been 30 Emerald Lakes sales. Sales prices ranged from $250,000 up to $435,936. This works out to an average sales price of $334,925 or $236.80 per sq. ft. of living space. These sales averaged 98% of the list price. And, these homes were on the market for an average of 27 days before going under contract.
Click here to view previous Emerald Lakes market reports.
The community of Emerald Lakes lies in the Port Salerno area of Stuart, Florida, and consists of 400 2 and 3-bedroom townhomes and 130 single-family villas. The townhomes and villas are governed by two separate homeowners associations yet share many of the same amenities.
Spread over 100 acres of beautiful Florida landscape, with 3 ‘Emerald Lakes’, miles of walking paths, 7 tennis courts, 3 heated pools, and two clubhouses. Very conveniently located within walking distance of a Publix Grocery store, Beall’s, Walgreens, Banks, Gold’s Gym, etc.
Just a few miles away are numerous Golf Courses, Martin County’s famous waterways, marinas, and beaches, and also within minutes of I-95 for easy access to locations both north and south. Fort Lauderdale is only slightly over an hour to the south and Disney World is just over 2 hours to the north. It’s a perfect location!
Residents of Emerald Lakes enjoy the good life with low HOA fees and excellent management staff for both Home Owners’ Associations.
Currently Available Homes and Town Homes in Emerald Lakes
For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com
Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.
The St Lucie County Townhouses and Condos market showed weaker sales activity when compared to last year. We continue to face headwinds with economic uncertainties, though at least mortgage rates may have peaked and have begun to decrease. Closed sales were down by 7.1% from last year (were down by 3.1% in December). New pending sales were down by 6.2% (they were down by 42.9% last month).
Prices were up for January. The median price increased by 8.0% from last year (was up by 6.7% in December) and the average sales price increased by 21.8% (was up by 10.3% % in December).
The available townhouses and condos inventory increased by 78 units from last month to 634 residences. This is a 74.2% greater inventory than we had in January 2023. The current inventory supply is 7.4 months, as compared to 3.9 months of inventory last year. The St Lucie County townhouses and condos real estate market is in its second month of a balanced market, and now approaching a seller’s market. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.
Please click on the image or link below to download the full Florida single-family real estate market report.
View previous St. Lucie County market reports here.
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
The January 2024 St Lucie County Single Family real estate market showed weaker sales activity when compared to last year. we continue to face headwinds with economic uncertainties, though mortgage rates appear to have peaked and have started to decrease. Closed sales were down by 20.7% for the month compared to last year (in December they were down by 9.6%). New sales under contract (new pending sales) decreased by 14.7% (they were down by 24.8% last month).
Prices were higher for January when compared to last year. The median sales price was up by 5.9% (was up by 2.1% in December). The average sales price was up by 9.4% (it was up by 6.1% in December).
The number of available homes for sale increased by 174 homes to 1,893 units. This inventory is 10.4% greater than last year. The current supply of homes is 4.1 months (it was 3.2 months last year). The St. Lucie County single-family home market remains a sellers’ market, though trending towards a balanced one. A balanced market is one with a 6 to 7 month supply of inventory.
Please click on the image or link below to download the full Florida single-family real estate market report.
View previous St. Lucie County market reports here.
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
The Martin County Townhouses and Condos real estate market showed improved sales activity when compared to last year. We continue to encounter headwinds of economic uncertainties, though mortgage rates have appeared to peak and started to decline. Closed sales for the month were up by 22.0%. They were up by 17.4% in December. New sales under contract (new pending sales) were down by 12.2% from last year. They were up by 7.4% in December.
Prices were down for January. The median sales price decreased by 11.1% (was up by 6.7% last month). And, the average sales price decreased by 11.0% (was up by 19.8% in December).
The available townhouses and condos inventory increased by 59 units to 508 properties. This is a 69.3% greater supply of inventory than we had in January 2023. Currently, there’s a 5.9 month supply of inventory (compared to 3.4 months for January 2023). We remain in a seller’s market for townhouses and condos in Martin County, though just about to enter a balanced market. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.
Please click on the image or link below to download the full Florida single-family real estate market report.
Search for previous Martin County townhouses and condos market reports
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
As of February 2024, there are 24 active properties for sale in Heritage Ridge in Hobe Sound, FL. List prices range from $239,000 up to $649,000. This is an average list price of $329,123 which equals $231.08 per sq. ft. of living area.
There are 12 Heritage Ridge homes currently under contract. These homes were on the market with list prices from $185,000 up to $775,000. This works out to an average list price of $373,941 or $231.48 per sq. ft. of living area. These properties averaged 55 days on the market before going under contract.
In the past 12 months, there have been 86 Heritage Ridge sales. Sales prices ranged from $80,000 up to $707,000. This equals an average sales price of $299,246 which works out to $213.08 per sq. ft. of living area. These homes were on the market for an average of 49 days before going under contract. And, they sold for an average of 97% of the list price.
Click here to view the previous Heritage Ridge market report!
The Heritage Ridge community of Hobe Sound encompasses several associations and styles of homes. From mobile and manufactured homes to villas, townhouses, condos, and single-family homes. The different sections of Heritage Ridge are all anchored by the Heritage Ridge Golf Club. This is a non-equity course that is open to the public.
The various areas of Heritage Ridge are all controlled by their individual homeowners’ associations and many also pay a fee to the master Heritage Ridge Association. This wonderful community is located in northern Hobe Sound with quick access to either the beach at Jupiter Island (in Hobe Sound) or to the downtown area of Stuart as well as the amenities in both the Martin County and Jupiter areas of the Treasure Coast.
Some of the sections of Heritage Ridge include Amherst, Brandywine, Bunker Hill, Cambridge, Franklin Wood, Georgetown, Jamestown, Jefferson Corners, Tory Pines, Williamsburg, and Yorktown.
HOA fees vary widely in Heritage Ridge depending on the type of home and subdivision within this community. The HOA fees run from $78.00 a month in the mobile home and single-family home sections up to $350.00 a month for the condo areas and in between for some of the other communities.
Click here to search for available homes in Heritage Ridge
Click here to search for available condos in Heritage Ridge
For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com
Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.
Florida Townhouses and Condos real estate market report had weaker sales activity when compared to last year. The inventory numbers continue to grow, but we are facing headwinds with economic uncertainties, though mortgage rates appear to have peaked and starting to decrease. I expect the market to improve and a gradual return to a historically normal real estate market. Closed sales were down by 1.2% compared to last month’s decrease of 6.2%. New sales under contract (new pending sales) decreased by 8.5% (In December, there was a 5.5% decrease).
Prices were up for January compared to last year. The median sales price was up by 3.2% for January (was up by 6.5% in December). And the average sales price increased by 3.0% (was up by 10.4% in December).
The inventory of active listings increased by 62.9% from January last year. This results in a 5.8 months supply of inventory as compared to 3.1 months for January 2023. We remain in a sellers’ market for Florida townhouse and condo sales. A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 months supply of inventory.
Please click on the image or link below to download the full Florida single-family real estate market report.
View previous Florida townhouses and condo market reports by clicking this link.
To view the latest reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.