Stuart FL 34997 Condo Market Report July 2018

Stuart FL 34997 Condo Market Report July 2018

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2018

For July 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 44 active condo listings (Down by 6 condos from June).

Stuart FL 34997 Condo Market Report July 2018

21 Condo sales are pending and awaiting close (Down by 5 condos from June).

Stuart FL 34997 Condo Market Report July 2018

17 Condos Sold in July (Decreased by 1 condos from June).

Stuart FL 34997 Condo Market Report July 2018

      The Stuart FL condo market for zip code 34997 is still a very strong market, but the inventory of available condos has now shrunk to unprecedented low levels.

     The absorption rate inched down to 2.6 months in July compared to 2.8 months for June.  Remaining as a strong 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 July 2017 numbers were: 61 active listings, 32 pending sales, and 25 closed sales.  Considerably better activity last year.

Stuart FL 34997 Condo Market Report July 2018

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Stuart FL 34997 Condo Market Report July 2018

 

 

Stuart FL 34996 Condo Market Report July 2018

Stuart FL 34996 Condo Market Report July 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for July 2018

For July 2018 in the 34996 Zip Code area of Stuart, Florida :

There are currently 106 active condo listings (Unchanged from last month).

Stuart FL 34996 Condo Market Report July 2018

25 Condo sales are pending and awaiting close or lender approval (Down by 13 condos from June).

Stuart FL 34996 Condo Market Report July 2018

26 Condos Sold in July (Down by 3 condos from June) 

Stuart FL 34996 Condo Market Report July 2018

The Stuart FL 34996 Condo Market of Stuart remains a very active market.  Sales and pending sales were off from last month and no help with any increase in inventory.  Hopefully, this is just a seasonal slow down which is typical for condos in our area.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 4.1 months from June’s 3.7 months.  Still in a strong sellers’ market for this segment of Martin County condos.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for July 2017 were: 122 active listings, 43 pending sales, and 21 closed sales.  Better closed activity this year but much greater pending activity last year.

Stuart FL 34996 Condo Market Report July 2018

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Stuart FL 34996 Condo Market Report July 2018

Stuart FL 34994 Condo Market Report July 2018

Stuart FL 34994 Condo Market Report July 2018 

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

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

There are currently 84 active condo listings (Up by 1 condos from June).

Stuart FL 34994 Condo Market Report July 2018

57 Condo sales are pending and awaiting close or lender approval. (Increased by 2 condos from last month) 

Stuart FL 34994 Condo Market Report July 2018

16 Condos Sold in July (Decreased by 9 condos from June).

Stuart FL 34994 Condo Market Report July 2018

The Stuart FL 34994 Condo market weakened slightly from last month but still is an active market.  Close sales were down but we have a good supply of pending sales.

The absorption rate for July rose to 5.3 months compared to last month’s 3.3.  Remaining in a seller’s market for this condo segment of Stuart’s 34994 zip code area but drifting towards a balanced one.  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 July the numbers were 77 active listings, 41 pending sales, and 30 closed sales.  Better pending activity this year while closed sales were cosiderably less than last year.

Stuart FL 34994 Condo Market Report July 2018

Are you interested in the value of your Stuart FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

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Stuart FL 34994 Condo Market Report July 2018 

 

VilaBella Town-Home Condos in Stuart FL August 2018 Market Report

VilaBella Town-Home Condos in Stuart FL August 2018 Market Report


For August of 2018, there are no townhomes for sale in VilaBella.

There are also no pending sales currently in Vilabella

In the past 12 months, 8 townhomes have sold with sales prices ranging from $150,000 up to $201,000 with an average sales price of $173,350 which equals $132.85 per sq. ft. of living area.  These sales averaged 31 days on market before going under contract and sold at 96% of list price.

 

About Vilabella in Stuart FL:

VilaBella Central Parkway Condos in Stuart, Florida

Entrance to VilaBella Town-Home Condos

 Officially known as Vilabella Central Park Condos in Stuart FL this community is made up of 112 attached townhome style condos that were built in 2006.  These homes range in size from 3 Bedroom, 3 Bath (two level) units with 1,607 sq. ft. of living area down to 2 Bedroom, 2 Bath townhomes with 1,072 sq. ft. of living area.  All Vilabella townhomes come with a single car garage.  There is also a community pool for the residents’ enjoyment.

VilaBella Town Home Condos in Stuart, FloridaVilabella townhomes is very conveniently located off SE Central Parkway with easy access to Kanner Highway as well as US-1.  Very easy access to shopping, restaurants and downtown Stuart.  Also, an excellent location for those wishing to access I-95 and commute to points both North and South.

VilaBella Town Home Condos in Stuart, Florida2 large pets are permitted.  The HOA fees are $216 a month (as of July 2018).  Since these units are deeded as condos, these fees cover insurance and exterior maintenance as well as common area fees, management, cable TV, pest control, recreational facilities, etc.

Search here for Vilabella Townhomes for Sale

VilaBella Town-Home Condos in Stuart FL August 2018 Market Report

 

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the Gabe Sanders real estate team

Florida Townhouses and Condos June 2018 Market Report

Florida Townhouses and Condos June 2018 Market Report

The Florida Townhouses and Condos June 2018 Market Report remained a strong market with slightly better activity when compared to last year.  Closed sales were up by 1.2% as compared to last month’s increase of 4.1% and new sales under contract (new pending sales) increased by 0.0% (In May there was a 2.2% increase).

Prices, also, continued to risesignificantly for June.  Median sales prices were up by 7.5% (was up by 6.0% in May), while the average sales price increased by 9.6% (was up 7.9% in May).

The inventory of active listings decreased by 2.8% from June of last year.  For June 2018 we have 5.5 months of inventory (was 5.7 months in May) and compared to 5.8 months for June 2017.  We remain in a seller’s market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos June 2018 Market Report

Click on the link below or the graphic to see the full market Report report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos June 2018 Market Report

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 June 2018 Market Report