Stuart FL 34997 Condo Market Report September 2018

10.23.18 by Gabe Sanders

Stuart FL 34997 Condo Market Report September 2018

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

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

There are currently 42 active condo listings (Up by 6 condos from August).

16 Condo sales are pending and awaiting close (Down by 9 condos from August).

Stuart FL 34997 Condo Market Report September 2018

16 Condos Sold in September (Increased by 4 condos from August).

Stuart FL 34997 Condo Market Report September 2018

The Stuart FL condo market for zip code 34997 remains very active even with such historically low inventory levels. Pending sales were down while closed sales were up for September.

The absorption rate returned to 2.6 months in September compared to 3.0 months for August. 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 September 2017 numbers were: 49 active listings, 18 pending sales, and 13 closed sales. Pretty similar market activity as last year.

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Stuart FL 34997 Condo Market Report September 2018

Stuart FL 34996 Condo Market Report September 2018

10.19.18 by Gabe Sanders

Stuart FL 34996 Condo Market Report September 2018

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

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

There are currently 100 active condo listings (Down by 2 condos from last month).

30 Condo sales are pending and awaiting close or lender approval (Down by 7 condos from August).

22 Condos Sold in September (Up by 6 condos from August)

The Stuart FL 34996 Condo Market of Stuart rebounded from a slow August. Closed sales were up. Unfortunately, pending sales were off.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 4.5 months from August’s 6.4 months. Back, once again, into a seller’s 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 September 2017 were: 112 active listings, 33 pending sales, and 21 closed sales. Quiesimilar activity when compared to last year.

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Stuart FL 34996 Condo Market Report September 2018

Stuart FL 34994 Condo Market Report September 2018

10.17.18 by Gabe Sanders

Stuart FL 34994 Condo Market Report September 2018

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

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

There are currently 76 active condo listings (Down by 1 condos from August).

47 Condo sales are pending and awaiting close or lender approval. (Decreased by 13 condos from last month)

20 Condos Sold in September (Up by 4 condos from August).

The Stuart FL 34994 Condo market remains as a very active market. pending sales were down from last month and closed sales were up.

The absorption rate for September dropped to 3.8 months compared to last month’s 4.8. Remaining in a strong 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 September the numbers were 73 active listings, 22 pending sales, and 14 closed sales. Much better activity for this month when compared to last year.

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Stuart, FL Real Estate

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Stuart FL 34994 Condo Market Report September 2018

Pierpoint Yacht Club October 2018 Market Report

10.11.18 by Gabe Sanders

Pierpoint Yacht Club October 2018 Market Report

There are no active listings in Pierpoint for October 2018.

There are also no condos currently under contract.

In the past 12 months, 13 condos have sold in Pierpoint. Sale prices ranged from $79,900 up to $265,000 for an average sales price of $152,831 which equals $123.36 per sq. ft. of living space. These condos were under contract in an average of 80 days and sold at an average of 95% of the list price.

About the Pierpoint Condos in Stuart FL:

This friendly, active 55+ condominium offers two community pools, grills, shuffleboard, a waterfront clubhouse, and dock.

Pierpoint Condos in Stuart FL

Located in the heart of Stuart and on the shores of the wide Saint Lucie River, the Pierpoint Yacht Club Condominiums is the premier adult community in Stuart, Florida. An extremely well-maintained complex of 8 buildings, some of which have magnificent water views.

Pierpoint Condos in Stuart FL

Pierpoint has docks with boat slips for rent as available. Also on this dock is a fishing station and benches for all Pierpoint residents to enjoy and use. Stuart enjoys some of the finest fishing conditions in all of Florida and the east coast.

On the shores of the Saint Lucie River, Pierpoint has a large and active clubhouse with a full kitchen available for members and special occasions. Adjacent to the clubhouse is one of two heated pools, a billiard room, reading library and shuffleboard courts. There’s an outdoor lounge for sipping cocktails right on the shores of the wide Saint Lucie River. Lots of green space and ample parking complement this wonderful community.

As of October 2018, the condo fees in Pierpoint were $346.00 per month for a one bedroom condo and $367.00 per month for a two bedroom condo. These fees cover Basic Cable TV, Fire/Liability Insurance, Grounds / Plants, Maintenance Exterior, Manager, Pest Control, Recreational Facility, Roof Maintenance, Trash Removal, Water and Sewer.

Pierpoint Condos in Stuart FL

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Pierpoint Yacht Club October 2018 Market Report

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The Courtyards at Willoughby October 2018 Market Report

10.09.18 by Gabe Sanders

The Courtyards at Willoughby October 2018 Market Report

There is one condo currently for sale in the Courtyards at Willoughby. The list price is $174,900 which equals $134.75 per sq. ft. of living space.

Also, there are no condos currently under contract.

In the past 12 months, 6 condos have sold in the Courtyards of Willoughby with sales prices ranging from $167,000 to $185,000 for an average sales price of $173,667 and this equals $135.12 per sq. ft. of living space. These condos sold for an average of 96% of list price with an average of 56 days on market before going under contract.

About the Courtyards at Willoughby:

The charming townhomes in the Courtyards at Willoughby are located close to Historic Downtown Stuart as well as many other shopping, dining and entertainment areas that Stuart, Jensen Beach and Palm City have to offer.

There are only 44 residences in the Courtyards at Willoughby with four different models to choose from, The Juno, The Jupiter, The Hutchinson, and The Jensen depending on your needs. The models go up to 3 bedroom, 2 bathroom two level homes with 1,532 sq. ft. of living area down to 2 bedroom, 2 bath one level living with 1,125 sq. ft. of living space and some models feature garages. Maintenance fees at the time of this writing (October 2018) run from $350 per month and lower depending on the size of the unit. Up to 1 medium sized pet is allowed.

This community features a swimming pool, with a sundeck and cabana grilling area, and a 24 hour fitness center! The surrounding school district is ‘A’ rated.

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The Courtyards at Willoughby October 2018 Market Report

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Florida Townhouses and Condos August 2018 Market Report

10.04.18 by Gabe Sanders

Florida Townhouses and Condos August 2018 Market Report

The Florida Townhouses and Condos August 2018 Market Report remains in a strong market with better activity when compared to last year. Closed sales were up by 6.6% as compared to last month’s increase of 8.5% and new sales under contract (new pending sales) decreased by 3.8% (In July there was a 1.8% increase).

Prices, also, continued to rise for August though at a slightly slower rate than in past months. Median sales prices were up by 8.8% (was up by 5.3% in July), while the average sales price increased by 10.1% (was up 1.0% in July).

The inventory of active listings increased by 0.4% from August of last year. For August 2018 we have 5.3 months of inventory (was also 5.3 months in July) and compared to 5.4 months for August 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.

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 August 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 August 2018 Market Report

Hobe Sound FL 33455 Condo Market Report August 2018

10.02.18 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report August 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for August 2018

For August 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 4 active condo listings. (Decreased by 1 condos from July)

4 Condos are pending and awaiting close. (Down by 1 condo from July)

4 Condos sold in August. (Up by 1 condo from July)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. The inventory of available condos has once again reached very small levels and this will impact future condo market activity in Hobe Sound. Yet, even with such little inventory, these condos are moving off the market quite fast.

The absorption rate for Hobe Sound condos was 1.0 months for August as compared to 1.3 months in July). Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes in percentages that do not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The August 2017 numbers were: 15 active listings, 4 pending sales, and 6 closed sales. Much better activity last year on a greatly larger inventory.

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Hobe Sound FL 33455 Condo Market Report August 2018

Palm City FL 34990 Condo Market Report August 2018

09.26.18 by Gabe Sanders

Palm City FL 34990 Condo Market Report August 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for August 2018

For August 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 76 active condo listings. (Decreased by 2 condos from July)

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

7 Condos Sold in August. (Up by 6 condos from July)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. For August sales came back from the dismal July number. Pending sales remain a little on the weak side.

The current absorption rate for condos in the 34990 zip code area dropped to 10.9 months (was 78 months in August). Still a buyer’s market for Palm City condominiums, but not nearly as extreme as last month. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The August 2017 numbers were: 73 active listings, 8 pending sales, and 8 closed sales. Down slightly this year when compared to August 2017.

Palm City FL 34990 Condo Market Report August 2018

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Palm City Florida Real Estate presented by:
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Palm City FL 34990 Condo Market Report August 2018

Stuart FL 34997 Condo Market Report August 2018

09.24.18 by Gabe Sanders

Stuart FL 34997 Condo Market Report August 2018

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

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

There are currently 36 active condo listings (Down by 8 condos from July).

Stuart FL 34997 Condo Market Report August 2018

25 Condo sales are pending and awaiting close (Up by 4 condos from July).

Stuart FL 34997 Condo Market Report August 2018

12 Condos Sold in August (Decreased by 5 condos from July).

Stuart FL 34997 Condo Market Report August 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. Surprisingly, both pending and closed sales remain quite strong considering the low inventory.

The absorption rate rose to 3.0 months in August compared to 2.6 months for July. 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 August 2017 numbers were: 44 active listings, 23 pending sales, and 17 closed sales. Better sales activity last year but with greater inventory.