Stuart FL 34997 Condo Market Report December 2018

Stuart FL 34997 Condo Market Report December 2018

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

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

There are currently 49 active condo listings (Up by 5 condos from November).

Stuart FL 34997 Condo Market Report December 2018

8 Condo sales are pending and awaiting close (Down by 14 condos from November).

Stuart FL 34997 Condo Market Report December 2018

19 Condos Sold in December (Up by 11 condos from November).

Stuart FL 34997 Condo Market Report December 2018

      The Stuart FL condo market for zip code 34997 reaminsinventory challenged but had a good number of closed sales.  Pending sales took an unexpected drop and may affect closed sales in the coming months.

     The absorption rate rose to 2.6 months in December compared to 5.5 months for November.  Remaining in an extreme seller’s market at this time 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 December 2017 numbers were: 57 active listings, 17 pending sales, and 19 closed sales.  The same number of closed sales when compared to last year on a reduced inventory, but a greatly reduced number of pending sales.

Stuart FL 34997 Condo Market Report December 2018

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Stuart FL 34997 Condo Market Report December 2018

 

 

Stuart FL 34997 Residential Market Report December 2018

Stuart FL 34997 Residential Market Report December 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2018

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

There are currently 341 active listings (Increased by 19 homes from November).

Stuart FL 34997 Residential Market Report December 2018

93 Residential sales are pending and awaiting close or lender approval (Down by 33 homes from November).

Stuart FL 34997 Residential Market Report December 2018

70 Homes Sold in December (Increased by 9 homes from November)

Stuart FL 34997 Residential Market Report December 2018

      The Stuart Florida Residential Market for ZIP Code 34997 had an increase in closed sales for December but also an unexpected large decrease in pending sales which may affect closed sales in the near future.
     The absorption rate dipped to 4.9 months (was 5.3 months for November).  Still in a seller’s market for the 34997 zip code area of Stuart for December 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2017 numbers for December, were: 275 active listings, 121 pending listings, and 81 closed sales.  Even with a greater number of available homes for sale, activity was greater last year.
Stuart FL 34997 Residential Market Report December 2018

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Search here for 34997 Zip Code of Stuart FL real estate for sale

Stuart Florida Real Estate presented by:
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Stuart FL 34997 Residential Market Report December 2018

 

Stuart FL 34996 Condo Market Report December 2018

Stuart FL 34996 Condo Market Report December 2018

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

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

There are currently 124 active condo listings (Up by 5 condos from last month).

Stuart FL 34996 Condo Market Report December 2018

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

Stuart FL 34996 Condo Market Report December 2018

27 Condos Sold in December (Up by 3 condos from November) 

Stuart FL 34996 Condo Market Report December 2018

The Stuart FL 34996 Condo Market of Stuart showed an increase in sales but a decrease in pending sales from last month.  Though, the activity remains quite strong.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dipped to 4.6  months from November’s 5.0 months. Transitioning back 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 December 2017 were: 134 active listings, 35 pending sales, and 20 closed sales.  Better closed sales activity this year but better pending sales last year.  One of the few areas with a lower inventory this year.  I expect this to change in the coming months.

Stuart FL 34996 Condo Market Report December 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 Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report December 2018

Portofino Condos at Jensen Beach January 2019 Market Report

Portofino Condos at Jensen Beach January 2019 Market Report

As of January 2019, there are 5 condos available for sale in Portofino.  List prices range from $135,000 up to $189,900.  This is an average list price of $168,120 or $166.18 per sq. ft. of living area.

There is 1 condo under contract at this time.  The list price was $172500 which equals $160.61 per sq. ft. of living area.  This condo was on the market for 64 days before this offer was accepted.

In the past 12 months, 13 condos have sold in Portofino, ranging in sales price from $107,000 up to $175,000.  This equals an average sales price of $143,973 which which works out to $143.34 per sq. ft. of living area.  The average days on market was 46 and the average list to sales price ratio was 97%.

About the Portofino Condos at Jensen Beach:

Portofino Condos at Jensen Beach January 2019 Market Report

Portofino of Jensen Beach is a gorgeous gated condo community that’s just great for families or singles. Portofino offers fantastic amenities such as a resort-style pool and hot tub, a state-of-the-art fitness center, and an indoor air-conditioned racquetball court along with outdoor tennis court. A business center is also available that delivers the conveniences of a home office, with computers, a copier, and a fax machine to keep you connected. A children’s playground is also available. This community is only 10 minutes from the beaches, and it is just minutes to both Jensen Beach Elementary School and Jensen Beach High School. Jensen Beach students also attend Stuart Middle School which is only about 15 minutes away.

 

Portofino Condos at Jensen Beach

Portofino Condos at Jensen Beach

 

Portofino Condos at Jensen Beach is one of the newest condominium subdivisions in Martin County.  Originally built as an upscale apartment complex around 2000, this development was turned into condominiums and began sales in 2005.  Due to the downturn in the housing market, not all units were sold and some are now being offered for lease.  Portofino Condos at Jensen Beach January 2019 Market Report features 1, 2 and 3 bedroom units with separate garage parking as an added purchase when available.  Unit sizes are 802 sq. ft. for the 1 Bedroom 1 bath, 1074 sq. ft. for the 2 Bedroom 2 bath, and 1252 sq. ft. for the 3 Bedroom 2 bath.

Portofino at Jensen Beach

With a total of 384 units, there are 116 one-bedroom, 196 two-bedroom, and 72 three-bedroom units within Portofino that are spacious and include balconies! Portofino provides luxury living for its residents, set in a peaceful Florida preserve atmosphere, many with lake views. Living in Portofino of Jensen Beach you will feel like you are on vacation year round!

Portofino Condos at Jensen Beach January 2019 Market Report

Portofino Condos at Jensen Beach January 2019 Market ReportThe Condo Owners Association fees range from $245.00 to $281.00 per month depending on unit size and for garage owners, there’s an additional $20 per month charge.  Fees include the extensive grounds and gated entry as well as the amenities, which include a large community pool, heated whirlpool, state of the art fitness center, indoor racquetball court, tennis court, playground and a private clubhouse with a full kitchen.

Portofino Condos at Jensen Beach January 2019 Market Report

All ages are welcome in Portofino Condos at Jensen Beach.   Children attend Martin County’s highly rated school system, currently at Jensen Beach elementary school, Stuart middle school and Jensen Beach high school.  Portofino Condos is close to the Treasure Coast mall as well as numerous shops and restaurants, medical facilities and only a few minutes to the waterways of Martin County and the beaches of Hutchinson Island.

Portofino Condos at Jensen Beach

Portofino Condos at Jensen Beach

For information about sales or rentals of Portofino Condos in Jensen Beach, please call the Gabe Sanders real estate team at 772-323-6996 or contact us here.

Jensen Beach Florida Real Estate

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

Portofino Condos at Jensen Beach January 2019 Market Report

Stuart FL 34996 Residential Market Report December 2018

Stuart FL 34996 Residential Market Report December 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2018

For December 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 167 active listings (Decreased by 2 homes from October).

Stuart FL 34996 Residential Market Report December 2018

23 Residential sales are pending and awaiting close (Up by 6 homes from October).

Stuart FL 34996 Residential Market Report December 2018

15 Homes Sold in December (Up by 2 homes from October).

Stuart FL 34996 Residential Market Report December 2018

The 34996 zip code area of the Stuart Florida improved from last month.  Though this segment has been in a buyer’s market now for a few months.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for December dropped to 11.1 months as compared to October’s 13.0 months.  Remaining in a buyer’s market for the 34996 zip code area of Stuart FL.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for December 2017 were: 141 active listings, 37 pending sales, and 14 closed sales.  Marginally better sales volume and fewer pending sales this year with a higher inventory.

Stuart FL 34996 Residential Market Report December 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

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

Stuart Florida Real Estate presented by:

Gabe Sanders – Stuart Florida Real Estate

Stuart FL 34996 Residential Market Report December 2018