Stuart Florida 34994 Residential Market Report January 2019

Stuart Florida 34994 Residential Market Report January 2019

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for January 2019

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

There are currently 91 active listings (Up by 15 homes from December)

Stuart Florida 34994 Residential Market Report January 2019

26 Residential sales are pending and awaiting close or lender approval (Increased by 9 homes from last month).

Stuart Florida 34994 Residential Market Report January 2019

8 Homes Sold in May (Decreased by 5 homes from December)

Stuart Florida 34994 Residential Market Report January 2019

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had an increase in both inventory and pending sales.  Unfortunately, closed sales were off for the month.

The one-month absorption rate for the 34994 zip code for December jumped up to 11.8 months from 5.8 months for December.  Returning to a buyer’s market for the 34994 zip code area of Stuart, FL after one month in a seller’s market.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The January 2018 numbers were 86 Active Listings, 38 pending sales, and 11 closed sales.  Better activity last year.

Stuart Florida 34994 Residential Market Report January 2019

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Stuart Florida 34994 Residential Real Estate Market Report January 2019

North River Shores February 2019 Market Report

North River Shores February 2019 Market Report

The North River Shores February 2019 Market Report for Stuart Florida:

There are currently 3 active listings in North River Shores.  List prices range from $619,000 up to $748,700.  The average list price is $672,533 which equals $258.65 per square foot of living area.

1 home is under contract (pending sale).  This home was listed for $1,145,000 or $428.84 price per sq. ft. of living area.  This home was on the market for 154 days before going under contract.

In the past 12 months, 29 homes have sold in North River Shores at an average sales price of $524,991 or at $223.70 per square foot of living area. Sales prices ranged from a low of $280,000 up to $1,175,000 and sales averaged 96% of the list price.  These homes were on the market for an average of 98 days prior to accepting the offers that lead to the sale.

About North River Shores in Stuart FL:

 North River Shores in Stuart FL

The area north of the Roosevelt Bridge to Britt Road and west of US 1 is sometimes loosely referred to as “North River Shores.” However, North River Shores and its companion neighborhoods of Cocoanut Point and North River Forest are distinct subdivisions as recorded in Martin County records.
 
Members of these communities enjoy the benefits of designated park areas as well as the use of the boat ramp at Nosaw Park which accesses the North Fork of the St. Lucie River.
  There are also some accompanying deed restrictions that enhance and protect the aesthetic nature of this beautiful community.

 North River Shores

The North River Shores communities include both waterfront and non-waterfront homes.  Waterfront homes may have sweeping miles wide views of the North Fork of the Saint Lucie River or protected canal front homes with deep water dockage.  Additionally, North River Shores is a bird and wildlife sanctuary.

North River Shores in Stuart FL

 This community is blessed with easy access to shopping, the beaches, houses of worship, schools and access to both downtown Stuart and Jensen Beach, yet it maintains a quiet and peaceful neighborhood character.   This is a wonderful neighborhood within Martin County’s ‘A’ rated school district.  For additional information about North River Shores and/or the surrounding communities, contact Gabe Sanders.

North River Shores

North River Shores
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North River Shores February 2019 Market Report

Hunters Creek Palm City February 2019 Market Report

Hunters Creek Palm City February 2019 Market Report

Currently, for February 2019, there is only one home on the market in Hunters Creek in Palm City, FL.  This home is listed for $344,900 which is also $183.36 per sq. ft. of living area.

There are no homes currently under contract (pending sales).

There have been 6 homes sold in the past 12 months in Hunters Creek.  Sales prices were from $320,000 up to $460,000 for an average sales price of $402,000 which equals $174.54 per sq. ft. of living area.  These homes sold on average of 96% of the last listed price and were under contract on an average 131 days after being listed.

About Hunters Creek in Palm City FL:

Hunters Creek in Palm City FL is a gated community of 68 homes located off of Mapp Road just north of the Oak Ridge subdivision and across the road from Harbour Pointe.

Hunters Creek in Palm City FL

Homes in Hunters Creek were first completed in 1990 and the last home was built in 2001. There are no more vacant lots left to be built as this community is fully matured and built out. All homes are custom built and range in sizes from over 3,800 sq. ft. of living area to just under 1,700. From 5 bedroom pool homes on over a ½ acre of land down to 3 bedroom homes on just over a quarter of an acre.

Hunters Creek in Palm City FL

HOA fees are very reasonable at under $100 per month. This covers the common areas and security gate along with basic cable TV.

Hunters Creek in Palm City FLHunters Creek is very conveniently located near the Palm Cove Golf Club.  There is quick access to Florida’s Turnpike and I-95.  Also, just a few minutes away from the Palm City Bridge with access to downtown StuartJensen Beach and the beaches of the Atlantic Ocean on Hutchinson Island.

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Hunters Creek Palm City February 2019 Market Report

Foxwood Stuart FL February 2019 Market Update

Foxwood Stuart FL February 2019 Market Update

As of February 2019, there are 2 homes on the market in the Foxwood equestrian community in Stuart, FL.  List prices are $449,000 and $625,000.  This is an average list price of $537,000 or $152.31 per sq. ft. of living area.

There are no homes under contract at this time.

In the past 12 months, there were a total of 6 sales in this sought after Stuart community.  Sales prices ranged from $350,000 up to $600,000 for an average sales price of $472,583 which equals $182.58 per sq. ft. of living area.  These sales averaged a sales price of 94% of the last list price and took an average of 79 days on the market before going under contract.

About Foxwood in Stuart FL:

Foxwood Equestrian in Stuart FL

Foxwood is located just west of I-95 on Pratt and Whitney road in Western Stuart Florida.  It consists of 109 home sites that are all 2 acres or larger.  Horses are permitted with zoning of one horse per acre.   Foxwood was designed with Florida’s natural environment in mind.  Every Foxwood home is custom built with the residents encouraged to keep some natural habitat in place.  Recently, a rare Florida Panther was seen going through Foxwood.

Foxwood Equestrian in Stuart FL

Association fees are a very reasonable $35 per month.  These fees cover maintenance of the private roads, sanitation and management fees.  More information about the Foxwood Property Association can be found at this community’s property association website: Foxwood Property Association of Stuart Florida

Foxwood Equestrian in Stuart FL

Construction of homes in Foxwood began in 1978.  Four phases of development ended with the last phase commencing in 1990.  Most lots have been developed with just a handful of vacant lots left of which currently none are available for sale (as of this writing).

Foxwood Equestrian in Stuart FL

Foxwood is located less than a mile from the ‘A’ Rated South Fork High School with easy access to Palm Beach County and only 15 minutes to downtown Stuart and the pristine beaches of Martin County.

A perfect place to call home for those who desire some room to roam yet be close to shopping, restaurants and other urban areas.

Currently Available Homes in Foxwood

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For more information about this and other Martin County communities contact:
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Stuart Florida Real Estate

Residential Homes, Condos and Land with special emphasis on Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Foxwood Stuart FL February 2019 Market Update

Martin County Townhouses and Condos December 2018 Market Report

Martin County Townhouses and Condos December 2018 Market Report

Martin County Townhouses and Condos December 2018 Market Report had a second month of weaker sales activity when compared to last year.  Closed sales for the month were down by 8.8% (were down by 21.2% in November) while new sales under contract (new pending sales) were down by 13.0% from December 2017 (increased by 2.4% in November).

Prices were mixed for December.  The median sales price increased by 9.3% (was up by 2.5% in November) while the average sales price decreased by 5.7% (was up by 2.2% in November) as compared to December of 2017.

The inventory of available townhouses and condos decreased by 2 units to 351 properties as compared to last month.  This is 11.4% less inventory then the December 2017 data.  Currently, there’s a 3.5 month supply of inventory (compared to 4.0 months for December 2017).  Remaining in a strong seller’s market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos December 2018 Market Report

Click here to view or download the full report:
Martin County Townhouses and Condos December 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.

Martin County Townhouses and Condos December 2018 Market Report