Stuart Florida 34994 Residential Market Report November 2018

Stuart Florida 34994 Residential Market Report November 2018

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for November 2018

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

There are currently 76 active listings (Down by 9 homes from October)

Stuart Florida 34994 Residential Market Report November 2018

22 Residential sales are pending and awaiting close or lender approval (Increased by 4 homes from last month).

Stuart Florida 34994 Residential Market Report November 2018

5 Homes Sold in May (Decreased by 10 homes from October)

Stuart Florida 34994 Residential Market Report November 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a dip in inventory and a large drop in sales.  Pending sales rose, just slightly.

The one-month absorption rate for the 34994 zip code for November jumped up to 15.2 months from 5.7 months for October.  Transitioning into a buyer’s market for the 34994 zip code area of Stuart, FL.  First time in quite a while for this area to be in a buyer’s market.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The November 2017 numbers were 81 Active Listings, 28 pending sales, and 13 closed sales.  There was better all-around activity last year.

Stuart Florida 34994 Residential Market Report November 2018

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Stuart Florida 34994 Residential Real Estate Market Report November 2018

Martin County Townhouses and Condos October 2018 Market Report

Martin County Townhouses and Condos October 2018 Market Report

Martin County Townhouses and Condos October 2018 Market Report rebounded a bit after a bit of a weaker September and somewhat stronger activity when compared to October of 2017.  Closed sales for the month were unchanged (was down by 24.1% in September) while new sales under contract (new pending sales) were down by 25.0% from October 2017 (decreased by 7.8% in September).

Prices, however, continue to rise.  The median sales price increased by 4.4% (was up by 13.3% in September) while the average sales price increased by 4.4% (was up by 24.0% in September) as compared to October of 2017.

The inventory of available townhouses and condos increased by 48 units to 347 properties as compared to last month.  This is 4.9% less inventory then the October 2017 data.  Currently, there’s a 3.4 month supply of inventory (compared to 3.8 months for October 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 October 2018 Market Report

Click here to view or download the full report:
Martin County Townhouses and Condos October 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 October 2018 Market Report

Martin County Single Family Homes October 2018 Market Report

Martin County Single Family Homes October 2018 Market Report

The Martin County Single Family Homes October 2018 Market Report continued with strong closed activity but new pending sales were down.  Closed sales were up by 24.1% (was up by 32.2% in September).  While new pending sales decreased by 14.0% as compared to October 2017 (Increased by 54.3% in September).

Prices also increased for October.  The median sales price was up by 15.9% from last year (down by 6.5% in September) while the average sales price increased by 10.4% (was down by 1.9% last month).

The inventory of available single-family homes increased from last month by 111 homes to 985 units for October,  this is 0.6% more than last October of 2017.  The current supply of homes is 4.8 months, for October of last year, it was also a 4.8 months supply.  We’re still in a seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Single Family Homes October 2018 Market Report

Click here to view or download the full report:
Martin County Single Family Homes October 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 Single Family Homes October 2018 Market Report

Plantation House Condos Indian River Plantation December 2018 Market Report

Plantation House Condos Indian River Plantation December 2018 Market Report

There is one condo for sale in the Plantation House of Hutchinson Island.  This condo is listed for $550,000 or $440.35 per sq. ft. of living area.

There are no currently pending sales in the Plantation House.

Only 1 condo has sold in the Plantation House in the past 12 months.  The sales price was $535,000 or $428.34 per sq. ft. of living area.  This condo sold for 99% of the last listed price and went under contract 52 days after going on the market.

About the Plantation House on Hutchinson Island in Indian River Plantation:

Plantation House Condos on Hutchinson Island

Located on the shores of the Atlantic Ocean, the Plantation House Condos are within the Indian River Plantation are of South Hutchinson Island which is the finest resort community in Martin County/Stuart FL.

Plantation House Condos on Hutchinson IslandThe Plantation House was built in 1979 and has 39 2 bedroom, 2 bathroom condos that range in size from 1249 sq. ft. of living area up to 1393 sq. ft.  All units have Ocean Views.   There’s an Oceanside pool as well as under building parking and some free standing garages that come with the Plantation House condos.

Plantation House Condos on Hutchinson Island

Current condo and management fees are around $567 per month.

Plantation House Condos on Hutchinson Island

Indian River Plantation amenities include a golf course, full service marina, tennis courts, tiki bar and shuttle service around the complex and to the Hutchinson Island Marriott resort facilities.

Click here to view available Plantation House condos for Sale

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Other Indian River Plantation Condos you may wish to consider: 
Bayview, Beachwalk, Dunes Club, Fairway Villas, Inlet Village, Lakeside, Ocean House, Ocean Terrace, Plantation Club Villas, Resort Villas, River Village, Riverbend, Riverwood, Tennis Villas

Stuart Florida Real Estate
Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Plantation House Condos Indian River Plantation December 2018 Market Report

 

 

 

Sunset Trace Palm City December 2018 Market Update

Sunset Trace Palm City December 2018 Market Update

As of December 2018, there are 7 homes for sale in Sunset Trace.  These homes have list prices from $160,000 up to $261,900.  This is an average list price of $188,400 or $145.26 per square foot of living area.

There are 5 homes under contract and awaiting settlement.  The list prices ranged from $157,900 up to $179,900.  This works out to an average list price of $169,333 which equals $127.99 per sq. ft. of living area.  These homes were on the market for an average of 35 days prior to going under contract.

In the past 12 months, 43 homes have sold in Sunset Trace.  Sales prices ranged from a low of $125,000 up to $215,000.  This equals an average sales price of $161,577 or $124.27 per sq. ft. of living area.  These homes sold for an average of 97% of their final list price and went under contract in an average of 43 days of being on the market.

 About Sunset Trace in Palm City FL:

Sunset Trace in Palm City FL

Sunset Trace in Palm City FL

 

Just across the street from the Martin Downs Golf Club lies the gated community of Sunset Trace in Palm City, FL.  Conveniently located close to Florida’s Turnpike as well as shopping, restaurants and medical facilities.  And only a 15-minute ride to the pristine waters of the Atlantic Ocean and the numerous waterways and boating facilities available in Martin County, FL.

Sunset Trace in Palm City FL

Sunset Trace is a DiVosta community of approximately 500 residences.  There are four types of homes in this community.   DiVosta quad townhomes which feature 2 Bedrooms and 2 and ½ bathrooms with 1,236 sq. ft. of living area.  Stamford models, also four townhomes to a building featuring 2 Bedrooms and 2 and ½ bathrooms with 1,1374 sq. ft. of living area.  Wellesley models have 3 Bedrooms and 2 Bathrooms in 1,295 sq. ft. and finally, the Villas in Sunset Trace offer attached single family homes with 3 Bedrooms, 2 and ½ baths and a one car garage in 1346 square feet of living area.

Sunset Trace in Palm City FL

Sunset Trace was developed and built from 1984 to 1988.  It features two community pools, three tennis courts, outdoor racquet and/or handball courts and a full-size basketball court.  There’s a playground for the little ones as well.  This is a lushly landscaped community with a number of lakes and ponds on the grounds making for some great water views.

Sunset Trace in Palm City FL

All ages are welcome in Sunset Trace and children attend Citrus Grove Elementary SchoolHidden Oaks Middle School, and Martin County High School.  The HOA fees run $305 per month, but include exterior and hurricane insurance, basic cable TV, Lawn and Landscaping, pest control and security.  Making life in Sunset Trace easy and carefree.

Sunset Trace in Palm City FL

Sunset Trace in Palm City FL

 

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Sunset Trace Villas and Townhomes for Sale

 

 

Sunset Trace Palm City December 2018 Market Update