Stuart Florida 34994 Residential Market Report October 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for October 2017

For October 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 76 active listings (Unchanged from September)

27 Residential sales are pending and awaiting close or lender approval (Increased by 6 homes from last month).

12 Homes Sold in September (Increased by 4 homes from September)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida rebounded some from the previous month’s slower hurricane impacted activity.

The one month absorption rate for the 34994 zip code for October decreased to 6.3 months from 9.5 months for September. Bringing the 34994 zip code area of Stuart, FL back into a balanced market. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The October 2016 numbers were 56 Active Listings, 32 pending sales, and 16 closed sales. Better sales and pending activity last year even though the inventory was smaller. Some of this year’s activity could have been impacted by Hurricane Irma which shut down real estate for a little over a week in September with ripple effects that continued longer.

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Stuart Florida 34994 Residential Real Estate Market Report October 2017

Legacy Cove Stuart FL November 2017 Market Report

11.15.17 by Gabe Sanders

Legacy Cove Stuart FL November 2017 Market Report

There are currently no homes available for sale in Legacy Cove in Stuart, FL.

There is one home currently under contract awaiting settlement. The list price was $410,000 or $164.53 per sq. ft. of living area. This home was on the market for 11 days prior to going under contract.

In the past 12 months, 10 homes have sold in Legacy Cove with sales prices ranging from $288,000 to $435,000 for an average sales price of $351,000 or $162.13 per sq. ft. of living area. These sales averaged 97% of list price and went under contract in an average of 46 days after going on the market.

About Legacy Cove in Stuart FL:

Legacy Cove in Stuart Florida is a gated lakeside community of 229 homes off of Cove Road in Stuart, Florida. Legacy Cove consists of two sections. The first section of 142 homes called the Cove Isle development was mostly completed between 2004 and 2005. The newer section, called the Cove Lakes development consists of 87 home sites with construction that began in 2007. Some homes are yet to be completed in Cove lakes.

There’s a wide variety of homes in Legacy Cove, ranging from the smallest, a 3 bedroom, 2 bathroom, 2 car garage with a little under 1,600 square feet of living area to 4, possible 5 bedroom, 3 and a 1/2 bathroom, 3 car garage two story homes with almost 4,000 square feet of living area. And many sizes in between.

Legacy Cove boasts a community pool and clubhouse with a fitness center as well as two hard-surfaced tennis courts. Many homes in Legacy Cove in Stuart Florida have serene lake views and a comfortable private feeling. Located just minutes from I-95, this is a great location for those wishing to take advantage of Martin County’s amenities while still having an easy commute to work either north or south.

Legacy Cove is in an ‘A’ Martin County school system with children currently attending Pinewood elementary school, Dr. David L Anderson middle school, and Martin County high school.

The HOA fees are very reasonable at $688.00 per quarter. Management of the community is through Bristol Management of Stuart.

Residents of Legacy Cove in Stuart FL enjoy a relaxing lifestyle with easy access to restaurants, shopping and the many waterways, beaches and public parks that Martin County has to offer.

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For any questions you November have about Legacy Cove Stuart FL, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Legacy Cove Stuart FL November 2017 Market Report

Stuart West Palm City November 2017 Market Report

11.11.17 by Gabe Sanders

Stuart West Palm City November 2017 Market Report

There are currently 5 homes for sale in Stuart West. List prices range from $649,000 up to $875,000 for an average asking price of $756,180 which is $191.67 per sq. ft. of living area.

There is 1 home currently under contract. This home was listed for $459,900 or $188.64 per sq. ft. of living area. This home was on the market for 303 days prior to going under contract.

In the past 12 months, 12 homes have sold in Stuart West. Sale prices ranged from $415,000 up to $1,000,000 with the average sale price being $566,167 which equals a per sq. ft. of living area sales price of $181.82. These homes sold for an average of 95% of list price and averaged 238 days on the market.

About Stuart West in Palm City FL:

Stuart West is an upscale gated equestrian community located adjacent to the Stuart West and the Fox Club in western Palm City. Just off the I-95 exit, Stuart West is an easy commute for those who work either south or north of Martin County, yet want to enjoy the superior amenities that Palm City has to offer.

Stuart West resides on over 1,000 acres of pristine land with 249 home sites ranging from 2 to over 10 acres. There are over 11 miles of waterways located throughout the community which makes for an idyllic setting for this family-friendly equestrian community.

Community amenities include a playground, community boat ramp to the C-23 canal, a 10-acre equestrian center, 24 hour manned security gate (shared with Cobblestone) and security patrols, and an underground cable and routing system for the best high-end internet connectivity. All of this in Martin County’s ‘A’ rated school system. And school bus service is provided inside the community.

Currently, Stuart West’s children attend Citrus Grove Elementary, Hidden Oaks Middle and South Fork High Schools.

Home construction started in Stuart West in 1984 and continues to this day with approximately 52 vacant lots yet to be built upon. Though many of these lots are being kept as pastures by the adjacent homeowners. Home sizes range from 3 Bedroom, 2 Bath homes of around 2,000 sq. ft. of living area all the way to 7 Bedroom, 5 Bathroom estates with over 5,500 sq. ft. under air. The HOA fee is a very reasonable $121 per month which covers security and all the amenities this wonderful community has to offer.

More information about Stuart West can be found on their property owners’ website here.

Stuart West Homes for Sale

Vacant Land for Sale in Stuart West

Stuart West Palm City November 2017 Market Report

Martin County Townhouses and Condos 2017 3’rd Quarter Report

11.09.17 by Gabe Sanders

Quarterly Market Report for Martin County Townhouses and Condos

3’rd Quarter 2017

Click the image below to view the full details of the Martin County townhouses and condos market report data as reported by Martin County Realtor for the 3’rd Quarter 2017.

Both closed and pending sales decreased for this quarter when compared to the 3’rd quarter of 2016. The median and average sales prices were up slightly when compared to last year and inventory increased to a 4.3 months supply. It still a seller’s market for Martin County townhouses and condos.

View the entire set of data at GabeSanders.com

Martin County Townhouses and Condos 2017 3’rd Quarter Report

Martin County Single Family Homes 2017 3’rd Quarter Report

11.08.17 by Gabe Sanders

Quarterly Market Report for Martin County Single Family Homes

3’rd Quarter 2017

Click the image below to view the full details of the Martin County single family homes market report data as reported by Martin County Realtor for the 3’rd Quarter 2017.

Closed and new pending sales were up for the 3’rd quarter when compared to last year and prices also increased. Martin County single family homes remained in a sellers’ market as the inventory tightens.

View the entire set of data at GabeSanders.com

Martin County Single Family Homes 2017 3’rd Quarter Report

Springtree Stuart FL November 2017 Market Report

11.07.17 by Gabe Sanders

Springtree Stuart FL November 2017 Market Report

For November 2017 there are two homes available to purchase in Springtree. The list prices for these homes are $320,000 and $329,000 for an average list price of $324,500 which is $178.69 per sq. ft. of living area.

There is 1 home under contract in Springtree. The last list price was $249,000 or $149.10 per sq. ft. of living area. This home was on the market for 21 days prior to going under contract.

4 Springtree homes have sold in the past 12 months. Sales prices ranged from $202,000 to $295,000 for an average sales price of $258,000 which equals $151.48 per sq. ft. of living area. Sales prices averaged 95% of list price and these homes took an average of 73 days to go under contract.

About the Springtree Community in Stuart FL:

Springtree is a beautiful small development just west of US 1 in Stuart, Florida. Conveniently located between Indian Street and Salerno Road, Springtree is close to shopping, restaurants, beaches and easy access to I-95 for commuters. This community is a wonderful family neighborhood and in the Martin County ‘A’ rated school district, with Pinewood Elementary, Stuart Middle and Martin County High.

Engle Homes completed this community between the years of 2000 and 2003. This is a gated community with a lighted lake and fountain as the centerpiece of the community. Low HOA fees of approximately $120. month make this an affordable community. Many homes boast wonderful private lakeside views. Springtree also has a number of preserve areas as well as a playground to keep the tots occupied.

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For any questions you may have about Springtree Stuart FL November 2017 Market Report, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Springtree Stuart FL November 2017 Market Report

Martin County Townhouses and Condos September 2017 Market Report

11.01.17 by Gabe Sanders

Martin County Townhouses and Condos September 2017 Market Report

Martin County Townhouses and Condos Market Report for September 2017 showed weaker activity from last year. This decrease can most likely be attributed to Hurricane Irma which shut things down for a couple of weeks in September. Closed sales for the month were down by 17.8% (were up by 36.7% in August) while new sales under contract (new pending sales) were down by 30.1% from September 2016 (increased by 22.1% in August).

Prices, however, were up for September as the median sales price increased by 6.1% (was down by 5.1% in August) while the average sales price increased by 18.9% (was up by 10.6% in August) as compared to September of 2016. Improved results from last month as well as last year.

The inventory of available townhouses and condos decreased by 4 units to 347 properties as compared to last month. This is 3.6% less than the September 2016 inventory. Currently, there’s a 3.7 month supply of inventory (unchanged from last year which was also 3.7 months). Still a 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.

Click here to view or download the full report:
Martin County Townhouses and Condos September 2017 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 September 2017 Market Report

Martin County Single Family Homes September 2017 Market Report

10.31.17 by Gabe Sanders

Martin County Single Family Homes September 2017 Market Report

The Martin County Single Family Homes Market Report for September 2017 showed weaker activity from last year. This decrease can most likely be attributed to Hurricane Irma which shut things down for a couple of weeks in September. Closed sales were down by 20.3% (was up by 30% in August). While new pending sales decreased by 40.5% as compared to September of 2016 (Decreased by 14.5% in August).

Prices continued to rise with the median sales price up by 12.1% from last year (up by 17.4% in August) while the average price increased by 3.6% (was up by 23.3% last month).

The inventory of available single family homes decreased from last month by 55 homes to 968 units for September, this is 0.3% less than last September. The current supply of homes is 4.7 months, for September of last year it was also 4.9 months supply. Still 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.

Click here to view or download the full report:
Martin County Single Family Homes September 2017 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 September 2017 Market Report

Hobe Sound FL 33455 Condo Market Report September 2017

10.26.17 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report September 2017

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for September 2017

For September 2017 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 17 active condo listings. (Increased by 2 condos from August)

3 Condos are pending and awaiting close. (Down by 1 condo from August)

1 Condos sold in September. (Decreased by 5 condos from August)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Inventory is growing, but unfortunately, sales activity was weak for this month. Some of this decreased activity may have been caused by Hurricane Irma which shut down real estate for a little over a week last month

The absorption rate for Hobe Sound condos was 17 months for September as compared to 5 months in August). 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 September 2016 numbers were: 5 active listings, 3 pending sales, and 3 closed sales. Better overall activity last year when compared to this year.

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Hobe Sound FL 33455 Condo Market Report September 2017

Jensen Beach FL 34957 Condo Market Report September 2017

10.24.17 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report September 2017

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for September 2017

For September 2017 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):

There are currently 82 active listings. (Increased by 2 condos from August)

31 Condo sales are pending and awaiting settlement. (Down by 10 condos from August)

25 Condos Sold (Down by 1 condos from August)

The Jensen Beach FL 34957 Condo Market Report for September shows a continuing active market though the inventory continues to decline making for fewer available condos available to purchase. Activity was off slightly for Jensen beach condos, some of which may have been hurricane related.

The one month absorption rate for the September 2017, Jensen Beach Florida Market Report ZIP Code 34957 inched up to 3.3 months (from 3.1 months in August), still a very stronger seller’s market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The September 2016 numbers were: 115 active listings, 37 pending sales and 17 condos closed. Much stronger activity this year with reduced inventory. Impressive activity.

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Jensen Beach FL 34957 Condo Market Report September 2017

Palm City FL 34990 Condo Market Report September 2017

10.20.17 by Gabe Sanders

Palm City FL 34990 Condo Market Report September 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for September 2017

For September 2017 in the 34990 Zip Code area of Palm City, Florida :

There are currently 68 active condo listings. (Decreased by 5 condos from August)

7 Condo sales are pending and awaiting close or lender approval. (Down by 1 condos from last month)

3 Condos Sold in September. (Down by 5 condos from July)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Market activity dropped for Palm City condos and remains a difficult market for sellers. (Though a good part of this difficulty comes from two equity golf club communities.) Some of this decreased activity may have been caused by Hurricane Irma which shut down real estate for a little over a week last month

The current absorption rate for condos in the 34990 zip code area jumped to 22.7 months (was 9.1 months in July). Still in a buyer’s market for Palm City condominiums, but much less extreme than last month. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The September 2016 numbers were: 71 active listings, 9 pending sales and 4 closed sales. Slightly better activity last year.

Palm City FL 34990 Condo Market Report September 2017

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Palm City Florida Real Estate presented by:
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Palm City FL 34990 Condo Market Report September 2017

Stuart Florida 34994 Residential Market Report September 2017

10.11.17 by Gabe Sanders

Stuart Florida 34994 Residential Market Report September 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for September 2017

For September 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 76 active listings (Decreased by 1 homes from August)

21 Residential sales are pending and awaiting close or lender approval (Decreased by 5 homes from last month).

8 Homes Sold in August (Decreased by 8 homes from August)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had slightly weaker activity for September. Some of this might have been hurricane related.

The one month absorption rate for the 34994 zip code for September increased to 9.5 months from 4.8 months for August. Bringing the 34994 zip code area of Stuart, FL back into 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 September 2016 numbers were 64 Active Listings, 34 pending sales, and 11 closed sales. Better sales and pending activity last year with a little larger inventory. Some of this activity could have been impacted by Hurricane Irma which shut down real estate for a little over a week last month.

Search here for Stuart Florida Real Estate for Sale

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the Gabe Sanders real estate team