Stuart FL 34997 Condo Market Report April 2018

Stuart FL 34997 Condo Market Report April 2018

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

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

There are currently 57 active condo listings (Up by 1 condos from March).

Stuart FL 34997 Condo Market Report April 2018

19 Condo sales are pending and awaiting close or lender approval (Down by 4 condos from March).

Stuart FL 34997 Condo Market Report April 2018

9 Condos Sold in April (Decreased by 11 condos from March).

Stuart FL 34997 Condo Market Report April 2018

      The Stuart FL condo market for zip code 34997 showed slower activity for April after a red-hot March.  Pending sales are off by quite a lot as were the closed sales.  In great need of more condos available for sale in this area of Stuart FL.

     The absorption rate jumped to 6.3 months in April compared to 2.4 months for March.  Back into a balanced 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 April 2017 numbers were: 70 active listings, 44 pending sales, and 5 closed sales.  Better closed activity this year even with a significantly reduced number of condos for sale.  The pending numbers are not as good.

Stuart FL 34997 Condo Market Report April 2018

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Stuart FL 34997 Condo Market Report April 2018

 

 

Legacy Cove Stuart FL May 2018 Market Report

Legacy Cove Stuart FL May 2018 Market Report

There is currently 1 home available for sale in Legacy Cove in Stuart, FL.  The list price is $389,000 which is $205.71 per sq. ft. of living area.

There is one home currently under contract awaiting settlement.  The list price was $650,000 or $175.87 per sq. ft. of living area.  This home was on the market for 93 days prior to going under contract.

In the past 12 months, 6 homes have sold in Legacy Cove with sales prices ranging from $342,000 up to $471,000 for an average sales price of $396,167 which works out to $163.35 per sq. ft. of living area.  These sales averaged 97% of list price and went under contract in an average of 31 days after going on the market.

About Legacy Cove in Stuart FL:

Legacy Cove in Stuart FL

Legacy Cove in Stuart Florida is a gated lakeside community of 229 homes off 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.

Legacy Cove in Stuart FL

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 in Stuart FL

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 in Stuart FL

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.

Legacy Cove in Stuart FL

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

Legacy Cove in Stuart FL

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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Legacy Cove in Stuart FL

For any questions you May 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 May 2018 Market Report

 

River Pines Townhouses May 2018 Market Report

River Pines Townhouses May 2018 Market Report

As of May 2018, there are 3 active listings for River Pines townhouses for sale in Stuart, FL.  Prices range from a low of $160,999 up to $169,900 which equals to an average list price of $165,213 or $128.27 per sq. ft. of living area.

There is only 1River Pines town home under contract awaiting sale.  The list price was $174,900 or $135.79 per sq. ft. of living area.  This property was on the market for 76 days prior to going under contract.

In the past 12 months, 31 townhouses have sold in River Pines with sales prices ranging from$115,000 up to $165,000 which equals to an average sales price of $143,776 or $110.04 per sq. ft. of living area.  These townhomes have been on the market for an average of 93 days prior to going under contract and sold for 97% of the last list price.

About River Pines in Stuart FL:River Pines Townhomes

Located just off the Intracoastal Waterway off of Cove Road in Stuart is the River Pines community. 396 private residences in quad style town-homes.   This community was built in 1981 and 1982 and all homes are 1288 sq. ft. of living area with 2 bedrooms and 2 and ½ baths. There are large private courtyards for each home, some of which the residents have enclosed for added living area.

River Pines in Stuart FL

Only a short walk or bike ride to the Saint Lucie River with access for kayak launch. Boat ramps also nearby. All ages are welcome and 2 small pets are permitted. Each home has 2 reserved parking spots with additional guest parking. Amenities include 2 Community pools, tennis courts and racquetball/handball courts. There’s also a private preserve adjacent to the Intracoastal available exclusively for residents use.

River Pines in Stuart FL

A very well run community with excellent financials. Residents have the option of joining the Miles Grant golf club (just across the street).

River Pines in Stuart FL

As of May 2018, HOA fees were $167 per month.

River Pines in Stuart FL

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River Pines Townhouses May 2018 Market Report

Stuart Florida 34994 Residential Market Report April 2018

Stuart Florida 34994 Residential Market Report April 2018

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

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

There are currently 74 active listings (Down by 1 homes from March)

Stuart Florida 34994 Residential Market Report April 2018

35 Residential sales are pending and awaiting close or lender approval (Increased by 1 homes from last month).

Stuart Florida 34994 Residential Market Report April 2018

13 Homes Sold in March (Decreased by 14 homes from March)

Stuart Florida 34994 Residential Market Report April 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a decrease in closed sales from last month (which were very strong) but remains a very strong market.

The one-month absorption rate for the 34994 zip code for March jumped to 5.7 months from 2.8 months for March.  Hanging on to a seller’s market for the 34994 zip code area of Stuart, FL.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The April 2017 numbers were 69 Active Listings, 33 pending sales, and 12 closed sales.  One of the few areas of Martin County with increased inventory from last year.  Sales activity was very similar to last year.

Stuart Florida 34994 Residential Market Report April 2018

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Stuart Florida 34994 Residential Real Estate Market Report April 2018

Stuart FL 34997 Condo Market Report March 2018

Stuart FL 34997 Condo Market Report March 2018

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

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

There are currently 56 active condo listings (Up by 2 condos from February).

Stuart FL 34997 Condo Market Report March 2018

23 Condo sales are pending and awaiting close or lender approval (Down by 9 condos from February).

Stuart FL 34997 Condo Market Report March 2018

22 Condos Sold in March (Increased by 5 condos from February).

Stuart FL 34997 Condo Market Report March 2018

      The Stuart FL condo market for zip code 34997 has a very low inventory of available condos for sale yet is showing strong activity with what is available.

     The absorption rate dropped to 2.4 months in March compared to 3.2 months for February.  Back into a strong sellers’ 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 March 2017 numbers were: 75 active listings, 44 pending sales, and 18 closed sales.  Better closed activity this year even with a significantly reduced number of condos for sale..

Stuart FL 34997 Condo Market Report March 2018

Stuart Florida Real Estate presented by:
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Stuart FL 34997 Condo Market Report March 2018