Stuart FL 34997 Condo Market Report January 2017

02.18.17 by Gabe Sanders

Stuart FL 34997 Condo Market Report January 2017

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2017

For January 2017 in the 34997 Zip Code area of Stuart, Florida :

There are currently 80 active condo listings (Decreased by 3 condos from December).

34 Condo sales are pending and awaiting close or lender approval (Up by 5 condos from December).

Stuart FL 34997 Condo Market Report January 2017

15 Condos Sold in January (Increased by 4 condos from December).

Stuart FL 34997 Condo Market Report January 2017

The Stuart FL condo market for zip code 34997 showed a strong start to the beginning of 2017 with increases in both pending and closed sales.

The absorption rate dropped to 5.3 months in January from 7.5 months for December. Back into a 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 January 2016 numbers were: 79 active listings, 29 pending sales and 8 closed sales. Considerably improved activity for this year as compared to 2016.

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2017

Stuart Florida Market Report ZIP Code 34994 Residential January 2017

02.13.17 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential January 2017

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

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

There are currently 74 active listings (Increased by 22 homes from December)

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

7 Homes Sold in December (Down by 12 homes from December)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida began 2017 with a drop inactivity along with a big jump in inventory.

The one month absorption rate for the 34994 zip code for January jumped to 10.6 months from 2.7 months for December. Into a buyers’ market for the first time in quite some time 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 January 2016 numbers were 59 Active Listings, 14 pending sales and 10 closed sales. A big jump in inventory along with a drop in closed and pending sales from last January.

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Stuart Florida Market Report ZIP Code 34994 Residential January 2017

Foxwood Stuart FL February 2017 Market Update

02.06.17 by Gabe Sanders

Foxwood Stuart FL February 2017 Market Update

As of Feb 2017, there are no homes on the market in the Foxwood equestrian community in Stuart, FL.

There are 2 homes under contract which have not completed the sales process. The list prices ranged from $$300,000 to $430,000 for an average of $365,000 or $124.45 per sq. ft. of living area. These two homes were on the market for an average of 204 days prior to going under contract.

In the past 12 months there were 2 sales in this sought after Stuart community. Sales prices ranged from $360,000 to $370,000 for an average of $365,000 which equals $129.82 per sq. ft. of living area. These sales averaged a sales price of 95% of the last list price and took an average of 114 days on the market before going under contract.

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 a 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.

Association fees are a very reasonable $450 per year. 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 web site: Foxwood Property Association of Stuart Florida

Construction of homes in Foxwood began in 1978. Four phase 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 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.

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For more information about this and other Martin County communities contact:
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River Pines Court 9 Townhouse Stuart FL Just Listed

01.29.17 by Gabe Sanders

River Pines Court 9 Townhouse Stuart FL Just Listed

6194 SE Riverboat Drive in River Pines, Stuart, FL has just been listed for sale by the Gabe Sanders of Real Estate of Florida. The list price for this spacious and furnished townhouse is $157,900.

A wonderful light and bright townhome in the much sought after River Pines community of Stuart, FL. This is a spacious 2 bedroom, 2 and ½ bathroom townhouse that has been updated and meticulously maintained. This townhome is being offered fully furnished.

All ages welcome and 2 medium pets permitted. 2 reserved parking spots with additional guest parking. 2 Community pools, tennis courts and racquetball/handball courts. Exceptionally well run community with excellent financials. Residents have the option of joining the Miles Grant golf club (just across the street)

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.

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.

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

As of October, 2015 HOA fees were $160 per month.

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River Pines Court 9 Townhouse Stuart FL Just Listed

Stuart FL 34997 Condo Market Report December 2016

01.19.17 by Gabe Sanders

Stuart FL 34997 Condo Market Report December 2016

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2016

For December 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 83 active condo listings (Increased by 10 condos from November).

Stuart FL 34997 Condo Market Report December 2016

29 Condo sales are pending and awaiting close or lender approval (Up by 9 condos from November).

Stuart FL 34997 Condo Market Report December 2016

11 Condos Sold in December (Increased by 3 condos from November).

Stuart FL 34997 Condo Market Report December 2016

The Stuart FL condo market for zip code 34997 showed continued improvement from last month and is trending towards a more robust real estate market.

The absorption rate dropped to 7.5 months in December from 9.1 months for November. Continuing as a buyers’ market for the 34997 zip code of Stuart FL, though tending in the right direction. 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 2015 numbers were: 63 active listings, 19 pending sales and 21 closed sales. Better sales numbers from last year, though the pending listings this year look promising.