River Pines Townhouses May 2019 Market Report

River Pines Townhouses May 2019 Market Report

For May 2019, there are 3 active listings of River Pines townhouses for sale in Stuart, FL.  Prices range from a low of $167,900 up to 185,000.  This is an average list price of $173,967 or $135.07 per sq. ft. of living area.

There are 4 River Pines townhouses under contract and awaiting sale.  The list prices ranged from $164,900 up to $175,000.  This is an average list price of $170,950 which is $132.73 per sq. ft. of living area.  These homes were on the market for an average of 20 days prior to going under contract.

In the past 12 months, 23 townhouses have sold in River Pines with sales prices ranging from $120,500 up to $195,000.  This works out to an average sales price of $162,374 which equals $126.07 per sq. ft. of living area.  These townhomes were on the market for an average of 40 days prior to going under contract and sold for an average of 97% of 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 2019, HOA fees were $167 per month.

River Pines in Stuart FL

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River Pines Townhouses May 2019 Market Report

Stuart FL 34997 Condo Market Report March 2019

Stuart FL 34997 Condo Market Report March 2019

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2019

For March 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 58 active condo listings (Down by 7 condos from February).

Stuart FL 34997 Condo Market Report March 2019

34 Condo sales are pending and awaiting close (Up by 17 condos from February).

Stuart FL 34997 Condo Market Report March 2019

15 Condos Sold in March (Up by 5 condos from February).

Stuart FL 34997 Condo Market Report March 2019

      The Stuart FL condo market for zip code 34997 came back strong for March after a few months of weaker activity.

     The absorption rate plunged to 3.9 months in March compared to 6.5 months for February.  Transitioning into a very strong seller’s market after one month as a balanced market and a previous month as a buyer’s market for condos in 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 2018 numbers were: 56 active listings, 23 pending sales, and 22 closed sales.  Stronger closed sales volume last year while we had better ending numbers this year.

Stuart FL 34997 Condo Market Report March 2019

Stuart Florida Real Estate presented by:
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Stuart FL 34997 Condo Market Report March 2019

Stuart Florida 34994 Residential Market Report March 2019

Stuart Florida 34994 Residential Market Report March 2019

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

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

There are currently 90 active listings (Down by 3 homes from February)

Stuart Florida 34994 Residential Market Report March 2019

38 Residential sales are pending and awaiting close or lender approval (Increased by 3 homes from last month).

Stuart Florida 34994 Residential Market Report March 2019

19 Homes Sold in May (Increased by 5 homes from February)

Stuart Florida 34994 Residential Market Report March 2019

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida showed stronger activity when compared to last month along with a small drop in inventory.

The one-month absorption rate for the 34994 zip code for February dropped to 4.7 months from 6.6 months for February.  Transitioning back into a seller’s market t for the 34994 zip code area of Stuart, FL after one month as a balanced market and another 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 March 2018 numbers were 75 Active Listings, 34 pending sales, and 27 closed sales.  Stronger sales activity last year on less inventory.

Stuart Florida 34994 Residential Market Report March 2019

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Stuart Florida Real Estate presented by:
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Stuart Florida 34994 Residential Real Estate Market Report March 2019

Stuart FL 34997 Condo Market Report February 2019

Stuart FL 34997 Condo Market Report February 2019

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2019

For February 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 65 active condo listings (Up by 5 condos from January).

Stuart FL 34997 Condo Market Report February 2019

17 Condo sales are pending and awaiting close (Down by 2 condos from January).

Stuart FL 34997 Condo Market Report February 2019

10 Condos Sold in February (Up by 5 condos from January).

Stuart FL 34997 Condo Market Report February 2019

      The Stuart FL condo market for zip code 34997 rebounded from very weak sales activity last month.  Pending sales were off slightly and the inventory continues to rise.

     The absorption rate rose to 6.5 months in February compared to 12 months for January.  Transitioning into a balanced market after an unusual month as a buyer’s market for condos in 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 February 2018 numbers were: 54 active listings, 32 pending sales, and 17 closed sales.  There was much stronger activity last year with a smaller number of condos for sale.

Stuart FL 34997 Condo Market Report February 2019

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34997 Condo Market Report February 2019

Stuart Florida 34994 Residential Market Report February 2019

Stuart Florida 34994 Residential Market Report February 2019

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

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

There are currently 93 active listings (Up by 2 homes from January)

Stuart Florida 34994 Residential Market Report February 2019

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

Stuart Florida 34994 Residential Market Report February 2019

14 Homes Sold in May (Increased by 6 homes from January)

Stuart Florida 34994 Residential Market Report February 2019

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had increases in sales and pending sales as well as the number of homes available to purchase.

The one-month absorption rate for the 34994 zip code for January jumped up to 6.6 months from 11.8 months for January.  Transitioning into a balanced market t for the 34994 zip code area of Stuart, FL after one month as 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 February 2018 numbers were 81 Active Listings, 41 pending sales, and 13 closed sales.  Very similar activity when compared to last year but with a larger inventory of homes for sale this year.

Stuart Florida 34994 Residential Market Report February 2019

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Search here for Stuart Florida Real Estate for Sale

Stuart Florida Real Estate presented by:
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Stuart Florida 34994 Residential Real Estate Market Report February 2019