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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Stuart Florida 34994 Residential Real Estate Market Report February 2019

Kingswood Condo February 2019 Market Report

Kingswood Condo February 2019 Market Report

February 2019 Market Report:

There are 5 condos currently for sale in the Kingswood condo community of Stuart FL.  Listing prices are from $90,000 up to $145,000.  This is an average list price of $108,400 which equals $96.61 per sq. ft. of living area.

There are currently 6 condos under contract with list prices ranging from $75,000 up to $155,000.  This works out to an average list price for these pending sales of $119,967 or $109.57 per sq. ft. of living area.  These condos averaged 19 days on the market before going under contract.

30 condos have sold in the past 12 months.  Sales prices ranged from $65,000 up to $147,500.  The average sales price was $106,287 which works out to $95.23 per sq. ft. of living area.  These condos averaged 105 days on market before going under contract and with sales prices at 95% of list price.

About Kingswood Condos in Stuart FL:

Kingswood Condos in Stuart FL

Kingswood Condos are located in the heart of Stuart and within walking distance of shopping, restaurants and medical facilities is the Kingswood Condominium complex of Stuart FL. Just a short ride out to the beaches or to historic downtown Stuart, this location is just difficult to beat.

Kingswood Condo February 2019 Market Report

Kingswood consists of 444 condominiums that were built from 1970 till 1995. There are various floor plans and sizes ranging from 2 Bedroom, 2 Bathroom condos with 1,236 sq. ft. of living area down to 1 Bedroom, 1 bathroom condos with 691 sq. ft. of living area.

Kingswood Condo in Stuart FL

Most of Kingswood’s buildings are two stories with condos on each floor, though there are three newer 4 story elevator buildings with some units offering views f the Saint Lucie River. There are three community pools in Kingswood.

Kingswood Condo in Stuart FL Kingswood Condo in Stuart FL

HOA fees vary from size and location of the unit and are currently from just over $200 per month up to $360 per month. These fees cover the recreation area, building insurance, water, sewer, trash and pest control as well as basic cable TV.

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Kingswood Condos for Sale

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Kingswood Condo February 2019 Market Report

Stuart FL 34997 Condo Market Report January 2019

Stuart FL 34997 Condo Market Report January 2019

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

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

There are currently 60 active condo listings (Up by 11 condos from December).

Stuart FL 34997 Condo Market Report January 2019

19 Condo sales are pending and awaiting close (Up by 11 condos from December).

Stuart FL 34997 Condo Market Report January 2019

5 Condos Sold in January (Down by 14 condos from December).

Stuart FL 34997 Condo Market Report January 2019

      The Stuart FL condo market for zip code 34997 had a needed increase in inventory but sales dropped off significantly Pending sales improved which should help closed sales in the coming months.

     The absorption rate rose to 12 months in January compared to 2.6 months for December.  Transitioning into a buyer’s market for the first time in some time 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 January 2017 numbers were: 56 active listings, 35 pending sales, and 8 closed sales.  Better activity in the 34997 zip code section of Stuart condos last year.

Stuart FL 34997 Condo Market Report January 2019

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34997 Condo Market Report January 2019

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VilaBella Town-Home Condos in Stuart FL February 2019 Market Report

VilaBella Town-Home Condos in Stuart FL February 2019 Market Report


For February 2019, there is 1 townhome for sale in VilaBella.  The list price is $175,000 or $163.25 per sq. ft. of living area.

There are no pending sales currently in Vilabella

In the past 12 months, 5 townhomes have sold with sales prices ranging from $169,500 up to $201,000 with an average sales price of $181,260 which equals $135.81 per sq. ft. of living area.  These sales averaged 49 days on market before going under contract and sold at 98% of list price.

 

About Vilabella in Stuart FL:

VilaBella Central Parkway Condos in Stuart, Florida

Entrance to VilaBella Town-Home Condos

 Officially known as Vilabella Central Park Condos in Stuart FL this community is made up of 112 attached townhome style condos that were built in 2006.  These homes range in size from 3 Bedroom, 3 Bath (two-level) units with 1,607 sq. ft. of living area down to 2 Bedroom, 2 Bath townhomes with 1,072 sq. ft. of living area.  All Vilabella townhomes come with a single car garage.  There is also a community pool for the residents’ enjoyment.

VilaBella Town Home Condos in Stuart, FloridaVilabella townhomes are very conveniently located off SE Central Parkway with easy access to Kanner Highway as well as US-1.  Very easy access to shopping, restaurants and downtown Stuart.  Also, an excellent location for those wishing to access I-95 and commute to points both North and South.

VilaBella Town Home Condos in Stuart, Florida2 large pets are permitted.  The HOA fees vary from $295.00 to $316.00 a month depending on the size and location of the unit.  Since these units are deeded as condos, these fees cover insurance and exterior maintenance as well as common area fees, management, cable TV, pest control, recreational facilities, etc.

Search here for Vilabella Townhomes for Sale

VilaBella Town-Home Condos in Stuart FL February 2019 Market Report

 

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