Stuart Florida 34994 Residential Market Report January 2019

Stuart Florida 34994 Residential Market Report January 2019

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

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

There are currently 91 active listings (Up by 15 homes from December)

Stuart Florida 34994 Residential Market Report January 2019

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

Stuart Florida 34994 Residential Market Report January 2019

8 Homes Sold in May (Decreased by 5 homes from December)

Stuart Florida 34994 Residential Market Report January 2019

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had an increase in both inventory and pending sales.  Unfortunately, closed sales were off for the month.

The one-month absorption rate for the 34994 zip code for December jumped up to 11.8 months from 5.8 months for December.  Returning to a buyer’s market for the 34994 zip code area of Stuart, FL after one month in a seller’s market.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The January 2018 numbers were 86 Active Listings, 38 pending sales, and 11 closed sales.  Better activity last year.

Stuart Florida 34994 Residential Market Report January 2019

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Stuart Florida 34994 Residential Real Estate Market Report January 2019

Foxwood Stuart FL February 2019 Market Update

Foxwood Stuart FL February 2019 Market Update

As of February 2019, there are 2 homes on the market in the Foxwood equestrian community in Stuart, FL.  List prices are $449,000 and $625,000.  This is an average list price of $537,000 or $152.31 per sq. ft. of living area.

There are no homes under contract at this time.

In the past 12 months, there were a total of 6 sales in this sought after Stuart community.  Sales prices ranged from $350,000 up to $600,000 for an average sales price of $472,583 which equals $182.58 per sq. ft. of living area.  These sales averaged a sales price of 94% of the last list price and took an average of 79 days on the market before going under contract.

About Foxwood in Stuart FL:

Foxwood Equestrian in Stuart FL

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 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.

Foxwood Equestrian in Stuart FL

Association fees are a very reasonable $35 per month.  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 website: Foxwood Property Association of Stuart Florida

Foxwood Equestrian in Stuart FL

Construction of homes in Foxwood began in 1978.  Four phases 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 Equestrian in Stuart FL

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.

Currently Available Homes in Foxwood

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Stuart Florida Real Estate

Residential Homes, Condos and Land with special emphasis on Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Foxwood Stuart FL February 2019 Market Update

Stuart FL 34997 Condo Market Report December 2018

Stuart FL 34997 Condo Market Report December 2018

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

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

There are currently 49 active condo listings (Up by 5 condos from November).

Stuart FL 34997 Condo Market Report December 2018

8 Condo sales are pending and awaiting close (Down by 14 condos from November).

Stuart FL 34997 Condo Market Report December 2018

19 Condos Sold in December (Up by 11 condos from November).

Stuart FL 34997 Condo Market Report December 2018

      The Stuart FL condo market for zip code 34997 reaminsinventory challenged but had a good number of closed sales.  Pending sales took an unexpected drop and may affect closed sales in the coming months.

     The absorption rate rose to 2.6 months in December compared to 5.5 months for November.  Remaining in an extreme seller’s market at this time 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 December 2017 numbers were: 57 active listings, 17 pending sales, and 19 closed sales.  The same number of closed sales when compared to last year on a reduced inventory, but a greatly reduced number of pending sales.

Stuart FL 34997 Condo Market Report December 2018

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Stuart FL 34997 Condo Market Report December 2018

 

 

The Florida Club January 2019 Market Report

The Florida Club January 2019 Market Report

Stuart, Florida

As of January 2019, there are 5 Florida Club homes for sale.  List prices range from $299,000 up to $459,900 for an average list price of $394,580 which works out to $198.92 per sq. ft. of living area.

There are 4 homes under contract awaiting closing.  List prices ranged from $269,900 up to $494,500.  This equals an average list price of $353,325 which works out to $196.47 per sq. ft. of living area.  These homes averaged 65 days on the market before going under contract.

In the past 12 months, 29 homes have sold in the Florida Club with sales prices ranging from $255,000 up to $476,900 for an average sales price of $341,009 which equals $179.44 per square foot of living area.  The average days on market before going under contract was 49 days with a 97% list to sales price ratio.

About the Florida Club:

The Florida Club in Stuart

Conveniently located at the gateway to Stuart, Florida and Martin County, the Florida Club is a DiVosta built golf club community located off Kanner Highway and within minutes of I-95. This non-equity golf club community consists of 433 homes.  113 homes in the estate’s section of the Florida Club featuring larger lots and spacious estate sized homes.  Many with both lake or golf course views and a few with both.  The remaining Florida Club homes feature either single family or attached one-story villas, many also with golf course and/or lake views.  Residents of the Florida Club can enjoy daily golf or if they wish can forgo being a member and just enjoy the benefits of living in a wonderful gated community without the expense of golf club membership.  Additionally, for those wishing to play only occasional (or just seasonal) golf, the Florida Club is open for non-members.

the Florida Club January 2019 Market Report

Perfect for anyone who wants the convenience of easy access to I-95 with Palm Beach, Fort Lauderdale and Miami, just a quick trip to the south and Orlando to the north. Yet still only minutes to the wonderful Atlantic Beaches of both Stuart or Hobe Sound and Jupiter Island.

The Florida Club in Stuart

The Martin County location ensures low property taxes and ‘A’ rated school system. Enjoy the Florida sunshine and all that this friendly neighborhood has to offer.

the Florida Club January 2019 Market Report

The monthly homeowners association fees are $230.00 to $260.00 depending on the section the home is located in.  There is also a one time capito; contribution of $600.00 charged for all home buyers.  For more information about golf at the Florida Club January 2019 Market Report please visit their website: Florida Club Web Site.

The Florida Club in Stuart

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The Florida Club January 2019 Market Report

 

Summerfield Real Estate Market Report January 2019

Summerfield Real Estate Market Report January 2019

As of January 2019, there are 4 homes on the market in Summerfield ranging in listing price from $329,900 up to $475,000.  This is an average list price of $410,975 which equals $188.42 per square foot of living area.

There are 2 homes under contract (pending) awaiting their closing. Listing prices were $424,000 and $449,000.  This equals an average list price of $436,500 which is $203.23 per square foot of living area. These homes averaged 21 days on the market prior to receiving an accepted offer.

In the past 12 months, 24 Summerfield homes have sold.  Sales prices ranged from $270,000 up to $710,000.   This works out to an average sales price of $383,829 which equals $191.83 per square foot of living area.  These homes averaged 48 days on the market before going under contract and the average list to sales price ratio was 97%.

About Summerfield the Home of the Champions Golf Club:

Summerfield in Stuart Florida

Summerfield is located on over 275 acres and hosts a little over 500 single family homes adjoining the Champions Golf Course.  Selected as one of the top 10 Golf Courses he nation by Golf Magazine in 1995, it is the first public golf course awarded the Audubon Signature Sanctuary Statuary because of its natural beauty.  This Tom Fazio designed course is open to the public with very reasonable membership fees.  Visit the Champions Course website for more information at http://www.thechampionsgolfclub.com/

the Champions Club at Summerfield

The residential section is known as Summerfield and is a secured gated community with homes ranging in size from smaller 2 bedroom coach homes of around 1500 square feet up to 5 bedroom estate homes boasting over 3,000 square feet of living area.

Summerfield in Stuart Florida

Summerfield boasts an exceptionally large community pool and clubhouse with dining and entertainment facilities, fitness center and a professional 6 court Tennis club.  All of these amenities are available at the very reasonable HOA fee of $130.00 a month, along with the convenience of on-site manager to handle any issues that may arise.

the Champions Club at Summerfield

Very conveniently located near US-1 and Cove Rd, residents can enjoy close proximity to shopping, medical facilities with downtown Stuart only minutes away and only 30 minutes to the Palm Beaches.  Easy access to I-95 where travel to Orlando or Miami is only 2 hours by car.

Summerfield in Stuart Florida

The following homes are currently available for sale in Summerfield:

Summerfield Homes for Sale

Stuart Florida Real Estate

Summerfield Real Estate Market Report January 2019