Kingswood Condo August 2017 Market Report

August 2017 Market Report:

There are 12 condos currently for sale in the Kingswood condo community of Stuart FL. Listing prices are from $89,900 up to $100,000 for an average list price of $96,350 which equals $87.13 per sq. ft. of living area.

There are currently 3 condos under contract with list prices from $68,000 up to $89,900 for an average list price for these pending sales of $78,300 or $79.67 per sq. ft. of living area. These two condos averaged 38 days on the market before going under contract.

25 condos have sold in the past 12 months. Ranging in sales price from $55,000 up to $104,000. The average sales price was $81,336 which works out to $74.23 per sq. ft. of living area. These condos sold on average of 81 days on market before going under contract and with sales prices at 94% of list price.

About 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 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.

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.

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 Condo August 2017 Market Report

Stuart Florida 34994 Residential Real Estate Market Report July 2017

08.12.17 by Gabe Sanders

Stuart Florida 34994 Residential Real Estate Market Report July 2017

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

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

There are currently 75 active listings (Increased by 3 homes from June)

29 Residential sales are pending and awaiting close or lender approval (Decreased by 5 homes from last month).

12 Homes Sold in June (Down by 4 homes from June)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida remains active but at a slower rate as we head into the summer season.

The one month absorption rate for the 34994 zip code for July increased to 6.25 months from 5.5 months for June. Bringing the 34994 zip code area of Stuart, FL back into a balanced market. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The July 2016 numbers were 70 Active Listings, 34 pending sales, and 18 closed sales. Better sales and pending activity last year with a little larger inventory.

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Stuart, FL Real Estate

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Stuart Florida 34994 Residential Real Estate Market Report July 2017

VilaBella Town-Home Condos in Stuart FL August 2017 Market Report

08.03.17 by Gabe Sanders

VilaBella Town-Home Condos in Stuart FL August 2017 Market Report

In August of 2017 there is only 1 townhome for sale in VilaBella. This home is listed for $191,900 which is $119.42 per sq. ft. of living area.

There are two pending sales currently in Vilabella. List prices were $166,900 and $169,000 for an average of $167,950 which equals $129.32 per sq. ft. of living area. These two townhomes averaged 23 days on market prior to going under contract.

In the past 12 months, 5 homes have sold with sales prices ranging from $153,000 up to $184,000 with an average sales price of $172,200 which equals $120.41 per sq. ft. of living area. These sales averaged 41 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

These new condominiums located in Stuart are just minutes from it all! Located on Central Parkway connecting the two main roads of Kanner Highway and US-1, VilaBella allows residents easy access to all Stuart has to offer but also keeps residents in a peaceful secluded haven. Modern and pet friendly condominiums feature stainless steel appliances with granite counter tops in the kitchen and in the bathrooms. All units have one car garages and terraces with beautiful views of this well landscaped gated community. Hurricane shutters are included with all units. Residents can enjoy a spacious club house with picnic areas and a community swimming pool. VilaBella is close to great schools, downtown Stuart and the gorgeous Stuart beaches!

VilaBella Town Home Condos

Community Pool in VilaBella Town Home Condos

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VilaBella Town-Home Condos in Stuart FL August 2017 Market Report

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Summerfield Real Estate Market Report July 2017

07.22.17 by Gabe Sanders

Summerfield Real Estate Market Report July 2017

As of July 2017, there are 4 homes on the market in Summerfield ranging in listing price from $317,500 up to $362,000 for an average list price of $343,563 which equals $178.29 per square foot of living area.

There are 4 homes under contract (pending) awaiting their closing. Listing prices are from $299,900 up to $379,990 for an average list price of $338,095 which equates to $163.82 per square foot of living area. These homes averaged 74 days on the market prior to receiving an accepted offer.

In the past 12 months, 34 homes have sold. Sales prices ranged from $296,000 to $395,000 for an average sales price of $352,545 which equals $176.71 per square foot of living area. The average days on market for these sales was 56 days and the average list to sales price was at 97%.

About Summerfield Home of the Champions Golf Club:

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 web site for more information at http://www.thechampionsgolfclub.com/

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 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 available at very reasonable HOA fees, along with the convenience of on-site manager to handle any issues that may arise.

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.

The following homes are currently available for sale in Summerfield:

Summerfield Homes for Sale

Stuart Florida Real Estate

Summerfield Real Estate Market Report July 2017

The Florida Club July 2017 Market Report

07.19.17 by Gabe Sanders

The Florida Club July 2017 Market Report

Stuart, Florida

As of July 2017, there are 6 Florida Club homes for sale. List prices range from $264,900 up to $449,000 for an average list price of $377,869 which works out to $183.55 per sq. ft. of living area.

There are 4 homes under contract awaiting the completion of their sales. List prices ranged from $364,900 to $524,900 for an average list price of $433,425 or $183.31 per sq. ft of living area. These homes averaged 49 days on the market before going under contract.

In the past 12 months, 36 homes have sold in the Florida Club with sales prices ranging from $237,500 to $482,000 for an average sales price of $342,447 which equals $167.11 per square foot of living area. The average days on market was 99 days with a 97% list to sales price ratio.

About the Florida Club:

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 estates 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 the 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.

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 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.

For more information about golf at the Florida Club July 2017 Market Report please visit their web site: Florida Club Web Site and watch their welcome video below:

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The Florida Club July 2017 Market Report

Stuart FL 34997 Condo Market Report June 2017

07.18.17 by Gabe Sanders

Stuart FL 34997 Condo Market Report June 2017

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

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

There are currently 50 active condo listings (Decreased by 11 condos from May).

Stuart FL 34997 Condo Market Report June 2017

33 Condo sales are pending and awaiting close or lender approval (Increased by 11 condos from May).

Stuart FL 34997 Condo Market Report June 2017

7 Condos Sold in June (Decreased by 30 condos from May).

Stuart FL 34997 Condo Market Report June 2017

The Stuart FL condo market for zip code 34997 is showing some strange numbers with sales dropping significantly from last month (which was an abnormally strong month). Pending sales remain strong but inventory is dropping to troubling levels.

The absorption rate plunged to 7.1 months in June compared to 1.6 months for May. Back into a buyers’ 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 June 2016 numbers were: 74 active listings, 27 pending sales, and 24 closed sales. Considerably stronger closed sales last year while we have a little better pending sales numbers for this year. Though, a troubling decrease in available condos for sale.

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

Stuart Florida Market Report ZIP Code 34994 Residential June 2017

07.11.17 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential June 2017

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

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

There are currently 72 active listings (Increased by 1 homes from May)

34 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from last month).

16 Homes Sold in May (Up by 3 homes from May)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues into summer with solid market activity.

The one month absorption rate for the 34994 zip code for June increased to 5.5 months from 4.4 months for May. Making a movement closer to a balanced 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 June 2016 numbers were 70 Active Listings, 33 pending sales and 17 closed sales. Better closed activity last year though the current pending numbers may show better upcoming closed sales for this year.

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Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team