Stuart FL 34997 Condo Market Report August 2017

09.21.17 by Gabe Sanders

Stuart FL 34997 Condo Market Report August 2017

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

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

There are currently 44 active condo listings (Decreased by 17 condos from July).

23 Condo sales are pending and awaiting close or lender approval (Decreased by 9 condos from July).

Stuart FL 34997 Condo Market Report August 2017

17 Condos Sold in August (Decreased by 8 condos from July).

Stuart FL 34997 Condo Market Report August 2017

The Stuart FL condo market for zip code 34997 continues to show very strong activity but also shows a troubling decrease in available condos for sale.

The absorption rate inched down to 2.6 months in August compared to 2.4 months for July. Still in a very strong 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 August 2016 numbers were: 65 active listings, 28 pending sales, and 12 closed sales. Better closed sales this year but a decrease in inventory and pending sales.

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

Stuart Florida 34994 Residential Real Estate Market Report August 2017

09.14.17 by Gabe Sanders

Stuart Florida 34994 Residential Real Estate Market Report August 2017

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

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

There are currently 77 active listings (Increased by 2 homes from July)

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

16 Homes Sold in July (Increased by 4 homes from July)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had strong activity for August with strong sales activity.

The one month absorption rate for the 34994 zip code for August dropped to 4.8 months from 6.25 months for July. Bringing the 34994 zip code area of Stuart, FL back into a sellers’ market. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The August 2016 numbers were 64 Active Listings, 25 pending sales, and 13 closed sales. Better sales and pending activity this year with a little larger inventory.

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Stuart Florida 34994 Residential Real Estate Market Report August 2017

Foxwood Stuart FL August 2017 Market Update

08.29.17 by Gabe Sanders

Foxwood Stuart FL August 2017 Market Update

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

There are also no homes under contract at this time.

In the past 12 months there were 6 sales in this sought after Stuart community. Sales prices ranged from $300,000 to $445,000 for an average of $387,483 which equals $150.54 per sq. ft. of living area. These sales averaged a sales price of 97% of the last list price and took an average of 86 days on the market before going under contract.

About Foxwood 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 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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Stuart Florida Real Estate

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Foxwood Stuart FL August 2017 Market Update

Stuart FL 34997 Condo Market Report July 2017

08.18.17 by Gabe Sanders

Stuart FL 34997 Condo Market Report July 2017

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

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

There are currently 61 active condo listings (Increased by 11 condos from June).

Stuart FL 34997 Condo Market Report July 2017

32 Condo sales are pending and awaiting close or lender approval (Decreased by 1 condos from June).

Stuart FL 34997 Condo Market Report July 2017

25 Condos Sold in July (Increased by 18 condos from June).

Stuart FL 34997 Condo Market Report July 2017

The Stuart FL condo market for zip code 34997 returned to a very strong market activity after a very strange month in June.

The absorption rate plunged to 2.4 months in July compared to 7.1 months for June. Back into a very strong 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 July 2016 numbers were: 73 active listings, 25 pending sales, and 10 closed sales. Considerably stronger activity this year on a reduced inventory of condos available for sale.