Stuart FL 34997 Condo Market Report April 2017

05.16.17 by Gabe Sanders

Stuart FL 34997 Condo Market Report April 2017

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

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

There are currently 70 active condo listings (Decreased by 5 condos from March).

44 Condo sales are pending and awaiting close or lender approval (Unchanged from March).

Stuart FL 34997 Condo Market Report April 2017

5 Condos Sold in April (Decreased by 13 condos from March).

Stuart FL 34997 Condo Market Report April 2017

The Stuart FL condo market for zip code 34997 showed a large (and unexpectd0 decrease in closed sales for the month. Pending sales remain strong, so this may just be a one month anomaly.

The absorption rate jumped to 14 months in April from 4.2 months for March. A big shift 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 April 2016 numbers were: 71 active listings, 39 pending sales and 16 closed sales. A very unexpected decrease in closed sales when compared to last year.

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

May 2017 Market Report for Legacy Cove in Stuart Florida

05.15.17 by Gabe Sanders

May 2017 Market Report for Legacy Cove in Stuart Florida

There are currently 3 homes for sale in Legacy Cove in Stuart, FL. Listing prices range from $389,900 to $439,000 for an average listing price of $411,297 or a price per square foot of living area of $174.24.

There is one home currently under contract awaiting settlement. The list price is $404,900 or $157.12 per sq. ft. of living area. This home was on the market for 23 days prior to going under contract.

In the past 12 months, 16 homes have sold in Legacy Cove with sales prices ranging from $288,000 to $465,000 for an average sales price of $349,590 or $160.62 per sq. ft. of living area. These sales averaged 97% of list price and went under contract in an average of 55 days after going on the market.

Legacy Cove in Stuart Florida is a gated lakeside community of 229 homes off of Cove Road in Stuart, Florida. Legacy Cove consists of two sections. The first section of 142 homes called the Cove Isle development was mostly completed between 2004 and 2005. The newer section, called the Cove Lakes development consists of 87 home sites with construction that began in 2007. Some homes are yet to be completed in Cove lakes.

There’s a wide variety of homes in Legacy Cove, ranging for the smallest, a 3 bedroom, 2 bathroom, 2 car garage with a little under 1,600 square feet of living area to 4, possible 5 bedroom, 3 and a 1/2 bathroom, 3 car garage two story homes with almost 4,000 square feet of living area. And many sizes in between.

Legacy Cove boasts a community pool and club house with a fitness center as well as two hard surfaced tennis courts. Many homes in Legacy Cove in Stuart Florida have serene lake views and a comfortable private feeling. Located just minutes from I-95, this is a great location for those wishing to take advantage of Martin County’s amenities while still having an easy commute to work either north or south.

Legacy Cove is in an ‘A’ Martin County school system with children currently attending Pinewood elementary school, Dr. David L Anderson middle school and Martin County high school.

The HOA fees are very reasonable at $688.00 per quarter. Management of the community is through Bristol Management of Stuart.

Residents of Legacy Cove in Stuart Florida enjoy a relaxing life style with easy access to restaurants, shopping and the many waterways, beaches and public parks that Martin County has to offer.

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For any questions you may have about Locks landing, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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May 2017 Market Report for Legacy Cove in Stuart Florida

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

05.11.17 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

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

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

There are currently 69 active listings (Unchanged from March)

33 Residential sales are pending and awaiting close or lender approval (Decreased by 1 homes from last month).

12 Homes Sold in March (Down by 3 homes from March)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida retreated a bit with both pending sales and closed sales decreasing for the month of April.

The one month absorption rate for the 34994 zip code for April increased to 5.8 months from 4.6 months for March. Once again approaching 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 April 2016 numbers were 65 Active Listings, 49 pending sales and 10 closed sales. Considerably better pending sales activity last year with a slightly higher closed sales activity for this year.

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Stuart Florida Market Report ZIP Code 34994 Residential April 2017

River Pines Court 9 Townhouse Stuart FL Just Sold

05.08.17 by Gabe Sanders

River Pines Court 9 Townhouse Stuart FL Just Sold

6194 SE Riverboat Drive in River Pines, Stuart, FL has just been sold by the Gabe Sanders of Real Estate of Florida. The list price for this spacious and furnished townhouse is $157,900. For sales information, please call me at (772) 888-2885

A wonderful light and bright townhome in the much sought after River Pines community of Stuart, FL. This is a spacious 2 bedroom, 2 and ½ bathroom townhouse that has been updated and meticulously maintained. This townhome is being offered fully furnished.

All ages welcome and 2 medium pets permitted. 2 reserved parking spots with additional guest parking. 2 Community pools, tennis courts and racquetball/handball courts. Exceptionally well run community with excellent financials. Residents have the option of joining the Miles Grant golf club (just across the street)

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.

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.

A very well run community with excellent financials. Residents have the option of joining the Miles Grant golf club (just across the street).

As of October, 2015 HOA fees were $160 per month.

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River Pines Court 9 Townhouse Stuart FL Just Sold

May 2017 Market Report for River Pines in Stuart FL

05.06.17 by Gabe Sanders

May 2017 Market Report for River Pines in Stuart FL

As of May 2017, there are 6 active listings for River Pines townhomes for sale in Stuart, FL. Prices range from a low of $145,000 up to $170,000 which equals to an average list price of $157,983 or $110.86 per sq. ft. of living area.

There are 7 River Pines town homes under contract awaiting sale. List prices are from $136,000 to $165,000 for an average list price of $149,986 or $116.45 per sq. ft. of living area. These properties averaged 100 days on the market prior to going under contract.

In the past 12 months, 22 townhouses have sold in River Pines with sales prices ranging from$95,000 to $153,000 which equals to an average sales price of $139,141 or $107.25 per sq. ft. of living area. These townhomes have been on the market for an average of 67 days prior to going under contract and sold for 98% of the last list price.

A very well run community with excellent financials. Residents have the option of joining the Miles Grant golf club (just across the street).

As of May, 2014 HOA fees were $160 per month.

Search for all River Pines Town Homes in Stuart, FL

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May 2017 Market Report for River Pines in Stuart FL

Stuart FL 34997 Condo Market Report March 2017

04.17.17 by Gabe Sanders

Stuart FL 34997 Condo Market Report March 2017

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

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

There are currently 75 active condo listings (Decreased by 5 condos from February).

Stuart FL 34997 Condo Market Report March 2017

44 Condo sales are pending and awaiting close or lender approval (Up by 12 condos from February).

Stuart FL 34997 Condo Market Report March 2017

18 Condos Sold in March (Decreased by 4 condos from February).

Stuart FL 34997 Condo Market Report March 2017

The Stuart FL condo market for zip code 34997 was the only segment of the Stuart market with a slightly lower volume of closed sales, but this market remains quite active and looks to continue as a strong market for the rest of this spring.

The absorption rate rose to 4.2 months in March from 3.4 months for February. Still a 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 March 2016 numbers were: 75 active listings, 38 pending sales and 21 closed sales. The only segment of the Stuart market with weaker closed sales than last year, but still strong activity and a good market.