Stuart FL 34997 Residential Market Report April 2018

Stuart FL 34997 Residential Market Report April 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for April 2018

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

There are currently 276 active listings (Decreased by 21 homes from March).

Stuart FL 34997 Residential Market Report April 2018

166 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from March).

Stuart FL 34997 Residential Market Report April 2018

84 Homes Sold in April (Decreased by 8 homes from March)

Stuart FL 34997 Residential Market Report April 2018

      The Stuart Florida Residential Market for ZIP Code 34997 remains very active.  There is strong sales and pending activity.  The decrease in inventory is troubling for the future of the market with the potential for much higher prices potentially pricing many out of this market.
     The absorption rate was almost unchanged at 3.3 months (was 3.2 months for March).  Remaing in a very strong seller’s market for the 34997 zip code area of Stuart for April 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2017 numbers for April, were: 330 active listings, 177 pending listings, and 80 closed sales. There’s considerably less inventory of available homes for sale this year.  The sales activity remains very strong even compared to last year.
Stuart FL 34997 Residential Market Report April 2018

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Stuart FL 34997 Residential Market Report April 2018

 

Stuart FL 34996 Residential Market Report April 2018

Stuart FL 34996 Residential Market Report April 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for April 2018

For April 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 128 active listings (Decreased by 5 homes from March).

Stuart FL 34996 Residential Market Report April 2018

46 Residential sales are pending and awaiting close or lender approval (Down by 2 homes from March).

Stuart FL 34996 Residential Market Report April 2018

28 Homes Sold in April (Down by 1 homes from March).

Stuart FL 34996 Residential Market Report April 2018

The 34996 zip code area of the Stuart Florida residential real estate market continued the strong activity from March.  The low inventory of available homes for sale may be an issue for the coming months.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for April remained unchanged from March at 4.6 months.  Remaining as a seller’s market for the 34996 zip code area of Stuart FL.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for April 2017 were: 163 active listings, 49 pending sales, and 21 closed sales.  Better closed activity this year and similar pending activity.  All with a considerably smaller inventory of homes for sale.

Stuart FL 34996 Residential Market Report April 2018

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Stuart FL 34996 Residential Market Report April 2018

Lost River Plantation April 2018 Market Report

Lost River Plantation April 2018 Market Report

As of April 2018, there are 6 available homes for sale in the Lost River Plantation community of Stuart, FL.  Prices range from $499,315 up to $750,000 for an average price of  $575,536 which equals $205.74 per sq. ft. of living area.

There is 1 home currently under contract in the Lost River Plantation Community.  This home was listed for $785,000 or $265.83 per sq. ft. of living area. This home was listed for 6 days prior to going under contract.

In the past 12 months, there have been 8 sales ranging in sales prices from $555,000 to $819,000 for an average sales price of $678,313 which works out to $224.60 per sq. ft. of living area.  Sales prices averaged 96% of the last list price and these homes were on the market for an average of 103 days prior to accepting these offers.

 About Lost River Plantation in Stuart FL:

Lost River Plantation in Stuart Florida

Lost River Plantation in Stuart, Florida consists of 111 homes all with private docks and Ocean access via the South Fork of the Saint Lucie River.  All, but just a handful of the homes have waterfront and dockage located in the backyard.  Suitable for deep-draft ocean-going vessels with some docks able to accommodate over 50’ vessels.  All homes are of newer construction (from 2004 to the present).  There are a limited number of new homes not on the MLS available now or to be built, please call us for details.

Lost River Plantation in Stuart FloridaLost River Plantation in Stuart Florida

This is a spectacular waterfront community with very private and protected waterfront areas.  There is a community marina with a clubhouse that offers a fitness center, kitchen, and social rooms.  For those wishing to commute to points north or south, Lost River is very conveniently located near the Interstate for easy access.  Yet, it’s only 10 to 20 minutes’ drive to the pristine beaches and quaint downtown areas of Stuart, Florida.  Also close to shopping, restaurants as well as medical facilities.  Lost River Plantation is a tremendous opportunity for newer waterfront construction.  A rare gem in this real estate market!

Lost River Plantation in Stuart Florida

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Lost River Plantation April 2018 Market Report

 

Stuart FL 34997 Residential Market Report March 2018

Stuart FL 34997 Residential Market Report March 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for March 2018

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

There are currently 297 active listings (Decreased by 10 homes from February).

Stuart FL 34997 Residential Market Report March 2018

164 Residential sales are pending and awaiting close or lender approval (Increased by 9 homes from February).

Stuart FL 34997 Residential Market Report March 2018

92 Homes Sold in March (Increased by 27 homes from February)

Stuart FL 34997 Residential Market Report March 2018

      The Stuart Florida Residential Market for ZIP Code 34997 continues to show very strong sale activity.
     The absorption rate decreased to 3.2 months (was 4.7 months for February).  Into an even stronger seller’s market for the 34997 zip code area of Stuart for March 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2017 numbers for March, were: 332 active listings, 189 pending listings, and 94 closed sales.  Slightly greater activity last year but with a greater inventory of available homes for sale.
Stuart FL 34997 Residential Market Report March 2018

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

Stuart FL 34997 Residential Market Report March 2018

 

Stuart FL 34996 Residential Market Report March 2018

Stuart FL 34996 Residential Market Report March 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for March 2018

For March 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 133 active listings (Increased by 3 homes from February).

Stuart FL 34996 Residential Market Report March 2018

48 Residential sales are pending and awaiting close or lender approval (Down by 8 homes from February).

Stuart FL 34996 Residential Market Report March 2018

29 Homes Sold in March (Up by 15 homes from February).

Stuart FL 34996 Residential Market Report March 2018

The 34996 zip code area of the Stuart Florida residential real estate market had a very strong increase in sales from last month though the pending sales numbers could be stronger.  We also could use a bit more inventory.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for March decreased slightly to 4.6 months as compared to February’s 9.3 months.  Once again, back into a seller’s market for the 34996 zip code area of Stuart FL.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for March of 2017 were: 167 active listings, 58 pending sales, and 36 closed sales.  Better activity in March of 2017 but with a larger available number of homes for sale.

Stuart FL 34996 Residential Market Report March 2018

Are you interested in the value of your Stuart FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

 Search here for real estate in the 34996 Zip Code of Stuart FL

Stuart Florida Real Estate presented by:

Gabe Sanders – Stuart Florida Real Estate

Stuart FL 34996 Residential Market Report March 2018