Stuart FL 34996 Residential Market Report December 2015

01.13.16 by

Stuart FL 34996 Residential Market Report December 2015

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2015

For December 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 170 active listings (Up by 23 homes from November).

Stuart FL 34996 Residential Market Report December 2015

24 Residential sales are pending and awaiting close or lender approval (Down by 10 homes from November).

Stuart FL 34996 Residential Market Report December 2015

12 Homes Sold in December (Increased by 6 homes from November).

Stuart FL 34996 Residential Market Report December 2015

The 34996 zip code area of the Stuart Florida residential real estate market is on a bit of a roller coaster as we regained all of the lost inventory from last month.  Sales also doubled from November, though there’s still plenty of room for improvement.

The one month absorption rate for the 34996 zip code area of Stuart Florida for December improved dramatically to 14.2 months as compared to November’s 23.8 months.  Still a buyers market for this section of Martin County, but much improved from last month.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for December of 2014 were: 176 active listings, 11 pending sales and 24 closed sales.  Considerably better sales activity last year, while future sales look better for next year with the better pending numbers.

Stuart FL 34996 Residential Market Report December 2015

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Stuart FL 34996 Residential Market Report December 2015

Stuart FL 34997 Residential Market Report November 2015

12.14.15 by

Stuart FL 34997 Residential Market Report November 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2015

 

There are currently 311 active listings (Increased by 3 homes from October).

Stuart FL 34997 Residential Market Report November 2015

164 Residential sales are pending and awaiting close or lender approval (Increased by 1 homes from October).

Stuart FL 34997 Residential Market Report November 2015

65 Homes Sold in November (Decreased by 1 homes from October)

Stuart FL 34997 Residential Market Report November 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues as the largest and the strongest segment of the Martin County single family real estate market.  We’ve had three months of increased inventory, and the sales activity seems to be absorbing all this product very strongly as we remain in a sellers market.
     The current one month absorption rate remained almost the same at 4.8  months (was 4.7 months for October).  Continuing as a sellers market for the 34997 segment of the Stuart residential market for all of the year.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for November, were: 346 active listings, 174 pending listings and 56 closed sales.  Better closed activity this year, though still not as much inventory as we had last year.
Stuart FL 34997 Residential Market Report November 2015

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Stuart FL 34997 Residential Market Report November 2015

 

Stuart FL 34996 Residential Market Report November 2015

12.12.15 by

Stuart FL 34996 Residential Market Report November 2015

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for November 2015

 

For November 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 143 active listings (Down by 18 homes from October).

Stuart FL 34996 Residential Market Report November 2015

34 Residential sales are pending and awaiting close or lender approval (Up by 17 homes from October).

Stuart FL 34996 Residential Market Report November 2015

6 Homes Sold in November (Decreased by 6 homes from October).

Stuart FL 34996 Residential Market Report November 2015

The 34996 zip code area of the Stuart Florida residential real estate market lost most of the increased inventory from last month.  Much of it appears to have gone under contract with the increase in the number of pending sales.  Unfortunately, closed sales were a bit disappointing.

The one month absorption rate for the 34996 zip code area of Stuart Florida for November continued to slide up to an atrocious 23.8 months as compared to October’s 13.4 months.  A very strong buyers market for this section of Martin County.  Though, with the big increase in pending sales, this may not be a very long lived phenomenon. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for November of 2014 were: 163 active listings, 31 pending sales and 16 closed sales.  Fewer closed sales this year, while having a grater number of pending sales with less inventory.

Stuart FL 34996 Residential Market Report November 2015

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Stuart FL 34996 Residential Market Report November 2015

Stuart FL 34997 Residential Market Report October 2015

11.14.15 by

Stuart FL 34997 Residential Market Report October 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2015

 

There are currently 308 active listings (Increased by 31 homes from September).

Stuart FL 34997 Residential Market Report October 2015

163 Residential sales are pending and awaiting close or lender approval (Increased by 11 homes from September).

Stuart FL 34997 Residential Market Report October 2015

66 Homes Sold in October (Decreased by 15 homes from September)

Stuart FL 34997 Residential Market Report October 2015

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest and has been the strongest segment of the Martin County single family real estate market.  Nice to see a couple of months of increased inventory.
     The current one month absorption rate increased to 4.7  months (was 3.4 months for September).  Most of this increase is due to the stronger inventory numbers and we still remain in a very strong seller’s market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for October, were: 368 active listings, 144 pending listings and 81 closed sales.  Considerably stronger closed activity last October, though the increased number of pending sales might hold promise for the next few months.
Stuart FL 34997 Residential Market Report October 2015

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Stuart FL 34997 Residential Market Report October 2015

 

Stuart FL 34996 Residential Market Report October 2015

11.12.15 by

Stuart FL 34996 Residential Market Report October 2015

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for October 2015

For October 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 161 active listings (Up by 25 homes from September).

Stuart FL 34996 Residential Market Report October 2015

17 Residential sales are pending and awaiting close or lender approval (Down by 10 homes from September).

Stuart FL 34996 Residential Market Report October 2015

12 Homes Sold in October (Unchanged from September).

Stuart FL 34996 Residential Market Report October 2015

The 34996 zip code area of the Stuart Florida residential real estate market had a surprising jump in inventory for October.  While this should be good news for buyers as there is a better selection of available homes, the corresponding increase in sales activity has not yet materialized.

The one month absorption rate for the 34996 zip code area of Stuart Florida for October continued to slide up to 13.4 months as compared to September’s 11.3 months.  A strong buyers market for this section of Martin County.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for October of 2014 were: 156 active listings, 32 pending sales and 11 closed sales.  While closed sales were close to last year, the reduced number of pending sales this year is a bit troubling.

Stuart FL 34996 Residential Market Report October 2015

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Stuart FL 34996 Residential Market Report October 2015

Stuart FL 34997 Residential Market Report September 2015

10.13.15 by

Stuart FL 34997 Residential Market Report September 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for September 2015

 

There are currently 277 active listings (Increased by 30 homes from August).

Stuart FL 34997 Residential Market Report September 2015

174 Residential sales are pending and awaiting close or lender approval (Increased by 19 homes from August).

Stuart FL 34997 Residential Market Report September 2015

81 Homes Sold in September (Increased by 2 homes from August)

Stuart FL 34997 Residential Market Report September 2015

      The Stuart Florida Residential Market for ZIP Code 34997 remains one of the strongest local markets.  For September we had a very welcome increase in inventory that should help maintain strong sales numbers for the foreseeable future.
     The current one month absorption rate increased slightly to 3.4  months (was 3.1 months for August).  Most of this increase is due to the stronger inventory numbers and we still remain in a very strong seller’s market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for September, were: 351 active listings, 154 pending listings and 87 closed sales.  With the reduced inventory of this year, we are starting to fall behind as compared to last year’s inventory.
Stuart FL 34997 Residential Market Report September 2015

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Stuart FL 34997 Residential Market Report September 2015

 

Stuart FL 34996 Residential Market Report September 2015

10.11.15 by

Stuart FL 34996 Residential Market Report September 2015

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for September 2015

 

For September 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 136 active listings (Down by 3 homes from August).

Stuart FL 34996 Residential Market Report September 2015

27 Residential sales are pending and awaiting close or lender approval (Down by 5 homes from August).

Stuart FL 34996 Residential Market Report September 2015

12 Homes Sold in September (Decreased by 2 homes from August).

Stuart FL 34996 Residential Market Report September 2015

The 34996 zip code area of the Stuart Florida residential real estate market continues to struggle a bit, especially when compared to the neighboring zip codes.  There are many luxury properties in this area and it’s not uncommon for these to take a bit longer to sell than the more modestly priced homes in other areas.

The one month absorption rate for the 34996 zip code area of Stuart Florida for September continued its decrease to 11.3 months as compared to August’s atrocious 9.8 months.  A strong buyers market for this section of Martin County.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for September of 2014 were: 155 active listings, 32 pending sales and 7 closed sales.  Sales volume and activity while not robust for the 34996 zip code area continues to outperform last years numbers.

Stuart FL 34996 Residential Market Report September 2015

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Stuart FL 34996 Residential Market Report September 2015

Stuart FL 34997 Residential Market Report August 2015

09.17.15 by

Stuart FL 34997 Residential Market Report August 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for August 2015

 

There are currently 247 active listings (Increased by 15 homes from July).

Stuart FL 34997 Residential Market Report August 2015

174 Residential sales are pending and awaiting close or lender approval (Decreased by 16 homes from July).

Stuart FL 34997 Residential Market Report August 2015

79 Homes Sold in August (Decreased by 4 homes from July)

Stuart FL 34997 Residential Market Report August 2015

      The Stuart Florida Residential Market for ZIP Code 34997 remains one of the strongest local markets.  The good news is that the inventory actually rose this month after many, many months of declines.  Activity did slow some, but this is still a super hot segment and still a sellers market.
     The current one month absorption rate increased to 3.1  months (was 2.8 months for July).  Remaining in a very strong seller’s market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for August, were: 351 active listings, 171 pending listings and 95 closed sales.  With the reduced inventory of this year, we are starting to fall behind as compared to last year’s inventory.
Stuart FL 34997 Residential Market Report August 2015

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Stuart FL 34997 Residential Market Report August 2015

 

Stuart FL 34996 Residential Market Report August 2015

09.15.15 by

Stuart FL 34996 Residential Market Report August 2015

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for August 2015

 

For August 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 139 active listings (Up by 4 homes from July).

Stuart FL 34996 Residential Market Report August 2015

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

Stuart FL 34996 Residential Market Report August 2015

14 Homes Sold in August (Increased by 3 homes from July).

Stuart FL 34996 Residential Market Report August 2015

The 34996 zip code area of the Stuart Florida residential real estate market is slowly but surely making a come back to good activity.  While there’s still room for improvement, sales were up and pending sales are also strong for good potential future activity.

The one month absorption rate for the 34996 zip code area of Stuart Florida for August continued its decrease to 9.8 months as compared to July’s atrocious 12.3 months.  Still a strong buyers market for this section of Martin County.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for August of 2014 were: 155 active listings, 28 pending sales and 13 closed sales.  Even with our current reduced inventory, sales activity was better for this year than last.

Stuart FL 34996 Residential Market Report August 2015

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Stuart FL 34996 Residential Market Report August 2015

September 2015 Market Report for Martins Crossing

09.10.15 by

September 2015 Market Report for Martins Crossing

There are currently 7 homes and townhomes for sale in Martins Crossing.  Prices range from $167,900 to $417,800 for an average list price of $292,628 which equals $129.04 per sq. ft. of living area.

There are 7 homes under contract.  List prices range from $159,900 to $339,888 for an average list price of $262,762 which is $118.25 per sq. ft. of living area.  On average these homes went under contract in 49 days.

In the past twelve months, 50 homes have sold in Martins Crossing.  Sales prices ranged from $121,800 to $330,000 for an average sales price of $220,26 which equates to $114.95 per sq. ft. of living area.  These homes sold at an average of 96% of listed price and were under contract in an average of 54 days.

Martins Crossing real estate in Stuart FL

Located in the intimate, yet vibrant, city of Stuart near a variety of fine restaurants, cultural outlets and shopping.  September 2015 Market Report for Martins Crossing, boasts of  596 residences with a stunning variety of single family homes and a section of private town homes. This family friendly community was completed around 2006 with mostly newer homes.

 Martins Crossing real estate in Stuart FL

September 2015 Market Report for Martins Crossing community amenities include lush landscaping and with private preserve views,  The Martins Crossing Clubhouse has a sparkling resort style pool, and over sized deck, tennis courts and a playful tot lot all nearby.

Martins Crossing real estate in Stuart FL Martins Crossing real estate in Stuart FL

September 2015 Market Report for Martins Crossing is conveniently located by Kanner Hwy. and Pomeroy Street for easy access to Historic Downtown Stuart, the beaches and waterways of Martin County, restaurants, shopping and quick access to I-95.  All this in a wonderful ‘A’ rated school system.

Martins Crossing real estate in Stuart FL Martins Crossing real estate in Stuart FL

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September 2015 Market Report for Martins Crossing

September 2015 Market Update for Castle Hill Sewalls Point

09.08.15 by

September 2015 Market Update for Castle Hill Sewalls Point

There are currently 3 homes for sale in Castle Hill.  The listing prices range from $759,000 to 2,335,000.  The average list price is $1,397,666 which equals $347.84 per sq. ft. of living area.

There are currently no homes under contract, pending a sale.

In the past 12 months, 4 Castle Hill homes have sold. Sale prices were from $650,000 to $1,150,000 for an average of $811,250 or $230.69 per sq. ft. of living area.  These homes sold in an average of 55 days for 94% of the list price.

Castle Hill Gate

Castle Hill is an exclusive enclave of 46 homes and lots in prestigious Sewalls Point in Stuart Florida.

This community sits in an unparalleled location only minutes from beaches and equidistant from both the Jensen Beach and Stuart causeways.  Close to marinas and launch facilities as well as shopping, restaurants and schools.

Water views

Residents of Castle Hill enjoy the good life with low HOA fees (currently $285 per quarter) and a quiet family friendly neighborhood for year round Florida living.  Homes range from multi million waterfront properties high on the deep Saint Lucie River to half acre and larger dry home fronts with homes now starting in the high $400,000’s.

It’s an easy ride to either downtown Jensen Beach or downtown Stuart from Castle Hill.  Also, just about equi-distant from the public beaches at Jensen and Stuart Beaches.  Only a minute or two to public boat ramps as well as the Olympic Sailing Center and the Indian Riverside Park.  Really a wonderful location which makes Castle Hill such a desired community to call home.

Castle Hill Home

Castle Hill was established in the early 1990’s and remains one of the prime locations to call home on the Treasure Coast.

Children attend Martin County schools and currently are zoned for the Felix Williams elementary, Stuart middle and the Jensen Beach high schools.  These are some of the finest schools in the State of Florida.

Here are the currently available homes for sale in Castle Hill

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September 2015 Market Update for Castle Hill Sewalls Point

Stuart FL 34997 Residential Market Report July 2015

08.15.15 by

Stuart FL 34997 Residential Market Report July 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for July 2015

 

There are currently 232 active listings (Decreased by 25 homes from June).

Stuart FL 34997 Residential Market Report July 2015

190 Residential sales are pending and awaiting close or lender approval (Decreased by 10 homes from June).

Stuart FL 34997 Residential Market Report July 2015

83 Homes Sold in July (Decreased by 30 homes from June)

Stuart FL 34997 Residential Market Report July 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues as the best performing segment of the Stuart residential market.  Both closed and pending sales are doing well, though as the inventory shrinks, the sales volume can’t keep up with the torrid pace set from last month.
     The current one month absorption rate increased to 2.8  months (was 2.3 months for June).  Remaining in a very strong seller’s market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for July, were: 362 active listings, 189 pending listings and 78 closed sales.  Even with an inventory that is over 33% less than last year, closed and pending sales are still better for 2015.  Our strongest local market.
Stuart FL 34997 Residential Market Report July 2015

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Stuart FL 34997 Residential Market Report July 2015

 

Stuart FL 34996 Residential Market Report July 2015

08.13.15 by

Stuart FL 34996 Residential Market Report July 2015

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for July 2015

 

For July 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 135 active listings (Down by 1 homes from June).

1 active

34 Residential sales are pending and awaiting close or lender approval (Down by 10 homes from June).

Stuart FL 34996 Residential Market Report July 2015

11 Homes Sold in July (Increased by 3 homes from June).

Stuart FL 34996 Residential Market Report July 2015

The 34996 zip code area of the Stuart Florida residential real estate market continues to struggle, though it improved from June’s very poor showing.  Unfortunately pending sales were off considerably this month.  This could be a sign of continued weak activity for the near future.

The one month absorption rate for the 34996 zip code area of Stuart Florida for July dropped to 12.3 months as compared to June’s atrocious 17 months.  Still a strong buyers market for this section of Martin County.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for July of 2014 were: 169 active listings, 32 pending sales and 21 closed sales.  Considerably weaker activity this year as compared to July of 2014.

Stuart FL 34996 Residential Market Report July 2015

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

Stuart Florida Real Estate presented by:

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Stuart FL 34996 Residential Market Report July 2015

Stuart FL 34997 Residential Market Report June 2015

07.15.15 by

Stuart FL 34997 Residential Market Report June 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for June 2015

 

There are currently 257 active listings (Decreased by 22 homes from May).

Stuart FL 34997 Residential Market Report June 2015

200 Residential sales are pending and awaiting close or lender approval (Decreased by 25 homes from May).

Stuart FL 34997 Residential Market Report June 2015

113 Homes Sold in June (Increased by 22 homes from May)

Stuart FL 34997 Residential Market Report June 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market.  Our inventory took another major drop as sales are going faster than homeowners are willing to list on the market.  Closed sales remain very strong, but the reduced inventory will soon result in a lower volume of closed sales as evidenced by the drop in pending sales.
     The current one month absorption rate dropped to 2.3  months (was 3.1 months for May).  Moving to even a stronger seller’s market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for June, were: 381 active listings, 185 pending listings and 80 closed sales.  Very strong activity this year even with a dramatic drop in inventory.
Stuart FL 34997 Residential Market Report June 2015

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Stuart Florida Real Estate presented by:
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Stuart FL 34997 Residential Market Report June 2015

 

Stuart FL 34996 Residential Market Report June 2015

07.13.15 by

Stuart FL 34996 Residential Market Report June 2015

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for June 2015

 

For June 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 136 active listings (Down by 11 homes from May).

Stuart FL 34996 Residential Market Report June 2015

44 Residential sales are pending and awaiting close or lender approval (Up by 10 homes from May).

Stuart FL 34996 Residential Market Report June 2015

8 Homes Sold in June (Decreased by 8 homes from May).

Stuart FL 34996 Residential Market Report June 2015

The 34996 zip code area of the Stuart Florida residential real estate market continues to show some weakness.  Pending sales are quite strong, but closed sales were off for June.

The one month absorption rate for the 34996 zip code area of Stuart Florida for June jumped dramatically to 17 months as compared to May’s 9.2 months.  A pretty good buyers market fot this section of Martin County.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for June of 2014 were: 177 active listings, 38 pending sales and 15 closed sales.  Dramatically reduced inventory is contributing to a lower volume of activity for the 34996 zip code area of Stuart.

Stuart FL 34996 Residential Market Report June 2015

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

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Stuart FL 34996 Residential Market Report June 2015

Lake Tuscany July 2015 Market Report

07.08.15 by

Lake Tuscany July 2015 Market Report

As of July 2015, there are 4  homes available for sale with listing prices from $429,000 to $450,000 at an average list price of $440,997 which is a price per square foot of living area of $113.71.

There are no homes currently under contract and awaiting settlement in Lake Tuscany.

In the past 12 months, 8 homes have sold in Lake Tuscany ranging in sales price from $327,500 to $444,900 for an average sales price of $362,275 which equals $118.12 per sq. ft. of living area.  These homes took an average of 126 days on market to go under contract and sold at 96% of list price.

Lake Tuscany real estate Stuart FL

Lake Tuscany in Stuart FL is a newer subdivision just to the west of I-95 in Martin County, Florida.  The homes in Lake Tuscany were mostly completed between 2004 to 2005.  This attractive subdivision is set up with a gated entrance and all 98 homes in Lake Tuscany are on Panther Trace which makes a large circle around the lake in the center.  Homes range from 3 Bedroom, 3 Bath or 4 BR 2 Baths of around 2100 sq. ft. of living area to spacious 6 Bedroom, 4 Bathroom 2 story homes with lofts and theater rooms with pools by the lakeside along with 3 car garages.  All are high quality homes built by local builder Mercedes Homes.

Lake Tuscany real estate Stuart FL Lake Tuscany real estate Stuart FL

Lake Tuscany boasts lush landscaping and very reasonable Home Owner’s Association fees of $398 per quarter.  These fees cover security, the common areas and lake upkeep, basic cable, trash collection and front landscaping.  The Lake Tuscany property owners web site is located at this site.

Lake Tuscany real estate Stuart FL Lake Tuscany real estate Stuart FL

Families in Lake Tuscany enjoy Martin County’s ‘A’ rated schools in the following schools: Crystal Lake Elementary, David L Anderson Middle School and South Fork High School.  Shopping is only minutes away and there’s easy access to Martin County’s waterways and just a short drive to the many public beaches.

 Lake Tuscany real estate Stuart FL

Search here for currently available Lake Tuscany real estate in Stuart FL

For any questions you may have about July 2015 Lake Tuscany Real Estate Update in Stuart FL, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Stuart Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Lake Tuscany July 2015 Market Report

 

Stuart FL 34997 Residential Market Report May 2015

06.15.15 by

Stuart FL 34997 Residential Market Report May 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for May 2015

 

There are currently 279 active listings (Decreased by 36 homes from April).

Stuart FL 34997 Residential Market Report May 2015

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

Stuart FL 34997 Residential Market Report May 2015

91 Homes Sold in May (Decreased by 7 homes from April)

Stuart FL 34997 Residential Market Report May 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market.  Our inventory took another major drop as sales are going faster than homeowners are willing to list on the market.  Both pending sales and closed sales remain very strong, but the reduced inventory may be a sign of some weaker future volume.
     The current one month absorption rate decreased slightly to 3.1  months (was 3.2 months for April).  Moving to even a stronger seller’s market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for May, were: 413 active listings, 164 pending listings and 107 closed sales.  Considerably better pending activity this year, but the reduced inventory is very troubling.
Stuart FL 34997 Residential Market Report May 2015

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Stuart FL 34997 Residential Market Report May 2015

 

Stuart FL 34996 Residential Market Report May 2015

06.13.15 by

Stuart FL 34996 Residential Market Report May 2015

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for May 2015

 

For May 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 147 active listings (Down by 26 homes from April).

Stuart FL 34996 Residential Market Report May 2015

34 Residential sales are pending and awaiting close or lender approval (Up by 5 homes from April).

Stuart FL 34996 Residential Market Report May 2015

16 Homes Sold in May (Decreased by 2 homes from April).

Stuart FL 34996 Residential Market Report May 2015

The 34996 zip code area of the Stuart Florida residential real estate market continues to show some weakness.  A surprisingly large drop in inventory will not help for future sales.

The one month absorption rate for the 34996 zip code area of Stuart Florida for May decreased slightly to 9.2 months as compared to April’s 9.6 months.  Drifting in a better direction, though with lots of room for improvement.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for May of 2014 were: 187 active listings, 48 pending sales and 20 closed sales.  Considerably better activity last year.  (It should be noted that this zip code includes the Sewalls Point area, and should the Sewalls Point activity be excluded from this report, it would look much better.)

Stuart FL 34996 Residential Market Report May 2015

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

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Stuart FL 34996 Residential Market Report May 2015

Jensen Beach Golf and Country Club June 2015 Market Report

06.05.15 by

Jensen Beach Golf and Country Club June 2015 Market Report

 There are currently 7 homes and/or villas available for sale in the Jensen Beach Golf and Country Club.
List prices range from $269,000 to $399,000 or an average list price of $331,755 which equals $168.32 per square foot of living area.

9 homes are under contract awaiting the final sale.  List prices range from $200,000 to $375,000 for an average list price of $298,077 that equals $1150.90 per square foot of living area.

In the past 12 months, 38 homes have sold.  The sales prices ranged from $185,000 to $440,000 for an average sales price of $281,340 which works out to a price per square foot of  $151,92 at a 97% sales to list price ratio.

The Jensen Beach Golf and Country Club in Jensen Beach Florida is one of the most desirable communities on Florida’s Treasure Coast.  There are 656 homes and home sites spread out on over 240 acres of wildlife preserve with plenty of privacy and homes from four different builders.   Homes began to be constructed in 2000 and new homes from D.R. Horton and Renar Homes have been recently completed.  Previous builders included WCI Communities and Engle Homes.

The Jensen beach Golf and Country Club is home to the Eagle Marsh Golf Course.   This is apublic course and all are welcome to play.  Inexpensive membership plans are available along with dining facilities, a snack bar and a pro shop.  More information about the Eagle Marsh Golf Club can be found on their web site.

Homes in the Jensen Beach Golf and Country Club range from smaller 2 BR attached villas of approximately 1300 plus square feet of living area and single car garages to spacious one floor and two story pool homes of just over 2500 square feet with 3 car garages.  In addition to the facilities associated with the Eagle Marsh Golf Club, there are two community pools and an active tennis club with 6 professional courts along with a local pro and active league play.

All of these amenities come at an incredibly attractive HOA fee of around $225 per month and include landscaping, trash pickup as well as basic cable TV service.

The Jensen Beach Golf and Country Club is attractively situated only 2 miles from the Indian River (the Intracoastal Water Way) and quaint downtown Jensen Beach, only across the causeway to the public beach of Jensen beach for those wishing to take advantage of the clear waters of the Atlantic Ocean.  Less than a mile to the west is the Treasure Coast Mall and the shopping and restaurant corridor of US-1.

For those with children, the ‘A’ rated Jensen beach High School is within walking distance from the front gate of the Jensen Beach Golf and Country Club.

Here are the currently available homes in the Jensen Beach Golf and Country Club

 For any questions you may have about the Jensen Beach Golf and Country Club, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Jensen Beach Florida Real Estate

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Jensen Beach Golf and Country Club June 2015 Market Report

Stuart FL 34997 Residential Market Report April 2015

05.18.15 by

Stuart FL 34997 Residential Market Report April 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for April 2015

 

There are currently 315 active listings (Decreased by 46 homes from March).

Stuart FL 34997 Residential Market Report April 2015

223 Residential sales are pending and awaiting close or lender approval (Increased by 12 homes from March).

Stuart FL 34997 Residential Market Report April 2015

98 Homes Sold in April (Increased by 11 homes from March)

Stuart FL 34997 Residential Market Report April 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market.  Our inventory took a major drop as sales are going faster than homeowners are willing to list on the market.  Both pending sales and closed sales were up and well priced new listings are going off the market very quickly.
     The current one month absorption rate increased to 3.2  months (was 4 months for March).  Moving to even a stronger seller’s market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for April, were: 404 active listings, 190 pending listings and 61 closed sales.  Much stronger activity for 2015, even with a considerably reduced inventory.
Stuart FL 34997 Residential Market Report April 2015

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Stuart FL 34997 Residential Market Report April 2015