Stuart FL 34996 Residential Market Report April 2015

Stuart FL 34996 Residential Market Report April 2015

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

 

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

 

There are currently 173 active listings (Up by 6 homes from March).

Stuart FL 34996 Residential Market Report April 2015

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

Stuart FL 34996 Residential Market Report April 2015

18 Homes Sold in April (Decreased by 3 homes from March).

Stuart FL 34996 Residential Market Report April 2015

The 34996 zip code area of the Stuart Florida residential real estate market retreated from the improved numbers of last month.  Both pending sales as well as closed sales were off for the month as compared to March.  A little bit of a disappointing report especially when looking at our other Stuart markets.

The one month absorption rate for the 34996 zip code area of Stuart Florida for April increased to 9.6 months as compared to March’s 7.9 months.  Drifting to even a stronger buyers’ market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for April of 2014 were: 186 active listings, 52 pending sales and 11 closed sales.  Better sales activity this year, but the pending sales are off as compared to last year, which may mean slower sales in the immediate future.

Stuart FL 34996 Residential Market Report April 2015

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Stuart FL 34996 Residential Market Report April 2015

Stuart FL 34997 Residential Market Report March 2015

Stuart FL 34997 Residential Market Report March 2015

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

 

There are currently 351 active listings (Decreased by 21 homes from February).

Stuart FL 34997 Residential Market Report March 2015

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

Stuart FL 34997 Residential Market Report March 2015

87 Homes Sold in March (Increased by 15 homes from February)

Stuart FL 34997 Residential Market Report March 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.  The inventory gain we had in February has now been erased for March.  Solid increases in both pending and closed sales.
     The current one month absorption rate increased to 4  months (was 5.2 months for February).  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 2013 numbers for March, were: 416 active listings, 192 pending listings and 98 closed sales.  Considering the reduced inventory from last year, better activity for 2015.
Stuart FL 34997 Residential Market Report March 2015

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Stuart FL 34997 Residential Market Report March 2015

 

Stuart FL 34996 Residential Market Report March 2015

Stuart FL 34996 Residential Market Report March 2015

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

 

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

 

There are currently 166 active listings (Up by 8 homes from February).

Stuart FL 34996 Residential Market Report March 2015

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

Stuart FL 34996 Residential Market Report March 2015

21 Homes Sold in March (Increased by 9 homes from February).

Stuart FL 34996 Residential Market Report March 2015

The 34996 zip code area of the Stuart Florida residential real estate market continues to show improvement from a fairly anemic beginning of the year for 2015, though there’s still more room for improvement.   Increase closed sales as well as inventory, along with a small decrease in pending sales for March.

The one month absorption rate for the 34996 zip code area of Stuart Florida for March decreased to 7.9 months as compared to February’s 13.2 months.  Still a buyers’ market, though the trend is towards a balanced market.  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 2013 were: 162 active listings, 47 pending sales and 15 closed sales.  We experienced more  closed sales  this year, but the pending (future) sales activity was better last year.

Stuart FL 34996 Residential Market Report March 2015

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Stuart FL 34996 Residential Market Report March 2015

Lost River Plantation April 2015 Market Update

Lost River Plantation April 2015 Market Update

As of April 2015, there are 7 available homes for sale in the Lost River Plantation community of Stuart, FL.  Prices range from $449,000 to $875,000 for an average price of  $650,271 which equals $227.01 per sq. ft. of living area.

There is 1 home under contract which is listed for $592,700 or $208.33 per sq. ft. of living area.

In the past 12 months, there have been 12 sales ranging in sales prices from $349,900 to $710,000 for an average sales price of $489,116 which comes out to $191.73 per sq. ft. of living area.  Sales prices averaged 96% of the list price.  Three of these sales were short sales and two were bank owned foreclosures.

 Lost River Plantation April 2015 Market Update

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 April 2015 Market UpdateLost River Plantation April 2015 Market Update

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 pints 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 April 2015 Market UpdateLost River Plantation April 2015 Market Update

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Lost River Plantation April 2015 Market Update

 

Stuart FL 34997 Residential Market Report February 2015

Stuart FL 34997 Residential Market Report February 2015

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

 

There are currently 373 active listings (Increased by 25 homes from January).

Stuart FL 34997 Residential Market Report February 2015

202 Residential sales are pending and awaiting close or lender approval (Increased by 4 homes from January).

Stuart FL 34997 Residential Market Report February 2015

72 Homes Sold in February (Decreased by 4 homes from January)

Stuart FL 34997 Residential Market Report February 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.  We had a significant increase in inventory for February, though still under last years level.  Continued strong pending and closed numbers even if slightly off from last month.
     The current one month absorption rate increased to 5.2  months (was 4.6 months for January).  Still a sellers 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 2013 numbers for February, were: 424 active listings, 184 pending listings and 63 closed sales.  For the first two months of 2015, activity has been superior to last year.
Stuart FL 34997 Residential Market Report February 2015

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Stuart FL 34997 Residential Market Report February 2015

 

Stuart FL 34996 Residential Market Report February 2015

Stuart FL 34996 Residential Market Report February 2015

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

 

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

 

There are currently 158 active listings (Down by 2 homes from January).

Stuart FL 34996 Residential Market Report February 2015

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

Stuart FL 34996 Residential Market Report February 2015

12 Homes Sold in February (Increased by 5 homes from January).

Stuart FL 34996 Residential Market Report February 2015

The 34996 zip code area of the Stuart Florida residential real estate market rebounded a bit from a very poor start in January, though there’s still more room for improvement.   Increase closed sales along with a small decrease in pending sales and inventory for February.

The one month absorption rate for the 34996 zip code area of Stuart Florida for February increased to 13.2 months as compared to January’s 22.9 months.  A huge buyers’ market, though I suspect this will be a short time phenomenon.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for February of 2013 were: 152 active listings, 40 pending sales and 6 closed sales.  Very similar activity to Feb. 2014.  No significant differences other than double the number of closed sales.

Stuart FL 34996 Residential Market Report February 2015

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Stuart FL 34996 Residential Market Report February 2015

Angler Cove Condos February 2015 Market Update

Angler Cove Condos February 2015 Market Update

There are currently 5 Angler Cove condos available for sale.  Prices range from $189,900 to $375,000 with an average price of $261,980 which equals $200.15 per sq. ft. of living area.  None of these listings are distressed properties.

There is 1 condo currently under contract and awaiting settlement.  It is listed for $194,000 or $137.98 per sq. ft. of living area.

In the past 12 months there have been 4 sales.  Sales prices ranged from $199,000 to $295,000 and the average sales price was $238,250 or $167.95 per sq. ft. of living area.  The list to sales prices averaged at 90%.  None of these sales were distressed sales.

(Please consider that some condos in Angler Cove have deeded docks and some don’t.  This can add to the wide disparity of both listing and sales prices)

Angler Cove Condos on Hutchinson Island in Stuart Florida is a unique complex with 10 buildings amd 64 units surrounding a man made cove with deep water dockage for the boating enthusiast.

Units include spacious two bedroom units as well as a number of larger three bedroom townhome style homes.  Two buildings on the west side of the complex offer spectacular wide river views of the Intracoastal Waterway (Indian River).

Angler Cove Condos on Hutchinson Island

Most first floor units offer dockage just steps outside the living area.  Some second floor units have docks available throughout additional spaces in the cove as well as larger docks built out into the Indian River.

Amenities include a full time on-site manager and maintenance man.  A clubhouse with a large community pool, barbecue areas and some limited boat parking and deeded beach access.

Very well located just minutes to downtown Stuart  Shopping, restaurants and all other services just a short distance away.  An excellent place to call home or to have a Florida get-away for those cold winters up north!

Condo association fees vary from $450 to $560 per month.  The fees include Basic Cable Tv, Landscape/Lawn care, On Site Manager, Reserve Fund, Trash, Water and Sewer.

 Angler Cove Condos on Hutchinson Island

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Angler Cove Condos February 2015 Market Update

Stuart FL 34997 Residential Market Report January 2015

Stuart FL 34997 Residential Market Report January 2015

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

 

There are currently 348 active listings (Increased by 11 homes from December).

Stuart FL 34997 Residential Market Report January 2015

198 Residential sales are pending and awaiting close or lender approval (Increased by 21 homes from December).

Stuart FL 34997 Residential Market Report January 2015

76 Homes Sold in January (Decreased by 3 homes from December)

Stuart FL 34997 Residential Market Report January 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 is lower than last year, though it did increase some from December.  Pending sales had a nice increase and only a small decrease in closed sales from last month.
     The current one month absorption rate dropped to 4.6  months (was 4.3 months for December).  Still a strong sellers 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 2013 numbers for January, were: 424 active listings, 149 pending listings and 51 closed sales.  Considerably better activity for the beginning of 2015 as compared to last year.
Stuart FL 34997 Residential Market Report January 2015

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Stuart FL 34997 Residential Market Report January 2015

 

Stuart FL 34996 Residential Market Report January 2015

Stuart FL 34996 Residential Market Report January 2015

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

 

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

 

There are currently 160 active listings (Down by 16 homes from December).

Stuart FL 34996 Residential Market Report January 2015

41 Residential sales are pending and awaiting close or lender approval (Up by 19 homes from December).

Stuart FL 34996 Residential Market Report January 2015

7 Homes Sold in January (Decreased by 17 homes from December).

Stuart FL 34996 Residential Market Report January 2015

The 34996 zip code area of the Stuart Florida residential real estate market started off with greatly decreased closed activity from previous months.  Though, the bright note is also greater pending activity, which should equate to much better closed sales coming in the next few months.  The inventory was down, which also came as a surprise.

The one month absorption rate for the 34996 zip code area of Stuart Florida for January increased to 22.9 months as compared to December’s 7.3 months.  A huge buyers’ market, though I suspect this will be a short time phenomenon.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for January of 2013 were: 146 active listings, 33 pending sales and 17 closed sales.  Better closed activity last year, though the greater pending numbers and inventory is a good sign for later performance.

Stuart FL 34996 Residential Market Report January 2015

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Stuart FL 34996 Residential Market Report January 2015

Stuart FL 34997 Residential Market Report December 2014

Stuart FL 34997 Residential Market Report December 2014

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2014

 

There are currently 337 active listings (Decreased by 9 homes from November).

Stuart FL 34997 Residential Market Report December 2014

177 Residential sales are pending and awaiting close or lender approval (Increased by 3 homes from November).

Stuart FL 34997 Residential Market Report December 2014

79 Homes Sold in December (Increased by 23 homes from November)

Stuart FL 34997 Residential Market Report December 2014

      The Stuart Florida Residential Market for ZIP Code 34997 is our largest and typically most active segment for the Stuart residential real estate market.  Activity is very strong in this zip code and the year ended in a strong way.  Unfortunately inventory continued to decline, while pending sales rose a little (though it remains very strong) and closed sales took a big jump.
 
     The current one month absorption rate dropped to 4.3  months (was 6.2 months for November).  Back into a strong sellers 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 2013 numbers for December, were: 394 active listings, 130 pending listings and 85 closed sales.  When the reduced inventory for this year is factored in, activity this year is considerably better.
 
Stuart FL 34997 Residential Market Report December 2014 
 

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Stuart FL 34997 Residential Market Report December 2014

Stuart FL 34996 Residential Market Report December 2014

Stuart FL 34996 Residential Market Report December 2014

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2014

 

For December 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 176 active listings (Up by 13 homes from November).

Stuart FL 34996 Residential Market Report December 2014

22 Residential sales are pending and awaiting close or lender approval (Down by 9 homes from November).

Stuart FL 34996 Residential Market Report December 2014

24 Homes Sold in December (Increased by 9 homes from November).

Stuart FL 34996 Residential Market Report December 2014

The 34996 zip code area of the Stuart Florida residential real estate market had increased inventory for December and a nice jump in closed sales.  Unfortunately pending sales were off.  I’m expecting continued increases in inventory as the new year gets under way and most likely an increase in pending sales as well.

The one month absorption rate for the 34996 zip code area of Stuart Florida for December decreased to 7.3 months as compared to November’s 10.9 months.  Still a buyers market, but almost back into a balanced one.  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 2013 were: 128 active listings, 25 pending sales and 16 closed sales.  For the 34996 residential real estate area, there’s a considerably more inventory of available homes this year when compared to last year.  Pending sales are not as strong as last year which may indicate a little weaker start to the year.  Closed sales were better for this year, though.

Stuart FL 34996 Residential Market Report December 2014

 

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Stuart FL 34996 Residential Market Report December 2014

Stuart FL 34997 Residential Market Report November 2014

Stuart FL 34997 Residential Market Report November 2014

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2014

 

There are currently 346 active listings (Decreased by 22 homes from October).

Stuart FL 34997 Residential Market Report November 2014

174 Residential sales are pending and awaiting close or lender approval (Increased by 30 homes from October).

Stuart FL 34997 Residential Market Report November 2014

56 Homes Sold in November (Decreased by 25 homes from October)

Stuart FL 34997 Residential Market Report November 2014

      The Stuart Florida Residential Market for ZIP Code 34997 is our largest and typically most active segment for the Stuart residential real estate market.  It is the only zip code in Stuart to show a decrease in inventory for November.  There was also a sizable decrease in closed sales.  Pending sales, however, saw a big rise which indicates to me that there will be good closed activity in the coming months.
 
     The current one month absorption rate increased to 6.2  months (was 4.5 months for October).  Back into a balanced 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 2013 numbers for November, were: 396 active listings, 143 pending listings and 71 closed sales.  Better closed activity last  year, though pending sales are considerably improved fromlast year while the inventory is significantly lower.
Stuart FL 34997 Residential Market Report November 2014 
 
 

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Stuart FL 34997 Residential Market Report November 2014

Stuart FL 34996 Residential Market Report November 2014

Stuart FL 34996 Residential Market Report November 2014

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for November 2014

 

For November 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 163 active listings (Up by 7 homes from October).

Stuart FL 34996 Residential Market Report November 2014

 

31 Residential sales are pending and awaiting close or lender approval (Down by 1 home from October).

Stuart FL 34996 Residential Market Report November 2014

15 Homes Sold in November (Increased by 4 homes from October).

Stuart FL 34996 Residential Market Report November 2014

The 34996 zip code area of the Stuart Florida residential real estate market is moving in the right direction after a fairly slow summer.  Inventory as well a s closed sales rose for November while pending sales were off slightly, but still quite strong.

The one month absorption rate for the 34996 zip code area of Stuart Florida for November decreased to 10.9 months as compared to October’s 14.2 months.  Still a buyers market.  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 2013 were: 139 active listings, 29 pending sales and 9 closed sales.  For the 34996 residential real estate area, there’s a considerably greater inventory of available homes this year when compared to last year.  Percentage wise, market activity is quite similar to last years’.

Stuart FL 34996 Residential Market Report November 2014

 

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Stuart FL 34996 Residential Market Report November 2014

Stuart FL 34997 Residential Market Report October 2014

Stuart FL 34997 Residential Market Report October 2014

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2014

 

There are currently 368 active listings (Increased by 17 homes from September).

Stuart FL 34997 Residential Market Report October 2014

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

Stuart FL 34997 Residential Market Report October 2014

81 Homes Sold in October (Decreased by 6 homes from September)

Stuart FL 34997 Residential Market Report October 2014

      The Stuart Florida Residential Market for ZIP Code 34997 has been one of the hottest areas for Martin County residential sales.  For October of 2014, activity has moderated a bit from the past few very strong months, but is still very active.   Both pending and closed sales were off and the inventory rose.
 
     The current one month absorption rate increased to 4.5  months (was 4 months for September).  A hot sellers 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 2013 numbers for October, were: 381 active listings, 171 pending listings and 62 closed sales.  Better closed activity this year, though pending sales are not as strong as last years numbers.  Inventory is also lower.
Stuart FL 34997 Residential Market Report October 2014 
 
 

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Stuart FL 34997 Residential Market Report October 2014

Stuart FL 34996 Residential Market Report October 2014

Stuart FL 34996 Residential Market Report October 2014

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for October 2014

 

For October 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 156 active listings (Up by 1 home from September).

Stuart FL 34996 Residential Market Report October 2014

32 Residential sales are pending and awaiting close or lender approval (Unchanged from September).

Stuart FL 34996 Residential Market Report October 2014

11 Homes Sold in October (Increased by 4 homes from September).

Stuart FL 34996 Residential Market Report October 2014

The 34996 zip code area of the Stuart Florida residential real estate market remains a bit weak, though with a slight improvement from last month.  Closed sales were up while both inventory and pending sales were steady.

The one month absorption rate for the 34996 zip code area of Stuart Florida for October increased to 14.2 months as compared to September’s 22 months.  A strong buyers market.  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 2013 were: 129 active listings, 27 pending sales and 13 closed sales.  There’s increased inventory from last year and also a greater number of pending sales, unfortunately fewer closed sales.

Stuart FL 34996 Residential Market Report October 2014

 

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Stuart FL 34996 Residential Market Report October 2014

Stuart FL 34997 Residential Market Report September 2014

Stuart FL 34997 Residential Market Report September 2014

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for September 2014

 

There are currently 351 active listings (No change from August).

Stuart FL 34997 Residential Market Report September 2014

154 Residential sales are pending and awaiting close or lender approval (Decreased of 17 homes from August).

Stuart FL 34997 Residential Market Report September 2014

87 Homes Sold in September (Decreased by 8 homes from August)

Stuart FL 34997 Residential Market Report September 2014

      The Stuart Florida Residential Market for ZIP Code 34997 has been one of the hottest areas for Martin County residential sales and continues with very strong activity for September.  Pending sales numbers decreased for the second month in a row which might be an indication of slowing activity for the future.  There was also a decrease in closed sales for September as well.
 
     The current one month absorption rate increased to 4 months (was 3.7 months for August).  A hot sellers 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 2013 numbers for September, were: 356 active listings, 175 pending listings and 70 closed sales.  Closed sales were above last years numbers, though the other indicators were slightly better last year.
Stuart FL 34997 Residential Market Report September 2014 
 
 

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Stuart FL 34997 Residential Market Report September 2014

Stuart FL 34996 Residential Market Report September 2014

Stuart FL 34996 Residential Market Report September 2014

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for September 2014

 

For September 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 155 active listings (No change from August).

Stuart FL 34996 Residential Market Report September 2014

32 Residential sales are pending and awaiting close or lender approval (Increased by 4 homes from August).

Stuart FL 34996 Residential Market Report September 2014

7 Homes Sold in September (Decreased by 6 homes from August).

Stuart FL 34996 Residential Market Report September 2014

The 34996 zip code area of the Stuart Florida residential real estate market experienced the second month of weaker results after a small rebound in July.  Closed sales were quite weak with no change in the active inventory.  One bright note for the future is the increase in pending numbers.  Whether this is a seasonal occurrence or a weaker market remains to be determined.

The one month absorption rate for the 34996 zip code area of Stuart Florida for September increased to 22 months as compared to August’s 11.9 months.  A strong buyers market.  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 2013 were: 140 active listings, 16 pending sales and 13 closed sales.  Other than the closed activity, the 34996 zip code for Martin County is outperforming last years activity.

Stuart FL 34996 Residential Market Report September 2014

 

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Stuart FL 34996 Residential Market Report September 2014

Stuart FL 34997 Residential Market Report August 2014

Stuart FL 34997 Residential Market Report August 2014

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for August 2014

 

There are currently 351 active listings (Decreased by 11 homes from July).

Stuart FL 34997 Residential Market Report August 2014

171 Residential sales are pending and awaiting close or lender approval (Decreased of 18 homes from July).

Stuart FL 34997 Residential Market Report August 2014

95 Homes Sold in August (Increased by 17 homes from July)

Stuart FL 34997 Residential Market Report August 2014

      The Stuart Florida Residential Market for ZIP Code 34997 has been one of the hottest areas for Martin County residential sales.  After two months of increased pending sales (though pending sales were off for August) we see the results with a nice increase in closed sales.  The available inventory decreased again this month.
 
     The current one month absorption rate decreased to 3.7 months (was 4.6 months for July).  A hot sellers 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 2013 numbers for August, were: 347 active listings, 157 pending listings and 68 closed sales.  For the 34997 zip code of Stuart the 2014 market momentum continues at a much improved pace than last year ( which was a strong market as well).
 
Stuart FL 34997 Residential Market Report August 2014
 
 

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Stuart FL 34997 Residential Market Report August 2014

Stuart FL 34996 Residential Market Report August 2014

Stuart FL 34996 Residential Market Report August 2014

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for August 2014

 

For August 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 155 active listings (Decreased by 14 homes from July).

Stuart FL 34996 Residential Market Report August 2014

28 Residential sales are pending and awaiting close or lender approval (Decreased by 4 homes from July).

Stuart FL 34996 Residential Market Report August 2014

13 Homes Sold in August (Decreased by 8 homes from July).

Stuart FL 34996 Residential Market Report August 2014

The 34996 zip code area of the Stuart Florida residential real estate market showed weaker August results after a small rebound in July.  All measured activity decreased for August.  With the inventory levels so low and with prices rising, buyers are getting a bit more picky in their selections.

The one month absorption rate for the 34996 zip code area of Stuart Florida for August increased to 11.9 months as compared to July’s 8 months.  A strong buyers market.  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 2013 were: 125 active listings, 26 pending sales and 25 closed sales.  We still have greater number of available homes as well as pending sales as compared to 2013, though the closed sales were off this year.

Stuart FL 34996 Residential Market Report August 2014

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Stuart FL 34996 Residential Market Report August 2014

September 2014 Market Update for Martins Crossing

September 2014 Market Update for Martins Crossing

There are currently 10 homes for sale in Martins Crossing.  Prices range from $158,000 to $379,000 for an average list price of $277,508 which is $122.03 per sq. ft. of living area.  None of the current listings are short sales or bank owned foreclosures.

There are nine homes under contract.  List prices range from $140,000 to $314,900 for an average of $208,155 at $110.71 per sq. ft. of living area.  Of these pending sales, one is a short sale.

In the past twelve months,31 homes have sold in Martins Crossing.  Sales prices ranged from $125,000 to $308,500 for an average of $209,900 which equates to $100.71 per sq. ft. of living area at a 96% sales to list price ratio.  Of these sales 6 were short sales and six were bank owned foreclosures.

Located in the intimate, yet vibrant, city of Stuart near a variety of fine restaurants, cultural outlets and shopping.  September 2014 Market Update 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.

September 2014 Market Update 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.

September 2014 Market Update 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.

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September 2014 Market Update for Martins Crossing