Stuart FL 34994 Condo Market Report May 2018

Stuart FL 34994 Condo Market Report May 2018 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for May 2018

For May 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 81 active condo listings (Down by 16 condos from April).

Stuart FL 34994 Condo Market Report May 2018

68 Condo sales are pending and awaiting close or lender approval. (Decreased by 7 condos from last month) 

Stuart FL 34994 Condo Market Report May 2018

34 Condos Sold in April (Increased by 6 condos from April).

Stuart FL 34994 Condo Market Report May 2018

The Stuart FL 34994 Condo market is now into historic low inventory levels which I have not seen before.  Yet the volume of both pending and closed sales rose for May.  This activity may not be sustainable if the inventory continues to drop.

The absorption rate for April dropped to 2.4 months compared to last month’s 3.5.  Even a stronger seller’s market for this condo segment of Stuart’s 34994 zip code area after one month of a seller’s market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last May the numbers were 85 active listings, 41 pending sales, and 18 closed sales.  Much better volume of closed and pending sales for this year when compared to last..

Stuart FL 34994 Condo Market Report May 2018

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Stuart FL 34994 Condo Market Report May 2018 

 

Snug Harbor June 2018 Market Report

Snug Harbor June 2018 Market Report

As of June 2018, there were no active listings in Snug Harbor in Stuart, FL.

There is one home currently under contract.  List price was $1,700,000 for $$1,082.80 per sq. ft. of living area.  This home was on the market for 165 days prior to going under contract.

3 homes have sold in Snug Harbor in the past 12 months.  Ranging in sales price from a low of $1,210,000 up to $2,150,000.  The average sales price was $1,695,000 or $499.46 per sq. ft. of living area.  These sales averaged 93% of the last listed price and averaged 122 days on market prior to going under contract.

About Snug Harbor

Snug Harbor remains as one of the most desirable locations in Stuart, FL. Located on the wide Saint Lucie River just east of the city of Stuart Florida is this unique subdivision.

Snug Harbor was the vision of a group of 10 Yachtsmen, many former Commodores of the Chicago Yacht Club back in 1943. They bought the land and platted the area in September 1944 as well as forming the Snug Harbor Corporation, which controlled the ownership of the lots.

Snug Harbor Yacht Club in Stuart FL

In 1975 the deeds were distributed and/or sold to the then owners and a condominium form of ownership was established under the name of the Snug Harbor Yacht Club. With both waterfront and non-waterfront homes and estates, located just minutes away from the ocean by boat or car and also convenient to downtown Stuart, offices, restaurants and recreational areas.

Snug Harbor Yacht Club in Stuart FL

Snug Harbor is one of the finest communities in Martin County. There are only 72 home sites with a clubhouse, deep water marina, boat ramp, trailer parking and tennis courts. There is an active association with social activities year-round that make this community a very attractive place to call home.

Snug Harbor in Stuart FL

Please feel free to contact Gabe Sanders (772-323-6996), a Snug Harbor resident, if you would like any information about this wonderful community.

Snug Harbor in Stuart FL Snug Harbor in Stuart FL

 

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Snug Harbor Homes for Sale

Snug Harbor June 2018 Market Report

Vista del Lago June 2018 Market Report

Vista del Lago June 2018 Market Report

As of June 2018, there are 2 active listings in Vista del Lago in Stuart FL.  The list prices are $56,000 and $99,200 for an average list price of $77,600 which equals to $89.05 per sq. ft. of living area.

There are currently 5 condos under contract which have not closed yet.  List prices were from $59,900 up to $94,500 for an average list price of $74,240 which works out to $86.39 per sq. ft. of living area.  These condos averaged 53 days on market before going under contract.

30 condos have sold in the past 12 months. Sales prices were from a low of $45,900 to a high of $102,500 with the average sales price being $76,283. This equals $91.47 pr sq. ft. of living area. The average days on market was 52 and these condos sold on average at 96% of list price.

 Vista del Lago in Stuart FL

About Vista del Lago Condos in Stuart FL:

The Vista del Lago condominium complex consists of over 500 condos located north of the Roosevelt Bridge and west of Federal Hwy (US-1) in North Stuart.  This attractive complex is very conveniently located near shopping, restaurants and a quick drive to either downtown Stuart or Jensen Beach.  Just a few minutes more and you can be on the Ocean in either Stuart or Jensen Beach.

Vista del Lago in Stuart FL Vista del Lago in Stuart FL

Vista del Lago condos were first built in 1974 and the last one was completed in 1979.   All the buildings are two story and contain both 2 Bedroom, 2 Bath and 1 Bedroom 1 Bath units.  Sizes range from 1,014 sq. ft. of living space down to 631 sq. ft. 1 bedroom units.  Many of these condos have attractive water views as well as some with golf course views of the Pine Lakes Golf Club.

Vista del Lago in Stuart FL Vista del Lago in Stuart FL

There’s an active clubhouse with a large swimming pool as well as shuffleboard courts.  No pets are permitted in Vista del Lago and this is an age restricted (55+) community.  The HOA fees as of June 2018 were from the low $200’s for a 1 Bedroom unit to just under $300 per month for 2 Bedroom condos.

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Vista del Lago Homes for Sale

Vista del Lago June 2018 Market Report

 

Bay Colony of Stuart June 2018 Market Report

Bay Colony of Stuart June 2018 Market Report

As of June 2018, there were 2 homes available for sale in the Bay Colony of Stuart. These homes are listed for $895,000 and $1,150,000 for an average list price of $1,022,500 or $317.77 per sq. ft. of living area.

There are no homes currently under contract.

One home has sold in the past 12 months in Bay Colony.  The sales price was $737,500 or $207.75 per sq. ft. of living area.  This home sold for 98% of list price after being on the market for 100 days.

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The Bay Colony of Stuart is an exclusive gated community lying on the shores of the North Fork of the Saint Lucie River.  There are 34 home sites in Bay Colony and as of February 2018, only two vacant lots remain.

Bay Colony of Stuart

Many homes in Bay Colony are waterfront and enjoy gorgeous mile long wide open views of the river.  Homes come in sizes from 3 bedroom, 2 bathroom homes of just over 2,000 sq. ft. of living area up to a 5 bedroom, 5 bathroom home with over 5,000 sq. ft. of living space and almost 6,300 sq. ft. under roof.  Homes have been built from 1979 to the newest which was completed in 2005.

Bay Colony of Stuart Bay Colony of Stuart

This community enjoys low HOA fees of only $810 per year (June 2018) which go towards maintaining the common areas, management fees, trash pickup, and gate.

Excellent location that’s close to the Treasure Coast Mall and the shopping areas of US-1 in Jensen Beach as well as only a few minutes to the beaches of the Atlantic Ocean.

This community is in the Martin County School system and children attend the Felix Williams Elementary, Stuart Middle, and Jensen Beach High Schools.

 Bay Colony of Stuart Bay Colony of Stuart

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Bay Colony Homes for Sale

Bay Colony of Stuart June 2018 Market Report

 

River Marina May 2018 Market Report

River Marina May 2018 Market Report

For May 2018, there are 5 homes available for sale in River Marina in Stuart FL.  1 of these is a single family home and 4 are townhomes and range in price from $204,900 up to $389,888 for an average price of $256,158 or $148.62 per sq. ft. of living area.

There are 2 homes under contract (1 townhome and 1 single family detached home).  List prices were $214,900 and $348,000 for an average of $281,450 which equals $149.17 per sq. ft. of living area.  These homes went under contract in an average of 28 days after going on the market.

In the past 12 months, 25 homes have sold in River Marina (4 single family homes and 21 townhomes).  Sales prices ranged from $185,000 up to $369,500.  The average sales price was $240,935 which works out to $146.96 per sq. ft. of living area.  These homes sold on average for 98% of listing price and were under contract in an average of 75 days on market.

About River Marina in Stuart FL:

River Marina real estate in Stuart FL

River marina is a newer community consisting of 84 single family homes built from 2006 to 2008 ranging in size from 3 BR, 1600 sq. ft. homes to 5 BR homes with 3,380 sq. ft of living area. 14 of these homes are waterfront with Ocean access through the South Fork of the Saint Lucie River. The single family homes in River marina are in a gated enclave.

River Marina real estate in Stuart FL

Also available are newer townhomes in a non-gated area. Currently only about 47 townhomes have been built with plans for a total of approximately 220 units. Both 2 and 3 Bedroom townhomes are available with 1627 sq. ft. of living area and a 1 car garage. There’s a community pool and easy access to recreational areas.

River Marina real estate in Stuart FL

As of early 2016, construction has resumed for River Marina townhomes by Lennar Homes.  These new townhomes feature 3 bedrooms, 2 and 1/2 bathrooms and a single car garage with granite counter tops and stainless steel appliances.   Priced attractively in the very low $200’s.  For a new buyer discount program, please contact Gabe Sanders for details.

River Marina real estate in Stuart FL

HOA fees for the townhomes are only $110 per month while the single family homes have a $126 a month fee.  

River Marina real estate in Stuart FL

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River Marina May 2018 Market Report