Stuart FL 34996 Condo Market Report December 2018

Stuart FL 34996 Condo Market Report December 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2018

For December 2018 in the 34996 Zip Code area of Stuart, Florida :

There are currently 124 active condo listings (Up by 5 condos from last month).

Stuart FL 34996 Condo Market Report December 2018

26 Condo sales are pending and awaiting close or lender approval (Down by 7 condos from November).

Stuart FL 34996 Condo Market Report December 2018

27 Condos Sold in December (Up by 3 condos from November) 

Stuart FL 34996 Condo Market Report December 2018

The Stuart FL 34996 Condo Market of Stuart showed an increase in sales but a decrease in pending sales from last month.  Though, the activity remains quite strong.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dipped to 4.6  months from November’s 5.0 months. Transitioning back into a seller’s market for this segment of Martin County condos.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for December 2017 were: 134 active listings, 35 pending sales, and 20 closed sales.  Better closed sales activity this year but better pending sales last year.  One of the few areas with a lower inventory this year.  I expect this to change in the coming months.

Stuart FL 34996 Condo Market Report December 2018

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Stuart FL 34996 Condo Market Report December 2018

Stuart FL 34994 Condo Market Report December 2018

Stuart FL 34994 Condo Market Report December 2018 

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

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

There are currently 100 active condo listings (Up by 4 condos from November).

Stuart FL 34994 Condo Market Report December 2018

44 Condo sales are pending and awaiting close or lender approval. (Decreased by 4 condos from last month) 

Stuart FL 34994 Condo Market Report December 2018

17 Condos Sold in December (Up by 8 condos from November).

Stuart FL 34994 Condo Market Report December 2018

The Stuart FL 34994 Condo market rebounded with an increase in closed sales while a slight decrease in pending sales, but remaining as a very active market.

The absorption rate for December dropped to 5.9 months compared to last month’s 10.7.  Back into a seller’s market after one month of a buyer’s market for this condo segment of Stuart’s 34994 zip code area.  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 December the numbers were 91 active listings, 35 pending sales, and 15 closed sales.  A better volume of sales and pending sales this year with only a slightly higher inventory.

Stuart FL 34994 Condo Market Report December 2018

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Stuart FL 34994 Condo Market Report December 2018 

 

Circle Bay Waterfront Condos Stuart FL January 2019 Market Report

Circle Bay Waterfront Condos Stuart FL January 2019 Market Report

As of January 2019, there are 7 condos for sale in the Circle Bay Yacht Club of Stuart FL.   Listing prices range from $135,000 up to $287,000.  The average listing price $219,307 which equals a price per square foot of living area of $218.70.

There is one Circle Bay condo under contract at this time.  This condo was listed for $269,00 or $269.63 per sq. ft. of living area.  It went under contract 12 days after being listed.

In the past 12 months, 21 Circle Bay Waterfront Condos have sold.  Sales prices ranged from a low of $110,000 up to $278,000.  This equals an average sales price of $182,190 which is $177.69 per sq. ft.  These condos sold for an average of 95% of the last listed price and in an average of 86 days on market prior to accepting an offer that resulted in the sale.

About the Circle Bay Yacht Club Condos in Stuart FL:

Circle bay Yacht Club Stuart FL

The Circle Bay Yacht Club is an active waterfront 55+ condo community with docks (for boats up to 36′) that have easy wide river and ocean access. Docks are not deeded, rather rented at reasonable monthly rates.

Circle bay Yacht Club Stuart FLThere are 295 condos in 14 buildings that were constructed from 1974 to 1982. A number of buildings have elevators. Unit sizes vary from a low of 1 bedroom, 1 & ½ bathroom condos of 751 sq. ft. of living area up to 2 bedroom, 2 bathroom ones with 1,294 sq. ft. Covered carports are provided as well as ample guest parking.

Circle bay Yacht Club Stuart FL

Heated pools, grills, etc. are some of the numerous amenities available for residents of the Circle Bay Yacht Club. The clubhouse also boasts a hobby shop with tools available for use by the residents. Rentals are permitted with restrictions. Sorry, no pets are permitted in Circle Bay. Circle bay Yacht Club Stuart FLAs of January 2019, the monthly condo fees were from $350.00 to $400.00 depending on the location and size of the condo.  This fee includes  Basic Cable, Fire/Liability Insurance, Grounds / Plants, Exterior Maintenance,  Manager, Pest Control, Recreational Facilities, Reserve Funds, Roof Maintenance, Security, Sewer, Trash Removal, and Water.

 

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Circle Bay Waterfront Condos Homes for Sale in Palm City Florida

 

Circle Bay Waterfront Condos Stuart FL January 2019 Market Report

Riverwood Condos Indian River Plantation January 2019 Market Report

Riverwood Condos Indian River Plantation January 2019 Market Report

There are currently 2 condos for sale in the Riverwood Condos of Indian River Plantation.  These condos are listed for $295,000 and $560,000.  This is an average list price of $427,500 or $254.82 per sq. ft. of living area.

There are no condos currently under contract.

In the past 12 months, 3 condos have sold in Riverwood.  Sales prices ranged from $240,000 up to $560,000.  This is an average sales price of $440,000 which equals $298.57 per sq. ft. of living area. These condos were on the market for an average of 21 days before going under contract and sold for 99% of list price.

About Riverwood Condos in Indian River Plantation:

The Riverwood condos of Hutchinson Island in the Indian River Plantation complex of Stuart consist of 12 smaller two-story buildings close to the Marriott Resort and full-service marina in Indian River Plantation.  These condos were completed in 1981 and 1982 with many condos having magnificent wide water views of the Intracoastal Waterway also knows as the Indian River and others with sweeping views of the Indian River Plantation Golf Course and lakes.

Riverwood Condos in Indian River Plantation

There are 60 spacious condos with a mix of three bedroom- three bath, 2 bedroom-2 bath, and 1 bedroom-1 bath units.  Sizes range from a very spacious 2,065 sq. ft. down to the 911 sq. ft. for the 1 bedroom condos.

Riverwood Condos in Indian River Plantation

Riverwood residents enjoy their own community pool and tennis court for Riverwood resident’s exclusive use.  There is ample parking with one assigned space per condo and guest spaces as well as a number of detached garages for some units.  This is a pet-friendly community with up to two large pets allowed.  Rentals are also permitted with a one-month minimum.

Riverwood Condos in Indian River Plantation

Current condo and management fees are from $600 per month.

Click here to view available Riverwood Condos for Sale

 

The Marriott Resort at Indian River Plantation Features:

Indian River Plantation consists of numerous condominium associations and buildings.  All styles from Oceanfront to Riverfront and Golf and Tennis villas can be found here.  IRP is associated and co-located with the Marriott Resort and Marina.

Indian River Plantation

Tucked away on Hutchinson Island, the Treasure Coast’s 16-mile lush barrier island is a unique resort that greets guests with the warmth of true Southern hospitality.

The Hutchinson Island Marriott Beach Resort and Marina stretches across 200 acres of plantation landscape on Hutchinson Island, bordered on one side by the Atlantic Ocean and by the shimmering Indian River on the other side.

Indian River Plantation

A newly remodeled lobby with sweeping draperies, plantation-style wood furnishings and tropical tones sets the stage for a magical golf getaway. This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Indian River Plantation

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. Plantation East, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

The Hutchinson Island Marriott offers guests and residents two tiki bars and their Signature Restaurant, the Baha Grille. Thirteen Novagrass tennis courts, miles of unspoiled beaches, water sports, deep sea fishing, and a full-service 77-slip marina anchored on the Indian River round out a perfect vacation of sun and fun.

Indian River Plantation

Resort amenities also include three heated pools with sundecks, game rentals from the Activities Hut, two outdoor spas and supervised activities for both children and teens.

Additional Indian River Plantation Condos you may wish to consider:
BayviewBeachwalkDunes ClubFairway VillasInlet VillageLakesideOcean HouseOcean TerracePlantation Club VillasPlantation HouseResort VillasRiver VillageRiverbendTennis Villas

 

 

 

Vista del Lago December 2018 Market Report

Vista del Lago December 2018 Market Report

As of December 2018, there are 5 active listings in Vista del Lago in Stuart FL.  The list prices ranged from $79,000 up to $129,400 for an average list price of $96,708 which equals $104.27 per sq. ft. of living area.

There are currently 4 condos under contract which have not closed yet.  List prices were from $75,000 up to $99,900 for an average list price of $84,950 which works out to $104.92 per sq. ft. of living area.  These condos averaged 23 days on market before going under contract.

30 condos have sold in the past 12 months. Sales prices were from a low of $53,250 to a high of $110,000 with the average sales price being $77,987. This equals $91.09 per sq. ft. of living area. The average days on market was 50 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 stories 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 range 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 December 2018 Market Report