Stuart FL 34997 Condo Market Report March 2018

04.18.18 by Gabe Sanders

Stuart FL 34997 Condo Market Report March 2018

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

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

There are currently 56 active condo listings (Up by 2 condos from February).

23 Condo sales are pending and awaiting close or lender approval (Down by 9 condos from February).

Stuart FL 34997 Condo Market Report March 2018

22 Condos Sold in March (Increased by 5 condos from February).

Stuart FL 34997 Condo Market Report March 2018

The Stuart FL condo market for zip code 34997 has a very low inventory of available condos for sale yet is showing strong activity with what is available.

The absorption rate dropped to 2.4 months in March compared to 3.2 months for February. Back into a strong sellers’ market for the 34997 zip code of Stuart FL. A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The March 2017 numbers were: 75 active listings, 44 pending sales, and 18 closed sales. Better closed activity this year even with a significantly reduced number of condos for sale..

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Stuart FL 34997 Condo Market Report March 2018

The Estuary April 2018 Market Report

04.18.18 by Gabe Sanders

The Estuary April 2018 Market Report

The Estuary of Stuart FL contains both homes and condos. Here is the April 2018 market report for this gated community:

Homes

There are 8 homes for sale in the Estuary. List prices range from $292,400 up to $895,000 for an average list price of $494,663 which equals $217.23 per sq. ft. of living area.

There is 1 home currently under contract. It was listed for $355,000 or $191.27 per sq. ft. of living area and was on the market for 154 days before going under contract

In the past 12 months, 14 homes have sold in the Estuary. Sales prices ranged from $207,000 up to $729,000 for an average sales price of $313,771 which works out to $175.57 per sq. ft. of living area. These homes sold for an average of 97% of list price and went under contract in an average of 70 days.

Condos

There is 1 condo currently available for purchase in the Estuary. This condo is listed for $150,000 or $139.66 per sq. ft. of living area.

There are 2 condos currently under contract. List prices were $159,900 and $180,000 which is an average list price of $169,950 or $160.16. These condos averaged 9 days on the market prior to going under contract.

In the past 12 months, 4 condos have sold in the Estuary. Sales prices were from $147,000 up to $181,100 for an average sales price of $159,025 which works out to $137.27 per sq. ft. of living area. These four condos averaged 32 days on market and sold for an average of 102% of the last list price.

About the Estuary

The Estuary of Stuart Florida, located in North Stuart, Florida and often mistaken for being a part of Jensen Beach Florida is a gated community with a variety of homes ranging from condos, to 1980’s vintage homes, to newer villas as well as waterfront homes with deep water docks.
The Estuary of Stuart Florida is very conveniently located on the banks of the North Fork of the Saint Lucie River, just minutes from the Treasure Coast Mall and the shopping and dining areas of the US-1 corridor in Jensen Beach.

Different sections of the Estuary include well appointed 2 and 3 bedroom condos with pool and lake views. A select number of condos have mile wide river views of the Saint Lucie River. An inland section of varying styles, sizes and shapes of homes built from the early 1980’s and also called River Shores Plantation. In 2002, a section of the Estuary was added with villas and smaller single family homes on Tillia Trail with their own community pool. Larger single family homes were also added at this time along Estuary Court, Plumbago Trail and the western section of NW 21’st Terrace. This section also boasts a community dock suitable for good sized vessels with ocean access just a few minutes away at the Saint Lucie Inlet. Homes on Plumbago Trail also enjoy spectacular wide water views. The Estuary is truly a wonderful place to call home.

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The Estuary April 2018 Market Report

Stuart FL 34997 Residential Market Report March 2018

04.17.18 by Gabe Sanders

Stuart FL 34997 Residential Market Report March 2018

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

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

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

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

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

The Stuart Florida Residential Market for ZIP Code 34997 continues to show very strong sale activity.

The absorption rate decreased to 3.2 months (was 4.7 months for February). Into an even stronger seller’s market for the 34997 zip code area of Stuart for March 2018. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.

The 2017 numbers for March, were: 332 active listings, 189 pending listings, and 94 closed sales. Slightly greater activity last year but with a greater inventory of available homes for sale.

Stuart FL 34997 Residential Market Report March 2018

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Stuart FL 34997 Residential Market Report March 2018

Creekside April 2018 Market Report Palm City Florida

04.17.18 by Gabe Sanders

Creekside April 2018 Market Report Palm City Florida

For April 2018 there is one home listed for sale in the Creekside community of Palm City. This home is listed for $454,900 or $148.76 per sq. ft. of living area.

There are no homes currently under contract in the Creekside subdivision of Palm City.

In the past 12 months, 1 home has sold in Creekside. The sales price was $365,000 which equates to $119.36 per sq. ft. of living area. This home was on the market for 18 days before going under contract and sold for 97% of the list price.

About Creekside in Palm City

A small gated community in Palm City FL with only 18 homes. This is a Kolter built community that was constructed from 2013 to 2014.

Homes in Creekside are all 4 Bedrooms or greater with 3 or more bathrooms and most are 2 stories with 2 car garages. Sizes of the homes range from just over 2,000 sq. ft. of living area up to over 3,000. Some of the homes have private pools. There are no community amenities in Creekside which helps keep the HOA fees a very reasonable $120 per month.

Creekside is off of Sunset Trail in Palm City which makes it a quiet and private secluded location, yet still just minutes away from excellent shopping, restaurants as well as access to the numerous water ways, beaches and golf courses the Martin County and the Treasure Coast of Florida have to offer.

A very desirable community for children as this is an ‘A’ rated school district currently zoned for the Palm City Elementary School, Hidden Oaks Middle School and Martin County High School.

Here are the currently available homes for sale in Creekside

Creekside April 2018 Market Report Palm City Florida

Stuart FL 34996 Condo Market Report March 2018

04.16.18 by Gabe Sanders

Stuart FL 34996 Condo Market Report March 2018

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

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

There are currently 139 active condo listings (Down by 2 condos from last month).

55 Condo sales are pending and awaiting close or lender approval (Unchanged from February).

29 Condos Sold in March (Unchanged from February)

The Stuart FL 34996 Condo Market of Stuart showed almost no change in activity from last month.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 inched down to 4.8 months from February’s 4.9 months. Remaining in a sellers’ 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 March 2017 were: 148 active listings, 58 pending sales and 36 closed sales. Better activity last year on a slightly higher inventory.

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Stuart FL 34996 Condo Market Report March 2018

Suntide Condos on Hutchinson Island April 2018 Market Report

04.16.18 by Gabe Sanders

Suntide Condos on Hutchinson Island April 2018 Market Report

For April 2018, there are 2 condos on the market in Suntide on Hutchinson Island in Stuart FL. Listing prices are $339,000 and $385,000 which is an average list price of $362,000 that equals $302.57 per sq. ft. of living area.

There are no condos under contract at this time.

There have been 6 condos sold in the past 12 months in Suntide. The sales prices ranged from $190,000 up to $312,500 for an average sales price of $260,417 which equals $208.67 per sq. ft. of living area. These sales averaged at 96% of the last list price and also were on the market for an average of 111 days before accepting an offer that led to the sale.

About the Suntide Condominiums of Hutchinson Island in Stuart Florida:

Located on Hutchinson Island in uncrowded and unspoiled Martin County, the Suntide Building is one of the premier ocean front condos in Stuart, Florida. Boasting truly fine amenities with a protected pool, private beach access and hard to find under building protected parking. There’s a full clubhouse with a fitness center, pool table, card room, library, full kitchen and reading room.

Suntide has all two bedroom, two bath condos that come in four different configurations and sizes. The largest of these feature an office, sitting room than can possibly double as an extra bedroom. Many units have direct and unspoiled ocean views. One of the best run associations in Stuart, this fine complex is always a desirable destination for those who have made it their permanent residence as well as those who enjoy it as a vacation get away.

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Suntide Condos on Hutchinson Island April 2018 Market Report

Fox Run Palm City Market Report April 2018

04.15.18 by Gabe Sanders

Fox Run Palm City Market Report April 2017

For April of 2017 there are 3 homes for sale in Fox Run in Palm City. Listing prices ranged from $415,000 up to $595,000 for an average list price of $509,967 which works out to $245.99 per sq. ft. of living area.

Also, no homes under contract.

In the past 12 months, 2 homes have sold in Fox Run. Sales prices were $240,000 and $530,000 for an average sales price of $385,000 which equals to $204.90 per sq. ft. of living area. These homes sold for an average of 97% of their last listed price and averaged 19 days on market before going under contract.

About Fox Run in Palm City Florida:

Fox Run is a waterfront community on the Hidden Rive and just north of Murphy Road between Matheson Avenue and High Meadows Avenue. Only 57 homes in this community and they were built from 1979 through 2005. 11 homes are on the banks of the Hidden River with deep water ocean access docks. The remaining homes have exclusive access to a boat ramp as well as a large lot to store trailers and RV’s.

Homes are of a wide variety of sizes and shapes ranging from 4 bedroom, 3 bathroom homes of over 3,000 square feet of living area to just over 1,200 sq. ft. homes with 2 bedrooms and 2 bathrooms.

Other than the boat ramp and the storage/parking lot there are no other amenities in Fox Run keeping the HOA fees to a very reasonable $350 a year.

Close to shopping, restaurants and with easy access to Florida’s Turnpike for those commuting either north or south, this quiet residential area is the perfect spot for families or couples looking for a great neighborhood with access to boating and fishing.

Currently, children living in Fox Run are scheduled to attend Bessey Creek Elementary, Hidden Oaks Middle and Martin County High Schools.

Search for Fox Run real estate here!

Fox Run Palm City Market Report April 2017

Stuart FL 34996 Residential Market Report March 2018

04.13.18 by Gabe Sanders

Stuart FL 34996 Residential Market Report March 2018

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

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

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

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

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

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

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

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

Stuart FL 34996 Residential Market Report March 2018

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Stuart FL 34996 Residential Market Report March 2018

Island Crest Oceanfront Condo #909 Sold Above List Price

04.13.18 by Gabe Sanders

Island Crest Oceanfront Condo #909 Sold Above List Price

This Oceanfront Condo with tremendous views and in need of some updating sold for over 6% above the list price of $219,000 and closed 8 days after going under contract (15 days after being listed).

This 2 bedroom, 2 bathroom condo in the Island Crest building of Jensen Beach on Hutchinson Island is priced well below market value as the executive of the estate wants it sold. This unit comes fully furnished and has beautiful ocean views as well as river views from the front. This unit has a tankless water heater and the AC was new in 2009. Island Crest has 2 pools, a spa, common area in the main building, tennis courts, and a detached clubhouse with a fitness room and another lounge which is shared with the Oceana South Building. This condo is in need of updating. There is also a drive-through car wash and the grounds are protected by a gated entry. Please contact your Realtor for information about making an offer on this condo. One pet less than 30 lbs. is allowed and there is a 90-day minimum rental period.

About Island Crest Condos on Hutchinson Island

The Island Crest Condominium building in Jensen Beach FL on Hutchinson Island was built in 1981 and is a 12 story complex with 126 residential condos. Sizes range from 2 bedroom, 2 bath units with either 1,119 or 1,023 sq. ft. of living area (plus balconies) down to 1 bedroom, 1 bath condos of 899 sq. ft.

Located north of the Jensen Beach Causeway and south of the Waveland public beach, Island Crest has many upscale amenities. These include 2 pools, Jacuzzi, clubhouse with social areas and 2 kitchens, fitness room, ocean view billiards, bocce court, 2 tennis courts, basketball, grilling area, car wash and private beach access.

1 small pet is permitted and rentals are allowed with a minimum of 3 months. Island Crest is one of the few condos on Hutchinson Island where trucks are permitted (no commercial trucks). Condo fees are $480 per month (As of October 2016) and include Cable, Common Areas, Elevator, Exterior Electric, Grounds / Plants, Insurance-Bldg, Janitor, Lawn Care, Maintenance Exterior, Management Fees, Pest Control, Pool Service, Reserve Funds, Roof Maintenance, Sewer, Trash Removal, Water.

Click here to see the currently available Island Crest Condos for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you November wish to consider:
Admiral – Atlantis – Claridge – Dune Walk – Empress – Island Club – Island Dunes – Islandia – Miramar – Miramar Royale – Ocean Dunes – Oceana North – Oceana Oceanfront – Oceana South – Ocean Towers – Oceanrise – Ocean Bay Villas – Princess – Regency – Sand Dollar Shores – Sea Winds – Villa del Sol

Island Crest Oceanfront Condo #909 Sold Above List Price

Stuart FL 34994 Condo Market Report March 2018

04.12.18 by Gabe Sanders

Stuart FL 34994 Condo Market Report March 2018

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

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

There are currently 127 active condo listings (Up by 2 condos from February).

67 Condo sales are pending and awaiting close or lender approval. (Increased by 12 condos from last month)

26 Condos Sold in February (Decreased by 2 condos from February).

The Stuart FL 34994 Condo market continues to show positive resilts with strong pending activity and just a slight drop in closed sales from last month.

The absorption rate for February inched up to 4.9 months compared to last month’s 4.5. Remaining in a 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 March the numbers were 88 active listings, 38 pending sales, and 21 closed sales. Considerably greater sales activity this year along with a greater inventory of available condos for sale.

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Stuart, FL Real Estate

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Stuart FL 34994 Condo Market Report March 2018

Maritimes April 2018 Market Report

04.12.18 by Gabe Sanders

Maritimes April 2018 Market Report

As of April 2018, there is only 1 condo on the market in the Maritimes Condos and Townhomes on Hutchinson Island in Stuart FL. The list price is $425,000 or $232.88 per sq. ft. of living area.

There are no Maritimes condos or townhomes currently under contract.

There have been 6 condos sold in the past 12 months in the Maritimes. The sales prices ranged from $260,000 up to $550,000 for an average sales price of $386,583 which works out to $244.63 per sq. ft. of living area. These condos sold for an average of 96% of the listed price and were on the market for an average of 37 days before going under contract.

About the Maritimes on Hutchinson Island

The Maritimes is one of the prime ocean to river communities on South Hutchinson Island in Stuart, FL. Offering larger than normal homes on both the river and Oceanside settings. The riverside (or Maritimes West has a lovely private sandy beach with kayak storage for those not wishing to play in the surf or for those days when it’s a bit windy on the beach side. The Oceanside (Maritimes East) has private beach access as well as a heated pool when you’re finished frolicking in the crystal clear waters of the Atlantic Ocean.

The Maritimes condos were constructed between 1975 and 1988. With the oceanfront units being built first. Living square footage range from just under 1300 sq. ft. 2 Bedroom condos with over 2100 sq. ft .condos and townhouses with 3 Bedrooms plus dens and a garage.

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Maritimes April 2018 Market Report

Stuart Florida 34994 Residential Market Report March 2018

04.11.18 by Gabe Sanders

Stuart Florida 34994 Residential Market Report March 2018

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for March 2018

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

There are currently 75 active listings (Down by 6 homes from February)

34 Residential sales are pending and awaiting close or lender approval (Decreased by 7 homes from last month).

27 Homes Sold in February (Increased by 14 homes from February)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida lost a little inventory after two months of some gains. Sales for the month were very strong while pending sales were down but still impressive.

The one-month absorption rate for the 34994 zip code for February plunged to 2.8 months from 6.2 months for February. Into a very strong seller’s market for the 34994 zip code area of Stuart, FL. A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The March 2017 numbers were 69 Active Listings, 34 pending sales, and 15 closed sales. One of the few areas of Martin County with increased inventory from last year. Sales were also much better for this year.

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