Home Prices in Stuart, FL for March 2013

By
Real Estate Agent with Keller Williams Realty of the Treasure Coast 3068211

Real estate market data for Stuart, FL provided by Eric Slifkin of The Stuart Home Search Real Estate Team.

Stuart Home Prices Listing prices for both resale and new homes have been trending upwards on home prices in Stuart, Florida over the past several months. I  expect this trend to continue into the Summer and beyond. If you are considering buying a home you can still find deals on houses in Stuart, but working with a seasoned real estate agent who understands the local market will help locate the best properties for you. Don’t wait on the sidelines for too long though, as many listings in sought after areas and foreclosed properties are starting to sell within a few days of hitting the market.

As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home (or bid too low), you'll want to have an agent that does a thorough market analysis of the Stuart home on which you are making an offer. If you are interested in how much current inventory is on the market in Stuart you can find that information by clicking here. Presently, we are experiencing limited inventory in Stuart and the surrounding area, which indicates a shift to a seller's market. Regardless, many homes still have a median time of 114 days on the market before they sell, providing opportunities for savvy buyers to  make aggressive offers on homes. That said, sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Stuart has multiple offers coming in on desirable homes similar to what we saw back in 2005.

I wouldn't expect home prices to run up quite as fast as they did back then, as banks have gotten a lot stricter on lending guidelines.  A still challenging (but improving) job market and cautious home buyers are also keeping the market in check, but low inventory is one indicator that prices should continue to rise.

Market Insider 

Stuart Real Estate Report Summary

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The median list price in March for single family homes in Stuart is $249,870. The list prices decreased by -0.03% from the previous month. The price per square foot for listings in this area is $191. The median sale price in February for single family homes is $451,000. The sale prices increased by 287.12% from the previous month. The price per square foot for sales in this area is $149.

Find Homes for Sale in Stuart, FL

Visit my website to search for homes in Stuart or to be notified when Stuart homes come on the market. To find out what you home is worth in the current market email me or call772-288-1765.

Source: www.StuartFlorida.co

Posted by

This post has been authored by Eric Slifkin, REALTOR® serving South Florida's Treasure Coast. You can reach me at 888-288-1765. As your resource for information on new or resale homes throughout the Treasure Coast, please be sure to contact me about any home you may find on the Web, yard sign or ad and I will research the property, arrange showings and handle all the details. For the latest Treasure Coast and Stuart, Florida MLS listings, please visit my Web site at www.TreasureCoastHomeSales.com

Comments (3)

Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Thank you for sharing this in depth market report.  It is a great way to learn about a market, and you are the best agent!  People should be seeking ou out for your market knowledge!

Apr 02, 2013 09:54 PM
Eric Slifkin
Keller Williams Realty of the Treasure Coast - Palm City, FL
PA

Thanks, Jim

Apr 02, 2013 10:03 PM
Yoni Miller
Advanced Commission - Boca Raton, FL

Hi Eric, I am glad to see home prices are slowly starting to recover. I do agree that they will not rise as quickly as before due to banks having more stringent requirements for mortgages. I think it will be a good summer for real estate though. 

Thanks!

Apr 02, 2013 11:37 PM

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