Realtor REO Homes For Sale Stuart RE

Last Revision On Friday September 19, 2011 1:35pm

Realtor REO Homes For Sale Stuart RE/MAX Of Stuart Florida Martin Saint Lucie County Foreclosures

Phil Dean Realtor® RE/MAX Of Stuart

REO Specialist in Florida: Serving Martin County & Saint Lucie County

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Zip Codes Of Service Area
33455 34949 34950 34952 34953 34957 34982 34983 34984 34986 34990 34994 34997

Cities & Towns
Fort Pierce º Port Saint Lucie º Stuart º Jensen Beach º Sewall's Point º Palm City º Hobe Sound
Designations
CRS º E-PRO º Five Star Professional º 203(k) Specialist

On-Line Platforms
AMN FNMA Asset Management Network º ResNet; º Equator (Platinum Certification) º Reo Trans

2011 -- 1st Six Months Home Sales on Florida's Treasure Coast

Prices of "Older" Homes vs. "Newer" Homes

The tables below are for "Older" homes built between 1990 and 2000.
Below these tables, in red typeface, are sales of "Newer" homes built l2001-2010. This information separates homes constructed before the real estate frenzy that started in in the early 2000's from the mass produced houses constructed during the boom years.

The tables are for the "basic" non-waterfront 3-bedroom, 2-bath homes with 2 car attached garage but with no swimming pool -- the predominant floor plan that most buyers are looking for.

Note that table on left is sorted by Zip Code and the one on the right by total number of sales during the period - which indicates the "hottest" areas of real estate on the Treasure Coast.

The tables in the right hand column show that more homes are sold in 3 ZIP code areas of the City of Port Saint Lucie than any other area of the Treasure Coast including, Fort Pierce, White City, Stuart, Palm City.

Everything else being equal, the majority of homebuyers would want to purchase a newer home rather than an older home built in the 90’s. They generally feel they

can save money on maintenance items like the roof and appliances; and they are likely to get a more updated floor plan and interior finish such as tile, wood, Corian or granite as opposed to vinyl and Formica common in 15-20 year old homes. However what premium must one pay to acquire the more modern home? The table below tells the story.

Information obtained from The Realtor Association of Martin County and is deemed accurate but not guaranteed.

In some areas, 34951,34952, 34984, 34986 and 34990 the additional average sale price for a newer home is less than 10%. One implication of this is that the home prices have succumbed to the correction of the bursting real estate bubble and have declined to pre-boom levels of the late 90’s. Indeed, in at least two areas of Saint Lucie County and Martin County the average newer home price is spectacularly lower than it’s 90’s counterpart: PSL Zip Code 34982 and Martin County Zip Code 34997 (Greater Stuart area). Perhaps these areas warrant a closer look by prospective buyers in search of a “real bargain”.

To find the geographical areas corresponding to the ZIP Codes in the tables aboveFlorida visit

http://www.zipmap.net/Florida.htm

The Martin County amd Saint LucieCounty telephone books also have local maps that designate Zip Code areas. A Saint Lucie County map overprinted with Zip areas can be obtained from thje Realtor Association Of Martin County at

43 Monterey Rd, Stuart, FL 34994. Tel: (772) 283-1748

SPECIAL REPORT YTD 2010 Ending September 30

SPECIAL REPORT YTD 2010 Ending Sep 30th

The table below is for 3BR/2BA/2AG Homes With No Pool or WF
Data Compiled 30-Sep-2010 from data provided by the Realtor Association Of Martin County

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