Florida Single Family Homes January 2017 Market Detail

Florida Single Family Homes January 2017 Market Detail

The Florida Single Family Homes Market Detail for January 2017 showed continued positive sales activity from last year, though at a reduced rate of growth.  Closed sales were up by 5.2% (was up by 0.8% in December) and new sales under contract (new pending sales) were up by 3.8% (was down by 1.1% in December).

Both the median and average sales prices continued to rise from January 2016 to January 2017.  Up by 10.1% and 4.0% respectively, compared to December’s 9.2% and 2.0%.

The inventory of available homes for sale fell by 0.7% from last year.  For January there was a 4.2 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (January of 2016 had a 4.3 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory is once again decreasing which continues to put pressure on rising prices and sales.

Florida Single Family Homes January 2017 Market Detail

Click here to view or download the full report:

Florida Single Family Homes January 2017 Market Detail

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Florida Single Family Homes January 2017 Market Detail

Danforth in Palm City February 2017 Market Report

Danforth in Palm City February 2017 Market Report

As of February, 2017:

There are currently 2 active listings for sale in Danforth.  The list prices for these Danforth homes are $424,500 and $475,000 for an average list price of $449,750 or $173.54 per sq. ft. of living area.

3 homes are currently under contract.  The list prices of these pending sales range from $349,500 up to $450,000 with the average being $388,000 which equates to an average price per sq. ft. of living area of $171.00.  These 3 homes averaged 98 day on the market before going under contract.

In the past 12 months 18 homes have sold in Danforth.  The sales prices ranged from $$300,000 up  to $450,000.  The average sales price was $382,981 or $159.40 per sq. ft. of living area.  These sold listings averaged 44 days on the market before going under contract and sold at 97% of the list price.

Danforth in Palm City Florida is wonderful family subdivision with 335 homes of all sizes and shapes with a wonderful family friendly neighborhood feel.  Well located in palm City off SW Martin Highway and within walking distance of both the Palm City Elementary and Hidden Oaks Middle Schools.  Both of these schools are top rated in the Martin County school system as well as in the State of Florida.

Many homes are lakefront with beautiful views and a wonderful private feeling, yet this community is within a mile of the new Publix and also close to restaurants and medical facilities.  Easy access to downtown Stuart as well via the new Veteran’s Memorial Bridge from Palm City to Stuart.  Also just a couple of minutes to Florida’s Turnpike for those wishing to either commute or to make a short trip to West Palm Beach or other points just North or South.


Danforth features low HOA fees of $328.00 per quarter (as of July 2017).  Construction in Danforth was first completed in 1990 with most homes dated from then to the late 1990’s and at least one home completed in 2001.  This planned unit development (PUD) was developed by Danforth Development Inc. and various builders took part in the construction of the homes.  Here is the Danforth Home Owners Association web site.  Danforth just added an remote code controlled entry gate system in 2014.

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Danforth in Palm City February 2017 Market Report

 

Suntide Oceanfront Condo 104 Under Contract

Suntide Oceanfront Condo 104 Under Contract

Suite 104 in Suntide is now pending, though backup offers are being accepted.  View more pictures and information about this condo here.

Ocean Access from the Suntide Condo on Hutchinson Island

A spacious condo with just under 1,800 sq. ft. of living area in the Suntide Condominium of Stuart FL. This 2 bedroom, 2 bathroom condo has been well maintained and offers ample storage as well as plenty of flex room if you need more space for additional visitors. The enclosed patio offers great peeks at the Ocean and green space. This first floor condo also has additional storage, under building parking, community pool, sundeck, exercise room, clubhouse with kitchen and party area as well as billiards and a game room. All in a wonderful oceanfront location that is close to the Publix market as well as downtown Stuart.

Pool of Suntide Condo on Hutchinson Island Pool of Suntide Condo on Hutchinson Island

About Suntide Condos on Hutchinson Island

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.

Fitness Room in the Suntide Condo on Hutchinson Island Game room in the Suntide Condo on Hutchinson Island

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.

Tennis Courts of Suntide Condo on Hutchinson Island Shufleboard Courts in Suntide Condo on Hutchinson Island

As of November 2016, condo fees in Suntide varied from $450 to $570 a month depending on the size of the condo. This fee includes Cable, Common Areas, Elevator, Insurance-Bldg, Lawn Care, Manager, Master Antenna/TV, Parking, Pest Control, Reserve Funds, Roof Maintenance, Sewer and Water.

Under Building Parking for the Suntide Condo on Hutchinson Island Pool of Suntide Condo on Hutchinson Island

Sundeck of the Suntide Condo on Hutchinson Island Suntide Condo on Hutchinson Island

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Hobe Sound FL 33455 Condo Market Report January 2017

Hobe Sound FL 33455 Condo Market Report January 2017

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for January 2017

 

For January 2017 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 13 active condo listings. (Up by 2 condos from December)

Hobe Sound FL 33455 Condo Market Report January 2017

1 Condo is pending and awaiting close. (Down by 1 pending condo from December)

Hobe Sound FL 33455 Condo Market Report January 2017

14 Condos sold in January. (Increased by 10 closed sales from December)

 Hobe Sound FL 33455 Condo Market Report January 2017

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  This was a big month for closed sales, the best for the year in Hobe Sound Condos.  Inventory remains challenged and only 1 pending sale for the month.

The absorption rate for Hobe Sound condos was 0.9 months for January (was 2.75 in December).  Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that do not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The January 2016 numbers were: 6 active listings, 2 pending sales and 0 closed sales.  It’s very difficult to make meaningful comparisons with such low numbers of sales and inventory, though this segment appears to be returning to more normal volume.

Hobe Sound FL 33455 Condo Market Report January 2017

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Hobe Sound FL 33455 Condo Market Report January 2017

Windstone Palm City February 2017 Market Report

Windstone Palm City February 2017 Market Report

Windstone real estate in Palm City FL

As of February, 2017:

There is currently 1 active listing for sale in Windstone.  This home is listed at $630,000  which is $188.45 per sq. ft. of living area.

There are 2 homes under contract and awaiting sale in Windstone. These homes were listed for $549,000 and $639,000 for an average list price of $594,000 or $204.59 per sq. ft. of living area.

In the past 12 months 5 homes have sold in Windstone.  The sales prices ranged from $475,000 to $580,000.  The average sales price was $519,000 which equals $172.90 per sq. ft. of living area.  These sold listings averaged 164 days on the market before going under contract and sold for 96% of the list price.

Windstone real estate in Palm City FL

Formerly known as Rivers End and now re-named to Windstone. Featuring spacious waterfront homes, Windstone Palm City February 2017 Market Report is a safe and peaceful gated community in Palm City that has gorgeous views of Florida nature preserves around nearly every home.

Windstone real estate in Palm City FL

Larger lot sizes of half acre and more in these newer homes are the rule.  The neighborhood itself is very un-crowded with only 110 existing homes.  Some vacant lots are still available for purchase for those wishing to build their dream home in Windstone Palm City February 2017 Market Report, one of the premier neighborhoods in one of the best cities in Martin County!

Windstone real estate in Palm City FL

Windstone Palm City February 2017 Market Report is within close range to “A” rated school, I-95 and Florida’s turnpike making this a great place for locals or commuters to call home!

Windstone real estate in Palm City FL

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Windstone Palm City February 2017 Market Report