Florida Townhouses and Condos May 2017 Market Detail

Florida Townhouses and Condos May 2017 Market Detail

The Florida Townhouses and Condos Market Detail for May 2017 showed continued growth when compared to last year.   Closed sales were up by 8.0% as compared to last month’s decrease of 4.0% and new sales under contract (new pending sales) increased by 8.0% (In April there was a 5.5% decrease).

Prices rose for the month.  Median sales prices were up by 8.1% (was up by 7.2% in April), while the average sales price decreased by 8.0% (was down 0.9% in April).  Back to steadily increasing values.

The inventory of active listings decreased by 1.5% from May of last year.  For May 2017 we have 6.0 months of inventory (was 6.1 months in April) and compared to 6.1 months for May 2016.  We remain in a balanced market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos May 2017 Market Detail

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos May 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 Townhouses and Condos May 2017 Market Detail

River Watch on Hutchinson Island June 2017 Market Report

River Watch on Hutchinson Island June 2017 Market Report

In June 2017, there are three homes for sale in the River Watch community of Hutchinson Island in Jensen Beach FL.  These homes are listed for prices ranging from $625,000 up to $758,888 for an average list price of $676,296 which works out to $374.13 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months, 3 River Watch homes have sold.  Sales prices ranged from $325,000 up to $685,000 for an average sales price of $463,333 which is $249.29 per sq. ft. of living area.  These homes averaged 97 days on market before going under contract and sold for an average of 92% of list price.

About River Watch on Hutchinson Island:

Located only a short distance north of the Jensen Beach Causeway and just across the Saint Lucie County line, there is a wonderful small community by the name of River Watch.  These are single family homes ranging from a modest 2 bedroom and 2 bathroom residence with around 1,400 sq. ft. of living area plus a garage up to a spacious 4 bedroom, 3 bathroom with 3,400 sq. ft. of living area and your very own private dock and access to the Intracoastal waterway which is also known as the Indian River.  There are 30 homes in this community which is adjacent to the Windmill Village community and shares the Aqua Ra Road which accesses both subdivisions from A-1-A.

River Watch on Hutchinson Island

Most of these homes are waterfront with access to the Intracoastal Waterway, but suitable mostly for shallower draft vessels and the unusual stipulation that they access the river without the use of gas motors, so only human or electric power for that initial stretch of water.

River Watch on Hutchinson Island River Watch on Hutchinson Island

River Watch residents also have easy access to the beautiful beaches on Hutchinson Island by simply walking across the street to their private beach or a short ride to many of the public access beaches available in both Saint Lucie and Martin County beaches.

This is a non-gated community with a very reasonable $220 a month HOA fee which includes your landscaping as well as basic cable TV (as of June 2017).

River Watch on Hutchinson Island River Watch on Hutchinson Island

This excellent location makes it easy to go grocery shopping, boating, spend days on the beach, restaurants and to enjoy all the wonderful amenities offered on the Treasure Coast of Florida.

Click here to see if any homes are available to purchase in River Watch on Hutchinson Island

Florida Single Family Homes May 2017 Market Detail

Florida Single Family Homes May 2017 Market Detail

The Florida Single Family Homes Market Detail for May 2017 had continued growth when compared to last May.  Closed sales were up by 7.6% (were down by 1.2% in April) and new sales under contract (new pending sales) were up by 5.0% (were down by 4.4% in April).

Both the median and average sales prices continued to rise when compared to last year.  Up by 7.7% and 8.3% respectively, compared to April’s 10.3% and 8.3%.

The inventory of available homes for sale fell by 4.5% from last year.  For May there was a 4.0 months supply of inventory as Florida remains in a sellers’ market with the advantage for sellers. (May 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 May 2017 Market Detail

Click here to view or download the full report:

Florida Single Family Homes May 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 May 2017 Market Detail

Coral Gardens in Stuart FL June 2017 Market Report

Coral Gardens in Stuart FL June 2017 Market Report

As of June 2017, there are 5 homes for sale in Coral Gardens in Stuart FL.  List prices range from $184,900 up to $252,000 for an average list price of $211,528 which is $153.29 per sq. ft. of living area.

There are 3 homes currently under contract.  These homes were listed for prices from $179,900 up to $229,900 for an average list price of $203,233 or $135.07 per sq. ft. of living area.  These homes were on the market for an average of 30 days before going under contract.

In the past 12 months, 30 Coral Gardens homes have sold.  Sales prices ranged from $100,619 up to $239,000 for an average sales price of $176,527 which works out to $138.52 per sq. ft. of living area.  These homes averaged 39 days on market before going under contract and sold for an average of 97% of list price.

About Coral Gardens in Stuart FL:

Coral Gardens in Stuart FL

The Coral Gardens community of Stuart FL is centrally located just west of US 1 (Federal Highway) and south of Pomeroy St.  Easy access to downtown Stuart, shopping, restaurants, medical facilities and the beaches and waterways of Martin County.

Coral Gardens in Stuart FL Coral Gardens in Stuart FL

This is a non-HOA (Homeowners Association) community so there are no additional fees.  Also, the Coral Gardens community is one of the more affordable locations in Stuart and Martin County FL.  Homes range in size from very small 2 bedroom, 1 bathroom homes of under 800 sq. ft. all the way to 4 bedroom homes of 2,500 sq. ft. or slightly higher.  Many homes in Coral gardens also have private backyard swimming pools.

Coral Gardens in Stuart FL Coral Gardens in Stuart FL

Those wishing to find an affordable friendly Stuart community to call home might wish to consider Coral Gardens.  Click and explore on the interactive map below to see what a great location Coral Gardens offers.

Search here for available Coral Gardens homes for sale

Coral Gardens in Stuart FL June 2017 Market Report

Hobe Sound FL 33455 Condo Market Report May 2017

Hobe Sound FL 33455 Condo Market Report May 2017

 

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

 

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

 

There are currently 16 active condo listings. (Increased by 1 condos from April)

Hobe Sound FL 33455 Condo Market Report May 2017

5 Condos are pending and awaiting close. (Down by 1 condo from April)

Hobe Sound FL 33455 Condo Market Report May 2017

2 Condos sold in May. (Decreased by 2 condos from April)

 Hobe Sound FL 33455 Condo Market Report May 2017

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Closed sales were off for this month, but overall the market activity is still very good.

The absorption rate for Hobe Sound condos decreased to 8 months for May (was 3.8 in April).  Back into a buyers’ market for Hobe Sound condos. 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 May 2016 numbers were: 5 active listings, 7 pending sales and 0 closed sales.  Better activity this year as the inventory has just about tripled.

Hobe Sound FL 33455 Condo Market Report May 2017

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report May 2017