Jensen Beach FL 34957 Residential Market Report February 2017

Jensen Beach FL 34957 Residential Market Report February 2017

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for February 2017

 For February 2017 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 190 active listings. (Down by 8 homes from last month)

Jensen Beach FL 34957 Residential Market Report February 2017

96 Residential sales are pending and awaiting close or lender approval. (Increased by 24 homes from January)

Jensen Beach FL 34957 Residential Market Report February 2017

27 Homes Sold (Down by 7 homes sale from January)

Jensen Beach FL 34957 Residential Market Report February 2017

The Jensen Beach FL 34957 Residential Market showed some very strong gains in pending sales.  Unfortunately, a decrease in closed sales, but I expect this segment of the Stuart real estate market to be active in the next few months.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 rose to 7 months ( was 5.8 months in January).  Shifting into a balanced market for the Jensen Beach residential real estate segment but getting very close to a balanced market.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The February 2016 numbers were: 128 active listings, 66 pending sales and 20 home sales closed.  Considerably greater inventory this year and an accompanying greater volume of closed and pending sales.
Jensen Beach FL 34957 Residential Market Report February 2017

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Jensen Beach FL 34957 Residential Market Report February 2017

Westwood Country Estates Palm City March 2017 Market Report

Westwood Country Estates Palm City March 2017 Market Report

As of March 2017, there are 3 homes on the market in Westwood Country Estates in Palm City, FL.  The list prices range from $495,000 up to $649,900 for an average list price of $591,300 which equals $180.10 per sq. ft. of living area.

There are no homes currently under contract (pending sales)

There have been 2 homes sold in the past 12 months in Westwood Country estates.  Sales prices were $330,000 and $455,000 for an average sales price of $392,500 which was $169.18 per sq. ft. of living area.  These sales averaged  for 95% of the list price and went under contract in an average of 29 days on market.

Westwood Country Estates Palm City March 2017 Market Report Florida

 Westwood Country Estates in Palm City, FL  is a wide open, gorgeous community that features statuesque homes that are beautifully placed on oversized lots of ½ acre or more, that will give you and your family plenty of room to grow!  Wonderfully landscaped throughout, Westwood Country Estates will make you feel proud to come home to.  Every home is unique and there is sure to be one you will fall in love with!

Palm City is a great place to raise a family with its “A” rated schools and proximity to I-95 and Florida’s Turnpike which opens you to all the opportunities of both Martin County and it’s neighbors, just a short drive North or South!  Martin County has lots of recreational areas and opportunities to enjoy many opportunities outdoors with your family!

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Westwood Country Estates Palm City March 2017 Market Report

Palm City FL 34990 Condo Market Report February 2017

Palm City FL 34990 Condo Market Report February 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for February 2017

 

For February 2017 in the 34990 Zip Code area of Palm City, Florida :



There are currently 92 active condo listings. (Increased by 1 condos from January)

   Palm City FL 34990 Condo Market Report February 2017

11 Condo sales are pending and awaiting close or lender approval. (Up by 3 condos from last month)

Palm City FL 34990 Condo Market Report February 2017

6 Condos Sold in February. (Up by 1 condos from January)

Palm City FL 34990 Condo Market Report February 2017

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Activity was very similar to last month with small gains in pending and closed sales.

The current absorption rate for condos in the 34990 zip code area decreased to 15.3 months (was 18.5 months in February). Still a buyers’ market for Palm City condominiums but trending in the right direction.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The February 2016 numbers were: 65 active listings, 15 pending sales and 6 closed sales.   Similar activity this year but with a much larger inventory.
Palm City FL 34990 Condo Market Report February 2017

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Palm City FL 34990 Condo Market Report February 2017

Palm City FL 34990 Residential Market Report February 2017

Palm City FL 34990 Residential Market Report February 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for February 2017

 

For February 2017 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 445 active listings (Increased by 24 homes from January)

Palm City FL 34990 Residential Market Report February 2017

135 Residential sales are pending and awaiting close or lender approval. (Up by 10 homes from last month)

Palm City FL 34990 Residential Market Report February 2017

56 Homes Sold in January (Up by 4 homes from January)

Palm City FL 34990 Residential Market Report February 2017

The Palm City FL, zip code 34990 residential real estate market continues to have more homes on the market and it appears that both pending and closed sales are also increasing.
The monthly absorption rate decreased to 7.9 months from 8.1 months in January.  Still in a buyers’ market for the Palm City zip code 34990 area for residential sales, but with the strong number of pending sales, I expect a balanced market in the next month or so.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The February 2016 numbers were:  415 active listings, 152 pending sales and 56 closed sales.  Similar activity as compared to last year but with greater inventory this year.

Palm City FL 34990 Residential Market Report February 2017

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Palm City FL 34990 Residential Market Report February 2017

Sugar Hill Jensen Beach March 2017 Market Report

Sugar Hill Jensen Beach March 2017 Market Report

As of March 2017, there are 3 homes on the market in Sugar Hill in Jensen Beach, FL.  Listing prices range from $499,000 to $699,000 for an average list price of $582,633 which equates to $197.62 per sq. ft. of living area.

There is one Sugar Hill home under contract and awaiting settlement.  The list price was $779,000 or $219.75 per sq. ft. of living area.  This home was on the market for 3 days before accepting the current offer.

There have been 8 homes sold in the past 12 months in Sugar Hill.  Sales prices ranged from $295,000 to $525,000 for an average sales price of $389,747 which equals $144.39 per sq. ft. of living area and averaged 102% of list price. The average days on market for these homes was 96 days prior to going under contract.

Sugar Hill in Jensen Beach Florida

Sugar Hill in Jensen Beach is an eye pleasing high elevation neighborhood filled with upscale homes in Jensen Beach. All homes have very spacious yards that are surrounded with gorgeous Florida foliage. Most homes are timeless architectural works of beauty! Houses range from 2 to 5 bedrooms and 2 to 5 bathrooms, so whatever size you are looking for, Sugarhill is sure to have it. The neighborhood is located just minutes from all that Jensen Beach has to offer, like the beautiful stretches of beach on Hutchinson Island, the fantastic shopping at the Treasure Coast Square Mall, many restaurants you are sure to love, and our ‘A’ rated schools for all grade levels!

Sugar Hill in Jensen Beach FloridaSugarhill has very reasonable HOA fees of only $500.00 per year.

Sugar Hill in Jensen Beach Florida

The current Martin County Schools for Sugar Hill are Jensen Beach Elementary School, Stuart Middle School and Jensen Beach High School

Sugar Hill in Jensen Beach Florida

 

Here are the currently available homes in Sugar Hill in Jensen Beach

 

For any questions you may have about March 2017 Market Report for Sugar Hill in Jensen Beach, please call the Gabe Sanders BlueWater Realty team at 772-323-6996 or Contact Us Here

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Sugar Hill Jensen Beach March 2017 Market Report