Jensen Beach FL 34957 Residential Market Report July 2017

Jensen Beach FL 34957 Residential Market Report July 2017

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

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

 There are currently 165 active listings. (Down by 11 homes from last month)

Jensen Beach FL 34957 Residential Market Report July 2017

79 Residential sales are pending and awaiting close or lender approval. (Up by 21 homes from June)

Jensen Beach FL 34957 Residential Market Report July 2017

27 Homes Sold (Down by 20 homes from June)

Jensen Beach FL 34957 Residential Market Report July 2017

The Jensen Beach FL 34957 Residential Market had a bad month for closed sales, while showing good pending sales numbers which should result in better closed sales in the coming months..
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 jumped to 6.1 months ( was 3.7 months in June).  Now a balanced market for July.   A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The July 2016 numbers were: 164 active listings, 66 pending sales, and 56 home sales closed.  Considerably weaker sales for this July when compared to last year.
Jensen Beach FL 34957 Residential Market Report July 2017

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Jensen Beach FL 34957 Residential Market Report July 2017

Palm City FL 34990 Condo Market Report July 2017

Palm City FL 34990 Condo Market Report July 2017

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

 

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



There are currently 75 active condo listings. (Unchanged from June)

   Palm City FL 34990 Condo Market Report July 2017

9 Condo sales are pending and awaiting close or lender approval. (Down by 1 condos from last month)

Palm City FL 34990 Condo Market Report July 2017

2 Condos Sold in July. (Down by 4 condos from June)

Palm City FL 34990 Condo Market Report July 2017

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Market activity remains pretty slow for Palm City condos and remains a difficult market for sellers.  (Though a good part of this difficulty comes from two equity golf club communities.)

The current absorption rate for condos in the 34990 zip code area jumped to 37.5 months (was 12.5 months in June).  An extreme buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The July 2016 numbers were: 60 active listings, 7 pending sales and 3 closed sales.   Invenory has increased from last year and activity is slightly slower as well.
Palm City FL 34990 Condo Market Report July 2017

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Palm City FL 34990 Condo Market Report July 2017

Mariner Sands August 2017 Market Report

Mariner Sands August 2017 Market Report

For late August 2017 there are 38 properties for sale in Mariner Sands.  These 38 properties include a mix of condos and homes.  The list prices range from $144,900 up to $599,000 for an average list price of $341,821 which works out to $139.51 per sq. ft. of living area.

There are 10 homes under contract (pending) which have not completed the sales process to date.  List prices were from $225,000 up to $675,000 for an average of $$403,560 or $159.07 per sq. ft. of living area.  These homes averaged 119 days on market prior to going under contract.

In the past 12 months, 42 homes and condos have sold.  Sales prices ranged from $128,000 up to $600,000 for an average sales price of $372,121 which equals $141.60 per sq. ft. of living area.  These homes averaged 111 days on the market before going under contract and sold on average at 92% of the last listed price.

About the Mariner Sands Golf & Country Club:

Clubhouse of Mariner Sands Golf Club in Stuart Florida

One of our premier golf course communities located on 728 pristine acres with magnificent landscaping featuring idyllic lakes and water views as well as natural wooded buffers.   There are 771 residences in Mariner Sands with exclusive use of two championship golf courses.  Designed by famed course architects Tom Fazio and Frank Duane.  In addition to 36 holes of magnificent golf,

Chapel in Mariner Sands Golf Club in Stuart Florida

Mariner Sands also features a championship Tennis facility with 9 Har-Tru courts and pro shop.  Yearly clinics as well as tournaments keep the Tennis players busy.  Members have access to the adjacent large swimming pool and pool bar.

Golf Course of Mariner Sands Golf Club in Stuart Florida

There’s also a The 2,100 sq. ft. Fitness Center is available for use by all Mariner Sands members.  It contains state-of-the-art equipment for cardiovascular development, strength and toning procedures for all muscle groups and flexibility improvement. Two on-site licensed personal trainers are available to assist members in developing specific individual programs.

Golf Views of Mariner Sands Golf Club in Stuart Florida

For pet lovers, Mariner Sands boasts it’s own ‘doggie park’ for use by all residents.

Mariner Sands is one of the few golf communities in Florida that has it’s own chapel. It has multi-denominational worship services and is host to art classes, a library and various cultural events.  The chapel also facilitates some of the many charitable events and volunteer opportunities for the community.  A Memorial Garden is available for interment to all Mariner Sands residents and their families.

Golf in Mariner Sands Golf Club in Stuart Florida

Monthly HOA fees vary greatly depending on the home’s location and for condos.  Golf membership is not mandatory but social membership is and is included in the monthly HOA (Home Owners’ Association) or COA (Condo Owners’ Association) dues.  These social fees are $2080.00 per quarter.  Currently (as of October 2016) there’s a one time non-refundable capitol contribution of $20,000 for anyone purchasing a Mariner Sands residence.

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Mariner Sands August 2017 Market Report

Palm City FL 34990 Residential Market Report July 2017

Palm City FL 34990 Residential Market Report July 2017

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

 

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

 

There are currently 398 active listings (Increased by 12 homes from June)

Palm City FL 34990 Residential Market Report July 2017

165 Residential sales are pending and awaiting close or lender approval. (Down by 6 homes from last month)

Palm City FL 34990 Residential Market Report July 2017

96 Homes Sold in June (No change from June)

Palm City FL 34990 Residential Market Report July 2017

The Palm City FL, zip code 34990 residential real estate market remains very active.  Interestingly, inventory levels are above last year, which is not the current trend in the county.
The monthly absorption rate inched up to 4.1 months from 4.0 months in June.  Still a sellers’ market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The July 2016 numbers were:  383 active listings, 120 pending sales and 83 closed sales.  Stronger activity for this year with a slightly higher inventory of homes for sale.

Palm City FL 34990 Residential Market Report July 2017

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Palm City FL 34990 Residential Market Report July 2017

Pipers Landing August 2017 Market Report

Pipers Landing August 2017 Market Report

There are currently 25 active listings for sale in Pipers Landing.  List prices for these homes range from $25,000 to $1,200,000 for an average list price of $262,704 which equals $91.14 per sq. ft. of living area.

As of this time there are 2 homes and 1 condo under contract which haven’t closed to date.  List prices for these properties were $249,000 and $399,900 for an average of $324,450 which is $96.65 per sq. ft. of living area.  These 2 homes averaged 157 days on market before going under contract.

In the past 12 months 16 homes have sold in Pipers Landing.  The sales prices ranged from a low of $26,357 up to $750,000.  The average sales price was $215,554 or $65.59 per sq. ft. of living area.  These sold listings averaged 170 days on the market before going under contract and sold at an average of 85% of the list price.

About Pipers Landing in Palm City FL:

Pipers Landing in Palm City FL

A true world class golfing community in Palm City with just 302 homes on 600 acres of pristine Florida natural preserve and lushly landscaped grounds.  This is a waterfront community with deep water ocean access dockage that can accommodate yachts up to 75′.
Pipers Landing in Palm City FL

This is an equity golf course community (membership is mandatory).  Championship Joe lee designed course (6,832 yards) offering five different levels of play for all abilities.  Homes include spacious condos to spacious waterfront estate homes.  All this in beautiful Martin County, Florida, which boasts an abundance of beautiful waterways and quaint historic areas to experience and enjoy.

Pipers Landing in Palm City FL

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Pipers Landing August 2017 Market Report