Palm City FL 34990 Condo Market Report December 2017

Palm City FL 34990 Condo Market Report December 2017

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

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

There are currently 101 active condo listings. (Increased by 16 condos from November)

   Palm City FL 34990 Condo Market Report December 2017

16 Condo sales are pending and awaiting close or lender approval. (Up by 2 condos from last month)

Palm City FL 34990 Condo Market Report December 2017

10 Condos Sold in December. (Up by 6 condos from November)

Palm City FL 34990 Condo Market Report December 2017

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For December the market activity increased from last month in all categories for Palm City condos.

The current absorption rate for condos in the 34990 zip code area dropped to 10.1 months (was 21.25 months in July).  Still a buyer’s 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. (A good percentage of the difficult buyer’s market is a result of two equity golf club communities which are having some difficulty with the volume of sales.)
The December 2016 numbers were: 86 active listings, 8 pending sales and 4 closed sales.   Better activity for this year with a higher inventory of available condos for sale.
Palm City FL 34990 Condo Market Report December 2017
Are you interested in the value of your Palm City FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

Stuart Florida Real Estate presented by:
Gabe Sanders

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report December 2017

Pinecrest Lakes January 2018 Market Report

Pinecrest Lakes January 2018 Market Report

There are 9 homes for sale in the Pinecrest Lakes community of Jensen Beach FL as of January 2018.  Listing prices range from $389,000 to $519,000 for an average list price of $454,089 which equates to an average of $193.85 per sq. ft. of living area.

There is 1 home under contract and awaiting closing. The list prices of this home was $449,000 which is $231.32 per sq. ft. of living area.  This home was on the market for 134 days before going under contract.

In the past 12 months, 26 homes have sold in Pinecrest Lakes with sales prices ranging from $325,000 up to $555,000 or an average sales price of $438,301 which is $171.48 per sq. ft. of living area.  These sales averaged 93 days on market and sold at 96% of list price.

About Pinecrest Lakes in Jensen Beach:

Pinecrest Lakes Homes for Sale

The Pinecrest Lakes community of Jensen Beach FL was first developed in the late 70’s and early 80’s during a time when the Martin County Commissioners were notoriously stringent and restrictive about new developments in the area. Consequently this community has a distinctive feel and flavor. All homes are on at least a 1/2 acre lot with many on larger 1 to 2 acre lots. None of the homes are identical and all types of construction and paint schemes are allowed.

Pinecrest Lakes Homes for Sale

Pinecrest Lakes is located south of NE Jensen Beach Boulevard and just east of the new Green River parkway. Residents enjoy wide winding streets with sidewalks, street lights, underground utilities and public water. Community features include tot lots, parks, lakes and tennis courts.

Pinecrest Lakes Homes for Sale

Pinecrest Lakes is located in Martin County’s “A” rated school district. The local public elementary school, Jensen Beach Elementary School, is less than a mile away, within easy walking and biking distance for students. Students also attend Stuart Middle School in Stuart and Jensen Beach High School located approximately 1 mile northwest of the community on NE Jensen Beach Boulevard.

Pinecrest Lakes Homes for Sale

 

Pinecrest Lakes is also about 1 mile to the east of the Treasure Coast Square Mall, Martin County’s main shopping center. Residents are a short ride away from the beautiful beaches on Hutchinson Island, historic downtown Jensen Beach, Indian Riverside Park as well as numerous boat ramps and marinas that serve the vast boating resources available in Martin County.

 

Here are the currently available Pinecrest Lakes Homes for Sale in Jensen Beach, Florida

 

Pinecrest Lakes January 2018 Market Report

Palm City FL 34990 Residential Market Report December 2017

Palm City FL 34990 Residential Market Report December 2017

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

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

 There are currently 381 active listings (Increased by 15 homes from November)

Palm City FL 34990 Residential Market Report December 2017

96 Residential sales are pending and awaiting close or lender approval. (Down by 5 homes from last month)

Palm City FL 34990 Residential Market Report December 2017

66 Homes Sold in November (Up by 2 home from November)

Palm City FL 34990 Residential Market Report December 2017

The Palm City FL, zip code 34990 residential real estate market had a small increase in closed sales when compared to last month.  Inventory was up while pending sales were down.
The monthly absorption rate inched up to 5.8 months from 5.7 months in November.  Still a seller’s market for the Palm City zip code 34990 area for residential sales but inching closer to a balanced market.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The December 2016 numbers were:  414 active listings, 92 pending sales, and 65 closed sales.  Very similar activity when compared to last year though with s maller number of available homes for sale in 2017.

Palm City FL 34990 Residential Market Report December 2017

Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation

 Search here for Palm City Florida Real Estate for Sale:

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Palm City FL 34990 Residential Market Report December 2017

Lake Tuscany Real Estate Update in Stuart FL January 2018

Lake Tuscany Real Estate Update in Stuart FL January 2018

As of January 2018, there are 3  homes available for sale in Lake Tuscany in Stuart FLwith listing prices from $399,500 up to $488,950 for an average list price of $437,813 which is aa average price per square foot of living area of $155.93.

There are no homes currently under contract.

In the past 12 months, 5 homes have sold in Lake Tuscany ranging in sales price from $365,000 up to $468,500 for an average sales price of $414,100 which equals $116.76 per sq. ft. of living area.  These homes took an average of 141 days on market to go under contract and sold at 96% of list price.

About Lake Tuscany:

Lake Tuscany real estate Stuart FL

Lake Tuscany in Stuart FL is a newer subdivision just to the west of I-95 in Martin County, Florida.  The homes in Lake Tuscany were mostly completed between 2004 to 2005.  This attractive subdivision is set up with a gated entrance and all 98 homes in Lake Tuscany are on Panther Trace which makes a large circle around the lake in the center.  Homes range from 3 Bedroom, 3 Bath or 4 BR 2 Baths of around 2100 sq. ft. of living area to spacious 6 Bedroom, 4 Bathroom 2 story homes with lofts and theater rooms with pools by the lakeside along with 3 car garages.  All are high quality homes built by local builder Mercedes Homes.

Lake Tuscany real estate Stuart FL Lake Tuscany real estate Stuart FL

Lake Tuscany boasts lush landscaping and very reasonable Home Owner’s Association fees of $398 per quarter.  These fees cover security, the common areas and lake upkeep, basic cable, trash collection and front landscaping.  The Lake Tuscany property owners web site is located at this site.

Lake Tuscany real estate Stuart FL Lake Tuscany real estate Stuart FL

Families in Lake Tuscany enjoy Martin County’s ‘A’ rated schools in the following schools: Crystal Lake Elementary, David L Anderson Middle School and South Fork High School.  Shopping is only minutes away and there’s easy access to Martin County’s waterways and just a short drive to the many public beaches.

 Lake Tuscany real estate Stuart FL

Search here for currently available Lake Tuscany real estate in Stuart FL

For any questions you may have about Lake Tuscany Real Estate Update in Stuart FL January 2018 , please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Stuart Florida Real Estate

Lake Tuscany Real Estate Update in Stuart FL January 2018

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Lake Tuscany Real Estate Update in Stuart FL January 2018

 

Stuart FL 34997 Condo Market Report December 2017

Stuart FL 34997 Condo Market Report December 2017

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2017

For December 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 57 active condo listings (Unchanged from November).

17 Condo sales are pending and awaiting close or lender approval (Unchanged from November).

19 Condos Sold in December (Increased by 9 condos from November).

Stuart FL 34997 Condo Market Report December 2017

      The Stuart FL condo market for zip code 34997 continues with very strong activity even though the inventory is now down which may be reflected in the lower pending sale numbers.

     The absorption rate decreased to 3.0 months in December compared to 4.9 months for November.  More of an extreme seller’s market for the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The December 2016 numbers were: 83 active listings, 29 pending sales, and 11 closed sales.  Better closed volume, but less pensingsales on a reduced inventory for December 2017.

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Stuart FL 34997 Condo Market Report December 2017