Banyan House Condos Stuart FL September 2017 Market Report

Banyan House Condos Stuart FL September 2017 Market Report

There are currently no condos for sale in the Banyan House.

There are also no condos with a pending contract.

In the past 12 months, 6 condos have sold in the Banyan House.  Sales prices were from $135,000 up to $190,000 for an average sales price of $165,167 which equals $120.56 per sq. ft. of living area.  These condos averaged 33 days on market before going under contract and sold for an average of 96% of list price.

About the Banyan House Condos in Stuart FL:

Located on Saint Lucie Blvd in Stuart, FL, these condos are close to the Martin County Community Golf Club as well as the beaches and downtown Stuart.  This complex was completed in 1980 and consists of 64 2 bedroom, 2 bathroom condos on either the first or second floor of these 4 identical 2 story buildings.

Banyan House Condos in Stuart FL

The Banyan House complex residents enjoy a heated pool and 2 tennis courts and a clubhouse as their amenities.  All ages are welcome and up to 1 medium sized pet is also allowed.   Rentals are also allowed with some restrictions.  For 2017, the association fees are $427 per month.  These fees include basic cable TV, landscape service, building insurance and maintenance, water and sewer, trash pickup, reserves and management services.

Banyan House Condos in Stuart FL

Children living in Banyan House currently attend the JD Parker elementary school, Stuart middle school and the Jensen Beach high school.

Banyan House Condos in Stuart FL

These Banyan House condos are much sought after because of their excellent location as well as being such a well-run and well-managed community.  Condos tend to sell very quickly when they come on the market.  Those interested in a Banyan House condo should contact us and be set up on a new listing notifier for this Stuart community.

Banyan House Condos in Stuart FL

Search here for any current listings in the Banyan House Condo Complex.

Banyan House Condos Stuart FL September 2017 Market Report

The Meadows Palm City September 2017 Market Report

The Meadows Palm City September 2017 Market Report

There are currently 3 homes for sale in the Meadows in Palm City FL.  List prices range from $239,500 up to $369,900 for an average list price of $311,467 which equals $171.02 per sq. ft. of living area.

There are currently 3 homes under contract in the Meadows.  These homes were listed for prices from $155,000 up to $335,000 for an average list price of $271,667 which is $153.17 per sq. ft. of living area.  These homes averaged 22 days on market before going under contract.

In the past 12 months, there have been 34 sales in the Meadows.  Sales prices ranged from a low of $126,800 up to $365,000 with an average sales price of $225,374 or $138.80 per sq. ft. of living area.  These homes went under contract in an average of 32 days and sold for an average of 96% of their final list price.

About The Meadows Homes in Palm City Florida:

The Meadows at Martin Downs is a family friendly gated residential community very well situated in Palm City, Florida. There are 832 homes consisting of single-family homes, duplexes, 4 unit townhouses, and 4 unit patio homes. The Meadows community is divided into 6  distinct villages which are named: Greenwich, Lakemont, Mayflower, Brighton, Foxboro, and Ridgewood.

Entrance to the Meadows

The Meadows is a guard gated community with round-the-clock security.  Residents of the meadows enjoy a large heated swimming pool, a tot pool, children’s playground adjacent to the pool, basketball, 3 lighted tennis courts, a horseshoe pit and 2 bocce courts.  Near the entrance of the Meadows, between the gatehouse and the fountain, is a 2200 square foot recreation center, known as The Meadows House, which also houses the administrative offices of The Meadows Homeowners Association.

Homes in the Meadows

The Meadows came into existence through the efforts of local developer Peter Cumming who submitted the plans for the community around 1988.  Shortly thereafter, Burg and DiVosta (soon to be just DiVosta) began developing the land in the area called Martin Downs for the soon to be constructed villages of The Meadows.

Homes in the Meadows

Divosta started construction on the site known as The Meadows in 1988 by building two structures from which to sell. One was a Single Family home (Hampton) in what is now known as Greenwich Village, and the other was a four-unit Town Homebuilding (Stamford) in what is now known as Lakemont Village. Both types of homes were started in The Meadows at about the same time in 1988.  DiVosta completed the Meadows in 1993 and turned the administration and running of the community to The Meadows Homeowners Association which runs the community through elected officers as well as a full-time support staff.

HOA fees in the meadows vary by the type of home, so please look at the listing details view when checking available Meadows homes for sale.  The Meadows is not age restricted and currently allows up to 2 large pets.  Rentals are also allowed with some restrictions.

Children currently attend the Bessey Creek Elementary School, the Hidden Oaks Middle School; and the Martin County High School.

Homes in the Meadows

Search for the Meadows Homes for Sale

 

The Meadows Palm City September 2017 Market Report

Palm City FL 34990 Residential Market Report August 2017

Palm City FL 34990 Residential Market Report August 2017

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

 

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

 

There are currently 346 active listings (Decreased by 52 homes from June)

Palm City FL 34990 Residential Market Report August 2017

128 Residential sales are pending and awaiting close or lender approval. (Down by 37 homes from last month)

Palm City FL 34990 Residential Market Report August 2017

95 Homes Sold in June (Down by 1 home from June)

Palm City FL 34990 Residential Market Report August 2017

The Palm City FL, zip code 34990 residential real estate market remains very active.  For August there was a big drop in available homes for sale which also had an effect on reduced future sales (pending listings).
The monthly absorption rate declined to 3.6 months from 4.1 months in June.  Still a seller’s 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 August 2016 numbers were:  391 active listings, 116 pending sales, and 68 closed sales.  Stronger activity for this year with a fairly big decrease in inventory.

Palm City FL 34990 Residential Market Report August 2017

 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 August 2017

Galleon Bay September 2017 Market Report

Galleon Bay September 2017 Market Report

There are no homes currently for sale in the Galleon Bay community of Hutchinson Island in Stuart FL.

There are no homes under contract in the Galleon Bay community.

In the past 12 months, no homes have sold.  The last sale took place in July 2016 with a sales price of $1,965,000 which equals $365.65 per sq. ft. of living area.  This home was on the market for 238 days before going under contract and sold for 87% of the last list price.  There are two new homes under construction at the present time.

About Galleon Bay on Hutchinson Island:

Galleon Bay on Hutchinson Island is an exclusive gated oceanfront community just north of the Stuart Causeway.  Very well located close to shopping as well as easy access to downtown Stuart. There are only 15 possible residences in this exclusive upscale community.

Galleon Bay on Hutchinson Island

All the home sites in Galleon Bay are spacious and allow for stunning estate homes.  Lot sizes vary from just under 1 acre to over 1 and ¼ acres.  There are still vacant lots in Galleon Bay waiting for a home to be built.

Galleon Bay on Hutchinson Island

Of the current homes in Galleon Bay, the smallest is over 5,000 sq. ft. of living area with 4 bedrooms and 5 bathrooms and the largest has more than 10,000 sq. ft. with 6 bedrooms and 9 bathrooms.

Galleon Bay on Hutchinson Island

For those wanting to ultimate in privacy and luxury, yet still be close to all the wonderful amenities available to Martin County residents on the Treasure Coast of FL, Galleon Bay may be the perfect location for you.

Galleon Bay on Hutchinson Island

As of February 2017 the monthly HOA fees were $458.00

Galleon Bay on Hutchinson Island

Check here for any possible homes for sale in Galleon Bay

Check here for any possible land for sale in Galleon Bay

Stuart FL 34997 Condo Market Report August 2017

Stuart FL 34997 Condo Market Report August 2017

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

 

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

There are currently 44 active condo listings (Decreased by 17 condos from July).

Stuart FL 34997 Condo Market Report August 2017

23 Condo sales are pending and awaiting close or lender approval (Decreased by 9 condos from July).

Stuart FL 34997 Condo Market Report August 2017

17 Condos Sold in August (Decreased by 8 condos from July).

Stuart FL 34997 Condo Market Report August 2017

     The Stuart FL condo market for zip code 34997 continues to show very strong activity but also shows a troubling decrease in available condos for sale.
     The absorption rate inched down to 2.6 months in August compared to 2.4 months for July.  Still in a very strong sellers’ 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 August 2016 numbers were: 65 active listings, 28 pending sales, and 12 closed sales.  Better closed sales this year but a decrease in inventory and pending sales.

Stuart FL 34997 Condo Market Report August 2017

Stuart Florida Real Estate presented by:
Gabe Sanders

 

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