Hobe Sound FL 33455 Condo Market Report April 2017

Hobe Sound FL 33455 Condo Market Report April 2017

 

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

 

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

 

There are currently 15 active condo listings. (Decreased by 1 condos from March)

Hobe Sound FL 33455 Condo Market Report April 2017

6 Condos are pending and awaiting close. (Up by 2 pending condos from March)

Hobe Sound FL 33455 Condo Market Report April 2017

4 Condos sold in April. (Unchanged from March)

 Hobe Sound FL 33455 Condo Market Report April 2017

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Sales and pending sales are doing well and the inventory is returning to more normal levels from last year’s extremely low numbers.

The absorption rate for Hobe Sound condos decreased to 3.8 months for April (was 4.0 in March).  A sellers’ 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 April 2016 numbers were: 5 active listings, 6 pending sales and 4 closed sales.  Activity seems to be improving here but it’s very difficult to make meaningful comparisons with such low numbers of sales and inventory, though this segment appears to be returning to more normal volume.

Hobe Sound FL 33455 Condo Market Report April 2017

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report April 2017

Jensen Beach FL 34957 Condo Market Report April 2017

Jensen Beach FL 34957 Condo Market Report April 2017

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for April 2017

 

For April 2017 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):



There are currently 135 active listings. (Increased by 6 condos from March)

Jensen Beach FL 34957 Condo Market Report April 2017

48 Condo sales are pending and awaiting settlement. (Down by 6 condos from March)

Jensen Beach FL 34957 Condo Market Report April 2017

41 Condos Sold (Up by 16 condos from March)

Jensen Beach FL 34957 Condo Market Report April 2017

 The Jensen Beach FL 34957 Condo Market Report for April continued with a very strong increase in sales activity.  I don’t expect this volume to continue into the early summer.

The one month absorption rate for the April 2017, Jensen Beach Florida Market Report ZIP Code 34957 dropped to 3.3 months (from 5.2 months in March), now a very strong seller’s market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The April 2016 numbers were: 113 active listings, 72 pending sales and 37 condos closed.  We had a change in reporting data collection methods and are now including all condos in the 34957 zip code which increases the sampling data base, so the comparisons from last year are not valid at present.

Jensen Beach FL 34957 Condo Market Report April 2017

Jensen Beach Florida Real Estate presented by:
Gabe Sanders

Gabe Sanders

Jensen Beach FL 34957 Condo Market Report April 2017

Palm City FL 34990 Condo Market Report April 2017

Palm City FL 34990 Condo Market Report April 2017

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

 

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



There are currently 86 active condo listings. (Decreased by 9 condos from March)

   Palm City FL 34990 Condo Market Report April 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 April 2017

8 Condos Sold in April. (Up by 4 condos from March)

Palm City FL 34990 Condo Market Report April 2017

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For April of 2017 closed sales increased and pending sales remained close to last month while the inventory decreased.

The current absorption rate for condos in the 34990 zip code area dropped to 10.8 months (was 23.8 months in April). Still a buyers’ market for Palm City condominiums, but trending towards a more balanced market.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The April 2016 numbers were: 65 active listings, 12 pending sales and 8 closed sales.   Very similar closed activity and less pending activity this year but with a larger inventory.
Palm City FL 34990 Condo Market Report April 2017

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report April 2017

May 2017 Market Report for Legacy Cove in Stuart Florida

May 2017 Market Report for Legacy Cove in Stuart Florida

There are currently 3 homes for sale in Legacy Cove in Stuart, FL.  Listing prices range from $389,900 to $439,000 for an average listing price of $411,297 or a price per square foot of living area of $174.24.

There is one home currently under contract awaiting settlement.  The list price is $404,900 or $157.12 per sq. ft. of living area.  This home was on the market for 23 days prior to going under contract.

In the past 12 months, 16 homes have sold in Legacy Cove with sales prices ranging from $288,000 to $465,000 for an average sales price of $349,590 or $160.62 per sq. ft. of living area.  These sales averaged 97% of list price and went under contract in an average of 55 days after going on the market.

Legacy Cove in Stuart FL

Legacy Cove in Stuart Florida is a gated lakeside community of 229 homes off of Cove Road in Stuart, Florida.  Legacy Cove consists of two sections. The first section of 142 homes called the Cove Isle development was mostly completed between 2004 and 2005.  The newer section, called the Cove Lakes development consists of 87 home sites with construction that began in 2007.  Some homes are yet to be completed in Cove lakes.

Legacy Cove in Stuart FL

There’s a wide variety of homes in Legacy Cove, ranging for the smallest, a 3 bedroom, 2 bathroom, 2 car garage with a little under 1,600 square feet of living area to  4, possible 5 bedroom, 3 and a 1/2 bathroom, 3 car garage two story homes with almost 4,000 square feet of living area.  And many sizes in between.

Legacy Cove in Stuart FL

Legacy Cove boasts a community pool and club house with a fitness center as well as two hard surfaced tennis courts.  Many homes in Legacy Cove in Stuart Florida have serene lake views and a comfortable private feeling.  Located just minutes from I-95, this is a great location for those wishing to take advantage of Martin County’s amenities while still having an easy commute to work either north or south.

Legacy Cove in Stuart FL

Legacy Cove is in an ‘A’ Martin County school system with children currently attending Pinewood elementary school, Dr. David L Anderson middle school and Martin County high school.

Legacy Cove in Stuart FL

The HOA fees are very reasonable at $688.00 per quarter.  Management of the community is through Bristol Management of Stuart.

Legacy Cove in Stuart FL

Residents of Legacy Cove in Stuart Florida enjoy a relaxing life style with easy access to restaurants, shopping and the many waterways, beaches and public parks that Martin County has to offer.

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May 2017 Market Report for Legacy Cove in Stuart Florida

 

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for April 2017

For April, 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 69 active listings (Unchanged from March)

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

33 Residential sales are pending and awaiting close or lender approval (Decreased by 1 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential April 2017

12 Homes Sold in March (Down by 3 homes from March)

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida retreated a bit with both pending sales and closed sales decreasing for the month of April.

The one month absorption rate for the 34994 zip code for April increased to 5.8 months from 4.6 months for March.  Once again approaching a balanced market for the 34994 zip code area of Stuart, FL.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The April 2016 numbers were 65 Active Listings, 49 pending sales and 10 closed sales.  Considerably better pending sales activity last year with a slightly higher closed sales activity for this year.

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

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Stuart Florida Market Report ZIP Code 34994 Residential April 2017