St Lucie County Single Family Homes March 2019 Market Report

05.09.19 by

St Lucie County Single Family Homes March 2019 Market Report

St Lucie County Single Family Homes March 2019 Market Report had mixed sales activity when compared to last year. Closed sales were up by 1.6% (in February they were down by 7.8%) and new sales under contract (new pending sales) decreased by 9.7% (they were down by 4.6% last month).

Prices were also mixed for the month.  The median sales price was up by 4.3% (was up by 9.6% in February).  The average sales price was down by 1.4% (it was up by 6.4% in February).

The number of available home listings decreased by 67 homes to 2,104 homes.  This inventory is 27.6% higher than last year.  The current supply of homes is 4.6 months (it was 3.6 months last year).  The St Lucie County single family home market remains in a sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes March 2019 Market Report

Click here to view or download the full report:
St Lucie County Single Family Homes March 2019 Market Report

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

St Lucie County Single Family Homes March 2019 Market Report

May 2019 Market Report for Ocean House in Indian River Plantation

05.09.19 by

May 2019 Market Report for Ocean House in Indian River Plantation

May 2019 Market Report for Ocean House Condos in Indian River Plantation, Hutchinson Island in Stuart, FL

For May 2019, there are 5 active listings on the market in Ocean House, with list prices ranging from $499,000 up to $899,000.  This is an average list price of $616,400 or $437.29 per square ft. of living area.

There are two condos currently under contract awaiting settlement.  List prices are $535,000 and $550,000.  This equals an average list price of $542,500 which works out to 396.30.  These condos were on the market for an average of 25 days before going under contract.

In the past 12 months, there were 6 condo sales in Ocean House.  Sales prices ranged from $440,000 up to $640,000.  This is an average sales price of $568,667 which equals $4424.38 per square foot of living area.  These condos sold for an average of 97% of list price and went under contract in an average of 71 days after being listed.

About Ocean House Condos in Indian River Plantation:

 Ocean House Condos in Indian River Plantation

One of the newest buildings in Indian River Plantation, Ocean House, is also the most magnificent.  Consisting of 79 Luxury Condo units of either 2 or 3 spacious bedrooms with amenities galore.  All suites have Ocean views, even the first-floor units, which are in actuality the equivalent of being on the third floor as there are two parking levels for residents to enjoy covered parking.

Ocean House Condos in Indian River Plantation

Ocean House has a newly renovated clubhouse area featuring an updated kitchen with granite countertops and stainless steel appliances.  Two flat screen televisions and free wi-fi for those that need connectivity.

Ocean House Condos in Indian River Plantation

A heated pool and lanai area that’s perfect for lounging close to the beach, or walk down your private access to enjoy the crystal blue waters of your private Atlantic ocean beach.

Ocean House Condos in Indian River PlantationBeachfront Condos in Indian River Plantation

Barbecue area with a Tiki Hut for those nights that you want to eat out under the stars.

The Marriott Resort at Indian River Plantation Features:

Riverwood Condos in Indian River Plantation

Indian River Plantation consists of numerous condominium associations and buildings.  All styles from Oceanfront to Riverfront and Golf and Tennis villas can be found here.  IRP is associated and co-located with the Marriott Resort and Marina.

Beachfront Condos in Indian River Plantation

Tucked away on Hutchinson Island, the Treasure Coast’s 16-mile lush barrier island is a unique resort that greets guests with the warmth of true Southern hospitality.

Indian River Plantation

The Hutchinson Island Marriott Beach Resort and Marina stretches across 200 acres of plantation landscape on Hutchinson Island, bordered on one side by the Atlantic Ocean and by the shimmering Indian River on the other side.

Plantation Club Villas in Indian River Plantation

A newly remodeled lobby with sweeping draperies, plantation-style wood furnishings, and tropical tones sets the stage for a magical golf getaway. This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Fairway Villas in Indian River Plantation

The Hutchinson Island Marriott offers guests and residents two tiki bars and their Signature Restaurant, the Baha Grille. Thirteen Novagrass tennis courts, miles of unspoiled beaches, water sports, deep sea fishing, and a full-service 77-slip marina anchored on the Indian River round out a perfect vacation of sun and fun.

Ocean House in Indian River Plantation

Resort amenities also include three heated pools with sundecks, game rentals from the Activities Hut, two outdoor spas and supervised activities for both children and teens.

Hutchinson Island Condos For Sale

Stuart, Florida Real Estate presented for your consideration by:
the Gabe Sanders real estate team

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May 2019 Market Report for Ocean House in Indian River Plantation

Martin County Townhouses and Condos March 2019 Market Report

05.08.19 by

Martin County Townhouses and Condos March 2019 Market Report

Martin County Townhouses and Condos March 2019 Market Report resulted in considerably weaker sales activity when compared to last year but better than last month.  Closed sales for the month were down by 19.9% (were down by 27.8% in February) while new sales under contract (new pending sales) were down by 1.5% from March 2018 (decreased by 24.6% in February).

Prices were mixed for the month.  The median sales price decreased by 1.1% (was up by 14.3% in February) while the average sales price increased by 2.3% (was up by 18.4% in February).

The inventory of available townhouses and condos decreased by 4 units to 451 properties as compared to last month.  This is 1.1% greater inventory then the March 2018 data.  Currently, there’s a 4.7 month supply of inventory (compared to 4.5 months for March 2018).  Remaining in a seller’s market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos March 2019 Market Report

Click here to view or download the full report:
Martin County Townhouses and Condos March 2019 Market Report

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Martin County Townhouses and Condos March 2019 Market Report

Island Dunes Condos on Hutchinson Island May 2019 Market Report

05.08.19 by

 Island Dunes Condos on Hutchinson Island May 2019 Market Report

May 2019 Market Report for Island Dunes Condos on Hutchinson Island in Jensen Beach, FL

There are currently 6 active listings on the market in Island Dunes at prices ranging from $499,000 up to $775,000.  This is an average list price of $655,567 which equals $327.39 per square ft. of living area.

There are 8 condos under contract awaiting closing at this time.  List prices ranged from $349,900 up to $715,000. This equals an average list price of $551,088 which works out to $322.34 per square ft. of living area.  These condos were on the market for an average of 110 days prior to going under contract.

In the past 12 months, 25 condos have sold ranging in sales prices from $170,000 up to $715,000.  This works out to an average sales price of $415,100 or $266.51 per square foot of living area.  These sales averaged 95% of the final list price and averaged 132 days on the market before going under contract.

About the Island Dunes Condos on Hutchinson Island:

Island Dunes Country Club Condos in Jensen Beach

Located on the unspoiled Barrier Island of Hutchinson Island in Jensen Beach, Florida in Saint Lucie County is a complex of five separate condominium buildings with a common thread.  All of these units belong to the Island Dunes Country Club.  This unique arrangement offers golf, tennis and a deep water marina, just steps from your condo without having to travel to the mainland. The five buildings from North to South are the Island Dunes Oceanside I & II, the Admiral, the Regency Island Dunes and the Regency Island Dunes Two.  All of these buildings are Oceanside affording easy access to the crystal clear blue waters of the Atlantic Ocean.  There’s a wide variety of condos available ranging from 1 Bedroom to spectacular 3 Bedroom Penthouse suites.

Island Dunes Country Club Condos in Jensen Beach

The Island Dunes Country Club offers a challenging nine-hole golf course on the banks of the wide Indian River,  championship tennis club, a pro shop, a deep-water marina and one of the fine dining in the onsite restaurant area which is open to the public.

 Island Dunes

 Search for all Island Dunes Condos on Hutchinson Island in Stuart Florida

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Hutchinson Island Florida Real Estate is presented by:
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Island Dunes Condos on Hutchinson Island May 2019 Market Report

Martin County Single Family Homes March 2019 Market Report

05.07.19 by

Martin County Single Family Homes March 2019 Market Report

The Martin County Single Family Homes March 2019 Market Report continued with weaker sales activity when compared to last year.  Closed sales were down by 13.4% (were down by 0.6% in February).  While new pending sales decreased by 2.3% as compared to March 2018 (Decreased by 6.0% in February).

Prices were mixed for March.  The median sales price was up by 0.9% from last year (down by 7.9% in February) while the average sales price decreased by 0.4% (was up by 2.0% last month).

The inventory of available single-family homes decreased from last month by 72 homes to 1106 units for March,  this is 6.1% greater than last March.  The current supply of homes is 5.7 months, for March of last year, it was 5.1 months supply.  We’re still in a seller’s market for Martin County single-family home sales, but only barely.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Single Family Homes March 2019 Market Report

Click here to view or download the full report:
Martin County Single Family Homes March 2019 Market Report

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Martin County Single Family Homes March 2019 Market Report

River Pines Townhouses May 2019 Market Report

05.07.19 by

River Pines Townhouses May 2019 Market Report

For May 2019, there are 3 active listings of River Pines townhouses for sale in Stuart, FL.  Prices range from a low of $167,900 up to 185,000.  This is an average list price of $173,967 or $135.07 per sq. ft. of living area.

There are 4 River Pines townhouses under contract and awaiting sale.  The list prices ranged from $164,900 up to $175,000.  This is an average list price of $170,950 which is $132.73 per sq. ft. of living area.  These homes were on the market for an average of 20 days prior to going under contract.

In the past 12 months, 23 townhouses have sold in River Pines with sales prices ranging from $120,500 up to $195,000.  This works out to an average sales price of $162,374 which equals $126.07 per sq. ft. of living area.  These townhomes were on the market for an average of 40 days prior to going under contract and sold for an average of 97% of list price.

About River Pines in Stuart FL:River Pines Townhomes

Located just off the Intracoastal Waterway off of Cove Road in Stuart is the River Pines community. 396 private residences in quad style town-homes.   This community was built in 1981 and 1982 and all homes are 1288 sq. ft. of living area with 2 bedrooms and 2 and ½ baths. There are large private courtyards for each home, some of which the residents have enclosed for added living area.

River Pines in Stuart FL

Only a short walk or bike ride to the Saint Lucie River with access for kayak launch. Boat ramps also nearby. All ages are welcome and 2 small pets are permitted. Each home has 2 reserved parking spots with additional guest parking. Amenities include 2 Community pools, tennis courts and racquetball/handball courts. There’s also a private preserve adjacent to the Intracoastal available exclusively for residents use.

River Pines in Stuart FL

A very well run community with excellent financials. Residents have the option of joining the Miles Grant golf club (just across the street).

River Pines in Stuart FL

As of May 2019, HOA fees were $167 per month.

River Pines in Stuart FL

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River Pines Townhouses May 2019 Market Report

Ocean Bay Villas May 2019 Market Report

05.06.19 by

Ocean Bay Villas May 2019 Market Report

For May 2019 there are 3 Ocean Bay Villas townhomes available for sale in this Hutchinson Island FL community.  List prices range from $414,000 up to $439,000.  This is an average list price of $426,000 or $184.99 per sq. ft. of living area.

There is 1 townhome currently under contract.  The list price was $458,900 which is $207.46 per sq. ft. of living area.  This property was on the market for 16 days prior to going under contract.

There have been 9 closed sales in the past 12 months.  Sales prices ranged from $348,642 up to $480,000 which averages to $417,316 and is equal to $170.84 per sq. ft. of living area.  These homes sold for an average of 97% of list price and also averaged 123 days on market before going under contract.

About the Ocean Bay Villas on Hutchinson Island in Jensen Beach:

Ocean Bay Villas on Hutchinson Island in Jensen Beach

Ocean Bay Villas on Hutchinson Island is an exclusive private enclave with only 78 owners located beautiful and unspoiled Hutchinson Island in Saint Lucie County on Florida’s Treasure Coast.  All villas in Ocean Bay feature three story luxury townhome style residences with elevators and modern updated interiors.

Ocean Bay Villas on Hutchinson Island in Jensen Beach Ocean Bay Villas on Hutchinson Island in Jensen Beach

There are three different home plans; The Azalea with 3 Bedrooms, 3 & 1/2 Baths and Den in 2171 sq. ft. of living area. The Beachberry which has 3 Bedrooms, 3 Baths, Den and Office in 2,327 sq. ft. of living area.  And, the Cocoplum with 3 Bedrooms, 3 & 1/2 Baths and Den in 2,579 sq. ft. of living area

Ocean Bay Villas on Hutchinson Island in Jensen Beach Ocean Bay Villas on Hutchinson Island in Jensen Beach

All models have two car garages, 9 and 10 foot ceilings. This gated Ocean Side community features an entertainment clubhouse, fitness center, community pool, and spa.  A true resort style lifestyle that can be yours every day.

Ocean Bay Villas on Hutchinson Island in Jensen Beach

Search for all Available Ocean Bay Villas on Hutchinson Island in Stuart Florida
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Hutchinson Island Florida Real Estate is presented by:
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Ocean Bay Villas May 2019 Market Report

Ocean Dunes Condos on Hutchinson Island May 2019 Market Report

05.04.19 by

Ocean Dunes Condos on Hutchinson Island May 2019 Market Report

As of May 2019, there were 2 condos for sale in Ocean Dunes on Hutchinson Island in Jensen Beach FL.  The list prices are $475,000 and $949,000.  This is an average list price of $712,000 or $372.63 per sq. ft. of living area.

There are no condos currently under contract.

In the past 12 months, 3 condos have sold.  Sales prices ranged from $270,000 up to $500,000.  This equals an average sales price of $356,667 which works out to $283.13 per sq. ft. of living area.  These condos were on the market for an average of 305 days before going under contract and sold for an average of 95% of the last list price.

About Ocean Dunes Condos in Jensen Beach FL:

Ocean Dunes Condos in Jensen Beach FL

Just north of the Jensen Beach Causeway is the very exclusive Ocean Dunes Condo Building.  This 8 story elevator building was built in 1982 and contains only 28 units.  No more than 4 condos per floor with the penthouse having two spacious double sized units of 2,502 sq. ft. under AC each.  The remaining condos are all 2 bedroom, 2 bath with the corner units having 1,298 sq. ft. of living area and the interior ones having 1,228.

Ocean Dunes Condos in Jensen Beach FL

There is ample parking as well as beach access, private pool and a tennis court.  One small pet is allowed as well as rentals are permitted with some restrictions.  The current condo fees are $530 per month as of December 2016.

Ocean Dunes Condos in Jensen Beach FL

There is shopping located across the street and it’s only a short drive to downtown Jensen Beach.

 Ocean Dunes Condo in Jensen Beach

Click here to search for available Ocean Dunes Condos for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
Admiral – Atlantis – Claridge – Dune Walk – Empress – Island Club –  Island Crest – Island Dunes – Islandia – Miramar – Miramar Royale – Oceana North – Oceana Oceanfront – Oceana South – Ocean Towers – Oceanrise  – Ocean Bay Villas – Princess –  Regency – Sand Dollar Shores – Sea Winds – Villa del Sol

Ocean Dunes Condos on Hutchinson Island May 2019 Market Report

Florida Townhouses and Condos March 2019 Market Report

05.03.19 by

Florida Townhouses and Condos March 2019 Market Report

The Florida Townhouses and Condos Market Report for March 2019 had weaker sales activity when compared to last March.  Closed sales were down by 6.1% as compared to last month’s decrease of 5.7% and new sales under contract (new pending sales) increased by 1.0% (In February there was a 3.1% decrease).  These decreases are considerably less severe than last month.

Prices, however, continue to rise for March though at a much more reasonable pace than most of last year.  Median sales prices were up by 3.6% (was up by 4.7% in February), while the average sales price increased by 6.3% (was up 3.7% in February).

The inventory of active listings increased by 6.6% from March of last year.  We now have 6.3 months of inventory as compared to 6.0 months for March 2018.  Remaining in a balanced market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos March 2019 Market Report

Click on the link below or the graphic to see the full market Report report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos March 2019 Market Report

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Florida Townhouses and Condos March 2019 Market Report

Coral Lakes May 2019 Market Report

05.03.19 by

Coral Lakes May 2019 Market Report

For May 2019 there is only 1 home available for sale in Coral Lakes in Stuart FL.  This home is listed for $599,999 which is equal to $131.29 per sq. ft. of living area.

There is also 1 home currently under contract in Coral Lakes.  This home was listed for $465,000 or $186.82 per sq. ft. of living area and was on the market for 64 days before going under contract.

8 homes have sold in the past 12 months in Coral Lakes.  These homes sold for prices ranging from $335,000 up to $445,000.  This equals an average sales price of $388,000 which works out to $178.41 per sq. ft. of living area. These homes were on the market for an average of 113 days before going under contract and sold for 97% of the list price.

About Coral Lakes in Stuart FL:

Coral Lakes real estate in Stuart FL

The gated Stuart FL community of Coral Lakes is off Willoughby Blvd between Pomeroy Street and Salerno Road.  Communities like this are no longer being developed in most centrally located areas as all of the lots are a minimum of a ½ acre and a number are over an acre.

Coral Lakes in Stuart FL

There are just under 100 home sites in Coral Lakes with the first homes built in 1980 and the most recently completed one was in 2005.  Homes come in all sizes and shapes with different builders and range from just over 1,600 sq. ft. 2 bedrooms and 2 bathrooms homes up to over 4,500 sq. ft. homes with 5 bedrooms and 4 bathrooms and multi-car garages.

Coral Lakes in Stuart FL

Other than a storage lot for boats, RV’s and trailers there are no additional amenities in Coral Lakes and the low HOA fee of $450 per year covers maintenance of the common areas, gates, and management (as of March 2019).  Many homes have private pools in these spacious single family home sites as well as other much-desired amenities.

Coral Lakes in Stuart FL

The location makes it easy for residents of Coral Lakes to commute via I-95 to parts north or south of Martin County and yet still be close to shopping, restaurants, medical facilities, beaches and waterways, and the other great attractions that make Stuart FL so popular among families.

Coral Lakes real estate in Stuart FL Coral Lakes real estate in Stuart FL

Currently, children attend the Pinewood Elementary, Dr. David L. Andersen Middle, and Martin County High Schools.

Check here to see which Coral Lakes homes are available for sale.

Coral Lakes May 2019 Market Report

Florida Single Family Homes March 2019 Market Report

05.02.19 by

Florida Single Family Homes March 2019 Market Report

The Florida Single Family Homes Market Report for February 2019 showed little change in sales volume when compared to last year.  The closed sales were unchanged (were up by 1.9% in February) and new sales under contract (new pending sales) were up by 2.6% (were unchanged in February).

Prices were mixed for March.  The median sales price rose by 2.0% (it was up by 1.3% in February) and the average sales prices dropped by 1.4% (it was down by 0.4% last month).

The inventory of available homes for sale increased by 9.6% from last year.  This is a 4.2 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (March 2017 had a 3.9 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory continues to decrease which is putting pressure on rising prices and lower sales volume.

Florida Single Family Homes March 2019 Market Report

Click here to view or download the full report:

Florida Single Family Homes March 2019 Market Report

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

March 2019 Florida Single Family Homes Market Report

Poppleton Creek Condo Market Report for May 2019

05.02.19 by

Poppleton Creek Condo Market Report for May 2019

As of May 2019, there were no condos available for sale in the Poppleton Creek community of Stuart, FL.

There is 1 condo currently under contract. The list price was $128,900 or $147.31 per sq. ft. of living area.  This condo was on the market for 8 days prior to going under contract.

In the past 12 months, there have been 8 sales.  Sales prices ranged from $82,000 up to $150,000 for an average sales price of $106,250 which equals $108.70 per sq. ft. of living area.  These condos averaged 18 days on the market before going under contract and sold for an average of 97% of list price.

About the Poppleton Creek Condo Community in Stuart FL:

Poppleton Creek Condos in Stuart FL

Conveniently located just west of US-1 (Federal Highway) on Kanner Highway and close to downtown Stuart is the Poppleton Creek Condo Complex.

Poppleton Creek Condos in Stuart FL Poppleton Creek Condos in Stuart FL

 This community consists of two sections.  One is a more traditional type of condo building with units consisting of mostly 2 bedroom condos and a few 1 bedroom units built in 1974 with approximately 875 sq. ft. of living area.  There is also a newer section built in 1981 with 1,250 sq. ft. condos that are more like townhomes with 2 bedrooms and 2 bathrooms.

Poppleton Creek Condos in Stuart FL Poppleton Creek Condos in Stuart FL

The newer section, which was completed between the years of 1984 and 1985 is referred to as the Gardens at Poppleton Creek and consist of a more open plan that are all 1,164 sq. ft. of living area with 2 bedrooms and 2 bathrooms.

Poppleton Creek Condos in Stuart FL

Some units in both of the newer sections lookout at and are along the shores of Poppleton Creek which has ocean access through the Saint Lucie River.  There are docks available in Poppleton Creek that are only suitable for smaller boats as the waters are fairly shallow and one must travel under the Palm City Road bridge which only has limited clearance. There is also a place for kayak storage and launching.

Poppleton Creek Condos in Stuart FL

One medium sized pet is allowed (under 35 lbs.) and rentals are also allowed with restrictions.  There is ample parking but no commercial vehicles are allowed.  Units do have washer and dryer hookups for in-home laundry.

There are two community pools and unfortunately no sports courts at this time.  All ages are welcome and children currently attend the J.D. Parker Elementary School, Stuart Middle School, and the Jensen Beach High School.

Click here to see all the currently listed condos in Poppleton Creek (If any)

Poppleton Creek Condo Market Report for May 2019

Gabe’s May 2019 House Calls Newsletter

05.01.19 by

Gabe’s May 2019 House Calls Newsletter

Click on the image below to view or download Gabe’s May 2019 House Calls Newsletter:

Gabe's May 2019 House Calls Real Estate Newsletter

Click here to download the full interactive PDF of our May 2019 House Calls Newsletter

You can see all the past issues here:

House Calls Archive

Search here for Stuart Florida Real estate

Gabe’s May 2019 House Calls Newsletter

Hobe Sound FL 33455 Condo Market Report March 2019

04.30.19 by

Hobe Sound FL 33455 Condo Market Report March 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for March 2019

For March 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently only 4 active condo listings. (Up by 2 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2019

1 Condo is pending and awaiting close. (Down by 1 condo from February)

Hobe Sound FL 33455 Condo Market Report March 2019

3 Condos sold in March. (Up by 2 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2019

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  The inventory of available condos has once again reached very small levels and this will impact future condo market activity in Hobe Sound.  Yet, even with such little inventory, these condos are selling well.

The absorption rate for Hobe Sound condos was 0.33 months for March as compared to 2 months in February).  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 in 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 March 2018 numbers were: 9 active listings, 9 pending sales, and 2 closed sales.  Considerably better activity last year, along with a greater number of condos available for sale.

Hobe Sound FL 33455 Condo Market Report March 2019

Are you interested in the value of your Hobe Sound FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report March 2019

Canopy Creek April 2019 Market Report

04.30.19 by

Canopy Creek April 2019 Market Report

There are 3 homes currently for sale in Canopy Creek in Palm City.  List prices range from $729,570 up to $929,000.  This is an average list price of $840,157 which equals $244.21 per sq. ft. of living area.

There is one home currently under contract in Canopy Creek.  The list price was $899,000 or $216.11 per sq. ft. of living area.  This home was on the market for 97 days prior to going under contract.

In the past 12 months, 7 Canopy Creek homes have sold.  Sales prices ranged from $700,000 up to $859,900.  This equals an average sales price of $788,330 which works out to $217.04 per sq. ft. of living area.  These homes averaged 159 days on market prior to going under contract and the sales prices averaged 99% of list price.

About Canopy Creek in Palm City FL:

Canopy Creek in Palm City Florida

Canopy Creek in Palm City is a beautiful community for those seeking new construction homes with plenty of room for privacy.  With just 300 homes on 700 acres of preserves and wetlands, this community affords luxury living without the crowds of urban areas.  Each estate home in this Eco-friendly community is on a minimum of a half-acre lot and all offer peaceful views of protected Florida preserves.

Canopy Creek in Palm City Florida

Canopy Creek will be a gated private community with easy access to I-95 or the Florida Turnpike. Minutes from the famous Treasure Coast beaches of Florida, the area also offers fabulous shopping and dining in beautiful Stuart, Florida and one of the finest public school systems in Florida. Canopy Creek is your best choice for new homes in Palm City, Florida.

Canopy Creek in Palm City Florida

New homes range in size from just over 3,000 sq. ft. of living area to 4,100 sq. ft. with prices starting from the low $600,000’s.  Clients of the BlueWater Realty Team may qualify for some special promotional discounts.  Please call us for details.

Search here for all Canopy Creek homes for sale

Canopy Creek real estate is presented by Gabe Sanders, Stuart FL real estate

or search for all homes here

Canopy Creek April 2019 Market Report

Hobe Sound FL 33455 Residential Market Report March 2019

04.29.19 by

Hobe Sound FL 33455 Residential Market Report March 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for March 2019

  For March 2019 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 236 active listings. (Down by 20 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2019 

93 Residential sales are pending and awaiting close  (Up by 27 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2019

35 Homes Sold in March (Down by 4 homes from last month)

Hobe Sound FL 33455 Residential Market Report March 2019

The Hobe Sound Florida Market Report ZIP Code 33455 had a nice big jump in pending sales which should translate to strong sales in the coming months.  Unfortunately, closed sales were down slightly and there was a sizeable drop in inventory.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 6.7 months (It was 6.6 months in February).  Remaining in a balanced market for Hobe Sound residential real estate for a second month.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for March 2018 were:  194 active listings, 105 pending sales, and 45 closed sales.  Better all around activity last year with less inventory of available Hobe Sound homes for sale.

Hobe Sound FL 33455 Residential Market Report March 2019

Are you interested in the value of your Hobe Sound FL Home?
Click on this link and fill out the form for an accurate personal evaluation

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

Hobe Sound FL 33455 Residential Market Report March 2019

Joes Point April 2019 Real Estate Market Report

04.29.19 by

Joes Point April 2019 Real Estate Market Report

As of April 2019, there are 3 homes for sale in Joes Point on Hutchinson Island.  These homes are listed from $712,000 up to $1,839,000.  This works out to an average of $1,233,667 or $347.91 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months, only one Joes Point home has sold.  The sales price was $1,035,000 which works out to $350.37 per sq. ft. of living area.  This home went under contract 239 days after being listed and sold for 99% of the list price.

About Joes Point on Hutchinson Island:

Joes Point on Hutchinson IslandOne of the most unusual properties on Stuart’s Hutchinson Island is Joes Point.  Located on a private peninsula which juts to the north-west into the mile-wide Indian River (Intracoastal Water Way). Originally developed by Lloyd Dutcher in the early 1980’s this is a premier waterfront subdivision enjoying the many wonderful amenities of Hutchinson Island in Martin County.  Only minutes to the Saint Lucie inlet and the sparkling Atlantic Ocean by boat, with easy access to the Bahamas or through the Okeechobee waterway through the heart of Florida to the Gulf of Mexico by boat.  This is a true boaters paradise.  Abundant fishing is just off the dock or go just a few minutes further for some deep sea fishing and adventure.

Joes Point on Hutchinson Island Joes Point on Hutchinson Island

Joes Point has 56 home sites (3 are vacant lots at this writing) of which most are waterfront with private docks and sweeping water views of the Intracoastal Waterway (Indian River). There are 8 non-waterfront homes, though they have docks in the community marina which is just a short walk from these homes.  There is also a community RV/Boat storage area as well as a tennis court.  HOA fees as of April 2019 were under $300 per month and include central water and sewer service.

Joes Point on Hutchinson Island Joes Point on Hutchinson Island

Pets are welcome as well as having the ability to rent these homes.  This is a gated community offering a high level of privacy on the shores of the Indian River.  Beach access is across A-1-A in a private and HOA owned beach area.

Joes Point on Hutchinson Island

Search here for any available Joes Point Homes for Sale

Joes Point April 2019 Real Estate Market Report

The Charter Club at Martin Downs April 2019 Market Report

04.28.19 by

The Charter Club at Martin Downs April 2019 Market Report

There is currently one home for sale in the Charter Club at Martin Downs in Palm City FL.  The list price is $285,000 or $162.76 per sq. ft. of living area.

There is also one home under contract that has not yet sold.  This home was listed for  $249,500 which is $200.24 per sq. ft. of living area.  This home went under contract 8 days after being listed.

These past 12 months saw 20 homes sell in the Charter Club.  Sales prices ranged from $215,250 up to $295,000 for an average sales price of $255,899 which equals $161.90 per sq. ft. of living area.  These homes were under contract in an average of 64 days and sold for an average of 96% of list price.

About the Charter Club at Martin Downs:

The Charter Club at Martin Downs

The Charter Club us a gated community of 203 homes on the south side of Martin Downs Blvd.  Developed in 1988 with the last home completed in 1995.  Very well located in the heart of Palm City and just a short distance to shopping, the Turnpike, numerous golf courses, and rivers and only about 15 minutes to the beaches of the Atlantic Ocean or 10 minutes to historic downtown Stuart, FL.

Charter Club in Palm City Martin Downs

Home sizes range from 3 bedroom, 3 bathroom, 2 story homes with over 2,500 sq. ft. of living area down to 2 bedroom, 2 bathroom homes with just over 1,200 sq. ft.  All of the Charter Club homes have garages and most are two car, though a few of the smaller homes only have one car garages.

Charter Club in Palm City Martin Downs

There’s a community pool and hot tub for residents as well as to tennis courts.  There’s also a nice large pond (or small lake) which many homes have nice private water views.  The charter club allows up to 1 medium sized pet per home.  There are also vehicle restrictions for trucks and commercial vehicles that don’t fit into garages.

Charter Club in Palm City Martin Downs

The HOA fee is currently $235 per month and covers the common areas, landscaping and lawn service, basic cable tv, pest control, and trash service.

Charter Club in Palm City Martin Downs

A wonderful and safe community neighborhood that’s close to ‘A’ rated schools.  The Charter Club at Martin Downs is a great place to call home.

the Charter Club at Martin Downs

Search here for Charter Club Homes for Sale

The Charter Club at Martin Downs April 2019 Market Report

Admiral Condos April 2019 Market Report

04.27.19 by

Admiral Condos April 2019 Market Report

As of April 2019, there are 3 condos for sale in the Admiral on Hutchinson Island in Jensen Beach FL.  List prices range from $439,900 up to $499,900.  This is an average list price of $473,233 or $319.42 per sq. ft. of living area.

There is one condo under contract.  It was listed for $625,000 which is $325.18 per sq. ft. of living area.  This condo was on the market for only 11 days prior to going under contract.

In the past 12 months, only 1 condo has sold in the Admiral.  The sales price was $375,000 which equals $272.33 per sq. ft. of living area.  This condo went under contract 14 days after being listed and sold for 94% of list price.

About the Admiral Condominium on Hutchinson Island at Island Dunes:

Admiral Condominium on Hutchinson Island at Island Dunes

The Admiral Condominiums at Island Dunes on Hutchinson Island in Jensen Beach FL is a high rise building with 104 condos that was built in 1983.  Residents of the Admiral belong to the Island Dunes Country Club which offers a challenging nine-hole golf course on the banks of the wide Indian River, a championship tennis club, a pro shop, a deep-water marina, and fine dining at Pietro’s on the River, the onsite restaurant area which is open to the public.

Admiral Condominium on Hutchinson Island at Island Dunes

Condos in the Admiral range from 3 bedroom, 3 bathroom units with a spacious 1,922 sq. ft. of living area (under air) down to 2 bedroom, 2 bathroom condos with 1,377 sq. ft.  The current condo association fees are $800 a month for a 2 bedroom condo.  These fees include the many amenities for this building and the Island Dunes Country Club including both Golf and Tennis memberships as well as potential access to deep water ocean access docks.

The Admiral Condominium at Island Dunes The Admiral Condominium at Island Dunes

All units have wonderful ocean views while many also have sweeping views of the Intracoastal (Indian River) as well as the Island Dunes golf course.  There’s also private beach access as well as barbecue facilities.

Admiral Condominium on Hutchinson Island at Island Dunes

Wonderful amenities are included such as a full first-floor common area with kitchen and space for parties, a game room, fitness center, and sauna.  The Admiral is a pet free building. Rentals are allowed with restrictions.

Admiral Condominium on Hutchinson Island at Island Dunes

For those wishing to experience a true resort style living on Hutchinson Island in Jensen Beach FL, the Admiral may be the perfect fit.

Click on this link for the currently available Admiral Condos for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
Atlantis – Claridge – Dune Walk – Empress – Island Club –  Island Crest – Island Dunes – Islandia – Miramar – Miramar Royale – Ocean Dunes – Oceana North – Oceana Oceanfront – Oceana South – Ocean Towers – Oceanrise  – Ocean Bay Villas – Princess –  Regency – Sand Dollar Shores – Sea Winds – Villa del Sol

Admiral Condos April 2019 Market Report

Stuart FL 34997 Condo Market Report March 2019

04.26.19 by

Stuart FL 34997 Condo Market Report March 2019

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2019

For March 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 58 active condo listings (Down by 7 condos from February).

Stuart FL 34997 Condo Market Report March 2019

34 Condo sales are pending and awaiting close (Up by 17 condos from February).

Stuart FL 34997 Condo Market Report March 2019

15 Condos Sold in March (Up by 5 condos from February).

Stuart FL 34997 Condo Market Report March 2019

      The Stuart FL condo market for zip code 34997 came back strong for March after a few months of weaker activity.

     The absorption rate plunged to 3.9 months in March compared to 6.5 months for February.  Transitioning into a very strong seller’s market after one month as a balanced market and a previous month as a buyer’s market for condos in 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 March 2018 numbers were: 56 active listings, 23 pending sales, and 22 closed sales.  Stronger closed sales volume last year while we had better ending numbers this year.

Stuart FL 34997 Condo Market Report March 2019

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34997 Condo Market Report March 2019