The Medalist November 2016 Market Report

The Medalist November 2016 Market Report

As of November 2016 there are 20 homes for sale in the Medalist.  This includes a selection of both new and pre-owned homes.  List prices range from $719,000 up to $1,900,000 for an average list price of $1,166,645 which works out to $314.43 per sq. ft. of living area.

There is one home under contract.  The list price was $1,950,000 which is also $378.20 per sq, ft. of living area.  This home was on the market for 164 days before going under contract.

In the past 12 months, 8 homes have sold in the Medalist.  Sales prices ranged from $520,000 up to $1,649,000 for an average sales price of $1,028,125 which equals $245.15 per sq. ft. of living area.  These homes sold for an average of 94% of the final list price and went under contract in an average of 165 days.

About The Medalist in Hobe Sound Florida:

It just doesn’t get any better that The Medalist if you want to play golf.  Surrounded by over 870 acres of pristine Florida natural preserve and the home of Greg Norman’s signature golf course.

The Medalist is located in Hobe Sound between Jupiter and Stuart Florida.  Easy access to Jupiter Island and the beaches and also a quick ride to I-95 and points South or North.

New homes are available from quality builder Zuckerman Homes as well as a number of fine pre-owned homes in the estates or the Medalist Village.   All homes at The Medalist Country Club Estates & Spa in Hobe Sound include access to the incomparable Medalist Village consisting of a world-class spa facility, a unique Par 3 golf course designed by Greg Norman, classic Har-Tru tennis courts, and a distinctive Aussie Pub that serves as the social center of the Medalist Village.

HOA fees in the Medalist vary greatly by location and currently (November 2016) range from $208 up to $558 per month.  The higher HOA homes typically include membership in the adjoining Greg Norman-designed par-3 golf course, 2 Har-Tru tennis courts, spa and fitness facilities, & Aussie Pub that serves as the social center of the community.

Children who live in the Medalist are zoned to attend Hobe Sound Elementary School, Murray Middle School and South Fork High School.

Please contact us for a list of amenities as well as currently available homes at the Medalist that are not available on our search page.

Search for Hobe Sound Florida Golf Course Homes for Sale

Hobe Sound FL 33455 Residential Market Report October 2016

Hobe Sound FL 33455 Residential Market Report October 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for October 2016

  For October 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 198 active listings. (Up by 5 homes from September)

Hobe Sound FL 33455 Residential Market Report October 2016

59 Residential sales are pending and awaiting close  (Down by 5 homes from September)

Hobe Sound FL 33455 Residential Market Report October 2016

33 Homes Sold in October (Down by 14 homes from last month)

Hobe Sound FL 33455 Residential Market Report October 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County has slowed down to a balanced market with reduced pending and closed sales and a continuing increase in inventory.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 6 months (4.1 months in September).  A balanced market for the first time in close to three years of sellers markets.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for October 2015 were:  122 active listings, 68 pending sales and 44 closed sales.  As with most other areas in Martin County for this month, weaker activity as compared to last year.

Hobe Sound FL 33455 Residential Market Report October 2016

Search here for Hobe Sound Florida Real Estate for Sale

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

Hobe Sound FL 33455 Residential Market Report October 2016

Buttonwood Condos November 2016 Market Report

Buttonwood Condos November 2016 Market Report

In late November 2016, there is only 1 condo available for sale in Buttonwood on Hutchinson Island in Stuart FL.  The list price is $500,000 which equals $304.14 per sq. ft. of living area.

No condos are currently under contract in Buttonwood.

In the past 12 months, 2 condos have sold.  Sale prices were $560,000 and $825,000 which averages out to $692,500 or $301.88 per sq. ft. of living area.  These two sales sold for an average of 97% of list price and went under contract within 73 days of being listed.

Buttonwood Condos on Hutchinson Island

Buttonwood Condos on Hutchinson Island

The Buttonwood Condos on Hutchinson Island are some of the most spacious homes available on the ocean.  These condos were built in 1983 and offer only 18 residences for discerning customers interested in a luxury ocean front lifestyle.  These condos range in size from a 3 bedroom, 4 bath residences of just under 2,300 sq. ft. of air conditioned space plus balconies down to 2 bedroom, 2 bath with over 1,600 sq. ft.

Buttonwood Condos on Hutchinson Island Buttonwood Condos on Hutchinson Island

Buttonwood residents enjoy private access to their own beach on the Atlantic, a heated pol and spa, clubhouse and tennis court.  Additional amenities include private garages for all units, a vehicle wash area and bicycle storage.

Buttonwood Condos on Hutchinson Island Buttonwood Condos on Hutchinson Island

Buttonwood is a pet friendly building with up to 2 large dogs permitted.  No rentals are allowed.

Buttonwood Condos on Hutchinson Island Buttonwood Condos on Hutchinson Island

Condo and management fees are just over $800 a month.  Buttonwood Condos on Hutchinson Island in Stuart FL is located approximately 1 mile north of the Stuart Causeway.

Buttonwood Condos on Hutchinson Island Buttonwood Condos on Hutchinson Island

Search here for all Buttonwood condos for Sale

Links to all Martin County Condos on Hutchinson Island in Stuart and Jensen Beach you may wish to consider:
Angler Cove  Beachwood Villas  Buttonwood  Dune Condominium  Fairwinds Cove  Green Turtle Cove  Hutchinson House Indian River Plantation Condos  Islander 12  Jensen Beach Club  Little Ocean Club  Little Ocean Place  Maritimes  Ocean View Sailfish Point  Sandpebble  Seaside  Suntide

Jensen Beach FL 34957 Condo Market Report October 2016

Jensen Beach FL 34957 Condo Market Report October 2016

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for October 2016

 

For October 2016 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 128 active listings. (Increased by 13 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2016

30 Condo sales are pending and awaiting settlement. (Down by 7 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2016

22 Condos Sold (Up by 5 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2016

 For the Jensen Beach FL 34957 Condo Market Report October 2016 had a surprisingly good month in what is typically a slow month for closed activity.  Closed sales were up as well as a nice little jump in inventory. Pending sales were off, but still pretty good.

The one month absorption rate for the October 2016, Jensen Beach Florida Market Report ZIP Code 34957 decreased to 5.8 months (from 6.7 months in September), moving the Jensen Beach condo market back towards a sellers market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The October 2015 numbers were: 24 active listings, 17 pending sales and 4 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.

Jensen Beach FL 34957 Condo Market Report October 2016

Jensen Beach Florida Real Estate presented by:
Gabe Sanders

Gabe Sanders

Jensen Beach FL 34957 Condo Market Report October 2016

Islandia Condos November 2016 Market Report

Islandia Condos November 2016 Market Report

In late November 2016 there were 11 condos for sale in Islandia.  List prices range from $274,900 up to $480,000 for an average list price of $375,782 or $284.52 per sq. ft. of living area.

There are 7 condos currently under contract in Islandia.  Listing prices were from $275,500 to $399,900 for an average list price of $339,014 which is $255.16 per sq. ft. of living area.  These condos averaged 91 days on market before going under contract.

In the past 12 months, 30 Islandia condos have sold.  Sales prices ranged from $205,000 up to $550,000 for an average sales price of $337,457 which is equal to $246.34 per sq. ft.  These units sold for an average of 96% of list price and averaged 84 days on market prior to going under contract.

The Islandia Condos of Jensen Beach

Islandia Condos of Jensen Beach

The Islandia Condos of Jensen Beach on Hutchinson Island consist of two 20 story buildings that were built in 1982. There are 388 total residences in these two buildings which are called Islandia I and II. Very conveniently located to the north of the Jensen Beach Causeway, and is just a short drive away from downtown Jensen Beach, shopping and restaurants.

Islandia Condos of Jensen Beach Islandia Condos of Jensen Beach

Condos in Islandia come in large 3 bedroom, 3 bathroom units with 1,929 sq. ft. of living area plus balconies and 3 bedroom, 2 bathroom units with 1,544 sq. ft. as well as 2 bedroom, 2 bath condos with either 1,437 or 1,228 sq. ft. Islandia residents enjoy wonderful amenities that include 2 Oceanside pools, private beach access, BBQ grilling area, Jacuzzi, tennis and bocce courts, and overflow parking with trailer and RV parking spaces. Interior facilities include a large social area with bar and kitchen, billiards, fitness center and steam sauna. There is an office with on-site management and 24 guard gated security.

Islandia Condos of Jensen Beach Islandia Condos of Jensen Beach

Islandia I does not allow pets, while those in Islandia II are allowed one pet under 30 lbs. Both buildings allow rentals with restrictions. The condo association fees at the time this is being written are from $1,420 to $1,950 per quarter.

Islandia Condos of Jensen Beach Islandia Condos of Jensen Beach

Those looking for a friendly beach community on Hutchinson Island in Jensen Beach should take a look at the Islandia Condo offerings.

Islandia Condos of Jensen Beach Islandia Condos of Jensen Beach

Click here for currently available Islandia 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  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

 

Jensen Beach FL 34957 Residential Market Report October 2016

Jensen Beach FL 34957 Residential Market Report October 2016

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for October 2016

 For October 2016 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 171 active listings. (Up by 2 homes from last month)

Jensen Beach FL 34957 Residential Market Report October 2016

69 Residential sales are pending and awaiting close or lender approval. (Decreased by 9 homes from September)

Jensen Beach FL 34957 Residential Market Report October 2016

37 Homes Sold (Up by 5 home sales from September)

Jensen Beach FL 34957 Residential Market Report October 2016

The Jensen Beach FL 34957 Residential Market continues to show strong activity for October.  Close and pending sales remained active and the inventory made a small gain.  One of the strongest markets currently in Martin County.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 4.6 months ( was 5.3 months in September).  A stronger sellers’ market for the Jensen Beach residential real estate segment as compared to last month.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The October 2015 numbers were: 133 active listings, 48 pending sales and 27 home sales closed.  One of the few areas of martin County with a much stronger market when compared to last year.
Jensen Beach FL 34957 Residential Market Report October 2016

Search here for Jensen Beach Real Estate for Sale

Residential Properties

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

Jensen Beach FL 34957 Residential Market Report October 2016

Riverbend at IRP November 2016 Market Report

Riverbend at IRP November 2016 Market Report

In November of 2016 there were 4 condos for sale in the Riverbend community of Indian River Plantation.  List prices range from $365,000 up to $439,900 for an average list price of $395,975 or $248.94 per sq. ft. of living area.

There is one condo under contract which was listed at $450,000 or $329.43 per sq. ft. of living area.  This condo went under contract 7 days after it was listed.

In the past 12 months, 8 condos have sold.  Sales prices ranged from $240,000 up to $495,000 for an average sales price of $386,688 which equals $237.27 per sq. ft.  These units sold for an average of 94% of list price and averaged 75 days on market prior to going under contract.

Riverbend in Indian River Plantation

Riverbend in Indian River Plantation

The Riverbend condos of Hutchinson Island in the Indian River Plantation complex of Stuart consist of five three story elevator buildings close to the Marriott Resort and full service marina in Indian River Plantation. These units were built between 198 and 1989 with many condos having magnificent wide water views of the Intracoastal Waterway also knows as the Indian River and others with sweeping views of the Indian River Plantation Golf Course and lakes.

aerial 2 Riverbend in Indian River Plantation

There are 86 spacious condos with a mix of three bedroom, three bathroom condos of 1,950 sq. ft. and two bedroom two bath condos ranging in size from 1,366 or 1,735 sq. ft. of living area. This is a pet friendly building with up to two large pets permitted. Riverbend residents enjoy their own community pool for Riverbend resident’s exclusive use. Covered parking is also a plus with either under building parking or private detached garages.

Riverbend in Indian River Plantation Riverbend in Indian River Plantation

Current condo and management fees are from $1,560 to 1,890 per quarter depending on the size of the condo.

Riverbend in Indian River Plantation Riverbend in Indian River Plantation

Click here to view available Riverbend Condos for Sale

 

The Marriott Resort at Indian River Plantation Features:

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

Riverbend in Indian River Plantation Riverbend 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.

Riverbend in Indian River Plantation Riverbend in 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.

views 3 Riverbend 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.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. Plantation East, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. The Ocean Club, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

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.

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

Search Hutchinson Island Homes For Sale

Individual Indian River Plantation Condos you may wish to consider: 
Bayview, Beachwalk, Dunes Club, Fairway Villas, Inlet Village, Lakeside, Ocean House, Ocean Terrace, Plantation Club Villas,Plantation House, Resort Villas, River Village, Riverbend, Riverwood, Tennis Villas

Links to all Martin County Condos on Hutchinson Island in Stuart and Jensen Beach you may wish to consider:
Angler Cove  Beachwood Villas  Buttonwood  Dune Condominium  Fairwinds Cove  Green Turtle Cove  Hutchinson House Indian River Plantation Condos  Islander 12  Jensen Beach Club  Little Ocean Club  Little Ocean Place  Maritimes  Ocean View Sailfish Point  Sandpebble  Seaside  Suntide

 

 

 

Palm City FL 34990 Condo Market Report October 2016

Palm City FL 34990 Condo Market Report October 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2016

 

For October 2016 in the 34990 Zip Code area of Palm City, Florida :



There are currently 76 active condo listings. (Increased by 5 condos from September)

   Palm City FL 34990 Condo Market Report October 2016

9 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)

Palm City FL 34990 Condo Market Report October 2016

5 Condos Sold in October. (Up by 1 condos from September)

Palm City FL 34990 Condo Market Report October 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Inventory has been rising for a few months now and closed sales are not increasing enough to offset this increase even though it has increased.

The current absorption rate for condos in the 34990 zip code area dropped to 15.2 months (was 17.8 months in October). Remaining a strong buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The October 2015 numbers were: 54 active listings, 10 pending sales and 3 closed sales.   A little more closed activity this year, but this is with a significantly greater inventory of active condos listed for sale.
Palm City FL 34990 Condo Market Report October 2016

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report October 2016

The new and improved housing market: A reason to be thankful

The new and improved housing market: A reason to be thankful

Happy Thanksgiving

As we all know, the holiday of Thanksgiving is the time we take a moment to count our blessings in life; which if we’re fortunate might include our family, our friends, our home, our work, our many and a sundry life blessings…

…and the housing market.

OK, so maybe you don’t spend as much time thinking about and doting on the national housing market as you do your family and friends—or we hope not, at least! Yet you have to admit that this year has witnessed the overall strengthening of the economy and an amazing turnaround in home sales—thus creating an exciting, invigorating new real estate market. Home sales are rising, prices are increasing, and mortgage rates are elevating. And, given this refreshing and encouraging change of circumstance, you yourself may be tempted to put your house up for sale.

Before you jump on the home sales bandwagon, however, pause to ask yourself some important questions first:

1. Are you indeed ready to sell your Stuart FL house? If your residence is still in good condition, still accessible to your workplace and to your children’s school, and still meeting all of your basic needs in terms of shelter and life sustenance, then you may just want to keep on living there—at least for a while.

2. Has the overall strength and solidity of the real estate market translated to your our area? In the past few months, numerous regions across the country have become virtual hot beds for real estate prosperity. From Boulder, Colo., to Bay City, Mich., to Sumter, S.C., more homes are being bought and sold at record rates. Just make sure that this aura and atmosphere of success, opportunity and prosperity has engulfed and encompassed your community. If home sales are slow and the economy weak in your town of residence, then you not wish to plunge headfirst into the local home sales market.

3. Before setting the price of your home, set some realistic expectations first. While home prices are raising, you still want to make sure that you don’t price yourself out of a profitable, top notch home sale. Place a great deal of intensive consideration into your chosen price; and if you happen to need a little help along the way….

4. Call a Realtor. You knew I’d say that, didn’t you? The fact is though that a seasoned professional real estate agent will help you navigate your way through today’s thriving but still complex housing market. Give me a call!

Gabe Sanders
Stuart FL Real Estate

Palm City FL 34990 Residential Market Report October 2016

Palm City FL 34990 Residential Market Report October 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for October 2016

 

For October 2016 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 400 active listings (Increased by 23 homes from September)

Palm City FL 34990 Residential Market Report October 2016

 114 Residential sales are pending and awaiting close or lender approval. (Down by 7 homes from last month)

Palm City FL 34990 Residential Market Report October 2016

55 Homes Sold in September (Up by 1 homes from September)

Palm City FL 34990 Residential Market Report October 2016

The Palm City FL, zip code 34990 residential real estate market activity is showing some weakness going into a buyers market for the first time in years.  Inventory is up above last year while sales and ending sales have decreased.
The monthly absorption rate increased to to 7.3 months from 7 months in September.  Now a buyers market for the first time in a few years 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 October 2015 numbers were:  377 active listings, 137 pending sales and 58 closed sales.  This is the second month with weaker activity for this year as compared to last year.

Palm City FL 34990 Residential Market Report October 2016

 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 October 2016

Island Club Condos November 2016 Market Report

Island Club Condos November 2016 Market Report

In late November 2016 there were 3 condos for sale in the Island Club on Hutchinson Island which is also sometimes called the Hutchinson Island Club.  These 3 condos are listed from $275,000 up to $399,900 for an average list price of $326,600 or $224.93 per sq. ft. of living area.

There is one condo currently under contract which has not sold to date.  The list price was $279,900 or $192.77 per sq. ft. of living area.  This condo was on the market for 38 days before going under contract.

In the past 12 months, 4 condos have sold.  Sales prices ranged from $260,000 up to $375,000 for an average sales price of $322,500 which is equal to $222.11 per sq. ft.  These units sold for an average of 94% of list price and averaged 95 days on market prior to going under contract.

The Island Club Condos in Jensen Beach

Island Club Condos on Hutchinson Island in Jensen Beach

The Island Club Condos of Jensen Beach are also known as the Hutchinson Island Club.  This one of a kind condo building was built in 1977 just to the south of the Waveland Public beach on Saint Lucie County to the north of the Jensen Beach Causeway. There are 92 residences in this 11 story building.

Island Club Condos on Hutchinson Island in Jensen Beach Island Club Condos on Hutchinson Island in Jensen Beach

The Island Club is unique because it features spectacular ocean views from floor to ceiling windows in all units.  All of these condos are also considerably larger than your average oceanfront offering with a number of 2 story 3 bedroom plus den, 3 bathroom condos of 2,524 sq. ft. not including the balconies as well as roomy 2 bedroom, 2 bath condos with 1,452 sq. ft. of living area. Some units have a detached one car garage.  Though there is reserved parking and ample guest parking for all.

Island Club Condos on Hutchinson Island in Jensen Beach Island Club Condos on Hutchinson Island in Jensen Beach

Amenities in the Island Club are a heated a pool, Jacuzzi, fitness room, kitchen, social area, billiard room, library, bar, BBQ grills, gazebo, sauna and shuffleboard courts.  All of this for just over $600 a month condo fees plus some for larger units and those that come with a one car garage.

Island Club Condos on Hutchinson Island in Jensen Beach Island Club Condos on Hutchinson Island in Jensen Beach

Sorry, no pets are permitted in the Island Club, but rentals are allowed with some restrictions.

Island Club Condos on Hutchinson Island in Jensen Beach Island Club Condos on Hutchinson Island in Jensen Beach

If you’re in the market for unparalleled views from a spacious home on the ocean, the Hutchinson Island Club may be the perfect spot for you.

Click here for currently available Island Club 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 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

Stuart FL 34997 Condo Market Report October 2016

Stuart FL 34997 Condo Market Report October 2016

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2016

For October 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 72 active condo listings (Unchaged from September).

Stuart FL 34997 Condo Market Report October 2016

27 Condo sales are pending and awaiting close or lender approval (Up by 8 condos from September).

Stuart FL 34997 Condo Market Report October 2016

6 Condos Sold in October (Decreased by 10 condos from September).

Stuart FL 34997 Condo Market Report October 2016

     The Stuart FL condo market for zip code 34997 had reduced sales activity and increased inventory for October 2016 with a promising increase in pending sales.
     The absorption rate dropped to 12 months in October from 4.5 months for September. A buyers’ market for the first time in a while 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 October 2015 numbers were: 59 active listings, 21 pending sales and 12 closed sales.  Better pending activity this year with less closed sales activity.  The inventory is up.

Stuart FL 34997 Condo Market Report October 2016

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2016

Stuart FL 34997 Residential Market Report October 2016

Stuart FL 34997 Residential Market Report October 2016

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2016

There are currently 331 active listings (Increased by 21 homes from September).

Stuart FL 34997 Residential Market Report October 2016

132 Residential sales are pending and awaiting close or lender approval (Unchanged from September).

Stuart FL 34997 Residential Market Report October 2016

58 Homes Sold in October (Decreased by 41 homes from September)

Stuart FL 34997 Residential Market Report October 2016

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate and for this month there was a sizeable slowdown in closed sales along with a big jump in inventory.
     The absorption rate decreased slightly to 5.7 months (was 3.5 months for September).  Almost back up to a balanced market for the 34997 zip code area of Stuart FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2015 numbers for October, were: 308 active listings, 163 pending listings and 66 closed sales.  Considerably stronger activity last year with less inventory.
Stuart FL 34997 Residential Market Report October 2016

Search here for 34997 Zip Code of Stuart FL real estate for sale

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

Stuart FL 34997 Residential Market Report October 2016

Coming Soon Completely Upgraded Vista Pines Condo

Coming Soon Completely Upgraded Vista Pines Condo

Vista Pines Condos in Stuart FL

Soon to be available, this furnished first floor end unit condo that is totally updated with a new kitchen, including new appliances, tile floors and freshly painted. This spacious unit has 1 large bedroom, 1 and 1/2 bathrooms and a dining area and living room. Ample storage and closet space.  Please call Gabe Sanders (772-232-5966) for approximate pricing and showing details.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

But, the best part is that it’s located just steps away from shopping and restaurants and only a few minutes to medical facilities, professional offices as well as the beaches, waterways and historic downtown area of Stuart. Sorry, no pets and this community is restricted to ages 55 and over.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

The Vista Pines condominium complex consists of over 517 condos very conveniently located on SE Ocean Blvd. just in between the downtown Stuart area and the beaches of Hutchinson Island.  Also, close to restaurants, grocery stores and medical facilities that are within walking distance for many.

 Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

Vista Pines condos were first built in 1970 and the last one was completed in 1973.   All the buildings are two story and contain both 2 Bedroom, 2 Bath and 1 Bedroom 1 Bath units.  Sizes range from 1,089 sq. ft. of living space down to 679 sq. ft. 1 bedroom units.  Buildings are situated to maximize privacy and for serene views of green space.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

There’s an active clubhouse with a large swimming pool as well as shuffleboard courts.  No pets are permitted in Vista Pines and this is an age restricted (55+) community.  The HOA fees as of August 2014 were from the low $200’s for a 1 Bedroom unit to just over $300 per month for 2 Bedroom condos.

  Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

Search for currently available condos in Vista Pines

Coming Soon Completely Upgraded Vista Pines Condo

Stuart FL 34996 Condo Market Report October 2016

Stuart FL 34996 Condo Market Report October 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for October 2016

For October 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 137 active condo listings (Up by 5 condos last month).

Stuart FL 34996 Condo Market Report October 2016

23 Condo sales are pending and awaiting close or lender approval (Decreased by 2 condos from September).

Stuart FL 34996 Condo Market Report October 2016

11 Condos Sold in October (Down by 10 condos from September) 

Stuart FL 34996 Condo Market Report October 2016

The Stuart FL 34996 Condo Market of Stuart eased off in closed and pending sales while continuing to gain in inventory.  This is not an unexpected result as we are in the slower season for condo sales which traditionally rely on the second home market.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 jumped to 12.5 months from September’s 6.3 months.  A buyers market as the condo season winds down for the end of the season.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for October 2015 were: 79 active listings, 29 pending sales and 26 closed sales.  Considerably stronger condo market last year.

Stuart FL 34996 Condo Market Report October 2016

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Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report October 2016

Lake Tuscany Pool Home Under Contract

Lake Tuscany Pool Home Under Contract

Lake Tuscany pool home in Stuart Florida

A 2005 built Mercedes home with gorgeous lake views. This is a 4 bedroom, 3 bathroom, plus den/office with a 3 car garage.  Loaded with generous updates and features including a private lot with 166 feet of lake front, a saltwater pool and plantation shutters throughout.  There is ample room for entertaining large groups.  This home is conveniently located on a cul de sac for privacy.  Lake Tuscany is in a wonderful location with easy access to I-95 as well as shopping and downtown Stuart FL and the beaches.  This is like a model home with decorative ceiling fans, formal dining and living rooms, large office with built-ins, custom closet treatments and pantry, beautiful wood flooring in main living spaces, large kitchen with eat-in dining area and a large laundry room with built-ins.

Lake Tuscany pool home in Stuart Florida Lake Tuscany pool home in Stuart Florida

Lake Tuscany pool home in Stuart Florida Lake Tuscany pool home in Stuart Florida

About Lake Tuscany in Stuart FLorida

Search for currently available homes in Lake Tuscany in Stuart Florida

Lake Tuscany in Stuart Florida 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 in Stuart Florida

Lake Tuscany boasts lush landscaping and very reasonable Home Owner’s Association fees of $316 per quarter (as of November 2016).  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 in Stuart Florida

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 in Stuart Florida

  Search for currently available homes in Lake Tuscany in Stuart Florida

Stuart FL 34996 Residential Market Report October 2016

Stuart FL 34996 Residential Market Report October 2016

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for October 2016

 

For October 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 174 active listings (Up by 13 homes from September).

Stuart FL 34996 Residential Market Report October 2016

25 Residential sales are pending and awaiting close or lender approval (Down by 2 homes from September).

Stuart FL 34996 Residential Market Report October 2016

15 Homes Sold in October (Increased by 2 homes from September).

Stuart FL 34996 Residential Market Report October 2016

The 34996 zip code area of the Stuart Florida residential real estate market improved for October 2016 after a weaker previous two months.

The one month absorption rate for the 34996 zip code area of Stuart Florida for October decreased to 11.6 months as compared to September’s 12.4 months.  The  third month in a row as a buyers’ market for the 34996 zip code area of Stuart FL after a long string of being in a sellers market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for October of 2015 were: 161 active listings, 17 pending sales and 12 closed sales.  Improved sales activity from last year with an increase in inventory as well.

Stuart FL 34996 Residential Market Report October 2016

 Search here for real estate in the 34996 Zip Code of Stuart FL

Stuart Florida Real Estate presented by:

Gabe Sanders – Stuart Florida Real Estate

Stuart FL 34996 Residential Market Report October 2016

Fall into a New Home

Fall into a New Home

Fall

As we say goodbye to the season of summer, traditionally a time of sun and fun, we also welcome the autumn months; traditionally a time when people choose to make major decisions and changes in their lives.

During these pivotal months, you may be considering a major life move, most literally. In other words, you might be seriously contemplating the purchase of a new home.

Before you make the big move this fall, ask yourself a few important questions first:

1. Are you more restless or resolved? Some people simply grow tired of homes that are still very livable and in great condition. In this case, you might opt to remodel or in some way enhance your homestead, as opposed to selling the house outright and investing in a new residence. If on the other hand you are resolved to making a major change in your life and scene, then it may be time to buy a new home.

2. Are you still living under the influence of summer fever? When some people escape for a long, revitalizing summer vacation, they may become enamored of their vacation spot; so much so that they suddenly develop a burning desire to move to Paradise. What they need to realize, though, is that Paradise may seem just a bit less heavenly if you have to work and pay bills there—like you do back home, and in the context of your everyday life. Depending on how much it costs to reside at your dream locale, as well as the educational and occupational opportunities available there, it might not be worth it to move to Paradise. If on the other hand you truly feel that your vacation spot might also make an ideal new home, then you may wish to check out the real estate market in that area.

3. Are you ready for a major move? If you do choose to relocate to a new home this fall, you will have to find a new job or educational institution, new recreational and cultural opportunities, a new doctor and dentist, and new friends. You will have to endure the stresses of moving and establish new roots in your fresh purchased home place. Ah, but perhaps you are ready for a change and up for the challenge. If so, then fall into fall; and, if you choose, into the home of your dreams.

If you’re ready, give me a call.

Stuart FL 34994 Condo Market Report October 2016

Stuart FL 34994 Condo Market Report October 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for October 2016

For October 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 93 active condo listings (Up by 1 condos from September).

Stuart FL 34994 Condo Market Report October 2016

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

Stuart FL 34994 Condo Market Report October 2016

14 Condos Sold in October (Down by 4 condos from September).

Stuart FL 34994 Condo Market Report October 2016

The Stuart FL 34994 Condo market moderated for last month after a pretty strong summer.  This is what we expect for the condo market in this time of the year.  This should continue until the first of the year when activity will pick up steam once again.

The absorption rate for October increased to 6.5 months compared to last month’s 5.1.  Moving into a balanced market for this condo segment of Stuart’s 34994 zip code area.  In line for summer condo activity for the area.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last October the numbers were 87 active listings, 28 pending sales, and 15 closed sales.   Very similar activity when compared to last year.

Stuart FL 34994 Condo Market Report October 2016

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Stuart Florida Market Report ZIP Code 34994 – Condo, October 2016

Stuart Oceanfront Condo on Hutchinson Island Price Reduced

Stuart Oceanfront Condo on Hutchinson Island Price Reduced

The new price for this Suntide Condo is $315,000.  View more pictures and information about this condo here.

Ocean Access from the Suntide Condo on Hutchinson Island

A spacious condo with just under 1,800 sq. ft. of living area in the Suntide Condominium of Stuart FL. This 2 bedroom, 2 bathroom condo has been well maintained and offers ample storage as well as plenty of flex room if you need more space for additional visitors. The enclosed patio offers great peeks at the Ocean and green space. This first floor condo also has additional storage, under building parking, community pool, sundeck, exercise room, clubhouse with kitchen and party area as well as billiards and a game room. All in a wonderful oceanfront location that is close to the Publix market as well as downtown Stuart.

Pool of Suntide Condo on Hutchinson Island Pool of Suntide Condo on Hutchinson Island

About Suntide Condos on Hutchinson Island

Located on Hutchinson Island in uncrowded and unspoiled Martin County, the  Suntide Building  is one of the premier ocean front condos in Stuart, Florida.  Boasting truly fine amenities with a protected pool, private beach access and hard to find under building protected parking.  There’s a full clubhouse with a fitness center, pool table, card room, library, full kitchen and reading room.

Fitness Room in the Suntide Condo on Hutchinson Island Game room in the Suntide Condo on Hutchinson Island

Suntide has all two bedroom, two bath condos that come in four different configurations and sizes.  The largest of these feature an office, sitting room than can possibly double as an extra bedroom.  Many units have direct and unspoiled ocean views.  One of the best run associations in Stuart, this fine complex is always a desirable destination for those who have made it their permanent residence as well as those who enjoy it as a vacation get away.

Tennis Courts of Suntide Condo on Hutchinson Island Shufleboard Courts in Suntide Condo on Hutchinson Island

As of November 2016, condo fees in Suntide varied from $450 to $570 a month depending on the size of the condo. This fee includes Cable, Common Areas, Elevator, Insurance-Bldg, Lawn Care, Manager, Master Antenna/TV, Parking, Pest Control, Reserve Funds, Roof Maintenance, Sewer and Water.

Under Building Parking for the Suntide Condo on Hutchinson Island Pool of Suntide Condo on Hutchinson Island

Sundeck of the Suntide Condo on Hutchinson Island Suntide Condo on Hutchinson Island

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Hutchinson Island Real Estate is presented by:
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