Ocean Terrace Condos May 2016 Market Report

05.27.16 by

Ocean Terrace Condos May 2016 Market Report

For May 2016 there are no condos available for sale in the Ocean Terrace building in Indian River Plantation on Hutchinson Island in Stuart FL.

There are also no condos currently under contract.

In the past 12 months, 2 condos have sold in Ocean Terrace.  Sales prices were $128,000 and $165,409 for an average sales price of $146,705 or $146.56 per sq. ft. of living area.  Both of these were 1 bedroom condos.  Sale prices averaged 95% of the last list price and these condos averaged 176 days on market before going under contract.

About the Ocean Terrace Condominiums in Indian River Plantation

Ocean Terrace Condos in Indian River Plantation

The Ocean Terrace condos of Hutchinson Island in the Indian River Plantation complex of Stuart FL is a direct ocean front building.  These units were built in 1981 with units having either ocean views or sweeping golf course and lake views of the Indian River Plantation Golf Course

Ocean Terrace Condos in Indian River Plantation Ocean Terrace Condos in Indian River Plantation

There are 32 units with both two bedroom two bath condos of 1200 sq. ft. of living area and one bedroom one bath condos of 1001 sq. ft. of living area.  Ocean Terrace is a four story elevator building and has the convenience of under building parking for residents.  This is a pet friendly building with one large pet permitted for owners.

 Ocean Terrace Condos in Indian River Plantation

Current condo and management fees are around $700 per month.

Ocean Terrace Condos in Indian River Plantation Ocean Terrace Condos in Indian River Plantation

Indian River Planation amenities include a golf course, full service marina, tennis courts, tiki bar and shuttle service around the complex and to the Hutchinson Island Marriott resort facilities.

Click here to view available Ocean Terrace 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.

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.

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.

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.

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

Ocean Terrace Condos May 2016 Market Report

April 2016 Monthly Market Detail Martin County Single Family Homes

05.26.16 by

April 2016 Monthly Market Detail Martin County Single Family Homes

The April 2016 Monthly Market Detail Martin County Single Family Homes showed lower closed sales from last years numbers and a continued decrease in inventory.  Year to year closed sales were down by 4.3% (was up 3.4% in March). New pending sales decreased by 0.3% as compared to April of 2015 (Decreased by 0.8% in March).

And prices continue to rise as the median sales price was up by 6.7% from last year (up by 17.1% in March) while the average price increased by 22.6% (was up by 15.3% last month).  Price increases of this magnitude are probably unsustainable and I don’t anticipate them going up like this for much longer.

The inventory of available single family homes decreased from last month by 60 homes to 1,040 units for this month,  this is 1.5% less than last April.  Current supply of homes is 5.1 months, for April of last year it was a 5.3 months supply. (This is a 3.8% decrease from last year).  Still a sellers market for Martin County single family home sales.

April 2016 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:
April 2016 Monthly Market Detail Martin County Single Family Homes

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.

April 2016 Monthly Market Detail Martin County Single Family Homes

Dunes Club Condos May 2016 Market Report

05.26.16 by

Dunes Club Condos May 2016 Market Report

For May 2016 there is one condo available to purchase in the Dunes Club on Hutchinson Island.  The list price for this unit is $319,900 which equals $244.20 per sq. ft. of living area.  This condo has been on the market for 32 days.

There are no condos currently under contract in the Dunes Club.

And, in the past twelve months, two condos have sold.  Sales price were $305,000 and $360,000 for an average sales price of $332,500 or $274.81 per sq. ft. of living area.  These two condos sold for an average of 96% of list price and went under contract in an average of 31 days after being listed.

About the Dunes Club Condos on Hutchinson Island

Dunes Club Condos on Hutchinson Island

The Dunes Club Condos of Hutchinson Island just outside of the Indian River Plantation complex of Stuart FL is an oceanfront complex of spacious townhome style condos.  These units were built in 1974. There are 18 residences; all are 2 bedroom and 3 bath condos with 1,310 sq. ft. of living area.

Dunes Club Condos on Hutchinson Island

There is ample parking for all as well as a private swimming pool.  The management fees at the time of this writing are $1,825 per quarter.

Dunes Club Condos on Hutchinson Island

Though not actually a part of the Indian River Plantation, residents can join the beach club and enjoy the amenities which include a golf course, full service marina, tennis courts, tiki bar and shuttle service around the complex and to the Hutchinson Island Marriott resort facilities.

Dunes Club Condos on Hutchinson Island

Click here to view available Dunes Club Condos for Sale

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

Dunes Club Condos May 2016 Market Report

April 2016 Monthly Market Detail Florida Townhouses and Condos

05.25.16 by

April 2016 Monthly Market Detail Florida Townhouses and Condos

The April 2016 Monthly Market Detail Florida Townhouses and Condos is beginning to show some slower activity tahn in past years drifting out of a sellers market and currently in a balanced one.  Closed sales were down by 5.3% as compared to last months decrease of 7.1% and new sales under contract (new pending sales) decreased by 5.7% (In March there was a 10.1% decrease).  While on the single family side of the Florida real estate market this decrease in volume can be attributed to inventory, for condos and townhouses it appears to be strictly price related as the inventory has been gaining in the past few months.

Inexplicably, prices continue to rise, though at a slower pace than for the past few years.  The median sales price was up by 4.4% (up by 3.3% in March), while the average sales price increased by 2.9% (was down 3.9% in March).  Should the inventory continue to rise with slow sales, I expect these price increase to shrink in the near future.

The inventory increased by 7.5% from April of last year.  For April 2016 we have 6.3 months of inventory (was also 6.3 months in March) and compared to 5.9 for April 2015.  We are currently in a balanced market for Florida townhouse and condo sales.

April 2016 Monthly Market Detail Florida Townhouses and Condos

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
April 2016 Monthly Market Detail Florida Townhouses and Condos

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.

April 2016 Monthly Market Detail Florida Townhouses and Condos

Bay Colony of Stuart May 2016 Market Report

05.25.16 by

Bay Colony of Stuart May 2016 Market Report

For May of 2016 there is one home for sale in the Bay Colony of Stuart. This home is listed for $649,000 which is $207.88 per sq. ft. of living area.  This home has been on the market for 141 days.

There is also one home under contract which has not closed at the time this report was written.  The list price is $775,000 or $212.27 per sq. ft. of living area.  This home was on the market for 84 days prior to going under contract.

And, in the past twelve months one home sold in the Bay Colony of Stuart with a sales price of $1,275,000 which equals $254.14 per sq. ft. of living area.  This home was on the market for 83 days prior to going under contract and sold for 85% of list price.

About the Bay Colony of Stuart

The Bay Colony of Stuart is an exclusive gated community lying on the shores of the North Fork of the Saint Lucie River.  There are 34 home sites in Bay Colony and as of February 2015 only two vacant lots remain.

Bay Colony of Stuart

Many homes in Bay Colony are waterfront and enjoy gorgeous mile long wide open views of the river.  Homes come in sizes from 3 bedroom, 2 bathroom homes of just over 2,000 sq. ft. of living area up to a 5 bedroom, 5 bathroom home with over 5,000 sq. ft. of living space and almost 6,300 sq. ft. under roof.  Homes have been built from 1979 to the newest which was completed in 2005.

Bay Colony of Stuart

This community enjoys low HOA fees of only $775 per year which go towards maintaining the common areas and gate (current as of October 2015).

Bay Colony of Stuart

Excellent location that’s close to the Treasure Coast Mall and the shopping areas of US-1 in Jensen Beach as well as only a few minutes to the beaches of the Atlantic Ocean.

This community is in the Martin County School system and children attend the Felix Williams Elementary, Stuart Middle and Jensen Beach High Schools.

You can search this link for any available Bay Colony of Stuart Homes for Sale

Bay Colony of Stuart May 2016 Market Report

April 2016 Monthly Market Detail Florida Single Family Homes

05.24.16 by

April 2016 Monthly Market Detail Florida Single Family Homes

The April 2016 Monthly Market Detail Florida Single Family Homes shows continued strong activity but less robust than last year primarily because of reduced inventory and strong price increases.  Closed sales were down by 0.6% (was also down by 0.6% in March) and new sales under contract (new pending sales) were down by 4.2% (was down by 6.3% in March).

Both median and average sales prices continue to rise ( April 2015 to April 2016) by 9.2% and 3.8% respectively, compared to March’s 10.3% and 4.9%.  These year to year price increases remain very strong, and in my opinion, unsustainable for the long run.  But, for now, these increases show no signs of abating.

The inventory of available homes for sale fell by 23% from last year.  Higher demand areas of Florida have seen decreasing inventory for more than three years now.  For April there was only a 4.5 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (April of 2015 had a 4.8 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

April 2016 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

April 2016 Monthly Market Detail Florida Single Family Homes

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.

April 2016 Monthly Market Detail Florida Single Family Homes

Villa del Sol May 2016 Market Report

05.24.16 by

Villa del Sol May 2016 Market Report

For may 2016 there are three condos on the MLS in Villa del Sol on Hutchinson Island in Jensen Beach FL.  List prices range from $125,000 to $220,000 for an average list price of $164,967 or $206.88 per sq. ft. of living area.  These condos have been on the market for an average of 246 days.

There are two condos under contract in Villa del Sol.  List prices were $275,000 and $235,000 for an average of $255,000 which equals $183.21 per sq. ft. of living area.  These condos averaged 145 days on market prior to going under contract.

In the past 12 months, 4 condos have sold with sales prices from $130,000 up to $250,000 for an average sales price of $187,500 which is $114.78 per sq. ft. of living area.  These condos sold for an average of 87% of list price and were under contract in an average of 203 days after being listed.

About the Villa Del Sol Condos on Hutchinson Island

Villa del Sol condos on Hutchinson Island in Jensen Beach

The Villa del Sol condominium on Hutchinson Island is the first set of condos north of the Jensen Beach Causeway in Saint Lucie County.  This complex was completed between 1970 and 1974 and includes 73 units of condos as well as townhouse style condos from 1 Bedroom, 1 Bath units of 540 sq. ft. of living area under AC up to 2 Bedroom, 2.5 Baths, 2 story units of 1,394 sq. ft.

Villa del Sol condos on Hutchinson Island in Jensen Beach

This is an oceanfront complex with a community pool, private beach access and manager on site.  1 large pet is permitted and the rental policy allows rentals of 30 days or greater.  As of this writing the condo fees are $426 per month.

Villa del Sol condos on Hutchinson Island in Jensen Beach

Great location only a short drive to downtown Jensen Beach as well as within walking distance of shops on Hutchinson Island.

Villa del Sol condos on Hutchinson Island in Jensen Beach

Click here for available Villa del Sol 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 – Ocean Dunes – Oceana North – Oceana Oceanfront – Oceana South – Ocean Towers – Oceanrise  – Ocean Bay Villas – Princess –  Regency – Sand Dollar Shores – Sea Winds

Villa del Sol May 2016 Market Report

Hobe Sound FL 33455 Condo Market Report April 2016

05.23.16 by

Hobe Sound FL 33455 Condo Market Report April 2016

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for April 2016

 

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

 

There are currently 5 active condo listings. (No change in active condos from March)

Hobe Sound FL 33455 Condo Market Report April 2016

6 Condos are pending and awaiting close. (Down by 1 condos from March)

Hobe Sound FL 33455 Condo Market Report April 2016

4 Condos sold. (Up by 1 from last month)

 Hobe Sound FL 33455 Condo Market Report April 2016

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  April showed strong activity for the little existing inventory available for Hobe Sound Condos.

There were no sales in Hobe Sound condos for both January and March, but for April the absorption rate is 1.3 months, for December of 2015 it was 1.7 months.  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 may 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 2015 numbers were: 10 active listings, 2 pending sales and 5 closed sales.  Considering we have just over half the active inventory from last year, this months sales volume is impressive.

Hobe Sound FL 33455 Condo Market Report April 2016

Search Hobe Sound Condominium Properties by Price

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report April 2016

 

Selling Your Stuart Home? – Think Like a Buyer

05.23.16 by

Selling Your Stuart Home? – Think Like a Buyer

If you are planning to sell your Stuart home anytime in the near future, then you no doubt feel that your residence will make an exemplary addition to today’s flourishing real estate market. And while you are probably absolutely right in this assertion, you may want to take a moment and look at your home from the perspective of a potential Stuart buyer.

As someone who is bound to view and inspect a vast number of homes before they make a final buying decision, a buyer is going to view your home through a very special lens, and from a most unique perspective. As such, you must be willing to surrender your personal and highly sentimental view of your house (one that you hold with good reason, as your residence is beautiful), and investigate your home from the perspective of someone who might consider making it their own.

1. Does your home look buyable?  Your home no doubt holds a great deal of sentimental appeal for you. Yet if you were seeing the house for the first time, would you consider it clean and attractive?

2. Is your home competitive with other homes available in your area’s current real estate market?  Remember that today’s buyers have a rich selection of homes from which to choose; so it might benefit you to peruse current real estate listings advertised online, in the newspaper and in MLS books and real estate magazines. See how your house stacks up in terms of benefits and amenities offered, along with its asking price.

3. Is your home located in a desirable location?  It always helps if your home is located in a community that comes complete with rich and varied occupational, educational, cultural and recreational opportunities. The crime rates, tax rates, environmental landscape, and governmental structure of your community also might play roles in a person’s eventual decision to buy or not to buy your home. The better your community, the better your prospects of selling a home located in this community.

4. Is your home one that you would buy yourself?  If you were visiting your home for the first time, would you consider buying it?  It might sound like a silly question, but it is one you must ask when putting your residence up for sale—and answer to the very best of your ability, to get the optimum price for your beautiful home. Happy selling!

If you’d like my professional opinion on your home’s value, just call me at 772-323-6996.

Hobe Sound FL 33455 Residential Market Report April 2016

05.22.16 by

Hobe Sound FL 33455 Residential Market Report April 2016

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

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

There are currently 217 active listings. (Up by 9 homes from March)

Hobe Sound FL 33455 Residential Market Report April 2016

99 Residential sales are pending and awaiting close  (Down by 17 homes from March)

Hobe Sound FL 33455 Residential Market Report April 2016

54 Homes Sold in April (Down by 2 homes from last month)

Hobe Sound FL 33455 Residential Market Report April 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County while still an active market is showing some signs of weakness with less close sales and pending sales and an increasing inventory.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 4.0 months (3.8 months in March).  The second month in a row of being in a sellers market after two months of being in a balance one.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for April 2015 were:  178 active listings, 133 pending sales and 63 closed sales. Better activity last year even though there was less inventory.  One of the few areas of Martin County with greater inventory than from 2015.

Hobe Sound FL 33455 Residential Market Report April 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 April 2016

Jensen Beach FL 34957 Condo Market Report April 2016

05.21.16 by

Jensen Beach FL 34957 Condo Market Report April 2016

 

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

 

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



There are currently 32 active listings. (Increased by 7 condos from March)

Jensen Beach FL 34957 Condo Market Report April 2016

8 Condo sales are pending and awaiting settlement. (Decreased by 5 condos from March)

Jensen Beach FL 34957 Condo Market Report April 2016

12 Condos Sold (Increased by 3 condos from March)

Jensen Beach FL 34957 Condo Market Report April 2016

 The Jensen Beach FL 34957 Condo Market Report April 2016 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  The Jensen Beach condo inventory is the real issue with not enough to choose from for those buyers looking in the area, though for April we had a nice little increase which will hopefully continue.  Unfortunately pending sales were off for the month.

The one month absorption rate for the April 2016, Jensen Beach Florida Market Report ZIP Code 34957 was 2.7 months (from 2.8  months in March), continuing as a very extreme sellers market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The April 2015 numbers were: 28 active listings, 16 pending sales and 11 condos closed.  Similar to last years numbers.

Jensen Beach FL 34957 Condo Market Report April 2016

Jensen Beach Condominium Properties by Price

 

Jensen Beach Florida Real Estate presented by:
Gabe Sanders

Jensen Beach FL 34957 Condo Market Report April 2016

Harborage Yacht Club May 2016 Market Report

05.21.16 by

Harborage Yacht Club May 2016 Market Report

For May 2016 there are 19 active listings in the Harborage Yacht Club with list prices ranging from $139,900 up to $310,000 for an average list price of $204,391 which comes out to $172.65 per sq. ft. of living area.  As of May 17, 2016 the average days on market for these condos is 276.

There is only one condo under contract.  The list price was $150,000 or $128.31 per sq. ft. of living area with this condo going under contract 28 days after being listed.

In the past 12 months, 7 condos have sold.  Sales prices were from $127,000 up to $230,000 for an average sales price of $163,714 which equals $136.18 per sq. ft. of living area.  These condos sold on average at 90% of list price and took an average of 389 days before going under contract.

About the Harborage Yacht Club Condos in Stuart Florida

Harborage Yacht Club in Stuart Florida
Harborage Yacht Club in Stuart Florida

Located just north of the charming historical heart of Martin County, Stuart’s downtown and just across the Roosevelt Bridge is one of Stuart’s newest waterfront communities, the Harborage Yacht Club and Marina. Located on the shores of the wide Saint Lucie River and only minutes to access the Atlantic Ocean via the Saint Lucie Inlet and then either great fishing or travel to points beyond.

The Harborage Yacht Club and Marina consists of a newer condo development with 2 and 3 bedroom luxury residences called cottages, almost all with sweeping water views. Developed by well renowned Altman Development Corporation and constructed from 2004 to 2006.  Completely sold out at it’s unveiling, many units are currently available at deeply discounted prices.

Harborage Yacht Club in Stuart FloridaHarborage Yacht Club in Stuart FloridaThe marina consists of 150 deep water docks available for rent for both owners and visitors to the beautiful Treasure Coast. Amenities include a state of the art 3 story yacht club, with the exclusive Harbor Grille restaurant, a completely equipped professional fitness center with sauna and spa, infinity edge pool and spa, and much, much more.

Yacht club membership is included for all residents and limited memberships are available for non-residents at this time. Recent changes to the HOA fees have had a negative effect on sales in Harborage with the current fees exceeding $1,000 a month.  This includes a great many amenities and for the price of newer waterfront units it may just be worth it for the right buyer.

Search for available Condos in the Harborage Yacht Club

Jensen Beach FL 34957 Residential Market Report April 2016

05.20.16 by

Jensen Beach FL 34957 Residential Market Report April 2016

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

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

 There are currently 113 active listings. (Down by 11 homes from last month)

Jensen Beach FL 34957 Residential Market Report April 2016

72 Residential sales are pending and awaiting close or lender approval. (Up by 6 homes from March)

2 pending

37 Homes Sold (Increased by 8 homes from March)

3 sold

The Jensen Beach FL 34957 Residential Market had a very strong April with increase in both pending and closed sales.  Unfortunately, the active inventory continues to decline with fewer choices for those buyers in the market for a Jensen Beach home.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 3.1 months (was 4.3 months in March).  An extreme sellers market for Jensen Beach.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The April 2015 numbers were: 145 active listings, 88 pending sales and 48 home sales closed.   Better activity last year, but also with considerably higher inventory.
DOM

Search here for Jensen Beach Real Estate for Sale

Rental Properties

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All Residential properties for sale in the 34957 Zip Code area of Jensen Beach FL

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Condominium 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 April 2016

Sunset Cove Condos May 2016 Market Report

05.20.16 by

Sunset Cove Condos May 2016 Market Report

For May 2016, there are two condos listed in the Sunset Cove condos of North Stuart on the Saint Lucie River.  These two condos are listed at $234,900 and $269,900 for an average list price of $252,400 which equals $154.66 per sq. ft. of living area.  These two condos have been on the market for an average of 26 days as of May 17.

There is one condo currently under contract that was listed for $249,900 or $159.17 per sq. ft. of living area.  This condo was on the market for 162 days prior to accepting the current offer.

In the past 12 months, 2 Sunset Cove condos have sold.  Sales prices were $209,344 and $315,000 for an average sales price of $262,172 which is $166.99 per sq. ft. of living area.  These sales averaged 98% of the average list price and went under contract in an average of 103 days after being listed.

About the Sunset Cove Condos

Sunset Cove Condos in Stuart FL

Sunset Cove is a beautiful condo complex north of the Roosevelt Bridge in Stuart FL and just south of the North River Shores area of Stuart.  This four story elevator equipped condo building lies on the east side of the north fork of the Saint Lucie River with magnificent wide water views from all 32 condos.

Sunset Cove Condos in Stuart FL

This building was built in 1981 and has deep water dockage with easy ocean access as well as a pool, Jacuzzi and club house.  Residents enjoy reserved covered parking spaces as well as ample guest parking.  Great location with just a short hop across the bridge to enjoy all the amenities of historic downtown Stuart.  Also, easy access to shopping, restaurants and the Treasure Coast Mall.

Sunset Cove Condos in Stuart FL

These are spacious 2 bedroom condos with either 1,570 sq. ft. or 1,690 sq. ft. of living space along with wide open balconies to enjoy (as the name implies) scenic sunsets over the wide river.

Sunset Cove Condos in Stuart FL

Sunset Cove has no age restrictions and also welcomes up to 1 small pet.  Rentals are also permitted with some restrictions.  The current condo association fees are $520 per month (April 2016) and include building maintenance and insurance as well as common areas, exterior pest control, trash pickup, etc.  Those utilizing the docks have an additional charge of $1.75 per linear foot of their boats.

Click here to see if any Sunset Cove condos are available for sale

Sunset Cove Condos May 2016 Market Report

Palm City FL 34990 Condo Market Report April 2016

05.19.16 by

Palm City FL 34990 Condo Market Report April 2016

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

 

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



There are currently 65 active condo listings. (No change in active condos from March)

   Palm City FL 34990 Condo Market Report April 2016

12 Condo sales are pending and awaiting close or lender approval. (Down by 3 condos from last month)

Palm City FL 34990 Condo Market Report April 2016

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

Palm City FL 34990 Condo Market Report April 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For April of 2015 sales increased nicely while pending sales were off while the inventory remained unchanged, though higher thanlast year.

The current absorption rate for condos in the 34990 zip code area dipped to 8.1 months (was 16.25 months in April).   Still a buyers market for Palm City condos, though these numbers should be taken with a grain of salt because of the low number of available properties.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The April 2015 numbers were: 55 active listings, 11 pending sales and 7 closed sales.   Very similar activity to last year, though interestingly the inventory of available condos has now exceeded last years amount.
Palm City FL 34990 Condo Market Report April 2016

Search for Palm City Condos by Price:

Palm City Florida Real Estate presented by:
Gabe Sanders

 

Palm City FL 34990 Condo Market Report April 2016

Palm City FL 34990 Residential Market Report April 2016

05.18.16 by

Palm City FL 34990 Residential Market Report April 2016

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

 

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

 

There are currently 375 active listings (Decreased by 24 homes from March)

Palm City FL 34990 Residential Market Report April 2016

 175 Residential sales are pending and awaiting close or lender approval. (Decreased by 4 homes from last month)

Palm City FL 34990 Residential Market Report April 2016

84 Homes Sold in March (Increased by 4 sold homes from March)

Palm City FL 34990 Residential Market Report April 2016

The Palm City FL, zip code 34990, residential real estate market continues to be an active market with properly priced homes moving very quickly.  This activity will most likely continue through the summer season.
The monthly absorption rate decreased to to 4.7 months from 5 months in March.  Continuing as a sellers market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The April 2015 numbers were:  381 active listings, 217 pending sales and 73 closed sales.  Better closed volume for this year but pending sales were better last year.

Palm City FL 34990 Residential Market Report April 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 April 2016

Royal Oak Towers B-1 Leased

05.18.16 by

Royal Oak Towers B-1 Leased

Royal Oak Towerss in Stuart FL

The rental market in Stuart FL is competitive and this Royal Oak Towerss condo in Stuart FL was leased after 1 day of being made available on the MLS.  Leased for $1,300 a month.

Royal Oak Towerss in Stuart FL Royal Oak Towerss in Stuart FL

Ground floor unit near downtown. Walk to restaurants, the Lyric and shops. 2 bedroom, 2 bath over looking the fountain. Laminate wood floors in living room, tile in bedrooms. Kitchen has Corian counter, breakfast bar and pantry. Hurricane windows recently installed. Lots of natural light. Screened in patio. Back door opens to small grass area and walk way to pool. Unit has 1 covered parking spot. Only minutes to the beach.

Royal Oak Towerss in Stuart FL Royal Oak Towerss in Stuart FL

Royal Oak Towerss in Stuart FL Royal Oak Towerss in Stuart FL

Search for Royal Oak Towerss Condos for Sale

Search the Martin County MLS

More information about Stuart Florida Real Estate can be found on the Gabe Sanders BlueWater Realty team’s web site.

Condo in Downtown Stuart Just Listed

 

 

Stuart FL 34997 Condo Market Report April 2016

05.17.16 by

Stuart FL 34997 Condo Market Report April 2016

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

 

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

There are currently 71 active condo listings (Down by 4 condos from March).

Stuart FL 34997 Condo Market Report April 2016

39 Condo sales are pending and awaiting close or lender approval Up by 1 condos from March).

Stuart FL 34997 Condo Market Report April 2016

16 Condos Sold in April (Decreased by 5 condos from March).

Stuart FL 34997 Condo Market Report April 2016

     The Stuart FL condo market for zip code 34997 for April had fewer sales than the previous month while also continuing a reduction in inventory, while pending sales remained moderate.
     The one month absorption rate jumped to 4.4 months from 3.6 months for March.  Still a sellers market though drifting towards more of a balanced market. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The April 2015 numbers were: 43 active listings, 30 pending sales and 18 closed sales.  One of the few segments of the Martin County real estate market with a higher inventory this year as compared to last.  Consequently we should have better sales volume, but alas, it was stronger last year.

Stuart FL 34997 Condo Market Report April 2016

Search for Stuart Condos for Sale by Price:

Stuart Florida Real Estate presented by:
Gabe Sanders

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

 

 

Stuart FL 34997 Residential Market Report April 2016

05.16.16 by

Stuart FL 34997 Residential Market Report April 2016

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

 

There are currently 309 active listings (Increased by 1 homes from March).

Stuart FL 34997 Residential Market Report April 2016

219 Residential sales are pending and awaiting close or lender approval (Increased by 44 homes from March).

Stuart FL 34997 Residential Market Report April 2016

99 Homes Sold in April (Increased by 21 homes from March)

Stuart FL 34997 Residential Market Report April 2016

      The Stuart Florida Residential Market for ZIP Code 34997 continues as the largest and the most active segment of the Martin County single family real estate market.  Closed and pending sales had a second month of large improvements from last month as this segment of the Stuart residential real estate market remains very active and at a big advantage for sellers.
     The current one month absorption rate plunged to 3.1 months (was 3.9 months for March).  Even a stronger sellers market for the 34997 segment of the Stuart residential market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2015 numbers for April, were: 315 active listings, 223 pending listings and 98 closed sales.  Very similar activity to last year.
Stuart FL 34997 Residential Market Report April 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 April 2016

 

Listen to Your Realtor

05.16.16 by

Listen to Your Realtor

Realtor

In their quest to sell their homes for the best prices and under optimum conditions, people often hire a trained real estate professional to help them in their quest. And they may consider their Realtor as just that; a helper who will sell their home under their conditions, and under their specific dictates.

While your Realtor indeed has been hired to serve and assist you in what can be a challenging and even daunting process, you may want to slightly shift your perception of this trained real estate professional; thinking of he/she more as your informed partner as opposed to your employee.

When you think of it, the two of you together just may form the perfect and ideal home selling partnership. For while you have a great deal of inside information regarding your home and its many assets and amenities, your Realtor will have the knowledge and the experience to determine which of these assets qualify as verified selling points. And furthermore, they will know how to showcase these points to the very best effect.

You already know, of course, that you have a beautiful home. Yet your Realtor is likely to have a great deal of advice about how to sell this residence; and in a great variety of ways.

agent

1. Your Realtor has an endless and very helpful array of marketing tools right at their fingertips. They can photograph, videotape, compose written descriptions of and conduct physical face to face showings of your magnificent residence, and on websites and in newspapers, magazines and other publications that people consult for the specific purpose of shopping for a new home.

2. Your Realtor may have a more realistic view of your home than—well, than you do. Sorry! You may have the perception that your home is an ebullient showplace worthy of the top price on the market. Your real estate professional, on the other hand, can view your house through a substantially more objective lens; comparing its assets and drawbacks to those possessed by other houses currently on the market.

3. Your Realtor knows all of the rules and regulations involved in selling a home. Terms such as interest rates, mortgages, home inspections and closing costs may threaten to boggle your mind; yet with the help of a trained real estate professional, you can indeed navigate the waters of legal and efficiently conducted home sales.

So as you seek to market and sell your home, it is always important to listen to your Realtor!  And, if you are looking for a Realtor who knows the Treasure Coast of Florida, give me a call.