Hobe Sound FL 33455 Residential Market Report March 2015

Hobe Sound FL 33455 Residential Market Report March 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for March 2015

  For March 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 222 active listings. (Down by 28 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2015

120 Residential sales are pending and awaiting close  (Up by 22 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2015

52 Homes Sold in March (Up by 17 homes from last month)

Hobe Sound FL 33455 Residential Market Report March 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County showed some very strong activity for March.  Both pending and closed sales rose, though unfortunately the inventory dropped, possibly effecting future activity with fewer choices for buyers.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased slightly to 4.3 months (7.1 months in February).  Back into a strong seller’s market for the Hobe Sound area of Martin County.  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 2013 were:  298 active listings, 108 pending sales and 38 closed sales.   Much stronger activity this year.  Very impressive when the considerably lower inventory is factored in.

Hobe Sound FL 33455 Residential Market Report March 2015

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Hobe Sound FL 33455 Residential Market Report March 2015

Large Jensen Beach Home on Double Lot Price Reduced

Large Jensen Beach Home on Double Lot Price Reduced

This spacious home on a double lot with a 3 car garage and over 3,000 square feet of living area has been reduced to $364,000.

Spacious 4 BR Jensen Beach Home

Beautiful large Key West style home in Jensen Beach. Featuring  bedrooms and 2 full bathrooms in the main section of the home with a mother-in-law apartment located over the garage. This large space is approximately 28 x 32 ft. and could also be used as a game or theater room. This apartment has its own private bath and entrance with stairs and a patio. The spacious master bedroom has trey ceilings, a double walk-in closet, large bath with spa tub and a separate walk-in shower with dual rainfall shower heads, double sinks and double mirrors. The kitchen has granite counters with a breakfast bar. There’s also an additional family/game room with built in shelves. Wrap around porch, 3 car garage on a double lot, with lots of room for parking multiple boats and RVs.

Spacious 4 BR Jensen Beach Home Spacious 4 BR Jensen Beach Home

For additional pictures and information please click on this link.

Spacious 4 BR Jensen Beach Home Spacious 4 BR Jensen Beach Home

For any questions you may have about Spacious 4 BR Jensen Beach Home, please call the Gabe Sanders BlueWater real estate team at 772-323-6996 or Contact Us Here

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Large Jensen Beach Home on Double Lot Price Reduced

 

Jensen Beach FL 34957 Condo Market Report March 2015

Jensen Beach FL 34957 Condo Market Report March 2015

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for March 2015

 

For March 2015 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 30 active listings. (Decreased by 10 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2015

21 Condo sales are pending and awaiting settlement. (Increased by 7 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2015

5 Condos Sold (Decreased by 4 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2015

 The Jensen Beach FL 34957 Condo Market Report March 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.   The inventory remains low, while pending sales (a sign of future activity) improved and closed sales decreased.

The one month absorption rate for the March 2015, Jensen Beach Florida Market Report ZIP Code 34957 rose to 6 months (from 4.4 months in February), back into a balanced market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The March 2014 numbers were: 23 active listings, 18 pending sales and 16 condos closed.  Not as strong a month as we had in March of 2014.

Jensen Beach FL 34957 Condo Market Report March 2015

Jensen Beach Condominium Properties by Price


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Jensen Beach FL 34957 Condo Market Report March 2015

First-Time Florida Home Buyers Can Get $2K Per Year

First-Time Florida Home Buyers Can Get $2K Per Year

 A little-known state program that pays first-time homebuyers up to $2,000 a year has more than tripled its number of participants in a year.

Administrators expect an even higher surge of homebuyers applying this year as the real estate market strengthens.

The state-run Florida Housing Finance Corp. runs the program, which gives first-time homebuyers money back each year based on how much interest they pay on their mortgage.

Once approved, low- and moderate-income homeowners can claim up to half of mortgage interest they paid as a tax credit on their federal income tax return, said Cecka Rose Green, communications director of Florida Housing Finance. The credit is capped at $2,000 each year, she said.

“It’s a $2,000 reduction, dollar for dollar,” Green said. “It keeps money coming back to homeowners.”

The tax credit is good for 30 years or the life of the mortgage as part of the Florida Housing Mortgage Credit Certificate Program, Green said.

Any mortgage interest not counted to receive the credit can still be deducted on federal income tax return, according to Florida Housing Finance.

The program started in 2005, but it didn’t take off during the housing boom, when many Floridians couldn’t afford to buy, she said. Then the housing crash occurred and that scared off many potential homebuyers, she said. The program was restarted two years ago, and 157 homeowners got into it in the first year, she said.

Participation more than tripled in 2014, with 523 homeowners participating, including 51 in Broward and 24 in Palm Beach County, Green said.

It should be even more this year, she said. “Home price have stabilized – it’s now looking to be a great time to buy,” Green said.

Average 30-year fixed-rate mortgages averaged 3.66 percent this week, down from an average of 4.34 percent a year ago, according to the survey of Freddie Mac, the secondary lender.

But two years into the restarted program, many first-time buyers still don’t know about it, said Adam R. Cohn, branch manager of Standard Mortgage Co. of Boca Raton.sold

The program has another advantage beyond the yearly money back, Cohn said. “The beauty of the program is that homebuyers can use that income to qualify for a loan,” he said. “That helps buyers qualify for a higher mortgage.”

To qualify in Broward, income must be less than $82,800 a year for one to two people in a household or $96,377 for three or more. Homes must cost less than $337,500, or $412,500 in a targeted area.

In Palm Beach County, income must be less than $78,720 a year to qualify for one to two people in a household or $91,840 for three or more. Homes must cost less than $337,500, or $412,500 in a targeted area.

The Florida Housing Finance has a list of approved lenders who can take applications for the program at http://www.floridahousing.org.

Copyright © 2015 the Sun Sentinel (Fort Lauderdale, Fla.), Donna Gehrke-White. Distributed by Tribune Content Agency, LLC.

Jensen Beach FL 34957 Residential Market Report March 2015

Jensen Beach FL 34957 Residential Market Report March 2015

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for March 2015

 For March 2015 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 142 active listings. (Down by 4 homes from last month)

Jensen Beach FL 34957 Residential Market Report March 2015

85 Residential sales are pending and awaiting close or lender approval. (Up by 14 homes from February)

Jensen Beach FL 34957 Residential Market Report March 2015

29 Homes Sold (Increased by 2 homes from February)

Jensen Beach FL 34957 Residential Market Report March 2015

The Jensen Beach FL 34957 Residential Market continues to show good strong activity with a strong increase in pending sales for this month and a slight drop in closed sales.  The available inventory also took a slight decrease.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 4.9 months (was 5.6 months in February).  Still in a sellers market for Jensen Beach home sales.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The March 2013 numbers were: 124 active listings, 97 pending sales and 29 home sales closed.   Similar activity to last year.  Though, interestingly Jensen Beach is one of the few areas in Martin County with increased inventory for 2015 as compared to last year.
Jensen Beach FL 34957 Residential Market Report March 2015

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Jensen Beach FL 34957 Residential Market Report March 2015

Hutchinson House April 2015 Market Update

 Hutchinson House April 2015 Market Update

Hutchinson House Condos for Sale and Sold ReportAs of April 2015, there are 5 condos on the market in Hutchinson House on Hutchinson Island in Stuart FL.  Listing prices range from $284,900 to $339,000 with an average price of $317,500 which equals $223.28 per sq. ft. of living area.

There are no condos currently under contract in Hutchinson House.

11 condos have sold in the past 12 months in Hutchinson House.  Sales prices ranged from $194,000 to $399,900 for an average of $273,572 or $212.67 per sq. ft. of living area.  There were no distressed properties (short sales or bank owned) in any of the above Hutchinson House condo listings or sales. Hutchinson House Condos for Sale and Sold Report Hutchinson House Condos for Sale and Sold ReportLocated on Hutchinson Island in uncrowded and unspoiled Martin County, the Hutchinson House Condo complex is an ocean to Intracoastal complex with a variety of styles and views offering wonderful amenities that include ocean access docks, club house, pools, spa/jacuzzi, tennis and a private beach.

Hutchinson House Condos for Sale and Sold ReportHutchinson House consists of 121 Condos, with the Ocean Side being Hutchinson House East and the river side is called Hutchinson House West.  Both sides offer 2 and 3 bedroom condos with 2 or more bathrooms.  Many with spectacular views of the river and the crystal clear blue waters of the Atlantic Ocean.

Hutchinson House Condos for Sale and Sold ReportThe Hutchinson House condos are one of the few condo developments that is pet friendly and allows for up to 2 large pets.  For currently available Hutchinson House condos please call or view the search link below.

 

 

 

 

 

 

Palm City FL 34990 Condo Market Report March 2015

Palm City FL 34990 Condo Market Report March 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for March 2015

 

For March 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 48 active condo listings. (Down by 6 condos from February)

Palm City FL 34990 Condo Market Report March 2015

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

Palm City FL 34990 Condo Market Report March 2015

6 Condos Sold in March. (Up by 2 condos from February)

Palm City FL 34990 Condo Market Report March 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Both pending and closed sales were up for March while our inventory of available condos for sale continues to shrink.

The current absorption rate for condos in the 34990 zip code area declined to 8 months (was 13.5 months in August).   An improvement from last month, and approaching a balanced market.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The March 2013 numbers were: 57 active listings, 5 pending sales and 1 closed sales.   Considerably better activity for this year, even with the reduced inventory of available condos for sale.
 Palm City FL 34990 Condo Market Report March 2015

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Palm City FL 34990 Condo Market Report March 2015

Stuart FL Buyers Taking a Harder Look at Today’s Credit Score Models

 Stuart FL Buyers Taking a Harder Look at Today’s Credit Score Models

It may not be the first factor you look at when you begin planning to buy a Stuart FL house, but unless you are in the rare position of being able to make an all-cash purchase, sooner or later your credit score will become a prominent factor. That’s why this month’s get-together in Washington held some information that could ultimately become pretty important for both Martin County home buyers and sellers.

The meeting was held at the National Association of Realtors headquarters, with participants that included HUD Secretary Julian Castro, credit score industry representatives from FICO and Vantage Score, and other experts in research, government, and real estate. This might seem to be the kind of gathering (“Symposium,” in this case) that is usually more productive of eyes glazing over than much else, but for Martin County home buyers and sellers, this one was different.

credit reportThe subject was “Credit Access”—how companies determine the credit scores that guide lenders’ decisions on who will and won’t be offered home loans. The consensus was (and is) that current credit score formulas could stand some improvement. Secretary Castro’s Keynote set the table. He said that there is a recognized need to find new ways to construct credit scores that are more sensitive to “getting at” the bottom line responsibility potential borrowers have shown in their lives; credit scores that will predict how they will pay down their mortgages. “There’s been a disconnect there,” he said.

Given that this is the single reason that credit scores exist at all, that seems like quite a statement to make, particularly with the credit scoring companies right there in the room. No eye-glazing going on, I suspect.

Now it’s true that FICO and Vantage Score have already been fine-tuning some of their credit scoremethods. Local buyers may have already have seen their Stuart FL credit scores improving when non-recurring problems (like tardy medical bill payments) were de-emphasized. But on a wider scale, there was considerable discussion about the need to adapt to lifestyle shifts that are taking place. The way Americans live their lives—particularly the way they use technology—has changed, and will continue changing. Blanket shifts in lifestyles make some behaviors different predictive value than they used to have: for instance, many millennial and minority consumers “don’t use credit in the same way households did in the past.”

A representative from Moody’s Analytics pointed out that most conventional loans are currently made to borrowers with credit scores about 740—which is 20 points higher than was the case during the housing boom. In today’s tougher economy, that makes it likely that some Stuart FL buyer’s credit scores would benefit if HUD is able to follow through on its efforts “to improve credit access to Americans” without adding to lender risk.

It’s in everyone’s interest that credit ratings be accurate predictors of repayment patterns. With interest rates continuing to be at bargain basement levels, it couldn’t be more important, because it also continues to be a fantastic time to be in Martin County’s real estate market—and to give me a call!

 

 

Palm City FL 34990 Residential Market Report March 2015

Palm City FL 34990 Residential Market Report March 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for March 2015

 

For March 2015 in the 34990 Zip Code area of Palm City Florida :


There are currently 435 active listings (Decreased by 15 homes from February)

Palm City FL 34990 Residential Market Report March 2015

  188 Residential sales are pending and awaiting close or lender approval. (Increased by 24 homes from last month)

Palm City FL 34990 Residential Market Report March 2015

68 Homes Sold in February (Increased by 13 sold homes from February)

Palm City FL 34990 Residential Market Report March 2015

The Palm City FL 34990 residential real estate rebounded for March with some strong gains in both pending and closed sales.  Unfortunately, a decrease in inventory bringing us below last years levels.
 The current absorption rate dropped to 6.4 months from 8.2 months in February. Back into a balanced buyer’s market for Palm City residential real estate market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The March 2013 numbers were:  440 active listings, 169 pending sales and 48 closed sales.  Considerably stronger activity for 2015 than as compared to last year, which started out fairly slow after a very heated 2013.

Palm City FL 34990 Residential Market Report March 2015

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Palm City FL 34990 Residential Market Report March 2015

New Wrinkles for Self-Employed Persons Getting a Loan

 

 

 

  New Wrinkles for Self-Employed Persons Getting a Loan

You don’t have to tell anyone who is self-employed that there are extra costs that go with the benefits. In addition to the long hours and weight of responsibility that come with the job description, getting a home loan has always added special challenges. Now that we are into the new Dodd-Frank era of federal oversight, some of the changes warrant an early heads-up.

self employedThe 2010 legislation that went into effect on January 10 created the Consumer Financial Protection Bureau, with the function of tightening the rules lenders follow in order to discourage the issuing of mortgages that borrowers can’t be reasonably expected to be able to repay. To deliver on that worthy purpose, more proof and more paperwork will be required to support the income claimed on loan applications (here you might well be hearing an imaginary smacking sound from self-employed persons reading this and whacking their foreheads—paperwork is the bane of the self-employed).

If you are your own boss and getting a loan in Florida’s Treasure Coast is on your horizon, take heart! Just because it may be more difficult to apply for home loan doesn’t mean it’s impossible.

The new lending rules describe eight specific factors lenders should verify and document before advancing home loans. They includes the borrower’s assets, credit history, employment status and other debt obligations. The penalty for lenders who fail to do so adequately is that they may be legally liable if a borrower proves unable to repay.self employed

For the self-employed, the extra burden can come with the requirement that borrowers be able to show consistent income (hear that forehead-smacking sound again?) The general rule is that borrowers be able to provide at least two years’ worth of personal tax returns. Since self-employed people getting a loan in Florida’s Treasure Coast often have perfectly valid reasons for fluctuating annual incomes, it’s vital to talk with a broker and lender as early as possible to establish the taxable income level needed to qualify for a loan.

That talk should cover other areas. For instance, self-employed people have greater flexibility than most when it comes to reporting deductible expenses on their income tax forms. Since those same deductions result in lower net incomes, that can be problematical when it comes to getting a loan. One way to counter that problem is to demonstrate that the expenses incurred were used to buy things that will improve their business in the long term. Another approach is demonstrate that similar expenses are not likely to re-occur (particularly apt when a business is just starting up).

If you are among the self-employed—and plan on getting a loan—planning is key. Get your ducks in a row now so the loan process doesn’t derail you later. It’s never too early to call me as an early resource before we get to move on to the fun stuff—your Florida’s Treasure Coast home search!

 

 

 

 

 

 

 

 

 

 

 

 

Stuart FL 34997 Condo Market Report March 2015

Stuart FL 34997 Condo Market Report March 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

For March 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 43 active condo listings (Down by 1 condo from February).

Stuart FL 34997 Condo Market Report March 2015

31 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from February).

Stuart FL 34997 Condo Market Report March 2015

15 Condos Sold in March (Increased by 2 condos from February).

Stuart FL 34997 Condo Market Report March 2015

The Stuart FL condo market for zip code 34997 is showing very strong sales activity.  Unfortunately the available inventory of condos for sale is now very low and will impact future sales.  For this month, both closed and pending sales activity increased.
The one month absorption rate is now a very striking 2.9 months after last months amazing 3.4 month rate.  Continuing as an extreme seller’s 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 March 2013 numbers were: 90 active listings, 45 pending sales and 10 closed sales.   Strong activity as compared to last year, but with less than half of the available inventory of condos for sale in this zip code.

Stuart FL 34997 Condo Market Report March 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

 

Stuart FL 34997 Condo Market Report March 2015

Stuart FL 34997 Condo Market Report March 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

For March 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 43 active condo listings (Down by 1 condo from February).

Stuart FL 34997 Condo Market Report March 2015

31 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from February).

Stuart FL 34997 Condo Market Report March 2015

15 Condos Sold in March (Increased by 2 condos from February).

Stuart FL 34997 Condo Market Report March 2015

The Stuart FL condo market for zip code 34997 is showing very strong sales activity.  Unfortunately the available inventory of condos for sale is now very low and will impact future sales.  For this month, both closed and pending sales activity increased.
The one month absorption rate is now a very striking 2.9 months after last months amazing 3.4 month rate.  Continuing as an extreme seller’s 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 March 2013 numbers were: 90 active listings, 45 pending sales and 10 closed sales.   Strong activity as compared to last year, but with less than half of the available inventory of condos for sale in this zip code.

Stuart FL 34997 Condo Market Report March 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2015

 

 

2015 Stuart FL Home Design Ideas Focus on Kitchen Updates

2015 Stuart FL Home Design Ideas Focus on Kitchen Updates

Keeping your Stuart FL kitchen looking up-to-date doesn’t have to be difficult or expensive. Contemporary home design in Stuart FL is all about knowing what the latest trends are and which to choose when regular maintenance calls for a change in appliances or décor.

This year, eco-friendly appliances are definitely ‘in’—as are the pops of bright color meant to create a vivid and welcoming kitchen. And as convenience features continue to evolve, those are increasingly prominent factors influencing design choices. Especially if you are planning to sell your Stuart FL home in the near future, there are a few home design directions that are most likely to impress prospective buyers who’ve been exploring the latest kitchen trends:

GoUpdated Stuart Kitchening green is a pronounced trend, not just in home design. Using renewable, Earth-friendly materials can be a way to update a kitchen while minimizing environmental impact. A sample idea would be a sustainable bamboo parquet butcher block to grace the kitchen counter or table. They come in beautiful, rich wood tones, and when large enough to cover a substantial counter area, can warm the feel of the entire room.

Another (almost diametrically opposed) current direction is to deck the kitchen out with a few of the latest high-tech gadgets. Even if you resist an ultra-modern look, a few chic techie touches can add a dash of luxury to your home. One example: Siemens makes a multimedia ventilation hood that has a 17-inch LCD screen with options for listening to music or watching TV. It’s a creative way to make cooking more entertaining—and one that would certainly help make your Stuart FL listing stand out!Updated Stuart Kitchen

Bright colors have not always been popular in kitchens, but lately, appliance manufacturers have been less shy about offering exuberant finishes. You can find dishwashers, blenders, toasters, microwaves and refrigerators in bright blues, pinks, yellows, greens and oranges. It can be an inexpensive way to add a splash of color to your kitchen…although if you are planning on selling soon, in many instances I’d recommend caution: perhaps confining the color pops to bright accent pillows or colorful floral arrangements.

Copper is also an increasingly popular trend in kitchen design this year. Its natural antibacterial properties make it a practical home design element, and that cool, rustic hue looks great in warm, gold-toned kitchens. Copper sinks and faucets are both practical and stylish (although keeping them bright and shiny can be another story!).

If you are thinking of selling soon, consider incorporating one or two current Stuart FL home design ideas if your kitchen could use a decor infusion. Looking for more ideas? Contact me today to discuss what is making today’s homes S-E-L-L!

2015 Stuart FL Home Design Ideas Focus on Kitchen Updates

Stuart FL 34997 Residential Market Report March 2015

Stuart FL 34997 Residential Market Report March 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for March 2015

 

There are currently 351 active listings (Decreased by 21 homes from February).

Stuart FL 34997 Residential Market Report March 2015

211 Residential sales are pending and awaiting close or lender approval (Increased by 9 homes from February).

Stuart FL 34997 Residential Market Report March 2015

87 Homes Sold in March (Increased by 15 homes from February)

Stuart FL 34997 Residential Market Report March 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market.  The inventory gain we had in February has now been erased for March.  Solid increases in both pending and closed sales.
     The current one month absorption rate increased to 4  months (was 5.2 months for February).  A very strong seller’s 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 2013 numbers for March, were: 416 active listings, 192 pending listings and 98 closed sales.  Considering the reduced inventory from last year, better activity for 2015.
Stuart FL 34997 Residential Market Report March 2015

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

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Stuart FL 34997 Residential Market Report March 2015

 

Spacious North Stuart Townhouse Under Contract

Spacious North Stuart Townhouse Under Contract

Spacious North Stuart Townhouse Under Contract

This north Stuart townhouse in Garden villas, is now back under contract and should close quickly.  Thank you to all the agents that showed it and  for those folks on the Internet that asked about this townhouse.  The last list price was $113,900.

Spacious North Stuart Townhouse Under Contract Spacious North Stuart Townhouse Under Contract

Conveniently located in North River Shores area. Beautiful townhouse with stainless steel appliances, tile, large private courtyard for Florida outdoor living, fountain in courtyard, large living room with sliders for bright open airy feeling, skylight in stair area, both bedrooms have a balcony. Unit located in the back with a woodsy view. Large walk-in closet in master bedroom. Accordion storm shutters on all windows. Close to mall, restaurants, entertainment and downtown. Minutes from the beach. Low HOA fee in a pet friendly development. Florida living at its best!

Spacious North Stuart Townhouse Under Contract Spacious North Stuart Townhouse Under Contract

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Stuart Florida real estate from the Gabe Sanders BlueWater Realty Team.  Our specialty is finding fine homes, Townhouses and vacant land for our preferred customers.

Spacious North Stuart Townhouse Under Contract

 

Stuart FL 34996 Condo Market Report March 2015

Stuart FL 34996 Condo Market Report March 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for March 2015

For March 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 110 active condo listings (Down by 12 condos from last month).

Stuart FL 34996 Condo Market Report March 2015

61 Condo sales are pending and awaiting close or lender approval (Increased by 1 condos from February).

Stuart FL 34996 Condo Market Report March 2015

36 Condos Sold in March (Increased by 11 condos from February) 

Stuart FL 34996 Condo Market Report March 2015

The Stuart FL 34996 Condo Market was very strong for March.  This is the height of our condo season for those purchasing second home getaways from the cold and snowy conditions up north as well as those moving here permanently for a more relaxed and convenient Florida lifestyle.  Sales and pending sales both increased and remained strong.  Unfortunately our inventory is down to historically low levels.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 3.1 months from February’s 4.9 months .  Moving to a pretty extreme sellers’ market for March.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for March 2013 were: 150 active listings, 55 pending sales and 34 closed sales.  Even with close to 30% less inventory, there was better sales and pending activity for this year as opposed to March 2014.

Stuart FL 34996 Condo Market Report March 2015

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Stuart FL 34996 Condo Market Report March 2015

Jensen Park Estates Home Under Contract

Jensen Park Estates Home Under Contract

This Jensen Park Estates home located at 505 NE Vanda Terrado has been placed under contract by the BlueWater realty team.  Very excited buyers who are coming to town from overseas deployment in the military.  The list price of this home is $289,000

Jensen Park Estates home

This beautiful 4/2 CBS home is located in the heart of Jensen Beach. There are high ceilings and crown molding throughout. Granite counters and all new stainless appliances. The master bedroom is very spacious with plenty of closet room and an amazing bathroom complete with walk in shower and spa tub. House is in move in condition and absolutely spotless.  Custom built bar not included but may be purchased separately. This is a must see!

Jensen Park Estates home Jensen Park Estates home

Jensen Park Estates is a non-gated community located just west of Savannah Rd in the heart of Jensen Beach.  There are 381 home sites in this community, most of which have been built upon.  Homes were built from 1980 to the latest one which was completed in 2010.

Jensen Park Estates home Jensen Park Estates home

There’s a wide range of sizes and shapes of homes ranging from 6 bedroom homes with over 3,100 sq. ft. of living area down to more modest 2 bedroom, 2 bathroom homes with just under 1,100 sq. ft.  There are both frame and concrete block construction as well as homes with and without private pools.  Some homes have large lots of over ½ acre while others are fairly modest lots with just over .12 acres.  Homeowner fees are a very reasonable $150 per year.  Neighborhood children attend the Jensen beach Elementary School which is just a little over ½ mile away, Stuart Middle School and the Jensen Beach High School.  Very close to shopping areas of US-1 as well as close to the Intracoastal (the Indian River) with its boat ramps, public beaches on Hutchinson Island, Indian Riverside park, and much more.  Jensen Park Estates is an excellent option for both families and retirees looking for affordable homes in the heart of Jensen Beach.

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For any questions you may have about Jensen Beach real estate, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Jensen Park Estates Home Under Contract

Stuart FL 34996 Residential Market Report March 2015

Stuart FL 34996 Residential Market Report March 2015

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for March 2015

 

For March 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 166 active listings (Up by 8 homes from February).

Stuart FL 34996 Residential Market Report March 2015

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

Stuart FL 34996 Residential Market Report March 2015

21 Homes Sold in March (Increased by 9 homes from February).

Stuart FL 34996 Residential Market Report March 2015

The 34996 zip code area of the Stuart Florida residential real estate market continues to show improvement from a fairly anemic beginning of the year for 2015, though there’s still more room for improvement.   Increase closed sales as well as inventory, along with a small decrease in pending sales for March.

The one month absorption rate for the 34996 zip code area of Stuart Florida for March decreased to 7.9 months as compared to February’s 13.2 months.  Still a buyers’ market, though the trend is towards a balanced market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for March of 2013 were: 162 active listings, 47 pending sales and 15 closed sales.  We experienced more  closed sales  this year, but the pending (future) sales activity was better last year.

Stuart FL 34996 Residential Market Report March 2015

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

Stuart Florida Real Estate presented by:

the Gabe Sanders real estate team

Stuart FL 34996 Residential Market Report March 2015

Is Buying New the Best Choice for Your Stuart FL Home?

Is Buying New the Best Choice for Your Stuart FL Home?

When it comes to buying a home in Martin County FL, almost the first thing most of us do is to check the online listings to see what’s out there that catches our eye. That quick first look will usually reflect some preferences most of us don’t even bother to think about (that is, until we’re buying a home).

home buying

Sometimes they stem from our earliest childhood memories—the impressions that shape what ‘home’ should look like. Sometimes, those preferences have developed over time as an expression of our personal style. One preference can be a real trouble-maker if a couple discovers that their outlooks don’t match. It’s the one about which kind of home is more appealing: a brand new one (actually, the National Association of Home Builders defines a “new” home as one less than four years old) or an older, established home.

People who automatically tilt toward new homes can be following straightforward reasoning that goes without question. They don’t shop for used clothing; they know when they need another automobile they’re only interested in the newest model—so why in the world would they be drawn to a home that’s a hand-me-down?

People on the other side of the preference divide find new constructions lacking in the warmth and history an older home embodies. Out in the yard, they see fresh cement walkways and new plantings as pale imitations of the majesty of the grand, mature landscaping found in well-established neighborhoods.

However, I’ve often found that when my clients are buying a home in Martin County FL, their new vs. established home leaning will sometimes disappear in the face of some immediate practical advantages. A few points:

More than 70% of single-family homes were built prior to 1990, according to Realty Trac. The result is more than twice the variety from which to choose.

Older, established properties are synonymous with close-knit communities where residents know one another and their children. And often, in some locations, the older neighborhoods are in the most desirable locations.  Buying a home in such a neighborhood can mean great support, community and location.

New developments can create a fresh gathering spot for families who are all starting out together. The opportunity to build new institutions shaped to modern preferences can mean the establishment of a host of lasting friendships, in some cases bolstered by shared community recreational facilities.

Older homes can have larger lot sizes owing to lower land prices in the past. Then there are those shade trees that have been growing for generations…

Most new homes have been designed to accommodate our modern addiction to acquiring stuff. If a walk-in closet in a must, an older home is less likely to fill the bill.

Older homes are generally more expensive to maintain. According to the American Housing Survey, 26% of owners of older homes spent more than $100 a month on upkeep—while just 11% of the owners of new homes spent as much. In fact, 73% of the new home owners spend less than $25 a month for maintenance.

Ultimately the decision to buy an old or new home will come down to a combination of personal taste (“I don’t care: I love this home!”) and/or requirements (“I can’t live without _________”).

The takeaway: if you are planning on buying a Stuart home, don’t automatically eliminate all the new ones or all the older ones. Give me a call: let’s take a look!

Is Buying New the Best Choice for Your Stuart FL Home?

Stuart FL 34994 Condo Market Report March 2015

Stuart FL 34994 Condo Market Report March 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for March 2015

For March 2015 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 95 active condo listings (Same number of condos from February).

Stuart FL 34994 Condo Market Report March 2015

46 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from last month) 

Stuart FL 34994 Condo Market Report March 2015

19 Condos Sold in March (Up by 7 condos from February).

Stuart FL 34994 Condo Market Report March 2015

The Stuart FL 34994 Condo market showed strong activity for March 2015.  The inventory remained stable while pending sales also remained similar, though very strong.  Closed sales were up.

The one month absorption rate decreased to 5 months compared to last month’s 7.9.  Back into a seller’s market.  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 March the numbers were 111 active listings, 55 pending sales, and 13 closed sales.  Considerably less inventory for this year compared to 2014, but closed sales are greater this year, while pending sales are lower.

Stuart FL 34994 Condo Market Report March 2015

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

Stuart Florida Market Report ZIP Code 34994 – Condo, March 2015