November 2014 Monthly Market Detail Florida Single Family Homes

12.24.14 by

November 2014 Monthly Market Detail Florida Single Family Homes

The November 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed continued improvement for the single family real estate market as compared to last November (2013).  Closed sales were up by 10.7% (was up by 17.8% in October) and new sales under contract (new pending sales) increased by 6.1% (was up by 4.7% in October).

Both median and average sales prices continue to rise ( November 2013 to November 2014) by 3.5% and 3.3% respectively, compared to October’s 4.6% and 6.1%.   We’ve appeared to slow down in the rate of appreciation in the past few months.  This is a good sign as prices will not be forcing as many buyers out of the market.  Historically a 3 to 4% yearly appreciation is very normal for real estate.

The inventory of available homes for sale rose by 2.3% from last year.  This is now a full 14 months of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  This increase in inventory makes for greater choices and more price competition among sellers. With only a 5.3 months supply of inventory, this is a healthy market with a slight edge to sellers. (November of 2013 had a 5.6 month supply)

November 2014 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:
November 2014 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.

November 2014 Monthly Market Detail Florida Single Family Homes

Port St Lucie Pool Home Under $150K

12.24.14 by

Port St Lucie Pool Home Under $150K

 Great opportunity to enjoy a Port St. Lucie Pool home on a quiet cul-de-sac location that is close to schools, shopping and the beaches.  Now available for only $149,000.  Please call us to schedule an appointment.

Well maintained home with convenient location. Newer windows and both baths remodeled. Kitchen has newer cabinets and pass through window to pool. Tile is set on a diagonal and brick pavers leading up to the front door. The yard is fenced. Cute house on the cul-de-sac that backs up to the preserve for lots of privacy.

Port St Lucie Pool Home Under $150K

Port St Lucie Pool Home Under $150K

Port St. Lucie has been ranked as one of the cleanest, safest and fastest-growing cities in the United States . With that in mind, traditional neighborhoods are a popular choice in Port St. Lucie real estate. Ideal for growing families, traditional neighborhoods are made up of single-family homes—free-standing structures that share no walls with other homes. Port St. Lucie’s neighborhoods are conveniently located, with a large selection of restaurants, schools, banking, healthcare services, shopping and entertainment opportunities nearby.

Port St Lucie Pool Home Under $150K

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Port St Lucie Pool Home Under $150K

Hobe Sound FL 33455 Condo Market Report November 2014

12.23.14 by

Hobe Sound FL 33455 Condo Market Report November 2014

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for November 2014

 

For November 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 9 active condo listings. (Down by 10 condo from October)

Hobe Sound FL 33455 Condo Market Report November 2014

4 Condo sale is pending and awaiting close. (Down by 1 condo from October)

 Hobe Sound FL 33455 Condo Market Report November 2014

4 Condos sold in October (Increased by 3 condos from October)

Hobe Sound FL 33455 Condo Market Report November 2014

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory is now down to single digits  I haven’t seen this ever before for the Hobe Sound condo market.  Closed sales increased from last month and pending sales dropped slightly.  With the inventory so low, I don’t expect to see much activity until available condos for sale come on the market.

The current absorption rate is 2.3 months (Last month it was 15 months). The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that November not indicate 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 November 2013 numbers were: 21 active listings, 3 pending sales and 2 closed sales.  Much better activity for this year.  With less than half the inventory, market activity is still double from last year’s values.

Hobe Sound FL 33455 Condo Market Report November 2014

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Hobe Sound FL 33455 Condo Market Report November 2014

 

Pendarvis Court Waterfront Pool Home Palm City Sold

12.23.14 by

Pendarvis Court Waterfront Pool Home Palm City Sold

Sheila Everhart of the Gabe Sanders BlueWater Realty Team has brought the buyer for this Palm City Waterfront pool home. The sales price was $565,000.

Palm City Waterfront Home Pending

This beautiful home is nestled in a small 7 home waterfront community. Features include genuine wood plank floors, ceramic tile, two stone fireplaces, vaulted and tray ceilings, with pocket sliding doors that give clear unobstructed vistas of the pool, dock, and canal. There’s a separate living room with 3 bay windows, a large family room beside the kitchen with a fireplace that opens to the pool and waterfront. The spacious kitchen has granite counters and ample cabinets with a pass thru to the pool area. A real dream kitchen. The floor plan for this home has great flow for wonderful entertainment areas. A true boater’s paradise on a protected canal with over 185ft of seawall and a 42ft dock with electric and water as well as a 9000lb lift. A wonderful home in Palm City FL.

Palm City Waterfront Home Pending

Palm City Waterfront Home Pending

Palm City Waterfront Home Pending

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Pendarvis Court Waterfront Pool Home Palm City Sold

Hobe Sound FL 33455 Residential Market Report November 2014

12.22.14 by

Hobe Sound FL 33455 Residential Market Report November 2014

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for November 2014

  For November 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 243 active listings. (Down by 7 homes from October)

Hobe Sound FL 33455 Residential Market Report November 2014

 

71 Residential sales are pending and awaiting close  (Increased by 16 homes from October)

Hobe Sound FL 33455 Residential Market Report November 2014

20 Homes Sold in November (Down by 28 homes from last month)

Hobe Sound FL 33455 Residential Market Report November 2014

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County is in quite a roller coaster ride these past few months.  A fairly weak closed month for September, a strong October and now back to a weak month for November.  Inventory decreased slightly and there was a nice rise in pending sales.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 12.2 months (4.3 months in October).  Back into a buyers market for Hobe Sound.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for November 2013 were:  277 active listings, 75 pending sales and 37 closed sales.   The Hobe Sound real estate market if one of the few areas with reduced inventory from last year.  Though overall activity was slower this month as compared to November of 2013.

Hobe Sound FL 33455 Residential Market Report November 2014

 

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Hobe Sound FL 33455 Residential Market Report November 2014

Sandpebble Condo Back on the Market

12.22.14 by

Sandpebble Condo Back on the Market

4490 NE Sandpebble Trace, Suite 8-301 on Hutchinson Island FL is back on the market for $250,000. Buyers personal issues caused a default and opens up this opportunity for others. This Sandpebble condo is located on the Intracoastal side of the Sandpebble Condo complex on South Hutchinson Island in Stuart, FL.

 Sandpebble Condo Back on the Market

Gorgeous views from this 3rd floor end unit condo in Sandpebble, overlooking the pool, docks, plus, with mile wide river views.  An immaculate 2 BR, 2 BA condo that has been well maintained.  Upgrades include Corian counter-tops in kitchen, large dual sink, stove and microwave. Plantation shutters in the dining area, carpets that are 3 years new.  Both bathrooms updated, new vanities, new shower stall with designer details. Custom built storage in living area.  Accordion shutters for easy access and security.

Sandpebble Condo Back on the Market

Sandpebble Condo Back on the Market


On the beautiful and unspoiled portion of South Hutchinson Island lies one of the best kept secrets in Martin County.  Located on a pristine 37 acres that reaches from the Atlantic Ocean to the Indian River (Intracoastal Waterway).

Sandpebble Condos consist of 3 Ocean Front Buildings and 7 River Front buildings.  A total of 5 heated pools (3 river side and 2 ocean side), along with deep water docks for 66 vessels.    Docks are available to residents only on a first come first served basis and are available for lease at a very reasonable $1.50 per foot per month.

Sandpebble Condo Back on the Market


On the spacious grounds there is plenty of green space for outdoor activities, two hard court tennis courts and a fully equipped club house with kitchen and on-site management.  Both Oceanside and riverside sections are gated for secured entry only.  Residents have the use of both the river and Oceanside sections regardless of the location of their own units.

Sandpebble Condo Back on the Market

 

Construction of the Sandpebble complex began in 1982 and just recently all buildings were completely refurbished with metal roofs, Hardi-Plank replacement for exterior wood surfaces, complete concrete (re-bar) restoration, the installation of a bulkhead protecting and enhancing the river-side property and structures, updated landscaping and the painting of all the buildings.

For additional information and availability of Sandpebble Condominiums and other attractive Oceanfront Homes, Condos or Vacant Land, contact Gabe Sanders.

Sandpebble Video Overview

 

 

Sandpebble Condo Back on the Market

Jensen Beach FL 34957 Condo Market Report November 2014

12.21.14 by

Jensen Beach FL 34957 Condo Market Report November 2014

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for November 2014

 

For November 2014 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 38 active listings. (Up by 5 condos from October)

Jensen Beach FL 34957 Condo Market Report November 2014

15 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from October)

Jensen Beach FL 34957 Condo Market Report November 2014

4 Condos Sold (Up by 1 condo from October)

Jensen Beach FL 34957 Condo Market Report November 2014

 The Jensen Beach FL 34957 Condo Market Report November 2014 remains a small sector as far as condos in Martin County.  This month saw some nice small gains in every measured activity for the Jensen beach condo market.

The one month absorption rate for the November 2014, Jensen Beach Florida Market Report ZIP Code 34957 declined to 9.5 months (11 months in October), still a sellers market after a couple of weak summer months.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The November 2013 numbers were: 38 active listings, 16 pending sales and 2 condos closed.  With the exception of double the closed sales for 2014, identical activity to last year.

Jensen Beach FL 34957 Condo Market Report November 2014

 

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Jensen Beach FL 34957 Condo Market Report November 2014

Jensen Beach FL 34957 Residential Market Report November 2014

12.20.14 by

Jensen Beach FL 34957 Residential Market Report November 2014

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for November 2014

 

 For November 2014 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 134 active listings. (Up by 9 homes from last month)

Jensen Beach FL 34957 Residential Market Report November 2014

 

55 Residential sales are pending and awaiting close or lender approval. (Down by 7 homes from October)

Jensen Beach FL 34957 Residential Market Report November 2014

 

24 Homes Sold (Increased by 2 homes from October)

Jensen Beach FL 34957 Residential Market Report November 2014

 

The Jensen Beach FL 34957 Residential Market Report showed similar activity to last month.  The inventory rose for the second month in a row, while pending sales were off by 7 homes.  Closed sales were up slightly
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 5.6 months (was 5.7 months in October).  Still 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 November 2013 numbers were: 135 active listings, 60 pending sales and 32 home sales closed.  2013 was a more active market for the Jensen Beach residential segment. 
 
Jensen Beach FL 34957 Residential Market Report November 2014 
 

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Jensen Beach FL 34957 Residential Market Report November 2014

Palm City FL 34990 Condo Market Report November 2014

12.19.14 by

Palm City FL 34990 Condo Market Report November 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2014

 

For November 2014 in the 34990 Zip Code area of Palm City, Florida :



There are currently 61 active condo listings. (Up by 3 condos from October)

Palm City FL 34990 Condo Market Report November 2014

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

Palm City FL 34990 Condo Market Report November 2014

2 Condos Sold in November. (Down by 1 condo from October)

Palm City FL 34990 Condo Market Report November 2014 

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Continued activity, but not anything to write home about.  Slight increase in inventory and pending sales for this month with a small drop in closed sales.

The current absorption rate for condos in the 34990 zip code area is 30 months (was 19.3 months in August).   A good time to buy if one is interested in this area.  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 November 2013 numbers were: 67 active listings, 6 pending sales and 1 closed sales.   Better market activity for this year. 
 Palm City FL 34990 Condo Market Report November 2014
 

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Palm City FL 34990 Condo Market Report November 2014

Palm City FL 34990 Residential Market Report November 2014

12.18.14 by

Palm City FL 34990 Residential Market Report November 2014

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for November 2014

 

For October 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 433 active listings (Decreased by 22 homes from October)

Palm City FL 34990 Residential Market Report November 2014

 

 124 Residential sales are pending and awaiting close or lender approval. (Increased by 2 homes from last month)

Palm City FL 34990 Residential Market Report November 2014

 

56 Homes Sold in October (Down by 2 homes from October)

Palm City FL 34990 Residential Market Report November 2014

 

The Palm City FL 34990 residential real estate market showed very little change from last month.  The inventory dropped by 22 homes while pending and closed sales changed very little. Fairly weak activity for Palm City these last two months after a strong spring and summer.
 
 The current absorption rate decreased to 7.7 months from 7.8 months in October, keeping the Palm City residential real estate market in a buyers market for the second month after a long period of being in a sellers market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The November 2013 numbers were:  415 active listings, 149 pending sales and 52 closed sales.  The Palm City market continues to average higher inventory levels as compared to recent years (and last year) while maintaining steady activity.

Palm City FL 34990 Residential Market Report November 2014

 

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Palm City FL 34990 Residential Market Report November 2014

Villa del Sol Condo Sold

12.18.14 by

 Villa del Sol Condo Sold

11000 S Ocean Drive,  Unit: 6-D on Hutchinson Island in Jensen Beach has been sold by the Gabe Sanders BlueWater team for $162,000 Villa del Sol Condo Sold

Live the Hutchinson Island lifestyle at an affordable price.   Beachfront community offers coastal living with easy access to downtown amenities. Lovely beach house feel with private master suite with a walk in closet and private balcony. Featuring an updated tiled kitchen including a full pantry. Plenty of light from the screened balcony overlooking the sparking pool from the living room. Convenient laundry room, Guest Bedroom/Bath and storage add up to incredible value!

Villa del Sol Condo Sold

 

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Villa del Sol Condo Sold



Stuart FL 34997 Condo Market Report November 2014

12.17.14 by

Stuart FL 34997 Condo Market Report November 2014

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2014

 

For November 2014 in the 34997 Zip Code area of Stuart, Florida :

There are currently 51 active condo listings (Down by 7 condos from October).

Stuart FL 34997 Condo Market Report November 2014

25 Condo sales are pending and awaiting close or lender approval (Increased by 5 condos from October).

Stuart FL 34997 Condo Market Report November 2014

10 Condos Sold in November (Decreased by 11 condos from October).

Stuart FL 34997 Condo Market Report November 2014

The Stuart FL condo market for zip code 34997 showed some mixed signals for November of 2014.  Closed sales plunged after a very good month in October, while there was a nice increase in pending sales.The inventory continued to decline.
 
The one month absorption rate rose to 5.1 months after last months amazing 2.8.  Still a sellers 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 November 2013 numbers were: 91 active listings, 12 pending sales and 6 closed sales.  With almost 50% lower inventory, this market continues to outperform that of 2013.

Stuart FL 34997 Condo Market Report November 2014

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2014

 

 

Stuart FL 34997 Residential Market Report November 2014

12.16.14 by

Stuart FL 34997 Residential Market Report November 2014

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2014

 

There are currently 346 active listings (Decreased by 22 homes from October).

Stuart FL 34997 Residential Market Report November 2014

174 Residential sales are pending and awaiting close or lender approval (Increased by 30 homes from October).

Stuart FL 34997 Residential Market Report November 2014

56 Homes Sold in November (Decreased by 25 homes from October)

Stuart FL 34997 Residential Market Report November 2014

      The Stuart Florida Residential Market for ZIP Code 34997 is our largest and typically most active segment for the Stuart residential real estate market.  It is the only zip code in Stuart to show a decrease in inventory for November.  There was also a sizable decrease in closed sales.  Pending sales, however, saw a big rise which indicates to me that there will be good closed activity in the coming months.
 
     The current one month absorption rate increased to 6.2  months (was 4.5 months for October).  Back into 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 2013 numbers for November, were: 396 active listings, 143 pending listings and 71 closed sales.  Better closed activity last  year, though pending sales are considerably improved fromlast year while the inventory is significantly lower.
Stuart FL 34997 Residential Market Report November 2014 
 
 

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Stuart FL 34997 Residential Market Report November 2014

Willoughby Golf Club Stuart December 2014 Market Update

12.15.14 by

Willoughby Golf Club Stuart December 2014 Market Update

There are currently 14 homes on the market in the Willoughby Golf Club, ranging in price from $295,000 to $825,000.  The average price is $459,550 which equates to a price per sq. ft. of living area is $162.61.  There are no distressed sales in these listings (short sales or foreclosures).

No homes are currently under contract and awaiting close in the Willoughby Golf Club.

In the past 12 months, 32 homes have sold in the Willoughby Golf Club.  Sales prices ranged from $150,000 to $620,000 for an average sales price of $410,112 which equals $135.72 per sq. ft. of living area.  Sales prices averaged 93% of list prices.  There was one bank owned foreclosure in these sales. No short sales.

Willoughby Golf Club Real Estate 1

Willoughby Golf Club real estate can be found in the city of Stuart. Stuart is located in Martin County Florida and sits on the eastern coast of the Atlantic Ocean along what is commonly referred to as the Treasure Coast. Knowing the location of Willoughby Golf Club real estate is the first step in the right direction. You will soon realize though that the right direction becomes filled with so many benefits that it is hard not to wish of owning a piece of Willoughby Golf Club real estate.Willoughby Home 3

Willoughby Golf Club real estate and surrounding area is made up of a 403-acre, private golf community. The golf club memberships entitle the members to enjoyment of a championship and challenging Arthur Hills designed golf course. Of the 403 acres over 200 are devoted to nature preserves, lakes and the golf course itself. This allows the residents in Willoughby Golf Club real estate to enjoy a low inhabitant’s environment and the splendors of the beautiful climate found along Florida’s coast.

Willoughby Home 2

Willoughby Golf Club real estate home sites are complimented by the numerous activities and events that take place in the town of Stuart along with noteworthy locations.

  • Restored downtown with historical landmarks
  • exclusive shops
  • distinctive restaurants
  • an executive airport
  • highly viewed schools
  • library
  • outstanding professional and medical facilities
  • a regional mall
  • many cultural happenings

Willoughby View 1

The Atlantic Ocean is accessible via the St. Lucie Inlet and there are protected inland waterways offering boating and fishing excursions. This is no surprise since Stuart properties are located in the “Sailfish Capital of the World”. Stuart also has miles of pristine beaches.Willoughby Pool 2

 

A short drive south will take you to Palm Beach County with its fashionable shopping, assorted well reputable dining, the Raymond F. Kravis Center and Palm Beach International Airport.

The homes of Willoughby Golf Course real estate are divided into different categories. The entire area is made up of nine different neighborhoods, each as fine as the next. You can choose from various floor plans and styles.

Here are the currently available homes for sale in the Willoughby Golf Club

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Willoughby Golf Club Stuart December 2014 Market Update

 

Lost River Plantation Waterfront Home Sold

12.15.14 by

Lost River Plantation Waterfront Home Sold

Lost River Plantation HomeThis Stuart Waterfront Home has been sold by the Gabe Sanders BlueWater Realty Team.  We introduced the buyer to this great deal: A bank owned home listed at $349,900 which our buyer bought at list price.  A spacious 2 story home which includes 5 bedrooms and 3 baths with a 3 car garage. Private 50′ + dock with ocean access and no fixed bridges. Dock includes water and electric at the private yacht basin. Home situated on beautiful lake with views.

Lost River Plantation Home

Lost River Plantation in Stuart, Florida consists of 111 homes all with private docks and Ocean access via the South Fork of the Saint Lucie River. All, but just a handful of the homes have waterfront and dockage located in the backyard. Suitable for deep draft ocean going vessels with some docks able to accommodate over 50’ vessels. All homes are of newer construction (from 2004 to the present). There are a limited number of new homes not on the MLS available now or to be built, please call us for details.

Lost River Plantation Home

This is a spectacular waterfront community with very private and protected waterfront areas. There is a community marina with a clubhouse that offers a fitness center, kitchen and social rooms. For those wishing to commute to pints north or south, Lost River is very conveniently located near the Interstate for easy access. Yet, it’s only 10 to 20 minutes’ drive to the pristine beaches and quaint downtown areas of Stuart, Florida. Also close to shopping, restaurants as well as medical facilities. Lost River Plantation is a tremendous opportunity for newer waterfront construction. A rare gem in this real estate market!

Lost River Plantation Home

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Lost River Plantation Waterfront Home Sold

Stuart FL 34996 Condo Market Report November 2014

12.14.14 by

Stuart FL 34996 Condo Market Report November 2014

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for November 2014

For November 2014 in the 34996 Zip Code area of Stuart, Florida :

There are currently 144 active condo listings (Down by 8 condos from last month).

Stuart FL 34996 Condo Market Report November 2014

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

Stuart FL 34996 Condo Market Report November 2014

24 Condos Sold in November (Increased by 9 condos from October) 

Stuart FL 34996 Condo Market Report November 2014

The Stuart FL 34996 Condo Market picked up a little steam as we headed into November.  While pending sales were off, closed sales took a nice jump.  The inventory was down unfortunately, though I would anticipated that this will turn around as we head into high season for condo sales.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 6 months from October’s 10.1 months .  Back into a balanced market after last months weaker activity.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for November 2013 were: 178 active listings, 35 pending sales and 17 closed sales.  Inventory is still considerably under last years levels.  Our current activity as a percentage of available product is better than it was in 2013.

Stuart FL 34996 Condo Market Report November 2014

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Stuart FL 34996 Condo Market Report November 2014

Stuart FL 34996 Residential Market Report November 2014

12.13.14 by

Stuart FL 34996 Residential Market Report November 2014

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for November 2014

 

For November 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 163 active listings (Up by 7 homes from October).

Stuart FL 34996 Residential Market Report November 2014

 

31 Residential sales are pending and awaiting close or lender approval (Down by 1 home from October).

Stuart FL 34996 Residential Market Report November 2014

15 Homes Sold in November (Increased by 4 homes from October).

Stuart FL 34996 Residential Market Report November 2014

The 34996 zip code area of the Stuart Florida residential real estate market is moving in the right direction after a fairly slow summer.  Inventory as well a s closed sales rose for November while pending sales were off slightly, but still quite strong.

The one month absorption rate for the 34996 zip code area of Stuart Florida for November decreased to 10.9 months as compared to October’s 14.2 months.  Still a buyers market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for November of 2013 were: 139 active listings, 29 pending sales and 9 closed sales.  For the 34996 residential real estate area, there’s a considerably greater inventory of available homes this year when compared to last year.  Percentage wise, market activity is quite similar to last years’.

Stuart FL 34996 Residential Market Report November 2014

 

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Stuart FL 34996 Residential Market Report November 2014

Tradewinds Townhouse Hutchinson Island Under Contract

12.12.14 by

Tradewinds Townhouse Hutchinson Island Under Contract

Like new townhouse in the Tradewinds of Jensen Beach on Hutchinson Island is now under contract.  Listed for $325,000 and now has an accepted offer.  Those wishing to see this property can still schedule an appointment to view it.

Tradewinds Townhouse Hutchinson Island Under Contract

A unique opportunity to own your own just like new 3 BR, 2 & 1/2 Bath Tradewinds townhouse on Hutchinson Island. This British West Indies style home features 10′ ceilings (main floor), granite counter tops, stainless steel appliances, 42″ cabinets and for your convenience and peace of mind hurricane impact glass. Additional upgrades to this town-home include new high efficiency front load washer & dryer, glass shower doors, custom closet shelves, smart privacy blinds, 3 camera alarm system, custom mirrors and a screened back patio with travertine tile. This unit boasts ample storage with numerous walk in closets. Community pool immediately out the back door and easy ocean access across the street. Private walkway to the Intracoastal with great fishing and a possibility for private boat dockage (check availability).

Tradewinds Townhouse Hutchinson Island Under Contract

The Tradewinds community on Hutchinson Island in Jensen beach is a small subdivision on the Intracoastal side of Hutchinson Island with easy beach access across the street.   Just over 1 and 1/2 miles from the Jensen Beach causeway with easy access to downtown Jensen Beach and the great amenities of the surrounding area. Low association fees of $415 per month will cover exterior building maintenance and insurance. 

Tradewinds Townhouse Hutchinson Island Under Contract

View more pictures here and here.

Tradewinds Townhouse Hutchinson Island Under ContractTradewinds Townhouse Hutchinson Island Under Contract

Tradewinds Townhouse Hutchinson Island Under Contract

 

Tradewinds Townhouse Hutchinson Island Under Contract

 

Tradewinds Townhouse Hutchinson Island Under Contract

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Tradewinds Townhouse Hutchinson Island Under Contract

 

Stuart FL 34994 Condo Market Report November 2014

12.11.14 by

Stuart FL 34994 Condo Market Report November 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for November 2014

For November, 2013 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 90 active condo listings (Down by 4 condos from October).

Stuart FL 34994 Condo Market Report November 2014

27 Condo sales are pending and awaiting close or lender approval. (Down by 4 condos from last month) 

Stuart FL 34994 Condo Market Report November 2014

18 Condos Sold in November (Up by 2 condos from October).

Stuart FL 34994 Condo Market Report November 2014

The Stuart FL 34994 Condo market continues to show strong activity.  Inventory remains low, though I would expect to see a rise in active listings as we enter the condo season in Florida.  Closed sales were up slightly, unfortunately pending sales were off, though still strong.

The one month absorption rate decreased to 5 months compared to last month’s 5.9.  A sellers 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 November the numbers were 118 active listings, 42 pending sales, and 20 closed sales.  Slightly stronger activity this year when the reduced inventory is factored into the percentages.

Stuart FL 34994 Condo Market Report November 2014

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Stuart Florida Market Report ZIP Code 34994 – Condo, November 2014

Palm City Farms December 2014 Market Update

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Palm City Farms December 2014 Market Update

There are currently 54 homes on the market in Palm City Farms.  Listing prices range from $150,000 to $3,400,000.  The average price comes out to $778,845 (median $582,450) which is a per square ft. of living area price of $256.73 (median $202.48).  These include 5 short sales and 1 bank owned foreclosure listings.

There are currently 13 homes under contract awaiting settlement.  Listing prices ranged from $295,000 to 849,000, for an average of $511,453 which equals $154.96 per sq. ft. of living area.  1 of these listings is a short sale and 1 is a foreclosure.

In the past 12 months, 60 homes have sold in Palm City Farms with sales prices ranging from $125,000 to $1.653.349 for an average sales price of $449,620 or $154.99 per sq. ft. of living area. These sales averaged 93% of list price.  There were 5 short sales and 4 foreclosure sales in this group of sales.


Homes and Land for Sale in Palm City Farms


If you’re looking for an area of secluded acreage, yet still be close to shopping, entertainment the beach and navigable waterways Palm City Farms may just be the dream setting you are looking for.  Prices are currently more affordable than they have been in the past 5 or 6 years.

Homes and Land in Palm City Farms


Beautiful acreage with 5 acre and larger home sites and vacant land abound in Palm City Farms. This is the perfect location for your equestrian needs as well as many other agricultural uses.  All within minutes of Martin County ‘A’ rated schools, shopping, beaches and easy access to I-95 and Florida’s Turnpike.

Homes and Land for Sale in Palm City, Farms

 

For additional information about Palm City Farms please contact us.

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Palm City Farms December 2014 Market Update