Stuart Florida Market Report ZIP Code 34994 – Residential, September 2012

10.12.12 by

Stuart Florida Market Report ZIP Code 34994 – Residential, September 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for September 2012

For September 2012 in the 34994 Zip Code area of Stuart, Florida :

There are currently 61 active listings (Up 3 from August).

37 Residential sales are pending and awaiting close or lender approval (Down 1 from August).

12 Homes Sold in September (Down 2 homes from August)

The 34994 ZIP code area of the Stuart, Florida real estate market activity continues to show good strength even though the inventory is now down to very low levels.  Both sales and pending sales declined slightly for September.  However, the inventory rose by a modest 3 homes.

The one month absorption rate for this zip code is just over 5 months, which still signifies a sellers market.  Still an excellent time for those wishing to place their homes on the market for sale.  The September 2011 numbers were 71 Active Listings, 36 pending sales and 7 closed sales.

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Stuart Florida Market Report ZIP Code 34994 – Residential, September 2012

Stuart Florida Market Report ZIP Code 34994 – Condo, September 2012

10.11.12 by

Stuart Florida Market Report ZIP Code 34994 – Condo, September 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for September 2012

For September 2012 in the 34994 Zip Code area of Stuart, Florida :

There are currently 142 active condo listings (Down 1 condo from August).

45 Condo sales are pending and awaiting close or lender approval. (Up 2 from last month)

12 Condos Sold in September (Decreased by 1 condo from August).

Continued strong results for the Stuart Condo market for zip code 34994 even during our off season.  Sales were off by 1 unit while pending sales were up an additional 2 condos and the available inventory continues to decrease.  The one month absorption rate is at 11.8 months, which still signifies a buyers market.  And, it appears that the buyers are indeed buying, even during the typically slower condo season.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither a buyers or sellers market.

Last September the numbers were 132 active listings, 45 pending sales, and 18 closed sales.  There is still room for improvement in this segment of the Stuart Florida condo market.

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Stuart Florida Market Report ZIP Code 34994 – Condo, September 2012

Sewalls Point Residential Market Report September 2012

10.10.12 by

Sewalls Point Residential Market Report September 2012

Sewalls Point Real Estate Snapshot, Residential Sales for September 2012

There are currently 50 active listings (a decrease of 7 home for sale from August)

20 Residential sales are pending and awaiting close or lender approval (an increase of 4 homes from August)

3 Homes sold in August (Unchanged from August)

Surprisingly, the Sewalls Point market report for September 2012 showed a small increase in activity during a seasonally slow time by historical standards..  Sales remained steady at three homes but the homes under contract rose to 20 units, which should translate to higher fall sales and the inventory decreased to 50 homes, which is fairly low at this time for Sewalls Point.

Comparing the results to September of 2011, the inventory was at 53 homes homes on the market last year, pending sales numbered only 9 homes, and there were 4 sales from $287,000 to $4,325,000.  This years sales were between $530,000 to $1,670,000.   Better

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Sewalls Point Market Report – Residential, September 2012

Fairwinds Cove Condos in Jensen Beach Florida

10.09.12 by

Fairwinds Cove Condos in Jensen Beach Florida

Fairwinds Cove Condos Market Update for October 2012:
Currently 4 active listings on the market.
There is one short sale pending and awaiting lender approval.
In the past 12 months, 9 condos have sold ranging in sales prices from $120,000 to $180,000 with an average price per square foot of $132.96

Located in beautiful Jensen Beach, Florida on the East side of the Jensen Beach Causeway is Fairwinds Cove.  A waterfront condo complex of 10 four story buildings with only 4 suites per floor.  Many of these condos with wonderful sweeping views of the Indian River (the Intracoastal Waterway that runs through Martin County).

This condo complex built in multiple phases from 1974 to 1983 boasts two swimming pools, tennis courts, shuffleboard, waterside walking paths, a recently refurbished clubhouse with full kitchen, meeting room, fitness room, billiards and more.  Fairwinds Cove also has deeded docks with great access to fishing, water sports and only a few minutes to the crystal clear waters of the Atlantic Ocean.

Fairwinds Cove is a non-age restricted community that allows one small pet.  There is a strong sense of community with many long time seasonal and full time residents.  Located within an easy walk to the beach and just a short drive to charming downtown Jensen Beach  as well as the many amenities offered in Martin County, Florida.

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Jensen Beach Cottage in Indian River Point is Pending

10.08.12 by

Jensen Beach Cottage in Indian River Point is Pending

If you’re looking for a winter getaway or a full time residence near the ocean with boating access, then you’ve found it here. On the Jensen Beach Causeway, less than 1 mile from the Ocean is this charming and updated 2 Bedroom office/den or 3’rd bedroom, 2 Bath home with an attached 1 car garage. Spacious open living area with lots of space and light. Dining nook and breakfast bar accompanies the updated kitchen with Corian counters. The Office/Den features a wet bar. French doors lead to the private patio and barbecue area. This waterfront community features docks which are available to rent or purchase. There’s a community pool, tennis court and RV/Boat parking as well. Perfect opportunity for a dream Florida lifestyle. Rentals are permitted.

Indian River Point in Jensen Beach Florida

Indian River Point in Jensen Beach Florida is a small waterfront community with 68 homes located on the east side of the Jensen Beach Causeway in Martin County.  This is a waterfront community that offers deep water docks on the shores of the Indian River (the Intracoastal Waterway).  The shores of Indian River Point feature miles log water views towards the Stuart Causeway.

In addition to the docks, Indian River Point has a community pool, tennis court and an area set aside for boat or RV parking.  Low homeowner’s association fees of approximately $300 per moth cover basic cable, lawn and landscaping as well as the common areas.

This waterfront community is less than 1 mile from the crystal clear waters of the Atlantic Ocean at Jensen Beach’s public beach.  A perfect place to call home or as a getaway from those cold northern winters.

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Jensen Beach Cottage in Indian River Point is Pending

Pool Home in Port Saint Lucie Sold

10.07.12 by

Pool Home in Port Saint Lucie Sold

5946 NW Thyer Circle a spacious pool home in Port Saint Lucie sold to happy new owners down from the mid-west.

This house is a must see with four spacious bedrooms, 2 bathrooms, 2 car garage, and large kitchen with all appliances. The house is not the only thing that is a must see though, relax outside in your own private pool with a gorgeous view of the preserves. This home is nothing shy of move in ready. See this home today to start making memories in it tomorrow.

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Pool Home in Port Saint Lucie Sold

Waterfront Lot in Beau Rivage

10.06.12 by

Waterfront Lot in Beau Rivage Now Available

122 Saint Lucie Lane in Beau Rivage

Waterfront Lot with Ocean Access

100 feet of waterfront on this .36 acre lot in Beau Rivage. Soon to be officially in Stuart, Martin County. High and dry lot with room for that dream waterfront home you’ve been wanting all your life! Only 4 lots away from the North Fork of the wide Sa int Lucie River. Cement Seawall in place, a perfect protected location for larger ocean going vessels. Very private location with easy access to Martin County’s ‘A’ rated schools, shopping, restaurants and the beaches. There aren’t very many waterfront lots like this left.

Waterfront Lot with Ocean Access

Waterfront Lot with Ocean Access

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Waterfront Lot in Beau Rivage Now Available

Interactive Foreclosure Historical Map

10.05.12 by

Interactive Foreclosure Historical Map

Here’s a neat interactive foreclosure map of the country.  You can compare the rates from January 2007 to July 2012.  For Martin County, the current rate is 1 in 550 homes.  Check it out:

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Interactive Foreclosure Historical Map

Four Rivers in Palm City Florida

10.03.12 by

Four Rivers in Palm City Florida

Four Rivers Market Update for October 1, 2012

There are currently 4 homes for sale in Four Rivers ranging in price from $750,000 to $1,892,000 (Average asking price of $260 per square foot of living area)

 One home is currently pending (under Contract) at a listing price of $725,000 ($231 per square foot)

2 homes have sold in the past 12 months in Four Rivers for $728,000 and $1,020,000 sales prices (The average sales prices were $196.00 per square foot)

Four Rivers in Palm City Florida is a unique enclave of spacious homes on the banks of the South Fork of the Saint Lucie River.  Ideal for the serious boaters, all of Four Rivers’ home sites are on deep water canals suitable for larger vessels and with no fixed bridges (under 60’) to the Saint Lucie inlet to gain access to the crystal clear waters of the Atlantic Ocean.

Consisting of 98 home sites, with a minimum ½ acre of land (though most have ¾ acre or more), Four Rivers is a perfect family friendly neighborhood. Very conveniently located close to ‘A’ rated schools, shopping, restaurants and only a few minutes from either downtown Stuart or Florida’s Turnpike for those wishing to commute to our more crowded neighboring counties.

Low HOA fees insure the canals will be maintained to a depth of 6’ at mean low tide to make sure no boats have difficulties navigating to open water.  Four Rivers is a wonderful place to call home.

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Four Rivers in Palm City Florida

Palm Cove Golf and Yacht Club Town Home Just Listed

10.02.12 by

Palm Cove Golf and Yacht Club Town Home Just Listed

A Palm Cove Golf and Yacht Club Town Home in this prestigious Palm City, Florida Golf and Yachting community.

Palm Cove Golf and Yacht Club Town Home

Palm Cove Golf and Yacht Club Town Home

A wonderful Palm City town home featuring 3 spacious bedrooms (with two master suites — one up one down — with water views), loft area which can easily be converted into a 4th bedroom, 3 and ½ bathrooms and a 2 car garage. The kitchen, with granite counters, has a breakfast bar and roomy pantry. The second floor master has a balcony with sweeping preserve and river views. A very spacious home with soaring ceilings in the living area. This Palm Cove residence has access to community docks (check availability) a non-equity professional golf course and a full featured club house with community pool. HOA fees include Storm and Property Insurance and security. Conveniently located close to shopping, restaurants and Florida’s Turnpike.

Palm Cove Golf and Yacht Club Town Home

Palm Cove Golf and Yacht Club Town Home

 

 

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Palm Cove Golf and Yacht Club Town Home Just Listed


Reduced Again! White City Waterfront Lot with Ocean Access

10.01.12 by

Reduced Again! White City Waterfront Lot with Ocean Access

4846 River Place in White City

This White City Waterfront Lot with Ocean Access Price Reduced to $78,000 for 1.27 Acres.

This White City Waterfront Acreage Price Reduced has 1.27 acres with ocean access. Located in the private River Place subdivision of White City in Fort Pierce, Florida with 150′ of water frontage awaiting your dream home. This is a private secluded location that is only minutes from downtown Fort Pierce, the beaches as well as shopping and restaurants. Only 6 miles to the I-95 interchange for easy access to West palm (approx 40 minutes) or Orlando (approx 90 minutes).

Homes in River Place will need to be built high because of the low nature of the land in this very secluded tributary of the North Fork of the Saint Lucie River.

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Reduced Again! White City Waterfront Lot with Ocean Access

The Estuary of Stuart Florida

09.30.12 by

The Estuary of Stuart Florida

 There are currently three homes and two condos listed in the Estuary.
One home and one condo are currently under contract.
In the past 6 months, 4 homes and 7 condos have sold.
Sales prices ranged from a high of $775,000 for a newer waterfront home to a low of $67,900 for a two bedroom condo.

 The Estuary of Stuart Florida, located in North Stuart, Florida and often mistaken for being a part of Jensen Beach Florida is a gated community with a variety of homes ranging from condos, to 1980’s vintage homes, to newer villas as well as waterfront homes with deep water docks.

The Estuary of Stuart Florida is very conveniently located on the banks of the North Fork of the Saint Lucie River, just minutes from the Treasure Coast Mall and the shopping and dining areas of the US-1 corridor in Jensen Beach.

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The Estuary of Stuart Florida

 

Martin County Florida Condo Market Report for August 2012

09.29.12 by

Martin County Florida Condo Market Report for August 2012

 

Commentary:

The Martin County Florida Condo Market for August 2012 is showing signs of our typical summer slowdown.  Sales for August were down to 46 units from 57 in July.  Though this is still slightly better than August of 2011 which had 43 sales.  The inventory was up by 7 units and is basically holding steady as last year at this time it was 618 condos available for sale.  I would not be surprised to see more inventory growth as we get into the upcoming  fall and winter condo season.  Both average and median sales prices were off again for August reflecting a continued pressure on pricing in the local condo market.  Also, the mix of sales has been in the lower price ranges, as the more expensive, typically ocean front condos tend to have better sales in the winter and spring season..

The one month absorption rate is up to 12.6 months, while the three-month average is at 10.4 months.  Still a very challenging market for sellers with the accompanying quite attractive opportunities for buyers.  We need to see a sustained absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

Currently, the condo market is under-performing as compared to our residential market and the condo markets of our southern neighbors.  I do expect this trend to stop as buyers realize the bargains currently available in the Martin County condo market.

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The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

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Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Condo Market Report for August 2012

the Gabe Sanders real estate team

Condo Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

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Martin County Florida Residential Market Report for August 2012

09.28.12 by

Martin County Florida Residential Market Report for August 2012

 

Commentary:

The Martin County Florida residential market report for August 2012 continues to show strong results. The sales volume of 179 homes is 43 homes better than 2011 and 82 homes better than 2010.  Looking at the absorption rate table, this is the first August in memory that sales continued to remain strong during the off season.  All this with a much reduced inventory from previous months.

Average sales prices were up for August, while the median sales price was off slightly.  Indicating a sale of a few much higher priced home and continuing very strong demand for the more affordable mix in the Martin County residential market.  Other than the top of the price range, the market is now showing price increases pretty much across the board until you reach the above $ 1 million dollar homes, where the market remains somewhat difficult.

This months inventory showed a small increase (for the first time in years) to 1147 units (up 15 from last month), still down from the 1340 homes that were on the market in August of 2011 (and the 2795 homes in August of 2007). The one month absorption rate for August is 6.4 months, while the three-month average is 6.6 months.  These absorption rates are very close to a balanced market, favoring neither seller or buyer.

Overall, very positive market results for the residential segment of the Martin County real estate market.

Please feel free to contact us if you have any difficulty interpreting these charts.

[singlepic id=2846 w=600 h=600 float=center]

The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

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Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Residential Market Report for August 2012

the Gabe Sanders real estate team

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

For more information about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, August 2012

09.27.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, August 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for August 2012

 

For August 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 26 active condo listings. (Down 2 from July)

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7 Condo sales are pending and awaiting close or lender approval. (Unchanged from July)

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  2 Condos sold in August (A decrease of 1 condos from July)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  August showed very little change from last month.  With only 26 units available it’s fairly slim pickings in the Hobe Sound Florida Market Report ZIP Code 33455 condo market. Small changes in any metric will reflect large changes in market activity and unless some dramatic changes occur, I would expect the Hobe Sound condo market to remain fairly static.

The one month absorption rate is 13 months, signifying that it’s still a buyers market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.  But, with such low numbers, these indicators can easily be misleading.

The August 2011 numbers were:  42 active listings, 6 pending sales and 3 closed sales.  Other than a significantly lower inventory, very similar results.



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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, August 2012

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, August 2012

09.26.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, August 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for August 2012

 

For August 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 298 active listings. ( An increase of 19 homes from July)

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55 Residential sales are pending and awaiting close or lender approval (A decrease of 22 homes from July)

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37 Homes Sold in August (An increase of 6 homes from last month)

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For the second month in a row the Hobe Sound real estate market (ZIP Code 33455) had some disappointing results.  While closed sales were up for August, the number of pending sales were off considerably and unlike most other areas of Martin County the inventory rose for the second month n a row.  Whether this is just typical seasonal fluctuations for the Hobe Sound real estate market or a trend diverging from other Martin County areas remains to be seen.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 stands at 8 months.  This is still a buyers market in Hobe Sound.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for August 2011 were:  342 active listings, 54 pending sales and 30 closed sales.   Marginally better numbers this year than last.

 

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Hobe Sound, FL Real Estate

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, August 2012

Palm Cove Golf and Yacht Club Open House

09.25.12 by

Palm Cove Golf and Yacht Club Open House

Join us on September 30, from 1 to 4 P.M. for this Palm Cove Golf and Yacht Club Open House at  210 SW Hatteras Court

When only the best will do. Beautiful home in Palm Cove has it all.

Expansive 3400 sq ft floor plan. 3 bedrooms, 3 full baths. Private office. Gorgeous marble floors. Upgraded cabinets, granite counter tops ,stainless appliances in the gourmet kitchen. Butlers pantry w/wine refrigerator. Large family room with expansive windows and golf course view. Luxurious master suite with sitting area, two over sized walk-in closets, plantation shutters. Master bath has dual sinks, granite counts, tub, shower, linen closet. Entertaining is a breeze on the expansive lanai area with summer kitchen, expanded heated pool. Screened porch to catch the river breeze. Three car garage. Community marina, (slips available), riverfront clubhouse, non-equity golf course

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5675 SW Mapp Road – Ocean Access Waterfront Pool Home in Palm City Florida – Sold

09.24.12 by

5675 SW Mapp Road – Ocean Access Waterfront Pool Home in Palm City Florida – Sold

This waterfront home in Palm City Florida has been sold.  Short sale with all deficiencies waived.

5 BR, 3 BA, Pool Home with 4 Car Garage and Ocean Access Dock and Lift

Wonderful opportunity for a family in need of 5 BR’s or for those who have all of their relatives visit them in Palm City, Florida so they can go swimming and boating all winter while others are busy shoveling snow up north!

This spacious Palm City waterfront home rests on nearly an acre of lushly landscaped natural beauty! Tucked away for maximum privacy, this screened pool home overlooks private serene canals with ocean access along with serene preserve views. The inviting living area boasts an open floor plan with vaulted ceilings, a gourmet kitchen complete with 42 inch oak cabinets, SS appliances, and granite counter tops. A true 5BR plus den with a large master retreat that has an additional bonus room ideal for a nursery, gym, or office. Bonus features of this home are impact glass windows, ample closets and storage, 2 zone AC, High efficiency Tanin water filter system, double sided wood burning fireplace and a 4 car tandem detached garage. All in an ‘A’ rated school district in Martin County, Florida.

 

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5675 SW Mapp Road – Ocean Access Waterfront Pool Home in Palm City Florida – Sold

 

Palm City Florida Market Report ZIP Code 34990 – Condo, August 2012

09.23.12 by

Palm City Florida Market Report ZIP Code 34990 – Condo, August 2012

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for August 2012

For August 2012 in the 34990 Zip Code area of Palm City, Florida :



There are currently 63 active condo listings. (An increase of 1 condo from July)

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6 Condo sales are pending and awaiting close or lender approval. (Down 1 from last month)

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4 Condos Sold in August. (Up 3 from July)

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The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.  For August, closed sales were up 3 units from the one sale of July.  Both pending sales and the inventory only changed by 1 unit for August.
The one month absorption rate for the Palm City Florida condo market is 15.5 months.  Still a significant buyers market.
The August 2011 numbers were: 52 active listings, 5 pending sales and 4 closed sales.   Very similar to this year.  The one statistic to note, unlike most other segments of the Martin County real estate market, the inventory for Palm City condos is up from last year.

 

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Palm City Florida Market Report ZIP Code 34990 – Condo, August 2012

Palm City Florida Market Report ZIP Code 34990 – Residential, August 2012

09.22.12 by

Palm City Florida Market Report ZIP Code 34990 – Residential, August 2012

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for August 2012

 

For August 2012 in the 34990 Zip Code area of Palm City Florida :


There are currently 400 active listings (A decrease of 16 homes from July)

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161 Residential sales are pending and awaiting close or lender approval. (A decrease of 8 homes from last month)

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68 Homes Sold in August (Increased 5 homes from July)

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For the Palm City, zip code 34990, area of Martin County Florida activity remained strong for August after a super spring.  Closed sales were up again.  Pending sales were off for the first time in a number of months, possibly reflecting the typical seasonal slow down for Palm City Florida during the summer months.  The inventory of available homes for sale also declined again, now at levels approaching those during the height of the real estate boom in the mid 2000’s.  The market activity remains active, much more so than in the past few years.

The current absorption rate is 5.8 months, which is considered to be a balanced market, but sliding towards a sellers market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The August 2011 numbers were:  466 active listings, 139 pending sales and 42 closed sales.  Considerably improved market activity for August 2012, especially when the lower inventory is factored into the results.

 

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Palm City Florida Market Report ZIP Code 34990 – Residential, August 2012