The Arbors in Hobe Sound May 2019 Market Report

05.05.19 by

The Arbors in Hobe Sound May 2019 Market Report

There are 3 homes available for sale in The Arbors as of May 2019.  List prices range from $405,000 up to $561,900.  This is an average list price of $496,967 or $223.26 per sq. ft. of living area.

There is 1 home currently under contract.  This home was listed for $495,000 which is $231.31 per sq. ft. of living area.  It was on the market for 8 days prior to going under contract.

In the past 12 months, 6 homes have sold in the Arbors.  Sales prices ranged from $437,500 up to $715,000.  This works out to an average sales price of $565,417 which equals $206.99 per sq. ft. of living area.  These sales averaged 96% of the listed price and were on the market for an average of 32 days prior to entering into an agreement for sale.

About the Arbors in Hobe Sound:

the Arbors in Hobe Sound

In northern Hobe Sound just west of Federal Highway and off of Seabranch Avenue is the exclusive 190 homes of the Arbors.  This exclusive gated community of upscale homes all border on lakes or preserve with generous lots and elbow room not found in many modern developments.  In addition to the two serene lakes, the Arbors also contains generous nature preserves to protect the indigenous hardwoods and pines as well as offering a home to native flora and fauna.  Residents of the Arbors enjoy seeing endangered scrub jays and gopher tortoises as well as pairs of sandhill cranes.   To enjoy the surrounding 100 acres of protected preserve areas, the Arbors has set up a walking trail through much of this land.  Great for a morning walk or excellent exercise for those that wish to go for a run or jog.

the Arbors in Hobe Sound

All this in a location that is just minutes from many championship golf courses, the beautiful beaches of the Atlantic Ocean and the marinas and waterways of Martin County.  Close to Martin County’s ‘A’ rated schools, shopping centers, medical facilities and all necessary urban services yet in a quiet peaceful setting.  The Arbors is less than an hour away from Palm Beach International Airport and just about equidistant from Miami and Orlando, both only two hours by car.

the Arbors in Hobe Sound

The Arbors is a wonderful place to call home.

Search for all Arbors Homes in Hobe Sound Real Estate

The Arbors in Hobe Sound May 2019 Market Report

Ocean Dunes Condos on Hutchinson Island May 2019 Market Report

05.04.19 by

Ocean Dunes Condos on Hutchinson Island May 2019 Market Report

As of May 2019, there were 2 condos for sale in Ocean Dunes on Hutchinson Island in Jensen Beach FL.  The list prices are $475,000 and $949,000.  This is an average list price of $712,000 or $372.63 per sq. ft. of living area.

There are no condos currently under contract.

In the past 12 months, 3 condos have sold.  Sales prices ranged from $270,000 up to $500,000.  This equals an average sales price of $356,667 which works out to $283.13 per sq. ft. of living area.  These condos were on the market for an average of 305 days before going under contract and sold for an average of 95% of the last list price.

About Ocean Dunes Condos in Jensen Beach FL:

Ocean Dunes Condos in Jensen Beach FL

Just north of the Jensen Beach Causeway is the very exclusive Ocean Dunes Condo Building.  This 8 story elevator building was built in 1982 and contains only 28 units.  No more than 4 condos per floor with the penthouse having two spacious double sized units of 2,502 sq. ft. under AC each.  The remaining condos are all 2 bedroom, 2 bath with the corner units having 1,298 sq. ft. of living area and the interior ones having 1,228.

Ocean Dunes Condos in Jensen Beach FL

There is ample parking as well as beach access, private pool and a tennis court.  One small pet is allowed as well as rentals are permitted with some restrictions.  The current condo fees are $530 per month as of December 2016.

Ocean Dunes Condos in Jensen Beach FL

There is shopping located across the street and it’s only a short drive to downtown Jensen Beach.

 Ocean Dunes Condo in Jensen Beach

Click here to search for available Ocean Dunes Condos for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
Admiral – Atlantis – Claridge – Dune Walk – Empress – Island Club –  Island Crest – Island Dunes – Islandia – Miramar – Miramar Royale – Oceana North – Oceana Oceanfront – Oceana South – Ocean Towers – Oceanrise  – Ocean Bay Villas – Princess –  Regency – Sand Dollar Shores – Sea Winds – Villa del Sol

Ocean Dunes Condos on Hutchinson Island May 2019 Market Report

Florida Townhouses and Condos March 2019 Market Report

05.03.19 by

Florida Townhouses and Condos March 2019 Market Report

The Florida Townhouses and Condos Market Report for March 2019 had weaker sales activity when compared to last March.  Closed sales were down by 6.1% as compared to last month’s decrease of 5.7% and new sales under contract (new pending sales) increased by 1.0% (In February there was a 3.1% decrease).  These decreases are considerably less severe than last month.

Prices, however, continue to rise for March though at a much more reasonable pace than most of last year.  Median sales prices were up by 3.6% (was up by 4.7% in February), while the average sales price increased by 6.3% (was up 3.7% in February).

The inventory of active listings increased by 6.6% from March of last year.  We now have 6.3 months of inventory as compared to 6.0 months for March 2018.  Remaining in a balanced market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos March 2019 Market Report

Click on the link below or the graphic to see the full market Report report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos March 2019 Market Report

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.

Florida Townhouses and Condos March 2019 Market Report

Coral Lakes May 2019 Market Report

05.03.19 by

Coral Lakes May 2019 Market Report

For May 2019 there is only 1 home available for sale in Coral Lakes in Stuart FL.  This home is listed for $599,999 which is equal to $131.29 per sq. ft. of living area.

There is also 1 home currently under contract in Coral Lakes.  This home was listed for $465,000 or $186.82 per sq. ft. of living area and was on the market for 64 days before going under contract.

8 homes have sold in the past 12 months in Coral Lakes.  These homes sold for prices ranging from $335,000 up to $445,000.  This equals an average sales price of $388,000 which works out to $178.41 per sq. ft. of living area. These homes were on the market for an average of 113 days before going under contract and sold for 97% of the list price.

About Coral Lakes in Stuart FL:

Coral Lakes real estate in Stuart FL

The gated Stuart FL community of Coral Lakes is off Willoughby Blvd between Pomeroy Street and Salerno Road.  Communities like this are no longer being developed in most centrally located areas as all of the lots are a minimum of a ½ acre and a number are over an acre.

Coral Lakes in Stuart FL

There are just under 100 home sites in Coral Lakes with the first homes built in 1980 and the most recently completed one was in 2005.  Homes come in all sizes and shapes with different builders and range from just over 1,600 sq. ft. 2 bedrooms and 2 bathrooms homes up to over 4,500 sq. ft. homes with 5 bedrooms and 4 bathrooms and multi-car garages.

Coral Lakes in Stuart FL

Other than a storage lot for boats, RV’s and trailers there are no additional amenities in Coral Lakes and the low HOA fee of $450 per year covers maintenance of the common areas, gates, and management (as of March 2019).  Many homes have private pools in these spacious single family home sites as well as other much-desired amenities.

Coral Lakes in Stuart FL

The location makes it easy for residents of Coral Lakes to commute via I-95 to parts north or south of Martin County and yet still be close to shopping, restaurants, medical facilities, beaches and waterways, and the other great attractions that make Stuart FL so popular among families.

Coral Lakes real estate in Stuart FL Coral Lakes real estate in Stuart FL

Currently, children attend the Pinewood Elementary, Dr. David L. Andersen Middle, and Martin County High Schools.

Check here to see which Coral Lakes homes are available for sale.

Coral Lakes May 2019 Market Report

Florida Single Family Homes March 2019 Market Report

05.02.19 by

Florida Single Family Homes March 2019 Market Report

The Florida Single Family Homes Market Report for February 2019 showed little change in sales volume when compared to last year.  The closed sales were unchanged (were up by 1.9% in February) and new sales under contract (new pending sales) were up by 2.6% (were unchanged in February).

Prices were mixed for March.  The median sales price rose by 2.0% (it was up by 1.3% in February) and the average sales prices dropped by 1.4% (it was down by 0.4% last month).

The inventory of available homes for sale increased by 9.6% from last year.  This is a 4.2 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (March 2017 had a 3.9 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory continues to decrease which is putting pressure on rising prices and lower sales volume.

Florida Single Family Homes March 2019 Market Report

Click here to view or download the full report:

Florida Single Family Homes March 2019 Market Report

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.

March 2019 Florida Single Family Homes Market Report

Poppleton Creek Condo Market Report for May 2019

05.02.19 by

Poppleton Creek Condo Market Report for May 2019

As of May 2019, there were no condos available for sale in the Poppleton Creek community of Stuart, FL.

There is 1 condo currently under contract. The list price was $128,900 or $147.31 per sq. ft. of living area.  This condo was on the market for 8 days prior to going under contract.

In the past 12 months, there have been 8 sales.  Sales prices ranged from $82,000 up to $150,000 for an average sales price of $106,250 which equals $108.70 per sq. ft. of living area.  These condos averaged 18 days on the market before going under contract and sold for an average of 97% of list price.

About the Poppleton Creek Condo Community in Stuart FL:

Poppleton Creek Condos in Stuart FL

Conveniently located just west of US-1 (Federal Highway) on Kanner Highway and close to downtown Stuart is the Poppleton Creek Condo Complex.

Poppleton Creek Condos in Stuart FL Poppleton Creek Condos in Stuart FL

 This community consists of two sections.  One is a more traditional type of condo building with units consisting of mostly 2 bedroom condos and a few 1 bedroom units built in 1974 with approximately 875 sq. ft. of living area.  There is also a newer section built in 1981 with 1,250 sq. ft. condos that are more like townhomes with 2 bedrooms and 2 bathrooms.

Poppleton Creek Condos in Stuart FL Poppleton Creek Condos in Stuart FL

The newer section, which was completed between the years of 1984 and 1985 is referred to as the Gardens at Poppleton Creek and consist of a more open plan that are all 1,164 sq. ft. of living area with 2 bedrooms and 2 bathrooms.

Poppleton Creek Condos in Stuart FL

Some units in both of the newer sections lookout at and are along the shores of Poppleton Creek which has ocean access through the Saint Lucie River.  There are docks available in Poppleton Creek that are only suitable for smaller boats as the waters are fairly shallow and one must travel under the Palm City Road bridge which only has limited clearance. There is also a place for kayak storage and launching.

Poppleton Creek Condos in Stuart FL

One medium sized pet is allowed (under 35 lbs.) and rentals are also allowed with restrictions.  There is ample parking but no commercial vehicles are allowed.  Units do have washer and dryer hookups for in-home laundry.

There are two community pools and unfortunately no sports courts at this time.  All ages are welcome and children currently attend the J.D. Parker Elementary School, Stuart Middle School, and the Jensen Beach High School.

Click here to see all the currently listed condos in Poppleton Creek (If any)

Poppleton Creek Condo Market Report for May 2019

Gabe’s May 2019 House Calls Newsletter

05.01.19 by

Gabe’s May 2019 House Calls Newsletter

Click on the image below to view or download Gabe’s May 2019 House Calls Newsletter:

Gabe's May 2019 House Calls Real Estate Newsletter

Click here to download the full interactive PDF of our May 2019 House Calls Newsletter

You can see all the past issues here:

House Calls Archive

Search here for Stuart Florida Real estate

Gabe’s May 2019 House Calls Newsletter

Hobe Sound FL 33455 Condo Market Report March 2019

04.30.19 by

Hobe Sound FL 33455 Condo Market Report March 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for March 2019

For March 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently only 4 active condo listings. (Up by 2 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2019

1 Condo is pending and awaiting close. (Down by 1 condo from February)

Hobe Sound FL 33455 Condo Market Report March 2019

3 Condos sold in March. (Up by 2 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2019

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  The inventory of available condos has once again reached very small levels and this will impact future condo market activity in Hobe Sound.  Yet, even with such little inventory, these condos are selling well.

The absorption rate for Hobe Sound condos was 0.33 months for March as compared to 2 months in February).  Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes in percentages that do not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The March 2018 numbers were: 9 active listings, 9 pending sales, and 2 closed sales.  Considerably better activity last year, along with a greater number of condos available for sale.

Hobe Sound FL 33455 Condo Market Report March 2019

Are you interested in the value of your Hobe Sound FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report March 2019

Canopy Creek April 2019 Market Report

04.30.19 by

Canopy Creek April 2019 Market Report

There are 3 homes currently for sale in Canopy Creek in Palm City.  List prices range from $729,570 up to $929,000.  This is an average list price of $840,157 which equals $244.21 per sq. ft. of living area.

There is one home currently under contract in Canopy Creek.  The list price was $899,000 or $216.11 per sq. ft. of living area.  This home was on the market for 97 days prior to going under contract.

In the past 12 months, 7 Canopy Creek homes have sold.  Sales prices ranged from $700,000 up to $859,900.  This equals an average sales price of $788,330 which works out to $217.04 per sq. ft. of living area.  These homes averaged 159 days on market prior to going under contract and the sales prices averaged 99% of list price.

About Canopy Creek in Palm City FL:

Canopy Creek in Palm City Florida

Canopy Creek in Palm City is a beautiful community for those seeking new construction homes with plenty of room for privacy.  With just 300 homes on 700 acres of preserves and wetlands, this community affords luxury living without the crowds of urban areas.  Each estate home in this Eco-friendly community is on a minimum of a half-acre lot and all offer peaceful views of protected Florida preserves.

Canopy Creek in Palm City Florida

Canopy Creek will be a gated private community with easy access to I-95 or the Florida Turnpike. Minutes from the famous Treasure Coast beaches of Florida, the area also offers fabulous shopping and dining in beautiful Stuart, Florida and one of the finest public school systems in Florida. Canopy Creek is your best choice for new homes in Palm City, Florida.

Canopy Creek in Palm City Florida

New homes range in size from just over 3,000 sq. ft. of living area to 4,100 sq. ft. with prices starting from the low $600,000’s.  Clients of the BlueWater Realty Team may qualify for some special promotional discounts.  Please call us for details.

Search here for all Canopy Creek homes for sale

Canopy Creek real estate is presented by Gabe Sanders, Stuart FL real estate

or search for all homes here

Canopy Creek April 2019 Market Report

Hobe Sound FL 33455 Residential Market Report March 2019

04.29.19 by

Hobe Sound FL 33455 Residential Market Report March 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for March 2019

  For March 2019 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 236 active listings. (Down by 20 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2019 

93 Residential sales are pending and awaiting close  (Up by 27 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2019

35 Homes Sold in March (Down by 4 homes from last month)

Hobe Sound FL 33455 Residential Market Report March 2019

The Hobe Sound Florida Market Report ZIP Code 33455 had a nice big jump in pending sales which should translate to strong sales in the coming months.  Unfortunately, closed sales were down slightly and there was a sizeable drop in inventory.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 6.7 months (It was 6.6 months in February).  Remaining in a balanced market for Hobe Sound residential real estate for a second month.  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 2018 were:  194 active listings, 105 pending sales, and 45 closed sales.  Better all around activity last year with less inventory of available Hobe Sound homes for sale.

Hobe Sound FL 33455 Residential Market Report March 2019

Are you interested in the value of your Hobe Sound FL Home?
Click on this link and fill out the form for an accurate personal evaluation

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

Hobe Sound FL 33455 Residential Market Report March 2019

Joes Point April 2019 Real Estate Market Report

04.29.19 by

Joes Point April 2019 Real Estate Market Report

As of April 2019, there are 3 homes for sale in Joes Point on Hutchinson Island.  These homes are listed from $712,000 up to $1,839,000.  This works out to an average of $1,233,667 or $347.91 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months, only one Joes Point home has sold.  The sales price was $1,035,000 which works out to $350.37 per sq. ft. of living area.  This home went under contract 239 days after being listed and sold for 99% of the list price.

About Joes Point on Hutchinson Island:

Joes Point on Hutchinson IslandOne of the most unusual properties on Stuart’s Hutchinson Island is Joes Point.  Located on a private peninsula which juts to the north-west into the mile-wide Indian River (Intracoastal Water Way). Originally developed by Lloyd Dutcher in the early 1980’s this is a premier waterfront subdivision enjoying the many wonderful amenities of Hutchinson Island in Martin County.  Only minutes to the Saint Lucie inlet and the sparkling Atlantic Ocean by boat, with easy access to the Bahamas or through the Okeechobee waterway through the heart of Florida to the Gulf of Mexico by boat.  This is a true boaters paradise.  Abundant fishing is just off the dock or go just a few minutes further for some deep sea fishing and adventure.

Joes Point on Hutchinson Island Joes Point on Hutchinson Island

Joes Point has 56 home sites (3 are vacant lots at this writing) of which most are waterfront with private docks and sweeping water views of the Intracoastal Waterway (Indian River). There are 8 non-waterfront homes, though they have docks in the community marina which is just a short walk from these homes.  There is also a community RV/Boat storage area as well as a tennis court.  HOA fees as of April 2019 were under $300 per month and include central water and sewer service.

Joes Point on Hutchinson Island Joes Point on Hutchinson Island

Pets are welcome as well as having the ability to rent these homes.  This is a gated community offering a high level of privacy on the shores of the Indian River.  Beach access is across A-1-A in a private and HOA owned beach area.

Joes Point on Hutchinson Island

Search here for any available Joes Point Homes for Sale

Joes Point April 2019 Real Estate Market Report

The Charter Club at Martin Downs April 2019 Market Report

04.28.19 by

The Charter Club at Martin Downs April 2019 Market Report

There is currently one home for sale in the Charter Club at Martin Downs in Palm City FL.  The list price is $285,000 or $162.76 per sq. ft. of living area.

There is also one home under contract that has not yet sold.  This home was listed for  $249,500 which is $200.24 per sq. ft. of living area.  This home went under contract 8 days after being listed.

These past 12 months saw 20 homes sell in the Charter Club.  Sales prices ranged from $215,250 up to $295,000 for an average sales price of $255,899 which equals $161.90 per sq. ft. of living area.  These homes were under contract in an average of 64 days and sold for an average of 96% of list price.

About the Charter Club at Martin Downs:

The Charter Club at Martin Downs

The Charter Club us a gated community of 203 homes on the south side of Martin Downs Blvd.  Developed in 1988 with the last home completed in 1995.  Very well located in the heart of Palm City and just a short distance to shopping, the Turnpike, numerous golf courses, and rivers and only about 15 minutes to the beaches of the Atlantic Ocean or 10 minutes to historic downtown Stuart, FL.

Charter Club in Palm City Martin Downs

Home sizes range from 3 bedroom, 3 bathroom, 2 story homes with over 2,500 sq. ft. of living area down to 2 bedroom, 2 bathroom homes with just over 1,200 sq. ft.  All of the Charter Club homes have garages and most are two car, though a few of the smaller homes only have one car garages.

Charter Club in Palm City Martin Downs

There’s a community pool and hot tub for residents as well as to tennis courts.  There’s also a nice large pond (or small lake) which many homes have nice private water views.  The charter club allows up to 1 medium sized pet per home.  There are also vehicle restrictions for trucks and commercial vehicles that don’t fit into garages.

Charter Club in Palm City Martin Downs

The HOA fee is currently $235 per month and covers the common areas, landscaping and lawn service, basic cable tv, pest control, and trash service.

Charter Club in Palm City Martin Downs

A wonderful and safe community neighborhood that’s close to ‘A’ rated schools.  The Charter Club at Martin Downs is a great place to call home.

the Charter Club at Martin Downs

Search here for Charter Club Homes for Sale

The Charter Club at Martin Downs April 2019 Market Report

Admiral Condos April 2019 Market Report

04.27.19 by

Admiral Condos April 2019 Market Report

As of April 2019, there are 3 condos for sale in the Admiral on Hutchinson Island in Jensen Beach FL.  List prices range from $439,900 up to $499,900.  This is an average list price of $473,233 or $319.42 per sq. ft. of living area.

There is one condo under contract.  It was listed for $625,000 which is $325.18 per sq. ft. of living area.  This condo was on the market for only 11 days prior to going under contract.

In the past 12 months, only 1 condo has sold in the Admiral.  The sales price was $375,000 which equals $272.33 per sq. ft. of living area.  This condo went under contract 14 days after being listed and sold for 94% of list price.

About the Admiral Condominium on Hutchinson Island at Island Dunes:

Admiral Condominium on Hutchinson Island at Island Dunes

The Admiral Condominiums at Island Dunes on Hutchinson Island in Jensen Beach FL is a high rise building with 104 condos that was built in 1983.  Residents of the Admiral belong to the Island Dunes Country Club which offers a challenging nine-hole golf course on the banks of the wide Indian River, a championship tennis club, a pro shop, a deep-water marina, and fine dining at Pietro’s on the River, the onsite restaurant area which is open to the public.

Admiral Condominium on Hutchinson Island at Island Dunes

Condos in the Admiral range from 3 bedroom, 3 bathroom units with a spacious 1,922 sq. ft. of living area (under air) down to 2 bedroom, 2 bathroom condos with 1,377 sq. ft.  The current condo association fees are $800 a month for a 2 bedroom condo.  These fees include the many amenities for this building and the Island Dunes Country Club including both Golf and Tennis memberships as well as potential access to deep water ocean access docks.

The Admiral Condominium at Island Dunes The Admiral Condominium at Island Dunes

All units have wonderful ocean views while many also have sweeping views of the Intracoastal (Indian River) as well as the Island Dunes golf course.  There’s also private beach access as well as barbecue facilities.

Admiral Condominium on Hutchinson Island at Island Dunes

Wonderful amenities are included such as a full first-floor common area with kitchen and space for parties, a game room, fitness center, and sauna.  The Admiral is a pet free building. Rentals are allowed with restrictions.

Admiral Condominium on Hutchinson Island at Island Dunes

For those wishing to experience a true resort style living on Hutchinson Island in Jensen Beach FL, the Admiral may be the perfect fit.

Click on this link for the currently available Admiral Condos for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
Atlantis – Claridge – Dune Walk – Empress – Island Club –  Island Crest – Island Dunes – Islandia – Miramar – Miramar Royale – Ocean Dunes – Oceana North – Oceana Oceanfront – Oceana South – Ocean Towers – Oceanrise  – Ocean Bay Villas – Princess –  Regency – Sand Dollar Shores – Sea Winds – Villa del Sol

Admiral Condos April 2019 Market Report

Stuart FL 34997 Condo Market Report March 2019

04.26.19 by

Stuart FL 34997 Condo Market Report March 2019

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2019

For March 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 58 active condo listings (Down by 7 condos from February).

Stuart FL 34997 Condo Market Report March 2019

34 Condo sales are pending and awaiting close (Up by 17 condos from February).

Stuart FL 34997 Condo Market Report March 2019

15 Condos Sold in March (Up by 5 condos from February).

Stuart FL 34997 Condo Market Report March 2019

      The Stuart FL condo market for zip code 34997 came back strong for March after a few months of weaker activity.

     The absorption rate plunged to 3.9 months in March compared to 6.5 months for February.  Transitioning into a very strong seller’s market after one month as a balanced market and a previous month as a buyer’s market for condos in the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The March 2018 numbers were: 56 active listings, 23 pending sales, and 22 closed sales.  Stronger closed sales volume last year while we had better ending numbers this year.

Stuart FL 34997 Condo Market Report March 2019

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34997 Condo Market Report March 2019

Montego Cove April 2019 Market Report

04.26.19 by

Montego Cove April 2019 Market Report

There are 7 condos for sale in Montego Cove in Stuart FL for April 2019.  List prices range from $205,000 up to $240,000.  This is an average list price of $216,557 which works out to $141.40 per sq. ft. of living area.

There is 1 condo under contract awaiting the finalization of the sale.  The list price was $225,000 or $149.40 per sq. ft. of living area. This condo was on the market for 22 days before going under contract.

In the past 12 months, 11 condos have sold in Montego Cove.  Sales prices ranged from $162,500 up to $245,000 for an average sales price of $205,764 which equals $130.78 per sq. ft. of living area.  These condos averaged 62  days on market before accepting the final offer and sold for an average of 97% of the last listed price.

About the Montego Cove Condos in Stuart FL

Montego Cove Condos in Stuart FL

Located just west of US-1 (Federal Highway) off of Cove Rd, this attractive Condo community on over 50 acres with 30 residential buildings for a total 182 units that are mostly 2 bedroom, 2 bathroom condos and a few 3 bedroom ones and one 1 bedroom condo.  Living areas range from 1,506 sq. ft. to 1,683 sq. ft. for the 2 bedroom condos and 1,722 sq. ft. for the 3 bedroom condos.  This complex opened in 1985 and the last section was completed in 1989.

Montego Cove Condos in Stuart FL

This community offers ample green spaces along with 2 tennis courts, 2 pools, shuffleboard and a clubhouse. This is a 55 and over age-restricted community.  There is one covered parking space (carport) for each home and extra uncovered spaces for guests and residents.  One small pet (under 15 lbs.) is permitted.

Montego Cove

There are abundant green spaces and two small lakes for serene water views for most homes in Montego Cove.  Those without water views have private preserve views.

Montego Cove

An excellent location close to great restaurants and the fishing center of Stuart in Port Salerno and just a short few minutes to access I-95 and points north or south only a few hours away.  Medical facilities, as well as professional services, are also only a short distance away.

Montego Cove

As of April 2019, the Condo fee is $410 per month.  This includes the maintenance, insurance, and upkeep of all the common areas and facilities as well as each building, trash pickup, management, cable TV, and pest control.

Click here to see the available Montego Cove condos for sale

Montego Cove April 2019 Market Report

Stuart FL 34997 Residential Market Report March 2019

04.25.19 by

Stuart FL 34997 Residential Market Report March 2019

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for March 2019

For March 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 339 active listings (Decreased by 22 homes from February).

Stuart FL 34997 Residential Market Report March 2019 

197 Residential sales are pending and awaiting close or lender approval (Up by 31 homes from February). 

Stuart FL 34997 Residential Market Report March 2019

89 Homes Sold in March (Increased by 12 homes from February)

Stuart FL 34997 Residential Market Report March 2019

      The Stuart Florida Residential Market for ZIP Code 34997 is once again leading Martin County segments as the most active segment for sales.  Both closed and pending sales rose and remain very strong.
     The absorption rate dipped to 3.8 months (was 4.7 months for February).  Back into a pretty extreme seller’s market for the 34997 zip code area of Stuart for March 2019.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2018 numbers for March, were: 297 active listings, 164 pending listings, and 92 closed sales.  Slightly stronger closed sales volume last year but better pending numbers for this year.
Stuart FL 34997 Residential Market Report March 2019

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Stuart Florida Real Estate presented by:
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Stuart FL 34997 Residential Market Report March 2019

Indian River Point April 2019 Market Report

04.25.19 by

Indian River Point April 2019 Market Report

For April 2019, there are 3 homes available for sale in the Indian River Point (a.k.a. Newport Jensen) community of Jensen Beach on Hutchinson Island.  These homes are listed for prices ranging from $319,900 up to $590,000.  This is an average list price of $436,596 which equals $234.08 per sq. ft. of living area.

There are also 3 homes currently under contract.  List prices ranged from $285,000 up to $335,000.  This equals an average list price of $306,472 which is $203.85 per sq. ft. of living area.  These homes averaged 113 days on the market before going under contract.

In the past 12 months, 5 homes have sold in this waterfront community.  The sales prices ranged from $238,000 up to $585,000.  This works out to an average sales price of $344,380 or $212.41 per sq. ft. of living area.  These homes took an average of 79 days on the market before going under contract and they sold for an average of 97% of list price.

About Indian River Point:

Indian River Point

Situated on the shores of the wide Intracoastal at the east side of the Jensen Beach Causeway is the private community of Indian River Point (also known by its official designation as Newport Jensen). This non-gated community of 67 homes features community docks with a fishing station, tennis court, community pool and outdoor areas for barbecuing.

Indian River Point in Jensen Beach Indian River Point in Jensen Beach

Homes were constructed from 1976 to 2001 (with the majority of them built from 1976 to 1983), though some of the homes have been totally remodeled and appear brand new. Sizes range from 2 Bedroom, 2 Bathroom homes of 1,100 sq. ft. up to 4 Bedroom, 3 Bathroom homes of up to 2,370 sq. ft. of living area. Both one and two story homes are in this waterfront community. Some homes have a 1 car garage while others have assigned parking spaces near or in front of the residences.
As of this writing, the homeowners association fees are $335 a month and these include basic cable TV, landscape and lawn maintenance as well as the insurance and care of the common areas and facilities.

Indian River Point in Jensen Beach Indian River Point in Jensen Beach

Indian River Point is a wonderful and tight knit small community that is within walking distance to the beaches and only a short drive to quaint downtown Jensen Beach. Close to restaurants, shopping and in the ‘A’ rated Martin County School District. A wonderful winter getaway or full time Florida home.

Indian River Point in Jensen Beach

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 Indian River Point April 2019 Market Report

Jensen Beach FL 34957 Condo Market Report March 2019

04.24.19 by

Jensen Beach FL 34957 Condo Market Report March 2019

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for March 2019

For March 2019 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):

There are currently 104 active listings. (Decreased by 18 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2019

54 Condo sales are pending and awaiting settlement. (Up by 18 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2019

22 Condos Sold (Up by 9 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2019

 The Jensen Beach FL 34957 Condo Market Report rebounded strongly from a couple of weak winter months.  Both closed and ending sales saw significant improvements from the past few months.

The one-month absorption rate for the March 2019, Jensen Beach Florida Market Report ZIP Code 34957 plunged to 4.7 months (from 9.4 months in February), back into a seller’s market after a few months absence.  A balanced market is considered to be a 6 to 7-month absorption rate favoring neither the buyer or seller.

The March 2018 numbers were: 109 active listings, 58 pending sales, and 27 condos closed.  A better volume of closed and pending sales last year for Jensen Beach condos.

Jensen Beach FL 34957 Condo Market Report March 2019

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Jensen Beach Florida Real Estate presented by:
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Jensen Beach FL 34957 Condo Market Report March 2019

Palm Pointe and Palm Isles April 2019 Market Report

04.24.19 by

Palm Pointe and Palm Isles April 2019 Market Report

There are currently 3 active listings in Palm Pointe and Palm Isles community of Palm City FL.  List prices for these homes range from $289,888 up to $359,990. This results in an average list price of $334,959 which equals $151.23 per sq. ft. of living area.

At this time, there are no homes under contract.

Six homes have sold in the past 12 months.  Sales price ranged from $250,000 up to $350,000.  This equals an average sales price of $285,167 which works out to $165.15 per sq. ft. of living area.  These homes were on the market for an average of 43 days prior to going under contract and sold at an average of 98% of list price.

About the Palm Isles and Palm Pointe Community in Palm City:

Palm Isles and Palm Pointe in Palm City

Palm Pointe and Palm Isles are adjoining communities in Palm City just east of High Meadow Rd between Martin Downs Blvd and Martin Hwy. These gated communities are conveniently located close to both Florida’s Turnpike and I-95 making it a great location for those who commute to parts north or south for work, yet want to take advantage of the great school system and amenities that Martin County has to offer. Also within easy reach of shopping, restaurants and medical facilities as well as the many boat ramps and Marinas of Martin County.

 Palm Pointe and Palm Isles in Palm City

There are a total of 128 homes that were built from 1990 through 1996 for Palm Pointe and 1999 to 2001 for Palm Isles. These two communities share a community pool, tennis courts and a playground.

Palm Isles and Palm Pointe in Palm City

Homes range in size from 2 bedroom, 2 bathroom homes of around 1,400 sq. ft. of living space plus a two car garage, up to 4 bedroom, 4 bath homes of around 2,400 sq. ft. plus garage. Many homes in these communities have their own private pools and a lucky few have wonderful lake views.

Palm Isles and Palm Pointe in Palm City

As of April 2019, HOA fees were just over $200 a month and this community allows large pets and rentals. There are vehicle restrictions for commercial trucks.

Palm Pointe and Palm Isles in Palm City Palm Pointe and Palm Isles in Palm City

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Palm Pointe and Palm Isles April 2019 Market Report

Jensen Beach FL 34957 Residential Market Report March 2019

04.23.19 by

Jensen Beach FL 34957 Residential Market Report March 2019

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for March 2019

 For March 2019 in the 34957 Zip Code area of Jensen Beach, Florida:

 There are currently 230 active listings. (Down by 21 home from last month)

Jensen Beach FL 34957 Residential Market Report March 2019

92 Residential sales are pending and awaiting close or lender approval. (Increased by 37 home from February)

Jensen Beach FL 34957 Residential Market Report March 2019

40 Homes Sold (Increased by 11 homes from February)

Jensen Beach FL 34957 Residential Market Report March 2019

The Jensen Beach FL 34957 Residential Market rebounded very strongly from weaker winter activity with strong increases in both pending and closed sales.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 5.8 months ( was 8.7 months in February).  Back into a seller’s market for Jensen Beach homes.   A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The March 2018 numbers were: 186 active listings, 93 pending sales, and 34 home sales closed.  A very similar volume of sales and pending sales to last year, but this is with an increased inventory of Jensen Beach homes for sale.
Jensen Beach FL 34957 Residential Market Report March 2019
Are you interested in the value of your Jensen Beach FL Home?
Click on this link and fill out the form for an accurate personal evaluation

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

Jensen Beach FL 34957 Residential Market Report March 2019