Monarch Country Club Real Estate Market Report July 2018

There are currently 8 active listings in the Monarch Country Club in Palm City FL. List prices range from $299,900 up to $600,000 for an average list price of $450,349 which works out to $192.57 per sq. ft. of living area.

There are 12 homes under contract which have not yet closed to date. List prices were from $229,000 up to $469,000 for an average of $341,908 or $169.95 per sq. ft. of living area. These homes were on the market for an average of 73 days before going under contract.

In the past year (12 months back), 27 homes have sold in the Monarch Country Club. Sales prices ranged from a low of $215,000 up to $585,000 for an average sales price of $376,778 which equals $169.43 per sq. ft. of living area. These homes sold on average at 96% of the last list price and were on the market for an average of 51 days before going under contract.

About the Monarch Country Club

One of Palm City’s premier neighborhoods, Monarch Country Club is home to the ‘Monarch’ Golf Course in a wonderful gated community of approximately 500 homes.

Homes in the Monarch Country Club range in size from estate sized homes with over 3,800 sq. ft. of living area and up to 5 bedrooms and 4 bathrooms with 3 car garages down to smaller attached villas with a more modest 1,300 sq. ft. of living area and 2 bedrooms, 2 bathrooms and a 2 car garage. For those living in the Monarch Country Club, membership in the golf club is not mandatory and there are a number of social memberships also available including tennis and community pool memberships.

As of July 2018, the HOA fees (not including golf or social) ranged from just under $400 up to $450 a month depending on the size and the section of Monarch the home is located in. All ages and pets are welcome in Monarch and children are currently zoned to attend the Bessey Creek Elementary School, Hidden Oaks Middle School and Martin County High School.

This community is well located in Palm City close to Florida’s Turnpike for commuters and with easy access to shopping, restaurants, medical facilities and the many boat ramps and waterways in Martin County.

The championship course at Monarch boasts 6,867 yard par 72 with a slope of 133 and a rating of 73.6. Shorter options exist for all levels of play. This is an Arnold Palmer designed course that opened in 1987 and is currently managed as a ClubCorp facility.

There’s a beautiful clubhouse with pro shop, fine dining room, snack bar and outside bar that is open to club members and residents of Monarch Country Club. The two story structure offers beautiful views of the emerald green fairways of the ‘Monarch’ course at the Monarch Country Club. This fine facility is also available for business, social conferences and weddings. Adjacent to the clubhouse is a professional caliber tennis facility with six perfectly maintained, lighted Har-Tru courts. A full-service Pro Shop is available to suit all of your needs. Lessons, groups, tournaments are all accommodated by the friendly staff.

Currently there are a number of fine homes available for sale in the Monarch Country Club, ranging from smaller attached villas to larger estate homes with magnificent lake and golf course views.

Here are the currently available Monarch Country Club Homes for Sale

Monarch Country Club Real Estate Market Report July 2018

Jensen Beach FL 34957 Condo Market Report June 2018

07.26.18 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report June 2018

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for June 2018

For June 2018 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):

There are currently 103 active listings. (Decreased by 5 condos from May)

38 Condo sales are pending and awaiting settlement. (Down by 5 condos from May)

31 Condos Sold (Unchanged from May)

The Jensen Beach FL 34957 Condo Market Report for June continued to show strong sales activity. Small decreases in pending sales and inventory as compared to last month.

The one-month absorption rate for the June 2018, Jensen Beach Florida Market Report ZIP Code 34957 decreased to 3.3 months (from 3.5 months in May), still in a seller’s market. A balanced market is considered to be a 6 to 7-month absorption rate favoring neither the buyer or seller.

The June 2017 numbers were: 105 active listings, 44 pending sales, and 31 condos closed. Not any significant difference from last years numbers.

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Jensen Beach FL 34957 Condo Market Report June 2018

Mystic Cove Real Estate Market Report for July 2018

07.26.18 by Gabe Sanders

Mystic Cove Real Estate Market Report for July 2018

As of July 2018, there is 1 home on the market in the Mystic Cove community of Hobe Sound FL. This home was listed for $624,000 or $176.67 per square foot of living area.

There are no homes under contract (pending) at this time.

In the past 12 months, 6 home has sold. Sales prices ranged from $440,000 up to $552,500 for an average sales price of $485,083 which is $201.42 per square foot of living area. These homes averaged 75 days on the market prior to going under contract and they sold for an average of 96% of list price.

About Mystic Cove in Hobe Sound:

Mystic Cove

Mystic Cove in Hobe Sound is a gated community of only 35 lots. As of this writing, there are still 2 vacant lots which have yet to be built upon. This is a waterfront community on the Intracoastal Waterways and just on the east side of Gomez Ave about a half mile north of Bridge Road (which accesses Jupiter Island and the shores of the crystal clear waters of the Atlantic Ocean.

Mystic Cove

Mystic Cove has 16 deeded docks to owners within the community that are accessible via a boardwalk through the mango preserve area. These docks may have lifts with electricity and water available. Access to the Ocean is either through the Saint Lucie Inlet in Stuart or the Jupiter Inlet in Jupiter.

The homes in Mystic Cove were built from 1989 to 2008 and range in size from just under 2,000 sq. ft. of living area with 3 bedrooms and 2 bathrooms up to over 3,500 sq. ft. and 4 bedrooms and 4 bathrooms. All of these lots are over one-quarter of an acre with the largest lots just over one-third of an acre.

Mystic Cove

HOA fees as of June 2018 are $117.00 a month for homes without docks and $166.00 for homes with docks.

Children in Mystic Cove are zoned to attend the Hobe Sound Elementary School, Murray Middle School and the South Fork High School.

Click on this link to see available homes for sale in Mystic Cove

For a complete list of available homes that include non-Martin County MLS listings please email or call Gabe Sanders at 772-888-2885

Mystic Cove Real Estate Market Report for July 2018

Jensen Beach FL 34957 Residential Market Report June 2018

07.25.18 by Gabe Sanders

Jensen Beach FL 34957 Residential Market Report June 2018

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for June 2018

For June 2018 in the 34957 Zip Code area of Jensen Beach, Florida:

There are currently 170 active listings. (Up by 11 from last month)

77 Residential sales are pending and awaiting close or lender approval. (Down by 13 homes from May)

59 Homes Sold (Decreased by 1 homes from May)

The Jensen Beach FL 34957 Residential Market continues to have very strong activity. The Jensen beach inventory is also not significantly lower than last year, which is unusual for Martin County.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 inched up to 2.9 months ( was 2.7 months in May). Remaining in a very strong seller’s market for Jensen Beach residential sales after a month that inched close to a balanced market. A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The June 2017 numbers were: 176 active listings, 58 pending sales, and 47 home sales closed. There was considerably stronger activity this year as compared to last year.

Jensen Beach FL 34957 Residential Market Report June 2018

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Jensen Beach FL 34957 Residential Market Report June 2018

Egret Pond July 2018 Real Estate Market Report

07.25.18 by Gabe Sanders

Egret Pond July 2018 Real Estate Market Report

As of July 2018, there are 2 homes on the market in Egret Pond community of the Martin Downs Country Club of Palm City FL with list prices of $239,000 and $249,977 for an average list price of $244,489 which equals $163.43 per square foot of living area.

There are 3 homes under contract (pending) awaiting their closing. These homes were listed from $230,000 up to $265,000 which averages to $243,438 or $145.84 per square foot of living area. These homes were on the market for an average of 58 days prior to going under contract.

In the past 12 months, 6 homes have sold. Sales prices ranged from $190,000 up to $255,000 for an average sales price of $226,667 which equals $144.05 per square foot of living area. The average days on market for these home sales was 50 days and the average list to sales price was at 96%.

About Egret Pond in Martin Downs:

The Egret Pond community is a section of the Martin Downs Country Club of Palm City with 86 homes that were built in 1984 and 1985. These homes range in size from 2 bedroom, 2 bathroom and 1 car garage homes with just over 1,300 sq. ft. of living area up to 3 bedroom, 2 bathroom and 1 car garage with a little over 1,700 sq. ft. of livable space under AC.

These are all concrete block construction homes with flat cement tile roofs. The HOA fees are $240 per month which includes landscaping and lawn maintenance, basic cable TV, a reserve fund for the common areas, exterior painting and security. Martin Downs is a guard gated community with roving security patrols as needed.

All ages and pets are welcome in Egret Pond. Children are currently zoned to attend the Crystal Lake Elementary, Hidden Oaks Middle, and Martin County High Schools.

Also, very conveniently located close to Florida’s Turnpike for those looking to travel to parts north or south. Egret Pond is a very affordable and excellent choice for those looking for a home within the Palm City area of Martin County.

http://realestate.gabesanders.com/i/egret-pond-in-martin-downs

Egret Pond July 2018 Real Estate Market Report

Palm City FL 34990 Condo Market Report June 2018

07.24.18 by Gabe Sanders

Palm City FL 34990 Condo Market Report June 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for June 2018

For June 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 86 active condo listings. (Decreased by 1 condos from May)

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

9 Condos Sold in June. (Unchanged from May)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. For June there wasn’t much change in activity when compared to last month. The Palm City condo market is hampered by two equity golf course communities with slow sales in the current environment.

The current absorption rate for condos in the 34990 zip code area inched down to 9.6 months (was 9.7 months in July). Still in a buyer’s market for Palm City condominiums. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The June 2017 numbers were: 75 active listings, 10 pending sales, and 6 closed sales. This is one of the few segments of the Martin County real estate market with a higher inventory of properties for sale this year when compared to last June. Sales were slightly higher while pending sales were off this year.

Palm City FL 34990 Condo Market Report June 2018

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Palm City FL 34990 Condo Market Report June 2018

Schooner Oaks July 2018 Real Estate Market Report

07.24.18 by Gabe Sanders

Schooner Oaks July 2018 Real Estate Market Report

For July 2018 there are 2 homes for sale in Schooner Oaks in Stuart, FL. These homes are listed for sale with prices of $257,900 and $265,000 for an average list price of 261,450 or $163.41 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months, 5 Schooner Oaks homes have sold. They sold for a low price of $200,000 to a high price of $286,000 for an average sold price of $236,200 which equals $130.23 per sq. ft. of living area. These homes went under contract in an average of 17 days and sold for 94% of list price.

About Schooner Oaks in Rocky Point:

The Schooner Oaks community of Rocky Point in Stuart FL is a townhouse style complex under condo association rules. There are 86 units of varying sizes that were built from 1985 till 1997.

These townhouses vary from the largest one with 4 bedrooms and 4 bathrooms and 2,140 sq. ft. of living area down to 2 bedroom, 2 bath condos with around 1,400 sq. ft. of living area. Most units come with an attached single car garage.

Residents enjoy the use of a clubhouse with billiards, fitness room, heated pool, spa and tennis courts. There’s a waterfront gazebo with a day dock and fishing pier off the Intracoastal Waterway with views toward the Saint Lucie Inlet of the Atlantic Ocean.

This is a pet friendly community allowing for up to two large pets. Rentals are also allowed and there are some vehicle restrictions. The current HOA fees are $570 per month. These fees cover Assessment Fee, Cable, Common Areas, Fire/Liability Insur, Grounds / Plants, Insurance-Bldg, Insurance-Other, Janitor, Lawn Care, Legal/Accounting, Maintenance – Repair, Maintenance Exterior, Management Fees, Manager, Pest Control, Pool Service, Reserve Funds, Roof Maintenance and Trash Removal.

Search here for any available Schooner Oaks Condos for sale

Schooner Oaks July 2018 Real Estate Market Report

Palm City FL 34990 Residential Market Report June 2018

07.23.18 by Gabe Sanders

Palm City FL 34990 Residential Market Report June 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for June 2018

For June 2018 in the 34990 Zip Code area of Palm City Florida :

There are currently 333 active listings (Decreased by 7 homes from May)

150 Residential sales are pending and awaiting close or lender approval. (Down by 26 homes from last month)

111 Homes Sold in May (Up by 5 homes from May)

The Palm City FL, zip code 34990 residential real estate market showed a slight increase in closed sales volume and a fairly large drop in pending sales. We continue to show a need for greater inventory (number of homes available for sale) in Palm City.

The monthly absorption rate inched down to 3.0 months from 3.2 months in May. Remaining in a strong seller’s market for the Palm City zip code 34990 area for residential sales. A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The June 2017 numbers were: 386 active listings, 171 pending sales, and 96 closed sales. There was a slightly better-closed volume for this year with fewer pending sales. All of this on significantly lower number of available homes for sale.

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Rental Properties for Rent in Palm-City, Florida Between $0 – $500,000

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Palm City FL 34990 Residential Market Report June 2018

Canoe Creek Real Estate Market Report July 2018

07.23.18 by Gabe Sanders

Canoe Creek Real Estate Market Report July 2018

For July 2018 there are 2 homes for sale in Canoe Creek in Palm City. These homes are listed for sale with prices of $389,000 and $595,000 which is an average list price of $492,000 or $140.82 per sq. ft. of living area.

There are 3 homes currently under contract in Canoe Creek in Palm City. These homes were listed at prices ranging from $369,888 up to $459,900 for an average list price of $413,263 which works out to $192.83 per sq. ft. of living area.

In the past 12 months, 6 homes hasve sold in Canoe Creek. The sales prices ranged from $345,400 up to $437,500 which averages to $384,131 and equals $158.45 per sq. ft. of living area. These homes went under contract in an average of 116 days after going on market and sold for an average of 98% of list price.

About Canoe Creek Real Estate in Palm City:

Search for Canoe Creek Homes for Sale

Canoe Creek in Palm City is a wonderful family community filled with just a little over 100 captivating homes that have plenty of room for your family to grow. Each home has a spacious yard with beautiful manicured Florida foliage that creates a tranquil backdrop. Lot sizes in Canoe Creek begin at 1/2 acre with a few lots of up to just over an acre. Home sizes range from over 4,000 sq. ft. of living area with 5 bedrooms, 5 bathrooms and 3 car garages down to more modest 3 bedroom, 2 bathroom homes of under 2,000 sq. ft. of living area. Homes in Canoe Creek had numerous builders and were completed between the years of 1980 and 1995.

The neighborhood is approximately 25 minutes from gorgeous stretches of beaches in Stuart. Canoe Creek is close to great ‘A’ rated schools, recreation, and the exciting and beautiful Downtown Stuart while still close to I-95 and Florida’s Turnpike for those needing to commute or wishing to travel either north or south.

Low HOA fees of $150 per quarter make this an easily affordable community in a subdivision that offers privacy with room to spare between homes with individual mostly custom designed and built homes at an affordable price.

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Canoe Creek Real Estate Market Report July 2018

Summerfield Real Estate Market Report July 2018

07.22.18 by Gabe Sanders

Summerfield Real Estate Market Report July 2018

As of July 2018, there are 3 homes on the market in Summerfield ranging in listing price from $379,900 up to $517,500 for an average list price of $432,433 which equals $189.36 per square foot of living area.

There are 5 homes under contract (pending) awaiting their closing. Listing prices ranged from $374,800 up to $725,000 for an average list price of $502,938 which is $202.32 per square foot of living area. These homes averaged 56 days on the market prior to receiving an accepted offer.

In the past 12 months, 19 homes have sold. Sales prices ranged from $270,000 up to $410,000 for an average sales price of $343,653 which equals $182.10 per square foot of living area. Thes homes averaged 70 days on the market before going under contract and the average list to sales price was at 97%.

About Summerfield the Home of the Champions Golf Club:

Summerfield is located on over 275 acres and hosts a little over 500 single family homes adjoining the Champions Golf Course. Selected as one of the top 10 Golf Courses he nation by Golf Magazine in 1995, it is the first public golf course awarded the Audubon Signature Sanctuary Statuary because of its natural beauty. This Tom Fazio designed course is open to the public with very reasonable membership fees. Visit the Champions Course web site for more information at http://www.thechampionsgolfclub.com/

The residential section is known as Summerfield and is a secured gated community with homes ranging in size from smaller 2 bedroom coach homes of around 1500 square feet up to 5 bedroom estate homes boasting over 3,000 square feet of living area.

Summerfield boasts an exceptionally large community pool and clubhouse with dining and entertainment facilities, fitness center and a professional 6 court Tennis club. All of these amenities available at very reasonable HOA fees, along with the convenience of on-site manager to handle any issues that may arise.

Very conveniently located near US-1 and Cove Rd, residents can enjoy close proximity to shopping, medical facilities with downtown Stuart only minutes away and only 30 minutes to the palm Beaches. Easy access to I-95 where travel to Orlando or Miami is only 2 hours by car.

The following homes are currently available for sale in Summerfield:

Summerfield Homes for Sale

Stuart Florida Real Estate

Summerfield Real Estate Market Report July 2018

Rio Vista in Sewalls Point July 2018 Market Report

07.21.18 by Gabe Sanders

Rio Vista in Sewalls Point July 2018 Market Report

As of July 2018, there is 1 Rio Vista home for sale in Sewalls Point. This home was listed for $399,900 or $229.30 per sq. ft. of living area.

There is one home currently under contract. The list price was $429,000 or $235.71 per sq. ft. of living area. This home was on the market for 114 days before going under contract.

In the past 12 months, 8 Rio Vista homes have sold with sales prices ranging from $365,000 up to $1,450,000 for an average sales price of $770,250 which equals $269.55 per square foot of living area. These homes averaged 139 days on market before going under contract and sold for 96% of list price.

About Rio Vista in Sewalls Point:

Rio Vista in Sewalls Point

The Rio Vista subdivision of South Sewalls Point spans the mid portion of the South Sewalls Point peninsula from the Indian to the Saint Lucie River. Starting out at a low elevation on the east up to the higher bluffs of the Saint Lucie River with waterfront homes on both sides and non-waterfront homes in between. Rio Vista includes those 106 homes and lots that are located on Rio Vista Dr, Lantana Lane, S. Sewalls Point Rd and S River Rd.

Rio Vista in Sewalls Point

Homes in Rio Vista were built from 1975 to some newer construction with one just being finished in 2015. Home sizes range from a low of around 1,500 sq. ft. with either 2 or 3 bedrooms and 2 baths all the way to a 15,000 sq. ft. mansion with 8 bedrooms and 15 bathrooms.

Rio Vista in Sewalls Point

The Rio Vista subdivision is part of the town of Sewalls Point and there are no specific amenities or fees that are unique to this portion of Sewalls Point. The Rio Vista portion of Sewalls Point is a very desirable area in Martin County and remains in great demand for its location, amenities and life style possibilities.

There are no HOA fees in the Rio Vista neighborhood of Sewalls Point as it is within the town city limits.

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Rio Vista in Sewalls Point July 2018 Market Report

Stuart FL 34997 Condo Market Report June 2018

07.20.18 by Gabe Sanders

Stuart FL 34997 Condo Market Report June 2018

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2018

For June 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 50 active condo listings (Unchanged from May).

26 Condo sales are pending and awaiting close (Also unchanged from May).

Stuart FL 34997 Condo Market Report June 2018

18 Condos Sold in June (Increased by 1 condos from May).

Stuart FL 34997 Condo Market Report June 2018

The Stuart FL condo market for zip code 34997 had identical activity to last month with the exception of one additional closed sale this month.

The absorption rate inched down to 2.8 months in June compared to 2.9 months for May. Remaining in a strong seller’s market for 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 June 2017 numbers were: 50 active listings, 33 pending sales, and 7 closed sales. Better sales activity this year while the pending sales were a bit stronger last year. The inventory remained unchanged from last year as well.

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Stuart FL 34997 Condo Market Report June 2018

Pine Ridge Condos in Palm City July 2018 Market Report

07.20.18 by Gabe Sanders

Pine Ridge Condos in Palm City July 2018 Market Report

There are 2 condos for sale in Pine Ridge at Martin Downs in Palm City FL for July 2018. List prices are $97,888 and $119,900 for an average list price of $108,894 which is $98.02 per sq. ft. of living area.

There are also 2 condos under contract. List prices were $134,900 and $174,900 for an average of $154,900 which works out to $120.28 per sq. ft. of living area. These condos averaged 22 days on market before going under contract.

In the past 12 months, 23 condos have sold in Pine Ridge. Sales prices ranged from a low of $87,500 to a high of $165,000 for an average sales price of $137,595 which equals $115.13 per sq. ft. of living area. These condos sold for an average of 94% of list price and were on the market for an average of 73 days before going under contract.

About the Pine Ridge Condos at Martin Downs:

The Pine Ridge Condos at Martin Downs is a wonderful gated complex in Palm City. Entrance is through the gates at Matheson Ave on the south side of Martin Downs Blvd, just south of the Monarch Golf Club. Very well located close to Florida’s Turnpike as well as shopping and just a short ride to downtown Stuart and the waterways as well as golf courses that Martin County offers.

Pine Ridge was built from 1986 through 1995 and consists of both condos as well as villas. There are numerous floor plans ranging from 3 bedroom, 2 bath units with 1486 sq. ft. of living area to 2 bedroom, 2 bath of 1111 sq. ft. down to 830 sq. ft. 1 bedroom, 1 bath condos. Some condos come with a detached garage while the rest have assigned parking along with lots of space for guest parking as well.

There are two lakes on the grounds as well as a community swimming pool, tennis courts, and a bocce court. Two small pets are permitted. And, no trucks or motorcycles are allowed. As of July 2018, the condo association fees ranged from $290 to $390 per month depending on the size and location of the condo.

This is a wonderful community welcoming all ages and one of the most affordable options for those wishing to live in Palm City. Especially desirable for young families who wish to take advantage of Palm City’s ‘A’ rated schools.

Click this link to search for available Pine Ridge Condos for Sale

Pine Ridge Condos in Palm City July 2018 Market Report

Stuart FL 34997 Residential Market Report June 2018

07.19.18 by Gabe Sanders

Stuart FL 34997 Residential Market Report June 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for June 2018

For June 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 263 active listings (Increased by 4 homes from May).

149 Residential sales are pending and awaiting close or lender approval (Decreased by 7 homes from May).

94 Homes Sold in June (Increased by 1 homes from May)

The Stuart Florida Residential Market for ZIP Code 34997 remains very active with strong sales and pending sales. The inventory remained relatively steady for this month after numerous months of decreases in thenumber of available homes for sale.

The absorption rate remained almost unchanged at 2.79 months (was 2.8 months for May). Remaing in a very strong seller’s market for the 34997 zip code area of Stuart for June 2018. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.

The 2017 numbers for June, were: 261 active listings, 180 pending listings, and 87 closed sales. Slightly better sales volume for this June but also a smaller number of pending sales.

Stuart FL 34997 Residential Market Report June 2018

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Stuart FL 34997 Residential Market Report June 2018

The Florida Club July 2018 Market Report

07.19.18 by Gabe Sanders

The Florida Club July 2018 Market Report

Stuart, Florida

As of July 2018, there are 3 Florida Club homes for sale. List prices range from $425,000 up to $459,000 for an average list price of $434,725 which works out to $210.40 per sq. ft. of living area.

There are 3 homes under contract awaiting closing. List prices ranged from $309,888 up to $429,315 for an average list price of $359,401 which works out to $191.18 per sq. ft. of living area. These homes averaged 88 days on the market before going under contract.

In the past 12 months, 32 homes have sold in the Florida Club with sales prices ranging from $225,000 up to $497,500 for an average sales price of $331,138 which equals $173.89 per square foot of living area. The average days on market before going under contract was 53 days with a 96% list to sales price ratio.

About the Florida Club:

Conveniently located at the gateway to Stuart, Florida and Martin County, the Florida Club is a DiVosta built golf club community located off Kanner Highway and within minutes of I-95. This non-equity golf club community consists of 433 homes. 113 homes in the estate’s section of the Florida Club featuring larger lots and spacious estate sized homes. Many with both lake or golf course views and a few with both. The remaining Florida Club homes feature either single family or attached one-story villas, many also with golf course and/or lake views. Residents of the Florida Club can enjoy daily golf or if they wish can forgo being a member and just enjoy the benefits of living in a wonderful gated community without the expense of golf club membership. Additionally, for those wishing to play only occasional (or just seasonal) golf, the Florida Club is open for non-members.

Perfect for anyone who wants the convenience of easy access to I-95 with Palm Beach, Fort Lauderdale and Miami, just a quick trip to the south and Orlando to the north. Yet still only minutes to the wonderful Atlantic Beaches of both Stuart or Hobe Sound and Jupiter Island.

The Martin County location ensures low property taxes and ‘A’ rated school system. Enjoy the Florida sunshine and all that this friendly neighborhood has to offer.

For more information about golf at the Florida Club July 2018 Market Report please visit their website: Florida Club Web Site and watch their welcome video below:

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The Florida Club July 2018 Market Report

Stuart FL 34996 Condo Market Report June 2018

07.18.18 by Gabe Sanders

Stuart FL 34996 Condo Market Report June 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for June 2018

For June 2018 in the 34996 Zip Code area of Stuart, Florida :

There are currently 106 active condo listings (Down by 12 condos from last month).

38 Condo sales are pending and awaiting close or lender approval (Down by 8 condos from May).

29 Condos Sold in June (Down by 11 condos from May)

The Stuart FL 34996 Condo Market of Stuart remains a very active market. Sales and pending sales were off from last month and the inventory continues to decline. Hopefully, this is just a seasonal slow down which is typical for condos in our area.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 3.7 months from May’s 3.0 months. Still in a strong sellers’ market for this segment of Martin County condos. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for June 2017 were: 132 active listings, 40 pending sales, and 26 closed sales. Very similar activity as compared to last year with a significantly lower number of available condos for sale (inventory).

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Stuart FL 34996 Condo Market Report June 2018

Portofino Condos at Jensen Beach July 2018 Market Report

07.18.18 by Gabe Sanders

Portofino Condos at Jensen Beach July 2018 Market Report

As of July 2018, there are 2 condos available for sale in Portofino. List prices are $143,000 and $172,500 which averages to $157,750 or $147.44 per sq. ft. of living area.

There are no condos under contract at this time.

In the past 12 months, 14 condos have sold in Portofino, ranging in sales price from $95,000 up to $175,000 for an average sales price of $138,439 which equals a price per sq. ft. of $136.22. The average days on market was 42 and the average list to sales price ratio was 96%.

About the Portofino Condos at Jensen Beach:

Portofino of Jensen Beach is a gorgeous gated condo community that’s just great for families or singles. Portofino offers fantastic amenities such as a resort-style pool and hot tub, a state-of-the-art fitness center, and an indoor air-conditioned racquetball court along with outdoor tennis court. A business center is also available that delivers the conveniences of a home office, with computers, a copier, and a fax machine to keep you connected. A children’s playground is also available. This community is only 10 minutes from the beaches, and it is just minutes to both Jensen Beach Elementary School and Jensen Beach High School. Jensen Beach students also attend Stuart Middle School which is only about 15 minutes away.

Portofino Condos at Jensen Beach

Portofino Condos at Jensen Beach is one of the newest condominium subdivisions in Martin County. Originally built as an upscale apartment complex around 2000, this development was turned into condominiums and began sales in 2005. Due to the downturn in the housing market, not all units were sold and some are now being offered for lease. Portofino Condos at Jensen Beach July 2018 Market Report features 1, 2 and 3 bedroom units with separate garage parking as an added purchase when available. Unit sizes are 802 sq. ft. for the 1 Bedroom 1 bath, 1074 sq. ft. for the 2 Bedroom 2 bath, and 1252 sq. ft. for the 3 Bedroom 2 bath.

With a total of 384 units, there are 116 one-bedroom, 196 two-bedroom, and 72 three-bedroom units within Portofino that are spacious and include balconies! Portofino provides luxury living for its residents, set in a peaceful Florida preserve atmosphere, many with lake views. Living in Portofino of Jensen Beach you will feel like you are on vacation year round!

The Condo Owners Association fees range from $209 to $330 per month depending on unit size and for garage owners, there’s an additional $20 per month charge. Fees include the extensive grounds and gated entry as well as the amenities, which include a large community pool, heated whirlpool, state of the art fitness center, indoor racquetball court, tennis court, playground and a private clubhouse with a full kitchen.

All ages are welcome in Portofino Condos at Jensen Beach. Children attend Martin County’s highly rated school system, currently at Jensen Beach elementary school, Stuart middle school and Jensen Beach high school. Portofino Condos is close to the Treasure Coast mall as well as numerous shops and restaurants, medical facilities and only a few minutes to the waterways of Martin County and the beaches of Hutchinson Island.

Portofino Condos at Jensen Beach

For information about sales or rentals of Portofino Condos in Jensen Beach, please call the Gabe Sanders real estate team at 772-323-6996 or contact us here.

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Portofino Condos at Jensen Beach July 2018 Market Report

Stuart FL 34996 Residential Market Report June 2018

07.17.18 by Gabe Sanders

Stuart FL 34996 Residential Market Report June 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for June 2018

For June 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 105 active listings (Decreased by 10 homes from May).

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

26 Homes Sold in June (Up by 6 homes from May).

The 34996 zip code area of the Stuart Florida residential real estate market continues to be active market. Sales were up from last month but both the inventory of available homes for sale and pending sales were off for June.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for June dipped to 4.0 months as compared to May’s 5.8 months. Drifting back into a strong seller’s market for the 34996 zip code area of Stuart FL but on the brink of transitioning into a balanced market. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for June 2017 were: 138 active listings, 55 pending sales, and 41 closed sales. Better activity last June with a greater inventory of available homes for sale.

Stuart FL 34996 Residential Market Report June 2018

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Stuart FL 34996 Residential Market Report June 2018

Oceana Oceanfront and North Condos July 2018 Market Report

07.17.18 by Gabe Sanders

Oceana Oceanfront and North Condos July 2018 Market Report

For July 2018 there are 5 condos for sale in Oceana (I and II aka Oceana Oceanfront) in Jensen Beach FL on Hutchinson Island. List prices range from $180,000 up to $305,000 for an average list price of $235,980 which equals $246.58 per sq. ft. of living space.

There are 5 condos currently under contract. List prices ranged from a low of $223,000 up to a high of $439,000 for an average list price of $315,680 which equals $301.22 per sq. ft. of living space. These condos averaged 277 days on the market before going under contract.

In the past 12 months, 24 condos have sold. Sales prices ranged from $199,000 up to $511,250 for an average sales price of $299,770 which works out to $271.85 per sq. ft. of living space. These condos sold for an average of 95% of list price and averaged 82 days on the market before going under contract.

About the Oceana Oceanfront and North Condos:

The Oceana North Condos are also known as Oceana Oceanfront and are located at 9900 and 9940 S Ocean Drive in Jensen Beach FL on Hutchinson Island in Saint Lucie County.

Oceana I was built in 1975 and is a 12 story building with 125 condos, while Oceana II was completed in 1980 with 16 stories and 160 units. Oceana II has two penthouse units with 3 bedrooms and 3 baths with a spacious 2,092 sq. ft. of living area. Also in building II, there are a few 2 bedroom 3 bath condos with 1,421 sq. ft. The remaining condos in both Oceana I and II are either 2 bedroom, 2 bath residences with 1,129 or 1,023 sq. ft. and some 1 bedroom, 2 bath condos with 899 sq. ft.

There are two pools and private beach access, along with BBQ grilling areas as well as gated entries and vehicle was areas.

Both buildings share a large clubhouse with fitness and game room, kitchen and bar and a large social area. 1 small pet is allowed as well as rentals with a 3-month minimum lease restriction. There are four tennis courts directly across the street as well as 2 RV/Boat parking areas. Trucks are also allowed.

Condo fees range from $410 to $550 per month depending on the size and location of the condo (as of July 2018). These fees cover Basic Cable TV, Common Areas, Elevator, Exterior Electric, Fire/Liability Insur, Grounds / Plants, Insurance-Bldg, Janitor, Laundry Facilities, Lawn Care, Manager, Parking, Pest Control, Pool Service, Recreational Facilities, Reserve Funds, Roof Maintenance, Security, Signs, Trash Removal and Water.

Click on this link to search for available Oceana North Condos in Jensen Beach

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

Oceana Oceanfront and North Condos July 2018 Market Report

Stuart FL 34994 Condo Market Report June 2018

07.16.18 by Gabe Sanders

Stuart FL 34994 Condo Market Report June 2018

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for June 2018

For June 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 83 active condo listings (Up by 2 condos from May).

55 Condo sales are pending and awaiting close or lender approval. (Decreased by 13 condos from last month)

25 Condos Sold in May (Decreased by 9 condos from May).

The Stuart FL 34994 Condo market continues to show very strong activity. Not quite as strong as last month, but still a ver active seller’s market. We could use a greater inventory of condos for sale.

The absorption rate for May rose to 3.3 months compared to last month’s 2.4. Remaining in a strong seller’s market for this condo segment of Stuart’s 34994 zip code area after one month of a seller’s market. Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months. Meaning neither the buyers or sellers have an advantage in the real estate market.

Last June the numbers were 90 active listings, 39 pending sales, and 21closed sales. The activity for this condo segment of the Stuart market remains more active when compared to last June.