Palm City FL 34990 Condo Market Report January 2018

02.19.18 by

Palm City FL 34990 Condo Market Report January 2018

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

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

There are currently 102 active condo listings. (Increased by 1 condos from December)

   Palm City FL 34990 Condo Market Report January 2018

9 Condo sales are pending and awaiting close or lender approval. (Down by 7 condos from last month)

Palm City FL 34990 Condo Market Report January 2018

15 Condos Sold in January. (Up by 5 condos from December)

Palm City FL 34990 Condo Market Report January 2018

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For January the market activity showed some positive gains with a nice increase in closed sales.  Unfortunately, pending sales were down which may indicate fewer closed sales in the coming months.

The current absorption rate for condos in the 34990 zip code area dropped to 6.8 months (was 10.1 months in July).  Into a balanced market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The January 2017 numbers were: 91 active listings, 8 pending sales, and 5 closed sales.  Considerably better activity this year with a higher inventory of available condos for sale.
Palm City FL 34990 Condo Market Report January 2018
Are you interested in the value of your Palm City FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

Stuart Florida Real Estate presented by:
Gabe Sanders

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report January 2018

Mariner Village February 2018 Real Estate Market Report

02.19.18 by

Mariner Village February 2018 Market Report

For February 2018, there are 2 homes for sale in the Mariner Village gated community of Stuart FL.  Listing prices are $329,900 and $339,900 for an average list price of $334,900 which equals $167.31 per sq. ft. of living area.

There are currently 4 homes with pending sales that have not closed to date.  These homes were listed for prices that ranged from $275,500 up to $310,000 for an average list price of $294,875 or $162.43 per sq. ft. of living area.  These homes averaged 32 days on market before going under contract.

In the past 12 months, 24 homes have sold in Mariner Village.  Sales prices ranged from a low of $250,000 up to a high of $325,000 for an average sales price of $286,788 which works out to $155.23 per sq. ft. of living area.  These homes sold for an average of 96% of the last list price and were active on the market for an average of 61 days prior to going under contract.

About Mariner Village:

Mariner Village sign

Mariner Village is a gated community in the very southern section of Stuart FL, adjacent to the Hobe Sound area of Martin County.  This community consists of 330 homes that were built between 1992 and 2000.  Home sizes range from 2 bedrooms, 2 bath homes with around 1,600 sq. ft. of living area up to 5 bedrooms, 4 bathroom homes with just under 3,000 sq. ft. of living area.

entrance to Mariner Village

Many homes have private preserve views and there are a number of homes with lake views.  All Mariner Village homes have 2 car garages and some have private in-ground swimming pools.

Community Pool in Mariner Village

Community amenities include a heated pool, 2 tennis courts, and 2 basketball courts as well as a nature trail through the preserves.

tennis courts in Mariner Village

The HOA fees include front lawn maintenance, basic Cable TV, trash pickup and maintenance of all the common areas. 2 large pets are permitted as well as rentals with some restrictions.

lake in Mariner Village

Mariner village is conveniently located close to shopping, restaurants, beaches, medical facilities and belong to Martin County’s ‘A’ rated school system

Mariner Village February 2018 Real Estate Market Report

Anglers Cove Condos February 2018 Market Report

02.18.18 by

Angler Cove Condos February 2018 Market Report

There are currently 2 Angler Cove condos available for sale.  List prices are $259,000 and $475,000 for an average list price of $367,000 which equals $243.54 per sq. ft. of living area.

There is 1 condo under contract at this time in Angler Cove.  It was listed for $264,900 which is $243.03 per sq. ft. of living area.  This condo was on the market for 333 days prior to going under contract.

In the past 12 months there have been 5 sales.  Sales prices ranged from $269,000 up to $365,000 for an average sales price of $304,667 which works out to $216.69 per sq. ft. of living area.  The list to sales prices averaged at 92%.  These condos averaged 83 days on market before going under contract.

(Please consider that some condos in Angler Cove have deeded docks and some don’t.  This can add to the wide disparity of both listing and sales prices)

About Angler Cove on Hutchinson Island in Stuart FL:

Angler Cove Condos on Hutchinson Island in Stuart Florida is a unique complex with 12 buildings amd 64 units surrounding a man made cove with deep water dockage for the boating enthusiast.

Units include spacious two bedroom units as well as a number of larger three bedroom townhome style homes.  Two buildings on the west side of the complex offer spectacular wide river views of the Intracoastal Waterway (Indian River).

Angler Cove Condos on Hutchinson Island

Most first floor units offer dockage just steps outside the living area.  Some second floor units have docks available throughout additional spaces in the cove as well as larger docks built out into the Indian River.

Amenities include a full time on-site manager and maintenance man.  A clubhouse with a large community pool, barbecue areas and some limited boat parking and deeded beach access.

Very well located just minutes to downtown Stuart  Shopping, restaurants and all other services just a short distance away.  An excellent place to call home or to have a Florida get-away for those cold winters up north!

Condo association fees vary from $450 to $560 per month.  The fees include Basic Cable Tv, Landscape/Lawn care, On Site Manager, Reserve Fund, Trash, Water and Sewer.

 Angler Cove Condos on Hutchinson Island

Search for all Anglers Cove Condos for Sale

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Stuart Florida Real Estate

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

Angler Cove Condos February 2016 Market Update

High Elevation Jensen Beach Home Just Listed

02.17.18 by

High Elevation Jensen Beach Home Just Listed

Jensen Beach High Elevation Home

High on a hill in beautiful Jensen Beach, you will find this vintage home that has been lovingly maintained by the current owner for over 25 years.  No need to worry about floods as this home sits 40’ above sea level yet within steps to marinas for those looking to take advantage of the great boating in Martin County.  This is a 2 bedroom, 2 bathroom home with a newer AC (2014), granite counter tops in the kitchen with newer stainless steel appliances (2017).  Fully fenced and a wonderful Zen-like garden in the backyard.  Close to shopping, beaches and professional offices and in a great school district.  An affordable gem in a hot real estate market.

Jensen Beach High Elevation Home Jensen Beach High Elevation Home

Jensen Beach High Elevation Home Jensen Beach High Elevation Home

Jensen Beach High Elevation Home Jensen Beach High Elevation Home

 

Click here to see all current Jensen Beach real estate

Presented by Gabe Sanders
Stuart Florida Real Estate

 High Elevation Jensen Beach Home Just Listed

Palm City FL 34990 Residential Market Report January 2018

02.16.18 by

Palm City FL 34990 Residential Market Report January 2018

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

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

 There are currently 416 active listings (Increased by 35 homes from December)

Palm City FL 34990 Residential Market Report January 2018

113 Residential sales are pending and awaiting close or lender approval. (Up by 17 homes from last month)

Palm City FL 34990 Residential Market Report January 2018

48 Homes Sold in December (Down by 18 home from December)

Palm City FL 34990 Residential Market Report January 2018

The Palm City FL, zip code 34990 residential real estate market showed a large drop in closed sales to start the year.  But both inventory, as well as pending sales, rose which should result in more sales in the coming months.
The monthly absorption rate jumped up to 8.7 months from 5.8 months in December.  Into a buyer’s market for the Palm City zip code 34990 area for residential sales for the first time in a while.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The January 2017 numbers were:  421 active listings, 125 pending sales, and 52 closed sales.  Slightly better activity last year, but not by much.

Palm City FL 34990 Residential Market Report January 2018

Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation

 Search here for Palm City Florida Real Estate for Sale:

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

 

Palm City FL 34990 Residential Market Report January 2018

Cedar Pointe Village 8 144-9 Under Contract

02.16.18 by

Cedar Pointe Village 8 144-9 Under Contract

Cedar Pointe Village 8 condo in building 144, Unit 9 listed for $139,000 is now under contract with the buyer brought to the community by Gabe Sanders

I’m sorry you missed this one, but more are available.  Give me a call at 772-323-6996!

 Cedar Pointe Village 8 Condo

This 2 bedroom 2 bathroom condo is truly turn-key and move-in ready and comes fully furnished in the active 55+ community of Cedar Pointe in Stuart FL. This condo was totally gutted and rebuilt in 2012 and only used seasonally. Featuring: Granite Island Kitchen, to-the-ceiling white cabinets, subway pattern tile back splash and upscale furnishings providing a clean, coastal look. The floor plan has been opened with tile on the diagonal, impact glass windows at the front. New windows and A/C added in the tiled Florida Room, creating more living space. New glass sliders and accordion shutters added between living area and Florida Room. New glass Storm Door with screen lets more light in. Beautiful view of Orchid tree right outside Florida Room. New lighting, knockdown textured ceilings, freshly painted inside and out. New roof 2013

  Cedar Pointe Village 8 Condo Cedar Pointe Village 8 Condo

Residents of Cedar Pointe live in one of the best locations in Stuart, Florida. Only 3 miles from Stuart Beach and several other fine beaches. Cedar Pointe Plaza is within walking distance of the Village. The Blake Library, The Fresh Market, Dollar Tree, Publix and many medical facilities are walkable. Several restaurants located right in the Plaza such as The Bagel Break, Alice’s, The Bistro and Florentino’s, & The Peacock. For great pizza and other Italian favorites try Camilla’s. Clothing stores such as Anthony’s and Bealls are local favorites. Several churches are close by. Martin Memorial Hospital is only a short drive.

  Cedar Pointe Village 8 Condo Cedar Pointe Village 8 Condo

The Historic Downtown Stuart offers many opportunities to dine and shop or just have fun. During the “Season” many outdoor activities and events are scheduled; free Art Festivals, Music Fests, and free concerts on the water front and at the Court House Gazebo.

Cedar Pointe condos in Stuart FL Cedar Pointe condos in Stuart FL

Several theaters are in the area. Across the street is The Barn, the oldest community theater in the area. The Lyric in Downtown Stuart has a variety of productions. The Sunrise in Ft. Pierce and the Kravitz in Palm Beach offer a fantastic collection of productions, including named stars, opera, musicals and comedy.

In “Season”, Cedar Pointe Villages have many social events; bingo, a variety of card games, Saturday breakfasts, hot dog/hamburger barbecues. And, occasionally a pot luck dinner. Singers and various musical groups from local schools enjoy performing here.

Cedar Pointe real estate in Stuart FL

Sports fans will not be disappointed. St. Lucie Mets Spring Training camp. Roger Dean Stadium in Jupiter for the Miami Marlins. Stuart is known as the Sailfish Capitol of the World. Bring or buy your fishing gear as you will have many opportunities to use it. The Annual Boat shows in the area. Fishing tournaments. Kayak and boat tours on the St. Lucie River. Is this not one of the many reasons you want to move here? Oh! Did I forget about golf? Great courses both county and private clubs abound.

Search for all Cedar Pointe Condos for Sale

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

Cedar Pointe Village 8 144-9 Under Contract

Stuart FL 34997 Condo Market Report January 2018

02.15.18 by

Stuart FL 34997 Condo Market Report January 2018

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

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

There are currently 56 active condo listings (Down by 1 condo from December).

Stuart FL 34997 Condo Market Report January 2018

35 Condo sales are pending and awaiting close or lender approval (Up by 18 condos from December).

Stuart FL 34997 Condo Market Report January 2018

8 Condos Sold in January (Decreased by 11 condos from December).

Stuart FL 34997 Condo Market Report January 2018

      The Stuart FL condo market for zip code 34997 Had a significant reduction of closed sales along with a very strong number of new pending sales indicating much better closed volume for the near future.

     The absorption rate jumped up to 7.0 months in January compared to 3.0 months for December.  Just about to become a buyer’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 January 2017 numbers were: 80 active listings, 34 pending sales, and 15 closed sales.  Weaker closed sales (on reduced inventory but much stronger pending sales.

Stuart FL 34997 Condo Market Report January 2018

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Stuart FL 34997 Condo Market Report January 2018

 

 

Wide Waterfront Home with Ocean Access Dock and Beach Access Reduced

02.15.18 by

Wide Waterfront Home with Ocean Access Dock and Beach Access Reduced

Spinnaker Point on Hutchinson Island

Now offered for $1,624,000, come and take advantage of this wonderful opportunity to own your own little slice of paradise. A wide river view home with a dock out your back door and private deeded access to the crystal clear waters of the Atlantic Ocean just across the street. This Kelly and Kelly designed custom home is located in the gated community of Spinnaker Point on Hutchinson Island in Stuart FL. A spacious two-story home with the master suite on the first floor. A total of 4 bedrooms plus a den/office and 3 full bathrooms and 2 half baths. A screened and heated pool overlooks the Intracoastal Waterway along with access to your own beach and dock. Located just about halfway between the Stuart and Jensen Beach causeways for exceptional access to both downtowns, shopping and the wonderful amenities that Martin County Florida offers. Spinnaker Point is a small 12 home association which reaches from the ocean to the river. “A” rated Martin County school systems and a pet-friendly community.

Spinnaker Point on Hutchinson Island Spinnaker Point on Hutchinson Island

About Spinnaker Point on Hutchinson Island:

Spinnaker Point on Hutchinson Island is easy to miss when driving by on Highway A-1-A in Stuart FL.  But, it is one of the gems for those who want both river and ocean access.  This gated community has 12 homes west of the road and 2 lots that have yet to be built upon on the ocean side.

Spinnaker Point on Hutchinson Island Spinnaker Point on Hutchinson Island

Four of these homes enjoy being on the Intracoastal Waterway (also known as the Indian River) and have deeded docks with ocean access (no fixed low bridges) through the Saint Lucie Inlet just a little under 5 miles south. The remaining 8 homes have access to the community pier and a few have deeded docks as well.

Spinnaker Point on Hutchinson Island Spinnaker Point on Hutchinson Island

All the homes are built in the Key West style and were built between 1991 and 2001.  Home sizes range from a 3 bedroom, 2 bathroom home with a 2 car garage up to a 5 bedroom, 6 bathroom home with a 2 and ½ car garage.  There is deeded access to the ocean with a boardwalk leading over the dunes.  All ages and pets are permitted in Spinnaker Point.  HOA fee as of February 2018 is $167 per month.

Spinnaker Point on Hutchinson Island Spinnaker Point on Hutchinson Island

School-age children attend the Felix A Williams elementary school, Stuart middle school, and Jensen Beach high school.

Spinnaker Point on Hutchinson Island Spinnaker Point on Hutchinson Island

Located approximately half way between the Stuart and Jensen beach causeways making it easy to enjoy the restaurants, shopping, and amenities that both areas have to offer.

Spinnaker Point on Hutchinson Island Spinnaker Point on Hutchinson Island

Spinnaker Point homes do not come on the market often, so click on the following link to see if any are currently available:

Homes for Sale in Spinnaker Point on Hutchinson Island

Wide Waterfront Home with Ocean Access Dock and Beach Access Reduced

Stuart FL 34997 Residential Market Report January 2018

02.14.18 by

Stuart FL 34997 Residential Market Report January 2018

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

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

There are currently 292 active listings (Increased by 12 homes from December).

Stuart FL 34997 Residential Market Report January 2018

144 Residential sales are pending and awaiting close or lender approval (Increased by 13 homes from December).

Stuart FL 34997 Residential Market Report January 2018

58 Homes Sold in January (Decreased by 23 homes from December)

Stuart FL 34997 Residential Market Report January 2018

      The Stuart Florida Residential Market for ZIP Code 34997 had a fairly large drop in closed sales but this is still one of the most active markets in Martin County residential real estate.
     The absorption rate jumped up to 5.0 months (was 3.4 months for December).  Still in a seller’s market for the 34997 zip code area of Stuart for January 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 January, were: 354 active listings, 169 pending listings, and 61 closed sales.  Somewhat stronger volume last year but this was with a considerably larger inventory of homes for sale.
Stuart FL 34997 Residential Market Report January 2018

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

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

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

Stuart FL 34997 Residential Market Report January 2018

 

Indian Pines February 2018 Market Report

02.14.18 by

Indian Pines February 2018 Market Report

There are 3 condos available for purchase in Indian Pines in Stuart FL for February 2018.  List prices range from $120,000 up to $174,500 for an average list price of $141,467 which equals $111.57 per square foot of living area.

There is one condo currently under contract.  This condo was listed for $133,000 or $128.63 per square foot of living area which was on the market for only 9 days prior to going under contract.

In the past 12 months, 12 condos have sold in Indian Pines.  Sales prices ranged from a low of $100,500 up to a high of $154,000 for an average sales price of $120,875 which works out to $107.99 per square foot of living area.  These condos averaged 20 days on the market prior to going under contract and sold for an average of 92% of list price.

About Indian Pines Condos in Stuart FL:

Indian Pines Condos in Stuart FL

Centrally located in Stuart off of Indian Street on Aster Lane lies the Indian Pines condominiums.  This complex consists of 20 buildings in two ovals surrounding two lakes.  This unique arrangement gives every condo in this complex water views.

Indian Pines Condos in Stuart FL Indian Pines Condos in Stuart FL

Built from 1981 through 1986, Indian Pines are two-story buildings with mostly 2 bedrooms, 2 bathrooms condos, though there are a few 3 bedroom and 1 bedroom units as well.  The 3 bedroom condos have 1,542 sq. ft. of living area, 2 bedroom units vary from 1,251 down to 1,019 sq. ft., while the 1 bedroom condos have 1,011 sq. ft.

There’s a heated pool, clubhouse, and two tennis courts as well as ample parking with some buildings offering covered carports.

Indian Pines Condos in Stuart FL Indian Pines Condos in Stuart FL

As of February 2018, the condo association fees were around $360 a month for two bedroom condos and less for the few one-bedroom units that occasionally come up for sale.  These fees may vary as different buildings have different reserve setups and management and cover water and sewer, common areas, building insurance and maintenance, basic cable TV, landscaping and lawn service, trash pickup and reserve funds.

Indian Pines Condos in Stuart FL Indian Pines Condos in Stuart FL

All ages are welcome.  Rentals are allowed in Indian Pines with some restrictions. And, this is one of the few condos in the area that allows up to 2 large pets per owner.  Children who live in Indian Pines are zoned to attend J. D. Parker Elementary School, the Dr. David L. Anderson Middle School, and the Martin County High School.

Indian Pines Condos in Stuart FL

Indian Pines is very conveniently located close to shopping, restaurants and medical facilities.  Only a few more minutes to either the beaches or boat ramps of Martin County or to I-95 for those needing to take a trip either north or south.

Check here for any Indian Pines condos that are currently available for sale


View all of our Listings

Stuart FL Real Estate is presented by:
Gabe Sanders, Real Estate of Florida

Indian Pines February 2018 Market Report

Stuart FL 34996 Condo Market Report January 2018

02.13.18 by

Stuart FL 34996 Condo Market Report January 2018

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

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

There are currently 140 active condo listings (Up by 6 condos from last month).

Stuart FL 34996 Condo Market Report January 2018

52 Condo sales are pending and awaiting close or lender approval (Increased by 17 condos from December).

Stuart FL 34996 Condo Market Report January 2018

17 Condos Sold in January (Down by 3 condos from December) 

Stuart FL 34996 Condo Market Report January 2018

The Stuart FL 34996 Condo Market of Stuart had a weaker month of closed sales but also a nice jump in pending sales which should translate to better closed numbers in the coming months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 jumped up to 8.2 months from December’s 6.7 months.  Back into a buyer’s 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 January 2017 were: 170 active listings, 31 pending sales and 22 closed sales.  Lower sales volume this year along with reduced inventory but considerable greater number of pending sales.

Stuart FL 34996 Condo Market Report January 2018

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

Search Stuart FL Condos Here

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report January 2018

Highlands Reserve February 2018 Market Update

02.13.18 by

Highlands Reserve February 2018 Market Update

There are currently 4 homes actively listed in Highlands Reserve for August of 2017 in Palm City, Florida.  Prices range from $464,900 up to $679,000.  The average list price is $542,219 which equals $148.83 per square foot of living area.

There are 6 homes under contract awaiting closing.  These homes were listed from a low of $398,500 up to $1,399,000 for an average list price of $701,082 or $217.45 per sq. ft. of living area.  These homes went under contract in an average of 107 days after they were listed.

In the past 12 months, 24 homes have sold in Highlands Reserve with an average sales price of $459,270 which works out to $146.68 per square foot of living area.  These sales prices ranged from $330,000 up to $800,000 withthe homes averaging 110 days on market prior to going under contract and selling at 97% of listed price.

About Highlands Reserve in Palm City FL:

Highlands Reserve real estate in Palm City FL

 Highlands Reserve is one of the newest upscale communities in this section of Martin County. Enter the magnificent gates and surround yourself with the well appointed amenities of the clubhouse and natural beauty of this community. Included are paths into winding nature trails will offer dramatic views of surrounding natural preserves and serene lakes.

Highlands Reserve real estate in Palm City FL Highlands Reserve real estate in Palm City FL

Located only seconds from I-95 and within minutes of shopping, beaches and the laid back easy lifestyle of Martin County. Perfect for the family with an ‘A’ rated school system. Only 30 minutes to West Palm Beach and 2 hours to Orlando.

Highlands Reserve real estate in Palm City FL Highlands Reserve real estate in Palm City FL

Low HOA fees of $315.00 per month include landscaping and irrigation as well as the security gate, use of the full service clubhouse with large pool and state of the art fitness center.  Lounge and kitchen for private parties and occasions.

Highlands Reserve real estate in Palm City FL

Highlands Reserve is a D. R. Horton community and new construction homes are still available.  There are usually some excellent offers available through Realtors.  Call us today for our new construction special rebate program.

Highlands Reserve real estate in Palm City FL

Give us a call for the full line of exceptional new homes available in Highland Reserve in Palm City, FL.

Search for Highlands Reserve Homes for Sale

the Gabe Sanders real estate team

Stuart Florida Real Estate

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

Highlands Reserve February 2018 Market Update

Stuart FL 34996 Residential Market Report January 2018

02.12.18 by

Stuart FL 34996 Residential Market Report January 2018

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

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

There are currently 146 active listings (Increased by 5 homes from December).

Stuart FL 34996 Residential Market Report January 2018

37 Residential sales are pending and awaiting close or lender approval (Unchanged from December).

Stuart FL 34996 Residential Market Report January 2018

15 Homes Sold in January (Up by 1 homes from December).

Stuart FL 34996 Residential Market Report January 2018

The 34996 zip code area of the Stuart Florida residential real estate showed a small increase in inventory and slightly better-closed sales.  There’s a good number of pending sales which will hopefully translate to higher closed volume in the coming months.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for January decreased slightly to 9.7 months as compared to December’s 10.1 months.  Still a buyer’s market for the 34996 zip code area of Stuart FL.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for January of 2017 were: 180 active listings, 43 pending sales, and 10 closed sales.  Considerably lower inventory this year but better sales volume and slightly lower pending volume.

Stuart FL 34996 Residential Market Report January 2018

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

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

Stuart Florida Real Estate presented by:

Gabe Sanders – Stuart Florida Real Estate

Stuart FL 34996 Residential Market Report January 2018

Inlet Village February 2018 Condo Real Estate Market Report

02.12.18 by

Inlet Village February 2018 Condo Real Estate Market Report

There are 5 condos for sale in the Inlet Village Condominiums of Indian River Plantation on Hutchinson Island in Stuart FL for February 2018.  List prices range from $219,900 up to $304,000 for an average list price of $261,560 which is $239.28 per sq. ft. of living area.

There are 2 condos currently under contract.  These condos were listed for $226,000 and $325,000 for an average list price of $275,500 which is $233.19 per sq. ft. of living area.  These two condos averaged 11 days on the market prior to going under contract.

In the past 12 months, 7 condos have sold in Inlet Village.  Sales prices ranged from $150,000 up to $320,000 for an average sales price of $230,500 which equal $219.53 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 98 days prior to going under contract.

About Inlet Village Condos on Hutchinson Island in Stuart FL:

Inlet Village is located near the South end of Hutchinson Island in Stuart, Florida.  Just 40 minutes North of Palm Beach International Airport. Inlet Village consists of three 4 story buildings.  Two of which overlook the wide Indian River (Intracoastal Waterway) and the other with seeping views of lakes and the Indian River Plantation golf course.

Inlet Village in Indian River Plantation

Within easy walking distance to the Indian River Plantation Marriott Resort where you can enjoy guest privileges such as golf, tennis, water sports, spa, fitness center, hotel dining and the delightful sandy beaches of the Atlantic Ocean! At the beach there is a tiki bar/restaurant where you can enjoy tropical drinks and/or have a enjoyable lunch.

Inlet Village in Indian River Plantation

Inlet Village is one of the few pet friendly condo associations that allow up to two large pets per condo.  Liberal rental rules will also allow rentals as short as one month.  The Condo fees (as of February 2018) were $500 a month and cover the common areas as well as building insurance and outside maintenance as well as water and sewer.

Search for Inlet Village Condos for Sale

Additional Indian River Plantation Condos you may wish to consider:
Bayview – Beachwalk – Dunes Club – Fairway Villas – Lakeside – Ocean House – Ocean Terrace – Plantation Club Villas – Plantation House – Resort Villas – River Village – Riverbend – Riverwood – Tennis Villas

Inlet Village February 2018 Condo Real Estate Market Report

High Elevation Jensen Beach Home Coming Soon

02.11.18 by

2328 NE Center Circle, Jensen Beach, Florida

2328 NE Center Circle in Jensen Beach FL

$ Click for current price
2 BEDROOMS | 2 (2 full ) BATHROOMS | 1478 SQUARE FEET

High on a hill in beautiful Jensen Beach, you will find this vintage home that has been lovingly maintained by the current owner of over 25 years.  No need to worry about floods as this home sits 40’ above sea level yet within steps to marinas for those looking to take advantage of the great boating in Martin County.  This is a 2 bedroom, 2 bathroom home with a newer AC (2014), granite countertops in the kitchen with newer stainless steel appliances (2017).  Fully fenced and a wonderful Zen-like garden in the backyard.  Close to shopping, beaches and professional offices and in a great school district.  An affordable gem in a hot real estate market.

High Elevation Jensen Beach Home Coming Soon

Spinnaker Point February 2018 Market Report

02.11.18 by

Spinnaker Point February 2018 Market Report

There is one home for sale in Spinnaker Point on Hutchinson Island in February 2018.  This home is listed for $1,649,000 which equals $482.02 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months, 2 Spinnaker Point homes have sold.  Sales prices were $980,000 and $2,525,000 for an average sales price of $1,752,500 or $385.66 per sq. ft. of living area.  These homes averaged 232 days on the market before going under contract and sold for an average of 93% of list price.

About SpinakerPoint on Hutchinson Island:

Spinnaker Point on Hutchinson Island

Spinnaker Point on Hutchinson Island is easy to miss when driving buy on Highway A-1-A in Stuart FL.  But, it is one of the gems for those who want both river and ocean access.  This gated community has 12 homes west of the road and 2 lots that have yet to be built upon on the ocean side.

Spinnaker Point on Hutchinson Island

Four of these homes enjoy being on the Intracoastal Waterway (also known as the Indian River) and have deeded docks with ocean access (no fixed low bridges) through the Saint Lucie Inlet just a little under 5 miles south. The remaining 8 homes have access to the community pier and a few have deeded docks as well.

Spinnaker Point on Hutchinson Island

All the homes are built in the Key West style and were built between 1991 and 2001.  Home sizes range from a 3 bedroom, 2 bathroom home with a 2 car garage up to a 5 bedroom, 6 bathroom home with a 2 and ½ car garage.  There is deeded access to the ocean with a boardwalk leading over the dunes.  All ages and pets are permitted in Spinnaker Point.  HOA fee as of February 2018 is $167 per month.

Spinnaker Point on Hutchinson Island

School-age children attend the Felix A Williams elementary school, Stuart middle school, and Jensen Beach high school.

Spinnaker Point on Hutchinson Island Spinnaker Point on Hutchinson Island

Located approximately half way between the Stuart and Jensen beach causeways making it easy to enjoy the restaurants, shopping, and amenities that both areas have to offer.

Spinnaker Point homes do not come on the market often, so click on the following link to see if any are currently available:

Homes for Sale in Spinnaker Point on Hutchinson Island


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Stuart FL Real Estate is presented by:
Gabe Sanders, Real Estate of Florida

Spinnaker Point February 2018 Market Report

Foxwood Stuart FL February 2018 Market Update

02.10.18 by

Foxwood Stuart FL February 2018 Market Update

 As of February 2018, there are 2 homes on the market in the Foxwood equestrian community in Stuart, FL.  List prices are $419,900 and $549,900 for an average list price of $484,900 which works out to $206.86 per sq. ft. of living area.

There is 1 home under contract at this time.  It was listed for $624,900 or $226.91 per sq. ft. of living area.  This home was on the market for 56 days before going under contract.

In the past 12 months there were a total of 7 sales in this sought after Stuart community.  Sales prices ranged from $285,000 to $445,000 for an average of $$372,843 which equals $150.14 per sq. ft. of living area.  These sales averaged a sales price of 97% of the last list price and took an average of 73 days on the market before going under contract.

About Foxwood in Stuart FL:

Foxwood in Stuart Florida

Foxwood is located just west of I-95 on Pratt and Whitney road in Western Stuart Florida.  It consists of 109 home sites that are all 2 acres or larger.  Horses are permitted with a zoning of one horse per acre.   Foxwood was designed with Florida’s natural environment in mind.  Every Foxwood home is custom built with the residents encouraged to keep some natural habitat in place.  Recently, a rare Florida Panther was seen going through Foxwood.

Foxwood Stuart FL

Association fees are a very reasonable $450 per year.  These fees cover maintenance of the private roads, sanitation and management fees.  More information about the Foxwood Property Association can be found at this community’s property association web site: Foxwood Property Association of Stuart Florida

Foxwood Stuart FL

Construction of homes in Foxwood began in 1978.  Four phase of development ended with the last phase commencing in 1990.  Most lots have been developed with just a handful of vacant lots left of which currently none are available for sale (as of this writing).

Foxwood is located less than a mile from the ‘A’ Rated South Fork High School with easy access to Palm Beach County and only 15 minutes to downtown Stuart and the pristine beaches of Martin County.

A perfect place to call home for those who desire some room to roam yet be close to shopping, restaurants and other urban areas.

Currently Available Homes in Foxwood

Search the Martin County MLS

For more information about this and other Martin County communities contact:
Gabe Sanders

Stuart Florida Real Estate

Residential Homes, Condos and Land with special emphasis on Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Foxwood Stuart FL February 2018 Market Update

Stuart FL 34994 Condo Market Report January 2018

02.09.18 by

Stuart FL 34994 Condo Market Report January 2018 

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

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

There are currently 113 active condo listings (Up by 22 condos from December).

Stuart FL 34994 Condo Market Report January 2018

51 Condo sales are pending and awaiting close or lender approval. (Increased by 16 condos from last month) 

Stuart FL 34994 Condo Market Report January 2018

19 Condos Sold in December (Increased by 4 condos from December).

Stuart FL 34994 Condo Market Report January 2018

The Stuart FL 34994 Condo market had a very strong opening for the year with all activity increasing.

The absorption rate for December decreased to 5.9 months compared to last month’s 6.1.  Inching back into a 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 January the numbers were 91 active listings, 40 pending sales, and 18 closed sales.  Very similar activity compared to last year but with a slightly higher inventory of available condos for sale.

Stuart FL 34994 Condo Market Report January 2018

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

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Stuart FL 34994 Condo Market Report January 2018 

 

Gull Harbor February 2018 Market Report

02.09.18 by

Gull Harbor February 2018 Market Report

There is currently 1 home for sale in Gull Harbor in Palm City FL.  This home is listed for $434,900 or $193.12 per sq. ft. of living area.

Currently, there are no homes under contract in this community.

In the past 12 months, there have been 2 sales in Gull Harbor.  These homes sold for $530,000 and $679,950 which equals an average sales price of $604,975 and works out to $284.42 per sq. ft. of living area.  These sales prices were 98% of the last list price and these homes averaged 141 days on the market before going under contract.

About Gull Harbor Real Estate in Palm City FL

The Gull Harbor community of Palm City consists of mostly waterfront homes on the shores of the South Fork of the Saint Lucie River as well as an exceptionally wide and deep canal off the river.  This is a non-gated neighborhood with 43 homes and no HOA or deed restrictions.  Of these 43 homes, only 4 do not have access to a dock in their backyards.

Gull Harbor in Palm City FL
Google Earth image

The first home built in Gull Harbor was in 1961 and the last was completed in 2014.  There is one residential lot left in Gull Harbor that has not been built upon.  Homes range in size from as small as just over 1,300 sq. ft. of living area with 3 bedrooms and 2 bathrooms up to a 5 bedroom, 3 bathroom home with just under 5,000 sq. ft. of space for living area.

Children attend Bessey Creek Elementary, Hidden Oak Middle and Martin County High Schools.  All of which are considered to be excellent schools in Florida.

Gull Harbor real estate in Palm City FL

Gull Harbor lies just east of Mapp Rd (North of Martin Downs Blvd), see the map below.  Very convenient location with easy access to downtown Stuart, FL or Florida’s Turnpike for commuters and with many choices for shopping, entertainment and other amenities close by.

Click on this link to search for available Gull Harbor Homes for Sale

Stuart Florida 34994 Residential Market Report January 2018

02.08.18 by

Stuart Florida 34994 Residential Market Report January 2018

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for January 2018

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

There are currently 86 active listings (Down by 3 homes from December)

Stuart Florida 34994 Residential Market Report January 2018

38 Residential sales are pending and awaiting close or lender approval (Increased by 17 homes from last month).

Stuart Florida 34994 Residential Market Report January 2018

11 Homes Sold in December (Decreased by 3 homes from December)

Stuart Florida 34994 Residential Market Report January 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues to gain inventory while sales are not keeping up with this increased volume of available homes for sale.  I expect this to abate as we have a strong volume of pending sales.

The one-month absorption rate for the 34994 zip code for December rose to 7.8 months from 6.4 months for December.  Entering into a buyer’s market for the 34994 zip code area of Stuart, FL.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The January 2017 numbers were 74 Active Listings, 22 pending sales, and 7 closed sales.  Considerably stronger activity this January with a greater inventory of available homes for sale.

Stuart Florida 34994 Residential Market Report January 2018

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

Search here for Stuart Florida Real Estate for Sale

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

Stuart, FL Real Estate

Business Opportunity Properties

Commercial Properties

Land Properties

Rental Properties

Residential Properties

Residential Income Properties

Stuart Florida 34994 Residential Real Estate Market Report January 2018