Florida Townhouses and Condos August 2017 Market Report

10.03.17 by

Florida Townhouses and Condos August 2017 Market Report

The Florida Townhouses and Condos Market Report for August 2017 showed continued growth when compared to last year with a nice rise in new pending sales.   Closed sales were up by 2.6% as compared to last month’s increase of 3.6% and new sales under contract (new pending sales) increased by 8.1% (In July there was a 3.6% increase).

Prices continue to go up.  Median sales prices were up by 6.3% (was up by 6.8% in July), while the average sales price increased by 5.5% (was up 9.8% in July).

The inventory of active listings decreased by 3.1% from August of last year.  For August 2017 we have 5.4 months of inventory (was 5.6 months in July) and compared to 5.7 months for August 2016.  We remain in a slight seller’s 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 August 2017 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 August 2017 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 August 2017 Market Report

The Evergreen Club September 2017 Market Report

10.03.17 by

The Evergreen Club September 2017 Market Report

There are 8 homes on the market in the Evergreen Club in late September of 2017.  List prices range from $345,000 up to $662,482 for an average list price of $521,858 or $196.38 per sq. ft. of living space.

There are 7 homes under contract.  These homes were listed from $379,900 up to $499,500 for an average list price of $451,780 which works out to $156.44 per sq. ft. of living area.  These homes went under contract in an average of 73 days after being listed.

In the past 12 months, 18 homes have sold in the Evergreen Club.  Sales prices ranged from $330,000 up to $637,500 for an average sales price of $458,318 which equals $164.01 per sq. ft. of living area.  These homes sold for an average of 95% of list price with an average of 59 days on market.

About the Evergreen Club Palm City Florida

Evergreen Club Real Estate in Palm City Florida

Search for Evergreen Club Real Estate

Nestled in a secluded corner of Palm City, The Evergreen Club is an elegant gated community that it’s residents love to call home.  The community is close to it all; ‘A’ rated schools, boat ramps, theatres, fantastic local restaurants, shopping, and beautiful beaches!

The Evergreen Club is known for its 18-hole championship golf course that does not require an expensive membership to play.  Every home is unique and will be sure to have something special about it that will charm you.  Located on a beautiful 520 acre parcel, each of the 299 homes feature at least one acre of land for a spacious non crowded feeling!  Enjoy all the beautiful Florida sights that The Evergreen Club has to offer, you may find yourself rarely wanting to leave home!  Golf club membership is not mandatory but if you are a member of The Evergreen Club you will enjoy full golf privileges, dining privileges and fun social events. There are no dining minimums, no assessments or large down payments.

Search for Evergreen Club Real Estate

The Evergreen Club

Florida Single Family Homes August 2017 Market Report

10.02.17 by

Florida Single Family Homes August 2017 Market Report

The Florida Single Family Homes Market Report for August 2017 continues to improve as compared to last August though at a reduced rate from the past few years and months.  Closed sales were up by 0.9% (were up by 2.0% in July) and new sales under contract (new pending sales) were up by 2.2% (were up by 3.3% in July).

Both the median and average sales prices continued to rise when compared to last year.  Up by 6.7% and 7.7% respectively, compared to July’s 7.1% and 5.7%.

The inventory of available homes for sale fell by 4.5% from last year.  For August there was a 3.8 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (August of 2016 had a 4.1 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 is once again decreasing which continues to put pressure on rising prices and sales.

Florida Single Family Homes August 2017 Market Detail

Click here to view or download the full report:

Florida Single Family Homes August 2017 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 Single Family Homes August 2017 Market Report

Sandpebble Condos Hutchinson Island September 2017 Market Report

10.02.17 by

Sandpebble Condos Hutchinson Island September 2017 Market Report

September 2017 Market Update for the Sandpebble Condo and Beach Club on Hutchinson Island in Stuart, Florida:

There are currently no active listings in Sandpebble.

There are 2 pending Sandpebble condo sales.  One on the riverside and one is oceanfront.  List prices are $319,000 and $459,000 which averages to $389,000 or $310.15 per sq. ft. of living area.  These condos averaged only 2 days on the market before going under contract.

In the past 12 months, 11 Sandpebble condos have sold.  7 on the riverside and 4 on the ocean side.  Sales prices ranged from $255,000 to $428,500 for an average sales price of $317,355 which works equals $260.50 per sq. ft.  These sales averaged 96% of list price and went under contract after an average of 98 days on market.

Hutchinson Island Condos in Sandpebble, Stuart, Florida


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

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

Hutchinson Island Condos in Sandpebble, Stuart, Florida


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

Hutchinson Island Condos in Sandpebble, Stuart, Florida

 

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

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

 

Search the MLS for Sandpebble Condos

Sandpebble Condos Hutchinson Island September 2017 Market Report

Gabe’s October 2017 HouseCalls Newsletter

10.01.17 by

Gabe’s October 2017 HouseCalls Newsletter

Click on the image below to view or download my October 2017 HouseCalls Newsletter:

 Gabe's October HouseCalls Newsletter

Click here to download the full PDF of our August 2017 HouseCalls Newsletter

You can see all the past issues here:

HouseCalls Archive

Search here for Stuart Florida Real estate

Gabe’s October 2017 HouseCalls Newsletter

Lake Grove September 2017 Market Report

10.01.17 by

Lake Grove September 2017 Market Report

There are currently 3 homes for sale in Lake Grove of Palm City, FL. List prices range from $449,900 up to $749,900. The average list price equals $583,940 which is $191.92 per sq. ft. of living area.

There are no homes currently under contract in Lake Grove.

In the past 12 months, 4 homes have sold in the Lake Grove. Sale prices ranged from $485,000 up to $555,000 with an average sale price of $513,000 or $172.82 per sq. ft. of living area.  These homes averaged 67 days on market prior to accepting these sales offers and sold for an average of 96% of the last listed price.

 

Located south on Mapp Road in Palm City is the community of Lake grove which is comprised of 64 homes built around a square shaped lake.  Lake Grove lies in a lovely private location will all home sites on at least ½ acre of land.

Homes range in sizes from over 4,500 sq. ft. of living space with 5 bedrooms, 4 baths and a three car garage down to just over 2,000 sq. ft. homes with 3 bedrooms and two bathrooms and 2 car garages.  As of September 2017, the Lake Grove HOA fees are a very reasonable $275 per quarter.

The common areas include two tennis courts, landscaped common areas and a fishing dock on the lake.  There’s also a dedicated trailer/RV/boat parking lot for residents.

Lake Grove children attend ‘A’ rated Martin County Schools and are currently zoned for the Palm City Elementary School, Hidden Oaks Middle School and Martin County High School.  (To search for homes within Martin County school districts visit my school search pages here.)

Click here to see the currently available Lake Grove Homes for Sale

If you like the Lake grove community, you may also have an interest in its sister community: Orchid Bay.

Click here for the current Orchid Bay Homes for Sale

Lake Grove September 2017 Market Report

Hobe Sound FL 33455 Condo Market Report August 2017

09.29.17 by

Hobe Sound FL 33455 Condo Market Report August 2017

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for August 2017

 

For August 2017 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 15 active condo listings. (Decreased by 4 condos from July)

Hobe Sound FL 33455 Condo Market Report August 2017

4 Condos are pending and awaiting close. (Up by 1 condo from July)

Hobe Sound FL 33455 Condo Market Report August 2017

6 Condos sold in August. (Increased by 6 condos from July)

 Hobe Sound FL 33455 Condo Market Report August 2017

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  A nice increase in sales for the month as compared to no sales for July.

The absorption rate for Hobe Sound condos was 5 months for August as compared to no sales in July). 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 August 2016 numbers were: 4 active listings, 5 pending sales, and 3 closed sales.  Better overall activity this year when compared to last year.

Hobe Sound FL 33455 Condo Market Report August 2017

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report August 2017

de la Bahia Waterfront Condos September 2017 Market Report

09.29.17 by

de la Bahia Waterfront Condos September 2017 Market Report

For September 2017 there are 3 condos available for sale in de la Bahia.  These condos range in list price from $113,900 up to $129,900 for an average list price of $121,267 which equals $157.50 per sq. ft. of living area.

There are 4 condos currently under contract.  Listing prices ranged from $98,000 up to $125,000 for an average list price of $111,950 or $149.02 per sq. ft. of living area.  These condos averaged 89 days on the market before going under contract.

In the last 12 months, 19 condos have sold.  Sales prices ranged from $88,000 up to $182,000 for an average sales price of $115,811 which works out to $141.72 per sq. ft. of living area.  These condos sold for an average of 93% of list price and went under contract in an average of 95 days on market.

About the de la Bahia Waterfront Condos:

The de la Bahia condo complex is located on Kanner Hwy just west of Monterey Road in Stuart which is in Martin County, Florida. This waterfront 55+ boating community lies on the shore of the south fork of the Saint Lucie River which also becomes the Okeechobee Waterway as it goes west.

de la Bahia Waterfront Condos

The condos consist of 1 bedroom 1 and 1/2 bath, 2 bedroom 1 and 1/2 bath and 2 bedroom 2 bath condos.  Condo fees run from $223 to $340 per month depending on the size of the condo.  These fees include Cable, Common Areas, Grounds / Plants, Insurance-Bldg, Lawn Care, Maintenance Exterior, Reserve Funds, Roof Maintenance, Sewer, Trash Removal and Water.

de la Bahia Waterfront Condos

This prime location is approximately 40 minutes North of West Palm Beach, and 100 miles north of Miami. Very conveniently located near many restaurants, stores, and medical facilities.

de la Bahia Waterfront Condos

The de la Bahia condominium complex is made up of 303 residences, 231 docks, a pool, a clubhouse, shuffleboard courts, and a yacht club for the residents. The marina is for the use of residents only, and for those condos that don’t have a deeded dock, there are vacant ones available for use.  Rental charges for the use of docks are not allowed, so there won’t be any charges.

de la Bahia Waterfront Condos

There’s a very active winter season, which normally includes two dinner dances a month, golf and bowling leagues, bingo, euchre, bridge, exercise class, knitting & stitching. The pool is heated and is a great place to meet people, swim, sunbathe, or even join in playing a board game of your choice. And the library has a good selection of books to read if you prefer to enjoy a quiet peaceful afternoon.

de la Bahia Waterfront Condos

The Yacht Club has monthly meetings with a guest speaker, raft-ups, picnics, luncheon cruises, gambling cruises, two socials, and for the last few years has sponsored a 3 to 5 day cruise in January. Membership is open to de la Bahia renters and owners only, boat ownership is not required and dues are very reasonable.

Click here to see the available condos for sale in de la Bahia

Hobe Sound FL 33455 Residential Market Report August 2017

09.28.17 by

Hobe Sound FL 33455 Residential Market Report August 2017

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for August 2017

  For August 2017 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 173 active listings. (Decreased by 35 homes from July)

Hobe Sound FL 33455 Residential Market Report August 2017

62 Residential sales are pending and awaiting close  (Down by 20 homes from July)

Hobe Sound FL 33455 Residential Market Report August 2017

52 Homes Sold in August (Up by 19 homes from last month)

Hobe Sound FL 33455 Residential Market Report August 2017

The Hobe Sound Florida Market Report ZIP Code 33455 lost the inventory it gained last month on improved sales volume but also showed a reduced pending sales volume.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 3.3 months ( 6.3 months in July).  Back into a seller’s market after a brief month as a balanced market for Hobe Sound residential real estate.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for August 2016 were:  172 active listings, 89 pending sales, and 60 closed sales.  Better volume of closed sales last year with better pending sales this year and just about the same inventory.

Hobe Sound FL 33455 Residential Market Report August 2017

Search here for Hobe Sound Florida Real Estate for Sale

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

Hobe Sound FL 33455 Residential Market Report August 2017

Quail Meadow September 2017 Market Report

09.28.17 by

Quail Meadow September 2017 Market Report

There are 3 townhomes currently available for sale in Quail Meadow in the Martin Downs community of Palm City FL.  These homes are available from $185,000 up to $245,000 for an average list price of $214,667 which is $140.23 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months, 9 homes have sold.  Sales prices were from a low of $165,000 up to $232,450 for an average sales price of $183,083 which works out to $116.58 per sq. ft. of living area.  These townhomes averaged 41 days on market before going under contract and sold for an average of 97% of the last list price.

About Quail Meadow in Martin Downs

Located in the beautiful Martin Downs Country Club, Quail Meadow consists of 84 townhome/villas in 14 buildings with 6 attached units in each building.  Quail Meadow was completed in 1983 and represents its own subdivision within the Martin Downs Country Club.  Many of these homes enjoy beautiful lake and golf course views.

entrance to Quail Meadow in Martin Downs

All of these homes have a 1 car garage and some are single story villas while others are two story style townhouses.   Sizes range from 3 bedroom, 3 bathroom homes with 1,654 sq. ft. of living area down to 2 bedroom, 2 bathroom villas with 1,331 sq. ft.

front view of Quail Meadow in Martin Downs

The HOA fee is $308 per month and this includes a 24 manned security gate and security patrols, management fees, basic cable TV, common areas and exterior maintenance.   This is a pet friendly community allowing up to two medium sized pets per unit.  Rentals are also permitted with some restrictions as to frequency and duration.

Pond in Quail Meadow in Martin Downs

Residents of Quail Meadow have the option of joining the golf club in Martin Downs as well as the Martin Downs sports complex.  Or, they are free to just enjoy the great location which is very close to Florida’s Turnpike and I-95 and shopping, restaurants, professional offices and medical facilities.

views from Quail Meadow in Martin Downs

Click here to see if any Quail Meadow homes are available for sale

Quail Meadow September 2017 Market Report

Jensen Beach FL 34957 Condo Market Report August 2017

09.27.17 by

Jensen Beach FL 34957 Condo Market Report August 2017

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for August 2017

For August 2017 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):



There are currently 80 active listings. (Decreased by 13 condos from July)

Jensen Beach FL 34957 Condo Market Report August 2017

41 Condo sales are pending and awaiting settlement. (Up by 6 condos from July)

Jensen Beach FL 34957 Condo Market Report August 2017

26 Condos Sold (Down by 6 condos from July)

Jensen Beach FL 34957 Condo Market Report August 2017

 The Jensen Beach FL 34957 Condo Market Report for August shows a continuing active market though the inventory continues to decline making for fewer available condos available to purchase.  Pending sales were up for the month while closed sales were off, yet still a very hot area.

The one month absorption rate for the August 2017, Jensen Beach Florida Market Report ZIP Code 34957 inched up to 3.1 months (from 2.9 months in July), still a very stronger seller’s market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The August 2016 numbers were: 112 active listings, 38 pending sales and 25 condos closed.  Much stronger activity this year with reduced inventory.  Impressive activity.

Jensen Beach FL 34957 Condo Market Report August 2017

Jensen Beach Florida Real Estate presented by:
Gabe Sanders

Gabe Sanders

Jensen Beach FL 34957 Condo Market Report August 2017

Governors Landing September 2017 Market Report

09.27.17 by

Governors Landing September 2017 Market Report

There are currently no homes on the market in Governors Landing for September 2017.

There are no homes currently under contract.

In the past 12 months, 4 homes have sold.  Sales prices ranged from $435,000 up to $637,000 for an average sales price of $534,250 which works out to $191.93 per sq. ft. of living area.  These homes sold for an average of 94% of the list price and were on the market for an average of 138 days before going under contract.

About Governors Landing in Hobe Sound FL

Governors Landing is a prestigious gated community in Hobe Sound just south of Jimmy Graham and Peck Lake Parks and west of the Intracoastal Waterway facing Jupiter Island and the Atlantic Ocean to the East.  Very conveniently located about equidistant from the City of Jupiter to the South and the City of Stuart to the North.  Both of which can be reached in under 15 minutes by car.

Governors Landing of Hobe Sound FL

Governors Landing has both canal homes with ocean access docks as well as lake front homes, many with docks in the community marina.  There is also a boat ramp available for residents as is a boat storage area.

Governors Landing of Hobe Sound FL

Homes were built between 1988 and 2006 in Governors Landing and as of this writing in September 2015 there are 4 vacant lots which have yet to be built upon.  Existing lot sizes range from just over 1/6th to just under ½ acres. And, homes range from 3 bedroom, 2 bathroom, 2 car garage with around 2,400 sq. ft. of air conditioned living area up to 5 bedroom, 5 bathroom, 3 car garage homes with 5,000 sq. ft. of living area.

Governors Landing of Hobe Sound FL

The HOA fee (as of August 2017) is $569 per quarter and includes the maintenance and upkeep of the security gate, common areas as well as the community docks and ramps as well as basic cable TV service.

Governors Landing of Hobe Sound FL

Children in Governors Landing attend these schools: Hobe Sound Elementary School, Murray Middle School and South Fork High School.

Governors Landing of Hobe Sound FL

For those looking for luxury ocean access homes with convenient access to good schools, medical facilities and shopping, Governors Landing may just be the perfect place to call home.

Search here for Governors Landing homes for sale.

Governors Landing September 2017 Market Report

Jensen Beach FL 34957 Residential Market Report August 2017

09.26.17 by

Jensen Beach FL 34957 Residential Market Report August 2017

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for August 2017

 For August 2017 in the 34957 Zip Code area of Jensen Beach, Florida:

 There are currently 143 active listings. (Down by 22 homes from last month)

Jensen Beach FL 34957 Residential Market Report August 2017

77 Residential sales are pending and awaiting close or lender approval. (Down by 2 homes from July)

Jensen Beach FL 34957 Residential Market Report August 2017

48 Homes Sold (Up by 21 homes from July)

Jensen Beach FL 34957 Residential Market Report August 2017

The Jensen Beach FL 34957 Residential Market showed very strong summer activity with increases in close and ending sales while the number of available homes for sale decreased.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 plunged to 3.0 months ( was 6.1 months in July).  Back into a strong seller’s market after one month of a balanced market.   A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The August 2016 numbers were: 167 active listings, 67 pending sales, and 31 home sales closed.  Considerably stronger overall activity this year even with lower inventory levels.
Jensen Beach FL 34957 Residential Market Report August 2017

Search here for Jensen Beach Real Estate for Sale

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

Jensen Beach FL 34957 Residential Market Report August 2017

The River Club September 2017 Market Report

09.26.17 by

The River Club September 2017 Market Report

As of September 2017 there are no available condos for sale in the River Club.

There is 1 condo currently under contract.  The list price is $159,000 which equals $130.33 per sq. ft. of living area.  This condo was on the market for only 9 days before going under contract.

In the past 12 months, 6 condos have sold in the River Club.  Sales prices ranged from $142,500 up to $170,000 for an average sales price of $153,667 which works out to $134.24 per sq. ft. of living area.  These condos sold for an average of 97% of the last list price and went under contract in an average of 48 days.

About The River Club of Martin County:

>

The River Club of Martin County is a waterfront condo community that was built between the years of 1978 and 1980.  There are 15 buildings with 188 total condos all of which are 2 bedroom and 2 bathrooms.  These are all two story buildings.  There are two different floor plans with 1,220 and 1,072 sq. ft., of living areas.  Four of these buildings enjoy beautiful wide waterfront views of the Saint Lucie River.  The River Club has a 50 slip marina that is run by a separate dock association.  In order to own a slip in the River Club one must be a condo owner.  Tenants and owners do have the opportunity to rent slips should they be available for lease.

Entrance to the River Club

Great amenities include a clubhouse with game room and kitchen facilities, a community pool, fitness room, shuffleboard courts, workshop, and cable TV and internet access (including wi-fi) included in the condo fees.  The condo fees as of May 2017 are $326 a month.

Sunset from the River Club

All ages are welcome in the River Club but no pets are allowed.  Rentals are allowed with some restrictions as to duration and length of unit ownership.  No commercial vehicles or motorcycles are allowed, but pickup trucks with covers are permitted.

Community Pool of the River Club

The River Club is a great choice for those looking for an affordable condo community with deep water docks and fishing as well as a full complement of amenities.

fountain of the the River Club

Search here for any River Club condos for sale

The River Club September 2017 Market Report

Palm City FL 34990 Condo Market Report August 2017

09.25.17 by

Palm City FL 34990 Condo Market Report August 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for August 2017

For August 2017 in the 34990 Zip Code area of Palm City, Florida :



There are currently 73 active condo listings. (Decreased by 2 condos from July)

   Palm City FL 34990 Condo Market Report August 2017

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

Palm City FL 34990 Condo Market Report August 2017

8 Condos Sold in August. (Up by 6 condos from July)

Palm City FL 34990 Condo Market Report August 2017

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Market activity improved for Palm City condos but remains a difficult market for sellers.  (Though a good part of this difficulty comes from two equity golf club communities.)

The current absorption rate for condos in the 34990 zip code area dropped to 9.1 months (was 37.5 months in July).  Still in a buyer’s market for Palm City condominiums, but much less extreme than last month.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The August 2016 numbers were: 61 active listings, 8 pending sales and 1 closed sales.   Better closed activity this year on increased inventory while pending sales remained unchanged.
Palm City FL 34990 Condo Market Report August 2017

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report August 2017

Bay Pointe Palm City September 2017 Market Report

09.25.17 by

Bay Pointe Palm City September 2017 Market Report

There are 3 homes currently for sale in Bay Pointe in Palm City FL.  These homes are listed for sale from $439,998 up to $1,427,500 for an average list price of $884,166 which equals $223.83 per sq. ft. of living space.

There are no homes currently under contract in Bay Pointe.

In the past 12 months, only one home sold in Bay Pointe in Palm City FL.  This home sold for $1,914,455 which equals $408.11 per sq. ft. of living space..  These three homes was on the market for 18 days before going under contract and sold for 96% of list price.

About Bay Pointe in Palm City, Florida:

Search for Bay Pointe Homes for Sale

Located next to Seagate Harbor and Lighthouse Pointe is the exclusive subdivision of Bay Pointe in Palm City Florida.  This exclusive gated waterfront subdivision boasts 23 homes and lots on the wide waters of the Saint Lucie River.  An additional 11 non waterfront homes and homesites enjoy the amenities of this private community.  Even the non-waterfront homes have access to docks with a community pier located on the south side of the community.

The current HOA fees vary from $910 up to $1,350 a month depending on whether the owner chooses to have the HOA do the landscaping for the yard (current as of September 2017).

Located with a large private preserve area to the south and west and enjoying magnificent wide water views to the east.  Only minutes to the wide Atlantic Ocean by boat and enjoying the amenities and low taxes of Martin County make Bay Pointe a wonderful place to call home.

Close to parks, beaches, shopping and boasting the ‘A’ rated school system of Martin County.  Current school assignments for Bay Pointe are the Bessey Creek Elementary School, Hidden Oaks Middle School and Martin County High School.

The Gabe Sanders real estate team has some excellent buyer and seller rebate programs available for a limited time for those interested in buying or selling in Bay Pointe.  (Available until 12/2017)  Please call for details.

Search for Bay Pointe Homes for Sale

Bay Pointe Palm City September 2017 Market Report

Banyan House Condos Stuart FL September 2017 Market Report

09.24.17 by

Banyan House Condos Stuart FL September 2017 Market Report

There are currently no condos for sale in the Banyan House.

There are also no condos with a pending contract.

In the past 12 months, 6 condos have sold in the Banyan House.  Sales prices were from $135,000 up to $190,000 for an average sales price of $165,167 which equals $120.56 per sq. ft. of living area.  These condos averaged 33 days on market before going under contract and sold for an average of 96% of list price.

About the Banyan House Condos in Stuart FL:

Located on Saint Lucie Blvd in Stuart, FL, these condos are close to the Martin County Community Golf Club as well as the beaches and downtown Stuart.  This complex was completed in 1980 and consists of 64 2 bedroom, 2 bathroom condos on either the first or second floor of these 4 identical 2 story buildings.

Banyan House Condos in Stuart FL

The Banyan House complex residents enjoy a heated pool and 2 tennis courts and a clubhouse as their amenities.  All ages are welcome and up to 1 medium sized pet is also allowed.   Rentals are also allowed with some restrictions.  For 2017, the association fees are $427 per month.  These fees include basic cable TV, landscape service, building insurance and maintenance, water and sewer, trash pickup, reserves and management services.

Banyan House Condos in Stuart FL

Children living in Banyan House currently attend the JD Parker elementary school, Stuart middle school and the Jensen Beach high school.

Banyan House Condos in Stuart FL

These Banyan House condos are much sought after because of their excellent location as well as being such a well-run and well-managed community.  Condos tend to sell very quickly when they come on the market.  Those interested in a Banyan House condo should contact us and be set up on a new listing notifier for this Stuart community.

Banyan House Condos in Stuart FL

Search here for any current listings in the Banyan House Condo Complex.

Banyan House Condos Stuart FL September 2017 Market Report

The Meadows Palm City September 2017 Market Report

09.23.17 by

The Meadows Palm City September 2017 Market Report

There are currently 3 homes for sale in the Meadows in Palm City FL.  List prices range from $239,500 up to $369,900 for an average list price of $311,467 which equals $171.02 per sq. ft. of living area.

There are currently 3 homes under contract in the Meadows.  These homes were listed for prices from $155,000 up to $335,000 for an average list price of $271,667 which is $153.17 per sq. ft. of living area.  These homes averaged 22 days on market before going under contract.

In the past 12 months, there have been 34 sales in the Meadows.  Sales prices ranged from a low of $126,800 up to $365,000 with an average sales price of $225,374 or $138.80 per sq. ft. of living area.  These homes went under contract in an average of 32 days and sold for an average of 96% of their final list price.

About The Meadows Homes in Palm City Florida:

The Meadows at Martin Downs is a family friendly gated residential community very well situated in Palm City, Florida. There are 832 homes consisting of single-family homes, duplexes, 4 unit townhouses, and 4 unit patio homes. The Meadows community is divided into 6  distinct villages which are named: Greenwich, Lakemont, Mayflower, Brighton, Foxboro, and Ridgewood.

Entrance to the Meadows

The Meadows is a guard gated community with round-the-clock security.  Residents of the meadows enjoy a large heated swimming pool, a tot pool, children’s playground adjacent to the pool, basketball, 3 lighted tennis courts, a horseshoe pit and 2 bocce courts.  Near the entrance of the Meadows, between the gatehouse and the fountain, is a 2200 square foot recreation center, known as The Meadows House, which also houses the administrative offices of The Meadows Homeowners Association.

Homes in the Meadows

The Meadows came into existence through the efforts of local developer Peter Cumming who submitted the plans for the community around 1988.  Shortly thereafter, Burg and DiVosta (soon to be just DiVosta) began developing the land in the area called Martin Downs for the soon to be constructed villages of The Meadows.

Homes in the Meadows

Divosta started construction on the site known as The Meadows in 1988 by building two structures from which to sell. One was a Single Family home (Hampton) in what is now known as Greenwich Village, and the other was a four-unit Town Homebuilding (Stamford) in what is now known as Lakemont Village. Both types of homes were started in The Meadows at about the same time in 1988.  DiVosta completed the Meadows in 1993 and turned the administration and running of the community to The Meadows Homeowners Association which runs the community through elected officers as well as a full-time support staff.

HOA fees in the meadows vary by the type of home, so please look at the listing details view when checking available Meadows homes for sale.  The Meadows is not age restricted and currently allows up to 2 large pets.  Rentals are also allowed with some restrictions.

Children currently attend the Bessey Creek Elementary School, the Hidden Oaks Middle School; and the Martin County High School.

Search for the Meadows Homes for Sale

The Meadows Palm City September 2017 Market Report

Palm City FL 34990 Residential Market Report August 2017

09.22.17 by

Palm City FL 34990 Residential Market Report August 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for August 2017

 

For August 2017 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 346 active listings (Decreased by 52 homes from June)

Palm City FL 34990 Residential Market Report August 2017

128 Residential sales are pending and awaiting close or lender approval. (Down by 37 homes from last month)

Palm City FL 34990 Residential Market Report August 2017

95 Homes Sold in June (Down by 1 home from June)

Palm City FL 34990 Residential Market Report August 2017

The Palm City FL, zip code 34990 residential real estate market remains very active.  For August there was a big drop in available homes for sale which also had an effect on reduced future sales (pending listings).
The monthly absorption rate declined to 3.6 months from 4.1 months in June.  Still a 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 August 2016 numbers were:  391 active listings, 116 pending sales, and 68 closed sales.  Stronger activity for this year with a fairly big decrease in inventory.

Palm City FL 34990 Residential Market Report August 2017

 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 August 2017

Galleon Bay September 2017 Market Report

09.22.17 by

Galleon Bay September 2017 Market Report

There are no homes currently for sale in the Galleon Bay community of Hutchinson Island in Stuart FL.

There are no homes under contract in the Galleon Bay community.

In the past 12 months, no homes have sold.  The last sale took place in July 2016 with a sales price of $1,965,000 which equals $365.65 per sq. ft. of living area.  This home was on the market for 238 days before going under contract and sold for 87% of the last list price.  There are two new homes under construction at the present time.

About Galleon Bay on Hutchinson Island:

Galleon Bay on Hutchinson Island is an exclusive gated oceanfront community just north of the Stuart Causeway.  Very well located close to shopping as well as easy access to downtown Stuart. There are only 15 possible residences in this exclusive upscale community.

All the home sites in Galleon Bay are spacious and allow for stunning estate homes.  Lot sizes vary from just under 1 acre to over 1 and ¼ acres.  There are still vacant lots in Galleon Bay waiting for a home to be built.

Of the current homes in Galleon Bay, the smallest is over 5,000 sq. ft. of living area with 4 bedrooms and 5 bathrooms and the largest has more than 10,000 sq. ft. with 6 bedrooms and 9 bathrooms.

For those wanting to ultimate in privacy and luxury, yet still be close to all the wonderful amenities available to Martin County residents on the Treasure Coast of FL, Galleon Bay may be the perfect location for you.

As of February 2017 the monthly HOA fees were $458.00

Check here for any possible homes for sale in Galleon Bay

Check here for any possible land for sale in Galleon Bay