Harborage Yacht Club November 2016 Market Report

11.30.16 by

Harborage Yacht Club November 2016 Market Report

For November 2016 there are 14 active listings in the Harborage Yacht Club with list prices ranging from $139,900 up to $289,900 for an average list price of $185,972 which comes out to $157.30 per sq. ft. of living area.

There are 3 condos under contract.  The list prices of these pending condos range from $99,900 to $299,900 for an average list price of $229,900 which equals $168.45 per sq. ft. of living area.  These condos were on the market for an average of 183 days before going under contract.

In the past 12 months, 6 condos have sold.  Sales prices were from $130,000 up to $275,000 for an average sales price of $172,083 which equals $143.10 per sq. ft. of living area.  These condos sold on average at 89% of list price and took an average of 121 days before going under contract.

About the Harborage Yacht Club Condos in Stuart Florida

Harborage Yacht Club in Stuart Florida
Harborage Yacht Club in Stuart Florida

Located just north of the charming historical heart of Martin County, Stuart’s downtown and just across the Roosevelt Bridge is one of Stuart’s newest waterfront communities, the Harborage Yacht Club and Marina. Located on the shores of the wide Saint Lucie River and only minutes to access the Atlantic Ocean via the Saint Lucie Inlet and then either great fishing or travel to points beyond.

The Harborage Yacht Club and Marina consists of a newer condo development with 2 and 3 bedroom luxury residences called cottages, almost all with sweeping water views. Developed by well renowned Altman Development Corporation and constructed from 2004 to 2006.  Completely sold out at it’s unveiling, many units are currently available at deeply discounted prices.

Harborage Yacht Club in Stuart FloridaHarborage Yacht Club in Stuart FloridaThe marina consists of 150 deep water docks available for rent for both owners and visitors to the beautiful Treasure Coast. Amenities include a state of the art 3 story yacht club, with the exclusive Harbor Grille restaurant, a completely equipped professional fitness center with sauna and spa, infinity edge pool and spa, and much, much more.

Yacht club membership is included for all residents and limited memberships are available for non-residents at this time. Recent changes to the HOA fees have had a negative effect on sales in Harborage with the current fees exceeding $1,000 a month.  This includes a great many amenities and for the price of newer waterfront units it November just be worth it for the right buyer.

Search for available Condos in the Harborage Yacht Club

Martin County Single Family Homes October 2016 Market Detail

11.29.16 by

Martin County Single Family Homes October 2016 Market Detail

The Martin County Single Family Homes Market Detail for October 2016 continues to show reduced sales volume when compared to last years figures, yet don’t mistake this as a weak market, as it remains quite robust.  Closed sales were down by 10.7% (was down by 9.2% in September). New pending sales decreased by 0.6% as compared to October of 2015 (Decreased by 1.6% in September).

For October there were mixed signals about prices with the median sales price rising by 0.9% from last year (up by 12.4% in September) while the average price decreased by 12.1% (was down by 8.1% last month).   Typically this is a result of higher prices in the lower valued range of home sales and fewer sales in the luxury market.

The inventory of available single family homes increased from last month by 19 homes to 1004 units for October,  this is 3.9% greater than last October.  Current supply of homes is 5.1 months, for October of last year it was a 4.6 months supply. (This is a 10.9% increase from last year).  Still a sellers market for Martin County single family home sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Single Family Homes October 2016 Market Detail

Click here to view or download the full report:
Martin County Single Family Homes October 2016 Market Detail

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.

Martin County Single Family Homes October 2016 Market Detail

November 2016 Market Report for Ocean Bay Villas on Hutchinson Island

11.29.16 by

November 2016 Market Report for Ocean Bay Villas on Hutchinson Island

As of November 2016 there are 4 available townhomes in the Ocean Bay Villas community on Hutchinson Island, FL.  List prices are from $349,000 up to $$450,000, for an average list price of $408,438 or $170.72 per sq. ft. of living area.

There is 1 townhome under contract.  This home was listed for $429,000 or $197.60 per sq. ft. of living area and was on the market for 881 days prior to going under contract.

There have been 5 closed sales in the past 12 months.  Sales prices ranged from $367,000 to $445,000 which averages to $396,500 and is equal to $152.91 per sq. ft. of living area.  These homes sold for an average of 95% of list price and  averaged 77 days on market before going under contract.

November 2016 Market Report for Ocean Bay Villas on Hutchinson Island

Ocean Bay Villas on Hutchinson Island is an exclusive private enclave for only 78 owners located beautiful and unspoiled Hutchinson Island in Saint Lucie County on Florida’s Treasure Coast.  All villas in Ocean Bay feature three story luxury town home style residences with elevators and modern updated interiors.

November 2016 Market Report for Ocean Bay Villas on Hutchinson Island

There are three different home plans; The Azalea with 3 Bedrooms, 3 & 1/2 Baths and Den in 2171 sq. ft. of living area. The Beachberry which has 3 Bedrooms, 3 Baths, Den and Office in 2,327 sq. ft. of living area.  And, the Cocoplum with with 3 Bedrooms, 3 & 1/2 Baths and Den in 2,579 sq. ft. of living area

November 2016 Market Report for Ocean Bay Villas on Hutchinson Island

November 2016 Market Report for Ocean Bay Villas on Hutchinson Island

November 2016 Market Report for Ocean Bay Villas on Hutchinson Island

All models have two car garages, 9 and 10 foot ceilings. This gated Ocean Side community features an entertainment clubhouse, fitness center, community pool and spa.  A true resort style lifestyle that can be yours everyday.

Search for all Available Ocean Bay Villas on Hutchinson Island in Stuart Florida
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Hutchinson Island Florida Real Estate is presented by:
the Gabe Sanders real estate team

November 2016 Market Report for Ocean Bay Villas on Hutchinson Island

Florida Townhouses and Condos October 2016 Market Detail

11.28.16 by

Florida Townhouses and Condos October 2016 Market Detail

The Florida Townhouses and Condos Market Detail for October 2016 showed continued weakness as compared to last year for sales.   Closed sales were down by 12.3% as compared to last months decrease of 3.9% and new sales under contract (new pending sales) decreased by 14.5% (In September there was a 5% decrease).

Values, however, continued to increase though at a more moderate pace.  Median sales prices were up by 8.1% (was up by 6.7% in September), while the average sales price increased by 0.5% (was down 2.9% in September).  As sales activity decreases and if inventory continues to increase, I expect these prices to continue to moderate.

The inventory increased by 8.2% from October of last year.  For September 2016 we have 5.9 months of inventory (was  5.8 months in September) and compared to 5.3 for October 2015.  We are approaching a balanced market for Florida townhouse and condo sales. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos October 2016 Market Detail

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos October 2016 Market Detail

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 October 2016 Market Detail

Angler Cove Condo Under Contract

11.28.16 by

Angler Cove Condo Under Contract

1456 NE Ocean Blvd. Suite 8-201 listed for $269,900 is now under contract with the buyer being represented by Gabe Sanders – Stuart Florida real estate.

Angler Cove Condo

A Hutchinson Island hidden gem and boaters paradise in Anglers Cove. This condos features poured concrete floors and ceilings, renovated with hard wood floors and tile, new appliances in 2012, new A/c and Water Heater in 2014, Plantation shutters, plus added loft above kitchen with spiral staircase. Included with the sale is boat slip # 8 with a 10,000 LB boat lift, which will accommodate an approximately 23ft boat. Plus there’s deeded beach access directly across the street, Pet Friendly with 2 pets of any size permitted, Pull down attic storage, plus, owners storage room, heated Pool and Clubhouse!

Angler Cove Condo Angler Cove Condo

About Angler Cove Condos:

Angler Cove Condos on Hutchinson Island in Stuart Florida is a unique complex with 10 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 depending on unit size, but are roughly $500 to $575 per month. (as of November 2016).  The fees include maintenance and insurance for the common areas and Basic Cable TV, Landscape/Lawn care, On Site Manager, Reserve Fund, Trash, Water and Sewer and building maintenance and insurance.

This is a pet friendly complex allowing for up to two large pets per unit and rentals are permitted with some restrictions.

 Angler Cove Condos on Hutchinson Island

Search for all Anglers Cove Condos 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

Angler Cove Condo Under Contract

Should I Stay or Should I Go?

11.27.16 by

Should I Stay or Should I Go?

open-house

If you are planning an open house, you as a home owner may find yourself humming the chorus of that old classic Clash song, “Should I Stay or Should I Go?”

Why? Well for one, the Clash is totally awesome. For another, you as an individual making a concerted effort to sell your home may be wondering if you should stay on site for the occurrence of your open house event; or if in fact you should hightail it to a restaurant, shopping mall or movie theater for the duration of the event. Well before you answer that question, you first must resolve several others:

1. What is the opinion of your real estate agent? You just knew we’d mention that one, didn’t you? It is important, though, to consult your Realtor about whether or not you should remain with them on site at the home, or whether you should—to use the most technical terminology possible—vamoose.

2. Do you have kids and pets? If so, leave as quickly as possible—and take them with you! Seriously, though; the answer to this question depends entirely on the age and temperament of both your kids and your pets. Do your pets bite? Do your small children bite? Are both properly house trained? If your children and your animals are well behaved and unobtrusive, then it would be probably be fine to remain with them in the home for the duration of your open house. Otherwise, you may wish to leave and take them with you throughout the event.

3. Are you prepared to answer questions about your home? As a home owner, people will naturally approach you with questions about any and all aspects of your residence. Are you willing and prepared to answer them, in all honesty and to the best of your ability?

4. Are you prepared to hear criticisms of your home? If you stay on site for the duration of your open house, then you may overhear some not so nice things about your house. Even the most beautiful, well-kept residence may garner criticism from particular home buyers; some of which they may say behind your back but within your earshot, while other comments might be stated directly to your face. Either way, be prepared for them. And try your darnedest not to deck the guy.

Once you answer all of these questions, then you should be able to determine whether to stay—or whether to go!

 

Florida Single Family Homes October 2016 Market Detail

11.26.16 by

Florida Single Family Homes October 2016 Market Detail

The Florida Single Family Homes Market Detail for October 2016 showed weaker sales activity from last year.  Closed sales were down by 5.3% (was down by 0.5% in September) and new sales under contract (new pending sales) were down by 7.1% (was down by 4.8% in September).

Both the median and average sales prices, though, continue to rise from October 2015 to October 2016.  Up by 11.7% and 6.4% respectively, compared to September’s 11.3% and 6.8%.  I continue to predict the rate of price increases to moderate in the near future if sales continue to slow and  this should also result in a rise of inventory.

The inventory of available homes for sale fell by 3.2% from last year.  For October there was only a 4.2 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (October of 2015 had a 4.3 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Single Family Homes October 2016 Market Detail

Click here to view or download the full report:

Florida Single Family Homes October 2016 Market Detail

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 October 2016 Market Detail

Sailfish Point November 2016 Market Report

11.26.16 by

Sailfish Point November 2016 Market Report

Sailfish Point Homes:  There are 24 homes available to purchase in Sailfish Point.  These homes are available for purchase for prices ranging from $789,000 up to $7,999,900 for an average list price of $3,087,367 which equals $453.15 per sq. ft. of living area.

There are 3 homes currently pending sales.  List prices range from $695,000 up to $1,695,000 for an average list price of $1,346,667 or $388.41 per sq. ft. of living area.  These homes averaged 69 days on the market before going under contract.

In the past 12 months, 20 homes have sold in Sailfish Point.  Sales prices raged from $600,000 up to $9,000,100 for an average sales price of $2,489,140 which works out to $343.08.  These homes sold for an average of 87% of the final list price and also averaged 201 days on market before going under contract.

Sailfish Point Condos:  There are 20 condos available to purchase in Sailfish Point.  These condos are available for purchase for prices ranging from $575,000 up to $2,250,000 for an average list price of $964,070 which equals $362.36 per sq. ft. of living area.

There is one condo currently under contract.  The list price was $725,000 or $262.49 per sq. ft. of living area.  This condo was on the market for 132 days prior to accepting an offer.

In the past 12 months, 9 condos have sold in Sailfish Point.  Sales prices raged from $550,000 up to $1,490,000 for an average sales price of $880,222 which works out to $$309.32 .  These homes sold for an average of 90% of the final list price and also averaged 123 days on market before going under contract.

About Sailfish Point on Hutchinson Island

Sailfish Point is a true world-class facility for everyone, with special emphasis for golfers and boaters. Almost completely surrounded by tropical waters this wonderful community has earned the reputation of being one of Florida’s most exclusive private residential enclaves on one of the world’s most naturally beautiful settings.

Located directly on the Atlantic Ocean adjacent to the St. Lucie Inlet at the Southern tip of Hutchinson Island makes Sailfish Point a truly unique community. Situated on 532-acres with only 520 homes there’s ample room for privacy and nature’s beauty.   The lucky residents of Sailfish Point can enjoy five miles of pristine Atlantic shoreline, a Jack Nicklaus “Signature” golf course, elegant full service beachfront country club with tennis, fitness center and more and a full-service deep water marina with immediate ocean access.

In addition to the private homes, there are a few spectacular waterfront town homes and a number of spacious ocean and inlet facing condominiums.

Some Sailfish Point benefits include:

  • 24-hour manned gated entry, security staff is on duty 24/7
  • Jack Nicklaus Signature Golf Course
  • 60,000 square foot oceanfront clubhouse
  • The community pool features swim lanes, a hot tub and a separate splashing area for the kids.
  • The Tennis Center includes eight Har-Tru® courts (five lighted), and two full-time tennis pros as well as a stocked pro shop.
  • The full-service, private Marina and Yacht Club offers 77 deep water slips and can accommodate vessels up to 125 feet long.  This protected marina is only minutes from the Inlet and just a quick day’s sail to the Bahamas.
  • The Fitness Center offers the very latest in cardiovascular and weight-training machines, and free weights. Personal trainers are available to provide a complete fitness evaluation and workout regimen and classes in Pilates, yoga, spinning, dance, jazzercise and general fitness are offered.
  • The private, luxurious Sailfish Point spa offers specialty massages, body treatments, facials, manicures, pedicures, makeup, nail services and complete hair care.

Search here for all Sailfish Point Real Estate in Stuart Florida

 

Sailfish Point November 2016 Market Report

Hobe Sound FL 33455 Condo Market Report October 2016

11.25.16 by

Hobe Sound FL 33455 Condo Market Report October 2016

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for October 2016

 

For October 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 6 active condo listings. (Up by 1 condos from September)

Hobe Sound FL 33455 Condo Market Report October 2016

1 Condos are pending and awaiting close. (Down by 2 pending condos from September)

Hobe Sound FL 33455 Condo Market Report October 2016

1 Condos sold in October. (Decreased by 2 closed sales from September)

Hobe Sound FL 33455 Condo Market Report October 2016

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory levels are at all time lows and it is quite remarkable that there is as much activity as there is in this small segment of the Martin County real estate market.

For October, 2016 the absorption rate is 6 month (it was 1.7 months in September).  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 on percentages that October 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 October 2015 numbers were: 4 active listings, 0 pending sales and 3 closed sales.  It’s very difficult to make meaningful comparisons with such low numbers of sales and inventory.

Hobe Sound FL 33455 Condo Market Report October 2016

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report October 2016

The Medalist November 2016 Market Report

11.25.16 by

The Medalist November 2016 Market Report

As of November 2016 there are 20 homes for sale in the Medalist.  This includes a selection of both new and pre-owned homes.  List prices range from $719,000 up to $1,900,000 for an average list price of $1,166,645 which works out to $314.43 per sq. ft. of living area.

There is one home under contract.  The list price was $1,950,000 which is also $378.20 per sq, ft. of living area.  This home was on the market for 164 days before going under contract.

In the past 12 months, 8 homes have sold in the Medalist.  Sales prices ranged from $520,000 up to $1,649,000 for an average sales price of $1,028,125 which equals $245.15 per sq. ft. of living area.  These homes sold for an average of 94% of the final list price and went under contract in an average of 165 days.

About The Medalist in Hobe Sound Florida:

It just doesn’t get any better that The Medalist if you want to play golf.  Surrounded by over 870 acres of pristine Florida natural preserve and the home of Greg Norman’s signature golf course.

The Medalist is located in Hobe Sound between Jupiter and Stuart Florida.  Easy access to Jupiter Island and the beaches and also a quick ride to I-95 and points South or North.

New homes are available from quality builder Zuckerman Homes as well as a number of fine pre-owned homes in the estates or the Medalist Village.   All homes at The Medalist Country Club Estates & Spa in Hobe Sound include access to the incomparable Medalist Village consisting of a world-class spa facility, a unique Par 3 golf course designed by Greg Norman, classic Har-Tru tennis courts, and a distinctive Aussie Pub that serves as the social center of the Medalist Village.

HOA fees in the Medalist vary greatly by location and currently (November 2016) range from $208 up to $558 per month.  The higher HOA homes typically include membership in the adjoining Greg Norman-designed par-3 golf course, 2 Har-Tru tennis courts, spa and fitness facilities, & Aussie Pub that serves as the social center of the community.

Children who live in the Medalist are zoned to attend Hobe Sound Elementary School, Murray Middle School and South Fork High School.

Please contact us for a list of amenities as well as currently available homes at the Medalist that are not available on our search page.

Search for Hobe Sound Florida Golf Course Homes for Sale

Hobe Sound FL 33455 Residential Market Report October 2016

11.24.16 by

Hobe Sound FL 33455 Residential Market Report October 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for October 2016

  For October 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 198 active listings. (Up by 5 homes from September)

Hobe Sound FL 33455 Residential Market Report October 2016

59 Residential sales are pending and awaiting close  (Down by 5 homes from September)

Hobe Sound FL 33455 Residential Market Report October 2016

33 Homes Sold in October (Down by 14 homes from last month)

Hobe Sound FL 33455 Residential Market Report October 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County has slowed down to a balanced market with reduced pending and closed sales and a continuing increase in inventory.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 6 months (4.1 months in September).  A balanced market for the first time in close to three years of sellers markets.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for October 2015 were:  122 active listings, 68 pending sales and 44 closed sales.  As with most other areas in Martin County for this month, weaker activity as compared to last year.

Hobe Sound FL 33455 Residential Market Report October 2016

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 October 2016

Buttonwood Condos November 2016 Market Report

11.24.16 by

Buttonwood Condos November 2016 Market Report

In late November 2016, there is only 1 condo available for sale in Buttonwood on Hutchinson Island in Stuart FL.  The list price is $500,000 which equals $304.14 per sq. ft. of living area.

No condos are currently under contract in Buttonwood.

In the past 12 months, 2 condos have sold.  Sale prices were $560,000 and $825,000 which averages out to $692,500 or $301.88 per sq. ft. of living area.  These two sales sold for an average of 97% of list price and went under contract within 73 days of being listed.

Buttonwood Condos on Hutchinson Island

Buttonwood Condos on Hutchinson Island

The Buttonwood Condos on Hutchinson Island are some of the most spacious homes available on the ocean.  These condos were built in 1983 and offer only 18 residences for discerning customers interested in a luxury ocean front lifestyle.  These condos range in size from a 3 bedroom, 4 bath residences of just under 2,300 sq. ft. of air conditioned space plus balconies down to 2 bedroom, 2 bath with over 1,600 sq. ft.

Buttonwood Condos on Hutchinson Island Buttonwood Condos on Hutchinson Island

Buttonwood residents enjoy private access to their own beach on the Atlantic, a heated pol and spa, clubhouse and tennis court.  Additional amenities include private garages for all units, a vehicle wash area and bicycle storage.

Buttonwood Condos on Hutchinson Island Buttonwood Condos on Hutchinson Island

Buttonwood is a pet friendly building with up to 2 large dogs permitted.  No rentals are allowed.

Buttonwood Condos on Hutchinson Island Buttonwood Condos on Hutchinson Island

Condo and management fees are just over $800 a month.  Buttonwood Condos on Hutchinson Island in Stuart FL is located approximately 1 mile north of the Stuart Causeway.

Buttonwood Condos on Hutchinson Island Buttonwood Condos on Hutchinson Island

Search here for all Buttonwood condos for Sale

Links to all Martin County Condos on Hutchinson Island in Stuart and Jensen Beach you may wish to consider:
Angler Cove – Beachwood Villas – Buttonwood – Dune Condominium – Fairwinds Cove – Green Turtle Cove – Hutchinson House –Indian River Plantation Condos – Islander 12 – Jensen Beach Club – Little Ocean Club – Little Ocean Place – Maritimes – Ocean View –Sailfish Point – Sandpebble – Seaside – Suntide

Jensen Beach FL 34957 Condo Market Report October 2016

11.23.16 by

Jensen Beach FL 34957 Condo Market Report October 2016

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for October 2016

 

For October 2016 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 128 active listings. (Increased by 13 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2016

30 Condo sales are pending and awaiting settlement. (Down by 7 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2016

22 Condos Sold (Up by 5 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2016

 For the Jensen Beach FL 34957 Condo Market Report October 2016 had a surprisingly good month in what is typically a slow month for closed activity.  Closed sales were up as well as a nice little jump in inventory. Pending sales were off, but still pretty good.

The one month absorption rate for the October 2016, Jensen Beach Florida Market Report ZIP Code 34957 decreased to 5.8 months (from 6.7 months in September), moving the Jensen Beach condo market back towards a sellers market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The October 2015 numbers were: 24 active listings, 17 pending sales and 4 condos closed.  We had a change in reporting data collection methods and are now including all condos in the 34957 zip code which increases the sampling data base, so the comparisons from last year are not valid.

Jensen Beach FL 34957 Condo Market Report October 2016

Jensen Beach Florida Real Estate presented by:
Gabe Sanders

Gabe Sanders

Jensen Beach FL 34957 Condo Market Report October 2016

Islandia Condos November 2016 Market Report

11.23.16 by

Islandia Condos November 2016 Market Report

In late November 2016 there were 11 condos for sale in Islandia.  List prices range from $274,900 up to $480,000 for an average list price of $375,782 or $284.52 per sq. ft. of living area.

There are 7 condos currently under contract in Islandia.  Listing prices were from $275,500 to $399,900 for an average list price of $339,014 which is $255.16 per sq. ft. of living area.  These condos averaged 91 days on market before going under contract.

In the past 12 months, 30 Islandia condos have sold.  Sales prices ranged from $205,000 up to $550,000 for an average sales price of $337,457 which is equal to $246.34 per sq. ft.  These units sold for an average of 96% of list price and averaged 84 days on market prior to going under contract.

The Islandia Condos of Jensen Beach

Islandia Condos of Jensen Beach

The Islandia Condos of Jensen Beach on Hutchinson Island consist of two 20 story buildings that were built in 1982. There are 388 total residences in these two buildings which are called Islandia I and II. Very conveniently located to the north of the Jensen Beach Causeway, and is just a short drive away from downtown Jensen Beach, shopping and restaurants.

Islandia Condos of Jensen Beach Islandia Condos of Jensen Beach

Condos in Islandia come in large 3 bedroom, 3 bathroom units with 1,929 sq. ft. of living area plus balconies and 3 bedroom, 2 bathroom units with 1,544 sq. ft. as well as 2 bedroom, 2 bath condos with either 1,437 or 1,228 sq. ft. Islandia residents enjoy wonderful amenities that include 2 Oceanside pools, private beach access, BBQ grilling area, Jacuzzi, tennis and bocce courts, and overflow parking with trailer and RV parking spaces. Interior facilities include a large social area with bar and kitchen, billiards, fitness center and steam sauna. There is an office with on-site management and 24 guard gated security.

Islandia Condos of Jensen Beach Islandia Condos of Jensen Beach

Islandia I does not allow pets, while those in Islandia II are allowed one pet under 30 lbs. Both buildings allow rentals with restrictions. The condo association fees at the time this is being written are from $1,420 to $1,950 per quarter.

Islandia Condos of Jensen Beach Islandia Condos of Jensen Beach

Those looking for a friendly beach community on Hutchinson Island in Jensen Beach should take a look at the Islandia Condo offerings.

Islandia Condos of Jensen Beach Islandia Condos of Jensen Beach

Click here for currently available Islandia Condos for Sale

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

 

Jensen Beach FL 34957 Residential Market Report October 2016

11.22.16 by

Jensen Beach FL 34957 Residential Market Report October 2016

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for October 2016

 For October 2016 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 171 active listings. (Up by 2 homes from last month)

Jensen Beach FL 34957 Residential Market Report October 2016

69 Residential sales are pending and awaiting close or lender approval. (Decreased by 9 homes from September)

Jensen Beach FL 34957 Residential Market Report October 2016

37 Homes Sold (Up by 5 home sales from September)

Jensen Beach FL 34957 Residential Market Report October 2016

The Jensen Beach FL 34957 Residential Market continues to show strong activity for October.  Close and pending sales remained active and the inventory made a small gain.  One of the strongest markets currently in Martin County.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 4.6 months ( was 5.3 months in September).  A stronger sellers’ market for the Jensen Beach residential real estate segment as compared to last month.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The October 2015 numbers were: 133 active listings, 48 pending sales and 27 home sales closed.  One of the few areas of martin County with a much stronger market when compared to last year.
Jensen Beach FL 34957 Residential Market Report October 2016

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 October 2016

Riverbend at IRP November 2016 Market Report

11.22.16 by

Riverbend at IRP November 2016 Market Report

In November of 2016 there were 4 condos for sale in the Riverbend community of Indian River Plantation.  List prices range from $365,000 up to $439,900 for an average list price of $395,975 or $248.94 per sq. ft. of living area.

There is one condo under contract which was listed at $450,000 or $329.43 per sq. ft. of living area.  This condo went under contract 7 days after it was listed.

In the past 12 months, 8 condos have sold.  Sales prices ranged from $240,000 up to $495,000 for an average sales price of $386,688 which equals $237.27 per sq. ft.  These units sold for an average of 94% of list price and averaged 75 days on market prior to going under contract.

Riverbend in Indian River Plantation

Riverbend in Indian River Plantation

The Riverbend condos of Hutchinson Island in the Indian River Plantation complex of Stuart consist of five three story elevator buildings close to the Marriott Resort and full service marina in Indian River Plantation. These units were built between 198 and 1989 with many condos having magnificent wide water views of the Intracoastal Waterway also knows as the Indian River and others with sweeping views of the Indian River Plantation Golf Course and lakes.

aerial 2 Riverbend in Indian River Plantation

There are 86 spacious condos with a mix of three bedroom, three bathroom condos of 1,950 sq. ft. and two bedroom two bath condos ranging in size from 1,366 or 1,735 sq. ft. of living area. This is a pet friendly building with up to two large pets permitted. Riverbend residents enjoy their own community pool for Riverbend resident’s exclusive use. Covered parking is also a plus with either under building parking or private detached garages.

Riverbend in Indian River Plantation Riverbend in Indian River Plantation

Current condo and management fees are from $1,560 to 1,890 per quarter depending on the size of the condo.

Riverbend in Indian River Plantation Riverbend in Indian River Plantation

Click here to view available Riverbend Condos for Sale

 

The Marriott Resort at Indian River Plantation Features:

Indian River Plantation consists of numerous condominium associations and buildings. All styles from Ocean front to River front and Golf and Tennis villas can be found here. IRP is associated and co-located with the Marriott Resort and Marina.

Riverbend in Indian River Plantation Riverbend in Indian River Plantation

Tucked away on Hutchinson Island, the Treasure Coast’s 16-mile lush barrier island, is a unique resort that greets guests with the warmth of true Southern hospitality.

Riverbend in Indian River Plantation Riverbend in Indian River Plantation

The Hutchinson Island Marriott Beach Resort and Marina stretches across 200 acres of plantation landscape on Hutchinson Island, bordered on one side by the Atlantic Ocean and by the shimmering Indian River on the other side.

views 3 Riverbend in Indian River Plantation

A newly remodeled lobby with sweeping draperies, plantation-style wood furnishings and tropical tones sets the stage for a magical golf getaway. This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. Plantation East, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. The Ocean Club, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

The Hutchinson Island Marriott offers guests and residents two tiki bars and their Signature Restaurant, the Baha Grille. Thirteen Novagrass tennis courts, miles of unspoiled beaches, water sports, deep sea fishing, and a full-service 77-slip marina anchored on the Indian River round out a perfect vacation of sun and fun.

Resort amenities also include three heated pools with sun decks, game rentals from the Activities Hut, two outdoor spas and supervised activities for both children and teens.

Search Hutchinson Island Homes For Sale

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

Links to all Martin County Condos on Hutchinson Island in Stuart and Jensen Beach you may wish to consider:
Angler Cove – Beachwood Villas – Buttonwood – Dune Condominium – Fairwinds Cove – Green Turtle Cove – Hutchinson House –Indian River Plantation Condos – Islander 12 – Jensen Beach Club – Little Ocean Club – Little Ocean Place – Maritimes – Ocean View –Sailfish Point – Sandpebble – Seaside – Suntide

 

 

 

Palm City FL 34990 Condo Market Report October 2016

11.21.16 by

Palm City FL 34990 Condo Market Report October 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2016

 

For October 2016 in the 34990 Zip Code area of Palm City, Florida :



There are currently 76 active condo listings. (Increased by 5 condos from September)

   Palm City FL 34990 Condo Market Report October 2016

9 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)

Palm City FL 34990 Condo Market Report October 2016

5 Condos Sold in October. (Up by 1 condos from September)

Palm City FL 34990 Condo Market Report October 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Inventory has been rising for a few months now and closed sales are not increasing enough to offset this increase even though it has increased.

The current absorption rate for condos in the 34990 zip code area dropped to 15.2 months (was 17.8 months in October). Remaining a strong buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The October 2015 numbers were: 54 active listings, 10 pending sales and 3 closed sales.   A little more closed activity this year, but this is with a significantly greater inventory of active condos listed for sale.
Palm City FL 34990 Condo Market Report October 2016

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report October 2016

The new and improved housing market: A reason to be thankful

11.21.16 by

The new and improved housing market: A reason to be thankful

Happy Thanksgiving

As we all know, the holiday of Thanksgiving is the time we take a moment to count our blessings in life; which if we’re fortunate might include our family, our friends, our home, our work, our many and a sundry life blessings…

…and the housing market.

OK, so maybe you don’t spend as much time thinking about and doting on the national housing market as you do your family and friends—or we hope not, at least! Yet you have to admit that this year has witnessed the overall strengthening of the economy and an amazing turnaround in home sales—thus creating an exciting, invigorating new real estate market. Home sales are rising, prices are increasing, and mortgage rates are elevating. And, given this refreshing and encouraging change of circumstance, you yourself may be tempted to put your house up for sale.

Before you jump on the home sales bandwagon, however, pause to ask yourself some important questions first:

1. Are you indeed ready to sell your Stuart FL house? If your residence is still in good condition, still accessible to your workplace and to your children’s school, and still meeting all of your basic needs in terms of shelter and life sustenance, then you may just want to keep on living there—at least for a while.

2. Has the overall strength and solidity of the real estate market translated to your our area? In the past few months, numerous regions across the country have become virtual hot beds for real estate prosperity. From Boulder, Colo., to Bay City, Mich., to Sumter, S.C., more homes are being bought and sold at record rates. Just make sure that this aura and atmosphere of success, opportunity and prosperity has engulfed and encompassed your community. If home sales are slow and the economy weak in your town of residence, then you not wish to plunge headfirst into the local home sales market.

3. Before setting the price of your home, set some realistic expectations first. While home prices are raising, you still want to make sure that you don’t price yourself out of a profitable, top notch home sale. Place a great deal of intensive consideration into your chosen price; and if you happen to need a little help along the way….

4. Call a Realtor. You knew I’d say that, didn’t you? The fact is though that a seasoned professional real estate agent will help you navigate your way through today’s thriving but still complex housing market. Give me a call!

Gabe Sanders
Stuart FL Real Estate

Palm City FL 34990 Residential Market Report October 2016

11.20.16 by

Palm City FL 34990 Residential Market Report October 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for October 2016

 

For October 2016 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 400 active listings (Increased by 23 homes from September)

Palm City FL 34990 Residential Market Report October 2016

 114 Residential sales are pending and awaiting close or lender approval. (Down by 7 homes from last month)

Palm City FL 34990 Residential Market Report October 2016

55 Homes Sold in September (Up by 1 homes from September)

Palm City FL 34990 Residential Market Report October 2016

The Palm City FL, zip code 34990 residential real estate market activity is showing some weakness going into a buyers market for the first time in years.  Inventory is up above last year while sales and ending sales have decreased.
The monthly absorption rate increased to to 7.3 months from 7 months in September.  Now a buyers market for the first time in a few years 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 October 2015 numbers were:  377 active listings, 137 pending sales and 58 closed sales.  This is the second month with weaker activity for this year as compared to last year.

Palm City FL 34990 Residential Market Report October 2016

 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 October 2016

Island Club Condos November 2016 Market Report

11.20.16 by

Island Club Condos November 2016 Market Report

In late November 2016 there were 3 condos for sale in the Island Club on Hutchinson Island which is also sometimes called the Hutchinson Island Club.  These 3 condos are listed from $275,000 up to $399,900 for an average list price of $326,600 or $224.93 per sq. ft. of living area.

There is one condo currently under contract which has not sold to date.  The list price was $279,900 or $192.77 per sq. ft. of living area.  This condo was on the market for 38 days before going under contract.

In the past 12 months, 4 condos have sold.  Sales prices ranged from $260,000 up to $375,000 for an average sales price of $322,500 which is equal to $222.11 per sq. ft.  These units sold for an average of 94% of list price and averaged 95 days on market prior to going under contract.

The Island Club Condos in Jensen Beach

Island Club Condos on Hutchinson Island in Jensen Beach

The Island Club Condos of Jensen Beach are also known as the Hutchinson Island Club.  This one of a kind condo building was built in 1977 just to the south of the Waveland Public beach on Saint Lucie County to the north of the Jensen Beach Causeway. There are 92 residences in this 11 story building.

Island Club Condos on Hutchinson Island in Jensen Beach Island Club Condos on Hutchinson Island in Jensen Beach

The Island Club is unique because it features spectacular ocean views from floor to ceiling windows in all units.  All of these condos are also considerably larger than your average oceanfront offering with a number of 2 story 3 bedroom plus den, 3 bathroom condos of 2,524 sq. ft. not including the balconies as well as roomy 2 bedroom, 2 bath condos with 1,452 sq. ft. of living area. Some units have a detached one car garage.  Though there is reserved parking and ample guest parking for all.

Island Club Condos on Hutchinson Island in Jensen Beach Island Club Condos on Hutchinson Island in Jensen Beach

Amenities in the Island Club are a heated a pool, Jacuzzi, fitness room, kitchen, social area, billiard room, library, bar, BBQ grills, gazebo, sauna and shuffleboard courts.  All of this for just over $600 a month condo fees plus some for larger units and those that come with a one car garage.

Island Club Condos on Hutchinson Island in Jensen Beach Island Club Condos on Hutchinson Island in Jensen Beach

Sorry, no pets are permitted in the Island Club, but rentals are allowed with some restrictions.

Island Club Condos on Hutchinson Island in Jensen Beach Island Club Condos on Hutchinson Island in Jensen Beach

If you’re in the market for unparalleled views from a spacious home on the ocean, the Hutchinson Island Club may be the perfect spot for you.

Click here for currently available Island Club Condos for Sale

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