Palm City FL 34990 Condo Market Report August 2016

09.21.16 by

Palm City FL 34990 Condo Market Report August 2016

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

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



There are currently 61 active condo listings. (Increased by 1 condos from July)

   Palm City FL 34990 Condo Market Report August 2016

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

Palm City FL 34990 Condo Market Report August 2016

1 Condos Sold in August. (Down by 3 condos from July)

Palm City FL 34990 Condo Market Report August 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Tere was only one closed sale for last month while pending sales remained almost unchanged and inventory rose slightly.

The current absorption rate for condos in the 34990 zip code area continued to rise, now at 61 months (was 20 months in August).   A very strong buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The August 2015 numbers were: 52 active listings, 8 pending sales and 5 closed sales.   Slightly higher inventory and not as active for closed sales this year as compared to last August.
Palm City FL 34990 Condo Market Report August 2016

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Palm City Florida Real Estate presented by:
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Palm City FL 34990 Condo Market Report August 2016

Bay Pointe Palm City September 2016 Market Report

09.21.16 by

Bay Pointe Palm City September 2016 Market Report

There are four homes currently for sale in Bay Pointe in Palm City FL.  These homes are listed for sale from $535,000 up to $2,595,000 for an average list price of $1,790,549 which equals $362.53 per sq. ft. of living space.

There are no homes currently under contract in Bay Pointe.

In the past 12 months, 3 homes have sold in Bay Pointe.  Sales prices ranged from $700,000 to $2,100,000 for an average sales price of $1,383,333 which works out to $256.90 per sq. ft. of living area.  These three homes were on the market for an average of 51 days before going under contract.  These homes sold for an average of 91% of the list prices.

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 2016).

Bay Pointe waterfront in Palm City FL
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.

Bay Pointe waterfront in Palm City FL
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.

Bay Pointe waterfront in Palm City FL

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 12/2016)  Please call for details.

Bay Pointe waterfront in Palm City FL

Search for Bay Pointe Homes for Sale

Bay Pointe Palm City September 2016 Market Report

Palm City FL 34990 Residential Market Report August 2016

09.20.16 by

Palm City FL 34990 Residential Market Report August 2016

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

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

 

There are currently 391 active listings (Increased by 8 homes from July)

Palm City FL 34990 Residential Market Report August 2016

 116 Residential sales are pending and awaiting close or lender approval. (Down by 4 homes from last month)

Palm City FL 34990 Residential Market Report August 2016

68 Homes Sold in July (Down by 15 homes from July)

Palm City FL 34990 Residential Market Report August 2016

The Palm City FL, zip code 34990 residential real estate market activity eased a bit from last month.  Both closed and pending sales are off for the month.  Though, we’re still in a sellers market for Palm City.
The monthly absorption rate increased to to 5.8 months from 4.6 months in July.  Drifting towards a balanced 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 2015 numbers were:  355 active listings, 155 pending sales and 74 closed sales. Our inventory is considerably higher this year, but the sales activity has slowed considerably and is less than that for the August 2015 time period.

Palm City FL 34990 Residential Market Report August 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 August 2016

The Meadows Palm City September 2016 Market Report

09.20.16 by

The Meadows Palm City September 2016 Market Report

There are currently 4 homes for sale in the Meadows in Palm City FL.  List prices range from $135,000 up to $329,000 for an average list price of $245,725 which equals $138.94 per sq. ft. of living area.

There are currently three pending sales in the Meadows.  These homes were listed for prices from $215,000 up to $284,900 for an average list price of $239,967 which is $148.48 per sq. ft. of living area.  These homes averaged 78 days on market before going under contract.

In the past 12 months there have been 61 sales in the Meadows.  Sales prices ranged from a low of $120,000 up to $344,000 with an average sales price of $217,321 or $137.68 per sq. ft. of living area.  These homes went under contract in an average of 48 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. Their 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.

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, basket ball, 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 Home building (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 2016 Market Report

Stuart FL 34997 Condo Market Report August 2016

09.19.16 by

Stuart FL 34997 Condo Market Report August 2016

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2016

For August 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 65 active condo listings (Down by 8 condos from July).

Stuart FL 34997 Condo Market Report August 2016

28 Condo sales are pending and awaiting close or lender approval (Up by 3 condos from July).

Stuart FL 34997 Condo Market Report August 2016

12 Condos Sold in August (Increased by 2 condos from July).

Stuart FL 34997 Condo Market Report August 2016

     The Stuart FL condo market for zip code 34997 showed increased sales and pending sales from last month.  A somewhat surprising result as we are in the typically slower condo market during the summer and early fall months.
     The absorption rate dropped to 5.4 months in August from 7.3 months for July.  Back into a seller’ market for the 34997 zip code area of Stuart condos after one month of being in a buyers’ market. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The August 2015 numbers were: 46 active listings, 18 pending sales and 6 closed sales.  Better activity on a greater inventory for this year as compared to last August.

Stuart FL 34997 Condo Market Report August 2016

Search for Stuart Condos for Sale by Price:

Stuart Florida Real Estate presented by:
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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2016

Galleon Bay September 2016 Market Report

09.19.16 by

Galleon Bay September 2016 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, 1 homes has sold.  The sales price was $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.

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 2016 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

Stuart FL 34997 Residential Market Report August 2016

09.18.16 by

Stuart FL 34997 Residential Market Report August 2016

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for August 2016

There are currently 297 active listings (Decreased by 2 homes from July).

Stuart FL 34997 Residential Market Report August 2016

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

Stuart FL 34997 Residential Market Report August 2016

78 Homes Sold in August (Decreased by 8 homes from July)

Stuart FL 34997 Residential Market Report August 2016

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate market and remains very active.  Though, the pace has moderated a bit from last year as well as previous months.  Interestingly, the inventory of available homes is significantly higher than it was last year.
     The absorption rate increased slightly to 3.8 months (was 3.5 months for July).  Still a strong sellers’ market for the 34997 zip code area of Stuart FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2015 numbers for August, were: 247 active listings, 174 pending listings and 79 closed sales.  Our inventory is considerably larger this year, but our pending and closed sales are less than last year indicating a somewhat slower market, but this is still a strong market.
Stuart FL 34997 Residential Market Report August 2016

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 August 2016

Quail Meadow September 2016 Market Report

09.18.16 by

Quail Meadow September 2016 Market Report

There is only one townhome currently available for purchase in Quail Meadow in the Martin Downs community of Palm City FL.  This homes is available for $194,900 which is $117.84 per sq. ft. of living area.

There are 4 homes under contract.  List prices range from $169,900 up to $228,500 for an average list price of $187,025 or $120.25 per sq. ft. of living area.  These homes averaged 34 days on the market before going under contract.

In the past 12 months, 7 homes have sold.  Sales prices were from $127,500 up to $185,000 for an average sales price of $156,000 which works out to $108.05 per sq. ft. of living area.  These townhomes averaged 93 days on market before going under contract and sold for an average of 95% 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 2016 Market Report

Stuart FL 34996 Condo Market Report August 2016

09.17.16 by

Stuart FL 34996 Condo Market Report August 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for August 2016

For August 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 120 active condo listings (Down by 2 condos last month).

Stuart FL 34996 Condo Market Report August 2016

33 Condo sales are pending and awaiting close or lender approval (Unchanged from July).

Stuart FL 34996 Condo Market Report August 2016

16 Condos Sold in August (Unchanged from July) 

Stuart FL 34996 Condo Market Report August 2016

The Stuart FL 34996 Condo Market of Stuart continues showing some weakness.  There was no change in sales or pending sales from last month with only a minor drop in inventory.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 inched down slightly to 7.4 months from July’s 7.5 months.  Continuing a second month of being sellers’ market for this segment of Stuart FL condos.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for August 2015 were: 78 active listings, 53 pending sales and 20 closed sales.  A significant increase in available condos for sale as compared to last August while also having considerably less closed and pending sales.

Stuart FL 34996 Condo Market Report August 2016

Search Stuart FL Condos by Price Below:

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report August 2016

Southwood September 2016 Market Report

09.17.16 by

Southwood September 2016 Market Report

For September 2016 there are 3 homes for sale in the Southwood community of Stuart, FL.  These homes are priced from $379,900 up to $444,900 for an average list price of $404,600 which equals $182.14 per sq. ft. of living area.

There is 1 home under contract which was listed for $315,000 or $159.25 per sq. ft. of living area.  This home was on the market for 135 days before going under contract.

In the past 12 months, 4 homes have sold in the Southwood subdivision of Stuart.  The sales prices ranged from $255,000 up to $324,000 for an average sales price of $290,000 which works out to $152.02 per sq. ft. of living area.  These homes went under contract in an average of 26 days and sold for 99% of the last list price.

About Southwood in Stuart, FL:

Southwood is a small community of 115 home sites located just south east of Salerno Rd on Kanner Highway in Stuart FL.  This location makes it easy for anyone wishing to commute either north or south as it’s only a few minutes to I-95.  It is also close to the Publix shopping center at the intersection of Kanner Highway and Salerno Rd and also just minutes to Martin Memorial South Hospital.  Only about 10 to 15 minutes to downtown Stuart and just slightly longer to the beaches and waterways of Martin County.

Entrance to Southwood of Stuart FL

Children in Southwood attend Pinewood Elementary, David L. Anderson Middle and Martin County High Schools.  All great schools.  Click on the above links for more information about each school.

One enters the Southwood subdivision through a long private drive.  Currently this community is not gated, yet offers the utmost in privacy and safety.  The homes were built from 1990 to 2001 and are all individual styles from various builders.  This is not a cookie cutter community.  Home sizes range from 3 bedroom, 2 bathroom homes with 2 car garages of just under 1,700 square feet of living area of to 4 bedroom, 3 bathroom homes of just under 3,000 sq. ft.

pond in Southwood of Stuart FL

There are a number of ponds and creeks throughout Southwood and this community is mostly surrounded by either preserve lands or acreage.  There is no community pool or clubhouse so the HOA fees are a very reasonable $285 a quarter as of this writing and include trash and basic cable TV.  Though there are some magnificent nature trails through thepreserve areas.

creek in Southwood of Stuart FL

Southwood is a gem of a neighborhood and is little known to many Martin County residents.  There is very low turnover in this community so, if you’re interested let us know and we can put you on a listing alert notification for this community.

Click here to see if any Southwood Homes are currently available

Southwood September 2016 Market Report

Stuart FL 34996 Residential Market Report August 2016

09.16.16 by

Stuart FL 34996 Residential Market Report August 2016

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for August 2016

For August 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 144 active listings (Down by 7 homes from July).

Stuart FL 34996 Residential Market Report August 2016

32 Residential sales are pending and awaiting close or lender approval (Up by 5 homes from July).

Stuart FL 34996 Residential Market Report August 2016

12 Homes Sold in August (Decreased by 12 homes from July).

Stuart FL 34996 Residential Market Report August 2016

The 34996 zip code area of the Stuart Florida residential real estate market showed decreasing sales activity for the month of August.  Pending sales did increase slightly, so hopefully closed sales will make a comeback in the coming months.

The one month absorption rate for the 34996 zip code area of Stuart Florida for August increased to 12 months as compared to July’s 6.3 months.  Moved into a buyers’ 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 August of 2015 were: 139 active listings, 32 pending sales and 14 closed sales.  Similar results as compared to August of last year with a slightly higher inventory of available Stuart homes for sale.

Stuart FL 34996 Residential Market Report August 2016

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

Stuart Florida Real Estate presented by:

the Gabe Sanders real estate team

Stuart FL 34996 Residential Market Report August 2016

Hammock Creek September 2016 Market Report

09.16.16 by

Hammock Creek September 2016 Market Report

There are currently 11 homes actively listed in Hammock Creek in Palm City, Florida.  Prices range from $375,000 to $699,900.  The average list price is $529,527 at $162.86 per square foot of living area.

There are 7 homes currently under contract awaiting closing.  The list prices range from $353,750 to $649,000 at an average list price is $464,664 which is equal to $165.80 per square foot of living area.  These homes averaged 118 days from list date to being under contract.

In the past 12 months, 28 homes have sold in Hammock Creek.  Sales prices ranged from $319,000 to $640,000 with an average sales price of $466,913 or $155.03 per square foot of living area.  These homes went under contract in an average of 53 days and sold for 97% of list price.

Hammock Creek is a lovely gated upscale neighborhood consisting of three separate sections, The Sanctuary, The Preserve, and The Estates. The community is centered around the Hammock Creek Golf Course, a Jack Nicklaus designed course. Homes in Hammock Creek consist of one and two stories with square footage ranging from 2000 to over 5000 square feet and prices starting in the low 300’s.Most of the homes sit on generous lots with a view of either the lake, preserve, or golf course.

There are wide paver sidewalks ideal for families who enjoy biking, walking, and jogging. Close to fine shopping, nice restaurants, immediate access to I-95 and the turnpike, and A Rated Palm City schools makes Hammock Creek one of Martin County’s premier neighborhoods.

Low HOA fees ranging from approximately $260 to $390 per month depending on which section one resides .

Depending on which section of Hammock Creek you are in HOA fees run from $285 to $485 per quarter.   The ‘A’ rated Martin County schools that children from Hammock Creek attend are the Palm City elementary, Hidden Oaks middle and Martin County high schools.

Here are the currently available homes in Hammock Creek September 2016 Market Report

For any questions you may have about Hammock Creek September 2016 Market Report, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Palm City Florida Real Estate
Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Hammock Creek September 2016 Market Report

Stuart FL 34994 Condo Market Report August 2016

09.15.16 by

Stuart FL 34994 Condo Market Report August 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for August 2016

For August 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 89 active condo listings (Up by 15 condos from July).

Stuart FL 34994 Condo Market Report August 2016

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

Stuart FL 34994 Condo Market Report August 2016

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

Stuart FL 34994 Condo Market Report August 2016

The Stuart FL 34994 Condo market showed a nice bounce back from a slow July as both pending and closed sales saw an increase.

The absorption rate for August decreased to 5.6 months compared to last month’s 7.4.  Once again back into a sellers’ market for this condo segment of Stuart’s 34994 zip code area.  This is somewhat surprising as condo sales often slow down during the summer months.  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 August the numbers were 76 active listings, 27 pending sales, and 14 closed sales.   Somewhat greater activity for August of 2016 with a slightly higher inventory as well.

Stuart FL 34994 Condo Market Report August 2016

Search for Stuart FL Condos by Price Below:

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

Stuart Florida Market Report ZIP Code 34994 – Condo, August 2016

September 2016 Market Report for Islesworth in Palm City FL

09.15.16 by

September 2016 Market Report for Islesworth in Palm City FL

There are currently 4 homes for sale in Islesworth in Palm City, Florida.  List prices range from $389,900 to $489,000 for an average list price of $424,475 which is equal to $155.32 per sq. ft. of living area.

There are 3 currently under contract in Islesworth. The list price of these homes ranged from $325,000 to $444,999 for an average list price of $391,066 or $142.67 per sq. ft. of living area.  These homes averaged 49 days on the market before going under contract.

In the past 12 months, 11 homes have sold in Islesworth.  Sales prices ranged from $334,000 to $446,200 with an average sales price of $404,555 which works out to $142.55 per square foot of living area. These homes averaged 66 days on the market prior to going under contract and sold for 98% of the listing price.

The Islesworth subdivision in Palm City is a very attractive neighborhood located in the heart of Palm City, FL in a non-gated community off of Route 714 (Martin Highway).  This was a Pulte community with 113 homes being built from 1996 through 1998.  Most homes are on spacious lots from just under to over ¼ acre sites.

Many homes enjoy serene water views as there are two smaller lakes in this community.  Both single and two story homes with the vast majority being 4 bedroom homes though there are a number of 5 bedroom homes as well as a few 3 bedroom homes.  The current HOA fees are a very reasonable $463.00 per quarter.  The fees include maintenance and insurance of the common areas, roads, reserve funds and basic cable TV.

Islesworth is right next door to Hidden Oaks Middle School and only a short bike ride to Palm City Elementary School.  Children in Islesworth go to Martin County High School which is approximately 5 miles away.

Close to grocery and other shopping as well as medical facilities and places of worship, Islesworth offers very easy access to most resident’s needs.  For those needing to commute, both Florida’s Turnpike and I-95 are both only a short distance away.

Here are the currently available homes in September 2016 Market Report for Islesworth in Palm City FL

For any questions you may have about September 2016 Market Report for Islesworth in Palm City FL, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Palm City Florida Real Estate
Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

September 2016 Market Report for Islesworth in Palm City FL

Stuart Florida Market Report ZIP Code 34994 Residential August 2016

09.14.16 by

Stuart Florida Market Report ZIP Code 34994 Residential August 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for August 2016

For August, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 64 active listings (Down by 6 homes from July)

Stuart Florida Market Report ZIP Code 34994 Residential August 2016

25 Residential sales are pending and awaiting close or lender approval (Decreased by 8 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential August 2016

13 Homes Sold in July (Down by 5 homes from July)

Stuart Florida Market Report ZIP Code 34994 Residential August 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida eased off slightly for July while still remaining a strong market. Though the inventory is up slightly from last year, it is still low by historic standards.

The one month absorption rate for the 34994 zip code for August increased to 4.9 months from 3.9 months for July.  Still in a sellers’ 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 August 2014 numbers were 52 Active Listings, 21 pending sales and 9 closed sales.   Much the same as happened last year with a decrease in activity from July to August but this year still had better activity than last.

Stuart Florida Market Report ZIP Code 34994 Residential August 2016

Search here for Stuart Florida Real Estate for Sale

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Stuart Florida Market Report ZIP Code 34994 Residential August 2016

Plantation at Sewalls Point September 2016 Market Report

09.14.16 by

Plantation at Sewalls Point September 2016 Market Report

For September 2016 there are 3 homes available for sale in the Plantation at Sewalls Point.  List prices range from $1,350,000 to $3,795,000 for an average list price of $1,525,000 which equals $445.33 per sq. ft. of living area.

There are no homes under contract at present in the Plantation at Sewalls Point.

In the past 12 months, there have been 3 sales in the Plantation at Sewalls Point.  Sales prices ranged from $975,000 to $5,450,000 for an average sales price of $2,618,333 which works out to $335.23 per sq. ft. of living area.  These homes averaged 245 days on market before going under contract and sold for an average of 89% of the final list price.

The Plantation at Sewalls Point is an exclusive private community of only 21 home sites.  There are 10 large estate sized waterfront lots with deep water docks and views of the Saint Lucie River some with magnificent waterfront views of the Saint Lucie River.  11 smaller non-waterfront home-sites on 1/2 to 1 acre sites.  All homes were custom built by individual contractors/builders from 1994 to the early 2000’s.

Some of Martin County’s most elegant homes can be found in the Plantation at Sewalls Point. Conveniently located close to Indian Riverside Park, the United States Olympic Sailing Center, Deep Water marinas, restaurants, shopping and all of this within an ‘A’ rated school system.

The HOA fees depend on the size of the property and range from around $900 a quarter to $1,400.  The Plantation at Sewalls Point is one of the most prestigious communities in Martin County and the Treasure Coast of FL.

Search here for homes for sale in the Plantation at Sewalls Point, Florida

 

Plantation at Sewalls Point September 2016 Market Report

Sewalls Point Single Family Market Report August 2016

09.13.16 by

Sewalls Point Single Family Market Report August 2016

Sewalls Point Real Estate Snapshot, Residential Sales for August 2016

There are currently 66 active listings (Down by 3 homes since last month)

Sewalls Point Single Family Market Report August 2016

14 home sales are pending and awaiting close or lender approval (Increased by 3 homes from July)

Sewalls Point Single Family Market Report August 2016

6 Homes sold in August (Increased by 4 home sales from July)

Sewalls Point Single Family Market Report August 2016

The single family real estate market in Sewalls Point for August rebounded from last month’s slow closed sales activity.  Pending sales also rose a little while the inventory of available homes for sale is up from last year but down slightly from last month.

The current absorption rate dropped to 11 months, in July it was 34.5 months.  Still a sellers market, but a large improvement from July’s numbers.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to August of 2014, the inventory was 59 homes on the market, 16 pending sales and there were 3 closed sales.  Better closed sales for this year, but we also have a greater number of available homes for sale.

Sewalls Point Single Family Market Report August 2016

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Sewalls Point Single Family Market Report August 2016

 

Castle Hill September 2016 Market Report

09.13.16 by

Castle Hill September 2016 Market Report

There are currently 2 homes for sale in Castle Hill in Sewalls Point, FL.  The listing prices are $969,000 and 999,000.  The average list price is $984,000 which equals $234.23 per sq. ft. of living area.

There are currently no homes under contract, pending a sale.

In the past 12 months, 2 Castle Hill homes have sold. Sale prices were $2,150,000 and $6,000,000 for an average sales price of $4,075,000 or $614.08 per sq. ft. of living area.  These homes sold in an average of 519 days on market before going under contract and for 93% of the last listed price.

Castle Hill is an exclusive enclave of 46 homes and lots in prestigious Sewalls Point in Stuart Florida.

This community sits in an unparalleled location only minutes from beaches and equidistant from both the Jensen Beach and Stuart causeways.  Close to marinas and launch facilities as well as shopping, restaurants and schools.

Residents of Castle Hill enjoy the good life with low HOA fees (currently $285 per quarter) and a quiet family friendly neighborhood for year round Florida living.  Homes range from multi million waterfront properties high on the deep Saint Lucie River to half acre and larger dry home fronts with homes now starting in the high $400,000’s.

It’s an easy ride to either downtown Jensen Beach or downtown Stuart from Castle Hill.  Also, just about equi-distant from the public beaches at Jensen and Stuart Beaches.  Only a minute or two to public boat ramps as well as the Olympic Sailing Center and the Indian Riverside Park.  Really a wonderful location which makes Castle Hill such a desired community to call home.

Castle Hill was established in the early 1990’s and remains one of the prime locations to call home on the Treasure Coast.

Children attend Martin County schools and currently are zoned for the Felix Williams elementary, Stuart middle and the Jensen Beach high schools.  These are some of the finest schools in the State of Florida.

Here are the currently available homes for sale in Castle Hill

Castle Hill September 2016 Market Report

Should I Stay or Should I Sell Now?

09.12.16 by

Should I Stay or Should I Sell Now?

should I sell

As the nation’s economy finally takes a turn for the better, home sales are also on the rise; with buyers in many areas clamoring to pay top prices for the homes of their dreams. It is indeed a buyer’s market, with house prices escalating and the demand for homes skyrocketing to levels unseen in recent years.

In this market, you may be experiencing a renewed interest in posting your home up for sale; casting your upscale, top notch residence out into the vast pool of potential buyers, to see if anyone bites—and buys.

Before you do so, however, you may wish to ask yourself these questions about your home; and, for that matter, about the real estate market in your community. These include:

1. Do you really want to sell your home? If you are still comfortable in your home and pleased with its condition and location, then you may just wish to stay put; delaying the complexities and difficulties involved in selling a home, buying a home, moving from one residence to another, etc.

2. Is the housing market in your area stable and successful? Although the housing market on the whole is on the rise at various points across the country, you may wish to check with local financial experts and journals to gauge the state and condition of the market in your area. Only once you are assured of a stable buyer’s market in your area should you seriously consider selling your home.

3. Have you researched your prospective sale? If you were to put your house on the market next week, for example, would you know the price and conditions under which you would like to sell the home? The decision to sell a home should not simply be a cash in on a trend; it should be a preconceived and well thought out plan that will benefit both you and your seller.

4. Is your home ready for resale? Is your house clean and in good condition, both from interior and exterior perspectives? Would you be comfortable presenting the house at a showing or open house? Of course the answer is probably yes; all the same, you may wish to assess your home’s overall salability before putting the residence up for sale.

5. Have you consulted a real estate agent? You just knew we’d say that, didn’t you? Seriously, though; a licensed real estate sales professional can answer all of your questions about the sale of your home—and also may be able to find you a buyer! (Always a bonus:)

If you’re in or around the Stuart Florida area, give me a call at (772) 323-6996 or visit my Stuart Florida real estate site.

 

Oak Ridge September 2016 Market Report

09.12.16 by

Oak Ridge September 2016 Market Report

There are currently 4 homes available for sale in Oak Ridge in Palm City, FL.  The list prices range from $389,000 to $479,500 for an average of $437,075 which is $178.14 per sq. ft. of living area.

There are 2 homes under contract and awaiting settlement.  The list prices are $439,900 and $454,500 for an average list price of  $447,200 or $174.21 per sq. ft. of living area.  These two homes were on the market for an average of only 9 days before going under contract.

10 homes have sold in Oak Ridge in the past 12 months.  Sale prices ranged from $270,000 to $432,000.  The average sold price was $376,660 which equals $165.10 per sq. ft. of living area.  These homes went under contract in an average of 51 days and sold for 95% of list price.

Located in a quiet tranquil corner of Palm City Florida, the Oak Ridge community of 224 homes is conveniently located close to top rated schools, shopping, I-95 and Florida’s Turnpike, golf courses, cultural activities, parks and beaches. Linked with tree lined streets and cul-de-sacs, homes are located on preserves or water front on lakes or ocean access canals. Enhanced private homesites within a traditional community setting. The gated neighborhood of Oak Ridge offers a 2000 sq. ft. club house, pool, two lighted tennis courts and a deep water ocean access boat ramp. Each house is ideally situated on a lake or preserve property.

There is a mandatory Home Owners Association with reasonable quarterly dues which cover Basic Cable TV, Landscaping and Maintenance of all Common Areas, Gate Maintenance, Property Manager & Reserve Funds.

Residents of Oak Ridge are in the Martin County School system and currently the assigned schools are Bessey Creek Elementary, Hidden Oaks Middle and Martin County High School.

Only minutes to Pendarvis Cove Park on the shores of the Saint Lucie River. Additional boat ramp and trailer parking and home of the sailing club.

Other close by amenities include lots of great shopping, easy access to Florida’s Turnpike and I-95. Only 15 minutes to the shores of the Atlantic Ocean. Give us a call if you’d like additional information about this wonderful Palm City community.