Hobe Sound FL 33455 Residential Market Report June 2016

07.22.16 by

Hobe Sound FL 33455 Residential Market Report June 2016

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

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

There are currently 193 active listings. (Down by 20 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2016

100 Residential sales are pending and awaiting close  (Up by 10 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2016

54 Homes Sold in June (Up by 2 homes from last month)

Hobe Sound FL 33455 Residential Market Report June 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues perform strongly even as the inventory declined for this month, though still greater than last year.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 3.6 months (4.1 months in May).  Continuing in the trend for all of Martin County as a sellers market.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for June 2015 were:  150 active listings, 119 pending sales and 61 closed sales.  Interestingly for Hobe Sound the inventory is up from last year while volume of sales and pending sales is still lower.  Though, this is still an active market, just not as super heated as last year.

Hobe Sound FL 33455 Residential Market Report June 2016

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the Gabe Sanders real estate team

Hobe Sound FL 33455 Residential Market Report June 2016

Portofino Condos at Jensen Beach July 2016 Market Update

07.22.16 by

Portofino Condos at Jensen Beach July 2016 Market Update

As of July 2016 there are no condos available for sale in Portofino.

There is one condo that is under contract and has not sold to date.  This 2 Bedroom, 2 bathroom condo was listed for $129,000 ($121.13 per sq. ft. of living area) and was on the market for 20 days before going under contract.

In the past 12 months, 8 condos have sold, ranging in sales price from $77,500 to $135,000 for an average sales price of $109,050 which equals a price per sq. ft. of $104.92.  The average days on market was 27 days and the average list to sales price ratio was an incredible 96%

Portofino condos remain in high demand and sales prices continue to rise.  Many of the units continue to be controlled by the former developer who has not released them for sale and continues to run a rental program.

Portofino Condos at Jensen Beach are one of the newest condominium subdivisions in Martin County.  Originally built as an upscale apartment complex around 2000, this development was turned into condominiums and began sales in 2005.  Due to the downturn in the housing market, not all units were sold and some are now being offered for lease.  Portofino Condos at Jensen Beach July 2016 Market Update features 1, 2 and 3 bedroom units with separate garage parking as an added purchase when available.  Unit sizes are 802 sq. ft. for the 1 Bedroom 1 bath, 1074 sq. ft. for the 2 Bedroom 2 bath, and 1252 sq. ft. for the 3 Bedroom 2 bath.

The Condo Owners Association fees range from $190 to $315 per month depending on unit size and for garage owners, there’s an additional $20 per month charge.  Fees include the extensive grounds and gated entry as well as the amenities, which include a large community pool, heated whirlpool, state of the art fitness center, indoor racquetball court, tennis court, playground and a private clubhouse with a full kitchen.

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

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

 

Jensen Beach Florida Real Estate

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

Portofino Condos at Jensen Beach July 2016 Market Update

Jensen Beach FL 34957 Condo Market Report June 2016

07.21.16 by

Jensen Beach FL 34957 Condo Market Report June 2016

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

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



There are currently 22 active listings. (Decreased by 4 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2016

14 Condo sales are pending and awaiting settlement. (Up by 3 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2016

3 Condos Sold (No change in sold condos from May)

Jensen Beach FL 34957 Condo Market Report June 2016

 The Jensen Beach FL 34957 Condo Market Report June 2016 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  For June of 2015, available inventory remains quite low, while the pending sales numbers are quite good when the inventory is considered.

The one month absorption rate for the June 2016, Jensen Beach Florida Market Report ZIP Code 34957 dropped a bit to 7.3 months (from 8.7 months in May), still a buyers market for the first time in close to two years.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The June 2015 numbers were: 31 active listings, 11 pending sales and 5 condos closed.  Better sales numbers for last year, but pending sales look good for this year even with the reduced inventory of available condos.

Jensen Beach FL 34957 Condo Market Report June 2016

Jensen Beach Condominium Properties by Price

 

Jensen Beach Florida Real Estate presented by:
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Jensen Beach FL 34957 Condo Market Report June 2016

Jensen Beach FL 34957 Residential Market Report June 2016

07.20.16 by

Jensen Beach FL 34957 Residential Market Report June 2016

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

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

 There are currently 99 active listings. (Down by 17 homes from last month)

Jensen Beach FL 34957 Residential Market Report June 2016

70 Residential sales are pending and awaiting close or lender approval. (Increased by 3 homes from May)

Jensen Beach FL 34957 Residential Market Report June 2016

37 Homes Sold (No change in home sales from May)

Jensen Beach FL 34957 Residential Market Report June 2016

The Jensen Beach FL 34957 Residential Market continues to perform well.  After an increase in inventory for last month, we’re back to slim pickings again for the number of available homes for sale.  Both pending and closed activity remains very active.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 2.7 months ( was 3.1 months in March).  A very extreme sellers market for Jensen Beach.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The June 2015 numbers were: 119 active listings, 90 pending sales and 46 home sales closed.   Considerably better numbers from last year along with a greater inventory of available Jensen Beach homes for sale.
Jensen Beach FL 34957 Residential Market Report June 2016

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All Residential properties for sale in the 34957 Zip Code area of Jensen Beach FL

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Jensen Beach FL 34957 Residential Market Report June 2016

Think Like a Buyer

07.20.16 by

Think Like a Buyer

for-sale

If you are planning to sell your Martin County home anytime in the near future, then you no doubt feel that your residence will make an exemplary addition to today’s flourishing real estate market. And while you are probably absolutely right in this assertion, you may want to take a moment and look at your home from the prospective of a potential buyer.

As someone who is bound to view and inspect a vast number of homes before they make a final buying decision, a buyer is going to view your home through a very special lens, and from a most unique prospective. As such, you must be willing to surrender your personal and highly sentimental view of your house (one that you hold with good reason, as your residence is beautiful), and investigate your home from the prospective of someone who might consider making it their own.

1. Does your home look buyable? Your home no doubt holds a great deal of sentimental appeal for you. Yet if you were seeing the house for the first time, would you consider it clean and attractive?

2. Is your home competitive with other homes available in your area’s current real estate market? Remember that today’s buyers have a rich selection of homes from which to choose; so it might benefit you to peruse current real estate listings advertised online, in the newspaper and in MLS books and real estate magazines. See how your house stacks up in terms of benefits and amenities offered, along with its asking price.

3. Is your home located in a desirable location? It always helps if your home is located in a community that comes complete with rich and varied occupational, educational, cultural and recreational opportunities. The crime rates, tax rates, environmental landscape, and governmental structure of your community also might play roles in a person’s eventual decision to buy or not to buy your home. The better your community, the better your prospects of selling a home located in this community.

4. Is your home one that you would buy yourself? If you were visiting your home for the first time, would you consider buying it? It might sound like a silly question, but it is one you must ask when putting your residence up for sale—and answer to the very best of your ability, to get the optimum price for your beautiful home. Happy selling!

If you’d like some help in pricing your home, just fill out this form and we will get an approximate price to get you started.  Though, this is still no substitute for a full CMA (Comparative Market Analysis).

Palm City FL 34990 Condo Market Report June 2016

07.19.16 by

Palm City FL 34990 Condo Market Report June 2016

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

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



There are currently 65 active condo listings. (Increased by 3 condos from May)

   Palm City FL 34990 Condo Market Report June 2016

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

2 pending

7 Condos Sold in June. (No change in sold condos from May)

Palm City FL 34990 Condo Market Report June 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  The activity in this market has slowed considerably for June and with the weak pending numbers, this may continue for the next few months.

The current absorption rate for condos in the 34990 zip code area shot up to 16.3 months (was 8.9 months in June).   Now one of the few areas where it’s a strong  buyers market in Martin County.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The June 2015 numbers were: 51 active listings, 14 pending sales and 8 closed sales.   Better activity last year as compared to this year even with increased inventory for 2016.
Palm City FL 34990 Condo Market Report June 2016

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Palm City FL 34990 Condo Market Report June 2016

Palm City FL 34990 Residential Market Report June 2016

07.18.16 by

Palm City FL 34990 Residential Market Report June 2016

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

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

 

There are currently 362 active listings (Decreased by 15 homes from May)

Palm City FL 34990 Residential Market Report June 2016

 168 Residential sales are pending and awaiting close or lender approval. (Up by 6 homes from last month)

Palm City FL 34990 Residential Market Report June 2016

76 Homes Sold in May (Down by 8 homes from May)

Palm City FL 34990 Residential Market Report June 2016

The Palm City FL, zip code 34990 residential real estate market activity continues to be quite active.  After a slight increase in inventory for last month, it’s back down again for June and sales have slowed somewhat while still being an active market, just not as hot as in previous months.
The monthly absorption rate increased to to 4.8 months from 4.5 months in May.  Still in a strong sellers market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The June 2015 numbers were:  358 active listings, 163 pending sales and 128 closed sales.  Much better closed volume from last year with other metrics very similar.

Palm City FL 34990 Residential Market Report June 2016

 Search here for Palm City Florida Real Estate for Sale

Palm City Florida Real Estate presented by:
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Palm City FL 34990 Residential Market Report June 2016

How to Finance A New Home Before Selling Your Present Home

07.18.16 by

How to Finance A New Home Before Selling Your Present Home

financing

Obtaining financing while owning a home can be tricky; however, there are some options to consider before simply giving up and potentially losing a chance at your new dream home. Stuart, FL (and other area) buyers have several options for balancing the sale and purchase of a home and understanding how those options might help you seal the deal.

Open a Home Equity Line

Tapping the equity in a currently owned home can be a fast and inexpensive way to gather the funds needed for a new purchase.

HELOC (Home Equity Line of Credit) benefits can include:

  • Interest only payments for the amount borrowed.
  • Competitive HELOC rates with good credit.
  • Nominal fee (sometimes free) to open the line.
  • Typically no penalty for closing a line early when the property is sold.

Buyers will need to qualify for a new mortgage with the total debt of the existing mortgages and proposed mortgage payment.

Borrowing from a 401K

Borrowing a down payment from a 401k can be a great way to obtain financing; however, while it’s acceptable to make mention of a 401k loan, its best to suggest speaking with a financial expert and HR representative about the advantages and disadvantages of self-financed down payments.

Apply for a Bridge Loan

Bridge loans bridge the gap between the current home and the purchase of a new home. The loan allows home buyers to tap equity for use as a down payment.

Some bridge loan facts:

  • The cost for a bridge financing is more expensive than a line of credit.
  • Applicants must qualify for both mortgages.
  • Payments may not be required for several months; however, interest will continue to accrue.

Lending guidelines will vary from lender to lender and it’s best to point your clients in the direction of a knowledgeable mortgage professional who can determine the most appropriate financial option.  If you’re looking for options here in Martin County, give me a call and I can recommend some potential folks that can help you.

 

Stuart FL 34997 Condo Market Report June 2016

07.17.16 by

Stuart FL 34997 Condo Market Report June 2016

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

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

There are currently 74 active condo listings (Up by 1 condo from May).

Stuart FL 34997 Condo Market Report June 2016

27 Condo sales are pending and awaiting close or lender approval (Down by 13 condos from May).

Stuart FL 34997 Condo Market Report June 2016

24 Condos Sold in June (Increased by 7 condos from May).

Stuart FL 34997 Condo Market Report June 2016

     The Stuart FL condo market for zip code 34997 continues to show very strong activity as we get into what will be a typically slower summer season.
     The absorption rate dropped to 3.1 months in June from 4.3 months for May.  A strong sellers market for the 34997 zip code area of Stuart condos. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The June 2015 numbers were: 35 active listings, 19 pending sales and 17 closed sales.  Better volume this year with more than double the inventory as well.

Stuart FL 34997 Condo Market Report June 2016

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

Palm City Waterfront Pool Home New Price

07.17.16 by

Palm City Waterfront Pool Home New Price

1583 SW Seagull Way in the Seagate Harbor community of Palm City is now offered for $409,000.


Palm City Waterfront with Dock
Overview
Maps
Photos
Description
Neighborhood
$409,000
Located in the desirable waterfront community of Seagate Harbor. Three bedroom, 2 bath home on 80 ft wide canal with access to St Lucie River and ocean access. 50 ft dock has electrical. Water depth is a minimum of 5 ft at low tide according to the owner. Hayden mango trees and banana trees are on property. Home has tile in main living area and carpet in master and 1 guest bedroom. There is a butler pantry off of the kitchen that is 5×5. There is a bonus room off the master that can be used as an office or sitting area that is 5×11. Live and play on the water.
Main Features
3 Bedrooms
2 Bathrooms
Interior: 1,169 sqft
Lot: 8,319 sqft
Year Built: 1977
MLS #: 386351
Location
1583 SW Seagull Way
Palm City, FL 34990
USA
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About Lighthouse Point and Seagate Harbor

A boater’s and sailor’s Delight in an affordable waterfront niche community with deep water dockage! Nature and families are the focus in this desirable community characterized by beautiful homes, parks, nearby golf, restaurants, shopping, and A Rated schools!

Lighthouse Point and Seagate Harbor real estate in Palm City FL

Almost every home has waterfront dockage available in an intricate network of deep water canals. Some select homes with wide views of the Saint Lucie River. A community boat ramp is also available. Everything a boater would want!

Lighthouse Point and Seagate Harbor in Palm City FL

The homeowner’s association is very reasonable at only $50 and $75 per year, most of which goes towards a number of great community get togethers throughout the year. These two neighboring communities are in the ‘A’ rated Martin County school system with local children currently zoned fir Bessey Creek Elementary, Hidden Oaks Middle and Martin County High Schools.

Lighthouse Point and Seagate Harbor in Palm City FL

There are no fixed bridges to the open Ocean (Only high span 60’ +). The canals are maintained and dredged to a 6’ depth. In recent years sewer and city water have been brought to these communities which has resulted in the transformation starting to take place in this waterfront neighborhood as homes are being torn down or renovated to larger and more state of the art structures.

Those looking for affordable waterfront in the Martin County area may want to act sooner than later as current prices have been rising rapidly.

Search the Martin County MLSSearch for available homes in Lighthouse Point and Seagate Harbor

Price Reduced – Seagate Harbor Waterfront Pool Home

Stuart FL 34997 Residential Market Report June 2016

07.16.16 by

Stuart FL 34997 Residential Market Report June 2016

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

 

There are currently 299 active listings (Decreased by 5 homes from May).

Stuart FL 34997 Residential Market Report June 2016

173 Residential sales are pending and awaiting close or lender approval (Down by 43 homes from May).

Stuart FL 34997 Residential Market Report June 2016

125 Homes Sold in June (Increased by 16 homes from May)

Stuart FL 34997 Residential Market Report June 2016

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate market. It is also currently the most active in terms of sales volume and shows little signs of easing up.  Though, I will expect some softening for the summer months.
     The absorption rate continues to drop, now down to 2.4 months (was 2.8 months for May).  A very 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 June, were: 257 active listings, 200 pending listings and 113 closed sales.  Closed sales outpaced last years’ volume though pending sales numbers are lower.  Inventory is higher this year than last.
Stuart FL 34997 Residential Market Report June 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 June 2016

 

Stuart FL 34996 Condo Market Report June 2016

07.15.16 by

Stuart FL 34996 Condo Market Report June 2016

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

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

There are currently 74 active condo listings (Down by 46 condos last month).

Stuart FL 34996 Condo Market Report June 2016

27 Condo sales are pending and awaiting close or lender approval (Decreased by 13 condos from May).

Stuart FL 34996 Condo Market Report June 2016

21 Condos Sold in June (Decreased by 11 condos from May) 

Stuart FL 34996 Condo Market Report June 2016

The Stuart FL 34996 Condo Market of Stuart had a large unexpected drop in inventory for this month.  Though the market activity remains strong.  It remains to be seen if this decline in inventory is just a short term phenomenon.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 3.5 months from May’s 3.8  months.  Still in a strong sellers’ market for June.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for June 2015 were: 102 active listings, 28 pending sales and 26 closed sales.  Slightly better volume last year but also with much more inventory.

Stuart FL 34996 Condo Market Report June 2016

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Stuart FL 34996 Condo Market Report June 2016

Central Stuart Pool Home New price

07.15.16 by

Central Stuart Pool Home with a New price

 Charming Old Florida Homestead

Overview
Maps
Photos
Description
$560,000
Unique Old Florida charm. Enter the home with wood floors and Miami Dade wood ceilings, with wood burning fireplace, exposed beams and vaulted ceilings. Open floor plan with views of the pool from living and family room. Hurricane impact sliders opens up the family room to enjoy the Florida outdoors. The 80 inch smart TV on an adjustable arm allows you to entertain and watch the TV on the patio conveys with the house. Main house has two bedrooms two baths with a third bedroom and half bath with separate entrance. There is a detached apartment with full kitchen and double walk-in closet. Hurricane safe room located on the property. Lush tropical landscaping with some fruit trees. four car detached carport and two storage sheds. Florida living at its best!
Main Features
4 Bedrooms
3 Bathrooms
1 Half Bathroom
3 Units
Interior: 2,148 sqft
Lot: 0.53 acre(s)
Year Built: 1950
MLS #: 386089
Location
221 SE Martin Avenue
Stuart, FL 34996
USA
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Stuart FL 34996 Residential Market Report June 2016

07.14.16 by

Stuart FL 34996 Residential Market Report June 2016

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

 

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

 

There are currently 158 active listings (Up by 8 homes from May).

Stuart FL 34996 Residential Market Report June 2016

43 Residential sales are pending and awaiting close or lender approval (Down by 5 homes from May).

Stuart FL 34996 Residential Market Report June 2016

26 Homes Sold in June (Increased by 4 homes from May).

Stuart FL 34996 Residential Market Report June 2016

The 34996 zip code area of the Stuart Florida residential real estate market showed solid activity for June 2016.  We also have a welcome increase in inventory that will hopefully continue through the end of this year.

The one month absorption rate for the 34996 zip code area of Stuart Florida for June decreased to 6.1 months as compared to May’s 6.8 months.  A balanced 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 June of 2015 were: 136 active listings, 44 pending sales and 8 closed sales.  Much better sales activity for this year as compared to last year.

Stuart FL 34996 Residential Market Report June 2016

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

Stuart Florida Real Estate presented by:

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Stuart FL 34996 Residential Market Report June 2016

Stuart FL 34994 Condo Market Report June 2016

07.13.16 by

Stuart FL 34994 Condo Market Report June 2016

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

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

There are currently 76 active condo listings (Down by 7 condos from May).

Stuart FL 34994 Condo Market Report June 2016

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

Stuart FL 34994 Condo Market Report June 2016

27 Condos Sold in June (Up by 9 condos from May).

Stuart FL 34994 Condo Market Report June 2016

The Stuart FL 34994 Condo market had a very strong sales month for June of 2016.  Pending sales are off slightly, but this is still an active market.

The absorption rate for June dropped to 2.8 months compared to last month’s 4.6.   An extreme sellers’ market for the condo segment of Stuart’s 34994 zip code area.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last June the numbers were 83 active listings, 34 pending sales, and 23 closed sales.   Slightly better closed volume for 2016 with a lower amount of inventory

Stuart FL 34994 Condo Market Report June 2016

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Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34994 – Condo, June 2016

July 2016 Archipelago Real Estate of Sewalls Point Market Report

07.13.16 by

July 2016 Archipelago Real Estate of Sewalls Point Market Report

For July of 2016 there are three active listings on the market in the Archipelago of Sewalls Point.  Listing prices range from a low of $899,000 up to $2,175,000 for an average list price of $1,524,667 or $458.39 per sq. ft. of living area.  As of July 13, 2016 these listings have averaged 191 days on the market.

There are no homes are currently under contract.

In the past 12 months, there have been one home sold in the Archipelago of Sewalls Point. This home sold for $979,000 or $289.05 per sq. ft. of living area.  This sale was at 100% of the listing price and was on the market for only 5 days prior to accepting this full price offer.

Aerial of the Archipelago of Sewalls Point

Located in the prestigious town of Sewalls Point, Florida the Archipelago is a non gated neighborhood of all waterfront homes with access to the crystal clear waters of the Atlantic Ocean through the Saint Lucie Inlet in Martin County, Florida.  All the homes in the Archipelago are on either the wide waters of the Indian River or located on deep water canals.  The Saint Lucie Inlet to the Atlantic is less than two miles away by water.  Access is maintained by dredging all Archipelago waterways to 6’.  Homes range from modest older frame homes, to spectacular estate lots with magnificent views.

 View of the Archipelago of Sewalls Point

View of the Archipelago of Sewalls Point

The link below will take you to all currently available Archipelago homes in Sewalls Point, Florida

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July 2016 Archipelago Real Estate of Sewalls Point Market Report

Stuart Florida Market Report ZIP Code 34994 Residential June 2016

07.12.16 by

Stuart Florida Market Report ZIP Code 34994 Residential June 2016

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

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

There are currently 70 active listings (Up by 8 homes from May)

Stuart Florida Market Report ZIP Code 34994 Residential June 2016

33 Residential sales are pending and awaiting close or lender approval (Decreased by 10 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential June 2016

17 Homes Sold in May (Down by 1 homes from May)

Stuart Florida Market Report ZIP Code 34994 Residential June 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had excellent activity for June with very strong future activity (pending sales) and also a nice increase in closed sales.  Though, the reduced inventory is a potential problem.

The one month absorption rate for the 34994 zip code for June increased to 4.1 months from 3.4 months for May.  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 June 2014 numbers were 64 Active Listings, 38 pending sales and 14 closed sales.   Slightly better volume of activity for this year when compared to June of 2015.

Stuart Florida Market Report ZIP Code 34994 Residential June 2016

Search here for Stuart Florida Real Estate for Sale

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential June 2016

Vista Pines First Floor End Unit Condo Leased

07.12.16 by

Vista Pines First Floor End Unit Condo Leased in One Day

The old adage of “you snooze you loose” was certainly true as this updated first floor end unit in the Vista Pines complex of Stuart FL was in much demand and snatched up one day after going on the market.

Vista Pines Condos in Stuart FL

Available for annual lease at only $800 a month, this is a furnished first floor end unit condo that is totally updated with a new kitchen, including new appliances, tile floors and freshly painted. This spacious unit has 1 large bedroom, 1 and 1/2 bathrooms and a dining area and living room. Ample storage and closet space.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

But, the best part is that it’s located just steps away from shopping and restaurants and only a few minutes to medical facilities, professional offices as well as the beaches, waterways and historic downtown area of Stuart. Sorry, no pets and this community is restricted to ages 55 and over.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

The Vista Pines condominium complex consists of over 517 condos very conveniently located on SE Ocean Blvd. just in between the downtown Stuart area and the beaches of Hutchinson Island. Also, close to restaurants, grocery stores and medical facilities that are within walking distance for many.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

Vista Pines condos were first built in 1970 and the last one was completed in 1973. All the buildings are two story and contain both 2 Bedroom, 2 Bath and 1 Bedroom 1 Bath units. Sizes range from 1,089 sq. ft. of living space down to 679 sq. ft. 1 bedroom units. Buildings are situated to maximize privacy and for serene views of green space.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

There’s an active clubhouse with a large swimming pool as well as shuffleboard courts. No pets are permitted in Vista Pines and this is an age restricted (55+) community. The HOA fees as of August 2014 were from the low $200’s for a 1 Bedroom unit to just over $300 per month for 2 Bedroom condos.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

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Sewalls Point Single Family Market Report June 2016

07.11.16 by

Sewalls Point Single Family Market Report June 2016

Sewalls Point Real Estate Snapshot, Residential Sales for June 2016

 

There are currently 76 active listings (Up by 6 homes since last month)

Sewalls Point Single Family Market Report June 2016

5 home sales are pending and awaiting close or lender approval (Decreased by 6 homes from May)

Sewalls Point Single Family Market Report June 2016

19 Homes sold in June (Increased by 1 home sales from May)

Sewalls Point Single Family Market Report June 2016

The single family real estate market in Sewalls Point for June continued with good closed activity.  Unfortunately pending sales are down which could indicate slower closed activity for the coming months.

The current absorption rate dipped to 7.6 months, in May it was 7.8 months. Continuing in a positive direction for Sewall’s Point FL..  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 June of 2014, the inventory was 61 homes on the market, 15 pending sales and there were 3 closed sales. The inventory is considerably higher this year and pending sales are off from last year, while closed sales were higher.

Sewalls Point Single Family Market Report June 2016

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Sewalls Point Single Family Market Report June 2016

 

July 2016 Pinecrest Lakes Market Report

07.11.16 by

July 2016 Pinecrest Lakes Market Report

There are 11 homes for sale in the Pinecrest Lakes community for July 2016.  Listing prices range from $229,900 to $579,900 for an average list price of $469,645 which equates to an average of $180.49 per sq. ft. of living area.  As of July 11, 2016 these homes have averaged 161 days on the market.
There are 5 homes under contract and awaiting closing. The list prices of these homes range from $349,900 to $419,000 or an average list price of $389,945 which is $153.53 per sq. ft. of living area.  These listings averaged 103 days on market before going under contract.
In the past 12 months, 32 homes have sold in Pinecrest Lakes with sales prices ranging from $287,500 to $570,000 or an average sales price of $382,113 which works out to $152.66 per sq. ft. of living area.  These sales averaged 105 days on market and sold at 95% of list price.

About Pinecrest Lakes in Jensen Beach FL:

Pinecrest Lakes Homes for Sale

The Pinecrest Lakes community of Jensen Beach FL was first developed in the late 70’s and early 80’s during a time when the Martin County Commissioners were notoriously stringent and restrictive about new developments in the area. Consequently this community has a distinctive feel and flavor. All homes are on at least a 1/2 acre lot with many on larger 1 to 2 acre lots. None of the homes are identical and all types of construction and paint schemes are allowed.

Pinecrest Lakes Homes for Sale

Pinecrest Lakes is located south of NE Jensen Beach Boulevard and just east of the new Green River parkway. Residents enjoy wide winding streets with sidewalks, street lights, underground utilities and public water. Community features include tot lots, parks, lakes and tennis courts.

Pinecrest Lakes Homes for Sale

Pinecrest Lakes is located in Martin County’s “A” rated school district. The local public elementary school, Jensen Beach Elementary School, is less than a mile away, within easy walking and biking distance for students. Students also attend Stuart Middle School in Stuart and Jensen Beach High School located approximately 1 mile northwest of the community on NE Jensen Beach Boulevard.

Pinecrest Lakes Homes for Sale

Pinecrest Lakes is also about 1 mile to the east of the Treasure Coast Square Mall, Martin County’s main shopping center. Residents are a short ride away from the beautiful beaches on Hutchinson Island, historic downtown Jensen Beach, Indian Riverside Park as well as numerous boat ramps and marinas that serve the vast boating resources available in Martin County.

Here are the currently available Pinecrest Lakes Homes for Sale in Jensen Beach, Florida

July 2016 Pinecrest Lakes Market Report